Document:

Exhibit 10.5

 

SERVICES AGREEMENT

 

BY AND AMONG

 

ENERVEST,
LTD.,

 

ENERVEST OPERATING, L.L.C.,

 

AND

 

HARVEST OIL & GAS CORP.

 

JUNE 4, 2018

 

     

     

    

 

TABLE OF CONTENTS

 

	 	 	Page
	 	 	 
	ARTICLE I. DEFINITIONS	1
	1.1	Definitions	1
	 	 	 
	ARTICLE II. POWER AND AUTHORITY; SERVICES	1
	2.1	Service Provider Power and Authority; Services	1
	2.2	Emergency	3
	2.3	Limitations on Service Provider’s Authority	3
	2.4	Service Provider’s Delegation of Authority	3
	2.5	Key Persons	4
	2.6	Other Business Pursuits	4
	2.7	Operatorship; Certain Conditions of Service	4
	2.8	Insurance	5
	2.9	Performance Standard	5
	2.10	Meetings	6
	2.11	Actions by Owner Group	6
	2.12	Owner’s Delegation of Authority	6
	 	 	 
	ARTICLE III. PAYMENTS	6
	3.1	Services Fee	6
	3.2	Redetermination of Services Fee	7
	3.3	Material Acquisitions or Divestitures	7
	3.4	Payment Terms	8
	3.5	Owner Group Financial Responsibility	8
	3.6	Maintenance of Accounts and Records	9
	3.7	Taxes	9
	3.8	Service Provider Records; Audit	10
	3.9	Disputed Charges	10
	 	 	 
	ARTICLE IV. TERM; TERMINATION	11
	4.1	Term	11
	4.2	Termination	11
	4.3	Effect of Termination	12
	4.4	Transition Services Period	12
	 	 	 
	ARTICLE V. MARKETING OF PRODUCTION	12
	5.1	Marketing Services	12
	 	 	 
	ARTICLE VI. FORCE MAJEURE	13
	6.1	Excused Performance	13
	6.2	No Preclusion	13
	6.3	Limitations on Effect of Force Majeure	13

 

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	ARTICLE VII. INDEMNITIES	14
	 	 	 
	7.1	Service Provider Indemnity	14
	7.2	Owner Indemnity	14
	7.3	DISCLAIMERS	14
	7.4	Disclaimer of Application of Anti-Indemnity Statutes	15
	 	 	 
	ARTICLE VIII. NON-SOLICITATION	15
	8.1	Non-Solicitation	15
	 	 	 
	ARTICLE IX. REPRESENTATIONS AND WARRANTIES; OTHER COVENANTS AND RESPONSIBILITIES	15
	9.1	Representations and Warranties	15
	9.2	Additional Owner Group Representations	16
	9.3	Service Provider Responsibilities	16
	 	 	 
	ARTICLE X. MISCELLANEOUS	16
	10.1	Counterparts	16
	10.2	Notices	17
	10.3	Governing Law; Venue	18
	10.4	Non-Compensatory Damages	19
	10.5	Waiver; Rights Cumulative	19
	10.6	Entire Agreement	20
	10.7	Amendment	20
	10.8	Parties in Interest	20
	10.9	Assignment	20
	10.10	Further Assurances	20
	10.11	Preparation of Agreement	20
	10.12	Severability	21
	10.13	No Recourse	21
	10.14	Interpretation	21
	10.15	Confidentiality	21
	10.16	Publicity	23
	10.17	Performance Dispute Resolution	23

 

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SERVICES AGREEMENT

 

This SERVICES AGREEMENT
(this “Agreement”) is executed and agreed to as of June 4,
2018 (the “Effective Date”), by and among EnerVest, Ltd., a Texas limited partnership (“EnerVest
Management”), EnerVest Operating, L.L.C., a Delaware limited liability company (“EVOC”
and together with EnerVest Management, “Service Provider”), and Harvest Oil & Gas Corp., a Delaware
corporation (“Owner”). Service Provider and Owner are hereinafter each referred to as a “Party”
and are collectively referred to as the “Parties”.

 

RECITALS

 

WHEREAS, pursuant to this
Agreement, Owner desires to have Service Provider perform, and Service Provider agrees to perform, the Services (hereinafter defined)
pursuant to and in accordance with the terms of this Agreement.

 

NOW THEREFORE, in consideration
of the premises and the mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:

 

ARTICLE I.

DEFINITIONS

 

1.1           Definitions.
As used in this Agreement, capitalized terms shall have the meanings set forth on Annex A attached hereto.

 

ARTICLE II.

POWER AND AUTHORITY; SERVICES

 

2.1           Service
Provider Power and Authority; Services.

 

(a)          Subject
to the direction and control of the Owner Group, the terms and provisions of this Agreement,
and the Development Plan and Budget, and subject to the limitations set forth in Section 2.3, Service Provider shall provide
the Owner Group with services substantially identical in scope, nature and quality to the services historically provided by Service
Provider under the Omnibus Agreement, including certain accounting, financial, managerial, project management, business development,
marketing, operational, land, lease maintenance, regulatory, environmental, geological and geophysical, engineering, tax, information
technology and other day-to-day services reasonably necessary to operate the business of the Owner Group, including the services
more particularly described on Exhibit A attached hereto, but in each case excluding the Excluded Services (the “Services”).
The Service Provider shall perform the Services in consideration for the Services Fee at the Service Provider’s cost; provided,
however, that Service Provider will not be responsible for Owner Group Costs, and, notwithstanding anything to the contrary, nothing
shall require Service Provider to advance its own funds for Owner Group Costs.

 

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(b)          As
part of the Services, Service Provider will use its commercially reasonable efforts to propose, conduct and complete all operations
and activities contemplated by the Development Plan and Budget at the times contemplated by the Development Plan and Budget. Service
Provider shall promptly notify the Owner Group in writing if at any time Service Provider reasonably expects to exceed the aggregate
amount set forth in the Development Plan and Budget for any category of expenses. Notwithstanding anything in this Agreement to
the contrary (other than Section 2.2), in no event shall Service Provider incur any costs or expenses for the account of
Owner or reimbursable by Owner in an amount greater than 10% in excess of the aggregate amount set forth in the Development Plan
and Budget for any category of expenses without the prior written consent of Owner.

 

(c)          Owner
shall have the right from time to time to elect to cease having Service Provider provide any of the Services and to provide such
Services itself or by another service provider, and upon request from Owner, Service Provider will reasonably cooperate with Owner
in the transition of such Services to the Owner Group or a new service provider specified by Owner. For the avoidance of doubt
any such election shall not result in a reduction of the Services Fee.

 

(d)          If
at any time Service Provider fails or is unable to perform any of the Services, Service Provider shall immediately notify Owner
in writing of those Services that Service Provider has failed or is unable to perform. Owner may also notify Service Provider in
writing if Owner determines that Service Provider has failed or is unable to perform any of the Services. In either case, if Service
Provider does not cure such failure or inability (which cure may include obtaining reasonable replacement services therefor) within
thirty (30) days after delivery of the applicable notice, Owner Group shall use commercially reasonable efforts to obtain reasonable
replacement services therefor. In such event, Owner Group shall have the right to deduct the amount of any and all costs, fees
and/or expenses related to such replacement services so incurred by Owner Group from its payments of the Services Fee; provided,
however, pursuant to the dispute resolution procedures set forth in Section 10.17, in the case of an Owner notification
under this subsection, Service Provider may dispute that it has failed, or is unable, to perform any of the Services, in which
case there shall be no deduction from the Services Fee until such time as there has been a final determination that Service Provider
has failed, or is unable, to perform those Services which Owner alleges that Service Provider has failed, or is unable, to perform.
If it is ultimately determined that Service Provider has in fact failed or been unable to perform any of the Services for which
Owner Group has obtained reasonable replacement services and has incurred costs, fees and/or expenses which were not deducted because
of the operation of this Section 2.1(d), Service Provider will reimburse Owner Group for such costs, fees and/or expenses.
The Service Provider’s obligations to make such reimbursement shall survive the termination of this Agreement for any reason
until any such dispute is resolved and any reimbursement owed to Owner Group has been paid.

 

(e)          The
Owner Group will be responsible for the following, at its own expense (the “Excluded Services”):

 

		(i)	Owner’s chief executive officer, chief financial
officer, general counsel and investor relations personnel, including all salaries and benefits of such personnel except as otherwise
expressly provided for on Exhibit A;

 

		(ii)	Owner Group D&O insurance;

 

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		(iii)	selecting, engaging and overseeing Third Party financial
auditors (however, the Services will include financial reporting, auditing, internal controls and providing SEC reporting information
to Owner Group and its Third Party financial auditors);

 

		(iv)	Third Party Owner Group reserve reports, including selecting,
engaging and overseeing Third Party reserve engineers (however, the Services will include internal reserves engineering, including
estimating and internal reporting of Asset-level reserves);

 

		(v)	selecting, engaging, and overseeing Owner Group outside
counsel and investment bankers;

 

		(vi)	Third Party Sarbanes Oxley compliance costs; and

 

		(vii)	other items agreed to in writing by Owner and Service
Provider to be Excluded Services.

 

2.2           Emergency.
In the event of an imminent emergency relating to the Assets (“Emergency”), while acting as a Reasonable
and Prudent Service Provider, Service Provider shall, without any prior notice to, or approval from, the Owner Group, take all
customary measures consistent with the standards set forth in Section 2.9 for the protection of life, health, the environment
and property. In such event, Service Provider shall use commercially reasonable efforts to notify the Owner Group of the existence
or occurrence of such an imminent Emergency as soon as reasonably possible after the Emergency occurs, but in any event within
twenty four (24) hours of its being put on notice of an imminent Emergency, setting forth the nature of the imminent Emergency,
the corrective action taken or proposed to be taken, and the actual or estimated cost and expense associated with such corrective
action.

 

2.3           Limitations
on Service Provider’s Authority. Notwithstanding anything herein to the contrary, without the prior written consent
of the Owner Group, Service Provider shall not take any action set forth on Exhibit B. The Owner Group may at any time
amend Exhibit B by providing written notice to Service Provider, which notice shall include an amended Exhibit B
reflecting such amendment. Any such amendment shall be effective upon Service Provider’s receipt of such written notice.

 

2.4           Service
Provider’s Delegation of Authority.

 

(a)          Service
Provider shall be permitted to use Affiliates of Service Provider and the officers
and employees of any of its Affiliates in order to perform the Services.
Service Provider may not delegate any authority, power, or right that could not be exercised
directly by Service Provider under this Agreement.

 

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(b)          If
any Person other than Service Provider is used to perform any of the Services (or any part of the Services), the performance by
such Person of such Services shall be treated hereunder as if Service Provider performed such Services itself, and if the costs
of such performance by Service Provider would have been borne by the Service Provider under the provisions of this Agreement, then
the costs of such performance by such Person shall be borne by Service Provider and shall not result in incremental costs to the
Owner Group. Service Provider agrees that upon written notice (stating adequate cause related
to inadequate performance or cost issues) provided by Owner after consultation with Service Provider, Service Provider shall use
commercially reasonable efforts to replace any Third Party service provider identified by the Owner Group to cease performing the
Services on behalf of Service Provider

 

2.5           Key
Persons.

 

(a)          At
all times, at Service Provider’s sole cost and expense, Service Provider shall retain and have available to it a professional
staff and outside consultants and contractors which together shall be reasonably adequate
in size, experience and competency to discharge properly the duties and functions of Service Provider hereunder. Service Provider
shall devote personnel and time and grant access to such assets and buildings of Service Provider as are necessary to provide the
Services consistent with the standards set forth in this Agreement.

 

(b)          Service
Provider shall cause the Key Persons to devote a reasonable and sufficient amount of their professional time and efforts to providing
the Services to ensure that the Service Provider fully performs its obligations under this Agreement, in each case so long as such
individuals are employed by Service Provider. Service Provider may, after obtaining Owner’s prior written consent (not to
be unreasonably withheld, conditioned or delayed), replace any Key Person with another employee of substantially equal experience
and expertise as the Key Person being replaced, in which case the replacement employee shall become a Key Person. If any Key Person’s
employment with Service Provider terminates for any reason or any Key Person is no longer providing the Services as required by
this Section 2.5(b), Service Provider shall thereafter use commercially reasonable efforts, after obtaining Owner’s
prior written consent (not to be unreasonably withheld, conditioned or delayed), to promptly replace such Key Person with another
employee of substantially equal experience and expertise as the Key Person being replaced, in which case the replacement employee
shall become a Key Person.

 

2.6           Other
Business Pursuits. The Owner Group acknowledges that Service Provider is not providing
services exclusively to the Owner Group, and Service Provider may and will continue to from time to time provide services (including
services substantially similar to the Services) to other persons (including Affiliates of Service Provider) as long as it may
do so consistent with the dedication of Key Persons to the performance of the Services made under Section 2.5 and subject
to any other written agreement between any member of the Owner Group and Service Provider or any of its Affiliates.

 

2.7           Operatorship;
Certain Conditions of Service.

 

(a)          In
providing the Services hereunder, Service Provider is acting as and shall be considered an independent contractor and not a joint
or co-employer with the Owner Group or any of its Affiliates. Nothing contained in this Agreement is intended to, or shall be deemed
or construed to, create any partnership, joint venture or enterprise, or employment relationship between or among the Owner Group
or any of its Affiliates on the one hand, and Service Provider or any of its Affiliates
on the other hand, or impose any liability as such on any of them.

 

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(b)          Subject
to the terms of this Agreement, Service Provider shall, in its sole discretion, select, employ or retain, remove, supervise, and
direct all employees, independent contractors, or other personnel of Service Provider necessary
for the satisfactory performance of the Services, and shall determine all wages, benefits, and other compensation (including,
if applicable, any retirement and health and welfare or other benefits) to all such personnel; provided,
however, that Service Provider agrees that upon written notice, the Owner Group shall have the ability to refuse to accept
the performance of the Services by any individual that does not adhere to the terms and standards herein. Service Provider shall
be solely responsible for paying all wages and other compensation, providing all benefits, and complying with the Fair Labor Standards
Act, as amended, and all other federal, state, and local wage and hour and overtime laws, Employee Retirement Income Security Act
of 1974, as amended, federal, state, and local anti-discrimination or anti-retaliation laws, and all other federal, state, and
local laws applicable to the Service Provider or the Services hereunder. The Service Provider will indemnify, defend and hold harmless
the Owner Group from any and all Liabilities incurred by the Owner Group by reason of or arising out of any of the foregoing.

 

2.8           Insurance.
Service Provider shall maintain insurance of the type, in the amounts and with the limits, historically maintained by Service
Provider in relation to the Assets. To the extent that the cost of such insurance is within the scope of Section 3.5(b),
the cost shall be an Owner Group Cost. To the extent that the cost of such insurance is not within the scope of Section 3.5(b),
the cost shall be covered by the Services Fee. Service Provider shall require all contractors and subcontractors to carry insurance
under terms usual and customary in the industry. Owner Group shall be named insured on Asset-level insurance (e.g., property and
casualty insurance and liability insurance). If Owner Group desires to maintain any of such insurance itself, instead of having
it provided by Service Provider, Owner Group may provide such insurance itself, and in such event the Services Fee will be reduced
by the amount of any resulting savings of Service Provider in the insurance costs that are not Owner Group Costs. If Owner Group
desires insurance coverage in excess of that maintained by Service Provider, it may acquire such additional coverage at its cost.
Notwithstanding anything herein to the contrary, the Owner Group shall not be required to pay or reimburse Service Provider for
any blanket or area-wide regulatory bonds maintained by Service Provider in performing the Services, and the Owner Group shall
only be required to reimburse Service Provider for the Owner Group’s share (based on Owner’s ownership interest in
the Oil and Gas Interest underlying the Assets) of any regulatory bonds specific to any of the Assets.

 

2.9           Performance
Standard. Service Provider shall perform the Services as a reasonable and prudent
oil and gas operator, and in connection with matters not directly related to the operation of oil and gas assets in a reasonable
manner in accordance with customary business practices, in a good and workmanlike manner, with due diligence and dispatch, in
accordance with good oilfield practice, and in compliance with the terms of all applicable agreements affecting the Assets and/or
this Agreement, and in compliance with all Laws. The standard of performance set forth in this Section 2.9 is referred
to herein as acting as a “Reasonable and Prudent Service Provider”.

 

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2.10         Meetings.
Representatives of Owner Group shall have the right from time to time at the request of Owner to be present at and participate
in internal Service Provider meetings in which the operation of the Assets and the performance of the Services are discussed by
Service Provider personnel. In addition, representatives of Service Provider (which shall include Key Persons and other senior
representatives of Service Provider requested by Owner and appropriate for the materiality and subject matter of the meeting)
and the Owner Group shall meet telephonically, or otherwise at a mutually agreeable location, at least once per Calendar Month
(or more frequently as requested by the Owner Group) on a mutually agreeable day and time to discuss the Services performed by
Service Provider, the past, current or future operation and development of the Assets and/or any other matters with respect to
the Assets or the business of the Owner Group reasonably requested by Owner or Service Provider.

 

2.11         Actions
by Owner Group. Any action, consent or approval required to be taken hereunder
by any member of the Owner Group shall be taken by Owner and any notices to be given to or by the Owner Group shall be given to
Owner.

 

2.12         Owner’s
Delegation of Authority. On an annual basis (and, as of the Effective Date,
for the remainder of 2018), Owner shall execute and deliver to Service Provider a revocable written instrument substantially in
the form attached hereto as Exhibit E designating and appointing Service Provider as its agent and attorney-in-fact with
full power and authority to perform the Services (the “Annual Delegation”).

 

ARTICLE III.

PAYMENTS

 

3.1           Services
Fee.

 

		(a)	For the period from January 1, 2018 to the Effective
Date (the “Stub Period”), the Owner shall pay Service Provider an amount equal to $1,433,333.00 for
each full Calendar Month during the Stub Period, plus the prorated amount for any partial Calendar Month during the Stub Period.
The Owner shall also pay Service Provider the Extraordinary Expenses. The amounts payable by the Owner to Service Provider pursuant
to this Section 3.1(a), to the extent not previously paid, shall be paid simultaneously with the first Services Fee payable
under Section 3.1(b) hereof.

 

		(b)	For the period from the Effective Date to December 31,
2018 (the “2018 Term”), the Owner shall pay Service Provider a fee of $1,433,333.00 per full Calendar
Month (as may be revised or adjusted in accordance with Section 3.1(c), Section 3.2 and/or Section 3.3, the
“Services Fee”) for the services described herein, plus the prorated amount for any partial Calendar
Months during the 2018 Term, plus any fees resulting from any Prior Obligations, subject to adjustment as provided in Section
3.3 hereof. The Owner shall also pay Service Provider the Extraordinary Expenses.

 

		(c)	For the remainder of the Initial Term following the 2018
Term, and for any Renewal Term, as applicable, the Services Fee shall be redetermined on an annual basis by the Parties in accordance
with Section 3.2, subject to adjustment as provided in Section 3.3 hereof. The Owner shall also pay Service Provider
the Extraordinary Expenses.

 

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3.2           Redetermination
of Services Fee. The Parties agree to negotiate and adjust the Services Fee as
appropriate based upon the Relevant Data, and such adjusted Services Fee shall be in effect during the Initial Term following
the 2018 Term or any Renewal Term, as applicable. If the Parties are unable to agree to an adjusted Services Fee based upon the
Relevant Data by February 15 of each Calendar Year during the Initial Term following the 2018 Term or any Renewal Term, as applicable,
then the Services Fee during the Initial Term following the 2018 Term or any Renewal Term, as applicable, shall be determined
by multiplying (i) the mean percentages of the Owner’s year-end 2P Reserves, year-end 2P PVs-10, projected current year
production, Well Count and projected current year capital expenditures relative to the corresponding metric for total assets managed
by Service Provider (in each case, excluding the Owner’s Monroe Field Assets), by (ii) the sum of (X) the then-current year-end
Service Provider overhead budget, excluding expenses solely related to Service Provider’s non-Owner activities, (Y) to the
extent not included in the then-current year-end Service Provider overhead budget, any amounts vesting and payable during such
Calendar Year during the Initial Term following the 2018 Term or any Renewal Term, as applicable, under the Service Provider LTIP
in accordance with the terms and conditions thereof, excluding any amounts vesting and payable during such Calendar Year during
the Initial Term following the 2018 Term or any Renewal Term, as applicable, under the Service Provider LTIP in accordance with
the terms and conditions thereof related to Service Provider’s non-Owner related employees, and (Z) any amounts vesting
and payable during such Calendar Year during the Initial Term following the 2018 Term or any Renewal Term, as applicable, under
the Owner MIP in accordance with the terms and conditions thereof related to Service Provider’s Owner related employees,
which amount shall be determined based on a methodology to be mutually agreed upon by the Parties, and (iii) then subtracting
from the products of clauses (i) and (ii), any amounts vesting and payable during such Calendar Year during the Initial Term following
the 2018 Term or any Renewal Term, as applicable, under the Owner MIP in accordance with the terms and conditions thereof related
to Service Provider’s Owner related employees, which amount shall be determined based on a methodology to be mutually agreed
upon by the Parties. Notwithstanding anything to the contrary herein, the maximum annual increase in the product of (i) and (ii)
shall not exceed the Services Rate Cap.

 

3.3           Material
Acquisitions or Divestitures. The Parties agree to review and adjust in good faith
the Services Fee for any material acquisition or divestiture in excess of $5.0 million which shall be prorated for the remainder
of the then applicable Term, based on the incremental projected Service Provider overhead costs, or cost savings, as applicable,
related to the acquisition or divesture. Such review and adjustment to the Services Fee made in accordance with this Section
3.3 shall be made within thirty (30) days of the closing of the applicable acquisition or divesture. Any adjustments made
to the Services Fee pursuant to this Section 3.3 shall be effective at the time of closing for such acquisition or divesture.

