Document:

EX-10.3

 Exhibit 10.3 

EXECUTION VERSION 

ROSEHILL OPERATING COMPANY, LLC 
  

 
 SENIOR SECURED
SECOND LIEN NOTES DUE 
 2023 
  

 
 $100,000,000
NOTE PURCHASE AGREEMENT 
 DATED AS OF DECEMBER 8, 2017 

 Table of Contents 

 

					
	 	  	Page	 
		
	 ARTICLE I Definitions and Accounting Matters
	  	 	1	 
	 Section 1.01 Terms Defined Above
	  	 	1	 
	 Section 1.02 Certain Defined Terms
	  	 	1	 
	 Section 1.03 [Reserved]
	  	 	29	 
	 Section 1.04 Terms Generally; Rules of Construction
	  	 	29	 
	 Section 1.05 Accounting Terms and Determinations; GAAP
	  	 	29	 
		
	 ARTICLE II PURCHASE OF THE NOTES
	  	 	30	 
	 Section 2.01 Note Purchase
	  	 	30	 
	 Section 2.02 The Notes
	  	 	30	 
	 Section 2.03 Request for Notes
	  	 	30	 
	 Section 2.04 Evidence of Debt; Register; the Holder’s Books and Records;
Notes
	  	 	31	 
		
	 ARTICLE III Payments of Principal and Interest; Prepayments;
Fees
	  	 	31	 
	 Section 3.01 Repayment of the Notes
	  	 	31	 
	 Section 3.02 Interest; Fees
	  	 	31	 
	 Section 3.03 Voluntary Prepayments
	  	 	33	 
	 Section 3.04 Mandatory Prepayments
	  	 	33	 
	 Section 3.05 Application of Payments
	  	 	38	 
	 Section 3.06 General Provisions Regarding Payments
	  	 	38	 
		
	 ARTICLE IV Payments; Pro Rata Treatment; Sharing of Set-offs
	  	 	40	 
	 Section 4.01 Payments Generally; Pro Rata Treatment; Sharing of Set-offs
	  	 	40	 
	 Section 4.02 [Reserved]
	  	 	41	 
	 Section 4.03 [Reserved]
	  	 	41	 
	 Section 4.04 Disposition of Proceeds
	  	 	41	 
		
	 ARTICLE V Increased Costs; Taxes
	  	 	41	 
	 Section 5.01 Increased Costs
	  	 	41	 
	 Section 5.02 [Reserved]
	  	 	42	 
	 Section 5.03 Taxes
	  	 	42	 
		
	 ARTICLE VI Conditions Precedent
	  	 	45	 
	 Section 6.01 Effective Date
	  	 	45	 
		
	 ARTICLE VII Representations and Warranties
	  	 	48	 
	 Section 7.01 Organization; Powers
	  	 	48	 
	 Section 7.02 Authority; Enforceability
	  	 	49	 
	 Section 7.03 Approvals; No Conflicts
	  	 	49	 
	 Section 7.04 Financial Condition; No Material Adverse
Change
	  	 	49	 
	 Section 7.05 Litigation
	  	 	49	 
	 Section 7.06 Environmental Matters
	  	 	50	 
	 Section 7.07 Compliance with the Laws and Agreements; No
Defaults
	  	 	51	 
	 Section 7.08 Investment Company Act
	  	 	51	 
	 Section 7.09 Taxes
	  	 	51	 
	 Section 7.10 ERISA
	  	 	51	 
	 Section 7.11 Disclosure; No Material Misstatements
	  	 	52	 

  
 i 

					
	 Section 7.12 Insurance
	  	 	52	 
	 Section 7.13 Restriction on Liens
	  	 	53	 
	 Section 7.14 Note Parties
	  	 	53	 
	 Section 7.15 Foreign Operations
	  	 	53	 
	 Section 7.16 Location of Business and Offices
	  	 	53	 
	 Section 7.17 Properties; Defensible Title, Etc.
	  	 	53	 
	 Section 7.18 Maintenance of Properties
	  	 	54	 
	 Section 7.19 Gas Imbalances; Prepayments
	  	 	54	 
	 Section 7.20 Marketing of Production
	  	 	54	 
	 Section 7.21 Security Documents
	  	 	55	 
	 Section 7.22 Swap Agreements and Eligible Contract
Participant
	  	 	55	 
	 Section 7.23 Use of Proceeds
	  	 	55	 
	 Section 7.24 Solvency
	  	 	55	 
	 Section 7.25 Anti-Corruption Laws; Sanctions; OFAC
	  	 	55	 
	 Section 7.26 EEA Financial Institution
	  	 	56	 
	 Section 7.27 Private Offering
	  	 	56	 
		
	 ARTICLE VIII Affirmative Covenants
	  	 	56	 
	 Section 8.01 Financial Statements; Other Information
	  	 	56	 
	 Section 8.02 Notices of Material Events
	  	 	59	 
	 Section 8.03 Existence; Conduct of Business
	  	 	60	 
	 Section 8.04 Payment of Obligations
	  	 	60	 
	 Section 8.05 Performance of Obligations under Note
Documents
	  	 	60	 
	 Section 8.06 Operation and Maintenance of Properties
	  	 	60	 
	 Section 8.07 Insurance
	  	 	61	 
	 Section 8.08 Books and Records; Inspection Rights
	  	 	61	 
	 Section 8.09 Compliance with Laws
	  	 	61	 
	 Section 8.10 Environmental Matters
	  	 	61	 
	 Section 8.11 Further Assurances
	  	 	63	 
	 Section 8.12 Reserve Reports
	  	 	63	 
	 Section 8.13 Title Information
	  	 	64	 
	 Section 8.14 Additional Collateral; Additional
Guarantors
	  	 	64	 
	 Section 8.15 ERISA Compliance
	  	 	66	 
	 Section 8.16 Account Control Agreements; Location of Proceeds of the Notes

	  	 	66	 
	 Section 8.17 EEA Financial Institution
	  	 	67	 
	 Section 8.18 Minimum Hedging Volumes
	  	 	67	 
		
	 ARTICLE IX Negative Covenants
	  	 	67	 
	 Section 9.01 Financial Covenant
	  	 	67	 
	 Section 9.02 Debt
	  	 	67	 
	 Section 9.03 Liens
	  	 	69	 
	 Section 9.04 Restricted Payments
	  	 	69	 
	 Section 9.05 Investments, Loans and Advances
	  	 	71	 
	 Section 9.06 Nature of Business; No International
Operations
	  	 	72	 
	 Section 9.07 Proceeds of the Notes
	  	 	72	 
	 Section 9.08 ERISA Compliance
	  	 	73	 
	 Section 9.09 Sale or Discount of Receivables
	  	 	73	 
	 Section 9.10 Mergers, Etc
	  	 	73	 
	 Section 9.11 Sale of Properties and Termination of Hedging Transactions

	  	 	73	 
	 Section 9.12 Sales and Leasebacks
	  	 	75	 
	 Section 9.13 Environmental Matters
	  	 	75	 

  
 ii 

					
	 Section 9.14 Transactions with Affiliates
	  	 	75	 
	 Section 9.15 Negative Pledge Agreements; Dividend
Restrictions
	  	 	75	 
	 Section 9.16 Take-or-Pay or Other Prepayments
	  	 	76	 
	 Section 9.17 Swap Agreements
	  	 	76	 
	 Section 9.18 Amendments to Organizational Documents and Material Contracts

	  	 	77	 
	 Section 9.19 Changes in Fiscal Periods
	  	 	77	 
	 Section 9.20 No Subsidiaries
	  	 	77	 
	 Section 9.21 Redemption of Senior Unsecured Notes; Amendment of Senior
 Unsecured Notes Documents
	  	 	77	 
	 Section 9.22 Marketing Activities
	  	 	78	 
	 Section 9.23 Amendments to Senior Debt; Collateral; Borrowing
Base
	  	 	78	 
	 Section 9.24 Negative Pledge; Restrictions on
Guarantees
	  	 	78	 
		
	 ARTICLE X Events of Default; Remedies
	  	 	79	 
	 Section 10.01 Events of Default
	  	 	79	 
	 Section 10.02 Remedies
	  	 	81	 
		
	 ARTICLE XI The Agent
	  	 	82	 
	 Section 11.01 Appointment; Powers
	  	 	82	 
	 Section 11.02 Duties and Obligations of the Agent
	  	 	83	 
	 Section 11.03 General Immunity
	  	 	83	 
	 Section 11.04 Action by the Agent
	  	 	85	 
	 Section 11.05 The Holders’ Representations, Warranties and Acknowledgement

	  	 	86	 
	 Section 11.06 Successor Agent
	  	 	86	 
	 Section 11.07 Security Instruments
	  	 	87	 
	 Section 11.08 Posting of Approved Electronic
Communications
	  	 	88	 
	 Section 11.09 Agent May File Proofs of Claim
	  	 	88	 
	 Section 11.10 Intercreditor Agreement
	  	 	89	 
		
	 ARTICLE XII Miscellaneous
	  	 	89	 
	 Section 12.01 Notices
	  	 	89	 
	 Section 12.02 Waivers; Amendments
	  	 	90	 
	 Section 12.03 Expenses, Indemnity; Damage Waiver
	  	 	91	 
	 Section 12.04 Successors and Assigns
	  	 	93	 
	 Section 12.05 Survival; Revival; Reinstatement
	  	 	97	 
	 Section 12.06 Counterparts; Integration; Effectiveness
	  	 	97	 
	 Section 12.07 Severability
	  	 	98	 
	 Section 12.08 Right of Setoff
	  	 	98	 
	 Section 12.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS

	  	 	98	 
	 Section 12.10 Headings
	  	 	99	 
	 Section 12.11 Confidentiality
	  	 	99	 
	 Section 12.12 Interest Rate Limitation
	  	 	100	 
	 Section 12.13 [Reserved]
	  	 	101	 
	 Section 12.14 No Third Party Beneficiaries
	  	 	101	 
	 Section 12.15 EXCULPATION PROVISIONS
	  	 	101	 
	 Section 12.16 USA Patriot Act Notice
	  	 	102	 
	 Section 12.17 Flood Insurance Provisions
	  	 	102	 
	 Section 12.18 Releases
	  	 	102	 
	 Section 12.19 Disclosure
	  	 	102	 
	 Section 12.20 Appointment for Perfection
	  	 	102	 

  
 iii 

					
	 Section 12.21 Advertising and Publicity
	  	 	103	 
	 Section 12.22 Acknowledgement and Admissions
	  	 	103	 
	 Section 12.23 Acknowledgement and Consent to Bail-In of EEA Financial Institutions
	  	 	104	 
	 Section 12.24 Transferability of Securities; Restrictive
Legend
	  	 	104	 
	 Section 12.25 Replacement of Notes
	  	 	104	 
		
	 ARTICLE XIII REPRESENTATIONS OF HOLDERS
	  	 	105	 
	 Section 13.01 Organization and Standing
	  	 	105	 
	 Section 13.02 Authorization; Enforceability
	  	 	105	 
	 Section 13.03 Investment
	  	 	105	 
	 Section 13.04 Accredited Investor
	  	 	105	 
	 Section 13.05 No Resale or Repurchase
	  	 	105	 
	 Section 13.06 Private Placement
	  	 	105	 
	 Section 13.07 Knowledge and Experience
	  	 	106	 
	 Section 13.08 No Materials
	  	 	106	 
	 Section 13.09 Transfer Restrictions
	  	 	106	 
	 Section 13.10 Offer and Sales Only in Certain
Circumstances
	  	 	106	 
	 Section 13.11 Subsequent Purchaser Notification
	  	 	106	 
	 Section 13.12 No Plan Assets
	  	 	107	 

  
 iv 

 ANNEXES, EXHIBITS AND SCHEDULES 

 

			
	Annex I	  	Commitments
	Annex II	  	Notice Addresses
	Exhibit A	  	Form of Note
	Exhibit B	  	Form of Note Purchase Notice
	Exhibit C	  	Form of Change in Control Election Notice
	Exhibit D	  	Form of Compliance Certificate
	Exhibit E	  	Form of Solvency Certificate
	Exhibit F	  	Security Instruments
	Exhibit G	  	Form of Assignment Agreement
	Exhibit H-1	  	Form of U.S. Tax Compliance Certificate (Non-U.S. Holders; non-partnerships)
	Exhibit H-2	  	Form of U.S. Tax Compliance Certificate (Foreign Participants; non-partnerships)
	Exhibit H-3	  	Form of U.S. Tax Compliance Certificate (Foreign Participants; partnerships)
	Exhibit H-4	  	Form of U.S. Tax Compliance Certificate (Non-U.S. Holders; partnerships)
	Exhibit I	  	Form of Mortgage
	Exhibit J	  	Form of Intercreditor Agreement
	Schedule 1.01	  	Existing Liens
	Schedule 7.05	  	Litigation
	Schedule 7.06	  	Environmental Matters
	Schedule 7.12	  	Insurance
	Schedule 7.14	  	Note Parties
	Schedule 7.19	  	Gas Imbalances
	Schedule 7.20	  	Marketing of Production
	Schedule 7.22	  	Swap Agreements
	Schedule 9.05	  	Investments
	Schedule 12.11	  	Compliance Personnel

  
 v 

 THIS NOTE PURCHASE AGREEMENT dated as of December 8, 2017, is among ROSEHILL
OPERATING COMPANY, LLC, a limited liability company organized under the laws of the State of Delaware, as issuer (the “Issuer”), ROSEHILL RESOURCES INC., a Delaware corporation (the “RRI”), which was
formerly known as KLR Energy Acquisition Corp. prior to the Business Combination Transaction (as defined below), each of the Holders from time to time party hereto and U.S. BANK NATIONAL ASSOCIATION, as agent and collateral agent for the
Holders (in such capacity, together with its successors in such capacity, the “Agent”). 
 R E C I T A L S

 In consideration of the mutual covenants and agreements contained herein and the Notes to be purchased by the Holders, and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

ARTICLE I 

Definitions and Accounting Matters 

Section 1.01    Terms Defined Above. As used in this Agreement, each term
defined above has the meaning indicated above. 
 Section 1.02    Certain
Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “Accepting Holders”
has the meaning assigned to such term in Section 3.04(e). 
 “Account” means any securities,
commodities, demand, time, savings, passbook or other deposit account maintained with a bank or other financial institution. 

“Account Control Agreement” means an agreement which grants the Agent, for the benefit of the Secured Parties,
“control” as defined in the Uniform Commercial Code in effect in the applicable jurisdiction over the applicable Account, in form and substance reasonably acceptable to the Agent and the Requisite Holders. 

“Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Agent” has the
meaning set forth in the preamble hereto. 
 “Agent Fee Letter” means that certain Fee Letter dated as of November 17, 2017
between the Issuer and the Agent. 
 “Agent’s Account” means an account designated by the Agent from time to time as
the account into which Note Parties shall make all payments to the Agent for the benefit of the Agent and the Holders under this Agreement and the other Note Documents. 

“Agent’s Office” means the “Agent’s Office” as set forth on Annex II or such other office as the
Agent may from time to time designate in writing to the Issuer and each Holder. 
 “Aggregate Amounts Due” has the meaning
assigned to such term in Section 4.01(c). 

  
 1 

 “Aggregate Change in Control Redemption Amount” has the meaning assigned to such
term in Section 3.04(f)(ii)(A). 
 “Agreement” means this Note Purchase Agreement, including the
Schedules and Exhibits hereto, as the same may be amended, modified, supplemented, restated, replaced or otherwise modified from time to time. 

“Anti-Corruption Laws” means all laws, rules, and regulations of any
jurisdiction applicable to the Issuer or any of its Subsidiaries from time to time concerning or relating to bribery or corruption. 

“Applicable Office” means an office through which a Holder’s investment in any Note is made. 

“Applicable Rate” has the meaning assigned to such term in Section 3.02(a). 

“Approved Counterparty” means, with respect to any Swap Agreement (a) any First Lien Lender or any Affiliate of a First
Lien Lender, (b) any other Person whose long term senior unsecured debt rating at the time a particular Swap Agreement transaction is entered into is A or A2 by S&P or Moody’s (or their equivalent), respectively, or higher or
(c) any other Person consented to by the Requisite Holders (such consent not to be unreasonably withheld, conditioned or delayed), in each case, at the time the applicable Swap Agreement (or any transaction thereunder) is entered into. 

“Approved Petroleum Engineers” means (a) Ryder Scott Company Petroleum Consultants, L.P., and (b) any other
independent petroleum engineers proposed by the Issuer and reasonably acceptable to the Requisite Holders (provided that any independent reserve engineer acceptable to the First Lien Administrative Agent shall be deemed acceptable to the Requisite
Holders). 
 “ASC” means the Financial Accounting Standards Board Accounting Standards Codification, as in effect. 

“Asset Sale” means a sale, lease or sublease (as lessor or sublessor), sale and leaseback, assignment, conveyance, license,
transfer or other disposition to, or any exchange of property with, any Person, in one transaction or a series of related transactions, of all or any part of any Person’s businesses, assets or properties of any kind, whether real, personal, or
mixed and whether tangible or intangible, whether now owned or hereafter acquired, including the Equity Interest owned by such Person (in each case of the foregoing, excluding any Casualty Event); provided, that any such transaction generating net
proceeds of $10,000 or less shall not constitute an Asset Sale hereunder. 
 “Assignee” has the meaning assigned to such
term in Section 12.04(b). 
 “Assignment Agreement” means an Assignment Agreement entered into by
a Holder and an Assignee (with the consent of any party whose consent is required by Section 12.04(b)), and accepted by the Agent, substantially in the form of Exhibit G or any other form approved
by the Requisite Holders. 
 “Bail-In Action” means the exercise of any Write-Down
and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” means, with respect to any EEA Member Country
implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU
Bail-In Legislation Schedule. 

  
 2 

 “Bankruptcy Code” means Title 11 of the United States Code entitled
“Bankruptcy,” as now and hereafter in effect, or any successor statute. 
 “Bankruptcy Event” means, with respect
to any Person, such Person becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization
or liquidation of its business appointed for it, or, in the good faith determination of the Requisite Holders, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment,
provided that a Bankruptcy Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person by a Governmental Authority or instrumentality thereof, unless such ownership interest results
in or provides such Person with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permits such Person (or such Governmental Authority or instrumentality) to
reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person. 
 “Base Series B Preferred
Shares” means “Base Series B Preferred Shares” as defined in the Series B Redeemable Preferred Stock Purchase Agreement. 

“Board” means the Board of Governors of the Federal Reserve System of the United States of America or any successor
Governmental Authority. 
 “Borrowing Base” means, at any particular time, the Dollar amount determined to be the
“Borrowing Base” in accordance with the terms of the First Lien Credit Agreement (or any equivalent term in accordance with the terms of any applicable Permitted Revolver Refinancing First Lien Credit Agreement), including any
redetermination or adjustment thereof in accordance with the terms of the First Lien Credit Agreement or Permitted Revolver Refinancing First Lien Credit Agreement, as applicable; provided that such Borrowing Base is a conforming commercial banking
borrowing base for oil and gas secured loan transactions, as determined by the First Lien Lenders, in accordance with their customary oil and gas lending criteria as they exist at the particular time and in accordance with the First Lien Credit
Agreement or Permitted Revolver Refinancing First Lien Credit Agreement, as applicable, including customary mechanisms for periodic redeterminations thereof (it being acknowledged and agreed that the Borrowing Base determined in accordance with the
First Lien Credit Agreement as in effect on the date hereof satisfies such standard). 
 “Borrowing Base Deficiency” occurs
if at any time the total Revolving Credit Exposures exceeds the Borrowing Base then in effect. The amount of any Borrowing Base Deficiency at such time is the amount by which the total Revolving Credit Exposures of all First Lien Lenders at such
time exceeds the Borrowing Base in effect at such time. 
 “Borrowing Base Properties” means the Oil and Gas Properties of
the Note Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12. 

“Business Combination Agreement” means the Business Combination Agreement by and among RRI and Tema, dated as of
December 20, 2016 (as amended prior to April 27, 2017). 
 “Business Combination Transaction” means the
reorganization transactions described in the Business Combination Agreement, including the contribution by Tema of certain assets to the Issuer and the contribution of certain cash and shares by RRI to the Issuer in exchange for certain Equity
Interests in the Issuer. 

  
 3 

 “Business Day” means any day that is not a Saturday, Sunday or other day on
which commercial banks in Houston, Texas or New York, New York are authorized or required by law to remain closed. 
 “Called
Principal” means, with respect to any Note, the amount of principal of such Note that is to be prepaid pursuant to Section 3.03 or Section 3.04 or has become or is declared to be
immediately due and payable pursuant to Section 10.02, the context requires. 
 “Capital Leases”
means, in respect of any Person, all leases that are or should be, in accordance with GAAP, recorded as capital leases on the balance sheet of the Person liable (whether contingent or otherwise) for the payment of rent thereunder. Any lease that was
treated as an operating lease under GAAP at the time it was entered into that later becomes a capital lease as a result of a change in GAAP during the life of such lease, including any renewals, shall be treated as an operating lease for all
purposes under this Agreement, and any lease that was treated as a capital lease under GAAP at the time it was entered into that later becomes an operating lease as a result of a change in GAAP during the life of such lease, including any renewals,
shall be treated as a capital lease for all purposes under this Agreement. 
 “Cash” means money, currency or a credit
balance in any demand or deposit account. 
 “Cash Equivalents” means, at any date, Investments permitted under Sections
9.05(c)-9.05(f). 
 “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 Issuer or any of its Subsidiaries; provided, that any such event generating net proceeds of $10,000 or less
shall not constitute a Casualty Event hereunder. 
 “Change in Control” means (a) RRI shall cease to be the sole
managing member of the Issuer, (b) RRI shall cease to Control the Issuer, (c) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or group, other than Permitted Holders, (within the meaning of the
Securities Exchange Act of 1934 and the rules of the SEC thereunder as in effect on the date hereof) of Equity Interests representing more than 35% of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of
RRI, (d) the occupation of a majority of the seats (other than vacant seats) on the board of directors of RRI by Persons who were neither (i) nominated by the board of directors of RRI nor (ii) appointed by directors so nominated or
(e) the occurrence of any “change in control” or equivalent term under (i) any Material Indebtedness, (ii) or the Tax Receivables Agreement or (iii) documents governing any of RRI’s Equity Interests. 

“Change in Control Offer” has the meaning specified in Section 3.04(f)(ii). 

“Change in Control Premium” means one percent (1.00%) of the principal amount of any Note redeemed, repurchased or repaid
pursuant to Section 3.04(f). 
 “Change in Control Redemption Amount” has the meaning specified
in Section 3.04(f)(ii)(A). 
 “Change in Control Redemption Date” has the meaning specified in
Section 3.04(f)(ii)(C). 
 “Change in Law” means the occurrence, after the Effective Date, of any
of the following: (a) the adoption or taking effect of any Law, (b) any change in any Law or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of
any request, rule, guideline or directive (whether or not having the force of Law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall
Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued 

  
 4 

 
in connection therewith (whether or not having the force of Law) and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel
Committee on Banking Supervision (or any successor or similar authority) or the United States of America or foreign regulatory authorities (whether or not having the force of Law), in each case pursuant to Basel III, shall in each case be deemed to
be a “Change in Law”, regardless of the date enacted, adopted, issued, promulgated or implemented. 
 “Class A Common
Stock” means the “Class A Common Stock” as defined in the Issuer LLC Agreement. 
 “Code” means the
Internal Revenue Code of 1986 as amended from time to time and any successor statute, and the regulations promulgated thereunder. 

“Collateral” means all Property of the Note Parties, now owned or hereafter acquired, upon which a Lien is purported to be
created by any Security Instrument (which shall not, in any event, include any Excluded Assets). 
 “Commitments” means, as
to any Holder, the commitment of such Holder to purchase Notes in the manner set forth in Section 2.01. “Commitments” means such commitments of all the Holders in the aggregate. The amount of each Holder’s
Commitment is set forth on Annex I. 
 “Commodity Exchange Act” means the Commodity Exchange Act
(7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute and any regulations promulgated thereunder. 

“Common Units” means the “Common Units” as defined in the Issuer LLC Agreement. 

“Communications” as defined in Section 11.08(a). 

“Compliance Certificate” shall have the meaning set forth in Section 8.01(c). 

“Confidential Information” has the meaning assigned to such term in Section 12.11(a). 

“Consolidated Net Income” means with respect to the Issuer and the Consolidated Subsidiaries, for any period, the aggregate
of the net income (or loss) of the Issuer and the Consolidated Subsidiaries after allowances for taxes for such period determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded from such net income (to
the extent otherwise included therein) the following: (a) the net income of any Person in which the Issuer or any Consolidated Subsidiary has an interest (which interest does not cause the net income of such other Person to be consolidated with
the net income of the Issuer and the Consolidated Subsidiaries in accordance with GAAP), except to the extent of the amount of dividends or distributions actually paid in cash during such period by such other Person to the Issuer or to a
Consolidated Subsidiary, as the case may be; (b) the net income (but not loss) during such period of any Consolidated Subsidiary to the extent that the declaration or payment of dividends or similar distributions or transfers or loans by that
Consolidated Subsidiary is not at the time permitted by operation of the terms of its charter or any agreement, instrument or Governmental Requirement applicable to such Consolidated Subsidiary or is otherwise restricted or prohibited, in each case
determined in accordance with GAAP; (c) the net income (or loss) of any Person acquired in a pooling of interests transaction for any period prior to the date of such transaction; (d) any extraordinary
non-cash gains or losses during such period; (e) non-cash gains or losses under FASB ASC Topic 815 resulting from the net change in mark to market portfolio of
commodity price risk management activities during that period; and (f) any gains or losses attributable to writeups or writedowns of assets, including ceiling test writedowns. 

  
 5 

 “Consolidated Subsidiaries” means each Subsidiary of the Issuer (whether now
existing or hereafter created or acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of the Issuer in accordance with GAAP. 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. For the purposes of this definition, and without limiting the generality of the foregoing, any Person that owns directly or indirectly 10% or more
of the Equity Interests having ordinary voting power for the election of the directors or other governing body of a Person (other than as a limited partner of such other Person) will be deemed to “control” such other Person.
“Controlling” and “Controlled” have meanings correlative thereto. 
 “Credit Party” means
the Agent or any Holder. 
 “Debt” means, for any Person, the sum of the following (without duplication): (a) all
obligations of such Person for borrowed money or evidenced by bonds, bankers’ acceptances, debentures, notes or other similar instruments; (b) all obligations of such Person (whether contingent or otherwise) in respect of letters of
credit, surety or other bonds and similar instruments; (c) all accounts payable and all accrued expenses, liabilities or other obligations of such Person to pay the deferred purchase price of Property or services that are more than ninety
(90) days past the date of invoice other than those which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP; (d) all obligations of such Person under
Capital Leases; (e) all obligations of such Person under Synthetic Leases; (f) all Debt (as defined in the other clauses of this definition) of others secured by (or for which the holder of such Debt has an existing right, contingent or
otherwise, to be secured by) a Lien on any Property of such Person, whether or not such Debt is assumed by such Person; (g) all Debt (as defined in the other clauses of this definition) of others guaranteed by such Person or in which such
Person otherwise assures a creditor against loss of the Debt (howsoever such assurance shall be made) to the extent of the lesser of the amount of such Debt and the maximum stated amount of such guarantee or assurance against loss; (h) all
obligations or undertakings of such Person to maintain or cause to be maintained the financial position or covenants of others or to purchase the Debt or Property of others; (i) obligations to deliver commodities, goods or services, including
Hydrocarbons, in consideration of one or more advance payments, made more than one month in advance of the month in which the commodities, goods or services are to be delivered other than (i) Swap Agreements and (ii) gas balancing
arrangements in the ordinary course of business; (j) any Debt of a partnership for which such Person is liable either by agreement, by operation of law or by a Governmental Requirement but only to the extent of such liability; (k) the
obligation of such Person in respect of Disqualified Capital Stock; and (l) the undischarged balance of any production payment created by such Person or for the creation of which such Person directly or indirectly received payment. The Debt of
any Person shall include all obligations of such Person of the character described above to the extent such Person remains legally liable in respect thereof notwithstanding that any such obligation is not included as a liability of such Person under
GAAP. Debt shall not include liabilities resulting from endorsements of instruments for collection in the ordinary course of business. 

“Debtor Relief Laws” means the Bankruptcy Code of the United States of America, and all other liquidation, conservatorship,
bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect. 

“Declining Holders” has the meaning assigned to such term in Section 3.04(e). 

  
 6 

 “Default” means any event or condition which constitutes an Event of Default or
which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default. 
 “Default Rate” means
any interest payable pursuant to Section 3.02(c). 
 “Discharge of Priority Lien Obligations”
means “Discharge of Priority Lien Obligations” as defined in the Intercreditor Agreement. 
 “Discounted Value”
means, with respect to the Called Principal of any Note, the amount obtained by discounting all Remaining Scheduled Payments with respect to such Called Principal from their respective scheduled due dates to the Settlement Date with respect to such
Called Principal, in accordance with accepted financial practice and at a discount factor (applied on the same periodic basis as that on which interest on the Notes is payable) equal to the Reinvestment Yield with respect to such Called Principal.

 “Disqualified Capital Stock” means any Equity Interest that, by its terms (or by the terms of any security into which it
is convertible or for which it is exchangeable) or upon the happening of any event, matures or is mandatorily redeemable for any consideration other than other Equity Interests (which would not constitute Disqualified Capital Stock), pursuant to a
sinking fund obligation or otherwise, or is convertible or exchangeable for Debt or redeemable for any consideration other than other Equity Interests (which would not constitute Disqualified Capital Stock) at the option of the holder thereof, in
whole or in part, on or prior to the date that is one year after the earlier of (a) the Maturity Date and (b) the date on which there are no Obligations hereunder outstanding and all of the Commitments are terminated; provided,
however, that any Equity Interest of a Person that is issued with the benefit of provisions requiring a change in control offer to be made for such Equity Interest in the event of a change in control of such Person will not be deemed to be
Disqualified Capital Stock solely by virtue of such provisions (so long as any such provisions are subject to the prior payment of any Obligations pursuant to Section 3.04(f) hereof). 

“Dollars” or “$” refers to lawful money of the United States of America. 

“Domestic Subsidiary” means any Subsidiary that is organized under the laws of the United States of America or any state
thereof or the District of Columbia other than (i) a Subsidiary substantially all of the assets (directly or through its Subsidiaries) of which consist of Equity Interests in a Foreign Subsidiary and (ii) a Subsidiary of a Foreign
Subsidiary. 
 “EBITDAX” means, for any period, (a) the sum of Consolidated Net Income for such period plus the
following expenses or charges to the extent deducted from Consolidated Net Income in such period: (i) interest, (ii) income and franchise taxes (including Texas margin or gross receipts taxes), (iii) depreciation, depletion,
amortization, abandonment and exploration expenses, accretion and impairment of Oil and Gas Properties, (iv) the actual transaction costs, expenses, fees and charges of third parties that are incurred with respect to any acquisition of
Property, in an aggregate amount with respect to this clause (iv) not to exceed 5% of the total EBITDAX for such period, (v) one-time costs incurred in connection with the Business Combination
Transaction and (vi) other similar noncash charges (including expenses relating to stock based compensation, hedging, ceiling test impairments, etc. and other non-cash charges resulting from the
requirements of ASC 410, 718 and 815) minus (b) all noncash income added to Consolidated Net Income. For the avoidance of doubt, EBITDAX shall not include any unrealized
mark-to-market hedging gains or losses. For the purposes of calculating EBITDAX for any period for any determination of the financial ratio contained in
Section 9.01(a), if at any time during such period the Issuer or any Subsidiary shall have made any Material Disposition or Material Acquisition, EBITDAX for such period shall be calculated after giving pro forma effect
thereto as if such Material Disposition or Material Acquisition had occurred on the first day of such period; provided that the calculations of such pro forma adjustments are acceptable to the Requisite Holders in their reasonable discretion. 

  
 7 

 “EEA Financial Institution” means (a) any institution established in any
EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any
institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EEA Resolution Authority” means any public administrative authority or any Person entrusted with public administrative
authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” means the date on which the conditions specified in Section 6.01 are satisfied (or
waived in accordance with Section 12.02). 
 “EIG” means one or more funds, accounts or Persons
managed, advised, sub-advised by or affiliated with EIG Management Company, LLC or its Affiliates. 

“Eligible Assignee” means (a) any Holder and (b) any Related Fund or Affiliate of a Holder. 

“Environmental Laws” means any and all Governmental Requirements pertaining in any way to health and safety (insofar as
either may be affected by a Release of, or exposure to, Hazardous Materials) the environment, the preservation or reclamation of natural resources, or the management, Release or threatened Release of any Hazardous Materials, in effect in any and all
jurisdictions in which the Issuer or any Subsidiary is conducting, or at any time has conducted, business, or where any Property of the Issuer or any Subsidiary is located, including, the Oil Pollution Act of 1990, as amended, the Clean Air Act, as
amended, the Comprehensive Environmental, Response, Compensation, and Liability Act of 1980, as amended, the Federal Water Pollution Control Act, as amended, the Occupational Safety and Health Act of 1970, as amended, the Resource Conservation and
Recovery Act of 1976 (“RCRA”), as amended, the Safe Drinking Water Act, as amended, the Toxic Substances Control Act, as amended, the Superfund Amendments and Reauthorization Act of 1986, as amended, the Hazardous Materials
Transportation Act, as amended, the Natural Gas Pipeline Safety Act of 1968, as amended, the Hazardous Liquid Pipeline Safety Act of 1979, as amended, and other environmental conservation or protection Governmental Requirements. 

“Environmental Permit” means any permit, registration, license, notice, approval, consent, exemption, variance, or other
authorization required under or issued pursuant to applicable Environmental Laws. 
 “Equity Interests” means shares of
capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to
purchase or acquire any such Equity Interest. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended, and any successor statute. 

  
 8 

 “ERISA Affiliate” means each trade or business (whether or not incorporated)
which together with any Note Party would be deemed to be a “single employer” within the meaning of Section 4001(b)(1) of ERISA or subsections (b), (c), (m) or (o) of Section 414 of the Code. 

“ERISA Event” means (a) a Reportable Event with respect to any Plan, (b) the withdrawal of the Issuer or any of its
Subsidiaries or ERISA Affiliates from a Plan during a plan year in which it was a “substantial employer” (as defined in Section 4001(a)(2) of ERISA), (c) the filing of a notice of intent to terminate a Plan or the treatment of an
amendment to such a Plan as a termination under Section 4041(c) of ERISA, (d) the institution by the PBGC of proceedings to terminate a Plan under Section 4042 of ERISA, (e) any event or condition (i) that provides a basis
under Section 4042(a)(1), (2), or (3) of ERISA for the termination of, or the appointment of a trustee to administer, any Plan, or (ii) that may result in termination of a Multiemployer Plan pursuant to Section 4041A of ERISA, or
(f) the incurrence by the Issuer or any of its Subsidiaries or ERISA Affiliates of any liability with respect to the partial or complete withdrawal within the meaning of Sections 4203 and 4205 of ERISA, of the Issuer, any of its
Subsidiaries or ERISA Affiliates from a Multiemployer Plan. 
 “EU Bail-In
Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. 

“Event of Default” has the meaning assigned to such term in Section 10.01. 

“Excepted Liens” means: 

(a)    Liens for Taxes, assessments or other governmental charges or levies which are not delinquent or
which are being contested in good faith by appropriate action and, in each case, for which adequate reserves have been maintained in accordance with GAAP; 

(b)    Liens in connection with workers’ compensation, unemployment insurance or other social
security, old age pension or public liability obligations which are not delinquent or which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP; 

(c)    statutory landlord’s liens, operators’, vendors’, carriers’,
warehousemen’s, repairmen’s, mechanics’, suppliers’, workers’, materialmen’s, construction or other like Liens arising by operation of law or otherwise in the ordinary course of business or incident to the exploration,
development, operation and maintenance of Oil and Gas Properties or Midstream Properties each of which is in respect of obligations that are not delinquent or which are being contested in good faith by appropriate action and for which adequate
reserves have been maintained in accordance with GAAP; 
 (d)    contractual Liens which arise in the
ordinary course of business under operating agreements, joint venture agreements, oil and gas partnership agreements, oil and gas leases, farm-out agreements, division orders, contracts for the sale,
transportation or exchange of oil and natural gas, unitization and pooling declarations and agreements, area of mutual interest agreements, overriding royalty agreements, marketing agreements, processing agreements, net profits agreements,
development agreements, gas balancing or deferred production agreements, injection, repressuring and recycling agreements, salt water or other disposal agreements, seismic or other geophysical permits or agreements, and other agreements which are
usual and customary in the oil and gas business and are for claims which are not delinquent or which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP,
provided that any such Lien referred to in this clause does not materially impair the use of the Property covered by such Lien for the purposes for which such Property is held by any Note Party or materially impair the value of such Property
subject thereto; 

  
 9 

 (e)    Liens arising solely by virtue of any statutory or
common law provision or customary deposit account terms relating to banker’s liens, rights of set-off or similar rights and remedies and burdening only deposit accounts or other funds maintained with a
creditor depository institution, provided that no such deposit account is a dedicated cash collateral account or is subject to restrictions against access by the depositor in excess of those set forth by regulations promulgated by the Board
and no such deposit account is intended by any Note Party to provide collateral to the depository institution (other than pursuant to the Note Documents); 

(f)    zoning and land use requirements, easements, restrictions, servitudes, permits, conditions,
covenants, exceptions or reservations in any Property of any Note Party for the purpose of roads, pipelines, transmission lines, transportation lines, distribution lines for the removal of gas, oil, coal or other minerals or timber, and other like
purposes, or for the joint or common use of real estate, rights of way, facilities and equipment, that do not secure any monetary obligations and which in the aggregate do not materially impair the use of such Property for the purposes of which such
Property is held by any Note Party or materially impair the value of such Property subject thereto; 

(g)    Liens on Cash or securities pledged to secure performance of tenders, surety and appeal bonds,
government contracts, performance and return of money bonds, bids, trade contracts, asset sale agreements, leases, statutory obligations, regulatory obligations and other obligations of a like nature incurred in the ordinary course of business and
not in connection with the borrowing of money; 
 (h)    judgment and attachment Liens not giving rise to
an Event of Default, provided that any appropriate legal proceedings which may have been duly initiated for the review of such judgment shall not have been finally terminated or the period within which such proceeding may be initiated shall
not have expired and no action to enforce such Lien has been commenced; 
 (i)    royalties, overriding
royalties, reversionary interests, production payments and similar lease burdens which (i) are customarily granted in the ordinary course of business in the oil and gas industry, (ii) are deducted in the calculation of discounted present
value in the most recent Reserve Reports delivered to the Agent hereunder and (iii) with respect to each Oil and Gas Property, do not operate to reduce any Note Party’s net revenue interest in production for such Oil and Gas Property (if
any) below such interests reflected in the most recent Reserve Report or increase the working interest for such Oil and Gas Property (if any) as reflected or warranted in the most recent Reserve Report without a corresponding increase in the
corresponding net revenue interest; 
 (j)    Liens to secure plugging and abandonment obligations; 

(k)    Liens arising from precautionary UCC financing statement filings regarding operating leases entered
into in the ordinary course of business covering only the Property under such lease; and 
 (l)    Liens
disclosed on Schedule 1.1 and renewals, refinancings and extensions thereof on substantially the same or better terms as in effect on the Effective Date and otherwise in compliance with this Agreement. 

  
 10 

 provided, further, that Liens described in clauses (a) through (d) shall remain
“Excepted Liens” only for so long as no action to enforce such Lien has been commenced, and no intention to subordinate the first priority Lien granted in favor of the Agent and the Holders is to be hereby implied or expressed by the
permitted existence of such Excepted Liens. 
 “Excess Proceeds” has the meaning assigned to such term in
Section 3.04(a)(ii). 
 “Excluded Accounts” means (a) any account exclusively used for
payroll, payroll taxes, other employee wage and benefit payments to or for the benefit of any employees of any Note Party, cash collateral, trust or escrow and (b) any other accounts to the extent that the Cash or Cash Equivalent balance of all
such other accounts does not at any time exceed $100,000 in the aggregate; provided that, to the extent that any such account is held with either the First Lien Administrative Agent or an Affiliate of the First Lien Administrative Agent, then
such account shall not be deemed to be an “Excluded Account” for purposes of clause (b) above. 
 “Excluded
Assets” means: 
 (a)    any lease, license, contract, property right, agreement or other
document of the Note Party to the extent that the grant of a security interest or other Lien by the Note Party hereunder in such lease, license, contract, property right, agreement or other document is prohibited by any Law of a Governmental
Authority; and 
 (b)    any lease, license, contract, property right or agreement to which a Note Party
is a party or any of its rights or interests thereunder, including any license hereunder that, if and for so long as the grant of such security interest or other Lien or license would constitute or result in the abandonment, termination pursuant to
the terms of, or a breach or default under, any such lease, license, contract, property right or agreement (other than to the extent that any such term would be rendered ineffective pursuant to Sections 9.406, 9.407, 9.408 or 9.409 of the UCC (or
any successor provision or provisions) of any relevant jurisdiction or any other applicable Law (including any Debtor Relief Law) or principles of equity); provided, however, that such security interest or other Lien shall attach
immediately at such time as the condition causing such abandonment, invalidation or unenforceability shall be remedied and to the extent severable, shall attach immediately to any portion of such lease, license, contract, property right or agreement
that does not result in any of the consequences specified above. So long as any property of a Note Party is excluded from the security interest or other Lien granted pursuant to the Security Instruments, such property shall be excluded from the term
“Collateral” for all purposes hereunder and under any other Note Document; provided, further, that (i) no such lease, license, contract or agreement shall have been entered into for the purpose of creating “Excluded
Assets” under this clause (b) and (ii) the total fair market value of all Property with an individual fair market value in excess of $50,000 excluded under this clause (b) shall not exceed $2,000,000 in the aggregate at any
time. 
 “Excluded Swap Obligation” means any obligation of any Guarantor to pay or perform under any Swap Agreement, if,
and to the extent that, all or a portion of the guarantee by such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Agreement (or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act or
any rule, regulation, or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) or any other applicable Governmental Requirement. 

“Excluded Taxes” has the meaning assigned to such term in Section 5.03(b). 

  
 11 

 “Exposure” means, with respect to any Holder, as of any date of determination,
the outstanding principal amount of the Notes held by such Holder. 
 “FATCA” means Sections 1471 through 1474 of the
Code, as of the Effective Date (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, any agreements entered into
pursuant to Section 1471(b)(1) of the Code, and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities entered into in connection with
the implementation of the foregoing. 
 “Fee Letter” means that certain Fee Letter dated as of the Effective Date between
the Issuer, EIG and the other parties named therein. 
 “Financial Officer” means, for any Person, the chief executive
officer, chief financial officer, principal accounting officer, treasurer or controller of such Person. Unless otherwise specified, all references herein to a Financial Officer means a Financial Officer of the Issuer. 

“First Lien Administrative Agent” means PNC Bank, National Association, as “Administrative Agent” under the First
Lien Credit Agreement (or any successor thereto appointed pursuant to Section 11.06 of the First Lien Credit Agreement) or the administrative agent under a Permitted Revolver Refinancing First Lien Credit Agreement, in each case subject to the
requirements of Section 9.02(l). 
 “First Lien Collateral Documents” means the “Security
Instruments” as defined in the First Lien Credit Agreement or any functionally equivalent term in a Permitted Revolver Refinancing First Lien Credit Agreement. 

“First Lien Credit Agreement” means the Credit Agreement, dated as of April 27, 2017, among the Issuer, as borrower, the
First Lien Lenders party thereto, PNC Bank, National Association, as administrative agent, as amended, restated, modified or supplemented from time to time, in each case, subject to the Intercreditor Agreement and the terms hereof. 

“First Lien Credit Facility” means the first lien reserve based revolving credit facility established pursuant to the First
Lien Credit Agreement or any first lien reserve based credit facility established pursuant to a Permitted Revolver Refinancing First Lien Credit Agreement. 

“First Lien Lender” means a “Lender” as defined in the First Lien Credit Agreement or any functionally equivalent
term in a Permitted Revolver Refinancing First Lien Credit Agreement. 
 “First Lien Loan Documents” means the “Loan
Documents” as defined in the First Lien Credit Agreement or any functionally equivalent term in a Permitted Revolver Refinancing First Lien Credit Agreement. 

“First Lien Secured Obligations” means all “Secured Obligations” (as defined in the First Lien Credit Agreement) or
any functionally equivalent term under a Permitted Revolver Refinancing First Lien Credit Agreement that describes obligations thereunder that are secured by a Lien on Collateral that is prior to the Liens on the Collateral securing Notes issued
pursuant to this Agreement. 
 “First Offer” has the meaning assigned to such term in
Section 3.04(e). 
 “First Offer Deadline” has the meaning assigned to such term in
Section 3.04(e). 

  
 12 

 “Fiscal Quarter” means each fiscal quarter ending on the last day of each March,
June, September and December. 
 “Fiscal Year” means each fiscal year of the Issuer and its Subsidiaries for accounting and
tax purposes, ending on December 31 of each year. 
 “Flood Insurance Regulations” means (a) the National Flood
Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (b) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (c) the National Flood Insurance Reform Act
of 1994 (amending 42 USC § 4001, et seq.), as the same may be amended or recodified from time to time, (d) the Flood Insurance Reform Act of 2004, and (e) the Biggert-Waters Flood Reform Act of
2012, and any regulations promulgated thereunder. 
 “Foreign Subsidiary” means any Subsidiary that is not a Domestic
Subsidiary. 
 “GAAP” means generally accepted accounting principles in the United States of America as in effect from time
to time subject to the terms and conditions set forth in Section 1.05. 
 “Governmental
Authority” means the government of the United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the
European Central Bank). 
 “Governmental Requirement” means any law, statute, code, ordinance, order, determination, rule,
regulation, judgment, decree, injunction, franchise, permit, certificate, license, rules of common law, authorization or other directive or requirement, whether now or hereinafter in effect, of any Governmental Authority. 

“Guarantors” means each Note Party that guarantees the Obligations pursuant to Section 8.14(b).

 “Guaranty Agreement” means a Guaranty Agreement in form and substance acceptable to the Agent and the Requisite Holders
made by the Note Parties in favor of the Agent for the benefit of the Secured Parties, as the same may be amended, modified or supplemented from time to time. 

“Hazardous Material” means any substance regulated or as to which liability might arise under any applicable Environmental
Law including: (a) any chemical, compound, material, product, byproduct, substance or waste defined as or included in the definition or meaning of “hazardous substance,” “hazardous material,” “hazardous waste,”
“solid waste,” “toxic waste,” “extremely hazardous substance,” “toxic substance,” “contaminant,” “pollutant,” or words of similar meaning or import found in any applicable Environmental
Law; (b) Hydrocarbons, petroleum products, petroleum substances, natural gas, oil, oil and gas waste (including drilling fluids and any produced water), crude oil, and any components, fractions, or derivatives thereof; and (c) radioactive
materials, explosives, asbestos or asbestos containing materials, polychlorinated biphenyls, radon, infectious materials or medical wastes. 

“Hedge Receipts” means any Cash received by or paid to or for the account of any Note Party pursuant to any final settlement,
termination, unwinding or liquidation of any Swap Agreement in respect of commodities after giving effect to any netting agreements, and excluding in any event any regularly scheduled settlement payments and any payments applied towards amounts
outstanding under the First Lien Credit Facility to (a) eliminate any Borrowing Base Deficiency, in an amount equal to such Borrowing Base Deficiency or (b) pay other amounts due under the First Lien Credit Facility. 

  
 13 

 “Hedge Termination” means any final settlement, termination, unwinding or
liquidation of any Swap Agreement in respect of commodities, excluding in any event any regularly scheduled settlement payments; provided, that any such transaction generating net proceeds of $10,000 or less shall not constitute a Hedge Termination
hereunder. 
 “Highest Lawful Rate” means, with respect to each Holder, the maximum nonusurious interest rate, if any, that
at any time or from time to time may be contracted for, taken, reserved, charged or received on the Notes or on other Obligations under laws applicable to such Holder which are presently in effect or, to the extent allowed by law, under such
applicable laws which may hereafter be in effect and which allow a higher maximum nonusurious interest rate than applicable laws allow as of the date hereof. 

“Holders” means each Person listed on the signature pages hereto as a Holder, and any other Person that becomes a party
thereto as a Holder pursuant to an Assignment Agreement, other than any such Person that ceases to be a party hereto as a Holder pursuant to an Assignment Agreement. 

“Hydrocarbon Interests” means all rights, titles, interests and estates now or hereafter acquired in and to oil and gas
leases, oil, gas and mineral leases, or other liquid or gaseous hydrocarbon leases, mineral fee interests, overriding royalty and royalty interests, net profit interests and production payment interests, including any reserved or residual interests
of whatever nature. Unless otherwise indicated herein, each reference to the term “Hydrocarbon Interests” shall mean Hydrocarbon Interests of the Issuer or any other Note Party, as the context may require. 

“Hydrocarbons” means oil, gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate, liquid hydrocarbons,
gaseous hydrocarbons and all constituents, elements or compounds thereof and all products refined or separated therefrom. 

“Indemnified Taxes” means Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account
of any Obligation of any Note Party under any Note Document. 
 “Indemnitee” has the meaning assigned to such term in
Section 12.03(b). 
 “Initial Reserve Report” means, collectively, the report of Ryder Scott
Company Petroleum Consultants, L.P. with respect to the Oil and Gas Properties of the Note Parties dated as of June 30, 2017. 

“Institutional Investor” means (a) any Holder of a Note on the Effective Date, (b) any bank, trust company, savings
and loan association or other financial institution, any pension plan, any investment company, any insurance company, any broker or dealer, or any other similar financial institution or entity, regardless of legal form, (c) any Related Fund or
Affiliate of any Holder of any Note and (d) any other Person that is a Qualified Institutional Buyer (as defined in Rule 144A promulgated under the Securities Act, as presently in effect). 

“Intercreditor Agreement” means that certain Intercreditor Agreement, dated as of December 8, 2017, by and among the
Issuer, the other Note Parties, the Agent and the First Lien Administrative Agent, as such agreement may be amended, restated, supplemented or otherwise modified from time to time. 

“Interest” has the meaning assigned to such term in Section 3.02(a). 

“Interest Payment Date” means (a) each Quarterly Date and (b) the Maturity Date. 

“Investment” means, for any Person: (a) the acquisition (whether for Cash, Property, services or securities or
otherwise) of Equity Interests of any other Person or any agreement to make any such 

  
 14 

 
acquisition (including any “short sale” or any sale of any securities at a time when such securities are not owned by the Person entering into such short sale); (b) the making of
any deposit with, or advance, loan or capital contribution to, assumption of Debt of, purchase or other acquisition of any other Debt of or equity participation or interest in, or other extension of credit to, any other Person (including the
purchase of Property from another Person subject to an understanding or agreement, contingent or otherwise, to resell such Property to such Person, but excluding any such advance, loan or extension of credit having a term not exceeding ninety
(90) days representing the purchase price of goods or services sold by such Person in the ordinary course of business); (c) the purchase or acquisition (in one or a series of transactions) of Property of another Person that constitutes a
business unit or any agreement to make any such acquisition; (d) the entering into of any guarantee of, or other contingent obligation (including the deposit of any Equity Interests to be sold) with respect to, Debt or other liability of any
other Person and (without duplication) any amount committed to be advanced, lent or extended to such Person or (e) the purchase or acquisition of Oil and Gas Properties. 

“IRS” has the meaning assigned to such term in Section 5.03(e). 

“Issuer” has the meaning set forth in the preamble hereto. 

“Issuer LLC Agreement” means that certain Second Amended and Restated Limited Liability Company Agreement of the Issuer,
dated as of the date hereof and as in effect on the Effective Date. 
 “Issuer Preferred Units” means the Issuer Series A
Preferred Units and the Issuer Series B Preferred Units. 
 “Issuer Series A Preferred Units” means the “Series A
Preferred Units” as defined in the Issuer LLC Agreement and issued prior to the Effective Date (or issued at any time as payment in kind), which shall at all times be issued and outstanding in a like number, and with substantially the same
rights to dividends and distributions (including distributions upon liquidation) and other economic rights, as the Series A Preferred Stock of RRI. 

“Issuer Series B Preferred Units” means the “Series B Preferred Units” as defined in the Issuer LLC Agreement,
which shall at all times be issued and outstanding in a like number, and with substantially the same rights to dividends and distributions (including distributions upon liquidation) and other economic rights, as the Series B Redeemable Preferred
Stock of RRI. 
 “January 1 Reserve Report” has the meaning assigned to such term in
Section 8.12(a). 
 “Law” means any law(s) (including common law), constitution, statute, treaty,
regulation, rule, ordinance, opinion, issued guidance, release, ruling, order, executive order, injunction, writ, decree, bond, judgment, authorization or approval, lien or award of or any settlement arrangement, by agreement, consent or otherwise,
with any Governmental Authority, foreign or domestic. 
 “Lien” means any interest in Property securing an obligation owed
to, or a claim by, a Person other than the owner of the Property, whether such interest is based on the common law, statute or contract, and whether such obligation or claim is fixed or contingent, and including but not limited to (a) the lien
or security interest arising from a mortgage, encumbrance, pledge, security agreement, conditional sale or trust receipt or a lease, consignment or bailment for security purposes or (b) production payments and the like payable out of Oil and
Gas Properties. The term “Lien” shall include easements, restrictions, servitudes, permits, conditions, covenants, exceptions or reservations that burden Property to the extent they secure an obligation owed to a Person other than the
owner of the Property. For the purposes of this Agreement, the Note Parties shall be deemed to be the owner of any 

  
 15 

 
Property which they have acquired or hold subject to a conditional sale agreement, or leases under a financing lease or other arrangement pursuant to which title to the Property has been retained
by or vested in some other Person in a transaction intended to create a financing. 
 “Make-Whole Amount” means, with
respect to the Called Principal of any Note, an amount equal to the Discounted Value of the Remaining Scheduled Payments with respect to the Called Principal of such Note, provided that the Make-Whole Amount shall in no event be less than
zero. 
 “Make-Whole Expiry Date” has the meaning assigned to such term in Section 3.06(g). 

“Material Acquisition” means, at any time, any acquisition of Property or series of related acquisitions of Property
(including by way of merger or consolidation) that involves the payment of consideration by the Issuer and its Subsidiaries in excess of 5% of the then-existing Borrowing Base. 

“Material Adverse Effect” means any event, development or circumstance that has had or could reasonably be expected to have a
material adverse effect on (a) the business, operations, Property, assets, liabilities (actual or contingent) or financial condition of the Issuer and the other Note Parties taken as a whole, (b) the ability of the Issuer or any other Note
Party to perform any of its obligations under any Note Document to which it is a party, (c) the validity or enforceability of any Note Document, or (d) the rights and remedies of or benefits available to the Agent, any other Agent or any
Holder under any Note Document. 
 “Material Disposition” means, at any time, any disposition of Property or series of
related dispositions of Properties that yields gross proceeds to the Issuer or any of its Subsidiaries in excess of 5% of the then-existing Borrowing Base. 

“Material Indebtedness” means Debt (other than the Notes), or obligations in respect of one or more Swap Agreements, of any
one or more of any Note Party in an aggregate principal amount exceeding $2,000,000. For purposes of determining Material Indebtedness, the “principal amount” of the obligations of any Note Party in respect of any Swap Agreement at any
time shall be the Swap Termination Value. 
 “Maturity Date” means January 31, 2023. 

“Midstream Properties” means all tangible and intangible Property used in (a) gathering, compressing, treating,
processing and transporting Hydrocarbons; (b) fractionating and transporting Hydrocarbons; (c) marketing Hydrocarbons; including, without limitation, gathering lines and gathering systems, pipelines and pipeline systems, storage
facilities, liquid extraction plants, plant compressors, pumps, pumping units, field gathering systems, gas processing plants, saltwater disposal facilities; and (d) any other gathering, transportation, compression, storage, processing,
treating, dehydration, fractionation, generation, disposal or other similar assets related to the handling of Hydrocarbons, and together with surface leases,
rights-of-way, easements and servitudes related to each of the foregoing. Unless otherwise specified herein, “Midstream Properties” shall be deemed to
refer to such properties owned by the Issuer and its Subsidiaries. 
 “Minimum Mortgage Requirements” has the meaning
assigned to such term in Section 8.14(a). 
 “Moody’s” means Moody’s Investors Service,
Inc. and any successor thereto that is a nationally recognized rating agency. 

  
 16 

 “Mortgage” means the mortgages and deeds of trusts substantially in the form of
Exhibit I or such other form reasonably satisfactory to the Requisite Holders, as they may be amended, restated, supplemented or otherwise modified from time to time. 

“Mortgaged Property” means any Property owned by any Note Party which is subject to the Liens existing and to exist under the
terms of the Security Instruments. 
 “Multiemployer Plan” means a multiemployer plan, as defined in
Section 4001(a)(3) of ERISA, that is subject to Title IV of ERISA and to which the Issuer, a Subsidiary or an ERISA Affiliate is making or accruing an obligation to make contributions or was obligated to make contributions within the last six
(6) years. 
 “Net Asset Sale Proceeds” means, with respect to any Asset Sale, an amount equal to: (a) the sum of
Cash payments and Cash Equivalents received by the Issuer or any of its Subsidiaries from such Asset Sale (including any Cash or Cash Equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise,
but only as and when so received), minus (b) any bona fide costs and expenses (including, without limitation, legal, accounting and investment banking fees, and sales commissions) incurred in connection with such Asset Sale, including
income or gains Taxes paid or payable as a result of such Asset Sale (after taking into account any available tax credits or deductions and any tax-sharing arrangements) or reserves taken in respect of Taxes
and/or any Permitted Tax Distributions arising as a result thereof, (c) a reasonable reserve for any indemnification payments (fixed or contingent) attributable to seller’s indemnities and representations and warranties to purchaser in
respect of such Asset Sale undertaken by the Issuer or any other Note Party in connection with such Asset Sale; provided that upon release of any such reserve, the amount released shall be considered Net Asset Sale Proceeds, (d) any
other reasonable fees, costs and expenses payable by the Issuer or any other Note Party in connection with such Asset Sale, (e) payments applied toward amounts outstanding under Debt (other than the Notes and First Lien Credit Facility) to the
extent that it is secured by a Lien that is prior to the Lien created by the Security Instruments on the assets that are the subject of such Asset Sale and which must be repaid as a result of such Asset Sale and (f) payments applied towards
amounts outstanding under the First Lien Credit Facility to (i) eliminate any Borrowing Base Deficiency, in an amount equal to such Borrowing Base Deficiency or (ii) pay other amounts due under the First Lien Credit Facility. 

“Net Insurance/Condemnation Proceeds” means an amount equal to: (a) any Cash payments or Cash proceeds received by the
Issuer or any of its Subsidiaries (i) under any casualty, business interruption or “key man” insurance policies in respect of any Casualty Event, or (ii) as a result of a Casualty Event constituting the taking of any assets of
the Issuer or any of its Subsidiaries by any Person pursuant to the power of eminent domain, condemnation or otherwise, or pursuant to a sale of any such assets to a purchaser with such power directly under threat of such a taking in lieu thereof,
minus (b)(i) any actual and reasonable costs incurred by the Issuer or any of its Subsidiaries in connection with the adjustment or settlement of any claims of the Issuer or any of its Subsidiaries in respect thereof, (ii) amounts
expended to repair and/or replace Property subject to such Casualty Event, (iii) any bona fide direct costs incurred in connection with any sale of such assets as referred to in clause (a)(ii) of this definition,
including income or gains Taxes paid or payable as a result thereof (after taking into account any available tax credits or deductions and any tax-sharing arrangements) or reserves taken in respect of Taxes
and/or any Permitted Tax Distributions arising as a result thereof, (iv) payments applied to any Debt (other than the Notes) which is secured by a Lien upon any of the assets subject to such Casualty Event and which much be repaid as a result
of such Casualty Event, (v) payments applied toward amounts outstanding under Debt (other than the Notes and First Lien Credit Facility) to the extent that it is secured by a Lien that is prior to the Lien created by the Security Instruments on
the assets that are the subject of such Casualty Event and which must be repaid as a result of such Casualty Event and (vi) payments 

  
 17 

 
applied towards amounts outstanding under the First Lien Credit Facility to (i) eliminate any Borrowing Base Deficiency, in an amount equal to such Borrowing Base Deficiency or (ii) pay
other amounts due under the First Lien Credit Facility. 
 “Non-U.S. Holder” has
the meaning assigned to such term in Section 5.03(e). 
 “Note Documents” means this Agreement,
the Notes, the Security Instruments and all other certificates, documents, instruments or agreements executed and delivered by a Note Party for the benefit of the Agent or any Holder in connection herewith or pursuant to any of the foregoing. Any
reference in this Agreement or any other Note Document to a Note Document shall include all appendices, exhibits and schedules thereto, and all amendments, restatements, waivers, supplements or other modifications thereto. 

“Note Party” means the Issuer and each Guarantor. 

“Note Purchase” means a purchase by the Holders of Notes pursuant to Section 2.01. 

“Note Purchase Notice” means a written notice by the Issuer that it will issue Notes hereunder, which Note Purchase Notice
(a) sets forth the principal amount of Notes to be issued, (b) contains the information required by Section 2.03 and (c) is substantially in the form of Exhibit B or such other form
satisfactory to the Requisite Holders. 
 “Notes” means the notes of the Issuer described in
Section 2.02 and being substantially in the form of Exhibit A, together with all amendments, modifications, replacements, extensions and rearrangements thereof (such term shall also include any
such Notes in substitution therefore pursuant to Section 12.25 of this Agreement). 
 “NYMEX Pricing” shall mean, as
of any date of determination with respect to any month (i) for crude oil, the closing settlement price for the WTI Light, Sweet Crude Oil futures contract for each month, and (ii) for natural gas, the closing settlement price for the Henry
Hub Natural Gas futures contract for such month, in each case as published by New York Mercantile Exchange (NYMEX) on its website currently located at www.nymex.com or any successor thereto (as such pricing may be corrected or revised from time to
time by the NYMEX in accordance with its rules and regulations). 
 “Obligations” means all liabilities and obligations of
every type of each Note Party from time to time owed to the Agent (including any former Agent), the Holders, any Indemnitee, or any of them, in each case, under any Note Document to which it is a party, whether for principal, interest (including,
without limitation, interest accruing at any post-default rate and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, whether or not a claim for post-filing or
post-petition interest is allowed in such proceeding), fees, expenses, penalties, make-whole amounts (including the Make-Whole Amount), repayment premiums (including the Repayment Fee), Change in Control premiums (including the Change in Control
Premium), reimbursements, indemnification or otherwise and whether primary, secondary, direct, indirect, contingent, fixed or otherwise (including obligations of performance) and all renewals, extensions and/or rearrangements of any of the above.

 “OFAC” means the Office of Foreign Assets Control of the United States Department of the Treasury. 

“Oil and Gas Properties” means (a) Hydrocarbon Interests; (b) the Properties now or hereafter pooled or unitized
with Hydrocarbon Interests; (c) all presently existing or future unitization agreements, 

  
 18 

 
pooling agreements and declarations of pooled units and the units created thereby (including all units created under orders, regulations and rules of any Governmental Authority) which may affect
all or any portion of the Hydrocarbon Interests; (d) all operating agreements, contracts and other agreements, including production sharing contracts and agreements, which relate to any of the Hydrocarbon Interests or the production, sale,
transportation, purchase, exchange or processing of Hydrocarbons from or attributable to such Hydrocarbon Interests; (e) all Hydrocarbons in and under and which may be produced and saved or attributable to the Hydrocarbon Interests, including
all oil in tanks, and all rents, issues, profits, proceeds, products, revenues and other incomes from or attributable to the Hydrocarbon Interests; (f) all tenements, hereditaments, appurtenances and Properties in any manner appertaining,
belonging, affixed or incidental to the Hydrocarbon Interests and (g) all Properties, rights, titles, interests and estates described or referred to above, including any and all Property, real or personal, now owned or hereafter acquired and
situated upon, used, held for use or useful in connection with the operating, working or development of any of such Hydrocarbon Interests or Property (excluding drilling rigs, automotive equipment, rental equipment or other personal Property which
may be on such premises for the purpose of drilling a well or for other similar temporary uses) and including any and all oil wells, gas wells, injection wells or other wells, buildings, structures, fuel separators, liquid extraction plants, plant
compressors, pumps, pumping units, field gathering systems, gas processing plants and pipeline systems and any related infrastructure to any thereof, tanks and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers,
meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface leases, rights-of-way, easements and servitudes
together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing; provided that the Oil and Gas Properties shall not include any “building” or “mobile home” (each as
defined in Regulation H as promulgated by the Federal Reserve Board under the Flood Insurance Regulations). Unless otherwise indicated herein, each reference to the term “Oil and Gas Properties” means Oil and Gas Properties of the
Issuer or any other Note Party, as the context may require. 
 “Organizational Documents” means (a) with respect to
any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to such corporation’s jurisdiction); (b) with respect to any limited liability company, the
certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of
formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization
and, if applicable, any certificate or articles of formation or organization of such entity. 
 “Other Connection Taxes”
means with respect to any Credit Party, Taxes imposed as a result of a present or former connection between such Credit Party and the jurisdiction imposing such Tax (other than connections arising from such Credit Party having executed, delivered,
become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to, or enforced, any Note Document, or sold or assigned an interest in any Note
or Note Document). 
 “Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing
or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Note Document, except
any such Taxes that are Other Connection Taxes imposed with respect to an assignment. 
 “Participant” has the meaning
assigned to such term in Section 12.04(c). 

  
 19 

 “Participant Register” has the meaning assigned to such term in
Section 12.04(c). 
 “Patriot Act” has the meaning assigned to such term in
Section 12.16. 
 “Payment in Full” means (a) the irrevocable payment in full in Cash of all
principal, interest (including interest accruing during the pendency of an insolvency or liquidation proceeding, regardless of whether allowed or allowable in such insolvency or liquidation proceeding) and premium, if any, on all Notes outstanding
under this Agreement and (b) the irrevocable payment in full in Cash in respect of all other obligations or amounts that are outstanding under this Agreement (other than indemnity obligations for which notice of potential claim has not been
given). “Paid in Full” has the correlative meaning thereto. 
 “PBGC” means the Pension Benefit Guaranty
Corporation as defined in Title IV of ERISA, or any successor thereto. 
 “Permitted Equity Acquisition” means any
acquisition by the Issuer or any Guarantor of any Equity Interests of another Person which satisfies and/or is conducted in accordance with the following requirements: 

(a)    such acquisition is of a business or Person that owns Oil and Gas Properties; 

(b)    the business or Person so acquired shall (x) become a wholly-owned direct Subsidiary of the
Issuer or of a Guarantor and the Issuer or the applicable Guarantor shall cause such acquired business or Person to comply with Section 8.14 hereof or (y) provided that the Note Parties continue to comply with
Section 8.03 hereof, be merged with and into the Issuer or such a Guarantor (and, in the case of the Issuer, with the Issuer being the surviving entity); and 

(c)    after giving effect to such acquisition, the Issuer is in pro forma compliance with the Agreement.

 “Permitted Holders” means (a) Tema, (b) KLR Energy Sponsor, LLC and (c) their respective Affiliates. 

“Permitted Recipients” has the meaning assigned to such term in Section 12.11(a). 

“Permitted Revolver Refinancing” means any Debt in the form of a first lien reserve based credit facility of the Issuer the
net proceeds of which are used to refinance or replace a First Lien Credit Facility, in whole only, from time to time; provided that (a) the covenant, default and remedy provisions of such Debt are not materially more restrictive to the
Issuer and its Subsidiaries than those imposed by the First Lien Credit Agreement, unless such provisions are proposed by the Issuer to be incorporated into the applicable Note Documents and are so incorporated, (b) the mandatory prepayment,
repurchase and redemption provisions of such Debt are not materially more restrictive to the Issuer and its Subsidiaries than those imposed by the First Lien Credit Agreement as in effect on the Effective Date, (c) the make-whole and prepayment
premium provisions of such Debt are not more restrictive to the Issuer and its Subsidiaries than those imposed by the First Lien Credit Agreement as in effect on the Effective Date, (d) such Debt is subject to the Intercreditor Agreement,
(e) no Subsidiary of the Issuer is required to guarantee or secure such Debt unless such Subsidiary is (or concurrently with any such guarantee becomes) a Guarantor hereunder, (f) such Debt and the terms of such Debt are permitted under
Section 9.02(l) and Section 9.23 and (g) such Permitted Revolver Refinancing shall be limited to a reserve-based credit agreement determined or
re-determined by the First Lien Lenders, subject to a “borrowing base”. 

  
 20 

 “Permitted Revolver Refinancing First Lien Credit Agreement” means a credit
agreement among the Issuer, as borrower, First Lien Administrative Agent, as administrative agent, and the other lenders and parties party thereto from time to time as amended, restated, modified or supplemented from time to time, in each case,
subject to the Intercreditor Agreement and the terms hereof. 
 “Permitted Tax Distribution” means, with respect to any
taxable period during which the Issuer is a pass-through entity for United States federal income tax purposes (including, for the avoidance of doubt, a disregarded entity not treated as separate from its
owner) Restricted Payments to holders of equity in the Issuer, made on a pro rata basis in accordance with the number of common units in the Issuer owned by each such holder, in an aggregate amount such that each such equity holder receives an
amount of Restricted Payments necessary to enable such equity holder (and its direct and indirect owners) to pay its U.S. federal, state and/or local and non-U.S. income taxes (as applicable) attributable to
its direct or indirect ownership of the Issuer with respect to such taxable period (assuming that each such equity holder (or its direct and indirect owners) is subject to tax at the highest combined marginal U.S. federal, state, and/or local income
tax rate applicable to any such equity holder (or its direct and indirect owners) for such taxable period (including any tax rate imposed on “net investment income” by Section 1411 of the Code and excluding the deductibility of state
and local income taxes for U.S. federal income tax purposes), and taking into account the alternative minimum tax, any cumulative net taxable loss of the Issuer for prior taxable periods to the extent such loss is of a character that would allow
such loss to be available to such equity holders (or their direct and indirect owners) to reduce such attributable taxes of such equity holders (or their direct and indirect owners) in the current taxable period (taking into account any limitations
on the utilization of such loss by such equity holders to reduce such attributable taxes and assuming such loss had not already been utilized) and the character (e.g., long-term or short-term capital gain or ordinary or exempt) of the applicable income); provided, that if the sum of the amount of U.S. federal, state and local and non-U.S. tax
liabilities of RRI for such taxable period and the amount of RRI’s obligations under the Tax Receivable Agreement relating to such taxable period exceeds the amount of Permitted Tax Distributions payable to RRI calculated as set forth above,
then the equity holders shall be entitled to receive additional Restricted Payments (each, an “Excess Tax Distribution”), made on a pro rata basis in accordance with the number of common units in the Issuer owned by each such
holder, in an aggregate amount such that RRI receives an additional amount of Restricted Payments equal to such excess. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or other entity. 
 “Plan” means any employee pension benefit plan, as defined in
Section 3(2) of ERISA that is subject to Title IV of ERISA but excluding any Multiemployer Plan, which (a) is currently or hereafter sponsored, maintained or contributed to by the Issuer, a Subsidiary or an ERISA Affiliate or (b) was
at any time during the six calendar years preceding the date hereof, sponsored, maintained or contributed to by the Issuer or a Subsidiary or an ERISA Affiliate. 

“Pro Rata Share” means, as to any Holder, with respect to: 

(a)    Section 2.01, the percentage obtained by dividing (i) the Commitments of that Holder by
(ii) the aggregate Commitments of all the Holders; and 
 (b)    all payments, computations and
other matters relating to the Notes of any Holder, the percentage obtained by dividing (i) the Exposure of that Holder by (ii) the aggregate Exposure of all the Holders. 

  
 21 

 “Prohibited Transaction” has the meaning assigned to such term in
Section 406 of ERISA and Section 4975(c) of the Code. 
 “Property” means any interest in any kind of property or
asset, whether real, personal or mixed, or tangible or intangible, including Cash, securities, accounts and contract rights. 

“Proved Developed Non-Producing Reserves” has the meaning assigned such term in the
SPE Definitions. 
 “Proved Developed Producing Reserves” has the meaning assigned such term in the SPE Definitions. 

“Proved Oil and Gas Properties” means, with respect to any Person at the time of determination, the Oil and Gas Properties of
such Person constituting Proved Reserves. 
 “Proved Reserves” has the meaning assigned such term in the SPE Definitions.

 “Proved Undeveloped Reserves” has the meaning assigned such term in the SPE Definitions. 

“Public Company” has the meaning assigned to such term in Section 12.11(b). 

“Public Company Information” has the meaning assigned to such term in Section 12.11(b). 

“Purchase Money Security Interest” shall mean Liens upon tangible personal property securing loans to any Note Party or
Subsidiary of a Note Party or deferred payments by such Note Party or Subsidiary for the purchase of such tangible personal property. 

“PV-9” means (a) prior to the Discharge of First Lien Non-Excluded Obligations, the meaning given to such term in the First Lien Credit Agreement or any functionally equivalent term in a Permitted Revolver Refinancing First Lien Credit Agreement and (b) following
the Discharge of First Lien Non-Excluded Obligations, with respect to the Proved Reserves constituting Oil and Gas Properties of the Note Parties, the net present value of future cash flows (discounted at nine
percent (9%) per annum) calculated by the Issuer in accordance with its reasonable judgment and consistent with past practice (including using the Strip Price and costs determined in accordance with the definition of Reserve Report) based on the
information from the Initial Reserve Report or most recent Reserve Report delivered by the Issuer pursuant to Section 8.12, but provided that each calculation of such expected future cash flow shall be made in
accordance with the then existing standards of the Society of Petroleum Engineers, provided that in any event (i) appropriate deductions shall be made for severance and ad valorem taxes, and for operating, gathering, transportation and
marketing costs required for the production and sale of such reserves (provided that to the extent consistent with the Initial Reserve Report, certain gathering and transportation costs shall not be subject to a markup and shall be run at
cost), (ii) appropriate adjustments to the Strip Price shall be made for commodity and basis hedging activities permitted by this Agreement for the volumes actually hedged and (iii) the cash-flows derived from the pricing assumptions set
forth in clause (b) above shall be further adjusted to account for the forward-looking differential. 

“Qualified Equity Proceeds” has the meaning assigned to such term in Section 9.05(k). 

“Qualified Institutional Buyer” as defined in Section 13.11. 

“Quarterly Date” means the last Business Day of each Fiscal Quarter of the Issuer and if such day is not a Business Day, then
the next succeeding Business Day. 

  
 22 

 “RBL Reserve Report” shall mean a “Reserve Report” as defined under
the First Lien Credit Agreement or any functionally equivalent term in a Permitted Revolver Refinancing First Lien Credit Agreement. 

“RCRA” has the meaning assigned to such term within the definition of “Environmental Laws.” 

“Recipient” has the meaning assigned to such term in Section 12.11(a). 

“Reclassified Units” has the meaning assigned to such term in Section 7.02(m). 

“Redemption” means with respect to any Debt, the repurchase, redemption, prepayment, repayment, defeasance or any other
acquisition or retirement for value (or the segregation of funds with respect to any of the foregoing) of such Debt. “Redeem” has the correlative meaning thereto. 

“Register” has the meaning assigned to such term in Section 2.04(b). 

“Regulation D” means Regulation D of the Board, as the same may be amended, supplemented or replaced
from time to time. 
 “Reinvestment Yield” means, with respect to the Called Principal of any Note, 50 basis points (one-half of one percent) over the yield to maturity implied by (a) the yields reported as of 10:00 a.m. (New York, New York time) on the second Business Day preceding the Settlement Date with respect to such
Called Principal, on the display designated as “Page PX1” (or such other display as may replace Page PX1 on Bloomberg) or, if Page PX1 (or its successor screen on Bloomberg) is unavailable, the Telerate Access Service screen which
corresponds most closely to Page PX1 for the most recently issued actively traded U.S. Treasury securities having a maturity equal to the Remaining Life of such Called Principal as of such Settlement Date, or (b) if such yields are not reported
as of such time or the yields reported as of such time are not ascertainable (including by way of interpolation), the Treasury Constant Maturity Series Yields reported, for the latest day for which such yields have been so reported as of the second
Business Day preceding the Settlement Date with respect to such Called Principal, in Federal Reserve Statistical Release H.15 (519) (or any comparable successor publication) for actively traded U.S. Treasury securities having a constant maturity
equal to the Remaining Life of such Called Principal as of such Settlement Date. Such implied yield will be determined, if necessary, by (i) converting U.S. Treasury bill quotations to bond equivalent yields in accordance with accepted
financial practice and (ii) interpolating linearly between (A) the actively traded U.S. Treasury security with the maturity closest to and greater than such Remaining Life and (B) the actively traded U.S. Treasury security with the
maturity closest to and less than such Remaining Life. The Reinvestment Yield shall be rounded to two decimal places. 
 “Related
Fund” means, with respect to any Holder that is an investment fund, any other investment fund that invests in similar commercial loans and that is managed, advised or sub-advised by or affiliated with
the same investment advisor as such Holder or by an Affiliate of such investment advisor. Related Fund shall, with respect to any Holder, also include any swap, special purpose vehicles purchasing or acquiring security interests in collateralized
loan obligations of such Holder or any other vehicle through which such Holder’s investment advisors may leverage its investments from time to time. 

“Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors,
officers, employees, agents and advisors (including attorneys, accountants and experts) of such Person and such Person’s Affiliates. 

  
 23 

 “Release” means any depositing, spilling, leaking, pumping, pouring, placing,
emitting, discarding, abandoning, emptying, discharging, migrating, injecting, escaping, leaching, dumping, or disposing. 

“Remaining Life” means, with respect to any Called Principal, the number of years (calculated to the nearest one-twelfth year) that will elapse between the Settlement Date with respect to such Called Principal and the Make-Whole Expiry Date. 

“Remaining Scheduled Payments” means, with respect to the Called Principal of any Note, all payments of Interest in respect
of such Called Principal that would be due after the Settlement Date through the Make-Whole Expiry Date with respect to such Called Principal if no payment of such Called Principal were made. 

“Remedial Work” has the meaning assigned to such term in Section 8.10(a). 

“Repayment Fee” has the meaning assigned to such term in Section 3.06(g). 

“Reportable Event” means any of the events described in Section 4043(c) of ERISA and the regulations issued thereunder
with respect to a Plan other than a Reportable Event as to which the provision of 30 days’ notice to the PBGC has been waived. 

“Requisite Holders” means the Holders having or holding Exposure representing more than fifty percent (50%) of the sum of the
aggregate Exposure of all the Holders. 
 “Reserve Report” means, (a) prior to the Discharge of First Lien Non-Excluded Obligations, an RBL Reserve Report; provided that in addition to the calculations based upon any pricing prescribed by the First Lien Credit Agreement such report shall include parallel
calculations based upon the Strip Price, and (b) after the Discharge of First Lien Non-Excluded Obligations, a report, in form, scope and content acceptable to the Requisite Holders, setting forth the
updated estimates of Proved Developed Producing Reserves, Proved Developed Non-Producing Reserves, Proved Undeveloped Reserves and projected production profiles and overall economics of the Note Parties’
Oil and Gas Properties, together with a projection of the rate of production and future cash flows as of such date, based on the following pricing assumptions: (i) oil and gas prices will be reasonably determined by the Requisite Holders based
on the then current Strip Price, which pricing will be adjusted to reflect location, BTU content and quality differentials and hedging arrangements then in place; (ii) taking into account the Issuer’s or the applicable operator’s
actual experiences with leasehold operating expenses and other costs in determining projected leasehold operating expenses and other costs; (iii) identifying and taking into account any “over-produced” or “under-produced”
status under gas balancing arrangements; and (iv) the Issuer’s internally prepared Reserve Report will use similar means and methodologies as the Approved Petroleum Engineers. 

“Reserve Report Certificate” has the meaning set forth in Section 8.12(b). 

“Responsible Officer” means, as to any Person, the chief executive officer, the president or any Financial Officer of such
Person. Unless otherwise specified, all references to a Responsible Officer herein shall mean a Responsible Officer of the Issuer. 

“Restricted Payment” means any dividend or other distribution or return of capital (whether in cash, securities or other
Property) with respect to any Equity Interests in any Person, or any payment (whether in cash, securities or other Property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, conversion,
cancellation or termination of any such Equity Interests. 

  
 24 

 “Revolving Credit Exposure” means, with respect to any First Lien Lender at any
time, the sum of the outstanding principal amount of such First Lien Lender’s Loans (as defined in the First Lien Credit Agreement or any such functionally equivalent term as defined in any Permitted Revolver Refinancing First Lien Credit
Agreement) and its LC Exposure (as defined in the First Lien Credit Agreement or any such functionally equivalent term as defined in any Permitted Revolver Refinancing First Lien Credit Agreement) at such time. 

“RRI” has the meaning set forth in the preamble hereto. 

“RRI Certificate of Designations” means the Certificate of Designations of the Series B Redeemable Preferred Stock of RRI
among RRI and the purchasers party thereto, dated and as in effect as of the Effective Date. 
 “S&P” means
Standard & Poor’s Ratings Group, a division of The McGraw-Hill Companies, Inc., and any successor thereto that is a nationally recognized rating agency. 

“Sanctioned Country” means, at any time, a country, region or territory which is itself the subject or target of any
Sanctions (as of the Effective Date, Crimea, Cuba, Iran, North Korea, Sudan and Syria). 
 “Sanctioned Person” means, at
any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC or the U.S. Department of State, (b) any Person operating, organized or resident in a Sanctioned
Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b). 

“Sanctions” means all economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time
by the U.S. government, including those administered by OFAC or the U.S. Department of State. 
 “SEC” means the Securities
and Exchange Commission or any successor Governmental Authority. 
 “Second Offer” has the meaning assigned to such term in
Section 3.04(e). 
 “Second Priority” means, with respect to any Lien purported to be created in
any Collateral pursuant to any Security Instruments, that such Lien (a) is the only Lien to which such Collateral is subject at the time such Lien is created other than (i) subject to the terms of the Intercreditor Agreement, Liens in
favor of the First Lien Administrative Agent under the First Lien Collateral Documents and (ii) Excepted Liens and other Liens permitted under Section 9.03 and (b) is contractually subordinated only to the Lien in
favor of the First Lien Administrative Agent as set forth in the Intercreditor Agreement. 
 “Secured Parties” means,
collectively, the Agent, each Holder, each Indemnitee, each other Agent, and any other Person owed Obligations and “Secured Party” means any of them individually. 

“Securities Act” means the Securities Act of 1933. 

“Security Agreement” means a Security Agreement in form and substance acceptable to the Agent and the Requisite Holders made
by the Note Parties party thereto in favor of the Agent for the benefit of the Secured Parties, as the same may be amended, restated, modified or supplemented from time to time. 

  
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 “Security Instruments” means each Account Control Agreement, the Guaranty
Agreement, the Mortgages, the Security Agreement, the Intercreditor Agreement and all other instruments, documents and agreements delivered by any Note Party pursuant to this Agreement or any of the other Note Documents in order to (a) grant to
the Agent, for the benefit of the Secured Parties, a Lien on any Collateral or (b) set forth the relative priorities of any Lien on any Collateral, as any of the foregoing may be amended, restated, supplemented or otherwise modified from time
to time. 
 “Senior Unsecured Notes” means unsecured senior, senior subordinated or subordinated Debt consisting of notes
or bonds issued by the Issuer or a Guarantor, provided that (a) no Default or Event of Default has occurred and is continuing under this Agreement or would result from such incurrence of Debt, (b) the maturity date of such Debt shall not
occur before one hundred eighty (180) days after the Maturity Date, (c) there shall be no scheduled principal amortization, prepayments, redemptions, defeasance, tender, sinking fund or repurchase obligations prior to the Maturity Date,
and (d) the covenants, events of default, guarantees and other terms of such Debt, taken as a whole, are not more restrictive on the Issuer and its Subsidiaries than the terms of this Agreement (as in effect at the time of such issuance or
incurrence); provided that a certificate of a Responsible Officer of the Issuer delivered to the Agent and the Holders at least five Business Days prior to the incurrence or issuance of such Debt, together with a reasonably detailed
description of the material terms and conditions of such Debt or drafts of the documentation relating thereto, stating that the Issuer has determined in good faith that such terms and conditions satisfy the foregoing requirements shall be conclusive
evidence that such terms and conditions satisfy the foregoing requirements unless the Agent (acting upon the written instruction of the Requisite Holders) notifies the Issuer within such five Business Day period that it disagrees with such
determination (including a reasonable description of the basis upon which it disagrees). 
 “Senior Unsecured Notes
Documents” means, with respect to any Senior Unsecured Notes, each indenture or other agreement pursuant to which such Senior Unsecured Notes is issued or incurred, and any notes, certificates, security agreement, mortgage or other
documents made or delivered by the Issuer or any Subsidiary in connection with such Senior Unsecured Notes, as the same may be amended, modified or supplemented in accordance with Section 9.21. 

“Series A Preferred Stock” means the 8.000% Series A Cumulative Perpetual Convertible Preferred Stock of RRI. 

“Series B Redeemable Preferred Stock” means “Series B Preferred Stock” as defined in the Series B Redeemable
Preferred Stock Purchase Agreement. 
 “Series B Redeemable Preferred Stock Issuance” means the issuance by RRI of its Base
Series B Preferred Shares, which issuance is to occur on the terms set forth in the Series B Redeemable Preferred Stock Purchase Agreement as of the Effective Date. 

“Series B Redeemable Preferred Stock Purchase Agreement” means that certain Series B Redeemable Preferred Stock Purchase
Agreement among RRI and the purchasers party thereto, dated and as in effect as of the Effective Date. 
 “Settlement Date”
means, with respect to the Called Principal of any Note, the date on which such Called Principal is to be prepaid pursuant to Section 3.03 or Section 3.04 as the context requires. 

  
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 “Solvent” means that as of any date of determination, (a) the aggregate
assets (after giving effect to amounts that could reasonably be received by reason of indemnity, offset, insurance or any similar arrangement), at a fair valuation, of the Issuer and its Subsidiaries taken as a whole, will exceed the aggregate Debt
of the Issuer and its Subsidiaries taken as a whole, as such Debt becomes absolute and matures, (b) none of the Issuer nor any of its Subsidiaries will have incurred or intended to incur, Debt beyond its ability to pay such Debt (after taking
into account the timing and amounts of cash to be received by the Issuer or any such Subsidiary and the amounts to be payable on or in respect of its liabilities on a consolidated basis, and giving effect to amounts that could reasonably be received
by reason of indemnity, offset, insurance or any similar arrangement) as such Debt becomes absolute and matures and (c) none of the Issuer nor its Subsidiaries will have (and will have no reason to believe that it will have thereafter)
unreasonably small capital for the conduct of its business. 
 “SPE Definitions” means, with respect to any term, the
definition thereof adopted by the Board of Directors, Society for Petroleum Engineers (SPE) Inc., March 1997. 
 “Specified
Offer” has the meaning assigned to such term in Section 3.04(a)(ii). 
 “Strip Price”
shall mean, at any time, (a) for the remainder of the current calendar year, the average NYMEX Pricing for the remaining contracts in the current calendar year, (b) for each of the succeeding four complete calendar years, the average NYMEX
Pricing for the twelve months in each such calendar year, and (c) for the succeeding fifth complete calendar year, and for each calendar year thereafter, the average NYMEX Pricing for the twelve months in such fifth calendar year. 

“Subsidiary” means as to any Person, a corporation, partnership, limited liability company or other entity of which shares of
stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers
of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise qualified, all
references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a direct or indirect Subsidiary or Subsidiaries of the Issuer. 

“Swap Agreement” means any agreement with respect to any swap, cap, collar, forward, future or derivative transaction 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, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, 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) 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 any Note Party shall be a Swap Agreement. 
 “Swap
Termination Value” means, in respect of any one or more Swap Agreements, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Agreements, (a) for any date on or after the date such
Swap Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s) and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Agreements, as determined by the counterparties to such Swap Agreements. 

“Synthetic Leases” means, in respect of any Person, all leases which shall have been, or should have been, in accordance with
GAAP, treated as operating leases on the financial statements of the Person 

  
 27 

 
liable (whether contingently or otherwise) for the payment of rent thereunder and which were properly treated as indebtedness for borrowed money for purposes of U.S. federal income taxes, if the
lessee in respect thereof is obligated to either purchase for an amount in excess of, or pay upon early termination an amount in excess of, 80% of the residual value of the Property subject to such operating lease upon expiration or early
termination of such lease. 
 “Tax Receivable Agreement” means that certain Tax Receivable Agreement dated as of
April 27, 2017 by and among RRI, Tema and its successors and permitted assigns, as the “TRA Holders,” and Tema or such other Person designated as the agent under such agreement as the “Agent”. 

