Document:

EX-10.2

 Exhibit 10.2 

DIVIDEND AND DISTRIBUTION REINVESTMENT AGREEMENT 

This DIVIDEND AND DISTRIBUTION REINVESTMENT AGREEMENT (this “Agreement”), dated as of February 22, 2022,
is entered into by and among Altus Midstream Company, a Delaware corporation (the “Corporation”), Altus Midstream LP, a Delaware limited partnership (the “Partnership”), APA Corporation, a Delaware
corporation (“APA Corporation”), Apache Midstream LLC, a Delaware limited liability company (“Apache Midstream”), Buzzard Midstream LLC, a Delaware limited liability company and controlled affiliate of
ISQ Global Infrastructure Fund II L.P. (“ISQ”), BCP Raptor Aggregator, LP, a Delaware limited partnership and controlled affiliate of Blackstone Capital Partners VII L.P. and Blackstone Energy Partners II L.P. (“BX
Aggregator”), BX Permian Pipeline Aggregator LP, a Delaware limited partnership and controlled affiliate of Blackstone Capital Partners VII L.P. and Blackstone Energy Partners II L.P. (“BX Permian”), New BCP
Raptor Holdco, LLC, a Delaware limited liability company (“New Raptor”), certain other individuals that are signatories hereto (collectively, “Management”) and each other Person (as hereinafter
defined) who later becomes party to this Agreement in accordance with the terms hereof. Each of APA Corporation, Apache Midstream, ISQ, BX Aggregator, BX Permian, New Raptor, Management and each other Person who later becomes party to this Agreement
in accordance with the terms hereof are sometimes referred to herein individually as a “Holder” and collectively as the “Holders.” Each of the Corporation, the Partnership, and the Holders are
sometimes referred to herein individually as a “Party” and collectively as the “Parties.” 

WHEREAS, in connection with the transactions contemplated by that certain Contribution Agreement, dated as of October 21, 2021, by and
among the Corporation, the Partnership, New Raptor and, solely for purposes set forth therein, BCP Raptor Holdco, LP, a Delaware limited partnership (“Raptor” and such agreement, the “Contribution
Agreement”), the Corporation, APA Corporation, Apache Midstream, BX Aggregator, BX Permian, ISQ, New Raptor and, solely for purposes set forth therein, Raptor entered into that certain Amended and Restated Stockholders Agreement, dated
as of October 21, 2021 (the “Stockholders Agreement”), which sets forth certain understandings among the parties thereto to be effective following the closing of the transactions contemplated by the Contribution
Agreement (the “Closing”); 
 WHEREAS, pursuant to Section 23 of the Stockholders Agreement, the parties to the
Stockholders Agreement agreed to negotiate and enter into definitive documentation related to (a) the reinvestment of certain cash dividends from the Corporation and certain cash distributions from the Partnership received by the Holders after
the date hereof; and (b) a dividend reinvestment plan to be made available to other stockholders of the Corporation after the date hereof; and 

WHEREAS, the Parties desire to enter into this Agreement to establish certain rights and obligations of the Parties with respect to the
foregoing. 

 NOW, THEREFORE, in consideration of the promises and of the mutual consents and obligations
hereinafter set forth, the Parties hereby agree as follows: 
 Section 1. Definitions; Interpretation. 

(a) Definitions. As used herein, the following terms shall have the following respective meanings: 

“Agreement” has the meaning set forth in the Preamble. 

“APA Corporation” has the meaning set forth in the Preamble. 

“Apache Midstream” has the meaning set forth in the Preamble. 

“Beneficially Own” means, with respect to any security, (a) voting power, which includes the power to vote, or to
direct the voting of, such security or (b) investment power, which includes the power to dispose, or to direct the disposition of, such security. 

“Board” means the board of directors of the Corporation. 

“BX Aggregator” has the meaning set forth in the Preamble. 

“BX Permian” has the meaning set forth in the Preamble. 

“Change of Control” has the meaning given to such term in the Stockholders Agreement. 

“Class A Common Stock” means the Class A common stock, par value $0.0001 per
share, of the Corporation. 
 “Class C Common Stock” means the Class C common
stock, par value $0.0001 per share, of the Corporation. 
 “Commission” means the U.S. Securities and Exchange
Commission. 
 “Common Units” has the meaning given to such term in the LPA. 

“Contribution Agreement” has the meaning set forth in the Recitals. 

“Corporation” has the meaning set forth in the Preamble. 

“DRIP” has the meaning set forth in Section 2(c). 

“DRIP Shares” has the meaning set forth in Section 2(c). 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Holder” or “Holders” has the meaning set forth in the Preamble. 

“ISQ” has the meaning set forth in the Preamble. 

“Joinder Agreement” has the meaning set forth in Section 3(b). 

  
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 “LPA” means the Third Amended and Restated Agreement of Limited
Partnership of the Partnership, dated as of October 21, 2021. 
 “Management” has the meaning set forth in the
Preamble. 
 “National Securities Exchange” means the principal national securities exchange on which the
Class A Common Stock is then listed for trading. 
 “New Raptor” has the meaning set forth in the Preamble.

 “Partnership” has the meaning set forth in the Preamble. 

“Party” or “Parties” has the meaning set forth in the Preamble. 

“Payment Date” means, (a) with respect to any dividend on shares of Class A Common Stock, the date on which
such dividend is paid to holders of Class A Common Stock and (b) with respect to any distribution on Common Units, the date on which such distribution is made to the holders of Common Units. 

“Permitted Transferee” has the meaning given to such term in the Stockholders Agreement. 

“Person” means any individual, corporation, firm, partnership, joint venture, limited liability company, estate,
trust, business association, organization, any court, administrative agency, regulatory body, commission or other governmental authority, board, bureau or instrumentality, domestic or foreign and any subdivision thereof or other entity, and also
includes any managed investment account. 
 “Prospectus” means the prospectus included in any Registration
Statement, as supplemented by any and all prospectus supplements and as amended by any and all post-effective amendments and including all material incorporated by reference in such prospectus. 

“Raptor” has the meaning set forth in the Recitals. 

“Registration” means a registration effected by preparing and filing a Registration Statement or similar document in
compliance with the requirements of the Securities Act, and the applicable rules and regulations promulgated thereunder, and such Registration Statement becoming effective. 

“Registration Expenses” means all expenses of a Registration, including, without limitation, the following:
(a) all registration and filing fees (including fees with respect to filings required to be made with the Financial Industry Regulatory Authority, Inc. and any securities exchange on which the Class A Common Stock is then listed); (b) fees
and expenses of compliance with securities or blue sky laws; (c) printing, messenger, telephone and delivery expenses; (d) reasonable fees and disbursements of counsel for the Corporation; and (e) reasonable fees and disbursements of
all independent registered public accountants of the Corporation incurred specifically in connection with such Registration (including the expenses of any special audit and “comfort letters” required by or incident to such performance).

  
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 “Registration Rights Agreement” means that certain Second Amended
and Restated Registration Rights Agreement, dated as of October 21, 2021, by and among the Corporation, Apache Midstream, ISQ, BX Aggregator, BX Permian, New Raptor and the other Persons party thereto. 

“Registration Statement” means any registration statement that covers the Reinvestment Shares pursuant to the
provisions of this Agreement, including the Prospectus included in such registration statement, amendments (including post-effective amendments) and supplements to such registration statement, and all exhibits to and all material incorporated by
reference in such registration statement. 
 “Reinvestment Corporate Dividend” means, with respect to each Holder,
the Reinvestment Percentage of any cash dividend of the Corporation payable to such Holder during the Reinvestment Period in respect of shares of Class A Common Stock held by such Holder that constitute Subject Securities, including, for the
avoidance of doubt, dividends declared in respect of the quarter ending December 31, 2023. 
 “Reinvestment Partnership
Distribution” means, with respect to each Holder, the Reinvestment Percentage of any cash distribution of the Partnership payable to such Holder during the Reinvestment Period in respect of the Common Units held by such Holder that
constitute Subject Securities, including, for the avoidance of doubt, distributions declared in respect of the quarter ending December 31, 2023. 

“Reinvestment Percentage” means 20% or such higher percentage as may be determined by written resolution of the audit
committee of the Board as provided in Section 2(a)(iii). The Reinvestment Percentage shall at all times be the same for every Holder. 

“Reinvestment Period” means the period commencing on the date hereof and terminating on the earliest of
(a) March 31, 2024, (b) the date the Reinvestment Corporate Dividend and the Reinvestment Partnership Distribution are paid in respect of the quarter ending December 31, 2023 and (c) such other date determined by written
resolution of the audit committee of the Board. 
 “Reinvestment Price” means, with respect to any Reinvestment
Share or DRIP Share, as applicable, a dollar amount per Reinvestment Share or DRIP Share, as applicable, equal to 97% of the volume-weighted average price per share of Class A Common Stock on the National Securities Exchange or automated or
electronic quotation system on which shares of Class A Common Stock are then listed or admitted to trading, as reported by Bloomberg L.P., or its successor, for the five Trading Days immediately preceding, but excluding, the applicable Payment
Date. 
 “Reinvestment Shares” has the meaning set forth in Section 2(a)(i). 

“Securities Act” means the Securities Act of 1933, as amended. 