 

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3.4           Payment
Terms.

 

(a)          No
later than the last calendar day of each Calendar Month,
Service Provider shall deliver to Owner a monthly statement
(each, a “Monthly Statement”) setting forth the Services Fee for
the preceding Calendar Month and an itemized list of Owner Group Costs not paid directly from Owner
Group funds that were incurred by Service Provider during such Calendar Month, along with documentation to support such
Monthly Statement. Subject to Section 3.4(b), Owner shall pay to Service Provider the amount reflected in such Monthly Statement
not later than the thirtieth (30th) day after the receipt of such Monthly Statement.

 

(b)          If
Owner disputes all or any portion of any Monthly Statement delivered by Service
Provider pursuant to this Agreement, Owner may
deliver written notice of such dispute to Service Provider, setting forth in reasonable
detail the reasons for such dispute. Notwithstanding the delivery of any such written notice of dispute, Owner
shall pay, if applicable, to Service Provider the undisputed portions of such Monthly
Statement in accordance with the terms of this Agreement. If it is determined by the Parties
or otherwise that any amount is owed by either Party to the other Party hereunder, then the
owing Party shall promptly (but in any event within five (5) Business Days after such determination) reimburse the
other Party such amount.

 

(c)          All
payments shall be made in U.S. dollars and by wire transfer of immediately available funds, to the account (or accounts) designated
by the Person entitled to receipt of such payment.

 

3.5           Owner
Group Financial Responsibility. The Owner Group shall be ultimately responsible
for the payment (either directly or via reimbursement of the Service Provider) for the following costs (“Owner Group
Costs”):

 

		(a)	costs of performing the Excluded Services;

 

		(b)	direct expenses incurred in the operation of the Owner
Group’s business in connection with the Assets, or in the operation of the Assets, that Service Provider has historically
allocated to direct asset expenses, as long as such expenses are customarily treated as direct asset expenses under GAAP and COPAS
accounting procedures;

 

		(c)	capital expenditures attributable to the Assets incurred
in connection with the Development Plan and Budget;

 

		(d)	taxes (other than taxes of Service Provider or any of
its employees or other service providers);

 

		(e)	royalties and costs payable to Third Parties in gathering,
treating, processing, transporting and marketing Hydrocarbons from the Assets;

 

		(f)	other items agreed in writing by Owner and Service Provider
to be Owner Group Costs.

 

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3.6           Maintenance
of Accounts and Records.

 

(a)          Service
Provider shall maintain on behalf of the Owner Group all Records and other records, books, accounts, files, data, and other information
that are required hereunder to be maintained by the Service Provider (other than the books and records of Service Provider referred
to in Section 3.8) (such records, books, accounts, files, data, and other information, the “Owner Records and
Data”). All Owner Records and Data maintained in electronic form shall be logically separate from all electronic
records and data of Service Provider and its Affiliates. Service Provider shall ensure that no Persons other than authorized Persons
will be able to access such Owner Records and Data, with the Persons so authorized being only those Persons for which access is
reasonably necessary for the performance of the Services. Service Provider shall ensure that Owner Group and its Representatives
have reasonable access to all Owner Records and Data (including all Owner Records and Data maintained in electronic form), in the
case of physical records during reasonable business hours physically at the location at which such books and records are maintained,
in each case to the greatest extent practicable as if such Owner Records and Data were maintained by Owner on its own behalf. All
such Owner Records and Data shall be the property of the Owner Group and shall be delivered to Owner at Service Provider’s
cost at the end of the Term and any Transition Services Period, together with the information systems on which electronic Owner
Records and Data are maintained, including copies of all databases and other system applications in which such Owner Records and
Data are maintained.

 

(b)          Service
Provider shall maintain, separately and in accordance with GAAP, on behalf of the Owner Group, as Owner Records and Data, complete
and accurate books of account and financial records reflecting the results of operations of the Owner Group relating to the Assets,
including (a) complete and accurate accounts and records of all Owner Group Costs and all other expenses, costs, and Liabilities
accrued or incurred by or on behalf of the Owner, including all Asset Taxes and Burdens paid on Hydrocarbons in connection with
the Assets, and (b) complete and accurate accounts and records of all revenues accrued, invoiced, and/or received by Owner in connection
with the Assets. Service Provider shall, at the request of the Owner Group, carry out or cause to be carried out an annual Asset-level
audit of such books and records and shall assist Owner and its Representatives in connection with the preparation by Owner of the
Owner Group audited financial statements. Service Provider shall provide to Owner Group an annual service organization control
report for the benefit of Owner Group. Service Provider shall maintain any operations-related information that normally would be
included as part of such accounting documentation, including invoices, operating and maintenance records, volumes of production,
price received for Hydrocarbon sales, lease operating expenses, processing charges, gathering and transportation expenses, cash
collections, cash payments and property tax allocations.

 

3.7           Taxes.
Service Provider shall be responsible for all (i) income taxes resulting from amounts paid or payable to it under this Agreement,
(ii) employment taxes and social security payments relating to its own employees, and (iii) all other taxes incurred by Service
Provider that do not constitute Owner Group Costs. For the avoidance of doubt, Service Provider, and not Owner, shall treat the
providers of services under this Agreement as employees for tax purposes.

 

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3.8           Service
Provider Records; Audit.

 

(a)          Service
Provider shall maintain complete and accurate books and records of its activities in connection with the performance of the Services,
including any Owner Group Costs actually paid by Service Provider from its own funds. Service Provider
shall retain all such books and records for a period of not less than two (2) Calendar Years
following the end of the Calendar Year in which the Services
are performed (the “Audit Period”) or any longer period
if required by Law, including any statutory IRS audit period applicable to Owner Group.

 

(b)          
Upon not less than ten (10) Business Days’ prior written notice to Service
Provider during the Audit Period for any particular Calendar Year, Owner shall have
the right to audit Service Provider’s books and records for the Calendar
Year to which the Audit Period applies, and the costs charged to Owner in that Calendar Year. The cost of each such audit
shall be borne by Owner. Unless otherwise mutually agreed, any audit shall be conducted
at the principal office of Service Provider.

 

(c)          Owner
may request information prior to the commencement of the audit, and Service Provider shall,
to the extent available, provide the information requested as soon as practical in order to facilitate the forthcoming audit. The
Service Provider will, to the extent practicable, provide the information in electronic
format or hard copy within ten (10) Business Days after the written request.

 

(d)          In
the event Owner discovers any discrepancies as a result of any audit performed hereunder,
Owner may prepare and distribute a written report to Service
Provider setting forth in reasonable detail such discrepancies. The Service Provider shall
reply to the report in writing as soon as practical and in any event no later than thirty (30)
days after delivery of the report. At the conclusion of an audit, Service Provider and
Owner shall endeavor to promptly settle any outstanding matters.

 

(e)          
All adjustments resulting from an audit which are agreed to by Service Provider and Owner
shall be reflected promptly in Service Provider’s books and records and in
the books and records of Owner maintained by Service Provider.
If any dispute shall arise in connection with an audit and no settlement can be reached by the Parties
as provided in Section 3.8(d), within
sixty (60) days after Owner delivers a written report pursuant to Section 3.8(d),
unless otherwise agreed by the Parties, the dispute shall be resolved in accordance with
the dispute resolution provisions in Section 3.9.

 

3.9           Disputed
Charges. Owner may, during the Audit Period for any particular Calendar Year, take
written exception to any invoice rendered by Service Provider for any expenditure or any part thereof charged to Owner in that
Calendar Year, on the ground that the same was not a cost incurred by Service Provider for which Service Provider is entitled
to reimbursement pursuant to this Agreement. If the amount as to which such written exception is taken or any part thereof is
ultimately determined to be a cost for which Service Provider is not entitled to reimbursement pursuant to this Agreement, such
amount or portion thereof (as the case may be) shall be paid by Service Provider to Owner together with interest at the Agreed
Rate.

 

    	 	10	 

     

    

  

ARTICLE IV.

TERM; TERMINATION

 

4.1           Term.
The initial term of this Agreement shall be from the Effective Date until December 31, 2020 (the “Initial Term”).
The Parties may extend the terms of this Agreement for additional periods of up to one (1) year by mutual written agreement (the
“Renewal Term” and, together with the Initial Term, the “Term”) upon ninety
(90) days’ prior written notice from the expiration of the Initial Term or Renewal Term, as applicable.

 

4.2           Termination.
This Agreement may also be terminated as follows:

 

(a)          Automatically
at the end of the Initial Term or then current Renewal Term, as applicable, upon the failure of the Parties to reach mutual agreement
on a Renewal Term pursuant to Section 4.1;

 

(b)          Automatically
upon ninety (90) days’ prior written notice by either Owner or Service Provider to the other, of (i) a Change of Control
or (ii) a sale by the Owner Group of all or substantially all of the Assets
(directly or indirectly, whether through an asset transaction or an equity transaction and whether through one transaction or a
series of related transactions), other than any such sale to any of its Affiliates, Subsidiaries, parents, stockholders,
members or other interest holders; provided that such termination shall be conditioned on the actual consummation of the applicable
Change of Control or sale transaction;

 

(c)          Automatically
upon written notice by Owner to Service Provider after the first anniversary of the Effective Date if the board of directors of
Owner by majority vote of its members makes a good faith determination that Service Provider has failed to satisfactorily perform
the Services (a “Performance Termination”);

 

(d)          Automatically
upon written notice by Owner to Service Provider,

 

		(i)	upon any Material HSE Event;

 

		(ii)	upon Service Provider asserting a Force Majeure Event
for more than forty-five (45) consecutive days or more than ninety (90) days in any three hundred sixty-five (365) day period;

 

		(iii)	upon a Bankruptcy of Service Provider;

 

(e)          Automatically
upon written notice by Owner to Service Provider, upon a material default or breach by Service Provider or
any of its Affiliates of this Agreement which has not resulted solely from the breach
by Owner Group of any of its obligations under this Agreement, if:

 

(i)          such
material default or breach is capable of being cured and does not arise from the gross negligence, willful misconduct or fraud
of the Service Provider or its Affiliates, and such material default or breach is not cured within thirty (30) days after delivery
by Owner to Service Provider or its Affiliates of written notice of such material default or breach;

 

(ii)         such
material default or breach is not capable of being cured, is not capable of being cured within thirty (30) days after delivery
by Owner to Service Provider or its Affiliates of written notice of such material default or breach, or arises from the gross negligence,
willful misconduct or fraud of the Service Provider or its Affiliates.

 

    	 	11	 

     

    

  

(f)          Automatically
upon written notice by Service Provider to Owner, upon a material default or breach of this Agreement by Owner, if (i) such material
default or default is not cured within thirty (30) days after delivery by Service Provider to Owner of written notice of such material
default or breach by Owner and (ii) such material default or breach has not resulted from the actions or inactions of Service Provider
or any of its Affiliates; or

 

(g)          At
any time upon mutual written agreement of the Parties.

 

4.3           Effect
of Termination. The terms of Section 3.8, this Section 4.3, Section
4.4, Article VII, Article X and Annex A shall survive any termination of this Agreement. Notwithstanding
anything herein to the contrary, the termination of this Agreement shall not relieve either Party of any Liability or obligation
accruing or that had accrued prior to the Termination Effective Date (including any Service Provider’s right to receive
any amounts payable under Article III that have accrued prior to the date of termination) or deprive a Party not in breach
of its rights to any remedy otherwise available to such Party. Upon the Termination Effective Date, to the extent not previously
done, Service Provider shall promptly deliver to Owner all Owner Records and Data.

 

4.4           Transition
Services Period. Within ten (10) Business Days following the termination of the
Agreement pursuant to Section 4.2(a), Section 4.2(b) or Section 4.2(d), the Owner Group may request, and
Service Provider agrees to provide, continued services from Service Provider in substantially the same manner as provided in this
Agreement for a period of up to one (1) year (the “Transition Services Period”) following the termination
of this Agreement. The Services Fee paid in connection with the Transition Services Period shall be determined in accordance with
Section 3.1, subject to redetermination as provided in Section 3.2 and adjustment as provided in Section 3.3.
Notwithstanding anything to the contrary in this Agreement, in addition to Service Provider’s obligations under Section
4.3, the Service Provider shall, during the Transition Services Period, continue to provide Services in accordance with this
Agreement, and pursuant to the terms of this Agreement, and upon request from Owner will reasonably cooperate with Owner in the
transition of such Services to the Owner Group or a new service provider specified by Owner.

 

ARTICLE V.

MARKETING OF PRODUCTION

 

5.1           Marketing
Services.

 

(a)          If
requested by Owner to provide marketing services under this Agreement, Service Provider shall (i) use commercially reasonable efforts
to sell and market production from the Assets for the best available price, (ii) ensure that the Owner Group’s share of production
from the Assets will be subject to the same (or better) prices and the same terms as are applicable to Service Provider and its
Affiliates and (iii) perform such services as a Reasonable and Prudent Service Provider in accordance with prevailing industry
standards and customs.

 

    	 	12	 

     

    

  

(b)          Title
to all Hydrocarbon production from the Assets will remain in the Owner Group at all times until such time as title to such production
is required to be transferred to the purchasing Third Party counterparty under the terms of the applicable gathering, processing,
fractionation, transportation, or marketing contracts, including the Existing Arrangements. Service Provider acknowledges and agrees
that all funds and revenues received by Service Provider for the Owner Group’s production from the Assets shall remain the
sole property of the Owner Group.

 

(c)          As
requested by Service Provider from time to time, the Owner Group will reasonably cooperate and coordinate with Service Provider
in order to permit Service Provider to provide marketing services with respect to the Assets; provided, however, the Owner Group
shall not be required to take or consent to any action that requires the Owner Group’s consent under Exhibit B.

 

(d)          In
addition to any information or reports described on Exhibit D, Service Provider shall promptly upon receipt or preparation
provide to Owner all reports, notices and information prepared in the ordinary course of business by Service Provider (as such
reports and information are produced or compiled) relating to the marketing services provided pursuant to this Agreement.

 

ARTICLE VI.

FORCE MAJEURE

 

6.1           Excused
Performance. A Party shall not be responsible or liable for, or deemed in breach
of, this Agreement for any delay or failure in the performance of its obligations under this Agreement (other than obligations
to pay amounts owing under this Agreement) to the extent such performance is prevented by a Force Majeure Event; provided, that
(a) the affected Party gives the other Party prompt written notice describing the particulars of the Force Majeure Event and the
proposed cure; (b) the suspension of performance is of no greater scope and of no longer duration than is reasonably attributable
to the Force Majeure Event; (c) the affected Party uses commercially reasonable efforts to remedy its inability to perform its
obligations under this Agreement or the Force Majeure Event (which efforts shall not require settlement of any labor or similar
dispute on terms not acceptable to the Party claiming the Force Majeure Event); and (d) when the affected Party is able to resume
performance of its obligations under this Agreement, that Party shall give the other Party written notice to that effect.

 

6.2           No
Preclusion. The existence of a Force Majeure Event shall not relieve any Party
of (a) any of its payment obligations under this Agreement, or (b) any other obligation under this Agreement to the extent that
performance of such other obligation is not precluded by such Force Majeure Event.

 

6.3           Limitations
on Effect of Force Majeure. In no event will any delay or failure of performance
caused by a Force Majeure Event extend this Agreement beyond its Term.

 

    	 	13	 

     

    

  

ARTICLE VII.

INDEMNITIES

 

7.1           Service
Provider Indemnity. Service Provider hereby releases, indemnifies, defends and
holds harmless Owner and the other Owner Indemnified Parties from and against any and all Liabilities (a) to the extent attributable
to or arising out of the gross negligence or willful misconduct of any Service Provider Indemnified Parties or (b) for personal
injury, illness, or death of or damage to and loss of property (whether real or personal, owned or leased) incurred or suffered
by any Service Provider Indemnified Party as a result of, relating to or arising out of, any Service Provider’s or any other
of the Service Provider Indemnified Parties’ performance of the Services hereunder, REGARDLESS OF WHETHER SUCH LIABILITIES
ARE THE RESULT OF (IN WHOLE OR IN PART) THE SOLE, ACTIVE, PASSIVE, CONCURRENT OR COMPARATIVE NEGLIGENCE, STRICT LIABILITY, OTHER
FAULT OR THE VIOLATION OF LAW, IN EACH CASE, OF OR BY ANY OWNER INDEMNIFIED PARTY, EXCEPT (IN EACH CASE) TO THE EXTENT SUCH LIABILITIES
ARE A RESULT OF THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF ANY OWNER INDEMNIFIED PARTY. Owner must give Service Provider
written notice of any claim under this Section 7.1 on or before the date that is twenty-four (24) Calendar Months counted
from and after the end of the Term and any Transition Services Period (excluding such month in which the Term or the Transition
Services Period ends, as applicable), after which no claim may be made against Service Provider by Owner or any Owner Indemnified
Party under Section 7.1(a) and/or Section 7.1(b).

 

7.2           Owner
Indemnity. Owner hereby releases, indemnifies, defends and holds harmless Service
Provider and the other Service Provider Indemnified Parties from and against any and all Liabilities (a) to the extent attributable
to or arising out of the gross negligence or willful misconduct of any Owner Indemnified Party or (b) for personal injury, illness,
or death of or damage to or loss of property (whether real or personal, owned or leased) incurred or suffered by any Owner Indemnified
Party as a result of, relating to or arising out of, any Service Provider’s or any other of the Service Provider Indemnified
Parties’ performance of the Services hereunder, REGARDLESS OF WHETHER SUCH LIABILITIES ARE THE RESULT OF (IN WHOLE OR
IN PART) THE SOLE, ACTIVE, PASSIVE, CONCURRENT OR COMPARATIVE NEGLIGENCE, STRICT LIABILITY, OTHER FAULT OR THE VIOLATION OF LAW,
IN EACH CASE, OF OR BY ANY SERVICE PROVIDER, EXCEPT (IN EACH CASE) TO THE EXTENT SUCH LIABILITIES ARE A RESULT OF THE GROSS NEGLIGENCE
OR WILLFUL MISCONDUCT OF ANY SERVICE PROVIDER INDEMNIFIED PARTY. Service Provider must give Owner written notice of any claim
under this Section 7.2 on or before the date that is twenty-four (24) Calendar Months counted from and after the end of
the Term or any Transition Services Period (excluding such month in which the term or the Transition Services Period ends, as
applicable), after which no claim may be made against Service Provider by Owner or any Owner Indemnified Party under Section
7.2(a) and/or Section 7.2(b). Notwithstanding the foregoing, neither Service Provider nor any of its Affiliates shall
be released by this Section 7.2 from liability arising from a breach of any non-operational, financial, or administrative
obligation or Service under this Agreement.

 

7.3           DISCLAIMERS.
Notwithstanding any other term of this Agreement to the contrary, except as provided in Section 2.9 and in Article IX,
SERVICE PROVIDER makes no and disclaims any other representations and warranties, express, implied or statutory, with respect
to the performance or results of the Services. OWNER, ON BEHALF OF ITSELF AND ITS AFFILIATES ACKNOWLEDGES AND AGREES THAT SERVICE
PROVIDER SHALL HAVE NO LIABILITY TO OWNER IN CONNECTION WITH ANY DECISIONS MADE OR ACTIONS TAKEN BY OWNER IN RELIANCE UPON ANY
INFORMATION OR ADVICE PROVIDED BY SERVICE PROVIDER HEREUNDER, SUCH DECISIONS BEING MADE OR ACTIONS TAKEN AT OWNER’S SOLE
RISK.

 

    	 	14	 

     

    

  

7.4           Disclaimer
of Application of Anti-Indemnity Statutes. The Parties acknowledge and agree that
the provisions of any anti-indemnity statute relating to oilfield services and associated activities shall not be applicable to
this Agreement or the transactions contemplated hereby or thereby.

 

ARTICLE VIII.

NON-SOLICITATION

 

8.1           Non-Solicitation.
Neither Party shall hire or attempt to employ any of the other Party’s personnel during the Term of this Agreement and for
a period of ninety (90) days after the expiration of the Term, or, if later, the Transition Services Period; provided, that the
non-solicitation restriction in this Article VIII shall not apply in the event an employee of either Party or its Affiliates
contacts any member of the other Party regarding employment in response to an advertisement identifying employment opportunities
or if an employee of either Party or its Affiliates contacts any member of the other Party without having been solicited.

 

ARTICLE IX.

REPRESENTATIONS AND WARRANTIES; OTHER COVENANTS AND RESPONSIBILITIES

 

9.1           Representations
and Warranties. Owner represents and warrants to Service Provider, and Service
Provider represents and warrants to Owner, as follows:

 

(a)          Organization,
Good Standing, Etc. Such Party is a limited liability company, corporation or other legal entity, that has been duly formed,
validly existing and in good standing under the Laws of the State in which it is formed, and each duly qualified and/or licensed
to the extent and as may be required by applicable Law, and in good standing in such State.

 

(b)          Authority;
Enforceable Agreement. Such Party has taken all necessary action to authorize the execution, delivery and performance of this
Agreement and has adequate power, authority and legal right to enter into, execute, deliver and perform this Agreement. This Agreement
is legal, valid and binding with respect to such Party and is enforceable in accordance with its terms, except as the enforceability
thereof may be limited by bankruptcy, insolvency or similar laws affecting creditors’ rights generally.

 

(c)          Legal
Requirements. Such Party has, or before commencing activities in any State or other jurisdiction will have, all requisite power,
approvals, authorizations, consents, licenses, orders, franchises, rights, registrations and permits of all Governmental Authorities
of such State or other jurisdiction (i) in the case of Owner Group, required to carry out its business relating to the Assets and
(ii) in the case of Service Provider, required for Service Provider to provide the Services in such jurisdiction; each of the foregoing
is or will be in full force and effect and has been duly and validly issued; and at the time Services are performed, such Party
will be in compliance in all material respects with all terms and conditions of each of the foregoing.

