Document:

EX-10.3

 Exhibit 10.3 

Execution Version 

MEMBERSHIP INTEREST (BG PA) TRANSFER AGREEMENT 

THIS MEMBERSHIP INTEREST (BG PA) TRANSFER AGREEMENT (this “Agreement”) is entered into as of the Closing Date (as defined below), but
is effective for all purposes as of 11:59 p.m. on November 30, 2017 (the “Effective Time”), by and among BG US Production Company, LLC, a Delaware limited liability company (“Seller”), BG Production Company
(PA), LLC, a Delaware limited liability company (“Company”), and EXCO Production Company (PA), LLC, a Delaware limited liability company (the “Purchaser”). Each of Seller, Company and Purchaser may be referred to as
a “Party” or together, as the “Parties.” Capitalized terms not otherwise defined herein, including in Section 12, shall have the meanings attributed to them in the Amended and Restated
Operating Agreement of Company dated June 1, 2010 (as amended, the “Operating Agreement”). 
 RECITALS 

WHEREAS, Seller is the sole member in Company; 

WHEREAS, the business and affairs of Company are governed by the Operating Agreement; 

WHEREAS, Seller owns 100% of the issued and outstanding membership interests in Company (the “Membership Interests”);

 WHEREAS, Purchaser, certain Affiliates of Purchaser, Company, and certain Affiliates of Seller are entering or have entered into
that certain Settlement Agreement and Mutual Release, dated as of the Closing Date (the “Settlement Agreement”); and 

WHEREAS, in accordance with the Settlement Agreement, Seller will sell and Purchaser will purchase all of Seller’s right, title,
and interest in and to all of the Membership Interests upon the terms and subject to the conditions set forth herein in return for the consideration specified herein. 

NOW, THEREFORE, in consideration of the mutual representations, covenants and agreements contained herein and in the Settlement
Agreement and other good and valuable consideration set forth herein and in the Settlement Agreement, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Parties to this Agreement hereby agree
as follows: 
 1. Transfer and Assignment. Subject to all of the terms of this Agreement, Seller shall transfer the Membership
Interests to Purchaser effective as of the Effective Time. 
 2. Assignment and Assumption; Agreement to be Bound; No Longer Member.
For and in consideration of agreed value, the receipt and sufficiency of which is hereby acknowledged, Seller hereby sells, conveys, assigns, transfers and delivers to Purchaser, free and clear of all Encumbrances, all of its right, title and
interest in and to the Membership Interests, and Purchaser hereby takes and accepts such assignment and transfer, in each case, effective as of the Effective Time (the “Transfer”). PURCHASER HEREBY AGREES TO ASSUME, ACCEPT AND
TIMELY PERFORM AND DISCHARGE ANY AND ALL OF THE DUTIES, 

 
COVENANTS, LIABILITIES AND OTHER OBLIGATIONS OF SELLER UNDER THE OPERATING AGREEMENT, WHETHER ARISING BEFORE OR AFTER THE EFFECTIVE TIME. SELLER AND ITS AFFILIATES SHALL BE RELEASED FROM ALL OF
ITS RESPECTIVE OBLIGATIONS UNDER THE OPERATING AGREEMENT WHETHER ARISING BEFORE OR AFTER THE EFFECTIVE TIME, AND AS A RESULT OF SUCH RELEASE OF SELLER BY PURCHASER AND THE TRANSFER, IT IS UNDERSTOOD AND AGREED THAT AS OF THE EFFECTIVE TIME, SELLER
SHALL NO LONGER BE A MEMBER OF, NOR HAVE ANY INTEREST OR RIGHTS TO PARTICIPATE IN, COMPANY. FOR THE AVOIDANCE OF DOUBT, THE FOREGOING ASSUMPTION AND RELEASE SHALL NOT PRECLUDE PURCHASER FROM HAVING THE RIGHT TO SUE FOR ANY BREACH BY SELLER OF ITS
REPRESENTATIONS, WARRANTIES OR COVENANTS CONTAINED HEREIN. 
 3. Recognition of Transfer by Company. Company hereby consents to and recognizes the
Transfer. Purchaser shall file this Agreement with the records of Company following the Closing Date. 
 4. Representations and Warranties of
Seller and Company. Seller and Company represents and warrants to Purchaser, as of the Effective Time and the Closing Date, that: 
  

	 	a.	Organization. Each of Seller and Company is a limited liability company duly organized, validly existing and in good standing under the Laws of the jurisdiction of its formation. Company is duly licensed,
qualified or otherwise authorized to conduct business and is in good standing under the Laws of each jurisdiction in which it carries on business or owns assets and such qualification is required by Law. 

 

	 	b.	Authority. Each of Seller and Company has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder, and the execution and delivery of this Agreement by each of
Seller and Company, and the performance of all obligations hereunder, have been duly authorized by all necessary action. Company has all requisite power and authority to own and operate its property and to carry on its business as presently
conducted by it. 

  

	 	c.	Enforceability. This Agreement has been duly and validly executed and delivered by each of Seller and Company and, assuming due execution and delivery of this Agreement by the other Parties, constitutes the
binding obligation of each of Seller and Company enforceable against Seller and Company in accordance with its terms. 

  

	 	d.	 No Conflict. The execution, delivery, and performance of this Agreement by each of Seller and Company will
not, with or without the giving of notice or the lapse of time, or both, (i) violate any provision of law to which Seller, Company or any of their Affiliates is subject, (ii) violate any arbitration or mediation protocol, order, judgment,
or decree applicable to Seller or Company or any of their Affiliates is subject, (iii) conflict with, result in a breach or default under, or accelerate or permit the acceleration of the performance required by any term or

  
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condition of the applicable Organizational Documents of Seller or Company or any of their Affiliates or any material Contract to which Seller or Company or any of their Affiliates is subject, a
party to or bound by, or (iv) result in the creation or imposition of any Encumbrance upon any property of Company or the Membership Interests. Except as provided in the Operating Agreement, no consent, approval, authorization or order of any
court or Governmental Authority or of any third party is required in connection with the execution, delivery and performance by Seller or Company of this Agreement. 

 

	 	e.	Brokers’ Fees. Neither of Seller nor Company nor any of their Affiliates has employed or retained any broker, agent or finder in connection with this Agreement or the transactions contemplated herein, or
paid or agreed to pay any brokerage fee, finder’s fee, commission or similar payment to any person on account of this Agreement or the transactions provided for herein, which fee, commission or payment will constitute an obligation payable by
Purchaser or any other Party; and Seller shall indemnify and hold harmless Purchaser from any costs, including attorneys’ fees, and liability arising from the claim of any broker, agent or finder employed or retained by Seller in connection
with this Agreement. 

  

	 	f.	Operating Agreement. Prior to the date hereof, Seller has provided to Purchaser true, correct and complete copies of the Organizational Documents of Company, including the Operating Agreement, together with all
amendments thereto. 

  

	 	g.	Title to Membership Interests. Seller owns beneficially and of record all of the issued and outstanding membership interests in Company. The Membership Interests constitute all of the issued and outstanding
equity interests in Company that are owned by Seller or any of its Affiliates. The Membership Interests (i) are duly authorized, validly issued, fully paid and nonassessable; (ii) are free and clear of all Encumbrances (other than
restrictions imposed on transfer under applicable federal and/or state securities Laws or regulations); (iii) are not subject to any agreements or understandings among any Persons with respect to the voting or transfer thereof; and (iv) other
than this Agreement, are not subject to any outstanding subscriptions, options, convertible securities, warrants, calls or other securities granting rights to purchase or otherwise acquire any of such Membership Interests or any commitments or
agreements of any character obligating Seller to transfer, redeem or exchange any of such Membership Interests or the beneficial interest thereto. Company does not have, or has never had, any subsidiaries or direct or indirect equity interest in any
Person. Company has not made any distribution to any member from an after January 1, 2017. 

  

	 	h.	Anti-Bribery. In relation to the transactions the subject of this Agreement, neither Seller, Company nor any of their Related Parties has made, offered or authorized or will make, offer or authorize any payment,
gift, promise or other advantage, whether directly or through any other person or entity, to or for the use or benefit of any Government Official or any entity or other person where such payment, gift, promise or other advantage would
(i) comprise a Facilitation Payment; or (ii) violate the Anti-Bribery and Money-Laundering Laws and Obligations or any other applicable Law. 

  
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	 	i.	Litigation. There are no Proceedings pending, threatened in writing, or, to Seller’s Knowledge, threatened orally by any Person against Seller or its Affiliates with respect to (i) the Membership
Interests, and/or (ii) other than any Proceedings to which Purchaser or its Affiliates is a party thereto, Company or the assets held by Company. 