“Stockholders Agreement” has the meaning set forth in the Recitals. 

  
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 “Subject Securities” means (a) shares of Class A Common
Stock and Common Units Beneficially Owned by Holders immediately prior to or following the Closing, (b) shares of Class A Common Stock and Common Units Beneficially Owned by a Permitted Transferee to whom any such shares of Class A
Common Stock or Common Units set forth in the foregoing clause (a) are transferred, and (c) shares of Class A Common Stock that may be received at a later date upon the redemption or exchange of any Common Units and shares of
Class C Common Stock covered by clauses (a) or (b), but excluding any Reinvestment Shares and any shares of Class A Common Stock underlying warrants exercisable therefor. 

“Tax Advance” has the meaning given to such term in the LPA. 

“Tax Advance Date” has the meaning given to such term in the LPA. 

“Tax Advance Related Amount” means, with respect to any cash distribution of the Partnership payable to any Holder
during the Reinvestment Period, an amount, determined by the general partner of the Partnership, equal to the lesser of (a) the dollar amount of such distribution and (b) the dollar amount of the Tax Advance that would be payable to such
Holder under Section 4.01(d)(ii) of the LPA as of the date on which such cash distribution is made, assuming, solely for purposes of this definition, that (i) the amount of such Tax Advance is required to be determined as of such date
rather than on the applicable Tax Advance Date, and (ii) the amount of the Tax Advance is calculated assuming the amounts reinvested pursuant to this Agreement during the portion of the Reinvestment Period prior to the date of such distribution
and the Reinvestment Partnership Distribution for the current portion of the Reinvestment Period (calculated without regard to Section 2(b)) are excluded from cumulative cash distributions. 

“Trading Day” means a day on which the National Securities Exchange or automated or electronic quotation system on
which the Class A Common Stock is listed or admitted to trading is open for the transaction of business (unless trading shall have been suspended for the entire day). 

“Transfer” has the meaning given to such term in the Stockholders Agreement. 

Any capitalized term used in any Section of this Agreement that is not defined in this Section 1(a) shall have the
meaning ascribed to it in such other Section or as otherwise defined herein. 
 (b) Rules of Construction. The headings and captions
herein are inserted for convenience of reference only and are not intended to govern, limit, or aid in the construction of any term or provision hereof. The Parties recognize that this Agreement is the product of the joint efforts of the Parties. It
is the intention of the Parties that every covenant, term, and provision of this Agreement shall be construed simply according to its fair meaning and not strictly for or against any Party (notwithstanding any rule of law requiring an agreement to
be strictly construed against the drafting party), it being understood that the Parties are sophisticated and have had adequate opportunity and means to retain counsel to represent their interests and to otherwise negotiate the provisions of this
Agreement. Further, unless the context requires otherwise: 
 (i) terms defined in Section 1(a) or elsewhere in
this Agreement have the meanings assigned to them in that Section for purposes of this Agreement; 
 (ii) the gender (or lack of gender) of
all words used in this Agreement includes the masculine, feminine, and neuter; 

  
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 (iii) references to Sections (other than in connection with laws) refer to Sections,
respectively, of this Agreement unless otherwise indicated by the context thereof; 
 (iv) the words “herein,”
“hereof,” “hereunder,” and other words of similar import refer to this Agreement as a whole and not to any particular Section; 

(v) “include,” “includes,” and “including” mean “include, without limitation,” “includes,
without limitation,” and “including, without limitation,” respectively; 
 (vi) terms defined herein include the plural as
well as the singular; 
 (vii) “or” is not exclusive; 

(viii) all references to “$” and dollars shall be deemed to refer to United States currency unless otherwise specifically provided;

 (ix) if a provision or defined term is incorporated into this Agreement by referencing another contract and such contract is terminated,
such termination shall have no effect on such provision or defined term as used in this Agreement; and 
 (x) the serial comma is sometimes
included and sometimes omitted. Its inclusion or omission shall not affect the interpretation of any phrase. 
 Section 2. Dividend
and Distribution Reinvestment. 
 (a) Mandatory Reinvestment. 

(i) During the Reinvestment Period, each Holder agrees that, (x) in lieu of such Holder’s receipt of any Reinvestment Corporate
Dividend or Reinvestment Partnership Distribution, as applicable, and (y) for the convenience of not taking each of the actions described in Section 2(d), the amount of any (A) Reinvestment Corporate Dividend such
Holder is entitled to receive shall be automatically and immediately reinvested on behalf of such Holder in the Corporation in exchange for a number of newly-issued shares of Class A Common Stock (“Reinvestment Shares”)
determined by dividing (1) the total dollar amount of such Reinvestment Corporate Dividend by (2) the applicable Reinvestment Price, and, immediately thereafter, such amount shall be automatically contributed on behalf of the Corporation
to the Partnership in exchange for a number of Common Units equal to the number of Reinvestment Shares issued to such Holder, and (B) Reinvestment Partnership Distribution such Holder is entitled to receive shall be automatically and
immediately invested on behalf of such Holder in the Corporation in exchange for a number of Reinvestment Shares determined by dividing (1) the total dollar amount of such Reinvestment Partnership Distribution by (2) the applicable
Reinvestment Price, and, immediately thereafter, such amount shall be automatically contributed on behalf of the Corporation to the Partnership in exchange for a number of Common Units equal to the number of Reinvestment Shares issued to such
Holder. 

  
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 (ii) Reinvestment Shares shall be issued by the Corporation to the Holder entitled thereto
effective as of the date that the Reinvestment Corporate Dividend or Reinvestment Partnership Distribution, as applicable, is reinvested. Reinvestment Shares will, when issued, be validly issued, fully paid, and
non-assessable and will not have been issued in violation of or subject to any preemptive or similar rights created under the Corporation’s certificate of incorporation and bylaws or under the laws of the
State of Delaware. The Corporation shall reserve for issuance a sufficient number of authorized but unissued shares of Class A Common Stock to allow it to discharge its obligations under this Agreement. The Corporation or Partnership, as
applicable, may reduce the amount of the Reinvestment Corporate Dividend or Reinvestment Partnership Distribution, as applicable (and increase the corresponding cash dividend or distribution, as applicable) for Holders in lieu of the issuance of any
fractional Reinvestment Share. Unless otherwise determined by the Board, all Reinvestment Shares shall be uncertificated and shall be issued in book entry form. For the avoidance of doubt, no Reinvestment Shares issued to a Holder hereunder shall be
Subject Securities subject to the mandatory reinvestment obligations set forth in Section 2(a)(i). 
 (iii) At
any time during the Reinvestment Period, taking into account the recommendation of management of the Corporation, if any, the audit committee of the Board is authorized to, and, if so authorized by the audit committee of the Board, the Corporation
shall and shall cause the Partnership to, increase the Reinvestment Percentage to up to 100% or decrease the Reinvestment Percentage to not less than 20%, in each case, by such amount specified by the audit committee of the Board by written
resolution; provided, that (A) the Corporation shall provide written notice to each Holder following any increase or decrease to the Reinvestment Percentage, and (B) the Reinvestment Percentage shall not be increased or decreased
for any Reinvestment Corporate Dividend or Reinvestment Partnership Distribution previously declared. 
 (iv) The audit committee of the
Board shall adopt resolutions compliant with Rule 16b-3(d)(1) promulgated under the Exchange Act for each Holder to exempt the Reinvestment Shares from Section 16(b) of the Exchange Act. 

(b) Tax Distributions and Tax Advance Related Amounts. Notwithstanding anything to the contrary in this Agreement, cash distributions
of the Partnership payable to any Holder (i) pursuant to Section 4.01(d)(i) of the LPA or (ii) that are Tax Advance Related Amounts, in each case, shall be deemed not to be Reinvestment Partnership Distributions subject to the
mandatory reinvestment obligations set forth in Section 2(a)(ii). 
 (c) Public Dividend Reinvestment Plan. After the date
hereof, the Corporation shall take all commercially reasonable actions necessary to establish a dividend reinvestment plan (the “DRIP”) that allows each holder of Class A Common Stock (other than the Holders) the option
to reinvest all or a portion of the cash dividends of the Corporation in respect of shares of Class A Common Stock to which they are entitled during the Reinvestment Period in shares of Class A Common Stock at the applicable Reinvestment
Price (“DRIP Shares”). The DRIP shall be established and administered by the Corporation on such terms as may be determined by the Board in its discretion. 

(d) Tax Treatment. The Parties acknowledge and agree, for U.S. federal and applicable state and local income tax purposes, that
(i) on the date a Reinvestment Corporate Dividend or Reinvestment Partnership Distribution, as applicable, is paid, each Holder will be treated as (A) having received a distribution of cash from the Corporation or the Partnership, as
applicable, in an amount equal to the amount of such Reinvestment Corporate Dividend or 

  
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Reinvestment Partnership Distribution, as applicable, and (B) immediately thereafter contributing an amount of cash equal to the amount of such Reinvestment Corporate Dividend or
Reinvestment Partnership Distribution, as applicable, to the Corporation in exchange for Reinvestment Shares, and (ii) immediately following the deemed distribution and contribution of the Reinvestment Corporate Dividend or Reinvestment
Partnership Distribution, as applicable, as described in clause (i), the Corporation will be deemed to contribute such cash to the Partnership in exchange for a number of Common Units equal to the aggregate number of Reinvestment Shares issued to
the Holders. 
 Section 3. Transfer Restrictions. 