 

    	 	15	 

     

    

  

(d)          No
Consent. No permit, consent, approval, authorization or order of, and no notice to or filing with, any Governmental Authority
or Third Party is required in connection with the execution, delivery or performance by such Party of this Agreement or to consummate
any transactions contemplated hereby.

 

(e)          No
Conflict. The execution, delivery, and performance by such Party of this Agreement and the consummation of the transactions
contemplated herein will not (i) conflict with or result in a breach of any provisions of the organizational documents of
such Party, (ii)  result in a default or the creation of any material Encumbrance or give rise to any right of termination,
cancellation, or acceleration under any of the terms, conditions, or provisions of any note, bond, mortgage, indenture, license,
contract or agreement to which such Party is a party, (iii) violate in any material respect any judgment, order, ruling, regulation,
or decree applicable to such Party as a party in interest, or (iv) violate any Law applicable to such Party.

 

9.2           Additional
Owner Group Representations. Owner represents and warrants to Service Provider
that it is sophisticated in the ownership and evaluation of oil and gas properties, and it shall exercise its own independent
analysis and evaluation of operations as may be proposed by Service Provider. Owner has access to and, as necessary, shall seek
the advice of its own legal, tax, economic, insurance, environmental, technical, engineering, operations, geological and geophysical
advisors.

 

9.3           Service
Provider Responsibilities.

 

(a)          Books
and Records. Service Provider shall keep and maintain proper and complete books and records of all matters pertaining to performance
of the Services. Owner shall have the right to (i) reasonably consult from time to time with the independent accountants and advisors
of Service Provider regarding Service Provider’s performance of the Services; (ii) reasonably consult from time to time at
reasonable times and following reasonable notice, with management of Service Provider at their respective places of business regarding
performance of the Services, so long as such consultation does not unreasonably interfere with the operation of the business of
Service Provider; and (iii) consult with any other personnel of Service Provider or to inspect any of the properties or assets
of Service Provider utilized in Service Provider’s performance of the Services.

 

(b)          Financial
Information. Service Provider shall provide to Owner prompt notice of any event that would reasonably be expected to have a
material effect on Service Provider’s financial condition, business or operations. Service Provider shall assist Owner in
the preparation of Owner’s financial statements and required public disclosures.

 

ARTICLE X.

MISCELLANEOUS

 

10.1         Counterparts.
This Agreement may be executed in any number of counterparts, and each such counterpart hereof shall be deemed to be an original
instrument, but all of such counterparts shall constitute for all purposes one agreement. Any signature hereto delivered by a
Party by facsimile or email scan transmission shall be deemed an original signature hereto.

 

    	 	16	 

     

    

  

10.2         Notices.
All notices and communications required or permitted to be given hereunder shall be in writing and shall be delivered personally,
or sent by bonded overnight courier, or mailed by U.S. Express Mail or by certified or registered United States Mail with all
postage fully prepaid, or sent by electronic mail transmission (provided that confirmation of the delivery of such electronic
mail is requested and received, excluding automatic receipts, with the receiving Person affirmatively obligated to promptly acknowledge),
or by telecopier or telegram (provided that notice given by telegram or telecopier shall be effective upon actual receipt
if received during the recipient’s normal business hours, or at the beginning of the recipient’s next Business Day
after receipt if not received during the recipient’s normal business hours), addressed to Service Provider or Owner, as
appropriate, at the address for such Person shown below or at such other address as Service Provider or Owner shall have theretofore
designated by written notice delivered to the other Party:

 

If to Service Provider:

 

EnerVest, Ltd.

1001 Fannin, Suite 800

Houston, Texas 77002

Attention: J. Andrew West

Email: Awest@EnerVest.net

 

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

 

EnerVest Operating, L.L.C.

1001 Fannin, Suite 800

Houston, Texas 77002

Attention: Alex Zazzi

Email: Azazzi@EnerVest.net

 

If to Owner:

 

Harvest Oil & Gas Corp.

1001 Fannin, Suite 800

Houston, Texas 77002

Attention: Nicholas Bobrowski

Fax: (713)
651-1260

Email: nbobrowski@hvstog.com

 

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

 

Harvest Oil & Gas Corp.

1001 Fannin, Suite 800

Houston, Texas 77002

Attention: Mike Mercer

Fax: (713)
651-1260

Email: MMercer@hvstog.com

 

    	 	17	 

     

    

  

Any notice given in accordance herewith shall
be deemed to have been given only when delivered to the addressee in person, or by courier, during normal business hours on a Business
Day (or if delivered or transmitted after normal business hours on a Business Day or on a day other than a Business Day, then on
the next Business Day), or upon actual receipt by the addressee during normal business hours on a Business Day after such notice
has either been delivered to an overnight courier or deposited in the United States Mail, as the case may be (or if delivered after
normal business hours on a Business Day or on a day other than a Business Day, then on the next Business Day). Service Provider
or Owner may change the address to which such communications are to be addressed by giving written notice to the other Party in
the manner provided in this Section 10.2.

 

10.3         Governing
Law; Venue.

 

(a)          
THIS AGREEMENT AND ANY CLAIM, CONTROVERSY, OR DISPUTE ARISING UNDER OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY OR THE RIGHTS, DUTIES, AND RELATIONSHIP OF THE PARTIES HERETO AND THERETO, SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, EXCLUDING ANY CONFLICTS OF LAW RULE OR PRINCIPLE THAT MIGHT REFER CONSTRUCTION
OF PROVISIONS TO THE LAWS OF ANOTHER JURISDICTION.

 

(b)          the
parties agree that the appropriate, exclusive, and convenient forum for any disputes between the parties arising out of or relating
to this agreement (OTHER THAN TO THE EXTENT SET FORTH IN SECTION 10.17) or the transactions contemplated hereby or thereby
shall be in any state or federal court in HARRIS COUNTY, texas and each of the parties irrevocably submits to the jurisdiction
of such courts solely in respect of any proceeding arising out of or related to this agreement (OTHER THAN TO THE EXTENT SET FORTH
IN SECTION 10.17). the parties further agree that the parties shall not bring suit with respect to any disputes arising
out of this agreement (OTHER THAN TO THE EXTENT SET FORTH IN SECTION 10.17) or the transactions contemplated hereby in any
court or jurisdiction other than the above specified courts. the parties further agree, to the extent permitted by law, that a
final and nonappealable judgment against a party in any action or proceeding contemplated above shall be conclusive and may be
enforced in any other jurisdiction within or outside the united states by suit on the judgment, a certified or exemplified copy
of which shall be conclusive evidence of the fact and amount of such judgment.

 

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(c)          TO
THE EXTENT THAT ANY PARTY OR ANY OF ITS AFFILIATES HAS ACQUIRED, OR HEREAFTER MAY ACQUIRE, ANY IMMUNITY FROM JURISDICTION OF ANY
COURT OR FROM ANY LEGAL PROCESS (WHETHER THROUGH SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION,
EXECUTION, OR OTHERWISE) WITH RESPECT TO ITSELF OR ITS PROPERTY, SUCH PARTY (ON ITS OWN BEHALF AND ON BEHALF OF ITS AFFILIATES)
HEREBY IRREVOCABLY (I) WAIVES SUCH IMMUNITY IN RESPECT OF ITS OBLIGATIONS WITH RESPECT TO THIS AGREEMENT AND (II) SUBMITS TO THE
PERSONAL JURISDICTION OF ANY COURT DESCRIBED IN Section 10.3(b).

 

(d)          THE
PARTIES AGREE THAT THEY HEREBY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY IRREVOCABLY WAIVE THE RIGHT TO TRIAL BY JURY IN ANY ACTION
BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH THIS AGREEMENT, THE TRANSACTION AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED
HEREBY OR THEREBY.

 

10.4         Non-Compensatory
Damages. NONE OF THE PARTIES SHALL BE ENTITLED TO RECOVER ANY SPECIAL, INDIRECT,
CONSEQUENTIAL, PUNITIVE, EXEMPLARY, REMOTE OR SPECULATIVE DAMAGES OR DAMAGES FOR LOST PROFITS OF ANY KIND (OTHER THAN, IN EACH
CASE, REASONABLY FORESEEABLE CONSEQUENTIAL DAMAGES CUSTOMARILY AVAILABLE AS DIRECT DAMAGES WITH RESPECT TO COMMON LAW CONTRACTUAL
DAMAGES CLAIMS) ARISING UNDER OR IN CONNECTION WITH THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, EXCEPT TO THE EXTENT
ANY SUCH PARTY SUFFERS SUCH DAMAGES (INCLUDING COSTS OF DEFENSE AND REASONABLE ATTORNEY’S FEES INCURRED IN CONNECTION WITH
DEFENDING OF SUCH DAMAGES) TO A THIRD PARTY, WHICH DAMAGES (INCLUDING COSTS OF DEFENSE AND REASONABLE ATTORNEY’S FEES INCURRED
IN CONNECTION WITH DEFENDING AGAINST SUCH DAMAGES) SHALL NOT BE EXCLUDED BY THIS PROVISION. SUBJECT TO THE PRECEDING SENTENCE,
OWNER AND SERVICE PROVIDER WAIVE ANY RIGHT TO RECOVER ANY SPECIAL, INDIRECT, CONSEQUENTIAL, PUNITIVE, EXEMPLARY, REMOTE OR SPECULATIVE
DAMAGES OR DAMAGES FOR LOST PROFITS OF ANY KIND (OTHER THAN, IN EACH CASE, REASONABLY FORESEEABLE CONSEQUENTIAL DAMAGES CUSTOMARILY
AVAILABLE AS DIRECT DAMAGES WITH RESPECT TO COMMON LAW CONTRACTUAL DAMAGES CLAIMS), ARISING IN CONNECTION WITH OR WITH RESPECT
TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, EXCEPT TO THE EXTENT ANY SUCH PARTY SUFFERS SUCH DAMAGES (INCLUDING
COSTS OF DEFENSE AND REASONABLE ATTORNEY’S FEES INCURRED IN CONNECTION WITH DEFENDING OF SUCH DAMAGES) TO A THIRD PARTY.

 

10.5         Waiver;
Rights Cumulative. Any of the terms, covenants, representations, warranties or
conditions hereof may be waived only by a written instrument executed by or on behalf of the Party waiving compliance. No course
of dealing on the part of Service Provider and Owner, or their respective Representatives or any failure by Service Provider and
Owner to exercise any of its rights under this Agreement shall operate as a waiver thereof or affect in any way the right of such
Person at a later time to enforce the performance of such provision. No waiver by Service Provider and Owner of any condition
or any breach of any term, covenant, representation or warranty contained in this Agreement, in any one or more instances, shall
be deemed to be or construed as a further or continuing waiver of any such condition or breach or a waiver of any other condition
or of any breach of any other term, covenant, representation or warranty. The rights of Service Provider and Owner under this
Agreement shall be cumulative, and the exercise or partial exercise of any such right shall not preclude the exercise of any other
right.

 

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10.6         Entire
Agreement. This Agreement constitutes the
entire agreement between the Parties pertaining to the Services and supersedes all prior agreements, understandings, negotiations
and discussions, whether oral or written, of the Parties pertaining to the subject matter hereof.

 

10.7         Amendment.
This Agreement may be amended only by an instrument in writing executed by all Parties.

 

10.8         Parties
in Interest. The terms and provisions of this Agreement shall be
binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns. Notwithstanding anything
contained in this Agreement to the contrary, nothing in this Agreement, expressed or implied, is intended to confer on any Person
other than Owner and Service Provider and their respective successors and permitted assigns, or the Owner Indemnified Parties
and the Service Provider Indemnified Parties (but only to the extent set out in Section 7.1 and Section 7.2, respectively),
any rights, remedies, obligations or Liabilities under or by reason of this Agreement; provided, that only a Party and its respective
successors and permitted assigns will have the right to enforce the provisions of this Agreement on its own behalf or on behalf
of any Owner Indemnified Party or Service Provider Indemnified Party (but shall not be obligated to do so).

 

10.9         Assignment.
No Party may assign (directly or indirectly, including by merger, consolidation, equity sale or otherwise, but excluding a Change
of Control of either Party or any transaction involving the securities of any Party or any of its Affiliates that have publicly
traded securities) this Agreement or its obligation or duties hereunder (except as expressly provided for herein) without the
prior written consent of the other Party; provided, however, Owner may assign this Agreement to any Affiliate of Owner who then
owns (or concurrently with the assignment of this Agreement will own) a portion of the Assets without Service Provider’s
prior written consent, without relieving Owner from any of its obligations or Liabilities hereunder; and further provided that
such Affiliate remains an Affiliate of Owner. Each Party acknowledges that the Services to be provided by Service Provider hereunder
are unique personal services and that the entry of Owner into this Agreement is based on a special relationship with Service Provider
and the unique qualities and abilities of Service Provider.

 

10.10         Further
Assurances. In connection with this Agreement and the transactions contemplated
hereby, each Party shall execute and deliver all such future instruments and take such other further action as may be reasonably
necessary or appropriate to carry out the provisions of this Agreement and the intention of the Parties as expressed herein.

 

10.11         Preparation
of Agreement. Each of the Parties and their
respective counsels participated in the preparation of this Agreement. In the event of any ambiguity in this Agreement, no presumption
shall arise based on the identity of the draftsman of this Agreement.

 

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10.12         Severability.
If any term or provision of this Agreement is determined to be invalid, illegal, or incapable of being enforced by any rule of
Law or public policy, all other terms and provisions of this Agreement shall nevertheless remain in full force and effect. Upon
a determination that any term or provision is invalid, illegal, or incapable of being enforced, the Parties shall negotiate in
good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable
manner to the end that the transactions contemplated hereby are fulfilled to the fullest extent possible.

 

10.13         No
Recourse. For the avoidance of doubt, the provisions of this Agreement shall not
give rise to any right of recourse against any current, former or future equityholder, member, partner, owner, director, manager,
officer, employee, agent, advisor or representative of Service Provider or of Owner.

 

10.14         Interpretation.
All references in this Agreement to Articles, Sections, subsections and other subdivisions refer to the corresponding Articles,
Sections, subsections and other subdivisions of or to this Agreement unless expressly provided otherwise. Titles appearing at
the beginning of any Articles, Sections, subsections and other subdivisions of this Agreement are for convenience only, do not
constitute any part of this Agreement, and shall be disregarded in construing the language hereof. The words “this Agreement”,
“herein”, “hereby”, “hereunder” and “hereof”, and words of similar import, refer
to this Agreement as a whole and not to any particular Article, Section, subsection or other subdivision unless expressly so limited.
The words “this Article”, “this Section”, and “this subsection”, and words of similar import,
refer only to the Article, Section or subsection hereof in which such words occur. The word “including” (in its various
forms) means including without limitation. All references to “$” or “dollars” shall be deemed references
to United States dollars. Each accounting term not defined herein will have the meaning given to it under GAAP. Pronouns in masculine,
feminine or neuter genders shall be construed to state and include any other gender, and words, terms and titles (including terms
defined herein) in the singular form shall be construed to include the plural and vice versa, unless the context otherwise requires.
References to any Law or agreement shall mean such Law or agreement as it may be amended from time to time.

 

10.15         Confidentiality.

 

(a)          Service
Provider agrees that all information relating to the Assets or the business and finances of the Owner Group that is disclosed to
Service Provider or that it obtains or develops in performing the Services, including all Owner Records and Data, is “Confidential
Information” hereunder, shall be kept strictly confidential and shall not be disclosed at any time during the Term
and any Transition Services Period and for a period of two (2) years thereafter, to any Person that is not a Party without Owner’s
prior written consent and shall not be used for any purpose other than the performance of the Services, except that Confidential
Information may be disclosed:

 

(i)          To
the extent and only to the extent reasonably necessary for the performance of the Services, to Affiliates of the Service Provider
and its and their directors, officers, managers, employees, members, partners, agents and authorized representatives (including
attorneys, accountants, and consultants) (“Representatives”), provided that such Representatives need
to know such Confidential Information for purposes of performing the Services and agree to be or are otherwise bound by the Service
Provider’s obligations under this Section 10.15, and provided that Service Provider shall be liable hereunder for
any breach of such obligations by any of its Representatives;

 

    	 	21	 

     

    

  

(ii)         in
response to a subpoena, document request, information request, discovery request, court order, or other legal process that would
or may require disclosure of Confidential Information, to the extent permissible by law and consistent with Section 10.15(c) (provided
that Service Provider shall (A) first give written notice of the intended disclosure to Owner as soon as practicable; (B) consult
with Owner on the advisability of taking steps to resist or narrow the disclosure of Confidential Information; and (C) if disclosure
is required or deemed advisable, cooperate with Owner in attempting to obtain an order or other reliable assurance that confidential
treatment will be accorded to designated portions of the Confidential Information, or that the Confidential Information will otherwise
be held in the strictest confidence to the fullest extent permitted under the Laws, rules or regulations of any applicable Governmental
Authority);

 

(iii)        to
the extent that such Confidential Information must be disclosed pursuant to any rules or requirements of any government or stock
exchange having jurisdiction over Service Provider, or its Affiliates;

 

(iv)        to
the extent that any data or information, through no fault of Service Provider or any of its employees or Affiliates and without
breach of any duty of confidentiality owed to Owner, becomes a part of the public domain (provided that information is not considered
to be in the public domain for purposes of this Agreement unless it is lawfully available to the general public from a single source
without restriction on its use or disclosure, and provided further that specific information is not considered to be in the public
domain if only a general embodiment or description of such information is available in the public domain); or

 

(v)         to
Third Parties owning interests in the Assets under Operating Agreements, but only such data and information as is customarily provided
to such Third Parties.

 

(b)          Service
Provider acknowledges that the unauthorized disclosure or use of Confidential Information could cause irreparable harm and significant
injury, the precise measure of which would be difficult to ascertain. Accordingly, Owner will be entitled to seek specific performance
and injunctive or other equitable relief, without bond, as a remedy for any such breach or threatened breach, in addition to all
other rights and remedies that Owner may have.

 

    	 	22	 

     

    

  

(c)          Notwithstanding
anything herein to the contrary, in accordance with the Defend Trade Secrets Act, 18 U.S.C. § 1833(b), and other applicable
law, nothing in this Agreement, or any other agreement or policy shall prevent Service Provider from, or expose Service Provider
to criminal or civil liability under federal or state trade secret law for, (1) directly or indirectly sharing any trade secrets
or other Confidential Information (except information protected by the Owner’s attorney-client or work product privilege)
with an attorney or with any federal, state, or local government agencies, regulators, or officials, for the purpose of investigating
or reporting a suspected violation of law, whether in response to a subpoena or otherwise, without notice to the Owner, or (2)
disclosing trade secrets in a complaint or other document filed in connection with a legal claim, provided that the filing is made
under seal.

 

10.16         Publicity.
Without the prior written consent of Owner, Service Provider will not issue, or permit any agent or Affiliate of Service Provider
to issue, any press releases or otherwise make, or cause any agent or Affiliate to make, any public statements with respect to
this Agreement, any Confidential Information or the activities contemplated hereby. Without the prior written consent of Service
Provider, Owner will not issue, or permit any agent or Affiliate of Owner to issue, any press releases or otherwise make, or cause
any agent or Affiliate to make, any public statements with respect to this Agreement, the terms of this Agreement, any confidential
or proprietary information of Service Provider (including the amount of the Services Fee), or the activities contemplated hereby.

 

10.17         Performance
Dispute Resolution. Service Provider, may, upon notice to Owner, dispute a claim
pursuant to Section 2.1(d) that Service Provider has failed, or is unable, to perform any of the Services, or that Service
Provider has not cured such failure or inability, by submitting the matter to arbitration in accordance with this Section 10.17.
Within ten (10) Business Days of a matter being submitted to arbitration by Service Provider in accordance with the preceding
sentence, each of Service Provider and Owner shall (i) summarize their position with regard to such dispute in a written document
of twenty (20) pages or less and (ii) submit such summaries to an arbitrator as selected by mutual agreement of the Parties (the
“Arbitrator”), together with the applicable notice and any other documentation such Party may desire
to submit. If the Parties cannot agree on an Arbitrator within ten (10) Business Days after Service Provider’s election
to submit such matters to arbitration under this Section 10.17, then either Service Provider or Owner may request the Houston,
Texas office of the American Arbitration Association (“AAA”) (or, if there is no such office, the office
of the AAA serving Houston, Texas) to select the Arbitrator. Within ten (10) Business Days after receiving the Parties’
respective submissions, the Arbitrator shall render a decision choosing either Service Provider’s position or Owner’s
position with respect to the matter submitted to arbitration, based on the materials described above. Any decision rendered by
the Arbitrator pursuant hereto shall be final, conclusive, and binding on Service Provider and Owner and enforceable against any
of the Parties in any court of competent jurisdiction. All costs of the Arbitrator shall be borne by the non-prevailing party.

 

[Signature Page Follows]

 

    	 	23	 

     

    

 

IN WITNESS WHEREOF, the
Parties have caused this Agreement to be executed by their duly authorized representatives as of the date and year first above
written.

 

	 	SERVICE PROVIDER:
	 	 
	 	ENERVEST, LTD.
	 	 	 
	 	By:	EnerVest Management GP, L.C.,
	 	 	its General Partner
	 	 	 
	 	By:	/s/ John B. Walker
	 	Name:	John B. Walker
	 	Title:	Chief Executive Officer
	 	 	 
	 	Enervest operating, l.l.c.
	 	 	 
	 	By:	/s/ Jud Walker
	 	Name:	Jud Walker
	 	Title:	President and Chief Executive Officer
	 	 	 
	 	OWNER
	 	 
	 	HARVEST OIL & GAS CORP.
	 	 	 