“Tax on the Overall Net Income” of a Person means any net income (however denominated), franchise or branch profits Tax
imposed on a Person by the jurisdiction in which a Person is organized or in which that Person’s applicable principal office (and/or, in the case of a Holder, its Applicable Office) is located or in which that Person (and/or, in the case of a
Holder, its Applicable Office) has a connection or is otherwise deemed to be doing business (other than a jurisdiction in which such Person is treated as having a connection or doing business solely as a result of its entering into any Note Document
or its participation in the transactions governed thereby). 
 “Tax Related Person” means any Person (including a
beneficial owner of an interest in a pass-through entity) who is required to include in income amounts realized (whether or not distributed) by the Agent, a Holder or any Tax Related Person of any of the foregoing. 

“Taxes” means any and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings imposed,
collected or withheld by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Tema” means Tema Oil and Gas Company, a Maryland corporation or its Affiliates. 

“Total Funded Debt” means, at any date, all Debt of the Issuer and its Consolidated Subsidiaries on a consolidated basis,
excluding all obligations under or in respect of any Issuer Preferred Units so long as such obligations are not classified as debt under GAAP or no mandatory redemption payment is then due. 

“Transactions” means, collectively, (a) the execution, delivery and performance by RRI of this Agreement, (b) the
execution, delivery and performance by the Issuer of this Agreement, each other Note Document to which it is a party, the sale of the Notes, the use of the proceeds thereof, the Issuer’s grant of the security interests and provision of
Collateral under the Security Instruments, and the Issuer’s grant of Liens on Mortgaged Properties (if applicable) and other Properties pursuant to the Security Instruments, (c) the execution, delivery and performance by such Note Party of
each Note Document to which it is a party, the guaranteeing of the Obligations and the other obligations under the Guaranty Agreement by such Note Party and such Note Party’s grant of the security interests and provision of Collateral under the
Security Instruments, and the grant of Liens by such Guarantor on Mortgaged Properties (if applicable) and other Properties pursuant to the Security Instruments, (d) the Whitehorse Asset Acquisition and (e) the Series B Redeemable
Preferred Stock Issuance. 
 “U.S. Person” means a Person that is a “United States person” as defined in
Section 7701(a)(30) of the Code. 
 “U.S. Tax Compliance Certificate” has the meaning assigned to such term in
Section 5.03(e)(iii). 

  
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 “Whitehorse Acquisition Agreement” means that certain Purchase and Sale
Agreement, dated as of October 24, 2017, by and among, Whitehorse Energy, LLC, a Delaware limited liability company, Whitehorse Energy Delaware, LLC, a Delaware limited liability company, Whitehorse Delaware Operating, LLC, Delaware limited
liability company, Siltstone Resources II - Permian, LLC, a Delaware limited liability, Siltstone Resources II-B-Permian, LLC, a Delaware limited liability, Rosehill
Resources Inc., a Delaware corporation, and the Issuer. 
 “Whitehorse Asset Acquisition” means the acquisition of the
Whitehorse Assets. 
 “Whitehorse Assets” means the Oil and Gas Properties and other related assets acquired pursuant to
the Whitehorse Acquisition Agreement. 
 “Wholly-Owned Subsidiary” means any
Subsidiary of which all of the outstanding Equity Interests (other than any directors’ qualifying shares mandated by applicable law), on a fully-diluted basis, are owned by the Issuer, the Guarantors
and/or one or more of the Wholly-Owned Subsidiaries. 
 “Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to
time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU
Bail-In Legislation Schedule. 

Section 1.03    [Reserved]. 

Section 1.04    Terms Generally; Rules of Construction. The definitions of
terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”,
“includes” and “including” shall be deemed to be followed by the phrase “without limitation”, and the word “or” is not exclusive. The word “will” shall be construed to have the same meaning and
effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document
as from time to time amended, supplemented, restated or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth in the Note Documents), (b) any reference herein to any law shall be construed as
referring to such law as amended, modified, codified or reenacted, in whole or in part, and in effect from time to time, (c) any reference herein to any Person shall be construed to include such Person’s successors and assigns (subject to
the restrictions contained in the Note Documents), (d) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any
particular provision hereof, (e) with respect to the determination of any time period, the word “from” means “from and including” and the word “to” and “until” means “to but excluding” and the
word “through” means “to and including” and (f) any reference herein to Articles, Sections, Annexes, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Annexes, Exhibits and Schedules to,
this Agreement. No provision of this Agreement or any other Note Document shall be interpreted or construed against any Person solely because such Person or its legal representative drafted such provision. 

Section 1.05    Accounting Terms and Determinations; GAAP. Unless otherwise
specified herein, all accounting terms used herein shall be interpreted, all determinations with respect to accounting matters hereunder shall be made, and all financial statements and certificates and reports as to financial matters required to be
furnished to the Agent or the Holders hereunder shall be prepared, in accordance with GAAP, applied on a basis consistent with the initial financial statements delivered under Section 8.01, except for changes in which RRI’s independent
certified public accountants concur and which are disclosed to the Agent on the next date on which financial statements are required to be delivered to the 

  
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Holders pursuant to Section 8.01(a); provided that, unless the Issuer and the Requisite Holders shall otherwise agree in writing, no such change shall modify or affect the manner in which
compliance with the covenants contained herein is computed such that all such computations shall be conducted utilizing financial information presented consistently with prior periods. Notwithstanding anything in this Agreement or any other Note
Document to the contrary, (a) for the purposes of calculating compliance with any covenant in this Agreement or any other Note Document, no effect shall be given to any change in GAAP arising out of a change described in the Proposed Accounting
Standards Update to Leases (Topic 840) dated August 17, 2010 or a substantially similar pronouncement and (b) if the Issuer notifies the Agent in writing that the Issuer wishes to amend any financial covenant in Section 9.01, any
related definition to eliminate the effect of any change in GAAP occurring after the Effective Date on the operation of such financial covenants (or if the Agent notifies the Issuer in writing that the Requisite Holders wish to amend any financial
covenant in Section 9.01, any related definition to eliminate the effect of any such change in GAAP), then the Agent and the Issuer shall negotiate in good faith to amend such ratios or requirements to preserve the original intent thereof in
light of such change in GAAP (subject to the approval of the Requisite Holders); provided that, until so amended, the Note Parties’ compliance with such covenants shall be determined on the basis of GAAP in effect immediately before the
relevant change in GAAP became effective, until either such notice is withdrawn or such covenants or definitions are amended in a manner satisfactory to the Issuer and the Requisite Holders, and the Note Parties shall provide to the Agent, when they
deliver their financial statements pursuant to under Sections 8.01(a) and 8.01(b) of this Agreement, such reconciliation statements as shall be reasonably requested by the Agent or the Requisite Holders. 

ARTICLE II 

PURCHASE OF THE NOTES 
 
Section 2.01    Note Purchase. Subject to the terms and conditions set forth herein and relying upon the representations and warranties herein set forth, on the Effective Date, the Issuer shall issue to each
Holder, and each Holder shall purchase from the Issuer (so long as all conditions precedent required hereby shall have then been satisfied or waived), a Note in the aggregate principal amount equal to such Holder’s Pro Rata Share of
$100,000,000, to be purchased net of three percent (3.0%) discount. Such discount shall be treated as original issue discount for U.S. federal income tax purposes. 

Section 2.02    The Notes. The obligation of the Issuer to repay to each
Holder the aggregate amount of all Notes held by such Holder, together with interest accruing in connection therewith, shall be evidenced by Notes, as applicable, made by the Issuer payable to such Holder or its registered assigns with appropriate
insertions. Interest on each Note shall accrue and be due and payable as provided herein. Each Note shall be due and payable as provided herein and shall be due and payable in full on the Maturity Date. The Issuer may not reissue any portion of any
Note that has been repaid. 
 Section 2.03    Request for Notes. The Issuer
must give to the Agent written or electronic notice in the form of the Note Purchase Notice (or telephonic notice promptly confirmed in writing in the form of the Note Purchase Notice) of the requested Notes to be issued to, and purchased by, the
Holders on the Effective Date. Such Note Purchase Notice must: 
 (i)    specify the aggregate amount of
such Note Purchase (which shall be $100,000,000) and the date on which such Notes are to be purchased; 

(ii)    specify the location and number of the Issuer’s account to which funds are to be disbursed;
and 

  
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 (iii)    be received by the Agent no later than 10:00 a.m.,
New York, New York time, five (5) Business Days prior to the date on which the Notes are to be purchased. 
 Such written request or confirmation must
be made in the form and substance of the Note Purchase Notice, duly completed. A telephonic request (if any) shall be deemed a representation, warranty, acknowledgment and agreement by the Issuer as to the matters that are required to be set out in
such written confirmation. Upon receipt of such Note Purchase Notice, the Agent shall give each Holder prompt notice of the terms thereof. If all conditions precedent to such new Notes have been met, each Holder will on the date requested promptly
remit to the Agent, at the Agent’s Account, the amount of such Holder’s Note in immediately available funds, and upon receipt of such funds, the Agent shall promptly make such funds available to the Issuer and the Issuer will deliver such
Notes to the Agent or counsel for the Holders who shall promptly make such Notes available to each Holder. The failure of any Holder to purchase any Note hereunder shall not relieve any other Holder of its obligation hereunder, if any, to purchase
its Note, but no Holder shall be responsible for the failure of any other Holder to purchase any Note hereunder. 
 
Section 2.04    Evidence of Debt; Register; the Holder’s Books and Records; Notes. 

(a)    The Holder’s Evidence of Indebtedness. Each Holder shall maintain in its internal
records an account or accounts evidencing the Obligations of the Issuer to such Holder, including the amounts of the Notes held by such Holder and each repayment and prepayment in respect thereof. The failure to make any such recordation, or any
error in such recordation, shall not affect any Obligations in respect of any applicable Notes. In the event of any inconsistency between the Register and any Holder’s records, the recordations in the Register shall govern. 

(b)    Register. The Agent shall maintain at Agent’s Office a register for the recordation of
the names and addresses of the Holders and principal amounts (and stated interest) of the Notes owing to, each Holder pursuant to the terms hereof from time to time (the “Register”). The Register shall be available for inspection by
the Issuer, and a redacted version of the Register showing the entries with respect to any Holder shall be available for inspection by such Holder, at any reasonable time and from time to time upon reasonable prior notice. The entries in the
Register shall be conclusive and binding on the Note Parties, the Agent and each Holder, absent manifest error; provided, failure to make any such recordation, or any error in such recordation, shall not affect the Note Parties’ Obligations in
respect of any Note. The Issuer, the Agent and the Holders shall treat each Person in whose name any Note shall be registered as the owner and the Holder thereof for all purposes hereof. The Issuer hereby designates the entity serving as Agent to
serve as the Issuer’s agent solely for purposes of maintaining the Register as provided in this Section 2.04(b), and the Agent shall be entitled to all of the rights, privileges and immunities afforded to it hereunder
in the performance of such duties. 
 Article III 

Payments of Principal and Interest; Prepayments; Fees 

Section 3.01    Repayment of the Notes. If any principal or interest amount
payable under the Notes remains outstanding on the Maturity Date, such amount will be paid in full by the Issuer to the Agent on behalf of the Holders in immediately available funds on the Maturity Date, together with any amounts required to be paid
pursuant to Section 3.02 and Section 3.06(g). 

Section 3.02    Interest; Fees. 

  
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 (a)    Interest. Each Note shall at all times bear
interest at a rate equal to 10.00% per annum (the “Applicable Rate”) (as such amount may be increased pursuant to Section 3.02), paid in cash (“Interest”). 

(b)    Interest Payment Dates. Interest on each Note shall be due and payable on each Interest
Payment Date to the Holders of record in the Register on such Interest Payment Date; provided that, if Interest on any Note is required to be paid on any Settlement Date pursuant to Section 3.03 or
Section 3.04, and such Settlement Date is not a Quarterly Date, then the amount of Interest due and payable on the next succeeding Interest Payment Date will be reduced by the amount of interest accrued to such Settlement
Date and required to be paid on such Settlement Date pursuant to such Section 3.03 or Section 3.04. All interest payable hereunder shall be computed on the basis of a year of 360 days, unless such
computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and shall be payable for the actual number of days elapsed (including the first day but
excluding the last day). 
 (c)    Default Interest. Notwithstanding the foregoing, (i) if an
Event of Default under Sections 10.01(a), (b), (h) or (i) has occurred and is continuing the principal amount of all Notes outstanding and, to the extent permitted by applicable law, any due and unpaid interest
payments on the Notes or any fees or other amounts due and owing hereunder (other than default interest occurring under this Section 3.02(c)) shall thereafter bear interest (including post-petition interest in any
proceeding under the Bankruptcy Code or other applicable bankruptcy laws, whether or not allowed in such a proceeding) payable in Cash on demand at a rate that is two percent (2.0%) per annum in excess of the interest rate otherwise payable
hereunder with respect to the Notes (without giving effect to this Section 3.02(c)) and (ii) if any other Event of Default has occurred and is continuing, and the Requisite Holders so elect, the principal amount of all
Notes outstanding and, to the extent permitted by applicable law, any due and unpaid interest payments on the Notes or any fees or other amounts due and owing hereunder (other than default interest occurring under this
Section 3.02(c)), shall from the date of occurrence of such Event of Default bear interest (including post-petition interest in any proceeding under the Bankruptcy Code or other applicable bankruptcy laws, whether or not
allowed in such a proceeding) payable in Cash on demand at a rate that is two percent (2.0%) per annum in excess of the interest rate otherwise payable hereunder with respect to the Notes (without giving effect to this
Section 3.02(c)) (which election may be revoked by the Requisite Holders notwithstanding any provision of Section 12.02(b) requiring the consent of “each Holder that would be affected
thereby” for reductions of interest rates on the Notes)). Payment or acceptance of the increased rates of interest provided for in this Section 3.02(c) is not a permitted alternative to timely payment and shall not
constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of the Agent or any Holder. 

(d)    Agent Fee. The Issuer will pay to the Agent for its own account, a fee as set forth in the
Agent Fee Letter. 
 (e)    Calculations. The Agent shall as soon as practicable (but in any event
no later than three (3) Business Days prior to any Interest Payment Date or the date of any other amount payable under this Section 3.02) notify the Issuer and the Holders of the effective date and the amount of each
Interest, fee or other payment under this Section 3.02. Each determination of an interest rate, interest payment amount or fee payment amount by the Agent pursuant to any provision of this Agreement shall be conclusive and
binding on the Issuer and the Holders in the absence of manifest error. Concurrent with each notice delivered pursuant to this Section 3.02(e), the Agent shall deliver to the Issuer and each Holder a statement showing the
quotations used by the Agent in determining any interest rate, if applicable, and the calculations related to any interest payment amount or fee payment amount. 

  
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 Section 3.03    Voluntary
Prepayments . The Issuer may prepay the Notes on any Business Day in whole or in part (together with any amounts due pursuant to Section 3.02 and Section 3.06(g)) in an aggregate minimum amount equal to (a) if being paid in
whole, the Obligations and (b) if being paid in part, $5,000,000 and integral multiples of $1,000,000 in excess of that amount. All such prepayments shall be made upon not less than eight (8) Business Days prior written or telephonic
notice, in each case given to the Agent by 12:00 p.m. (New York, New York time) on the date required and, if given by telephone, promptly confirmed in writing to the Agent and which written notice shall be delivered to the Holders by the Agent no
later than 12:00 p.m. (New York, New York time) one Business Day following receipt by the Agent thereof. Upon the giving of any such notice, the principal amount of the Notes specified in such notice shall become due and payable on the prepayment
date specified therein; provided, that any notice of prepayment described above may provide that such prepayment is conditioned upon the satisfaction of one of more conditions precedent. Any such voluntary prepayment shall be applied as specified in
Section 3.05. For the avoidance of doubt, any acceleration, redemption, prepayment, repayment, or payment of the Obligations in or in connection with a Bankruptcy Event shall constitute an optional prepayment thereof under the terms of this
Section 3.03. 
 Section 3.04    Mandatory Prepayments. 

(a)    Asset Sales, Hedge Receipts and Casualty Events. 

(i)    Other than with respect to Net Asset Sale Proceeds attributable to an Asset Sale permitted by
Section 9.11(a) or Section 9.11(c), to the extent that the aggregate Cash consideration in respect of any Asset Sale(s), Hedge Termination(s) and/or Casualty Event(s) is equal to or in excess of
$1,000,000 in any transaction or series of related transactions or $1,500,000 in the aggregate during the term of this Agreement, the Issuer will (at its option) apply such Net Asset Sale Proceeds, Hedge Receipts and/or Net Insurance/Condemnation
Proceeds (or, in the case of clause (C) elect to apply such Net Asset Sale Proceeds, Hedge Receipts and/or Net Insurance/Condemnation Proceeds) to one or more of the following options within 10 days from the later of the date of such Asset
Sale(s), Hedge Termination(s) and/or Casualty Event or the receipt of such Net Asset Sale Proceeds, Hedge Receipts and/or Net Insurance/Condemnation Proceeds: 

(A)    to prepay Loans (as defined in the First Lien Credit Agreement or any functionally equivalent term
in a Permitted Revolver Refinancing First Lien Credit Agreement); provided that in connection with any such prepayment of Loans under the First Lien Credit Agreement or Permitted Revolver Refinancing First Lien Credit Agreement, the Issuer
will cause the related maximum aggregate credit amount, Borrowing Base, and commitments under the First Lien Credit Agreement or Permitted Revolver Refinancing First Lien Credit Agreement, as applicable, to be permanently reduced by an amount equal
to the principal amount so retired (for the avoidance of doubt and notwithstanding anything herein to the contrary, these provisions will not prohibit the Issuer and the Note Parties from increasing the maximum aggregate credit amounts, Borrowing
Base and commitments under the First Lien Credit Agreement or Permitted Revolver Refinancing First Lien Credit Agreement at a later date); provided, further, that nothing will restrict the Issuer from temporarily prepaying Loans under
the First Lien Credit Agreement or Permitted Revolver Refinancing First Lien Credit Agreement pending application of such amounts pursuant to this Section 3.04(a)(i); 

  
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 (B)    to offer to prepay the Notes outstanding under this
Agreement in accordance with Section 3.04(a)(ii); 
 (C)    so long as no
Event of Default has occurred or is continuing at any time from the date of election to the date of reinvestment, to elect to invest in Oil and Gas Properties (including drilling and completion costs of existing Oil and Gas Properties) and make such
investments, in each case, to the extent permitted under Section 9.05(k), within 180 days from the later of the date of such Asset Sale(s), Hedge Termination(s) and/or Casualty Event or the receipt of such Net Asset Sale
Proceeds, Hedge Receipts and/or Net Insurance/Condemnation Proceeds; provided that (1) Net Asset Sale Proceeds, Hedge Receipts and Net Insurance/Condemnation Proceeds attributable to Collateral may only be invested in assets that
are or will become Collateral and any such assets with a fair market value in excess of $2,000,000 must become Collateral concurrently with the acquisition thereof, (2) until such time as the Net Asset Sale Proceeds, Hedge Receipts and/or Net
Insurance/Condemnation Proceeds are so reinvested, such amounts shall be maintained in a deposit account subject to an Account Control Agreement or used to temporarily prepay Loans under the First Lien Credit Agreement or Permitted Revolver
Refinancing First Lien Credit Agreement, and (3) promptly following any determination by the Issuer of an election to invest Net Asset Sale Proceeds, Hedge Receipts and/or Net Insurance/Condemnation Proceeds pursuant to this
Section 3.04(a)(i)(C), the Issuer shall, (x) prior to the initial reinvestment using such Net Asset Sale Proceeds, Hedge Receipts and/or Net Insurance/Condemnation Proceeds and (y) at the time of such
reinvestment, deliver to the Agent (for delivery to the Holders) a certificate of a Responsible Officer of the Issuer specifying that the Issuer intends to reinvest such Net Asset Sale Proceeds, Hedge Receipts and/or Net Insurance/Condemnation
Proceeds and, in each case, certifying that such reinvestment is otherwise permitted under Section 9.05(k); and/or 

(D)    to elect to redeem (concurrently with the delivery of the applicable notice by RRI with respect to
its Series B Redeemable Preferred Stock) all or a portion of the Issuer Series B Preferred Units and substantially contemporaneously therewith an equivalent amount of Series B Redeemable Preferred Stock of RRI in accordance with the RRI Certificate
of Designations no later than twenty-five (25) days after such election if, and only if, at such time the Series B Redeemable Preferred Stock of RRI is owned in whole or in part by EIG. 

(ii)    Any Net Asset Sale Proceeds, Hedge Receipts and/or Net Insurance/Condemnation Proceeds from Asset
Sale(s), Hedge Termination(s) and/or Casualty Event that are not applied or invested as required by Section 3.04(a)(i) will be deemed to constitute “Excess Proceeds”. On or before, (x) the 10th day referenced in Section 3.04(a)(i), in the case of Section 3.04(a)(i)(A), 3.04(a)(i)(B) and 3.04(a)(i)(D), and (y) the 180th
day in the case of Section 3.04(a)(i)(C), if the Issuer has not earlier made an offer to prepay under Section 3.04(a)(i)(B), the Issuer shall make an offer (a “Specified Offer”) in
accordance with Sections 3.04(d) and 3.04(e) to all the Holders to prepay the maximum principal amount of Notes that may be prepaid out of the Excess 

  
 34 

 
Proceeds, at an offer price in cash in an amount equal to 100% of the principal amount of the Notes plus other than on account of a prepayment with Net Insurance/Condemnation Proceeds, the
Make-Whole Amount and/or Repayment Fee, as applicable, plus accrued and unpaid interest to the date of purchase, in accordance with the procedures established by the Agent for such offer. To the extent that the aggregate amount of Notes so
validly offered for prepayment or tendered and not properly withdrawn pursuant to a Specified Offer in accordance with Section 3.04(e) is less than the Excess Proceeds, the Issuer may use any remaining Excess Proceeds for
working capital and general corporate purposes and to repay any other Debt, subject to the other covenants contained in this Agreement. If the aggregate principal amount of Notes offered for prepayment or surrendered by the Holders, collectively,
exceeds the amount of Excess Proceeds, the Agent shall select the Notes to be prepaid or purchased on a pro rata basis based on the aggregate principal amount of tendered Notes. Upon completion of the Specified Offer, the amount of Excess Proceeds
will be reset at zero. 
 The Issuer shall make each offer for prepayment under this Section 3.04 in accordance with
Section 3.04(d) and Section 3.06. 

(b)    [Reserved]. 

(c)    Issuance of Debt. On the date of receipt by or on behalf of the Issuer or any of its
Subsidiaries (or any Affiliate on behalf thereof) of any Cash proceeds from the incurrence of any Debt (other than Debt that is permitted hereunder) of such Note Party, the Issuer shall, offer to prepay the Notes in an aggregate amount equal to one
hundred percent (100%) of such proceeds (net of (x) any amounts required to be prepaid under the First Lien Credit Facility and (y) any underwriting discounts and commissions and other reasonable costs and expenses associated therewith,
including reasonable legal fees and expenses) at an offer price in cash in an amount equal to 100% of the principal amount of the Notes plus the Make-Whole Amount and/or Repayment Fee, as applicable, plus accrued and unpaid interest to the
date of purchase. In connection with any prepayment under this Section 3.04(c), the Issuer shall immediately provide to the Agent a prepayment notice in accordance with Section 3.04(d) to prepay
the Notes eight (8) Business Days after delivery of such notice. 
 (d)    Prepayment Notice.
In connection with any offer to make prepayment required by Sections 3.04(a) and 3.04(c), the Issuer shall provide prior written or telephonic notice thereof, in each case given to the Agent by 12:00 p.m. (New York,
New York time) at least eight (8) Business Days’ prior to the date of such prepayment, if given by telephone, promptly confirmed in writing to the Agent and which written notice shall be delivered to the Holders by the Agent no later than
12:00 p.m. (New York, New York time) one Business Day following receipt by the Agent thereof. Each such notice shall include the calculation of the amount of the applicable proceeds giving rise to the prepayment and the amount that is available to
prepay the Notes. In the event that the Issuer shall subsequently determine that the actual amount received exceeded the amount set forth in such notice, the Issuer shall promptly make an additional offer to make prepayment of the Notes in an amount
equal to such excess, and the Issuer shall concurrently therewith deliver to the Agent a notice of offer to make such prepayment demonstrating the calculation of such excess. 

(e)    Holders’ Right to Waive. Notwithstanding anything in this Agreement to the contrary,
each Holder, in its sole discretion, may, but is not obligated to, decline the Issuer’s offer to make any prepayment pursuant to this Section 3.04, in each case, with respect to such Holder’s Pro Rata Share of
such prepayment. Promptly after the date of receipt of the notice required by 

  
 35 

 
Section 3.04(d), the Agent shall provide written notice (the “First Offer”) to the Holders of the amount available to prepay the Notes within one
(1) Business Day of receipt of the applicable notice. Any Holder declining such prepayment (a “Declining Holder”) shall give written notice thereof to the Agent by 10:00 a.m. New York, New York time no later than five
(5) Business Days after the date of such notice from the Agent (the “First Offer Deadline”) and on such date the Agent shall provide notice of the aggregate amount accepted for prepayment pursuant to the First Offer to the
Issuer. The Issuer shall prepay the Notes accepted for prepayment pursuant to the First Offer no later than the date specified for such prepayment in the First Offer in the amount set forth in the applicable notice from the Agent. Additionally, on
the First Offer Deadline (or earlier if the Agent has received responses from all Holders) the Agent shall then provide written notice (the “Second Offer”) to the Holders other than the Declining Holders (such Holders being the
“Accepting Holders”) of the additional amount available (due to such Declining Holders’ declining such prepayment) to prepay Notes owing to such Accepting Holders, such available amount to be allocated on a pro rata basis among
the Accepting Holders that accept the Second Offer. Any Holders declining prepayment pursuant to such Second Offer shall give written notice thereof to the Agent by 10:00 a.m. New York, New York time no later than five (5) Business Days after
the date of such notice of a Second Offer. The Issuer shall prepay the Notes accepted for prepayment pursuant to the Second Offer within one Business Day after its receipt of notice from the Agent of the aggregate amount of such prepayment. Amounts
remaining after the allocation of accepted amounts with respect to the First Offer and the Second Offer to Accepting Holders shall be retained by the Issuer in accordance with Section 3.04. 

(f)    Change in Control Offer. 

(i)    Upon the occurrence of a Change in Control, each Holder shall have the right to require the Issuer
to redeem, repurchase or repay all or any part of such Holder’s Notes (and the Issuer shall have the obligation to so redeem, repurchase and repay such Notes) in accordance with this Section 3.04(f). 

(ii)    Upon the occurrence of a Change in Control, except in the event that the Issuer has already
exercised its right to redeem, repurchase or repay the Notes in accordance with this Section 3.04(f)(ii) (and have as of the date of such Change in Control made such redemption, repurchase or repayment in accordance with
the terms of the applicable Change in Control Offer), and whether or not any Holder has made a demand or request therefor, the Issuer shall on the date of such Change in Control notify the Agent in writing (and the Agent shall promptly deliver such
notice to each Holder in accordance with Section 12.01 of the following (such notification, a “Change in Control Offer”): 

(A)    that a Change in Control has occurred and that such Holder has the right to require the Issuer to
jointly and severally redeem, repurchase or repay such Holder’s Notes in an amount equal to 100% of the principal amount thereof, plus accrued and unpaid interest through the repayment date plus the Change in Control Premium
plus any other Obligations then outstanding (the “Change in Control Redemption Amount” and such amount in the aggregate for all such Notes (or parts thereof) accepting such offer under and in accordance with this
Section 3.04(f), the “Aggregate Change in Control Redemption Amount”)); 

(B)    the circumstances and relevant facts and financial information regarding such Change in Control;

  
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 (C)    the redemption, repurchase or repayment date (which
shall be no earlier than ten (10) Business Days nor any later than twenty (20) Business Days from the date on which the Agent is notified under Section 3.04(f)(ii)) (the “Change in Control Redemption
Date”); 
 (D)    that unless the Issuer defaults in making the payment, all Notes accepted for
redemption, repurchase or repayment pursuant to the Change in Control Offer will cease to accrue interest on the Change in Control Redemption Date; 

(E)    that Holders will be required to notify the Agent of their election in accordance with
Section 3.04(f)(iii) below prior to the close of business on the third Business Day preceding the Change in Control Redemption Date; 

(F)    that the Holders whose Notes are being redeemed, repurchased or prepaid only in part will be issued
new Notes equal in principal amount to the unpurchased portion of the Notes surrendered promptly upon the surrender thereof. 

(iii)    Each Holder (or its appointee) shall reply to the Agent, pursuant to a writing substantially in
the form of Exhibit C (the “Change in Control Election Notice”), indicating that all, part (and, if in part, the amount) or none of such Change in Control Offer is accepted, by no later than
5:00 p.m. (New York, New York time) on the third Business Day immediately preceding the Change in Control Redemption Date; provided, however, that any Holder that fails to provide such Change in Control Election Notice in accordance
with the terms hereof shall be conclusively deemed to have accepted such Change in Control Offer in full and shall not be deemed in violation of any provision hereof on account of such failure. 

(iv)    On the Business Day immediately preceding the Change in Control Redemption Date, the Issuer shall:

 (A)    deposit with the Agent an amount of cash equal to the Aggregate Change in Control Redemption
Amount; and 
 (B)    deliver or cause to be delivered to the Agent (for the benefit of the Agent and
the Holders) an officers’ certificate stating the Aggregate Change in Control Redemption Amount and the Change in Control Redemption Amount for each such Note. 

(v)    On each Change in Control Redemption Date, (x) the Agent will promptly wire transfer to each
accepting Holder a cash payment in the amount of the Change in Control Redemption Amount corresponding to such Notes and (y) the Issuer will promptly issue and send or cause to be sent to each Holder a new Note equal in principal amount to any
unpurchased portion of any Notes, if any. Any Note so accepted for redemption, repurchase or repayment will cease to accrue interest on and after the Change in Control Redemption Date, unless the Issuer defaults in paying the applicable Change in
Control Redemption Amount. 
 (vi)    The Issuer shall have the right, at its election, to make a Change
in Control Offer in advance of a Change in Control if a definitive agreement is in place for the Change in Control at the time of making the Change in Control Offer; provided, however, such Change in Control Offer shall be conditioned
upon the occurrence of such Change in Control. 

  
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 (vii)    The Change in Control Premium due hereunder shall be
calculated by the Agent and such calculation shall be conclusive and final, absent manifest error. 

Section 3.05    Application of Payments. Any payment of any Note made
pursuant to Sections 3.01, 3.03 or 3.04 shall be applied as follows: 
 (a)    first, to
payment or reimbursement of that portion of the Obligations constituting fees, expenses and indemnities payable to the Agent in its capacity as such; 

(b)    second, pro rata to payment or reimbursement of that portion of the Obligations constituting
fees, expenses and indemnities payable to the Holders and the other Indemnitees listed under Section 12.03 under the Note Documents; 

(c)    third, pro rata to payment of accrued Interest (including interest at the Default Rate, if
any) on the Notes; 
 (d)    fourth, pro rata to pay the Change in Control Premium, Make-Whole
Amount, Repayment Fee or other amount due and payable pursuant to Section 3.06(g), if any, on the Notes (including, for the avoidance of doubt, any Change in Control Premium, any Make-Whole Amount, any Repayment Fee or
other amount due and payable pursuant to Section 3.06(g) resulting from the prepayment of principal under clause fifth below); 

(e)    fifth, pro rata to payment of principal outstanding on the Notes which have not yet been
reimbursed by or on behalf of the Issuer at such time; 
 (f)    sixth, pro rata to any other
Obligations; and 
 (g)    seventh, any excess, after all of the Obligations shall have been Paid
in Full in Cash, shall be paid to the Issuer or as otherwise required by any Governmental Requirement. 

Section 3.06    General Provisions Regarding Payments. 

(a)    All payments by the Issuer of principal, interest, fees and other Obligations shall be made in
Dollars in same day funds without recoupment, setoff, counterclaim or other defense, and delivered to the Agent not later than 12:00 p.m. (New York, New York time) on the date due to the Agent’s Account for the account of the Holders; funds
received by the Agent after that time on such due date shall be deemed to have been paid by the Issuer on the next Business Day. 

(b)    All prepayments in respect of the principal amount of any Note shall be accompanied by payment of
accrued interest on the principal amount being repaid or prepaid. 
 (c)    The Agent shall promptly
distribute to each Holder at such address as such Holder shall indicate in writing, such Holder’s applicable Pro Rata Share of all payments and prepayments of principal and interest due hereunder, together with all other amounts due thereto,
including all fees payable with respect thereto, to the extent received by the Agent. 

  
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 (d)    Whenever any payment to be made hereunder shall be
stated to be due on a day that is not a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of the payment of interest hereunder. 

(e)    The Agent shall deem any payment by or on behalf of the Issuer hereunder that is not made in same
day funds at or prior to 12:00 p.m. (New York, New York time) to be a non-conforming payment. Any such payment shall not be deemed to have been received by the Agent until the later of (i) the time such
funds become available funds, and (ii) the next Business Day. Interest and fees shall continue to accrue on any principal as to which a non-conforming payment is made until such funds become available
funds (but in no event less than the period from the date of such payment to the next succeeding Business Day) at the applicable rate determined pursuant to Section 3.02(a) from the date such amount was due and payable
until the date such amount is paid in full. 
 (f)    If an Event of Default shall have occurred and not
otherwise been waived, all payments or proceeds received by the Agent hereunder in respect of any of the Obligations shall be applied first, to payment or reimbursement of that portion of the Obligations constituting fees, expenses and
indemnities payable to the Agent (including any costs and expenses related to foreclosure or realization upon, or protecting, Collateral) in its capacity as such, second, pro rata to payment or reimbursement of that portion of the
Obligations constituting fees, expenses and indemnities payable to the Holders and the other Indemnitees listed under Section 12.03 under the Note Documents, third, pro rata to payment of accrued Interest (including
interest at the Default Rate, if any) on the Notes, fourth, pro rata to pay the Change in Control Premium, the Make-Whole Amount, Repayment Fee or other amount due and payable pursuant to Section 3.06(g), if any, on
the Notes (including, for the avoidance of doubt, any Change in Control Premium, any Make-Whole Amount, any Repayment Fee or other amount due and payable pursuant to Section 3.06(g) resulting from the prepayment of
principal under clause fifth below), fifth, pro rata to payment of principal outstanding on the Notes which have not yet been reimbursed by or on behalf of the Issuer at such time, sixth, pro rata to any other Obligations, and
seventh, any excess, after all of the Obligations shall have been Paid in Full in cash, shall be paid to the Issuer or as otherwise required by any Governmental Requirement. 

(g)    Make Whole Amount; Repayment Fee. Upon any prepayment of the Notes, whether optional or
mandatory (other than any prepayments pursuant to Section 3.04(a) solely with Net Insurance/Condemnation Proceeds or Section 3.04(f)), whether such prepayment occurs as a result of an acceleration
of the Notes pursuant to Section 10.02 (whether automatic or optional acceleration) following an Event of Default or otherwise or at the Issuer’s option, which the Issuer may, upon notice as provided above, make for
all (or any portion) of the Notes, the Issuer shall make an additional payment to the Agent for the account of the Holders in an aggregate amount equal to (x) if such prepayment or acceleration occurs on or prior to the twenty-four
(24) month anniversary of the Effective Date (the “Make-Whole Expiry Date”), the Make-Whole Amount determined for the prepayment date with respect to such principal amount plus 3.0% of the principal of such prepaid or
accelerated amount plus any accrued and unpaid interest and other amounts due thereon or (y) if such prepayment or acceleration occurs thereafter, a fee (the “Repayment Fee”), in an amount equal to the product of
(X) if such prepayment or acceleration occurs following the Make-Whole Expiry Date but on or prior to the thirty-six (36) month anniversary of the Effective Date, 3.0% of the principal of such
prepaid or accelerated amount, (Y) if such prepayment occurs following the thirty-six (36) month anniversary of the Effective Date but on or prior to the forty-eighth (48) month anniversary of
the Effective Date, 1.5% of the principal of such prepaid or accelerated amount, and (Z) if such prepayment occurs following the forty-eighth (48) month anniversary of the Effective Date, 0.0% of such prepaid or accelerated amount
plus in each case, any accrued and unpaid interest and other amounts due thereon. 

  
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 (h)    Presentment of the Notes by the Holder is not a
condition to receipt of payment on the Maturity Date or any earlier redemption. 
 ARTICLE IV 

Payments; Pro Rata Treatment; Sharing of Set-offs 

Section 4.01    Payments Generally; Pro Rata Treatment; Sharing of Set-offs. 
 (a)    Payments by the Issuer. The Issuer shall
make each payment required to be made by it hereunder (whether of principal, interest or fees, or of amounts payable under Section 5.01, Section 5.03 or otherwise) prior to 11:00 a.m. (New
York, New York time) on the date when due, in immediately available funds, without defense, deduction, recoupment, set-off or counterclaim. Fees, once paid, shall be fully earned and shall not be refundable
under any circumstances. Any amounts received after such time on any date shall be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Agent at its
offices specified in Section 12.01, except that payments pursuant to Section 5.01, Section 5.03 and Section 12.03 shall be made directly to the
Persons entitled thereto. The Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a
Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in
Dollars. 
 (b)    Application of Insufficient Payments. If at any time insufficient funds are
received by and available to the Agent to pay fully all amounts of principal, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties
entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of
principal then due to such parties. 
 (c)    Ratable Sharing. The Holders hereby agree among
themselves that, except as otherwise provided in the Security Instruments with respect to amounts realized from the exercise of rights with respect to Liens on the Collateral, if any of them shall, whether by voluntary payment (other than a
voluntary prepayment of Notes purchased and applied in accordance with the terms hereof), through the exercise of any right of set off or banker’s lien, by counterclaim or cross action or by the enforcement of any right under the Note Documents
or otherwise, or as adequate protection of a deposit treated as cash collateral under the Bankruptcy Code, receive payment or reduction of a proportion of the aggregate amount of principal, interest, fees and other amounts then due and owing to such
Holder hereunder or under the other Note Documents (collectively, the “Aggregate Amounts Due” to such Holder) which is greater than the proportion received by any other Holder in respect of the Aggregate Amounts Due to such other
Holder, then the Holder receiving such proportionately greater payment shall (a) notify Agent and each other Holder of the receipt of such payment and (b) apply a portion of such payment to purchase Notes (which it shall be deemed to have
purchased from each seller of a Note simultaneously upon the receipt by such seller of its portion of such payment) in the ratable Aggregate Amounts Due to the other Holders so that all such recoveries of Aggregate Amounts Due shall be shared by all

  
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Holders in proportion to the Aggregate Amounts Due to them; provided, that if all or part of such proportionately greater payment received by such purchasing Holder is thereafter recovered
from such Holder upon the bankruptcy or reorganization of the Issuer or otherwise, those purchases to that extent shall be rescinded and the purchase prices paid for such Notes shall be returned to such purchasing Holder ratably to the extent of
such recovery, but without interest. The Issuer expressly consents to the foregoing arrangement and agrees that any Holder of a Note so purchased may exercise any and all rights of banker’s lien, set off or counterclaim with respect to any and
all monies owing by the Issuer to that Holder with respect thereto as fully as if that Holder were owed the amount of the Note held by that Holder. 

Section 4.02    [Reserved]. 

Section 4.03    [Reserved]. 

Section 4.04    Disposition of Proceeds. The Security Instruments contain an
assignment by the Issuer and/or the Guarantors unto and in favor of the Agent for the benefit of the Secured Parties of all of the Issuer’s or each Guarantor’s interest in and to production and all proceeds attributable thereto which may
be produced from or allocated to the Mortgaged Property. The Security Instruments further provide in general for the application of such proceeds to the satisfaction of the Obligations and other obligations described therein and secured thereby.
Notwithstanding the assignment contained in such Security Instruments, until the occurrence of an Event of Default, (a) the Agent agrees that it will neither notify the purchaser or purchasers of such production nor take any other action to
cause such proceeds to be remitted to the Agent, but the Agent will instead permit such proceeds to be paid to the Issuer and its Subsidiaries and (b) the Holders hereby authorize the Agent to take such actions as may be necessary to cause such
proceeds to be paid to the Issuer and/or such Subsidiaries. 
 ARTICLE V 

Increased Costs; Taxes 
 
Section 5.01    Increased Costs. Subject to the provisions of Section 5.03 (which shall be controlling with respect to the matters covered thereby), in the event that any Holder shall determine (which
determination shall, absent manifest error, be final and conclusive and binding upon all parties hereto) that any Governmental Requirement, or any change therein or in the interpretation, administration or application thereof (including the
introduction of any new law, treaty or governmental rule, regulation or order), or any determination of a court or Governmental Authority, in each case that becomes effective after the date hereof, or compliance by such Holder with any guideline,
request or directive issued or made after the date hereof by any central bank or other Governmental Authority or quasi-Governmental Authority (whether or not having the force of law): (a) subjects such Holder (or its Applicable Office) to any
additional Tax (other than any Indemnified Tax or any Excluded Tax) with respect to this Agreement or any of the other Note Documents or any of its obligations hereunder or thereunder or any payments to such Holder (or its Applicable Office) of
principal, interest, fees or any other amount payable hereunder or its deposits, reserves or capital attributable thereto; (b) imposes, modifies or holds applicable any reserve (including any marginal, emergency, supplemental, special or other
reserve), special deposit, compulsory loan, FDIC insurance or similar requirement against assets held by, or deposits or other liabilities in or for the account of, or advances or loans by, or other credit extended by, or any other acquisition of
funds by, any office of such Holder; or (c) imposes any other condition (other than with respect to a Tax matter) on or affecting such Holder (or its Applicable Office) or its obligations hereunder; and the result of any of the foregoing is to
increase the cost to such Holder of agreeing to purchase, purchasing or maintaining Notes hereunder or to reduce any amount received or receivable by such Holder (or its Applicable Office) with respect thereto; then, in any such case, Issuer shall
promptly pay to such Holder, upon receipt of the statement referred to in the next sentence, such additional amount 

  
 41 

 
or amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise as such Holder shall reasonably determine) as may be necessary to compensate such
Holder for any such increased cost or reduction in amounts received or receivable hereunder. Such Holder shall deliver to Issuer (with a copy to the Agent) a written statement, setting forth in reasonable detail the basis for calculating the
additional amounts owed to such Holder under this Section 5.01, which statement shall be conclusive and binding upon all parties hereto absent manifest error 

Section 5.02    [Reserved]. 

Section 5.03    Taxes. 

(a)    Payments Free of Taxes. All sums payable by or on account of any Note Party hereunder and
under the other Note Documents shall (except to the extent otherwise required by law) be paid free and clear of, and without any deduction or withholding on account of, any Taxes. 

(b)    Withholding of Taxes. If any Note Party or the Agent is required by law to make any deduction
or withholding for or on account of any Tax from any sum paid or payable under any of the Note Documents: (i) the Issuer shall notify the Agent of any such requirement or any change in any such requirement as soon as the Issuer becomes aware of
it; (ii) the Issuer or the Agent shall be entitled to make such deduction or withholding and shall pay (or cause to be paid) any such Tax to the relevant Governmental Authority before the date on which penalties attach thereto; (iii) if
such Tax is an indemnified Tax, the sum payable by such Note Party in respect of which the relevant deduction or withholding is required shall be increased to the extent necessary to ensure that after any such deduction or withholding of Indemnified
Tax, Agent or such Holder, as the case may be, and each of their Tax Related Persons receives on the due date a net sum equal to what it would have received had no such deduction or withholding been made; and (iv) within thirty (30) days
after making any such deduction or withholding, the Issuer shall deliver to the Agent evidence satisfactory to the other affected parties of such deduction or withholding and of the remittance thereof to the relevant taxing or other authority;
provided, that for the avoidance of doubt, no such additional amount shall be required to be paid to any Holder or Agent under clause (iii) above for, and Indemnified Taxes shall not include, any of the following Taxes, (A)any U.S.
federal withholding Tax in effect and applicable as of the date hereof (in the case of each Holder listed on the signature pages hereof on the Effective Date) or on the effective date of the Assignment Agreement pursuant to which such Holder became
a Holder (in the case of each other Holder) or on the date the Holder changes its Applicable Office, except to the extent that, pursuant to Section 5.03, amounts with respect to such U.S. federal withholding Taxes were
payable (1) to such Holder’s assignor (including each of their Tax Related Persons) immediately before such Holder becomes a party hereto or (2) such Holder immediately before such Holder changed its Applicable, (B) any Tax on
the Overall Net Income of the Holder or its Tax Related Persons, (C) any U.S. federal withholding Tax imposed under FATCA or (D) any Tax attributable to the Holder’s failure to comply with Section 5.03(e)
(all such amounts described in clause (A), (B), (C) and (D), “Excluded Taxes”). 

(c)    Other Taxes. In addition, the Note Parties shall pay all Other Taxes to the relevant
Governmental Authorities in accordance with applicable law. The Note Parties shall deliver to the Agent official receipts or other evidence of such payment reasonably satisfactory to the Requisite Holders in respect of any Taxes or Other Taxes
payable hereunder promptly after payment of such Taxes or Other Taxes. 

  
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 (d)    Indemnification by the Holders. The Note
Parties shall indemnify Agent and each Holder, within ten (10) days after written demand therefor, for the full amount of any Indemnified Taxes paid or incurred by the Agent or such Holder or their respective Tax Related Persons, as the case
may be, relating to, arising out of, or in connection with any Note Document or any payment or transaction contemplated hereby or thereby, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority, and all reasonable expenses and costs arising therefrom or with respect thereto; provided, however, that the Note Parties shall not be required to indemnify Agent and Holders in duplication of Indemnified Taxes
covered by Section 5.03(b) or 5.03(c). Notwithstanding the foregoing, any indemnification under this Section 5.03(d) shall be made on an after-Tax
basis (including any Tax on the Overall Net Income), such that after all required deductions and payments of all Taxes and any expenses and costs, each of the Agent, the Holders and each of their respective Tax Related Persons receives and retains
an amount equal to the sum it would have received and retained had it not paid or incurred or been subject to such Taxes or expenses and costs. A certificate as to the amount of such payment or liability delivered to the Issuer by a Holder (with a
copy to the Agent), or by the Agent on its own behalf or on behalf of a Holder, shall be conclusive absent manifest error. 

(e)    Administrative Requirements; Forms Provision. Each Holder that is a U.S. Person for U.S.
federal income tax purposes shall deliver to the Issuer and the Agent, on or prior to the Effective Date (in the case of each Holder listed on the signature pages hereof on the Effective Date) or on or prior to the date of the Assignment Agreement
pursuant to which it becomes a Holder (in the case of each other Holder), and at such other times as may be necessary in the determination of the Issuer or Agent (each in the reasonable exercise of its discretion), two executed copies of Internal
Revenue Service (the “IRS”) Form W-9 establishing an exemption from a U.S. federal backup withholding Tax. Each Holder that is not a U.S. Person for U.S. federal income tax purposes (a
“Non-U.S. Holder”) shall, to the extent it is legally entitled to do so, deliver to the Agent and the Issuer, on or prior to the Effective Date (in the case of each Holder listed on the
signature pages hereof on the Effective Date) or on or prior to the date of the Assignment Agreement or joinder agreement pursuant to which it becomes a Holder (in the case of each other Holder), and at such other times as may be necessary in the
determination of the Issuer or Agent (each in the reasonable exercise of its discretion), whichever of the following described in clauses (i) through (iv) below is applicable, accurately completed and in a manner reasonably acceptable to the
Issuer: 
 (i)    in the case of a Non-U.S. Holder claiming the
benefits of an income tax treaty to which the United States is a party (x) with respect to payments of interest under any Note Document, two executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty, and (y) with
respect to any other applicable payments under any Note Document, two executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E
establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

(ii)    two executed copies of IRS Form W-8ECI; 

(iii)    in the case of a Non-U.S. Holder claiming the benefits of
the exemption for portfolio interest under Section 881(c) of the Code, (1) a certificate substantially in the form of Exhibit H-1 to the effect that such Non-U.S. Holder is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Issuer 

  
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within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance
Certificate”) and (2) two executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E; or 

(iv)    to the extent a Non-U.S. Holder is not the beneficial owner
of a Note, two executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, IRS Form W-8BEN-E, a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-2 or
Exhibit H-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Non-U.S. Holder is a partnership and one or more direct or indirect partners of such Non-U.S. Holder are eligible to claim the portfolio interest exemption, such Non-U.S. Holder shall provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-4 on behalf of each such direct and indirect
partner. 
 Each Holder required to deliver any forms, certificates or other evidence with respect to U.S. federal income tax withholding matters pursuant
to this Section 5.03(e) hereby agrees, from time to time after the initial delivery by such Holder of such forms, certificates or other evidence, whenever a lapse in time or change in circumstances renders such forms
certificates or other evidence obsolete or inaccurate in any material respect, that such Holder shall promptly deliver to the Agent and the Issuer two new executed copies of IRS Form W-8BEN, IRS Form W-8BEN-E, IRS Form W-8IMY or IRS Form W-8ECI (or any successor form(s) of any of the
foregoing), and as applicable, a U.S. Tax Compliance Certificate properly completed and duly executed by such Holder, and such other documentation required under the Code and reasonably requested by the Issuer to confirm or establish that such
Holder is not subject to deduction or withholding of U.S. federal income Tax with respect to payments to such Holder under the Note Documents or is subject to deduction or withholding at a reduced rate, or notify the Agent and the Issuer of its
inability to deliver any such forms, certificates or other evidence. Nothing in this Section 5.03 shall be construed to require a Holder (or any Tax Related Person of any Holder) to provide any forms or documentation that
it is not legally entitled to provide. 
 On or before the date on which Agent (and any successor replacement Agent) becomes the Agent, it shall deliver to
the Issuer two executed copies of IRS Form W-9 establishing an exemption from U.S. federal backup withholding Tax. The Agent (or, upon assignment or replacement, any assignee or successor) agrees that if any
form or certification it previously delivered expires or becomes obsolete, it shall update such form or certification or promptly notify the Issuer in writing of its inability to do so. 

(f)    If a payment made to a Holder under any Note Document would be subject to U.S. federal withholding
Tax imposed by FATCA if such Holder were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Holder shall deliver to the Issuer and the
Agent at the time or times prescribed by law and at such time or times reasonably requested by the Issuer or the Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such
additional documentation reasonably requested by the Issuer or the Agent as may be necessary for the Issuer and the Agent to comply with their obligations under FATCA and to determine that such Holder has complied with such Holder’s obligations
under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 5.03(f), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.

  
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 ARTICLE VI 

Conditions Precedent 
 
Section 6.01    Effective Date. The obligations of the Holders to purchase their respective Notes hereunder shall not become effective until the date on which each of the following conditions is satisfied (or
waived in accordance with Section 12.02): 
 (a)    The Agent shall have received from each party
hereto counterparts (in such number as may be requested by the Agent) of this Agreement signed on behalf of such party and duly executed Notes payable to each Holder that requested a Note. 

(b)    The Agent shall have received from each party thereto duly executed counterparts (in such number as
may be requested by the Agent) of the Security Instruments, including the Guaranty Agreement, the Security Agreement, the Mortgages, the Account Control Agreements and except in cases where no signature is required, the other Security Instruments
described on Exhibit F. In connection with the execution and delivery of the Security Instruments, the Requisite Holders shall be reasonably satisfied that the Security Instruments create Second Priority Liens that may be perfected upon
recordation of properly completed financing statements and the Security Instruments in the appropriate filing offices therefor (except Liens permitted by Section 9.03 may exist) on at least such property satisfying the
Minimum Mortgage Requirements. 
 (c)    The Agent shall have received a certificate of a Responsible
Officer of each of RRI and each Note Party setting forth (i) resolutions of its board of directors or other appropriate governing body with respect to the authorization of such Person to execute and deliver the Note Documents to which it is a
party and to enter into the transactions contemplated in those documents, (ii) the officers of such Person (y) who are authorized to sign the Note Documents to which such Person is a party and (z) who will, until replaced by another
officer or officers duly authorized for that purpose, act as its representative for the purposes of signing documents and giving notices and other communications in connection with this Agreement and the transactions contemplated hereby,
(iii) specimen signatures of such authorized officers, and (iv) the articles or certificate of incorporation and by-laws or other applicable Organizational Documents of such Person, certified as
being true and complete. The Agent and the Holders may conclusively rely on such certificate until the Agent receives notice in writing from such Person to the contrary. 

(d)    The Agent shall have received certificates of the appropriate State agencies, as requested by the
Requisite Holders, with respect to the existence, qualification and good standing of RRI and each Note Party in each jurisdiction where any such Person is organized or owns Borrowing Base Properties, except where the failure to so qualify could not
reasonably be expected to result in a Material Adverse Effect. 
 (e)    The Agent shall have received a
certificate of a Responsible Officer of the Issuer in form and substance reasonably satisfactory to the Requisite Holders certifying that (i) all representations and warranties of the Note Parties set forth in this Agreement are true and
correct in all material respects, (ii) no Event of Default or Default exists and (iii) no Material Adverse Effect has occurred since December 31, 2016. 

(f)    The Agent shall have received (i) copies of the audited consolidated financial statements,
prepared in accordance with GAAP, of the Issuer and its Subsidiaries for the Fiscal Year ended December 31, 2016, (ii) copies of the unaudited consolidated financial statements, prepared in accordance with GAAP, of the Issuer and its
Subsidiaries for the Fiscal Quarters 

  
 45 

 
ended March 31, 2017, June 30, 2017 and September 30, 2017 and (iii) pro forma projections (including a pro forma closing balance sheet, pro forma statements of operations and
cash flow) for the years 2018 through 2023 and quarterly projections through 2018 and yearly thereafter, including assumptions used in preparing the forecast financial statements, satisfactory to the Requisite Holders. 

(g)    [Reserved]. 

(h)    The Agent shall have received evidence that adequate insurance, if applicable, required to be
maintained in accordance with Section 7.12 is in full force and effect, with additional insured, mortgagee and lender loss payable special endorsements attached thereto in form and substance satisfactory to the Agent and
the Requisite Holders and their counsel naming the Agent as additional insured, mortgagee, lender or loss payee, as applicable. 

(i)    The Agent shall have received a certificate of a Responsible Officer of the Issuer substantially in
the form of Exhibit E certifying that, after giving effect to the consummation of the Transactions, the Note Parties are and will be Solvent. 

(j)    The Agent shall have received the Initial Reserve Report accompanied by a certificate covering the
matters described in Section 8.12(b)(i)-(iii). 
 (k)    The Agent shall have
received, at least five (5) days prior to the Effective Date, all documentation and other information previously requested and required by regulatory authorities under applicable “know your customer” and
anti-money laundering rules and regulations, including the USA Patriot Act. 

(l)    The Agent shall have received an opinion of Vinson & Elkins LLP, special counsel for the
Note Parties, in form and of substance reasonably acceptable to the Requisite Holders. 
 (m)    The
Agent and the Holders shall have received all fees and other amounts required to be paid under this Agreement or the other Note Documents due and payable on or prior to the Effective Date and, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Issuer hereunder, including all fees and amount required to be paid under the Fee Letter and the Agent Fee
Letter. 
 (n)    [Reserved]. 

(o)    The Agent shall have received title information as the Requisite Holders may reasonably require
satisfactory to the Requisite Holders setting forth the status of title to at least 85% of the PV-9 of the Oil and Gas Properties evaluated in the Initial Reserve Report. 

(p)    In order to create in favor of the Agent, for the benefit of the Secured Parties, a valid and,
subject to any filing and/or recording referred to herein, perfected Second Priority security interest satisfying at least the Minimum Mortgage Requirements (after giving effect to the acquisition of the Whitehorse Assets being acquired pursuant to
the Whitehorse Acquisition Agreement on and as of the Effective Date), the Agent (for delivery to the Holders) shall have received the following in the forms reasonably satisfactory to the Agent and the Requisite Holders: 

  
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 (i)    fully executed and notarized Mortgages for recording
in all appropriate places in all applicable jurisdictions, encumbering such Oil and Gas Properties and Midstream Properties (excluding, for the avoidance of doubt, any Midstream Properties constituting Excluded Assets); and 

(ii)    an amount necessary to cover all recording, stamp and similar taxes (including mortgage recording
and intangible taxes) payable in connection with recording the Mortgages for such Oil and Gas Properties and Midstream Properties in the appropriate real estate records. 

(q)    In order to create in favor of the Agent, for the benefit of the Secured Parties, a valid, perfected
Second Priority security interest in substantially all personal property Collateral of the Note Parties, the Agent shall have received: 

(i)    evidence reasonably satisfactory to the Agent and the Requisite Holders of the compliance by each
Note Party of its respective obligations under the Guaranty Agreement and the other Security Instruments to which it is party (including its obligation to deliver UCC financing statements); and 

(ii)    (A) the results of a recent search satisfactory to the Requisite Holders, of all effective UCC
financing statements made with respect to any personal or mixed property of each Note Party in the applicable jurisdictions, together with copies of all such filings disclosed by such search that will not be terminated on the Effective Date and
(B) UCC termination statements for filing in all applicable jurisdictions as may be necessary to terminate any effective UCC financing statements disclosed in such search that do not constitute Excepted Liens or any other Liens permitted under
Section 9.03. 
 (r)    The corporate, capital and ownership structure of the
Issuer and its Subsidiaries upon the Effective Date shall be reasonably satisfactory to Requisite Holders. 

(s)    The Agent (for delivery to the Holders) shall have received certified copies of the First Lien
Credit Agreement and, to the extent requested by the Requisite Holders, any other First Lien Loan Documents, in each case including all amendments thereto, fully executed by the parties thereto, each of which shall be in form and substance
reasonably satisfactory to the Requisite Holders. 
 (t)    Except as provided in
Section 8.18, the Agent shall have received copies of any ISDA schedules and credit support annexes and any other agreements evidencing collateral arrangements with any Approved Counterparties, which shall be in form and
substance reasonably acceptable to the Requisite Holders. 
 (u)    The Agent shall have received such
other certificates, documents, instruments and agreements as the Requisite Holders shall reasonably request in connection with the transactions contemplated by this Agreement and the other Note Documents. 

(v)    [Reserved]. 

(w)    The Agent shall have received at least two (2) Business Days prior to the Effective Date (or
such shorter time period that is acceptable to the Agent and the Requisite Holders) a funds flow memorandum, in form and substance reasonably satisfactory to the Requisite Holders. 

  
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 (x)    The Agent shall have received a fully-executed Note
Purchase Notice. 
 (y)    The Requisite Holders shall be satisfied that the Note Parties have no
outstanding Debt except for Debt permitted pursuant to Section 9.02 and the Note Parties shall not be in default with respect to such Debt. 

(z)    The Agent and the Requisite Holders shall have received lease operating statements for
September 30, 2017 reasonably satisfactory to the Requisite Holders. 
 (aa)    The Notes shall be
purchased net of the original issue discount described in Section 2.01. 

(bb)    The representations and warranties of the Issuer set forth in this Agreement shall be true and
correct in all material respects on and as of the Effective Date except to the extent any representation or warranty set forth in this Agreement contains qualifiers such as “material”, “in all material respects,” “except as
could not reasonably be expected to result in, either individually or in the aggregate, a Material Adverse Effect” or similar qualifying language or similar qualifiers, then such representation or warranty shall be true and correct as of such
date (unless such representations and warranties are stated to relate to a specific earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date). 

(cc)    At the time of and immediately after giving effect to the issuance of such Notes, (i) no
Default or Event of Default shall have occurred and be continuing and (ii) no Default (as defined in the First Lien Credit Agreement) or Event of Default (as defined in the First Lien Credit Agreement) has occurred and is continuing. 

(dd)    The “Closing” (as defined in the Whitehorse Acquisition Agreement) shall have occurred
(or shall occur substantially concurrently with the purchase and sale of the Notes under this Agreement) on the Effective Date in accordance with the terms and conditions of the Whitehorse Acquisition Agreement, without giving effect to any
modifications, amendment, waiver, supplement, addition or consent that is materially adverse to the Holders (as reasonably determined by the Requisite Holders). 

(ee)    The Series B Redeemable Preferred Stock Issuance shall have occurred (or shall occur substantially
simultaneously with the purchase of the Notes hereunder) in accordance with the terms of the Series B Redeemable Preferred Stock Purchase Agreement. 

The Agent shall notify the Issuer and the Holders of the Effective Date, and such notice shall be conclusive and binding. 

ARTICLE VII 

Representations and Warranties 

The Issuer (and RRI, in the case of Section 7.01, Section 7.02, Section 7.03, Section 7.09 and Section 7.11)
represents and warrants to the Holders that: 
 Section 7.01    Organization;
Powers. Each of RRI and each Note Party is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, has all requisite power and authority, and has all governmental licenses, authorizations,
consents and approvals necessary, to own its assets and to carry on its business as now conducted, and is qualified to do business 

  
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in, and is in good standing in, every jurisdiction where such qualification is required, except where failure to have such licenses, authorizations, consents, approvals and foreign qualifications
could not reasonably be expected to have a Material Adverse Effect. 

Section 7.02    Authority; Enforceability. The Transactions are within
RRI’s and each Note Party’s corporate powers and have been duly authorized by all necessary corporate and, if required, owner action. Each Note Document to which RRI and each Note Party is a party has been duly executed and delivered by it
and constitutes its legal, valid and binding obligation, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and
subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 
 
Section 7.03    Approvals; No Conflicts. The Transactions (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority or any other third
Person (including holders of its Equity Interests or any class of directors, managers or supervisors, as applicable, whether interested or disinterested, of RRI, the Issuer and any other Person), nor is any such consent, approval, registration,
filing or other action necessary for the validity or enforceability of any Note Document or the consummation of the transactions contemplated thereby, except such as have been obtained or made and are in full force and effect other than (i) the
recording and filing of financing statements and the Security Instruments as required by this Agreement, (ii) those third party approvals or consents which, if not made or obtained, would not cause a Default hereunder, could not reasonably be
expected to have a Material Adverse Effect, or do not have an adverse effect on the enforceability of the Note Documents and (iii) those third party authorizations, approvals or consents that are customarily obtained following closing,
(b) will not violate (i) in any material respect, any applicable law or regulation or any order of any Governmental Authority or (ii) the Organizational Documents of any Note Party, (c) will not violate or result in a default
under any indenture, note, credit agreement or other similar instrument binding upon any Note Party or its Properties, or give rise to a right thereunder to require any payment to be made by any Note Party and (d) will not result in the
creation or imposition of any Lien on any Property of any Note Party (other than the Liens created by the Note Documents and the First Lien Loan Documents). 

Section 7.04    Financial Condition; No Material Adverse Change. 

(a)    Since December 31, 2016 and after giving effect to the Transactions (i) there has been no
event, development or circumstance that has had or could reasonably be expected to have a Material Adverse Effect and (ii) the business of the Issuer and the Note Parties has been conducted only in the ordinary course consistent with past
business practices. 
 (b)    Neither the Issuer nor any other Note Party has on the date of this
Agreement, after giving effect to the Transactions, any material Debt (including Disqualified Capital Stock) other than the Obligations, the First Lien Secured Obligations, obligations under the Issuer Preferred Units (to the extent constituting
Debt) or any contingent liabilities, off-balance sheet liabilities or partnerships, liabilities for taxes, or unusual forward or long-term commitments or unrealized or
anticipated losses from any unfavorable commitments. 

Section 7.05    Litigation. 

(a)    Except as set forth on Schedule 7.05, there are no actions, suits,
investigations or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the Issuer, threatened in writing against any Note Party that (i) are not fully covered by insurance (except for normal
deductibles) as to which there is a reasonable possibility of an 

  
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adverse determination that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect or (ii) involve any Note Document
or the Transactions. 
 (b)    Since the date of this Agreement, there has been no change in the status
of the matters disclosed in Schedule 7.05 that, individually or in the aggregate, has resulted in a Material Adverse Effect. 

Section 7.06    Environmental Matters. Except for such matters as set forth
on Schedule 7.06 or that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect (or for each Note Party’s Oil and Gas Properties where another party other than such Note Party is the operator,
to the knowledge of the Issuer could not reasonably be expected to have a Material Adverse Effect): 

(a)    While the Note Parties have operated Properties, the Note Parties and each of their respective
Properties and operations thereon are, and within all applicable statute of limitation periods have been, in compliance with all applicable Environmental Laws; 

(b)    the Note Parties have obtained all Environmental Permits required for their respective operations
and each of their Properties, with all such Environmental Permits being currently in full force and effect, and no Note Party has received any written notice that any such existing Environmental Permit will be revoked or that any application for any
new Environmental Permit or renewal of any existing Environmental Permit will be denied; 
 (c)    the
Note Parties have not received any written claims, demands, suits, orders, inquiries, or proceedings concerning any violation of, or any liability (including as a potentially responsible party) under, any applicable Environmental Laws that is
pending or, to the Issuer’s knowledge, threatened against any Note Party or any of their respective Properties or as a result of any operations at the Properties; 

(d)    none of the Note Parties owns or operates a treatment, storage, or disposal facility requiring a
permit under the RCRA, regulations thereunder or any comparable state delegated Resource Conservation and Recovery Act program; 

(e)    except as permitted under applicable laws, there has been no Release or, to the Issuer’s
knowledge, threatened Release, of Hazardous Materials attributable to the operations of any Note Party at, on, under or from any Note Party’s Properties and there are no investigations, remediations, abatements, removals of Hazardous Materials
required under applicable Environmental Laws relating to such Releases or threatened Releases or at such Properties and, to the knowledge of the Issuer, none of such Properties are adversely affected by any Release or threatened Release of a
Hazardous Material originating or emanating from any other real property; 
 (f)    no Note Party has
received any written notice asserting an alleged liability or obligation under any Environmental Laws with respect to the investigation, remediation, abatement, removal, or monitoring of any Hazardous Materials, including at, under, or Released or
threatened to be Released from any real properties offsite the Note Party’s Properties and there are no conditions or circumstances that would reasonably be expected to result in the receipt of such written notice; 

  
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 (g)    to the Note Party’s knowledge, there has been no
exposure of any Person or Property to any Hazardous Materials as a result of or in connection with the operations and businesses of any Note Party or relating to any of their Properties that would reasonably be expected to form the basis for a claim
against any Note Party for damages or compensation and, to the Issuer’s knowledge, there are no conditions or circumstances that would reasonably be expected to result in the receipt of notice regarding such exposure; 

(h)    no Note Party has assumed or retained any liability of another Person under Environmental Law or
relating to Hazardous Materials, and, to the Issuer’s knowledge, no Note Party otherwise has any liability under any Environmental Laws or relating to Hazardous Materials; and 

(i)    the Note Parties have provided to the Holders complete and correct copies of all environmental site
assessment reports, investigations, studies, analyses, and correspondence on environmental matters (including matters relating to any alleged non-compliance with or liability under Environmental Laws) that are
in any Note Party’s possession or control and relating to their respective Properties or operations thereon. 
 
Section 7.07    Compliance with the Laws and Agreements; No Defaults. 

(a)    Each Note Party is in compliance with all Governmental Requirements applicable to it or its Property
and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and the conduct of its
business, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

(b)    No Note Party is in default nor has any event or circumstance occurred which, but for the expiration
of any applicable grace period or the giving of notice, or both, would constitute a default or would require such Note Party to Redeem or make any offer to Redeem all or any portion of any Debt outstanding under any indenture, note, credit agreement
or other similar instrument pursuant to which any Material Indebtedness is outstanding or by which the Note Parties or any of their Properties is bound. 

(c)    No Default has occurred and is continuing. 

Section 7.08    Investment Company Act. No Note Party is an “investment
company” or a company “controlled” by an “investment company,” within the meaning of, or subject to regulation under, the Investment Company Act of 1940, as amended. 

Section 7.09    Taxes. RRI and each Note Party has timely filed or caused to
be filed all Tax returns and reports required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it, except (a) Taxes that are being contested in good faith by appropriate proceedings and for which RRI
or the applicable Note Party has set aside on its books adequate reserves in accordance with GAAP or (b) to the extent that the failure to do so could not reasonably be expected to result, individually or in the aggregate, in a Material Adverse
Effect. To the knowledge of RRI or the Issuer, no material proposed Tax assessment is being asserted with respect to RRI or any Note Party. 

  
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 Section 7.10    ERISA. Except
for matters that would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect: 

(a)    Each Plan is, and has been, operated, administered and maintained in substantial compliance with,
and the Issuer and each ERISA Affiliate have complied with ERISA, the terms of the applicable Plan and, where applicable, the Code. 

(b)    No act, omission or transaction has occurred that could result in imposition on the Issuer or any
ERISA Affiliate (whether directly or indirectly) of (i) either a civil penalty assessed pursuant to subsections (c), (i) or (l) of Section 502 of ERISA or a tax imposed pursuant to Chapter 43 of Subtitle D of the Code or
(ii) breach of fiduciary duty liability damages under Section 409 of ERISA. 
 (c)    No
liability to the PBGC (other than for the payment of current premiums which are not past due) by the Issuer or any ERISA Affiliate has been or is reasonably expected by any Note Party or any ERISA Affiliate to be incurred with respect to any Plan.

 (d)    No ERISA Event with respect to any Plan has occurred that has resulted or could reasonably be
expected to result in liability of the Issuer under Title IV of ERISA to the Plan or the PBGC. 

(e)    The actuarial present value of the benefit liabilities under each Plan does not, as of the end of
the Issuer’s most recently ended Fiscal Year, exceed the current value of the assets (computed on a plan termination basis in accordance with Title IV of ERISA) of such Plan allocable to such benefit liabilities. The term “actuarial
present value of the benefit liabilities” shall have the meaning specified in Section 4041 of ERISA. 

(f)    Neither the Issuer nor any ERISA Affiliate sponsors, maintains or contributes to, or has at any time
in the six-year period preceding the date hereof sponsored, maintained or contributed to, or had any actual liability to any Multiemployer Plan. 

Section 7.11    Disclosure; No Material Misstatements. RRI and the Issuer
have disclosed to the Agent and the Holders all agreements, instruments and corporate or other restrictions to which RRI, the Issuer or any other Note Party is subject, and all other existing facts and circumstances applicable to RRI, the Issuer or
any other Note Party known to RRI or the Issuer, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. None of the reports, financial statements, certificates or other information furnished by
or on behalf of RRI, the Issuer or any other Note Party to the Agent or any Holder or any of their Affiliates in connection with the negotiation of this Agreement or any other Note Document or delivered hereunder or under any other Note Document (as
modified or supplemented by other information so furnished) contain any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not
misleading; provided that, with respect to projected financial or other information, RRI, the Issuer and the other Note Parties represent only that such information was prepared in good faith based upon assumptions believed to be reasonable at the
time. There are no statements or conclusions in any Reserve Report which are based upon or include misleading information or fail to take into account material information regarding the matters reported therein, it being understood that projections
concerning volumes attributable to the Oil and Gas Properties and production and cost estimates contained in each Reserve Report are necessarily based upon professional opinions, estimates and projections and RRI, the Issuer and the other Note
Parties do not warrant that such opinions, estimates and projections will ultimately prove to have been accurate. 
 
Section 7.12    Insurance. For the benefit of each Note Party, the Issuer has (a) all insurance policies sufficient for the compliance by the Note Parties with all material Governmental Requirements and all
material agreements and (b) insurance coverage, or self-insurance, in at least such amounts and 

  
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against such risk (including public liability) that are usually insured against by companies similarly situated and engaged in the same or a similar business for the assets and operations of the
Note Parties. Schedule 7.12, as of the date hereof, sets forth a list of all insurance maintained by the Issuer. The Agent, as the Agent for the benefit of the Secured Parties, has been named as additional insureds in respect of such liability
insurance policies and the Agent, as the Agent for the benefit of the Secured Parties, has been named as loss payee with respect to Property loss insurance. 

Section 7.13    Restriction on Liens. Neither the Issuer nor any Note Party
is a party to any material agreement or arrangement (other than (x) the First Lien Loan Documents and (y) Purchase Money Security Interests and Capital Leases creating Liens permitted by Section 9.03(c), but then only on the Property
subject of such Purchase Money Security Interests or Capital Lease), or subject to any order, judgment, writ or decree, which either restricts or purports to restrict its ability to grant Liens to the Agent and the Holders on or in respect of their
Properties to secure the Obligations and the Note Documents. 

Section 7.14    Note Parties. Except as set forth on Schedule 7.14 or as
disclosed in writing to the Agent (which shall promptly furnish a copy to the Holders), which shall be a supplement to Schedule 7.14, there are no other Note Parties. 

Section 7.15    Foreign Operations. The Issuer and the other Note Parties do
not own any Oil and Gas Properties not located within the geographical boundaries of the United States. 

Section 7.16    Location of Business and Offices. The Issuer’s
jurisdiction of organization is Delaware; the name of the Issuer as listed in the public records of its jurisdiction of organization is Rosehill Operating Company, LLC; and the organizational identification number of the Issuer in its jurisdiction
of organization is 6199183 (or, in each case, as set forth in a notice delivered to the Agent pursuant to Section 8.01(l) in accordance with Section 12.01). The Issuer’s principal place of business and chief executive offices are
located at the address specified in Section 12.01 (or as set forth in a notice delivered pursuant to Section 8.01(l) and Section 12.01(c)). Each Note Party’s jurisdiction of organization, name as listed in the public records of
its jurisdiction of organization, organizational identification number in its jurisdiction of organization, and the location of its principal place of business and chief executive office is stated on Schedule 7.14 (or as set forth in a notice
delivered pursuant to Section 8.01(l)). 
 Section 7.17    Properties;
Defensible Title, Etc. 
 (a)    Each Note Party has good and defensible title to the Oil and
Gas Properties evaluated in the most recently delivered Reserve Report and good title to all its personal Properties other than Properties sold in compliance with Section 9.11 from time to time, in each case, free and clear
of all Liens except Liens permitted by Section 9.03. After giving full effect to Liens permitted by Section 9.03, the Note Party specified as the owner owns the net interests in production
attributable to the Hydrocarbon Interests as reflected in the most recently delivered Reserve Report, and except as otherwise provided by statute, regulation or the standard and customary provisions of any applicable joint operating agreement, the
ownership of such Properties shall not in any material respect obligate the Note Party to bear the costs and expenses relating to the maintenance, development and operations of each such Property in an amount in excess of the working interest of
each Property set forth in the most recently delivered Reserve Report that is not offset by a corresponding proportionate increase in the Note Party’s net revenue interest in such Property. 

(b)    All material leases and agreements necessary for the conduct of the business of the Note Parties are
valid and subsisting, in full force and effect, and there exists no default or event or circumstance which with the giving of notice or the passage of time or both would give rise to a default under any such lease or leases, which could reasonably
be expected to have a Material Adverse Effect. 

  
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 (c)    The rights and Properties presently owned, leased or
licensed by the Note Parties including all easements and rights of way, include all rights and Properties necessary to permit the Note Parties to conduct their business in all material respects in the same manner as its business is conducted on the
date hereof. 
 (d)    Each Note Party owns, or is licensed to use, all trademarks, trade names,
copyrights, patents and other intellectual Property material to its business, and the use thereof by the Note Party does not infringe upon the rights of any other Person, except for any such infringements that, individually or in the aggregate,
could not reasonably be expected to result in a Material Adverse Effect. The Note Parties either own or have valid licenses or other rights to use all databases, geological data, geophysical data, engineering data, seismic data, maps,
interpretations and other technical information used in their businesses as presently conducted, subject to the limitations contained in the agreements governing the use of the same, which limitations are customary for companies engaged in the
business of the exploration and production of Hydrocarbons, with such exceptions as could not reasonably be expected to have a Material Adverse Effect. 

Section 7.18    Maintenance of Properties. Except for such acts or failures
to act as could not be reasonably expected to have a Material Adverse Effect, the Oil and Gas Properties (and Properties unitized therewith) of the Note Parties have been maintained, operated and developed in a reasonably prudent manner and in
conformity with all Governmental Requirements and in conformity with the provisions of all leases, subleases or other contracts comprising a part of the Hydrocarbon Interests and other contracts and agreements forming a part of the Oil and Gas
Properties of the Note Parties. Specifically in connection with the foregoing, except for those as could not be reasonably expected to have a Material Adverse Effect, (i) no Oil and Gas Property of the Note Parties is subject to having
allowable production reduced below the full and regular allowable (including the maximum permissible tolerance) because of any overproduction (whether or not the same was permissible at the time) and (ii) none of the wells comprising a part of
the Oil and Gas Properties (or Properties unitized therewith) of the Note Parties is deviated from the vertical more than the maximum permitted by Governmental Requirements, and such wells are bottomed under and are producing from, and the well
bores are wholly within, the Oil and Gas Properties (or in the case of wells located on Properties unitized therewith, such unitized Properties) of the Note Parties. All pipelines, wells, gas processing plants, platforms and other material
improvements, fixtures and equipment owned in whole or in part by the Note Parties that are necessary to conduct normal operations are being maintained in a state adequate to conduct normal operations, and with respect to such of the foregoing which
are operated by the Note Parties, in a manner consistent with the Note Parties’ past practices (other than those the failure of which to maintain in accordance with this Section 7.18 could not reasonably be expected to have a Material
Adverse Effect). 
 Section 7.19    Gas Imbalances; Prepayments. Except as
set forth on Schedule 7.19 or on the most recent certificate delivered pursuant to Section 8.12(b), on a net basis there are no gas imbalances take or pay or other prepayments which would require any Note Party to deliver Hydrocarbons
produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) of the aggregate volumes of natural gas (on an Mcf basis) listed in the most recent Reserve
Report. 

  
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 Section 7.20    Marketing of
Production. Except for contracts listed and in effect on the date hereof on Schedule 7.20, and thereafter either disclosed in writing to the Agent or included in the most recently delivered Reserve Report, (a) the Note Parties are
receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity and
(b) no material agreements exist which are not cancelable on 90 days’ notice or less without penalty or detriment for the sale of production from the Note Parties’ Hydrocarbons (including calls on or other rights to purchase,
production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date hereof. 

Section 7.21    Security Documents. The Security Instruments are effective to
create in favor of the Agent, for the benefit of the Secured Parties, a legal, valid and enforceable security interest in the Mortgaged Property and Collateral and proceeds thereof. The Obligations are and shall be at all times secured by a legal,
valid and enforceability perfected Second Priority Liens in favor of the Agent, covering and encumbering the Mortgaged Properties and other Collateral, to the extent perfection has occurred or will occur, by the recording of a mortgage, the filing
of a UCC financing statement or, with respect to Equity Interests represented by certificates, by possession (in each case, to the extent available in the applicable jurisdiction); provided that, except in the case of pledged Equity Interests or as
otherwise provided herein, Liens permitted by Section 9.03 may exist. 

Section 7.22    Swap Agreements and Eligible Contract Participant.
Schedule 7.22 sets forth a true and complete list of all Swap Agreements of the Note Parties as of the date hereof. After the date hereof, each report required to be delivered by the Issuer pursuant to Section 8.01(d) sets forth a true and
complete list of all Swap Agreements of the Note Parties, the material terms thereof (including the type, term, effective date, termination date and notional amounts or volumes), the estimated net mark to market value thereof, all credit support
agreements relating thereto (including any margin required or supplied, but excluding the Security Instruments) and the counterparty to each such agreement. 

Section 7.23    Use of Proceeds . The proceeds of the Notes shall be
used (i) finance a portion of the purchase price of the Whitehorse Asset Acquisition, (ii) to provide funds for working capital, (iii) to finance capital expenditures, (iv) for the acquisition and development by the Issuer and
its Subsidiaries of Oil and Gas Properties permitted hereunder and (v) for general corporate purposes of the Issuer and its Subsidiaries. No Note Party is engaged principally, or as one of its or their important activities, in the business of
extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Note will be used for any purpose which
violates the provisions of Regulations T, U or X of the Board. 

Section 7.24    Solvency. After giving effect to the Transactions,
(a) the aggregate assets (after giving effect to amounts that could reasonably be received by reason of indemnity, offset, insurance or any similar arrangement), at a fair valuation, of the Note Parties, taken as a whole, will exceed the
aggregate Debt of the Note Parties on a consolidated basis, as the Debt becomes absolute and matures, (b) each Note Party will not have incurred or intended to incur, and will not believe that it will incur, Debt beyond its ability to pay such
Debt (after taking into account the timing and amounts of cash to be received by it and the amounts to be payable on or in respect of its liabilities, and giving effect to amounts that could reasonably be received by reason of indemnity, offset,
insurance or any similar arrangement) as such Debt becomes absolute and matures and (c) each Note Party will not have (and will have no reason to believe that it will have thereafter) unreasonably small capital for the conduct of its business.

  
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 Section 7.25    Anti-Corruption Laws; Sanctions; OFAC. 
 (a)    The Issuer has
implemented and maintains in effect policies and procedures designed to ensure compliance by the Issuer, its Subsidiaries and their respective directors, officers, employees and agents with applicable
Anti-Corruption Laws and applicable Sanctions. 
 (b)    The
Issuer, its Subsidiaries, their respective officers and employees and, to the knowledge of the Issuer, its directors and agents are in compliance with Anti-Corruption Laws and applicable Sanctions in all
material respects and are not knowingly engaged in any activity that would reasonably be expected to result in any Note Party being designated as a Sanctioned Person. 

(c)    None of (i) the Issuer, any Subsidiary or any of their respective directors, officers or
employees, or (ii) to the knowledge of the Issuer, any agent of the Issuer that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person. The Issuer will not directly or, to its
knowledge, indirectly use the proceeds from the Notes or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other Person, for the purpose of financing the activities of any Person currently subject
to any applicable Sanctions. 
 Section 7.26    EEA Financial Institution.
No Note Party is an EEA Financial Institution. 
 Section 7.27    Private
Offering. Neither the Issuer nor anyone acting on its behalf has offered the Notes or any similar securities for sale to, or solicited any offer to buy any of the same from, or otherwise approached or negotiated in respect thereof with, any
Person other than the Holders and not more than ten (10) other Institutional Investors, each of which has been offered the Notes at a private sale for investment. Neither the Issuer nor anyone acting on its behalf has taken, or will take, any
action that would subject the issuance or sale of the Notes to the registration requirements of Section 5 of the Securities Act or to the registration requirements of any securities or blue sky laws of any applicable jurisdiction. 

ARTICLE VIII 

Affirmative Covenants 

Until Payment in Full, the Issuer (and in the case of Sections 8.01(a), (b), (c), (f), and (g) and Section 8.04, RRI) covenants and
agrees with the Holders that: 
 Section 8.01    Financial Statements; Other
Information. The Issuer will furnish to the Agent and each Holder: 
 (a)    Annual Financial
Statements. As soon as available, but in any event in accordance with then applicable law and not later than 90 days after the end of each Fiscal Year of RRI, the audited consolidating and consolidated balance sheet for RRI and its
Consolidated Subsidiaries and related statements of operations, members’ equity, as applicable, and cash flows as of the end of and for such year, setting forth in comparative form the figures for the previous Fiscal Year, all reported on by
independent public accountants of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit other than any consistency qualification
that may result from a change in the method used to prepare the financial statements as to which such accountants concur) to the effect that such consolidated financial statements present fairly in all material respects the financial condition and
results of operations of RRI and its Consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied; provided, that the foregoing requirements shall be deemed satisfied by delivery of the audited financial statements
of RRI for such fiscal year that are filed by RRI with the SEC (so long as the same are so filed within the 90-day period specified above and otherwise delivered by email to the Agent and the Requisite
Holders). 

  
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 (b)    Quarterly Financial Statements. As soon as
available, but in any event in accordance with then applicable law and not later than 45 days after the end of each of the first three Fiscal Quarters of each Fiscal Year of RRI, the unaudited consolidating and consolidated balance sheet for
RRI and its Consolidated Subsidiaries and related statements of operations, members’ equity, as applicable, and cash flows as of the end of and for such Fiscal Quarter and the then elapsed portion of the Fiscal Year, setting forth in
comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous Fiscal Year, all certified by a Responsible Officer of RRI as presenting fairly in all material respects
the financial condition and results of operations of RRI and its Consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and
the absence of footnotes; provided, that the foregoing requirements shall be deemed satisfied by delivery of the unaudited financial statements of RRI for such fiscal quarter that are filed by RRI with the SEC (so long as the same are so filed
within the 45-day period specified above and otherwise delivered by email to the Agent and the Requisite Holders). 

(c)    Certificate of Responsible Officer – Compliance. Concurrently with any delivery of
financial statements under Section 8.01(a) or Section 8.01(b), a certificate of a Responsible Officer of each of RRI and the Issuer in substantially the form of Exhibit D
hereto (i) certifying as to whether a Default has occurred and, if a Default has occurred, specifying the details thereof and any action taken or proposed to be taken with respect thereto, (ii) setting forth reasonably detailed
calculations demonstrating compliance with Section 9.01 and (iii) stating whether any change in GAAP or in the application thereof has occurred since the date of the most recently delivered financial statements
referred to in Section 8.01(a) and (b) and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such certificate (the “Compliance
Certificate”). 
 (d)    Certificate of Responsible Officer – Swap Agreements.
Concurrently with any delivery of financial statements under Section 8.01(b), a certificate of a Responsible Officer, in form and substance satisfactory to the Requisite Holders, setting forth as of the last Business Day of
the period covered by such financial statements, a true and complete list of all Swap Agreements of each Note Party, the material terms thereof (including the type, term, effective date, termination date and notional amounts or volumes), any new
credit support agreements relating thereto (other than Security Instruments) not listed on Schedule 7.22, any margin required or supplied under any credit support document, and the counterparty to each such agreement. 

(e)    Certificate of Insurer – Insurance Coverage. Concurrently with any delivery of financial
statements under Section 8.01(a), and within ten (10) Business Days following each change in the insurance maintained in accordance with Section 8.07, certificates of insurance coverage with
respect to the insurance required by Section 8.07, in form and substance satisfactory to the Requisite Holders, and, if requested by the Agent or any Holder, all copies of the applicable policies. 

(f)    Other Accounting Reports. Promptly upon receipt thereof, a copy of each other report or
letter submitted to RRI or any Note Party by independent accountants in connection with any annual, interim or special audit made by them of the books of any such Person, and a copy of any response by such Person, or the board of directors or other
appropriate governing body of such Person, to such letter or report. 

  
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 (g)    SEC and Other Filings; Reports to Shareholders.
Promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other materials filed by RRI or any Note Party with the SEC or with any national securities exchange. 

(h)    Notices Under Material Instruments. Promptly after the furnishing thereof, copies of any
financial statement, report or notice furnished to or by any Person pursuant to the terms of any preferred stock designation, indenture, loan or credit or other similar agreement, other than this Agreement and not otherwise required to be furnished
to the Holders pursuant to any other provision of this Section 8.01. 

(i)    Lists of Purchasers. Concurrently with the delivery of any Reserve Report to the Agent
pursuant to Section 8.12, a list of all Persons purchasing Hydrocarbons from any Note Party (or, with respect to Oil and Gas Properties that are not operated by a Note Party, a list of the operators of such properties).

 (j)    Notice of Sales of Borrowing Base Properties and Unwinds of Swap Agreements. In the
event the Issuer or any of its Subsidiaries intends to sell, transfer, assign, or otherwise dispose of Oil and Gas Properties (or any Equity Interest of any Note Party that owns Oil and Gas Properties) or terminate, unwind, cancel or otherwise
dispose of or monetize Swap Agreements which would, in the aggregate with all sales or dispositions of Oil and Gas Properties or terminations or monetizations of Swap Agreements since the most recent redetermination or adjustment to the Borrowing
Base under the First Lien Credit Agreement or any other provision under the First Lien Credit Agreement which requires or permits the amount of the Borrowing Base to be adjusted (or any functionally equivalent provision under a Permitted Revolver
Refinancing Credit Agreement) constitute a Material Disposition (as defined in the First Lien Credit Agreement or any functionally equivalent term under a Permitted Revolver Refinancing Credit Agreement), written notice of such disposition,
termination, unwind or cancellation (and in any event within five Business Days following any such event, or by such other date as shall be reasonably acceptable to the Requisite Holders in their sole discretion), the price thereof and the
anticipated date of closing and any other details thereof reasonably requested by the Agent or any Holder. 