(a) Each of the Parties acknowledges and agrees that nothing contained in this Agreement is intended to amend or otherwise modify the terms
and conditions of the Stockholders Agreement, including the restrictions on Transfers of Subject Securities contained therein. 
 (b)
Notwithstanding the foregoing Section 3(a), no Holder may Transfer Subject Securities to a Permitted Transferee unless and until (i) such Permitted Transferee has agreed in writing to be bound by this Agreement by
execution of a Joinder Agreement in the form attached hereto as Exhibit A (“Joinder Agreement”) (which such execution shall be deemed, for all purposes, to be the execution of this Agreement), with such Permitted
Transferee being deemed to be a Party for purposes of this Agreement, and (ii) the Corporation is provided with an executed copy of the Joinder Agreement. For the avoidance of doubt, a Joinder Agreement shall not be required of, and this
Agreement shall not apply to, a transferee of Subject Securities other than a Permitted Transferee. 
 Section 4. Registration.
The Corporation shall, within sixty (60) days of the date hereof, file a Registration Statement under the Securities Act to register the issuance of the Reinvestment Shares and the DRIP Shares under the Securities Act. The Registration
Statement filed with the Commission pursuant to this Section 4 shall be on Form S-3 or similar short form registration statement that may be available at such time in connection with
a dividend reinvestment plan. If the Registration Statement is not automatically effective on filing, the Corporation shall use commercially reasonable efforts to case such Registration Statement to become effective as soon as reasonably practicable
after the filing thereof under the Securities Act. Once the Registration Statement is effective, the Corporation shall use commercially reasonable efforts to cause such Registration Statement to remain effective, and to be supplemented and amended
to the extent necessary to ensure that such Registration Statement is available or, if not available, that another registration statement is available, to register the issuance of the Reinvestment Shares and the DRIP Shares. The Corporation shall be
responsible for the Registration Expenses incurred in connection with a Registration pursuant to this Section 4. 

Section 5. Duration of Agreement. This Agreement shall terminate automatically as to an individual Holder (a) upon the
written agreement of each of the Parties, (b) upon a Change of Control or (c) upon the earlier of (i) the first day following expiration of the Reinvestment Period and (ii) when the Stockholders Agreement has terminated as to
such Holder (other than Section 20 thereof). This Agreement shall terminate automatically as to the Corporation and the Partnership when this Agreement has terminated as to all Holders. 

  
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 Section 6. Governing Law. 

(a) This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Delaware without regard to the
principles of conflicts of law. 
 (b) The Parties hereby irrevocably submit to the exclusive jurisdiction of the courts of the State of
Delaware and the federal courts of the United States of America located in the State of Delaware, over any dispute between the Parties arising out of this Agreement, and the Parties irrevocably agree that all such claims in respect of such dispute
shall be heard and determined in such courts. The Parties hereby irrevocably waive, to the fullest extent permitted by law, any objection which they may now or hereafter have to the venue of any such dispute arising out of this Agreement brought in
such court or any defense of inconvenient forum for the maintenance of such dispute. The Parties agree that a judgment in any such dispute may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 

(c) Should any term or provision of this Agreement for any reason be declared invalid or unenforceable, such decision shall not affect the
validity or enforceability of any of the other terms or provisions of this Agreement, which other terms and provisions shall remain in full force and effect and the application of such invalid or unenforceable term or provision to Persons or
circumstances other than those as to which it is held invalid or unenforceable shall be valid and be enforced to the fullest extent permitted by law. If a final judgment of a court of competent jurisdiction declares that any term or provision of
this Agreement is invalid or unenforceable, the Parties agree that the court making such determination shall have the power to limit such term or provision, to delete specific words or phrases or to replace such term or provision with a term or
provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and that this Agreement shall be valid and enforceable as so modified. 

(d) EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL ACTION ARISING OUT OF
OR RELATING TO THIS AGREEMENT. 
 Section 7. Stock Dividends, Etc. The provisions of this Agreement shall apply to any and all
Subject Securities and to any and all shares of capital stock or other equity of the Corporation or the Partnership or any successor or assignee of the Corporation or the Partnership (whether by merger, consolidation, sale of assets, or otherwise)
which may be issued in respect of, in exchange for, or in substitution for the Subject Securities, by reason of any stock dividend, split, or reverse split, combination, recapitalization, reclassification, merger, consolidation, or otherwise, other
than in connection with or as a result of a Change of Control, in such a manner and with such appropriate adjustments as to reflect the intent and meaning of the provisions hereof and so that the rights, privileges, duties, and obligations hereunder
shall continue with respect to the capital stock or other equity of the Corporation or the Partnership, as applicable, as so changed. 

  
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 Section 8. No Third-Party Benefit. This Agreement (a) is for the sole
benefit of the Parties hereto and (b) is not intended to benefit any other Person. No Person that is not a Party to this Agreement may enforce any part of this Agreement.  

Section 9. Amendments. 

(a) This Agreement may not be amended except by an instrument in writing signed by or on behalf of all Parties. 

(b) If a provision or a defined term incorporated by reference into this Agreement is amended, supplemented, or modified in the agreement from
which such provision or defined term is incorporated, such amendment, supplement, or modification shall have no effect on such provision or defined term as used in this Agreement unless such amendment, supplement, or modification is approved as
provided in this Section 9. 
 Section 10. Assignment. 

(a) Except as expressly required by Section 3(b) in connection with a Transfer by a Stockholder to a Permitted
Transferee who executes a Joinder Agreement, no Party shall assign the rights and obligations contained in this Agreement without the prior written consent of each other Person then-party to this Agreement, and any such action without the required
consent shall be void ab initio. 
 (b) This Agreement shall bind and inure to the benefit of the Parties and any permitted
successors or assigns to the original Parties to this Agreement, but such assignment shall not relieve any Party of any obligations hereunder. 

Section 11. Notices. 

Any notice, designation, demand, request, including a request for consent under this Agreement, and other communication required or permitted
to be given or made hereunder shall be in writing and shall be deemed to have been duly given or made if (a) delivered personally, (b) transmitted by first class registered or certified mail, postage prepaid, return receipt requested,
(c) delivered by prepaid overnight courier service or (d) delivered by confirmed facsimile transmission or electronic mail to a Party at the following addresses (or at such other addresses as shall be specified by a Party by similar
notice): 
 In the case of notice to APA Corporation or Apache Midstream, to: 

Apache Midstream LLC 

One Post Oak Central, 2000 Post Oak Blvd., Suite 100 

Houston, Texas 77056 

Attention: Ben C. Rodgers 

  
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 With copies to (which copies shall not constitute notice): 

Apache Legal 

2000 Post Oak Blvd., Suite 100 

Houston, Texas 77056 

Attention: General Counsel 

and 

Bracewell LLP 

711 Louisiana Street, Suite 2300 

Houston, Texas 77002 

Attention: Jason Jean 

In the case of notice to BX Aggregator or BX Permian, to: 

Blackstone Management Partners L.L.C. 

345 Park Avenue 

New York, NY 10154 

Attention: David Foley 

With a copy to (which copy shall not constitute notice): 

Vinson & Elkins L.L.P. 

1001 Fannin Street 

Houston, Texas 77002 

Attention: Keith Fullenweider; Douglas E. McWilliams 

In the case of notice to ISQ, to: 

Buzzard Midstream LLC 

c/o I Squared Capital Advisors (US) LLC 

600 Brickell Avenue, Penthouse 

Miami, FL 33131 

With copies to (which copies shall not constitute notice): 

I Squared Capital Advisors (US) LLC 

600 Brickell Avenue, Penthouse 

Miami, FL 33131 

  
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 and 

I Squared Capital Advisors (US) LLC 

600 Brickell Avenue, Penthouse 

Miami, FL 33131 

and 

Sidley Austin LLP 

1000 Louisiana, Suite 5900 

Houston, TX 77002 

Attention: Glenn L. Pinkerton; Atman Shukla 

In the case of notice to the Corporation, the Partnership or New Raptor, to: 

New BCP Raptor Holdco, LLC 

2700 Post Oak Blvd, Suite 300 

Houston, TX 77056 

Attention: Todd Carpenter 

With copies to (which copies shall not constitute notice): 

Blackstone Management Partners L.L.C. 

345 Park Avenue 

New York, NY 10154 

Attention: David Foley 

and 

Vinson & Elkins L.L.P. 

1001 Fannin Street 

Houston, Texas 77002 

Attention: Keith Fullenweider; Douglas E. McWilliams 

In the case of notice to Management, to the notice information set forth on the signature pages hereto. 

Notices shall be effective (i) if delivered personally or sent by courier service, upon actual receipt by the intended recipient,
(ii) if mailed, upon the earlier of five (5) days after deposit in the mail or the date of delivery as shown by the return receipt therefor, (iii) if sent by facsimile transmission, when confirmation of transmission is received or
(iv) if sent by electronic mail, when confirmation is received. Whenever any notice is required to be given by law or this Agreement, a written waiver thereof, signed by the Person entitled to notice, whether before or after the time stated
therein, shall be deemed equivalent to the giving of such notice. 