	 	By:	/s/ Nicholas Bobrowski
	 	Name:	Nicholas Bobrowski
	 	Title:	Vice President, Chief Financial
	 	 	Officer and Secretary

 

Signature Page to

Services Agreement

 

     

     

    

 

ANNEX A

 

DEFINITIONS

 

“2018 Term”
is defined in Section 3.1(b).

 

“2P PV-10”
means the present value of future net pre-tax cash flows attributable to 2P Reserves as set forth in the Owner’s most recent
Reserve Report.

 

“2P Reserves”
means the sum of proved and probable reserves, estimated using production performance methods as set forth in the Owner’s
most recent Reserve Report.

 

“AAA”
is defined in Section 10.17.

 

“AFE”
means any authorization for expenditure or other capital commitment relating to the Assets.

 

“Affiliate”
means, with respect to any Person, any other Person that, directly or indirectly, through one or more intermediaries, controls,
is controlled by or is under common control with, such Person. The term “control” and its derivatives
with respect to any Person means the possession, directly or indirectly, of the power to direct or cause the direction of the management
and policies of such Person, whether through the ownership of Voting Securities or partnership or other ownership interests, by
contract or otherwise. Notwithstanding the foregoing, for purposes of this Agreement, neither Owner nor any of its Subsidiaries
shall be an Affiliate of Service Provider or any of its Affiliates, and neither Service Provider nor any of its Affiliates shall
be an Affiliate of Owner or any of its Subsidiaries.

 

“Agreed Rate”
means the United States prime rate as published in the “Money Rates” section of The Wall Street Journal, plus
300 basis points.

 

“Agreement”
is defined in the preamble.

 

“Annual Delegation”
is defined in Section 2.12.

 

“Applicable
Contracts” means any Contracts entered into by or on behalf of Owner relating to the Assets.

 

“Arbitrator”
is defined in Section 10.17.

 

“Asset Taxes”
means ad valorem, property, excise, severance, production, sales, use and similar taxes based upon the operation or ownership of
the Assets or the production of Hydrocarbons or the receipt of proceeds therefrom, but excluding, for the avoidance of doubt, (x)
any income, capital gain, franchise and similar taxes and (y) any transfer, sales, use and similar taxes incurred or imposed with
respect to the transfer of any of the Assets.

 

“Assets”
means the oil and natural gas properties owned by the Owner Group as of the date hereof, and any other oil and natural gas properties
acquired or leased by the Owner Group after the Effective Date, with respect to which Owner elects to have Service Provider provide
the Services.

 

    
Annex A

     

    

  

“Audit Period”
is defined in Section 3.8(a).

 

“Bankruptcy”
means, with respect to any Person: (a) the filing by such Person of a voluntary petition seeking liquidation, reorganization, arrangement
or readjustment, in any form, of its debts under the U.S. Bankruptcy Code (or corresponding provisions of future Laws) or any other
insolvency Law, or a Person’s filing an answer consenting to or acquiescing in any such petition; (b) the making by such
Person of any assignment for the benefit of its creditors or the admission by a Person of its inability to pay its debts as they
mature; or (c) the expiration of 120 days after the filing of an involuntary petition under the U.S. Bankruptcy Code (or corresponding
provisions of future Laws) seeking an application for the appointment of a receiver for the assets of such Person, or an involuntary
petition seeking liquidation, reorganization, arrangement or readjustment of its debts under any other insolvency Law, unless the
same shall have been vacated, set aside or stayed within such 120-day period.

 

“Burdens”
means royalties, overriding royalties, production payments, carried interests, net profits interests, reversionary interests, back-in
interests and other burdens upon, measured by or payable out of production.

 

“Business Day”
means a day other than a Saturday, Sunday or a day on which commercial banks in Houston, Texas are authorized or required by applicable
Law to be closed for business.

 

“Calendar Month”
means any of the months of the Gregorian calendar.

 

“Calendar Year”
means a period of 12 consecutive Calendar Months commencing on the first day of January and ending on the following 31st day of
December, according to the Gregorian calendar

 

“Change of
Control” means, with respect to any Person (the “Applicable Person”), any of the
following events: (i) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all
or substantially all of the Applicable Person’s assets to any other Person, unless immediately following such sale, lease,
exchange or other transfer such assets are owned, directly or indirectly, by the Applicable Person; (ii) the dissolution or liquidation
of the Applicable Person; (iii) the consolidation or merger of the Applicable Person with or into another Person pursuant to a
transaction in which the outstanding Voting Securities of the Applicable Person are changed into or exchanged for cash, securities
or other property, other than any such transaction where (a) the outstanding Voting Securities of the Applicable Person are changed
into or exchanged for Voting Securities of the surviving Person or its parent and (b) the holders of the Voting Securities of the
Applicable Person immediately prior to such transaction own, directly or indirectly, not less than a majority of the outstanding
Voting Securities of the surviving Person or its parent immediately after such transaction; and (iv) a “person” or
“group” (within the meaning of Sections 13(d) or 14(d)(2) of the Exchange Act) being or becoming the “beneficial
owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act) of more than 50% of all of the then outstanding Voting
Securities of the Applicable Person, except in a merger or consolidation which would not constitute a Change of Control under clause
(iii) above. Notwithstanding the foregoing, the proposed transaction resulting in the reorganization of EVOC shall not constitute
a Change of Control.

 

    
Annex A

     

    

  

“Confidential
Information” is defined in Section 10.15.

 

“Contract”
means any written or oral: contract; agreement; agreement regarding indebtedness; indenture; debenture; note, bond or loan; collective
bargaining agreement; mortgage; license agreement; farmin or farmout agreement; participation, exploration or development agreement;
crude oil, condensate or gas purchase and sale, gathering, processing, transportation or marketing agreement; Operating Agreement;
balancing agreement; unitization agreement; facilities or equipment lease; production handling agreement; or other similar contract,
but in each case specifically excluding, however, any right-of-way, permit or other instrument (other than acquisition or similar
sales or purchase agreements) creating, evidencing or assigning any interest in any Asset that constitutes real property or any
other property related to or used or held for use in connection with the operation of any Asset.

 

“Development
Plan and Budget” means a development plan and/or budget prepared annually by Service Provider and/or Owner, and adopted
and approved by Owner. Until such time as an updated, revised, or replacement Development Plan and Budget is adopted and approved
by Owner, references to the “Development Plan and Budget” shall be to the Development Plan and Budget attached hereto
as Exhibit C; thereafter, references to the “Development Plan and Budget” shall be to the most recently adopted
and approved Development Plan and Budget, at it may have been updated or revised with the approval of the Owner.

 

“Effective
Date” is defined in the preamble.

 

“Emergency”
is defined in Section 2.2.

 

“Encumbrance”
means any pledges, restrictions on transfer, proxies and voting or other agreements, liens (statutory or otherwise), conditional
sale, trust receipt, consignment or bailment, preference or priority, assessment, deed of trust, easement, servitude, claims, charges,
mortgages, security agreements or interests or other legal or equitable encumbrances, limitations or restrictions of any nature
whatsoever with respect to any property of any kind.

 

“EnerVest Management”
is defined in the preamble.

 

“EVOC”
is defined in the preamble.

 

“Excluded Services”
is defined in Section 2.1(e).

 

“Existing Arrangements”
means all gathering, processing, fractionation, transportation, and/or marketing agreements to which Service Provider (or any Affiliate
of Service Provider) or Owner is a party and to which Hydrocarbon production from the Assets is subject.

 

“Extraordinary
Expenses” means those reasonable and documented extraordinary expenses, not covered by the Services Fee, that were
incurred by Service Provider.

 

    
Annex A

     

    

 

“Force Majeure
Event” means any event not reasonably within the control of the Party claiming the force majeure, including the following
to the extent such events are not reasonably within the control of the Party claiming the force majeure: act of God, act of the
public enemy, war, blockade, public riot, act of terrorism, lightning, fire, storm, flood or other act of nature, explosion, governmental
action (including changes in Laws, regulations or policies with the effect of Law or, in each case, the enforcement thereof), and
governmental delay or restraint (including with respect to the issuance of permits); provided, however, that a “Force Majeure
Event” shall not include lack of financing or funds.

 

“Forward Commodity
Prices” means the forward NYMEX prices for WTI and Henry Hub as far into the future as available. If available time
periods differ for each commodity, then the price for the years not available for the commodity with the shorter time period will
increase for such years at a rate of 1% per annum over the prior year until the end of the forward curve for the longer quoted
commodity. Thereafter, prices for both WTI and Henry Hub will be held flat. NGL prices will be based on the product of the NGL
Ratio and the NYMEX price for WTI for the applicable year.

 

“GAAP”
means United States generally accepted accounting principles.

 

“Governmental
Authority” means any federal, state, local, municipal, tribal or other government; any governmental, regulatory or
administrative agency, commission, body or other authority exercising or entitled to exercise any administrative, executive, judicial,
legislative, regulatory or taxing authority or power; and any court or governmental tribunal, including any tribal authority having
or asserting jurisdiction.

 

“Hydrocarbons”
means oil, gas, condensate and other gaseous and liquid hydrocarbons or any combination thereof.

 

“Initial Term”
is defined in Section 4.1.

 

“Key Persons”
means the employees listed on Schedule 1-A and includes any replacements of any Key Persons made in accordance with Section
2.5.

 

“Laws”
means any applicable constitution, decree, resolution, law, statute, act, ordinance, rule, directive, order, treaty, code or regulation
and any injunction or final non-appealable judgment or any interpretation of the foregoing, as enacted, issued or promulgated by
any Governmental Authority.

 

“Liabilities”
means any and all (a) claims, including those for property damage, pollution (including response costs, remediation costs, environmental
damage and damages to natural resources), bodily injury, personal injury, illness, disease, maintenance, cure, loss of parental
or spousal consortium, wrongful death, loss of support, death, wrongful termination of employment, wages, compensation, benefits,
discrimination, retaliation, and (b) damages, liabilities, losses, demands, liens, Encumbrances, fines, penalties, causes of action
of any kind (including actions in rem or in personam), obligations, costs, judgments, interest and awards (including payment of
attorneys’ fees and costs of litigation and investigation costs) and amounts, of any kind or character, (in each case) whether
arising in connection with judicial proceedings, administrative proceedings or otherwise.

 

    
Annex A

     

    

  

“LTIP”
means any cash long-term incentive plan of Service Provider in effect as of the Effective Date.

 

“Material HSE
Event” means (i) any material violation of any Law relating to health, safety, or the environment, or any material
spill or release of oil or other hazardous materials that results in Owner or Service Provider incurring a material remediation
obligation, in each case that occurs during the performance of the Services as a result of the activities of Service Provider or
any contractor retained by Service Provider for the performance of the Services or (ii) any fatal accident involving any employee
of Service Provider or any contractor retained by Service Provider for the performance of the Services that occurs during the performance
of the Services as a result of the activities of Service Provider or any contractor retained by Service Provider for the performance
of the Services. For purposes of clause (i) of this definition “material” means any occurrence that results in fines
or Liabilities in excess of $2 million in the aggregate or otherwise materially and adversely affects the business of the Owner
Group in connection with the Assets.

 

“MIP”
means any management incentive plan of Owner.

 

“Monroe Field
Assets” means the oil and natural gas properties of the Owner located in the Monroe Field in Northern Louisiana.

 

“Monthly Statement”
is defined in Section 3.4(a).

 

“NGL Ratio”
means the ratio of (i) the weighted-average of 1-year forward Mt. Belvieu pricing for Ethane, Non-Tet Propane, Iso-Butane, Normal
Butane and Natural Gasoline based on each of its representative volumetric proportions in the Owner’s average NGL barrel,
to (ii) the price of a NYMEX WTI barrel for the same time period.

 

“Non-Operated
Assets” means those Assets that are not Operated Assets.

 

“Oil and Gas
Interest” means any oil and gas lease or oil, gas and mineral lease and any interests in such leases (including leasehold
interests, royalty and overriding royalty interests and production payments), any mineral fee interests and any other mineral or
royalty interests, any wells or future wells located on a gas or mineral lease, and any oil, gas or mineral unitization, pooling,
operating or communitization contracts, declarations or orders, and any interests in the units created thereby.

 

“Omnibus Agreement”
means that certain Omnibus Agreement dated September 29, 2006, by and between Service Provider, EV Energy Partners, LP,
and EV Properties, L.P., as amended from time to time.

 

“Operated Assets”
means those Assets that are operated by or on behalf of Owner.

 

“Operating
Agreements” means the joint operating agreements, unit operating agreements and similar operating agreements burdening
or relating to the Assets.

 

“Owner”
is defined in the preamble.

 

    
Annex A

     

    

  

“Owner Group”
means Owner and each Subsidiaries of Owner.

 

“Owner Group
Costs” is defined in Section 3.5.

 

“Owner Indemnified
Parties” means the Owner and its Affiliates and its and their contractors and subcontractors (other than Service
Provider), and its and their employees, officers, directors, shareholders, partners, owners, members, managers, agents and representatives.

 

“Owner Records
and Data” is defined in Section 3.6(a).

 

“Party”
and “Parties” are defined in the preamble.

 

“Performance
Termination” is defined in Section 4.2(c).

 

“Permitted
Encumbrances” means (a) any Encumbrance for taxes that is not yet due and payable, (b) any Encumbrance in favor of
vendors, carriers, warehousemen, repairmen, mechanics, workmen, materialmen, construction or similar Encumbrance arising by operation
of law or in the ordinary course of business that does not, individually or in the aggregate, materially impair the use and enjoyment
of any material Asset of the Owner Group and (c) any zoning, building code, land use, planning, entitlement or similar Law or regulation
imposed by any Governmental Authority that does not, individually or in the aggregate, materially impair the use and enjoyment
of any material Asset of the Owner Group.

 

“Person”
means any individual, firm, corporation, partnership, limited liability company, joint venture, association, trust, unincorporated
organization, Governmental Authority or any other entity.

 

“Prior Obligations”
means any obligation of the Owner to make payments to, or for the benefit of, Service Provider dated any date prior to the Effective
Date that, (i) prior to the Effective Date, is subject to a separate written agreement or amendment to such agreement between the
Owner Group and Service Provider, or (ii) following the Effective Date, is approved by the board of directors of the Owner within
45 days.

 

“Reasonable
and Prudent Service Provider” is defined in Section 2.9.

 

“Records”
means (i) all files, books, records, and accounts in Service Provider’s possession or to which Service Provider has access
in any way relating to the Assets, including, without limitation, all such files, records, books, and accounts maintained in computer-sensible
form, whether on magnetic tape, disks, or other storage media, together with the computer software and programs required to enter,
delete, read, manipulate, revise, append, transfer, communicate, and/or print data therein, and including, without limitation,
all title and contract files, legal files, well files, accounting records, billings, invoices, statements, receipts, logs, tank
tables, daily gauge and run tickets, logs, seismological sections, correspondence, interpretations, reserve reports and other reports,
and other data, information, and instruments in any way relating to the Assets; and (ii) all data and information contained
in any of the records, books, accounts, files, and/or materials described above.

 

    
Annex A

     

    

 

“Relevant Data”
means (i) the year-end Service Provider overhead budget, including, to the extent not included in such overhead budget, any amounts
vesting and payable during such Calendar Year during the Initial Term following the 2018 Term or any Renewal Term, as applicable,
under the Service Provider LTIP in accordance with the terms and conditions thereof, but excluding expenses solely related to Service
Provider’s non-Owner activities and any amounts vesting and payable during such Calendar Year during the Initial Term following
the 2018 Term or any Renewal Term, as applicable, under the Service Provider LTIP in accordance with the terms and conditions thereof
related to Service Provider’s non-Owner related employees, (ii) any amounts vesting and payable during such Calendar Year
during the Initial Term following the 2018 Term or any Renewal Term, as applicable, under the Owner MIP in accordance with the
terms and conditions thereof related to Service Provider’s Owner related employees, which amount shall be determined based
on a methodology to be mutually agreed upon by the Parties, (iii) year-end 2P Reserves, (iv) year-end 2P PV-10, (v) projected current
year production, (vi) Well Count, (vii) projected current year capital expenditures and (viii) the Service Provider overhead employee
estimated percentage time devoted to Owner matters.

 

“Renewal Term”
is defined in Section 4.1.

 

“Representatives”
is defined in Section 10.15(a)(i).

 

“Reserve Report”
means a report prepared by the Owner’s reserve engineers, dated January 1 of the applicable year, of the oil and gas reserves
attributable to the Owner or other Service Provider Group entity as applicable, together with a projection of production and future
net income, production taxes, operating expenses and capital expenditures based on a 10-day average of Forward Commodity Prices
immediately prior to January 1 of the applicable year. Operating expenses are assumed to escalate at a rate of 1% per annum.

 

“SEC”
means the United States Securities and Exchange Commission.

 

“Service Provider”
is defined in the preamble.

 

“Service Provider
Group” means Service Provider and its Subsidiaries and Affiliates, other than any Subsidiary constituting part of
the Owner Group.

 

“Service Provider
Indemnified Parties” means the Service Provider and its Affiliates and its and their contractors and subcontractors,
and its and their employees, officers, directors, shareholders, partners, owners, members, managers, agents and representatives.

 

“Services”
is defined in Section 2.1(a).

 

“Services Fee”
is defined in Section 3.1(b).

 

“Services Rate
Cap” means the most recently published COPAS Overhead Adjustment Factor as published by the Council of Petroleum
Accountants Societies, plus 2%.

 

“Stub Period”
is defined in Section 3.1(a).

 

    
Annex A

     

    

 

“Subsidiary”
means, with respect to any Person, (a) a corporation of which more than 50% of the voting power of shares entitled (without regard
to the occurrence of any contingency) to vote in the election of directors or other governing body of such corporation is owned,
directly or indirectly, at the date of determination, by such Person, by one or more Subsidiaries of such Person or a combination
thereof, (b) a partnership (whether general or limited) in which such Person or a Subsidiary of such Person is, at the date of
determination, a general or limited partner of such partnership, but only if more than 50% of the partnership interests of such
partnership (considering all of the partnership interests of the partnership as a single class) is owned, directly or indirectly,
at the date of determination, by such Person, by one or more Subsidiaries of such Person, or a combination thereof, or (c) any
other Person (other than a corporation or a partnership) in which such Person, one or more Subsidiaries of such Person, or a combination
thereof, directly or indirectly, at the date of determination, has (i) at least a majority ownership interest or (ii) the power
to elect or direct the election of a majority of the directors or other governing body of such Person.

 

“Term”
is defined in Section 4.1.

 

“Termination
Effective Date” means the date on which this Agreement terminates in accordance with Section 4.1 or Section
4.2.

 

“Third Party”
means a Person other than Service Provider and its Affiliates and any Person in the Owner Group.

 

“Transition
Services Period” is defined in Section 4.4.

 

“Voting
Securities” means securities of any class of Person entitling the holders thereof to vote in the election of,
or to appoint, members of the board of directors or other similar governing body of the Person.

 

“Well Count”
means the well count set forth in the most recent Reserve Report calculated as follows: each well in which a member of the Owner
Group holds an interest exclusive of the members of the Service Provider Group and each well in which a member of the Service Provider
Group holds an interest exclusive of the members of the Owner Group shall be counted on a gross basis. Each well in which a member
of the Owner Group and one or more members of the Service Provider Group own an interest shall be counted as a fractional well
based on the relative ownership of the members of the Owner Group and the members of the Service Provider Group. For example, if
the Owner Group owns a 25% interest, the Service Provider Group owns a 50% interest and a Third Party owns a 25% interest in a
well, then the amount calculated pursuant to the foregoing sentence for the Owner Group shall equal 0.33 and the amount calculated
pursuant to the foregoing sentence for the Service Provider Group shall equal 0.67.

 

    
Annex A

     

    

 

EXHIBIT A

 

SERVICES

 

The “Services”
to be provided by Service Provider in accordance with the terms and conditions of the Agreement shall include:

 

Management.
Administer and manage the Assets and advise Owner concerning operation, maintenance, administration, management, exploration, development,
production, and marketing with respect to the Assets. Service Provider shall provide the following services in respect of the management
of the Assets as may be requested by Owner: (a) recommending to Owner and, at Owner’s direction, taking actions determined
to be necessary to cause Owner to satisfy its obligations under applicable Law and permits and the Development Plan and Budget,
(b) making recommendations to Owner, and at Owner’s direction, taking action relating to the development or improvement of
the Owner’s operations and maintenance (including major maintenance) of its Assets, (c) the management and administration
of the Applicable Contracts and liaising with any Person that is party to a material Applicable Contract with the Owner and (d)
complying with the agreements to which Service Provider is a party with respect to the Assets. Subject to the limitations contained
in this Agreement and as otherwise instructed at any time and from time-to-time by Owner, Service Provider shall act on Owner’s
behalf of as operator of the Operated Assets, and shall act on Owner’s behalf as a non-operator of the Non-Operated Assets.

 

Development Plans
and Budgets.

 

(a)          Prepare
annually for Owner’s review, revise, and submit for Owner’s approval Development Plans
and Budgets (and amendments and modifications to previously approved Development Plans and
Budgets), and consulting with Owner as to such proposed development plans and budgets
(or amendments and modifications thereto), including any amendments or modifications reasonably
necessary following Owner’s acquisition of additional Oil
and Gas Interests.

 

(b)          Implement
the Development Plan and Budget by assisting Owner with
(i) entering into Contracts and other obligations
in accordance with the Development Plan and Budget and any other contract as approved by
Owner; (ii) making expenditures for supplies, materials,
tools and equipment and contracting for services associated with the Assets
and in accordance with the Development Plan and Budget; (iii)
contracting for all services associated with title review, obtaining environmental
and other permits, surface preparation and the drilling, completion and physical operation of the Assets,
in each case, in accordance with the Development Plan and Budget; and (iv)
performing all actions necessary or appropriate to develop, engineer, manage, supervise, operate, maintain and repair the
Assets, in each case, in accordance with the Development
Plan and Budget.