  

	 	j.	Contracts. To Seller’s Knowledge, except as set forth on Schedule 1, Company is not a party to any Contract other than Contracts to which Purchaser or one of its Affiliates is a party thereto or has
Knowledge thereof. Company is, and to Seller’s Knowledge, each counterparty thereto (other than Purchaser or its Affiliates) is, in material compliance with, and not in default in any material respect under, any Contract to which Company is a
party. 

  

	 	k.	Taxes. (i) All Tax Returns required to be filed by Company have been timely filed and all such Tax Returns are true, correct and complete in all material respects; (ii) all Taxes due and payable by
Company have been paid whether or not shown as due on such Tax Returns; (iii) there are no Encumbrances on any of the assets held by Company that arose in connection with the failure to pay any Tax by Company; (iv) there are no
Proceedings, Claims or notices of deficiency pending against or threatened in writing against Company in connection with any unpaid Tax; (v) no Tax Returns of Company are under audit or examination by any Governmental Authority; (vi) there
are no agreements or waivers currently in effect that provide for an extension of time with respect to the filing of any Tax Return by Company or the assessment or collection of any Tax from Company; (vii) no written claim has been made by any
Governmental Authority in a jurisdiction where Company did not file a Tax Return or pay a Tax directly that it is or may be required to file such a Tax Return or pay such a Tax (as the case may be) in that jurisdiction; and (viii) other than
the “EXCO-BG Appalachia Tax Partnership,” none of the assets of Company is subject to any tax partnership agreement or provisions requiring a partnership income tax return to be filed under
Subchapter K of Chapter 1 of Subtitle A of the Code or any similar state statute. 

  

	 	l.	Compliance with Laws. To Seller’s and Company’s Knowledge, Company is not, and during the past three years has not been, in material violation of any applicable Laws. 

 

	 	m.	Environmental Matters. To Seller’s Knowledge, with respect to any assets owned by Company other than Development Assets: (i) Company has, and for the past three years has had, all material Environmental
Permits required for the ownership or operation of such assets; (ii) Company is not in default in any material respect under any material Environmental Permit; and (iii) Company is not subject to any pending Proceeding related to such
assets, whether judicial or administrative, alleging any noncompliance in any material respect with, or potential material liability under, any Environmental Law or any release or any Hazardous Substance. 

  
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	 	n.	Indebtedness. Company does not have any Indebtedness from or to any other Person, and/or has not made any guarantees for the benefit of any Person.  

 

	 	o.	Bank Accounts; Powers of Attorney. There are no bank accounts or investment accounts maintained by Company as of the Closing Date and there are no valid powers of attorney issued by Company that remain in effect
following the Closing Date, other than powers of attorney for which Purchaser has consented in writing to remain outstanding. 

  

	 	p.	Scope of Activities. Except in connection with the assets associated with the Contracts set forth on Schedule 1, Company (i) does not own any property or assets other than property and assets that are
subject to that certain Joint Development Agreement, dated as of June 1, 2010, by and among Company, certain Affiliates of Seller, Purchaser and certain Affiliates of Purchaser (as amended from time to time, including pursuant to that certain
Amendment to the Joint Development Agreement (Appalachia), dated October 14, 2014, the “JDA”) or (ii) has not conducted any business other than the business of owning and operating its assets that are subject thereto.

  

	 	q.	Employees; Employee Benefits. Company does not currently have, and has never had, any employees, consultants or other individual service providers, and Company has not extended any offer of employment or service
to any employee or other individual service provider that is outstanding as of the Closing Date. Company does not maintain or administer, or has never maintained or administered, or does not have any liability or obligation (whether contingent or
otherwise) under, any Employee Benefit Plan, and Company does not have any commitment to create or adopt any Employee Benefit Plan. 

 5.
Representations and Warranties of Purchaser. Purchaser represents and warrants to Seller, as of the Effective Time and the Closing Date, that: 
  

	 	a.	Organization. Purchaser is a limited liability company duly formed, validly existing and in good standing under the Laws of the jurisdiction of its formation. Purchaser is duly licensed, qualified or otherwise
authorized to conduct business and is in good standing under the Laws of each jurisdiction in which it carries on business or owns assets and such qualification is required by Law. 

 

	 	b.	Authority. Purchaser has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder, and the execution and delivery of this Agreement by Purchaser, and the performance
of all obligations hereunder, have been duly authorized by all necessary action. Purchaser has all requisite power and authority to own and operate its property and to carry on its business as presently conducted by it. 

  
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	 	c.	Enforceability. This Agreement has been duly and validly executed and delivered by Purchaser and, assuming due execution and delivery of this Agreement by the other Parties, constitutes the binding obligation of
Purchaser enforceable against Purchaser in accordance with its terms. 

  

	 	d.	No Conflict. The execution, delivery, and performance by Purchaser of this Agreement will not, with or without the giving of notice or the lapse of time, or both, (i) violate any provision of law to which
Purchaser or its Affiliates is subject, (ii) violate any arbitration or mediation protocol, order, judgment, or decree applicable to Purchaser or its Affiliates, or (iii) conflict with, result in a breach or default under, or accelerate or
permit the acceleration of the performance required by any term or condition of its Organizational Documents or any material Contract to which Purchaser or its Affiliates is subject, a party to or bound by. No consent, approval, authorization or
order of any court or Governmental Authority or of any third party is required in connection with the execution, delivery and performance by Purchaser of this Agreement. 

 

	 	e.	Brokers’ Fees. Neither Purchaser nor any of its Affiliates has employed or retained any broker, agent or finder in connection with this Agreement or the transactions contemplated herein, or paid or agreed to
pay any brokerage fee, finder’s fee, commission or similar payment to any person on account of this Agreement or the transactions provided for herein, which fee, commission or payment will constitute an obligation payable by Seller; and
Purchaser shall indemnify and hold harmless Seller from any costs, including attorneys’ fees, and liability arising from the claim of any broker, agent or finder employed or retained by Purchaser in connection with this Agreement.

  

	 	f.	Anti-Bribery. In relation to the transactions the subject of this Agreement, neither the Purchaser nor any of its Related Parties has made, offered or authorized or will make, offer or authorize any payment,
gift, promise or other advantage, whether directly or through any other person or entity, to or for the use or benefit of any Government Official or any entity or other person where such payment, gift, promise or other advantage would
(i) comprise a Facilitation Payment; or (ii) violate the Anti-Bribery and Money-Laundering Laws and Obligations or any other applicable Law. 

6. Disclaimer. 
  

	 	a.	Except as and to the limited extent expressly set forth in this Agreement, (i) each of Seller, Purchaser and Company make no representations or warranties, express or implied, and (ii) each of Seller,
Purchaser and Company expressly disclaim all liability and responsibility for any representation, warranty, statement or information made or communicated (orally or in writing) to the other Parties. 

 

	 	b.	 WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, EXCEPT AS EXPRESSLY REPRESENTED OTHERWISE IN THIS AGREEMENT,
SELLER MAKES NO AND EXPRESSLY DISCLAIMS ANY 

  
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REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO (I) TITLE TO THE MEMBERSHIP INTERESTS, OR (II) ANY ESTIMATES OF THE VALUE OF THE MEMBERSHIP INTERESTS OR FUTURE REVENUES GENERATED
BY THE MEMBERSHIP INTERESTS, IT BEING EXPRESSLY UNDERSTOOD AND AGREED BY THE PARTIES HERETO THAT PURCHASER SHALL BE DEEMED TO BE OBTAINING THE MEMBERSHIP INTERESTS IN THEIR PRESENT CONDITION, “AS IS” AND “WHERE IS” WITH ALL
FAULTS AND DEFECTS. FOR THE AVOIDANCE OF DOUBT, THE FOREGOING DISCLAIMER SHALL NOT PRECLUDE PURCHASER FROM HAVING THE RIGHT TO SUE FOR ANY BREACH BY SELLER OF ITS REPRESENTATIONS, WARRANTIES OR COVENANTS CONTAINED HEREIN. 

7. Covenants. 
  

	 	a.	Releases. Effective as of the Effective Time, each Party, on behalf of itself and its Affiliates, hereby unconditionally and irrevocably and forever releases and discharges the other Parties and their respective
Affiliates, and their respective successors and assigns, and any present or former directors, managers, officers, employees or agents of such Party (each, a “Released Party”), of and from, and hereby unconditionally and irrevocably
waives, any and all Claims, debts and liabilities of any kind or character whatsoever, known or unknown, suspected or unsuspected, in contract, direct or indirect, at Law or in equity that such Party (or any of its Affiliates) ever had, now has or
ever may have or claim to have against any Released Party, for or by reason of any matter, circumstance, event, action, inaction, omission, cause or thing whatsoever, in each instance, arising prior to the Effective Time and related to the Company,
the Company’s assets or the transactions contemplated by this Agreement, other than Claims (if any) related to (i) a breach by any Party of either (A) its respective representations, warranties or covenants contained herein or
(B) the terms of the Operative Documents (as defined in the Settlement Agreement) and/or (ii) any claims by any Party or its Affiliates with respect to matters relating to assets lying outside the AMI Area (as defined in the Settlement
Agreement). 