  
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 Section 12. Waiver. No waiver by any Party hereto of any of the provisions
hereof shall be effective unless explicitly set forth in writing and signed by the Party so waiving. No waiver by any Party shall operate or be construed as a waiver in respect of any failure, breach, or default not expressly identified by such
written waiver, whether of a similar or different character, and whether occurring before or after that waiver. Except as specifically set forth in this Agreement, no failure by a Party hereto to exercise, or delay in exercising, any right, remedy,
power or privilege hereunder shall operate or be construed as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. 

Section 13. Entire Agreement. This Agreement, the Contribution Agreement, the Registration Rights Agreement and the Stockholders
Agreement constitute the entire agreement among the Parties with respect to the subject matter hereof and supersede all prior agreements and understandings, both written and oral, among the Parties with respect to the subject matter hereof. There
are no restrictions, promises, warranties, covenants or undertakings between the Parties, other than those expressly set forth or referred to herein or therein.  

Section 14. Inconsistent Arrangements; Specific Performance. 

(a) No Party shall enter into any agreements or arrangements of any kind with any Person with respect to any Subject Securities on terms
inconsistent with the provisions of this Agreement (whether or not such agreements or arrangements are with Persons that are Parties to this Agreement), including agreements or arrangements with respect to the acquisition or disposition of any
Subject Securities in a manner inconsistent with this Agreement. 
 (b) Each Party acknowledges that irreparable damage would occur in the
event that any of the provisions of this Agreement were not performed in accordance with its specific terms and that a remedy at law for any breach or attempted breach of this Agreement will be inadequate. It is accordingly agreed that the Parties
shall be entitled to specific performance and injunctive and other equitable relief in case of any such breach or attempted breach and to enforce specifically the terms and provisions hereof, and further agrees to waive (to the extent legally
permissible) any legal conditions required to be met for the obtaining of any such injunctive or other equitable relief (including securing or posting any bond in order to obtain equitable relief). Each Party further agrees that, in the event of any
action for an injunction or other equitable remedy in respect of such breach or enforcement of specific performance, it will not assert the defense that a remedy at law would be adequate. 

Section 15. Counterparts. This Agreement may be executed in counterparts, all of which together shall constitute an agreement
binding on all Parties hereto, notwithstanding that all such Parties are not signatories to the original or the same counterpart. Facsimile copies of signatures shall constitute original signatures for all purposes of this Agreement and any
enforcement hereof. 
 Section 16. Further Assurances. Each Party hereto shall do and perform or cause to be done and performed
all such further acts and things and shall execute and deliver all such other agreements, certificates, instruments, and other documents as any other Party hereto reasonably may request in order to carry out the provisions of this Agreement and the
consummation of the transactions contemplated hereby. 

  
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 Section 17. No Recourse. This Agreement may only be enforced against, and any
claims or cause of action that may be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement may only be made against, the Parties hereto and no past, present or future affiliate,
director, officer, employee, incorporator, member, manager, partner, stockholder, agent, attorney or representative of any Party hereto shall have any liability for any obligations or liabilities of the Parties to this Agreement or for any claim
based on, in respect of, or by reason of, the transactions contemplated hereby. 
 [Signature Pages Follow] 

  
 14 

 The Parties have signed this agreement as of the date first written above. 

 

			
	ALTUS MIDSTREAM COMPANY
		
	By:	 	/s/ Ben C. Rodgers
	Name:	 	Ben C. Rodgers
	Title:	 	Chief Financial Officer and Treasurer
	
	ALTUS MIDSTREAM LP
		
	By:	 	Altus Midstream GP LLC
	Its:	 	General Partner
		
	By:	 	/s/ Ben C. Rodgers
	Name:	 	Ben C. Rodgers
	Title:	 	Chief Financial Officer and Treasurer
	
	APA CORPORATION
		
	By:	 	/s/ Stephen J. Riney
	Name:	 	Stephen J. Riney
	Title:	 	Executive Vice President and Chief Financial Officer
	
	APACHE MIDSTREAM LLC
		
	By:	 	/s/ Stephen J. Riney
	Name:	 	Stephen J. Riney
	Title:	 	Executive Vice President and Chief Financial Officer
	
	BUZZARD MIDSTREAM LLC
		
	By:	 	/s/ Thomas Lefebvre
	Name:	 	Thomas Lefebvre
	Title:	 	Authorized Signatory
	
	BCP RAPTOR AGGREGATOR, LP
		
	By:	 	/s/ David Foley
	Name:	 	David Foley
	Title:	 	Senior Managing Director

  
 SIGNATURE
PAGE TO DIVIDEND AND DISTRIBUTION REINVESTMENT AGREEMENT 

 
			
	BX PERMIAN PIPELINE AGGREGATOR LP
		
	By:	 	/s/ David Foley
	Name:	 	David Foley
	Title:	 	Senior Managing Director
	
	NEW BCP RAPTOR HOLDCO, LLC
		
	By:	 	/s/ Jamie Welch
	Name:	 	Jamie Welch
	Title:	 	Chief Executive Officer, President and Chief Financial Officer
	
	/s/ Jamie Welch
	JAMIE WELCH
	
	/s/ Chris Evans
	CHRIS EVANS
	
	/s/ Tyler Milam
	TYLER MILAM
	
	/s/ Misty Williams
	MISTY WILLIAMS

  
 SIGNATURE
PAGE TO DIVIDEND AND DISTRIBUTION REINVESTMENT AGREEMENT 

 Exhibit A 

FORM OF JOINDER AGREEMENT 

[DATE] 
 The undersigned
hereby absolutely, unconditionally and irrevocably agrees to be bound by the terms and provisions of that certain Dividend and Distribution Reinvestment Agreement, dated as of February 22, 2022, by and among Altus Midstream Company, a
Delaware corporation, Altus Midstream LP, a Delaware limited partnership, APA Corporation, a Delaware corporation, Apache Midstream LLC, a Delaware limited liability company, Buzzard Midstream LLC, a Delaware limited liability company and controlled
affiliate of ISQ Global Infrastructure Fund II L.P., BCP Raptor Aggregator, LP, a Delaware limited partnership and controlled affiliate of Blackstone Capital Partners VII L.P. and Blackstone Energy Partners II L.P., BX Permian Pipeline Aggregator
LP, a Delaware limited partnership and controlled affiliate of Blackstone Capital Partners VII L.P. and Blackstone Energy Partners II L.P., New BCP Raptor Holdco, LLC, a Delaware limited liability company, and certain other individuals that are
signatories thereto (the “Reinvestment Agreement”), and to join in the Reinvestment Agreement as a Party with the same force and effect as if the undersigned were originally a party thereto. 

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

 

	
	 
	Name:
	
	Notice Information:
	
	 
	
	 
	
	 

  
 EXHIBIT A
TO DIVIDEND AND DISTRIBUTION REINVESTMENT AGREEMENTEX-10.3

 Exhibit 10.3 

INDEMNITY AGREEMENT 

THIS INDEMNITY AGREEMENT (this “Agreement”) is made as [•], by and between Kinetik Holdings Inc., a
Delaware corporation (the “Company”), and [•] (“Indemnitee”). 
 RECITALS

 WHEREAS, highly competent persons have become more reluctant to serve publicly-held corporations as directors, officers or
in other capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such
corporations; 
 WHEREAS, the Board of Directors of the Company (the “Board”) has determined that, in order
to attract and retain qualified individuals, the Company will attempt to maintain on an ongoing basis, at its sole expense, liability insurance to protect persons serving the Company and its subsidiaries from certain liabilities. Although the
furnishing of such insurance has been a customary and widespread practice among United States-based corporations and other business enterprises, the Company believes that, given current market conditions and trends, such insurance may be available
to it in the future only at higher premiums and with more exclusions. At the same time, directors, officers and other persons in service to corporations or business enterprises are being increasingly subjected to expensive and time-consuming
litigation relating to, among other things, matters that traditionally would have been brought only against the Company or business enterprise itself. The Third Amended and Restated Certificate of Incorporation (the
“Charter”) and the Amended and Restated Bylaws (the “Bylaws”) of the Company require indemnification of the officers and directors of the Company. Indemnitee may also be entitled to indemnification
pursuant to applicable provisions of the Delaware General Corporation Law (“DGCL”). The Charter, Bylaws and the DGCL expressly provide that the indemnification provisions set forth therein are not exclusive, and thereby
contemplate that contracts may be entered into between the Company and members of the board of directors, officers and other persons with respect to indemnification, hold harmless, exoneration, advancement and reimbursement rights; 

WHEREAS, the uncertainties relating to such insurance and to indemnification have increased the difficulty of attracting and retaining
such persons; 
 WHEREAS, the Board has determined that the increased difficulty in attracting and retaining such persons is
detrimental to the best interests of the Company’s stockholders and that the Company should act to assure such persons that there will be increased certainty of such protection in the future; 

WHEREAS, it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, hold harmless,
exonerate and to advance expenses on behalf of, such persons to the fullest extent permitted by applicable law so that they will serve or continue to serve the Company free from undue concern that they will not be so protected against liabilities;

 WHEREAS, this Agreement is a supplement to and in furtherance of the Charter and Bylaws of the Company and any resolutions adopted
pursuant thereto, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; 