 

Liens. Service
Provider shall assist Owner in keeping the Assets free and clear of all Encumbrances, other than Permitted Encumbrances.

 

    Exhibit A

     

    

  

Lease Maintenance.
Administer and maintain all Hydrocarbon leases, Division and Transfer Orders and other relevant land records, and Applicable Contracts.

 

Receipt of Notices
and other Communications. On behalf of Owner and in accordance with good operating procedures, receive, review, categorize,
classify, organize, record, file and maintain as Owner Records and Data all notices, correspondence, reports, instruments, writings,
agreements, documents, claims, assertions, demands, records, invoices, and other communications received by Service Provider from
all operators, co-owners, purchasers under any sales contract, Governmental Authorities and other parties; on routine matters,
respond to the foregoing on behalf of Owner, as appropriate.

 

Furnish Copies of
Notices and other Communications. Promptly following receipt by Service Provider, furnish to Owner a copy of any notice,
correspondence, report, instrument, writing, agreement, document, assertion, record, demand, claim, petition or other filing from
any legal proceeding relating to the Assets. Upon request from Owner, promptly following receipt by Service Provider, furnish to
Owner copies of the following materials: proposals to drill, deepen, rework, complete, recomplete, core, log, test, treat, plug
back, sidetrack, equip, or abandon any well, including a new well; any other proposal accompanied by an authorization for expenditure
not included in the Development Plan and Budget; any proposed or revised division order or transfer order affecting production
attributable to the Assets; any communication (such as notices of price redeterminations) that relates to potential or actual reductions
in takes or in the prices or revenues received or to be received by Owner under any contract for the sale of oil, gas, or other
hydrocarbons or substances; and notice of any well blowout, loss of life, material property damage, or other material loss or Emergency
affecting the Assets.

 

Recommendations.
On any matter proposed by any Person under any applicable Operating Agreement or otherwise requiring the expenditure, net to the
Owner’s interest in the Assets not included in the Development Plan and Budget and requiring Owner’s consent, approval,
participation, or election pursuant to an Operating Agreement, promptly following receipt by Service Provider, furnish Owner with
(a) a copy of such proposal, together with all authorizations for expenditure and other supporting material, and (b) a statement
of Service Provider’s recommendation on such matter. Service Provider shall follow Owner’s direction with respect to
any such decision.

 

Communication.
Upon reasonable notice, attend meetings and otherwise communicate for and on behalf of Owner with operators, purchasers of production,
and other parties. On routine matters and other matters on which this Agreement permits Service Provider to exercise its discretion,
Service Provider shall exercise its discretion on behalf of Owner in making such communications. On other matters and matters involving
Emergencies, Service Provider shall act in accordance with the instructions of Owner and shall, in no case, make any financial
commitment on behalf of Owner except as provided herein or except with express instructions from Owner to do so.

 

Routine Operations.
Service Provider shall act for and on behalf of Owner with respect to routine day-to-day administration and management of the Assets.

 

    Exhibit A

     

    

  

Technical Advice.
Upon request, furnish qualified geologists, geophysicists, and petroleum engineers currently on Service Provider’s staff
or Third Party consultants to evaluate and analyze the results of any drilling, testing, logging, or other operations on any lands
constituting part of the Assets or pooled, unitized, or communitized with such land, advise Owner with respect thereto, and recommend
for or against other operations based thereon.

 

Regulatory Compliance.
Prepare, apply for, submit, file, receive, hold, use, abandon, and/or relinquish, as appropriate, all routine, non-tax registrations,
permits, reports, statements, certificates, applications, and filings with Governmental Authorities and other Persons that are
contemplated by, or are required in connection with, the activities described in the Development Plan and Budget or are required
by applicable law, rules, regulations, or ordinances, in connection with the Assets, including, without limitation, drilling permits,
and production reports. In the case of any of the foregoing activities that must be performed by Owner directly, Service Provider
shall notify Owner of such obligation and assist Owner in such performance.

 

Marketing.
Upon the request of Owner, assist Owner in producing, treating, storing, transporting, and marketing production attributable to
any Asset, and collecting the proceeds thereof, including balancing receivables; solicit, negotiate, and receive offers to purchase
such production; recommend acceptance or rejection of such offers; furnish to Owner following receipt by Service Provider proposed
purchase contracts and division or transfer orders for execution; recommend actions with respect to production, treatment, storage,
and transportation of such production; and carry out Owner’s instructions with respect to the foregoing.

 

Contracts.
In each case, in accordance with the terms and conditions of this Agreement, including Section 2.3, (i) negotiate, execute,
modify, administer, and extend Contracts on behalf of Owner; and (ii) maintain and materially comply with (to the extent within
the control of Service Provider), on behalf of Owner, all Contracts that (1) are entered into by Owner, if such Contract has been
provided to Service Provider, and (2) relate to the Assets or to Service Provider’s fulfillment of its obligations under
Section 2.1.

 

Maintenance of Records,
Etc. Preserve, protect, and maintain as Owner Records and Data the Records in accordance with best industry practice; promptly
and routinely enter and/or deposit in the Records all documents, billings, invoices, statements, receipts, logs, tank tables, daily
gauge and run tickets, logs, seismological sections, correspondence, interpretations, reserve reports and other reports, and other
data, information, and instruments in any way relating to the Assets as they are received by or become available to Service Provider;
on request by Owner, prepare and deliver to Owner at Owner’s expense copies of all or any information, data, or materials
in the Records and pertaining to the Assets; on expiration or termination of this Agreement, deliver to Owner at Service Provider’s
sole expense the original Records. For the avoidance of doubt, such Records shall also include (a) copies of all logs and surveys
furnished by the operators of the Assets; (b) regular drilling, workover or similar operations reports furnished by the operators
of Assets; (c) copies of all plugging reports; (d) copies of all geological and geophysical maps and reports; (e) well tests, completion
and similar operations reports furnished by the operator(s) of Owner’s Assets; (f) if prepared, engineering studies, development
schedules and annual progress reports on development projects; (g) field and well performance reports, including reservoir studies
and reserve estimates; (h) lease documents, contracts, agreements, title instruments and title files; and (i) such additional information
as request would be maintained by a reasonably prudent operator.

 

    Exhibit A

     

    

  

Consultants.
Recommend the engagement of such geologists, geophysicists, engineers, landmen, attorneys, and other professional consultants and
contractors as Service Provider reasonably deems necessary or advisable to (1) protect or further Owner’s interest and/or
(2) comply with Service Provider’s obligations under this Agreement, on approval by Owner, engage such consultants and contractors
at Owner’s expense (to the extent such costs are not included in the most recent Service Provider overhead budget) and direct
their activities in accordance with Owner’s instructions.

 

Information.
Use its best efforts to inform Owner regularly about the status of all undertakings under this Agreement; furnish to Owner any
data, maps, records, files, and other information as Owner may from time to time reasonably request with respect to the Assets;
on reasonable advance notice, make available the employees, subcontractors or agents of Service Provider to consult with Owner
or Owner’s Representatives in periodic meetings or otherwise; and, on request, prepare and deliver to Owner such financial,
technical, or other reports pertaining to the Assets as Owner may reasonably request, including, without limitation, well-by-well
reports of production, provided such information is available to Service Provider.

 

Examination of Title.
In accordance with the instructions of Owner, undertake to obtain title opinions from qualified oil and gas title attorneys for
the Assets, and in the order of priority designated by Owner. Except to the extent such title examination is performed under an
Operating Agreement (in which case Owner shall be responsible for its proportionate share of costs as provided therein), Owner
shall reimburse Service Provider for all costs of obtaining such title opinions as attributable to the Assets.

 

Other Opportunities.
Service Provider shall advise Owner concerning, and keep Owner informed about, the operation, maintenance, leasing, administration,
management, development, production, and marketing with respect to Owner’s interest in the Assets, including without limitation,
to the best of its knowledge, proposals to lease, acquire, sell or otherwise dispose of some or all of the Assets and proposals
to lease, acquire, construct or expand facilities necessary or desirable for the operation of the Assets.

 

Tax and Accounting
Services. Service Provider shall (a) provide and oversee financial and tax reporting and cash management services, (b)
assist Owner in the preparation of all audited financials with respect to the Assets and the business of Owner, including conducting
or causing to be conducted financial reporting for SEC filings, including annual and quarterly reports, audits of financial records
and reports, and (c) perform such other accounting services as Owner may reasonably request.

 

IT Services.
Service Provider shall maintain information technology that is reasonably necessary to perform the Services including (a) the management
and maintenance of computer networks and databases and technology systems associated with the Assets and related financial records
and (b) the development and implementation of security policies and systems for the computer databases and technology systems holding
the data of Owner. Service Provider shall also provide to Owner Group information technology services sufficient for Owner Group
to properly manage its business.

 

    Exhibit A

     

    

  

Business Development.
If Owner elects to acquire or divest any Oil and Gas Interests, upon request by Owner, Service Provider shall, and shall cause
its officers and employees to, reasonably assist and cooperate with Owner and its Representatives in the evaluation and completion
of such acquisition or divestiture.

 

Disposition of Assets.
Upon request of Owner, Service Provider shall, and shall cause its officers and employees to, assist and cooperate with Owner and
its Representatives in connection with any direct or indirect asset sale, transfer, or other disposition pursued by Owner or any
of its Subsidiaries.

 

Technical Evaluation.
Service Provider shall provide technical, geological, petroleum engineering and related evaluations that are necessary or appropriate
to perform the Service and to evaluate proposed acquisitions of oil and gas properties by Owner.

 

Safety. Service
Provider shall maintain written health, safety and environmental policies, programs and systems covering operation of the Assets
that conform in all material respects with applicable industry standards, a copy of which will be provided Owner.

 

Releases.
Service Provider shall, upon instruction from Owner, report any spill or environmental release to the appropriate state or federal
regulatory agencies as required by Law.

 

Reports. Service
Provider shall prepare and deliver to Owner reports of the same type and in the same manner as were delivered to Owner during the
twelve (12) month period preceding the Effective Date, and such other reports as Owner Group may reasonably request from time to
time.

 

Financing and Financial
Reporting. Service Provider shall, and shall cause its officers and employees to, cooperate with the Owner Group and assist
in the preparation of Owner’s reporting obligations under the rules and regulations of the SEC (including the Securities
Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and including the preparation of management discussion
and analysis in Owner’s SEC filings) or stock exchange rules. Service Provider shall, and shall cause its officers and employees
to, cooperate with the independent auditors of Owner in connection with any of the foregoing.

 

Financing Assistance.
Service Provider shall, and shall cause its officers and employees to, cooperate with Owner and its Representatives in connection
with any direct or indirect debt or equity financing pursued by Owner or any of its Subsidiaries.

 

Office Space &
Supplies.  Service Provider shall provide the Owner with sufficient office space in its Houston headquarters as well
as reserved parking for its employees.  Additionally, the Service Provider shall provide the necessary equipment (including
computers, copiers, telephones, desks, chairs, etc.) and office supplies. All items shall be of the same quality and standard that
has been provided during the one-year period prior to the Effective Date.  

 

    Exhibit A

     

    

  

Human Resource Support.
Service Provider shall continue to provide the Owner with Human Resource support and participation in Service Provider’s
employee benefit plans (excluding any retirement plans), in the same manner that has been provided under the Omnibus Agreement
during the one-year period prior to the Effective Date.  However, Owner will be required to make its own accommodations for
Third Party payroll and related services, healthcare and other employee benefits and retirement plans starting on or before January
1, 2019.

 

Legal Services and
Joint Defenses. The Parties acknowledge that, as of the Effective Date, certain members of the Owner Group and the Service
Provider Group are parties to legal proceedings in which such Owner Group members and Service Provider Group members jointly own
interests in the assets subject to such proceedings and share a common interest in the proceedings. After the Effective Date, such
Owner Group and Service Provider Group members shall use commercially reasonable efforts to promptly enter into written joint defense
agreements with respect to such proceedings to govern the common defense and joint strategy and to preserve attorney-client, allied
litigant, and other applicable legal privileges. With respect to legal proceedings in which no member of Service Provider Group
is a party and for which Service Provider has provided legal services prior to the Effective Date, the Parties will cooperate after
the Effective Date to promptly transition the management of such proceedings to Owner or to enter into other appropriate arrangements
to preserve applicable legal privileges.

 

Other Duties.
Upon approval of Owner, do such other acts as are necessary or useful in carrying out the duties set forth above or enumerated
by any provision of this Agreement.

 

    Exhibit A

     

    

 

EXHIBIT B

 

ACTIONS REQUIRING OWNER GROUP APPROVAL

 

(a)          cause
or direct the Owner Group to enter into any Applicable Contract
(or make any modifications, amendments or extensions thereto) (i) with any Affiliate of
Service Provider or (ii) with any Third Party, to
the extent any such Third Party Applicable Contract is likely to result in annual obligations
of Owner in excess of $100,000
(net to Owner’s interest), in the aggregate;

 

(b)          incur
any indebtedness or borrowed money or encumber, hypothecate, mortgage, burden, or otherwise alter or impair the Assets, or do any
act (or attempt to do any act) that has the natural and foreseeable consequence of causing any of the foregoing;

 

(c)          sell,
assign, transfer, surrender or relinquish or farm out the Assets with a fair market value
reasonably estimated by Service Provider to exceed $100,000
(net to Owner’s interest) excluding (i) the sale of equipment no longer used or useful
in connection with the operation of the Assets so long as the Owner Group receives all of the proceeds
attributable thereto, (ii) the sale or marketing of Hydrocarbon production attributable to Assets
consistent with the terms of the Agreement and this Exhibit B, or (iii) acreage
trades;

 

(d)          purchase
or acquire for Owner’s account any additional interests of any kind in oil, gas or
other minerals for a cash purchase price in excess of $100,000
(net to Owner’s interest)

 

(e)          except
as expressly provided in the Development Plan and Budget (including any over expenditures that
may be allowed by this Agreement) or in connection with an Emergency, propose, conduct
or elect to participate in any operation reasonably expected to cost Owner in excess of
(i) $100,000 (net
to Owner’s interest) for any individual operation or (ii) $500,000
(net to Owner’s interest) in the aggregate for all operations proposed by Service
Provider;

 

(f)          except
in accordance with the Development Plan and Budget (including any over expenditures that may be
allowed by this Agreement) or in connection with an Emergency, approve any individual AFE or similar request under any Applicable
Contract (other than those required under the terms of any Applicable Contract) which would reasonably be estimated to require
expenditures in excess of (i) $100,000 (net to Owner’s interest) for any individual
operation or (ii) $500,000 (net
to Owner’s interest) in the aggregate for all related AFEs or similar requests;

 

(g)          make
any regulatory or other filings of any kind with any Governmental Authority that could reasonably
be expected to materially adversely affect the Owner Group’s ownership or use of,
and the ability to operate, the Assets, except as required by applicable Law;

 

(h)          commence
or settle any litigation or arbitration with respect to the Owner Group or the Assets;

 

(i)          make
any affirmative non-consent election with respect to the Assets relating to any individual operation requiring expenditures in
excess of $100,000 (net
to Owner’s interest);

 

    
Exhibit B

     

    

  

(j)          enter
into, modify or terminate any hedging obligations with respect to the Assets or Owner;

 

(k)          retain
external auditors, outside counsel, and investment bankers by Owner;

 

(l)          acquire
or license any seismic data for which the Owner Group bears all or a portion of the costs; or

 

(m)          commit
to do any of the foregoing.

 

    
Exhibit B

     

    

 

EXHIBIT C

 

INITIAL DEVELOPMENT PLAN AND BUDGET

 

    
Exhibit C

     

    

  

 

 

    
Exhibit D

     

    

  

EXHIBIT E

 

OWNER’S DELEGATION OF AUTHORITY

 

Delegation
of Authority

 

This
DELEGATION OF AUTHORITY (this “Delegation of Authority”) is made and issued as of [•],
2018 by the undersigned in connection with the performance of the transactions contemplated by that certain Services Agreement
(the “Services Agreement”), dated June 4, 2018, by and among EnerVest, Ltd., a Texas limited partnership
(“EnerVest Management”), EnerVest Operating, L.L.C., a Delaware limited liability company (“EVOC”
and together with EnerVest Management, “Service Provider”), and Harvest Oil & Gas Corp., a Delaware
corporation (“Owner”). All capitalized terms used but not defined herein shall have the respective meanings
ascribed to them in the Services Agreement.

 

WHEREAS, pursuant to the
Services Agreement, Owner, on the one hand, and Service Provider, on the other hand, agreed to have Service Provider perform the
Services (as defined in the Services Agreement) on behalf of Owner pursuant to and in accordance with the terms of the Services
Agreement; and

 

WHEREAS, pursuant to the
terms of Services Agreement, Owner has agreed to execute and deliver to Service Provider this Delegation of Authority.

 

NOW, THEREFORE, subject
to the limitations set forth in the Services Agreement, as applicable, Owner hereby constitutes and appoints Service Provider as
its true and lawful attorney with full power, in Owner's name and stead, on behalf of Owner:

 

(a)          to
perform the Services on behalf of Owner in order to implement and execute the Development Plan and Budget attached hereto as Exhibit
1;

 

(b)          to
cause Owner to enter into contracts in the ordinary course of business and execute such contracts on Owner's behalf as may be necessary
or desirable to implement and execute the Development Plan and Budget;

 

(c)          to
make such expenditures as may be necessary or desirable to implement and execute the Development Plan and Budget;

 

(d)          to
oversee performance of contractual obligations in order to implement and execute the Development Plan and Budget; and

 

(e)          to
do all other acts and things deemed by Service Provider in good faith to be necessary or desirable in connection with the performance
of the Services in order to implement and execute the Development Plan and Budget.

 

    
Exhibit E

     

    

  

This Delegation of Authority
shall terminate automatically upon the earlier of (i) the termination of the Services Agreement, or (ii) written notice by Owner.
No termination of this Delegation of Authority shall affect the rights, obligations or other provisions set forth in the Services
Agreement.

 

Third parties contracting
with Service Provider shall be authorized to rely upon this Delegation of Authority as evidence of Service Provider’s authority
to act on behalf of, and in the name of, Owner.

 

[Signature page follows]

 

    
Exhibit E

     

    

 

IN WITNESS WHEREOF, Owner
has executed and delivered this Delegation of Authority as of the date first written above.

 

	 	OWNER:
	 	 
	 	HARVEST OIL & GAS CORP.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

Signature
Page to Delegation of Authority

 

     

     

    

 

EXHIBIT
1

 

DEVELOPMENT PLAN

 

[See attached]

  

    Exhibit 1

     

    

 

SCHEDULE 1-A

 

KEY PERSONS

 

		1.	Barry Lay – Senior Vice President and General Manager

 

		2.	Ryan Flory – Senior Vice President and Chief Accounting
Officer

 

		3.	Michael Cheng – Senior Vice President, Finance
and Tax

 

		4.	Keri Johnson – Financial Reporting Manager

  

    Schedule 1-AExhibit 10.7

 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

 

This AMENDED AND RESTATED
EMPLOYMENT AGREEMENT (the “Agreement”)
is made effective as of the 4th day of June, 2018 (the “Effective
Date”) by and between Harvest Oil & Gas Corp., a Delaware corporation (hereafter the “Company”)
and Michael E. Mercer (“Employee”). The
Company and Employee are referred to herein individually as a “Party”
and together as the “Parties.”

 

RECITALS

 

WHEREAS, Employee
is currently employed by EV Management, LLC, pursuant to that certain Employment Agreement, effective as of November 17, 2017 (the
“Prior Agreement”);

 

WHEREAS, the Company
desires, for its success, to have the benefit of services of experienced management personnel like Employee and thus believes it
is in the best interest of the Company and its owners that Employee be reasonably secure in his employment and position with the
Company so that Employee can exercise independent judgment regarding the best interests of the Company and its owners without distraction
by uncertainties or risks regarding Employee’s employment with the Company that would be created by the possibility of Employee’s
termination by the Company without Cause (as defined below) (other than due to death or disability (as such term is defined under
Section 22(e)(3) of the Code) during the term of this Agreement;

 

WHEREAS, the Company
believes it is in its best interests to provide Employee with certain severance benefits in the event Employee’s employment
with the Company and any of its Affiliates (as defined below) is terminated without Cause by the Company (other than due to death
or disability), in order to induce Employee to provide employment services as described in this Agreement, and Employee desires
to provide employment services as described herein;

 

WHEREAS, Employee
agrees that the severance benefits referenced in this Agreement constitute a meaningful incentive for Employee to be reasonably
secure regarding Employee’s continued employment with the Company throughout the Employment Period (as defined below);

 

WHEREAS, effective
as of the Effective Date, the Parties hereto desire to amend and restate and supersede the Prior Agreement; and

 

WHEREAS, the Company
hereby agrees to employ Employee effective as of the Effective Date, and Employee hereby accepts such employment, on the terms
and conditions hereinafter set forth.

 

NOW, THEREFORE,
in consideration of the mutual promises set forth herein, and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Parties hereto agree as follows:

 

1.           Definitions.
In addition to the terms defined in the text of this Agreement, for all purposes of this Agreement, the following terms shall
have the meanings ascribed thereto in this Section 1:

 

    	 	 	 

     

    

 

(a)           “Affiliate”
of any specified Person means any other Person controlling, controlled by or under common control with such specified Person, where
“control” means the possession, directly or indirectly, of the power to direct the management and policies of such
specified Person whether through the ownership of voting securities, by contract or otherwise.

 

(b)           “Base
Salary” means Employee’s annual base salary, as specified in Section 3(a). For purposes of calculating
the Severance Payment described in Section 4(b), “Base
Salary” shall mean Employee’s then current Base Salary in effect as of the Employment Termination Date
(or, if Employee’s Base Salary was reduced within ninety (90) days prior to the Employment Termination Date without Employee’s
written consent, Employee’s annual Base Salary as in effect immediately prior to the date of such reduction).

