Document:

EX-10.4

 Exhibit 10.4 

REGISTRATION RIGHTS AGREEMENT 

BY AND AMONG 
 NORTHERN
OIL AND GAS, INC. 
 AND 

THE HOLDERS PARTY HERETO 

 REGISTRATION RIGHTS AGREEMENT 

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of May 15, 2018, by and among Northern
Oil and Gas, Inc., a Delaware corporation (the “Company”), and TPG Specialty Lending, Inc., TOP III Finance 1, LLC and TAO Finance 1, LLC (together with any permitted transferees or assignee, each, a “Holder” and
collectively, the “Holders”). 
 WHEREAS, this Agreement is made pursuant to the Subscription Agreement, dated as of
March 18, 2018 (the “Subscription Agreement”), among the Company and TPG Specialty Lending, Inc., TOP III Finance 1, LLC and TAO Finance 1, LLC (collectively, the “TPG Investors”); 

WHEREAS, pursuant to the Subscription Agreement, the TPG Investors acquired, in the aggregate, 8,000,000 shares (the
“Shares”) of common stock, par value $0.001 per share, of the Company (the “Common Stock”) on the date hereof (the “Closing Date”); and 

WHEREAS, the Company has agreed to provide the registration rights set forth in this Agreement for the benefit of the Holders pursuant to the
Subscription Agreement. 
 NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by each party hereto, the parties hereby agree as follows: 

ARTICLE I 
 DEFINITIONS

 Section 1.01 Definitions. 

The terms set forth below are used herein as so defined: 

“Agreement” has the meaning specified therefor in the introductory paragraph of this Agreement. 

“Anticipated Registration Rights Agreements” means those certain Registration Rights Agreements, each to be entered into as
of the Closing Date and as may be amended from time to time, (i) among the Company and certain holders of the Company’s 8.00% Senior Notes due 2020 (the “Exchange Rights Agreement”) and (ii) among the Company and TRT
Holdings, Inc., Cresta Investments, LLC and Cresta Greenwood, LLC. 
 “Anticipated Rights Holders” means parties provided
registration rights pursuant to the Anticipated Registration Rights Agreements. 
 “Business Day” means any day other than
a day on which banks are permitted or required to be closed in New York City. 
 “Closing Date” has the meaning specified
therefor in the recitals of this Agreement. 

  
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 “Commission” means the U.S. Securities and Exchange Commission, including the
staff thereof as applicable. 
 “Common Stock” has the meaning specified therefor in the recitals of this Agreement. 

“Company” has the meaning specified therefor in the introductory paragraph of this Agreement. 

“Company Securities” has the meaning specified therefor in Section 2.04(d)(i). 

“Effective Date” has the meaning specified therefor in Section 2.01(a). 

“Effectiveness Deadline” has the meaning specified therefor in Section 2.01(a). 

“Effectiveness Period” has the meaning specified therefor in Section 2.01(e). 

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

“Exchange Registrable Shares” means the shares of Common Stock that are “Registrable Shares” as defined in the
Exchange Rights Agreement. 
 “Exchange Rights Holders” means parties provided registration rights pursuant to the Exchange
Rights Agreement. 
 “Expenses” has the meaning specified therefor in Section 2.10(a). 

“Holder” and “Holders” have the meanings specified therefor in the introductory paragraph of this Agreement.
A Person shall cease to be a Holder hereunder at such time as it ceases to hold any Registrable Shares. 
 “Indemnified
Party” has the meaning specified therefor in Section 2.10(c). 
 “Indemnifying Party”
has the meaning specified therefor in Section 2.10(c). 
 “Inspectors” has the meaning specified
therefor in Section 2.06(l). 
 “Lock-up Period” has the
meaning specified therefor in the Subscription Agreement. 
 “Losses” has the meaning specified therefor in
Section 2.10(a). 
 “Managing Underwriter” means, with respect to any Underwritten Offering, the
lead book-running manager(s) of such Underwritten Offering. 
 “Maximum Number of Shares” has the meaning specified
therefor in Section 2.02(c). 
 “Other Registrable Securities” has the meaning specified therefor
in Section 2.02(b). 
 “Other Securities” has the meaning specified therefor in
Section 2.04(d)(i). 