 WHEREAS, Indemnitee may not be willing to serve as an officer or director, advisor or
in another capacity without adequate protection, and the Company desires Indemnitee to serve in such capacity. Indemnitee is willing to serve, continue to serve and to take on additional service for or on behalf of the Company on the condition that
he be so indemnified; and 
 NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Company
and Indemnitee do hereby covenant and agree as follows: 
 TERMS AND CONDITIONS 

1. SERVICES TO THE COMPANY. In consideration of the Company’s covenants and obligations hereunder, Indemnitee will serve or
continue to serve as an officer, director, advisor, key employee or any other capacity of the Company, as applicable, for so long as Indemnitee is duly elected or appointed or retained or until Indemnitee tenders his resignation or until Indemnitee
is removed. The foregoing notwithstanding, this Agreement shall continue in full force and effect after Indemnitee has ceased to serve as a director, officer, advisor, key employee or in any other capacity of the Company, as provided in
Section 17. This Agreement, however, shall not impose any obligation on Indemnitee or the Company to continue Indemnitee’s service to the Company beyond any period otherwise required by law or by other agreements or
commitments of the parties, if any. 
 2. DEFINITIONS. As used in this Agreement: 

(a) References to “agent” shall mean any person who is or was a director, officer or employee of the Company or a
subsidiary of the Company or other person authorized by the Company to act for the Company, to include such person serving in such capacity as a director, officer, employee, fiduciary or other official of another corporation, partnership, limited
liability company, joint venture, trust or other enterprise at the request of, for the convenience of, or to represent the interests of the Company or a subsidiary of the Company. 

(b) The terms “Beneficial Owner” and “Beneficial Ownership” shall have the meanings set forth
in Rule 13d-3 promulgated under the Exchange Act (as defined below) as in effect on the date hereof. 

(c) A “Change in Control” shall be deemed to occur upon the earliest to occur after the date of this Agreement of any
of the following events: 
 (i) Acquisition of Stock by Third Party. Other than an affiliate of BCP Raptor Aggregator, LP, a Delaware
limited partnership (“BCP Raptor”), BX Permian Pipeline Aggregator LP, a Delaware limited partnership (“BX Permian”), Buzzard Midstream LLC, a Delaware limited liability company (“I
Squared”), APA Corporation, a Delaware corporation (“Apache” and, together with BCP Raptor, BX Permian and I Squared, the “Sponsors”) and their respective successors and assigns, any
Person (as defined below) is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to
vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities
entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under part (iii) of this
definition; 

  
 2 

 (ii) Change in Board of Directors. Individuals who, as of the date hereof,
constitute the Board, and any new director whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two thirds of the directors then still in office who were directors on the date
hereof or whose election for nomination for election was previously so approved (collectively, the “Continuing Directors”), cease for any reason to constitute at least a majority of the members of the Board; 

(iii) Corporate Transactions. The effective date of a merger, capital stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination, involving the Company and one or more businesses (a “Business Combination”), in each case, unless, following such Business Combination: (1) all or substantially all of the individuals and
entities who were the Beneficial Owners of securities entitled to vote generally in the election of directors immediately prior to such Business Combination beneficially own, directly or indirectly, more than 51% of the combined voting power of the
then outstanding securities of the Company entitled to vote generally in the election of directors resulting from such Business Combination (including, without limitation, a corporation which as a result of such transaction owns the Company or all
or substantially all of the Company’s assets either directly or through one or more Subsidiaries (as defined below)) in substantially the same proportions as their ownership immediately prior to such Business Combination, of the securities
entitled to vote generally in the election of directors; (2) other than an affiliate of the Sponsors or their respective successors and assigns, no Person (excluding any corporation resulting from such Business Combination) is the Beneficial
Owner, directly or indirectly, of 15% or more of the combined voting power of the then outstanding securities entitled to vote generally in the election of directors of the surviving corporation except to the extent that such ownership existed prior
to the Business Combination; and (3) at least a majority of the Board of Directors of the corporation resulting from such Business Combination were Continuing Directors at the time of the execution of the initial agreement, or of the action of
the Board of Directors, providing for such Business Combination; 
 (iv) Liquidation. The approval by the stockholders of the Company
of a complete liquidation of the Company or an agreement or series of agreements for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than factoring the Company’s current receivables or
escrows due (or, if such stockholder approval is not required, the decision by the Board to proceed with such a liquidation, sale, or disposition in one transaction or a series of related transactions); or 

(v) Other Events. There occurs any other event of a nature that would be required to be reported in response to Item 6(e) of Schedule
14A of Regulation 14A (or any successor rule) (or a response to any similar item on any similar schedule or form) promulgated under the Exchange Act (as defined below), whether or not the Company is then subject to such reporting requirement. 

  
 3 

 (d) “Corporate Status” describes the status of a person who is or
was a director, officer, trustee, general partner, manager, managing member, fiduciary, employee or agent of the Company or of any other Enterprise (as defined below) which such person is or was serving at the request of the Company. 

(e) “Delaware Court” shall mean the Court of Chancery of the State of Delaware. 

(f) “Disinterested Director” shall mean a director of the Company who is not and was not a party to the Proceeding (as
defined below) in respect of which indemnification is sought by Indemnitee. 
 (g) “Enterprise” shall mean the
Company and any other corporation, constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger to which the Company (or any of its wholly owned subsidiaries) is a party, limited liability company,
partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a director, officer, trustee, general partner, managing member, fiduciary, employee or agent. 

(h) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

(i) “Expenses” shall include all direct and indirect costs, fees and expenses of any type or nature whatsoever,
including, without limitation, all reasonable attorneys’ fees and costs, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, fees of private investigators and professional advisors, duplicating costs,
printing and binding costs, telephone charges, postage, delivery service fees, fax transmission charges, secretarial services and all other disbursements, obligations or expenses in connection with prosecuting, defending, preparing to prosecute or
defend, investigating, being or preparing to be a witness in, settlement or appeal of, or otherwise participating in, a Proceeding (as defined below). Expenses also shall include Expenses incurred in connection with any appeal resulting from any
Proceeding (as defined below), including without limitation the principal, premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent. Expenses, however, shall not include amounts paid
in settlement by Indemnitee or the amount of judgments or fines against Indemnitee. 
 (j) References to “fines”
shall include any excise tax assessed on Indemnitee with respect to any employee benefit plan; references to “serving at the request of the Company” shall include any service as a director, officer, employee, agent or fiduciary of
the Company which imposes duties on, or involves services by, such director, officer, employee, agent or fiduciary with respect to an employee benefit plan, its participants or beneficiaries; and if Indemnitee acted in good faith and in a manner
Indemnitee reasonably believed to be in the best interests of the participants and beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have acted in a manner “not opposed to the best interests of the Company” as
referred to in this Agreement. 

  
 4 

 (k) “Independent Counsel” shall mean a law firm or a member of a law
firm with significant experience in matters of corporation law and that neither presently is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party (other than with
respect to matters concerning Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements); or (ii) any other party to the Proceeding (as defined below) giving rise to a claim for indemnification hereunder.
Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or
Indemnitee in an action to determine Indemnitee’s rights under this Agreement. 
 (l) The term “Person” shall
have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act as in effect on the date hereof; provided, however, that “Person” shall exclude: (i) the Company; (ii) any Subsidiaries (as defined below) of the
Company; (iii) any employment benefit plan of the Company or of a Subsidiary (as defined below) of the Company or of any corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as
their ownership of stock of the Company; and (iv) any trustee or other fiduciary holding securities under an employee benefit plan of the Company or of a Subsidiary (as defined below) of the Company or of a corporation owned directly or
indirectly by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company. 
 (m) The
term “Proceeding” shall include any threatened, pending or completed action, suit, arbitration, mediation, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened
or completed proceeding, whether brought in the right of the Company or otherwise and whether of a civil (including intentional or unintentional tort claims), criminal, administrative or investigative or related nature, in which Indemnitee was, is,
will or might be involved as a party or otherwise by reason of the fact that Indemnitee is or was a director or officer of the Company, by reason of any action (or failure to act) taken by him or of any action (or failure to act) on his part while
acting as a director or officer of the Company, or by reason of the fact that he is or was serving at the request of the Company as a director, officer, trustee, general partner, managing member, fiduciary, employee or agent of any other Enterprise,
in each case whether or not serving in such capacity at the time any liability or expense is incurred for which indemnification, reimbursement, or advancement of expenses can be provided under this Agreement. 

(n) The term “Subsidiary,” with respect to any Person, shall mean any corporation, limited liability company,
partnership, joint venture, trust or other entity of which a majority of the voting power of the voting equity securities or equity interest is owned, directly or indirectly, by that Person. 

3. INDEMNITY IN THIRD-PARTY PROCEEDINGS. To the fullest extent permitted by applicable law, the Company shall indemnify, hold
harmless and exonerate Indemnitee in accordance with the provisions of this Section 3 if Indemnitee was, is, or is threatened to be made, a party to or a participant (as a witness, deponent or otherwise) in any Proceeding,
other than a Proceeding by or in the right of the Company to procure a judgment in its favor by reason of Indemnitee’s Corporate Status. Pursuant to this Section 3, Indemnitee shall be indemnified, held harmless and
exonerated against all Expenses, judgments, liabilities, fines, penalties and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses, judgments, fines,
penalties and amounts paid in settlement) actually, and reasonably incurred by Indemnitee or on his behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he reasonably
believed to be in or not opposed to the best interests of the Company and, in the case of a criminal Proceeding, had no reasonable cause to believe that his conduct was unlawful. 