(k)    Notice of Casualty Events. Prompt written notice, and in any event within ten Business Days,
of the occurrence of any Casualty Event to any Property having a fair market value in excess of $1,000,000 or the commencement of any condemnation or eminent domain action or proceeding that could reasonably be expected to result in such a Casualty
Event. 
 (l)    Information Regarding Issuer and Guarantors. Prompt written notice of (and in any
event within ten (10) days prior thereto or such other time as the Requisite Holders may agree) any change (i) in a Note Party’s corporate name or in any trade name used to identify such Person in the conduct of its business or in the
ownership of its Properties, (ii) in the location of the Note Party’s chief executive office or principal place of business, (iii) in the Note Party’s identity or corporate structure or in the jurisdiction in which such Person is
incorporated or formed, (iv) in the Note Party’s jurisdiction of organization or such Person’s organizational identification number in such jurisdiction of organization, and (v) in the Note Party’s federal taxpayer
identification number. 

  
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 (m)    Production Report and Lease Operating
Statements. Concurrently with the delivery of any financial statements pursuant to Section 8.01(a) or (b), a report setting forth, for each Fiscal Quarter 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 Fiscal Quarter from the Oil and Gas Properties, and setting forth the related ad valorem,
severance and production taxes, lease operating expenses and capital expenditures attributable thereto and incurred for each such Fiscal Quarter. 

(n)    Annual Budget and Projections. As soon as available, but in any event not later than
30 days after the end of each Fiscal Year of the Issuer, the annual budget and any forecasts or projections of the Issuer. 

(o)    Patriot Act. Promptly upon request, all documentation and other information required by
regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA Patriot Act. 

(p)    Notices of Certain Changes. Promptly, but in any event within five (5) Business Days
after the execution thereof, copies of any amendment, modification or supplement to any of the Senior Unsecured Notes Documents or the Organizational Documents of the Issuer or any Subsidiary. 

(q)    Senior Unsecured Notes Incurrence. Written notice that it is considering incurring Senior
Unsecured Notes at least five (5) Business Days prior to the proposed incurrence of such Senior Unsecured Notes. In connection therewith the Issuer will from time to time provide to the Agent copies of existing drafts of the Senior Unsecured
Notes Documents as requested by the Agent or the Requisite Holders, and the Issuer will also promptly deliver to the Agent and the Holders copies, certified by a Responsible Officer as true and complete, of each Senior Unsecured Notes Document
following the incurrence of any Senior Unsecured Notes. 
 (r)    Other Requested Information.
Promptly following any request therefor, such other information regarding the operations, business affairs and financial condition of the Issuer or any Subsidiary (including any Plan or Multiemployer Plan and any reports or other information
required to be filed under ERISA), or compliance with the terms of this Agreement or any other Note Document, as the Agent or any Holder may reasonably request. 

(s)    First Lien Loan Document Information. Promptly, but in any event within five
(5) Business Days after the furnishing or receipt thereof (provided that any material amendments or written modifications contemplated in clause (iii) below shall be provided one (1) Business Day before their execution), copies of
(i) any notice of a redetermination or adjustment of the Borrowing Base pursuant to the First Lien Credit Facility, (ii) any notice of a Borrowing Base Deficiency, any notice of default or any notice related to the exercise of remedies, in
each case pursuant to the First Lien Credit Facility, (iii) any amendment or other written modification of the First Lien Credit Facility and (iv) copies of any material notices, reports or other written information provided under the
terms of the First Lien Credit Facility, in each case not otherwise required to be furnished to the Agent or the Holders pursuant to any other provisions of the Note Documents. 

Section 8.02    Notices of Material Events. The Issuer will furnish to the
Agent and each Holder prompt written notice of the following: 
 (a)    the occurrence of any Default;

  
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 (b)    the filing or commencement of, or the threat in
writing of, any action, suit, proceeding, investigation or arbitration by or before any arbitrator or Governmental Authority against or affecting the Note Parties thereof not previously disclosed in writing to the Holders or any material adverse
development in any action, suit, proceeding, investigation or arbitration (whether or not previously disclosed to the Holders) that, in either case, if adversely determined, could reasonably be expected to result in a Material Adverse Effect; 

(c)    the occurrence of any ERISA Event that, alone or together with any other ERISA Events that have
occurred, could reasonably be expected to result in a Material Adverse Effect; and 
 (d)    the
occurrence of any Material Adverse Effect. 
 Each notice delivered under this Section 8.02 shall be accompanied
by a statement of a Responsible Officer setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 

Section 8.03    Existence; Conduct of Business. The Issuer will, and will
cause each Note Party to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of its business and
maintain, if necessary, its qualification to do business in each other jurisdiction in which its Oil and Gas Properties is located or the ownership of its Properties requires such qualification, except where the failure to so qualify could not
reasonably be expected to have a Material Adverse Effect; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under Section 9.10. 

Section 8.04    Payment of Obligations. The Issuer will, and will cause each
other Note Party to, pay its obligations, including Tax liabilities of each Note Party and RRI will pay its Tax liabilities, in each case, before the same shall become delinquent or in default, except where (a) the validity or amount thereof is
being contested in good faith by appropriate proceedings, (b) such Note Party or RRI, as the case may be, has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (c) the failure to make payment pending
such contest could not reasonably be expected to result in a Material Adverse Effect. 

Section 8.05    Performance of Obligations under Note Documents. The Issuer
will pay the Notes according to the terms hereof, and cause each other Note Party to, do and perform every act and discharge all of the obligations to be performed and discharged by them under the Note Documents, including this Agreement, at the
time or times and in the manner specified. 
 Section 8.06    Operation and
Maintenance of Properties. The Issuer, at its own expense, will, and will cause each other Note Party to: 

(a)    operate its Oil and Gas Properties and other material Properties or cause such Oil and Gas
Properties and other material Properties to be operated in as a reasonably prudent operator in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all applicable
Governmental Requirements, including applicable pro ration requirements and Environmental Laws, and all applicable laws, rules and regulations of every other Governmental Authority from time to time constituted to regulate the development and
operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect. 

  
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 (b)    maintain and keep in good repair, working order and
efficiency (ordinary wear and tear excepted) all of its material Oil and Gas Properties and other Properties necessary to the conduct of its business, including all equipment, machinery and facilities as would a reasonably prudent operator. 

(c)    promptly pay and discharge, or use commercially reasonable efforts to cause to be paid and
discharged, all material delay rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its Oil and Gas Properties and will do all other things necessary, in accordance with industry
standards, to keep unimpaired their rights with respect thereto and prevent any forfeiture thereof or default thereunder. 

(d)    promptly perform or use commercially reasonable efforts to cause to be performed, in accordance with
industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other material
Properties. 
 Section 8.07    Insurance. The Issuer will maintain,
with financially sound and reputable insurance companies, insurance covering all Note Parties, in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or
similar locations. The loss payable clauses or provisions in the applicable insurance policy or policies insuring any of the Collateral for the Notes shall be endorsed in favor of and made payable to the Agent as a “lender loss payee” or
other formulation acceptable to the Requisite Holders and such liability policies shall name the Agent, as the Agent for the benefit of the Secured Parties, as “additional insured”. The Issuer shall cause such policies to also provide that
the insurer will endeavor to give at least 30 days prior notice of any cancellation to the Agent (or 10 days in the case of non-payment). 

Section 8.08    Books and Records; Inspection Rights. The Issuer will, and
will cause each other Note Party to, keep proper books of record and account in accordance with GAAP. The Issuer will, and will cause each other Note Party to, permit any representatives designated by the Agent or any Holder, upon reasonable prior
notice, to visit and inspect its Properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times and as often as
reasonably requested; provided that each Holder shall provide the Issuer and the Agent with reasonable notice prior to any visit or inspection. In the event any Holder desires to conduct an audit of any Note Party, such Holder shall make a
reasonable effort to conduct such audit contemporaneously with any audit to be performed by the Agent. The Issuer shall reimburse the Agent and the Holders for all costs incurred in connection with such visitations and inspections; provided, however
that prior to the occurrence of an Event of Default, the Issuer shall only be obligated to reimburse the Agent and the Holders for all costs incurred in connection with one (1) such visitation and inspection per year. 

Section 8.09    Compliance with Laws. The Issuer will, and will cause each
Note Party to, comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its Property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a
Material Adverse Effect. The Issuer will maintain in effect and enforce policies and procedures designed to ensure compliance by the Note Parties and their respective directors, officers, employees and agents with applicable Anti-Corruption Laws and applicable Sanctions. 

Section 8.10    Environmental Matters. 

(a)    The Issuer shall: (i) comply, and shall cause its Properties and operations and each other Note
Party and each other Note Party’s Properties and operations to comply, with all 

  
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applicable Environmental Laws, except to the extent any breach thereof could not be reasonably expected to have a Material Adverse Effect; (ii) not dispose of or otherwise Release, and shall
cause each other Note Party not to dispose of or otherwise Release, any Hazardous Material, or solid waste on, under, about or from any of the Issuer’s or the other Note Parties’ Properties or any other Property to the extent caused by the
Issuer’s or any of the other Note Parties’ operations except in compliance with applicable Environmental Laws, the disposal or Release of which could reasonably be expected to have a Material Adverse Effect; (iii) timely obtain or
file, and shall cause each other Note Party to timely obtain or file, all notices, and Environmental Permits, if any, required under applicable Environmental Laws to be obtained or filed in connection with the operation or use of the Issuer’s
or the other Note Parties’ Properties, which failure to obtain or file could reasonably be expected to have a Material Adverse Effect; (iv) promptly commence and diligently prosecute to completion, and shall cause each of other Note Party
to promptly commence and diligently prosecute to completion, any assessment, evaluation, investigation, monitoring, containment, cleanup, removal, repair, restoration, remediation or other remedial obligations (collectively, the “Remedial
Work”) in the event any Remedial Work is required or reasonably necessary under applicable Environmental Laws because of or in connection with the actual or suspected past, present or future disposal or other Release of any Hazardous
Materials on, under, about or from any of the Issuer’s or the other Note Parties’ Properties, which failure to commence and diligently prosecute to completion could reasonably be expected to have a Material Adverse Effect;
(v) conduct, and cause each other Note Party to conduct, their respective operations and businesses in a manner that will not expose any Property or Person to Hazardous Materials that could reasonably be expected to form the basis for a claim
for damages or compensation, which claim could reasonably be expected to have a Material Adverse Effect; and (vi) establish and implement, and shall cause each other Note Party to establish and implement, such procedures as may be necessary to
continuously determine and assure that the Issuer’s and the other Note Parties’ obligations under this Section 8.10(a) are timely and fully satisfied, which failure to establish and implement could reasonably be
expected to have a Material Adverse Effect. 
 (b)    The Issuer will promptly, but in no event later
than five Business Days of the Issuer becoming aware thereof, notify the Agent and the Holders in writing of any threatened action, investigation or inquiry by any Governmental Authority or any demand or lawsuit by any landowner or other third party
threatened in writing against the Issuer or the other Note Parties or their Properties of which the Issuer has knowledge in connection with any Environmental Laws (excluding routine testing and corrective action) if the Issuer reasonably anticipates
that such action will result in liability (whether individually or in the aggregate) in excess of $1,000,000, not fully covered by insurance, subject to normal deductibles. 

(c)    If an Event of Default has occurred and is continuing, the Agent may (but shall not be obligated
to), at the expense of the Issuer and to the extent that the Issuer has the right to do so, conduct such Remedial Work as it deems appropriate to determine the nature and extent of any noncompliance with applicable Environmental Laws, the nature and
extent of the presence of any Hazardous Material and the nature and extent of any other environmental conditions that may exist at or affect any of the Mortgaged Properties, and the Note Parties shall cooperate with the Agent in conducting such
Remedial Work. Such Remedial Work may include a detailed visual inspection of the Mortgaged Properties, including all storage areas, storage tanks, drains and dry wells and other structures and locations, as well as the taking of soil samples,
surface water samples, and ground water samples and such other investigations or analyses as the Agent deems appropriate. The Agent and its officers, employees, the Agents and contractors shall have and are hereby granted the right to enter upon the
Mortgaged Properties for the foregoing purposes, provided that any such representative of the Agent shall comply with the Issuer’s safety, health and environmental policies and shall carry and maintain adequate insurance coverages appropriate
or customary for the tasks to be performed. 

  
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 Section 8.11    Further
Assurances. 
 (a)    The Issuer at its sole expense will, and will cause each other Note Party to,
promptly execute and deliver to the Agent all such other documents, agreements and instruments reasonably requested by the Agent or the Requisite Holders to comply with, cure any defects or accomplish the conditions precedent, covenants and
agreements of any Note Party, as the case may be, in the Note Documents or to further evidence and more fully describe the collateral intended as security for the Obligations, or to correct any omissions in this Agreement or the Security
Instruments, or to state more fully the obligations secured therein, or to perfect, protect or preserve any Liens created pursuant to this Agreement or any of the Security Instruments or the priority thereof, or to make any recordings, file any
notices or obtain any consents, all as may be reasonably necessary or appropriate, in the sole discretion of the Requisite Holders, in connection therewith. 

(b)    The Issuer hereby authorizes the Agent to file one or more financing or continuation statements, and
amendments thereto, relative to all or any part of the Mortgaged Property without the signature of the Issuer or any other Note Party where permitted by law. A carbon, photographic or other reproduction of the Security Instruments or any financing
statement covering the Mortgaged Property or any part thereof shall be sufficient as a financing statement where permitted by law. 
 
Section 8.12    Reserve Reports. 
 (a)    On or before March 1st and September 1st of each year, commencing March 1, 2018, the Issuer shall furnish to the Agent and the Holders a Reserve Report evaluating
the Oil and Gas Properties of the Issuer and the other Note Parties as of the immediately preceding January 1st and July 1st, as applicable.
The Reserve Report as of January 1st and delivered on or before March 1st of each year (the “January 1 Reserve
Report”) shall be prepared by one or more Approved Petroleum Engineers, and each other Reserve Report of each year may be prepared by one or more Approved Petroleum Engineers or internally under the supervision of the reservoir engineering
manager of the Issuer who shall certify such Reserve Report to be true and accurate in all material respects and, except as otherwise specified therein, to have been prepared in accordance with the procedures used in the immediately preceding
January 1 Reserve Report. In addition, the Issuer shall furnish to the Agent (for delivery to the Holders) each Reserve Report (together with any certifications) provided to the First Lien Administrative Agent under the First Lien Credit
Facility. 
 (b)    With the delivery of each Reserve Report, the Issuer shall provide to the Agent and
the Holders a certificate (a “Reserve Report Certificate”) from a Responsible Officer certifying that in all material respects: (i) the information contained in the Reserve Report and any other information delivered in
connection therewith is true and correct, (ii) the Issuer or the other Note Parties own good and defensible title to the Oil and Gas Properties evaluated in such Reserve Report and such Properties are free of all Liens except for Liens
permitted by Section 9.03, (iii) except as set forth on an exhibit to the certificate, on a net basis there are no gas imbalances, take or pay or other prepayments in excess of the volume specified in
Section 7.19 with respect to its Oil and Gas Properties evaluated in such Reserve Report which would require the Issuer or any other Note Party to deliver Hydrocarbons either generally or produced from such Oil and Gas
Properties at some future time without then or thereafter receiving full payment 

  
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therefor, (iv) none of their Oil and Gas Properties evaluated in the immediately previous Reserve Report have been sold since the date of the last Borrowing Base determination except as set
forth on an exhibit to the certificate, which exhibit shall list all of its Oil and Gas Properties sold and in such detail as reasonably required by the Agent, (v) attached to the certificate is a list of all marketing agreements entered into
by a Note Party subsequent to the later of the date hereof or the most recently delivered Reserve Report which the Issuer could reasonably be expected to have been obligated to list on Schedule 7.20 had such agreement been
in effect on the date hereof and (vi) attached thereto is a schedule of the Oil and Gas Properties evaluated by such Reserve Report that are Mortgaged Properties and demonstrating the percentage of the Oil and Gas Properties that the value of
such Mortgaged Properties represent and that such percentage is in compliance with Section 
8.14(a). 
 Section 8.13    Title Information. 

(a)    (i) Prior to Discharge of First Lien Non-Excluded
Obligations, concurrently with delivery thereof to the First Lien Administrative Agent or (ii) upon Discharge of First Lien Non-Excluded Obligations, on or before delivery to the Agent (for delivery to
the Holders) of each Reserve Report required by Section 8.12(a), the Issuer will deliver title information to the Agent (for delivery to the Holders) in form and substance acceptable to the Requisite Holders
(provided that prior to Discharge of First Lien Non-Excluded Obligations, title information acceptable to the First Lien Administrative Agent shall be deemed acceptable to the Requisite Holders)
covering enough of the Oil and Gas Properties evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report (which may be the Initial Reserve Report), so that the Agent shall have received, together with title
information previously delivered to the Agent, satisfactory title information on at least 85% of the PV-9 of the Oil and Gas Properties evaluated by such Reserve Report. 

(b)    If the Issuer has provided title information for additional Properties under
Section 8.13(a), the Issuer shall, within 60 days after notice from the Agent or the Holders, which notice must be delivered no later than 60 days after receipt of such title information by the Agent, that title defects or
exceptions exist with respect to such additional Properties, unless, prior to Discharge of First Lien Non-Excluded Obligations, such title information had previously been determined to be acceptable by the
First Lien Administrative Agent, either (i) cure any such title defects or exceptions (including defects or exceptions as to priority) which are not permitted by Section 9.03 raised by such information,
(ii) substitute Collateral acceptable to the Requisite Holders (provided that, prior to Discharge of First Lien Non-Excluded Obligations, substitute Collateral acceptable to the First Lien
Administrative Agent shall be deemed acceptable to the Holders) which constitutes Oil and Gas Properties with no title defects or exceptions except for Liens permitted under Section 9.03 having an equivalent or greater
value or (iii) deliver title information in form and substance acceptable to the Requisite Holders (provided that, prior to Discharge of First Lien Non-Excluded Obligations, title information
acceptable to the First Lien Administrative Agent shall be deemed acceptable to the Requisite Holders) so that the Agent shall have received, together with title information previously delivered to the Agent, satisfactory title information on at
least 85% of the PV-9 of the Oil and Gas Properties evaluated by such Reserve Report. 
 
Section 8.14    Additional Collateral; Additional Guarantors. 

(a)    In connection with each redetermination of the Borrowing Base and at any other times reasonably
elected by the Agent or the Requisite Holders, the Issuer shall review the Reserve Report and the list of current Mortgaged Properties (as described in Section 8.12(b)) to 

  
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ascertain whether the Mortgaged Properties represent at least (i) 95% of the PV-9 of the Proved Reserves evaluated in the most recent Reserve Report, (ii)
95% of the PV-9 of the Proved Developed Producing Reserves evaluated in the most recent Reserve Report, (iii) 100% of the total gross acreage of the Note Parties on the Effective Date, (iv) 90% of the total
gross acreage of the Note Parties at any time after the Effective Date, (v) substantially all of the Note Parties’ Midstream Properties and any infrastructure or related Oil and Gas Property (excluding, for the avoidance of doubt, any
Midstream Properties constituting Excluded Assets), (vi) all of the Whitehorse Assets acquired on the Effective Date and (vii) any other of the Note Parties’ Oil and Gas Properties requested by the Agent of the Requisite Holders from time
to time with a fair market value in excess of $2,000,000, in each case, after giving effect to exploration and production activities, acquisitions (including the Whitehorse Asset Acquisition), dispositions and production (collectively, the
“Minimum Mortgage Requirements”). In the event that the Mortgaged Properties do not satisfy the Minimum Mortgage Requirements, then the Issuer shall, and shall cause the other Note Parties to, grant, within thirty (30) days of
delivery of the certificate required under Section 8.12(b) (or, in the case of clause (vii) above, within thirty (30) days of the Agent’s or Requisite Holders’ written request), to the Agent as security
for the Obligations, a Second Priority Lien (provided that Liens permitted by Section 9.03 may exist) on additional Oil and Gas Properties, Midstream Properties (excluding, for the avoidance of doubt, any Midstream Properties constituting
Excluded Assets) and properties described in the definition of Minimum Mortgage Requirements not already subject to a Lien of the Security Instruments such that after giving effect thereto, the Mortgaged Properties will satisfy the Minimum Mortgage
Requirements. All such Liens will be created and perfected by and in accordance with the provisions of deeds of trust, security agreements and financing statements or other Security Instruments, all in form and substance reasonably satisfactory to
the Requisite Holders and in sufficient executed (and acknowledged where necessary or appropriate) counterparts for recording purposes. In order to comply with the foregoing, if any Domestic Subsidiary grants a Lien on its Oil and Gas Properties
pursuant to Section 8.14(a) and such Domestic Subsidiary is not a Guarantor, then it shall become a Guarantor and comply with Section 8.14(b). 

(b)    The Issuer shall promptly cause each newly created or acquired Domestic Subsidiary that is a Wholly-Owned Subsidiary to guarantee the Obligations pursuant to the Guaranty Agreement and to grant a lien and security interest in all of its Collateral (as defined in the applicable security agreement, but which
shall in no event include Excluded Assets) pursuant to a security agreement. In connection with any such guaranty, the Issuer shall, or shall cause (i) such Domestic Subsidiary to execute and deliver the Guaranty Agreement (or a supplement
thereto, as applicable) and a security agreement (or a supplement thereto, as applicable) and (ii) the owners of the Equity Interests of such Domestic Subsidiary to pledge all of the Equity Interests of such new Domestic Subsidiary (including
delivery of original stock certificates evidencing the Equity Interests of such Subsidiary, together with an appropriate undated stock powers for each certificate duly executed in blank by the registered owner thereof) and to execute and deliver
such other additional closing documents, legal opinions and certificates as shall reasonably be requested by the Requisite Holders. 

(c)    In the event that any Note Party becomes the owner of a Domestic Subsidiary, then the Note Party
shall (i) pledge 100% of all the Equity Interests of such Domestic Subsidiary, in each case, that are owned by such Note Party and to the extent such pledge does not occur automatically under the Guaranty Agreement (including, in each case,
delivery of original stock certificates, if any, evidencing such Equity Interests, together with appropriate stock powers for each certificate duly executed in blank by the registered owner thereof) and (ii) (along with such Domestic
Subsidiary) execute and deliver such other additional closing documents and certificates as shall reasonably be requested by the Requisite Holders. 

  
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 (d)    The Issuer hereby guarantees the payment of all
Obligations of each Note Party (other than the Issuer) and absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time to each Note Party (other than the Issuer) in order for such
Note Party to honor its obligations under its respective Guaranty Agreement and other Security Instruments including obligations with respect to Swap Agreements (provided, however, that the Issuer shall only be liable under this
Section 8.14(d) for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 8.14(d), or otherwise under this Agreement or any Note
Document, as it relates to such other Note Parties, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of the Issuer under this
Section 8.14(d) shall remain in full force and effect until the Commitments have expired or terminated and the principal of and interest on each Note and all fees payable hereunder and all other amounts payable under the
Note Documents have been paid in full. 
 Section 8.15    ERISA Compliance.
The Issuer will promptly furnish and will cause its Subsidiaries and any ERISA Affiliate to promptly furnish to the Agent (i) upon becoming aware of the occurrence of any ERISA Event or of any Prohibited Transaction, in each case, that could
reasonably be expected to result in a Material Adverse Effect, in connection with any Plan or any trust created thereunder, a written notice of the Issuer or Subsidiary of the Issuer, as the case may be, specifying the nature thereof, what action
such Person is taking or proposes to take with respect thereto, and, when known, any action taken or proposed by the Internal Revenue Service, the Department of Labor or the PBGC with respect thereto, and (ii) upon receipt thereof, copies of
any notice of the PBGC’s intention to terminate or to have a trustee appointed to administer any Plan. Promptly following receipt of a reasonable request by the Agent, the Issuer will furnish and will cause each Subsidiary to promptly furnish
to the Agent copies of any documents described in Sections 101(k) or 101(l) of ERISA that any Note Party may request with respect to any Multiemployer Plan; provided, that if the Note Parties have not requested such documents or notices from
the administrator or sponsor of the applicable Multiemployer Plan, then, upon reasonable request of the Agent, the Note Parties shall promptly make a request for such documents or notices from such administrator or sponsor and the Issuer shall
provide copies of such documents and notices to the Agent promptly after receipt thereof. 

Section 8.16    Account Control Agreements; Location of Proceeds of the
Notes. 
 (a)    All of the Note Parties’ Accounts other than Excluded Accounts shall at all
times be subject to an Account Control Agreement, except that in the case of any newly established Account, any Account that ceases to be an Excluded Account or any Account acquired pursuant to an acquisition permitted under
Section 9.05 (and which was not formed by any then-existing Note Party in contemplation of such acquisition), so long as the Issuer provides the Agent with written notice of the existence of such Account within five
(5) Business Days following the date of such establishment, change of status or acquisition (or such later date as the Agent and the Requisite Holders may agree in their sole discretion), the Issuer will have thirty (30) days following the
date of such establishment, change of status or acquisition (or such later date as the Agent and the Requisite Holders may agree in their sole discretion) to subject such account to an Account Control Agreement. No Note Party will deposit the
proceeds of the Notes in an Account that is not subject to an Account Control Agreement. 
 (b)    The
Issuer will, and will cause each Note Party to, until the proceeds of any Notes are transferred to a third party in a transaction not prohibited by the Note Documents, hold the proceeds of any Notes purchased under this Agreement in an Account that
is subject to an Account Control Agreement. 

  
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 Section 8.17    EEA Financial
Institution. No Note Party is an EEA Financial Institution. 

Section 8.18    Minimum Hedging Volumes. The Issuer and/or other Note
Parties will (a) within 45 days after the Effective Date (or such later date with the consent of the Requisite Holders in their sole discretion), enter into Swap Agreements reasonably satisfactory to the Requisite Holders with Approved
Counterparties pursuant to which the Note Parties have hedged notional volumes of not less than (x) 85% of the reasonably anticipated projected production (based on the Initial Reserve Report updated by the Issuer to include wells brought into
production prior to the Effective Date) of crude oil and natural gas, calculated separately, from Proved Developed Producing Reserves of Oil and Gas Properties of the Note Parties for each month during the subsequent
thirty-six (36) calendar month period immediately following the Effective Date and (y) 60% of the reasonably anticipated projected production (based on the Initial Reserve Report updated by the Issuer to
include wells brought into production prior to the Effective Date) of crude oil and natural gas, calculated separately, from Proved Developed Producing Reserves of Oil and Gas Properties of the Note Parties for each month during the thirty-seven
(37) to sixty (60) calendar month period immediately following the Effective Date and (b) maintain at all times Swap Agreements reasonably satisfactory to the Requisite Holders with Approved Counterparties pursuant to which the Note
Parties shall hedge notional volumes of not less than 85% of the reasonably anticipated projected production (based on the then most recently delivered Reserve Report hereunder) of crude oil and natural gas, calculated separately, from Proved
Developed Producing Reserves of Oil and Gas Properties of the Note Parties for each calendar quarter during the subsequent thirty-six (36) calendar month period immediately following any date of
determination (in each case, as forecasted based upon the most recent Reserve Report delivered pursuant hereto (after, for the avoidance of doubt, giving effect to the acquisition of the Whitehorse Assets being acquired pursuant to the Whitehorse
Acquisition Agreement on and as of the Effective Date)); provided, that to the extent the delivery of a new Reserve Report hereunder results in a failure to satisfy the requirements of this clause (b), the Note Parties shall have thirty
(30) days following the delivery of such Reserve Report (or such later date with the consent of the Requisite Holders in their sole discretion) to enter into additional Swap Agreements to the extent necessary to satisfy the requirements of this
clause (b). 
 ARTICLE IX 

Negative Covenants 
 Until
Payment in Full, the Issuer (and in the case of Sections 9.19 and 9.24, RRI) covenants and agrees with the Holders that: 
 
Section 9.01    Financial Covenant. 
 (a)    Ratio of Total
Funded Debt to EBITDAX. The Issuer will not, as of the last day of any Fiscal Quarter, commencing with the Fiscal Quarter ending December 31, 2017, permit its ratio of Total Funded Debt as of such time to EBITDAX for the four Fiscal
Quarters ending on the last day of the Fiscal Quarter immediately preceding the date of determination for which financial statements are available to be greater than 4.0 to 1.0. 

Section 9.02    Debt. The Issuer will not, and will not permit any other Note
Party to, incur, create, assume or suffer to exist any Debt, except: 
 (a)    the Notes or other
Obligations arising under the Note Documents or any guaranty of or suretyship arrangement for the Notes or other Obligations arising under the Note Documents; 

  
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 (b)    Debt of any Note Party under Purchase Money Security
Interests and Capital Leases not to exceed $2,000,000; 
 (c)    Debt associated with worker’s
compensation claims, bonds or surety obligations required by Governmental Requirements or by third parties in the ordinary course of business in connection with the operation of, or provision for the abandonment and remediation of, the Oil and Gas
Properties; 
 (d)    (i) Debt between the Issuer and its Subsidiaries that are Note Parties,
(ii) Debt between the Subsidiaries of the Issuer which are Note Parties, and (iii) Debt extended to the Issuer and its Subsidiaries which are Note Parties by any other Note Party; provided that (1) such Debt is not held, assigned,
transferred, negotiated or pledged to any Person other than a Note Party, and (2) any such Debt owed by either the Issuer or a Guarantor shall be subordinated to the Obligations on terms set forth in the Guaranty Agreement; 

(e)    endorsements of negotiable instruments for collection in the ordinary course of business; 

(f)    obligations to royalty, overriding and working interest owners, joint interest obligations, trade
payables and other lease operating expenses incurred in the ordinary course of business which are not more than ninety (90) days past due; 

(g)    Debt associated with appeal bonds and bonds or sureties provided to any Governmental Authority or to
any other Person in connection with the operation of the Oil and Gas Properties, including with respect to plugging, facility removal and abandonment of the Oil and Gas Properties; 

(h)    Debt in respect of Senior Unsecured Notes; provided that (i) after giving effect to the
incurrence or issuance thereof, the Issuer shall be in compliance on a pro forma basis with the financial covenant set forth in Section 9.01 and (ii) the Issuer shall only be permitted to incur such Senior Unsecured
Notes if the net cash proceeds thereof (other than up to $10,000,000 in excess proceeds incurred as a result of good-faith rounding and estimation in determining the issuance amount of such Senior Unsecured Notes) are used solely to redeem in full
the Issuer Series B Preferred Units and substantially contemporaneously therewith an equivalent amount of Series B Redeemable Preferred Stock of RRI in full in accordance with the RRI Certificate of Designations no later than twenty-five
(25) days after the date of incurrence of such Senior Unsecured Notes if, and only if, at such time the Series B Redeemable Preferred Stock of RRI is owned in whole or in part by EIG (it being agreed and understood that if EIG does not own the
Series B Redeemable Preferred Stock in whole or in part at such time, no Senior Unsecured Notes may be incurred hereunder); provided that until the redemption of the Issuer Series B Preferred Units and the Series B Redeemable Preferred Stock
of RRI, such net cash proceeds received from the issuance of the Senior Unsecured Notes shall be held in a deposit account subject to an Account Control Agreement; 

(i)    to the extent constituting Debt, obligations in respect of Swap Agreements; 

(j)    other Debt, not to exceed $3,000,000 in the aggregate at any one time outstanding; 

(k)    any guarantee of any other Debt permitted to be incurred hereunder; 

  
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 (l)    Debt in respect of the First Lien Credit Facility that
is subject to the terms of the Intercreditor Agreement; provided that (i) such Debt is a single conforming commercial banking revolving facility for oil and gas secured loan transactions with no differentiation among the First Lien
Lenders and all such Debt is pari passu in right of payment, pricing, maturity, security and liquidation thereof, (ii) the Person selected to be the administrative agent thereunder is PNC Bank, National Association or another administrative
agent recognized as being an established administrative agent for commercial banking borrowing base lending facilities for oil and gas secured transactions and (iii) the First Lien Lenders are commercial banking institutions that invest in
conforming revolving borrowing base facilities of such type in the ordinary course of business; and 

(m)    obligations in respect of any Issuer Preferred Units so long as such obligations are not classified
as debt under GAAP or no mandatory redemption payment is then due; provided, however, even if such Issuer Preferred Units are classified as debt under GAAP or a mandatory redemption payment is due thereunder (“Reclassified Units”), such
Reclassified Units shall still be deemed permitted under this Section 9.02 as long as the Borrower is in pro forma compliance with Section 9.01 measured upon giving effect to such Reclassified Units. 

Section 9.03    Liens. The Issuer will not, and will not permit any other
Note Party to, create, incur, assume or permit to exist any Lien on any of its Properties (now owned or hereafter acquired), except: 

(a)    Liens securing the payment of any Obligations; 

(b)    Excepted Liens; 

(c)    Liens securing Purchase Money Security Interests and Capital Leases permitted by
Section 9.02(b) but only on the Property that is the subject of any such purchase money financing or such lease, accessions and improvements thereto, insurance thereon, and the proceeds of the foregoing; 

(d)    Liens securing the First Lien Secured Obligations, subject to the Intercreditor Agreement; and 

(e)    other Liens on Property not constituting Collateral not to exceed $3,000,000 in the aggregate at any
one time outstanding. 
 Section 9.04    Restricted Payments. The Issuer
will not, and will not permit any of the other Note Party to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except 

(a)    the Issuer may make Restricted Payments with respect to its Equity Interests payable solely in
additional shares of its Equity Interests (other than Disqualified Capital Stock); 
 (b)    Subsidiaries
may declare and pay dividends and other Restricted Payments to the Issuer and any other Note Party; 

(c)    so long as no Default or Event of Default exists or would result therefrom, the Issuer may make
Permitted Tax Distributions; provided that in the case of an Excess Tax Distribution, the Issuer may only make such distribution so long as both before and immediately after giving effect to such Excess Tax Distribution (i) the unused
total Commitments (as such 

  
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term is defined in the First Lien Credit Facility or a substantively equivalent term is defined under the First Lien Credit Facility outstanding at such time) then in effect shall be equal to or
greater than 20% of such total Commitments then in effect and (ii) the Issuer’s ratio of Total Funded Debt to EBITDAX is not greater than 3.50 to 1.00 (using (x) Total Funded Debt outstanding on such date after giving effect to such
Restricted Payment and (y) EBITDAX for the four Fiscal Quarters ending on the last day of the Fiscal Quarter immediately preceding such date for which financial statements are available); 

(d)    (i) with respect to Issuer Preferred Units other than the Issuer Series B Preferred Units, the
Issuer may make Cash distributions in an amount not to exceed $8,000,000 in any Fiscal Year of the Issuer to promptly fund dividends or distributions on any such Issuer Preferred Units (for the purpose of allowing RRI to make subsequent equivalent
dividends or distributions on the corresponding preferred Equity Interests of RRI); provided that any such Issuer Preferred Units issued after the Effective Date shall be on the same terms and conditions as those governing the Issuer Series A
Preferred Units issued by the Issuer prior to the Effective Date or on terms and conditions otherwise acceptable to the Required Holders; and provided, further, that both before and immediately after giving effect to such Restricted Payment
(A) no Default or Event of Default exists and (B) the Issuer’s ratio of Total Funded Debt to EBITDAX is not greater than 3.50 to 1.00 (using (x) Total Funded Debt outstanding on such date after giving effect to such Restricted
Payment and (y) EBITDAX for the four Fiscal Quarters ending on the last day of the Fiscal Quarter immediately preceding such date for which financial statements are available); and (ii) with respect to the Issuer Series B Preferred Units,
the Issuer may make Cash distributions in an amount not to exceed the sum of (1) $25,000,000 in any Fiscal Year of the Issuer to promptly fund dividends or distributions on the Issuer Series B Preferred Units (for the purpose of allowing RRI to make
subsequent equivalent dividends or distributions on the corresponding Series B Redeemable Preferred Stock of RRI), which may be carried over to subsequent Fiscal Years to the extent that any portion of such dividend or distribution that was required
to be paid in such Fiscal Year otherwise went unpaid during such Fiscal Year, and (2) any corresponding default premiums or penalties incurred in respect of the failure to timely pay dividends or distributions on the Issuer Series B Preferred
Units, so long as both before and immediately after giving effect to such Restricted Payment (A) no Default or Event of Default exists and (B) the Issuer’s ratio of Total Funded Debt to EBITDAX is not greater than 3.50 to 1.00 (using
(x) Total Funded Debt outstanding on such date after giving effect to such Restricted Payment and (y) EBITDAX for the four Fiscal Quarters ending on the last day of the Fiscal Quarter immediately preceding such date for which financial
statements are available)); 
 (e)    the Issuer may make redemptions of the Issuer Series B Preferred
Units (for the purpose of the substantially contemporaneous redemption of an equivalent amount of Series B Redeemable Preferred Stock of RRI) with the cash proceeds of Senior Unsecured Notes permitted under Section 9.02(h)
or from the cash proceeds of the issuance of Equity Interests (other than Disqualified Capital Stock) of RRI that are contributed by RRI to the Issuer to the extent that such cash proceeds are contributed in the form of common equity and
(x) held in an account that is subject to an Account Control Agreement until applied towards such redemption of the Issuer Series B Preferred Units and (y) otherwise applied towards such redemption of the Issuer Series B Preferred Units
within twenty-five (25) days; and 
 (f)    the Issuer may make Restricted Payments to holders of
the Issuer’s Common Units in connection with any exchange of Common Units of the Issuer for Class A Common Stock of RRI pursuant to Section 4.6 of the Issuer LLC Agreement payable in Equity Interests of RRI or in cash, in each case,
to the extent that the Equity Interests and cash is received by the Issuer from RRI substantially contemporaneously therewith. 

  
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 Section 9.05    Investments, Loans
and Advances. The Issuer will not, and will not permit any other Note Party to, make or permit to remain outstanding any Investments in or to any Person, except that the foregoing restriction shall not apply to: 

(a)    Investments which are disclosed to the Holders in Schedule 9.05; 

(b)    accounts receivable arising in the ordinary course of business; 

(c)    direct obligations of the United States or any agency thereof, or obligations guaranteed by the
United States or any agency thereof, in each case maturing within one year from the date of acquisition thereof; 

(d)    commercial paper maturing within one year from the date of acquisition thereof rated in one of the
two highest grades by S&P or Moody’s; 
 (e)    deposits maturing within one year from the date
of creation thereof with, including certificates of deposit issued by, any Holder or any office located in the United States of any other bank or trust company which is organized under the laws of the United States or any state thereof, has capital,
surplus and undivided profits aggregating at least $500,000,000 (as of the date of such bank or trust company’s most recent financial reports) and has a short term deposit rating of no lower than A2 or P2, as such rating is set forth from time
to time, by S&P or Moody’s, respectively; 
 (f)    Investments in money market or similar funds
with assets of at least $1,000,000,000 and rated Aaa by Moody’s or AAA by S&P; 

(g)    Investments (i) made by the Issuer in or to its Subsidiaries that are Note Parties or
(ii) made by Note Parties to each other or the Issuer; provided, that, as a condition thereto, the Issuer and Note Parties have taken all such actions to the satisfaction of the Agent and Requisite Holders necessary to maintain
the Agent’s perfected second lien priority lien on the Property subject to such Investment; 

(h)    Investments in direct ownership interests in additional Oil and Gas Properties and gas gathering
systems related thereto or related to farm-out, farm-in, joint operating, joint venture or area of mutual interest agreements, participation agreements, gathering
systems, pipelines or other similar arrangements which are usual and customary in the oil and gas exploration and production business located within the geographic boundaries of the United States of America; 

(i)    Investments pursuant to Swap Agreements or hedging agreements otherwise permitted under this
Agreement; 
 (j)    Investments constituting deposits made in connection with the purchase of goods or
services in the ordinary course of business; 
 (k)    (A) Permitted Equity Acquisitions and (B) the
purchase or acquisition of Oil and Gas Properties by the Issuer or any Guarantor made (i) in the case of clauses (A) and (B), from the identifiable cash proceeds of the issuance of Equity Interests (other than Disqualified Capital Stock)
by RRI that are (w) contributed to the Issuer on account of the Issuer’s common Equity Interests, (x) designated by the Issuer to be used for Permitted Equity Acquisitions or the purchase or acquisition of Oil and Gas Properties in a
writing delivered to the Agent and Requisite Holders or in a public filing with the SEC prior to or promptly following such 

  
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contribution or issuance, (y) held in a segregated account that is otherwise subject to an Account Control Agreement until applied towards such Permitted Equity Acquisition or acquisition
and (z) otherwise applied towards such Permitted Equity Acquisition or acquisition within 270 days of receipt (“Qualified Equity Proceeds”) or (ii) in the case of clauses (A) and (B), from any other sources (Net Asset
Sale Proceeds, Hedge Receipts and/or Net Insurance/Condemnation Proceeds to the extent permitted under Section 3.04(a)(i)(C)) in an amount not to exceed (solely with respect to this clause (ii)) $15,000,000 for all
such Permitted Equity Acquisitions and acquisitions during any Fiscal Year and $40,000,000 in the aggregate for all such Permitted Equity Acquisitions and acquisitions during the term of this Agreement; provided that no Note Party shall be
permitted to make a Permitted Equity Acquisition or purchase or acquisition of Oil and Gas Properties under this clause (k) to the extent that a Default or an Event of Default has occurred or is continuing unless (1) in the event such
Permitted Equity Acquisition or purchase or acquisition of Oil and Gas Properties is funded solely with Qualified Equity Proceeds, such Note Party entered into a binding agreement to make such Permitted Equity Acquisition or purchase or acquisition
of Oil and Gas Properties when no Default or Event of Default had occurred and was continuing and, at such time, no Default or Event of Default was projected in good faith to occur either immediately before or immediately after giving effect to the
consummation of such Permitted Equity Acquisition or purchase of Oil and Gas Properties or (2) in the event such Permitted Equity Acquisition or purchase or acquisition of Oil and Gas Properties is funded solely with Qualified Equity Proceeds
such Default or Event of Default could be cured as a result of making such Permitted Equity Acquisition or purchase or acquisition of Oil and Gas Properties; 

(l)    Investments pursuant to Swap Agreements not prohibited under Section 9.17; 

(m)    the Whitehorse Asset Acquisition; 

(n)    the trade or exchange of nonproducing Oil and Gas Properties for Oil and Gas Properties customary in
the oil and gas business to the extent otherwise permitted under Section 9.11(h); and 

(o)    other Investments not to exceed $1,000,000 in the aggregate at any one time outstanding. 

Section 9.06    Nature of Business; No International Operations. The Issuer
will not allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. The Note Parties will not (i) acquire or make any other expenditures (whether such expenditure is
capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States or (ii) acquire or create any Foreign Subsidiary. 

Section 9.07    Proceeds of the Notes. The Issuer will not permit the
proceeds of the Notes to be used for any purpose other than those permitted by Section 7.23. No Note Party nor any Person acting on behalf of the Issuer has taken or will take any action which causes any of the Note Documents to violate
Regulations T, U or X or any other regulation of the Board or to violate Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If
requested by the Agent or the Requisite Holders, the Issuer will furnish to the Agent and each Holder FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of
the Board, as the case may be. The Issuer will not issue any Note, and the Issuer shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Note:

 (a)    in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving
of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, 

  
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 (b)    for the purpose of funding, financing or facilitating
any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country to the extent such activities, businesses or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in the United
States or, 
 (c)    in any manner that would result in the violation of any Sanctions applicable to any
party hereto. 
 Section 9.08    ERISA Compliance. Except as could not
reasonably be expected to result in a Material Adverse Effect, the Issuer will not, and will not permit any other Note Party to, at any time: 

(a)    Allow any ERISA Event to occur; or 

(b)    Contribute to or assume an obligation to contribute to, or permit any Subsidiary to contribute to or
assume an obligation to contribute to, any Multiemployer Plan. 

Section 9.09    Sale or Discount of Receivables. Except for receivables
obtained by the Note Parties out of the ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle collection of accounts receivable or the sale of defaulted
accounts arising in the ordinary course of business in connection with the compromise or collection thereof and not in connection with any financing transaction, the Issuer will not, and will not permit any other Note Party to, discount or sell
(with or without recourse) any of its notes receivable or accounts receivable. 

Section 9.10    Mergers, Etc. Neither the Issuer nor any other Note
Party will merge into or with or consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or sell, lease or otherwise dispose of (whether in one transaction or in a series of transactions) all or
substantially all of its Property to any other Person, (whether now owned or hereafter acquired) (any such transaction, a “consolidation”), or liquidate or dissolve, except that (a) any Note Party may consolidate with or into the
Issuer (provided the Issuer shall be the continuing or surviving entity) and (b) any Note Party (other than the Issuer) may consolidate with any other Note Party. 

Section 9.11    Sale of Properties and Termination of Hedging Transactions.
The Issuer will not, and will not permit any other Note Party to, sell, assign, farm-out, convey or otherwise transfer any Property (subject to Section 9.10) or otherwise monetize any Swap Agreement in
respect of commodities, in each case, except for: 
 (a)    the sale of inventory (including
Hydrocarbons) in the ordinary course of business; 
 (b)    farmouts in the ordinary course of business
of undeveloped acreage or undrilled depths to which no Proved Reserves were attributable to in the most recent Reserve Report delivered to the Agent and the Requisite Holders and assignments in connection with such farmouts; provided that
(i) this clause (b) shall not permit farmouts of undeveloped acreage or undrilled depths in respect of either the Wolfcamp or Bone Spring formations owned by the Issuer on the Effective Date and (ii) farmouts made pursuant to this
clause (b) in respect of undeveloped acreage or undrilled depths acquired pursuant to the Whitehorse Asset Acquisition shall not exceed 1,000 acres in the aggregate; 

  
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 (c)    the sale or transfer of equipment that is no longer
necessary for the business of the Issuer or such other Note Party or are replaced by equipment of at least comparable value and use; 

(d)    to the extent approved by the Requisite Holders in connection with Permitted Equity Acquisition;

 (e)    the pooling or unitization of Oil and Gas Properties to which no material Proved Reserves are
attributed in the ordinary course of business, so long as, after giving effect to the disposition and the concurrent payment of Debt under the First Lien Credit Facility and the Notes, no Event of Default or Borrowing Base Deficiency would exist or
result therefrom (after giving pro forma effect to any concurrent repayment of Debt under the First Lien Credit Facility with the cash proceeds of such disposition); 

(f)    the sale or other disposition of any Oil and Gas Property or Midstream Property or any interest
therein (including all but not less than all of Equity Interests in any Note Party that owns Oil and Gas Property or any Midstream Property), or the termination, unwinding, cancellation or other disposition of Swap Agreements having a fair market
value not to exceed $15,000,000 in any Fiscal Year for all such sales, dispositions, terminations, unwinds or cancellations and $40,000,000 in the aggregate for all such sales, dispositions, terminations, unwinds or cancellations over the term of
this Agreement; provided that: 
 (i)    no Default exists, and no Borrowing Base Deficiency is
increased by or results from, such sale or disposition of Oil and Gas Property or Midstream Property or the termination or monetization of any Swap Agreement in respect of commodities (after giving effect to any simultaneous prepayments); 

(ii)    100% of the consideration received in respect of such sale or other disposition or termination
shall be cash or other Oil and Gas Properties or Midstream Property acceptable to the Requisite Holders in their discretion; 

(iii)    the consideration received in respect of such sale or other disposition or termination or
monetization of any Swap Agreement in respect of commodities shall be equal to or greater than the fair market value of the Oil and Gas Property or Midstream Property, interest therein or Subsidiary subject of such sale or other disposition, or Swap
Agreement which is the subject of such termination or monetization (as reasonably determined by the Issuer); and 

(iv)    the Issuer shall make payments, if any, required under Section 3.04
pursuant to the terms therein; 
 (g)    transfers of Properties from any Note Party to the Issuer or any
other Note Party; provided, that, as a condition thereto, the Issuer and Note Parties have taken all such actions to the satisfaction of the Agent and Requisite Holders necessary to maintain the Agent’s perfected second lien priority
lien on the Property subject to such transfer; 

  
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 (h)    the non-cash
trade or exchange of Oil and Gas Properties to the extent constituting undeveloped acreage or undrilled depths to which no Proved Reserves were attributable to in the most recent Reserve Report delivered to the Agent and the Requisite Holders for
Oil and Gas Properties in the ordinary course of business and customary in the oil and gas business; provided that, (A) the fair market value and quality of the Oil and Gas Properties obtained by the Issuer or any Subsidiary shall be at least
as great as the fair market value and quality of the Oil and Gas Properties relinquished by the Issuer or any Subsidiary; (B) the Oil and Gas Properties obtained in such trade or exchange shall be made subject to a Mortgage in favor of the
Agent concurrently with such trade or exchange; (C) the Oil and Gas Properties obtained by the Issuer or any Subsidiary shall be located in the Delaware Basin; (D) the Oil and Gas Properties obtained by the Issuer or any Subsidiary shall
be subject to no Liens other than Liens permitted under Section 7.03; and (E) the aggregate acreage of Oil and Gas Properties disposed of pursuant to this clause (h) without obtaining Requisite Holders’ prior
written consent shall be no greater than 1,000 net mineral acres in the aggregate for all such trades or exchanges; and 

(i)    Casualty Events. 

Section 9.12    Sales and Leasebacks. The Issuer will not, and will not
permit any other Note Party to enter into any arrangement with any Person providing for the leasing by any Note Party of real or personal property that has been or is to be sold or transferred by such Note Party to such Person or to any other Person
to whom funds have been or are to be advanced by such Person on the security of such property or rental obligations of such Note Party. 
 
Section 9.13    Environmental Matters. The Issuer will not, and will not permit any other Note Party to, (a) cause or knowingly permit any of its Property to be in violation of, or (b) do anything or
knowingly permit anything to be done which will subject any such Property to any Remedial Work (other than Remedial Work done in the ordinary course of business) under, any Environmental Laws that could reasonably be expected to have a Material
Adverse Effect; it being understood that clause (b) above will not be deemed as limiting or otherwise restricting any obligation to disclose any relevant facts, conditions and circumstances pertaining to such Property to the appropriate
Governmental Authority. 
 Section 9.14    Transactions with Affiliates.
The Issuer will not, and will not permit any other Note Party to, enter into any transaction, including any purchase, sale, lease or exchange of Property or the rendering of any service, with any Affiliate unless such transactions are otherwise
permitted under this Agreement and are upon fair and reasonable terms no less favorable to it than it would obtain in a comparable arm’s length transaction with a Person not an Affiliate; provided that the foregoing shall not apply to
(a) transactions among the Issuer or its Affiliates, on the one hand, and any Holder or Person affiliated therewith, on the other hand, in connection with the Series B Redeemable Preferred Stock Issuance, the Notes or the Note Documents,
(b) transactions among the Issuer and its Affiliates entered into in connection with the Business Combination Transaction, including the Crude Oil Gathering Agreement, the Gas Gathering Agreement, the Transition Services Agreement and the
Contribution Agreement (in each case as defined in the Business Combination Agreement), (c) transactions between the Issuer or its Affiliates with RRI or its Affiliates for financial advisory, underwriting, capital raising, and other services,
(d) transactions between the Issuer and the Note Parties and (e) 
any transactions pursuant to the Tax Receivable Agreement. 
 Section 9.15    
Negative Pledge Agreements; Dividend Restrictions. The Issuer will not, and will not permit any other Note Party to, create, incur, assume or suffer to exist any contract, agreement or understanding which in any way prohibits or restricts
(a) the granting, conveying, creation or imposition of any Lien on any of its Property to secure the Obligations or which requires the consent of other Persons in connection therewith or (b) the Issuer or any other Note Party from paying
dividends or making distributions to any Note Party or receiving any money in respect of Debt or other obligations owed to it, or which requires the consent of or notice to other Persons in connection therewith; provided that (i) the

  
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foregoing shall not apply to restrictions and conditions under the Note Documents and the First Lien Documents, (ii) the foregoing shall not apply to customary restrictions and conditions
contained in agreements relating to the sale of any asset or another Note Party pending such sale; provided such restrictions and conditions apply only to the asset or other Note Party that is to be sold and such sale is permitted hereunder, and
(iii) clause (a) of the foregoing shall not apply to (A) restrictions or conditions imposed by any agreement relating to purchase money Liens or Capital Leases permitted by this Agreement if such restrictions or conditions apply only
to the property or assets securing such purchase money Liens or Capital Leases and (B) customary provisions in leases restricting the assignment thereof, (C) customary provisions restricting assignment of any licensing agreement (in which
a Note Party or its Subsidiaries are the licensee) with respect to a contract entered into by a Note Party or its Subsidiaries in the ordinary course of business and (D) customary provisions restricting subletting, sublicensing or assignment of
any intellectual property license or any lease governing any Oil and Gas Properties of a Note Party and its Subsidiaries. 
 
Section 9.16    Take-or-Pay or Other Prepayments. The Issuer will not, and will not permit any other Note Party to,
allow take-or-pay or other prepayments with respect to the Oil and Gas Properties of the Issuer or any other Note Party that would require the Issuer or such other Note
Party to deliver Hydrocarbons at some future time without then or thereafter receiving full payment therefor to exceed $1,000,000 in the aggregate. 

Section 9.17    Swap Agreements. The Issuer will not, and will not permit any
other Note Party to, enter into any Swap Agreements with any Person other than: 
 (a)    Swap Agreements
in respect of commodities (i) with an Approved Counterparty, (ii) which have a tenor not greater than five (5) years and (iii) the notional volumes for which (when aggregated and netted with other commodity Swap Agreements then
in effect other than basis differential swaps on volumes already hedged pursuant to other Swap Agreements) do not exceed, as of the date such Swap Agreement is executed and at any time thereafter (such notional volumes to be based upon the
projections contained in the then-most recently delivered Reserve Report), for the sixty (60) month period from the date such Swap Agreement (including each trade or transaction) is executed, 100% of the
reasonably anticipated projected production (as such production is projected in the most recent Reserve Report (which may be the Initial Reserve Report) delivered pursuant to the terms of this Agreement) from Proved Oil and Gas Properties of the
Note Parties for each of crude oil, natural gas and natural gas liquids, calculated separately; provided that (1) in no event shall any Swap Agreement contain any requirement, agreement or covenant for any Note Party to post collateral
or margin to secure their obligations under such Swap Agreement or to cover market exposures (other than under the Security Instruments), other than cash or letters of credit in an aggregate amount at any time not to exceed $2,500,000, (2) Swap
Agreements shall only be entered into in the ordinary course of business (and not for speculative purposes), and (3) no Swap Agreement in respect of commodities shall be terminated, unwound, cancelled or otherwise disposed of except to the
extent permitted by Section 9.11; and 
 (b)    Swap Agreements in respect of
interest rates with an Approved Counterparty, the notional amounts of which, when aggregated with all other interest rate Swap Agreements of the Issuer and the Note Parties then in effect, do not exceed 75% of the then outstanding principal amount
of the Issuer’s and the Note Party’s aggregate Debt for borrowed money; provided that in no event shall any Swap Agreement contain any requirement, agreement or covenant for the Issuer or any Note Party to post collateral or margin
to secure their obligations under such Swap Agreement or to cover market exposures other than collateral provided for in, and upon the terms and conditions set forth in, this Agreement and the relevant Security Instruments. 

  
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 Section 9.18    Amendments to
Organizational Documents and Material Contracts. The Issuer shall not, and shall not permit any other Note Party to, (a) amend, supplement or otherwise modify (or permit to be amended, supplemented or modified) its Organizational Documents,
the Crude Oil Gathering Agreement, the Gas Gathering Agreement, the Transition Services Agreement or the Contribution Agreement (in each case as defined in the Business Combination Agreement) and the Tax Receivable Agreement, in any material respect
that could reasonably be expected to be adverse to the interests of the Agent or the Holders without the consent of the Agent (not to be unreasonably withheld or delayed), other than (i) amendments that delete or reduce any fees payable by any
Note Party to a Person other than the Agent or any Holder, (ii) the termination of services provided under the Transition Services Agreement as contemplated therein or (iii) the extension of services under the Transition Services
Agreements on substantially similar commercial terms, or (b) (i) amend, supplement or otherwise modify (or permit to be amended, supplemented or modified) any agreement to which it is a party, (ii) terminate, replace or assign any of
the Note Party’s interests in any agreement or (iii) permit any agreement not to be in full force and effect and binding upon and enforceable against the parties thereto, in each case if such occurrence could be reasonably expected to
result in a Material Adverse Effect. Notwithstanding the foregoing, the Issuer shall not, and shall not permit any other Note Party to, amend, supplement or otherwise modify (or permit to be amended, supplemented or modified) any provision of its
Organizational Documents with respect to preferred Equity Interests, including ownership, issuance or distributions with respect thereto, without the consent of the Agent; provided, that such amendments, supplements or modifications may be
undertaken in order to authorize additional Equity Interests in order to make Restricted Payments in Equity Interests contemplated under Section 9.04(a). 

Section 9.19    Changes in Fiscal Periods. RRI and the Issuer shall not, and
shall not permit any other Note Party to have its Fiscal Year end on a date other than December 31 or change the its method of determining Fiscal Quarters. 

Section 9.20    No Subsidiaries. The Issuer shall not permit, and shall not
permit the other Note Parties to own or create directly or indirectly any Subsidiaries other than any Subsidiary formed after the Effective Date that joins this Agreement as a Guarantor in accordance with Section 8.14(b). 

Section 9.21    Redemption of Senior Unsecured Notes; Amendment of Senior
Unsecured Notes Documents. The Issuer will not, and will not permit the other Note Parties to: 

(a)    prior to the Maturity Date call, make or offer to make any optional or voluntary Redemption of or
otherwise optionally or voluntarily Redeem (whether in whole or in part) any Senior Unsecured Notes; provided that, so long as no Event of Default or Borrowing Base Deficiency shall have occurred and be continuing or would result therefrom, the
Issuer may optionally prepay Senior Unsecured Notes, in whole or in part, with the proceeds of Senior Unsecured Notes; 

(b)    in the case of Senior Unsecured Notes or any Senior Unsecured Notes Documents related thereto,
amend, modify, waive or otherwise change, consent or agree to any amendment, modification, waiver or other change to, any of the terms of any such Senior Unsecured Notes or any Senior Unsecured Notes Document related thereto if the effect thereof
would be cause such Debt no longer to qualify as Senior Unsecured Notes pursuant to the definition thereof; or 

(c)    designate any Debt (other than obligations of the Issuer and the Subsidiaries pursuant to the Note
Documents) as “Specified Senior Indebtedness” or “Specified Guarantor Senior Indebtedness” or give any such other Debt any other similar designation. 

  
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 Section 9.22    Marketing
Activities. The Issuer will not, and will not permit any of the other Note Parties to, engage in marketing activities for any Hydrocarbons or enter into any contracts related thereto other than (i) contracts for the sale of Hydrocarbons
scheduled or reasonably estimated to be produced from their Proved Oil and Gas Properties during the period of such contract, (ii) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from Proved Oil and Gas
Properties of third parties during the period of such contract associated with the Oil and Gas Properties of the Issuer and the other Note Parties that the Issuer or one of the other Note Parties has the right to market pursuant to joint operating
agreements, unitization agreements or other similar contracts that are usual and customary in the oil and gas business and (iii) other contracts for the purchase and/or sale of Hydrocarbons of third parties (A) which have generally
offsetting provisions (i.e. corresponding pricing mechanics, delivery dates and points and volumes) such that no “position” is taken and (B) for which appropriate credit support has been taken to alleviate the material credit risks of
the counterparty thereto. 
 Section 9.23    Amendments to Senior Debt;
Collateral; Borrowing Base. 
 (a)    The Issuer and Note Parties shall not amend, waive, modify or
supplement and shall not consent to any amendment, waiver, modification or supplement to the First Lien Documents (as defined in the Intercreditor Agreement) or incur, create, assume or suffer to
exist any First Lien Obligations (as defined in the Intercreditor Agreement), including pursuant to any Permitted Revolver Refinancing, under any First Lien Documents, if the effect thereof would be to (i) prohibit or restrict any payment of
principal, interest or otherwise with respect to the Obligations in a manner that is more restrictive than as of the Effective Date, (ii)(A) subordinate in right of payment any First Lien Obligations to any other Debt or subordinate the Liens
securing First Lien Obligations to any other Lien or (B) other than by operation of law, permit any Debt (other than the First Lien Obligations) to be senior in right of payment or senior or pari passu in right of Lien priority to the
Obligations (for avoidance of the doubt, the foregoing shall preclude the ‘layering’ of Debt of the type set forth in clause (a) of the definition of Debt that is senior in right of payment, or senior or pari
passu in right of Lien priority to the Obligations), (iii) increase the “Applicable Margin” or any component of yield under the First Lien Loan Documents in effect on the Effective Date (excluding increases resulting from the accrual
of interest at the default rate not to exceed 2.00% per annum) such that the all-in yield would exceed the Priority Debt All-In Yield Cap (as defined in the
Intercreditor Agreement), (iv) for the Borrowing Base to not be subject to a scheduled redetermination at least twice in each twelve (12) calendar month period subject to good-faith delays in the ordinary course of making any such
scheduled redetermination, (v) shorten the scheduled maturity or termination date or (vi) contravene the Intercreditor Agreement; and 

(b)    Issuer will not, and will not permit any Subsidiary, to grant a Lien on any Property to secure
obligations outstanding under the First Lien Credit Facility without substantially contemporaneously granting to the Agent, as security for the Obligations, a Second Priority Lien on the same property pursuant to the Security Instruments (it being
understood that if any Security Instruments need to be executed to grant such Lien they shall be in form and substance reasonably satisfactory to the Requisite Holders (provided that, prior to Discharge of First Lien Non-Excluded Obligations, such documentation when entered into shall be substantially similar to the applicable corresponding First Lien Collateral Document(s))). 

Section 9.24    Negative Pledge; Restrictions on Guarantees. 

(a)    RRI will not create, incur or permit to exist, will defend, at its sole cost and expense, its Equity
Interests in the Issuer against, and will take all such other action as is necessary to remove, any Lien or claim on, in or to its Equity Interests in the Issuer. 

  
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 (b)    RRI will not be permitted to incur any Debt (other
than, to the extent constituting Debt, obligations in respect of any Series A Preferred Stock or Series B Redeemable Preferred Stock) or provide a guaranty in respect of Debt of any other Person unless RRI first becomes a Guarantor and party to the
Guaranty Agreement. 
 ARTICLE X 

Events of Default; Remedies 

Section 10.01    Events of Default. One or more of the following events
shall constitute an “Event of Default”: 
 (a)    the Issuer shall fail to (i) pay any
principal of any Note when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof, by acceleration, mandatory prepayment or otherwise or (ii) make by the time required under the
terms of Section 3.04 a Change in Control Offer or other mandatory prepayment offer; 

(b)    the Issuer shall fail to pay any interest on any Note or any fee or any other amount (other than an
amount referred to in Section 10.01(a)) payable under any Note Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of three (3) Business Days; 

(c)    any representation or warranty made or deemed made by or on behalf of RRI, the Issuer or any other
Note Party in or in connection with any Note Document or any amendment or modification of any Note Document or waiver under such Note Document, or in any report, notice, certificate, financial statement or other document furnished pursuant to or in
connection with any Note Document or any amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any material respect when made or deemed made (or, to the extent that any such representation and warranty is
qualified by materiality, such representation and warranty (as so qualified) shall prove to have been incorrect in any respect when made or deemed made); 

(d)    RRI, the Issuer or any other Note Party shall fail to observe or perform any covenant, condition or
agreement contained in Section 8.02, Section 8.03, Section 8.14, Section 8.16, Section 8.17,
Section 8.18 or in Article IX; 
 (e)    RRI, the Issuer or any other Note
Party shall fail to observe or perform any covenant, condition or agreement contained in this Agreement (other than those specified in Section 10.01(a), Section 10.01(b),
Section 10.01(c) or Section 10.01(d)) or any other Note Document, and such failure shall continue unremedied for a period of 30 days after the earlier to occur of (A) notice thereof from
the Agent to the Issuer (which notice will be given at the request of any Holder) or (B) a Responsible Officer of RRI, the Issuer or such other Note Party otherwise becoming aware of such default; 

(f)    the Issuer or any other Note Party shall fail to make any payment (whether of principal or interest
and regardless of amount) in respect of any Material Indebtedness (including any Debt under the First Lien Credit Facility), when and as the same shall become due and payable after giving effect to any grace periods applicable thereto; 

(g)    (i) any event or condition occurs that results in any Debt under the First Lien Credit Facility
becoming due prior to its scheduled maturity (with or without the giving of notice, the lapse of time or both) or subject to a mandatory prepayment to be made in respect thereof, 

  
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prior to its scheduled maturity; provided, however that this clause (g)(i) shall not apply to Debt under the First Lien Credit Facility that becomes due as a result of (x) any
Borrowing Base Deficiency or (y) the sale, transfer or other disposition of property or assets securing such Debt permitted under the terms thereof or (ii) any event or condition occurs that results in any Material Indebtedness (other than
Debt under the First Lien Credit Facility) becoming due prior to its scheduled maturity or that enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of such Material Indebtedness or any trustee
or agent on its or their behalf to cause such Material Indebtedness to become due, or to require the Redemption thereof or any offer to Redeem to be made in respect thereof, prior to its scheduled maturity or require the Issuer or any other Note
Party to make an offer in respect thereof; 
 (h)    an involuntary proceeding shall be commenced or an
involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of RRI or any Note Party, or its or their debts, or of a substantial part of its or their assets, under any Federal, state or foreign
bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for RRI, the Issuer or any other Note Party or for a
substantial part of its or their assets, and, in any such case, such proceeding or petition shall continue undismissed for sixty (60) days or an order or decree approving or ordering any of the foregoing shall be entered; 

(i)    RRI, the Issuer or any other Note Party shall (i) voluntarily commence any proceeding or file
any petition seeking liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a
timely and appropriate manner, any proceeding or petition described in Section 10.01(h), (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official
for RRI, the Issuer or any other Note Party or for a substantial part of its or their assets, (iv) file an answer admitting the material allegations of a petition filed against it or them in any such proceeding, (v) make a general
assignment for the benefit of creditors, (vi) take any action for the purpose of effecting any of the foregoing; or (vii) become unable, admit in writing its inability or fail generally to pay its debts as they become due; 

(j)    one or more judgments for the payment of money in an aggregate amount in excess of $2,000,000 (to
the extent not covered by independent third party insurance as to which the insurer does not dispute coverage and is not subject to an insolvency proceeding) shall be rendered against any Note Party or any combination thereof and the same shall
remain undischarged for a period of 30 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of any Note Party to enforce any such
judgment; 
 (k)    the Note Documents (including the Intercreditor Agreement) after delivery thereof
shall for any reason, except to the extent permitted by the terms thereof, cease to be in full force and effect and valid, binding and enforceable in accordance with their terms against RRI, the Issuer or any other Note Party thereto or, in the case
of the Intercreditor Agreement, against any other party thereto, or shall be repudiated by any of them or cease to create valid and perfected Liens of the priority required thereby on the Collateral purported to be covered thereby, except to the
extent permitted by the terms of this Agreement, or RRI, the Issuer or any other Note Party or any of their Affiliates shall so state in writing; and 

  
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 (l)    (i) an ERISA Event occurs with respect to a Plan that
has resulted or could reasonably be expected to result in a Material Adverse Effect, or (ii) the Issuer or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to
its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan that has resulted or could reasonably be expected to result in a Material Adverse Effect. 

Section 10.02    Remedies. 

(a)    In the case of an Event of Default (other than one described in
Section 10.01(h) or Section 10.01(i)), at any time thereafter during the continuance of such Event of Default, the Agent may with the consent of the Requisite Holders or shall at the request of the
Requisite Holders, by notice to the Issuer, take either or both of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) by written notice
to the Issuer, declare the Notes then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the
Notes so declared to be due and payable, together with accrued interest thereon and all fees, premiums and other obligations of the Note Parties accrued and payable hereunder and under the Notes and the other Note Documents, shall become due and
payable immediately, without presentment, demand (other than written notice), protest, notice of intent to accelerate, notice of acceleration or other notice of any kind, all of which are hereby waived by each Note Party; and in case of an Event of
Default described in Section 10.01(h) or Section 10.01(i), the Commitments shall automatically terminate and the Notes and the principal of the Notes then outstanding, together with accrued
interest thereon and all fees and the other obligations of the Issuer and the other Note Parties accrued hereunder and under the Notes and the other Note Documents Note Documents (including the amounts set forth in clause (b)), shall automatically
and immediately become due and payable, without presentment, demand, protest, notice of intent to accelerate, notice of acceleration, or other notice of any kind, all of which are hereby waived by each Note Party. 

(b)    If the maturity of the Notes shall be accelerated (under any provision of this Article X or
otherwise) (whether by notice or automatically) a premium equal to the Make-Whole Amount or Repayment Fee (in each case, determined as if the Notes were repaid at the time of such acceleration at the option of the Issuer pursuant to
Section 3.06(g)) shall become automatically and immediately due and payable, and Issuer will pay such premiums, as compensation to the Holders for the loss of their investment opportunity and not as a penalty, whether or
not a Bankruptcy Event has commenced, and (if a Bankruptcy Event has commenced) without regard to whether such Bankruptcy Event is voluntary or involuntary, or whether payment occurs pursuant to a motion, plan of reorganization, or otherwise, and
without regard to whether the Notes and other Obligations are satisfied or released by foreclosure (whether or not by power of judicial proceeding), deed in lieu of foreclosure or by any other means. Without limiting the foregoing, any acceleration,
redemption, prepayment, repayment, or payment of the Obligations in or in connection with a Bankruptcy Event shall constitute an optional prepayment thereof under the terms of Section 3.03 and require the immediate payment
of the Make-Whole Amount and Repayment Fee. Any premium payable pursuant to this Article X shall be presumed to be the liquidated damages sustained by each Lender as a result of the early redemption and the Credit parties agreed that it is
reasonable under the circumstances currently existing. 
 (c)    In the case of the occurrence of an
Event of Default, the Agent and the Holders will have all other rights and remedies available at law and equity. 

  
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 (d)    All proceeds realized from the liquidation or other
disposition of collateral or otherwise received after maturity of the Notes, whether by acceleration or otherwise, shall be applied: 

(i)    first, to payment or reimbursement of that portion of the Obligations constituting fees,
expenses and indemnities payable to the Agent in its capacity as such (including any costs and expenses related to foreclosure or realization upon, or protecting, Collateral); 

(ii)    second, pro rata to payment or reimbursement of that portion of the Obligations constituting
fees, expenses and indemnities payable to the Holders and the other Indemnitees under Section 12.03; 

(iii)    third, pro rata to payment of accrued Interest (including interest at the Default Rate, if
any) on the Notes; 
 (iv)    fourth, pro rata to pay the Change in Control Premium, Make-Whole
Amount, Repayment Fee or other amount due and payable pursuant to Section 3.06(g), if any, on the Notes (including, for the avoidance of doubt, any Change in Control Premium, Make-Whole Amount, any Repayment Fee or other
amount due and payable pursuant to Section 3.06(g) resulting from the prepayment of principal under clause fifth below); 

(v)    fifth, pro rata to payment of principal outstanding on the Notes which have not yet been
reimbursed by or on behalf of the Issuer at such time; 
 (vi)    sixth, pro rata to any other
Obligations; and 
 (vii)    seventh, any excess, after all of the Obligations shall have been
Paid in Full in cash, shall be paid to the Issuer or as otherwise required by any Governmental Requirement. 
 Notwithstanding the
foregoing, amounts received from the Issuer or any Guarantor that is not an “eligible contract participant” under the Commodity Exchange Act shall not be applied to any Excluded Swap Obligations (it being understood, that in the event that
any amount is applied to Obligations other than Excluded Swap Obligations as a result of this this clause, the Agent shall make such adjustments as it determines are appropriate to distributions pursuant to clause fourth above from amounts received
from “eligible contract participants” under the Commodity Exchange Act to ensure, as nearly as possible, that the proportional aggregate recoveries with respect to Obligations described in clause fourth above by the holders of any Excluded
Swap Obligations are the same as the proportional aggregate recoveries with respect to other Obligations pursuant to clause fourth above). 

ARTICLE XI 

The Agent 
 
Section 11.01    Appointment; Powers. U.S. Bank National Association is hereby appointed the Agent hereunder and under the other Note Documents and each Holder hereby authorizes U.S. Bank National Association, in
such capacity, to act as its agent (including as collateral agent) in accordance with the terms hereof and the other Note Documents. The Agent hereby agrees to act upon the express conditions contained herein and the other Note Documents, as
applicable. The provisions of this Section 11.01 are solely for the benefit of the Agent and the Holders and no Note Party shall have any rights as a primary or third party beneficiary of any of the provisions thereof, except as expressly set
forth herein. In 

  
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performing its functions and duties hereunder, the Agent shall act solely as an agent of the Holders and does not assume and shall not be deemed to have assumed any obligation towards or
relationship of agency or trust with or for any Note Party or any Affiliate thereof. 

Section 11.02    Duties and Obligations of the Agent. Each Holder
irrevocably authorizes the Agent to take such action on such Holder’s behalf and to exercise such powers, rights and remedies and perform such duties hereunder and under the other Note Documents as are specifically delegated or granted to the
Agent by the terms hereof and thereof, together with such actions, powers, rights and remedies as are reasonably incidental thereto. The Agent shall have only those duties and responsibilities that are expressly specified herein and the other Note
Documents. Without limiting the generality of the foregoing, the Agent shall not have or be deemed to have, by reason hereof or any of the other Note Documents, a fiduciary relationship in respect of any Holder; and nothing herein or any of the
other Note Documents, expressed or implied, is intended to or shall be so construed as to impose upon the Agent any obligations in respect hereof or any of the other Note Documents except as expressly set forth herein or therein. 

Section 11.03    General Immunity. 

(a)    No Responsibility for Certain Matters. The Agent shall not be responsible to any Holder for
the execution, effectiveness, genuineness, validity, enforceability, collectability or sufficiency hereof or any other Note Document or for any representations, warranties, recitals or statements made herein or therein or made in any written or oral
statements or in any financial or other statements, instruments, reports or certificates or any other documents furnished or made by the Agent to the Holders or by or on behalf of any Note Party to the Agent or any Holder in connection with the Note
Documents and the transactions contemplated thereby or for the financial condition or business affairs of any Note Party or any other Person liable for the payment of any Obligations, nor shall Agent be required to ascertain or inquire as to the
performance or observance of any of the terms, conditions, provisions, covenants or agreements contained in any of the Note Documents or as to the use of the proceeds of the Notes or as to the existence or possible existence of any Event of Default
or Default or to make any disclosures with respect to the foregoing. The Agent shall not be responsible for the satisfaction of any condition set forth in Article VI or elsewhere in any Note Document, other than to confirm receipt of items
expressly required to be delivered to the Agent. The Agent will not be required to take any action that is contrary to applicable law or any provision of this Agreement or any Note Document. Anything contained herein to the contrary notwithstanding,
the Agent shall not have any liability arising from confirmations of the amount of outstanding Notes or the component amounts thereof. 

(b)    Exculpatory Provisions. Subject to clause (b)(ii) hereof further limiting the liability of
the Agent, neither the Agent nor any of its officers, partners, directors, employees or agents shall be liable to the Holders for any action taken or omitted by the Agent under or in connection with any of the Note Documents, except to the extent
caused by the Agent’s gross negligence or willful misconduct as determined by a court of competent jurisdiction in a final, nonappealable order. The Agent shall be entitled to refrain from any act or the taking of any action (including the
failure to take an action) in connection herewith or any of the other Note Documents or from the exercise of any power, discretion or authority vested in it hereunder or thereunder, except powers and authority expressly contemplated hereby or
thereby, unless and until the Agent shall have received written instructions in respect thereof from Requisite Holders (or the Holders as may be required to give such instructions under Section 12.02) or in accordance with
the applicable Security Instrument, and, upon receipt of such instructions from Requisite Holders (or the Holders, as the case may be), or in accordance with the other applicable 

  
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Security Instrument, as the case may be, the Agent shall act or (where so instructed) refrain from acting, or to exercise such power, discretion or authority, in accordance with such
instructions. Without prejudice to the generality of the foregoing, (i) Agent shall be entitled to rely, and shall be fully protected in relying, upon any communication, instrument or document believed by it to be genuine and correct and to
have been signed or sent by the proper Person or Persons, and shall be entitled to rely and shall be protected and free from liability in relying on opinions and judgments of attorneys (who may be attorneys for the Note Parties), accountants,
experts and other professional advisors selected by it; and (ii) no Holder shall have any right of action whatsoever against Agent as a result of the Agent acting or (where so instructed) refraining from acting hereunder or any of the other
Note Documents in accordance with the instructions of Requisite Holders (or the Holders as may be required to give such instructions under Section 12.02) or in accordance with the applicable Security Instrument. The Agent
shall be fully justified in failing or refusing to take any action under this Agreement or any other Note Document unless Agent shall first receive such advice or concurrence of the Holders (as required by this Agreement) and until such instructions
are received, the Agent shall act, or refrain from acting, as it deems advisable. If the Agent so requests, it shall first be indemnified to its reasonable satisfaction by the Holders against any and all liability and expense that may be incurred by
it by reason of taking or continuing to take any such action. The Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Note Document in accordance with a request or consent of the
Requisite Holders and such request and any action taken or failure to act pursuant thereto shall be binding upon all of the Holders. No provision of this Agreement or any other Note Document or any agreement or instrument contemplated hereby or
thereby, the transactions contemplated hereby or thereby shall require Agent to: (i) expend or risk its own funds or provide indemnities in the performance of any of its duties hereunder or the exercise of any of its rights or power or
(ii) otherwise incur any financial liability in the performance of its duties or the exercise of any of its rights or powers. The Agent shall not be responsible for (i) perfecting, maintaining, monitoring, preserving or protecting the
security interest or lien granted under this Agreement, any other Note Document or any agreement or instrument contemplated hereby or thereby, (ii) the filing, re-filing, recording, re- recording or continuing of any document, financing statement, mortgage, assignment, notice, instrument of further assurance or other instrument in any public office at any time or times, or (iii) providing,
maintaining, monitoring or preserving insurance on or the payment of taxes with respect to any of the Collateral. The actions described in items (i) through (iii) of the immediately preceding sentence shall be the responsibility
of the Holders and the Note Parties. The Agent shall not be required to qualify in any jurisdiction in which it is not presently qualified to perform its obligations as the Agent. The Agent has accepted and is bound by the Note Documents executed by
the Agent as of the date of this Agreement and, as directed in writing by the Requisite Holders, the Agent shall execute additional Note Documents delivered to it after the date of this Agreement; provided, however, that such
additional Note Documents do not adversely affect the rights, privileges, benefits and immunities of the Agent. The Agent will not otherwise be bound by, or be held obligated by, the provisions of any loan agreement, indenture or other agreement
governing the Obligations (other than this Agreement and the other Note Documents to which such Agent is a party). No written direction given to the Agent by the Requisite Holders or any Note Party that in the sole judgment of the Agent imposes,
purports to impose or might reasonably be expected to impose upon Agent any obligation or liability not set forth in or arising under this Agreement and the other Note Documents will be binding upon Agent unless Agent elects, at its sole option, to
accept such direction. The Agent shall not be responsible or liable for any failure or delay in the performance of its obligations under this Agreement or the other Note Documents arising out of or caused, directly or indirectly, by circumstances
beyond its reasonable control, including, without limitation, acts of God; earthquakes; fire; flood; terrorism; wars and other military disturbances; sabotage; epidemics; 

  
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riots; business interruptions; loss or malfunctions of utilities, computer (hardware or software) or communication services; accidents; labor disputes; acts of civil or military authority and
governmental action. Beyond the exercise of reasonable care in the custody of the Collateral in the possession or control of the Agent or its bailee, the Agent will not have any duty as to any other Collateral or any income thereon or as to
preservation of rights against prior parties or any other rights pertaining thereto. The Agent will be deemed to have exercised reasonable care in the custody of the Collateral in its possession if the Collateral is accorded treatment substantially
equal to that which it accords its own property, and Agent will not be liable or responsible for any loss or diminution in the value of any of the Collateral by reason of the act or omission of any carrier, forwarding agency or other agent or bailee
selected by the Agent in good faith. The Agent will not be responsible for the existence, genuineness or value of any of the Collateral or for the validity, perfection, priority or enforceability of the Liens in any of the Collateral, whether
impaired by operation of law or by reason of any action or omission to act on its part hereunder, except to the extent such action or omission constitutes gross negligence or willful misconduct on the part of the Agent, as determined by a court of
competent jurisdiction in a final, nonappealable order, for the validity or sufficiency of the Collateral or any agreement or assignment contained therein, for the validity of the title of any grantor to the Collateral, for insuring the Collateral
or for the payment of taxes, charges, assessments or Liens upon the Collateral or otherwise as to the maintenance of the Collateral. The Agent hereby disclaims any representation or warranty to the present and future holders of the Obligations
concerning the perfection of the Liens granted hereunder or in the value of any of the Collateral. In the event that Agent is required to acquire title to an asset for any reason, or take any managerial action of any kind in regard thereto, in order
to carry out any fiduciary or trust obligation for the benefit of another, which in Agent’s sole discretion may cause Agent to be considered an “owner or operator” under any Environmental Laws or otherwise cause Agent to incur, or be
exposed to, any environmental liability or any liability under any other federal, state or local law, the Agent reserves the right, instead of taking such action, either to resign as the Agent or to arrange for the transfer of the title or control
of the asset to a court appointed receiver. As between the Issuer and the Agent, or with respect to any matters related to this agreement, the Issuer agrees that the Agent should not be liable to any person for any environmental liability or any
environmental claims or contribution actions under any federal, state or local law, rule or regulation by reason of the Agent’s actions and conduct as authorized, empowered and directed hereunder or relating to any kind of Release or threatened
Release of any Hazardous Materials into the environment. Each Holder authorizes and directs Agent to enter into this Agreement and the other Note Documents to which it is a party. Each Holder agrees that any action taken by the Agent or Requisite
Holders in accordance with the terms of this Agreement or the other Note Documents and the exercise by the Agent or Requisite Holders of their respective powers set forth therein or herein, together with such other powers that are reasonably
incidental thereto, shall be binding upon all of the Holders. 
 (c)    Notice of Default. The Agent shall not
be deemed to have knowledge or notice of the occurrence of any Default or Event of Default, except with respect to Events of Default in the payment of principal, interest and fees required to be paid to the Agent for the account of the Holders,
unless Agent shall have received written notice from a Holder or the Issuer in accordance with the notice requirements of Section 12.01 herein referring to this Agreement, describing such Default or Event of Default and
stating that such notice is a “notice of default.” Agent will notify the Holders of its receipt of any such notice, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such
Default or Event of Default as it shall deem advisable or in the best interest of the Holders. 

  
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 Section 11.04    Action by the
Agent. The Agent shall have no duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Note Documents that the Agent is required to exercise
in writing as directed by the Requisite Holders (or such other number or percentage of the Holders as shall be necessary under the circumstances as provided in Section 12.02) and in all cases the Agent shall be fully justified in failing or
refusing to act hereunder or under any other Note Documents unless it shall (a) receive written instructions from the Requisite Holders or the Holders, as applicable, (or such other number or percentage of the Holders as shall be necessary
under the circumstances as provided in Section 12.02) specifying the action to be taken and (b) be indemnified to its satisfaction by the Holders against any and all liability and expenses which may be incurred by it by reason of taking or
continuing to take any such action. The instructions as aforesaid and any action taken or failure to act pursuant thereto by the Agent shall be binding on all of the Holders. If a Default has occurred and is continuing, then the Agent shall take
such action with respect to such Default as shall be directed by the requisite Requisite Holders in the written instructions (with indemnities) described in this Section 11.04 provided that, unless and until the Agent shall have received such
directions, the Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default as it shall deem advisable in the best interests of the Holders. In no event, however, shall the Agent be
required to take any action which, in its opinion, or the opinion of its counsel, exposes the Agent to liability or which is contrary to this Agreement, the Note Documents or applicable law, including, for the avoidance of doubt, any action that may
be in violation of the automatic stay under any Debtor Relief Law. If a Default has occurred and is continuing, no Agent shall have any obligation to perform any act in respect thereof. The Agent shall not be liable for any action taken or not taken
by it with the consent or at the request of the Requisite Holders or the Holders (or such other number or percentage of the Holders as shall be necessary under the circumstances as provided in Section 12.02), and otherwise the Agent shall not
be liable for any action taken or not taken by it hereunder or under any other Note Document or under any other document or instrument referred to or provided for herein or therein or in connection herewith or therewith INCLUDING ITS OWN ORDINARY
NEGLIGENCE, except for its own gross negligence or willful misconduct. 

Section 11.05    The Holders’ Representations, Warranties and
Acknowledgement. 
 (a)    Each Holder represents and warrants to the Agent that it has made its own
independent investigation of the financial condition and affairs of each Note Party, without reliance upon the Agent or any other Holder and based on such documents and information as it has deemed appropriate, in connection with Note Purchases
hereunder and that it has made and shall continue to make its own appraisal of the creditworthiness of each Note Party. The Agent shall not have any duty or responsibility, either initially or on a continuing basis, to make any such investigation or
any such appraisal on behalf of the Holders or to provide any Holder with any credit or other information with respect thereto, whether coming into its possession before the purchase of the Notes or at any time or times thereafter, and the Agent
shall not have any responsibility with respect to the accuracy of or the completeness of any information provided to the Holders. 

(b)    Each Holder, by delivering its signature page to this Agreement or a joinder agreement and funding
its Note, shall be deemed to have acknowledged receipt of, and consented to and approved, each Note Document and each other document required to be approved by the Agent, Requisite Holders or the Holders, as applicable. 

Section 11.06    Successor Agent. 

(a)    Subject to the appointment and acceptance of a successor Agent as provided in this
Section 11.06, the Agent may resign at any time by giving thirty (30) days’ prior written notice thereof to the Requisite Holders, and the Issuer. The Agent may be removed as the Agent

  
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at the request of the Requisite Holders. Upon any such notice of resignation or removal, Requisite Holders shall have the right (in consultation with the Issuer unless an Event of Default shall
have occurred and is continuing), to appoint a successor Agent. If no successor shall have been so appointed by the Requisite Holders and shall have accepted such appointment within thirty (30) days after the retiring Agent gives notice of its
resignation, then the retiring Agent’s resignation shall nevertheless thereupon become effective and the Requisite Holders shall perform all of the duties of the Agent, as applicable, hereunder until such time, if any, as the Requisite Holders
appoint a successor Agent as provided for above. In such case, the Requisite Holders shall appoint one Person to act as the Agent for purposes of any communications with the Issuer, and until the Issuer shall have been notified in writing of such
Person and such Person’s notice address as provided for in Section 12.01, the Issuer shall be entitled to give and receive communications to/from the resigning Agent. Upon the acceptance of any appointment as the Agent
hereunder by a successor Agent and the payment of the outstanding fees and expenses of the resigning or removed Agent, that successor Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the
retiring or removed Agent and the retiring or removed Agent shall promptly (i) transfer to such successor Agent all sums and other items of Collateral held under the Security Instruments, together with all records and other documents necessary
or appropriate in connection with the performance of the duties of the successor Agent under the Note Documents, and (ii) execute and deliver to such successor Agent such amendments to financing statements, and take such other actions, as may
be reasonably requested in connection with the assignment to such successor Agent of the security interests created under the Security Instruments (the reasonable
out-of-pocket expenses of which shall be borne by the Issuer), whereupon such retiring or removed Agent shall be discharged from its duties and obligations hereunder.
After any retiring Agent’s resignation or any Agent’s removal hereunder as Agent, the provisions of this Section 11.06 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was
the Agent hereunder. 
 (b)    The Agent may perform any and all of its duties and exercise its rights
and powers under this Agreement or under any other Note Document by or through any one or more sub-agents appointed by the Agent and any such sub-agent may perform any
and all of its duties and exercise its rights and powers by or through their respective Affiliates. The Agent shall not be responsible for the acts or omissions of its sub-agents so long as they are appointed
with due care. The exculpatory, indemnification and other provisions of Section 11.03 shall apply to any Affiliates of the Agent and shall apply to their respective activities in connection with the syndication of the Notes
issued hereby. All of the rights, benefits and privileges (including the exculpatory and indemnification provisions) of Section 12.11(a) shall apply to any such sub-agent and to the
Affiliates of any such sub-agent, and shall apply to their respective activities as sub-agent. 

Section 11.07    Security Instruments. 

(a)    Agent under Security Instruments; Releases. Each Holder and other Secured Party hereby
irrevocably authorizes the Agent, on behalf of and for the benefit of the Holders and the other Secured Parties, to be the agent for and representative of the Holders and the other Secured Parties with respect to the Security Instruments and to
enter into such other agreements with respect to the Collateral (including intercreditor agreements) as it may deem necessary with the consent of the Requisite Holders. The Agent is expressly authorized to execute any documents or instruments or
take other actions necessary to (i) release any Lien (x) encumbering any item of Collateral that is the subject of a sale or other disposition of assets permitted hereby or (y) with respect to which release the Requisite Holders (or
the Holders as may be required to give such consent under Section 12.02) have consented to, or (ii) release any Guarantor from the 

  
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guarantee pursuant to the Guaranty Agreement with respect to (x) any Person that no longer constitutes a Subsidiary as a result of a transaction permitted hereby or (y) which release
the Requisite Holders (or such other Holders as may be required to give such consent under Section 12.02) have consented to. 