 

(c)           “Board”
means the then-current Board of Directors of the Company.

 

(d)           “Business
Day” means any Monday through Friday, excluding any such day on which banks are authorized to be closed in
Texas.

 

(e)           “Cause”
means any of the following: (1) Employee’s conviction by a court of competent jurisdiction as to which no further appeal
can be taken of a felony or entering the plea of guilty or nolo contendere to any such felony by Employee; (2) the commission
by Employee of a demonstrable act of fraud, or a misappropriation of material funds or property, of or upon the Company or any
of its Affiliates; (3) the engagement by Employee, without the prior written approval of the Board or the Compensation Committee,
in any material activity which directly competes with the business of the Company or any of its Affiliates, or which would directly
result in a material injury to the business or reputation of the Company or any of its Affiliates; or (4) the repeated nonperformance
of Employee’s duties to the Company or any of its Affiliates (other than by reason of Employee’s illness or incapacity)
that continues after Notice (defined below) from the Board or the Compensation Committee to Employee of such nonperformance (which
Notice specifically identifies the manner and sets forth specific facts, circumstances and examples of which the Board or Compensation
Committee believes that Employee has not substantially performed duties hereunder) and Employee’s continued failure to remedy
such nonperformance.

 

(f)           “Code”
means the Internal Revenue Code of 1986, as amended.

 

(g)           “Compensation
Committee” means the Compensation Committee of the Board.

 

    	 	2	 

     

    

 

(h)           “Confidential
Information” means information (whether or not recorded in documentary form, or stored on any magnetic
or optical disk or memory) relating to the business, products, affairs and finances of the Company or any of its Affiliates for
the time being confidential to the Company or any of its Affiliates, and trade secrets including, without limitation, technical
data and know-how relating to the business of the Company or any of its Affiliates or any of their business contacts, including
in particular (by way of illustration only and without limitation): (i) information relating to the business of exploring, acquiring,
developing, exploiting and disposing of oil and natural gas resources (regardless of when conceived, made, developed or acquired);
(ii) information relating to the business or prospective business, current or projected plans or internal affairs of the Company
or any of its Affiliates; (iii) information relating to the current or prospective marketing or sales of any products or services
of the Company or any of its Affiliates, including non-public lists of customers’ and suppliers’ names, addresses and
contacts; sales targets and statistics; market share and pricing information; marketing surveys; research and reports; non-public
advertising and promotional material; strategies; and financial and sales data; (iv) information relating to any actual or prospective
business strategies of the Company or any of its Affiliates; (v) information relating to any actual acquisitions, investments or
corporate opportunities or prospective acquisition, investment targets or corporate opportunity; (vi) know-how, trade secrets,
unpublished information relating to the Company or any of its Affiliates’ intellectual property or to the creation, production
or supply of any products or services of the Company or any of its Affiliates; (vii) information to which the Company or any of
its Affiliates owes an obligation of confidence to a third party (including, without limitation, customers, clients, suppliers,
partners, investors, joint venturers and professional advisors of the Company or any of its Affiliates); and (viii) other commercial,
financial or technical information relating to the business or prospective business of the Company or any of its Affiliates, or
to any past, current or prospective client, customer, investor, supplier, licensee, officer or employee, agent of the Company or
any of its Affiliates, or any Person interested in the share capital or assets of the Company or any of its Affiliates, and any
other Person to whom the Company or any of its Affiliates may provide or from whom they may receive information (whether marked
confidential or not).

 

(i)           “Employment
Period” means from the beginning of the Initial Term (as defined below) of employment (and any extension thereof)
through Employee’s Employment Termination Date, subject to the provisions of Section 2(a).

 

(j)           “Employment
Termination Date” means the date that Employee’s employment with the Company, and all of its Affiliates,
if applicable, terminates for whatever reason. Notwithstanding anything contained herein to the contrary, the date on which such
a Separation from Service (as defined below) occurs shall be the “Employment
Termination Date” with respect to any payment of deferred compensation hereunder that is subject to, and not
exempt under, Code Section 409A.

 

(k)           “Exchange
Act” means the Securities Exchange Act of 1934, as amended from time to time.

 

    	 	3	 

     

    

 

(l)           “Good
Reason” means the occurrence of any of the following events (without Employee’s express written consent)
(1) a reduction of Employee’s Base Salary; (2) a material reduction in Employee’s authority, duties or responsibilities
of employment; (3) Employee’s primary place of employment is moved to a location greater than fifty (50) miles away from
its then current location; or (4) any other action or inaction that constitutes a material breach by the Company of the Agreement.

 

In the case of Employee’s
allegation of a Good Reason event, (i) Employee shall provide Notice to the Board or Compensation Committee of the event alleged
to constitute Good Reason within sixty (60) days of Employee’s knowledge of such event, and (ii) the Company shall have the
opportunity to remedy the alleged Good Reason event within thirty (30) days from receipt of Notice of such allegation (the “Cure
Period”). If the Company does not cure the circumstance giving rise to Good Reason prior to the end of the
Cure Period, the Employment Termination Date must occur within thirty (30) days following the end of the Cure Period in order for
such termination to be considered a termination for Good Reason.

 

(m)         “Notice”
means a written communication complying with Section 23 of the Agreement (“notify”
has the correlative meaning).

 

(n)          “Notice
of Termination” means a written Notice which (i) indicates the specific termination provision in the Agreement
that is being relied upon, (ii) to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to
provide a basis for the termination of Employee’s employment under the provision so indicated, and (iii) if the Employment
Termination Date is other than the date of receipt of such Notice, specifies the Employment Termination Date (which date, in the
case of a termination by Employee without Good Reason, shall be at least forty-five (45) days after the giving of such Notice).
Any termination of Employee’s employment whether by the Company or by Employee (other than due to death or disability) shall
be communicated by Notice of Termination to the other Party.

 

(o)           “Person”
means any individual, firm, corporation, partnership, limited liability company, trust, or other entity, including any successor
(by merger or otherwise) of such person or entity.

 

(p)           “Qualifying
Termination” means Employee’s Separation from Service during the Employment Period due to (1) a termination
of Employee’s employment by Employee for Good Reason; (2) a termination of Employee’s employment by the Company without
Cause; or (3) a non-renewal of this Agreement by the Company under Section 2(a). For purposes of clarity, a termination
of Employee’s employment due to Employee’s death or disability shall not be considered a “Qualifying
Termination.”

 

(q)           “Separation
from Service” means a termination of all services provided by Employee to the Company and its Affiliates,
whether voluntarily or involuntarily, as determined by the Company in accordance with the requirements of Code Section 409A.

 

    	 	4	 

     

    

 

(r)           “Specified
Employee” means a “specified employee,”
as such term is defined under Code Section 409A.

 

2.           Employment.

 

(a)          Employment
Period. Subject to the third sentence of this Section 2(a), Employee’s initial term of employment with the Company
under this Agreement shall be for the period from the Effective Date through June 4, 2019 (the “Initial
Term”). Thereafter, Employee’s term of employment shall be automatically extended repetitively for an
additional one (1) year period on June 5, 2019, and each one (1)-year anniversary thereof, unless Notice of Termination (pursuant
to Sections 1(n) and 5) is given by either the Company or Employee to the other Party at least sixty (60) days prior to
the end of the Initial Term or any one-year extension thereof, as applicable, that the Agreement will not be renewed for a successive
one-year period after the end of the Initial Term or the current one-year period, as applicable. Additionally, the Company and
Employee shall each have the right to give Notice of Termination to terminate Employee’s employment and this Agreement (including
during the Initial Term and any extension thereof) subject, however, to the terms and conditions of this Agreement, including with
respect to the rights and duties of the Parties following the Employment Termination Date; provided, however, that the Parties
agree that in the event of the death or disability of Employee, the Company will not be required to provide Notice of Termination
to terminate Employee’s employment and this Agreement and Employee’s employment and the Agreement will automatically
terminate upon Employee’s death or disability.

 

(b)          Employment.
Effective as of the Effective Date and continuing during the Employment Period, Employee’s employment by the Company shall
be subject to the terms and conditions of this Agreement.

 

(c)          Position.
As of the Effective Date and during the Employment Period, Employee will serve as President and Chief Executive Officer of the
Company.

 

(d)          Duties
and Services. During the Employment Period, Employee agrees to serve in the position(s) referred to in Section 2(c)
of this Agreement and to perform the duties and services appertaining to such offices, as well as such additional duties and services
appropriate to such offices upon which the Parties mutually may agree from time to time. Employee’s employment shall also
be subject to the policies maintained and established by the Company from time to time, as the same may be amended or otherwise
modified.

 

Employee shall at all times
use his best efforts to in good faith comply with United States and foreign laws applicable to Employee’s actions on behalf
of the Company and its Affiliates. Employee understands and agrees that he may be required to travel extensively at times for purposes
of the Company’s business.

 

    	 	5	 

     

    

 

(e)          Other
Interests. Employee agrees that, during the Employment Period, he will devote substantially all his business time to the business
and affairs of the Company and its Affiliates. The foregoing notwithstanding, the Parties recognize and agree that Employee may
engage in passive personal investments (such as real estate investments and rental properties) and other civic and charitable activities
(such as continued service on non-profit and/or educational boards) that do not materially conflict with the business and affairs
of the Company or materially interfere with Employee’s performance of his duties hereunder; provided, however, Employee agrees
that if the Compensation Committee determines in good faith that continued service with one or more civic or charitable entities
is inconsistent with Employee’s duties hereunder and gives written notice to Employee, he will promptly resign from each
such position.

 

3.           Compensation
and Benefits.

 

(a)          Base
Salary. During the Employment Period, Employee shall receive a minimum annual base salary of $400,000, which shall be prorated
for any period of less than 12 months. The Company shall review Employee’s Base Salary on an annual basis and may, in its
sole discretion, increase (but not decrease) the Base Salary, and thereafter references in this Agreement to “Base
Salary” shall refer to annual Base Salary as adjusted. The Base Salary shall be paid in equal installments
in accordance with the Company’s standard policy regarding payment of compensation to executives, but no less frequently
than monthly.

 

(b)          Reimbursement
of Business Expenses. During the Employment Period, subject to the Company’s standard policies and procedures with respect
to expense reimbursement as applied to its executives generally, the Company shall reimburse Employee for, or pay on behalf of
Employee, the reasonable and appropriate expenses incurred by Employee for business related purposes, including reasonable and
customary dues and fees to industry and professional organizations and costs of entertainment and business development.

 

(c)          Employee
and Executive Benefits Generally. Within a reasonable period of time following the Effective Date and during the Employment
Period, the Company shall (x) adopt a 401(k) and profit sharing plan (including company matching), and medical (including dental
and vision), accidental death and dismemberment insurance, short- and long-term disability, FSA benefits and life insurance plans
in which Employee will be eligible to participate and (y) provide parking and gym membership benefits, that are substantially similar
in the aggregate in terms of benefits and, for the avoidance of doubt, not cost (taking into account, for these purposes, the reduction
in the number of employees to be covered by such plans or benefits), to the 401(k) and profit sharing plan (including company matching),
medical (including dental and vision), accidental death and dismemberment insurance, short- and long-term disability, FSA benefits
and life insurance plans and parking and gym membership benefits provided to Employee as of immediately prior to the Effective
Date. Nothing herein shall be construed to prevent the Company (or other plan sponsor of any plan) from amending or terminating
any such plan or benefit at any time after the Initial Term, in its discretion, subject to the terms and conditions of the plan
or benefit, as applicable. During the Initial Term, the Company may amend or terminate any such plan or benefit at any time, subject
to the terms and conditions of the plan or benefit, as applicable, with Employee’s prior consent, which consent shall not
be unreasonably withheld, conditioned or delayed.

 

    	 	6	 

     

    

 

(d)          Paid
Time Off. During the Employment Period, Employee shall be entitled initially to 35 days of paid time off (“PTO”)
per calendar year, as accrued in accordance with the Company’s PTO policy, as in effect from time to time.

 

4.           Rights
and Payments Upon Termination. Employee’s right to compensation and benefits for periods after the Employment Termination
Date shall be determined in accordance with this Section 4, as follows:

 

(a)          Minimum
Payments. Employee shall be entitled to the following minimum payments under this Section 4(a), in addition to any other
payments or benefits to which he is entitled to receive under the terms of this Agreement or any employee benefit plan or program:

 

(1)           Employee’s
accrued and unpaid Base Salary through the Employment Termination Date;

 

(2)           Employee’s
accrued and unused PTO through the Employment Termination Date (subject to the terms and conditions of the PTO policy); and

 

(3)           reimbursement
of Employee’s reasonable business expenses that were incurred but unpaid as of the Employment Termination Date.

 

Such salary and accrued
vacation days shall be paid to Employee within the next applicable pay period following the Employment Termination Date in a cash
lump sum less all required payroll taxes and any other appropriate withholdings and deductions. Business expenses shall be reimbursed
in accordance with the Company’s normal policy and procedures.

 

(b)          Severance
Payment. Subject to the other provisions of this Agreement, if Employee incurs a Qualifying Termination and timely executes
and returns to the Company (and does not revoke) a release of claims in the form provided to Employee by the Company for such purpose
at the time of Employee’s Qualifying Termination (the “Release”),
as provided for in Section 15 of this Agreement,

 

    	 	7	 

     

    

 

(1)           the
Company shall pay Employee a lump sum cash payment equal to two (2) times the sum of (a) Employee’s Base Salary, and (b)
the target bonus amount, if any, established by the Compensation Committee Employee is eligible to receive under the Company’s
cash bonus program in effect as of the time of the Qualifying Termination, but not less than 100% of Employee’s Base Salary
(collectively, the “Severance Payment”),
less all required payroll taxes and any other appropriate withholdings and deductions, on the first payroll date immediately following
the date that the Release becomes effective. In the event that the period for signing, returning and revoking the Release spans
two (2) tax years, the payment will be paid in the second taxable year; and

 

(2)           the
Company shall, or shall use commercially reasonable efforts to cause the sponsor of the group health plan in which Employee participates
to, maintain continued group health plan coverage following the Employment Termination Date under all group health plans in which
Employee participates as of the Employment Termination Date that are subject to the Consolidated Omnibus Budget Reconciliation
Act of 1985, as amended (as codified in Code Section 4980B and Part 6 of Subtitle B of Title I of ERISA) (“COBRA”)
for Employee and Employee’s eligible spouse and dependents for the maximum period for which such qualified beneficiaries
are eligible to receive any such COBRA coverage in accordance with applicable law. However, Employee (and Employee’s spouse
and dependents) shall not be required to pay more for such COBRA coverage than is charged by the Company to its officers who are
then in active service for the Company and receiving coverage under such plan (or, if there are no officers in active service participating
in such plan during which COBRA coverage is provided under this Section 4(b)((2), then Employee shall not be required to pay more
for such COBRA coverage than the monthly premium rate as in effect as of the Employment Termination Date) and, therefore, the Company
shall be responsible for the difference between the amount charged hereunder and the full COBRA premiums; provided that if COBRA
coverage ceases during the period in which it is to be provided under this Section 4(b)(2) due to the Company liquidating and no
such plan being in existence (the “Liquidating Event”), the Company shall pay to Employee an amount equal
to the product of (x) the Company’s portion of the monthly premium rate in effect as of the Employment Termination Date and
(y) the number of full or partial months remaining in the eighteen (18) month period after the Employment Termination Date following
the occurrence of a Liquidating Event, payable in a lump sum within sixty (60) days following the occurrence of a Liquidating Event.
In all other respects, Employee (and Employee’s spouse and dependents) shall be treated the same as other COBRA qualified
beneficiaries under the terms of such plans and the provisions of COBRA. In the event of any change to a group health plan following
the Employment Termination Date, Employee and Employee’s spouse and dependents, as applicable, shall be treated consistently
with the then-current officers of the Company with respect to the terms and conditions of coverage and other substantive provisions
of the plan. Following the Employment Termination Date, Employee and Employee’s spouse hereby agree to acquire and maintain
any and all coverage that either or both of them are entitled to at any time during their lives under the Medicare program or any
similar program of the United States or any agency thereof. Employee and Employee’s spouse further agree to pay any required
premiums for Medicare coverage from their personal funds.

 

    	 	8	 

     

    

 

(c)           Limitation
on Severance Payment. For purposes of clarity, in the event of (i) resignation or other voluntary termination of Employee’s
employment by Employee without Good Reason, (ii) termination of Employee’s employment by the Company for Cause, (iii) non-renewal
of this Agreement by Employee under Section 2(a), or (iv) termination of Employee’s employment due to Employee’s death
or disability, the Company shall have no obligation to provide
the Severance Payment described in Section 4(b), except, solely with respect to any plan sponsored by the Company, to offer
COBRA coverage (to the extent required by COBRA) but not at the discounted rate described in Section 4(b)(2). Employee
shall still be entitled to receive the minimum payments provided under Section 4(a).

 

5.           Notice
of Termination. If the Company or Employee desires to terminate Employee’s employment hereunder at any time during,
as of, or prior to, expiration of the Employment Period, such Party shall do so by giving written Notice of Termination to the
other Party, provided that no such action shall alter or amend any other provisions hereof or rights arising hereunder. No further
renewals of Employee’s term of employment hereunder shall occur pursuant to Section 2(a) after the giving of such
Notice of Termination.

 

6.           No
Rights as an Owner. Employee shall not have any rights as an owner of the Company or any of its Affiliates as a result of
this Agreement, or as a result of any action taken (or omitted to be taken) by the Company or any of its Affiliates with respect
to this Agreement.

 

7.           Restrictive
Covenants. As an inducement to the Company to enter into this Agreement, Employee represents to, and covenants with or in
favor of, the Company that Employee will comply with all of the restrictive covenants set out in Sections 8 through 12
and Section 17, as a condition to the Company’s obligation to provide the Severance Payment and any other benefits
to Employee under the Agreement.

 

    	 	9	 

     

    

 

8.           Trade
Secrets.

 

(a)          Access
to Trade Secrets. As of the Effective Date and on an ongoing basis, the Company agrees to give Employee access to Trade
Secrets which Employee did not have access to, or knowledge of, before the Effective Date.

 

(b)          Access
to Specialized Training. As of the Effective Date and on an ongoing basis, the Company has provided, and agrees to provide
on an ongoing basis, Employee with Specialized Training which Employee does not have access to, or knowledge of, before the Effective
Date.

 

(c)          Agreement
Not to Use or Disclose Trade Secrets. In exchange for the Company’s promises to provide Employee with access to Trade
Secrets and Specialized Training and the other consideration provided to Employee under this Agreement, during and following Employee’s
employment by the Company or an Affiliate, Employee agrees not to disclose to any Person, or publish or use for any purpose, any
Trade Secrets, except as provided in Section 9(b) below, as required in the ordinary course of business of the Company or an Affiliate
or as authorized by the Board or Compensation Committee.

 

(d)          Definitions.
The following terms, when used in this Agreement, are defined below:

 

(1)           “Specialized
Training” includes the training the Company or an Affiliate provides to Employee that is unique to its business
and enhances Employee’s ability to perform Employee’s job duties effectively.

 

(2)           “Trade
Secrets” means any and all information and materials (in any form or medium) that are proprietary to the Company
or an Affiliate, or are treated as confidential by the Company or Affiliate as part of, or relating to, all or any portion of its
or their business, including information and materials about the products and services offered, or the needs of customers served,
by the Company or Affiliate; compilations of information, records and specifications, properties, processes, programs, and systems
of the Company or Affiliate; research of or for the Company or Affiliate; and methods of doing business of the Company or Affiliate.
Trade Secrets include, without limitation, all of the Company’s or Affiliate’s technical and business information,
whether patentable or not, which is of a confidential, trade secret or proprietary character, and which is either developed by
Employee alone, with others or by others; lists of customers; identity of customers; contract terms; bidding information and strategies;
pricing methods or information; computer software; computer software methods and documentation; hardware; the Company’s or
Affiliate’s methods of operation; the procedures, forms and techniques used in servicing accounts; and other documents, information
or data that the Company requires to be maintained in confidence for the business success of the Company or any Affiliate.

 

    	 	10	 

     

    

 

9.           Confidential
Information.

 

(a)          Confidential
Information Defined. For purposes of this Section 9, the term “Company”
shall include the Company and its Affiliates. During the course of Employee’s employment with the Company, the Company will
(1) disclose or entrust to Employee, and provide Employee with access to, Confidential Information, (2) place Employee in a position
to develop business goodwill belonging to the Company, and (3) disclose or entrust to Employee business opportunities to be developed
for the Company.

 

(b)          Protection
of Confidential Information.

 

(1)           Employee
acknowledges that Confidential Information has been and will be developed or acquired by the Company or an Affiliate through the
expenditure of substantial time, effort and money and provides the Company or an Affiliate with an advantage over competitors who
do not know or use the Confidential Information. Employee further acknowledges and agrees that the nature of the Confidential Information
obtained during Employee’s employment would make it difficult, if not impossible, for Employee to perform in a similar capacity
for a business competitive with the Company or an Affiliate without disclosing or utilizing Confidential Information.

 

(2)           During
and following Employee’s employment by the Company or an Affiliate, Employee shall hold in confidence and not directly or
indirectly disclose except in the course of performance of his duties for the Company or an Affiliate, use, copy or make lists
of any Confidential Information, except to the extent necessary to carry out Employee’s duties on behalf of the Company or
an Affiliate. Subject to Section 9(b)(4), below, if Employee receives a subpoena, document request, information request, discovery
request, court order, or other legal process (collectively, “Process”) that would or may require disclosure
of Confidential Information, while employed by the Company or thereafter, Employee will (x) give prompt written notice to the Company,
along with a copy of such Process and a copy of all documents and information in the Participant’s possession, custody, or
control that Employee believes is responsive; (y) reasonably cooperate with the Company (at the Company’s expense) in any
lawful response as the Company may reasonably request, including in connection with the Company’s pursuit of an appropriate
protective order; and (z) unless advised by counsel otherwise, not make any disclosure until the Company has had a full opportunity
to respond to the Process, including by seeking an appropriate protective order.