  

	 	b.	Records. As soon as reasonably practicable (and in no event later than five days following the Closing Date), Seller shall provide to Purchaser electronic copies of the files (including lease files, land files,
wells files, division order files, abstracts, title files, engineering and/or production files), records (including corporate minute books and records and Tax and accounting records), data and maps of Company (collectively, the
“Records”) that are in the possession of Seller or any of its Affiliates and that were not provided to Seller or any of its Affiliates by Purchaser or its Affiliates. No later than 30 days following the Closing Date, Seller shall
provide to Purchaser hard copies of the Records in the possession of Seller or any of its Affiliates and that were not provided to Seller or any of its Affiliates by Purchaser or its Affiliates. 

  
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	 	c.	Rights of Ownership of Membership Interests. From and after the Closing Date, Purchaser shall be entitled to all of the rights of ownership attributable to the Membership Interests (including the right to all
production, proceeds of production and other proceeds) prior to, on or after the Effective Time. If Seller (or any of its Affiliates) receives monies belonging to Company or the Purchaser, including proceeds of production, then such amount shall,
within five Business Days after the end of the month in which such amounts were received, be paid over to the proper party. 

  

	 	d.	Change of Name. As promptly as practicable following the Closing Date, but in any event within 60 days following the Closing Date, Purchaser shall cause Company’s name to be changed to remove any reference
to “BG”. 

 8. Limitation on Liability. In no event shall any Party be liable to the other Parties for punitive, exemplary,
consequential, or special damages (except where such damages constitute part of a claim of a third person which is indemnified pursuant to the provisions of this Agreement). 

9. Investment Intent of Purchaser. Purchaser acknowledges that the Membership Interests have not been, and will not be, registered under the Securities
Act of 1933, as amended, or under any state securities laws, and is being sold in reliance upon federal and state exemptions for transactions not involving any public offering. Purchaser is a sophisticated investor with knowledge and experience in
business and financial matters. 
 10. Post-Closing Obligations. 
  

	 	a.	Taxes Generally. Seller agrees to prepare or make the requisite filings to reflect the Transfer under the Code. Seller will pay the Taxes incurred by it, if any, associated with the Transfer based on the tax
effects as the transferor to the Transfer according to the Code and its corporate guidelines. Purchaser will pay the Taxes incurred by it, if any, associated with the Transfer based on the tax effects as the transferee to the Transfer according to
the Code and its corporate guidelines. 

  

	 	b.	Tax Returns. With respect to Tax Returns required to be filed with by Company, Seller shall prepare or cause to be prepared all such Tax Returns that are required to be filed prior to the Closing Date and shall
pay all Taxes shown to be due on such Tax Returns. Purchaser shall prepare all Tax Returns that are required to be filed with respect to Company on or after the Closing Date and shall pay all Taxes shown to be due on such Tax Returns.

  

	 	c.	Cooperation on Tax Matters. In connection with the preparation of any Company Tax Returns, payment of Taxes related to Company, audit examinations related to Company, and any administrative or
judicial proceedings regarding Tax liabilities that are imposed on Seller or Purchaser and related to Company, Seller and Purchaser shall, and shall cause Company to, cooperate fully with each other, including with respect to the furnishing or
making available during normal 

  
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business hours of records, personnel (as reasonably required), books of account, powers of attorney or other materials necessary or helpful for the preparation of such Company Tax Returns, the
payment of such Taxes, the conduct of such audit examinations or the defense of Claims by Governmental Authorities as to the imposition of such Taxes. 

  

	 	d.	Tax Characterization. The Parties agree that for U.S. federal income tax purposes and for purposes of state income taxes that follow U.S. federal income tax principles, the transactions herein, taken
together with the transactions contemplated by the Settlement Agreement shall be treated in a manner consistent with the principles of Revenue Ruling 99-6, 1999-1 C.B.
432. Accordingly, (i) Seller shall be treated as transferring the its interests in the “EXCO-BG Appalachia Tax Partnership” in satisfaction of the Claims, and (ii) Purchaser shall be
treated as receiving a proportionate share of the assets of the “EXCO-BG Appalachia Tax Partnership.” 

11. Resignation of Officers. Simultaneously with the execution and delivery of this Agreement, Seller shall deliver resignations, effective immediately
following the Closing Date, of all of the officers, directors and managers of Company. 
 12. Miscellaneous. 

 

	 	a.	Effect of Waiver or Consent. Any failure by any Party or Parties to comply with any of its or their obligations, agreements or conditions herein contained may be waived by the Party or Parties to whom such
compliance is owed by an instrument signed by any such Party or Parties and expressly identified as a waiver, but not in any other manner. No waiver of, or consent to a change in, any of the provisions of this Agreement shall be deemed or shall
constitute a waiver of, or consent to a change in, other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver unless otherwise expressly provided in writing. 

 

	 	b.	Amendment. This Agreement may be amended or modified only by an agreement in writing executed by all Parties and expressly identified as an amendment or modification. 

 

	 	c.	Successors and Assigns. Neither this Agreement nor any rights, interest, obligations or other parts hereof shall be assignable by any Party without the prior written consent of the other Parties, which consent
may be denied in such other Party’s sole discretion. Any assignment in violation of this provision shall be void. Except as otherwise provided herein, this Agreement shall bind and inure to the benefit of and be enforceable by the Parties
hereto and their respective successors and assigns. 

  

	 	d.	Governing Law. EXCEPT TO THE EXTENT THE LAWS OF ANOTHER JURISDICTION WILL GOVERN UNDER CONFLICT OF LAWS PRINCIPLES GOVERNING TRANSFERS OF ASSETS LOCATED IN SUCH OTHER JURISDICTION, THIS AGREEMENT AND THE LEGAL
RELATIONS AMONG THE PARTIES SHALL BE GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS. 

  
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	 	e.	Dispute Resolution. The sole and exclusive forum for any disputes arising out of or relating to this Agreement, including, but not limited to, any disputes involving questions of breach, termination, or validity
of this Agreement, shall be finally resolved by arbitration in Houston, Texas. The arbitration shall be conducted in accordance with the International Institute for Conflict Prevention and Resolution Rules for
Non-Administered Arbitration (“CPR”) Rules. The CPR is the appointing authority. The resulting arbitral award shall be final and binding without right of appeal, and judgment upon such award
may be entered in any court having jurisdiction thereof. 

  

	 	f.	Severability. Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions
hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction. 

  

	 	g.	Further Assurances. In the event that at any time any further action is necessary to carry out the purposes of this Agreement, the Parties shall take such further action (including the execution and delivery of
such further documents and instruments) as any Party may reasonably request. 

  

	 	h.	Counterparts; Facsimile. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which shall constitute but one agreement. The Parties agree that any
document or signature delivered by facsimile transmission, by PDF through electronic mail, or other electronic means shall be deemed an original executed document for all purposes hereof. 

 

	 	i.	Press Releases. No Party shall (and each shall cause its Affiliates not to) issue any press release or make any statement to the general public relating to the subject matter of this Agreement unless such Party
has first consulted with the other Parties and obtained the other Parties’ prior written approval of the text thereof; provided, however, that nothing herein shall prevent a Party from publishing such press releases or other statement to
the general public as is necessary to satisfy such Party’s obligations at Law or under the applicable rules of any stock or commodities exchange or any court after consultation with the other Parties and such other Parties’ reasonable
review and comment. 

  

	 	j.	Certain Definitions. The following terms, as used herein, have the meanings set forth below: 

  
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 “Affiliate” or “Affiliate” mean, with respect to any Party, any
corporation, partnership (including a limited partnership), limited liability company, or other legal entity that directly or indirectly controls, is controlled by or is under common control with such Party; where “control” means the
ability to direct the management and policies of a Person through ownership of voting shares or other equity rights, pursuant to a written agreement, or otherwise. The terms “Controls” and “Controlled by” and other derivatives
shall be construed accordingly. 
 “Anti-Bribery and Money-Laundering Laws and Obligations” means (a) the laws
relating to combating bribery and corruption, and/or the principles described in the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, signed in Paris on December 17, 1997, which entered into
force on February 15, 1999, and the Convention’s Commentaries; (b) the laws relating to combating bribery, corruption and money laundering in the countries of the applicable Person’s place of incorporation, principal place of
business, and/or place of registration as an issuer of securities, and/or in the countries of the applicable Person’s ultimate parent company’s place of incorporation, principal place of business, and/or place of registration as an issuer
of securities; (c) the United States Foreign Corrupt Practices Act of 1977; (d) the United Kingdom Bribery Act 2010 (as amended from time to time); and (e) and all other applicable national, regional, provincial, state, municipal or local
laws and regulations that prohibit the bribery of, or the providing of unlawful gratuities, facilitation payments or other benefits to, any Government Official or any other person. 