(b)    Right to Realize on Collateral and Enforce Guaranty. Anything contained in any of the Note
Documents to the contrary notwithstanding, the Issuer, the Agent and each Holder hereby agree that (i) no Holder shall have any right individually to realize upon any of the Collateral or to enforce any guaranty or exercise any other remedy
provided under the Note Documents (other than the right of set-off), it being understood and agreed that all powers, rights and remedies hereunder may be exercised solely by the Agent (acting at the written
direction of the Requisite Holders), on behalf of the Holders in accordance with the terms hereof and all powers, rights and remedies under this Agreement and the Security Instruments may be exercised solely by the Agent (acting at the written
direction of the Requisite Holders), and (ii) in the event of a foreclosure by the Agent on any of the Collateral pursuant to a public or private sale, the Agent or its nominee may be the purchaser of any or all of such Collateral at any such
sale and Agent, as the Agent for and representative of the Holders (but not any Holder or the Holders in its or their respective individual capacities unless the Requisite Holders shall otherwise agree in writing) shall be entitled, for the purpose
of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Obligations arising under the Note Documents as a credit on account of the purchase
price for any collateral payable by the Agent at such sale. 

Section 11.08    Posting of Approved Electronic Communications. 

(a)    Delivery of Communications. Each Note Party hereby agree, unless directed otherwise by
the Agent or unless the electronic mail address referred to below has not been provided by the Agent to such Person, that it will provide to the Agent all information, documents and other materials that it is obligated to furnish to the Agent or to
the Holders pursuant to the Note Documents, including all notices, requests, financial statements, financial and other reports, certificates and other information materials, but excluding any such communication that (i) is or relates to a Note
Purchase Notice, (ii) relates to the payment of any principal or other amount due under this Agreement prior to the scheduled date therefor, (iii) provides notice of any Default or Event of Default under this Agreement or any other Note
Document, or (iv) is required to be delivered to satisfy any condition precedent to the effectiveness of this Agreement and/or any Note or other Note Purchase hereunder (all such non-excluded
communications being referred to herein collectively as “Communications”), by transmitting the Communications in an electronic/soft medium that is properly identified in a format acceptable to the Issuer and Agent to an electronic
mail address as directed by the Agent. In addition, each Note Party agrees to continue to provide the Communications to the Agent or the Holders, as the case may be, in the manner specified in the Note Documents. 

(b)    No Prejudice to Notice Rights. Nothing herein shall prejudice the right of the Agent or any
Holder to give any notice or other communication pursuant to any Note Document in any other manner specified in such Note Document. 
 
Section 11.09    Agent May File Proofs of Claim. The Holders and each Note Party hereby agree that after the occurrence of an Event of Default pursuant to Section 10.01(h) or Section 10.01(i), in case of
the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any Note Party, the Agent (irrespective of whether the principal of any Note shall
then be due and payable as herein expressed or by declaration or 

  
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otherwise and irrespective of whether Agent shall have made any demand on any Note Party) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a)    to file and prove a claim for the whole amount of principal and interest owing and unpaid in respect
of the Notes and any other Obligations that are owing and unpaid and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Holders, the Agent and other agents (including any claim for the
reasonable compensation, expenses, disbursements and advances of the Holders, the Agent and other agents and their agents and counsel and all other amounts due the Holders, the Agent and other agents hereunder) allowed in such judicial proceeding;
and 
 (b)    to collect and receive any moneys or other property payable or deliverable on any such
claims and to distribute the same; 
 and any custodian, receiver, assignee, interim trustee, trustee, liquidator, sequestrator or other similar official in
any such judicial proceeding is hereby authorized by each Holder to make such payments to the Agent and, in the event that Agent shall consent to the making of such payments directly to the Holders, to pay to the Agent any amount due for the
compensation, expenses, disbursements and advances of the Agent and its agents and counsel, and any other amounts due Agent and other agents hereunder. Nothing herein contained shall be deemed to authorize Agent to authorize or consent to or accept
or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Holders or to authorize Agent to vote in respect of the claim of any Holder in any such proceeding.
Further, nothing contained in this Section 11.09 shall affect or preclude the ability of any Holder to (i) file and prove such a claim in the event that Agent has not acted within ten (10) days prior to any
applicable bar date and (ii) require an amendment of the proof of claim to accurately reflect such Holder’s outstanding Obligations. 

Section 11.10    Intercreditor Agreement. Each Holder (and each Person that
becomes a Holder hereunder pursuant to Section 12.04) hereby authorizes the Agent to enter into, join or otherwise become party to the Intercreditor Agreement on behalf of such Holder, in each case, as needed to effectuate the transactions
permitted by this Agreement and agrees that the Agent may take such actions on its behalf as is contemplated by the terms of Intercreditor Agreement. Without limiting the provisions of Sections 9.02, 11.01 and 12.03, each Holder hereby consents
to the Agent and any successor serving in such capacity and agrees not to assert any claim (including as a result of any conflict of interest) against the Agent, or any such successor, arising from the role of the Agent or such successor under the
Note Documents or any such intercreditor agreement so long as it is either acting in accordance with the terms of such documents and otherwise has not engaged in gross negligence or willful misconduct (as determined in a final and non-appealable judgment by a court of competent jurisdiction). In addition, the Agent, or any such successor, shall be authorized, with the consent of the Requisite Holders, to execute or to enter into amendments
of, and amendments and restatements of, the Security Instruments, the Intercreditor Agreement and any additional and replacement intercreditor agreements, as is contemplated by the terms of the Intercreditor Agreement. 

ARTICLE XII 

Miscellaneous 
 
Section 12.01    Notices. 
 (a)    Except in the case of notices and
other communications expressly permitted to be given by telephone (and subject to Section 12.01(b)), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight
courier service, mailed by certified or registered mail or sent by fax, as follows: 
 (i)    if to RRI
or the Issuer, as set forth on Annex II; 

  
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 (ii)    if to the Agent, as set forth on Annex II;

 (iii)    if to any other Holder, as set forth on Annex II. 

(b)    Notices and other communications to the Holders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Agent; provided that the foregoing shall not apply to notices pursuant to Article II, Article III, Article IV and Article V unless otherwise agreed
by the Agent and the applicable Holder. The Agent or the Issuer may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that
approval of such procedures may be limited to particular notices or communications. 
 (c)    Any party
hereto may change its address or fax number for notices and other communications hereunder by notice to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement
shall be deemed to have been given on the date of receipt or upon confirmed receipt of fax transmission (which confirmation shall be made by telephone call by the sender to the Agent, confirmation by electronic messaging shall not be deemed to be
confirmation of receipt). 
 Section 12.02    Waivers; Amendments. 

(a)    No failure on the part of the Agent, any other Agent or Holder to exercise and no delay in
exercising, and no course of dealing with respect to, any right, power or privilege, or any abandonment or discontinuance of steps to enforce such right, power or privilege, under any of the Note Documents shall operate as a waiver thereof, nor
shall any single or partial exercise of any right, power or privilege under any of the Note Documents preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies of the Agent, each
other Agent and the Holders hereunder and under the other Note Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or any other Note Document or
consent to any departure by RRI or any Note Party therefrom shall in any event be effective unless the same shall be permitted by Section 12.02(b), and then such waiver or consent shall be effective only in the specific
instance and for the purpose for which given. Without limiting the generality of the foregoing, the purchase of any Note shall not be construed as a waiver of any Default, regardless of whether the Agent, any other Agent or any Holder may have had
notice or knowledge of such Default at the time. 
 (b)    Neither this Agreement nor any provision
hereof nor any Note Document nor any provision thereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Issuer and/or the other applicable Note Parties and the Requisite Holders or by
the Issuer and/or the other applicable Note Parties and the Agent with the consent of the Requisite Holders; provided that no such agreement shall (i) increase the Commitment of any Holder without the written consent of such Holder,
(ii) [reserved], (iii) reduce the principal amount of any Note or reduce the rate of interest thereon, or reduce any fees payable hereunder, or reduce any other Obligations hereunder or under any other Note Document, without the written
consent of each Holder affected thereby, (iv) postpone the scheduled date of payment or prepayment of the principal amount of any Note, or any interest thereon, or any fees payable hereunder, or any other Obligations hereunder or under any
other Note Document, or reduce the amount of, waive or excuse any such payment, or postpone or 

  
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extend the Maturity Date without the written consent of each Holder affected thereby; provided, however, the mandatory prepayment provisions contained in
Section 3.04(a), Section 3.04(c) and Section 3.04(f) may be waived with the consent of the Requisite Holders, (v) change Section 4.01(b) or
Section 4.01(c) in a manner that would alter the pro rata sharing of payments required thereby, without the written consent of each Holder, (vi) waive or amend Section 3.04(c),
Section 6.01, or Section 12.18 without the written consent of each Holder affected thereby, (vii) release any material Guarantor (except as set forth in Section 11.07
or the Guaranty Agreement), release all or substantially all of the collateral (other than as provided in Section 11.10 of the Guaranty Agreement), or reduce the percentages set forth in Section 8.14(a), without the
written consent of each Holder, (viii) change any of the provisions of this Section 12.02(b) or the definitions of “Requisite Holders” or “Pro Rata Share” or any other provision hereof specifying
the number or percentage of Holders required to waive, amend or modify any rights hereunder or under any other Note Documents or make any determination or grant any consent hereunder or any other Note Documents, without the written consent of each
Holder; or (ix) change Section 10.02(c) without the consent of each Person to whom an Obligation is owed; provided further that no such agreement shall amend, modify or otherwise affect the rights or
duties of the Agent hereunder or under any other Note Document without the prior written consent of the Agent. Notwithstanding the foregoing, any supplement to any Schedule shall be effective simply by delivering to the Agent a supplemental schedule
clearly marked as such and, upon receipt, the Agent will promptly deliver a copy thereof to the Holders. Notwithstanding the foregoing, the Issuer and the Agent may amend this Agreement or any other Note Document without the consent of the Holders
in order to correct, amend or cure any ambiguity, inconsistency or defect or correct any typographical error or other manifest error in any Note Document. 

Section 12.03    Expenses, Indemnity; Damage Waiver. 

(a)    The Issuer shall pay (i) all reasonable out-of-pocket expenses incurred by the Agent, the Requisite Holders and their respective Affiliates, including the reasonable fees, charges and disbursements of counsel for the Agent, the Requisite Holders
and their respective Affiliates and to the extent necessary as determined by the Agent or Requisite Holders, other outside consultants for the Agent or Requisite Holders, the reasonable travel, photocopy, mailing, courier, telephone and other
similar expenses, and the cost of environmental assessments and audits and surveys and appraisals, in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration
(both before and after the execution hereof and including advice of counsel to the Agent and Requisite Holders as to the rights and duties of the Agent and the Holders with respect thereto) of this Agreement and the other Note Documents and any
amendments, modifications or waivers of or consents related to the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all costs, expenses, Taxes, assessments and other
charges incurred by the Agent or any Holder in connection with any filing, registration, recording or perfection of any security interest contemplated by this Agreement or any Security Instrument or any other document referred to therein and
(iii) all out-of-pocket expenses incurred by the Agent, any other Agent or any Holder, including the fees, charges and disbursements of any external counsel for the
Agent, any other Agent or any Holder in connection with the enforcement or protection of its rights in connection with this Agreement or any other Note Document, including its rights under this Section 12.03 in connection
with the Notes issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Notes. 

  
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 (b)    THE ISSUER SHALL INDEMNIFY EACH AGENT AND EACH HOLDER,
AND EACH RELATED PARTY OF ANY OF THE FOREGOING PERSONS (EACH SUCH PERSON BEING CALLED AN “INDEMNITEE”) AGAINST, AND DEFEND AND HOLD EACH INDEMNITEE HARMLESS FROM, ANY AND ALL LOSSES, CLAIMS, DAMAGES, PENALTIES, LIABILITIES AND RELATED
EXPENSES, INCLUDING THE FEES, CHARGES AND DISBURSEMENTS OF ANY OUTSIDE COUNSEL FOR ANY INDEMNITEE, INCURRED BY OR ASSERTED AGAINST ANY INDEMNITEE ARISING OUT OF, IN CONNECTION WITH, OR AS A RESULT OF (i) THE EXECUTION OR DELIVERY OF THIS
AGREEMENT OR ANY OTHER NOTE DOCUMENT OR ANY AGREEMENT OR INSTRUMENT CONTEMPLATED HEREBY OR THEREBY, (ii) THE PERFORMANCE BY THE PARTIES HERETO OR THE PARTIES TO ANY OTHER NOTE DOCUMENT OF THEIR RESPECTIVE OBLIGATIONS HEREUNDER OR THEREUNDER OR
THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED HEREBY OR BY ANY OTHER NOTE DOCUMENT, (iii) THE FAILURE OF RRI OR ANY NOTE PARTY TO COMPLY WITH THE TERMS OF ANY NOTE DOCUMENT, INCLUDING THIS AGREEMENT, OR WITH ANY GOVERNMENTAL REQUIREMENT,
(iv) ANY INACCURACY OF ANY REPRESENTATION OR ANY BREACH OF ANY WARRANTY OR COVENANT OF THE ISSUER OR ANY NOTE PARTIES SET FORTH IN ANY OF THE NOTE DOCUMENTS OR ANY INSTRUMENTS, DOCUMENTS OR CERTIFICATIONS DELIVERED IN CONNECTION THEREWITH,
(v) ANY NOTE OR OR THE USE OF THE PROCEEDS THEREFROM, (vi) ANY OTHER ASPECT OF THE NOTE DOCUMENTS, (vii) THE OPERATIONS OF THE BUSINESS OF RRI OR ANY NOTE PARTY BY SUCH PERSONS, (viii) ANY ASSERTION THAT THE HOLDERS WERE NOT
ENTITLED TO RECEIVE THE PROCEEDS RECEIVED PURSUANT TO THE SECURITY INSTRUMENTS, (ix) ANY ENVIRONMENTAL LAW APPLICABLE TO THE ISSUER OR ANY OTHER NOTE PARTY OR ANY OF THEIR PROPERTIES OR OPERATIONS, INCLUDING THE PRESENCE, GENERATION, STORAGE,
RELEASE, THREATENED RELEASE, USE, TRANSPORT, DISPOSAL, ARRANGEMENT OF DISPOSAL OR TREATMENT OF OIL, OIL AND GAS WASTES, SOLID WASTES OR HAZARDOUS MATERIALS ON OR AT ANY OF THEIR PROPERTIES, (x) THE BREACH OR
NON-COMPLIANCE BY THE ISSUER OR ANY OTHER NOTE PARTY WITH ANY ENVIRONMENTAL LAW APPLICABLE TO THE ISSUER OR ANY OTHER NOTE PARTY, (xi) THE PAST OWNERSHIP BY THE ISSUER OR ANY OTHER NOTE PARTY OF ANY OF
THEIR PROPERTIES OR PAST ACTIVITY ON ANY OF THEIR PROPERTIES WHICH, THOUGH LAWFUL AND FULLY PERMISSIBLE AT THE TIME, COULD RESULT IN PRESENT LIABILITY, (xii) THE PRESENCE, USE, RELEASE, STORAGE, TREATMENT, DISPOSAL, GENERATION, THREATENED
RELEASE, TRANSPORT, ARRANGEMENT FOR TRANSPORT OR ARRANGEMENT FOR DISPOSAL OF OIL, OIL AND GAS WASTES, SOLID WASTES OR HAZARDOUS MATERIALS ON OR AT ANY OF THE PROPERTIES OWNED OR OPERATED BY THE ISSUER OR ANY OTHER NOTE PARTY OR ANY ACTUAL OR ALLEGED
PRESENCE OR RELEASE OF HAZARDOUS MATERIALS ON OR FROM ANY PROPERTY OWNED OR OPERATED BY THE ISSUER OR ANY OTHER NOTE PARTY, (xiii) ANY ENVIRONMENTAL LIABILITY RELATED IN ANY WAY TO THE ISSUER OR ANY OTHER NOTE PARTY, (xiv) ANY OTHER
ENVIRONMENTAL, HEALTH OR SAFETY CONDITION IN CONNECTION WITH THE NOTE DOCUMENTS, OR (xv) ANY ACTUAL OR PROSPECTIVE CLAIM, LITIGATION, INVESTIGATION OR PROCEEDING RELATING TO ANY OF THE FOREGOING, WHETHER BASED ON CONTRACT, TORT OR ANY OTHER
THEORY, WHETHER BROUGHT BY A THIRD PARTY OR BY ANY NOTE PARTY, AND REGARDLESS OF WHETHER ANY INDEMNITEE IS A PARTY THERETO, AND SUCH INDEMNITY SHALL EXTEND TO EACH INDEMNITEE NOTWITHSTANDING THE SOLE OR CONCURRENT NEGLIGENCE OF EVERY KIND OR
CHARACTER WHATSOEVER, WHETHER ACTIVE OR PASSIVE, WHETHER AN AFFIRMATIVE ACT OR AN OMISSION, INCLUDING ALL 

  
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TYPES OF NEGLIGENT CONDUCT IDENTIFIED IN THE RESTATEMENT (SECOND) OF TORTS OF ONE OR MORE OF THE INDEMNITEES OR BY REASON OF STRICT LIABILITY IMPOSED WITHOUT FAULT ON ANY ONE OR MORE OF THE
INDEMNITEES INCLUDING ORDINARY NEGLIGENCE; PROVIDED THAT SUCH INDEMNITY SHALL NOT, AS TO ANY INDEMNITEE, BE AVAILABLE TO THE EXTENT THAT SUCH LOSSES, CLAIMS, DAMAGES, LIABILITIES OR RELATED EXPENSES ARE DETERMINED BY A COURT OF COMPETENT
JURISDICTION BY FINAL AND NONAPPEALABLE JUDGMENT TO (X) HAVE RESULTED FROM (1) THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH INDEMNITEE OR (2) THE MATERIAL BREACH OF SUCH INDEMNITEE’S OBLIGATIONS UNDER THIS AGREEMENT OR THE
OTHER NOTE DOCUMENTS OR (Y) RELATE TO TAXES, WHICH SHALL BE SUBJECT TO INDEMNIFICATION PURSUANT TO SECTION 5.03, OTHER THAN TAXES THAT REPRESENT LOSSES, CLAIMS, DAMAGES, ETC. ARISING FROM ANY NON-TAX CLAIM. 
 (c)    To the extent that the Issuer fails to pay any
amount required to be paid by it to the Agent or any Agent under Section 12.03(a) or (b), each Holder severally agrees to pay to the Agent or such Agent, as the case may be, such Holder’s Pro Rata Share
(determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case
may be, was incurred by or asserted against the Agent or such Agent in its capacity as such. 
 (d)    To
the extent permitted by applicable law, the Issuer shall not, and shall cause each Note Party not to, assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages
(as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Note Document or any agreement or instrument contemplated hereby or thereby, the Transactions, any Note or the use of the
proceeds thereof. 
 (e)    All amounts due under this Section 12.03 shall be
payable not later than 10 days after written demand and invoice therefor. 

Section 12.04    Successors and Assigns. 

(a)    The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted hereby, except that (i) neither RRI nor the Issuer may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Agent and
each Holder (and any attempted assignment or transfer by RRI or the Issuer without such consent shall be null and void) and (ii) no Holder may assign or otherwise transfer its rights or obligations hereunder except in accordance with this
Section 12.04. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants (to the
extent provided in Section 12.04(c)) and, to the extent expressly contemplated hereby, the Related Parties of each of the Agent and the Holders) any legal or equitable right, remedy or claim under or by reason of this
Agreement. 
 (b)    Subject to the conditions set forth in
Section 12.04(b)(i), any Holder may assign to one or more assignees (each, an “Assignee”) any Notes and all or a portion of its rights and obligations under this Agreement with the prior written consent of
the Issuer (such consent not to be unreasonably withheld), provided that no consent of the Issuer shall be required if (1) an Event 

  
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of Default has occurred and is continuing, (2) at any other time, such assignment is to an Eligible Assignee or (3) at any other time, such assignment is to any Assignee so long as EIG
continues to hold more than 50.0% of aggregate outstanding principal amounts of the Notes after giving effect to such assignment; provided further, that the Issuer shall be deemed to have consented to any such assignment unless the
Issuer shall object thereto by written notice to the Agent within ten (10) Business Days after having received written notice thereof. 

(i)    Assignments shall be subject to the following additional conditions: 

(A)    except in the case of an assignment to a Holder, an Affiliate of a Holder, a Related Fund or an
assignment of the entire remaining amount of the assigning Holder’s Notes, the amount of the Notes of the assigning Holder subject to each such assignment (determined as of the date the Assignment Agreement with respect to such assignment is
delivered to the Agent) shall not be less than $100,000 unless each of the Issuer and the Agent otherwise consent, provided that no such consent of the Issuer shall be required if an Event of Default has occurred and is continuing; 

(B)    each partial assignment shall be made as an assignment of a proportionate part of all the assigning
Holder’s rights and obligations under this Agreement; 
 (C)    the parties to each assignment
shall execute and deliver to the Agent an Assignment Agreement, together with a processing and recordation fee of $3,500 (other than in the case of an assignment from a Holder to its Affiliate or to a Related Fund); and 

(D)    the assignee, if it shall not be a Holder, shall deliver to the Agent an Administrative
Questionnaire. 
 (ii)    Subject to Section 12.04(b)(iv) and the acceptance
and recording thereof, from and after the effective date specified in each Assignment Agreement the Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment Agreement, have the rights and obligations
of a Holder under this Agreement, and the assigning Holder thereunder shall, to the extent of the interest assigned by such Assignment Agreement, be released from its obligations under this Agreement (and, in the case of an Assignment Agreement
covering all of the assigning Holder’s rights and obligations under this Agreement, such Holder shall cease to be a party hereto but shall continue to be entitled to the benefits of Section 5.01,
Section 5.03 and Section 12.03). If any such assignment occurs after the issuance of any Note hereunder, the assigning Holder shall, upon the effectiveness of such assignment or as promptly
thereafter as practicable, surrender its applicable Note to the Agent for cancellation, and thereupon the Issuer shall issue and deliver a new Note, if so requested by the assignee and/or assigning Holder, to such assignee and/or to such assigning
Holder, with appropriate insertions, to reflect the outstanding principal balance under the Notes of the assignee and/or the assigning Holder. Any assignment or transfer by a Holder of rights or obligations under this Agreement that does not comply
with this Section 12.04 shall be treated for purposes of this Agreement as a sale by such Holder of a participation in such rights and obligations in accordance with Section 12.04(c). 

  
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 (iii)    The Agent, acting solely for this purpose as a non-fiduciary agent of the Issuer, shall maintain at one of its offices a copy of each Assignment Agreement delivered to it and the Register. The entries in the Register shall be conclusive absent manifest error,
and the Issuer, the Agent and the Holders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Holder hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register
shall be available for inspection by the Issuer and any Holder, at any reasonable time and from time to time upon reasonable prior notice. In connection with any changes to the Register, if necessary, the Agent will reflect the revisions on Annex
I and forward a copy of such revised Annex I to the Issuer and each Holder. 
 (iv)    Upon
its receipt of a duly completed Assignment Agreement executed by an assigning Holder and an assignee, the Assignee’s completed Administrative Questionnaire and, if required hereunder, applicable tax forms (unless the Assignee shall already be a
Holder hereunder), the processing and recordation fee referred to in this Section 12.04(b) and any written consent to such assignment required by this Section 12.04(b), the Agent shall accept such
Assignment Agreement and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this
Section 12.04(b). 
 (v)    Each Holder, in its role as assignee, upon
executing and delivering an Assignment Agreement, represents and warrants as of the applicable effective date (as set forth in the applicable Assignment Agreement) that (A) it has experience and expertise in the making of or investing in notes;
and (B) it will make or invest in, as the case may be, its Notes for its own account in the ordinary course of its business and without a view to distribution of such Notes within the meaning of the Securities Act or the Exchange Act or other
federal securities laws (it being understood that, subject to the provisions of this Section 12.04, the disposition of Notes or any interests therein shall at all times remain within its exclusive control). In addition,
each Holder becoming party hereto after the Effective Date, upon executing and delivering an Assignment Agreement, shall be deemed to have made the representations and warranties contained in Article XIII as of the applicable effective date
(as set forth in the applicable Assignment Agreement). 
 (vi)    Notwithstanding the foregoing, no
assignment or participation shall be made to any Note Party or any Affiliate of a Note Party. 

(c)    (i) Holder may at any time, without the consent of, or notice to, the Issuer, the Agent or any other
Person, sell participations to any Person (other than a natural Person or the Issuer or any of the Issuer’s Affiliates or Subsidiaries) (a “Participant”) in all or a portion of such Holder’s rights and obligations under
the Notes owing to it and this Agreement; provided that (A) such Holder’s obligations under this Agreement shall remain unchanged, (B) such Holder shall remain solely responsible to the other parties hereto for the performance
of such obligations, (C) the Issuer, the Agent and the other Holders shall continue to deal solely and directly with such Holder in connection with such Holder’s rights and obligations under this Agreement, and (D) the selling Holder
shall maintain the Participant Register. Any agreement or instrument pursuant to which a Holder sells such a participation shall provide that such Holder shall retain the sole right to enforce the Notes owing to it and this Agreement and to approve
any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Holder will not, without the consent of the Participant, agree to any amendment, modification or waiver
described in the first proviso to Section 12.02(b) that 

  
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affects such Participant. In addition such agreement must provide that the Participant be bound by the provisions of Section 12.03. Subject to
Section 12.04(c)(ii), the Issuer agrees that each Participant shall be entitled to the benefits of Section 5.01, Section 5.02 and Section 5.03 to
the same extent as if it were a Holder and had acquired its interest by assignment pursuant to Section 12.04(b). To the extent permitted by law, each Participant also shall be entitled to the benefits of
Section 12.08 as though it were a Holder, provided such Participant agrees to be subject to Section 4.01(c) as though it were a Holder. Each Holder that sells a participation shall, acting solely
for this purpose as a non-fiduciary agent of the Issuer, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each
Participant’s interest in the Notes or other obligations under the Note Documents (the “Participant Register”); provided that no Holder shall have any obligation to disclose all or any portion of the Participant Register
(including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Note Document) to any Person except to the extent that such
disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Treasury Regulation Section 5f.103-1(c), proposed Treasury Regulation 1.163-5 or any applicable temporary, final or other successor regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Holder shall treat each Person whose name is
recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Agent (in its capacity as Agent) shall have no responsibility for
maintaining a Participant Register. 
 (i)    A Participant shall not be entitled to receive any greater
payment under Section 5.01 or Section 5.03 than the applicable Holder would have been entitled to receive with respect to the participation sold to such Participant, unless the entitlement to a
greater payment results from a Change in Law after such Participant acquired its participation. A Participant that shall not be entitled to the benefits of Section 5.03 unless such Participant agrees, for the benefit of the
Issuer, to comply with the requirements and limitations under Section 5.03(e) as though it were a Holder (it being understood the documentation required under Section 5.03(e) shall be provided only
to the selling Holder). 
 (d)    Any Holder may at any time pledge or assign a security interest in all
or any portion of its rights under Notes owing to it and this Agreement to secure obligations of such Holder, including any pledge or assignment to secure obligations to a Federal Reserve Bank or a central bank, and this
Section 12.04(d) shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Holder from any of its obligations hereunder
or substitute any such pledgee or Assignee for such Holder as a party hereto. 
 (e)    Notwithstanding
any other provisions of this Section 12.04, no transfer or assignment of the interests or obligations of any Holder or any grant of participations therein shall be permitted if such transfer, assignment or grant would
require the Issuer and the other Note Parties to file a registration statement with the SEC or to qualify the Notes under the “blue sky” laws of any state. 

(f)    Each Holder upon executing and delivering an Assignment Agreement, represents and warrants as of the
applicable Effective Date (as defined in the applicable Assignment Agreement) that (i) it has experience and expertise in the making of or investing in notes; and (ii) it will make or invest in, as the case may be, its Notes for its own
account in the 

  
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ordinary course of its business and without a view to distribution of such Notes within the meaning of the Securities Act or the Exchange Act or other federal securities laws (it being understood
that, subject to the provisions of this Section 12.04(f), the disposition of Notes or any interests therein shall at all times remain within its exclusive control). In addition, each Holder becoming party hereto after the
Effective Date, upon executing and delivering an Assignment Agreement, shall be deemed to have made the representations and warranties contained in Article XIII as of the applicable Effective Date (as defined in the applicable Assignment
Agreement). 
 Section 12.05    Survival; Revival; Reinstatement. 

(a)    All covenants, agreements, representations and warranties made by RRI or the Note Parties herein and
in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Note Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of
this Agreement and the other Note Documents and the making of any Note Purchase, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Agent, any other Agent or any Holder may have had notice or
knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Note or any fee or any other amount
payable under this Agreement is outstanding and unpaid. The provisions of Section 5.01, Section 5.02, Section 5.03 and Section 12.03 and
Article XI shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Notes, or the termination of this Agreement, any other Note Document or any provision
hereof or thereof. 
 (b)    To the extent that any payments on the Obligations or proceeds of any
collateral are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, debtor in possession, receiver or other Person under any bankruptcy law, common law or equitable cause, then to such
extent, the Obligations shall be revived and continue as if such payment or proceeds had not been received and the Agent’s and the Holders’ Liens, security interests, rights, powers and remedies under this Agreement and each Note Document
shall continue in full force and effect. In such event, each Note Document shall be automatically reinstated and the Issuer shall, and shall cause each other Note Party to, take such action as may be reasonably requested by the Agent and the Holders
to effect such reinstatement. 
 Section 12.06    Counterparts; Integration;
Effectiveness. 
 (a)    This Agreement may be executed in counterparts (and by different parties
hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. 

(b)    This Agreement, the other Note Documents and any separate letter agreements with respect to fees
payable to the Agent constitute the entire contract among the parties relating to the subject matter hereof and thereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof and
thereof. THIS AGREEMENT AND THE OTHER NOTE DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES HERETO AND THERETO AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO
UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 

  
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 (c)    Except as provided in
Section 6.01, this Agreement shall become effective when it shall have been executed by the Agent and when the Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the
other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by fax or other similar
electronic means shall be effective as delivery of a manually executed counterpart of this Agreement. 

Section 12.07    Severability. Any provision of this Agreement or any other
Note Document held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and
enforceability of the remaining provisions hereof or thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

Section 12.08    Right of Setoff. If an Event of Default shall have occurred
and be continuing, each Holder and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or
final) at any time held and other obligations (of whatsoever kind, including obligations under Swap Agreements) at any time owing by such Holder or Affiliate to or for the credit or the account of the Issuer or any other Note Party against any of
and all the obligations of the Issuer or any other Note Party owed to such Holder now or hereafter existing under this Agreement or any other Note Document, irrespective of whether or not such Holder shall have made any demand under this Agreement
or any other Note Document and although such obligations may be unmatured. The rights of each Holder under this Section 12.08 are in addition to other rights and remedies (including other rights of setoff) which such Holder or its Affiliates
may have. 
 Section 12.09    GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE
OF PROCESS. 
 (a)    THIS AGREEMENT AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK EXCEPT TO THE EXTENT THAT UNITED STATES FEDERAL LAW PERMITS ANY HOLDER TO CONTRACT FOR, CHARGE, RECEIVE, RESERVE OR TAKE INTEREST AT THE RATE ALLOWED BY THE LAWS OF THE STATE WHERE SUCH HOLDER IS LOCATED. 

(b)    EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY: SUBMITS (AND THE ISSUER SHALL CAUSE EACH
NOTE PARTY TO SUBMIT) FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AND THE OTHER NOTE DOCUMENTS TO WHICH IT IS A PARTY, OR FOR RECOGNITION AND ENFORCEMENT OF ANY JUDGMENT IN RESPECT THEREOF, TO THE
EXCLUSIVE JURISDICTION OF THE STATE DISTRICT COURTS OF NEW YORK COUNTY, NEW YORK AND THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AND APPELLATE COURTS FROM ANY THEREOF; PROVIDED, THAT NOTHING CONTAINED HEREIN OR IN
ANY OTHER NOTE DOCUMENT WILL PREVENT ANY PARTY FROM BRINGING ANY ACTION TO ENFORCE ANY AWARD OR JUDGMENT OR EXERCISE ANY RIGHT UNDER THE NOTE DOCUMENTS IN ANY OTHER FORUM IN WHICH JURISDICTION CAN BE ESTABLISHED. EACH PARTY HEREBY IRREVOCABLY WAIVES
ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY SUCH ACTION OR PROCEEDING IN SUCH RESPECTIVE JURISDICTIONS. 

  
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 (c)    EACH PARTY IRREVOCABLY CONSENTS TO THE SERVICE OF
PROCESS OF ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO IT AT THE ADDRESS SPECIFIED IN SECTION 12.01 OR SUCH OTHER
ADDRESS AS IS SPECIFIED PURSUANT TO SECTION 12.01 (OR ITS ASSIGNMENT AGREEMENT), SUCH SERVICE TO BECOME EFFECTIVE THIRTY (30) DAYS AFTER SUCH MAILING. NOTHING HEREIN SHALL AFFECT THE RIGHT OF A PARTY OR ANY HOLDER OF A
NOTE TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANOTHER PARTY IN ANY OTHER JURISDICTION. 

(d)    EACH PARTY HEREBY (i) IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY LAW, TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER NOTE DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN; (ii) IRREVOCABLY WAIVES, TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, ANY RIGHT IT MAY HAVE TO CLAIM
OR RECOVER IN ANY SUCH LITIGATION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES, OR DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES; (iii) CERTIFIES THAT NO PARTY HERETO NOR ANY REPRESENTATIVE OR AGENT OF COUNSEL FOR ANY PARTY
HERETO HAS REPRESENTED, EXPRESSLY OR OTHERWISE, OR IMPLIED THAT SUCH PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS, AND (iv) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT, THE NOTE
DOCUMENTS AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS CONTAINED IN THIS SECTION 12.09. 

Section 12.10    Headings. Article and Section headings and the Table of
Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

Section 12.11    Confidentiality. 

(a)    All information furnished from time to time (either before, on or after the date hereof) by or on
behalf of the Issuer or any other Note Party to the Agent or a Holder or any of their representatives or advisors (each, a “Recipient”) (other than any such information that is available to the Agent or a Holder on a nonconfidential basis
prior to disclosure by such Note Party) is so furnished on a confidential basis (such information, the “Confidential Information”) and the Recipients will maintain the confidentiality thereof in accordance with the terms hereof; provided
however, that a Recipient may disclose such information (i) to its Affiliates, partners, prospective partners, members and prospective members and its and their respective directors, managers, officers, employees, attorneys, accountants,
advisors, auditors, consultants, agents or representatives with a need to know such Confidential Information (collectively “Permitted Recipients”) (provided that such potential assignee or transferee shall have been advised of and agree to
be bound by the provisions of this Section 12.11(a)), (ii) to any potential assignee or transferee of any of its rights or obligations hereunder (including without limitation, in connection with a sale of any or all of the Notes) or any of
their agents and advisors (provided that such 

  
 99 

 
potential assignee or transferee shall have been advised of and agree to be bound by the provisions of this Section 12.11(a)), (iii) if such information (x) becomes publicly available
other than as a result of a breach of this Section 12.11(a), (y) becomes available to a Recipient or any of its Permitted Recipients on a non-confidential basis from a source other than the Note Parties
or (z) is independently developed by the Recipient or any of its Permitted Recipients without the use of or reliance on such information, (iv) to enable it to enforce or otherwise exercise any of its rights and remedies under any Note
Document or (v) as consented to by the Issuer. Notwithstanding anything to the contrary set forth in this Section 12.11(a) or otherwise, nothing herein shall prevent a Recipient or its Permitted Recipients from complying with any legal
requirements (including, without limitation, pursuant to any rule, regulation, stock exchange requirement, self-regulatory body, supervisory authority, other applicable judicial or governmental order, legal process, fiduciary or similar duties or
otherwise) to disclose any Confidential Information. In addition, the Recipient and its Permitted Recipients may disclose Confidential Information if so requested by a governmental, self-regulatory or supervisory authority. Each Note Party hereby
acknowledges and agrees that, subject to the restrictions on disclosure of Confidential Information as provided in this Section 12.11(a), the Recipient and their respective Affiliates are in the business of making investments in and otherwise
engaging in businesses which may or may not be in competition with the Note Parties or otherwise related to their and their Affiliates’ respective business and that nothing herein shall, or shall be construed to, limit the Holders’ or
their Affiliates’ ability to make such investments or engage in such businesses. Notwithstanding any other provision of this Section 12.11(a), the parties (and each employee, representative, or other agent of the parties) may disclose to
any and all Persons, without limitation of any kind, the Tax treatment and any facts that may be relevant to the Tax structure of the transactions contemplated by this Agreement and the other Note Documents; provided, however, that no party (and no
employee, representative, or other agent thereof) shall disclose any other information that is not relevant to an understanding of the Tax treatment and Tax structure of the transaction (including the identity of any party and any information that
could lead another to determine the identity of any party), or any other information to the extent that such disclosure could reasonably result in a violation of any applicable securities law. 

(b)    The Issuer understands and acknowledges that in the regular course of a Holder’s business, such
Holder may invest in companies that have issued securities that are publicly traded (each, a “Public Company”). Accordingly, Issuer covenants and agrees that before providing material
non-public information about any Public Company (other than material non-public information in respect of RRI and its Subsidiaries) (“Public Company
Information”), the Issuer will use reasonable best efforts to provide prior written notice to the applicable compliance personnel indicated in Schedule 12.11. The Issuer shall not disclose Public Company Information to such Holder
without written authorization from such compliance personnel; provided that any failure to comply with this Section 12.11(b) shall not constitute a Default or an Event of Default hereunder; and provided, further, that this
Section 12.11(b) shall not apply to any information provided pursuant to the RRI Certificate of Designation to the Board Observer (as defined therein). 

Section 12.12    Interest Rate Limitation. It is the intention of the
parties hereto that each Holder shall conform strictly to usury laws applicable to it. Accordingly, if the transactions contemplated hereby would be usurious as to any Holder under laws applicable to it (including the laws of the United States of
America and the State of Texas or any other jurisdiction whose laws may be mandatorily applicable to such Holder notwithstanding the other provisions of this Agreement), then, in that event, notwithstanding anything to the contrary in any of the
Note Documents or any agreement entered into in connection with or as security for the Notes, it is agreed as follows: (a) the aggregate of all consideration which constitutes interest under law applicable to any Holder that is contracted for,
taken, reserved, charged or 

  
 100 

 
received by such Holder under any of the Note Documents or agreements or otherwise in connection with the Notes shall under no circumstances exceed the maximum amount allowed by such applicable
law, and any excess shall be canceled automatically and if theretofore paid shall be credited by such Holder on the principal amount of the Obligations (or, to the extent that the principal amount of the Obligations shall have been or would thereby
be paid in full, refunded by such Holder to the Issuer); and (b) in the event that the maturity of the Notes is accelerated by reason of an election of the holder thereof resulting from any Event of Default under this Agreement or otherwise, or
in the event of any required or permitted prepayment, then such consideration that constitutes interest under law applicable to any Holder may never include more than the maximum amount allowed by such applicable law, and excess interest, if any,
provided for in this Agreement or otherwise shall be canceled automatically by such Holder as of the date of such acceleration or prepayment and, if theretofore paid, shall be credited by such Holder on the principal amount of the Debt (or, to the
extent that the principal amount of the Debt shall have been or would thereby be paid in full, refunded by such Holder to the Issuer). All sums paid or agreed to be paid to any Holder for the use, forbearance or detention of sums due hereunder
shall, to the extent permitted by law applicable to such Holder, be amortized, prorated, allocated and spread throughout the stated term of the Notes until payment in full so that the rate or amount of interest on account of any Notes hereunder does
not exceed the maximum amount allowed by such applicable law. If at any time and from time to time (i) the amount of interest payable to any Holder on any date shall be computed at the Highest Lawful Rate applicable to such Holder pursuant to
this Section 12.12 and (ii) in respect of any subsequent interest computation period the amount of interest otherwise payable to such Holder would be less than the amount of interest payable to such Holder computed at the Highest Lawful
Rate applicable to such Holder, then the amount of interest payable to such Holder in respect of such subsequent interest computation period shall continue to be computed at the Highest Lawful Rate applicable to such Holder until the total amount of
interest payable to such Holder shall equal the total amount of interest which would have been payable to such Holder if the total amount of interest had been computed without giving effect to this Section 12.12. To the extent that
Chapter 303 of the Texas Finance Code is relevant for the purpose of determining the Highest Lawful Rate applicable to any Holder, such Holder elects to determine the applicable rate ceiling under such Chapter by the weekly ceiling from time to
time in effect. Chapter 
346 of the Texas Finance Code does not apply to the Issuer’s obligations hereunder. 
 Section 
12.13    [Reserved]. 
 Section 12.14    No Third
Party Beneficiaries. There are no third party beneficiaries to this Agreement. 

Section 12.15    EXCULPATION PROVISIONS. EACH OF THE PARTIES HERETO
SPECIFICALLY AGREES THAT IT HAS A DUTY TO READ THIS AGREEMENT AND THE OTHER NOTE DOCUMENTS AND AGREES THAT IT IS CHARGED WITH NOTICE AND KNOWLEDGE OF THE TERMS OF THIS AGREEMENT AND THE OTHER NOTE DOCUMENTS; THAT IT HAS IN FACT READ THIS AGREEMENT
AND IS FULLY INFORMED AND HAS FULL NOTICE AND KNOWLEDGE OF THE TERMS, CONDITIONS AND EFFECTS OF THIS AGREEMENT; THAT IT HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL OF ITS CHOICE THROUGHOUT THE NEGOTIATIONS PRECEDING ITS EXECUTION OF THIS
AGREEMENT AND THE OTHER NOTE DOCUMENTS; AND HAS RECEIVED THE ADVICE OF ITS ATTORNEY IN ENTERING INTO THIS AGREEMENT AND THE OTHER NOTE DOCUMENTS; AND THAT IT RECOGNIZES THAT CERTAIN OF THE TERMS OF THIS AGREEMENT AND THE OTHER NOTE DOCUMENTS RESULT
IN ONE PARTY ASSUMING THE LIABILITY INHERENT IN SOME ASPECTS OF THE TRANSACTION AND RELIEVING THE OTHER PARTY OF ITS RESPONSIBILITY FOR SUCH LIABILITY. EACH PARTY HERETO AGREES AND COVENANTS THAT IT WILL NOT CONTEST THE VALIDITY OR ENFORCEABILITY OF
ANY EXCULPATORY PROVISION OF THIS AGREEMENT AND THE OTHER NOTE DOCUMENTS ON THE BASIS THAT THE PARTY HAD NO NOTICE OR KNOWLEDGE OF SUCH PROVISION OR THAT THE PROVISION IS NOT “CONSPICUOUS.” 

  
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 Section 12.16    USA Patriot Act
Notice. Each Holder hereby notifies the Issuer that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot
Act”), it is required to obtain, verify and record information that identifies the Issuer, which information includes the name and address of the Issuer and other information that will allow such Holder to identify the Issuer in accordance with
the Act. 
 Section 12.17    Flood Insurance Provisions. Notwithstanding
any provision in this Agreement or any other Note Document to the contrary, in no event is any Building (as defined in the applicable Flood Insurance Regulation) or Manufactured (Mobile) Home (as defined in the applicable Flood Insurance Regulation)
included in the definition of “Mortgaged Property” and no Building or Manufactured (Mobile) Home is hereby encumbered by this Agreement or any other Note Document. 

Section 12.18    Releases. 

(a)    Release Upon Payment in Full. Upon the complete payment of the Obligations (other than
(A) indemnity obligations not yet due and payable of which the Issuer has not received a notice of potential claim), the Agent, at the written request and expense of the Issuer, will promptly release, reassign and transfer the Collateral to the
Note Parties. 
 (b)    Further Assurances. If any of the Collateral shall be sold, transferred or
otherwise disposed of by any Note Party in a transaction permitted by the Note Documents, then the Agent, at the request and sole expense of the applicable Note Party, shall promptly execute and deliver to such Note Party all releases or other
documents reasonably necessary or desirable for the release of the Liens created by the applicable Security Instrument on such Collateral. At the request and sole expense of the Issuer, a Note Party shall be released from its obligations under the
Note Documents in the event that all the capital stock or other Equity Interests of such Note Party shall be sold, transferred or otherwise disposed of in a transaction permitted by the Note Documents; provided that the Issuer shall have
delivered to the Agent, at least five Business Days prior to the date of the proposed release, a written request for release identifying the relevant Note Party and the terms of the sale or other disposition in reasonable detail, including the price
thereof and any expenses in connection therewith, together with a certification by the Issuer stating that such transaction is in compliance with this Agreement and the other Note Documents. 

Section 12.19    Disclosure. Each Note Party and each Holder hereby
acknowledge and agree that the Agent and/or its Affiliates and their respective Related Funds from time to time may hold investments in, and make loans to, or have other relationships with any of the Note Parties and their respective Affiliates,
including the ownership, purchase and sale of Equity Interest in any Note Party and their respective Affiliates and each Holder hereby expressly consents to such relationships. 

Section 12.20    Appointment for Perfection. Each Holder hereby appoints
each other Holder as its agent for the purpose of perfecting Liens, for the benefit of the Agent and the Holders, in assets which, in accordance with Article 9 of the UCC or any other applicable law can be perfected only by control or possession.
Should any Holder obtain control or possession of any such Collateral, such Holder shall notify the Agent thereof, and, in the case of possession, promptly upon Agent’s request therefor shall deliver such Collateral to the Agent or otherwise
deal with such Collateral in accordance with the Agent’s instructions. 

  
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 Section 12.21    Advertising and
Publicity. No party hereto shall issue or disseminate to the public (by advertisement, including without limitation any “tombstone” advertisement, press release or otherwise), submit for publication or otherwise cause or seek to
publish any information describing the credit or other financial accommodations made available by the Holders pursuant to this Agreement and the other Note Documents without the prior written consent of the Requisite Holders and the Issuer (such
consent of the Issuer or Requisite Holders not to be unreasonably withheld, conditioned or delayed). Nothing in the foregoing shall be construed to prohibit any Note Party from making any submission or filing which it is required to make by
applicable law (including securities laws, rules and regulations), stock exchange rules or pursuant to judicial process; provided, that (a) such filing or submission shall contain only such information as is reasonably necessary to
comply with applicable law, rule or judicial process and (b) unless specifically prohibited by applicable law, rule or court order, the Issuer shall promptly notify the Agent of the requirement to make such submission or filing and provide
Agent with a copy thereof. 
 Section 12.22    Acknowledgement and
Admissions. Each Note Party hereby acknowledges: 
 (a)    it has been advised by counsel in the
negotiation, execution and delivery of the Note Documents; 
 (b)    it has made an independent decision
to enter into this Agreement and the other Note Documents to which it is a party, without reliance on any representation, warranty, covenant or undertaking by the Agent or any Holder, whether written, oral or implicit, other than as expressly set
out in this Agreement or in another Note Document delivered on or after the date hereof; 
 (c)    there
are no representations, warranties, covenants, undertakings or agreements by the Agent or any Holder as to the Note Documents except as expressly set out in this Agreement and the other Note Documents; 

(d)    none of the Agent or any Holder has any fiduciary obligation toward it with respect to any Note
Document or the transactions contemplated thereby; 
 (e)    no partnership or joint venture exists with
respect to the Note Documents between any Note Party, on the one hand, and Agent or any Holder, on the other; 

(f)    the Agent is not any Note Party’s agent except as otherwise provided herein; 

(g)    Kirkland & Ellis LLP is not counsel for any Note Party; 

(h)    should an Event of Default or Default occur or exist, each of the Agent and each Holder will
determine in its discretion and for its own reasons what remedies and actions it will or will not exercise or take at that time; 

(i)    without limiting any of the foregoing, no Note Party is relying upon any representation or covenant
by any of the Agent or any Holder, or any representative thereof, and no such representation or covenant has been made, that any of the Agent or any Holder will, at the time of an Event of Default or Default, or at any other time, waive, negotiate,
discuss, or take or refrain from taking any action permitted under the Note Documents with respect to any such Event of Default or Default or any other provision of the Note Documents; 

  
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 (j)    the Agent and the Holders have all relied upon the
truthfulness of the acknowledgments in this Section 12.22 in deciding to execute and deliver this Agreement and to become obligated hereunder. 

Section 12.23    Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any Note Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges
that any liability of any EEA Financial Institution arising under any Note Document may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and
acknowledges and agrees to be bound by: 
 (a)    the application of any
Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 

(b)    the effects of any Bail-In Action on any such liability,
including, if applicable: 
 (i)    a reduction in full or in part or cancellation of any such liability;

 (ii)    a conversion of all, or a portion of, such liability into shares or other instruments of
ownership in such EEA Financial Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with
respect to any such liability under this Agreement or any other Loan Document; or 
 (iii)    the
variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority. 

Section 12.24    Transferability of Securities; Restrictive Legend. Each
note, certificate or other instrument evidencing the Notes issued by the Issuer shall be stamped or otherwise imprinted with a legend in substantially the following forms. 

“THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. NEITHER THIS NOTE NOR ANY
INTEREST HEREIN MAY BE OFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION.” 

Notwithstanding the foregoing, the restrictive legend set forth above shall not be required after the date on which the securities evidenced by such note,
certificate or other instrument bearing such restrictive legend no longer constitute “restricted securities” (as defined in Rule 144 promulgated under the Securities Act), and upon the request of the Holder of such Notes, the Issuer,
without expense to such Holder, shall issue a new note, certificate or other instrument as applicable not bearing the restrictive legend otherwise required to be borne thereby 

Section 12.25    Replacement of Notes. Upon receipt by the Issuer of
evidence reasonably satisfactory to it of the ownership of and the loss, theft, destruction or mutilation of any Note, and (a) in the case of loss, theft or destruction, of indemnity reasonably satisfactory to it (provided that if the Holder of
such Note is, or is a nominee for, another Holder with a minimum net worth of at least $10,000,000, such Person’s own unsecured agreement of indemnity shall be deemed to be satisfactory), or (b) in the

  
 104 

 
case of mutilation, upon surrender and cancellation thereof, the Issuer at its own expense shall execute and deliver, in lieu thereof, a new Note of the same series, dated and, in the case of a
Note, bearing interest from the date to which interest shall have been paid on such lost, stolen, destroyed or mutilated Note or dated the date of such lost, stolen, destroyed or mutilated Note if no interest shall have been paid thereon. 

ARTICLE XIII 

REPRESENTATIONS OF HOLDERS 

In order to induce the Issuer to issue and sell the Notes to the Holders, each Holder hereby represents and warrants to the Issuer, and
acknowledges as follows 
 Section 13.01    Organization and Standing.
Such Holder is a corporation or other entity duly incorporated or formed and validly existing under the laws of the jurisdiction of its incorporation or formation. 

Section 13.02    Authorization; Enforceability. Such Holder has the full
power and authority to enter into this Agreement, and (assuming due execution by the other parties hereto) this Agreement constitutes its valid and legally binding obligation, enforceable against it in accordance with its terms, except to the extent
the enforceability thereof may be limited by (i) the effects of bankruptcy, insolvency, moratorium, reorganization, fraudulent conveyance or other similar laws affecting creditors’ rights generally, (ii) general principles of equity
(regardless of whether such enforceability is considered in a proceeding in equity or at law) and (iii) implied covenants of good faith and fair dealing. 

Section 13.03    Investment. Such Holder acquired each such Note solely for
its own account, for investment purposes, with no intention of distributing or reselling such Note in any public offering or in any transaction that would be in violation of applicable securities laws of the United States or any other applicable
jurisdiction or any state or province thereof, without prejudice, however, to such Holder’s right at all times to sell or otherwise dispose of all or any part of the Note under an effective registration statement under the Securities Act and
applicable state securities or “blue sky” laws (it being understood that the Issuer has no obligation or intention to undertake any such registration), or an exemption from such registration requirements and in compliance with applicable
securities laws. Such Holder has not solicited offers for, or offered or sold, and will not solicit offers for, or offer or sell, the Note by means of any form of general solicitation or general advertising within the meaning of Rule 502(c) of
Regulation D of the Securities Act, or in any manner involving a public offering within the meaning of Section 4(a)(2) of the Securities Act. 

Section 13.04    Accredited Investor. Such Holder, at the time that it
committed to enter into this Agreement was, and now is, an “accredited investor” as that term is defined in Rule 501 of Regulation D under the Securities Act. 

Section 13.05    No Resale or Repurchase. No person has made to such Holder
any written or oral representations (i) that any person will resell or repurchase the Notes (except in accordance with the Organizational Documents of the Issuer), (ii) that any person will refund the purchase price of the Notes, or
(iii) as to the future price or value of the Notes. 

Section 13.06    Private Placement. Such Holder understands that the Notes
are being offered for sale only on a “private placement” basis and that the sale and delivery of the Notes is conditional upon such sale being exempt from the requirements as to the filing of a prospectus or registration statement or
delivery of an offering memorandum or upon the issuance of such orders, consents or approvals as may be required to permit such sale without the requirement of filing a prospectus or delivering an offering memorandum and, as a consequence,
(i) such Holder is restricted from using most of the civil remedies 

  
 105 

 
available under applicable securities legislation, (ii) such Holder may not receive information that would otherwise be required to be provided to it under applicable securities legislation,
and (iii) 
the Issuer is relieved from certain obligations that would otherwise apply under applicable securities legislation. 
 
Section 13.07    Knowledge and Experience. Without limiting the force and effect of the representations and warranties of any party to a Note Document, such Holder (i) has such knowledge and experience in
financial and business matters, as to enable it to evaluate the merits and risks of entering into this Agreement, receiving the Notes, (ii) is able to bear the economic risk of the transaction, (iii) is able to hold its interest
indefinitely unless a subsequent disposition thereof is registered under the Securities Act or is exempt from registration and is completed in compliance with applicable securities laws, (iv) has been independently advised as to restrictions
with respect to trading in the Notes imposed by applicable securities laws, (v) confirms that no representation (written or oral) has been made to it (with respect to trading restrictions imposed by applicable securities laws) by or on behalf
of the Issuer or Agent with respect thereto, (vi) has conducted its own investigation of the Issuer and the terms of the Note, (vii) (A) confirms it has had access to information as it deemed necessary to make its decision to purchase the
Notes, and (B) has been offered the opportunity to ask questions of the Issuer and receive answers thereto, as it deemed necessary in connection with the decision to purchase the Notes, and (viii) acknowledges that it is aware of the
characteristics of the Notes, and the risks relating to an investment therein. 

Section 13.08    No Materials. Without limiting the representations and
warranties set forth in the Note Documents, such Holder has not received or been provided with, nor has it requested, nor does it have any need to receive, any offering memorandum, any prospectus, sales or advertising literature describing or
purporting to describe the business and affairs of the Issuer which has been prepared for delivery to, and review by, prospective purchasers in order to assist them in making an investment decision in respect of the Notes. 

Section 13.09    Transfer Restrictions. Such Holder acknowledges and agrees
that none of the Notes has been registered under the Securities Act or the securities laws of any country or state, and none of them may be sold or otherwise transferred in the absence of an effective registration thereunder unless an exemption from
registration is available. Such Holder also acknowledges and agrees that the Notes are subject to resale restrictions in the United States, may be subject to resale restrictions in jurisdictions other than the United States under applicable
securities laws, and that any sale or transfer will be completed in compliance with applicable securities laws. 
 
Section 13.10    Offer and Sales Only in Certain Circumstances. If such Holder decides to offer, sell, pledge or otherwise transfer any of the Notes, it will not offer, sell, pledge or otherwise transfer any of
such Notes, directly or indirectly, unless: (a) the sale is made pursuant to registration of the Notes under the Securities Act; (b) the sale is made to the Issuer; (c) the sale is made outside the United States in a transaction
meeting the requirements of Rule 904 of Regulation S under the Securities Act and in compliance with applicable local securities laws and regulations; (d) the sale is made pursuant to the exemption from the registration requirements of the
Securities Act provided by Rule 144 or Rule 144A thereunder, if available, and, in either case, in accordance with any applicable state securities or “blue sky” laws; or (e) the Notes are sold in any other transaction that does not
require registration under the Securities Act or any applicable state securities or “blue sky” laws. 
 
Section 13.11    Subsequent Purchaser Notification. Such Holder will take reasonable steps to inform, and cause each of its Affiliates and Related Funds that is a U.S. person (as defined in Section 902 of
Regulation S under the Securities Act) to take reasonable steps to inform, any person acquiring Notes from such Holder, Affiliate or Related Fund, as the case may be, in the United States that the Notes (A) have not been and will not be
registered under the Securities Act, (B) are being sold to them without 

  
 106 

 
registration under the Securities Act in reliance on Rule 144A or in accordance with another exemption from registration under the Securities Act and (C) may not be offered, sold or
otherwise transferred except (1) to the Issuer, (2) outside the United States in accordance with Regulation S and in compliance with applicable local securities laws and regulations, (3) inside the United States in accordance with
(x) Rule 144A to a person whom the seller reasonably believes is a qualified institutional buyer, as defined in Rule 144A (“Qualified Institutional Buyer”) that is purchasing such Notes for its own account or for the account of a
Qualified Institutional Buyer to whom notice is given that the offer, sale or transfer is being made in reliance on Rule 144A or (y) pursuant to another available exemption from registration under the Securities Act. 

Section 13.12    No Plan Assets. The assets of each Holder are not
considered “plan assets” under ERISA or otherwise subject to Section 4975 of the Code. 
 [SIGNATURES BEGIN NEXT PAGE] 

  
 107 

 The parties hereto have caused this Agreement to be duly executed as of the day and year first
above written. 
 ISSUER: 
  

									
		 		 	ROSEHILL OPERATING COMPANY, LLC
					
		 		 		 	By:	 	/s/ R. Craig Owen
		 		 		 		 	R. Craig Owen
		 		 		 		 	Chief Financial Officer

  

									
	RRI:	 		 	ROSEHILL RESOURCES INC.
					
		 		 		 	By:	 	/s/ R. Craig Owen
		 		 		 		 	R. Craig Owen
		 		 		 		 	Chief Financial Officer

  

  
 SIGNATURE PAGE TO

 NOTE PURCHASE AGREEMENT 

							
	AGENT:	 		 	    U.S. BANK NATIONAL ASSOCIATION, as Agent

							
				
		 		 	By:	 	 /s/ Laurel A. Melody-Cassanta

		 		 	Name:	 	Laurel A. Melody-Cassanta
		 		 	Title	 	Vice President

							
	HOLDER:	 		 	EIG HOLDINGS PARTNERSHIP (DIREWOLF), L.P., as a Holder
				
		 		 	By:	 	EIG Management Company, LLC
		 		 	Its:	 	Manager
				
		 		 	By:	 	/s/ Patrick Hickey
		 		 	Name:	 	Patrick Hickey
		 		 	Title:	 	Managing Director
				
		 		 	By:	 	/s/ Kathleen Turner
		 		 	Name:	 	Kathleen Turner
		 		 	Title:	 	Associate Counsel

  

							
	HOLDER:	 		 	EIG ENERGY FUND XVI, L.P., as a Holder
				
		 		 	By:	 	EIG Management Company, LLC
		 		 	Its:	 	Manager
				
		 		 	By:	 	/s/ Patrick Hickey
		 		 	Name:	 	Patrick Hickey
		 		 	Title:	 	Managing Director
				
		 		 	By:	 	/s/ Kathleen Turner
		 		 	Name:	 	Kathleen Turner
		 		 	Title:	 	Associate Counsel

							
	HOLDER:	 		 	EIG ENERGY FUND XVI-B, L.P., as a Holder
				
		 		 	By:	 	EIG Management Company, LLC
		 		 	Its:	 	Manager
				
		 		 	By:	 	/s/ Patrick Hickey
		 		 	Name:	 	Patrick Hickey
		 		 	Title:	 	Managing Director
				
		 		 	By:	 	/s/ Kathleen Turner
		 		 	Name:	 	Kathleen Turner
		 		 	Title:	 	Associate Counsel

  

							
	HOLDER:	 		 	EIG ENERGY FUND XVI-E, L.P., as a Holder
				
		 		 	By:	 	EIG Management Company, LLC
		 		 	Its:	 	Manager
				
		 		 	By:	 	/s/ Patrick Hickey
		 		 	Name:	 	Patrick Hickey
		 		 	Title:	 	Managing Director
				
		 		 	By:	 	/s/ Kathleen Turner
		 		 	Name:	 	Kathleen Turner
		 		 	Title:	 	Associate Counsel

  
 SIGNATURE PAGE TO

 NOTE PURCHASE AGREEMENT 

							
	HOLDER:	 		 	EIG-KEATS ENERGY PARTNERS, L.P., as a Holder
				
		 		 	By:	 	EIG Management Company, LLC
		 		 	Its:	 	Manager
				
		 		 	By:	 	/s/ Patrick Hickey
		 		 	Name:	 	Patrick Hickey
		 		 	Title:	 	Managing Director
				
		 		 	By:	 	/s/ Kathleen Turner
		 		 	Name:	 	Kathleen Turner
		 		 	Title:	 	Associate Counsel

  

							
	HOLDER:	 		 	EIG-GATEWAY DIRECT INVESTMENTS (DIREWOLF), L.P., as a Holder
				
		 		 	By:	 	EIG Management Company, LLC
		 		 	Its:	 	Manager
				
		 		 	By:	 	/s/ Patrick Hickey
		 		 	Name:	 	Patrick Hickey
		 		 	Title:	 	Managing Director
				
		 		 	By:	 	/s/ Kathleen Turner
		 		 	Name:	 	Kathleen Turner
		 		 	Title:	 	Associate Counsel

  
 SIGNATURE PAGE 

NOTE PURCHASE AGREEMENT 

							
	HOLDER:	 		 	TRILOMA EIG ENERGY INCOME FUND, as a Holder
				
		 		 	By:	 	/s/ Deryck Harmer
		 		 	Name:	 	Deryck Harmer
		 		 	Title:	 	President

  

							
	HOLDER:	 		 	TRILOMA EIG ENERGY INCOME FUND - TERM I, as a Holder
				
		 		 	By:	 	/s/ Deryck Harmer
		 		 	Name:	 	Deryck Harmer
		 		 	Title:	 	President

  
 SIGNATURE PAGE 

NOTE PURCHASE AGREEMENT 

 ANNEX I 

COMMITMENTS 
  

									
	 Holder
	  	Commitment	 	  	Pro Rata Share	 
	 EIG Holdings Partnership (Direwolf), L.P.
	  	$	22,394,699.09	 	  	 	22.39470	% 
	 EIG Energy Fund XVI, L.P.
	  	$	53,255,038.46	 	  	 	53.25504	% 
	 EIG Energy Fund XVI-B, L.P.
	  	$	11,354,571.34	 	  	 	11.35457	% 
	 EIG Energy Fund XVI-E, L.P.
	  	$	856,466.39	 	  	 	0.85647	% 
	 EIG-Keats Energy Partners, L.P.
	  	$	7,139,224.72	 	  	 	7.13922	% 
	 EIG Gateway Direct Investments (Direwolf), L.P.
	  	$	3,333,333.33	 	  	 	3.33333	% 
	 Triloma EIG Energy Income Fund
	  	$	1,066,666.67	 	  	 	1.06667	% 
	 Triloma EIG Energy Income Fund—Term I
	  	$	600,000.00	 	  	 	0.60000	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	$	100,000,000	 	  	 	100.00	% 
		  	  
	  
	 	  	  
	  
	 

  
 Annex-I - 1

 ANNEX II 

NOTICE ADDRESSES 
  

			
	 RRI or
 Issuer’s

Office:
	  	 16200 Park Row, Suite 300
 Houston Texas
77084
 Attn: Alan Townsend and Craig Owen
 Email:
cowen@rosehillres.com; atownsend@rosehillres.com

		
	 The
 Holders’

Offices:
	  	 EIG HOLDINGS PARTNERSHIP (DIREWOLF), L.P.

c/o EIG Management Company, LLC
 Three Allen Center

333 Clay Street, Ste. 3500
 Houston, TX 77002

Attn: Patrick Hickey & Aneil Kochar
 Email:
Patrick.Hickey@eigpartners.com
 cc: Aneil.Kochar@eigpartners.com & wdc@eigpartners.com

Fax: 713-615-7454 (Patrick) & 713-615-7472 (Aneil)

		
		  	 EIG ENERGY FUND XVI, L.P.
 EIG ENERGY FUND XVI-B, L.P.
 EIG ENERGY FUND XVI-E, L.P.

c/o EIG Management Company, LLC
 Three Allen Center

333 Clay Street, Ste. 3500
 Houston, TX 77002

Attn: Patrick Hickey & Aneil Kochar
 Email:
Patrick.Hickey@eigpartners.com
 cc: Aneil.Kochar@eigpartners.com & wdc@eigpartners.com

Fax: 713-615-7454 (Patrick) & 713-615-7472 (Aneil)

		
		  	 EIG-KEATS ENERGY PARTNERS, L.P.

c/o EIG Management Company, LLC
 Three Allen Center

333 Clay Street, Ste. 3500
 Houston, TX 77002

Attn: Patrick Hickey & Aneil Kochar
 Email:
Patrick.Hickey@eigpartners.com
 cc: Aneil.Kochar@eigpartners.com & wdc@eigpartners.com

Fax: 713-615-7454 (Patrick) & 713-615-7472 (Aneil)

		
		  	 EIG-GATEWAY DIRECT INVESTMENTS (DIREWOLF), L.P.

c/o EIG Management Company, LLC
 Three Allen Center

333 Clay Street, Ste. 3500
 Houston, TX 77002

Attn: Patrick Hickey & Aneil Kochar
 Email:
Patrick.Hickey@eigpartners.com
 cc: Aneil.Kochar@eigpartners.com & wdc@eigpartners.com

Fax: 713-615-7454 (Patrick) & 713-615-7472 (Aneil)

  

Annex- II - 1 

			
		  	 TRILOMA EIG ENERGY INCOME FUND
 TRILOMA EIG
ENERGY INCOME FUND – TERM I
 c/o EIG Credit Management Company, LLC

Three Allen Center
 333 Clay Street, Ste. 3500

Houston, TX 77002
 Attn: Patrick Hickey & Aneil
Kochar
 Email: Patrick.Hickey@eigpartners.com
 cc:
Aneil.Kochar@eigpartners.com & wdc@eigpartners.com
 Fax:
713-615-7454 (Patrick) & 713-615-7472 (Aneil)

		
	Agent’s Offices	  	 U.S. BANK NATIONAL ASSOCIATION
 Global Corporate
Trust Services
 214 North Tryon Street—27th Floor

Charlotte, NC 28202-1078 | CN-NC-H27Q

Attn: Lisa Dowd
 Email: Lisa.Dowd@usbank.com &
Agency.Services@usbank.com
 Tel: (704) 335-4576

 
 With a copy to (correspondence, and documents evidencing collateral security only):

 
 U.S. Bank National Association

Global Corporate Trust Services
 225 Asylum Street- 23rd Floor

Hartford, CT 06103
 Attn: Laurel Casasanta

Email: laurel.casasanta@usbank.com
 Tel: (860) 640-1282

  

Annex- II - 2 

 EXHIBIT A FORM OF NOTE 

ROSEHILL OPERATING COMPANY, LLC 

10.00% SENIOR SECURED SECOND LIEN NOTE DUE JANUARY 31, 2023 

THIS NOTE IS BEING ISSUED WITH ORIGINAL ISSUE DISCOUNT FOR UNITED STATES FEDERAL INCOME TAX PURPOSES. FOR INFORMATION REGARDING THE ISSUE PRICE, THE
TOTAL AMOUNT OF ORIGINAL ISSUE DISCOUNT, THE ISSUE DATE, AND THE YIELD TO MATURITY OF THE NOTE, PLEASE CONTACT [name or title at Issuer], [address or telephone number]. 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. NEITHER THIS NOTE NOR ANY INTEREST HEREIN MAY
BE OFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION. 

 

			
	No. [    ]	  	[                ], 20[    ]
	$[        ]	  	

 FOR VALUE RECEIVED, ROSEHILL OPERATING COMPANY, LLC, a Delaware limited liability company (the “Issuer”),
hereby promises to pay to
[                                    ] (the
“Holder”) or its registered assigns, at the office of U.S. BANK NATIONAL ASSOCIATION (the “Agent”) as set forth in the Note Purchase Agreement, the principal sum of [        ]
Dollars ($[        ]) (or such lesser amount as shall equal the unpaid principal amount of this Note, in lawful money of the United States of America and in immediately available funds, on the dates and in the
principal amounts provided in the Note Purchase Agreement as hereinafter defined, and to pay interest on the unpaid principal amount of this Note, at such office, in like money and funds, for the period commencing on the date of the purchase of this
Note until this Note shall be paid in full, at the rates per annum and on the dates provided in the Note Purchase Agreement. 
 The date and amount of this
Note, and each payment made on account of the principal thereof, shall be recorded by the Holder on its books and, prior to any transfer of this Note, may be recorded by the Holder on the schedules attached hereto or any continuation thereof or on
any separate record maintained by the Holder. Failure to make any such notation or to attach a schedule shall not affect the Holder’s or the Issuer’s rights or obligations in respect of this Note or affect the validity of such transfer by
the Holder of this Note. 
 This Note is one of the Notes referred to in the Note Purchase Agreement dated as of December 8, 2017 (as amended,
restated, amended and restated, supplemented or otherwise modified from time to time, the “Note Purchase Agreement”) among the Issuer, Rosehill Resources Inc., a Delaware corporation, the Agent, and the holders party thereto
(including the Holder) from time to time. Capitalized terms used in this Note have the respective meanings assigned to them in the Note Purchase Agreement. 

This Note is issued pursuant to the Note Purchase Agreement and is entitled to the benefits provided for in the Note Purchase Agreement and the other Note
Documents. The Note Purchase Agreement provides for the acceleration of the maturity of this Note upon the occurrence of certain events, for prepayments of this Note upon the terms and conditions specified therein and other provisions relevant to
this Note. 

  
 Exhibit A - 1

 The ownership of an interest in this Note shall be registered in the Register. Notwithstanding anything else in
this Note to the contrary, the right to the principal of, and stated interest and any fees or premiums on or with respect to, this Note may be transferred only if the transfer is made in accordance with the terms and conditions of the Note Purchase
Agreement, is registered in the Register and the transferee is identified as the owner of an interest in the obligation. The Holder or its agent shall be entitled to treat the registered holder of this Note (as recorded on such record of ownership)
as the owner in fact thereof for all purposes and shall not be bound to recognize any equitable or other claim to or interest in this Note on the part of any other person or entity. 

  
 Exhibit A - 2

 THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND THE RIGHTS OF THE ISSUER AND
THE HOLDER OF THIS NOTE SHALL BE GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK. 
  

			
	ROSEHILL OPERATING COMPANY, LLC

 
			
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  
 Exhibit A - 3

 EXHIBIT B 

FORM OF NOTE PURCHASE NOTICE 

[                ], 20[    ] 

ROSEHILL OPERATING COMPANY, LLC, a Delaware limited liability company (the “Issuer”), pursuant to Section 2.03 of the
Note Purchase Agreement dated as of December 8, 2017 (together with all amendments, restatements, supplements or other modifications thereto, the “Note Purchase Agreement”) among the Issuer, Rosehill Resources Inc., a Delaware
corporation, U.S. Bank National Association, as Agent and the holders of Notes (the “Holders”) which are or become parties thereto (unless otherwise defined herein, each capitalized term used herein is defined in the Note Purchase
Agreement), hereby requests a Note Purchase as follows: 
 (1)    Aggregate amount of Notes to be sold is
$[                ]; 
 (2)    Date the
Notes are to be sold is [                ], 20[    ]; 

(3)    Location and number of the Issuer’s account to which funds are to be disbursed are as follows: 

[                       
                 ] 

[                       
                 ] 

[                       
                 ] 

[                       
                 ] 

[                       
                 ] 
 The undersigned certifies that he/she is the
[                        ] of the Issuer, and that as such he/she is authorized to execute this certificate on behalf of
the Issuer. The undersigned further certifies, represents and warrants on behalf of the Issuer, and not in his or her individual capacity, that: 
  

	 	1.	As of the date such Notes are purchased, the representations and warranties of the Issuer set forth in the Note Purchase Agreement are true and correct in all material respects except to the extent any representation or
warranty set forth in the Note Purchase Agreement contains qualifiers such as “material”, “in all material respects,” “except as could not reasonably be expected to result in, either individually or in the aggregate, a
Material Adverse Effect” or similar qualifying language or similar qualifiers, then such representation or warranty is true and correct (unless such representations and warranties are stated to relate to a specific earlier date, in which case
such representations and warranties shall be true and correct in all material respects as of such earlier date). 

  

	 	2.	As of the date such Notes are purchased and immediately after giving effect to the issuance of such Notes, (i) no Default or Event of Default has occurred and is continuing and (ii) no Default (as defined in
the First Lien Credit Agreement on the date hereof or any functionally equivalent term) or Event of Default (as defined in the First Lien Credit Agreement on the date hereof or any functionally equivalent term) has occurred and is continuing.

 [Signature page follows.] 

  
 Exhibit B - 1

 
			
	ROSEHILL OPERATING COMPANY, LLC

 
			
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  
 Exhibit B - 2

 EXHIBIT C 

FORM OF CHANGE IN CONTROL ELECTION NOTICE 

[Reserved] 

  
 Exhibit C - 1

 EXHIBIT D 

FORM OF 
 COMPLIANCE
CERTIFICATE 

[                      
  ], 20[    ] 
 The undersigned hereby certifies that he/she is the
[                ] of Rosehill Resources Inc., a Delaware corporation (“RRI”) and the
[                ] of Rosehill Operating Company, LLC, a Delaware limited liability company (the “Issuer”), and that as such he/she is authorized
to execute this certificate on behalf of the Issuer. With reference to the Note Purchase Agreement dated as of December 8, 2017 (together with all amendments, restatements, supplements or other modifications thereto being the
“Agreement”) among the Issuer, RRI, U.S. Bank National Association, as Agent, and the holders of Notes (the “Holders”) which are or become a party thereto, the undersigned certifies on behalf of the Issuer, and not
in his or her individual capacity, as follows (each capitalized term used herein having the same meaning given to it in the Agreement unless otherwise specified): 

1    There exists no Default or Event of Default [or specify Default and describe]. 

2    Attached hereto are the detailed computations necessary to determine whether the Issuer is in compliance with
Section 9.01 of the Note Purchase Agreement as of the end of the [Fiscal Quarter][Fiscal Year] ending [        ]. 

3.    There have been no changes in GAAP or in the application thereof since the date of the most recently delivered
financial statements referred to in Section 8.01(a) and (b) of the Note Purchase Agreement [other than as described below:]. 

EXECUTED AND DELIVERED as of the date first written above. 

 

			
	ROSEHILL RESOURCES INC.

 
			
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

			
	ROSEHILL OPERATING COMPANY, LLC

 
			
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  
 Exhibit D - 1

 EXHIBIT E 

FORM OF 
 SOLVENCY
CERTIFICATE 
 THE UNDERSIGNED HEREBY CERTIFIES AS A FINANCIAL OFFICER OF THE ISSUER, AND NOT IN AN INDIVIDUAL CAPACITY, AS FOLLOWS:

 1.    I am the
[                    ] of Rosehill Operating Company, LLC, a Delaware limited liability company (“Issuer”). 

2.    Reference is made to that certain Note Purchase Agreement dated as of December 8, 2017 (together with all
amendments, restatements, supplements or other modifications thereto being the “Note Purchase Agreement”), by and among the Issuer, Rosehill Resources Inc., a Delaware corporation, the Holders party thereto from time to time and
U.S. Bank National Association, as Agent. The capitalized terms not otherwise defined herein shall have the meanings specified in the Note Purchase Agreement. 

3.    I have reviewed the term “Solvent” as defined in the Note Purchase Agreement and the other definitions and
provisions contained in the Note Purchase Agreement and the other Note Documents relating thereto, and, in my opinion, have made, or have caused to be made under my supervision, such examination or investigation as is necessary to enable me to
express an informed opinion as to the matters referred to herein. 
 4.    Based upon my review and examination
described in paragraph 3 above, I certify, in my capacity as [                    ] of the Issuer that as of the date hereof, after giving
effect to the consummation of the Transactions, the Note Parties are and will be Solvent. 
 [Signature Page Follows] 

  
 Exhibit E - 1

 IN WITNESS WHEREOF, the undersigned has executed this Certificate as of the date first
written above. 
  

			
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 Exhibit E - 2

 EXHIBIT F 

SECURITY INSTRUMENTS 
  

	 	1.	Security Agreement, dated as of December 8, 2017, made by each of the Debtors (as defined therein) in favor of U.S. Bank National Association, as Agent. 

 

	 	2.	Deed of Trust, Mortgage, Security Agreement, Assignment of Production and Financing Statement, dated as of December 8, 2017, by Rosehill Operating Company, LLC to Michael M. Hopkins, as Trustee, and U.S. Bank
National Association, as Agent, to be filed in each of Loving County, Texas, Pecos County, Texas Wise County, Texas. 

  

	 	3.	Line of Credit Mortgage, Mortgage, Security Agreement, Assignment of Production and Financing Statement, dated as of December 8, 2017, by Rosehill Operating Company, LLC to U.S. Bank National Association, as Agent,
to be filed in Eddy County, New Mexico and Lea County, New Mexico. 

  
 Exhibit F - 1

 EXHIBIT G 

FORM OF ASSIGNMENT AGREEMENT 

This Assignment Agreement (the “Assignment Agreement”) is dated as of the Effective Date set forth below and is entered into
by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Note
Purchase Agreement identified below (as amended, the “Note Purchase Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases
and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Note Purchase Agreement, as of the Effective Date inserted by the Agent as contemplated below (i) all of the Assignor’s rights and
obligations in its capacity as a Holder under the Note Purchase Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding
rights and obligations of the Assignor under the respective facilities identified below and (ii) to the extent permitted to be assigned under applicable Law, all claims, suits, causes of action and any other right of the Assignor (in its
capacity as a Holder) against any Person, whether known or unknown, arising under or in connection with the Note Purchase Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any
way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned
pursuant to clause (i) above (the rights and obligations sold and assigned by the Assignor to the Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”). Such sale
and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment Agreement, without representation or warranty by the Assignor. 

As of the Effective Date, the Assignee represents and warrants that each representation and warranty set forth in ARTICLE XIII and in
Section 12.04(b)(v) of the Note Purchase Agreement is true and correct in all respects on and as of the Effective Date. 
  

							
	1.	    	 Assignor:
	    	      
	    	
				
	2.	    	Assignee:	    	      
	    	
		    		    	[and is an Affiliate or Related Fund of [identify Holder]]
			
	3.	    	Issuer:	    	Rosehill Operating Company, LLC (the “Issuer”)
			
	4.	    	Agent:	    	U.S. Bank National Association as the agent under the Note Purchase Agreement (in such capacity, the “Agent”)
			
	5.	    	Agreement:	    	The Note Purchase Agreement dated as of December 8, 2017, among the Issuer, Rosehill Resources Inc., a Delaware corporation, the Holders parties thereto from time to time and the Agent
				
	6.	    	 AssignedInterest:
	    		    	

  

							
	 Amount of Notes

Assigned
	  	 Date of Issuance of

Notes Assigned
	  	 Aggregate Amount of

Notes for all Holders
	  	Percentage Assigned of Notes
	
$                
    
	  		  	$                    	  	                    %
	
$                
    
	  		  	$                    	  	                    %
	
$                
    
	  		  	$                    	  	                    %

  
 Exhibit G - 1

 Effective Date:
                                 ,
20         (the “Effective Date”) [TO BE INSERTED BY AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 

This Assignment Agreement shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns.
This Assignment Agreement may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment Agreement by email or telecopy shall be effective as
delivery of a manually executed counterpart of this Assignment Agreement. This Assignment Agreement shall be governed by, and construed in accordance with, the law of the State of New York. 

  
 Exhibit G - 2

 The terms set forth in this Assignment Agreement are hereby agreed to: 

 

			
	ASSIGNOR
	
	[NAME OF ASSIGNOR]

 
			
		
	By:	 	 
		 	Title:

 
			
	
	ASSIGNEE
	
	[NAME OF ASSIGNEE]

 
			
		
	By:	 	 
		 	Title:

  
 Exhibit G - 3

 Accepted: 
 U.S.
BANK NATIONAL ASSOCIATION, as Agent 

					
		
	By	 	 
		 	Name:	 	
		 	Title:	 	

 [Consented to:]1 

 

					
	ROSEHILL OPERATING COMPANY, LLC
		
	By	 	 
		 	Name:	 	
		 	Title:	 	

  

	1 	To be added only if the consent of the Issuer is required by the terms of the Note Purchase Agreement. 

  
 Exhibit G - 4

 EXHIBIT H-1 

Form of U.S. Tax Compliance Certificate 

(For Non-U.S. Holders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Note Purchase Agreement dated as of December 8, 2017 (as amended, supplemented or otherwise modified
from time to time, the “Note Purchase Agreement”), among Rosehill Operating Company, LLC, as Issuer, Rosehill Resources Inc., a Delaware corporation, U.S. Bank National Association, as Agent, and each Holder from time to time party
thereto. 
 Pursuant to the provisions of Section 5.03 of the Note Purchase Agreement, the undersigned hereby certifies that
(i) it is the sole record and beneficial owner of the Note(s) (as well as any Note(s) evidencing such Note(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of
the Code, (iii) it is not a ten percent shareholder of the Issuer within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related to the Issuer as described in
Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the Agent and the Issuer with a certificate of its Non-U.S. Holder status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the
undersigned shall promptly so inform the Issuer and the Agent, and (2) the undersigned shall have at all times furnished the Issuer and the Agent with a properly completed and currently effective certificate in either the calendar year in which
each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined
herein, terms defined in the Agreement and used herein shall have the meanings given to them in the Agreement. 
  

			
	[NAME OF HOLDER]
		
	By:	 	 
		 	Name:
		 	Title:

 Date:
                                 ,
20         

  
 Exhibit H-1 - 1

 EXHIBIT H-2 

Form of U.S. Tax Compliance Certificate 

(For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Note Purchase Agreement dated as of December 8, 2017 (as amended, supplemented or otherwise modified
from time to time, the “Note Purchase Agreement”), among Rosehill Operating Company, LLC, as Issuer, Rosehill Resources Inc., a Delaware corporation, U.S. Bank National Association, as Agent, and each Holder from time to time party
thereto. 
 Pursuant to the provisions of Section 5.03 of the Note Purchase Agreement, the undersigned hereby certifies that
(i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent
shareholder of the Issuer within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to the Issuer as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Holder with a certificate of its Non-U.S. Holder
status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Holder in
writing, and (2) the undersigned shall have at all times furnished such Holder with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the
two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Note Purchase Agreement and used
herein shall have the meanings given to them in the Note Purchase Agreement. 
  

			
	[NAME OF PARTICIPANT]
		
	By:	 	 
		 	Name:
		 	Title:

 Date:
                                 ,
20         

  
 Exhibit H-2 - 1

 EXHIBIT H-3 

Form of U.S. Tax Compliance Certificate 

(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Note Purchase Agreement dated as of December 8, 2017 (as amended, supplemented or otherwise modified
from time to time, the “Note Purchase Agreement”), among Rosehill Operating Company, LLC, as Issuer, Rosehill Resources Inc., a Delaware corporation, U.S. Bank National Association, as Agent, and each Holder from time to time party
thereto. 
 Pursuant to the provisions of Section 5.03 of the Note Purchase Agreement, the undersigned hereby certifies that
(i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation, (iii) with respect such
participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of
Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Issuer within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect
partners/members is a controlled foreign corporation related to the Issuer as described in Section 881(c)(3)(C) of the Code. 
 The
undersigned has furnished its participating Holder with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption:
(i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such
partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall
promptly so inform such Holder and (2) the undersigned shall have at all times furnished such Holder with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the
undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Note
Purchase Agreement and used herein shall have the meanings given to them in the Note Purchase Agreement. 
  

			
	[NAME OF PARTICIPANT]
		
	By:	 	 
		 	Name:
		 	Title:

 Date:
                                 ,
20         

  
 Exhibit H-3 - 1

 EXHIBIT H-4 

Form of U.S. Tax Compliance Certificate 

(For Non-U.S. Holders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Note Purchase Agreement dated as of December 8, 2017 (as amended, supplemented or otherwise modified
from time to time, the “Note Purchase Agreement”), among Rosehill Operating Company, LLC, as Issuer, Rosehill Resources Inc., a Delaware corporation, U.S. Bank National Association, as Agent, and each Holder from time to time party
thereto. 
 Pursuant to the provisions of Section 5.03 of the Note Purchase Agreement, the undersigned hereby certifies that
(i) it is the sole record owner of the Note(s) (as well as any Note(s) evidencing such Note(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such
Note(s) (as well as any Note(s) evidencing such Note(s)), (iii) with respect to the extension of credit pursuant to this Note Purchase Agreement or any other Note Document, neither the undersigned nor any of its direct or indirect partners/members
is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten
percent shareholder of the Issuer within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Issuer as described in
Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished the Agent and the Issuer with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or
(ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest
exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Issuer and the Agent, and (2) the undersigned shall have at all
times furnished the Issuer and the Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such
payments. 
 Unless otherwise defined herein, terms defined in the Note Purchase Agreement and used herein shall have the meanings given to
them in the Note Purchase Agreement. 
  

			
	[NAME OF HOLDER]
		
	By:	 	 
		 	Name:
		 	Title:

 Date:
                                 ,
20         

  
 Exhibit H-4 - 1

 Schedule 1.01 

EXISTING LIENS 
 None. 

[Remainder of Page Intentionally Left Blank] 

  
 Schedule
1.01 - 1 

 SCHEDULE 7.05 

LITIGATION 
 None. 