 

    	 	11	 

     

    

 

(3)           This
confidentiality covenant shall be in addition to, and shall not waive, limit or restrict in any way, any confidentiality provisions
in any other confidentiality agreement or post-employment covenant between the Parties or otherwise.

 

(4)           Notwithstanding
anything herein to the contrary, in accordance with the Defend Trade Secrets Act, 18 U.S.C. § 1833(b), and other applicable
law, nothing in this Agreement, the Release, or any other agreement or policy shall prevent Employee from, or expose Employee to
criminal or civil liability under federal or state trade secret law for, (x) directly or indirectly sharing any trade secrets of
the Company or any of its subsidiaries or affiliates or other Confidential Information (except information protected by the attorney-client
or work product privilege) with an attorney or with any federal, state, or local government agencies, regulators, or officials,
for the purpose of investigating or reporting a suspected violation of law, whether in response to a subpoena or otherwise, without
notice to the Company, or (y) disclosing the trade secrets of the Company or any of its subsidiaries or affiliates in a filing
in connection with a legal claim, provided that the filing is made under seal. Further, nothing herein shall prevent Employee from
discussing or disclosing information related to Employee’s general job duties or responsibilities and/or to employee compensation.

 

10.          Duty
to Return Company Documents and Property. On or before the Employment Termination Date, Employee shall immediately return
and deliver to the Company any and all papers, books, records, documents, memoranda and manuals, e-mail, electronic or magnetic
recordings or data, including all copies thereof, belonging to the Company or an Affiliate or relating to their businesses, in
Employee’s possession, whether prepared by Employee or others. If at any time after the Employment Termination Date, Employee
determines that Employee has any Trade Secrets or Confidential Information in Employee’s possession or under his control,
Employee shall immediately return same to the Company, including all copies thereof.

 

All writings, records,
and other documents and things comprising, containing, describing, discussing, explaining, or evidencing any Confidential Information
or Trade Secrets, and all equipment, computers, mobile phones, components, manuals, parts, keys, tools, and the like in Employee’s
custody, possession or under his control that have been obtained by, prepared by, or provided to, Employee by the Company or any
Affiliate in the course or scope of Employee’s employment with the Company (or any Affiliate) shall be the exclusive property
of the Company (or such Affiliate, as applicable), shall not be copied and/or removed from the premises of the Company or any Affiliate,
except in pursuit of the business of the Company or an Affiliate, and shall be delivered to the Company or an Affiliate, as applicable,
without Employee retaining any copies or electronic versions, within one (1) day following the Employment Termination Date or at
any other time requested by the Company.

 

    	 	12	 

     

    

 

11.          Inventions
and Other Works. Any and all writings, computer software, inventions, improvements, processes, procedures and/or techniques
which Employee may make, conceive, discover, or develop, either solely or jointly with any other Person, at any time during employment,
whether at the request or upon the suggestion of the Company or an Affiliate or otherwise, which relate to or are useful in connection
with any business now or hereafter carried on or contemplated by the Company or an Affiliate, including developments or expansions
of its present fields of operations, shall be the sole and exclusive property of the Company or an Affiliate, as applicable. Employee
agrees to take any and all actions necessary or appropriate so that the Company or the Affiliate can prepare and present applications
for copyright or Letters Patent therefor, and secure such copyright or Letters Patent wherever possible, as well as reissue renewals,
and extensions thereof, and obtain the record title to such copyright or patents. Employee shall not be entitled to any additional
or special compensation or reimbursement regarding any such writings, computer software, inventions, improvements, processes,
procedures and techniques.

 

12.          Non-Solicitation
Restriction. While employed and for a period of twelve (12) months after the Employment Termination Date, Employee will not,
whether for his own account or for the account of any other Person (other than the Company or its Affiliates), intentionally solicit,
endeavor to entice away from the Company or its Affiliates, or otherwise interfere with the relationship of the Company or its
Affiliates with any Person who is employed by the Company or an Affiliate (including any independent consultants).

 

13.          Tolling.
If Employee violates any of the restrictions contained in Sections 8 through 12 or Section 17, then notwithstanding
any provision hereof to the contrary, the restricted period will be suspended and will not run in favor of Employee from the time
of the commencement of any such violation, unless and until such time when Employee cures the violation to the reasonable satisfaction
of the Board or the Compensation Committee.

 

14.          Reformation.
If a court rules that any time period, the geographic area or any other restriction specified in any restrictive covenant in Sections
8 through 12 or Section 17 is unenforceable, then the time period will be reduced by the number of months, or the geographic
area will be reduced by the elimination of such unenforceable portion, or the restriction will be otherwise modified so that the
restrictions may be reasonable and fully enforced in the geographic area and for the time to the full extent permitted by law.

 

15.          Release
Agreement. As a condition to the receipt of the Severance Payment under Section 4(b), Employee must first execute the
Release and return it to the Company. The Release shall be in substantially the same form as attached hereto as Exhibit A
(with any changes to such form as the Company may reasonably require, in its discretion, to reflect the circumstances relating
to the termination of Employee’s employment, any changes in applicable law or other legal authority, or any agreement by
the Company not to require a release with respect to one or more particular or potential claims). The Company shall deliver the
Release to Employee within five (5) Business Days after the Employment Termination Date. Employee must return the executed Release
within the twenty-one (21) or forty-five (45) day, whichever is applicable, period following the date of his receipt of the Release,
as applicable and stated in the Release. If the Release delivery, execution and non-revocation period spans two taxable years,
the Severance Payment will always be made in the second taxable year. The Company shall also execute the Release, after it has
been signed and returned by Employee, within three (3) Business Days after the end of the revocation period specified in the Release.
No Severance Payment shall be provided by the Company unless and until the Release has been executed and delivered to the Company
by Employee, has not been revoked, and is no longer subject to revocation by Employee. The Release shall not release any claim
or cause of action by or on behalf of Employee for (a) any payment or other benefit that is required under this Agreement prior
to the receipt of such benefit by or on behalf of Employee or (b) a breach of this Agreement by the Company.

 

    	 	13	 

     

    

 

16.          No
Additional Severance Payments. Employee acknowledges and agrees that he shall not be a participant in, and he hereby waives
any right to participate in, any severance pay plan (as the same may be amended from time to time) that generally covers employees
of the Company or an Affiliate such as to preclude duplicative severance pay benefits that are in addition to those provided to
Employee under the terms of this Agreement and, in such event, such other severance pay benefits shall not be provided to Employee.

 

17.          No
Disparaging Comments. Subject to Section 9(b) above, (x) Employee shall refrain from any criticisms or disparaging comments
about the Company, its direct and indirect subsidiaries and its and their directors, officers and owners and (y) the Company and
its direct and indirect subsidiaries and each of their directors and officers shall refrain from any criticisms or disparaging
comments about Employee; provided, however, that nothing in this Agreement shall apply to or restrict in any way the communication
of information to any governmental law enforcement agency by either Party that is required by compulsion of law or for internal
statements in the course of performance of his duties for the Company. A violation or threatened violation of this prohibition
may be enjoined by a court of competent jurisdiction. The rights under this provision are in addition to any and all rights and
remedies otherwise afforded by law to the Parties.

 

Employee acknowledges that
in executing this Agreement, he has knowingly, voluntarily, and intelligently waived any free speech, free association, free press
or First Amendment to the United States Constitution (including, without limitation, any counterpart or similar provision or right
under any other state constitution which may be deemed to apply) and rights to disclose, communicate, or publish disparaging information
or comments concerning or related to the Company, provided, however, nothing in this Agreement shall be deemed to prevent Employee
from testifying fully and truthfully in response to a subpoena from any court or from responding to an investigative inquiry from
any governmental agency.

 

18.          Tax
Withholding. The Company or its Affiliate shall withhold from any payments or benefits under this Agreement (whether or not
otherwise acknowledged under this Agreement) all federal, state, local, or other taxes that it is required to withhold.

 

19.          Employment
Status. Nothing in this Agreement provides Employee with any right to continued employment with the Company or any Affiliate,
or shall interfere with the right of the Company or an Affiliate to terminate Employee’s employment at any time subject
to their obligations under this Agreement.

 

    	 	14	 

     

    

 

20.          Company’s
Successor and Assignment. In addition to any obligations imposed by law upon any successor to the Company, this Agreement
shall be binding upon and inure to the benefit of the Company and any successor of the Company (whether direct or indirect, by
purchase, merger, consolidation or otherwise). The Company shall require any successor (whether direct or indirect, by purchase,
merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly
and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it
if no such succession had taken place. As used in this Agreement, “Company”
shall mean the Company, as previously defined, and any successor by operation of law or otherwise, and any successor to the business
and/or assets of the Company (as provided above) which assumes and agrees to perform this Agreement.

 

21.          Employee’s
Successor. This Agreement is personal to Employee and shall not be assigned by Employee. Any purported assignment by Employee
shall be null and void from the initial date of the purported assignment. If Employee should die after the occurrence of a Qualifying
Termination event, but before any payment or other benefit to which Employee is entitled to receive under this Agreement has been
fully received by Employee, all payments or other benefits which Employee would have been entitled to receive had he continued
to live shall be made or provided in accordance with the terms of this Agreement to Employee’s surviving lawful spouse,
if any, or if not, to his estate upon receipt by the Company of proper instructions regarding the lawful representative of such
estate.

 

22.          Restricted
Assignment. Except as expressly provided in Sections 20 and 21, this Agreement, and the rights and obligations of the
Parties hereunder, are personal in nature, and neither this Agreement, nor any right, benefit, or obligation of either Party hereto,
shall be subject to voluntary or involuntary assignment, alienation or transfer, whether by operation of law or otherwise, without
the prior written consent of the other Party. Any attempted assignment, transfer, or delegation in violation of the preceding
sentence shall be void and of no force or effect.

 

23.          Notice.
Each Notice or other communication required or permitted under this Agreement shall be in writing and transmitted or delivered
by personal delivery, prepaid courier or messenger service (whether overnight or same-day), prepaid telecopy or facsimile, or
prepaid certified United States mail (with return receipt requested), addressed (in any case) to the other Party at the address
for that Party set forth below that Party’s signature on this Agreement, or at such other address as the recipient has designated
by Notice to the other Party.

 

Each Notice or communication
so transmitted, delivered, or sent in person, by courier or messenger service, or by certified United States mail, shall be deemed
given, received, and effective on the date delivered to or refused by the intended recipient (with the return receipt, or the equivalent
record of the courier or messenger, being deemed conclusive evidence of delivery or refusal.) Nevertheless, if the date of delivery
is after 5:00 p.m. (local time of the recipient) on a Business Day, the Notice or other communication shall be deemed given, received
and effective on the next Business Day.

 

    	 	15	 

     

    

 

24.          Waiver
and Amendment. No term or condition of this Agreement shall be deemed waived other than by a writing signed by the Party against
whom or which enforcement of the waiver is sought. Without limiting the generality of the preceding sentence, a Party’s
failure to insist upon the other Party’s strict compliance with any provision of this Agreement or to assert any right that
a Party may have under this Agreement shall not be deemed a waiver of that provision or that right. Any written waiver shall operate
only as to the specific term or condition waived under the specific circumstances, and shall not constitute a waiver of that term
or condition for the future or a waiver of any other term or condition. No amendment, termination or other modification of this
Agreement shall be effective unless stated in a writing signed by the Parties.

 

25.          Severability
and Reformation. It is the desire of the Parties hereto that this Agreement be enforced to the maximum extent permitted by
law, and should any provision contained herein be held invalid or otherwise unenforceable by a court of competent jurisdiction,
the Parties hereby agree that such provision shall be reformed to create a valid and enforceable provision to the maximum extent
permitted by law; provided, however, if such provision cannot be reformed, it shall be deemed ineffective and deleted herefrom
without affecting any other provision of this Agreement which shall remain fully enforceable. This Agreement should be construed
by limiting and reducing it only to the minimum extent necessary to be enforceable under applicable law. Any such determination
or reformation shall not be binding on any court or other governmental authority not otherwise bound to follow such conclusions
under applicable law.

 

26.          Compliance
with Code Section 409A. Any provisions of the Agreement that are subject to Code Section 409A and the regulations and other
authority issued thereunder by the appropriate governmental entity (“Section
409A”) are intended to comply with all applicable requirements of Section 409A, or an exemption from the
application of Section 409A, and shall be interpreted and administered accordingly. Notwithstanding any provision of this Agreement
to the contrary, a termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement
providing for the payment of any amount or benefit that constitutes “non-qualified
deferred compensation” (within the meaning of Section 409A) upon or following a termination of Employee’s
employment unless such termination is also a Separation from Service and, for purposes of any such provision, references herein
to a “termination,” “termination
of employment” or like terms shall mean a Separation from Service.

 

Notwithstanding any provision
of this Agreement to the contrary, if any payment or other benefit provided herein would be subject to additional taxes and interest
under Section 409A because the timing of such payment is not delayed as required by Section 409A for a Specified Employee, then
if Employee is on the applicable date a Specified Employee, any such payment that Employee would otherwise be entitled to receive
during the first six months following his Separation from Service shall be accumulated and paid, within ten (10) days after the
date that is six months following the Employment Termination Date, or such earlier date upon which such amount can be paid under
Section 409A without being subject to such additional taxes and interest such as, for example, upon Employee’s death.

 

    	 	16	 

     

    

 

With respect to any amounts
or benefits that are subject to Section 409A, this Agreement shall in all respects be administered in accordance with Section 409A.
Each payment under this Agreement shall be treated as a separate payment for purposes of Section 409A. In no event may Employee,
directly or indirectly, designate the calendar year of any payment to be made under this Agreement.

 

All reimbursements and
in-kind benefits provided under this Agreement that constitute non-qualified deferred compensation (within the meaning of Section
409A) shall be made or provided in accordance with the requirements of Section 409A. Within the time period permitted by Section
409A, the Company may, in consultation with Employee, modify the Agreement in the least restrictive manner necessary and without
any diminution in the value of payments or other benefits to Employee hereunder, in order to avoid the imposition of accelerated
tax, additional tax and/or penalties on Employee under Section 409A.

 

Notwithstanding the foregoing,
the Company makes no representations, warranties, or guarantees regarding the tax treatment of this Agreement or the Severance
Payment under Section 409A or otherwise, and has advised Employee to obtain his own tax advisor regarding the tax consequences
of this Agreement.

 

27.          Cooperation.
Employee agrees that he will reasonably cooperate (taking into account his personal and professional schedule) in any litigation,
proceeding, investigation or inquiry in which the Company or any of its Affiliates may be or become involved. Employee also agrees
to reasonably cooperate with any internal investigation or inquiry conducted by or on behalf of the Company or any of its Affiliates.
Such cooperation shall include Employee making himself reasonably available (taking into account his personal and professional
schedule), upon the request of the Company or any of its Affiliates, or its counsel, for depositions, court appearances and interviews
by such counsel. The Company shall reimburse Employee for all reasonable and documented out-of-pocket expenses incurred by him
in connection with such cooperation. To the extent permitted by law, Employee agrees that he will notify the Board if he is contacted
by any government agency or any other Person contemplating or maintaining any claim or legal action against the Company or any
of its Affiliates or by any agent or attorney of such Person. Nothing contained in this Section 27 shall preclude Employee from
providing truthful testimony in response to a valid subpoena, court order, regulatory request or as may be required by law. For
the avoidance of doubt, this Section 27 is subject to the terms of Section 9(b) above. Payment for expenses to be reimbursed
under this Section 27 may not be made after December 31st of the year following the year in which the expense was incurred.

 

28.          No
Duties. Except to the extent required by any unwaiveable requirement under applicable law, no employee of the Company (and
none of its Affiliates) shall have any duties or liabilities, including without limitation any fiduciary duties, to Employee (or
any Person claiming by and through Employee) as a result of this Agreement or any claim arising hereunder. This Agreement does
not create, nor shall it be construed as creating, any principal and agent, trust, or other fiduciary duty or special relationship
running from the Company to Employee.

 

    	 	17	 

     

    

 

29.          No
Trust or Funding. The Company (and not any of its Affiliates) will be solely responsible for the payment of the Severance
Payment hereunder. This Agreement shall at all times be entirely unfunded and no provision shall at any time be made with respect
to segregating assets of the Company for payment of any Severance Payment or other benefit hereunder. This Agreement shall not
create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and Employee.
Neither Employee nor any other Person shall have any interest in any particular assets of the Company (or any of its Affiliates)
by reason of the right to receive any payment or other benefit under this Agreement. To the extent that Employee acquires a right
to receive any payment from the Company pursuant to this Agreement, such right shall be no greater than the right of any general
unsecured creditor of the Company.

 

30.          Controlling
Law; Arbitration; Enforcement. (a) This Agreement shall be governed by and construed under the laws of the State of Texas.

 

(b)           Arbitration.
Except as provided in Section 30(c) below, Employee and the Company irrevocably and unconditionally agree that any past, present,
or future dispute, controversy or claim arising under or relating to this Agreement; arising under any federal, state, local, or
foreign statute, regulation, law, ordinance, or the common law (including, but not limited to, any law governing discrimination,
harassment, or retaliation); or arising in connection with Employee’s employment or the termination thereof; involving Employee
on the one hand and the Company on the other hand, including both claims brought by Employee and claims brought against Employee,
shall be submitted for resolution to binding arbitration as provided herein; provided that nothing herein shall require arbitration
of a claim or charge which, by law, cannot be the subject of a compulsory arbitration agreement. Any such arbitration shall be
administered by the American Arbitration Association (“AAA”) in Harris County, Texas. Such arbitration
shall be conducted in accordance with the AAA Commercial Arbitration Rules, as modified herein; and shall be conducted by a single
arbitrator, who shall be a partner at an “AmLaw 200” law firm based in Harris County, Texas with experience in employment
disputes and the oil and gas industry. The arbitrator will apply Texas law, including federal statutory law as applied in Texas
courts, without giving effect to any choice of law or conflict of law rules or provisions. Except as set forth in Section 30(c)
below, the arbitrator, and not any federal, state, or local court or agency, shall have exclusive authority to resolve any dispute
relating to the interpretation, applicability, enforceability, and/or formation of this Agreement or the Release, including, but
not limited to, any dispute as to whether a particular claim is subject to arbitration hereunder and/or whether any part of this
Section 30(b) is void or voidable. The arbitral award shall be in writing, state the reasons for the award, and be final and binding
on the Parties. In agreeing to arbitrate such claims hereunder, Employee hereby recognizes and agrees that Employee is waiving
the right to a trial in court and/or by a jury. In the event of any court proceeding to challenge or enforce an arbitrator’s
award, the Company and Employee consent to the exclusive jurisdiction of the United States District Court for the Southern District
of Texas or a state district court of competent jurisdiction in Harris County, Texas; agree to exclusive venue in that jurisdiction;
and waive any claim that such jurisdiction is an inconvenient forum.

 

    	 	18	 

     

    

 

(c)           Enforcement.
The Company and Employee agree that the covenants contained in Sections 8 through 12 and Section 17 are reasonable under the circumstances
and that any breach of any of foregoing Sections would cause irreparable harm to the Company for which there is no adequate remedy
at law, such that the Company shall be permitted to obtain an injunction to enforce these provisions, as well as recovering any
other relief available in law or in equity. Thus, in addition to the Company’s right to arbitrate disputes hereunder, the
Company shall be entitled to obtain emergency equitable relief, including a temporary restraining order and/or preliminary injunction,
in aid of arbitration, from any state or federal court of competent jurisdiction, without first posting a bond or other security,
to restrain any such breach or threatened breach. Such relief shall be in addition to any and all other remedies available to the
Company against Employee for such breaches or threatened breaches. Upon the issuance (or denial) of an injunction, the underlying
merits of any dispute will be resolved in accordance with the arbitration provisions of Section 30(b) of this Agreement. The Participant
irrevocably consents to the jurisdiction of the United States District Court for the Southern District of Texas or a state district
court of competent jurisdiction in Harris County, Texas, in connection with any action for injunctive relief under this Section
30(c).

 

31.          Employee
Acknowledgment. Employee acknowledges that (a) he is knowledgeable and sophisticated as to business matters, including the
subject matter of this Agreement, (b) he has read this Agreement and understands its terms and conditions, (c) he has had ample
opportunity to discuss this Agreement with his legal counsel prior to execution, and (d) no strict rules of construction shall
apply for or against the drafter or any other Party. Employee represents that he is free to enter into this Agreement including,
without limitation, that he is not subject to any restrictive covenant that would conflict with his duties and covenants under
this Agreement.

 

32.          Survival
of Certain Provisions. Wherever appropriate to the intention of the Parties, the respective rights and obligations of the
Parties hereunder shall survive any termination or expiration of this Agreement. For the avoidance of doubt, surviving provisions
include Sections 7 through 17 herein.

 

33.          Entire
Agreement and Amendment. This Agreement constitutes the final and complete expression of agreement among the Parties with
respect to the subject matter hereof, and fully supersedes any and all prior agreements, understanding or representations between
the Company (or any current or former Affiliate) and Employee pertaining to or concerning the subject matter of this Agreement
(including, for the avoidance of doubt, the Prior Agreement). No oral statements or prior written material not specifically incorporated
in this Agreement shall be of any force and effect, and no changes in or additions to this Agreement shall be recognized, unless
incorporated in this Agreement by written amendment executed by both Parties, such amendment to become effective on the date stipulated
in it. Employee acknowledges and represents that he did not rely, and has not relied, on any communications, promises, statements,
inducements, or representations, oral or written, by the Company or any of its Affiliates in connection with this Agreement. Employee
confirms that he has relied solely and exclusively on Employee’s own judgment in entering into this Agreement, and he expressly
disclaims that he is owed any duty, including the duty of good faith and fair dealing, that is not expressly set forth in this
Agreement.