“Business Day” means any day that is not a Saturday, Sunday or legal holiday in the State of Texas and that is not otherwise
a federal holiday in the United States. 
 “Claims” means any and all claims, demands, loss, liability, liens, judgments,
settlements, suits, causes of action, fines, penalties, compliances, costs, and any costs, expenses and fees associated with the investigation, defense and resolution of the foregoing, including without limitation, reasonable attorney’s fees,
asserted or prosecuted by or on behalf of a third party. Claims may be based on any theory of tort, contract, strict liability, statutory liability (including, without limitation, fines, penalties, obligations or requirements) or any other basis for
liability and shall include, without limitation, any Claims arising, occurring or resulting from, related to or based on the injury, disease, or death of any persons or damage to, loss or destruction of any property, real or personal. 

“Closing Date” has the meaning set forth in that certain Agreement Regarding Settlement by and among Purchaser, certain
Affiliates of Purchaser, Seller and certain Affiliates of Seller. 
 “Code” means the Internal Revenue Code of 1986, as
amended, and the rules and regulations promulgated thereunder. 
 “Contract” means any written or oral contract, agreement,
purchase order, binding bid, commitment or any other legally binding arrangement, but excluding, however, any lease, deed, easement, Permit or other instrument (other than acquisition or similar sales or purchase agreements) creating, assigning or
evidencing an interest in any real property related to or used in connection with the assets of any of Company. 
 “Development
Assets” has the meaning set forth in the JDA. 

  
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 “Employee Benefit Plan” means (a) any “employee benefit plan” (as
such term is defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended, or any similar plan subject to laws of a jurisdiction outside of the United States), (b) any employment, consulting, advisor or other
service agreement or arrangement, (c) any noncompetition, nondisclosure, nonsolicitation, severance, termination, pension, retirement, supplemental retirement, excess benefit, profit sharing, bonus, incentive, deferred compensation, retention,
transaction, change in control and similar plan, program, arrangement, agreement, policy or commitment, (d) any compensatory option, restricted unit, performance unit, appreciation right, deferred unit or other equity or equity-based plan,
program, arrangement, agreement, policy or commitment, and (e) any savings, life, health, disability, accident, medical, dental, vision, cafeteria, insurance, flex spending, adoption/dependent/employee assistance, tuition, vacation, paid-time-off, other welfare fringe benefit and any other employee benefit plan, program or arrangement. 

“Encumbrance” means any liens, pledges, mortgages, deeds of trust, security interests, leases, licenses, charges, Claims,
encroachments, easements or other encumbrances of any kind. 
 “Environmental Law” means any and all Laws in effect as of
the Closing Date pertaining to or regulating pollution, environmental protection, natural resource damages, conservation of resources, wildlife, waste management, or the use, storage, generation, production, treatment, emission, discharge, release,
remediation, removal, disposal, or transport of Hazardous Substances, including: the Comprehensive Environmental Response, Compensation and Liability Act, the Resource Conservation and Recovery Act, the Toxic Substances Control Act, the Federal
Water Pollution Control Act (which includes the Federal Clean Water Act), the Federal Clean Air Act, the Federal Solid Waste Disposal Act (which includes the Resource Conservation and Recovery Act), the Federal Toxic Substances Control Act, the
Federal Insecticide, Fungicide and Rodenticide Act, the Safe Drinking Water Act of 1974, the Emergency Planning and Community Right-to-Know Act of 1986, the Occupational
Safety and Health Act of 1970, the Hazardous Liquid Pipeline Safety Act, the Oil Pollution Act of 1990, and the Pipeline Safety Improvement Act of 2002, and similar state laws, each as amended. 

“Environmental Permits” means all Permits of Governmental Authorities issued pursuant to or required by Environmental Laws
and necessary for or held in connection with the ownership and/or operation of the assets of Company (other than the Development Assets). 

“Facilitation Payments” means payments to a Government Official to facilitate or expedite performance of a routine
governmental action which is an action which is commonly performed by such Government Official. 
 “Government Official”
means (a) any official or employee of any government, or any agency, ministry, department of a government (at any level), person acting in an official capacity for a government regardless of rank or position, official or employee of a company
wholly or partially controlled by a government (for example, a state owned oil company), political party and any official of a political party; and (b) any candidate for political office, any officer or employee of a public international
organization, such as the United Nations or the World Bank, or any immediate family member (meaning a spouse, dependent child or household member) of any of the foregoing. 

  
 12 

 “Governmental Authority” means any federal, state, county, municipal or local
government or any regulatory or administrative agency, department, division, commission, court or arbitral body, or other similar recognized organization or body of any federal, state, tribal, municipal, or local governmental authority or of any
foreign government or other similar recognized organization or body exercising similar powers or authority. 
 “Hazardous
Substances” means any substance, waste, or material that is defined, designated, or listed as a “hazardous substance,” “hazardous waste,” or “toxic substance” under Environmental Laws. 

“Indebtedness” of any Person means, without duplication, (a) the principal of and, accrued and unpaid interest,
prepayment premiums or penalties and fees and expenses in respect of indebtedness of such Person for borrowed money; (b) all obligations (contingent or otherwise) of such Person issued or assumed as the deferred purchase price of property, all
conditional sale obligations of such Person and all obligations of such Person under any title retention agreement (but excluding trade accounts payable incurred in the ordinary and usual course of business of normal
day-to-day operations of the business consistent with past practice); (c) all capitalized lease obligations; (d) all obligations of the type referred to in clauses
(a) through (c) of any Persons the payment of which such Person is responsible or liable, directly or indirectly, as obligor, guarantor, surety or otherwise; and (e) all obligations of the type referred to in clauses (a) through (d)
of other Persons secured by any Encumbrance on any property or asset of such Person (whether or not such obligation is assumed by such Person). 

“Known/Knowledge” whenever a statement regarding the existence (or absence) of any fact in this Agreement is qualified by a
phrase such as “to such Party’s Knowledge”, “Known to such Party,” “has Knowledge” or “had actual Knowledge” or any similar qualification, the Parties intend that the only information to be attributed to
such Party is information actually known to (i) the person in the case of an individual or (ii) in the case of a corporation (or other business entity), the current officer and/or manager who devotes substantial attention to matters of
such nature during the ordinary course of his or her employment after due inquiry to all Person reporting to such officer or manager. Except as provided in the preceding sentence and unless otherwise specifically provided elsewhere in this
Agreement, no Party is represented or obligated to have undertaken a separate investigation in connection with the transaction contemplated in this Agreement to determine the existence (or absence) of any statement or representation qualified by a
phrase such as “to such Party’s Knowledge”, “Known to such Party” or “had actual Knowledge” or similar qualification. 

“Law” means any applicable statute, writ, law, common law, rule, regulation, ordinance, order, or determination of a
Governmental Authority, or any requirement under the common law. 
 “Organizational Documents” means any charter,
certificate of incorporation, articles of association, partnership agreements, limited liability company agreements, bylaws, operating agreements or similar formation or governing documents, instruments or certificates executed, adopted or filed in
connection with the creation, formation or organization of a Person, including any amendments thereto. 

  
 13 

 “Permit” means any permit, license, registration, consent, order, approval,
variance, exemption, waiver, franchise, right or other authorization required by or obtained from any Governmental Authority, including for the use, withdrawal, storage, discharge, treatment, injection or disposal of water. 

“Person” means any individual, firm, corporation, partnership, limited liability company, incorporated or unincorporated
association, joint venture, joint stock company, Governmental Authority or other entity of any kind. 
 “Proceeding” means
any action, arbitration, audit, cause, complaint, charge, hearing, inquiry, investigation, litigation, proceeding, review or suit (whether civil, criminal, administrative, investigative, or informal) commenced, brought, conducted, or heard by or
before any Governmental Authority or arbitrator. 
 “Related Parties” means in relation to a Party: (a) any of its
Affiliates; (b) any person employed by that Party or its Affiliates; (c) any director or other officer of that Party or its Affiliates; and (d) any person or entity acting for or on behalf of that Party or its Affiliates. 

“Tax” and “Taxes” means all taxes, assessments, charges, duties, fees, levies, imposts or other similar
charges imposed by a Governmental Authority, including all income, franchise, profits, capital gains, capital stock, transfer, gross receipts, sales, use, transfer, service, occupation, ad valorem, property, excise, severance, windfall profits,
premium, stamp, license, payroll, employment, social security, unemployment, disability, environmental, alternative minimum, add-on, value-added, withholding and other taxes, assessments, charges, duties,
fees, levies, imposts or other similar charges of any kind, and all estimated taxes, deficiency assessments, additions to tax, penalties and interest, whether disputed or not and including any obligation to indemnify or otherwise assume or succeed
to the foregoing liabilities of any other Person by Law, by Contract or otherwise. 
 “Tax Returns” means any report,
return, election, document, estimated tax filing, declaration or other filing provided to any Governmental Authority including any attachments thereto and amendments thereof. 