[Remainder of Page Intentionally Left Blank] 

  
 Schedule
7.05 - 1 

 SCHEDULE 7.06 

ENVIRONMENTAL MATTERS 

None. 
 [Remainder of Page
Intentionally Left Blank] 

  
 Schedule
7.06 - 1 

 SCHEDULE 7.12 

INSURANCE 
 [See Attached]

 [Remainder of Page Intentionally Left Blank] 

  
 Schedule
7.12 - 1 

 ROSEHILL OPERATING COMPANY, LLC 

Schedule of Insurance 
  

													
	 Description
	  	Insurer	 	Policy Number	  	Policy Period	  	 Policy Limits
	  	 Deductible
	  	 Premium

	 Workers' Compensation

Guaranteed Cost Program

All States
	  	Travelers Property
Casualty Company of
America	 	UB-2J479137	  	4/27/2017-18	  	 Coverage A: Statutory
 Coverage
B:
 Bodily Injury by Accident:
 $1,000,000 each Accident

Bodily Injury by Disease:
 $1,000,000 Policy Limit

Bodily Injury by Disease:
 $1,000,00 each Employee
	  	$—	  	 $9,937

Includes TRIA of

$762

	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	 Automobile Liability
	  	St Paul Fire & Marine
 Insurance Company
	 	ZLP-51M79887	  	4/27/2017-18	  	 $ 1,000,000—Liability

$Basic—Personal Injury Protection
 $ 1,000,000—Uninsured
Motorist
 $ 1,000,000—Underinsured Motorist
 $
35,000—Hired Car Physical Damage
 $10,000—Medical Payments Protection
	  	$—	  	 $12,682

Includes Auto Pollution and Auto Surcharge of $12

Pricing Based On 6 Units

	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	 General Liability Incl

Sudden and Accidental

Pollution Includes Employee

Benefits Liability
	  	St Paul Fire & Marine
Insurance Company	 	ZLP-51M79887	  	4/27/2017-18	  	 $1,000,000 Per Occurrence

$2,000,000 Products and Completed
 Operations Aggregate

$2,000,000 General Aggregate
 $1,000,000 Each Wrongful Act
limit—Empl Benefits Liab
 $3,000,000 Total Limit—Empl Benefits Liab

$1,000,000 Adv / Pers Injury Aggregate
 $ 100,000 Fire Legal

$ 1,000,000 Underground Resources Aggregate
 $ 5,000 Med
Pay
	  	 $10,000 per Occurrence
 Bodily
Injury Liability and
 Property Damage Liability

Combined—Pollution requires
 knowledge within 30 days and

reporting within 90 days
 $1,000 Employee Benefits Ded
	  	 $6,300

Excludes Terrorism
 To Include Add
$98

	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	 Property Damage Coverage
	  	St Paul Fire & Marine
 Insurance Company
	 	ZLP-51M79887	  	4/27/2017-18	  	 $890,000—Business Personal Property Limit

$6,818,637—Oil Lease Property & Equipment Limit
 $
500,000—Max Unschd Oil & Gas Property Limit (item)
 $ 2,500,000—Max Unschd Oil & Gas Property Limit (event)

$ 100,000—Misc Unnamed locations
 $ 1,000,000—Per
Occurrence—Flood
 $1,000,000—Per Occurrence—Earth Movement

$596,000—Small Computer Equipment (EDP)

$625,042—Contractors Equipment Limit
 $100,750—Blanket
Earnings and Expense
 Various other sub limits apply (refer to policy)
	  	 $25,000 BPP Deductible
 $2% or
$25,000 (whichever is
 greater Wind and Hail Deductible
 $25,000
Flood Deductible (Balto)
 $2% or $25,000 (whichever is
 greater
Flood Deductible (Houston)
 $5,000 Inland Marine Equip Ded

$50,000 Oil Lease Property Ded
 $1,000 Contractors Equip
Ded
	  	 $35,191

TRIA Charge–$1,548

	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	 First Excess Umbrella Liability
	  	St Paul Fire & Marine
 Insurance Company
	 	ZLP-51M79887	  	4/27/2017-18	  	 $25,000,000 Per Occurrence

$25,000,000 Annual Aggregate
 Excess of:

$1,000,000 GL each Occurrence
 $1,000,000 each Occur/Product
Liab.
 $2,000,000 Annual Agg/Products
 Liability and Completed
Operations
 $1,000,000 AL each occurrence

$1,000,000/$1,000,000/$1,000,000
 Employers Liability per
Occurrence
 per Disease and in the aggregate
	  	 $1,000,000 per Occurrence

Drop-Down – $ 10,000 SIR
	  	 $52,266

Excludes TRIA
 To Include Add
$20

	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	 Second Excess Umbrella Liability
	  	Lloyd's
 (Harmony Excess)
Thur Global Special
Rsik
	 	E0005-00	  	4/27/2017-18	  	 $25,000,000 per Occurrence

$25,000,000 Annual Aggregate Excess of:
 $ 25,000,000 Per Occurrence
and
 $ 25,000,000 in the aggregate annually, in turn excess of:

$1,000,000 GL each occurrence, including
 Sudden and Accidental
Pollution
 $1,000,000 each Occur/Product Liab.
 $2,000,000 Annual
Agg/Products
 Liability and Completed Operations
 $1,000,000 AL
each occurrence
 $1,000,000 Employers Liability each occurrence

$25,000,000 Control of Well
	  	 $ 25,000,000 per occurrence in turn

excess of $ 1,000,000 per Occurrence. Following form

excess – $ 10,000 SIR in primary umbrella for
 drop
down situations
	  	$48,500 Excludes TRIA
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	 Boiler and Machinery Coverage
	  	Hartford Steam
 BoilerInspection and
Insurance

Company
	 	FBP2361592	  	4/27/2017-18	  	$ 3,000,000 per Occurrence Property Damage	  	$ 25,000 per Occurrence	  	$2,832
		  	 		  		  	$500,000 per Occurrence Extra Expense	  		  	
		  	 		  		  	$ 1,000,000 per Occurrence Perishable Goods	  		  	
		  		 		  		  	$ 1,000,000 per Occurrence Data Restoration	  		  	
		  		 		  		  	$ 100,000 per Occurrence Demolition	  		  	
		  		 		  		  	$ 1,000,000 per Occurrence Ordinance or Law	  		  	
		  		 		  		  	$ 1,000,000 per Occurrence Expediting Expense	  		  	
		  		 		  		  	$ 1,000,000 per Accident Hazardous Substances	  		  	
		  		 		  		  	$ 1,000,000 per Occurrence Newly Acquired Locations	  		  	
		  		 		  		  	Various Other Sublimits Apply	  		  	
	 Control of Well / OEE
	  	Lloyd's of London
 (Chaucer)

Thru Global Special
Risk
	 	USOEE1510717	  	4/27/2017-18	  	 $10,000,000 Any One Occurrence

Producing/Shut-in/Temporarily Abandoned/Plugged &

Abandoned/Salt Water Disposal/Workover/Recompletion/Re-entry

$25,000,000 Any One Occurrence
 All coverages set forth in sections
A, B, and C
 $1,000,000 Any One Occurrence
 Care, Custody and
Control
	  	 $100,000 Producing/Shut-In/

Temporarily Abandoned/Plugged &
 Abandoned/Salt Water Disposal
Wells
 $200,000 Drilling/Workover/
 Recompletion/Re-entry
Wells
 $50,000 Any One Occurrence
 Care, Custody and
Control
	  	 $20,521.55

Includes $1,000 Policy
 Texas Tax and
Stamp Fee Charges TBD

	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	 Management Liability

Directors & Officers Liability
	  	 Beazley
	 	 V1E7DC170101
	  	 4/27/2017-18
	  	 $10,000,000 Aggregate

$10,000,000 Maximum Aggregate
	  	 $500,000 / $0
	  	 $130,000

	  	 	  	  	  	  
	  	 	  	  	  	  
	 Employment Practices Liability
	  	C N A	 	596785702	  	4/27/2017-18	  	$5,000,000 Aggregate	  	 $50,000 Each EPL Claim
 $50,000
Each Third Party Claim
	  	$9,000
	  	 	  	  	  	  
	 Fiduciary Liability
	  	C N A	 	596785697	  	4/27/2017-18	  	$5,000,000 Aggregate	  	$10,000	  	$7,500
	 Crime:
	  		 		  		  		  		  	
	 Employee Theft
	  	C N A	 	596785683	  	4/27/2017-18	  	$5,000,000 Per Occurrence	  	$25,000 Per Occurrence	  	$7,000
	 Forgery or Alteration
	  		 		  		  	$5,000,000 Per Occurrence	  	$25,000 Per Occurrence	  	
	 Robbery or Safe Burglary of Other

Property
	  		 		  		  	$5,000,000 Per Occurrence	  	$25,000 Per Occurrence	  	
	 Computer System Fraud
	  		 		  		  	$5,000,000 Per Occurrence	  	$25,000 Per Occurrence	  	
	 Money Orders and Counterfeit

Currrency
	  		 		  		  	$5,000,000 Per Occurrence	  	$25,000 Per Occurrence	  	
	 Wire Transfer with Voice Plus
	  		 		  		  	$5,000,000 Per Occurrence	  	$25,000 Per Occurrence	  	
	 Claims Expense
	  		 		  		  	$25,000 Per Occurrence	  	$0 Per Occurrence	  	
	 Social Engineering
	  		 		  		  	$50,000 Per Occurrence	  	$10,000 Per Occurrence	  	
	 Excess D&O—$10M Excess of

$10M
	  	Ace American
 (Chubb)
	 	G2557977A001	  	4/27/2017-18	  	$10,000,000 Excess of $10,000,000	  		  	$74,979
	 Excess D&O—$5M Excess of

$20M
	  	The Hartford	 	39 DA 0322033
17	  	4/27/2017-18	  	$5,000,000 Excess of $20,000,000	  		  	$25,000
	 Excess D&O—$5M Excess of

$25M
	  	Endurance American	 	ADP10011046300	  	4/27/2017-18	  	$5,000,000 Excess of $25,000,000	  		  	$20,000
	 SIDE A ONLY
	  		 		  		  	(SIDE A ONLY)	  		  	

 THIS IS A SUMMARY OF COVERAGE ONLY—IN THE EVENT OF A DISCREPANCY, THE CARRIER POLICY DOCUMENTS WILL
PREVAIL. 

  
 139 

 SCHEDULE 7.14 

SUBSIDIARIES 
 None. 

[Remainder of Page Intentionally Left Blank] 

  
 Schedule
7.14 - 1 

 SCHEDULE 7.19 

GAS IMBALANCES 
 None. 

[Remainder of Page Intentionally Left Blank] 

  
 Schedule
7.19 - 1 

 SCHEDULE 7.20 

MARKETING OF PRODUCTION 
  

	 	1.	Gas Purchase Contract between ETC Field Services LLC and Tema Oil and Gas Company, dated effective January 1, 2013, with a termination date of January 1, 2023. 

 

	 	2.	Gas Gathering, Processing and Purchase Agreement between Outrigger Delaware Operating, LLC and Tema Oil and Gas Company, dated December 1, 2016, with a termination date of December 1, 2021. 

 

	 	3.	Crude Oil Gathering Agreement between Rosehill Operating Company, LLC and Gateway Gathering and Marketing Company, dated effective April 27, 2017, with a termination date of April 27, 2027 

 

	 	4.	Gas Gathering Agreement between Rosehill Operating Company, LLC and Gateway Gathering and Marketing Company, dated effective April 27, 2017, with a termination date of April 27, 2027. 

 

	 	5.	Gas Gathering, Processing and Purchase Agreement between Delaware G&P LLC and Rosehill Operating Company, dated July 1, 2017, with a termination date of July 1, 2022. 

With respect to the above referenced contracts, Rosehill Operating Company, LLC is the successor in interest to Tema Oil and Gas Company. 

[Remainder of Page Intentionally Left Blank] 

  
 Schedule
7.20 - 1 

 SCHEDULE 7.22 

SWAP AGREEMENTS 
  

	 	1.	ISDA Master Agreement dated as of April 27, 2017 between PNC Bank, National Association and Rosehill Operating Company, LLC. 

[Remainder of Page Intentionally Left Blank] 

  
 Schedule
7.22 - 1 

 SCHEDULE 9.05 

INVESTMENTS 
  

	 	1.	All Oil & Gas Properties owned by the Note Party as of the Effective Date. 

[Remainder of Page Intentionally Left Blank] 

  
 Schedule
9.05 - 1 

 SCHEDULE 12.11 

COMPLIANCE PERSONNEL 
  

	
	 EIG Management Company, LLC 1700 Pennsylvania Ave NW, Suite 800

Washington, DC 20006
 Attn: Carla Vogel, Christopher Santopolo and
Neha Patel
 Email: Carla.Vogel@eigpartners.com; Christopher.Santopolo@eigpartners.com; Neha.Patel@eigpartners.com

cc: Patrick.Hickey@eigpartners.com & Aneil.Kochar@eigpartners.com

Fax: 202-600-3421 (Carla); 202-600-3692 (Christopher); 202-600-3368 (Neha)

 [Remainder of Page Intentionally Left Blank] 

  
 Schedule
12.11 - 1EX-10.4

 Exhibit 10.4 

FIRST AMENDMENT TO CREDIT AGREEMENT 

This First Amendment to Credit Agreement (this “Amendment”), dated as of December 8, 2017 (the “Effective
Date”), is among ROSEHILL OPERATING COMPANY, LLC, a Delaware limited liability company (the “Borrower”), ROSEHILL RESOURCES INC., a Delaware corporation (“RRI”), PNC BANK, NATIONAL
ASSOCIATION, as Administrative Agent (in such capacity, the “Administrative Agent”), and the financial institutions party hereto as Lenders. 

R E C I T A L S: 

A. The Borrower, the Lenders and the Administrative Agent are parties to a Credit Agreement dated as of April 27, 2017 (the
“Existing Credit Agreement,” as amended, restated, modified or supplemented from time to time, including by this Amendment, the “Credit Agreement”). 

B. The Borrower has requested, and the Administrative Agent and the Lenders have agreed, subject to the terms hereof, to certain amendments or
modifications to the terms of the Credit Agreement as more fully set forth herein. 
 NOW, THEREFORE, the parties hereto hereby agree as
follows: 
 Section 1. Defined Terms. Capitalized terms used but not defined herein shall have the meanings assigned to such
terms in the Credit Agreement. 
 Section 2. Amendments to Existing Credit Agreement. On the Effective Date, the Credit
Agreement, including Schedules 7.05, 7.06, 7.12, 7.14, 7.19, 7.20, 7.22 and 9.05, Exhibit F and new Exhibit I, but excluding all other existing Schedules and Exhibits (which shall remain unchanged), shall be amended in its entirety to
read as set forth on the attached Exhibit A hereto. 
 Section 3. Effectiveness. Upon the satisfaction
of the following conditions precedent, this Amendment shall become effective as of the Effective Date: 
 (a) the
Administrative Agent shall have received counterparts to this Amendment duly executed by a duly authorized officer of the Borrower and each Lender; 

(b) the Administrative Agent shall have received a certificate of a Responsible Officer of each Loan Party and RRI setting
forth (i) resolutions of its board of directors or other appropriate governing body with respect to the authorization of such Loan Party or RRI to execute and deliver the Amendment and Loan Documents to which it is a party and to enter into the
transactions contemplated in therein including the incurrence of the Second Lien Notes and the Series B Preferred Equity Issuance, (ii) the officers of such Loan Party or RRI, as applicable, (y) who are authorized to sign the
Amendment to which such Loan Party or RRI is a party and (z) who will, until replaced by another officer or officers duly authorized for that purpose, act as its representative for the purposes of signing documents and giving notices and other
communications in connection with this Amendment and the transactions contemplated hereby, (iii) specimen signatures of such authorized officers, and (iv) the articles or certificate of incorporation and bylaws or other applicable
Organizational Documents of such Loan Party or RRI, as applicable, certified as being true and complete. The Administrative Agent and the Lenders may conclusively rely on such certificate until the Administrative Agent receives notice in writing
from such Loan Party or RRI, as applicable, to the contrary; 

  
 FIRST AMENDMENT - Page 1

 (c) the Administrative Agent shall have received (i) a true and correct copy
of each of the Second Lien Documents and (ii) evidence reasonably satisfactory to the Administrative Agent that the transactions contemplated to occur on or prior to the Effective Date under the Second Lien Documents have been consummated in
accordance with the terms thereof; 
 (d) the Administrative Agent shall have received (i) a true and correct copy of
the Whitehorse Acquisition Agreement and (ii) evidence reasonably satisfactory to the Administrative Agent that the acquisition of the Whitehorse Assets being acquired pursuant to the Whitehorse Acquisition Agreement on and as of the Effective
Date has been consummated in accordance with the terms thereof; 
 (e) the Administrative Agent shall have received a
certificate dated as of the date of this Amendment from a Responsible Officer of the Borrower stating that the Series B Preferred Equity Issuance has been consummated pursuant to the terms of the Stock Purchase Agreement; 

(f) the corporate, capital and ownership structure of the Borrower and its Subsidiaries upon the Effective Date shall be
reasonably satisfactory to Administrative Agent; 
 (g) the Administrative Agent shall be satisfied that as of the Effective
Date, after giving effect to the consummation of this Amendment, the incurrence of the Second Lien Notes and the Series B Preferred Equity Issuance, the sum of (i) the amount by which the Borrowing Base exceeds the Revolving Credit
Exposures of all Lenders and (ii) cash on hand of Borrower, is not less than $100,000,000; 
 (h) the Administrative
Agent shall have received a certificate from a Responsible Officer of the Borrower stating that, after giving pro forma effect to the Amendment and transactions contemplated hereby, the Borrower is in compliance with the Credit Agreement and no
Default or Event of Default has occurred and is still continuing; 
 (i) the Administrative Agent shall have received an
opinion of Haynes and Boone LLP, special counsel for the Loan Parties and RRI, in form and of substance reasonably acceptable to the Administrative Agent; 

(j) the Administrative Agent shall have received fully executed and notarized Mortgages for recording in all appropriate places
in all applicable jurisdictions, encumbering such Oil and Gas Properties satisfying the requirements set forth in Section 8.14(a) of the Credit Agreement (after giving effect to this Amendment and the acquisition of the Whitehorse Assets being
acquired pursuant to the Whitehorse Acquisition Agreement on and as of the Effective Date), which shall include, without limitation, all of the Oil and Gas Properties and other related assets acquired on the Effective Date pursuant to the Whitehorse
Acquisition Agreement and substantially all of the Midstream Properties; 
 (k) the Administrative Agent shall have received
such other certificates, documents, instruments and agreements as the Administrative Agent shall reasonably request; 
 (l)
the Administrative Agent shall have received reimbursement for all of its reasonable out-of-pocket costs and expenses incurred by it in connection with this Amendment
and any other documents prepared in connection herewith, that have been invoiced one (1) Business Day prior to the Effective Date, including, without limitation, the reasonable fees, charges and disbursements of counsel to the Administrative
Agent; 

  
 FIRST AMENDMENT - Page 2

 (m) the representations and warranties of Borrower and each other Loan Party
contained in the Credit Agreement and the other Loan Documents are true and correct in all material respects (except to the extent such representations and warranties are qualified by materiality, in which case they shall be true and correct in all
respects) both before and after the Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (except to the extent such
representations and warranties are qualified by materiality, in which case they shall be true and correct in all respects) as of such earlier date; and 

(n) no Default or Event of Default has occurred and is continuing. 

Section 4. Representations and Warranties. Before and after the Effective Date, the Borrower hereby confirms that (a) the
representations and warranties of Borrower and each other Loan Party contained in the Credit Agreement and the other Loan Documents are true and correct in all material respects (except to the extent such representations and warranties are qualified
by materiality, in which case they shall be true and correct in all respects), except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects
(except to the extent such representations and warranties are qualified by materiality, in which case they shall be true and correct in all respects) as of such earlier date, and (b) no Default or Event of Default shall have occurred and be
continuing. The execution, delivery, and performance by the Borrower of this Amendment and compliance with the terms and provisions hereof have been duly authorized by all requisite action on the part of Borrower and do not violate any contractual
or other obligation by which Borrower is bound that could reasonably be expected to result in a Material Adverse Effect. 
 Section 5.
Effect of Amendment; Ratification of Loan Documents. Except as expressly set forth in this Amendment, the terms, provisions, conditions and covenants of the Credit Agreement and the other Loan Documents remain in full force and effect and are
hereby ratified and confirmed, and the execution, delivery and performance of this Amendment shall not in any manner operate as a waiver of, consent to or amendment of any other term, provision, condition or covenant of the Credit Agreement or any
other Loan Document. Without limiting the generality of the foregoing, nothing in this Amendment shall be deemed (i) to constitute a waiver of compliance or consent to noncompliance by any of the Obligated Parties to, or an amendment of, any
other term, provision, condition or covenant of the Credit Agreement or other Loan Documents, other than as specifically set forth herein; or (ii) to prejudice any right or remedy that the Administrative Agent or the Lenders may now have or may
have in the future under or in connection with the Credit Agreement or any other Loan Document. Upon the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement”, “hereunder”, or words of like
import shall mean and be a reference to the Credit Agreement, as amended hereby. This Amendment shall constitute a Loan Document for all purposes. Borrower acknowledges that on the date hereof all outstanding Obligations are payable in accordance
with their terms, and Borrower waives any defense, offset, counterclaim or recoupment with respect thereto. 
 Section 6.
Incorporation of Certain Provisions by Reference. The provisions of Section 12.09 of the Credit Agreement captioned “Governing Law; Jurisdiction; Consent to Service of Process” are incorporated herein by
reference for all purposes. 
 Section 7. Execution in Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which when taken together shall constitute but one and the same instrument. For purposes
of this Amendment, a counterpart hereof (or signature page thereto) signed and transmitted by any Person party hereto to the Administrative Agent (or its counsel) by 

  
 FIRST AMENDMENT - Page 3

 
facsimile machine, telecopier or electronic mail is to be treated as an original. The signature of such Person thereon, for purposes hereof, is to be considered as an original signature, and the
counterpart (or signature page thereto) so transmitted is to be considered to have the same binding effect as an original signature on an original document. 

Section 8. Entirety. This Amendment and all of the other Loan Documents embody the entire agreement between the parties. THIS
AMENDMENT AND ALL OF THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS
AMONG THE PARTIES. 
 Section 9. RRI Acknowledgement. Effective as of the Effective Date, RRI hereby joins in and agrees to be
bound by the provisions of Section 9.24 of the Credit Agreement. The execution, delivery, and performance by RRI of this Amendment and compliance with the terms and provisions hereof have been duly authorized by all requisite action on the part
of RRI. 
 [Remainder of page intentionally left blank. Signature Pages follow.] 

  
 FIRST AMENDMENT - Page 4

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

			
	BORROWER:
	
	ROSEHILL OPERATING COMPANY, LLC
		
	By:	 	/s/ R. Craig Owen
		 	R. Craig Owen
		 	Chief Financial Officer

  
 FIRST AMENDMENT -
Signature Page 

 
			
	RRI:
	
	ROSEHILL RESOURCES INC.
		
	By:	 	/s/ R. Craig Owen
		 	R. Craig Owen
		 	Chief Financial Officer

  
 FIRST AMENDMENT -
Signature Page 

 
			
	ADMINISTRATIVE AGENT:
	
	PNC BANK, NATIONAL ASSOCIATION, as Administrative Agent
		
	By:	 	/s/ Denise S. Davis
		 	Denise S. Davis
		 	Vice President

  
 FIRST AMENDMENT -
Signature Page 

 
			
	LENDER:
	
	PNC BANK, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	/s/ Denise S. Davis
		 	Denise S. Davis
		 	Vice President

  
 FIRST AMENDMENT -
Signature Page 

 EXHIBIT A TO FIRST AMENDMENT TO CREDIT AGREEMENT AND LIMITED CONSENT 

 
  

CREDIT AGREEMENT 

Dated as of April 27, 2017 

among 
 ROSEHILL OPERATING
COMPANY, LLC, 
 as Borrower, 

PNC BANK, NATIONAL ASSOCIATION, 

as Administrative Agent, 
 and 

the Lenders party hereto 
  

 
 PNC CAPITAL
MARKETS LLC 
 Sole Lead Arranger and Sole Book Runner 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS AND ACCOUNTING
MATTERS
	  	 	1	 
	 Section 1.01
	 	 Terms Defined Above
	  	 	1	 
	 Section 1.02
	 	 Certain Defined Terms
	  	 	1	 
	 Section 1.03
	 	 Types of Loans and Borrowings
	  	 	30	 
	 Section 1.04
	 	 Terms Generally; Rules of Construction
	  	 	30	 
	 Section 1.05
	 	 Accounting Terms and Determinations; GAAP
	  	 	31	 
	 Section 1.06
	 	 Timing of Payment or Performance
	  	 	31	 
		
	 ARTICLE II THE CREDITS
	  	 	32	 
	 Section 2.01
	 	 Commitments
	  	 	32	 
	 Section 2.02
	 	 Loans and Borrowings
	  	 	32	 
	 Section 2.03
	 	 Requests for Borrowings
	  	 	33	 
	 Section 2.04
	 	 Interest Elections
	  	 	34	 
	 Section 2.05
	 	 Funding of Borrowings
	  	 	35	 
	 Section 2.06
	 	 Termination and Reduction of Aggregate Maximum Credit
Amounts
	  	 	35	 
	 Section 2.07
	 	 Borrowing Base
	  	 	36	 
	 Section 2.08
	 	 Letters of Credit
	  	 	39	 
		
	 ARTICLE III PAYMENTS OF PRINCIPAL AND INTEREST; PREPAYMENTS;
 FEES
	  	 	44	 
	 Section 3.01
	 	 Repayment of Loans
	  	 	44	 
	 Section 3.02
	 	 Interest
	  	 	44	 
	 Section 3.03
	 	 Alternate Rate of Interest
	  	 	45	 
	 Section 3.04
	 	 Prepayments
	  	 	45	 
	 Section 3.05
	 	 Fees
	  	 	47	 
		
	 ARTICLE IV PAYMENTS; PRO RATA TREATMENT; SHARING OF SET-OFFS
	  	 	48	 
	 Section 4.01
	 	 Payments Generally; Pro Rata Treatment; Sharing of Set-offs
	  	 	48	 
	 Section 4.02
	 	 Presumption of Payment by the Borrower
	  	 	49	 
	 Section 4.03
	 	 Certain Deductions by the Administrative Agent
	  	 	49	 
	 Section 4.04
	 	 Disposition of Proceeds
	  	 	50	 
	 Section 4.05
	 	 Defaulting Lenders
	  	 	50	 
		
	 ARTICLE V INCREASED COSTS; BREAK FUNDING PAYMENTS; TAXES

	  	 	52	 
	 Section 5.01
	 	 Increased Costs
	  	 	52	 
	 Section 5.02
	 	 Break Funding Payments
	  	 	53	 
	 Section 5.03
	 	 Taxes
	  	 	54	 
	 Section 5.04
	 	 Designation of Different Lending Office
	  	 	57	 
	 Section 5.05
	 	 Replacement of Lenders
	  	 	58	 
	 Section 5.06
	 	 Illegality
	  	 	58	 
		
	 ARTICLE VI CONDITIONS PRECEDENT
	  	 	58	 
	 Section 6.01
	 	 Effective Date
	  	 	58	 
	 Section 6.02
	 	 Each Credit Event
	  	 	61	 
		
	 ARTICLE VII REPRESENTATIONS AND WARRANTIES
	  	 	62	 
	 Section 7.01
	 	 Organization; Powers
	  	 	62	 
	 Section 7.02
	 	 Authority; Enforceability
	  	 	62	 

  
 i 

							
	 Section 7.03
	 	 Approvals; No Conflicts
	  	 	62	 
	 Section 7.04
	 	 Financial Condition; No Material Adverse Change
	  	 	62	 
	 Section 7.05
	 	 Litigation
	  	 	63	 
	 Section 7.06
	 	 Environmental Matters
	  	 	63	 
	 Section 7.07
	 	 Compliance with the Laws and Agreements; No Defaults
	  	 	64	 
	 Section 7.08
	 	 Investment Company Act
	  	 	64	 
	 Section 7.09
	 	 Taxes
	  	 	64	 
	 Section 7.10
	 	 ERISA
	  	 	65	 
	 Section 7.11
	 	 Disclosure; No Material Misstatements
	  	 	65	 
	 Section 7.12
	 	 Insurance
	  	 	66	 
	 Section 7.13
	 	 Restriction on Liens
	  	 	66	 
	 Section 7.14
	 	 Loan Parties
	  	 	66	 
	 Section 7.15
	 	 Foreign Operations
	  	 	66	 
	 Section 7.16
	 	 Location of Business and Offices
	  	 	66	 
	 Section 7.17
	 	 Properties; Defensible Title, Etc
	  	 	66	 
	 Section 7.18
	 	 Maintenance of Properties
	  	 	67	 
	 Section 7.19
	 	 Gas Imbalances; Prepayments
	  	 	67	 
	 Section 7.20
	 	 Marketing of Production
	  	 	68	 
	 Section 7.21
	 	 Security Documents
	  	 	68	 
	 Section 7.22
	 	 Swap Agreements and Eligible Contract Participant
	  	 	68	 
	 Section 7.23
	 	 Use of Loans and Letters of Credit
	  	 	68	 
	 Section 7.24
	 	 Solvency
	  	 	68	 
	 Section 7.25
	 	 Anti-Corruption Laws; Sanctions;
 OFAC
	  	 	69	 
	 Section 7.26
	 	 EEA Financial Institution
	  	 	69	 
		
	 ARTICLE VIII AFFIRMATIVE COVENANTS
	  	 	69	 
	 Section 8.01
	 	 Financial Statements; Other Information
	  	 	69	 
	 Section 8.02
	 	 Notices of Material Events
	  	 	73	 
	 Section 8.03
	 	 Existence; Conduct of Business
	  	 	73	 
	 Section 8.04
	 	 Payment of Obligations
	  	 	73	 
	 Section 8.05
	 	 Performance of Obligations under Loan Documents
	  	 	73	 
	 Section 8.06
	 	 Operation and Maintenance of Properties
	  	 	74	 
	 Section 8.07
	 	 Insurance
	  	 	74	 
	 Section 8.08
	 	 Books and Records; Inspection Rights
	  	 	74	 
	 Section 8.09
	 	 Compliance with Laws
	  	 	75	 
	 Section 8.10
	 	 Environmental Matters
	  	 	75	 
	 Section 8.11
	 	 Further Assurances
	  	 	76	 
	 Section 8.12
	 	 Reserve Reports
	  	 	76	 
	 Section 8.13
	 	 Title Information
	  	 	77	 
	 Section 8.14
	 	 Additional Collateral; Additional Guarantors
	  	 	78	 
	 Section 8.15
	 	 ERISA Compliance
	  	 	80	 
	 Section 8.16
	 	 Account Control Agreements; Location of Proceeds of
Loans
	  	 	80	 
	 Section 8.17
	 	 EEA Financial Institution
	  	 	80	 
	 Section 8.18
	 	 Minimum Swap Agreements
	  	 	80	 
		
	 ARTICLE IX NEGATIVE COVENANTS
	  	 	81	 
	 Section 9.01
	 	 Financial Covenants
	  	 	81	 
	 Section 9.02
	 	 Debt
	  	 	82	 
	 Section 9.03
	 	 Liens
	  	 	83	 
	 Section 9.04
	 	 Restricted Payments
	  	 	83	 
	 Section 9.05
	 	 Investments, Loans and Advances
	  	 	85	 

  
 ii 

							
	 Section 9.06
	 	 Nature of Business; No International Operations
	  	 	86	 
	 Section 9.07
	 	 Proceeds of Loans
	  	 	86	 
	 Section 9.08
	 	 ERISA Compliance
	  	 	87	 
	 Section 9.09
	 	 Sale or Discount of Receivables
	  	 	87	 
	 Section 9.10
	 	 Mergers, Etc
	  	 	87	 
	 Section 9.11
	 	 Sale of Properties and Termination of Hedging
Transactions
	  	 	87	 
	 Section 9.12
	 	 Sales and Leasebacks
	  	 	89	 
	 Section 9.13
	 	 Environmental Matters
	  	 	89	 
	 Section 9.14
	 	 Transactions with Affiliates
	  	 	90	 
	 Section 9.15
	 	 Negative Pledge Agreements; Dividend Restrictions
	  	 	90	 
	 Section 9.16
	 	 Take-or-Pay
 or Other Prepayments
	  	 	90	 
	 Section 9.17
	 	 Swap Agreements
	  	 	90	 
	 Section 9.18
	 	 Amendments to Organizational Documents and Material
Contracts
	  	 	92	 
	 Section 9.19
	 	 Changes in Fiscal Periods
	  	 	92	 
	 Section 9.20
	 	 No Subsidiaries
	  	 	92	 
	 Section 9.21
	 	 Redemption of Senior Unsecured Notes; Amendment of Senior Unsecured Notes
 Documents
	  	 	92	 
	 Section 9.22
	 	 Marketing Activities
	  	 	93	 
	 Section 9.23
	 	 Prepayment of Second Lien Notes; Amendment of Second Lien Documents

	  	 	93	 
	 Section 9.24
	 	 Negative Pledge; Restrictions on Guarantees
	  	 	93	 
		
	 ARTICLE X EVENTS OF DEFAULT; REMEDIES
	  	 	94	 
	 Section 10.01
	 	 Events of Default
	  	 	94	 
	 Section 10.02
	 	 Remedies
	  	 	96	 
		
	 ARTICLE XI THE ADMINISTRATIVE AGENT
	  	 	97	 
	 Section 11.01
	 	 Appointment; Powers
	  	 	97	 
	 Section 11.02
	 	 Duties and Obligations of Administrative Agent
	  	 	97	 
	 Section 11.03
	 	 Action by Administrative Agent
	  	 	98	 
	 Section 11.04
	 	 Reliance by Administrative Agent
	  	 	98	 
	 Section 11.05
	 	 Subagents
	  	 	99	 
	 Section 11.06
	 	 Resignation of Administrative Agent
	  	 	99	 
	 Section 11.07
	 	 Administrative Agent as Lender
	  	 	99	 
	 Section 11.08
	 	 No Reliance
	  	 	99	 
	 Section 11.09
	 	 Administrative Agent May File Proofs of Claim
	  	 	100	 
	 Section 11.10
	 	 Authority of Administrative Agent to Release Collateral and
Liens
	  	 	100	 
	 Section 11.11
	 	 Duties of the Arranger
	  	 	101	 
		
	 ARTICLE XII MISCELLANEOUS
	  	 	101	 
	 Section 12.01
	 	 Notices
	  	 	101	 
	 Section 12.02
	 	 Waivers; Amendments
	  	 	102	 
	 Section 12.03
	 	 Expenses, Indemnity; Damage Waiver
	  	 	103	 
	 Section 12.04
	 	 Successors and Assigns
	  	 	105	 
	 Section 12.05
	 	 Survival; Revival; Reinstatement
	  	 	109	 
	 Section 12.06
	 	 Counterparts; Integration; Effectiveness
	  	 	109	 
	 Section 12.07
	 	 Severability
	  	 	110	 
	 Section 12.08
	 	 Right of Setoff
	  	 	110	 
	 Section 12.09
	 	 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF
PROCESS
	  	 	110	 
	 Section 12.10
	 	 Headings
	  	 	111	 
	 Section 12.11
	 	 Confidentiality
	  	 	111	 

  
 iii 

							
	 Section 12.12
	 	 Interest Rate Limitation
	  	 	112	 
	 Section 12.13
	 	 Collateral Matters; Swap Agreements
	  	 	113	 
	 Section 12.14
	 	 No Third Party Beneficiaries
	  	 	113	 
	 Section 12.15
	 	 EXCULPATION PROVISIONS
	  	 	113	 
	 Section 12.16
	 	 USA Patriot Act Notice
	  	 	113	 
	 Section 12.17
	 	 Flood Insurance Provisions
	  	 	113	 
	 Section 12.18
	 	 Releases
	  	 	114	 
	 Section 12.19
	 	 Acknowledgement and Consent to Bail-In
 of EEA Financial Institutions 
	  	 	114	 
	 Section 12.20
	 	 Concerning the Second Lien Intercreditor Agreement
	  	 	115	 

  
 iv 

 ANNEXES, EXHIBITS AND SCHEDULES 

 

			
	Annex I	  	List of Maximum Credit Amounts
		
	Exhibit A	  	Form of Note
	Exhibit B	  	Form of Borrowing Request
	Exhibit C	  	Form of Interest Election Request
	Exhibit D	  	Form of Compliance Certificate
	Exhibit E	  	Form of Solvency Certificate
	Exhibit F	  	Security Instruments
	Exhibit G	  	Form of Assignment and Assumption
	Exhibit H-1	  	 Form of U.S. Tax Compliance Certificate
 (Non-U.S. Lenders; non-partnerships)

	Exhibit H-2	  	 Form of U.S. Tax Compliance Certificate

(Foreign Participants; non-partnerships)

	Exhibit H-3	  	 Form of U.S. Tax Compliance Certificate

(Foreign Participants; partnerships)

	Exhibit H-4	  	 Form of U.S. Tax Compliance Certificate
 (Non-U.S. Lenders; partnerships)

	Exhibit I	  	Second Lien Intercreditor Agreement
		
	Schedule 7.05	  	Litigation
	Schedule 7.06	  	Environmental Matters
	Schedule 7.12	  	Insurance
	Schedule 7.14	  	Loan Parties
	Schedule 7.19	  	Gas Imbalances
	Schedule 7.20	  	Marketing of Production
	Schedule 7.22	  	Swap Agreements
	Schedule 9.05	  	Investments

  
 v 

 THIS CREDIT AGREEMENT dated as of April 27, 2017, is among
ROSEHILL OPERATING COMPANY, LLC, a limited liability company organized under the laws of the State of Delaware (the “Borrower”), each of the Lenders from time to time party hereto and PNC BANK, NATIONAL ASSOCIATION (in
its individual capacity, “PNC Bank”), as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”). 

R E C I T A L S 

A. The Borrower has requested that the Lenders provide certain loans to and extensions of credit on behalf and each Issuing
Bank provide Letters of Credit, and the Lenders have indicated their willingness to lend and each Issuing Bank has indicated its willingness to issue Letters of Credit, in each case subject to the terms and conditions of this Agreement. 

B. In consideration of the mutual covenants and agreements herein contained and of the loans, extensions of credit and
commitments hereinafter referred to, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS AND ACCOUNTING MATTERS 

Section 1.01 Terms Defined Above. As used in this Agreement, each term defined above has the
meaning indicated above. 
 Section 1.02 Certain Defined Terms. As used in this Agreement, the
following terms have the meanings specified below: 
 “Administrative Agent” has the meaning set forth in
the preamble hereto. 
 “Administrative Questionnaire” means an administrative questionnaire in a form
supplied by the Administrative Agent. 
 “Affected Loans” has the meaning assigned to such term in
Section 5.06. 
 “Affiliate” means, with respect to a specified Person, another
Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 

“Agent” means each of the Administrative Agent and any other agent or
sub-agent pursuant to Section 11.05 appointed by the Administrative Agent with respect to matters related to the Loan Documents. 

“Aggregate Maximum Credit Amounts” means, at any time, an amount equal to the sum of the Maximum Credit
Amounts in effect at such time, as the same may be reduced or terminated pursuant to Section 2.06. 

“Agreement” means this Credit Agreement, including the Schedules and Exhibits hereto, as the same may be
amended, modified, supplemented, restated, replaced or otherwise modified from time to time. 

  
 1 

 “Anti-Corruption
Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Borrower or any of its Subsidiaries from time to time concerning or relating to bribery or corruption. 

“Applicable Margin” means, for any date, the applicable rate per annum set forth below as determined based
upon the Borrowing Base Utilization Percentage then in effect: 
  

											
	 Borrowing Base Utilization Percentage
	  	<25%	 	325% and
<50%	 	350% and
<75%	 	375% and
<90%	 	390%
	 LIBOR Rate Loans
	  	2.00%	 	2.25%	 	2.50%	 	2.75%	 	3.00%
	 Base Rate Loans
	  	1.00%	 	1.25%	 	1.50%	 	1.75%	 	2.00%

 Each change in the Applicable Margin shall apply during the period commencing on the effective
date of such change in the Borrowing Base Utilization Percentage and ending on the date immediately preceding the effective date of the next such change. 

“Applicable Percentage” means, with respect to any Lender, at any time, the percentage of the Aggregate
Maximum Credit Amounts represented by such Lender’s Maximum Credit Amount; provided that when a Defaulting Lender shall exist, “Applicable Percentage” shall mean the percentage of the Aggregate Maximum Credit Amounts (disregarding any
Defaulting Lender’s Maximum Credit Amount) represented by such Lender’s Maximum Credit Amount. The initial Applicable Percentage of each Lender is set forth on Annex I. 

“Approved Counterparty” means (a) Wells Fargo Bank, National Association, (b) any Secured Swap
Provider, (c) any other Person whose long term senior unsecured debt rating at the time a particular Swap Agreement transaction is entered into is A or A2 by S&P or Moody’s (or their equivalent), respectively, or higher or (d) any
other Person that has been approved by the Required Lenders. 
 “Approved Fund” means any Fund that is
administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Approved Petroleum Engineers” means (a) Ryder Scott Company Petroleum Consultants, L.P., and
(b) any other independent petroleum engineers reasonably acceptable to the Administrative Agent. 

“Arranger” means PNC Capital Markets LLC, in its capacity as the sole lead arranger and sole bookrunner
hereunder. 
 “ASC” means the Financial Accounting Standards Board Accounting Standards Codification, as in
effect. 
 “Assignee” has the meaning assigned to such term in Section 12.04(b).

 “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an assignee
(with the consent of any party whose consent is required by Section 12.04(b)), and accepted by the Administrative Agent, substantially in the form of Exhibit G or any other form approved by the
Administrative Agent. 

  
 2 

 “Availability Period” means the period from and including the
Effective Date to but excluding the Termination Date. 
 “Bail-In
Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 

“Bail-In Legislation” means, with respect to any EEA Member
Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule. 
 “Base Rate” means, for any day, a
fluctuating per annum rate of interest equal to the highest of (i) the Federal Funds Effective Rate, plus 0.5%, (ii) the Prime Rate, and (iii) the Daily LIBOR Rate, plus 1.0%. Any change in the Base Rate (or any
component thereof) shall take effect at the opening of business on the day such change occurs. 
 “Base Rate
Borrowing” with respect to any Borrowing, refers to whether the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Base Rate. 

“Base Rate Loan” with respect to any Loan, refers to whether such Loan is bearing interest at a rate
determined by reference to the Base Rate. 
 “Board” means the Board of Governors of the Federal Reserve
System of the United States of America or any successor Governmental Authority. 
 “Borrower LLC Agreement”
means that certain Second Amended and Restated Limited Liability Company Agreement of the Borrower, dated as of the date hereof and as in effect on the First Amendment Effective Date. 

“Borrower Preferred Units” means the Borrower Series A Preferred Units and the Borrower Series B Preferred Units. 

“Borrower Series A Preferred Units” means the “Series A Preferred Units” as defined in the Borrower LLC Agreement,
and issued prior to the Effective Date (or issued at any time as payment in kind), which shall at all times be issued and outstanding in a like number, and with substantially the same rights to dividends and distributions (including distributions
upon liquidation) and other economic rights as the Series A Redeemable Preferred Stock of RRI. 
 “Borrower Series B Preferred
Units” means the “Series B Preferred Units” as defined in the Borrower LLC Agreement, which shall at all times be issued and outstanding in a like number, and with substantially the same rights to dividends and distributions
(including distributions upon liquidation) and other economic rights, as the Series B Redeemable Preferred Stock of RRI. 

“Borrowing” means Loans of the same Type, made, converted or continued on the same date and, in the case of
LIBOR Rate Loans, as to which a single Interest Period is in effect. 
 “Borrowing Base” means at any time
an amount determined in accordance with Section 2.07, as the same may be adjusted from time to time pursuant to the Borrowing Base Adjustment Provisions. 

  
 3 

 “Borrowing Base Adjustment Provisions” means
Section 2.07(e), Section 8.13(c) and Section 9.11(e) and any other provisions hereunder which adjust the amount of the Borrowing Base. 

“Borrowing Base Deficiency” occurs if, at any time the aggregate Revolving Credit Exposures for all Lenders
exceeds the Borrowing Base then in effect. The amount of the Borrowing Base Deficiency at such time is the amount by which the aggregate Revolving Credit Exposures of all Lenders at such time exceeds the Borrowing Base in effect at such time. 

“Borrowing Base Properties” means the Oil and Gas Properties of the Loan Parties included in the Initial
Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12. 

“Borrowing Base Utilization Percentage” means, as of any day, the fraction expressed as a percentage, the
numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the total Commitments in effect on such day. 

“Borrowing Request” means a request by the Borrower for a Borrowing in accordance with
Section 2.03. 
 “Business Combination Agreement” means the Business Combination
Agreement by and among RRI and Tema, dated as of December 20, 2016 (as amended prior to the date hereof). 

“Business Combination Transaction” means the reorganization transactions described in the Business
Combination Agreement, including the contribution by Tema of certain assets to Borrower and the contribution of certain cash and shares by RRI to Borrower in exchange for certain Equity Interests in the Borrower. 

“Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in
Pittsburgh, Pennsylvania, are authorized or required by law to remain closed; and if such day relates to a Borrowing or continuation of, a payment or prepayment of principal of or interest on, or a conversion of or into, or the Interest Period for,
a LIBOR Rate Loan or a notice by the Borrower with respect to any such Borrowing or continuation, payment, prepayment, conversion or Interest Period, any day which is also a day on which banks are open for dealings in dollar deposits in the London
interbank market. 
 “Capital Leases” means, in respect of any Person, all leases that are or should be, in
accordance with GAAP, recorded as capital leases on the balance sheet of the Person liable (whether contingent or otherwise) for the payment of rent thereunder. Any lease that was treated as an operating lease under GAAP at the time it was entered
into that later becomes a capital lease as a result of a change in GAAP during the life of such lease, including any renewals, shall be treated as an operating lease for all purposes under this Agreement, and any lease that was treated as a capital
lease under GAAP at the time it was entered into that later becomes an operating lease as a result of a change in GAAP during the life of such lease, including any renewals, shall be treated as a capital lease for all purposes under this Agreement.

 “Cash Collateralize” means, to pledge and deposit with or deliver to the Administrative Agent (in a
manner reasonably satisfactory to the Administrative Agent, which may require such deposit to be made into a controlled account), for the benefit of any Issuing Bank or the Lenders, as collateral for LC Exposure or obligations of the Lenders to fund
participations in respect of LC 

  
 4 

 
Exposure, cash or deposit account balances or, if the Administrative Agent and each Issuing Bank shall agree, in their sole discretion, other credit support, in each case pursuant to
documentation in form and substance satisfactory to the Administrative Agent and each Issuing Bank. “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such Cash Collateral and other
credit support. 
 “Cash Management Services” means (a) commercial credit cards, merchant card
services, purchase or debit cards, including non-card e-payables services, (b) treasury management services (including controlled disbursement, overdraft, automated
clearing house services, return items, interstate depository network services, electronic funds transfer services, lockbox services and stop payment services), (c) any other demand deposit or operating account relationships and (d) any
other cash management services, including for collections and for operating, payroll and trust accounts of the Borrower or any of the Borrower’s Subsidiaries. 

“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 any Loan Party; provided, that any such event generating net proceeds of $10,000 or less shall not constitute a Casualty Event hereunder. 

“Change in Control” means (a) RRI shall cease to be the sole managing member of the Borrower,
(b) RRI shall cease to Control the Borrower, (c) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or group, other than Permitted Holders, (within the meaning of the Securities Exchange Act of
1934 and the rules of the SEC thereunder as in effect on the date hereof) of Equity Interests representing more than 35% of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of RRI, (d) the
occupation of a majority of the seats (other than vacant seats) on the board of directors of RRI by Persons who were neither (i) nominated by the board of directors of RRI nor (ii) appointed by directors so nominated; or (e) Specified
Change of Control. 
 “Change in Law” means the occurrence, after the Effective Date, of any of the
following: (a) the adoption or taking effect of any Law, (b) any change in any Law or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or issuance of any
request, rule, guideline or directive (whether or not having the force of Law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street
Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith (whether or not having the force of Law) and (y) all requests, rules, guidelines or directives promulgated by the
Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States of America or foreign regulatory authorities (whether or not having the force of Law), in each case pursuant
to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted, issued, promulgated or implemented. 

“Class A Common Stock” means the “Class A Common Stock” as defined in the
Borrower LLC Agreement. 
 “Code” means the Internal Revenue Code of 1986 as amended from time to time and
any successor statute, and the regulations promulgated thereunder. 

  
 5 

 “Collateral” means all Property of the Loan Parties, now owned
or hereafter acquired, upon which a Lien is purported to be created by any Security Instrument (which shall not, in any case, include any Excluded Assets). 

“Commitment” means, with respect to each Lender, the obligation of such Lender to make or continue Loans and
to acquire participations in Letters of Credit hereunder, as such obligation may be (a) modified from time to time pursuant to Section 2.06, (b) modified from time to time pursuant to assignments by or to such
Lender pursuant to Section 12.04(b), or (c) otherwise modified pursuant to the terms of this Agreement. The amount representing each Lender’s Commitment shall at any time be the lesser of (i) such
Lender’s Maximum Credit Amount and (ii) such Lender’s Applicable Percentage of the then effective Borrowing Base. 

“Commitment Fee Rate” means, for any date, the applicable rate per annum set forth below as determined based
upon the Borrowing Base Utilization Percentage then in effect: 
  

											
	Borrowing Base Utilization Percentage	  	<25%	 	325% and
<50%	 	350% and
<75%	 	375% and
<90%	 	390%
	Commitment Fee Rate	  	0.50%	 	0.50%	 	0.50%	 	0.50%	 	0.50%

 Each change in the Commitment Fee Rate shall apply during the period commencing on the
effective date of such change in the Borrowing Base Utilization Percentage and ending on the date immediately preceding the effective date of the next such change. 

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time
to time, and any successor statute and any regulations promulgated thereunder. 
 “Common Units” means the
“Common Units” as defined in the Borrower LLC Agreement. 
 “Compliance Certificate” shall have
the meaning set forth in Section 8.01(c). 
 “Connection Income Taxes” shall mean
Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 

“Consolidated Net Income” means with respect to the Borrower and the Consolidated Subsidiaries, for any
period, the aggregate of the net income (or loss) of the Borrower and the Consolidated Subsidiaries after allowances for taxes for such period determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded
from such net income (to the extent otherwise included therein) the following: (a) the net income of any Person in which the Borrower or any Consolidated Subsidiary has an interest (which interest does not cause the net income of such other
Person to be consolidated with the net income of the Borrower and the Consolidated Subsidiaries in accordance with GAAP), except to the extent of the amount of dividends or distributions actually paid in cash during such period by such other Person
to the Borrower or to a Consolidated Subsidiary, as the case may be; (b) the net income (but not loss) during such period of any Consolidated Subsidiary to the extent that the declaration or payment of dividends or similar distributions or
transfers or loans by that Consolidated Subsidiary is not at the time permitted by operation of the terms of its charter or any agreement, instrument or 

  
 6 

 
Governmental Requirement applicable to such Consolidated Subsidiary or is otherwise restricted or prohibited, in each case determined in accordance with GAAP; (c) the net income (or loss) of
any Person acquired in a pooling of interests transaction for any period prior to the date of such transaction; (d) any extraordinary non-cash gains or losses during such period; (e) non-cash gains or losses under FASB ASC Topic 815 resulting from the net change in mark to market portfolio of commodity price risk management activities during that period; and (f) any gains or losses
attributable to writeups or writedowns of assets, including ceiling test writedowns. 
 “Consolidated
Subsidiaries” means each Subsidiary of the Borrower (whether now existing or hereafter created or acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of the Borrower in
accordance with GAAP. 
 “Control” means the possession, directly or indirectly, of the power to direct or
cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. For the purposes of this definition, and without limiting the generality of the foregoing, any Person that
owns directly or indirectly 10% or more of the Equity Interests having ordinary voting power for the election of the directors or other governing body of a Person (other than as a limited partner of such other Person) will be deemed to
“control” such other Person. “Controlling” and “Controlled” have meanings correlative thereto. 

“Credit Party” means the Administrative Agent, any Issuing Bank or any other Lender. 

“Daily LIBOR Rate” means, for any day, the rate per annum determined by the Administrative Agent by dividing
(x) the Published Rate by (y) a number equal to 1.00 minus the LIBOR Reserve Percentage on such day. Notwithstanding the foregoing, if the Daily LIBOR Rate as determined above would be less than zero (0.00), such rate shall be
deemed to be zero (0.00) for purposes of this Agreement. 
 “Debt” means, for any Person, the sum of the
following (without duplication): (a) all obligations of such Person for borrowed money or evidenced by bonds, bankers’ acceptances, debentures, notes or other similar instruments; (b) all obligations of such Person (whether contingent
or otherwise) in respect of letters of credit, surety or other bonds and similar instruments; (c) all accounts payable and all accrued expenses, liabilities or other obligations of such Person to pay the deferred purchase price of Property or
services that are more than ninety (90) days past the date of invoice other than those which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP; (d) all
obligations of such Person under Capital Leases; (e) all obligations of such Person under Synthetic Leases; (f) all Debt (as defined in the other clauses of this definition) of others secured by (or for which the holder of such Debt has an
existing right, contingent or otherwise, to be secured by) a Lien on any Property of such Person, whether or not such Debt is assumed by such Person; (g) all Debt (as defined in the other clauses of this definition) of others guaranteed by such
Person or in which such Person otherwise assures a creditor against loss of the Debt (howsoever such assurance shall be made) to the extent of the lesser of the amount of such Debt and the maximum stated amount of such guarantee or assurance against
loss; (h) all obligations or undertakings of such Person to maintain or cause to be maintained the financial position or covenants of others or to purchase the Debt or Property of others; (i) obligations to deliver commodities, goods or
services, including Hydrocarbons, in consideration of one or more advance payments, made more than one month in advance of the month in which the commodities, goods or services are to be delivered other than (i) Swap Agreements and
(ii) gas balancing arrangements in the ordinary course of business; (j) any Debt of a partnership for which such Person is liable either by agreement, by operation of law or by a Governmental Requirement

  
 7 

 
but only to the extent of such liability; (k) the obligation of such Person in respect of Disqualified Capital Stock; and (l) the undischarged balance of any production payment created
by such Person or for the creation of which such Person directly or indirectly received payment. The Debt of any Person shall include all obligations of such Person of the character described above to the extent such Person remains legally liable in
respect thereof notwithstanding that any such obligation is not included as a liability of such Person under GAAP. Debt shall not include liabilities resulting from endorsements of instruments for collection in the ordinary course of business. 

“Debtor Relief Laws” means the Bankruptcy Code of the United States of America, and all other liquidation,
conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in
effect. 
 “Default” means any event or condition which constitutes an Event of Default or which upon
notice, lapse of time or both would, unless cured or waived, become an Event of Default. 
 “Defaulting
Lender” means, subject to Section 4.05(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded
hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent,
together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any Issuing Bank, or any other Lender any other amount required to be paid by it hereunder
(including in respect of its participation in Letters of Credit) within two Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent or any Issuing Bank in writing that it does not intend to comply with its
funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s
determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three
Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such
Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has,
(i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization
or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity, or (iii) become the subject of a
Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company
thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on
its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under
any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to
Section 4.05(b)) upon delivery of written notice of such determination to the Borrower, each Issuing Bank, and each Lender. 

  
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 “Deficiency Notification Date” has the meaning assigned to such
term in Section 3.04(c)(ii). 
 “Disqualified Capital Stock” means any Equity
Interest that, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable) or upon the happening of any event, matures or is mandatorily redeemable for any consideration other than other Equity
Interests (which would not constitute Disqualified Capital Stock), pursuant to a sinking fund obligation or otherwise, or is convertible or exchangeable for Debt or redeemable for any consideration other than other Equity Interests (which would not
constitute Disqualified Capital Stock) at the option of the holder thereof, in whole or in part, on or prior to the date that is one year after the earlier of (a) the Maturity Date and (b) the date on which there are no Loans, LC Exposure
or other obligations hereunder outstanding and all of the Commitments are terminated; provided, however, that any Equity Interest of a Person that is issued with the benefit of provisions requiring a change in control offer to be made for such
Equity Interest in the event of a change in control of such Person will not be deemed to be Disqualified Capital Stock solely by virtue of such provisions (so long as any such provisions are subject to the prior payment of any Second Lien
Obligations pursuant to any change in control offer provisions applicable thereto). 
 “dollars” or
“$” refers to lawful money of the United States of America. 
 “Domestic Subsidiary” means any
Subsidiary that is organized under the laws of the United States of America or any state thereof or the District of Columbia other than (i) a Subsidiary substantially all of the assets of which consist of Equity Interests in a Foreign
Subsidiary and (ii) a Subsidiary of a Foreign Subsidiary. 
 “EBITDAX” means, for any period,
(a) the sum of Consolidated Net Income for such period plus the following expenses or charges to the extent deducted from Consolidated Net Income in such period: (i) interest, (ii) income and franchise taxes (including Texas margin or
gross receipts taxes), (iii) depreciation, depletion, amortization, abandonment and exploration expenses, accretion and impairment of Oil and Gas Properties, (iv) the actual transaction costs, expenses, fees and charges of third parties
that are incurred with respect to any acquisition of Property, in an aggregate amount with respect to this clause (iv) not to exceed 5% of the total EBITDAX for such period, (v) one-time costs
incurred in connection with the Business Combination Transaction and (vi) other similar noncash charges (including expenses relating to stock based compensation, hedging, ceiling test impairments, etc. and other
non-cash charges resulting from the requirements of ASC 410, 718 and 815) minus (b) all noncash income added to Consolidated Net Income. For the avoidance of doubt, EBITDAX shall not include any
unrealized mark-to-market hedging gains or losses. For the purposes of calculating EBITDAX for any period for any determination of the financial ratio contained in
Section 9.01(a), if at any time during such period the Borrower or any Subsidiary shall have made any Material Disposition or Material Acquisition, EBITDAX for such period shall be calculated after giving pro forma effect
thereto as if such Material Disposition or Material Acquisition had occurred on the first day of such period; provided that the calculations of such pro forma adjustments are acceptable to the Administrative Agent in its reasonable discretion. 

“EEA Financial Institution” means (a) any institution established in any EEA Member Country which is
subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any institution established in an
EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

  
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 “EEA Member Country” means any of the member states of the
European Union, Iceland, Liechtenstein, and Norway. 
 “EEA Resolution Authority” means any public
administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” means the date on which the conditions specified in Section 6.01
are satisfied (or waived in accordance with Section 12.02). 
 “Engineering
Reports” has the meaning assigned to such term in Section 2.07(c)(i). 

“Environmental Laws” means any and all Governmental Requirements pertaining in any way to health and safety
(insofar as either may be affected by a Release of, or exposure to, Hazardous Materials) the environment, the preservation or reclamation of natural resources, or the management, Release or threatened Release of any Hazardous Materials, in effect in
any and all jurisdictions in which the Borrower or any Subsidiary is conducting, or at any time has conducted, business, or where any Property of the Borrower or any Subsidiary is located, including, the Oil Pollution Act of 1990, as amended, the
Clean Air Act, as amended, the Comprehensive Environmental, Response, Compensation, and Liability Act of 1980, as amended, the Federal Water Pollution Control Act, as amended, the Occupational Safety and Health Act of 1970, as amended, the Resource
Conservation and Recovery Act of 1976, (“RCRA”), as amended, the Safe Drinking Water Act, as amended, the Toxic Substances Control Act, as amended, the Superfund Amendments and Reauthorization Act of 1986, as amended, the Hazardous
Materials Transportation Act, as amended, the Natural Gas Pipeline Safety Act of 1968, as amended, the Hazardous Liquid Pipeline Safety Act of 1979, as amended, and other environmental conservation or protection Governmental Requirements. 

“Environmental Permit” means any permit, registration, license, notice, approval, consent, exemption,
variance, or other authorization required under or issued pursuant to applicable Environmental Laws. 
 “Equity
Interests” means shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights
entitling the holder thereof to purchase or acquire any such Equity Interest. 
 “ERISA” means the Employee
Retirement Income Security Act of 1974, as amended, and any successor statute. 
 “ERISA Affiliate” means
each trade or business (whether or not incorporated) which together with any Loan Party would be deemed to be a “single employer” within the meaning of Section 4001(b)(1) of ERISA or subsections (b), (c), (m) or (o) of
Section 414 of the Code. 
 “ERISA Event” means (a) a Reportable Event with respect to any Plan,
(b) the withdrawal of the Borrower or any of its Subsidiaries or ERISA Affiliates from a Plan during a plan year in which it was a “substantial employer” (as defined in Section 4001(a)(2) of ERISA),

  
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(c) the filing of a notice of intent to terminate a Plan or the treatment of an amendment to such a Plan as a termination under Section 4041(c) of ERISA, (d) the institution by the
PBGC of proceedings to terminate a Plan under Section 4042 of ERISA, (e) any event or condition (i) that provides a basis under Section 4042(a)(1), (2), or (3) of ERISA for the termination of, or the appointment of a trustee
to administer, any Plan, or (ii) that may result in termination of a Multiemployer Plan pursuant to Section 4041A of ERISA, or (f) the incurrence by the Borrower or any of its Subsidiaries or ERISA Affiliates of any liability with
respect to the partial or complete withdrawal within the meaning of Sections 4203 and 4205 of ERISA, of the Borrower, any of its Subsidiaries or ERISA Affiliates from a Multiemployer Plan. 

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. 

“Event of Default” has the meaning assigned to such term in Section 10.01. 

“Excepted Liens” means: 

(a) Liens for Taxes, assessments or other governmental charges or levies which are not delinquent or which are being contested
in good faith by appropriate action and, in each case, for which adequate reserves have been maintained in accordance with GAAP; 

(b) Liens in connection with workers’ compensation, unemployment insurance or other social security, old age pension or
public liability obligations which are not delinquent or which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP; 

(c) statutory landlord’s liens, operators’, vendors’, carriers’, warehousemen’s, repairmen’s,
mechanics’, suppliers’, workers’, materialmen’s, construction or other like Liens arising by operation of law or otherwise in the ordinary course of business or incident to the exploration, development, operation and maintenance
of Oil and Gas Properties or Midstream Properties each of which is in respect of obligations that are not delinquent or which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance
with GAAP; 
 (d) contractual Liens which arise in the ordinary course of business under operating agreements, joint venture
agreements, oil and gas partnership agreements, oil and gas leases, farm-out agreements, division orders, contracts for the sale, transportation or exchange of oil and natural gas, unitization and pooling
declarations and agreements, area of mutual interest agreements, overriding royalty agreements, marketing agreements, processing agreements, net profits agreements, development agreements, gas balancing or deferred production agreements, injection,
repressuring and recycling agreements, salt water or other disposal agreements, seismic or other geophysical permits or agreements, and other agreements which are usual and customary in the oil and gas business and are for claims which are not
delinquent or which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP, provided that any such Lien referred to in this clause does not materially impair the
use of the Property covered by such Lien for the purposes for which such Property is held by any Loan Party or materially impair the value of such Property subject thereto; 

  
 11 

 (e) Liens arising solely by virtue of any statutory or common law provision or
customary deposit account terms relating to banker’s liens, rights of set-off or similar rights and remedies and burdening only deposit accounts or other funds maintained with a creditor depository
institution, provided that no such deposit account is a dedicated cash collateral account or is subject to restrictions against access by the depositor in excess of those set forth by regulations promulgated by the Board and no such deposit
account is intended by any Loan Party to provide collateral to the depository institution (other than pursuant to the Loan Documents); 

(f) zoning and land use requirements, easements, restrictions, servitudes, permits, conditions, covenants, exceptions or
reservations in any Property of any Loan Party for the purpose of roads, pipelines, transmission lines, transportation lines, distribution lines for the removal of gas, oil, coal or other minerals or timber, and other like purposes, or for the joint
or common use of real estate, rights of way, facilities and equipment, that do not secure any monetary obligations and which in the aggregate do not materially impair the use of such Property for the purposes of which such Property is held by any
Loan Party or materially impair the value of such Property subject thereto; 
 (g) Liens on cash or securities pledged to
secure performance of tenders, surety and appeal bonds, government contracts, performance and return of money bonds, bids, trade contracts, asset sale agreements, leases, statutory obligations, regulatory obligations and other obligations of a like
nature incurred in the ordinary course of business and not in connection with the borrowing of money; 
 (h) judgment and
attachment Liens not giving rise to an Event of Default, provided that any appropriate legal proceedings which may have been duly initiated for the review of such judgment shall not have been finally terminated or the period within which such
proceeding may be initiated shall not have expired and no action to enforce such Lien has been commenced; 
 (i) royalties,
overriding royalties, reversionary interests, production payments and similar lease burdens which (i) are customarily granted in the ordinary course of business in the oil and gas industry, (ii) are deducted in the calculation of
discounted present value in the most recent Reserve Reports delivered to Administrative Agent hereunder and (iii) with respect to each Oil and Gas Property, do not operate to reduce any Loan Party’s net revenue interest in production for
such Oil and Gas Property (if any) below such interests reflected in the most recent Reserve Report or increase the working interest for such Oil and Gas Property (if any) as reflected or warranted in the most recent Reserve Report without a
corresponding increase in the corresponding net revenue interest; 
 (j) Liens to secure plugging and abandonment
obligations; 

  
 12 

 (k) Liens arising from precautionary UCC financing statement filings regarding
operating leases entered into in the ordinary course of business covering only the Property under such lease; and 
 (l)
Liens disclosed on Schedule 1.1 and renewals, refinancings and extensions thereof on substantially the same or better terms as in effect on the Effective Date and otherwise in compliance with this Agreement. 

provided, further, that Liens described in clauses (a) through (d) shall remain “Excepted Liens” only for so long
as no action to enforce such Lien has been commenced, and no intention to subordinate the first priority Lien granted in favor of the Administrative Agent and the Lenders is to be hereby implied or expressed by the permitted existence of such
Excepted Liens. 
 “Excluded Accounts” means (a) any account exclusively used for payroll, payroll taxes, other
employee wage and benefit payments to or for the benefit of any employees of any Loan Party, cash collateral, trust or escrow and (b) any other accounts to the extent that the aggregate cash or cash equivalent balance of all such other accounts
does not at any time exceed $100,000 in the aggregate. 
 “Excluded Assets” means: 

(a) any lease, license, contract, property right, agreement or other document of any Loan Party to the extent that the grant
of a security interest or other Lien by the Loan Party under the Loan Documents in such lease, license, contract, property right, agreement or other document is prohibited by any Law of a Governmental Authority; and 

(b) any lease, license, contract, property right or agreement to which a Loan Party is a party or any of its rights or
interests thereunder, including any license hereunder that, if and for so long as the grant of such security interest or other Lien or license would constitute or result in the abandonment, termination pursuant to the terms of, or a breach or
default under, any such lease, license, contract, property right or agreement (other than to the extent that any such term would be rendered ineffective pursuant to Sections 9.406, 9.407, 9.408 or 9.409 of the UCC (or any successor provision or
provisions) of any relevant jurisdiction or any other applicable Law (including any Debtor Relief Law) or principles of equity); provided, however, that such security interest or other Lien shall attach immediately at such time as the
condition causing such abandonment, invalidation or unenforceability shall be remedied and to the extent severable, shall attach immediately to any portion of such lease, license, contract, property right or agreement that does not result in any of
the consequences specified above. So long as any property of a Loan Party is excluded from the security interest or other Lien granted pursuant to the Security Instruments, such property shall be excluded from the term “Collateral” for all
purposes hereunder and under any other Loan Document; provided, further, that (i) no such lease, license, contract or agreement shall have been entered into for the purpose of creating “Excluded Assets” under this clause (b) and
(ii) the total fair market value of all Property with an individual fair market value in excess of $50,000 excluded under this clause (b) shall not exceed $2,000,000 in the aggregate at any time. 

“Excluded Swap Obligation” means any obligation of any Guarantor to pay or perform under any Swap Agreement,
if, and to the extent that, all or a portion of the guarantee by such 

  
 13 

 
Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Agreement (or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule,
regulation, or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) or any other applicable Governmental Requirement. 

“Excluded Taxes” means, with respect to the Administrative Agent, any Lender, any Issuing Bank or any other
recipient of any payment to be made by or on account of any obligation of the Borrower or any Guarantor hereunder or under any other Loan Document, (a) Taxes imposed on or measured by net income (however denominated), state franchise Taxes, and
branch profits Taxes, in each case, (i) by the United States of America (or any political subdivision thereof) or such other jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized or in which its
principal office is located or, in the case of any Lender, in which its applicable lending office is located, or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable
to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an
assignment request by the Borrower under Section 5.05) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 5.03, amounts with respect to
such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office, (c) Taxes attributable to any such recipient’s failure
to comply with Section 5.03(g), and (d) any United States federal withholding Tax that is imposed under FATCA. 

“Existing Credit Agreement” means that certain Credit Agreement by and among Tema, the guarantors party
thereto, PNC Bank, as Administrative Agent, and the lenders from time to time party thereto, dated as of December 28, 2012, as it has been amended from time to time. 

“FATCA” means Sections 1471 through 1474 of the Code, as of the Effective Date (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, any agreements entered into pursuant to Section 1471(b)(1) of the Code,
and any fiscal or regulatory legislation, rules or practices adopted pursuant to such intergovernmental agreement, treaty or convention among Governmental Authorities entered into in connection with the implementation of the foregoing. 

“Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if necessary, to
the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if
such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds
brokers of recognized standing selected by it; provided that if the Federal Funds Effective Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“Financial Officer” means, for any Person, the chief executive officer, chief financial officer, principal
accounting officer, treasurer or controller of such Person. Unless otherwise specified, all references herein to a Financial Officer means a Financial Officer of the Borrower. 

  
 14 

 “First Amendment Effective Date” means December 8, 2017.

 “fiscal quarter” means each fiscal quarter ending on the last day of each March, June, September and
December. 
 “fiscal year” means each fiscal year of the Borrower and its Subsidiaries for accounting and
tax purposes, ending on December 31 of each year. 
 “Flood Insurance Regulations” means (a) the
National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (b) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (c) the National Flood
Insurance Reform Act of 1994 (amending 42 USC § 4001, et seq.), as the same may be amended or recodified from time to time, (d) the Flood Insurance Reform Act of 2004, and (e) the Biggert-Waters
Flood Reform Act of 2012, and any regulations promulgated thereunder. 
 “Forecasted Production” means the
projected production contained in management forecasts of the Borrower of crude oil, natural gas and natural gas liquids (measured by volume unit or BTU equivalent, not sales price) for the term of the contracts or a particular month, as applicable,
from Oil and Gas Properties owned by a Loan Party which are located in or offshore of the United States, as reasonably approved by the Administrative Agent. 

“Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary. 

“Fronting Exposure” means, at any time there is a Defaulting Lender, with respect to any Issuing Bank, such
Defaulting Lender’s LC Exposure other than LC Exposure as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof. 

“Fund” means any Person (other than a natural Person) that is (or will be) engaged in making, purchasing,
holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. 

“GAAP” means generally accepted accounting principles in the United States of America as in effect from time
to time subject to the terms and conditions set forth in Section 1.05. 
 “Governmental
Authority” means the government of the United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the
European Central Bank). 
 “Governmental Requirement” means any law, statute, code, ordinance, order,
determination, rule, regulation, judgment, decree, injunction, franchise, permit, certificate, license, rules of common law, authorization or other directive or requirement, whether now or hereinafter in effect, of any Governmental Authority. 

“Guarantors” means each Loan Party that guarantees the Secured Obligations pursuant to
Section 8.14(b). 

  
 15 

 “Guaranty Agreement” means an agreement executed by the
Guarantors in the form and substance acceptable to Administrative Agent, unconditionally guaranteeing on a joint and several basis, payment of the Secured Obligations, as the same may be amended, modified or supplemented from time to time. 

“Hazardous Material” means any substance regulated or as to which liability might arise under any applicable
Environmental Law including: (a) any chemical, compound, material, product, byproduct, substance or waste defined as or included in the definition or meaning of “hazardous substance,” “hazardous material,” “hazardous
waste,” “solid waste,” “toxic waste,” “extremely hazardous substance,” “toxic substance,” “contaminant,” “pollutant,” or words of similar meaning or import found in any applicable
Environmental Law; (b) Hydrocarbons, petroleum products, petroleum substances, natural gas, oil, oil and gas waste (including drilling fluids and any produced water), crude oil, and any components, fractions, or derivatives thereof; and
(c) radioactive materials, explosives, asbestos or asbestos containing materials, polychlorinated biphenyls, radon, infectious materials or medical wastes. 

“Highest Lawful Rate” means, with respect to each Lender, the maximum nonusurious interest rate, if any, that
at any time or from time to time may be contracted for, taken, reserved, charged or received on the Notes or on other Secured Obligations under laws applicable to such Lender which are presently in effect or, to the extent allowed by law, under such
applicable laws which may hereafter be in effect and which allow a higher maximum nonusurious interest rate than applicable laws allow as of the date hereof. 

“Hydrocarbon Interests” means all rights, titles, interests and estates now or hereafter acquired in and to
oil and gas leases, oil, gas and mineral leases, or other liquid or gaseous hydrocarbon leases, mineral fee interests, overriding royalty and royalty interests, net profit interests and production payment interests, including any reserved or
residual interests of whatever nature. Unless otherwise indicated herein, each reference to the term “Hydrocarbon Interests” shall mean Hydrocarbon Interests of the Borrower or any other Loan Party, as the context may require. 

“Hydrocarbons” means oil, gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate,
liquid hydrocarbons, gaseous hydrocarbons and all constituents, elements or compounds thereof and all products refined or separated therefrom. 

“Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any
payment made by or on account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in clause (a) above, Other Taxes. 

“Indemnitee” has the meaning assigned to such term in Section 12.03(b). 

“Information” has the meaning assigned to such term in Section 12.11. 

“Initial Reserve Report” means, collectively, the report of Ryder Scott Company Petroleum Consultants, L.P.
with respect to the Oil and Gas Properties of the Loan Parties dated as of December 31, 2016. 
 “Interest
Election Request” means a request by the Borrower to convert or continue a Borrowing in accordance with Section 2.04. 

  
 16 

 “Interest Expense” means, as of the last day of any fiscal
quarter, the interest expense (including the interest component in respect of capitalized lease obligations) solely to the extent payable or paid in cash accrued or paid by Borrower and its Subsidiaries during such period, determined on a
consolidated basis in accordance with GAAP, using the results of the twelve-month period ending with that reporting period. 

“Interest Payment Date” means (a) with respect to any Base Rate Loan, the last day of each March, June,
September and December and (b) with respect to any LIBOR Rate Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a LIBOR Rate Borrowing with an Interest Period of more than
three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period. 

“Interest Period” means with respect to any LIBOR Rate Borrowing, the period commencing on the date of such
Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months thereafter (or, with the consent of each applicable Lender, nine or twelve months), as the Borrower may elect; provided,
that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which
case such Interest Period shall end on the next preceding Business Day, (b) any Interest Period pertaining to a LIBOR Rate Borrowing that commences on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period and (c) no Interest Period may have a term which would extend beyond the Maturity Date.
For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 

“Interim Redetermination” has the meaning assigned such term in Section 2.07(b).

 “Interim Redetermination Date” means the date on which a Borrowing Base that has been redetermined
pursuant to an Interim Redetermination becomes effective as provided in Section 2.07(d). 

“Investment” means, for any Person: (a) the acquisition (whether for cash, Property, services or
securities or otherwise) of Equity Interests of any other Person or any agreement to make any such acquisition (including any “short sale” or any sale of any securities at a time when such securities are not owned by the Person entering
into such short sale); (b) the making of any deposit with, or advance, loan or capital contribution to, assumption of Debt of, purchase or other acquisition of any other Debt of or equity participation or interest in, or other extension of
credit to, any other Person (including the purchase of Property from another Person subject to an understanding or agreement, contingent or otherwise, to resell such Property to such Person, but excluding any such advance, loan or extension of
credit having a term not exceeding ninety (90) days representing the purchase price of goods or services sold by such Person in the ordinary course of business); (c) the purchase or acquisition (in one or a series of transactions) of
Property of another Person that constitutes a business unit or any agreement to make any such acquisition; (d) the entering into of any guarantee of, or other contingent obligation (including the deposit of any Equity Interests to be sold) with
respect to, Debt or other liability of any other Person and (without duplication) any amount committed to be advanced, lent or extended to such Person; or (e) the purchase or acquisition of Oil and Gas Properties. 

  
 17 

 “Issuing Bank” means (a) PNC Bank and (b) and each
Lender approved by the Administrative Agent and reasonably satisfactory to, or requested by, the Borrower that agrees to act as an issuer of Letters of Credit hereunder, in each case, in its capacity as the issuer of Letters of Credit hereunder, and
its successors in such capacity as provided in Section 2.08(i). Any Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by its Affiliates, in which case the term “Issuing
Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. 

“January 1 Reserve Report” has the meaning assigned to such term in
Section 8.12(a). 
 “Law” means any law(s) (including common law), constitution,
statute, treaty, regulation, rule, ordinance, opinion, issued guidance, release, ruling, order, executive order, injunction, writ, decree, bond, judgment, authorization or approval, lien or award of or any settlement arrangement, by agreement,
consent or otherwise, with any Governmental Authority, foreign or domestic. 
 “LC Commitment” at any time
means the greater of (a) ten million dollars ($10,000,000.00) and (b) 10% of the Borrowing Base then in effect. 

“LC Disbursement” means a payment made by an Issuing Bank pursuant to a Letter of Credit. 

“LC Exposure” means, at any time of determination, the sum of (a) the aggregate amount available to be
drawn of all outstanding Letters of Credit at such time (if any Letter of Credit shall increase in amount automatically in the future, such aggregate amount available to be drawn shall currently give effect to any such future increase) plus
(b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time. The LC Exposure of any Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time.

 “Lenders” means the Persons listed on Annex I and any Person that shall have become a party hereto
pursuant to an Assignment and Assumption or other documentation contemplated hereby, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption or other documentation contemplated hereby. Unless the context
otherwise requires, the term “Lenders” includes the Issuing Banks. 
 “Letter of Credit”
means any letter of credit issued pursuant to this Agreement. 
 “Letter of Credit Agreements” means all
letter of credit applications and other agreements (including any amendments, modifications or supplements thereto) submitted by the Borrower, or entered into by the Borrower, with an Issuing Bank relating to any Letter of Credit. 

“LIBOR Rate” means, with respect to the Loans comprising any Borrowing to which the LIBOR Rate option applies
for any Interest Period, the interest rate per annum determined by the Administrative Agent by dividing (the resulting quotient rounded upwards, if necessary, to the nearest 1/100th of 1% per annum) (i) the rate which appears on the Bloomberg
Page BBAM1 (or on such other substitute Bloomberg page that displays rates at which US dollar deposits are offered by leading banks in the London interbank deposit market), or the rate which is quoted by another source selected by the Administrative
Agent as an authorized information vendor for the purpose of displaying rates at which US dollar deposits are offered by leading banks in the London interbank deposit market (for purposes of this definition, an “Alternate Source”),
at 

  
 18 

 
approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement of such Interest Period as the London interbank offered rate for U.S. Dollars for an amount
comparable to such Borrowing and having a borrowing date and a maturity comparable to such Interest Period (or if there shall at any time, for any reason, no longer exist a Bloomberg Page BBAM1 (or any substitute page) or any Alternate Source, a
comparable replacement rate determined by the Administrative Agent at such time (which determination shall be conclusive absent manifest error)), by (ii) a number equal to 1.00 minus the LIBOR Reserve Percentage. Notwithstanding the foregoing,
if the LIBOR Rate as determined under any method above would be less than zero (0.00), such rate shall be deemed to be zero (0.00) for purposes of this Agreement. 

The LIBOR Rate shall be adjusted with respect to any LIBOR Rate Borrowing or LIBOR Rate Loan that is outstanding on the
effective date of any change in the LIBOR Reserve Percentage as of such effective date. The Administrative Agent shall give prompt notice to the Borrower of the LIBOR Rate as determined or adjusted in accordance herewith, which determination shall
be conclusive absent manifest error. 
 “LIBOR Rate Borrowing” refers to the Loans comprising a Borrowing
bearing interest at a rate determined by reference to the LIBOR Rate. 
 “LIBOR Rate Loan” refers to a Loan
bearing interest at a rate determined by reference to the LIBOR Rate. 
 “LIBOR Reserve Percentage” shall
mean as of any day the maximum percentage in effect on such day, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including supplemental, marginal and emergency
reserve requirements) with respect to eurocurrency funding (currently referred to as “Eurocurrency Liabilities”). 

“Lien” means any interest in Property securing an obligation owed to, or a claim by, a Person other than the
owner of the Property, whether such interest is based on the common law, statute or contract, and whether such obligation or claim is fixed or contingent, and including but not limited to (a) the lien or security interest arising from a
mortgage, encumbrance, pledge, security agreement, conditional sale or trust receipt or a lease, consignment or bailment for security purposes or (b) production payments and the like payable out of Oil and Gas Properties. The term
“Lien” shall include easements, restrictions, servitudes, permits, conditions, covenants, exceptions or reservations that burden Property to the extent they secure an obligation owed to a Person other than the owner of the Property. For
the purposes of this Agreement, the Loan Parties shall be deemed to be the owner of any Property which they have acquired or hold subject to a conditional sale agreement, or leases under a financing lease or other arrangement pursuant to which title
to the Property has been retained by or vested in some other Person in a transaction intended to create a financing. 

“Loan Documents” means this Agreement, the Notes, the Letter of Credit Agreements, the Letters of Credit, the
Security Instruments, Second Lien Intercreditor Agreement and any other agreement entered into, now or in the future, in connection with this Agreement. 

“Loan Party” means the Borrower and each Guarantor. 

“Loans” means the loans made by the Lenders to the Borrower pursuant to this Agreement. 

  
 19 

 “Majority Lenders” means, at any time while no Loans or LC
Exposure is outstanding, Lenders having greater than fifty percent (50%) of the Aggregate Maximum Credit Amounts; and at any time while any Loans or LC Exposure is outstanding, Lenders holding greater than fifty percent (50%) of the outstanding
aggregate principal amount of the Loans or participation interests in Letters of Credit (without regard to any sale by a Lender of a participation in any Loan under Section 12.04(c)); provided that the Maximum Credit
Amounts of the Loans and participations interests in Letters of Credit of the Defaulting Lenders (if any) shall be excluded from the determination of Majority Lenders. 

“Material Acquisition” means, at any time, any acquisition of Property or series of related acquisitions of
Property (including by way of merger or consolidation) that involves the payment of consideration by the Borrower and its Subsidiaries in excess of 5% of the then-existing Borrowing Base. 

“Material Adverse Effect” means any event, development or circumstance that has had or could reasonably be
expected to have a material adverse effect on (a) the business, operations, Property, assets, liabilities (actual or contingent) or financial condition of the Borrower and the other Loan Parties taken as a whole, (b) the ability of the
Borrower or any other Loan Party to perform any of its obligations under any Loan Document to which it is a party, (c) the validity or enforceability of any Loan Document, or (d) the rights and remedies of or benefits available to the
Administrative Agent, any other Agent, any Issuing Bank or any Lender under any Loan Document. 
 “Material
Disposition” means, at any time, any disposition of Property or series of related dispositions of Properties that yields gross proceeds to the Borrower or any of its Subsidiaries in excess of 5% of the
then-existing Borrowing Base. 
 “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 any Loan Party in an aggregate principal amount exceeding $2,000,000. For purposes of determining Material Indebtedness,
the “principal amount” of the obligations of any Loan Party in respect of any Swap Agreement at any time shall be the Swap Termination Value. 

“Maturity Date” means April 27, 2022. 

“Maximum Credit Amount” means, as to each Lender, the amount set forth opposite such Lender’s name on
Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to
Section 2.06 or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b). As of the Effective Date, the aggregate Maximum Credit Amounts of the Lenders are
$250,000,000. 
 “Midstream Properties” means all tangible and intangible Property used in (a) gathering, compressing,
treating, processing and transporting Hydrocarbons; (b) fractionating and transporting Hydrocarbons; (c) marketing Hydrocarbons; including, without limitation, gathering lines and gathering systems, pipelines and pipeline systems, storage
facilities, liquid extraction plants, plant compressors, pumps, pumping units, field gathering systems, gas processing plants, saltwater disposal facilities; and (d) any other gathering, transportation, compression, storage, processing,
treating, dehydration, fractionation, generation, disposal or other similar assets related to the handling of Hydrocarbons, and together with surface leases,
rights-of-way, easements and servitudes related to each of the foregoing. Unless otherwise specified herein, “Midstream Properties” shall be deemed to
refer to such properties owned by the Borrower and its Subsidiaries. 

  
 20 

 “Minimum Collateral Amount” means, at any time, (i) with
respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 105% of the Fronting Exposure of all Issuing Banks with respect to Letters of Credit issued and outstanding at such time and (ii) if the Borrower
agrees to deliver Cash Collateral consisting of Property other than cash or deposit account balances, an amount determined by the relevant Issuing Bank in its sole discretion. 

“Moody’s” means Moody’s Investors Service, Inc. and any successor thereto that is a nationally
recognized rating agency. 
 “Mortgage” means each of the mortgages or deeds of trust executed by any one
or more Loan Parties for the benefit of the Secured Parties as security for the Secured Obligations, together with any assumptions or assignments of the obligations thereunder by any Loan Party, and “Mortgages” shall mean all of such
Mortgages collectively. 
 “Mortgaged Property” means any Property owned by any Loan Party which is subject
to the Liens existing and to exist under the terms of the Security Instruments. 
 “Multiemployer Plan”
means a multiemployer plan, as defined in Section 3(37) or 4001(a)(3) of ERISA, that is subject to Title IV of ERISA and to which the Borrower, a Subsidiary or an ERISA Affiliate is making or accruing an obligation to make contributions or was
obligated to make contributions within the last six (6) years. 
 “New Borrowing Base Notice” has the
meaning assigned to such term in Section 2.07(d). 
 “Non-U.S. Lender” means a Lender, with respect to the Borrower, that is not a U.S. Person. 

“Notes” means the promissory notes, if any, of the Borrower described in
Section 2.02(d) and being substantially in the form of Exhibit A, together with all amendments, modifications, replacements, extensions and rearrangements thereof. 

“OFAC” means the Office of Foreign Assets Control of the United States Department of the Treasury. 

“Oil and Gas Properties” means (a) Hydrocarbon Interests; (b) the Properties now or hereafter
pooled or unitized with Hydrocarbon Interests; (c) all presently existing or future unitization agreements, pooling agreements and declarations of pooled units and the units created thereby (including all units created under orders, regulations
and rules of any Governmental Authority) which may affect all or any portion of the Hydrocarbon Interests; (d) all operating agreements, contracts and other agreements, including production sharing contracts and agreements, which relate to any
of the Hydrocarbon Interests or the production, sale, transportation, purchase, exchange or processing of Hydrocarbons from or attributable to such Hydrocarbon Interests; (e) all Hydrocarbons in and under and which may be produced and saved or
attributable to the Hydrocarbon Interests, including all oil in tanks, and all rents, issues, profits, proceeds, products, revenues and other incomes from or attributable to the Hydrocarbon Interests; (f) all tenements, hereditaments,
appurtenances and Properties in any manner appertaining, belonging, affixed or incidental to the Hydrocarbon Interests and (g) all Properties, rights, titles, interests and estates described or referred to above, including any and all Property,
real or 

  
 21 

 
personal, now owned or hereafter acquired and situated upon, used, held for use or useful in connection with the operating, working or development of any of such Hydrocarbon Interests or Property
(excluding drilling rigs, automotive equipment, rental equipment or other personal Property which may be on such premises for the purpose of drilling a well or for other similar temporary uses) and including any and all oil wells, gas wells,
injection wells or other wells, buildings, structures, fuel separators, liquid extraction plants, plant compressors, pumps, pumping units, field gathering systems, gas processing plants and pipeline systems and any related infrastructure to any
thereof, tanks and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface leases, rights-of-way, easements and servitudes together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing; provided
that the Oil and Gas Properties shall not include any “building” or “mobile home” (each as defined in Regulation H as promulgated by the Federal Reserve Board under the Flood Insurance Regulations). Unless otherwise
indicated herein, each reference to the term “Oil and Gas Properties” means Oil and Gas Properties of the Borrower or any other Loan Party, as the context may require. 

“Organizational Documents” means (a) with respect to any corporation, the certificate or articles of
incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to such corporation’s jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or organization
and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument,
filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation
or organization of such entity. 
 “Other Connection Taxes” means with respect to any Credit Party, Taxes
imposed as a result of a present or former connection between such Credit Party and the jurisdiction imposing such Tax (other than connections arising from such Credit Party having executed, delivered, become a party to, performed its obligations
under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to, or enforced, any Loan Document, or sold or assigned an interest in any Loan, Letter of Credit or Loan Document). 

“Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or
similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any
such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 5.05). 

“Participant” has the meaning assigned to such term in Section 12.04(c). 

“Participant Register” has the meaning assigned to such term in Section 12.04(c).

 “Patriot Act” has the meaning assigned to such term in Section 12.16. 

“PBGC” means the Pension Benefit Guaranty Corporation as defined in Title IV of ERISA, or any successor
thereto. 

  
 22 

 “Permitted Equity Acquisition” means any acquisition by Borrower
or any Guarantor of any Equity Interests of another Person which satisfies and/or is conducted in accordance with the following requirements: 

(a) such acquisition is approved by the Administrative Agent; 

(b) such acquisition is of a business or Person that owns Oil and Gas Properties; 

(c) the business or Person so acquired shall (x) become a wholly-owned direct Subsidiary of Borrower or of a Guarantor and
Borrower or the applicable Guarantor shall cause such acquired business or Person to comply with Section 8.14 hereof or (y) provided that the Loan Parties continue to comply with
Section 8.03 hereof, be merged with and into Borrower or such a Guarantor (and, in the case of Borrower, with Borrower being the surviving entity); and 

(d) after giving effect to such acquisition (including the request of any Loans associated therewith), the Borrower is in pro
forma compliance with the Agreement. 
 “Permitted Holders” means RRI and Tema. 

“Permitted Refinancing Debt” means Debt (for purposes of this definition, “New Debt”)
incurred in exchange for, or proceeds of which are used to refinance, all of any other Debt (the “Refinanced Debt”); provided that: 

(a) such New Debt is in an aggregate principal amount not in excess of the sum of (i) the aggregate principal amount then
outstanding of the Refinanced Debt (or, if the Refinanced Debt is exchanged or acquired for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration thereof, such lesser amount), (ii) accrued and
unpaid interest and fees and (iii) an amount necessary to pay reasonable costs and expenses, including premiums, related to such exchange or refinancing; 

(b) such New Debt does not provide for any scheduled repayment, mandatory redemption or payment of a sinking fund obligation
prior to the date that is 90 days after the fifth anniversary of the Effective Date (except for any customary offer to redeem such Debt required as a result of asset sales or the occurrence of a “change of control” under and as defined in
the Second Lien Documents or the Senior Unsecured Notes Documents); 
 (c) such New Debt contains covenants, events of
default, remedies, guarantees and other terms which are not materially more restrictive on the Borrower and each Loan Party, taken as a whole, than the terms of the Refinanced Debt on the First Amendment Effective Date, unless such more restrictive
terms are incorporated into this Agreement; 
 (d) the mandatory prepayment, repurchase and redemption provisions of such New
Debt are not materially more restrictive on the Borrower and each Loan Party, taken as a whole, than those imposed by the Refinanced Debt on the First Amendment Effective Date; 

(e) no Subsidiary of the Borrower (other than a Guarantor or a Person who becomes a Guarantor in connection therewith) is an
obligor under such New Debt; and 

  
 23 

 (f) such New Debt (and any guarantees thereof) is subordinated in right of
payment to the Secured Obligations to at least the same extent as the Refinanced Debt and subordinated on terms satisfactory to the Administrative Agent. 