  
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 “Permitted Transferee” means with respect to any Holder, (i) an Affiliate
of any Holder or any investment fund or other entity controlled or managed by any Holder, (ii) if such Holder is a partnership, a partner of such partnership, or to the estate of any such partner or the transferee by gift, will or intestate
succession of any partner, (iii) if such Holder is a limited liability company, a member of such limited liability company, or to the estate of any such member or the transferee by gift, will or intestate succession of any member, and
(iv) if such Holder is a corporation, a stockholder of such corporation, or to the estate of any such stockholder or the transferee by gift, will or intestate succession of any stockholder. 

“Person” means any individual or entity of any type. 

“Piggyback Underwritten Offering” has the meaning specified therefor in Section 2.04(a). 

“Piggybacking Holder” has the meaning specified therefor in Section 2.04(a). 

“pro rata” means, except as otherwise specified herein, with respect to each Holder, an amount determined by multiplying the
applicable amount by the quotient obtained by dividing (a) the number of Registrable Shares held by the applicable Holder by (b) the number of Registrable Shares then held by all Holders. 

“Records” has the meaning specified therefor in Section 2.06(l). 

“Registrable Shares” means (i) the Shares, (ii) any shares of Common Stock of the Company issued as (or issuable
upon the conversion or exercise of any warrant, right or other security that is issued as) a dividend or other distribution with respect to, or in exchange for, or in replacement of, the Shares, and (iii) any other securities issued in respect
of, in exchange for or in substitution of the Shares. 
 “Registration Expenses” means all expenses, other than Selling
Expenses, incident to the Company’s performance under or compliance with this Agreement to effect the registration of Registrable Shares on a Registration Statement and the disposition of such Registrable Shares, including, without limitation,
all registration, filing, securities exchange listing fees, all registration, filing, qualification and other fees and expenses of complying with securities or blue sky laws, fees of the Financial Industry Regulatory Authority, fees of transfer
agents and registrars, costs or expenses related to any roadshows conducted in connection with the marketing of any offering of Registrable Shares (except to the extent expressly included in Selling Expenses), and all word processing, duplicating
and printing expenses and the fees and disbursements of counsel to the Company and the independent public accountants for the Company, including the expenses of any special audits or “comfort” letters required by or incident to such
performance and compliance, and the reasonable and documented fees and expenses of one counsel for all Holders in addition to one local counsel. 

“Registration Statement” means (a) the Shelf Registration Statement and (b) any other registration statement of the
Company filed or to be filed with the Commission under the Securities Act in which Registrable Shares are included in the securities registered thereby pursuant to this Agreement, including the prospectus included in the registration statement, as
amended or supplemented by any prospectus supplement, and all other amendments and supplements to the thereto, including post-effective amendments, and all materials incorporated or deemed to be incorporated by reference in such registration
statement or prospectus. 

  
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 “Requesting Holder” has the meaning specified therefor in
Section 2.02(a). 
 “Rule 144” means Rule 144 promulgated under the Securities Act (or any
similar rule or provision then in effect). 
 “Section 2.04 Maximum Number of Shares” has the meaning
specified therefor in Section 2.04(d). 
 “Securities Act” means the Securities Act of 1933, as
amended. 
 “Selling Expenses” means all (a) underwriting fees, discounts and selling commissions allocable to the
sale of Registrable Shares, (b) transfer taxes allocable to the sale of the Registrable Shares, (c) costs or expenses related to any roadshows conducted in connection with the marketing of any offering of Registrable Shares in a Shelf
Underwritten Offering, and (d) fees and expenses of any counsel engaged by any Holder that are not expressly included in Registration Expenses. 

“Selling Holder” means a Holder selling Registrable Shares pursuant to a Registration Statement. 

“Selling Holder Questionnaire” has the meaning specified therefor in Section 2.07. 

“Shares” has the meaning specified therefor in the recitals of this Agreement. 

“Shelf Piggybacking Holder” has the meaning specified therefor Section 2.02(b). 

“Shelf Registration Statement” has the meaning specified therefor in Section 2.01(a), subject to
Section 2.01(d). 
 “Shelf Underwritten Offering” has the meaning specified therefor in
Section 2.02(a). 
 “Subscription Agreement” has the meaning specified therefor in the recitals
of this Agreement. 
 “Underwritten Offering” means an offering (including an offering pursuant to the Shelf Registration
Statement) in which shares of Common Stock are sold to an underwriter on a firm commitment basis for reoffering to the public. 