  
 5 

 4. INDEMNITY IN PROCEEDINGS BY OR IN THE RIGHT OF THE COMPANY. To the fullest
extent permitted by applicable law, the Company shall indemnify, hold harmless and exonerate Indemnitee in accordance with the provisions of this Section 4 if Indemnitee was, is, or is threatened to be made, a party to or a
participant (as a witness, deponent or otherwise) in any Proceeding by or in the right of the Company to procure a judgment in its favor by reason of Indemnitee’s Corporate Status. Pursuant to this Section 4,
Indemnitee shall be indemnified, held harmless and exonerated against all Expenses actually and reasonably incurred by him or on his behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith
and in a manner he reasonably believed to be in or not opposed to the best interests of the Company. No indemnification, hold harmless or exoneration for Expenses shall be made under this Section 4 in respect of any claim,
issue or matter as to which Indemnitee shall have been finally adjudged by a court to be liable to the Company, unless and only to the extent that any court in which the Proceeding was brought or the Delaware Court shall determine upon application
that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification, to be held harmless or to exoneration. 

5. INDEMNIFICATION FOR EXPENSES OF A PARTY WHO IS WHOLLY OR PARTLY SUCCESSFUL. Notwithstanding any other provisions of this
Agreement, to the extent that Indemnitee was or is, by reason of Indemnitee’s Corporate Status, a party to (or a participant in) and is successful, on the merits or otherwise, in any Proceeding or in defense of any claim, issue or matter
therein, in whole or in part, the Company shall, to the fullest extent permitted by applicable law, indemnify, hold harmless and exonerate Indemnitee against all Expenses actually and reasonably incurred by him in connection therewith. If Indemnitee
is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall, to the fullest extent permitted by applicable law,
indemnify, hold harmless and exonerate Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf in connection with each successfully resolved claim, issue or matter. If Indemnitee is not wholly successful in such
Proceeding, the Company also shall, to the fullest extent permitted by applicable law, indemnify, hold harmless and exonerate Indemnitee against all Expenses reasonably incurred in connection with a claim, issue or matter related to any claim,
issue, or matter on which Indemnitee was successful. For purposes of this Section and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful
result as to such claim, issue or matter. 
 6. INDEMNIFICATION FOR EXPENSES OF A WITNESS. Notwithstanding any other provision
of this Agreement, to the extent that Indemnitee is, by reason of his Corporate Status, a witness or deponent in any Proceeding to which Indemnitee was or is not a party or threatened to be made a party, he shall, to the fullest extent permitted by
applicable law, be indemnified, held harmless and exonerated against all Expenses actually and reasonably incurred by him or on his behalf in connection therewith. 

  
 6 

 7. ADDITIONAL INDEMNIFICATION, HOLD HARMLESS AND EXONERATION RIGHTS.
Notwithstanding any limitation in Sections 3, 4, or 5, the Company shall, to the fullest extent permitted by applicable law, indemnify, hold harmless and exonerate Indemnitee if Indemnitee is a party to or
threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment in its favor) against all Expenses, judgments, fines, penalties and amounts paid in settlement (including all interest,
assessments and other charges paid or payable in connection with or in respect of such Expenses, judgments, fines, penalties and amounts paid in settlement) actually and reasonably incurred by Indemnitee in connection with the Proceeding. No
indemnification, hold harmless or exoneration rights shall be available under this Section 7 on account of Indemnitee’s conduct which constitutes a breach of Indemnitee’s duty of loyalty to the Company or its
stockholders or is an act or omission not in good faith or which involves intentional misconduct or a knowing violation of the law. 

8. CONTRIBUTION IN THE EVENT OF JOINT LIABILITY. 

(a) To the fullest extent permissible under applicable law, if the indemnification, hold harmless and/or exoneration rights provided for in
this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying, holding harmless or exonerating Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee,
whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and
relinquishes any right of contribution it may have at any time against Indemnitee. 
 (b) The Company shall not enter into any settlement of
any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding) unless such settlement provides for a full and final release of all claims asserted against Indemnitee. 

(c) The Company hereby agrees to fully indemnify, hold harmless and exonerate Indemnitee from any claims for contribution which may be brought
by officers, directors or employees of the Company other than Indemnitee who may be jointly liable with Indemnitee. 
 9.
EXCLUSIONS. Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnification, advance expenses, hold harmless or exoneration payment in connection with any claim made against
Indemnitee: 
 (a) for which payment has actually been received by or on behalf of Indemnitee under any insurance policy or other indemnity
or advancement provision, except with respect to any excess beyond the amount actually received under any insurance policy, contract, agreement, other indemnity or advancement provision or otherwise; 

(b) for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within the
meaning of Section 16(b) of the Exchange Act (or any successor rule) or similar provisions of state statutory law or common law; or 

  
 7 

 (c) except as otherwise provided in Sections 14(f)-(g)
hereof, prior to a Change in Control, in connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against the Company or its directors,
officers, employees or other indemnitees, unless (i) the Board authorized the Proceeding (or any part of any Proceeding) prior to its initiation or (ii) the Company provides the indemnification, hold harmless or exoneration payment, in its
sole discretion, pursuant to the powers vested in the Company under applicable law. Indemnitee shall seek payments or advances from the Company only to the extent that such payments or advances are unavailable from any insurance policy of the
Company covering Indemnitee. 
 10. ADVANCES OF EXPENSES; DEFENSE OF CLAIM. 

(a) Notwithstanding any provision of this Agreement to the contrary, and to the fullest extent not prohibited by applicable law, the Company
shall pay the Expenses incurred by Indemnitee (or reasonably expected by Indemnitee to be incurred by Indemnitee within three months) in connection with any Proceeding within ten (10) days after the receipt by the Company of a statement or
statements requesting such advances from time to time, prior to the final disposition of any Proceeding. Advances shall, to the fullest extent permitted by law, be unsecured and interest free. Advances shall, to the fullest extent permitted by law,
be made without regard to Indemnitee’s ability to repay the Expenses and without regard to Indemnitee’s ultimate entitlement to be indemnified, held harmless or exonerated under the other provisions of this Agreement. Advances shall
include any and all reasonable Expenses incurred pursuing a Proceeding to enforce this right of advancement, including Expenses incurred preparing and forwarding statements to the Company to support the advances claimed. To the fullest extent
required by applicable law, such payments of Expenses in advance of the final disposition of the Proceeding shall be made only upon the Company’s receipt of an undertaking, by or on behalf of Indemnitee, to repay the advanced amounts to the
extent that it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company under the provisions of this Agreement, the Charter, the Bylaws of the Company, applicable law or otherwise. This
Section 10(a) shall not apply to any claim made by Indemnitee for which an indemnification, hold harmless or exoneration payment is excluded pursuant to Section 9. 

(b) The Company will be entitled to participate in the Proceeding at its own expense. 

(c) The Company shall not settle any action, claim or Proceeding (in whole or in part) which would impose any Expense, judgment, fine, penalty
or limitation on Indemnitee without Indemnitee’s prior written consent. 
 11. PROCEDURE FOR NOTIFICATION AND APPLICATION FOR
INDEMNIFICATION. 
 (a) Indemnitee agrees to notify promptly the Company in writing upon being served with any summons, citation,
subpoena, complaint, indictment, information or other document relating to any Proceeding, claim, issue or matter therein which may be subject to indemnification, hold harmless or exoneration rights, or advancement of Expenses covered hereunder. The
failure of Indemnitee to so notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement, or otherwise. 

  
 8 

 (b) Indemnitee may deliver to the Company a written application to indemnify, hold harmless
or exonerate Indemnitee in accordance with this Agreement. Such application(s) may be delivered from time to time and at such time(s) as Indemnitee deems appropriate in his sole discretion. Following such a written application for indemnification by
Indemnitee, Indemnitee’s entitlement to indemnification shall be determined according to Section 12(b) of this Agreement. 

12. PROCEDURE UPON APPLICATION FOR INDEMNIFICATION. 

(a) A determination, if required by applicable law, with respect to Indemnitee’s entitlement to indemnification shall be made in the
specific case by one of the following methods: (i) if no Change in Control has occurred, (x) by a majority vote of the Disinterested Directors, even though less than a quorum of the Board, (y) by a committee of Disinterested
Directors, even though less than a quorum of the Board, or (z) if there are no Disinterested Directors, or if such Disinterested Directors so direct, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered
to Indemnitee, or (ii) if a Change in Control has occurred, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee. The Company promptly will advise Indemnitee in writing with respect to any
determination that Indemnitee is or is not entitled to indemnification, including a description of any reason or basis for which indemnification has been denied. If it is so determined that Indemnitee is entitled to indemnification, payment to
Indemnitee shall be made within ten (10) days after such determination. Indemnitee shall reasonably cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification,
including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably
necessary to such determination. Any costs or Expenses (including reasonable attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the Company
(irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby agrees to indemnify and to hold Indemnitee harmless therefrom. 