“Permitted Tax Distribution” means, with respect to any taxable period during which the Borrower is a pass-through entity for United States federal income tax purposes (including, for the avoidance of doubt, a disregarded entity not treated as separate from its owner) Restricted Payments to holders of equity in the
Borrower, made on a pro rata basis in accordance with the number of common units in the Borrower owned by each such holder, in an aggregate amount such that each such equity holder receives an amount of Restricted Payments necessary to enable such
equity holder (and its direct and indirect owners) to pay its U.S. federal, state and/or local and non-U.S. income taxes (as applicable) attributable to its direct or indirect ownership of the Borrower with
respect to such taxable period (assuming that each such equity holder (or its direct and indirect owners) is subject to tax at the highest combined marginal U.S. federal, state, and/or local income tax rate applicable to any such equity holder (or
its direct and indirect owners) for such taxable period (including any tax rate imposed on “net investment income” by Section 1411 of the Code and excluding the deductibility of state and local income taxes for U.S. federal income tax
purposes), and taking into account the alternative minimum tax, any cumulative net taxable loss of the Borrower for prior taxable periods to the extent such loss is of a character that would allow such loss to be available to such equity holders (or
their direct and indirect owners) to reduce such attributable taxes of such equity holders (or their direct and indirect owners) in the current taxable period (taking into account any limitations on the utilization of such loss by such equity
holders to reduce such attributable taxes and assuming such loss had not already been utilized) and the character (e.g., long-term or short-term capital gain or ordinary
or exempt) of the applicable income) provided, that if the sum of the amount of U.S. federal, state and local and non-U.S. tax liabilities of RRI for such taxable period and the amount of RRI’s
obligations under the Tax Receivable Agreement relating to such taxable period exceeds the amount of Permitted Tax Distributions payable to RRI calculated as set forth above, then the equity holders shall be entitled to receive additional Restricted
Payments (each, an “Excess Tax Distribution”), made on a pro rata basis in accordance with the number of common units in the Borrower owned by each such holder, in an aggregate amount such that RRI receives an additional amount of
Restricted Payments equal to such excess.. 
 “Person” means any natural person, corporation, limited
liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 

“Petroleum Industry Standards” means the Definitions for Oil and Gas Reserves promulgated by the Society of
Petroleum Engineers (or any generally recognized successor) as in effect at the time in question. 
 “Plan”
means any employee pension benefit plan, as defined in Section 3(2) of ERISA that is subject to Title IV of ERISA but excluding any Multiemployer Plan, which (a) is currently or hereafter sponsored, maintained or contributed to by the
Borrower, a Subsidiary or an ERISA Affiliate or (b) was at any time during the six calendar years preceding the date hereof, sponsored, maintained or contributed to by the Borrower or a Subsidiary or an ERISA Affiliate. 

“PNC Bank” has the meaning assigned to such term in the preamble hereto. 

“Prime Rate” means the interest rate per annum announced from time to time by the Administrative Agent at its
Principal Office as its then prime rate, which rate may not be the lowest or most favorable rate then being charged commercial borrowers or others by the Administrative Agent. Any change in the Prime Rate shall take effect at the opening of business
on the day such change is announced. 

  
 24 

 “Principal Office” means the main banking office of the
Administrative Agent in Pittsburgh, Pennsylvania. 
 “Prohibited Transaction” has the meaning assigned to
such term in Section 406 of ERISA and Section 4975(c) of the Code. 
 “Property” means any
interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible, including cash, securities, accounts and contract rights. 

“Proposed Borrowing Base” has the meaning assigned to such term in
Section 2.07(c)(i). 
 “Proposed Borrowing Base Notice” has the meaning assigned
to such term in Section 2.07(c)(ii). 
 “Proved Reserves” means oil and gas
reserves that, in accordance with Petroleum Industry Standards, are classified as both “Proved Reserves” and one of the following: (a) ”Developed Producing Reserves”, (b) ”Developed
Non-Producing Reserves” or (c) ”Undeveloped Reserves.” 

“Published Rate” means the rate of interest published each Business Day in The Wall Street Journal
“Money Rates” listing under the caption “London Interbank Offered Rates” for a one month period (or, if no such rate is published therein for any reason, then the Published Rate shall be the rate at which U.S. dollar
deposits are offered by leading banks in the London interbank deposit market for a one month period as published in another publication selected by the Administrative Agent). 

“Purchase Money Security Interest” shall mean Liens upon tangible personal property securing loans to any
Loan Party or Subsidiary of a Loan Party or deferred payments by such Loan Party or Subsidiary for the purchase of such tangible personal property. 

“PV-9” means, on any date of determination, with respect to
any Proved Reserves expected to be produced from any Borrowing Base Properties, the net present value, discounted at 9% per annum, of the future net revenues expected to accrue to the Borrower’s and the Loan Parties’ collective interests
in such Proved Reserves during the remaining expected economic lives of such reserves, calculated in accordance with the most recent bank price deck provided to the Borrower by the Administrative Agent. 

“Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Loan Party that has total assets
exceeding $10,000,000 at the time the relevant guaranty agreement or the grant of the relevant Lien becomes effective or such other Person as constitutes an “eligible contract participant” under the Commodity Exchange Act or any
regulations promulgated thereunder. 
 “RCRA” has the meaning assigned to such term within the definition of
“Environmental Laws.” 
 “Reclassified Units” has the meaning assigned to such term in
Section 9.02(m). 
 “Redemption” means with respect to any Debt, the repurchase,
redemption, prepayment, repayment, defeasance or any other acquisition or retirement for value (or the segregation of funds with respect to any of the foregoing) of such Debt. “Redeem” has the correlative meaning thereto. 

  
 25 

 “Redetermination Date” means, with respect to any Scheduled
Redetermination or any Interim Redetermination, the date that the redetermined Borrowing Base related thereto becomes effective pursuant to Section 2.07(d). 

“Register” has the meaning assigned to such term in Section 12.04(b)(iv). 

“Regulation D” means Regulation D of the Board, as the same may be amended,
supplemented or replaced from time to time. 
 “Related Parties” means, with respect to any specified
Person, such Person’s Affiliates and the respective directors, officers, employees, agents and advisors (including attorneys, accountants and experts) of such Person and such Person’s Affiliates. 

“Release” means any depositing, spilling, leaking, pumping, pouring, placing, emitting, discarding,
abandoning, emptying, discharging, migrating, injecting, escaping, leaching, dumping, or disposing. 
 “Remedial
Work” has the meaning assigned to such term in Section 8.10(a). 
 “Reportable
Event” means any of the events described in Section 4043(c) of ERISA and the regulations issued thereunder with respect to a Plan other than a Reportable Event as to which the provision of 30 days’ notice to the PBGC has been
waived. 
 “Required Lenders” means, at any time while no Loans or LC Exposure is outstanding, Lenders
having at least sixty-six and two thirds percent (66-2/3%) of the Aggregate Maximum Credit Amounts; and at any time while any Loans or LC Exposure is outstanding,
Lenders holding at least sixty-six and two thirds percent (66-2/3%) of the outstanding aggregate principal amount of the Loans or participation interests in Letters of
Credit (without regard to any sale by a Lender of a participation in any Loan under Section 12.04(c)); provided that the Maximum Credit Amounts of the Loans and participation interests in Letters of Credit of the
Defaulting Lenders (if any) shall be excluded from the determination of Required Lenders. 
 “Reserve
Report” means a report, in form and substance reasonably satisfactory to the Administrative Agent, setting forth, as of the dates set forth in Section 8.12(a) (or such other date in the event of an Interim
Redetermination), the Proved Reserves attributable to the Oil and Gas Properties of the Borrower and the other Loan Parties located in the United States of America, together with a projection of the rate of production and future net income, taxes,
operating expenses and capital expenditures with respect thereto as of such date, based upon economic assumptions consistent with the Administrative Agent’s lending requirements at the time. 

“Reserve Report Certificate” has the meaning set forth in Section 8.12(c). 

“Responsible Officer” means, as to any Person, the chief executive officer, the president or any Financial
Officer of such Person. Unless otherwise specified, all references to a Responsible Officer herein shall mean a Responsible Officer of the Borrower. 

“Restricted Payment” means any dividend or other distribution or return of capital (whether in cash,
securities or other Property) with respect to any Equity Interests in any Person, 

  
 26 

 
or any payment (whether in cash, securities or other Property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, conversion,
cancellation or termination of any such Equity Interests. 
 “Revolving Credit Exposure” means, with
respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Loans and its LC Exposure at such time. 

“RRI” means Rosehill Resources Inc., a Delaware corporation, which was formerly known as KLR Energy Acquisition Corp. prior
to the Business Combination Transaction. 
 “S&P” means Standard & Poor’s Ratings Group,
a division of The McGraw-Hill Companies, Inc., and any successor thereto that is a nationally recognized rating agency. 

“Sanctioned Country” means, at any time, a country, region or territory which is itself the subject or target
of any Sanctions (as of the Effective Date, Crimea, Cuba, Iran, North Korea, Sudan and Syria). 
 “Sanctioned
Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC or the U.S. Department of State, (b) any Person operating, organized
or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b). 

“Sanctions” means all economic or financial sanctions or trade embargoes imposed, administered or enforced
from time to time by the U.S. government, including those administered by OFAC or the U.S. Department of State. 

“Scheduled Redetermination” has the meaning assigned to such term in
Section 2.07(b). 
 “Scheduled Redetermination Date” means the date on which a
Borrowing Base that has been redetermined pursuant to a Scheduled Redetermination becomes effective as provided in Section 2.07(d). 

“SEC” means the Securities and Exchange Commission or any successor Governmental Authority. 

“Second Lien Documents” means the Second Lien Note Purchase Agreement and any and all credit or loan
documents, instruments or agreements executed pursuant to or in connection with the Second Lien Note Purchase Agreement, in each case, together with all amendments, modifications, replacements, extensions and rearrangements thereof permitted by
Section 9.23(b). 
 “Second Lien Intercreditor Agreement” means an Intercreditor
Agreement substantially in the form of Exhibit I or in such other form and substance reasonably acceptable to the Majority Lenders, among Administrative Agent, the administrative agent, collateral agent or other agent under
the Second Lien Note Purchase Agreement, and the Borrower and the Guarantors, as the same may from time to time, as reasonably approved by the Majority Lenders. 

“Second Lien Note Purchase Agreement” means an indenture, note purchase agreement, credit agreement or
similar agreement pursuant to which any Second Lien Notes are issued by the Borrower, as the same may from time to time be amended, amended and restated, supplemented or otherwise modified to the extent permitted by
Section 9.23(b). 

  
 27 

 “Second Lien Notes” means senior secured second lien notes
issued by the Borrower under the Second Lien Note Purchase Agreement not to exceed $100,000,000 in the aggregate, which Debt is intended to be secured on a junior basis by any Collateral securing the Secured Obligations in accordance with the Second
Lien Intercreditor Agreement, provided that such Debt is permitted to be incurred and remain outstanding hereunder pursuant to Section 9.02(l) and any Liens securing such Debt are permitted pursuant to
Section 9.03(d), as the same may from time to time be amended, amended and restated, supplemented or otherwise modified to the extent permitted by Section 9.23(b). 

“Second Lien Obligations” means all “Obligations” (as defined in the Second Lien Note Purchase
Agreement) that describes obligations thereunder that are secured by a Lien on Collateral that is junior to the Liens on the Collateral securing the Secured Obligations in accordance with the Second Lien Intercreditor Agreement. 

“Secured Cash Management Agreement” means an agreement related to Cash Management Services between
(x) any Loan Party and (y) a Secured Cash Management Provider. 
 “Secured Cash Management
Provider” means, with respect to any agreement related to Cash Management Services, a Lender, an Affiliate of a Lender, the Administrative Agent or an Affiliate of the Administrative Agent who is the counterparty to any such agreement
related to Cash Management Services. 
 “Secured Obligations” means any and all amounts owing or to be
owing by any Loan Party (x) to the Administrative Agent, any Issuing Bank or any Lender under any Loan Document, (y) to any Secured Swap Provider under any Secured Swap Agreement or Secured Cash Management Provider under any Secured Cash
Management Agreement and (z) all renewals, extensions and/or rearrangements of any of the foregoing, in each case, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing
or hereafter arising (including interest accruing after the maturity of the Loans and LC Disbursements and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding,
relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding); provided that solely with respect to
any Guarantor that is not an “eligible contract participant” under the Commodity Exchange Act, Excluded Swap Obligations of such Guarantor shall in any event be excluded from “Secured Obligations” owing by such Guarantor. 

“Secured Parties” means, collectively, the Administrative Agent, each Lender, each Issuing Bank, each Secured
Cash Management Provider, each Secured Swap Provider, each Indemnitee, each other Agent, and any other Person owed Secured Obligations and “Secured Party” means any of them individually. 

“Secured Swap Agreement” means a Swap Agreement between (x) any Loan Party and (y) a Secured Swap
Provider. 
 “Secured Swap Provider” means, with respect to any Swap Agreement, (a) a Lender or an
Affiliate of a Lender who is the counterparty to any such Swap Agreement with a Loan Party and (b) any Person who was a Lender or an Affiliate of a Lender at time when such Person entered into any such Swap Agreement who is a counterparty to
any such Swap Agreement with a Loan Party. 
 “Securities Act” means the Securities Act of 1933. 

  
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 “Security Instruments” means the Guaranty Agreement, Mortgages
and any security agreements, deeds of trust, account control agreements and other agreements, instruments or certificates described or referred to in Exhibit F, and any and all other agreements, instruments, consents or
certificates now or hereafter executed and delivered by the Borrower, the other Loan Parties or any other Person (other than Swap Agreements with Secured Swap Providers or participation or similar agreements between any Lender and any other lender
or creditor with respect to any Secured Obligations pursuant to this Agreement) in connection with, or as security for the payment or performance of the Secured Obligations, the Notes, this Agreement, or reimbursement obligations under the Letters
of Credit, as such agreements may be amended, modified, supplemented or restated from time to time. 
 “Senior
Unsecured Notes” means unsecured senior, senior subordinated or subordinated Debt consisting of notes or bonds issued by the Borrower or a Guarantor, provided that (a) the principal amount of such Debt shall not exceed in the
aggregate, at any time such Debt is incurred (without duplication and taking into account all concurrent payments or redemptions of Senior Unsecured Notes with the proceeds of other Senior Unsecured Notes), an amount equal to the sum of (x) the
greater of (i) $250,000,000 and (ii) the product of 1.5 multiplied by the Borrowing Base then in effect (prior to giving effect to any reduction of the Borrowing Base under Section 2.07(e) for such issuance) and
(y) the amount of Senior Unsecured Notes issued to repay Second Lien Obligations, (b) no Default or Event of Default has occurred and is continuing under this Agreement or would result from such incurrence of Debt, (c) the maturity
date of such Debt shall not occur before one hundred eighty (180) days after the Maturity Date, (d) there shall be no scheduled principal amortization, prepayments, redemptions, defeasance, tender, sinking fund or repurchase obligations
prior to the Maturity Date, and (e) the covenants, events of default, guarantees and other terms of such Debt, taken as a whole, are not more restrictive on the Borrower and its Subsidiaries than the terms of this Agreement (as in effect at the
time of such issuance or incurrence); provided that a certificate of a Responsible Officer of the Borrower delivered to the Administrative Agent at least five Business Days prior to the incurrence or issuance of such Debt, together with a
reasonably detailed description of the material terms and conditions of such Debt or drafts of the documentation relating thereto, stating that the Borrower has determined in good faith that such terms and conditions satisfy the foregoing
requirements shall be conclusive evidence that such terms and conditions satisfy the foregoing requirements unless the Administrative Agent notifies the Borrower within such five Business Day period that it disagrees with such determination
(including a reasonable description of the basis upon which it disagrees). 
 “Senior Unsecured Notes
Documents” means, with respect to any Senior Unsecured Notes, each indenture or other agreement pursuant to which such Senior Unsecured Notes is issued or incurred, and any notes, certificates, security agreement, mortgage or other
documents made or delivered by the Borrower or any Subsidiary in connection with such Senior Unsecured Notes, as the same may be amended, modified or supplemented in accordance with Section 9.21. 

“Series A Preferred Stock” means the 8.000% Series A Cumulative Perpetual Convertible Preferred Stock of RRI.

 “Series B Redeemable Preferred Stock” means “Series B Preferred Stock” as defined in the Stock
Purchase Agreement. 
 “Series B Preferred Equity Holders” means and those certain holders of Series B
Redeemable Preferred Stock of RRI upon the First Amendment Effective Date pursuant to the Stock Purchase Agreement including such additional holders of Series B Redeemable Preferred Stock from future issuances as contemplated thereby. 

  
 29 

 “Series B Preferred Equity Issuance” means the issuance of
Series B Redeemable Preferred Stock of the Borrower (a) upon the First Amendment Effective Date in an amount up to $150,000,000 and (b) upon a future date in an amount up to $50,000,000, in each case, in accordance with the terms of the
Stock Purchase Agreement. 
 “Series B Redeemable Preferred Stock” means “Series B Preferred
Stock” as defined in the Stock Purchase Agreement. 
 “Specified Change of Control” means a
“Change of Control” (or any other defined term having a similar purpose or meaning) as defined in any (i) Senior Unsecured Notes, (ii) Second Lien Documents, (iii) the Tax Receivables Agreement or (iv) documents
governing any RRI’s Equity Interests. 
 “Statutory Reserve Rate” means a fraction (expressed as a
decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal
established by the Board to which the Administrative Agent is subject, with respect to the LIBOR Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve
percentages shall include those imposed pursuant to such Regulation D. LIBOR Rate Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or
offsets that may be available from time to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve
percentage. 
 “Stock Purchase Agreement” means the Series B Redeemable Preferred Stock Purchase Agreement
dated as of December 8, 2017 among RRI and the purchasers listed therein. 
 “Subsidiary” means as to
any Person, a corporation, partnership, limited liability company or other entity of which shares of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason
of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly
through one or more intermediaries, or both, by such Person. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a direct or indirect Subsidiary or Subsidiaries of
the Borrower. 
 “Swap Agreement” means any agreement with respect to any swap, cap, collar, forward,
future or derivative transaction 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, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, 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) 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 any Loan Party shall be a Swap Agreement. 

  
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 “Swap Liquidation” means any Swap Agreement, which has been
given value in the then effective Borrowing Base, is sold, assigned, novated, liquidated, unwound or terminated. 

“Swap Obligation” means, with respect to any Guarantor, any obligation to pay or perform under any agreement,
contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

“Swap Termination Value” means, in respect of any one or more Swap Agreements, after taking into account the
effect of any legally enforceable netting agreement relating to such Swap Agreements, (a) for any date on or after the date such Swap Agreements have been closed out and termination value(s) determined in accordance therewith, such termination
value(s) and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Agreements, as
determined by the counterparties to such Swap Agreements. 
 “Synthetic Leases” means, in respect of any
Person, all leases which shall have been, or should have been, in accordance with GAAP, treated as operating leases on the financial statements of the Person liable (whether contingently or otherwise) for the payment of rent thereunder and which
were properly treated as indebtedness for borrowed money for purposes of U.S. federal income taxes, if the lessee in respect thereof is obligated to either purchase for an amount in excess of, or pay upon early termination an amount in excess of,
80% of the residual value of the Property subject to such operating lease upon expiration or early termination of such lease. 

“Tax Receivable Agreement” means that certain Tax Receivable Agreement dated as of April 27, 2017 by and
among RRI, Tema and its successors and permitted assigns, as the “TRA Holders,” and Tema or such other Person designated as the agent under such agreement as the “Agent”. 

“Taxes” means any and all present or future taxes, levies, imposts, duties, deductions, charges or
withholdings imposed by any Governmental Authority. 
 “Tema” means Tema Oil and Gas Company, a Maryland
corporation or its Affiliates. 
 “Termination Date” means the earlier of the Maturity Date and the date of
termination of the Commitments. 
 “Total Funded Debt” means, at any date, all Debt of the Borrower and its
Consolidated Subsidiaries on a consolidated basis, excluding (a) all obligations under or in respect of any Borrower Preferred Units so long as such obligations are not classified as debt under GAAP or no mandatory redemption payment is then
due; (b) all Debt of others secured by (or for which the holder of such Debt has an existing right, contingent or otherwise, to be secured by) a Lien on any Property of such Person, whether or not such Debt is assumed by such Person and
(c) the undischarged balance of any production payment created by such Person or for the creation of which such Person directly or indirectly received payment.  

“Transactions” means, with respect to (a) the Borrower, the execution, delivery and performance by the
Borrower of this Agreement, each other Loan Document to which it is a party, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder, the Borrower’s grant of the security interests and provision
of collateral under the Security Instruments, and Borrower’s grant of Liens on Mortgaged Properties (if applicable) 

  
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and other Properties pursuant to the Security Instruments, (b) each other Loan Party, the execution, delivery and performance by such Loan Party of each Loan Document to which it is a party,
the guaranteeing of the Secured Obligations and the other obligations under the Guaranty Agreement by such Loan Party and such Loan Party’s grant of the security interests and provision of collateral under the Security Instruments, and the
grant of Liens by such Guarantor on Mortgaged Properties (if applicable) and other Properties pursuant to the Security Instruments, (c) the Business Combination Transaction, (d) the Whitehorse Asset Acquisition and (d) the Series B
Preferred Equity Issuance. 
 “Type” when used in reference to any Loan or Borrowing, refers to the rate of
interest on such Loan, or on the Loans comprising such Borrowing, determined by reference to either the Base Rate or the LIBOR Rate. 

“U.S. Person” means a Person that is a “United States person” as defined in
Section 7701(a)(30) of the Code. 
 “U.S. Tax Compliance Certificate” has the meaning assigned to such
term in Section 5.03(g)(ii)(B)(3). 
 “Whitehorse Acquisition Agreement” means that certain
Purchase and Sale Agreement, dated as of October 24, 2017, by and among, Whitehorse Energy, LLC, a Delaware limited liability company, Whitehorse Energy Delaware, LLC, a Delaware limited liability company, Whitehorse Delaware Operating, LLC,
Delaware limited liability company, Siltstone Resources II - Permian, LLC, a Delaware limited liability, Siltstone Resources II-B-Permian, LLC, a Delaware limited
liability, Rosehill Resources Inc., a Delaware corporation, and the Borrower. 
 “Whitehorse Asset Acquisition” means the
acquisition of the Whitehorse Assets. 
 “Whitehorse Assets” means the Oil and Gas Properties and other related assets
acquired pursuant to the Whitehorse Acquisition Agreement. 

“Wholly-Owned Subsidiary” means any Subsidiary of which all of
the outstanding Equity Interests (other than any directors’ qualifying shares mandated by applicable law), on a fully-diluted basis, are owned by the Borrower, the Guarantors and/or one or more of the Wholly-Owned Subsidiaries. 
 “Withholding Agent” means any Loan Party or
the Administrative Agent. 
 “Write-Down and Conversion
Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the
Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In
Legislation Schedule. 
 Section 1.03 Types of Loans and Borrowings. For purposes of this
Agreement, Loans and Borrowings, respectively, may be classified and referred to by Type (e.g., a “LIBOR Rate Loan” or a “LIBOR Rate Borrowing”). 

Section 1.04 Terms Generally; Rules of Construction. The definitions of terms herein shall apply
equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and
“including” shall be deemed to be followed by the phrase “without limitation”, and the word “or” is not exclusive. The word “will” shall be construed to have the same meaning and effect as the word
“shall”. Unless the context requires otherwise 

  
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(a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time
amended, supplemented, restated or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth in the Loan Documents), (b) any reference herein to any law shall be construed as referring to such
law as amended, modified, codified or reenacted, in whole or in part, and in effect from time to time, (c) any reference herein to any Person shall be construed to include such Person’s successors and assigns (subject to the restrictions
contained in the Loan Documents), (d) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision
hereof, (e) with respect to the determination of any time period, the word “from” means “from and including” and the word “to” and “until” means “to but excluding” and the word
“through” means “to and including” and (f) any reference herein to Articles, Sections, Annexes, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Annexes, Exhibits and Schedules to, this
Agreement. No provision of this Agreement or any other Loan Document shall be interpreted or construed against any Person solely because such Person or its legal representative drafted such provision. 

Section 1.05 Accounting Terms and Determinations; GAAP. Unless otherwise specified herein, all
accounting terms used herein shall be interpreted, all determinations with respect to accounting matters hereunder shall be made, and all financial statements and certificates and reports as to financial matters required to be furnished to the
Administrative Agent or the Lenders hereunder shall be prepared, in accordance with GAAP, applied on a basis consistent with the initial financial statements delivered under Section 8.01, except for changes in which the
Borrower’s independent certified public accountants concur and which are disclosed to the Administrative Agent on the next date on which financial statements are required to be delivered to the Lenders pursuant to
Section 8.01(a); provided that, unless the Borrower and the Majority Lenders shall otherwise agree in writing, no such change shall modify or affect the manner in which compliance with the covenants contained herein
is computed such that all such computations shall be conducted utilizing financial information presented consistently with prior periods. Notwithstanding anything in this Agreement or any other Loan Document to the contrary, (a) for the
purposes of calculating compliance with any covenant in this Agreement or any other Loan Document, no effect shall be given to any change in GAAP arising out of a change described in the Proposed Accounting Standards Update to Leases (Topic 840)
dated August 17, 2010 or a substantially similar pronouncement and (b) if the Borrower notifies the Administrative Agent in writing that the Borrower wishes to amend any financial covenant in Section 9.01, any
related definition to eliminate the effect of any change in GAAP occurring after the Effective Date on the operation of such financial covenants (or if the Administrative Agent notifies the Borrower in writing that the Majority Lenders wish to amend
any financial covenant in Section 9.01, any related definition to eliminate the effect of any such change in GAAP), then the Administrative Agent and the Borrower shall negotiate in good faith to amend such ratios or
requirements to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Majority Lenders); provided that, until so amended, the Loan Parties’ compliance with such covenants shall be determined on the
basis of GAAP in effect immediately before the relevant change in GAAP became effective, until either such notice is withdrawn or such covenants or definitions are amended in a manner satisfactory to the Borrower and the Majority Lenders, and the
Loan Parties shall provide to the Administrative Agent, when they deliver their financial statements pursuant to under Sections 8.01(a) and (b) of this Agreement, such reconciliation statements as shall be
reasonably requested by the Administrative Agent. 

  
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 Section 1.06 Timing of Payment or Performance. When
the payment of any obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of Interest
Period) or performance shall extend to the immediately succeeding Business Day. 
 ARTICLE II 

THE CREDITS 
 
Section 2.01 Commitments. Subject to the terms and conditions set forth herein and relying upon the representations and warranties herein set forth, each Lender severally agrees to make Loans to the Borrower during the Availability
Period in an aggregate principal amount that will not result in (a) such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment or (b) the total Revolving Credit Exposures exceeding the total Commitments. Within
the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, repay and reborrow the Loans. 
 
Section 2.02 Loans and Borrowings. 
 (a) Borrowings; Several Obligations. Each Loan shall be made as
part of a Borrowing consisting of Loans made by the Lenders ratably in accordance with their respective Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations
hereunder; provided that the Commitments are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. 

(b) Types of Loans. Subject to Section 3.03 and Section 5.05, each
Borrowing shall be comprised entirely of Base Rate Loans or LIBOR Rate Loans as the Borrower may request in accordance herewith. Each Lender at its option may make any LIBOR Rate Loan by causing any domestic or foreign branch or Affiliate of such
Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. 

(c) Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any LIBOR Rate
Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $500,000 and not less than $1,000,000. At the time that each Base Rate Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral
multiple of $500,000 and not less than $1,000,000; provided that a Base Rate Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments or that is required to finance the reimbursement of an LC
Disbursement as contemplated by Section 2.08(e). Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of five (5) LIBOR Rate
Borrowings outstanding. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the
Maturity Date. 

  
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 (d) Notes. If requested by a Lender, the Loans made by such Lender shall
be evidenced by a single Note of the Borrower, dated, in the case of (i) any Lender party hereto as of the date of this Agreement, as of the date of this Agreement or (ii) any Lender that becomes a party hereto pursuant to an Assignment
and Assumption, as of the effective date of the Assignment and Assumption, payable to such Lender in a principal amount equal to its Maximum Credit Amount as in effect on such date, and otherwise duly completed. Upon request from a Lender, in the
event that any such Lender’s Maximum Credit Amount increases or decreases for any reason (whether pursuant to Section 2.06, Section 12.04(b) or otherwise), the Borrower shall deliver or cause
to be delivered on the effective date of such increase or decrease, a new Note payable to such Lender in a principal amount equal to its Maximum Credit Amount after giving effect to such increase or decrease, and otherwise duly completed. The date,
amount, Type, interest rate and, if applicable, Interest Period of each Loan made by such Lender, and all payments made on account of the principal thereof, may be recorded by such Lender on its books for its Note, and, prior to any transfer, may be
endorsed by such Lender on a schedule attached to such Note or any continuation thereof or on any separate record maintained by such Lender. Failure to make any such notation or to attach a schedule shall not affect any Lender’s or the
Borrower’s rights or obligations in respect of such Loans or affect the validity of such transfer by any Lender of its Note. 
 
Section 2.03 Requests for Borrowings. To request a Borrowing, the Borrower shall notify the Administrative Agent of such request by telephone (a) in the case of a LIBOR Rate Borrowing, not later than 10:00 a.m., Pittsburgh,
Pennsylvania time, three Business Days before the date of the proposed Borrowing or (b) in the case of a Base Rate Borrowing, not later than 10:00 a.m., Pittsburgh, Pennsylvania time, on the date of the proposed Borrowing; provided
that no such notice shall be required for any deemed request of a Base Rate Borrowing to finance the reimbursement of an LC Disbursement as provided in Section 2.08(e). Each such telephonic Borrowing Request shall be
irrevocable and shall be confirmed promptly by hand delivery, fax or other electronic communication to the Administrative Agent of a written Borrowing Request in substantially the form of Exhibit B and signed by the
Borrower, it being understood that the Administrative Agent may rely on the authority of any individual making such a telephonic request without the necessity of receipt of such written confirmation. Each such telephonic and written Borrowing
Request shall specify the following information in compliance with Section 2.02: 
 (i) the
aggregate amount of the requested Borrowing; 
 (ii) the date of such Borrowing, which shall be a Business Day; 

(iii) whether such Borrowing is to be a Base Rate Borrowing or a LIBOR Rate Borrowing; 

  
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 (iv) in the case of a LIBOR Rate Borrowing, the initial Interest Period to be
applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; 
 (v)
the amount of the then effective Borrowing Base, the current total Revolving Credit Exposures (without regard to the requested Borrowing) and the pro forma total Revolving Credit Exposures (giving effect to the requested Borrowing); and 

(vi) the location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the
requirements of Section 2.05. 
 If no election as to the Type of Borrowing is specified, then the
requested Borrowing shall be a Base Rate Borrowing. If no Interest Period is specified with respect to any requested LIBOR Rate Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each
Borrowing Request shall constitute a representation that the amount of the requested Borrowing shall not cause the total Revolving Credit Exposures to exceed the total Commitments (i.e., the lesser of the Aggregate Maximum Credit Amounts and the
then effective Borrowing Base). 
 Promptly following receipt of a Borrowing Request in accordance with this
Section 2.03, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 

Section 2.04 Interest Elections. 

(a) Conversion and Continuance. Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the
case of a LIBOR Rate Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a LIBOR
Rate Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.04. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such
portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. 

(b) Interest Election Requests. To make an election pursuant to this Section 2.04, the
Borrower shall notify the Administrative Agent of such election by telephone by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from
such election to be made on the effective date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery, fax or other electronic communication to the Administrative Agent
of a written Interest Election Request in substantially the form of Exhibit C and signed by the Borrower. 

  
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 (c) Information in Interest Election Requests. Each telephonic and written
Interest Election Request shall specify the following information in compliance with Section 2.02: 

(i) the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to
different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to Section 2.04(c)(iii) and Section 2.04(c)(iv)
shall be specified for each resulting Borrowing); 
 (ii) the effective date of the election made pursuant to such Interest
Election Request, which shall be a Business Day; 
 (iii) whether the resulting Borrowing is to be a Base Rate Borrowing or
a LIBOR Rate Borrowing; and 
 (iv) if the resulting Borrowing is a LIBOR Rate Borrowing, the Interest Period to be
applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 

If any such Interest Election Request requests a LIBOR Rate Borrowing but does not specify an Interest Period, then the
Borrower shall be deemed to have selected an Interest Period of one month’s duration. 
 (d) Notice to the Lenders by
the Administrative Agent. Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 

(e) Effect of Failure to Deliver Timely Interest Election Request and Events of Default on Interest Election. If the
Borrower fails to deliver a timely Interest Election Request with respect to a LIBOR Rate Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest
Period such Borrowing shall be converted to a Base Rate Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing, (i) no outstanding Borrowing may be converted to or continued as a LIBOR
Rate Borrowing (and any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a LIBOR Rate Borrowing shall be ineffective) and (ii) unless repaid, each LIBOR Rate Borrowing shall be
converted to a Base Rate Borrowing at the end of the Interest Period applicable thereto. 

Section 2.05 Funding of Borrowings. 

(a) Funding by the Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by
wire transfer of immediately available funds by 2:00 p.m., Pittsburgh, Pennsylvania time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make
such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower 

  
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maintained with the Administrative Agent and designated by the Borrower in the applicable Borrowing Request; provided that Base Rate Loans made to finance the reimbursement of an LC
Disbursement as provided in Section 2.08(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank. Nothing herein shall be deemed to obligate any Lender to obtain the funds for its Loan in any
particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for its Loan in any particular place or manner. 

(b) Presumption of Funding by the Lenders. Unless the Administrative Agent shall have received notice from a Lender
prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such
date in accordance with Section 2.05(a) and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing
available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such
amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in
accordance with banking industry rules on interbank compensation or (ii) in the case of the Borrower, the interest rate applicable to Base Rate Loans. If such Lender pays such amount to the Administrative Agent, then such amount shall
constitute such Lender’s Loan included in such Borrowing. 
 Section 2.06 Termination and
Reduction of Aggregate Maximum Credit Amounts. 
 (a) Scheduled Termination of Commitments. Unless previously
terminated, the Commitments shall terminate on the Maturity Date. If at any time the Aggregate Maximum Credit Amounts are terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction.

 (b) Optional Termination and Reduction of Aggregate Maximum Credit Amounts. 

(i) The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit Amounts; provided
that (A) each reduction of the Aggregate Maximum Credit Amounts shall be in an amount that is an integral multiple of $1,000,000 and not less than $5,000,000 and (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit
Amounts if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(b), the total Revolving Credit Exposures would exceed the total Commitments. 

(ii) The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Aggregate Maximum Credit
Amounts under Section 2.06(b)(i) at least three Business Days prior to the effective date of such 

  
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termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents
thereof. Any election by the Borrower to terminate or reduce the Aggregate Maximum Credit Amounts pursuant to a notice delivered by the Borrower pursuant to this Section 2.06(b)(ii) may be made to be contingent upon the
consummation of a refinancing or effectiveness of other credit facilities and such notice may otherwise be extended or revoked, in each case, with the requirements of Section 5.02 to apply to any failure of the contingency
to occur and any such extension or revocation. Any termination or reduction of the Aggregate Maximum Credit Amounts shall be permanent and may not be reinstated. Each reduction of the Aggregate Maximum Credit Amounts shall be made ratably among the
Lenders in accordance with each Lender’s Applicable Percentage. 
 Section 2.07 Borrowing
Base. 
 (a) Initial Borrowing Base. For the period from and including the Effective Date to but excluding the
first Redetermination Date, the amount of the Borrowing Base shall be $55,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to time pursuant to the Borrowing Base Adjustment Provisions. 

(b) Scheduled and Interim Redeterminations. The Borrowing Base shall be redetermined on a
semi-annual basis in accordance with this Section 2.07 (each such redetermination, a “Scheduled Redetermination”). Subject to
Section 2.07(d), such redetermined Borrowing Base shall become effective and applicable to the Borrower, the Administrative Agent, the Issuing Bank and the Lenders on or about April 1st and October 1st of each year, as applicable, commencing October 1, 2017. In addition, the Borrower may, by notifying the Administrative
Agent thereof, and the Administrative Agent may, at the direction of the Required Lenders, by notifying the Borrower thereof, one time between any two successive Scheduled Redeterminations, each elect to cause the Borrowing Base to be redetermined
(an “Interim Redetermination”) in accordance with this Section 2.07. 
 (c)
Scheduled and Interim Procedure. Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: 

(i) Upon receipt by the Administrative Agent of (A) the applicable Reserve Report and related Reserve Report Certificate
and (B) such other reports, data and supplemental information, including, without limitation, the information provided pursuant to Section 8.01 (as applicable) and Section 8.12, as may, from
time to time, be reasonably requested by the Administrative Agent or the Majority Lenders (the Reserve Report, related Reserve Report Certificate and such other reports, data and supplemental information being the “Engineering
Reports”), the Administrative Agent shall evaluate the information contained in the Engineering Reports and shall, in its sole discretion, propose a new Borrowing Base (the “Proposed Borrowing Base”) based upon any
information (including, without 

  
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limitation, the status of title information with respect to the Oil and Gas Properties as described in the Engineering Reports and the existence of any other Debt, the Loan Parties’ other
assets, liabilities, fixed charges, cash flow, business properties, prospects, management and ownership, hedged and unhedged exposure to price, price and production scenarios, interest rate and operating cost changes) as the Administrative Agent
deems appropriate in its sole discretion and consistent with its oil and gas lending criteria as it exists at the particular time. In no event shall the Proposed Borrowing Base exceed the Aggregate Maximum Credit Amounts. 

(ii) The Administrative Agent shall notify the Borrower and the Lenders of the Proposed Borrowing Base (the “Proposed
Borrowing Base Notice”): 
 (A) in the case of a Scheduled Redetermination (1) if the Administrative Agent
shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Section 8.12(a) in a timely and complete manner, then on or before the fifteenth (15th) day following the date of delivery (or such later date, within 30 days thereof, to which the Borrower and the Administrative Agent agree) or (2) if the Administrative Agent shall not have
received the Engineering Reports required to be delivered by the Borrower pursuant to Section 8.12(a) in a timely and complete manner, then promptly after the Administrative Agent has received complete Engineering Reports
from the Borrower and has had a reasonable opportunity to determine the Proposed Borrowing Base in accordance with Section 2.07(c)(i); and 

(B) in the case of an Interim Redetermination, on or about the thirtieth
(30th) day after the Administrative Agent has received the required Engineering Reports (unless otherwise agreed by the Borrower). 

(iii) Any Proposed Borrowing Base that would (A) increase the Borrowing Base then in effect must be approved by all
Lenders (other than Defaulting Lenders) and (B) decrease or maintain the Borrowing Base then in effect must be approved or be deemed to have been approved by the Required Lenders, in each case, as provided in this
Section 2.07(c)(iii). Such decisions will be made by each Lender based upon such criteria (including, without limitation, the status of title information with respect to the Oil and Gas Properties as described in the
Engineering Reports and the existence of any other Debt, the Loan Parties’ other assets, liabilities, fixed charges, cash flow, business properties, prospects, management and ownership, hedged and unhedged exposure to price, price and
production scenarios, interest rate and operating cost changes) as such Lender deems appropriate in its sole discretion and consistent with its oil and gas lending criteria as it exists at the particular time. Upon receipt of the Proposed Borrowing
Base Notice, each Lender shall have fifteen (15) days to agree with the Proposed Borrowing Base or disagree with the Proposed Borrowing Base by proposing an alternate Borrowing Base. If, at the end of such fifteen (15) day period, in the
case of a Proposed Borrowing Base that would decrease or maintain the Borrowing Base then in effect, a Lender has not communicated its approval or disapproval in writing to the Administrative Agent, such silence shall be deemed to be an approval of
such Proposed Borrowing Base. If, at the end of such 

  
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fifteen (15) day period, all of the Lenders (other than Defaulting Lenders), in the case of a Proposed Borrowing Base that would increase the Borrowing Base then in effect, or the Required
Lenders, in the case of a Proposed Borrowing Base that would decrease or maintain the Borrowing Base then in effect, have approved or deemed to have approved, as aforesaid, then the Proposed Borrowing Base shall become the Borrowing Base, effective
on the date specified in Section 2.07(d). If, however, at the end of such fifteen (15) day period, all of the Lenders (other than Defaulting Lenders) or the Required Lenders, as applicable, have not approved or deemed
to have approved the Proposed Borrowing Base as indicated above, then the Administrative Agent shall promptly thereafter poll the Lenders to ascertain the highest Borrowing Base then acceptable to all of the Lenders (in the case of any increase to
the Borrowing Base) or a number of Lenders sufficient to constitute the Required Lenders (in any other case) and such amount shall become the new Borrowing Base, effective on the date specified in Section 2.07(d). 

(d) Effectiveness of a Redetermined Borrowing Base. After a redetermined Borrowing Base is approved or is deemed to have
been approved by all of the Lenders (other than Defaulting Lenders) or the Required Lenders, as applicable, pursuant to Section 2.07(c)(iii), the Administrative Agent shall notify the Borrower and the Lenders of the amount
of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Issuing Bank and the Lenders: 

(i) in the case of a Scheduled Redetermination, (A) if the Administrative Agent shall have received the Engineering
Reports required to be delivered by the Borrower pursuant to Section 8.12(a) and (c) in a timely and complete manner, then on or about April 1st or October 1st of each year, as applicable (or such later time as (x) the Borrower may agree upon request of the Administrative Agent or (y) the Majority Lenders may agree upon the request of the
Borrower), following such notice, or (B) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Section 8.12(a) and (c) in a timely
and complete manner, then on the Business Day next succeeding delivery of such New Borrowing Base Notice; and 
 (ii) in the
case of an Interim Redetermination, on the Business Day next succeeding delivery of such New Borrowing Base Notice. 
 Such
amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination Date or the next adjustment to the Borrowing Base under the Borrowing Base Adjustment Provisions, whichever occurs first.
Notwithstanding the foregoing, no Scheduled Redetermination or Interim Redetermination shall become effective until the New Borrowing Base Notice related thereto is received by the Borrower. 

  
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 (e) Borrowing Base Reductions. 

(i) Upon the issuance or incurrence of any Senior Unsecured Notes in accordance with Section 9.02(h),
the Borrowing Base then in effect shall be reduced by an amount equal to the product of 0.25 multiplied by the difference between (A) the stated principal amount of such Senior Unsecured Notes (without regard to any original issue
discount) and (B) the amount of proceeds of such issuance applied to repay any outstanding Senior Unsecured Notes, and the Borrowing Base as so reduced shall become the new Borrowing Base immediately upon the date of such issuance or
incurrence, effective and applicable to the Borrower, the Administrative Agent, the Issuing Banks and the Lenders on such date until the next redetermination or modification thereof hereunder. 

(ii) If the sum of (A) the Borrowing Base value of the aggregate of dispositions of Oil and Gas Properties and Equity
Interests (including Casualty Events in respect of Oil and Gas Properties with Proved Reserves attributable thereto) occurring in any period between Scheduled Redeterminations, plus (B) the Borrowing Base value of Swap Liquidations
(unless novated or assigned to a counterparty with equal or better creditworthiness or replaced with positions or contracts of comparable value) occurring in the same period exceeds 5% of the then effective Borrowing Base, then the Borrowing Base
shall be reduced in an amount of the Borrowing Base value or attributed value of such dispositions or Casualty Events in respect of Oil and Gas Properties with Proved Reserves attributable thereto and the Borrowing Base value given to such
terminated Swap Agreements as determined by the Administrative Agent. Any redetermination of the Borrowing Base pursuant to this Section 2.07(e) shall not be considered an Interim Redetermination requested by Administrative
Agent within the meaning of Section 2.07(b). 
 (iii) The Borrowing Base may be reduced as provided
in Section 8.13(c). 
 Section 2.08 Letters of Credit. 

(a) General. Subject to the terms and conditions set forth herein, the Borrower may request the issuance of dollar
denominated Letters of Credit for its own account or for the account of any other Loan Party, in a form reasonably acceptable to the Administrative Agent and the applicable Issuing Bank, at any time and from time to time during the period from the
Effective Date until the day which is five (5) Business Days prior to the end of the Availability Period; provided that the Borrower may not request the issuance, amendment, renewal or extension of Letters of Credit hereunder if a
Borrowing Base Deficiency exists at such time or would exist as a result thereof. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other
agreement submitted by the Borrower to, or entered into by the Borrower with, the applicable Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. 

  
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 (b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions.
To request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or fax (or transmit by electronic communication, if arrangements for doing so have been
approved by the applicable Issuing Bank) to the applicable Issuing Bank and the Administrative Agent (to be received no later than 10:00 a.m. Pittsburgh, Pennsylvania time five (5) Business Days, or such shorter period as may be agreed to
by the Issuing Bank, in advance of the requested date of issuance, amendment, renewal or extension) a notice: 
 (i)
requesting the issuance of a Letter of Credit or identifying the Letter of Credit to be amended, renewed or extended; 
 (ii)
specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day); 
 (iii) specifying the
date on which such Letter of Credit is to expire (which shall comply with Section 2.08(c)); 
 (iv)
specifying the amount of such Letter of Credit; 
 (v) specifying the name and address of the beneficiary thereof and such
other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit; and 
 (vi) specifying the
amount of the then effective Borrowing Base and whether a Borrowing Base Deficiency exists at such time, the current total Revolving Credit Exposures (without regard to the requested Letter of Credit or the requested amendment, renewal or extension
of an outstanding Letter of Credit) and the pro forma total Revolving Credit Exposures (giving effect to the requested Letter of Credit or the requested amendment, renewal or extension of an outstanding Letter of Credit). 

Each notice shall constitute a representation that after giving effect to the requested issuance, amendment, renewal or
extension, as applicable, (i) the LC Exposure shall not exceed the LC Commitment and (ii) the total Revolving Credit Exposures shall not exceed the total Commitments (i.e. the lesser of the Aggregate Maximum Credit Amounts and the then
effective Borrowing Base). 
 If requested by the applicable Issuing Bank, the Borrower also shall submit a letter of credit
application on the Issuing Bank’s standard form in connection with any request for a Letter of Credit and shall guarantee the reimbursement of any Letter of Credit issued hereunder. 

  
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 (c) Expiration Date. Each Letter of Credit shall expire at or prior to the
close of business on the earlier of (i) the date one year after the date of the issuance of such Letter of Credit or, if a Letter of Credit is issued in favor of the Texas Railroad Commission (the “Specified L/Cs”), the date
fifteen months after the date of issuance of such Letter of Credit (or, in the case of any renewal or extension of a Letter of Credit, one year or, in the case of the Specified L/Cs, fifteen (15) months after such renewal or extension), in each
case unless consented to by the relevant Issuing Bank and the Administrative Agent, and (ii) the date that is five Business Days prior to the Maturity Date; provided, however, that any Letter of Credit with a
one-year maturity date may, upon the request of the Borrower, include a provision whereby such Letter of Credit shall be renewed automatically for additional consecutive periods of 12 months or less (but not
beyond the date that is five Business Days prior to the Maturity Date) unless the Issuing Bank notifies the beneficiary thereof at least thirty days (or such longer period as may be specified in such Letter of Credit) prior to the then-applicable
expiration date that such Letter of Credit will not be renewed. 
 (d) Participations. By the issuance of a Letter of
Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further action on the part of the applicable Issuing Bank or the Lenders, such Issuing Bank hereby grants to each Lender, and each Lender hereby acquires
from such Issuing Bank, a participation in such Letter of Credit equal to such Lender’s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each
Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of such Issuing Bank, such Lender’s Applicable Percentage of each LC Disbursement made by such Issuing Bank and not reimbursed by the
Borrower on the date due as provided in Section 2.08(e), or of any reimbursement payment required to be refunded to the Borrower for any reason. Each Lender acknowledges and agrees that its obligation to acquire
participations pursuant to this Section 2.08(d) in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any
Letter of Credit or the occurrence and continuance of a Default, the existence of a Borrowing Base Deficiency or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or
reduction whatsoever. 
 (e) Reimbursement. If an Issuing Bank shall make any LC Disbursement in respect of a Letter
of Credit, the Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement not later than 2:00 p.m., Pittsburgh, Pennsylvania time, on the Business Day immediately following the
later of the Business Day on which such LC Disbursement is made and the Business Day the Borrower receives notice thereof; provided that, unless the Borrower has notified the relevant Issuing Bank and Administrative Agent that it will, and
does, reimburse such LC Disbursement by the required date and time, the Borrower shall, subject to the conditions to Borrowing set forth herein, be deemed to have requested, and the Borrower does hereby request under such circumstances, that such
payment be financed with a Base Rate Borrowing in an equivalent amount and, to the extent so financed, the Borrower’s obligation to make such payment shall be discharged and 

  
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replaced by the resulting Base Rate Borrowing. If the Borrower fails to make such payment when due, the Administrative Agent shall notify each Lender of the applicable LC Disbursement, the
payment then due from the Borrower in respect thereof and such Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Lender shall pay to the Administrative Agent its Applicable Percentage of the payment then
due from the Borrower, in the same manner as provided in Section 2.05 with respect to Loans made by such Lender (and Section 2.05 shall apply, mutatis mutandis, to the payment obligations of the
Lenders), and the Administrative Agent shall promptly pay to the applicable Issuing Bank the amounts so received by it from the Lenders. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this
Section 2.08(e), the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that Lenders have made payments pursuant to this Section 2.08(e) to
reimburse the applicable Issuing Bank, then to such Lenders and the Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to this section to reimburse the Issuing Bank for any LC Disbursement (other than the funding of
Base Rate Loans as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement. 

(f) Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements as provided in
Section 2.08(e) shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any
lack of validity or enforceability of any Letter of Credit, any Letter of Credit Agreement or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent
or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by an Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of
such Letter of Credit or any Letter of Credit Agreement, or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section 2.08(f),
constitute a legal or equitable discharge of, or provide a right of setoff against, the Borrower’s obligations hereunder. Neither the Administrative Agent, the Lenders nor any Issuing Bank, nor any of their Related Parties shall have any
liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding
sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any
error in interpretation of technical terms or any consequence arising from causes beyond the control of any Issuing Bank; provided that the foregoing shall not be construed to excuse the applicable Issuing Bank from liability to the Borrower
to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by such Issuing Bank’s
failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of

  
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gross negligence or willful misconduct on the part of the applicable Issuing Bank (as finally determined by a court of competent jurisdiction), such Issuing Bank shall be deemed to have exercised
all requisite care in each such determination. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with
the terms of a Letter of Credit, an Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to
accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 

(g) Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all
documents purporting to represent a demand for payment under a Letter of Credit. The applicable Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by fax or other electronic transmission) of such
demand for payment and whether the Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the applicable
Issuing Bank and the Lenders with respect to any such LC Disbursement. 
 (h) Interim Interest. If an Issuing Bank
shall make any LC Disbursement, then, until the Borrower shall have reimbursed such Issuing Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e)), the unpaid amount thereof shall
bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Base Rate Loans. Interest accrued pursuant to
this Section 2.08(h) shall be for the account of such Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse such Issuing
Bank shall be for the account of such Lender to the extent of such payment. 
 (i) Replacement of an Issuing Bank. An
Issuing Bank may be replaced at any time by written agreement among the Borrower, the Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of the
Issuing Bank. At the time any such replacement shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 3.05(b). From and after the effective
date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of the replaced Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein
to the term “Issuing Bank” shall also be deemed to refer to such successor. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations
of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit. 

  
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 (j) Cash Collateralization. 

(i) If any Event of Default shall occur and be continuing and the Borrower receives notice from the Administrative Agent or the
Majority Lenders demanding the deposit of cash collateral pursuant to this Section 2.08(j), then the Borrower shall deposit, in an account with the Administrative Agent, in the name of the Administrative Agent and for the
benefit of the Secured Parties, an amount in cash equal to the LC Exposure. If the Borrower is required to pay to the Administrative Agent the excess attributable to an LC Exposure in connection with any prepayment pursuant to
Section 3.04(c), the Borrower shall deposit in such an account an amount equal to the amount of such excess as provided in Section 3.04(c), as of such date plus any accrued and unpaid interest
thereon. The obligation to deposit such cash collateral pursuant to the two preceding sentences shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the
occurrence of any Event of Default with respect to the Borrower or any Subsidiary described in Section 10.01(h) or Section 10.01(i). 

(ii) At any time that there shall exist a Defaulting Lender, within one Business Day following the written request of the
Administrative Agent or any Issuing Bank (with a copy to the Administrative Agent) the Borrower shall Cash Collateralize the Issuing Banks’ Fronting Exposure with respect to such Defaulting Lender (determined after giving effect to
Section 4.05(a)(iv) and any Cash Collateral provided by such Defaulting Lender) in an amount not less than the Minimum Collateral Amount. 

(A) Grant of Security Interest. The Borrower, and to the extent provided by any Defaulting Lender, such Defaulting
Lender, hereby grants to the Administrative Agent, for the benefit of the Issuing Banks, and agrees to maintain, a first priority security interest in all such Cash Collateral as security for the Defaulting Lenders’ LC Exposure, to be applied
pursuant to clause (b) below. If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent and the Issuing Banks as herein provided, or that the total
amount of such Cash Collateral is less than the Minimum Collateral Amount, the Borrower will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to
eliminate such deficiency (after giving effect to any Cash Collateral provided by the Defaulting Lender). 
 (B)
Application. Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under this Section 2.08(j) or Section 4.05 in respect of Letters of Credit shall
be applied to the satisfaction of the Defaulting Lender’s LC Exposure (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) for which the Cash Collateral was so provided, prior to any other
application of such property as may otherwise be provided for herein. 

  
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 (C) Termination of Requirement. Cash Collateral (or the appropriate
portion thereof) provided to reduce any Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.08(j) following (i) the elimination of the applicable
Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender) or (ii) the determination by the Administrative Agent and each Issuing Bank that there exists excess Cash Collateral; provided that,
subject to Section 4.05 the Person providing Cash Collateral and each Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations and provided
further that to the extent that such Cash Collateral was provided by the Borrower, such Cash Collateral shall remain subject to the security interest granted pursuant to the Loan Documents. 

ARTICLE III 

PAYMENTS OF PRINCIPAL AND INTEREST; PREPAYMENTS; FEES 

Section 3.01 Repayment of Loans. The Borrower hereby unconditionally promises to pay to the
Administrative Agent for the account of each Lender the then unpaid principal amount of each Loan on the Termination Date. 
 
Section 3.02 Interest. 
 (a) Base Rate Loans. The Loans comprising each Base Rate Borrowing shall
bear interest at the Base Rate plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate. 
 (b) LIBOR
Rate Loans. The Loans comprising each LIBOR Rate Borrowing shall bear interest at the LIBOR Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin, but in no event to exceed the Highest Lawful Rate. 

(c) Post-Default Rate. Notwithstanding the foregoing, if any principal
of, or interest on, any Loan or any fee or other amount payable by the Borrower or any Guarantor hereunder or under any other Loan Document is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall
bear interest, after as well as before judgment, at a rate per annum equal to two percent (2.0%) plus the rate applicable to Base Rate Loans as provided in Section 3.02(a) but in no event to exceed the Highest Lawful Rate.
Notwithstanding the foregoing, (i) if an Event of Default under Sections 10.01(a), (b), (h) or (i) has occurred and is continuing or (ii) upon the agreement of the Majority Lenders, if
any Event of Default (other than as specified in clause (i)) has occurred and is continuing, Loans outstanding at such time and, to the extent permitted by applicable law, any due and unpaid interest payments on the Loans or any fees or other
amounts due and owing hereunder (other than default interest occurring under this Section 3.02(c)) shall bear interest, after as well as before judgment, at the rate then applicable to such Loans (including the Applicable
Margin) plus an additional two percent (2.0%), but in no event to exceed the Highest Lawful Rate. 

  
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 (d) Interest Payment Dates. Accrued interest on each Loan shall be payable
in arrears on each Interest Payment Date for such Loan and on the Termination Date; provided that (i) interest accrued pursuant to Section 3.02(c) shall be payable on demand, (ii) in the event of any
repayment or prepayment of any Loan (other than an optional prepayment of a Base Rate Loan prior to the Termination Date), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment, and
(iii) in the event of any conversion of any LIBOR Rate Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 

(e) Interest Rate Computations. All interest hereunder shall be computed on the basis of a year of 360 days unless
such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), except that interest computed by reference to the Base Rate at times when the
Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last
day). The applicable Base Rate or LIBOR Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error, and be binding upon the parties hereto. 

Section 3.03 Alternate Rate of Interest. If prior to the commencement of any Interest Period for
a LIBOR Rate Borrowing: 
 (a) the Administrative Agent determines (which determination shall be conclusive absent manifest
error) that adequate and reasonable means do not exist for ascertaining the LIBOR Rate for such Interest Period; or 
 (b)
the Administrative Agent is advised by the Majority Lenders that the LIBOR Rate, as applicable, for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing
for such Interest Period; 
 then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or fax as promptly as
practicable thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Borrowing
to, or continuation of any Borrowing as, a LIBOR Rate Borrowing shall be ineffective (and such Borrowing shall be automatically converted into Base Rate Loans on the last day of the applicable Interest Period), and (ii) if any Borrowing Request
requests a LIBOR Rate Borrowing, such Borrowing shall be made either as a Base Rate Borrowing or at an alternate rate of interest determined by the Majority Lenders as their cost of funds. 

  
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 Section 3.04 Prepayments. 

(a) Optional Prepayments. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in
whole or in part, subject to prior notice in accordance with Section 3.04(b). 
 (b) Notice and
Terms of Optional Prepayment. The Borrower shall notify the Administrative Agent by telephone (confirmed by fax or other electronic transmission) of any prepayment hereunder (i) in the case of prepayment of a LIBOR Rate Borrowing, not later
than 1:00 p.m., Pittsburgh, Pennsylvania time, three Business Days before the date of prepayment, or (ii) in the case of prepayment of a Base Rate Borrowing, not later than 1:00 p.m., Pittsburgh, Pennsylvania time, at least one
Business Day prior to the date of prepayment. Each such notice shall be irrevocable and shall specify (i) the prepayment date, and (ii) the principal amount of each Borrowing or portion thereof to be prepaid, which shall not be less than
the lesser of (x) the Revolving Credit Exposure or (y) $5,000,000 for any Loan; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by
Section 2.06(b), then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.06(b). Promptly following receipt of any such notice relating to
a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in
Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by
Section 3.02 and any amounts due under Section 5.02. 
 (c) Mandatory
Prepayments. 
 (i) Upon Optional Terminations and Reductions. If, after giving effect to any termination or
reduction of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b), there is a Borrowing Base Deficiency, then the Borrower shall (A) prepay the Borrowings on the date of such termination or reduction in an
aggregate principal amount equal to such Borrowing Base Deficiency, and (B) if any Borrowing Base Deficiency remains after prepaying all of the Borrowings as a result of LC Exposure, Cash Collateralize such remaining deficiency as provided in
Section 2.08(j). The Borrower shall be obligated to make such prepayment and/or deposit of Cash Collateral substantially concurrently with the effectiveness of such termination or reduction 

(ii) Upon Redeterminations, Title Related Adjustments, Etc. Upon any redetermination of the Borrowing Base pursuant to
Section 2.07(b) or adjustment to the amount of the Borrowing Base in accordance with Section 8.13(c), if there is a Borrowing Base Deficiency, then, after receiving notice from the Administrative
Agent by means of (x) a New Borrowing Base Notice or (y) written notice of adjustment pursuant to Section 8.13(c), in each case, of such Borrowing Base Deficiency (such date of receipt of notice, the
“Deficiency Notification Date”),the Borrower shall, within ten (10) days of the Deficiency Notification Date inform the Administrative Agent of the Borrower’s election to: 

(A) within thirty (30) days of the date such election is made, (1) prepay the Loans in an aggregate principal amount
equal to such Borrowing Base Deficiency and (2) if any Borrowing Base Deficiency remains after prepaying all of the Loans as a result of any LC Exposure, Cash Collateralize such excess as provided in Section 2.08(j),

  
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 (B) prepay the Loans in six (6) equal monthly installments, commencing on
the thirtieth (30th) day following the Deficiency Notification Date with each payment being equal to 1/6th of the aggregate principal amount of
such excess (as such Borrowing Base Deficiency may be reduced during such six-month period as a result of a Borrowing Base re-determination or other adjustment of the
Borrowing Base described herein), 
 (C) within sixty (60) days of the date such election is made, provide additional
collateral in the form of additional Oil and Gas Properties not evaluated in the most recently delivered Reserve Report or other collateral reasonably acceptable to the Administrative Agent having a Borrowing Base value (as proposed by the
Administrative Agent and approved by the Required Lenders) sufficient, after giving effect to any other actions taken pursuant to this Section 3.04(c) to eliminate any such excess, or 

(D) undertake a combination of clauses (A), (B) and (C). 

provided that, notwithstanding the options set forth above, in all cases, the Borrowing Base Deficiency must be
eliminated on or prior to the Termination Date. If, because of LC Exposure, a Borrowing Base Deficiency remains after prepaying all of the Loans, the Borrower shall Cash Collateralize such remaining Borrowing Base Deficiency as provided in
Section 2.08(j). 
 (iii) Upon Certain Adjustments. If there is a Borrowing Base Deficiency
as a result of a Borrowing Base adjustment pursuant to the Borrowing Base Adjustment Provisions (other than Section 8.13(c)), then on the next Business Day after the occurrence of such Borrowing Base adjustment, the
Borrower shall prepay Borrowings in an aggregate principal amount equal to such Borrowing Base Deficiency and if any Borrowing Base Deficiency remains as a result of LC Exposure, pay to Administrative Agent an amount equal to such remaining
Borrowing Base Deficiency to be held as cash collateral as provided in Section 2.08(j). 
 (iv)
Application of Prepayments to Types of Borrowings. Each prepayment of Borrowings pursuant to this Section 3.04(c) shall be applied, first, ratably to any Base Rate Borrowings then outstanding, and, second, ratably to
any 

  
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LIBOR Rate Borrowings then outstanding, and if more than one LIBOR Rate Borrowing is then outstanding, to each such LIBOR Rate Borrowing in order of priority beginning with the LIBOR Rate
Borrowing with the least number of days remaining in the Interest Period applicable thereto and ending with the LIBOR Rate Borrowing with the most number of days remaining in the Interest Period applicable thereto. 

(v) Interest to be Paid with Prepayments. Prepayments pursuant to this Section 3.04(c) shall
be accompanied by accrued interest to the extent required by Section 3.02. 
 (d) No Premium or
Penalty. Prepayments permitted or required under this Section 3.04 shall be without premium or penalty, except as required under Section 5.02. 

Section 3.05 Fees. 

(a) Commitment Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Lender (other than a
Defaulting Lender to the extent set forth in Section 4.05) a commitment fee, which shall accrue at the applicable Commitment Fee Rate on the average daily amount of the unused amount of the Commitment of such Lender
(determined taking into account both Loans and LC Exposure) during the period from and including the date of this Agreement to but excluding the Termination Date. Accrued commitment fees shall be payable in arrears on the last Business Day of March,
June, September and December of each year and on the Termination Date, commencing on the first such date to occur after the date hereof. All commitment fees shall be computed on the basis of a year of 360 days, unless such computation would
exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and shall be payable for the actual number of days elapsed (including the first day but excluding the
last day). 
 (b) Letter of Credit Fees. The Borrower agrees to pay (i) to the Administrative Agent for the
account of each Lender (other than a Defaulting Lender to the extent set forth in Section 4.05) a participation fee with respect to its participations in Letters of Credit, which shall accrue at the same Applicable Margin
used to determine the interest rate applicable to LIBOR Rate Loans (as such rate may be increased pursuant to Section 3.02(c)) on the average daily amount of such Lender’s LC Exposure (excluding any portion thereof
attributable to unreimbursed LC Disbursements that has been funded by such Lender) during the period from and including the date of this Agreement to but excluding the later of the date on which such Lender’s Commitment terminates and the date
on which such Lender ceases to have any LC Exposure, (ii) to each applicable Issuing Bank a fronting fee, which shall accrue at the rate per annum agreed to between such Issuing Bank and Borrower on the average daily amount of the LC Exposure
attributable to such Issuing Bank (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the date of this Agreement to but excluding the later of the date of termination of the Commitments
and the date on which there ceases to be any LC Exposure and (iii) to each Issuing Bank, for 

  
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its own account, its standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation fees and fronting fees
accrued through and including the last Business Day of March, June, September and December of each year shall be payable on such last Business Day, commencing on the first such date to occur after the date of this Agreement; provided that all
such fees shall be payable on the Termination Date and any such fees accruing after the Termination Date shall be payable on demand. Any other fees payable to any Issuing Bank pursuant to this Section 3.05(b) shall be
payable within 10 days after demand. All participation fees and fronting fees shall be computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on
the basis of a year of 365 days (or 366 days in a leap year), and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 

(c) Administrative Agent Fees. The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable
in the amounts and at the times separately agreed upon between the Borrower and the Administrative Agent. 

ARTICLE IV 

PAYMENTS; PRO RATA TREATMENT; SHARING OF SET-OFFS 

Section 4.01 Payments Generally; Pro Rata Treatment; Sharing of Set-offs. 
 (a) Payments by the Borrower. The Borrower shall make each payment
required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 5.01, Section 5.02,
Section 5.03 or otherwise) prior to 11:00 a.m., Pittsburgh, Pennsylvania time, on the date when due, in immediately available funds, without defense, deduction, recoupment,
set-off or counterclaim. Fees, once paid, shall be fully earned and shall not be refundable under any circumstances. Any amounts received after such time on any date may, in the discretion of the
Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at its offices specified in
Section 12.01, except payments to be made directly to the applicable Issuing Bank as expressly provided herein and except that payments pursuant to Section 5.01,
Section 5.02, Section 5.03 and Section 12.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received
by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding
Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in dollars. 

(b) Application of Insufficient Payments. If at any time insufficient funds are received by and available to the
Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder,

  
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ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC
Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due to such parties. 

(c) Sharing of Payments by Lenders. If any Lender shall, by exercising any right of
set-off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans or participations in LC Disbursements resulting in such Lender receiving payment of a greater
proportion of the aggregate amount of its Loans and participations in LC Disbursements and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face
value) participations in the Loans and participations in LC Disbursements of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal
of and accrued interest on their respective Loans and participations in LC Disbursements; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such
participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this Section 4.01(c) shall not be construed to apply to any payment made by
the Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements to
any assignee or participant, other than to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this Section 4.01(c) shall apply). The Borrower consents to the foregoing and agrees, to the
extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of set-off and counterclaim with
respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 
 
Section 4.02 Presumption of Payment by the Borrower. Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the
Lenders and/or any applicable Issuing Bank that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption,
distribute to the Lenders and/or any applicable Issuing Bank, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders and/or any applicable Issuing Bank, as the case may be,
severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the
date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

Section 4.03 Certain Deductions by the Administrative Agent. If any Lender shall fail to make
any payment required to be made by it pursuant to Section 2.05(a), Section 2.08(d), 

  
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Section 2.08(e) or Section 4.02 then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any
amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. If at any time prior to the acceleration or
maturity of the Loans, the Administrative Agent shall receive any payment in respect of principal of a Loan or a reimbursement of an LC Disbursement while one or more Defaulting Lenders shall be party to this Agreement, the Administrative Agent
shall apply such payment first to the Borrowing(s) for which such Defaulting Lender(s) shall have failed to fund its pro rata share until such time as such Borrowing(s) are paid in full or each Lender (including each Defaulting Lender) is owed its
Applicable Percentage of all Loans then outstanding. After acceleration or maturity of the Loans, all principal will be paid ratably as provided in Section 10.02(c). 

Section 4.04 Disposition of Proceeds. The Security Instruments contain an assignment by the
Borrower and/or the Guarantors unto and in favor of the Administrative Agent for the benefit of the Secured Parties of all of the Borrower’s or each Guarantor’s interest in and to production and all proceeds attributable thereto which may
be produced from or allocated to the Mortgaged Property. The Security Instruments further provide in general for the application of such proceeds to the satisfaction of the Secured Obligations and other obligations described therein and secured
thereby. Notwithstanding the assignment contained in such Security Instruments, until the occurrence of an Event of Default, (a) the Administrative Agent agrees that it will neither notify the purchaser or purchasers of such production nor take
any other action to cause such proceeds to be remitted to the Administrative Agent, but the Administrative Agent will instead permit such proceeds to be paid to the Borrower and its Subsidiaries and (b) the Lenders hereby authorize the
Administrative Agent to take such actions as may be necessary to cause such proceeds to be paid to the Borrower and/or such Subsidiaries. 

Section 4.05 Defaulting Lenders. 

(a) Defaulting Lender Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes
a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 

(i) Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or
consent with respect to this Agreement shall be restricted as set forth in the definition of Required Lenders. 
 (ii)
Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to
Article X or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 12.08 shall be applied at such time or times as may be determined by the Administrative
Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any Issuing Bank
hereunder; third, to Cash 

  
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Collateralize the Issuing Banks’ Fronting Exposure with respect to such Defaulting Lender in accordance with Section 2.08(j); fourth, as the Borrower may
request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent;
fifth, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans
under this Agreement and (y) Cash Collateralize the Issuing Banks’ future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with
Section 2.08(j); sixth, to the payment of any amounts owing to the Lenders or the Issuing Bank as a result of any judgment of a court of competent jurisdiction obtained by any Lender or the Issuing Banks against such
Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction
obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent
jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or LC Disbursements in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were
made or the related Letters of Credit were issued at a time when the conditions set forth in Section 6.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and LC Disbursements owed to, all
non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or LC Disbursements owed to, such Defaulting Lender until such time as all Loans and LC Exposure is held by the
Lenders pro rata in accordance with the Commitments under the applicable facility without giving effect to Section 4.05(a)(iv). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are
applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 4.05(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably
consents hereto. 
 (iii) Certain Fees. 

(A) No Defaulting Lender shall be entitled to receive any commitment fee pursuant to Section 3.05(a)
for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender). 

(B) Each Defaulting Lender shall be entitled to receive letter of credit fees pursuant to
Section 3.05(b) for any period during which that Lender is a Defaulting Lender only to the extent allocable to its LC Exposure for which it has provided Cash Collateral pursuant to Section 2.08(j).

  
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 (C) With respect to any fee not required to be paid to any Defaulting Lender
pursuant to clause (A) or (B) above, the Borrower shall (x) pay to each non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such
Defaulting Lender’s LC Exposure that has been reallocated to such non-Defaulting Lender pursuant to clause (iv) below, (y) pay to each Issuing Bank the amount of any such fee otherwise payable
to such Defaulting Lender to the extent allocable to such Issuing Bank’s Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount of any such fee. 

(iv) Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s LC
Exposure shall be reallocated among the non-Defaulting Lenders in accordance with their respective Applicable Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the
extent that (x) the conditions set forth in Section 6.02 are satisfied at the time of such reallocation (and, unless the Borrower shall have otherwise notified the Administrative Agent at such time, the Borrower shall
be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause the aggregate Revolving Credit Exposure of any non-Defaulting Lender
to exceed such non-Defaulting Lender’s Commitment. No reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender
having become a Defaulting Lender, including any claim of a non-Defaulting Lender as a result of such non-Defaulting Lender’s increased exposure following such
reallocation. 
 (v) Cash Collateral. If the reallocation described in clause (iv) above cannot, or can only
partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, Cash Collateralize the Issuing Banks’ Fronting Exposure in accordance with the procedures set forth in
Section 2.08(j). 
 (b) Defaulting Lender Cure. If the Borrower, the Administrative Agent
and each Issuing Bank agree in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth
therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent
may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit to be held pro rata by the Lenders in accordance with the Commitments (without giving effect to
Section 4.05(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or

  
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payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected
parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

(c) New Letters of Credit. So long as any Lender is a Defaulting Lender, no Issuing Bank shall be required to issue,
extend, renew or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. 
 
ARTICLE V 
 INCREASED COSTS; BREAK FUNDING PAYMENTS; TAXES 

Section 5.01 Increased Costs. 

(a) Increased Costs Generally. If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement
against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the LIBOR Rate) or any Issuing Bank; 

(ii) subject any Credit Party to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b)
through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable
thereto; or 
 (iii) impose on any Lender or any Issuing Bank or the London interbank market any other condition, cost or
expense (other than Taxes) affecting this Agreement or Loans made by such Lender or any Letter of Credit or participation therein; 
 and
the result of any of the foregoing shall be to increase the cost to such Lender or such other Credit Party of making, converting to, continuing or maintaining any Loan or of maintaining its obligation to make any such Loan, or to increase the cost
to such Lender, such Issuing Bank or other Credit Party of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit) or to reduce the amount of any sum
received or receivable by such Lender or such other Credit Party (whether of principal, interest or any other amount), then, upon request of such Lender, Issuing Bank or other Credit Party, the Borrower will pay to such Lender or such other Credit
Party such additional amount or amounts as will compensate such Lender or such other Credit Party for such additional costs incurred or reduction suffered. 

(b) Capital and Liquidity Requirements. If any Lender or Issuing Bank determines that any Change in Law affecting such
Lender or Issuing Bank or any lending office of such Lender or such Lender’s or Issuing Bank’s holding company, if any, 

  
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regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s or Issuing Bank’s capital or on the capital of such
Lender’s or Issuing Bank’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by
any Issuing Bank, to a level below that which such Lender or Issuing Bank or such Lender’s or Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or Issuing
Bank’s policies and the policies of such Lender’s or Issuing Bank’s holding company with respect to capital adequacy or liquidity), then from time to time the Borrower will pay to such Lender or Issuing Bank, as the case may be, such
additional amount or amounts as will compensate such Lender or Issuing Bank or such Lender’s or Issuing Bank’s holding company for any such reduction suffered. 

(c) Certificates for Reimbursement. A certificate of a Lender or Issuing Bank setting forth the amount or amounts
necessary to compensate such Lender or Issuing Bank or its holding company, as the case may be, as specified in Section 5.01(a) or (b) shall be delivered to the Borrower and shall be conclusive absent manifest
error. The Borrower shall pay such Lender or Issuing Bank, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof. 

(d) Delay in Requests. Failure or delay on the part of any Lender or Issuing Bank to demand compensation pursuant to
this Section 5.01 shall not constitute a waiver of such Lender’s or Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender or Issuing Bank
pursuant to this Section 5.01 for any increased costs or reductions incurred more than nine months prior to the date that such Lender or Issuing Bank, as the case may be, notifies the Borrower of the Change in Law giving
rise to such increased costs or reductions and of such Lender’s or Issuing Bank’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the nine
month period referred to above shall be extended to include the period of retroactive effect thereof). 

Section 5.02 Break Funding Payments. In the event of (a) the payment of any principal of any LIBOR
Rate Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any LIBOR Rate Loan into a Base Rate Loan other than on the last day of the Interest Period
applicable thereto, (c) the failure to borrow, convert, continue or prepay any LIBOR Rate Loan on the date specified in any notice delivered pursuant hereto, or (d) the assignment of any LIBOR Rate Loan other than on the last day of the
Interest Period applicable thereto as a result of a request by the Borrower pursuant to Section 5.04 then, in any such event, the Borrower shall compensate each Lender for the loss, cost and expense attributable to such
event. In the case of a LIBOR Rate Loan, such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the principal
amount of such Loan had such event not occurred, at the LIBOR Rate that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to
borrow, convert or continue, for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest rate which such Lender would bid
were it to bid, at the commencement of such period, for dollar deposits of a comparable amount and period from other banks in the eurodollar market. 

  
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 A certificate of any Lender setting forth any amount or amounts that such Lender
is entitled to receive pursuant to this Section 5.02 and demonstrating, in reasonable detail, the computation of such amount or amounts shall be delivered to the Borrower and shall be conclusive absent manifest error. The
Borrower shall pay such Lender the amount shown as due on any such certificate within 10 
days after receipt thereof. 
 Section 5.03 Taxes. 

(a) Defined Terms. For purposes of this Section 5.03, Section 5.04
and Section 5.05, the term “Lender” includes any Issuing Bank and the term “applicable law” includes FATCA. 

(b) Payments Free of Taxes. Any and all payments by or on account of any obligation of any Loan Party under any Loan
Document shall be made without deduction or withholding for any Taxes, except as required by applicable law. If any applicable law (as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding
of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority
in accordance with applicable law and, if such Tax is an Indemnified Tax, then the sum payable by the applicable Loan Party shall be increased as necessary so that, after such deduction or withholding has been made (including such deductions and
withholdings applicable to additional sums payable under this Section 5.03), the applicable Credit Party receives an amount equal to the sum it would have received had no such deduction or withholding been made. 

(c) Payment of Other Taxes by the Loan Parties. The Loan Parties shall timely pay to the relevant Governmental Authority
in accordance with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes. 

(d) Indemnification by the Loan Parties. The Loan Parties shall jointly and severally indemnify each Credit Party,
within 10 days after written demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 5.03) payable or paid
by such Credit Party or required to be withheld or deducted from a payment to such Credit Party and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or
asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on
behalf of a Lender, shall be conclusive absent manifest error. 

  
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 (e) Indemnification by the Lenders. Each Lender shall severally indemnify
the Administrative Agent, within 10 days after demand therefor, for (i) any Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Taxes and without
limiting the obligation of the Loan Parties to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 12.04(c) relating to the maintenance of a Participant Register,
and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or
not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest
error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any other source
against any amount due to the Administrative Agent under this paragraph (e). 
 (f) Evidence of Payments. As soon as
practicable after any payment of Taxes by any Loan Party to a Governmental Authority pursuant to this Section 5.03, such Loan Party shall deliver to the Administrative Agent the original or a certified copy of a receipt
issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(g) Status of Lenders. (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with
respect to payments made under any Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation
reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender shall deliver such other documentation prescribed by applicable
law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements.
Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 5.03(g)(ii)(A), (ii)(B) and
(ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or
commercial position of such Lender. 
 (i) Without limiting the generality of the foregoing, in the event that the Borrower
is a U.S. Borrower 
 (A) any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or
prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals or copies of IRS Form W-9 (or any successor form) certifying that such Lender is exempt from U.S. federal backup withholding tax; 

  
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 (B) any Non-U.S. Lender shall, to the
extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Non-U.S.
Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), whichever of the following is applicable: 

(1) in the case of a Non-U.S. Lender claiming the benefits of an income tax treaty to
which the United States is a party (x) with respect to payments of interest under any Loan Document, executed originals or copies of IRS Form W-8BEN-E (or any
successor form) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS
Form W-8BEN-E (or any successor form) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or
“other income” article of such tax treaty; 
 (2) executed originals or copies of IRS Form W-8ECI (or any successor form); 
 (3) in the case of a
Non-U.S. Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit H-1 to the effect that such Non-U.S. Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder”
of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed
originals or copies of IRS Form W-8BEN (or any successor form); or 
 (4) to the
extent a Non-U.S. Lender is not the beneficial owner, executed originals or copies of IRS Form W-8IMY(or any successor form), accompanied by IRS Form W-8ECI (or any successor form), IRS Form W-8BEN-E (or any successor form), a U.S. Tax Compliance Certificate substantially in the form
of Exhibit H-2 or Exhibit H-3, IRS Form W-9, and/or other
certification documents from each beneficial owner, as applicable; provided that if the Non-U.S. Lender is a partnership and one or 

  
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more direct or indirect partners of such Non-U.S. Lender are claiming the portfolio interest exemption, such
Non-U.S. Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-4 on behalf of each such direct and
indirect partner; 
 (C) any Non-U.S. Lender shall, to the extent it is legally
entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Non-U.S. Lender becomes a Lender
under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals or copies of any other form prescribed by applicable law as a basis for claiming exemption from or a
reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to
be made; and 
 (D) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax
imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the
Administrative Agent, at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent, such documentation prescribed by applicable law (including as prescribed by
Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under
FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include
any amendments made to FATCA after the date of this Agreement. 
 Each Lender agrees that if any form or certification it
previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 

(h) Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has
received a refund of any Taxes as to which it has been indemnified pursuant to this Section 5.03 (including by the payment of additional amounts pursuant to this Section 5.03), it shall pay to the
indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section 5.03 with respect to the Taxes giving rise to such refund), net of all

  
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out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest
paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (h) (plus any
penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph
(h), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (h) the payment of which would place the indemnified party in a less favorable net
after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the
indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes
that it deems confidential) to the indemnifying party or any other Person. 
 (i) Survival. Each party’s
obligations under this Section 5.03 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the
repayment, satisfaction or discharge of all obligations under any Loan Documents. 
 Section 5.04
Designation of Different Lending Office. If any Lender requests compensation under Section 5.01, or required the Borrower to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority
for the account of any Lender pursuant to Section 5.03, then such Lender shall (at the request of the Borrower) use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to
assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to
Section 5.01 or Section 5.03, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such
Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

Section 5.05 Replacement of Lenders. If any Lender requests compensation under
Section 5.01, or if the Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 5.03,
and, in each case, such Lender has declined or is unable to designate a different lending office in accordance with Section 5.04, or if any Lender is a Defaulting Lender, then the Borrower may, at its sole expense and
effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by,
Section 12.04(b)), all of its interests, rights (other than its existing rights to payments pursuant to Section 5.01 or Section 5.03) and obligations under this Agreement
and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) the Borrower shall have paid to the Administrative Agent the
assignment fee (if any) specified in Section 12.04, (ii) such Lender shall have received 

  
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payment of an amount equal to the outstanding principal of its Loans and participations in LC Disbursements, accrued interest thereon, accrued fees and all other amounts payable to it hereunder,
and under the other Loan Documents (including any amounts under Section 5.02), from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other
amounts), (iii) in the case of any such assignment resulting from a claim for compensation under Section 5.01 or payments required to be made pursuant to Section 5.03, such assignment will
result in a reduction in such compensation or payments, and (iv) such assignment does not conflict with applicable law. A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such
Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 
 
Section 5.06 Illegality. Notwithstanding any other provision of this Agreement, in the event that it becomes unlawful for any Lender or its applicable lending office to honor its obligation to make or maintain LIBOR Rate Loans either
generally or having a particular Interest Period hereunder, then (a) such Lender shall promptly notify the Borrower and the Administrative Agent thereof and such Lender’s obligation to make such LIBOR Rate Loans shall be suspended (the
“Affected Loans”) until such time as such Lender may again make and maintain such LIBOR Rate Loans and (b) all Affected Loans which would otherwise be made by such Lender shall be made instead as Base Rate Loans (and, if such
Lender so requests by notice to the Borrower and the Administrative Agent, all Affected Loans of such Lender then outstanding shall be automatically converted into Base Rate Loans on the date specified by such Lender in such notice) and, to the
extent that Affected Loans are so made as (or converted into) Base Rate Loans, all payments of principal which would otherwise be applied to such Lender’s Affected Loans shall be applied instead to its Base Rate Loans. 

ARTICLE VI 

CONDITIONS PRECEDENT 
 
Section 6.01 Effective Date. The obligations of the Lenders to make Loans and of the Issuing Banks to issue Letters of Credit hereunder shall not become effective until the date on which each of the following conditions is satisfied
(or waived in accordance with Section 12.02): 
 (a) The Administrative Agent shall have received
from each party hereto counterparts (in such number as may be requested by the Administrative Agent) of this Agreement signed on behalf of such party and duly executed Notes payable to each Lender that requested a Note. 

(b) The Administrative Agent shall have received from each party thereto duly executed counterparts (in such number as may be
requested by the Administrative Agent) of the Security Instruments, including the Guaranty Agreement, and except in cases where no signature is required, the other Security Instruments described on Exhibit F. In connection
with the execution and delivery of the Security Instruments, the Administrative Agent shall be reasonably satisfied that the Security Instruments create first priority Liens that may be perfected upon recordation of properly completed financing
statements and the Security Instruments in the appropriate filing offices therefor (except Liens permitted by Section 9.03 may exist) on at least 90% of the PV-9 of Proved Reserves evaluated in the most
recent Reserve Report. 

  
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 (c) The Administrative Agent shall have received a certificate of a Responsible
Officer of each Loan Party setting forth (i) resolutions of its board of directors or other appropriate governing body with respect to the authorization of such Loan Party to execute and deliver the Loan Documents to which it is a party and to
enter into the transactions contemplated in those documents, (ii) the officers of such Loan Party (y) who are authorized to sign the Loan Documents to which such Loan Party is a party and (z) who will, until replaced by another
officer or officers duly authorized for that purpose, act as its representative for the purposes of signing documents and giving notices and other communications in connection with this Agreement and the transactions contemplated hereby,
(iii) specimen signatures of such authorized officers, and (iv) the articles or certificate of incorporation and by-laws or other applicable Organizational Documents of such Loan Party, certified as
being true and complete. The Administrative Agent and the Lenders may conclusively rely on such certificate until the Administrative Agent receives notice in writing from such Loan to the contrary. 

(d) The Administrative Agent shall have received certificates of the appropriate State agencies, as requested by the
Administrative Agent, with respect to the existence, qualification and good standing of each Loan Party in each jurisdiction where any such Loan Party is organized or owns Borrowing Base Properties, except where the failure to so qualify could not
reasonably be expected to result in a Material Adverse Effect. 
 (e) The Administrative Agent shall have received a
certificate of a Responsible Officer of the Borrower in form and substance reasonably satisfactory to the Administrative Agent certifying that (i) all representations and warranties of the Loan Parties set forth in this Agreement are true and
correct in all material respects, (ii) no Event of Default or Default exists and (iii) no Material Adverse Effect has occurred since December 31, 2016. 

(f) The Administrative Agent shall have received (i) copies of the audited pro forma consolidated financial statements,
prepared in accordance with GAAP, of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2016, (ii) budget and pro forma projections (including a pro forma closing balance sheet, pro forma statements of operations and
cash flow) for the years 2017 through 2022 and quarterly projections through 2017 and yearly thereafter, including assumptions used in preparing the forecast financial statements, satisfactory to the Administrative Agent. 

(g) Each of the Borrower and its Subsidiaries shall have established its primary deposit and investment accounts with PNC Bank.

 (h) The Administrative Agent shall have received evidence that adequate insurance, if applicable, required to be
maintained in accordance with Section 7.12 is in full force and effect, with additional insured, mortgagee and lender loss payable special endorsements attached thereto in form and substance satisfactory to the
Administrative Agent and its counsel naming the Administrative Agent as additional insured, mortgagee, lender or loss payee, as applicable. 

  
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 (i) The Administrative Agent shall have received a certificate of a Responsible
Officer of the Borrower substantially in the form of Exhibit E certifying that, after giving effect to the Borrowings under this Agreement, the Borrower and the other Loan Parties, on a consolidated basis, are solvent. 

(j) The Administrative Agent shall have received the Initial Reserve Report accompanied by a certificate covering the matters
described in Section 8.12(c)(i)-(iii). 
 (k) The
Administrative Agent shall have received, at least five (5) days prior to the Effective Date, all documentation and other information previously requested and required by regulatory authorities under applicable “know your customer”
and anti-money laundering rules and regulations, including the USA Patriot Act. 

(l) The Administrative Agent shall have received an opinion of Haynes and Boone LLP, special counsel for the Loan Parties, in
form and of substance reasonably acceptable to the Administrative Agent. 
 (m) The Administrative Agent, the Arranger and
the Lenders shall have received all fees and other amounts required to be paid under this Agreement or the other Loan Documents due and payable on or prior to the Effective Date and, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder. 

(n) The Administrative Agent shall have received appropriate UCC search certificates reflecting no prior Liens encumbering the
Properties of the Borrower and the other Loan Parties other than those being released on or prior to the Effective Date or Liens permitted by Section 9.03. 

(o) The Administrative Agent shall have received title information as the Administrative Agent may reasonably require
satisfactory to the Administrative Agent setting forth the status of title to at least 80% of the PV-9 of the Borrowing Base Properties. 

(p) The Administrative Agent shall have received evidence that the that the Existing Credit Agreement has been, or concurrently
with the Effective Date is being, terminated and all Liens securing Debt under the Existing Credit Agreement have been, or concurrently with the Effective Date are being, released. 