“Underwritten Offering Filing” means, (a) with respect to a Shelf Underwritten Offering, a preliminary prospectus
supplement (or prospectus supplement if no preliminary prospectus supplement is used) to the Shelf Registration Statement relating to such Shelf Underwritten Offering, and (b) with respect to a Piggyback Underwritten Offering, (i) a
preliminary prospectus supplement (or prospectus supplement if no preliminary prospectus supplement is used) to an effective shelf Registration Statement (other than the Shelf Registration Statement) in which Registrable Securities could be included
and Holders could be named as selling security holders 

  
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without the filing of a post-effective amendment thereto (other than a post-effective amendment that becomes effective upon filing) or (ii) a Registration Statement (other than the Shelf
Registration Statement), in each case relating to such Piggyback Underwritten Offering. An Underwritten Offering Filing shall not include a registration statement on a Form S-4 or S-8 or filed in connection with an exchange offer or any employee benefit or stock purchase and/or dividend reinvestment plan, an offering of securities solely to the Company’s existing stockholders, or a
registration statement registering securities that are issuable solely upon conversion of debt securities or a registration statement solely with respect to an equity compensation plan. 

Section 1.02 Registrable Shares. 

Any Registrable Share will cease to be a Registrable Share when (a) a Registration Statement covering such Registrable Share has become
effective under the Securities Act and such Registrable Share has been sold or disposed of pursuant to such Registration Statement; (b) such Registrable Share has been disposed of pursuant to any section of Rule 144 under the Securities Act;
(c) such Registrable Share is held by the Company or one of its subsidiaries or ceases to be outstanding (whether as a result of repurchase and cancellation, conversion or otherwise); (d) such Registrable Share has been sold or disposed of in a
transaction in which the transferor’s rights under this Agreement are not assigned to the transferee of such Registrable Share pursuant to Section 2.12; or (e) such Registrable Share becomes eligible for resale
pursuant to Rule 144 without restriction, without being subject to any holding period, without manner of sale restrictions, and without volume limitations or the need for current public information. Any security that has ceased to be a Registrable
Share shall not thereafter become a Registrable Share, and any security that is issued or distributed in respect of a security that has ceased to be a Registrable Share shall not be a Registrable Share. 

ARTICLE II 
 REGISTRATION
RIGHTS 
 Section 2.01 Shelf Registration. 

(a) The Company shall prepare and file with the Commission, and use best efforts to cause to be declared effective as soon as practicable after
the filing thereof, but in no event later than the earliest of (i) the ninetieth (90th) day after the Closing Date, (ii) the day preceding the expiration of the Lock-up Period and (iii) the day
preceding the date a Holder is released from its lock-up pursuant to Section 7(e)(v) of the Subscription Agreement (the earliest of (i), (ii) or (iii), the “Effectiveness Deadline”), a
Registration Statement under the Securities Act relating to the offer and sale or other distribution of all the Registrable Shares by the Holders thereof (the “Shelf Registration Statement”) from time to time in accordance with the
methods of distribution set forth in the Shelf Registration Statement and Rule 415 under the Securities Act. Upon the earlier of the date that the Company receives oral confirmation from the staff of the Commission of the effectiveness of the Shelf
Registration Statement or the date evidence of such effectiveness is received by the Company (the “Effective Date”), the Company shall notify the Holders of the effectiveness thereof. No shares of the Company’s Common Stock
held by Anticipated Rights Holders shall be included in the Shelf Registration Statement if such inclusion could affect the Company’s eligibility to register the Registrable Shares pursuant to the Shelf Registration Statement, including without
limitation, due to limitations on the use of Rule 415 under the Securities Act for the resale of such other shares of the Company’s Common Stock. 