[Signature page follows.] 

  
 14 

 IN WITNESS WHEREOF each of the Parties has executed this Agreement to be effective as of the
Effective Time. 
 SELLER: 
 BG US PRODUCTION
COMPANY, LLC 
  

	
	/s/ Michael Larimer
	Name: Michael Larimer
	Title: VP Operations

 COMPANY: 
 BG
PRODUCTION COMPANY (PA), LLC 
  

	
	/s/ Michael Larimer
	Name: Michael Larimer
	Title: VP Operations

  
 [Signature Page to
Membership Interest (BG PA) Transfer Agreement] 

 PURCHASER: 

EXCO PRODUCTION COMPANY (PA), LLC 
  

	
	/s/ Harold L. Hickey
	Name: Harold L. Hickey
	Title: Chief Executive Officer & President

  
 [Signature Page to
Membership Interest (BG PA) Transfer Agreement]EX-10.4

 Exhibit 10.4 

Execution Version 

MEMBERSHIP INTEREST (BG WV) TRANSFER AGREEMENT 

THIS MEMBERSHIP INTEREST (BG WV) TRANSFER AGREEMENT (this “Agreement”) is entered into as of the Closing Date (as defined below), but
is effective for all purposes as of 11:59 p.m. on November 30, 2017 (the “Effective Time”), by and among BG US Production Company, LLC, a Delaware limited liability company (“Seller”), BG Production Company
(WV), LLC, a Delaware limited liability company (“Company”), and EXCO Production Company (WV), LLC, a Delaware limited liability company (the “Purchaser”). Each of Seller, Company and Purchaser may be referred to as
a “Party” or together, as the “Parties.” Capitalized terms not otherwise defined herein, including in Section 12, shall have the meanings attributed to them in the Amended and Restated
Operating Agreement of Company dated June 1, 2010 (as amended, the “Operating Agreement”). 
 RECITALS 

WHEREAS, Seller is the sole member in Company; 

WHEREAS, the business and affairs of Company are governed by the Operating Agreement; 

WHEREAS, Seller owns 100% of the issued and outstanding membership interests in Company (the “Membership Interests”);

 WHEREAS, Purchaser, certain Affiliates of Purchaser, Company, and certain Affiliates of Seller are entering or have entered into
that certain Settlement Agreement and Mutual Release, dated as of the Closing Date (the “Settlement Agreement”); and 

WHEREAS, in accordance with the Settlement Agreement, Seller will sell and Purchaser will purchase all of Seller’s right, title,
and interest in and to all of the Membership Interests upon the terms and subject to the conditions set forth herein in return for the consideration specified herein. 

NOW, THEREFORE, in consideration of the mutual representations, covenants and agreements contained herein and in the Settlement
Agreement and other good and valuable consideration set forth herein and in the Settlement Agreement, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the Parties to this Agreement hereby agree
as follows: 
 1. Transfer and Assignment. Subject to all of the terms of this Agreement, Seller shall transfer the Membership Interests to Purchaser
effective as of the Effective Time. 
 2. Assignment and Assumption; Agreement to be Bound; No Longer Member. For and in consideration of agreed
value, the receipt and sufficiency of which is hereby acknowledged, Seller hereby sells, conveys, assigns, transfers and delivers to Purchaser, free and clear of all Encumbrances, all of its right, title and interest in and to the Membership
Interests, and Purchaser hereby takes and accepts such assignment and transfer, in each case, effective as of the Effective Time (the “Transfer”). PURCHASER HEREBY AGREES TO ASSUME, ACCEPT AND TIMELY PERFORM AND DISCHARGE ANY AND
ALL OF THE DUTIES, 

 
COVENANTS, LIABILITIES AND OTHER OBLIGATIONS OF SELLER UNDER THE OPERATING AGREEMENT, WHETHER ARISING BEFORE OR AFTER THE EFFECTIVE TIME. SELLER AND ITS AFFILIATES SHALL BE RELEASED FROM ALL OF
ITS RESPECTIVE OBLIGATIONS UNDER THE OPERATING AGREEMENT WHETHER ARISING BEFORE OR AFTER THE EFFECTIVE TIME, AND AS A RESULT OF SUCH RELEASE OF SELLER BY PURCHASER AND THE TRANSFER, IT IS UNDERSTOOD AND AGREED THAT AS OF THE EFFECTIVE TIME, SELLER
SHALL NO LONGER BE A MEMBER OF, NOR HAVE ANY INTEREST OR RIGHTS TO PARTICIPATE IN, COMPANY. FOR THE AVOIDANCE OF DOUBT, THE FOREGOING ASSUMPTION AND RELEASE SHALL NOT PRECLUDE PURCHASER FROM HAVING THE RIGHT TO SUE FOR ANY BREACH BY SELLER OF ITS
REPRESENTATIONS, WARRANTIES OR COVENANTS CONTAINED HEREIN. 
 3. Recognition of Transfer by Company. Company hereby consents to and recognizes the
Transfer. Purchaser shall file this Agreement with the records of Company following the Closing Date. 
 4. Representations and Warranties of
Seller and Company. Seller and Company represents and warrants to Purchaser, as of the Effective Time and the Closing Date, that: 
  

	 	a.	Organization. Each of Seller and Company is a limited liability company duly organized, validly existing and in good standing under the Laws of the jurisdiction of its formation. Company is duly licensed,
qualified or otherwise authorized to conduct business and is in good standing under the Laws of each jurisdiction in which it carries on business or owns assets and such qualification is required by Law. 

 

	 	b.	Authority. Each of Seller and Company has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder, and the execution and delivery of this Agreement by each of
Seller and Company, and the performance of all obligations hereunder, have been duly authorized by all necessary action. Company has all requisite power and authority to own and operate its property and to carry on its business as presently
conducted by it. 

  

	 	c.	Enforceability. This Agreement has been duly and validly executed and delivered by each of Seller and Company and, assuming due execution and delivery of this Agreement by the other Parties, constitutes the
binding obligation of each of Seller and Company enforceable against Seller and Company in accordance with its terms. 

  

	 	d.	 No Conflict. The execution, delivery, and performance of this Agreement by each of Seller and Company will
not, with or without the giving of notice or the lapse of time, or both, (i) violate any provision of law to which Seller, Company or any of their Affiliates is subject, (ii) violate any arbitration or mediation protocol, order, judgment,
or decree applicable to Seller or Company or any of their Affiliates is subject, (iii) conflict with, result in a breach or default under, or accelerate or permit the acceleration of the performance required by any term or

  
 2 

	 	
condition of the applicable Organizational Documents of Seller or Company or any of their Affiliates or any material Contract to which Seller or Company or any of their Affiliates is subject, a
party to or bound by, or (iv) result in the creation or imposition of any Encumbrance upon any property of Company or the Membership Interests. Except as provided in the Operating Agreement, no consent, approval, authorization or order of any
court or Governmental Authority or of any third party is required in connection with the execution, delivery and performance by Seller or Company of this Agreement. 

 

	 	e.	Brokers’ Fees. Neither of Seller nor Company nor any of their Affiliates has employed or retained any broker, agent or finder in connection with this Agreement or the transactions contemplated herein, or
paid or agreed to pay any brokerage fee, finder’s fee, commission or similar payment to any person on account of this Agreement or the transactions provided for herein, which fee, commission or payment will constitute an obligation payable by
Purchaser or any other Party; and Seller shall indemnify and hold harmless Purchaser from any costs, including attorneys’ fees, and liability arising from the claim of any broker, agent or finder employed or retained by Seller in connection
with this Agreement. 

  

	 	f.	Operating Agreement. Prior to the date hereof, Seller has provided to Purchaser true, correct and complete copies of the Organizational Documents of Company, including the Operating Agreement, together with all
amendments thereto. 

  

	 	g.	Title to Membership Interests. Seller owns beneficially and of record all of the issued and outstanding membership interests in Company. The Membership Interests constitute all of the issued and outstanding
equity interests in Company that are owned by Seller or any of its Affiliates. The Membership Interests (i) are duly authorized, validly issued, fully paid and nonassessable; (ii) are free and clear of all Encumbrances (other than
restrictions imposed on transfer under applicable federal and/or state securities Laws or regulations); (iii) are not subject to any agreements or understandings among any Persons with respect to the voting or transfer thereof; and (iv) other
than this Agreement, are not subject to any outstanding subscriptions, options, convertible securities, warrants, calls or other securities granting rights to purchase or otherwise acquire any of such Membership Interests or any commitments or
agreements of any character obligating Seller to transfer, redeem or exchange any of such Membership Interests or the beneficial interest thereto. Company does not have, or has never had, any subsidiaries or direct or indirect equity interest in any
Person. Company has not made any distribution to any member from an after January 1, 2017. 