(q) The Administrative Agent shall have received a certificate dated as of the date of this Agreement from a Responsible
Officer of the Borrower stating that the Business Combination Transaction has been consummated pursuant to the terms of the Business Combination Agreement and that attached thereto are true and complete copies of the Business Combination Agreement;

  
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 (r) The corporate, capital and ownership structure of the Borrower and its
Subsidiaries upon the Effective Date shall be reasonably satisfactory to Administrative Agent. 
 (s) The Administrative
Agent shall be satisfied that as of the Effective Date, after giving effect to the Transactions, the sum of (i) the amount by which the Borrowing Base exceeds the Revolving Credit Exposures of all Lenders and (ii) cash on hand of Borrower,
is not less than $60,000,000. 
 (t) Except as provided in Section 8.18, Administrative Agent shall
have received copies of any ISDA schedules and credit support annexes and any other agreements evidencing collateral arrangements with any approved counterparties, which shall be in form and substance reasonably acceptable to Administrative Agent.

 (u) The Administrative Agent shall have received such other certificates, documents, instruments and agreements as the
Administrative Agent shall reasonably request in connection with the transactions contemplated by this Agreement and the other Loan Documents. 

The Administrative Agent shall notify the Borrower and the Lenders of the Effective Date, and such notice shall be conclusive
and binding. 
 Section 6.02 Each Credit Event. The obligation of each Lender to make a Loan
on the occasion of any Borrowing (including the initial funding), and of the Issuing Banks to issue, amend, renew or extend any Letter of Credit and the Effective Date, is subject to the satisfaction of the following conditions: 

(a) At the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of
such Letter of Credit, as applicable, no Default or Event of Default shall have occurred and be continuing. 
 (b) The
representations and warranties of the Borrower and the Guarantors set forth in this Agreement and in the other Loan Documents shall be true and correct in all material respects (unless already qualified by materiality in which case such applicable
representation and warranty shall be true and correct) on and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable, except to the extent any such representations and
warranties are expressly limited to an earlier date, in which case, on and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable, such representations and warranties shall
continue to be true and correct in all material respects (unless already qualified by materiality in which case such applicable representation and warranty shall be true and correct) as of such specified earlier date. 

(c) The receipt by the Administrative Agent of a Borrowing Request in accordance with Section 2.03 or
a request for a Letter of Credit (or an amendment, extension or renewal of a Letter of Credit) in accordance with Section 2.08(b), as applicable. 

  
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 Each request for a Borrowing and each request for the issuance, amendment,
renewal or extension of any Letter of Credit shall be deemed to constitute a representation and warranty by the Borrower and the other Loan Parties on the date thereof as to the matters specified in Section 6.02(a) through
(c). 
 ARTICLE VII 

REPRESENTATIONS AND WARRANTIES 

The Borrower represents and warrants to the Lenders that: 

Section 7.01 Organization; Powers. Each Loan Party is duly organized, validly existing and in
good standing under the laws of the jurisdiction of its organization, has all requisite power and authority, and has all governmental licenses, authorizations, consents and approvals necessary, to own its assets and to carry on its business as now
conducted, and is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required, except where failure to have such licenses, authorizations, consents, approvals and foreign qualifications could not
reasonably be expected to have a Material Adverse Effect. 
 Section 7.02 Authority;
Enforceability. The Transactions are within each Loan Party’s corporate powers and have been duly authorized by all necessary corporate and, if required, owner action. Each Loan Document to which a Loan Party is a party has been duly
executed and delivered by it and constitutes its legal, valid and binding obligation, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting
creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

Section 7.03 Approvals; No Conflicts. The Transactions (a) do not require any consent or
approval of, registration or filing with, or any other action by, any Governmental Authority or any other third Person, nor is any such consent, approval, registration, filing or other action necessary for the validity or enforceability of any Loan
Document or the consummation of the transactions contemplated thereby, except such as have been obtained or made and are in full force and effect other than (i) the recording and filing of financing statements and the Security Instruments as
required by this Agreement, (ii) those third party approvals or consents which, if not made or obtained, would not cause a Default hereunder, could not reasonably be expected to have a Material Adverse Effect, or do not have an adverse effect
on the enforceability of the Loan Documents and (iii) those third party authorizations, approvals or consents that are customarily obtained following closing, (b) will not violate (i) in any material respect, any applicable law or
regulation or any order of any Governmental Authority or (ii) the Organizational Documents of any Loan Party, (c) will not violate or result in a default under any indenture, note, credit agreement or other similar instrument binding upon
any Loan Party or its Properties, or give rise to a right thereunder to require any payment to be made by any Loan Party and (d) will not result in the creation or imposition of any Lien on any Property of any Loan Party (other than the Liens
created by the Loan Documents and Liens created under the Second Lien Documents to the extent permitted hereunder and under the Second Lien Intercreditor Agreement). 

  
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 Section 7.04 Financial Condition; No Material Adverse
Change. 
 (a) Since December 31, 2016 and after giving effect to the Transactions (i) there has been no event,
development or circumstance that has had or could reasonably be expected to have a Material Adverse Effect and (ii) the business of the Borrower and the Loan Parties has been conducted only in the ordinary course consistent with past business
practices. 
 (b) Neither the Borrower nor any other Loan Party has on the date of this Agreement, after giving effect to the
Transactions, any material Debt (including Disqualified Capital Stock) other than the Secured Obligations, the Second Lien Obligations and obligations under the Borrower Preferred Units (to the extent constituting Debt) or any contingent
liabilities, off-balance sheet liabilities or partnerships, liabilities for taxes, or unusual forward or long-term commitments or unrealized or anticipated losses from
any unfavorable commitments. 
 Section 7.05 Litigation. 

(a) Except as set forth on Schedule 7.05, there are no actions, suits, investigations or proceedings
by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the Borrower, threatened in writing against any Loan Party that (i) are not fully covered by insurance (except for normal deductibles) as to which
there is a reasonable possibility of an adverse determination that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect or (ii) involve any Loan Document or the
Transactions. 
 (b) Since the date of this Agreement, there has been no change in the status of the matters disclosed in
Schedule 
7.05 that, individually or in the aggregate, has resulted in a Material Adverse Effect. 
 Section 
7.06 Environmental Matters. Except for such matters as set forth on Schedule 7.06 or that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect (or for each Loan
Party’s Oil and Gas Properties where another party other than such Loan Party is the operator, to the knowledge of the Borrower could not reasonably be expected to have a Material Adverse Effect): 

(a) While the Loan Parties have operated Properties, the Loan Parties and each of their respective Properties and operations
thereon are, and within all applicable statute of limitation periods have been, in compliance with all applicable Environmental Laws; 

(b) the Loan Parties have obtained all Environmental Permits required for their respective operations and each of their
Properties, with all such Environmental Permits being currently in full force and effect, and no Loan Party has received any written notice that any such existing Environmental Permit will be revoked or that any application for any new Environmental
Permit or renewal of any existing Environmental Permit will be denied; 

  
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 (c) the Loan Parties have not received any written claims, demands, suits,
orders, inquiries, or proceedings concerning any violation of, or any liability (including as a potentially responsible party) under, any applicable Environmental Laws that is pending or, to the Borrower’s knowledge, threatened against any Loan
Party or any of their respective Properties or as a result of any operations at the Properties; 
 (d) none of the Loan
Parties owns or operates a treatment, storage, or disposal facility requiring a permit under the RCRA, regulations thereunder or any comparable state delegated Resource Conservation and Recovery Act program; 

(e) except as permitted under applicable laws, there has been no Release or, to the Borrower’s knowledge, threatened
Release, of Hazardous Materials attributable to the operations of any Loan Party at, on, under or from any Loan Party’s Properties and there are no investigations, remediations, abatements, removals of Hazardous Materials required under
applicable Environmental Laws relating to such Releases or threatened Releases or at such Properties and, to the knowledge of the Borrower, none of such Properties are adversely affected by any Release or threatened Release of a Hazardous Material
originating or emanating from any other real property; 
 (f) no Loan Party has received any written notice asserting an
alleged liability or obligation under any Environmental Laws with respect to the investigation, remediation, abatement, removal, or monitoring of any Hazardous Materials, including at, under, or Released or threatened to be Released from any real
properties offsite the Loan Party’s Properties and there are no conditions or circumstances that would reasonably be expected to result in the receipt of such written notice; 

(g) to the Loan Party’s knowledge, there has been no exposure of any Person or Property to any Hazardous Materials as a
result of or in connection with the operations and businesses of any Loan Party or relating to any of their Properties that would reasonably be expected to form the basis for a claim against any Loan Party for damages or compensation and, to the
Borrower’s knowledge, there are no conditions or circumstances that would reasonably be expected to result in the receipt of notice regarding such exposure; 

(h) no Loan Party has assumed or retained any liability of another Person under Environmental Law or relating to Hazardous
Materials, and, to the Borrower’s knowledge, no Loan Party otherwise has any liability under any Environmental Laws or relating to Hazardous Materials; and 

(i) the Loan Parties have provided to the Lenders complete and correct copies of all environmental site assessment reports,
investigations, studies, analyses, and correspondence on environmental matters (including matters relating to any alleged non-compliance with or liability under Environmental Laws) that are in any Loan
Party’s possession or control and relating to their respective Properties or operations thereon. 

  
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 Section 7.07 Compliance with the Laws and Agreements;
No Defaults. 
 (a) Each Loan Party is in compliance with all Governmental Requirements applicable to it or its Property
and all agreements and other instruments binding upon it or its Property, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and the conduct of its
business, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 

(b) No Loan Party is in default nor has any event or circumstance occurred which, but for the expiration of any applicable
grace period or the giving of notice, or both, would constitute a default or would require such Loan Party to Redeem or make any offer to Redeem all or any portion of any Debt outstanding under any indenture, note, credit agreement or other similar
instrument pursuant to which any Material Indebtedness is outstanding or by which the Loan Parties or any of their Properties is bound. 

(c) No Default has occurred and is continuing. 

Section 7.08 Investment Company Act. No Loan Party is an “investment company” or a
company “controlled” by an “investment company,” within the meaning of, or subject to regulation under, the Investment Company Act of 1940, as amended. 

Section 7.09 Taxes. Each Loan Party has timely filed or caused to be filed all tax returns and
reports required to have been filed and has paid or caused to be paid all taxes required to have been paid by it, except (a) taxes that are being contested in good faith by appropriate proceedings and for which the applicable Loan Party has set
aside on its books adequate reserves in accordance with GAAP or (b) to the extent that the failure to do so could not reasonably be expected to result, individually or in the aggregate, in a Material Adverse Effect. To the knowledge of
Borrower, no material proposed tax assessment is being asserted with respect to any Loan Party. 

Section 7.10 ERISA. Except for matters that would not, individually or in the aggregate,
reasonably be expected to result in a Material Adverse Effect: 
 (a) Each Plan is, and has been, operated, administered and
maintained in substantial compliance with, and the Borrower and each ERISA Affiliate have complied with ERISA, the terms of the applicable Plan and, where applicable, the Code. 

(b) No act, omission or transaction has occurred that could result in imposition on the Borrower or any ERISA Affiliate
(whether directly or indirectly) of (i) either a civil penalty assessed pursuant to subsections (c), (i) or (l) of Section 502 of ERISA or a tax imposed pursuant to Chapter 43 of Subtitle D of the Code or (ii) breach of fiduciary
duty liability damages under Section 409 of ERISA. 
 (c) No liability to the PBGC (other than for the payment of
current premiums which are not past due) by the Borrower or any ERISA Affiliate has been or is reasonably expected by any Loan Party or any ERISA Affiliate to be incurred with respect to any Plan. 

  
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 (d) No ERISA Event with respect to any Plan has occurred that has resulted or
could reasonably be expected to result in liability of the Borrower under Title IV of ERISA to the Plan or the PBGC. 
 (e)
The actuarial present value of the benefit liabilities under each Plan does not, as of the end of the Borrower’s most recently ended fiscal year, exceed the current value of the assets (computed on a plan termination basis in accordance with
Title IV of ERISA) of such Plan allocable to such benefit liabilities. The term “actuarial present value of the benefit liabilities” shall have the meaning specified in Section 4041 of ERISA. 

(f) Neither the Borrower nor any ERISA Affiliate sponsors, maintains or contributes to, or has at any time in the six-year period preceding the date hereof sponsored, maintained or contributed to, or had any actual liability to any Multiemployer Plan. 

Section 7.11 Disclosure; No Material Misstatements. The Borrower has disclosed to the
Administrative Agent and the Lenders all agreements, instruments and corporate or other restrictions to which it or any Loan Party is subject, and all other existing facts and circumstances applicable to the Loan Parties known to the Borrower, that,
individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. None of the reports, financial statements, certificates or other information furnished by or on behalf of the Loan Parties to the Administrative
Agent or any Lender or any of their Affiliates in connection with the negotiation of this Agreement or any other Loan Document or delivered hereunder or under any other Loan Document (as modified or supplemented by other information so furnished)
contain any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that, with respect to projected
financial or other information, the Loan Parties represent only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time. There are no statements or conclusions in any Reserve Report which are
based upon or include misleading information or fail to take into account material information regarding the matters reported therein, it being understood that projections concerning volumes attributable to the Oil and Gas Properties and production
and cost estimates contained in each Reserve Report are necessarily based upon professional opinions, estimates and projections and the Loan Parties do not warrant that such opinions, estimates and projections will ultimately prove to have been
accurate. 
 Section 7.12 Insurance. For the benefit of each Loan Party, the Borrower has
(a) all insurance policies sufficient for the compliance by the Loan Parties with all material Governmental Requirements and all material agreements and (b) insurance coverage, or self-insurance, in
at least such amounts and against such risk (including public liability) that are usually insured against by companies similarly situated and engaged in the same or a similar business for the assets and operations of the Loan Parties.
Schedule 7.12, as of the date hereof, sets forth a list of all insurance maintained by the Borrower. The Administrative Agent, as agent for the benefit of the Secured Parties, has been named as additional insureds in
respect of such liability insurance policies and the Administrative Agent, as agent for the benefit of the Secured Parties, has been named as loss payee with respect to Property loss insurance. 

  
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 Section 7.13 Restriction on Liens. Neither the
Borrower nor any Loan Party is a party to any material agreement or arrangement (other than (x) the Second Lien Documents (subject to the Intercreditor Agreement) and (y) Purchase Money Security Interests and Capital Leases creating Liens
permitted by Section 9.03(c), but then only on the Property subject of such Purchase Money Security Interests or Capital Lease), or subject to any order, judgment, writ or decree, which either restricts or purports to
restrict its ability to grant Liens to the Administrative Agent and the Lenders on or in respect of their Properties to secure the Secured Obligations and the Loan Documents. 

Section 7.14 Loan Parties. Except as set forth on Schedule 7.14 or as
disclosed in writing to the Administrative Agent (which shall promptly furnish a copy to the Lenders), which shall be a supplement to Schedule 7.14, there are no other Loan Parties. 

Section 7.15 Foreign Operations. The Borrower and the other Loan Parties do not own any Oil and
Gas Properties not located within the geographical boundaries of the United States. 
 Section 7.16
Location of Business and Offices. The Borrower’s jurisdiction of organization is Delaware; the name of the Borrower as listed in the public records of its jurisdiction of organization is Rosehill Operating Company, LLC; and the
organizational identification number of the Borrower in its jurisdiction of organization is 6199183 (or, in each case, as set forth in a notice delivered to the Administrative Agent pursuant to Section 8.01(l) in accordance
with Section 12.01). The Borrower’s principal place of business and chief executive offices are located at the address specified in Section 12.01 (or as set forth in a notice delivered
pursuant to Section 8.01(l) and Section 12.01(c)). Each Loan Party’s jurisdiction of organization, name as listed in the public records of its jurisdiction of organization, organizational
identification number in its jurisdiction of organization, and the location of its principal place of business and chief executive office is stated on Schedule 7.14 (or as set forth in a notice delivered pursuant to
Section 8.01 (l)). 
 Section 7.17 Properties; Defensible Title,
Etc. 
 (a) Each Loan Party has good and defensible title to the Oil and Gas Properties evaluated in the most recently
delivered Reserve Report and good title to all its personal Properties other than Properties sold in compliance with Section 9.11 from time to time, in each case, free and clear of all Liens except Liens permitted by
Section 9.03. After giving full effect to Liens permitted by Section 9.03, the Loan Party specified as the owner owns the net interests in production attributable to the Hydrocarbon Interests as
reflected in the most recently delivered Reserve Report, and except as otherwise provided by statute, regulation or the standard and customary provisions of any applicable joint operating agreement, the ownership of such Properties shall not in any
material respect obligate the Loan Party to bear the costs and expenses relating to the maintenance, development and operations of each such Property in an amount in excess of the working interest of each Property set forth in the most recently
delivered Reserve Report that is not offset by a corresponding proportionate increase in the Loan Party’s net revenue interest in such Property. 

  
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 (b) All material leases and agreements necessary for the conduct of the business
of the Loan Parties are valid and subsisting, in full force and effect, and there exists no default or event or circumstance which with the giving of notice or the passage of time or both would give rise to a default under any such lease or leases,
which could reasonably be expected to have a Material Adverse Effect. 
 (c) The rights and Properties presently owned,
leased or licensed by the Loan Parties including all easements and rights of way, include all rights and Properties necessary to permit the Loan Parties to conduct their business in all material respects in the same manner as its business is
conducted on the date hereof. 
 (d) Each Loan Party owns, or is licensed to use, all trademarks, trade names, copyrights,
patents and other intellectual Property material to its business, and the use thereof by the Loan Party does not infringe upon the rights of any other Person, except for any such infringements that, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect. The Loan Parties either own or have valid licenses or other rights to use all databases, geological data, geophysical data, engineering data, seismic data, maps, interpretations and
other technical information used in their businesses as presently conducted, subject to the limitations contained in the agreements governing the use of the same, which limitations are customary for companies engaged in the business of the
exploration and production of Hydrocarbons, with such exceptions as could not reasonably be expected to have a Material Adverse Effect. 
 
Section 7.18 Maintenance of Properties. Except for such acts or failures to act as could not be reasonably expected to have a Material Adverse Effect, the Oil and Gas Properties (and Properties unitized therewith) of the Loan Parties
have been maintained, operated and developed in a reasonably prudent manner and in conformity with all Governmental Requirements and in conformity with the provisions of all leases, subleases or other contracts comprising a part of the Hydrocarbon
Interests and other contracts and agreements forming a part of the Oil and Gas Properties of the Loan Parties. Specifically in connection with the foregoing, except for those as could not be reasonably expected to have a Material Adverse Effect,
(i) no Oil and Gas Property of the Loan Parties is subject to having allowable production reduced below the full and regular allowable (including the maximum permissible tolerance) because of any overproduction (whether or not the same was
permissible at the time) and (ii) none of the wells comprising a part of the Oil and Gas Properties (or Properties unitized therewith) of the Loan Parties is deviated from the vertical more than the maximum permitted by Governmental
Requirements, and such wells are bottomed under and are producing from, and the well bores are wholly within, the Oil and Gas Properties (or in the case of wells located on Properties unitized therewith, such unitized Properties) of the Loan
Parties. All pipelines, wells, gas processing plants, platforms and other material improvements, fixtures and equipment owned in whole or in part by the Loan Parties that are necessary to conduct normal operations are being maintained in a state
adequate to conduct normal operations, and with respect to such of the foregoing which are operated by the Loan Parties, in a manner consistent with the Loan Parties’ past practices (other than those the failure of which to maintain in
accordance with this Section 7.18 could not reasonably be expected to have a Material Adverse Effect). 

  
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 Section 7.19 Gas Imbalances; Prepayments.
Except as set forth on Schedule 7.19 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances take or pay or other prepayments which would
require any Loan Party to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor exceeding two percent (2.0%) of the aggregate volumes of natural gas (on an Mcf
basis) listed in the most recent Reserve Report. 
 Section 7.20 Marketing of Production.
Except for contracts listed and in effect on the date hereof on Schedule 7.20, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, (a) the
Loan Parties are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s
delivery capacity and (b) no material agreements exist which are not cancelable on 90 days’ notice or less without penalty or detriment for the sale of production from the Loan Parties’ Hydrocarbons (including calls on or other
rights to purchase, production, whether or not the same are currently being exercised) that (i) pertain to the sale of production at a fixed price and (ii) have a maturity or expiry date of longer than six (6) months from the date
hereof. 
 Section 7.21 Security Documents. The Security Instruments are effective to create
in favor of the Administrative Agent, for the benefit of the Secured Parties, a legal, valid and enforceable security interest in the Mortgaged Property and Collateral and proceeds thereof. The Secured Obligations are and shall be at all times
secured by a legal, valid and enforceability perfected first priority Liens in favor of the Administrative Agent, covering and encumbering the Mortgaged Properties and other Collateral, to the extent perfection has occurred or will occur, by the
recording of a mortgage, the filing of a UCC financing statement or, with respect to Equity Interests represented by certificates, by possession (in each case, to the extent available in the applicable jurisdiction); provided that, except in
the case of pledged Equity Interests or as otherwise provided herein, Liens permitted by Section 9.03 may exist. 

Section 7.22 Swap Agreements and Eligible Contract Participant.
Schedule 7.22, as of the date hereof, and after the date hereof, each report required to be delivered by the Borrower pursuant to Section 8.01(d), sets forth, a true and complete list of all Swap
Agreements of the Loan Parties, the material terms thereof (including the type, term, effective date, termination date and notional amounts or volumes), the estimated net mark to market value thereof, all credit support agreements relating thereto
(including any margin required or supplied, but excluding the Security Instruments) and the counterparty to each such agreement. The Borrower is a Qualified ECP Guarantor. 

Section 7.23 Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of
Credit shall be used (i) to provide funds for working capital, (ii) to finance capital expenditures, (iii) for the acquisition and development by the Borrower and its Subsidiaries of Oil and Gas Properties permitted hereunder,
(iv) to refinance existing debt, and (v) for general corporate purposes of the Borrower and its Subsidiaries. No Loan Party is engaged principally, or as one of its or their important activities, in the business of extending credit for the
purpose, whether immediate, incidental or ultimate, of buying or carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which
violates the provisions of Regulations T, U or X of the Board. 

  
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 Section 7.24 Solvency. After giving effect to the
Transactions and the other transactions contemplated hereby, (a) the aggregate assets (after giving effect to amounts that could reasonably be received by reason of indemnity, offset, insurance or any similar arrangement), at a fair valuation,
of the Loan Parties, taken as a whole, will exceed the aggregate Debt of the Loan Parties on a consolidated basis, as the Debt becomes absolute and matures, (b) each Loan Party will not have incurred or intended to incur, and will not believe
that it will incur, Debt beyond its ability to pay such Debt (after taking into account the timing and amounts of cash to be received by it and the amounts to be payable on or in respect of its liabilities, and giving effect to amounts that could
reasonably be received by reason of indemnity, offset, insurance or any similar arrangement) as such Debt becomes absolute and matures and (c) each Loan Party will not have (and will have no reason to believe that it will have thereafter)
unreasonably small capital for the conduct of its business. 
 Section 7.25 Anti-Corruption Laws; Sanctions; OFAC. 
 (a) The Borrower has implemented and maintains in
effect policies and procedures designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with applicable Anti-Corruption Laws and applicable
Sanctions. 
 (b) The Borrower, its Subsidiaries, their respective officers and employees and, to the knowledge of the
Borrower, its directors and agents are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects and are not knowingly engaged in any activity that would reasonably be expected
to result in any Loan Party being designated as a Sanctioned Person. 
 (c) None of (i) the Borrower, any Subsidiary or
any of their respective directors, officers or employees, or (ii) to the knowledge of the Borrower, any agent of the Borrower that will act in any capacity in connection with or benefit from the credit facility established hereby, is a
Sanctioned Person. The Borrower will not directly or, to its knowledge, indirectly use the proceeds from the Loans or lend, contribute or otherwise make available such proceeds to any Subsidiary, joint venture partner or other Person, for the
purpose of financing the activities of any Person currently subject to any applicable Sanctions. 

Section 7.26 EEA Financial Institution. No Loan Party is an EEA Financial Institution. 

  
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 ARTICLE VIII 

AFFIRMATIVE COVENANTS 

Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable
hereunder and all other amounts payable under the Loan Documents shall have been paid in full and all Letters of Credit shall have expired or terminated (or are Cash Collateralized) and all LC Disbursements shall have been reimbursed, the Borrower
covenants and agrees with the Lenders that: 
 Section 8.01 Financial Statements; Other
Information. The Borrower will furnish to the Administrative Agent and each Lender: 
 (a) Annual Financial
Statements. As soon as available, but in any event in accordance with then applicable law and not later than 90 days after the end of each fiscal year of the Borrower, the audited consolidating and consolidated balance sheet for the
Borrower and its Consolidated Subsidiaries and related statements of operations, members’ equity, as applicable, and cash flows as of the end of and for such year, setting forth in comparative form the figures for the previous fiscal year, all
reported on by independent public accountants of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit other than any consistency
qualification that may result from a change in the method used to prepare the financial statements as to which such accountants concur) to the effect that such consolidated financial statements present fairly in all material respects the financial
condition and results of operations of the Borrower and its Consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied; provided, that the foregoing requirements shall be deemed satisfied by delivery of the
audited financial statements of RRI for such fiscal year that are filed by RRI with the SEC (so long as the same are so filed within the 90-day period specified above and otherwise delivered in accordance with
Section 12.01(b)). 
 (b) Quarterly Financial Statements. As soon as available, but in any
event in accordance with then applicable law and not later than 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower, the unaudited consolidating and consolidated balance sheet for the Borrower
and its Consolidated Subsidiaries and related statements of operations, members’ equity, as applicable, and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in comparative
form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of its Responsible Officers as presenting fairly in all material respects the
financial condition and results of operations of Borrower and its Consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments
and the absence of footnotes; provided, that the foregoing requirements shall be deemed satisfied by delivery of the financial statements of RRI for such fiscal year that are filed by RRI with the SEC (so long as the same are so filed within the 45-day period specified above and otherwise delivered in accordance with Section 12.01(b)). 

(c) Certificate of Responsible Officer – Compliance. Concurrently with any delivery of financial statements under
Section 8.01(a) or Section 8.01(b), a certificate of a Responsible Officer of the Borrower in substantially the form of Exhibit D hereto (i) certifying as to whether
a Default has occurred and, if a Default has occurred, specifying the details thereof and any action taken or proposed to be taken with respect thereto, (ii) setting forth reasonably detailed calculations demonstrating compliance with
Section 9.01 and (iii) stating whether any change in GAAP or in the application thereof has occurred since the date of the most recently delivered financial statements referred to in
Section 8.01(a) and (b) and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such certificate (the “Compliance Certificate”). 

  
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 (d) Certificate of Responsible Officer – Swap Agreements and Forecasted
Production. 
 (i) Concurrently with any delivery of financial statements under
Section 8.01(b), a certificate of a Responsible Officer, in form and substance satisfactory to the Administrative Agent, setting forth as of the last Business Day of the period covered by such financial statements, a true
and complete list of all Swap Agreements of each Loan Party, the material terms thereof (including the type, term, effective date, termination date and notional amounts or volumes), any new credit support agreements relating thereto (other than
Security Instruments) not listed on Schedule 7.22, any margin required or supplied under any credit support document, and the counterparty to each such agreement. 

(ii) Concurrently with any delivery of financial statements under Section 8.01(b), a certificate of a
Responsible Officer, in form and substance satisfactory to the Administrative Agent covering the Forecasted Production for reserves then owned by the Loan Parties. 

(e) Certificate of Insurer – Insurance Coverage. Concurrently with any delivery of financial statements under
Section 8.01(a), and within ten (10) Business Days following each change in the insurance maintained in accordance with Section 8.07, certificates of insurance coverage with respect to the
insurance required by Section 8.07, in form and substance satisfactory to the Administrative Agent, and, if requested by the Administrative Agent or any Lender, all copies of the applicable policies. 

(f) Other Accounting Reports. Promptly upon receipt thereof, a copy of each other report or letter submitted to any Loan
Party by independent accountants in connection with any annual, interim or special audit made by them of the books of any such Person, and a copy of any response by such Person, or the board of directors or other appropriate governing body of such
Person, to such letter or report. 
 (g) SEC and Other Filings; Reports to Shareholders. Promptly after the same
become publicly available, copies of all periodic and other reports, proxy statements and other materials filed by any Loan Party with the SEC or with any national securities exchange. 

(h) Notices Under Material Instruments. Promptly after the furnishing thereof, copies of any financial statement, report
or notice furnished to or by any Person pursuant to the terms of any preferred stock designation, indenture, loan or credit or other similar agreement, other than this Agreement and not otherwise required to be furnished to the Lenders pursuant to
any other provision of this Section 8.01. 
 (i) Lists of Purchasers. Concurrently with the
delivery of any Reserve Report to the Administrative Agent pursuant to Section 8.12, a list of all Persons purchasing Hydrocarbons from any Loan Party (or, with respect to Oil and Gas Properties that are not operated by a
Loan Party, a list of the operators of such properties). 

  
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 (j) Notice of Sales of Borrowing Base Properties and Unwinds of Swap
Agreements. In the event the Borrower or any other Loan Party intends to sell, transfer, assign, or otherwise dispose of Oil and Gas Properties (or any Equity Interest of any Loan Party that owns Oil and Gas Properties) or terminate, unwind,
cancel or otherwise dispose of or monetize Swap Agreements that would, in the aggregate with all sales or dispositions of Oil and Gas Properties or terminations or monetizations of Swap Agreements since the most recent redetermination or adjustment
to the Borrowing Base hereunder or any other provision under this Agreement that requires or permits the amount of the Borrowing Base to be adjusted, constitute a Material Disposition, written notice of such disposition, termination, unwind or
cancellation (and in any event within five Business Days following any such event, or by such other date as shall be reasonably acceptable to the Administrative Agent in its sole discretion), the price thereof and the anticipated date of closing and
any other details thereof reasonably requested by the Administrative Agent or any Lender. 
 (k) Notice of Casualty
Events. Prompt written notice, and in any event within ten Business Days, of the occurrence of any Casualty Event to any Property having a fair market value in excess of $1,000,000 or the commencement of any condemnation or eminent domain action
or proceeding that could reasonably be expected to result in such a Casualty Event. 
 (l) Information Regarding Borrower
and Guarantors. Prompt written notice of (and in any event within ten (10) days prior thereto or such other time as the Administrative Agent may agree) any change (i) in a Loan Party’s corporate name or in any trade name used to
identify such Person in the conduct of its business or in the ownership of its Properties, (ii) in the location of the Loan Party’s chief executive office or principal place of business, (iii) in the Loan Party’s identity or
corporate structure or in the jurisdiction in which such Person is incorporated or formed, (iv) in the Loan Party’s jurisdiction of organization or such Person’s organizational identification number in such jurisdiction of
organization, and (v) in the Loan Party’s federal taxpayer identification number. 
 (m) Production Report and
Lease Operating Statements. Concurrently with the delivery of any financial statements pursuant to Section 8.01(a) or (b), a report setting forth, for each fiscal quarter 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 fiscal quarter 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 fiscal quarter. 

(n) Annual Budget and Projections. As soon as available, but in any event not later than 30 days after the end of
each fiscal year of the Borrower, the annual budget and any forecasts or projections of the Borrower. 

  
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 (o) Patriot Act. Promptly upon request, all documentation and other
information required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA Patriot Act. 

(p) Notices of Certain Changes. Promptly, but in any event within five (5) Business Days after the execution
thereof, copies of any amendment, modification or supplement to any of the Senior Unsecured Notes Documents or the Organizational Documents of the Borrower or any Subsidiary. 

(q) Senior Unsecured Notes Incurrence. Written notice that it is considering incurring Senior Unsecured Notes at least
five (5) Business Days prior to the proposed incurrence of such Senior Unsecured Notes. In connection therewith the Borrower will from time to time provide to the Administrative Agent copies of existing drafts of the Senior Unsecured Notes
Documents as requested by the Administrative Agent, and the Borrower will also promptly deliver to the Administrative Agent and the Lenders copies, certified by a Responsible Officer as true and complete, of each Senior Unsecured Notes Document
following the incurrence of any Senior Unsecured Notes. 
 (r) Other Requested Information. Promptly following any
request therefor, such other information regarding the operations, business affairs and financial condition of the Borrower or any Subsidiary (including any Plan or Multiemployer Plan and any reports or other information required to be filed under
ERISA), or compliance with the terms of this Agreement or any other Loan Document, as the Administrative Agent or any Lender may reasonably request. 

(s) Second Lien Document Information. Promptly, but in any event within five (5) Business Days after the furnishing
or receipt thereof (provided that any material amendments or written modifications contemplated in clause (ii) below shall be provided one (1) Business Day before their execution), copies of (i) any notice of default or any notice
related to the exercise of remedies, in each case pursuant to the Second Lien Documents, (ii) any amendment or other written modification of the Second Lien Note Purchase Agreement or any other Second Lien Document and (iii) copies of any
material notices, reports or other written information provided under the terms of the Second Lien Note Purchase Agreement, in each case not otherwise required to be furnished to the Administrative Agent or the Lenders pursuant to any other
provisions of the Loan Documents. 
 Section 8.02 Notices of Material Events. The Borrower
will furnish to the Administrative Agent and each Lender prompt written notice of the following: 
 (a) the occurrence of any
Default; 
 (b) the filing or commencement of, or the threat in writing of, any action, suit, proceeding, investigation or
arbitration by or before any arbitrator or Governmental Authority against or affecting the Loan Parties thereof not previously disclosed in writing to the Lenders or any material adverse development in any action, suit, proceeding, investigation or
arbitration (whether or not previously disclosed to the Lenders) that, in either case, if adversely determined, could reasonably be expected to result in a Material Adverse Effect; 

  
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 (c) the occurrence of any ERISA Event that, alone or together with any other
ERISA Events that have occurred, could reasonably be expected to result in a Material Adverse Effect; and 
 (d) the
occurrence of any Material Adverse Effect. 
 Each notice delivered under this Section 8.02 shall
be accompanied by a statement of a Responsible Officer setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 

Section 8.03 Existence; Conduct of Business. The Borrower will, and will cause each Loan Party
to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of its business and maintain, if necessary,
its qualification to do business in each other jurisdiction in which its Oil and Gas Properties is located or the ownership of its Properties requires such qualification, except where the failure to so qualify could not reasonably be expected to
have a Material Adverse Effect; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under Section 9.10. 

Section 8.04 Payment of Obligations. The Borrower will, and will cause each other Loan Party to,
pay its obligations, including tax liabilities of the Borrower and all of the other Loan Parties before the same shall become delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by
appropriate proceedings, (b) the Borrower or such other Loan Party has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (c) the failure to make payment pending such contest could not reasonably be
expected to result in a Material Adverse Effect. 
 Section 8.05 Performance of Obligations under
Loan Documents. The Borrower will pay the Loans according to the terms hereof, and cause each other Loan Party to, do and perform every act and discharge all of the obligations to be performed and discharged by them under the Loan Documents,
including this Agreement, at the time or times and in the manner specified. 
 Section 8.06
Operation and Maintenance of Properties. The Borrower, at its own expense, will, and will cause each other Loan Party to: 

(a) operate its Oil and Gas Properties and other material Properties or cause such Oil and Gas Properties and other material
Properties to be operated in as a reasonably prudent operator in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance with all applicable Governmental Requirements, including
applicable pro ration requirements and Environmental Laws, and all applicable laws, rules and regulations of every other Governmental Authority from time to time constituted to regulate the development and operation of its Oil and Gas Properties and
the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to comply could not reasonably be expected to have a Material Adverse Effect. 

  
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 (b) maintain and keep in good repair, working order and efficiency (ordinary wear
and tear excepted) all of its material Oil and Gas Properties and other Properties necessary to the conduct of its business, including all equipment, machinery and facilities as would a reasonably prudent operator. 

(c) promptly pay and discharge, or use commercially reasonable efforts to cause to be paid and discharged, all material delay
rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its Oil and Gas Properties and will do all other things necessary, in accordance with industry standards, to keep unimpaired their
rights with respect thereto and prevent any forfeiture thereof or default thereunder. 
 (d) promptly perform or use
commercially reasonable efforts to cause to be performed, in accordance with industry standards, the obligations required by each and all of the assignments, deeds, leases, sub-leases, contracts and agreements
affecting its interests in its Oil and Gas Properties and other material Properties. 
 Section 8.07
Insurance. The Borrower will maintain, with financially sound and reputable insurance companies, insurance covering all Loan Parties, in such amounts and against such risks as are customarily maintained by companies engaged in the same
or similar businesses operating in the same or similar locations. The loss payable clauses or provisions in the applicable insurance policy or policies insuring any of the collateral for the Loans shall be endorsed in favor of and made payable to
the Administrative Agent as a “loss payee” or other formulation acceptable to the Administrative Agent and such liability policies shall name the Administrative Agent, as agent for the benefit of the Secured Parties, as “additional
insured”. The Borrower shall cause such policies to also provide that the insurer will endeavor to give at least 30 days prior notice of any cancellation to the Administrative Agent (or 10 days in the case of
non-payment). 
 Section 8.08 Books and Records;
Inspection Rights. The Borrower will, and will cause each other Loan Party to, keep proper books of record and account in accordance with GAAP. The Borrower will, and will cause each other Loan Party to, permit any representatives designated by
the Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect its Properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its officers and independent
accountants, all at such reasonable times and as often as reasonably requested; provided that each Lender shall provide the Borrower and the Administrative Agent with reasonable notice prior to any visit or inspection. In the event any Lender
desires to conduct an audit of any Loan Party, such Lender shall make a reasonable effort to conduct such audit contemporaneously with any audit to be performed by the Administrative Agent. The Borrower shall reimburse the Administrative Agent and
the Lenders for all costs incurred in connection with such visitations and inspections; provided, however that prior to the occurrence of an Event of Default, the Borrower shall only be obligated to reimburse the Administrative Agent and the Lenders
for all costs incurred in connection with one (1) such visitation and inspection per year. 

Section 8.09 Compliance with Laws. The Borrower will, and will cause each Loan Party to, comply
with all laws, rules, regulations and orders of any Governmental Authority applicable 

  
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to it or its Property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. The Borrower will maintain in
effect and enforce policies and procedures designed to ensure compliance by the Loan Parties and their respective directors, officers, employees and agents with applicable Anti-Corruption Laws and applicable
Sanctions. 
 Section 8.10 Environmental Matters. 

(a) The Borrower shall: (i) comply, and shall cause its Properties and operations and each other Loan Party and each other
Loan Party’s Properties and operations to comply, with all applicable Environmental Laws, except to the extent any breach thereof could not be reasonably expected to have a Material Adverse Effect; (ii) not dispose of or otherwise Release,
and shall cause each other Loan Party not to dispose of or otherwise Release, any Hazardous Material, or solid waste on, under, about or from any of the Borrower’s or the other Loan Parties’ Properties or any other Property to the extent
caused by the Borrower’s or any of the other Loan Parties’ operations except in compliance with applicable Environmental Laws, the disposal or Release of which could reasonably be expected to have a Material Adverse Effect;
(iii) timely obtain or file, and shall cause each other Loan Party to timely obtain or file, all notices, and Environmental Permits, if any, required under applicable Environmental Laws to be obtained or filed in connection with the operation
or use of the Borrower’s or the other Loan Parties’ Properties, which failure to obtain or file could reasonably be expected to have a Material Adverse Effect; (iv) promptly commence and diligently prosecute to completion, and shall
cause each of other Loan Party to promptly commence and diligently prosecute to completion, any assessment, evaluation, investigation, monitoring, containment, cleanup, removal, repair, restoration, remediation or other remedial obligations
(collectively, the “Remedial Work”) in the event any Remedial Work is required or reasonably necessary under applicable Environmental Laws because of or in connection with the actual or suspected past, present or future disposal or
other Release of any Hazardous Materials on, under, about or from any of the Borrower’s or the other Loan Parties’ Properties, which failure to commence and diligently prosecute to completion could reasonably be expected to have a Material
Adverse Effect; (v) conduct, and cause each other Loan Party to conduct, their respective operations and businesses in a manner that will not expose any Property or Person to Hazardous Materials that could reasonably be expected to form the
basis for a claim for damages or compensation, which claim could reasonably be expected to have a Material Adverse Effect; and (vi) establish and implement, and shall cause each other Loan Party to establish and implement, such procedures as
may be necessary to continuously determine and assure that the Borrower’s and the other Loan Parties’ obligations under this Section 8.10(a) are timely and fully satisfied, which failure to establish and implement
could reasonably be expected to have a Material Adverse Effect. 
 (b) The Borrower will promptly, but in no event later than
five Business Days of the Borrower becoming aware thereof, notify the Administrative Agent and the Lenders in writing of any threatened action, investigation or inquiry by any Governmental Authority or any demand or lawsuit by any landowner or other
third party threatened in writing against the Borrower or the other Loan Parties or their Properties of 

  
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which the Borrower has knowledge in connection with any Environmental Laws (excluding routine testing and corrective action) if the Borrower reasonably anticipates that such action will result in
liability (whether individually or in the aggregate) in excess of $1,000,000, not fully covered by insurance, subject to normal deductibles. 

(c) If an Event of Default has occurred and is continuing, the Administrative Agent may (but shall not be obligated to), at the
expense of the Borrower and to the extent that the Borrower has the right to do so, conduct such Remedial Work as it deems appropriate to determine the nature and extent of any noncompliance with applicable Environmental Laws, the nature and extent
of the presence of any Hazardous Material and the nature and extent of any other environmental conditions that may exist at or affect any of the Mortgaged Properties, and the Loan Parties shall cooperate with the Administrative Agent in conducting
such Remedial Work. Such Remedial Work may include a detailed visual inspection of the Mortgaged Properties, including all storage areas, storage tanks, drains and dry wells and other structures and locations, as well as the taking of soil samples,
surface water samples, and ground water samples and such other investigations or analyses as the Administrative Agent deems appropriate. The Administrative Agent and its officers, employees, agents and contractors shall have and are hereby granted
the right to enter upon the Mortgaged Properties for the foregoing purposes; provided that any such representative of the Administrative Agent shall comply with the Borrower’s safety, health and environmental policies and shall carry and
maintain adequate insurance coverages appropriate or customary for the tasks to be performed. 

Section 8.11 Further Assurances. 

(a) The Borrower at its sole expense will, and will cause each other Loan Party to, promptly execute and deliver to the
Administrative Agent all such other documents, agreements and instruments reasonably requested by the Administrative Agent to comply with, cure any defects or accomplish the conditions precedent, covenants and agreements of any Loan Party, as the
case may be, in the Loan Documents or to further evidence and more fully describe the collateral intended as security for the Secured Obligations, or to correct any omissions in this Agreement or the Security Instruments, or to state more fully the
obligations secured therein, or to perfect, protect or preserve any Liens created pursuant to this Agreement or any of the Security Instruments or the priority thereof, or to make any recordings, file any notices or obtain any consents, all as may
be reasonably necessary or appropriate, in the sole discretion of the Administrative Agent, in connection therewith. 
 (b)
The Borrower hereby authorizes the Administrative Agent to file one or more financing or continuation statements, and amendments thereto, relative to all or any part of the Mortgaged Property without the signature of the Borrower or any other Loan
Party where permitted by law. A carbon, photographic or other reproduction of the Security Instruments or any financing statement covering the Mortgaged Property or any part thereof shall be sufficient as a financing statement where permitted by
law. 

  
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 Section 8.12 Reserve Reports. 

(a) On or before March 1st and September 1st of each year, commencing September 1, 2017, the Borrower shall furnish to the Administrative Agent and the Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the
other Loan Parties as of the immediately preceding January 1st and July 1st, as applicable. The Reserve Report as of January 1st and delivered on or before March 1st of each year (the “January 1 Reserve Report”) shall be prepared by one
or more Approved Petroleum Engineers, and each other Reserve Report of each year may be prepared by one or more Approved Petroleum Engineers or internally under the supervision of the reservoir engineering manager of the Borrower who shall certify
such Reserve Report to be true and accurate in all material respects and, except as otherwise specified therein, to have been prepared in accordance with the procedures used in the immediately preceding January 1 Reserve Report. 

(b) In the event of an Interim Redetermination, the Borrower shall furnish to the Administrative Agent and the Lenders a
Reserve Report prepared by or under the supervision of the reservoir engineering manager of the Borrower who shall certify such Reserve Report to be true and accurate in all material respects and, except as otherwise specified therein, to have been
prepared in accordance with the procedures used in the immediately preceding January 1 Reserve Report. For any Interim Redetermination requested by the Administrative Agent or the Borrower pursuant to Section 2.07(b),
the Borrower shall provide such Reserve Report with an “as of” date as required by the Administrative Agent as soon as possible, but in any event no later than thirty (30) days following the receipt of such request. 

(c) With the delivery of each Reserve Report, the Borrower shall provide to the Administrative Agent and the Lenders a
certificate (a “Reserve Report Certificate”) from a Responsible Officer certifying that in all material respects: (i) the information contained in the Reserve Report and any other information delivered in connection therewith
is true and correct, (ii) the Borrower or the other Loan Parties own good and defensible title to the Oil and Gas Properties evaluated in such Reserve Report and such Properties are free of all Liens except for Liens permitted by
Section 9.03, (iii) except as set forth on an exhibit to the certificate, on a net basis there are no gas imbalances, take or pay or other prepayments in excess of the volume specified in
Section 7.19 with respect to its Oil and Gas Properties evaluated in such Reserve Report which would require the Borrower or any other Loan Party to deliver Hydrocarbons either generally or produced from such Oil and Gas
Properties at some future time without then or thereafter receiving full payment therefor, (iv) none of their Oil and Gas Properties evaluated in the immediately previous Reserve Report have been sold since the date of the last Borrowing Base
determination except as set forth on an exhibit to the certificate, which exhibit shall list all of its Oil and Gas Properties sold and in such detail as reasonably required by the Administrative Agent, (v) attached to the certificate is a list
of all marketing agreements entered into by a Loan Party subsequent to the later of the date hereof or the most recently delivered Reserve Report which the Borrower could reasonably be expected to have been obligated to list on
Schedule 7.20 had such agreement been in effect on the date hereof and (vi) attached thereto is a schedule of the Oil and Gas Properties evaluated by such Reserve Report that are Mortgaged Properties and demonstrating
the percentage of the Oil and Gas Properties that the value of such Mortgaged Properties represent and that such percentage is in compliance with Section 8.14(a). 

  
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 Section 8.13 Title Information. 

(a) On or before the delivery to the Administrative Agent and the Lenders of each Reserve Report required by
Section 8.12(a), the Borrower will deliver title information in form and substance acceptable to the Administrative Agent covering enough of the Borrowing Base Properties evaluated by such Reserve Report that were not
included in the immediately preceding Reserve Report, so that the Administrative Agent shall have had the opportunity to review (including title information previously delivered to the Administrative Agent), satisfactory title information on
Hydrocarbon Interests constituting at least 80% of the PV-9 of the Borrowing Base Properties evaluated by such Reserve Report. 

(b) If the Borrower has provided title information for additional Properties under Section 8.13(a),
the Borrower shall, within 60 days of notice from the Administrative Agent that title defects or exceptions exist with respect to such additional Properties, either (i) cure any such title defects or exceptions (including defects or
exceptions as to priority) which are not permitted by Section 9.03 raised by such information, (ii) substitute acceptable Mortgaged Properties with no title defects or exceptions, except for Liens permitted under
Section 9.03, having an equivalent value or (iii) deliver title information in form and substance acceptable to the Administrative Agent so that the Administrative Agent shall have received, together with title
information previously delivered to the Administrative Agent, satisfactory title information on Hydrocarbon Interests constituting at least 80% of the PV-9 of the Borrowing Base Properties evaluated by such
Reserve Report. 
 (c) If the Borrower is unable to cure any title defect requested by the Administrative Agent or the
Lenders to be cured within the 60-day period or the Borrower does not comply with the requirements to provide acceptable title information covering 80% of the PV-9 of
the Borrowing Base Properties evaluated in the most recent Reserve Report, such failure shall not be a Default, but instead the Administrative Agent shall have the right to exercise the following remedy in its sole discretion from time to time, and
any failure to so exercise this remedy at any time shall not be a waiver as to future exercise of the remedy by the Administrative Agent. To the extent that the Administrative Agent is not satisfied with title to any Mortgaged Property after the 60-day period has elapsed, such unacceptable Mortgaged Property shall not count towards the 80% requirement, and the Administrative Agent may send a notice to the Borrower and the Lenders that the then outstanding
Borrowing Base shall be reduced by an amount as determined by the Required Lenders to cause the Borrower to be in compliance with the requirement to provide acceptable title information on Hydrocarbon Interests constituting 80% of the PV-9 of the Borrowing Base Properties evaluated by such Reserve Report. This new Borrowing Base shall become effective immediately after receipt of such notice. 

  
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 Section 8.14 Additional Collateral; Additional
Guarantors. 
 (a) In connection with each redetermination of the Borrowing Base and at any other times reasonably
elected by the Administrative Agent or the Required Lenders, the Borrower shall review the Reserve Report and the list of current Mortgaged Properties (as described in Section 8.12(c)(vi)) to ascertain whether the Mortgaged
Properties represent at least (i) 95% of the PV-9 of the Proved Reserves evaluated in the most recent Reserve Report (ii) 95% of the PV-9 of the Proved
Developed Producing Reserves evaluated in the most recent Reserve Report, (iii) 100% of the total gross acreage of the Loan Parties on the First Amendment Effective Date, (iv) 90% of the total gross acreage of the Loan Parties at any time
after the First Amendment Effective Date, (v) substantially all of the Loan Parties’ Midstream Properties and any infrastructure or related Oil and Gas Property (excluding, for the avoidance of doubt, any Midstream Properties constituting
Excluded Assets), (vi) all of the Whitehorse Assets acquired on the First Amendment Effective Date and (vii) any other of the Loan Parties’ Oil and Gas Properties requested by the Administrative Agent from time to time with a fair
market value in excess of $2,000,000 in each case, after giving effect to exploration and production activities, acquisitions (including the Whitehorse Asset Acquisition), dispositions and production (collectively, the “Minimum Mortgage
Requirements”). In the event that the Mortgaged Properties do not satisfy the Minimum Mortgage Requirements, then the Borrower shall, and shall cause the other Loan Parties to, grant, within thirty (30) days of delivery of the
certificate required under Section 8.12(c) to the Administrative Agent (or, in the case of clause (vii) above within thirty (30) days of the Administrative Agent’s written request), to the Administrative
Agent as security for the Secured Obligations a first priority Lien interest (provided that Liens permitted by Section 9.03 may exist) on additional Oil and Gas Properties, Midstream Properties (excluding for the avoidance
of doubt any Midstream Properties constituting Excluded Assets) and properties described in the definition of Minimum Mortgage Requirements not already subject to a Lien of the Security Instruments such that after giving effect thereto, the
Mortgaged Properties will satisfy the Minimum Mortgage Requirements. All such Liens will be created and perfected by and in accordance with the provisions of deeds of trust, security agreements and financing statements or other Security Instruments,
all in form and substance reasonably satisfactory to the Administrative Agent and in sufficient executed (and acknowledged where necessary or appropriate) counterparts for recording purposes. In order to comply with the foregoing, if any Subsidiary
grants a Lien on its Oil and Gas Properties pursuant to Section 8.14(a) and such Subsidiary is not a Guarantor, then it shall become a Guarantor and comply with Section 8.14(b). 

(b) The Borrower shall promptly cause each newly created or acquired Domestic Subsidiary that is a Wholly-Owned Subsidiary to guarantee the Secured Obligations pursuant to the Guaranty Agreement and to grant a lien and security interest in all of its Collateral (as defined in the applicable security agreement,
but which shall in no event include Excluded Assets) pursuant to a security agreement. In connection with any such guaranty, the Borrower shall, or shall cause (i) such Domestic Subsidiary to execute and deliver the Guaranty Agreement (or a
supplement thereto, as applicable) and a security agreement (or a supplement thereto, as applicable) and (ii) the owners of the Equity Interests of such Domestic Subsidiary to pledge all of the Equity Interests of such new Domestic Subsidiary
(including delivery of original stock certificates evidencing the 

  
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Equity Interests of such Subsidiary, together with an appropriate undated stock powers for each certificate duly executed in blank by the registered owner thereof) and to execute and deliver such
other additional closing documents, legal opinions and certificates as shall reasonably be requested by the Administrative Agent. 

(c) In the event that any Loan Party becomes the owner of a Domestic Subsidiary, then the Loan Party shall (i) pledge 100%
of all the Equity Interests of such Domestic Subsidiary, in each case, that are owned by such Loan Party and to the extent such pledge does not occur automatically under the Guaranty Agreement (including, in each case, delivery of original stock
certificates, if any, evidencing such Equity Interests, together with appropriate stock powers for each certificate duly executed in blank by the registered owner thereof) and (ii) (along with such Domestic Subsidiary) execute and deliver such
other additional closing documents and certificates as shall reasonably be requested by the Administrative Agent. 
 (d) The
Borrower hereby guarantees the payment of all Secured Obligations of each Loan Party (other than the Borrower) and absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time to
each Loan Party (other than the Borrower) in order for such Loan Party to honor its obligations under its respective Guaranty Agreement and other Security Instruments including obligations with respect to Swap Agreements (provided, however, that the
Borrower shall only be liable under this Section 8.14(d) for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 8.14(d), or
otherwise under this Agreement or any Loan Document, as it relates to such other Loan Parties, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of the Borrower
under this Section 8.14(d) shall remain in full force and effect until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder and all other amounts payable
under the Loan Documents have been paid in full and all Letters of Credit have expired or terminated (or are Cash Collateralized) and all LC Disbursements shall have been reimbursed. The Borrower intends that this
Section 8.14(d) constitute, and this Section 8.14(d) shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each Loan Party (other than the Borrower)
for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 Section 8.15
ERISA Compliance. The Borrower will promptly furnish and will cause its Subsidiaries and any ERISA Affiliate to promptly furnish to the Administrative Agent (i) upon becoming aware of the occurrence of any ERISA Event or of any
Prohibited Transaction, in each case, that could reasonably be expected to result in a Material Adverse Effect, in connection with any Plan or any trust created thereunder, a written notice of the Borrower or Subsidiary of the Borrower, as the case
may be, specifying the nature thereof, what action such Person is taking or proposes to take with respect thereto, and, when known, any action taken or proposed by the Internal Revenue Service, the Department of Labor or the PBGC with respect
thereto, and (ii) upon receipt thereof, copies of any notice of the PBGC’s intention to terminate or to have a 

  
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trustee appointed to administer any Plan. Promptly following receipt of a reasonable request by the Administrative Agent, the Borrower will furnish and will cause each Subsidiary to promptly
furnish to the Administrative Agent copies of any documents described in Sections 101(k) or 101(l) of ERISA that any Loan Party may request with respect to any Multiemployer Plan; provided, that if the Loan Parties have not requested
such documents or notices from the administrator or sponsor of the applicable Multiemployer Plan, then, upon reasonable request of the Administrative Agent, the Loan Parties shall promptly make a request for such documents or notices from such
administrator or sponsor and the Borrower shall provide copies of such documents and notices to the Administrative Agent promptly after receipt thereof. 

Section 8.16 Account Control Agreements; Location of Proceeds of Loans. 

(a) The Borrower will, and will cause each other Loan Party to, in connection with any deposit account and/or any securities
account (other than Excluded Accounts) established, held or maintained after the Effective Date promptly, but in any event within thirty days after the establishment of such account (or such later date as the Administrative Agent may agree in its
sole discretion), cause such deposit account and/or securities account to be subject to a control agreement in favor of the Administrative Agent. 

(b) The Borrower will, and will cause each Loan Party to, until the proceeds of any Loans are transferred to a third party in a
transaction not prohibited by the Loan Documents, hold the proceeds of any Loans made under this Agreement in a deposit account and/or a securities account that is subject to a control agreement. No Loan Party will deposit any proceeds from any Loan
in an account that is not subject to a control agreement, other than accounts established, held or maintained with Administrative Agent. 
 
Section 8.17 EEA Financial Institution. No Loan Party is an EEA Financial Institution. 

Section 8.18 Minimum Swap Agreements. The Borrower and/or other Loan Parties will
(a) within 45 days after the First Amendment Effective Date (or such later date with the consent of the Majority Lenders in their sole discretion), enter into Swap Agreements with Approved Counterparties pursuant to which the Loan Parties
have hedged notional volumes of not less than 75% of the reasonably anticipated projected production (based on the then most recently delivered Reserve Report hereunder) of crude oil and natural gas, calculated separately, from proved developed
producing reserves of Oil and Gas Properties of the Loan Parties for each month during the subsequent twenty-four (24) calendar month period immediately following the First Amendment Effective Date and (b) maintain at all times Swap
Agreements with Approved Counterparties pursuant to which the Loan Parties shall hedge notional volumes of not less than 75% of the reasonably anticipated projected production (based on the then most recently delivered Reserve Report hereunder) of
crude oil and natural gas, calculated separately, from proved developed producing reserves of Oil and Gas Properties of the Loan Parties for each calendar quarter during the subsequent twenty-four (24) calendar month period immediately
following any date of determination (in each case, as forecasted based upon the most recent Reserve Report delivered pursuant hereto (after, for the avoidance of doubt, giving effect to the Whitehorse Asset Acquisition)); provided, that to the
extent the delivery of a new Reserve 

  
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Report hereunder results in a failure to satisfy the requirements of this clause (b), the Loan Parties shall have thirty (30) days following the delivery of such Reserve Report (or such
later date with the consent of the Majority Lenders in their sole discretion) to enter into additional Swap Agreements to the extent necessary to satisfy the requirements of this clause (b). 

ARTICLE IX 

NEGATIVE COVENANTS 

Until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder
and all other amounts payable under the Loan Documents have been paid in full and all Letters of Credit have expired or terminated (or are Cash Collateralized) and all LC Disbursements shall have been reimbursed, the Borrower covenant and agree with
the Lenders that: 
 Section 9.01 Financial Covenants. 

(a) Ratio of Total Funded Debt to EBITDAX. The Borrower will not, as of the last day of any fiscal quarter, commencing
with the quarter ending June 30, 2017, permit its ratio of Total Funded Debt as of such time to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which
financial statements are available to be greater than 4.0 to 1.0. 
 (b) Current Ratio. The Borrower will not, as of
the last day of any fiscal quarter, commencing with the quarter ending June 30, 2017, permit its ratio of (i) consolidated current assets (including the unused amount of the total Commitments, but excluding
non-cash assets under ASC 815) to (ii) consolidated current liabilities (excluding non-cash obligations under ASC 815, reclamation obligations to the extent
classified as current liabilities under GAAP, and current maturities under this Agreement) to be less than 1.0 to 1.0. 
 (c)
Coverage Ratio. The Borrower will not, as of the last day of any fiscal quarter, commencing with the quarter ending March 31, 2018, permit its ratio of (i) EBITDAX for the four fiscal quarters ending on the last day of the fiscal
quarter immediately preceding the date of determination for which financial statements are available to (ii) the sum of (x) Interest Expense for the preceding four fiscal quarters ending on the last day of the fiscal quarter immediately
preceding the date of determination for which financial statements are available plus (y) the aggregate amount of Restricted Payments made in cash pursuant to Sections 9.04(a)(iv) and (v) during the preceding four fiscal quarters
ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available to be less than 2.5 to 1.0; provided, however, that (A) for the fiscal quarter ending March 31, 2018,
each of EBITDAX, Interest Expense and Restricted Payments shall be calculated solely for the fiscal quarter March 31, 2018, (B) for the fiscal quarter ending June 30, 2018, each of EBITDAX, Interest Expense and Restricted Payments shall be
calculated solely for the two fiscal quarters ending June 30, 2018, and (C) for the fiscal quarter ending September 30, 2018, each of EBITDAX, Interest Expense and Restricted Payments shall be calculated solely for the three fiscal
quarters ending September 30, 2018. 

  
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 Section 9.02 Debt. The Borrower will not, and will
not permit any other Loan Party to, incur, create, assume or suffer to exist any Debt, except: 
 (a) the Loans or other
Secured Obligations arising under the Loan Documents or any Secured Swap Agreement or any guaranty of or suretyship arrangement for the Loans or other Secured Obligations arising under the Loan Documents or any Secured Swap Agreement; 

(b) Debt of any Loan Party under Purchase Money Security Interests and Capital Leases not to exceed $2,000,000; 

(c) Debt associated with worker’s compensation claims, bonds or surety obligations required by Governmental Requirements
or by third parties in the ordinary course of business in connection with the operation of, or provision for the abandonment and remediation of, the Oil and Gas Properties; 

(d) (i) Debt between the Borrower and its Subsidiaries that are Loan Parties, (ii) Debt between the Subsidiaries of
the Borrower which are Loan Parties, and (iii) Debt extended to the Borrower and its Subsidiaries which are Loan Parties by any other Loan Party; provided that (1) such Debt is not held, assigned, transferred, negotiated or pledged to any
Person other than a Loan Party, and (2) any such Debt owed by either the Borrower or a Guarantor shall be subordinated to the Secured Obligations on terms set forth in the Guaranty Agreement; 

(e) endorsements of negotiable instruments for collection in the ordinary course of business; 

(f) obligations to royalty, overriding and working interest owners, joint interest obligations, trade payables and other lease
operating expenses incurred in the ordinary course of business which are not more than ninety (90) days past due; 
 (g)
Debt associated with appeal bonds and bonds or sureties provided to any Governmental Authority or to any other Person in connection with the operation of the Oil and Gas Properties, including with respect to plugging, facility removal and
abandonment of the Oil and Gas Properties; 
 (h) Debt in respect of Senior Unsecured Notes; provided that (i) after
giving effect to the incurrence or issuance thereof, the Borrower shall be in compliance on a pro forma basis with the financial covenants, (ii) the Borrowing Base shall be adjusted as set forth in Section 2.07(e), and
the Borrower shall make any prepayment required by Section 3.04(c)(iii); 
 (i) To the extent
constituting Debt, obligations in respect of Swap Agreements; 
 (j) other Debt, not to exceed $3,000,000 in the aggregate at
any one time outstanding; 

  
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 (k) any guarantee of any other Debt permitted to be incurred hereunder; 

(l) Debt in respect of the Second Lien Notes (including Permitted Refinancing Debt thereof) that is subject to the terms of the
Second Lien Intercreditor Agreement; provided that after giving effect to the incurrence or issuance thereof, the Borrower shall be in compliance on a pro forma basis with the financial covenants; and 

(m) obligations in respect of any Borrower Preferred Units so long as such obligations are not classified as debt under GAAP or
no mandatory redemption payment is then due; provided, however, even if such Issuer Preferred Units are classified as debt under GAAP or a mandatory redemption payment is due thereunder (“Reclassified Units”), such Reclassified
Units shall still be deemed permitted under this Section 9.02(m) as long as the Borrower is in pro forma compliance with Section 9.01 measured upon giving effect to such Reclassified Units. 

Section 9.03 Liens. The Borrower will not, and will not permit any other Loan Party to, create,
incur, assume or permit to exist any Lien on any of its Properties (now owned or hereafter acquired), except: 
 (a) Liens
securing the payment of any Secured Obligations; 
 (b) Excepted Liens; 

(c) Liens securing Purchase Money Security Interests and Capital Leases permitted by Section 9.02(b)
but only on the Property that is the subject of any such purchase money financing or such lease, accessions and improvements thereto, insurance thereon, and the proceeds of the foregoing; 

(d) Liens securing Second Lien Obligations (including Permitted Refinancing Debt thereof), provided that such Liens are junior
and subordinate to the Liens securing the payment of any Secured Obligations hereunder in accordance with the Second Lien Intercreditor Agreement and are at all times subject to the Second Lien Intercreditor Agreement; and 

(e) other Liens on Property not constituting Collateral for the Secured Obligations not to exceed $3,000,000 in the aggregate
at any one time outstanding. 
 Section 9.04 Restricted Payments. 

(a) The Borrower will not, and will not permit any of the other Loan Party to, declare or make, or agree to pay or make,
directly or indirectly, any Restricted Payment, except: 
 (i) the Borrower may make Restricted Payments with respect to its
Equity Interests payable solely in additional shares of its Equity Interests (other than Disqualified Capital Stock); 

  
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 (ii) Subsidiaries may declare and pay dividends and other Restricted Payments to
the Borrower and any other Loan Party; 
 (iii) so long as no Default or Event of Default exists or would result therefrom,
the Borrower may make Permitted Tax Distributions provided that in the case of an Excess Tax Distribution the Borrower may only make such distribution so long as both before and immediately after giving effect to such Excess Tax Distribution
(A) the unused total Commitments then in effect shall be equal to or greater than 20% of the total Commitments then in effect and (B) the Borrower’s ratio of Total Funded Debt to EBITDAX is not greater than 3.50 to 1.00 (using
(x) Total Funded Debt outstanding on such date after giving effect to such Restricted Payment and (y) EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding such date for which financial
statements are available); 
 (iv) the Borrower may make cash distributions in an amount not to exceed $8,000,000 in any
fiscal year of Borrower to promptly fund dividends or distributions on any Borrower Preferred Units (for the purpose of allowing RRI to make subsequent equivalent dividends or distributions on the corresponding preferred Equity Interests of RRI)
other than the Borrower Series B Preferred Units; provided that any such Borrower Preferred Units issued after the First Amendment Effective Date shall be on the same terms and conditions as those governing the Borrower Series A Preferred
Units issued by the Borrower prior to the First Amendment Effective Date or on terms and conditions otherwise acceptable to the Administrative Agent; and provided further, that both before and immediately after giving effect to such Restricted
Payment (A) no Default or Event of Default exists, (B) the unused total Commitments then in effect shall be equal to or greater than 20% of the total Commitments then in effect and (C) the Borrower’s ratio of Total Funded Debt to
EBITDAX is not greater than 3.50 to 1.00 (using (x) Total Funded Debt outstanding on such date after giving effect to such Restricted Payment and (y) EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter
immediately preceding such date for which financial statements are available); 
 (v) the Borrower may make cash
distributions in an amount not to exceed the sum of (A) $25,000,000 in any fiscal year of Borrower to promptly fund dividends or distributions on the Borrower Series B Preferred Units (for the purpose of allowing RRI to make subsequent equivalent
dividends or distributions on the corresponding Series B Redeemable Preferred Stock of RRI), which may be carried over to subsequent Fiscal Years to the extent that any portion of such dividend or distribution that was required to be paid in such
Fiscal Year otherwise went unpaid during such Fiscal Year, and (B) any corresponding default premiums or penalties incurred in respect of the failure to timely pay dividends of distributions on the Borrower Series B Preferred Units so long as
both before and immediately after giving effect to such Restricted Payment (1) no Default or Event of Default exists, (2) the unused total Commitments then in effect shall be equal to or greater than 20% of the total Commitments then in
effect and (3) the 

  
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Borrower’s ratio of Total Funded Debt to EBITDAX is not greater than 3.50 to 1.00 (using (x) Total Funded Debt outstanding on such date after giving effect to such Restricted Payment
and (y) EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding such date for which financial statements are available); 

(vi) to the extent permitted under Section 9.04(b), the Borrower may make redemptions of the Borrower
Series B Preferred Units (for the purpose of the substantially contemporaneous redemption of an equivalent amount of Series B Redeemable Preferred Stock of RRI) with the cash proceeds of Senior Unsecured Notes permitted under
Section 9.02(h) or from the cash proceeds of the issuance of Equity Interests (other than Disqualified Capital Stock) of RRI that are contributed by RRI to the Borrower to the extent such cash proceeds are contributed in
the form of common equity or preferred equity and (x) held in an account that is subject to an Account Control Agreement until applied towards such redemption of the Borrower Series B Preferred Units and (y) otherwise applied towards
such redemption of the Borrower Series B Preferred Units within twenty-five (25) days; and 
 (vii) the Borrower
may make Restricted Payments to holders of the Borrower’s Common Units in connection with any exchange of Common Units of the Borrower for Class A Common Stock of RRI pursuant to Section 4.6 of the Borrower LLC Agreement payable in
Equity Interests of RRI or in cash, in each case, to the extent that the Equity Interests and cash is received by the Borrower from RRI substantially contemporaneously therewith. 

(b) The Borrower will not, and will not permit any other Loan Party to call, make or offer to make any optional or voluntary
redemption of or otherwise optionally or voluntarily redeem (whether in whole or in part) its preferred Equity other than (i) with the cash proceeds of the issuances of common or preferred Equity Interests on terms not materially more adverse
to Borrower in accordance with Section 9.04(a)(vi) above (other than Disqualified Capital Stock) or (ii) with (x) the cash proceeds of Senior Unsecured Notes in accordance with
Section 9.04(a)(vi) above or (y) other cash on hand, in the case of this clause (ii), so long as (A) no Default or Event of Default exists, (B) Borrower is in pro forma compliance with the financial
covenants in Section 9.01, (C) the unused total Commitments then in effect is not less than 20% of the total Commitments then in effect and (D) the Borrower’s ratio of Total Funded Debt to EBITDAX is not
greater than 3.50 to 1.00 (using (x) Total Funded Debt outstanding on such date after giving effect to such Restricted Payment and (y) EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding
such date for which financial statements are available) on the date of such redemption. 

Section 9.05 Investments, Loans and Advances. The Borrower will not, and will not permit any
other Loan Party to, make or permit to remain outstanding any Investments in or to any Person, except that the foregoing restriction shall not apply to: 

(a) Investments which are disclosed to the Lenders in Schedule 9.05; 

  
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 (b) accounts receivable arising in the ordinary course of business; 

(c) direct obligations of the United States or any agency thereof, or obligations guaranteed by the United States or any agency
thereof, in each case maturing within one year from the date of acquisition thereof; 
 (d) commercial paper maturing within
one year from the date of acquisition thereof rated in one of the two highest grades by S&P or Moody’s; 
 (e)
deposits maturing within one year from the date of creation thereof with, including certificates of deposit issued by, any Lender or any office located in the United States of any other bank or trust company which is organized under the laws of the
United States or any state thereof, has capital, surplus and undivided profits aggregating at least $500,000,000 (as of the date of such bank or trust company’s most recent financial reports) and has a short term deposit rating of no lower than
A2 or P2, as such rating is set forth from time to time, by S&P or Moody’s, respectively; 
 (f) Investments in
money market or similar funds with assets of at least $1,000,000,000 and rated Aaa by Moody’s or AAA by S&P; 
 (g)
Investments (i) made by the Borrower in or to its Subsidiaries that are Loan Parties or (ii) made by Loan Parties to each other or the Borrower provided, that, as a condition thereto, the Borrower and the Loan Parties have taken all such
actions to the satisfaction of the Administrative Agent necessary to maintain the Administrative Agent’s perfected first priority lien on the Property subject to such Investment; 

(h) Investments in direct ownership interests in additional Oil and Gas Properties and gas gathering systems related thereto or
related to farm-out, farm-in, joint operating, joint venture or area of mutual interest agreements, participation agreements, gathering systems, pipelines or other
similar arrangements which are usual and customary in the oil and gas exploration and production business located within the geographic boundaries of the United States of America; 

(i) Investments pursuant to Swap Agreements or hedging agreements otherwise permitted under this Agreement; and 

(j) Investments constituting deposits made in connection with the purchase of goods or services in the ordinary course of
business; 
 (k) (A) Permitted Equity Acquisitions and (B) the purchase or acquisition of Oil and Gas Properties by
Borrower or any Guarantor (i) in the case of clauses (A) and (B), from the identifiable cash proceeds of the issuance of Equity Interests (other than Disqualified Capital Stock) by RRI that are (w) contributed to the Borrower on
account of the Borrower’s common Equity Interests, (x) designated by the Borrower to be used for Permitted Equity Acquisitions or the purchase or acquisition of Oil and Gas Properties in a writing delivered to the Administrative Agent
promptly following such contribution or issuance, (y) held in a segregated account that is otherwise subject to an Account Control Agreement until applied towards such Permitted Equity Acquisition or

  
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acquisition and (z) otherwise applied towards such Permitted Equity Acquisition or acquisition within 270 days of receipt (“Qualified Equity Proceeds”) or (ii) in the
case of clauses (A) and (B), from any other sources in an amount not to exceed (solely with respect to this clause (ii)) $15,000,000 for all such Permitted Equity Acquisitions and acquisitions during any fiscal year and $40,000,000 in the
aggregate for all such Permitted Equity Acquisitions and acquisitions during the term of this Agreement; provided that no Loan Party shall be permitted to make an Investment under this clause (k) to the extent that a Default or an Event
of Default has occurred or is continuing unless (1) such Loan Party entered into a binding agreement to make such Investment when no Default or Event of Default had occurred and was continuing or (2) in the event such Permitted Equity
Acquisition or purchase or acquisition of Oil and Gas Properties is funded solely with Qualified Equity Proceeds, such Default or Event of Default could be cured as a result of making such Permitted Equity Acquisition or purchase or acquisition of
Oil and Gas Properties; 
 (l) Investments pursuant to Swap Agreements not prohibited under Section 9.17; 

(m) the Whitehorse Asset Acquisition; 

(n) the trade or exchange of Oil and Gas Properties for Oil and Gas Properties of equivalent (as reasonably determined by the
Borrower in good faith) value (including any cash necessary to achieve an exchange of equivalent value subject to Section 9.11(f)); and 

(o) other Investments, not to exceed $1,000,000 in the aggregate at any one time outstanding. 

Section 9.06 Nature of Business; No International Operations. The Borrower will not allow any
material change to be made in the character of its business as an independent oil and gas exploration and production company. The Loan Parties will not (i) acquire or make any other expenditures (whether such expenditure is capital, operating
or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States or (ii) acquire or create any Foreign Subsidiary. 

  
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 Section 9.07 Proceeds of Loans. The Borrower will
not permit the proceeds of the Loans to be used for any purpose other than those permitted by Section 7.23. No Loan Party nor any Person acting on behalf of the Borrower has taken or will take any action which causes any of
the Loan Documents to violate Regulations T, U or X or any other regulation of the Board or to violate Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may
hereinafter be in effect. If requested by the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender FR Form U-1 or such other form referred to in Regulation U,
Regulation T or Regulation X of the Board, as the case may be. The Borrower will not request any Borrowing or Letter of Credit, and the Borrower shall not use, and shall procure that its Subsidiaries and its or their respective directors,
officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit: 
 (a) in furtherance of an
offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, 

(b) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned
Person, or in any Sanctioned Country to the extent such activities, businesses or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in the United States; or 

(c) in any manner that would result in the violation of any Sanctions applicable to any party hereto. 

Section 9.08 ERISA Compliance. Except as could not reasonably be expected to result in a
Material Adverse Effect, the Borrower will not, and will not permit any other Loan Party to, at any time: 
 (a) Allow any
ERISA Event to occur; or 
 (b) Contribute to or assume an obligation to contribute to, or permit any Subsidiary to
contribute to or assume an obligation to contribute to, any Multiemployer Plan. 
 Section 9.09
Sale or Discount of Receivables. Except for receivables obtained by the Loan Parties out of the ordinary course of business or the settlement of joint interest billing accounts in the ordinary course of business or discounts granted to settle
collection of accounts receivable or the sale of defaulted accounts arising in the ordinary course of business in connection with the compromise or collection thereof and not in connection with any financing transaction, the Borrower will not, and
will not permit any other Loan Party to, discount or sell (with or without recourse) any of its notes receivable or accounts receivable. 
 
Section 9.10 Mergers, Etc. Neither the Borrower nor any other Loan Party will merge into or with or consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or sell, lease or otherwise
dispose of (whether in one transaction or in a series of transactions) all or substantially all of its Property to any other Person, (whether now owned or hereafter acquired) (any such transaction, a “consolidation”), or liquidate or
dissolve, except that (a) any Loan Party may consolidate with or into the Borrower (provided the Borrower shall be the continuing or surviving entity) and (b) any Loan Party (other than the Borrower) may consolidate with any other Loan
Party. 
 Section 9.11 Sale of Properties and Termination of Hedging Transactions. The
Borrower will not, and will not permit any other Loan Party to, sell, assign, farm-out, convey or otherwise transfer any Property (subject to Section 9.10) or otherwise monetize any
Swap Agreement in respect of commodities, in each case, except for: 
 (a) the sale of inventory (including Hydrocarbons) in
the ordinary course of business; 

  
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 (b) farmouts in the ordinary course of business of undeveloped acreage or
undrilled depths to which no Proved Reserves were attributable to in the most recent Reserve Report delivered to the Administrative Agent and assignments in connection with such farmouts; provided that (i) this clause (b) shall not
permit farmouts of undeveloped acreage or undrilled depths in respect of either the Wolfcamp or Bone Spring formations owned by the Borrower on the First Amendment Effective Date and (ii) farmouts made pursuant to this clause (b) in
respect of undeveloped acreage or undrilled depths acquired pursuant to the Whitehorse Asset Acquisition shall not exceed 1,000 acres in the aggregate; 

(c) the sale or transfer of equipment that is no longer necessary for the business of the Borrower or such other Loan Party or
are replaced by equipment of at least comparable value and use; 
 (d) to the extent approved by the Administrative Agent in
connection with Permitted Equity Acquisition; 
 (e) the pooling or unitization of Oil and Gas Properties to which no
material Proved Reserves are attributed in the ordinary course of business, so long as, after giving effect to the disposition and the concurrent payment of Loans, no Event of Default or Borrowing Base Deficiency would exist or result therefrom
(after giving pro forma effect to any concurrent repayment of the Loans with the cash proceeds of such disposition); 
 (f)
the sale or other disposition of any Oil and Gas Property or Midstream Property or any interest therein (including all but not less than all of any Equity Interest in any Loan Party that owns Oil and Gas Property or Midstream Property), or the
termination, unwinding, cancellation or other disposition of Swap Agreements having a fair market value not to exceed $15,000,000 in any fiscal year for all such sales, dispositions, terminations, unwinds or cancellations and $40,000,000 in the
aggregate for all such sales, dispositions, terminations, unwinds or cancellations over the term of this Agreement; provided that: 

(i) no Default exists, and no Borrowing Base Deficiency is increased by or results from, such sale or disposition of Oil and
Gas Property or the termination or monetization of any Swap Agreement in respect of commodities (after giving effect to any simultaneous prepayments); 

(ii) 100% of the consideration received in respect of such sale or other disposition or termination shall be cash or other Oil
and Gas Properties or Midstream Property acceptable to the Majority Lenders in their discretion subject to compliance with Section 8.14, 

(iii) the consideration received in respect of such sale or other disposition or termination or monetization of any Swap
Agreement in respect of commodities shall be equal to or greater than the fair market value of the Oil and Gas Property, Midstream Property or interest therein or Subsidiary subject of such sale or other disposition, or Swap Agreement which is the
subject of such termination or monetization (as reasonably determined by the Administrative Agent), 

  
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 (iv) immediately after giving effect to such sale or disposition of Oil and Gas
Property or the termination or monetization of any Swap Agreement in respect of commodities, the unused total Commitments then in effect shall be equal to or greater than 20% of the total Commitments then in effect, and 

(v) the Borrowing Base shall be adjusted in accordance with the terms of Section 2.07(e)(ii), and the
Borrower shall make any required corresponding prepayment under Section 3.04(c)(iii). 
 (g)
transfers of Properties from any Loan Party to the Borrower or any other Loan Party; provided, that, as a condition thereto, the Borrower and the Loan Parties have taken all such actions to the satisfaction of the Administrative Agent
necessary to maintain the Administrative Agent perfected first lien or the Property subject to such transfer; 
 (h) the
trade or exchange of unproved Oil and Gas Properties for Oil and Gas Properties of equivalent (as reasonably determined by the Borrower in good faith) value (including any cash necessary to achieve an exchange of equivalent value); and 

(i) the non-cash trade or exchange of Oil and Gas Properties to the extent constituting
undeveloped acreage or undrilled depths to which no Proved Reserves were attributable to in the most recent Reserve Report delivered to the Administrative Agent for Oil and Gas Properties in the ordinary course of business and customary in the oil
and gas business; provided that, (A) the fair market value and quality of the Oil and Gas Properties obtained by the Borrower or any Subsidiary shall be at least as great as the fair market value and quality of the Oil and Gas Properties
relinquished by the Borrower or any Subsidiary; (B) the Oil and Gas Properties obtained in such trade or exchange shall be made subject to a Mortgage in favor of the Administrative Agent concurrently with such trade or exchange; (C) the
Oil and Gas Properties obtained by the Borrower or any Subsidiary shall be located in the Delaware Basin; (D) the Oil and Gas Properties obtained by the Borrower or any Subsidiary shall be subject to no Liens other than Liens permitted under
Section 9.03; and (E) the aggregate acreage of Oil and Gas Properties disposed of pursuant to this clause (i) without obtaining the Administrative Agent’s prior written consent shall be no greater than 1,000
net mineral acres in the aggregate for all such trades or exchanges; and 
 (j) Casualty Events. 

Section 9.12 Sales and Leasebacks. The Borrower will not, and will not permit any other Loan
Party to enter into any arrangement with any Person providing for the leasing by any Loan Party of real or personal property that has been or is to be sold or transferred by such Loan Party to such Person or to any other Person to whom funds have
been or are to be advanced by such Person on the security of such property or rental obligations of such Loan Party. 

  
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 Section 9.13 Environmental Matters. The Borrower
will not, and will not permit any other Loan Party to, (a) cause or knowingly permit any of its Property to be in violation of, or (b) do anything or knowingly permit anything to be done which will subject any such Property to any Remedial
Work (other than Remedial Work done in the ordinary course of business) under, any Environmental Laws that could reasonably be expected to have a Material Adverse Effect; it being understood that clause (b) above will not be deemed as limiting
or otherwise restricting any obligation to disclose any relevant facts, conditions and circumstances pertaining to such Property to the appropriate Governmental Authority. 

Section 9.14 Transactions with Affiliates. Borrower will not, and will not permit any other Loan
Party to, enter into any transaction, including any purchase, sale, lease or exchange of Property or the rendering of any service, with any Affiliate unless such transactions are otherwise permitted under this Agreement and are upon fair and
reasonable terms no less favorable to it than it would obtain in a comparable arm’s length transaction with a Person not an Affiliate; provided that the foregoing shall not apply to (a) transactions among the Borrower or its Affiliates, on
the one hand, and any holder of preferred Equity Interest or Person affiliated therewith, on the other hand, in connection with the Series B Preferred Equity Issuance, the Second Lien Notes or the Second Lien Documents, (b) transactions
among the Borrower and its Affiliates entered into in connection with the Business Combination Transaction, including the Crude Oil Gathering Agreement, the Gas Gathering Agreement, the Transition Services Agreement and the Contribution Agreement
(in each case as defined in the Business Combination Agreement), (b) transactions between Borrower or its Affiliates with RRI or its Affiliates for financial advisory, underwriting, capital raising, and other services, (c) transactions between
Borrower and Loan Parties and (d) any transactions pursuant to the Tax Receivable Agreement. 

Section 9.15 Negative Pledge Agreements; Dividend Restrictions. The Borrower will not, and will
not permit any other Loan Party to, create, incur, assume or suffer to exist any contract, agreement or understanding which in any way prohibits or restricts (a) the granting, conveying, creation or imposition of any Lien on any of its Property
to secure the Secured Obligations or which requires the consent of other Persons in connection therewith or (b) the Borrower or any other Loan Party from paying dividends or making distributions to any Loan Party or receiving any money in
respect of Debt or other obligations owed to it, or which requires the consent of or notice to other Persons in connection therewith; provided that (i) the foregoing shall not apply to restrictions and conditions under the Loan Documents or the
Second Lien Documents (subject to the Intercreditor Agreement), (ii) the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of any asset or another Loan Party pending such sale; provided
such restrictions and conditions apply only to the asset or other Loan Party that is to be sold and such sale is permitted hereunder, and (iii) clause (a) of the foregoing shall not apply to (A) restrictions or conditions imposed by any
agreement relating to purchase money Liens or Capital Leases permitted by this Agreement if such restrictions or conditions apply only to the property or assets securing such purchase money Liens or Capital Leases and (B) customary provisions
in leases restricting the assignment thereof, (C) customary provisions restricting assignment of any licensing agreement (in which a Loan Party or its Subsidiaries are the licensee) with respect to a contract entered into by a Loan Party or its
Subsidiaries in the ordinary course of business and (D) customary provisions restricting subletting, sublicensing or assignment of any intellectual property license or any lease governing any Oil and Gas Properties of a Loan Party and its
Subsidiaries. 

  
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 Section 9.16
Take-or-Pay or Other Prepayments . The Borrower will not, and will not permit any other Loan Party to, allow take-or-pay or other prepayments with respect to the Oil and Gas Properties of the Borrower or any other Loan Party that would require the Borrower or such other Loan Party to deliver Hydrocarbons at some
future time without then or thereafter receiving full payment therefor to exceed $1,000,000 in the aggregate. 
 
Section 9.17 Swap Agreements. 
 (a) The Borrower will not, and will not permit any other Loan Party to,
enter into any Swap Agreements with any Person other than: 
 (i) Swap Agreements in respect of commodities (A) with an
Approved Counterparty, (B) which have a tenor not greater than five (5) years and (C) the notional volumes for which (when aggregated and netted with other commodity Swap Agreements then in effect other than basis differential swaps
on volumes already hedged pursuant to other Swap Agreements) do not exceed, as of the date such Swap Agreement is executed and at any time, (x) for any month during the period from the then current date until two (2) years after the then
current date, the greater of (1) 85% of the projected production from Proved Reserves from Oil and Gas Properties of the Loan Parties (such notional volume to be based upon the projections contained in the then most recently delivered Reserve
Report) or (2) 75% of Forecasted Production in each case for crude oil, natural gas and natural gas liquids, calculated separately, for each month during the period commencing on the month when such Swap Agreement is executed, and (y) for any
month during the period that is more than two (2) years from the then current date, the greater of (1) 75% of the projected production from Proved Reserves from Oil and Gas Properties of the Loan Parties (such notional volume to be based upon
the projections contained in the then most recently delivered Reserve Report) or (2) 50% of Forecasted Production in each case for crude oil, natural gas and natural gas liquids, calculated separately, for each month during the period commencing on
the month when such Swap Agreement is executed; provided that (I) in no event shall any Swap Agreement contain any requirement, agreement or covenant for any Loan Party to post collateral or margin to secure their obligations under such Swap
Agreement or to cover market exposures (other than under the Security Instruments), other than cash or letters of credit in an aggregate amount at any time not to exceed $2,500,000, (II) Swap Agreements shall only be entered into in the
ordinary course of business (and not for speculative purposes), and (III) no Swap Agreement in respect of commodities shall be terminated, unwound, cancelled or otherwise disposed of except to the extent permitted by
Section 9.11; provided further that the Borrower shall be deemed to be in compliance with this Section 9.17(a) so long as the Borrower does not have commodity Swap Agreements then in effect that
exceed 110% of the minimum hedging requirements set forth in Section 8.18 of the Second Lien Note Purchase Agreement or Section 5.06 of the Stock Purchase Agreement as in effect on the First Amendment Effective Date; and 

  
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 (ii) Swap Agreements in respect of interest rates with an Approved Counterparty,
the notional amounts of which, when aggregated with all other interest rate Swap Agreements of the Borrower and the Loan Parties then in effect, do not exceed 75% of the then outstanding principal amount of the Borrower’s and the Loan
Party’s aggregate Debt for borrowed money; provided that in no event shall any Swap Agreement contain any requirement, agreement or covenant for the Borrower or any Loan Party to post collateral or margin to secure their obligations
under such Swap Agreement or to cover market exposures other than collateral provided for in, and upon the terms and conditions set forth in, this Agreement and the relevant Security Instruments. 