  
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 (b) [Intentionally omitted] 

(c) The Shelf Registration Statement shall be on Form S-3 (or any equivalent or successor form) under
the Securities Act or, if Form S-3 is not then available to the Company, on Form S-1 or such other form of registration statements as is then available to effect a
registration for resale of the Registrable Shares; provided, however, that if the Company has filed the Shelf Registration Statement on Form S-1 and subsequently becomes eligible to use Form S-3 or any equivalent or successor form or forms, the Company shall promptly notify the Holders, but in any event within ten (10) Business Days, and, either upon the election of the Holders, the Company shall,
or, with the prior written consent of the Holders of a majority of the Registrable Shares, the Company may, (i) file a post-effective amendment to the Shelf Registration Statement converting such Registration Statement on Form S-1 to a Registration Statement on Form S-3 or any equivalent or successor form or forms or (ii) file a successor Shelf Registration Statement on Form S-3 or any equivalent or successor form or forms, and withdraw the Shelf Registration Statement on Form S-1. 

(d) Unless otherwise specifically stated herein, the term “Shelf Registration Statement” shall refer individually to the initial
Shelf Registration Statement filed pursuant to Section 2.01(a) and to each subsequent Shelf Registration Statement, if any, filed pursuant to Section 2.01(c). 

(e) Subject to Section 2.03, the Company shall use best efforts to cause the Shelf Registration Statement to remain
effective, and to be supplemented and amended to the extent necessary to ensure that the Shelf Registration Statement is available for the resale of all the Registrable Shares by the Holders, until the later of (i) two years following the
Effective Date and (ii) such time that all Registrable Shares become eligible for resale pursuant to Rule 144 without restriction, without being subject to any holding period, without manner of sale restrictions, and without volume limitations
or the need for current public information (the “Effectiveness Period”); provided, however, that the Effectiveness Period shall be extended for a period of time equal to any period that the effectiveness of the Shelf
Registration Statement is delayed and for any period of time that the Holders’ use of any prospectus that is a part of a Shelf Registration Statement is suspended pursuant to Section 2.03. 

(f) When effective, the Shelf Registration Statement (including the documents incorporated therein by reference) will comply as to form in all
material respects with all applicable requirements of the Securities Act and the Exchange Act and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the
statements therein not misleading (in the case of any prospectus contained in the Shelf Registration Statement, in the light of the circumstances under which such statements are made); provided, however, the Company shall have no such obligations or
liabilities with respect to any information pertaining to any Holder furnished in writing to the Company by or on behalf of such Holder specifically for inclusion therein. 

  
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 Section 2.02 Underwritten Offering. 

(a) In the event that any Holder or group of Holders holding at least twenty-five percent (25%) of the Registrable Shares (the
“Requesting Holders”) elects to dispose of Registrable Shares under the Shelf Registration Statement pursuant to an Underwritten Offering, the Holders or group of Holders shall so advise the Company, the Company shall, at the
request of such Requesting Holders, enter into an underwriting agreement in a form as is customary in Underwritten Offerings of securities with the underwriter or underwriters selected pursuant to Section 2.02(d) and shall
take all such other reasonable actions as are requested by the Managing Underwriter of such Underwritten Offering and/or the Requesting Holders in order to expedite or facilitate the disposition of, subject to
Section 2.02(c), such Registrable Shares and the Registrable Shares requested to be included by any Shelf Piggybacking Holder (a “Shelf Underwritten Offering”); provided, however, that the Company
shall have no obligation to facilitate or participate in more than one (1) Shelf Underwritten Offering in any 180-day period or more than three (3) Shelf Underwritten Offerings in total under this
Agreement; provided further, that a Shelf Underwritten Offering shall not count against such limit unless and until the Holder(s) requesting such registration are able to sell at least seventy-five percent (75%) of the Registrable Shares requested
to be included in such Shelf Underwritten Offering. 
 (b) If the Company receives a Shelf Underwritten Offering Request from Requesting
Holders, it will give written notice of such proposed Shelf Underwritten Offering to each Holder (other than the Requesting Holder), which notice shall be held in strict confidence by such Holders and shall include the anticipated filing date of the
related Underwritten Offering Filing and, if known, the number of Registrable Shares that are proposed to be included in such Shelf Underwritten Offering, and of such Holders’ rights under this Section 2.02(b). Such
notice shall be given promptly and in any event, at least five (5) Business Days before the filing of the Underwritten Offering Filing or two (2) Business Days before the filing of the Underwritten Offering Filing in connection with a
bought or overnight Underwritten Offering); provided, that if the Shelf Underwritten Offering is a bought or overnight Underwritten Offering and the Managing Underwriter advises the Company and the Requesting Holder in writing that the giving of
notice pursuant to this Section 2.02(b) would adversely affect the offering, no such notice shall be required (and such Holders shall have no right to include Registrable Shares in such bought or overnight Underwritten
Offering); and provided further, that the Company shall not so notify (or be required to so notify) any such other Holder that has notified the Company (and not revoked such notice) requesting that such Holder not receive notice from the Company of
any proposed Shelf Underwritten Offering. Each such Holder shall then have four (4) Business Days (or one (1) Business Day in the case of a bought or overnight Underwritten Offering) after the date on which the Company delivered the notice
pursuant to this Section 2.02(b) to request inclusion of Registrable Shares in the Shelf Underwritten Offering (which request shall specify the maximum number of Registrable Shares intended to be disposed of by such Holder
and such Holder agrees to supply any information reasonably requested by the Company in connection with the preparation of a Registration Statement and/or any other documents relating to such registered offering, including a Selling Holder
Questionnaire) (any such Holder making such request, a “Shelf Piggybacking Holder”). If no request for inclusion from a Holder is received within such period, such Holder shall have no further right to participate in such Shelf
Underwritten Offering. In connection with a Shelf Underwritten Offering Request made by Requesting Holders, the Company shall not include any securities that 