(b) In the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to
Section 12(b) hereof, the Independent Counsel shall be selected as provided in this Section 12(c). The Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such
selection be made by the Board), and Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected and certifying that the Independent Counsel so selected meets the requirements of
“Independent Counsel” as defined in Section 2 of this Agreement. If the Independent Counsel is selected by the Board, the Company shall give written notice to Indemnitee advising him of the identity of the
Independent Counsel so selected and certifying that the Independent Counsel so selected meets the requirements of “Independent Counsel” as defined in Section 2 of this Agreement. In either event, Indemnitee or the
Company, as the case may be, may, within ten (10) days after such written notice of selection shall have been received, deliver to the Company or to Indemnitee, as the case may be, a written objection to such selection; provided, however, that
such 

  
 9 

 
objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in
Section 2 of this Agreement, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If such
written objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court of competent jurisdiction has determined that such objection is without
merit. If, within twenty (20) days after submission by Indemnitee of a written request for indemnification pursuant to Section 11(b) hereof, no Independent Counsel shall have been selected and not objected to, either
the Company or Indemnitee may petition the Delaware Court for resolution of any objection which shall have been made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as Independent Counsel
of a person selected by the Delaware Court, and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel under Section 12(b) hereof. Upon the due
commencement of any judicial proceeding or arbitration pursuant to Section 14(a) of this Agreement, Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the
applicable standards of professional conduct then prevailing). 
 (c) The Company agrees to pay the reasonable fees and expenses of
Independent Counsel and to fully indemnify and hold harmless such Independent Counsel against any and all Expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto. 

13. PRESUMPTIONS AND EFFECT OF CERTAIN PROCEEDINGS. 

(a) In making a determination with respect to entitlement to indemnification hereunder, the person, persons or entity making such
determination shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 11(b) of this Agreement, and the Company
shall have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination contrary to that presumption. Neither the failure of the Company (including by the Disinterested
Directors or Independent Counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor
an actual determination by the Company (including by the Disinterested Directors or Independent Counsel) that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee has
not met the applicable standard of conduct. 
 (b) If the person, persons or entity empowered or selected under
Section 12 of this Agreement to determine whether Indemnitee is entitled to indemnification shall not have made a determination within thirty (30) days after receipt by the Company of the request therefor, the
requisite determination of entitlement to indemnification shall, to the fullest extent permitted by law, be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent (i) a misstatement by Indemnitee of a material
fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a final judicial determination that any or all such indemnification is

  
 10 

 
expressly prohibited under applicable law; provided, however, that such 30-day period may be extended for a reasonable time, not to exceed an additional
fifteen (15) days, if the person, persons or entity making the determination with respect to entitlement to indemnification in good faith requires such additional time for the obtaining or evaluating of documentation and/or information relating
thereto. 
 (c) The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or
upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good
faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that his conduct was unlawful. 

(d) For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is
based on the records or books of account of the Enterprise, including financial statements, or on information supplied to Indemnitee by the directors, manager, or officers of the Enterprise in the course of their duties, or on the advice of legal
counsel for the Enterprise, its Board, any committee of the Board or any director, trustee, general partner, manager or managing member, or on information or records given or reports made to the Enterprise, its Board, any committee of the Board or
any director, trustee, general partner, manager or managing member, by an independent certified public accountant or by an appraiser or other expert selected by the Enterprise, its Board, any committee of the Board or any director, trustee, general
partner, manager or managing member. The provisions of this Section 13(d) shall not be deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed or found to have met the
applicable standard of conduct set forth in this Agreement. 
 (e) The knowledge and/or actions, or failure to act, of any other director,
officer, trustee, partner, manager, managing member, fiduciary, agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. 

14. REMEDIES OF INDEMNITEE. 

(a) In the event that (i) a determination is made pursuant to Section 12 of this Agreement that Indemnitee is
not entitled to indemnification under this Agreement, (ii) advancement of Expenses, to the fullest extent permitted by applicable law, is not timely made pursuant to Section 10 of this Agreement, (iii) no
determination of entitlement to indemnification shall have been made pursuant to Section 12(b) of this Agreement within thirty (30) days after receipt by the Company of the request for indemnification,
(iv) payment of indemnification is not made pursuant to Section 5, 6, 7 or the last sentence of Section 12(b) of this Agreement within ten (10) days after receipt by the
Company of a written request therefor, (v) a contribution payment is not made in a timely manner pursuant to Section 8 of this Agreement, (vi) payment of indemnification pursuant to
Section 3 or 4 of this Agreement is not made within ten (10) days after a determination has been made that Indemnitee is entitled to indemnification, or (vii) payment to Indemnitee pursuant to any hold
harmless or exoneration rights under this Agreement or otherwise is not made in accordance with this Agreement, Indemnitee shall be entitled to an adjudication by 

  
 11 

 
the Delaware Court to such indemnification, hold harmless, exoneration, contribution or advancement rights. Alternatively, Indemnitee, at his option, may seek an award in arbitration to be
conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Except as set forth herein, the provisions of Delaware law (without regard to its conflict of laws rules) shall apply to any such
arbitration. The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration. 
 (b) In the event
that a determination shall have been made pursuant to Section 12(b) of this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this
Section 14 shall be conducted in all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that adverse determination. 

(c) In any judicial proceeding or arbitration commenced pursuant to this Section 14, Indemnitee shall be presumed to
be entitled to be indemnified, held harmless, exonerated to receive advancement of Expenses under this Agreement and the Company shall have the burden of proving Indemnitee is not entitled to be indemnified, held harmless, exonerated and to receive
advancement of Expenses, as the case may be, and the Company may not refer to or introduce into evidence any determination pursuant to Section 12(b) of this Agreement adverse to Indemnitee for any purpose. If Indemnitee
commences a judicial proceeding or arbitration pursuant to this Section 14, Indemnitee shall not be required to reimburse the Company for any advances pursuant to Section 10 until a final
determination is made with respect to Indemnitee’s entitlement to indemnification (as to which all rights of appeal have been exhausted or lapsed). 

(d) If a determination shall have been made pursuant to Section 12(b) of this Agreement that Indemnitee is entitled
to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 14, absent (i) a misstatement by Indemnitee of a material fact, or an
omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law. 

(e) The Company shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this
Section 14 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Company is bound by all the provisions of
this Agreement. 
 (f) The Company shall indemnify and hold harmless Indemnitee to the fullest extent permitted by law against all Expenses
and, if requested by Indemnitee, shall (within ten (10) days after the Company’s receipt of such written request) pay to Indemnitee, to the fullest extent permitted by applicable law, such Expenses which are incurred by Indemnitee in
connection with any judicial proceeding or arbitration brought by Indemnitee: (i) to enforce his rights under, or to recover damages for breach of, this Agreement or any other indemnification, hold harmless, exoneration, advancement or
contribution agreement or provision of the Charter, or the Bylaws now or hereafter in effect; or (ii) for recovery or advances under any insurance policy maintained by any person for the benefit of Indemnitee, regardless of the outcome and
whether Indemnitee ultimately is determined to be entitled to such indemnification, hold harmless or exoneration right, advancement, contribution or insurance recovery, as the case may be (unless such judicial proceeding or arbitration was not
brought by Indemnitee in good faith). 

  
 12 

 (g) Interest shall be paid by the Company to Indemnitee at the legal rate under Delaware law
for amounts which the Company indemnifies, holds harmless or exonerates, or advances, or is obliged to indemnify, hold harmless or exonerate or advance for the period commencing with the date on which Indemnitee requests indemnification, to be held
harmless, exonerated, contribution, reimbursement or advancement of any Expenses and ending with the date on which such payment is made to Indemnitee by the Company. 

15. SECURITY. Notwithstanding anything herein to the contrary, to the extent requested by Indemnitee and approved by the Board,
the Company may at any time and from time to time provide security to Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security, once provided to
Indemnitee, may not be revoked or released without the prior written consent of Indemnitee. 
 16.
NON-EXCLUSIVITY; SURVIVAL OF RIGHTS; INSURANCE; SUBROGATION. 
 (a) The rights of Indemnitee
as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Charter, the Bylaws, any agreement, a vote of stockholders or a resolution of directors, or
otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any Proceeding (regardless of when such Proceeding is first threatened,
commenced or completed) or claim, issue or matter therein arising out of, or related to, any action taken or omitted by such Indemnitee in his Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in applicable
law, whether by statute or judicial decision, permits greater indemnification, hold harmless or exoneration rights or advancement of Expenses than would be afforded currently under the Charter, the Bylaws or this Agreement, it is the intent of the
parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be
cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other right or remedy. 
 (b) The DGCL, the Charter and the Bylaws permit the Company to purchase and
maintain insurance or furnish similar protection or make other arrangements including, but not limited to, providing a trust fund, letter of credit, or surety bond (“Indemnification Arrangements”) on behalf of Indemnitee
against any liability asserted against him or incurred by or on behalf of him or in such capacity as a director, officer, employee or agent of the Company, or arising out of his status as such, whether or not the Company would have the power to
indemnify him against such liability under the provisions of this Agreement or under the DGCL, as it may then be in effect. The purchase, establishment, and maintenance of any such Indemnification Arrangement shall not in any way limit or affect the
rights and obligations of the Company or of Indemnitee under this Agreement except as expressly provided herein, and the execution and delivery of this Agreement by the Company and Indemnitee shall not in any way limit or affect the rights and
obligations of the Company or the other party or parties thereto under any such Indemnification Arrangement. 