(b) If, after the end of any calendar month, the Borrower determines that the aggregate volume of all effective hedge
transactions for which settlement payments were calculated in the immediately preceding calendar month exceeds 100% of actual production from Proved Reserves from Oil and Gas Properties of the Loan Parties in such preceding calendar month, then
the Borrower shall promptly notify the Administrative Agent and, if the Administrative Agent requests within 30 days thereof, the Borrower shall terminate, unwind, create off-setting positions or take other
actions within 30 days of receiving such request from the Administrative Agent such that, after giving effect thereto, no more than 100% of the projected production from Proved Reserves from Oil and Gas Properties of the Loan Parties, calculated
separately for crude oil, natural gas and natural gas liquids, calculated separately (such notional volume to be based upon the projections contained in the then most recently delivered Reserve Report), as reasonably approved by Administrative
Agent, is hedged. 
 Section 9.18 Amendments to Organizational Documents and Material
Contracts. The Borrower shall not, and shall not permit any other Loan Party to, (a) amend, supplement or otherwise modify (or permit to be amended, supplemented or modified) its Organizational Documents, the Crude Oil Gathering Agreement,
the Gas Gathering Agreement, the Transition Services Agreement or the Contribution Agreement in each case as defined in the Business Combination Agreement) and the Tax Receivable Agreement, in any material respect that could reasonably be expected
to be adverse to the interests of the Administrative Agent or the Lenders without the consent of the Administrative Agent (not to be unreasonably withheld or delayed), other than (i) amendments that delete or reduce any fees payable by any Loan
Party to a Person other than the Administrative Agent or any Lender, (ii) the termination of services provided under the Transition Services Agreement as contemplated therein or (iii) the extension of services under the Transition Services
Agreements on substantially similar commercial terms, or (b) (i) amend, supplement or otherwise modify (or permit to be amended, supplemented or modified) any agreement to which it is a party, (ii) terminate, replace or assign any of
the Loan Party’s interests in any agreement or (iii) permit any agreement not to be in full force and effect and binding upon and enforceable against the parties thereto, in each case if such occurrence could be reasonably expected to
result in a Material Adverse Effect. Notwithstanding the foregoing, the Borrower shall not, and shall not permit any other Loan Party to, amend, supplement or otherwise modify (or permit to be amended, supplemented or modified) any

  
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provision of its Organizational Documents with respect to preferred Equity Interests, including ownership, issuance or distributions with respect thereto, without the consent of the
Administrative Agent; provided, that such amendments, supplements or modifications may be undertaken in order to authorize additional Equity Interests in order to make Restricted Payments in Equity Interests contemplated under
Section 9.04(a). 
 Section 9.19 Changes in Fiscal Periods. The
Borrower shall not, and shall not permit any other Loan Party to have its fiscal year end on a date other than December 31 or change the its method of determining fiscal quarters. 

Section 9.20 No Subsidiaries. The Borrower shall not permit, and shall not permit the other
Loan Parties to own or create directly or indirectly any Subsidiaries other than any Subsidiary formed after the Effective Date that joins this Agreement as a Guarantor in accordance with Section 8.14(b). 

Section 9.21 Redemption of Senior Unsecured Notes; Amendment of Senior Unsecured Notes
Documents. The Borrower will not, and will not permit the other Loan Parties to: 
 (a) prior to the Maturity Date call,
make or offer to make any optional or voluntary Redemption of or otherwise optionally or voluntarily Redeem (whether in whole or in part) any Senior Unsecured Notes; provided that, so long as no Event of Default or Borrowing Base Deficiency shall
have occurred and be continuing or would result therefrom, the Borrower may optionally prepay Senior Unsecured Notes, in whole or in part, with the proceeds of Senior Unsecured Notes; 

(b) in the case of Senior Unsecured Notes or any Senior Unsecured Notes Documents related thereto, amend, modify, waive or
otherwise change, consent or agree to any amendment, modification, waiver or other change to, any of the terms of any such Senior Unsecured Notes or any Senior Unsecured Notes Document related thereto if the effect thereof would be cause such Debt
no longer to qualify as Senior Unsecured Notes pursuant to the definition thereof; and 
 (c) designate any Debt (other than
obligations of the Borrower and the Subsidiaries pursuant to the Loan Documents) as “Specified Senior Indebtedness” or “Specified Guarantor Senior Indebtedness” or give any such other Debt any other similar designation. 

Section 9.22 Marketing Activities. The Borrower will not, and will not permit any of the other
Loan Parties to, engage in marketing activities for any Hydrocarbons or enter into any contracts related thereto other than (i) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from their proved Oil and
Gas Properties during the period of such contract, (ii) contracts for the sale of Hydrocarbons scheduled or reasonably estimated to be produced from proved Oil and Gas Properties of third parties during the period of such contract associated
with the Oil and Gas Properties of the Borrower and the other Loan Parties that the Borrower or one of the other Loan Parties has the right to market pursuant to joint operating agreements, unitization agreements or other similar contracts that are
usual and customary in the oil and gas business and (iii) other contracts for the purchase and/or sale of 

  
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Hydrocarbons of third parties (A) which have generally offsetting provisions (i.e. corresponding pricing mechanics, delivery dates and points and volumes) such that no “position”
is taken and (B) for which appropriate credit support has been taken to alleviate the material credit risks of the counterparty thereto. 

Section 9.23 Prepayment of Second Lien Notes; Amendment of Second Lien Documents. The Borrower
will not, and will not permit the other Loan Parties to: 
 (a) call, make or offer to make any optional or voluntary
prepayment (whether in whole or in part) of any Second Lien Notes (other than from the cash proceeds of any Permitted Refinancing Debt or the cash proceeds of the issuances of common or preferred Equity Interests on terms not materially more adverse
to Borrower (other than Disqualified Capital Stock)); provided that, any such optional or voluntary prepayment shall be permitted so long as both before and immediately after giving effect to such prepayment, redemption or repurchase (i) no
Default or Event of Default or Borrowing Base Deficiency shall have occurred and be continuing, (ii) all prepayments required hereunder have been made, (iii) Borrower is in pro forma compliance with the financial covenants in
Section 9.01, and (iv) if such prepayment is made other than with the cash proceeds of the issuances of common or preferred Equity Interests on terms not materially more adverse to Borrower (other than Disqualified
Capital Stock) or the cash proceeds of Senior Unsecured Notes, the unused total Commitments then in effect shall be equal to or greater than 20% of the total Commitments then in effect and the Borrower’s ratio of Total Funded Debt to EBITDAX is
not greater than 3.50 to 1.00 (using (x) Total Funded Debt outstanding on such date after giving effect to such prepayment or redemption and (y) EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately
preceding such date for which financial statements are available); 
 (b) in the case of Second Lien Notes or any Second Lien
Documents related thereto, amend, modify, waive or otherwise change, consent or agree to any amendment, modification, waiver or other change to, any of the terms of any such Second Lien Notes or any Second Lien Document except to the extent
permitted in the Second Lien Intercreditor Agreement; and 
 (c) grant a Lien on any Property to secure Second Lien
Obligations without substantially contemporaneously offering to grant to the Administrative Agent, as security for the Secured Obligations, a Lien on the same property pursuant to the Security Instruments (it being understood that if any Security
Instruments is required to be executed to grant such Lien such Security Instruments shall be in form and substance reasonably satisfactory to Administrative Agent); provided, however, the refusal or inability of the Administrative Agent to accept
such Lien will not prevent the administrative agent under the Second Lien Documents from taking the Lien. 

Section 9.24 Negative Pledge; Restrictions on Guarantees. 

(a) RRI will not create, incur or permit to exist, will defend, at its sole cost and expense, its Equity Interests in the
Borrower against, and will take all such other action as is necessary to remove, any Lien or claim on, in or to its Equity Interests in the Borrower. 

  
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 (b) RRI will not be permitted to incur any Debt (other than, to the extent
constituting Debt, obligations in respect of any Series A Preferred Stock or Series B Redeemable Preferred Stock) or provide a guaranty in respect of Debt of any other Person unless RRI first becomes a Guarantor and party to the Guaranty Agreement.

 ARTICLE X 

EVENTS OF DEFAULT; REMEDIES 

Section 10.01 Events of Default. One or more of the following events shall constitute an
“Event of Default”: 
 (a) the Borrower shall fail to pay any principal of any Loan or any reimbursement
obligation in respect of any LC Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof, by acceleration or otherwise; 

(b) the Borrower shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in
Section 10.01(a)) payable under any Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of three (3) Business Days; 

(c) any representation or warranty made or deemed made by or on behalf of the Borrower or any other Loan Party in or in
connection with any Loan Document or any amendment or modification of any Loan Document or waiver under such Loan Document, or in any report, notice, certificate, financial statement or other document furnished pursuant to or in connection with any
Loan Document or any amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any material respect when made or deemed made (or, to the extent that any such representation and warranty is qualified by
materiality, such representation and warranty (as so qualified) shall prove to have been incorrect in any respect when made or deemed made); 

(d) the Borrower or any other Loan Party shall fail to observe or perform any covenant, condition or agreement contained in
Section 8.02, Section 8.03, Section 8.14, Section 8.16, Section 8.17, Section 8.18 or in
ARTICLE IX; 
 (e) the Borrower or any other Loan Party shall fail to observe or perform any
covenant, condition or agreement contained in this Agreement (other than those specified in Section 10.01(a), Section 10.01(b), Section 10.01(c) or
Section 10.01(d)) or any other Loan Document, and such failure shall continue unremedied for a period of 30 days after the earlier to occur of (A) notice thereof from the Administrative Agent to the Borrower
(which notice will be given at the request of any Lender) or (B) a Responsible Officer of the Borrower or such other Loan Party otherwise becoming aware of such default; 

  
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 (f) the Borrower or any other Loan Party shall fail to make any payment (whether
of principal or interest and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable after giving effect to any grace periods applicable thereto; 

(g) any event or condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or
that enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of such Material Indebtedness or any trustee or agent on its or their behalf to cause such Material Indebtedness to become due, or to
require the Redemption thereof or any offer to Redeem to be made in respect thereof, prior to its scheduled maturity or require the Borrower or any other Loan Party to make an offer in respect thereof; 

(h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation,
reorganization or other relief in respect of any Loan Party, or its or their debts, or of a substantial part of its or their assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect
or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any other Loan Party or for a substantial part of its or their assets, and, in any such case, such proceeding or
petition shall continue undismissed for sixty (60) days or an order or decree approving or ordering any of the foregoing shall be entered; 

(i) the Borrower or any other Loan Party shall (i) voluntarily commence any proceeding or file any petition seeking
liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate
manner, any proceeding or petition described in Section 10.01(h), (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any
other Loan Party or for a substantial part of its or their assets, (iv) file an answer admitting the material allegations of a petition filed against it or them in any such proceeding, (v) make a general assignment for the benefit of
creditors, (vi) take any action for the purpose of effecting any of the foregoing; or (vii) become unable, admit in writing its inability or fail generally to pay its debts as they become due; 

(j) one or more judgments for the payment of money in an aggregate amount in excess of $2,000,000 (to the extent not covered by
independent third party insurance as to which the insurer does not dispute coverage and is not subject to an insolvency proceeding) shall be rendered against any Loan Party or any combination thereof and the same shall remain undischarged for a
period of 30 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of any Loan Party to enforce any such judgment; 

(k) the Loan Documents after delivery thereof shall for any reason, except to the extent permitted by the terms thereof, cease
to be in full force and effect and valid, 

  
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binding and enforceable in accordance with their terms against the Borrower or a Loan Party thereto or shall be repudiated by any of them or cease to create valid and perfected Liens of the
priority required thereby on the Collateral purported to be covered thereby, except to the extent permitted by the terms of this Agreement, or the Borrower or any other Loan Party or any of their Affiliates shall so state in writing; 

(l) (i) an ERISA Event occurs with respect to a Plan that has resulted or could reasonably be expected to result in a Material
Adverse Effect, or (ii) Borrower or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a
Multiemployer Plan that has resulted or could reasonably be expected to result in a Material Adverse Effect; 
 (m) an
“Event of Default” shall occur under the Senior Unsecured Notes Documents or the Second Lien Documents; and 
 (n)
a Change in Control shall occur. 
 Section 10.02 Remedies. 

(a) In the case of an Event of Default (other than one described in Section 10.01(h) or
Section 10.01(i)), at any time thereafter during the continuance of such Event of Default, the Administrative Agent may with the consent of the Majority Lenders or shall at the request of the Majority Lenders, by notice to
the Borrower, take either or both of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) by written notice to the Borrower, declare the
Notes and the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so
declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Loan Parties accrued hereunder and under the Notes and the other Loan Documents (including the payment of cash collateral to secure the
LC Exposure as provided in Section 2.08(j)), shall become due and payable immediately, without presentment, demand (other than written notice), protest, notice of intent to accelerate, notice of acceleration or other notice
of any kind, all of which are hereby waived by each Loan Party; and in case of an Event of Default described in Section 10.01(h) or Section 10.01(i), the Commitments shall automatically terminate
and the Notes and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and the other obligations of the Borrower and the other Loan Parties accrued hereunder and under the Notes and the other Loan
Documents (including the payment of cash collateral to secure the LC Exposure as provided in Section 2.08(j)), shall automatically and immediately become due and payable, without presentment, demand, protest, notice of
intent to accelerate, notice of acceleration, or other notice of any kind, all of which are hereby waived by each Loan Party. 

(b) In the case of the occurrence of an Event of Default, the Administrative Agent and the Lenders will have all other rights
and remedies available at law and equity. 

  
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 (c) All proceeds realized from the liquidation or other disposition of collateral
or otherwise received after maturity of the Loans, whether by acceleration or otherwise, shall be applied: 
 (i) first, to
payment or reimbursement of that portion of the Secured Obligations constituting fees, expenses and indemnities payable to the Administrative Agent in its capacity as such; 

(ii) second, pro rata to payment or reimbursement of that portion of the Secured Obligations constituting fees, expenses and
indemnities payable to the Lenders; 
 (iii) third, pro rata to payment of accrued interest on the Loans; 

(iv) fourth, pro rata to payment of principal outstanding on the Loans and Secured Obligations referred to in clause (y)
of the definition of Secured Obligations in respect of Secured Cash Management Agreements and Secured Swap Agreements; 
 (v)
fifth, pro rata to any other Secured Obligations; 
 (vi) sixth, to serve as cash collateral to be held by the Administrative
Agent to secure the LC Exposure; and 
 (vii) seventh, any excess, after all of the Secured Obligations shall have been
indefeasibly paid in full in cash, shall be paid to the Borrower or as otherwise required by any Governmental Requirement. 

Notwithstanding the foregoing, amounts received from the Borrower or any Guarantor that is not an “eligible contract
participant” under the Commodity Exchange Act shall not be applied to any Excluded Swap Obligations (it being understood, that in the event that any amount is applied to Secured Obligations other than Excluded Swap Obligations as a result of
this this clause, the Administrative Agent shall make such adjustments as it determines are appropriate to distributions pursuant to clause fourth above from amounts received from “eligible contract participants” under the Commodity
Exchange Act to ensure, as nearly as possible, that the proportional aggregate recoveries with respect to Secured Obligations described in clause fourth above by the holders of any Excluded Swap Obligations are the same as the proportional aggregate
recoveries with respect to other Secured Obligations pursuant to clause fourth above). 
 ARTICLE XI 

THE ADMINISTRATIVE AGENT 
 
Section 11.01 Appointment; Powers. Each of the Lender and the Issuing Bank hereby irrevocably appoints the Administrative Agent as its agent and authorizes the Administrative Agent to take such actions on its behalf and to exercise
such powers as are delegated to the Administrative Agent by the terms hereof and the other Loan Documents, together with such actions and powers as are reasonably incidental thereto. 

  
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 Section 11.02 Duties and Obligations of Administrative
Agent. The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any
fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing (the use of the term “agent” herein and in the other Loan Documents with reference to the Administrative Agent is not intended to connote any
fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law; rather, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between
independent contracting parties), (b) the Administrative Agent shall have no duty to take any discretionary action or exercise any discretionary powers, except as provided in Section 11.03, and (c) except as
expressly set forth herein, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any Loan Party that is communicated to or obtained by the bank
serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by the Borrower or a
Lender, and shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any
certificate, report or other document delivered hereunder or under any other Loan Document or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth
herein or in any other Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, (v) the satisfaction of any condition set
forth in ARTICLE VI or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent or as to those conditions precedent expressly required to be to the
Administrative Agent’s satisfaction, (vi) the existence, value, perfection or priority of any collateral security or the financial or other condition of the Borrower and the other Loan Parties or any other obligor or guarantor, or
(vii) any failure by the Borrower or any other Person (other than itself) to perform any of its obligations hereunder or under any other Loan Document or the performance or observance of any covenants, agreements or other terms or conditions
set forth herein or therein. For purposes of determining compliance with the conditions specified in ARTICLE VI, each Lender and the Issuing Bank shall be deemed to have consented to, approved or accepted or to be satisfied
with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender or the Issuing Bank unless the Administrative Agent shall have received written notice from such Lender prior to the
Effective Date specifying its objection thereto. 
 Section 11.03 Action by Administrative
Agent. The Administrative Agent shall have no duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative
Agent is required to exercise in writing as directed by the Majority Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 12.02) and in all cases
the Administrative Agent shall be fully justified in failing or refusing to act hereunder or under any other Loan Documents unless it shall (a) receive written instructions from the Majority Lenders or the Lenders, as applicable, (or such other
number or percentage of the Lenders as shall be necessary under the circumstances as provided 

  
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in Section 12.02) specifying the action to be taken and (b) be indemnified to its satisfaction by the Lenders against any and all liability and expenses which may
be incurred by it by reason of taking or continuing to take any such action. The instructions as aforesaid and any action taken or failure to act pursuant thereto by the Administrative Agent shall be binding on all of the Lenders. If a Default has
occurred and is continuing, then the Administrative Agent shall take such action with respect to such Default as shall be directed by the requisite Lenders in the written instructions (with indemnities) described in this
Section 11.03, provided that, unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such
action, with respect to such Default as it shall deem advisable in the best interests of the Lenders. In no event, however, shall the Administrative Agent be required to take any action which, in its opinion, or the opinion of its counsel, exposes
the Administrative Agent to liability or which is contrary to this Agreement, the Loan Documents or applicable law, including, for the avoidance of doubt, any action that may be in violation of the automatic stay under any debtor relief law or that
may effect a forfeiture, modification or termination property of a Defaulting Lender in violation of any debtor relief law. If a Default has occurred and is continuing, no Agent shall have any obligation to perform any act in respect thereof. The
Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Majority Lenders or the Lenders (or such other number or percentage of the Lenders as shall be necessary under the
circumstances as provided in Section 12.02), and otherwise the Administrative Agent shall not be liable for any action taken or not taken by it hereunder or under any other Loan Document or under any other document or
instrument referred to or provided for herein or therein or in connection herewith or therewith INCLUDING ITS OWN ORDINARY NEGLIGENCE, except for its own gross negligence or willful misconduct. 

Section 11.04 Reliance by Administrative Agent. The Administrative Agent shall be entitled to
rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. The
Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon and each of the Borrower and the Lenders and the
Issuing Bank hereby waives the right to dispute the Administrative Agent’s record of such statement, except in the case of gross negligence or willful misconduct by the Administrative Agent. The Administrative Agent may consult with legal
counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. The
Administrative Agent may deem and treat the payee of any Note as the holder thereof for all purposes hereof unless and until a written notice of the assignment or transfer thereof permitted hereunder shall have been filed with the Administrative
Agent. 
 Section 11.05 Subagents. The Administrative Agent may perform any and all of its
duties and exercise its rights and powers by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent
may perform any and all its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions of this ARTICLE XI shall apply to any such
sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the
syndication of the credit facilities provided for herein as well as activities as Administrative Agent. 

  
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 Section 11.06 Resignation of Administrative Agent.
Subject to the appointment and acceptance of a successor Administrative Agent as provided in this Section 11.06, the Administrative Agent may resign at any time by notifying the Lenders, the Issuing Bank and the Borrower.
Upon any such resignation, the Majority Lenders shall have the right, in consultation with the Borrower, to appoint a successor. If no successor shall have been so appointed by the Majority Lenders and shall have accepted such appointment within
30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing Banks, appoint a qualified financial institution as successor Administrative
Agent. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the
retiring Administrative Agent shall be discharged from its duties and obligations hereunder. The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between
the Borrower and such successor. After the Administrative Agent’s resignation hereunder, the provisions of this ARTICLE XI and Section 12.03 shall continue in effect for the benefit of such
retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as Administrative Agent. 

Section 11.07 Administrative Agent as Lender. The Administrative Agent hereunder shall have the
same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage in any
kind of business with the Borrower or any other Loan Party or other Affiliate thereof as if it were not the Administrative Agent hereunder. 

Section 11.08 No Reliance. Each Lender acknowledges that it has, independently and without
reliance upon the Administrative Agent, any other Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and each other Loan
Document to which it is a party. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent, any other Lender or any other Lender, and based on such documents and information as it shall from time to
time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document, any related agreement or any document furnished hereunder or thereunder. The Agents shall not be
required to keep themselves informed as to the performance or observance by the Borrower, or any of the other Loan Parties of this Agreement, the Loan Documents or any other document referred to or provided for herein or to inspect the Properties or
books of any such Person. Except for notices, reports and other documents and information expressly required to be furnished to the Lenders by the Administrative Agent hereunder, no Agent nor any Arranger shall have any duty or responsibility to
provide any Lender with any credit or other information concerning the affairs, financial condition or business of the Borrower or any Loan Party (or any of their Affiliates) which may come into the possession of such Agent or any of its Affiliates.
In this regard, each Lender acknowledges that Winstead PC is acting in this transaction as special 

  
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counsel to the Administrative Agent only, except to the extent otherwise expressly stated in any legal opinion or any Loan Document. Each other party hereto will consult with its own legal
counsel to the extent that it deems necessary in connection with the Loan Documents and the matters contemplated therein. 
 
Section 11.09 Administrative Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative
to the Borrower or any of the other Loan Parties, the Administrative Agent (irrespective of whether the principal of any Loan or LC Disbursement shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of
whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, LC
Disbursements and all other Secured Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the Issuing Bank and the Administrative Agent (including any
claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative Agent under
Section 2.08, Section 3.05 and Section 12.03) allowed in such judicial proceeding; and 

(b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;

 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized
by each Lender and the Issuing Bank to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders and the Issuing Bank, to pay to the
Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under
Section 3.05 and Section 12.03. 
 Nothing contained herein shall be
deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or the Issuing Bank any plan of reorganization, arrangement, adjustment or composition affecting the Secured Obligations or the rights
of any Lender or the Issuing Bank or to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding. 

Section 11.10 Authority of Administrative Agent to Release Collateral and Liens. The Lenders
and the Issuing Bank, and by accepting the benefits of the Collateral, each Secured Swap Provider and each Secured Cash Management Provider: 

(a) irrevocably authorize the Administrative Agent to comply with the provisions of Section 12.18.

 (b) authorize the Administrative Agent to execute and deliver to the Loan Parties, at the Borrower’s sole cost and
expense, any and all releases of Liens, 

  
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termination statements, assignments or other documents as reasonably requested by such Loan Party in connection with any disposition of Property to the extent such disposition is permitted by the
terms of Section 9.11 or is otherwise authorized by the terms of the Loan Documents. 
 Upon
request by the Administrative Agent at any time, the Majority Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from
its obligations under the Guaranty Agreement pursuant to this Section 11.10 or Section 12.18. 

Section 11.11 Duties of the Arranger. The Arranger shall not have any duties, responsibilities
or liabilities under this Agreement and the other Loan Documents. 
 ARTICLE XII 

MISCELLANEOUS 
 
Section 12.01 Notices. 
 (a) Except in the case of notices and other communications expressly permitted to
be given by telephone (and subject to Section 12.01(b)), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or
registered mail or sent by fax, as follows: 
 (i) if to the Borrower, to it at 16200 Park Row, Suite 300, Houston Texas
77084, Attention: Alan Townsend (Telephone No. (281) 675-3400; 
 (ii) if to the
Administrative Agent or PNC Bank as the Issuing Bank, to it at Two Allen Center, 1200 Smith Street, Suite 830, Houston, Texas 77002, Attention: Denise Davis (Facsimile No. (713) 658-3985) 

with a copy to: 

Agency Services, PNC Bank, National Association, Mail Stop P7-PFSC-04-1, 500 First Avenue, Pittsburgh, PA 15219, Attention: Agency Services (Facsimile No. (412) 762-8672); and 

(iii) if to any other Lender or Issuing Bank, to it at its address (or fax number) set forth in its Administrative
Questionnaire. 
 (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic
communications pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to ARTICLE II, ARTICLE III,
ARTICLE IV and ARTICLE V unless otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and
other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. 

  
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 (c) Any party hereto may change its address or fax number for notices and other
communications hereunder by notice to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt. 

Section 12.02 Waivers; Amendments. 

(a) No failure on the part of the Administrative Agent, any other Agent, the Issuing Bank or Lender to exercise and no delay in
exercising, and no course of dealing with respect to, any right, power or privilege, or any abandonment or discontinuance of steps to enforce such right, power or privilege, under any of the Loan Documents shall operate as a waiver thereof, nor
shall any single or partial exercise of any right, power or privilege under any of the Loan Documents preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies of the
Administrative Agent, each other Agent, the Issuing Bank and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this
Agreement or any other Loan Document or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by Section 12.02(b), and then such waiver or consent shall be
effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of
whether the Administrative Agent, any other Agent, any Lender or the Issuing Bank may have had notice or knowledge of such Default at the time. 

(b) Neither this Agreement nor any provision hereof nor any Loan Document nor any provision thereof may be waived, amended or
modified except pursuant to an agreement or agreements in writing entered into by the Borrower and/or the other applicable Loan Parties and the Majority Lenders or by the Borrower and/or the other applicable Loan Parties and the Administrative Agent
with the consent of the Majority Lenders; provided that no such agreement shall (i) increase the Commitment or Maximum Credit Amount of any Lender without the written consent of such Lender, (ii) except as otherwise provided in
Section 2.07, increase the Borrowing Base without the written consent of each non-Defaulting Lender, or decrease or maintain the Borrowing Base without the consent of the Required
Lenders (other than Defaulting Lenders); provided that a Scheduled Redetermination may be postponed by the Required Lenders, (iii) reduce the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce any
fees payable hereunder, or reduce any other Secured Obligations hereunder or under any other Loan Document, without the written consent of each Lender affected thereby, (iv) postpone the scheduled date of payment or prepayment of the principal
amount of any Loan or LC Disbursement, or any interest thereon, or any fees payable hereunder, or any other Secured Obligations hereunder or under any other Loan Document, or reduce the amount of, waive or excuse any such payment, or postpone or
extend the Maturity Date or the Termination Date without the written consent of each Lender affected thereby, (v) change Section 4.01(b) or Section 4.01(c) in a manner that would alter the pro
rata sharing of payments required thereby, without the written consent of each Lender, (vi) waive or amend Section 3.04(c), 

  
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Section 6.01, or Section 12.18 without the written consent of each Lender affected thereby (other than any Defaulting Lender),
(vii) release any material Guarantor (except as set forth in Section 11.10 or the Guaranty Agreement), release all or substantially all of the collateral (other than as provided in
Section 11.10), or reduce the percentages set forth in Section 8.14(a), without the written consent of each Lender (other than any Defaulting Lender), (viii) change any of the provisions of
this Section 12.02(b) or the definitions of “Majority Lenders” or “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any
rights hereunder or under any other Loan Documents or make any determination or grant any consent hereunder or any other Loan Documents, without the written consent of each Lender (other than any Defaulting Lender); or (ix) change
Section 10.02(c) without the consent of each Person to whom a Secured Obligation is owed; provided further that no such agreement shall amend, modify or otherwise affect the rights or duties of the
Administrative Agent or Issuing Bank hereunder or under any other Loan Document without the prior written consent of the Administrative Agent or Issuing Bank, as the case may be. Notwithstanding the foregoing, any supplement to any Schedule shall be
effective simply by delivering to the Administrative Agent a supplemental schedule clearly marked as such and, upon receipt, the Administrative Agent will promptly deliver a copy thereof to the Lenders. Notwithstanding the foregoing, the Borrower
and the Administrative Agent may amend this Agreement or any other Loan Document without the consent of the Lenders in order to correct, amend or cure any ambiguity, inconsistency or defect or correct any typographical error or other manifest error
in any Loan Document. 
 Section 12.03 Expenses, Indemnity; Damage Waiver. 

(a) The Borrower shall pay (i) all reasonable
out-of-pocket expenses incurred by the Administrative Agent and its Affiliates, including the reasonable fees, charges and disbursements of counsel for the
Administrative Agent and its Affiliates and to the extent necessary as determined by the Administrative Agent, other outside consultants for the Administrative Agent, the reasonable travel, photocopy, mailing, courier, telephone and other similar
expenses, and the cost of environmental assessments and audits and surveys and appraisals, in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration (both
before and after the execution hereof and including advice of counsel to the Administrative Agent as to the rights and duties of the Administrative Agent and the Lenders with respect thereto) of this Agreement and the other Loan Documents and any
amendments, modifications or waivers of or consents related to the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all costs, expenses, Taxes, assessments and other
charges incurred by the Administrative Agent in connection with any filing, registration, recording or perfection of any security interest contemplated by this Agreement or any Security Instrument or any other document referred to therein,
(iii) all reasonable out-of-pocket expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or
any demand for payment thereunder, (iv) all out-of-pocket expenses incurred by the Administrative Agent, any other Agent, the Issuing Bank or any Lender, including
the fees, charges and disbursements of any 

  
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external counsel for the Administrative Agent, any other Agent, the Issuing Bank or any Lender in connection with the enforcement or protection of its rights in connection with this Agreement or
any other Loan Document, including its rights under this Section 12.03 in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 

(b) THE BORROWER SHALL INDEMNIFY EACH AGENT, THE ARRANGER, THE ISSUING BANK AND EACH LENDER, AND EACH RELATED PARTY OF ANY OF
THE FOREGOING PERSONS (EACH SUCH PERSON BEING CALLED AN “INDEMNITEE”) AGAINST, AND DEFEND AND HOLD EACH INDEMNITEE HARMLESS FROM, ANY AND ALL LOSSES, CLAIMS, DAMAGES, PENALTIES, LIABILITIES AND RELATED EXPENSES, INCLUDING THE FEES, CHARGES
AND DISBURSEMENTS OF ANY OUTSIDE COUNSEL FOR ANY INDEMNITEE, INCURRED BY OR ASSERTED AGAINST ANY INDEMNITEE ARISING OUT OF, IN CONNECTION WITH, OR AS A RESULT OF (i) THE EXECUTION OR DELIVERY OF THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ANY
AGREEMENT OR INSTRUMENT CONTEMPLATED HEREBY OR THEREBY, (ii) THE PERFORMANCE BY THE PARTIES HERETO OR THE PARTIES TO ANY OTHER LOAN DOCUMENT OF THEIR RESPECTIVE OBLIGATIONS HEREUNDER OR THEREUNDER OR THE CONSUMMATION OF THE TRANSACTIONS
CONTEMPLATED HEREBY OR BY ANY OTHER LOAN DOCUMENT, (iii) THE FAILURE OF THE BORROWER OR ANY LOAN PARTY TO COMPLY WITH THE TERMS OF ANY LOAN DOCUMENT, INCLUDING THIS AGREEMENT, OR WITH ANY GOVERNMENTAL REQUIREMENT, (iv) ANY INACCURACY OF
ANY REPRESENTATION OR ANY BREACH OF ANY WARRANTY OR COVENANT OF THE BORROWER OR ANY LOAN PARTIES SET FORTH IN ANY OF THE LOAN DOCUMENTS OR ANY INSTRUMENTS, DOCUMENTS OR CERTIFICATIONS DELIVERED IN CONNECTION THEREWITH, (v) ANY LOAN OR LETTER OF
CREDIT OR THE USE OF THE PROCEEDS THEREFROM, INCLUDING (A) ANY REFUSAL BY THE ISSUING BANK TO HONOR A DEMAND FOR PAYMENT UNDER A LETTER OF CREDIT IF THE DOCUMENTS PRESENTED IN CONNECTION WITH SUCH DEMAND DO NOT STRICTLY COMPLY WITH THE TERMS OF
SUCH LETTER OF CREDIT, OR (B) THE PAYMENT OF A DRAWING UNDER ANY LETTER OF CREDIT NOTWITHSTANDING THE NON-COMPLIANCE, NON-DELIVERY OR OTHER IMPROPER PRESENTATION OF
THE DOCUMENTS PRESENTED IN CONNECTION THEREWITH, (vi) ANY OTHER ASPECT OF THE LOAN DOCUMENTS, (vii) THE OPERATIONS OF THE BUSINESS OF THE BORROWER OR ANY OTHER LOAN PARTY BY SUCH PERSONS, (viii) ANY ASSERTION THAT THE LENDERS WERE NOT
ENTITLED TO RECEIVE THE PROCEEDS RECEIVED PURSUANT TO THE SECURITY INSTRUMENTS, (ix) ANY ENVIRONMENTAL LAW APPLICABLE TO THE BORROWER OR ANY OTHER LOAN PARTY OR ANY OF THEIR PROPERTIES OR OPERATIONS, INCLUDING THE PRESENCE, GENERATION, STORAGE,
RELEASE, THREATENED RELEASE, USE, TRANSPORT, DISPOSAL, ARRANGEMENT OF DISPOSAL OR TREATMENT OF OIL, OIL AND GAS WASTES, SOLID WASTES OR 

  
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HAZARDOUS MATERIALS ON OR AT ANY OF THEIR PROPERTIES, (x) THE BREACH OR NON-COMPLIANCE BY THE BORROWER OR ANY OTHER LOAN PARTY WITH ANY ENVIRONMENTAL
LAW APPLICABLE TO THE BORROWER OR ANY OTHER LOAN PARTY, (xi) THE PAST OWNERSHIP BY THE BORROWER OR ANY OTHER LOAN PARTY OF ANY OF THEIR PROPERTIES OR PAST ACTIVITY ON ANY OF THEIR PROPERTIES WHICH, THOUGH LAWFUL AND FULLY PERMISSIBLE AT THE
TIME, COULD RESULT IN PRESENT LIABILITY, (xii) THE PRESENCE, USE, RELEASE, STORAGE, TREATMENT, DISPOSAL, GENERATION, THREATENED RELEASE, TRANSPORT, ARRANGEMENT FOR TRANSPORT OR ARRANGEMENT FOR DISPOSAL OF OIL, OIL AND GAS WASTES, SOLID WASTES
OR HAZARDOUS MATERIALS ON OR AT ANY OF THE PROPERTIES OWNED OR OPERATED BY THE BORROWER OR ANY OTHER LOAN PARTY OR ANY ACTUAL OR ALLEGED PRESENCE OR RELEASE OF HAZARDOUS MATERIALS ON OR FROM ANY PROPERTY OWNED OR OPERATED BY THE BORROWER OR ANY
OTHER LOAN PARTY, (xiii) ANY ENVIRONMENTAL LIABILITY RELATED IN ANY WAY TO THE BORROWER OR ANY OTHER LOAN PARTY, (xiv) ANY OTHER ENVIRONMENTAL, HEALTH OR SAFETY CONDITION IN CONNECTION WITH THE LOAN DOCUMENTS, OR (xv) ANY ACTUAL OR
PROSPECTIVE CLAIM, LITIGATION, INVESTIGATION OR PROCEEDING RELATING TO ANY OF THE FOREGOING, WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY, WHETHER BROUGHT BY A THIRD PARTY OR BY ANY LOAN PARTY, AND REGARDLESS OF WHETHER ANY INDEMNITEE IS A
PARTY THERETO, AND SUCH INDEMNITY SHALL EXTEND TO EACH INDEMNITEE NOTWITHSTANDING THE SOLE OR CONCURRENT NEGLIGENCE OF EVERY KIND OR CHARACTER WHATSOEVER, WHETHER ACTIVE OR PASSIVE, WHETHER AN AFFIRMATIVE ACT OR AN OMISSION, INCLUDING ALL TYPES OF
NEGLIGENT CONDUCT IDENTIFIED IN THE RESTATEMENT (SECOND) OF TORTS OF ONE OR MORE OF THE INDEMNITEES OR BY REASON OF STRICT LIABILITY IMPOSED WITHOUT FAULT ON ANY ONE OR MORE OF THE INDEMNITEES INCLUDING ORDINARY NEGLIGENCE; PROVIDED THAT SUCH
INDEMNITY SHALL NOT, AS TO ANY INDEMNITEE, BE AVAILABLE TO THE EXTENT THAT SUCH LOSSES, CLAIMS, DAMAGES, LIABILITIES OR RELATED EXPENSES ARE DETERMINED BY A COURT OF COMPETENT JURISDICTION BY FINAL AND NONAPPEALABLE JUDGMENT TO (X) HAVE
RESULTED FROM (1) THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH INDEMNITEE OR (2) THE MATERIAL BREACH OF SUCH INDEMNITEE’S OBLIGATIONS UNDER THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS OR (Y) RELATE TO TAXES, WHICH SHALL BE
SUBJECT TO INDEMNIFICATION PURSUANT TO SECTION 5.03, OTHER THAN TAXES THAT REPRESENT LOSSES, CLAIMS, DAMAGES, ETC. ARISING FROM ANY NON-TAX CLAIM. 

(c) To the extent that the Borrower fails to pay any amount required to be paid by it to the Administrative Agent, any Agent,
any Arranger or any Issuing Bank under Section 12.03(a) or (b), each Lender severally agrees to pay to the Administrative Agent, such Agent, such Arranger or such Issuing Bank, as the case may be, such Lender’s

  
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Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or
indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, such Agent, such Arranger or such Issuing Bank in its capacity as such. 

(d) To the extent permitted by applicable law, the Borrower shall not, and shall cause each Loan Party not to, assert, and
hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any
other Loan Document or any agreement or instrument contemplated hereby or thereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. 

(e) All amounts due under this Section 12.03 shall be payable not later than 10 days after
written demand and invoice therefor. 
 Section 12.04 Successors and Assigns. 

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit), except that (i) the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder
without the prior written consent of the Administrative Agent and each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights
or obligations hereunder except in accordance with this Section 12.04. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective
successors and assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in Section 12.04(c)) and, to the extent expressly contemplated
hereby, the Related Parties of each of the Administrative Agent, the Issuing Bank and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) (ii) Subject to the conditions set forth in Section 12.04(b)(ii), any Lender may assign to one or
more assignees (each, an “Assignee”) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it) with the prior written consent of: 

(A) the Borrower (such consent not to be unreasonably withheld), provided that no consent of the Borrower shall be
required if (1) an Event of Default has occurred and is continuing or (2) at any other time, such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided further, that the Borrower shall be deemed to
have consented to any such assignment unless the Borrower shall object thereto by written notice to the Administrative Agent with five (5) Business Days after having received written notice thereof; and 

  
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 (B) the Administrative Agent, provided that no consent of the
Administrative Agent shall be required for an assignment to an assignee that is a Lender immediately prior to giving effect to such assignment; and 

(C) each Issuing Bank, provided that no consent of any Issuing Bank shall be required for an assignment to an assignee
that is a Lender immediately prior to giving effect to such assignment. 
 (ii) Assignments shall be subject to the following
additional conditions: 
 (A) except in the case of an assignment to a Lender, an Affiliate of a Lender, an Approved Fund or
an assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption
with respect to such assignment is delivered to the Administrative Agent) shall not be less than $5,000,000 unless each of the Borrower and the Administrative Agent otherwise consent, provided that no such consent of the Borrower shall be
required if an Event of Default has occurred and is continuing; 
 (B) each partial assignment shall be made as an
assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement; 
 (C)
the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500; and 

(D) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire; and

 (E) the assignee must not be a natural person, a Defaulting Lender or an Affiliate or Subsidiary of the Borrower. 

(iii) Subject to Section 12.04(b)(iv) and the acceptance and recording thereof, from and after the
effective date specified in each Assignment and Assumption the Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of
the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Section 5.01,
Section 5.02, Section 5.03 and Section 12.03). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this
Section 12.04 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 12.04(c). 

  
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 (iv) The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and
the Maximum Credit Amount of, and principal amount (and stated interest) of the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be
conclusive absent manifest error, and the Borrower, the Administrative Agent, the Issuing Bank and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this
Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrower, the Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable prior notice. In connection with any
changes to the Register, if necessary, the Administrative Agent will reflect the revisions on Annex I and forward a copy of such revised Annex I to the Borrower, the Issuing Bank and each Lender. 

(v) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the
Assignee’s completed Administrative Questionnaire and, if required hereunder, applicable tax forms (unless the Assignee shall already be a Lender hereunder), the processing and recordation fee referred to in this
Section 12.04(b) and any written consent to such assignment required by this Section 12.04(b), the Administrative Agent shall accept such Assignment and Assumption and record the information
contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this Section 12.04(b). 

(vi) Notwithstanding the foregoing, no assignment or participation shall be made to any Loan Party or any Affiliate of a Loan
Party. 
 (c) (iii) Any Lender may at any time, without the consent of, or notice to, the Borrower, the Administrative Agent,
Issuing Bank or any other Person, sell participations to any Person (other than a natural Person or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (a “Participant”) in all or a portion of such Lender’s
rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it); provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender
shall remain solely responsible to the other parties hereto for the performance of such obligations, (C) the Borrower, the Administrative Agent, the Issuing Bank and the other Lenders shall continue to deal solely and directly with such Lender
in connection with such Lender’s rights and obligations under this Agreement, and (D) the selling Lender shall maintain the Participant Register. Any agreement or instrument pursuant to which a Lender sells such

  
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a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement;
provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to
Section 12.02(b) that affects such Participant. In addition such agreement must provide that the Participant be bound by the provisions of Section 12.03. Subject to
Section 12.04(c)(ii), the Borrower agrees that each Participant shall be entitled to the benefits of Section 5.01, Section 5.02 and Section 5.03
to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section 12.04(b). To the extent permitted by law, each Participant also shall be entitled to the benefits of
Section 12.08 as though it were a Lender, provided such Participant agrees to be subject to Section 4.01(c) as though it were a Lender. Each Lender that sells a participation shall, acting solely
for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each
Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register
(including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such
disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries
in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding
any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(i) A Participant shall not be entitled to receive any greater payment under Section 5.01 or
Section 5.03 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the entitlement to a greater payment results from a change in Law after such
Participant acquired its participation. A Participant that would be a foreign Lender if it were a Lender shall not be entitled to the benefits of Section 5.03 unless such Participant agrees, for the benefit of the Borrower,
to comply with Section 5.03(f) as though it were a Lender (it being understood the documentation required under Section 5.03(f) shall be provided only to the selling Lender). 

(d) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to
secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or a central bank, and this Section 12.04(d) shall not apply to any such pledge or assignment of a
security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or Assignee for such Lender as a party hereto. 

  
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 (e) Notwithstanding any other provisions of this
Section 12.04, no transfer or assignment of the interests or obligations of any Lender or any grant of participations therein shall be permitted if such transfer, assignment or grant would require the Borrower and the other
Loan Parties to file a registration statement with the SEC or to qualify the Loans under the “Blue Sky” laws of any state. 
 
Section 12.05 Survival; Revival; Reinstatement. 
 (a) All covenants, agreements, representations and
warranties made by the Loan Parties herein and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto
and shall survive the execution and delivery of this Agreement and the other Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and
notwithstanding that the Administrative Agent, any other Agent, the Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue
in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid or any Letter of Credit or other Secured Obligations are outstanding and
so long as the Commitments have not expired or been terminated. The provisions of Section 5.01, Section 5.02, Section 5.03 and Section 12.03 and
ARTICLE XI shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the
Commitments or the termination of this Agreement, any other Loan Document or any provision hereof or thereof. 
 (b) To the
extent that any payments on the Secured Obligations or proceeds of any collateral are subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, debtor in possession, receiver or other
Person under any bankruptcy law, common law or equitable cause, then to such extent, the Secured Obligations shall be revived and continue as if such payment or proceeds had not been received and the Administrative Agent’s and the Lenders’
Liens, security interests, rights, powers and remedies under this Agreement and each Loan Document shall continue in full force and effect. In such event, each Loan Document shall be automatically reinstated and the Borrower shall, and shall cause
each other Loan Party to, take such action as may be reasonably requested by the Administrative Agent and the Lenders to effect such reinstatement. 

Section 12.06 Counterparts; Integration; Effectiveness. 

(a) This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which
shall constitute an original, but all of which when taken together shall constitute a single contract. 
 (b) This Agreement,
the other Loan Documents and any separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire 

  
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contract among the parties relating to the subject matter hereof and thereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter
hereof and thereof. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES HERETO AND THERETO AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE
ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 
 (c) Except as provided in Section 6.01,
this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties
hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by fax or other similar electronic
means shall be effective as delivery of a manually executed counterpart of this Agreement. 

Section 12.07 Severability. Any provision of this Agreement or any other Loan Document held to
be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining
provisions hereof or thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

Section 12.08 Right of Setoff. If an Event of Default shall have occurred and be continuing,
each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time
held and other obligations (of whatsoever kind, including obligations under Swap Agreements) at any time owing by such Lender or Affiliate to or for the credit or the account of the Borrower or any other Loan Party against any of and all the
obligations of the Borrower or any other Loan Party owed to such Lender now or hereafter existing under this Agreement or any other Loan Document, irrespective of whether or not such Lender shall have made any demand under this Agreement or any
other Loan Document and although such obligations may be unmatured. The rights of each Lender under this Section 12.08 are in addition to other rights and remedies (including other rights of setoff) which such Lender or its
Affiliates may have. 
 Section 12.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF
PROCESS. 
 (a) THIS AGREEMENT AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF TEXAS EXCEPT TO THE EXTENT THAT UNITED STATES FEDERAL LAW PERMITS ANY LENDER TO CONTRACT FOR, CHARGE, RECEIVE, RESERVE OR TAKE INTEREST AT THE RATE ALLOWED BY THE LAWS OF THE STATE WHERE SUCH LENDER IS LOCATED. CHAPTER 346 OF THE TEXAS
FINANCE CODE (RELATING TO REVOLVING LOAN AND REVOLVING TRIPARTY ACCOUNTS), SHALL NOT APPLY TO THIS AGREEMENT OR ANY LOANS OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

  
 124 

 (b) EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY: SUBMITS (AND THE
BORROWER SHALL CAUSE EACH LOAN PARTY TO SUBMIT) FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS TO WHICH IT IS A PARTY, OR FOR RECOGNITION AND ENFORCEMENT OF ANY JUDGMENT IN
RESPECT THEREOF, TO THE EXCLUSIVE JURISDICTION OF THE STATE DISTRICT COURTS OF HARRIS COUNTY, TEXAS AND THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF TEXAS AND APPELLATE COURTS FROM ANY THEREOF; PROVIDED, THAT NOTHING
CONTAINED HEREIN OR IN ANY OTHER LOAN DOCUMENT WILL PREVENT ANY PARTY FROM BRINGING ANY ACTION TO ENFORCE ANY AWARD OR JUDGMENT OR EXERCISE ANY RIGHT UNDER THE LOAN DOCUMENTS IN ANY OTHER FORUM IN WHICH JURISDICTION CAN BE ESTABLISHED. EACH PARTY
HEREBY IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY SUCH ACTION OR PROCEEDING IN SUCH RESPECTIVE
JURISDICTIONS. 
 (c) EACH PARTY IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OF ANY OF THE AFOREMENTIONED COURTS IN ANY
SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO IT AT THE ADDRESS SPECIFIED IN SECTION 12.01 OR SUCH OTHER ADDRESS AS IS SPECIFIED PURSUANT TO
SECTION 12.01 (OR ITS ASSIGNMENT AND ASSUMPTION), SUCH SERVICE TO BECOME EFFECTIVE THIRTY (30) DAYS AFTER SUCH MAILING. NOTHING HEREIN SHALL AFFECT THE RIGHT OF A PARTY OR ANY HOLDER OF A NOTE TO SERVE PROCESS IN ANY
OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANOTHER PARTY IN ANY OTHER JURISDICTION. 

(d) EACH PARTY HEREBY (i) IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, TRIAL BY JURY IN
ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN; (ii) IRREVOCABLY WAIVES, TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY SUCH
LITIGATION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES, OR DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES; (iii) CERTIFIES THAT NO PARTY HERETO NOR ANY REPRESENTATIVE OR AGENT OF COUNSEL FOR ANY

  
 125 

 
PARTY HERETO HAS REPRESENTED, EXPRESSLY OR OTHERWISE, OR IMPLIED THAT SUCH PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS, AND (iv) ACKNOWLEDGES THAT IT
HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT, THE LOAN DOCUMENTS AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS CONTAINED IN THIS SECTION 12.09. 

Section 12.10 Headings. Article and Section headings and the Table of Contents used herein are
for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

Section 12.11 Confidentiality. Each of the Administrative Agent, the Issuing Bank and the
Lenders (severally and not jointly) agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including
accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and required to keep such Information confidential), (b) to the
extent requested by any regulatory authority having authority over the Administrative Agent or any Lender, (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to
this Agreement or any other Loan Document, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement
of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section 12.11, to (i) any assignee of or Participant in, or any prospective assignee of
or Participant in, any of its rights or obligations under this Agreement (provided that such Person agrees to be bound by the provisions of this Section 12.11) or (ii) any actual or prospective counterparty (or its
advisors) to any Swap Agreement relating to the Borrower and its obligations (provided that such Person agrees to be bound by the provisions of this Section 12.11), (g) with the consent of the Borrower or (h) to
the extent such Information (i) becomes publicly available other than as a result of a breach of this Section 12.11 or (ii) becomes available to the Administrative Agent, the Issuing Bank or any Lender on a
nonconfidential basis from a source other than the Borrower. For the purposes of this Section 12.11, “Information” means all information received from the Borrower or any Subsidiary relating to the Borrower or any
Subsidiary and their businesses, other than any such information that is available to the Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis prior to disclosure by the Borrower or a Subsidiary; provided that, in the case
of information received from the Borrower or any Subsidiary after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this
Section 12.11 shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own
confidential information. 
 Section 12.12 Interest Rate Limitation. It is the intention of
the parties hereto that each Lender and each Issuing Bank shall conform strictly to usury laws applicable to it. Accordingly, if the transactions contemplated hereby would be usurious as to any Lender or any Issuing Bank

  
 126 

 
under laws applicable to it (including the laws of the United States of America and the State of Texas or any other jurisdiction whose laws may be mandatorily applicable to such Lender or such
Issuing Bank notwithstanding the other provisions of this Agreement), then, in that event, notwithstanding anything to the contrary in any of the Loan Documents or any agreement entered into in connection with or as security for the Notes, it is
agreed as follows: (a) the aggregate of all consideration which constitutes interest under law applicable to any Lender that is contracted for, taken, reserved, charged or received by such Lender or such Issuing Bank under any of the Loan
Documents or agreements or otherwise in connection with the Loans or Notes shall under no circumstances exceed the maximum amount allowed by such applicable law, and any excess shall be canceled automatically and if theretofore paid shall be
credited by such Lender on the principal amount of the Secured Obligations (or, to the extent that the principal amount of the Secured Obligations shall have been or would thereby be paid in full, refunded by such Lender or such Issuing Bank to the
Borrower); and (b) in the event that the maturity of the Loans or Notes is accelerated by reason of an election of the holder thereof resulting from any Event of Default under this Agreement or otherwise, or in the event of any required or
permitted prepayment, then such consideration that constitutes interest under law applicable to any Lender or any Issuing Bank may never include more than the maximum amount allowed by such applicable law, and excess interest, if any, provided for
in this Agreement or otherwise shall be canceled automatically by such Lender or such Issuing Bank as of the date of such acceleration or prepayment and, if theretofore paid, shall be credited by such Lender or such Issuing Bank on the principal
amount of the Debt (or, to the extent that the principal amount of the Debt shall have been or would thereby be paid in full, refunded by such Lender to the Borrower). All sums paid or agreed to be paid to any Lender for the use, forbearance or
detention of sums due hereunder shall, to the extent permitted by law applicable to such Lender or such Issuing Bank, be amortized, prorated, allocated and spread throughout the stated term of the Loans until payment in full so that the rate or
amount of interest on account of any Loans hereunder does not exceed the maximum amount allowed by such applicable law. If at any time and from time to time (i) the amount of interest payable to any Lender or any Issuing Bank on any date shall
be computed at the Highest Lawful Rate applicable to such Lender or such Issuing Bank pursuant to this Section 12.12 and (ii) in respect of any subsequent interest computation period the amount of interest otherwise
payable to such Lender or such Issuing Bank would be less than the amount of interest payable to such Lender computed at the Highest Lawful Rate applicable to such Lender or such Issuing Bank, then the amount of interest payable to such Lender or
such Issuing Bank in respect of such subsequent interest computation period shall continue to be computed at the Highest Lawful Rate applicable to such Lender or such Issuing Bank until the total amount of interest payable to such Lender shall equal
the total amount of interest which would have been payable to such Lender or such Issuing Bank if the total amount of interest had been computed without giving effect to this Section 12.12. To the extent that
Chapter 303 of the Texas Finance Code is relevant for the purpose of determining the Highest Lawful Rate applicable to any Lender or any Issuing Bank, such Lender or such Issuing Bank elects to determine the applicable rate ceiling under such
Chapter by the weekly ceiling from time to time in effect. Chapter 346 of the Texas Finance Code does not apply to the Borrower’s obligations hereunder. 

Section 12.13 Collateral Matters; Swap Agreements. The benefit of the Security Instruments and
of the provisions of this Agreement relating to any collateral securing the Secured Obligations shall also extend to and be available to the Secured Swap Providers in 

  
 127 

 
respect of the Secured Swap Agreements as set forth herein. Except as set forth in Section 12.02(b)(v), no Lender or any Affiliate of a Lender shall have any voting
rights under any Loan Document as a result of the existence of obligations owed to it under any such Swap Agreements. 
 
Section 12.14 No Third Party Beneficiaries. This Agreement, the other Loan Documents, and the agreement of the Lenders to make Loans and any Issuing Bank to issue, amend, renew or extend Letters of Credit hereunder are solely for the
benefit of the Borrower, and no other Person (including any other Loan Party of the Borrower, any obligor, contractor, subcontractor, supplier or materialsman) shall have any rights, claims, remedies or privileges hereunder or under any other Loan
Document against the Administrative Agent, Issuing Bank or Lender for any reason whatsoever. There are no third party beneficiaries. 
 
Section 12.15 EXCULPATION PROVISIONS. EACH OF THE PARTIES HERETO SPECIFICALLY AGREES THAT IT HAS A DUTY TO READ THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS AND AGREES THAT IT IS CHARGED WITH NOTICE AND KNOWLEDGE OF THE TERMS OF THIS
AGREEMENT AND THE OTHER LOAN DOCUMENTS; THAT IT HAS IN FACT READ THIS AGREEMENT AND IS FULLY INFORMED AND HAS FULL NOTICE AND KNOWLEDGE OF THE TERMS, CONDITIONS AND EFFECTS OF THIS AGREEMENT; THAT IT HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL
OF ITS CHOICE THROUGHOUT THE NEGOTIATIONS PRECEDING ITS EXECUTION OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS; AND HAS RECEIVED THE ADVICE OF ITS ATTORNEY IN ENTERING INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS; AND THAT IT RECOGNIZES THAT
CERTAIN OF THE TERMS OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS RESULT IN ONE PARTY ASSUMING THE LIABILITY INHERENT IN SOME ASPECTS OF THE TRANSACTION AND RELIEVING THE OTHER PARTY OF ITS RESPONSIBILITY FOR SUCH LIABILITY. EACH PARTY HERETO
AGREES AND COVENANTS THAT IT WILL NOT CONTEST THE VALIDITY OR ENFORCEABILITY OF ANY EXCULPATORY PROVISION OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS ON THE BASIS THAT THE PARTY HAD NO NOTICE OR KNOWLEDGE OF SUCH PROVISION OR THAT THE PROVISION
IS NOT “CONSPICUOUS.” 
 Section 12.16 USA Patriot Act Notice. Each Lender hereby
notifies the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to
obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such Lender to identify the Borrower in accordance with the Act. 

Section 12.17 Flood Insurance Provisions. Notwithstanding any provision in this Agreement or
any other Loan Document to the contrary, in no event is any Building (as defined in the applicable Flood Insurance Regulation) or Manufactured (Mobile) Home (as defined in the applicable Flood Insurance Regulation) included in the definition of
“Mortgaged Property” and no Building or Manufactured (Mobile) Home is hereby encumbered by this Agreement or any other Loan Document. 

  
 128 

 Section 12.18 Releases. 

(a) Release Upon Payment in Full. Upon the complete payment of the Secured Obligations (other than (A) indemnity
obligations not yet due and payable of which the Borrower has not received a notice of potential claim, (B) obligations arising under a Secured Swap Agreement and (C) obligations under Secured Cash Management Agreements not yet due and
payable) and the termination of the Letters of Credit (other than Letters of Credit as to which other arrangements satisfactory to the Administrative Agent and the applicable Issuing Bank shall have been made), and the termination of the Commitments
under the Agreement, the Administrative Agent, at the written request and expense of the Borrower, will promptly release, reassign and transfer the Collateral to the Loan Parties. 

(b) Further Assurances. If any of the Collateral shall be sold, transferred or otherwise disposed of by any Loan Party
in a transaction permitted by the Loan Documents, then the Administrative Agent, at the request and sole expense of the applicable Loan Party, shall promptly execute and deliver to such Loan Party all releases or other documents reasonably necessary
or desirable for the release of the Liens created by the applicable Security Instrument on such Collateral. At the request and sole expense of the Borrower, a Loan Party shall be released from its obligations under the Loan Documents in the event
that all the capital stock or other Equity Interests of such Loan Party shall be sold, transferred or otherwise disposed of in a transaction permitted by the Loan Documents; provided that the Borrower shall have delivered to the
Administrative Agent, at least five Business Days prior to the date of the proposed release, a written request for release identifying the relevant Loan Party and the terms of the sale or other disposition in reasonable detail, including the price
thereof and any expenses in connection therewith, together with a certification by the Borrower stating that such transaction is in compliance with this Agreement and the other Loan Documents. 

Section 12.19 Acknowledgement and Consent to Bail-In
of EEA Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial
Institution arising under any Loan Document may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a) the application of any Write-Down and Conversion Powers by an EEA Resolution
Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 

(b) the effects of any Bail-In Action on any such liability, including, if applicable:

 (i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial
Institution, its parent 

  
 129 

 
entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with
respect to any such liability under this Agreement or any other Loan Document; or 
 (iii) the variation of the terms of such
liability in connection with the exercise of the Write-Down and Conversion Powers of any EEA Resolution Authority. 

Section 12.20 Concerning the Second Lien Intercreditor Agreement. Upon approval of the Second
Lien Intercreditor Agreement by the Majority Lenders, each Lender (a) consents to the Lien priorities provided for in the Second Lien Intercreditor Agreement, (b) agrees that it will be bound by and will take no actions contrary to the
provisions of the Second Lien Intercreditor Agreement, and (c) authorizes and instructs the Administrative Agent to enter into the Second Lien Intercreditor Agreement as first lien agent, collateral agent and any other agent capacity specified
therein. The foregoing provisions are intended as an inducement to the Lenders to extend credit and such Lenders are intended third party beneficiaries of such provisions and the provisions of the Second Lien Intercreditor Agreement. 

[SIGNATURES BEGIN NEXT PAGE] 

  
 130 

 The parties hereto have caused this Agreement to be duly executed as of the day
and year first above written. 
  

							
	BORROWER:	 		 	ROSEHILL OPERATING COMPANY, LLC
				
		 		 	By:	 	 
		 		 		 	James Alan Townsend
		 		 		 	President and Chief Executive Officer

  

SIGNATURE PAGE 

CREDIT AGREEMENT 

							
	ADMINISTRATIVE AGENT:	 		 	     PNC BANK, NATIONAL ASSOCIATION,

    as Administrative Agent

							
				
		 		 	By:	 	 
		 		 	Name:	 	
		 		 	Title	 	

  

SIGNATURE PAGE 

CREDIT AGREEMENT 

							
	LENDER:	 		 	     PNC BANK, NATIONAL ASSOCIATION,

    as a Lender

							
				
		 		 	By:	 	 
		 		 	Name:	 	
		 		 	Title	 	

  

SIGNATURE PAGE 

CREDIT AGREEMENT 

 ANNEX I 

LIST OF MAXIMUM CREDIT AMOUNTS 

Aggregate Maximum Credit Amounts 
  

					
	 Name of Lender
	 	 Applicable Percentage
	 	 Maximum Credit Amount

	 PNC Bank, National Association
	 	100.0%	 	$250,000,000.00
	 TOTAL:
	 	100.0%	 	$250,000,000.00

  
 ANNEX
I - 1 

 EXHIBIT A 

FORM OF NOTE 

[                    ],
201[    ] 
 FOR VALUE RECEIVED, ROSEHILL OPERATING COMPANY, LLC, a Delaware limited liability company (the
“Borrower”), hereby promises to pay to [                ] (the “Lender”), at the principal office of PNC BANK, NATIONAL ASSOCIATION
(the “Administrative Agent”), in accordance with the provisions of the Credit Agreement (as hereinafter defined), the principal sum equal to the amount of such Lender’s Maximum Credit Amount, or, if greater or less, the
aggregate unpaid principal amount of the Loans made by the Lender to the Borrower under the Credit Agreement, in lawful money of the United States of America and in immediately available funds, on the dates and in the principal amounts provided in
the Credit Agreement, and to pay interest on the unpaid principal amount of each such Loan, at such office, in like money and funds, for the period commencing on the date of such Loan until such Loan shall be paid in full, at the rates per annum and
on the dates provided in the Credit Agreement. 
 The date, amount, Type, interest rate, Interest Period and maturity of each Loan made by
the Lender to the Borrower, and each payment made on account of the principal thereof, shall be recorded by the Lender on its books and, prior to any transfer of this Note, may be endorsed by the Lender on the schedules attached hereto or any
continuation thereof or on any separate record maintained by the Lender. Failure to make any such notation or to attach a schedule shall not affect any Lender’s or the Borrower’s rights or obligations in respect of such Loans or affect the
validity of such transfer by any Lender of this Note. 
 This Note is one of the Notes referred to in the Credit Agreement dated as of
April 27, 2017 among the Borrower, the Administrative Agent, and the lenders signatory thereto (including the Lender), and evidences Loans made by the Lender thereunder (such Credit Agreement, as the same may be amended, amended and restated,
modified, or otherwise supplemented from time to time, the “Credit Agreement”). Capitalized terms used in this Note have the respective meanings assigned to them in the Credit Agreement. 

This Note is issued pursuant to, and is subject to the terms and conditions set forth in, the Credit Agreement and is entitled to the benefits
provided for in the Credit Agreement and the other Loan Documents. The Credit Agreement provides for the acceleration of the maturity of this Note upon the occurrence of certain events, for prepayments of Loans upon the terms and conditions
specified therein and other provisions relevant to this Note. 
 [Signature page follows.] 

  
 Exhibit A
– Page 2 

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS.

  

			
	ROSEHILL OPERATING COMPANY, LLC

 
			
		
	By:	 	 

 
			
	Name:	 	 

 
			
	Title:	 	 

  
 Exhibit A
– Page 3 

 EXHIBIT B 

FORM OF BORROWING REQUEST 

[                    ],
201[    ] 
 ROSEHILL OPERATING COMPANY, LLC, a Delaware limited liability company (the “Borrower”),
pursuant to Section 2.03 of the Credit Agreement dated as of April 27, 2017 (together with all amendments, restatements, supplements or other modifications thereto, the “Credit Agreement”) among the Borrower, PNC Bank,
National Association, as Administrative Agent and the lenders (the “Lenders”) which are or become parties thereto (unless otherwise defined herein, each capitalized term used herein is defined in the Credit Agreement), hereby
requests a Borrowing as follows: 
 (1) Aggregate amount of the requested Borrowing is
$[                ]; 
 (2) Date of such Borrowing is
[                ], 201[ ]; 
 (3) Requested Borrowing is to
be [a Base Rate Borrowing] [a LIBOR Rate Borrowing]; 
 (4) In the case of a LIBOR Rate Borrowing, the initial Interest Period applicable
thereto is [                ]; 
 (5) Amount of the Borrowing
Base in effect on the date hereof is $[                ]; 

(6) Total Revolving Credit Exposures on the date hereof (without regard to the requested Borrowing) is
$[                ]; and 
 (7) Pro forma total Revolving
Credit Exposures (giving effect to the requested Borrowing) is $[                ]; and 

(8) Location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of
Section 2.05 of the Credit Agreement, is as follows: 

[                    ] 

[                    ] 

[                    ] 

[                    ] 

[                    ] 

  
 Exhibit B
– Page 1 

 The undersigned certifies that he/she is the
[                    ] of the Borrower, and that as such he/she is authorized to execute this request on behalf of the Borrower. The
undersigned further certifies, represents and warrants on behalf of the Borrower, and not in his or her individual capacity, that the Borrower is entitled to receive the requested Borrowing under the terms and conditions of the Credit Agreement.

  

			
	ROSEHILL OPERATING COMPANY, LLC

 
			
		
	By:	 	 

 
			
	Name:	 	 

 
			
	Title:	 	 

  
 Exhibit B
– Page 2 

 EXHIBIT C 

FORM OF INTEREST ELECTION REQUEST 

[                     ],
201[    ] 
 ROSEHILL OPERATING COMPANY, LLC, a Delaware limited liability company (the “Borrower”),
pursuant to Section 2.04 of the Credit Agreement dated as of April 27, 2017 (together with all amendments, restatements, supplements or other modifications thereto, the “Credit Agreement”) among the Borrower, PNC Bank,
National Association, as Administrative Agent and the lenders (the “Lenders”) which are or become parties thereto (unless otherwise defined herein, each capitalized term used herein is defined in the Credit Agreement), hereby makes
an Interest Election Request as follows: 
 (i) The Borrowing to which this Interest Election Request applies, and if different options are
being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information specified pursuant to (iii) and (iv) below shall be specified for each resulting
Borrowing) is [                 ]; 
 (ii) The effective date
of the election made pursuant to this Interest Election Request is [                 ], 201[ ];[and] 

(iii) The resulting Borrowing is to be [a Base Rate Borrowing] [a LIBOR Rate Borrowing][; and] 

[(iv) [If the resulting Borrowing is a LIBOR Rate Borrowing] The Interest Period applicable to the resulting Borrowing after giving
effect to such election is [                 ]]. 
 The
undersigned certifies that he/she is the [                    ] of the Borrower, and that as such he/she is authorized to execute this request
on behalf of the Borrower. The undersigned further certifies, represents and warrants on behalf of the Borrower, and not in his or her individual capacity, that the Borrower is entitled to receive the requested Borrowing under the terms and
conditions of the Credit Agreement. 
  

			
	ROSEHILL OPERATING COMPANY, LLC

 
			
		
	By:	 	 

 
			
	Name:	 	 

 
			
	Title:	 	 

  
 Exhibit C
– Solo Page 

 EXHIBIT D 

FORM OF 
 COMPLIANCE
CERTIFICATE 

[                    ],
20[    ] 
 The undersigned hereby certifies that he/she is the
[                ] of Rosehill Operating Company, LLC, a Delaware limited liability company (the “Borrower”), and that as such he/she is authorized to
execute this certificate on behalf of the Borrower. With reference to the Credit Agreement dated as of April 27, 2017 (together with all amendments, restatements, supplements or other modifications thereto being the
“Agreement”) among the Borrower, PNC Bank, National Association, as Administrative Agent, and the lenders (the “Lenders”) which are or become a party thereto, the undersigned certifies on behalf of the Borrower, and
not in his or her individual capacity, as follows (each capitalized term used herein having the same meaning given to it in the Agreement unless otherwise specified): 

1 There exists no Default or Event of Default [or specify Default and describe]. 

2 Attached hereto are the detailed computations necessary to determine whether the Borrower is in compliance with Section 9.01 of the
Credit Agreement as of the end of the [fiscal quarter][fiscal year] ending [                ]. 

3. There have been no changes in GAAP or in the application thereof since the date of the most recently delivered financial statements referred
to in Section 8.01(a) and (b) of the Credit Agreement [other than as described below:]. 
 EXECUTED AND DELIVERED as of the date
first written above. 
  

			
	ROSEHILL OPERATING COMPANY, LLC

 
			
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  
 Exhibit D
– Solo Page 

 EXHIBIT E 

FORM OF 
 SOLVENCY
CERTIFICATE 
  

	 TO: PNC Bank, National Association, as Administrative Agent 
	 April 27, 2017 

This Solvency Certificate is executed and delivered pursuant to Section 6.01(i) of the Credit Agreement dated as of the date hereof (as
amended, restated or otherwise modified from time to time, the “Credit Agreement”), among Rosehill Operating Company, LLC, a Delaware limited liability company (“Borrower”), the Lenders from time to time party
thereto, and PNC Bank, National Association, as Administrative Agent. Capitalized terms used herein and not defined have the meanings given such terms in the Credit Agreement. 

The undersigned, in his or her capacity as a Responsible Officer of Borrower, in that capacity only and not in his or her individual capacity,
does hereby certify as of the date hereof, and based upon facts and circumstances as they exist as of the date hereof, that, after giving effect to the Borrowings under the Credit Agreement: 

(a) the aggregate assets (after giving effect to amounts that could reasonably be received by reason of indemnity, offset, insurance or
any similar arrangement), at a fair valuation, of the Loan Parties, taken as a whole, will exceed the aggregate Debt of the Loan Parties on a consolidated basis, as the Debt becomes absolute and matures; 

(b) each Loan Party has not incurred nor intends to incur, and does not believe that it will incur, Debt beyond its ability to pay such
Debt (after taking into account the timing and amounts of cash to be received by it and the amounts to be payable on or in respect of its liabilities, and giving effect to amounts that could reasonably be received by reason of indemnity, offset,
insurance or any similar arrangement) as such Debt becomes absolute and matures; and 
 (c) each Loan Party does not have (and does not
have any reason to believe that it will have hereafter) unreasonably small capital for the conduct of its business. 
 [Remainder of Page
Intentionally Left Blank; Signature Page Follows] 

  
 Exhibit E
– Page 1 

 IN WITNESS WHEREOF, the undersigned has executed this Certificate as of the date first
written above. 
  

			
	By:	 	 
	Name:	 	
	Title:	 	

  
 Exhibit E
– Page 2 

 EXHIBIT F 

SECURITY INSTRUMENTS 
  

	1.	Security Agreement, dated as of April 27, 2017, made by each of the Debtors (as defined therein) in favor of PNC Bank, National Association, as Administrative Agent. 

 

	2.	Deed of Trust, Mortgage, Security Agreement, Assignment of Production and Financing Statement, dated as of April 27, 2017, by Rosehill Operating Company, LLC to Tom Byargeon, as Trustee, and PNC Bank, National
Association, as Administrative Agent, to be filed in each of Loving County, Texas and Wise County, Texas. 

  

	3.	Deed of Trust, Mortgage, Security Agreement, Assignment of Production and Financing Statement, dated as of [_____________], by [Rosehill Operating Company, LLC] to Tom Byargeon, as Trustee, and PNC Bank, National
Association, as Administrative Agent, to be filed in Pecos County, Texas. 

  
 Exhibit F
– Solo Page 

 EXHIBIT G 

FORM OF ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is
entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to
them in the Credit Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby
agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 
 For an
agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit
Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments
delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective facilities identified below (including without limitation
any letters of credit and guarantees included in such facilities) and (ii) to the extent permitted to be assigned under applicable Law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender)
against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any
of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above
(the rights and obligations sold and assigned by the Assignor to the Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”). Such sale and assignment is without
recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor. 
  

							
	1	  	Assignor:	  	  
	  	
			
		  		  	and is not a natural person, a Defaulting Lender or an Affiliate or Subsidiary of the Borrower
				
	2	  	Assignee:	  	  
	  	
			
		  		  	[and is an Affiliate of [identify Lender]1]
				
	3	  	Borrower:	  	Rosehill Operating Company, LLC	  	

  

	1 	Select as applicable. 

  
 Exhibit G
– Page 1 

							
			
	4	  	Administrative Agent:	  	PNC Bank, National Association, as the administrative agent under the Credit Agreement
			
	5	  	Credit Agreement:	  	The Credit Agreement dated as of April 27, 2017 among Rosehill Operating Company, LLC, the Lenders parties thereto, and PNC Bank, National Association, as Administrative Agent
			
	6	  	Assigned Interest:	  	

  

					
	 Aggregate Amount of

Commitment/Loans for

all Lenders
	 	 Amount of

Commitment/Loans

Assigned
	 	 Percentage Assigned of

Commitment/Loans2

	$	 	$	 	%
	$	 	$	 	%
	$	 	$	 	%

 Effective Date:
                         , 201     [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH
SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set forth in this Assignment and Assumption
are hereby agreed to: 
  

			
	ASSIGNOR
	
	[NAME OF ASSIGNOR]
		
	By:	 	 
		 	Title:

  

	2 	Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

  
 Exhibit G
– Page 2 

 
			
	ASSIGNEE
	
	[NAME OF ASSIGNEE]
		
	By:	 	 
		 	Title:

  
 Exhibit G
– Page 3 

 [Consented to and]3 Accepted: 

 

			
	PNC Bank, National Association, as     Administrative Agent
		
	By	 	 
		 	Name:
		 	Title:

 [Consented to:]4 

 

			
	ROSEHILL OPERATING COMPANY, LLC
		
	By	 	 
		 	Name:
		 	Title:

  

	3 	To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement. 

	4 	To be added only if the consent of the Borrower is required by the terms of the Credit Agreement. 

  
 Exhibit G
– Page 4 

 ANNEX 1 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 
 1.
Representations and Warranties. 
 1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal
and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver
this Assignment and Assumption and to consummate the transactions contemplated hereby and (iv) is not a natural person, a Defaulting Lender or an Affiliate or Subsidiary of the Borrower; and (b) assumes no responsibility with respect to
(i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan
Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the
Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document. 
 1.2.
Assignee. The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated
hereby and to become a Lender under the Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender,
(iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is
sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets
of such type, (v) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 8.01 thereof, as applicable, and such other documents and information as it has
deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the
Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest, and
(vi) if it is a Non-U.S. Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by
the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue
to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it
as a Lender. 

  
 Exhibit G
– Page 5 

 2. Payments. From and after the Effective Date, the Administrative Agent shall make all
payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued
from and after the Effective Date. Notwithstanding the foregoing, the Administrative Agent shall make all payments of interest, fees or other amounts paid or payable in kind from and after the Effective Date to the Assignee. 

3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their
respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and
Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the Law of the State of Texas. 

  
 Exhibit G
– Page 6 

 EXHIBIT H-1 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Non-U.S. Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of April 27, 2017 (as amended, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among Rosehill Operating Company, LLC, as Borrower, PNC Bank, National Association, as Administrative Agent, and each lender from time to time party thereto. 

Pursuant to the provisions of Section 5.03 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record
and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a
ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished the Administrative Agent and the Borrower with a certificate of its
Non-U.S. Lender status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes,
the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective
certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
  

			
	[NAME OF LENDER]
		
	By:	 	 
		 	Name:
		 	Title:

 Date:
                         , 201[    ] 

  
 Exhibit H-1
– Solo Page 

 EXHIBIT H-2 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of April 27, 2017 (as amended, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among Rosehill Operating Company, LLC, as Borrower, PNC Bank, National Association, as Administrative Agent, and each lender from time to time party thereto. 

Pursuant to the provisions of Section 5.03 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record
and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the Borrower
within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with a certificate of its Non-U.S. Lender
status on IRS Form W-8BEN. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in
writing, and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the
two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall
have the meanings given to them in the Credit Agreement. 
  

			
	[NAME OF PARTICIPANT]
		
	By:	 	 
		 	Name:
		 	Title:

 Date:
                         , 201[    ] 

  
 Exhibit H-2
– Solo Page 

 EXHIBIT H-3 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of April 27, 2017 (as amended, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among Rosehill Operating Company, LLC, as Borrower, PNC Bank, National Association, as Administrative Agent, and each lender from time to time party thereto. 

Pursuant to the provisions of Section 5.03 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record
owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation, (iii) with respect such participation, neither the
undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code,
(iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign
corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished its
participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial
owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and
(2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar
years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the
meanings given to them in the Credit Agreement. 
  

			
	[NAME OF PARTICIPANT]
		
	By:	 	
		 	Name:
		 	Title:

 Date:                 
    , 201[    ] 

  
 Exhibit H-3
– Solo Page 

 EXHIBIT H-4 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE 

(For Non-U.S. Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of April 27, 2017 (as amended, supplemented or otherwise modified from time to
time, the “Credit Agreement”), among Rosehill Operating Company, LLC, as Borrower, PNC Bank, National Association, as Administrative Agent, and each lender from time to time party thereto. 

Pursuant to the provisions of Section 5.03 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record
owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such Loan(s) (as well as any Note(s)
evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a
loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within
the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished the Administrative Agent and the Borrower with IRS Form W-8IMY
accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this
certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times
furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding
such payments. 
 Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to
them in the Credit Agreement. 
  

			
	[NAME OF LENDER]
		
	By:	 	
		 	Name:
		 	Title:

 Date:
                         , 201[    ] 

  
 Exhibit H-4
– Solo Page 

 Schedule 1.01 

EXISTING LIENS 
 None. 

[Remainder of Page Intentionally Left Blank] 

  
 Schedule 1.01 –
1 

 SCHEDULE 7.05 

LITIGATION 
 None. 

[Remainder of Page Intentionally Left Blank] 

  
 Schedule 7.05 –
1 

 SCHEDULE 7.06 

ENVIRONMENTAL MATTERS 

None. 
 [Remainder of Page
Intentionally Left Blank] 

  
 Schedule 7.06 –
1 

 SCHEDULE 7.12 

INSURANCE 
 ROSEHILL
OPERATING COMPANY, LLC 
 Schedule of Insurance 
  

													
	 Description
	  	Insurer	 	Policy Number	  	Policy Period	  	 Policy Limits
	  	 Deductible
	  	 Premium

	 Workers' Compensation

Guaranteed Cost Program

All States
	  	Travelers Property
Casualty Company of
America	 	UB-2J479137	  	4/27/2017-18	  	 Coverage A: Statutory
 Coverage
B:
 Bodily Injury by Accident:
 $1,000,000 each Accident

Bodily Injury by Disease:
 $1,000,000 Policy Limit

Bodily Injury by Disease:
 $1,000,00 each Employee
	  	$—	  	 $9,937

Includes TRIA of

$762

	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	 Automobile Liability
	  	St Paul Fire & Marine
 Insurance Company
	 	ZLP-51M79887	  	4/27/2017-18	  	 $ 1,000,000—Liability

$Basic—Personal Injury Protection
 $ 1,000,000—Uninsured
Motorist
 $ 1,000,000—Underinsured Motorist
 $
35,000—Hired Car Physical Damage
 $10,000—Medical Payments Protection
	  	$—	  	 $12,682

Includes Auto Pollution and Auto Surcharge of $12

Pricing Based On 6 Units

	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	 General Liability Incl

Sudden and Accidental

Pollution Includes Employee

Benefits Liability
	  	St Paul Fire & Marine
Insurance Company	 	ZLP-51M79887	  	4/27/2017-18	  	 $1,000,000 Per Occurrence

$2,000,000 Products and Completed
 Operations Aggregate

$2,000,000 General Aggregate
 $1,000,000 Each Wrongful Act
limit—Empl Benefits Liab
 $3,000,000 Total Limit—Empl Benefits Liab

$1,000,000 Adv / Pers Injury Aggregate
 $ 100,000 Fire Legal

$ 1,000,000 Underground Resources Aggregate
 $ 5,000 Med
Pay
	  	 $10,000 per Occurrence
 Bodily
Injury Liability and
 Property Damage Liability

Combined—Pollution requires
 knowledge within 30 days and

reporting within 90 days
 $1,000 Employee Benefits Ded
	  	 $6,300

Excludes Terrorism
 To Include Add
$98

	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	 Property Damage Coverage
	  	St Paul Fire & Marine
 Insurance Company
	 	ZLP-51M79887	  	4/27/2017-18	  	 $890,000—Business Personal Property Limit

$6,818,637—Oil Lease Property & Equipment Limit
 $
500,000—Max Unschd Oil & Gas Property Limit (item)
 $ 2,500,000—Max Unschd Oil & Gas Property Limit (event)

$ 100,000—Misc Unnamed locations
 $ 1,000,000—Per
Occurrence—Flood
 $1,000,000—Per Occurrence—Earth Movement

$596,000—Small Computer Equipment (EDP)

$625,042—Contractors Equipment Limit
 $100,750—Blanket
Earnings and Expense
 Various other sub limits apply (refer to policy)
	  	 $25,000 BPP Deductible
 $2% or
$25,000 (whichever is
 greater Wind and Hail Deductible
 $25,000
Flood Deductible (Balto)
 $2% or $25,000 (whichever is
 greater
Flood Deductible (Houston)
 $5,000 Inland Marine Equip Ded

$50,000 Oil Lease Property Ded
 $1,000 Contractors Equip
Ded
	  	 $35,191

TRIA Charge–$1,548

	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	 First Excess Umbrella Liability
	  	St Paul Fire & Marine
 Insurance Company
	 	ZLP-51M79887	  	4/27/2017-18	  	 $25,000,000 Per Occurrence

$25,000,000 Annual Aggregate
 Excess of:

$1,000,000 GL each Occurrence
 $1,000,000 each Occur/Product
Liab.
 $2,000,000 Annual Agg/Products
 Liability and Completed
Operations
 $1,000,000 AL each occurrence

$1,000,000/$1,000,000/$1,000,000
 Employers Liability per
Occurrence
 per Disease and in the aggregate
	  	 $1,000,000 per Occurrence

Drop-Down – $ 10,000 SIR
	  	 $52,266

Excludes TRIA
 To Include Add
$20

	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	 Second Excess Umbrella Liability
	  	Lloyd's
 (Harmony Excess)
Thur Global Special
Rsik
	 	E0005-00	  	4/27/2017-18	  	 $25,000,000 per Occurrence

$25,000,000 Annual Aggregate Excess of:
 $ 25,000,000 Per Occurrence
and
 $ 25,000,000 in the aggregate annually, in turn excess of:

$1,000,000 GL each occurrence, including
 Sudden and Accidental
Pollution
 $1,000,000 each Occur/Product Liab.
 $2,000,000 Annual
Agg/Products
 Liability and Completed Operations
 $1,000,000 AL
each occurrence
 $1,000,000 Employers Liability each occurrence

$25,000,000 Control of Well
	  	 $ 25,000,000 per occurrence in turn

excess of $ 1,000,000 per Occurrence. Following form

excess – $ 10,000 SIR in primary umbrella for
 drop
down situations
	  	$48,500 Excludes TRIA
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	 Boiler and Machinery Coverage
	  	Hartford Steam
 BoilerInspection and
Insurance

Company
	 	FBP2361592	  	4/27/2017-18	  	$ 3,000,000 per Occurrence Property Damage	  	$ 25,000 per Occurrence	  	$2,832
		  	 		  		  	$500,000 per Occurrence Extra Expense	  		  	
		  	 		  		  	$ 1,000,000 per Occurrence Perishable Goods	  		  	
		  		 		  		  	$ 1,000,000 per Occurrence Data Restoration	  		  	
		  		 		  		  	$ 100,000 per Occurrence Demolition	  		  	
		  		 		  		  	$ 1,000,000 per Occurrence Ordinance or Law	  		  	
		  		 		  		  	$ 1,000,000 per Occurrence Expediting Expense	  		  	
		  		 		  		  	$ 1,000,000 per Accident Hazardous Substances	  		  	
		  		 		  		  	$ 1,000,000 per Occurrence Newly Acquired Locations	  		  	
		  		 		  		  	Various Other Sublimits Apply	  		  	
	 Control of Well / OEE
	  	Lloyd's of London
 (Chaucer)

Thru Global Special
Risk
	 	USOEE1510717	  	4/27/2017-18	  	 $10,000,000 Any One Occurrence

Producing/Shut-in/Temporarily Abandoned/Plugged &

Abandoned/Salt Water Disposal/Workover/Recompletion/Re-entry

$25,000,000 Any One Occurrence
 All coverages set forth in sections
A, B, and C
 $1,000,000 Any One Occurrence
 Care, Custody and
Control
	  	 $100,000 Producing/Shut-In/

Temporarily Abandoned/Plugged &
 Abandoned/Salt Water Disposal
Wells
 $200,000 Drilling/Workover/
 Recompletion/Re-entry
Wells
 $50,000 Any One Occurrence
 Care, Custody and
Control
	  	 $20,521.55

Includes $1,000 Policy
 Texas Tax and
Stamp Fee Charges TBD

	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	  	 	  	  	  	  
	 Management Liability

Directors & Officers Liability
	  	 Beazley
	 	 V1E7DC170101
	  	 4/27/2017-18
	  	 $10,000,000 Aggregate

$10,000,000 Maximum Aggregate
	  	 $500,000 / $0
	  	 $130,000

	  	 	  	  	  	  
	  	 	  	  	  	  
	 Employment Practices Liability
	  	C N A	 	596785702	  	4/27/2017-18	  	$5,000,000 Aggregate	  	 $50,000 Each EPL Claim
 $50,000
Each Third Party Claim
	  	$9,000
	  	 	  	  	  	  
	 Fiduciary Liability
	  	C N A	 	596785697	  	4/27/2017-18	  	$5,000,000 Aggregate	  	$10,000	  	$7,500
	 Crime:
	  		 		  		  		  		  	
	 Employee Theft
	  	C N A	 	596785683	  	4/27/2017-18	  	$5,000,000 Per Occurrence	  	$25,000 Per Occurrence	  	$7,000
	 Forgery or Alteration
	  		 		  		  	$5,000,000 Per Occurrence	  	$25,000 Per Occurrence	  	
	 Robbery or Safe Burglary of Other

Property
	  		 		  		  	$5,000,000 Per Occurrence	  	$25,000 Per Occurrence	  	
	 Computer System Fraud
	  		 		  		  	$5,000,000 Per Occurrence	  	$25,000 Per Occurrence	  	
	 Money Orders and Counterfeit

Currrency
	  		 		  		  	$5,000,000 Per Occurrence	  	$25,000 Per Occurrence	  	
	 Wire Transfer with Voice Plus
	  		 		  		  	$5,000,000 Per Occurrence	  	$25,000 Per Occurrence	  	
	 Claims Expense
	  		 		  		  	$25,000 Per Occurrence	  	$0 Per Occurrence	  	
	 Social Engineering
	  		 		  		  	$50,000 Per Occurrence	  	$10,000 Per Occurrence	  	
	 Excess D&O—$10M Excess of

$10M
	  	Ace American
 (Chubb)
	 	G2557977A001	  	4/27/2017-18	  	$10,000,000 Excess of $10,000,000	  		  	$74,979
	 Excess D&O—$5M Excess of

$20M
	  	The Hartford	 	39 DA 0322033
17	  	4/27/2017-18	  	$5,000,000 Excess of $20,000,000	  		  	$25,000
	 Excess D&O—$5M Excess of

$25M
	  	Endurance American	 	ADP10011046300	  	4/27/2017-18	  	$5,000,000 Excess of $25,000,000	  		  	$20,000
	 SIDE A ONLY
	  		 		  		  	(SIDE A ONLY)	  		  	

 THIS IS A SUMMARY OF COVERAGE ONLY—IN THE EVENT OF A DISCREPANCY, THE CARRIER POLICY DOCUMENTS WILL
PREVAIL. 
  
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 Schedule 7.12 –
1 

 SCHEDULE 7.14 

LOAN PARTIES 
 None. 

[Remainder of Page Intentionally Left Blank] 

  
 Schedule 7.14 –
1 

 SCHEDULE 7.19 

GAS IMBALANCES 
 None. 

[Remainder of Page Intentionally Left Blank] 

  
 Schedule 7.19 –
1 

 SCHEDULE 7.20 

MARKETING OF PRODUCTION 
  

	1.	Gas Purchase Contract between ETC Field Services LLC and Tema Oil and Gas Company, dated effective January 1, 2013, with a termination date of January 1, 2023. 

 

	2.	Gas Gathering, Processing and Purchase Agreement between Outrigger Delaware Operating, LLC and Tema Oil and Gas Company, dated December 1, 2016, with a termination date of December 1, 2021. 

 

	3.	Crude Oil Gathering Agreement between Rosehill Operating Company, LLC and Gateway Gathering and Marketing Company, dated effective April 27, 2017, with a termination date of April 27, 2027 

 

	4.	Gas Gathering Agreement between Rosehill Operating Company, LLC and Gateway Gathering and Marketing Company, dated effective April 27, 2017, with a termination date of April 27, 2027. 

 

	5.	Gas Gathering, Processing and Purchase Agreement between Delaware G&P LLC and Rosehill Operating Company, dated July 1, 2017, with a termination date of July 1, 2022. 

With respect to the above referenced contracts, Rosehill Operating Company, LLC is the successor in interest to Tema Oil and Gas Company. 

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 Schedule 7.20 –
1 

 SCHEDULE 7.22 

SWAP AGREEMENTS 
  

	1.	ISDA Master Agreement dated as of April 27, 2017 between PNC Bank, National Association and Rosehill Operating Company, LLC 

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 Schedule 7.22 –
1 

 SCHEDULE 9.05 

INVESTMENTS 
  

	1.	All Oil & Gas Properties owned by the Loan Parties as of the First Amendment Effective Date. 

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 Schedule 9.05 –
1

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