  
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are not Registrable Shares or Exchange Registrable Shares without the prior written consent of the Holders of a majority of the Registrable Shares included in such Shelf Underwritten Offering,
which consent shall not be unreasonably withheld or delayed. If such consent of the Holders of majority of the Registrable Shares is provided, holders of securities other than Registrable Shares who timely and validly request to have shares of
Common Stock held by them that are subject to registration rights (such securities, including Exchange Shares, “Other Registrable Securities”) may include such Other Registrable Securities in the Shelf Underwritten Offering, subject
to any applicable limitations set forth in the applicable registration rights agreement(s) and Section 2.02(c) below. 

(c) If the Managing Underwriter of the requested Shelf Underwritten Offering shall inform the Company and the Requesting Holders in writing of
its belief that the number of Registrable Shares requested to be included in such Shelf Underwritten Offering by the Requesting Holders, when added to the number of Other Registrable Securities requested to be included by any Shelf Piggybacking
Holders and any holders of Other Registrable Securities permitted to be included in the Shelf Underwritten Offering pursuant to Section 2.03(b), would materially adversely affect such offering, then the Company shall
include in the applicable Underwritten Offering Filing, to the extent of the total number of Registrable Shares and such permitted Other Registrable Securities that the Company is so advised can be sold in such Shelf Underwritten Offering without so
materially adversely affecting such offering (the “Maximum Number of Shares”), in the following priority: 

(i) First, all Registrable Shares that the Requesting Holders and any Shelf Piggybacking Holders requested to be included
therein, allocated among the Requesting Holders and any Shelf Piggybacking Holders pro rata based on the number of Registrable Shares each requested to be included, in proportion to the total number of Registrable Shares requested to be included;

 (ii) Second, to the extent that the number of Registrable Shares subject to Section 2.02(c)(i)
is less than the Maximum Number of Shares, the Other Registrable Securities and shares of Common Stock requested to be included by any other Persons having registration rights with respect to such offering, pro rata among such other Persons based on
the number of Other Registrable Securities or shares of Common Stock each requested to be included, in proportion to the total number of Other Registrable Securities and shares of Common Stock requested to be included by such other Persons. 

(d) The Company shall select the Managing Underwriter and any other underwriters in connection with such Shelf Underwritten Offering. The
Requesting Holders shall determine the pricing of the Registrable Shares offered pursuant to any Shelf Underwritten Offering and the applicable underwriting discounts and commissions, subject to Section 2.03. 