  

	 	h.	Anti-Bribery. In relation to the transactions the subject of this Agreement, neither Seller, Company nor any of their Related Parties has made, offered or authorized or will make, offer or authorize any payment,
gift, promise or other advantage, whether directly or through any other person or entity, to or for the use or benefit of any Government Official or any entity or other person where such payment, gift, promise or other advantage would
(i) comprise a Facilitation Payment; or (ii) violate the Anti-Bribery and Money-Laundering Laws and Obligations or any other applicable Law. 

  
 3 

	 	i.	Litigation. There are no Proceedings pending, threatened in writing, or, to Seller’s Knowledge, threatened orally by any Person against Seller or its Affiliates with respect to (i) the Membership
Interests, and/or (ii) other than any Proceedings to which Purchaser or its Affiliates is a party thereto, Company or the assets held by Company. 

  

	 	j.	Contracts. To Seller’s Knowledge, Company is not a party to any Contract other than Contracts to which Purchaser or one of its Affiliates is a party thereto or has Knowledge thereof. Company is, and to
Seller’s Knowledge, each counterparty thereto (other than Purchaser or its Affiliates) is, in material compliance with, and not in default in any material respect under, any Contract to which Company is a party. 

 

	 	k.	Taxes. (i) All Tax Returns required to be filed by Company have been timely filed and all such Tax Returns are true, correct and complete in all material respects; (ii) all Taxes due and payable by
Company have been paid whether or not shown as due on such Tax Returns; (iii) there are no Encumbrances on any of the assets held by Company that arose in connection with the failure to pay any Tax by Company; (iv) there are no
Proceedings, Claims or notices of deficiency pending against or threatened in writing against Company in connection with any unpaid Tax; (v) no Tax Returns of Company are under audit or examination by any Governmental Authority; (vi) there
are no agreements or waivers currently in effect that provide for an extension of time with respect to the filing of any Tax Return by Company or the assessment or collection of any Tax from Company; (vii) no written claim has been made by any
Governmental Authority in a jurisdiction where Company did not file a Tax Return or pay a Tax directly that it is or may be required to file such a Tax Return or pay such a Tax (as the case may be) in that jurisdiction; and (viii) other than
the “EXCO-BG Appalachia Tax Partnership,” none of the assets of Company is subject to any tax partnership agreement or provisions requiring a partnership income tax return to be filed under
Subchapter K of Chapter 1 of Subtitle A of the Code or any similar state statute. 

  

	 	l.	Compliance with Laws. To Seller’s and Company’s Knowledge, Company is not, and during the past three years has not been, in material violation of any applicable Laws. 

 

	 	m.	Indebtedness. Company does not have any Indebtedness from or to any other Person, and/or has not made any guarantees for the benefit of any Person.  

 

	 	n.	Bank Accounts; Powers of Attorney. There are no bank accounts or investment accounts maintained by Company as of the Closing Date and there are no valid powers of attorney issued by Company that remain in effect
following the Closing Date, other than powers of attorney for which Purchaser has consented in writing to remain outstanding. 

  
 4 

	 	o.	Scope of Activities. Company (i) does not own any property or assets other than property and assets that are subject to that certain Joint Development Agreement, dated as of June 1, 2010, by and among
Company, certain Affiliates of Seller, Purchaser and certain Affiliates of Purchaser (as amended from time to time, including pursuant to that certain Amendment to the Joint Development Agreement (Appalachia), dated October 14, 2014) or
(ii) has not conducted any business other than the business of owning and operating its assets that are subject thereto. 

  

	 	p.	Employees; Employee Benefits. Company does not currently have, and has never had, any employees, consultants or other individual service providers, and Company has not extended any offer of employment or service
to any employee or other individual service provider that is outstanding as of the Closing Date. Company does not maintain or administer, or has never maintained or administered, or does not have any liability or obligation (whether contingent or
otherwise) under, any Employee Benefit Plan, and Company does not have any commitment to create or adopt any Employee Benefit Plan. 

 5.
Representations and Warranties of Purchaser. Purchaser represents and warrants to Seller, as of the Effective Time and the Closing Date, that: 
  

	 	a.	Organization. Purchaser is a limited liability company duly formed, validly existing and in good standing under the Laws of the jurisdiction of its formation. Purchaser is duly licensed, qualified or otherwise
authorized to conduct business and is in good standing under the Laws of each jurisdiction in which it carries on business or owns assets and such qualification is required by Law. 

 

	 	b.	Authority. Purchaser has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder, and the execution and delivery of this Agreement by Purchaser, and the performance
of all obligations hereunder, have been duly authorized by all necessary action. Purchaser has all requisite power and authority to own and operate its property and to carry on its business as presently conducted by it. 

 

	 	c.	Enforceability. This Agreement has been duly and validly executed and delivered by Purchaser and, assuming due execution and delivery of this Agreement by the other Parties, constitutes the binding obligation of
Purchaser enforceable against Purchaser in accordance with its terms. 

  

	 	d.	 No Conflict. The execution, delivery, and performance by Purchaser of this Agreement will not, with or
without the giving of notice or the lapse of time, or both, (i) violate any provision of law to which Purchaser or its Affiliates is subject, (ii) violate any arbitration or mediation protocol, order, judgment, or decree applicable to
Purchaser or its Affiliates, or (iii) conflict with, result in a 

  
 5 

	 	
breach or default under, or accelerate or permit the acceleration of the performance required by any term or condition of its Organizational Documents or any material Contract to which Purchaser
or its Affiliates is subject, a party to or bound by. No consent, approval, authorization or order of any court or Governmental Authority or of any third party is required in connection with the execution, delivery and performance by Purchaser of
this Agreement. 

  

	 	e.	Brokers’ Fees. Neither Purchaser nor any of its Affiliates has employed or retained any broker, agent or finder in connection with this Agreement or the transactions contemplated herein, or paid or agreed to
pay any brokerage fee, finder’s fee, commission or similar payment to any person on account of this Agreement or the transactions provided for herein, which fee, commission or payment will constitute an obligation payable by Seller; and
Purchaser shall indemnify and hold harmless Seller from any costs, including attorneys’ fees, and liability arising from the claim of any broker, agent or finder employed or retained by Purchaser in connection with this Agreement.

  

	 	f.	Anti-Bribery. In relation to the transactions the subject of this Agreement, neither the Purchaser nor any of its Related Parties has made, offered or authorized or will make, offer or authorize any payment,
gift, promise or other advantage, whether directly or through any other person or entity, to or for the use or benefit of any Government Official or any entity or other person where such payment, gift, promise or other advantage would
(i) comprise a Facilitation Payment; or (ii) violate the Anti-Bribery and Money-Laundering Laws and Obligations or any other applicable Law. 

6. Disclaimer. 
  

	 	a.	Except as and to the limited extent expressly set forth in this Agreement, (i) each of Seller, Purchaser and Company make no representations or warranties, express or implied, and (ii) each of Seller,
Purchaser and Company expressly disclaim all liability and responsibility for any representation, warranty, statement or information made or communicated (orally or in writing) to the other Parties. 

 

	 	b.	WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, EXCEPT AS EXPRESSLY REPRESENTED OTHERWISE IN THIS AGREEMENT, SELLER MAKES NO AND EXPRESSLY DISCLAIMS ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO
(I) TITLE TO THE MEMBERSHIP INTERESTS, OR (II) ANY ESTIMATES OF THE VALUE OF THE MEMBERSHIP INTERESTS OR FUTURE REVENUES GENERATED BY THE MEMBERSHIP INTERESTS, IT BEING EXPRESSLY UNDERSTOOD AND AGREED BY THE PARTIES HERETO THAT PURCHASER
SHALL BE DEEMED TO BE OBTAINING THE MEMBERSHIP INTERESTS IN THEIR PRESENT CONDITION, “AS IS” AND “WHERE IS” WITH ALL FAULTS AND DEFECTS. FOR THE AVOIDANCE OF DOUBT, THE FOREGOING DISCLAIMER SHALL NOT PRECLUDE PURCHASER FROM
HAVING THE RIGHT TO SUE FOR ANY BREACH BY SELLER OF ITS REPRESENTATIONS, WARRANTIES OR COVENANTS CONTAINED HEREIN. 

  
 6 

 7. Covenants. 
  

	 	a.	Releases. Effective as of the Effective Time, each Party, on behalf of itself and its Affiliates, hereby unconditionally and irrevocably and forever releases and discharges the other Parties and their respective
Affiliates, and their respective successors and assigns, and any present or former directors, managers, officers, employees or agents of such Party (each, a “Released Party”), of and from, and hereby unconditionally and irrevocably
waives, any and all Claims, debts and liabilities of any kind or character whatsoever, known or unknown, suspected or unsuspected, in contract, direct or indirect, at Law or in equity that such Party (or any of its Affiliates) ever had, now has or
ever may have or claim to have against any Released Party, for or by reason of any matter, circumstance, event, action, inaction, omission, cause or thing whatsoever, in each instance, arising prior to the Effective Time and related to the Company,
the Company’s assets or the transactions contemplated by this Agreement, other than Claims (if any) related to (i) a breach by any Party of either (A) its respective representations, warranties or covenants contained herein or
(B) the terms of the Operative Documents (as defined in the Settlement Agreement) and/or (ii) any claims by any Party or its Affiliates with respect to matters relating to assets lying outside the AMI Area (as defined in the Settlement
Agreement). 