 

    	 	19	 

     

    

 

34.          Interpretive
Matters. In the interpretation of the Agreement, except where the context clearly otherwise requires:

 

(a)          “including”
or “include” does not denote or imply
any limitation;

 

(b)          “or”
has the inclusive meaning “and/or”;

 

(c)          the
singular includes the plural, and vice versa, and each gender includes each of the others;

 

(d)          captions
or headings are for reference purposes only, and they are not to be considered in interpreting the Agreement;

 

(e)           “Section”
refers to a Section of the Agreement, unless otherwise stated in the Agreement;

 

(f)           “month”
refers to a calendar month; and

 

(g)          a
reference to any statute, rule, or regulation includes any amendment thereto or any statute, rule, or regulation enacted or promulgated
in replacement thereof, as well as any regulation or other authority issued by the appropriate governmental entity under, or with
respect to, a statute.

 

35.          Counterparts.
This Agreement may be executed by the Parties in multiple counterparts, whether or not all signatories appear on these counterparts
(including via electronic signatures and exchange of PDF documents via email), each of which shall be deemed an original, but
all of which together shall constitute one and the same instrument.

 

[Signature page follows.]

 

    	 	20	 

     

    

 

IN WITNESS WHEREOF,
the Parties have executed and delivered this Agreement as of the Effective Date above first written above.

 

	 	EMPLOYEE:
	 	 	 
	 	Signature:	/s/ Michael Mercer
	 	Name:	Michael Mercer
	 	Date:	June 4, 2018

 

	 	Address for Notices:
	 	 	 
	 	 	1001 Fannin Street
	 	 	Suite 800
	 	 	Houston, TX 77002

 

    	 	 	 

     

    

 

	 	COMPANY:
	 	 	 
	 	By:	/s/ Nicholas Bobrowski
	 	Its:	President, Chief Financial Officer and Secretary
	 	Name:	Nicholas Bobrowski
	 	Date:	June 4, 2018

 

	 	Address for Notices:
	 	 	 
	 	 	1001 Fannin Street
	 	 	Suite 800
	 	 	Houston, TX 77002

 

[Exhibits A follows.]

 

    	 	 	 

     

    

 

EXHIBIT A

TO

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

CONFIDENTIAL RELEASE AGREEMENT

 

In consideration of the
Severance Payment and other consideration described in that certain Amended and Restated Employment Agreement dated as of June
4, 2018 (the “Employment Agreement”),
and as it may be amended thereafter, by and between Harvest Oil & Gas Corp. (the “Company”)
and Michael E. Mercer (the “Employee”),
this Release Agreement (this “Agreement”)
is made and entered into by the Company and Employee. The Company and Employee may be individually referred to herein as “Party”
and collectively as the “Parties.”

 

By signing this Agreement,
Employee and the Company hereby agree as follows:

 

		1.	Purpose. Terms used in this Agreement with initial capital letters that are not defined
herein are defined in the Employment Agreement between the Parties. The purpose of this Agreement is to provide for the orderly
termination of the employment relationship between the Parties, and to voluntarily resolve any actual or potential disputes or
claims that Employee has or might have, as of the date of Employee’s execution of this Agreement, against the Company and
all of its owners, parents, predecessors, successors, divisions, subsidiaries and Affiliates, and its and their present and former
agents, employees, managers, officers, directors, attorneys, owners, plan fiduciaries, assigns, representatives, Employees, consultants,
and all other Persons acting by, through, or in concert with any of them (individually and collectively, the “Released
Parties”). Neither the fact that this Agreement has been proposed or executed, nor the terms of this Agreement,
are intended to suggest, or should be construed as suggesting, that the Released Parties have acted unlawfully or violated any
federal, state or local law or regulation, or any other duty, policy or contract.

 

		2.	Termination of Employment. Effective ___________ (the “Termination
Date”), Employee’s employment with the Company and all of its Affiliates has terminated.

 

		3.	Termination Benefits. In consideration for Employee’s execution of, and required performance
under, this Agreement, the Company shall provide Employee with the Severance Payment. Employee confirms and agrees that he would
not otherwise have received, or been entitled to receive, the Severance Payment or benefits other than those that are required
to be provided under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”)
or such other laws that cannot be waived. All payments hereunder shall be net of withholding for applicable federal, state and
local taxes to the extent required by law.

 

		4.	Waiver of Additional Compensation or Benefits. The Severance Payment to be paid to Employee
constitute the entire amount of compensation and consideration due to Employee under this Agreement, and Employee acknowledges
that he has no right to seek, and will not seek, any additional or different compensation or consideration for executing or performing
under this Agreement.

 

    	 	 	 

     

    

 

		5.	Neutral Employment Reference. The Company shall provide a neutral employment reference to
any potential employers that consider the employment of Employee or seek information concerning the reasons for the departure of
Employee. The Company will provide to any such potential employers the identity of the positions held by Employee and the dates
of Employee’s employment with the Company.

 

		6.	Tax Consequences. The Company has made no representations to Employee regarding the tax
consequences of any benefits received, or to be received, by Employee under the Employment Agreement.

 

		7.	Certain Continuing Obligations. Employee acknowledges and agrees that the post-termination
restrictive covenants and obligations that apply to Employee as set forth in the Employment Agreement shall survive termination
of the employment relationship and the execution of this Agreement, and Employee shall continue to fully honor his post-employment
obligations.

 

		8.	Employee Representations. Employee expressly agrees to and acknowledges, confirms and represents
to the following, and intends for the Company to rely upon the following in entering this Agreement:

 

(1)           The
term “Released Parties” means
the Company and all of its Affiliates, and its and their present and former employees, managers, officers, directors, owners, partners,
agents, attorneys, owners, plan fiduciaries, representatives, and successors and assigns, all other Persons acting by, through
or in concert with any of them (collectively, the “Released
Parties”).

 

(2)           Employee
has not filed any complaints, charges, claims or actions against the Company or any of the other Released Parties with any court,
agency, or commission regarding any of the matters related to this Agreement or to his employment or separation from service with
the Company. By executing this Agreement, Employee is not waiving or releasing the right to file a charge with, or participate
in an investigation by, the Equal Employment Opportunity Commission (“EEOC”) or any other federal or
state agency. Employee is, however, waiving the right to receive or obtain any monetary recovery from the Company or any of the
other Released Parties in connection with (i) a charge filed with the EEOC, whether such charge is filed by Employee or any other
Person, or (ii) any lawsuit or arbitration brought by any other Person, in each case except as prohibited by law.

 

(3)           Employee,
by entering into this Agreement, is releasing the Released Parties from any and all claims that Employee may have against them
under federal, state, or local laws, which have arisen on or before the Release Effective Date (as defined on the signature page
of this Agreement), except as otherwise provided in Section 9 below.

 

    	 	 	 

     

    

 

(4)           Employee,
by entering into this Agreement, is waiving all claims that Employee may have against the Released Parties under the federal Age
Discrimination in Employment Act of 1967, as amended (i.e., 29 USC § 621 et seq.), which have arisen on or before the
Release Effective Date.

 

(5)           Employee
has reviewed all aspects of this Agreement, and has carefully read and fully understands this Agreement.

 

(6)           Employee
has been hereby advised to consult with an attorney of his choice before signing this Agreement.

 

(7)           Employee
is knowingly and voluntarily entering into this Agreement, and has relied solely and completely upon his own judgment and, if applicable,
the advice of his attorney before entering into this Agreement.

 

(8)           Employee
is not relying upon any representations, promises, predictions, projections, or statements made by or on behalf of the Company
or any of the other Released Parties, other than those that are specifically stated in this Agreement.

 

(9)           Employee
represents and acknowledges that in executing this Release, he does not rely, and has not relied, on any prior oral or written
communications, promises, agreements, statements, inducements, understandings, or representations by the Company or any of the
Released Parties, except as expressly contained in this Agreement. Further, Employee expressly disclaims any reliance on any prior
oral or written communications, promises, agreements, statements, inducements, understandings, or representations in entering into
this Agreement and, therefore, Employee understands and agrees that he is precluded from bringing any fraud or similar claim against
the Company or any of the other Released Parties associated with any such communications, promises, agreements, statements, inducements,
understandings, or representations, and he is hereby entering into this Agreement based on his own independent judgment.

 

(10)         Employee
acknowledges that this Agreement shall be binding on Employee, and on his spouse, heirs, administrators, representatives, executors,
beneficiaries, successors and assigns.

 

(11)         Employee
agrees that this Agreement shall, in all cases, be construed as a whole, according to its fair meaning, and not strictly for or
against, either of the Parties.

 

(12)         Employee
does not waive any right or claim that initially arose for the first time after the Release Effective Date.

 

    	 	 	 

     

    

 

(13)         Employee
will receive payment of consideration under this Agreement that is beyond what Employee was entitled to receive before entering
into this Agreement.

 

(14)         Employee
understands and agrees that this Agreement shall not in any way be construed as an admission by the Released Parties of any unlawful
or wrongful acts whatsoever against Employee or any other Person; and the Released Parties specifically disclaim any liability
to, or wrongful acts against, Employee or any other Person.

 

		9.	Release. Employee, on behalf of himself and his spouse, heirs, administrators, representatives,
executors, beneficiaries, successors and assigns (individually and collectively, the “Releasing
Parties”), hereby fully, unconditionally and forever releases, acquits and discharges the Released Parties,
jointly and severally, from and against any and all claims, demands, actions, lawsuits, grievances, liabilities, and obligations
of any nature whatsoever that the Releasing Parties had, have or may ever have against the Released Parties, or that might be assigned
by the Releasing Parties, whether known or unknown, fixed or contingent, as of the Release Effective Date. Employee acknowledges,
understands and agrees that this Agreement specifically includes, without limitation, (a) law or equity claims; (b) contract (express
or implied) or tort claims; (c) claims arising under any federal, state or local laws of any jurisdiction that prohibit age, sex,
race, national origin, color, disability, religion, veteran, military status, sexual orientation or any other form of discrimination,
harassment, hostile work environment or retaliation (including, without limitation, the Age Discrimination in Employment Act of
1967, the Older Workers Benefit Protection Act, the Americans with Disabilities Act of 1990, the Americans with Disabilities Act
Amendments Act of 2008, Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the Civil Rights Acts of 1866
and/or 1871, 42 U.S.C. Section 1981, the Rehabilitation Act, the Family and Medical Leave Act, the Sarbanes-Oxley Act, the Employee
Polygraph Protection Act, the Worker Adjustment and Retraining Notification Act, the Equal Pay Act of 1963, the Lilly Ledbetter
Fair Pay Act, the Uniformed Services Employment and Reemployment Rights Act of 1994, the Genetic Information and Nondiscrimination
Act of 2008, the Texas Commission on Human Rights Act, the Texas Labor Code, Section 1558 of the Patient Protection and Affordable
Care Act of 2010, the Consolidated Omnibus Budget Reconciliation Act of 1985, and any other federal, state or local laws of any
jurisdiction); (d) claims under any other federal, state, local, municipal or common law whistleblower protection, discrimination,
wrongful discharge, anti-harassment or anti-retaliation statute or ordinance; (e) claims arising under ERISA; or (f) any other
statutory or common law claims related to Employee’s employment or separation from employment with the Company or its Affiliate.
Employee further represents that, as of the Release Effective Date, he has not been the victim of any illegal or wrongful acts
by any of the Released Parties, including, without limitation, discrimination, retaliation, harassment or any other wrongful act
based on sex, age, race, religion, or any other legally protected characteristic.

 

    	 	 	 

     

    

 

The release contained in this Section
9 does not include the following: (a) a claim for which the facts giving rise to such claim first occurred after the Release
Effective Date; (b) any eligibility to receive continuation of health care coverage to the extent required under COBRA; (c) any
vested benefit under any employee benefit plan to the extent required by ERISA and the terms of the plan; (d) any claim for worker’s
compensation benefits that is currently pending as of the Release Effective Date; (e) any right of Employee to be indemnified by
D&O, or the Company or an Affiliate in his capacity as a director, officer or employee of the Company or any Affiliate during
his employment period through the Termination Date, or as an insured under any applicable liability policy; (f) any claim challenging
the validity of this release under the Older Workers Benefit Protection Act; (g) any claim that cannot be waived or released as
a matter of law; or (h) any claim or breach of the surviving provisions pursuant to Section 32 of the Employment Agreement by the
Company.

 

		10.	Time to Consider Offer of Termination Benefits. Employee shall have, and by signing this
Agreement Employee acknowledges and represents that he has been given, a time period of at least [insert twenty-one (21) or
forty-five (45) as appropriate] days to consider whether to elect to sign this Agreement, and to thereby waive and release
the rights and claims addressed in this Agreement. Although Employee may sign this Agreement prior to the end of the applicable
time period (as specified above), Employee may not sign this Agreement on or before the Termination Date. In addition, if Employee
signs this Agreement prior to the end of the applicable time period, Employee shall be deemed, by doing so, to have certified and
agreed that the decision to make such election prior to the expiration of the applicable time period is knowing and voluntary and
was not induced by the Company through: (a) fraud, misrepresentation, or a threat to withdraw or alter the offer prior to the end
of the applicable time period; or (b) an offer to provide different terms or benefits in exchange for signing the Agreement prior
to the expiration of applicable time period.

 

		11.	Seven Day Revocation Period. Employee may revoke this Agreement at any time within seven
(7) days after he signs it. To revoke the Agreement, Employee must deliver written Notice of such revocation to the attention of
the Chief Executive Officer, or other person with known authority to receive the revocation, within seven (7) days after the date
that he signs this Agreement. Employee further understands that if he does not revoke the Agreement within seven (7) days following
its execution (excluding the date of execution), it will become effective, binding, and enforceable as of the Release Effective
Date.

 

		12.	Agreement Not to Sue. Except as otherwise provided in Section 8, Section 9, this Agreement
or as otherwise required by law, Employee agrees that he will not commence, maintain, initiate, or prosecute, or cause, encourage,
assist, volunteer, advise or cooperate with any other Person to commence, maintain, initiate or prosecute, any action, lawsuit,
proceeding, charge, petition, complaint or claim before any court, agency or tribunal against the Company or any other Released
Party arising from, concerned with, or otherwise relating to, in whole or in part, Employee’s employment or separation from
employment with the Company or an Affiliate, or any of the other matters discharged and released in this Agreement. Employee further
understands and agrees that if he, or someone acting on his behalf, should file, or cause to be filed, any such claim, charge,
complaint, or action against the Company and/or any other Released Party, Employee expressly waives any and all rights to recover
any damages or other relief from the Company and/or other Released Party including, without limitation, costs and attorneys’
fees. Employee further represents and warrants that he has not filed or lodged, and has no outstanding claims, including, without
limitation, any lawsuits, charges of discrimination, or administrative proceedings, against the Company or any of the Released
Parties regarding matters that have been released pursuant to this Agreement.

 

    	 	 	 

     

    

 

		13.	Participation in Investigations. Notwithstanding any other provision of the Agreement to
the contrary, the Agreement is not intended to interfere or prevent Employee from filing a charge or claim with any governmental
agency charged with investigating employment claims, including, but not limited to, the EEOC, or, from participating in, cooperating
with, or providing truthful evidence in connection with an investigation being conducted by a governmental agency responsible for
investigating employment claims; provided, however, Employee hereby agrees that such filing or participation does not give Employee
the right to recover any damages or equitable relief (including, but not limited to, reinstatement, back pay, front pay, damages,
and attorneys’ fees) against the Company or any of the other Released Parties based on his release of claims in this Agreement.
By executing this Agreement, Employee also hereby waives the right to recover monetary damages in any proceeding he may bring before
the EEOC or any state or local human rights commission or in any proceeding brought by the EEOC or any state or local human rights
commission (or any other agency) on Employee’s behalf.

 

		14.	Cooperation. After Employee’s termination of employment, he agrees to cooperate with
the Company on the terms and conditions as set out in Section 27 of the Employment Agreement and subject to Section 9(b) of the
Employment Agreement.

 

		15.	Severability. Should any provision of this Agreement be declared or be determined by any
court of competent jurisdiction to be illegal, invalid or unenforceable, all remaining provisions of this Agreement shall otherwise
remain in full force and effect and be construed as if such illegal, invalid, or unenforceable provision has not been included
herein.

 

		16.	Relief. It is further understood and agreed that if a violation of any term of this Agreement
is asserted, the Party who asserts such violation shall have the right to seek specific performance of that term and/or any other
necessary and proper relief, without bond or other security, as permitted by law or equity, including but not limited to, damages
from any court of competent jurisdiction, and the prevailing Party shall be entitled to recover its reasonable costs and attorney’s
fees. Nothing in this Agreement will be construed to prevent Employee from challenging the validity of this Agreement under the
Age Discrimination in Employment Act or Older Workers’ Benefit Protection Act. Employee further understands and agrees that
if he, or someone acting on his behalf, files, or causes to be filed, any such claim, charge, complaint, or action against the
Company, any Affiliate, or other Released Parties, Employee expressly fully waives and relinquishes any right to recover any damages
or other relief, whatsoever, from the Company, its Affiliates, and/or other Persons, including costs and attorneys’ fees.

 

		17.	Binding Effect. This Agreement shall be binding upon and inure to the benefit of the Parties,
and their respective heirs, executors, beneficiaries, personal representatives, successors and permitted assigns hereunder, but
otherwise this Agreement shall not be for the benefit of any third parties.

 

    	 	 	 

     

    

 

		18.	Entire Agreement. This Agreement sets forth the entire agreement of the Parties and fully
supersedes and replaces any and all prior agreements, promises, representations, or understandings, written or oral, between the
Company (and any other Released Party) and Employee that relates to the subject matter of this Agreement. This Agreement may be
amended or modified only by a written instrument identified as an amendment hereto that is executed by both Parties. Employee acknowledges
that in executing this Agreement, Employee does not rely, and has not relied, upon any oral or written representation, promise
or inducement by the Company and/or any of the other Released Parties, except as expressly contained in this Agreement.

 

		19.	Choice of Law and Dispute Resolution. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED
AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS, EXCEPT TO THE EXTENT PREEMPTED BY CONTROLLING FEDERAL LAW,
BUT WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF LAWS THAT MIGHT DIRECT THE APPLICATION OF THE LAW OF ANOTHER JURISDICTION. Any
disputes with respect to this Agreement or otherwise arising between the Parties shall be governed by Section 30(b) and Section
30(c) of the Employment Agreement.

 

		20.	Waiver. A Party’s waiver of any breach or violation of any provision of this Agreement
shall not operate as, or be construed to be, a waiver of any later breach of the same or any other provision hereof by such Party.

 

		21.	Assignment. The Agreement may be assigned by the Company to its successor in interest, in
which case the rights and obligations of the Company under the Agreement shall inure to the benefit of and shall be binding upon
its successor in interest which shall then be the “Company”
Party as referenced herein. Except as provided in the Agreement, Employee may not assign the Agreement, or any of his rights or
obligations under the Agreement, without the written consent of the Company. Any attempted assignment by Employee in violation
of the Agreement shall be null and void.

 

		22.	Amendment. The Agreement may be amended or modified only by a written instrument identified
as an amendment hereto that is executed by both Parties.

 

		23.	Survival of Certain Provisions. Wherever appropriate to the intention of the Parties, the
respective rights and obligations of the Parties hereunder shall survive any termination or expiration of this Agreement.

 

[Intentionally blank]

 

    	 	 	 

     

    

 

PLEASE READ CAREFULLY
BEFORE SIGNING

 

		·	Employee acknowledges that he has carefully read and understands the terms of this Agreement and
his obligations hereunder.

 

		·	Employee acknowledges that he has been advised to review this Agreement with an attorney of his
choosing.

 

		·	Employee acknowledges that he has been given at least [insert twenty-one (21) or forty-five
(45) as appropriate] days to consider whether to sign this Agreement. Employee acknowledges that if he signs this Agreement
before the end of such period, it will be his personal and voluntary decision to do so.

 

		·	Employee understands that this Agreement will not become effective or enforceable until after the
7-day revocation period has expired. The Company will have no obligations to Employee under this Agreement or the Employment Agreement
if Employee revokes the Agreement during such 7-day period.

 

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

 

I ACKNOWLEDGE THAT (1)
I HAVE CAREFULLY READ THE FOREGOING AGREEMENT, (2) I UNDERSTAND ALL OF ITS TERMS AND CONDITIONS, (3) I AM RELEASING CLAIMS, AND
(4) I AM VOLUNTARILY ENTERING INTO THIS AGREEMENT.

 

[Signature page follows.]

 

    	 	 	 

     

    

 

[21407.45]

 

Please review this document carefully
as it includes a release of claims.

 

IN WITNESS WHEREOF, Employee
has entered into this Agreement, and the Company has caused this Agreement to be executed in its name and on its behalf by its
duly authorized officer, to be effective as of the date this Agreement is executed by Employee as set forth beneath Employee’s
signature below (the “Release Effective Date”).

 

This document was presented
to Employee on ______________, 20___.

 

	COMPANY	 	Address for Notice:
	 	 	 	 
	By:	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	Printed 	 	 	 
	Name:	 	 	 
	 	 	 	 
	Title:	 	 	 
	 	 	 	 
	Date:	 	 	 

 

Note: Employee may not sign this Agreement on
or before his Termination Date.

 

	EMPLOYEE	 	WITNESS
	 	 	 
	 	 	 
	Employee’s Signature	 	Witness’ Signature
	 	 	 	 	 
	Printed 	 	 	Printed 	 
	Name:	 	 	Name:	 
	 	 	 	 	 
	Date:	 	 	Title:	 
	 	 	 	 	 
	 	 	 	Date:	 
	 	 	 	 	 
	Address for Notice:	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

[Signature page ends.]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00284-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00284-of-00352.parquet"}]]