  
 13 

 (c) To the extent that the Company maintains an insurance policy or policies providing
liability insurance for directors, officers, trustees, partners, managers, managing members, fiduciaries, employees, or agents of the Company or of any other Enterprise which such person serves at the request of the Company, Indemnitee shall be
covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any such director, officer, trustee, partner, managers, managing member, fiduciary, employee or agent under such policy or
policies. If, at the time the Company receives notice from any source of a Proceeding as to which Indemnitee is a party or a participant (as a witness, deponent or otherwise), the Company has director and officer liability insurance in effect, the
Company shall give prompt notice of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf
of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies. 
 (d) In the event of any
payment under this Agreement, the Company, to the fullest extent permitted by law, shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary
to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights. 

(e) The Company’s obligation to indemnify, hold harmless, exonerate or advance Expenses hereunder to Indemnitee who is or was serving at
the request of the Company as a director, officer, trustee, partner, manager, managing member, fiduciary, employee or agent of any other Enterprise shall be reduced by any amount Indemnitee has actually received as indemnification, hold harmless or
exoneration payments or advancement of expenses from such Enterprise. Notwithstanding any other provision of this Agreement to the contrary, (i) Indemnitee shall have no obligation to reduce, offset, allocate, pursue or apportion any
indemnification, hold harmless, exoneration, advancement, contribution or insurance coverage among multiple parties possessing such duties to Indemnitee prior to the Company’s satisfaction and performance of all its obligations under this
Agreement, and (ii) the Company shall perform fully its obligations under this Agreement without regard to whether Indemnitee holds, may pursue or has pursued any indemnification, advancement, hold harmless, exoneration, contribution or
insurance coverage rights against any person or entity other than the Company. 
 17. DURATION OF AGREEMENT. All agreements
and obligations of the Company contained herein shall continue during the period Indemnitee serves as a director or officer of the Company or as a director, officer, trustee, partner, manager, managing member, fiduciary, employee or agent of any
other corporation, partnership, joint venture, trust, employee benefit plan or other Enterprise which Indemnitee serves at the request of the Company and shall continue thereafter so long as Indemnitee shall be subject to any possible Proceeding
(including any rights of appeal thereto and any Proceeding commenced by Indemnitee pursuant to Section 14 of this Agreement) by reason of his Corporate Status, whether or not he is acting in any such capacity at the time
any liability or expense is incurred for which indemnification or advancement can be provided under this Agreement. 

  
 14 

 18. SEVERABILITY. If any provision or provisions of this Agreement shall be
held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation, each portion of any Section, paragraph or
sentence of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the
fullest extent permitted by law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest
extent possible, the provisions of this Agreement (including, without limitation, each portion of any Section, paragraph or sentence of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself
invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby. 
 19. ENFORCEMENT
AND BINDING EFFECT. 
 (a) The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations
imposed on it hereby in order to induce Indemnitee to serve as a director, officer or key employee of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director, officer or key employee of the
Company. 
 (b) Without limiting any of the rights of Indemnitee under the Charter or Bylaws of the Company as they may be amended from time
to time, this Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect
to the subject matter hereof. 
 (c) The indemnification, hold harmless, exoneration and advancement of expenses rights provided by or
granted pursuant to this Agreement shall be binding upon and be enforceable by the parties hereto and their respective successors and assigns (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or
substantially all of the business and/or assets of the Company), shall continue as to an Indemnitee who has ceased to be a director, officer, employee or agent of the Company or a director, officer, trustee, general partner, manager, managing
member, fiduciary, employee or agent of any other Enterprise at the Company’s request, and shall inure to the benefit of Indemnitee and his spouse, assigns, heirs, devisees, executors and administrators and other legal representatives. 

(d) The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all,
substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform if no such succession had taken place. 

  
 15 

 (e) The Company and Indemnitee agree herein that a monetary remedy for breach of this
Agreement, at some later date, may be inadequate, impracticable and difficult of proof, and further agree that such breach may cause Indemnitee irreparable harm. Accordingly, the parties hereto agree that Indemnitee may, to the fullest extent
permitted by law, enforce this Agreement by seeking, among other things, injunctive relief and/or specific performance hereof, without any necessity of showing actual damage or irreparable harm and that by seeking injunctive relief and/or specific
performance, Indemnitee shall not be precluded from seeking or obtaining any other relief to which he may be entitled. The Company and Indemnitee further agree that Indemnitee shall, to the fullest extent permitted by law, be entitled to such
specific performance and injunctive relief, including temporary restraining orders, preliminary injunctions and permanent injunctions, without the necessity of posting bonds or other undertaking in connection therewith. The Company acknowledges that
in the absence of a waiver, a bond or undertaking may be required of Indemnitee by a court of competent jurisdiction, Company hereby waives any such requirement of such a bond or undertaking to the fullest extent permitted by law. 

20. MODIFICATION AND WAIVER. No supplement, modification or amendment of this Agreement shall be binding unless executed in
writing by the Company and Indemnitee. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement nor shall any waiver constitute a continuing waiver. 

21. NOTICES. All notices, requests, demands and other communications under this Agreement shall be in writing and shall be
deemed to have been duly given (i) if delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, or (ii) mailed by certified or registered mail with postage prepaid, on the third
(3rd) business day after the date on which it is so mailed: 
 (a) If to Indemnitee, at the address indicated on the signature page of this
Agreement, or such other address as Indemnitee shall provide in writing to the Company. 
 (b) If to the Company, to: 

Kinetik Holdings Inc. 

2700 Post Oak Blvd. 

Suite 300 

Houston, TX 77056 

Attention: Todd Carpenter 

With a copy, which shall not constitute notice, to 

Vinson & Elkins L.L.P. 

845 Texas Ave 

Houston, Texas 77002 

Attn: Keith Fullenweider; Doug McWilliams 

or to any other address as may have been furnished to Indemnitee in writing by the Company. 

  
 16 

 22. APPLICABLE LAW AND CONSENT TO JURISDICTION. This Agreement and the legal
relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. Except with respect to any arbitration commenced by Indemnitee pursuant
to Section 14(a) of this Agreement, to the fullest extent permitted by law, the Company and Indemnitee hereby irrevocably and unconditionally: (a) agree that any action or proceeding arising out of or in connection
with this Agreement shall be brought only in the Delaware Court and not in any other state or federal court in the United States of America or any court in any other country; (b) consent to submit to the exclusive jurisdiction of the Delaware
Court for purposes of any action or proceeding arising out of or in connection with this Agreement; (c) waive any objection to the laying of venue of any such action or proceeding in the Delaware Court; and (d) waive, and agree not to
plead or to make, any claim that any such action or proceeding brought in the Delaware Court has been brought in an improper or inconvenient forum, or is subject (in whole or in part) to a jury trial. To the fullest extent permitted by law, the
parties hereby agree that the mailing of process and other papers in connection with any such action or proceeding in the manner provided by Section 21 or in such other manner as may be permitted by law, shall be valid and
sufficient service thereof. 
 23. IDENTICAL COUNTERPARTS. This Agreement may be executed in one or more counterparts, each of
which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the
existence of this Agreement. 
 24. MISCELLANEOUS. Use of the masculine pronoun shall be deemed to include usage of the
feminine pronoun where appropriate. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. 

25. PERIOD OF LIMITATIONS. No legal action shall be brought and no cause of action shall be asserted by or in the right of the
Company against Indemnitee, Indemnitee’s spouse, heirs, executors or personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, and any claim or cause of action of the Company shall be
extinguished and deemed released unless asserted by the timely filing of a legal action within such two-year period; provided, however, that if any shorter period of limitations is otherwise applicable to any
such cause of action such shorter period shall govern. 
 26. ADDITIONAL ACTS. If for the validation of any of the provisions
in this Agreement any act, resolution, approval or other procedure is required to the fullest extent permitted by law, the Company undertakes to cause such act, resolution, approval or other procedure to be affected or adopted in a manner that will
enable the Company to fulfill its obligations under this Agreement. 
 27. MAINTENANCE OF INSURANCE. The Company shall use
commercially reasonable efforts to obtain and maintain in effect during the entire period for which the Company is obligated to indemnify the Indemnitee under this Agreement, one or more policies of insurance with reputable insurance companies to
provide the officers/directors of the Company with coverage for losses from wrongful acts and omissions and to ensure the Company’s performance 

  
 17 

 
of its indemnification obligations under this Agreement. The Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage
available for any such director or officer under such policy or policies. In all such insurance policies, the Indemnitee shall be named as an insured in such a manner as to provide the Indemnitee with the same rights and benefits as are accorded to
the most favorably insured of the Company’s directors and officers. 
 [Signature Page Follows] 

  
 18 

 IN WITNESS WHEREOF, the parties hereto have caused this Indemnity Agreement to be signed as
of the day and year first above written. 
  

			
	KINETIK HOLDINGS INC.
		
	By:	 	              

		 	Name:
		 	Title:
	
	INDEMNITEE
		
	By:	 	              

		 	Name:
		 	Address:

 [Signature page to Indemnity Agreement]

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