  

	 	b.	Records. As soon as reasonably practicable (and in no event later than five days following the Closing Date), Seller shall provide to Purchaser electronic copies of the files (including lease files, land files,
wells files, division order files, abstracts, title files, engineering and/or production files), records (including corporate minute books and records and Tax and accounting records), data and maps of Company (collectively, the
“Records”) that are in the possession of Seller or any of its Affiliates and that were not provided to Seller or any of its Affiliates by Purchaser or its Affiliates. No later than 30 days following the Closing Date, Seller shall
provide to Purchaser hard copies of the Records in the possession of Seller or any of its Affiliates and that were not provided to Seller or any of its Affiliates by Purchaser or its Affiliates. 

 

	 	c.	Rights of Ownership of Membership Interests. From and after the Closing Date, Purchaser shall be entitled to all of the rights of ownership attributable to the Membership Interests (including the right to all
production, proceeds of production and other proceeds) prior to, on or after the Effective Time. If Seller (or any of its Affiliates) receives monies belonging to Company or the Purchaser, including proceeds of production, then such amount shall,
within five Business Days after the end of the month in which such amounts were received, be paid over to the proper party. 

  
 7 

	 	d.	Change of Name. As promptly as practicable following the Closing Date, but in any event within 60 days following the Closing Date, Purchaser shall cause Company’s name to be changed to remove any reference
to “BG”. 

 8. Limitation on Liability. In no event shall any Party be liable to the other Parties for punitive, exemplary,
consequential, or special damages (except where such damages constitute part of a claim of a third person which is indemnified pursuant to the provisions of this Agreement). 

9. Investment Intent of Purchaser. Purchaser acknowledges that the Membership Interests have not been, and will not be, registered under the Securities
Act of 1933, as amended, or under any state securities laws, and is being sold in reliance upon federal and state exemptions for transactions not involving any public offering. Purchaser is a sophisticated investor with knowledge and experience in
business and financial matters. 
 10. Post-Closing Obligations. 
  

	 	a.	Taxes Generally. Seller agrees to prepare or make the requisite filings to reflect the Transfer under the Code. Seller will pay the Taxes incurred by it, if any, associated with the Transfer based on the tax
effects as the transferor to the Transfer according to the Code and its corporate guidelines. Purchaser will pay the Taxes incurred by it, if any, associated with the Transfer based on the tax effects as the transferee to the Transfer according to
the Code and its corporate guidelines. 

  

	 	b.	Tax Returns. With respect to Tax Returns required to be filed with by Company, Seller shall prepare or cause to be prepared all such Tax Returns that are required to be filed prior to the Closing Date and shall
pay all Taxes shown to be due on such Tax Returns. Purchaser shall prepare all Tax Returns that are required to be filed with respect to Company on or after the Closing Date and shall pay all Taxes shown to be due on such Tax Returns.

  

	 	c.	Cooperation on Tax Matters. In connection with the preparation of any Company Tax Returns, payment of Taxes related to Company, audit examinations related to Company, and any administrative or
judicial proceedings regarding Tax liabilities that are imposed on Seller or Purchaser and related to Company, Seller and Purchaser shall, and shall cause Company to, cooperate fully with each other, including with respect to the furnishing or
making available during normal business hours of records, personnel (as reasonably required), books of account, powers of attorney or other materials necessary or helpful for the preparation of such Company Tax Returns, the payment of such Taxes,
the conduct of such audit examinations or the defense of Claims by Governmental Authorities as to the imposition of such Taxes. 

  

	 	d.	Tax Characterization. The Parties agree that for U.S. federal income tax purposes and for purposes of state income taxes that follow U.S. federal income tax principles, the transactions herein, taken
together with the transactions 

  
 8 

	 	
contemplated by the Settlement Agreement shall be treated in a manner consistent with the principles of Revenue Ruling 99-6,
1999-1 C.B. 432. Accordingly, (i) Seller shall be treated as transferring the its interests in the “EXCO-BG Appalachia Tax Partnership” in satisfaction of
the Claims, and (ii) Purchaser shall be treated as receiving a proportionate share of the assets of the “EXCO-BG Appalachia Tax Partnership.” 

11. Resignation of Officers. Simultaneously with the execution and delivery of this Agreement, Seller shall deliver resignations, effective immediately
following the Closing Date, of all of the officers, directors and managers of Company. 
 12. Miscellaneous. 

 

	 	a.	Effect of Waiver or Consent. Any failure by any Party or Parties to comply with any of its or their obligations, agreements or conditions herein contained may be waived by the Party or Parties to whom such
compliance is owed by an instrument signed by any such Party or Parties and expressly identified as a waiver, but not in any other manner. No waiver of, or consent to a change in, any of the provisions of this Agreement shall be deemed or shall
constitute a waiver of, or consent to a change in, other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver unless otherwise expressly provided in writing. 

 

	 	b.	Amendment. This Agreement may be amended or modified only by an agreement in writing executed by all Parties and expressly identified as an amendment or modification. 

 

	 	c.	Successors and Assigns. Neither this Agreement nor any rights, interest, obligations or other parts hereof shall be assignable by any Party without the prior written consent of the other Parties, which consent
may be denied in such other Party’s sole discretion. Any assignment in violation of this provision shall be void. Except as otherwise provided herein, this Agreement shall bind and inure to the benefit of and be enforceable by the Parties
hereto and their respective successors and assigns. 

  

	 	d.	Governing Law. EXCEPT TO THE EXTENT THE LAWS OF ANOTHER JURISDICTION WILL GOVERN UNDER CONFLICT OF LAWS PRINCIPLES GOVERNING TRANSFERS OF ASSETS LOCATED IN SUCH OTHER JURISDICTION, THIS AGREEMENT AND THE
LEGAL RELATIONS AMONG THE PARTIES SHALL BE GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS. 

  

	 	e.	 Dispute Resolution. The sole and exclusive forum for any disputes arising out of or relating to this
Agreement, including, but not limited to, any disputes involving questions of breach, termination, or validity of this Agreement, shall be finally resolved by arbitration in Houston, Texas. The arbitration shall be conducted in

  
 9 

	 	
accordance with the International Institute for Conflict Prevention and Resolution Rules for Non-Administered Arbitration (“CPR”) Rules.
The CPR is the appointing authority. The resulting arbitral award shall be final and binding without right of appeal, and judgment upon such award may be entered in any court having jurisdiction thereof. 

 

	 	f.	Severability. Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions
hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction. 

  

	 	g.	Further Assurances. In the event that at any time any further action is necessary to carry out the purposes of this Agreement, the Parties shall take such further action (including the execution and delivery of
such further documents and instruments) as any Party may reasonably request. 

  

	 	h.	Counterparts; Facsimile. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which shall constitute but one agreement. The Parties agree that any
document or signature delivered by facsimile transmission, by PDF through electronic mail, or other electronic means shall be deemed an original executed document for all purposes hereof. 

 

	 	i.	Press Releases. No Party shall (and each shall cause its Affiliates not to) issue any press release or make any statement to the general public relating to the subject matter of this Agreement unless such Party
has first consulted with the other Parties and obtained the other Parties’ prior written approval of the text thereof; provided, however, that nothing herein shall prevent a Party from publishing such press releases or other statement to
the general public as is necessary to satisfy such Party’s obligations at Law or under the applicable rules of any stock or commodities exchange or any court after consultation with the other Parties and such other Parties’ reasonable
review and comment. 

  

	 	j.	Certain Definitions. The following terms, as used herein, have the meanings set forth below: 

“Affiliate” or “Affiliates” mean, with respect to any Party, any corporation, partnership (including a
limited partnership), limited liability company, or other legal entity that directly or indirectly controls, is controlled by or is under common control with such Party; where “control” means the ability to direct the management and
policies of a Person through ownership of voting shares or other equity rights, pursuant to a written agreement, or otherwise. The terms “Controls” and “Controlled by” and other derivatives shall be construed accordingly. 

“Anti-Bribery and Money-Laundering Laws and Obligations” means (a) the laws relating to combating bribery and
corruption, and/or the principles described in the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, signed in 

  
 10 

 
Paris on December 17, 1997, which entered into force on February 15, 1999, and the Convention’s Commentaries; (b) the laws relating to combating bribery, corruption and money
laundering in the countries of the applicable Person’s place of incorporation, principal place of business, and/or place of registration as an issuer of securities, and/or in the countries of the applicable Person’s ultimate parent
company’s place of incorporation, principal place of business, and/or place of registration as an issuer of securities; (c) the United States Foreign Corrupt Practices Act of 1977; (d) the United Kingdom Bribery Act 2010 (as amended from
time to time); and (e) and all other applicable national, regional, provincial, state, municipal or local laws and regulations that prohibit the bribery of, or the providing of unlawful gratuities, facilitation payments or other benefits to,
any Government Official or any other person. 
 “Business Day” means any day that is not a Saturday, Sunday or legal
holiday in the State of Texas and that is not otherwise a federal holiday in the United States. 
 “Claims” means any and
all claims, demands, loss, liability, liens, judgments, settlements, suits, causes of action, fines, penalties, compliances, costs, and any costs, expenses and fees associated with the investigation, defense and resolution of the foregoing,
including without limitation, reasonable attorney’s fees, asserted or prosecuted by or on behalf of a third party. Claims may be based on any theory of tort, contract, strict liability, statutory liability (including, without limitation, fines,
penalties, obligations or requirements) or any other basis for liability and shall include, without limitation, any Claims arising, occurring or resulting from, related to or based on the injury, disease, or death of any persons or damage to, loss
or destruction of any property, real or personal. 
 “Closing Date” has the meaning set forth in that certain Agreement
Regarding Settlement by and among Purchaser, certain Affiliates of Purchaser, Seller and certain Affiliates of Seller. 

“Code” means the Internal Revenue Code of 1986, as amended, and the rules and regulations promulgated thereunder. 

“Contract” means any written or oral contract, agreement, purchase order, binding bid, commitment or any other legally
binding arrangement, but excluding, however, any lease, deed, easement, Permit or other instrument (other than acquisition or similar sales or purchase agreements) creating, assigning or evidencing an interest in any real property related to or used
in connection with the assets of any of Company. 
 “Employee Benefit Plan” means (a) any “employee benefit
plan” (as such term is defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended, or any similar plan subject to laws of a jurisdiction outside of the United States), (b) any employment, consulting, advisor
or other service agreement or arrangement, (c) any noncompetition, nondisclosure, nonsolicitation, severance, termination, pension, retirement, supplemental retirement, excess benefit, profit sharing, bonus, incentive, deferred compensation,
retention, transaction, change in control and similar plan, program, arrangement, agreement, policy or commitment, (d) any compensatory option, restricted unit, performance unit, appreciation right, deferred unit or other equity or equity-based
plan, program, arrangement, agreement, policy or commitment, and (e) any savings, life, health, disability, accident, medical, dental, vision, cafeteria, insurance, flex spending, adoption/dependent/employee assistance, tuition, vacation, paid-time-off, other welfare fringe benefit and any other employee benefit plan, program or arrangement. 

  
 11 

 “Encumbrance” means any liens, pledges, mortgages, deeds of trust, security
interests, leases, licenses, charges, Claims, encroachments, easements or other encumbrances of any kind. 
 “Facilitation
Payments” means payments to a Government Official to facilitate or expedite performance of a routine governmental action which is an action which is commonly performed by such Government Official. 

“Government Official” means (a) any official or employee of any government, or any agency, ministry, department of a
government (at any level), person acting in an official capacity for a government regardless of rank or position, official or employee of a company wholly or partially controlled by a government (for example, a state owned oil company), political
party and any official of a political party; and (b) any candidate for political office, any officer or employee of a public international organization, such as the United Nations or the World Bank, or any immediate family member (meaning a
spouse, dependent child or household member) of any of the foregoing. 
 “Governmental Authority” means any federal, state,
county, municipal or local government or any regulatory or administrative agency, department, division, commission, court or arbitral body, or other similar recognized organization or body of any federal, state, tribal, municipal, or local
governmental authority or of any foreign government or other similar recognized organization or body exercising similar powers or authority. 

“Indebtedness” of any Person means, without duplication, (a) the principal of and, accrued and unpaid interest,
prepayment premiums or penalties and fees and expenses in respect of indebtedness of such Person for borrowed money; (b) all obligations (contingent or otherwise) of such Person issued or assumed as the deferred purchase price of property, all
conditional sale obligations of such Person and all obligations of such Person under any title retention agreement (but excluding trade accounts payable incurred in the ordinary and usual course of business of normal
day-to-day operations of the business consistent with past practice); (c) all capitalized lease obligations; (d) all obligations of the type referred to in clauses
(a) through (c) of any Persons the payment of which such Person is responsible or liable, directly or indirectly, as obligor, guarantor, surety or otherwise; and (e) all obligations of the type referred to in clauses (a) through (d)
of other Persons secured by any Encumbrance on any property or asset of such Person (whether or not such obligation is assumed by such Person). 

“Known/Knowledge” whenever a statement regarding the existence (or absence) of any fact in this Agreement is qualified by a
phrase such as “to such Party’s Knowledge”, “Known to such Party,” “has Knowledge” or “had actual Knowledge” or any similar qualification, the Parties intend that the only information to be attributed to
such Party is information actually known to (i) the person in the case of an individual or (ii) in the case of a corporation (or other business entity), the current officer and/or manager who devotes substantial attention to matters of
such nature during the ordinary course of his or her employment after due inquiry to all Person reporting to such officer or manager. Except as provided in the preceding sentence and unless otherwise specifically provided elsewhere in this
Agreement, no Party is represented or 

  
 12 

 
obligated to have undertaken a separate investigation in connection with the transaction contemplated in this Agreement to determine the existence (or absence) of any statement or representation
qualified by a phrase such as “to such Party’s Knowledge”, “Known to such Party” or “had actual Knowledge” or similar qualification. 

“Law” means any applicable statute, writ, law, common law, rule, regulation, ordinance, order, or determination of a
Governmental Authority, or any requirement under the common law. 
 “Organizational Documents” means any charter,
certificate of incorporation, articles of association, partnership agreements, limited liability company agreements, bylaws, operating agreements or similar formation or governing documents, instruments or certificates executed, adopted or filed in
connection with the creation, formation or organization of a Person, including any amendments thereto. 
 “Permit” means
any permit, license, registration, consent, order, approval, variance, exemption, waiver, franchise, right or other authorization required by or obtained from any Governmental Authority, including for the use, withdrawal, storage, discharge,
treatment, injection or disposal of water. 
 “Person” means any individual, firm, corporation, partnership, limited
liability company, incorporated or unincorporated association, joint venture, joint stock company, Governmental Authority or other entity of any kind. 

“Proceeding” means any action, arbitration, audit, cause, complaint, charge, hearing, inquiry, investigation, litigation,
proceeding, review or suit (whether civil, criminal, administrative, investigative, or informal) commenced, brought, conducted, or heard by or before any Governmental Authority or arbitrator. 

“Related Parties” means in relation to a Party: (a) any of its Affiliates; (b) any person employed by that Party or
its Affiliates; (c) any director or other officer of that Party or its Affiliates; and (d) any person or entity acting for or on behalf of that Party or its Affiliates. 

“Tax” and “Taxes” means all taxes, assessments, charges, duties, fees, levies, imposts or other similar
charges imposed by a Governmental Authority, including all income, franchise, profits, capital gains, capital stock, transfer, gross receipts, sales, use, transfer, service, occupation, ad valorem, property, excise, severance, windfall profits,
premium, stamp, license, payroll, employment, social security, unemployment, disability, environmental, alternative minimum, add-on, value-added, withholding and other taxes, assessments, charges, duties,
fees, levies, imposts or other similar charges of any kind, and all estimated taxes, deficiency assessments, additions to tax, penalties and interest, whether disputed or not and including any obligation to indemnify or otherwise assume or succeed
to the foregoing liabilities of any other Person by Law, by Contract or otherwise. 
 “Tax Returns” means any report,
return, election, document, estimated tax filing, declaration or other filing provided to any Governmental Authority including any attachments thereto and amendments thereof. 

[Signature page follows.] 

  
 13 

 IN WITNESS WHEREOF each of the Parties has executed this Agreement to be effective as of the
Effective Time. 
 SELLER: 
 BG US PRODUCTION
COMPANY, LLC 
  

	
	/s/ Michael Larimer
	Name: Michael Larimer
	Title: VP Operations

 COMPANY: 
 BG
PRODUCTION COMPANY (WV), LLC 
  

	
	/s/ Michael Larimer
	Name: Michael Larimer
	Title: VP Operations

 [Signature Page to Membership Interest (BG WV) Transfer Agreement] 

 PURCHASER: 

EXCO PRODUCTION COMPANY (WV), LLC 
  

			
	/s/ Harold L. Hickey
	Name:	 	Harold L. Hickey
	Title:	 	Chief Executive Officer & President

 [Signature Page to Membership Interest (BG WV) Transfer Agreement]

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