Section 2.03 Delay and Suspension Rights. Notwithstanding any other provision of this Agreement, the Company may suspend the
Holders’ use of any prospectus that is a part of a Shelf Registration Statement or delay effecting a Shelf Underwritten Offering upon written notice to each Holder whose Registrable Shares are included in such Shelf Registration Statement or
such Shelf Underwritten Offering (provided that in no event shall such notice contain any material non-public information regarding the Company) (in which event such

  
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Holder shall immediately discontinue sales of Registrable Shares pursuant to such Registration Statement but may settle any then-contracted sales of Registrable Shares), in each case for a period
of up to 60 days, if the Company reasonably determines (i) that such delay or suspension is in the best interest of the Company and its stakeholders generally due to a pending securities offering by the Company, or any proposed material
acquisition, merger, tender offer, business combination, corporate reorganization, consolidation or other material transaction involving the Company, in each case that would be materially and adversely affected by required disclosure of such
transaction in such prospectus or Shelf Underwritten Offering, (ii) that such registration, offering or the use of any prospectus that is a part of a Shelf Registration Statement would render the Company unable to comply with applicable
securities laws (including because of requirements to produce financial statements with regard to acquired businesses) or (iii) that such registration or offering would require disclosure of material information and such disclosure would
materially and adversely affect the Company (any such period, a “Suspension Period”); provided that such Suspension Period is also applied to all Anticipated Rights Holders; provided further, however, that in no
event shall any Suspension Periods applicable to the Holders collectively exceed an aggregate of 90 days in any twelve-month period. 

Section 2.04 Piggyback Registration Rights. 

(a) Subject to Section 2.04(c), if the Company at any time proposes to file an Underwritten Offering Filing for an
Underwritten Offering of shares of Common Stock for its own account or for the account of any other Persons who have or have been granted registration rights (a “Piggyback Underwritten Offering”), other than the filing of a
registration statement pursuant to the Anticipated Registration Rights Agreements, it will give written notice of such Piggyback Underwritten Offering to each Holder, which notice shall be held in strict confidence by such Holders and shall include
the anticipated filing date of the Underwritten Offering Filing and, if known, the number of shares of Common Stock that are proposed to be included in such Piggyback Underwritten Offering, and of such Holders’ rights under this
Section 2.04(a). Such notice shall be given promptly (and in any event at least five (5) Business Days before the filing of the Underwritten Offering Filing or two (2) Business Days before the filing of the
Underwritten Offering Filing in connection with a bought or overnight Underwritten Offering); provided, that if the Piggyback Underwritten Offering is a bought or overnight Underwritten Offering and the Managing Underwriter advises the Company in
writing that the giving of notice pursuant to this Section 2.04(a) would adversely affect the offering, no such notice shall be required (and such Holders shall have no right to include Registrable Shares in such bought or
overnight Underwritten Offering). Each such Holder shall then have four (4) Business Days (or one (1) Business Day in the case of a bought or overnight Underwritten Offering) after the date on which the Holders received notice pursuant to
this Section 2.04(a) to request inclusion of Registrable Shares in the Piggyback Underwritten Offering (which request shall specify the maximum number of Registrable Shares intended to be disposed of by such Holder and
include such other information as is requested pursuant to clause (i) of Section 2.05(f)) (any such Holder making such request, a “Piggybacking Holder”). If no request for inclusion from a Holder is
received within such period, such Holder shall have no further right to participate in such Piggyback Underwritten Offering. Subject to Section 2.04(c), the Company shall use commercially reasonable efforts to include in
the Piggyback Underwritten Offering all Registrable Shares that the Company has been so requested to include by the Piggybacking Holders; provided, however, that if, at any time after giving written notice of a proposed

  
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Piggyback Underwritten Offering pursuant to this Section 2.04(a) and prior to the execution of an underwriting agreement with respect thereto, the Company or such other
Persons who have or have been granted registration rights, as applicable, shall determine for any reason not to proceed with or to delay such Piggyback Underwritten Offering, the Company shall give written notice of such determination to the
Piggybacking Holders (which such Holders will hold in strict confidence) and (i) in the case of a determination not to proceed, shall be relieved of its obligation to include any Registrable Shares in such Piggyback Underwritten Offering (but
not from any obligation of the Company to pay the Registration Expenses in connection therewith), and (ii) in the case of a determination to delay, shall be permitted to delay inclusion of any Registrable Shares for the same period as the delay
in including the shares of Common Stock to be sold for the Company’s account or for the account of such other Persons who have or have been granted registration rights, as applicable. 

(b) Each Holder shall have the right to withdraw its request for inclusion of its Registrable Shares in any Piggyback Underwritten Offering at
any time prior to the execution of an underwriting agreement with respect thereto by giving written notice to the Company of its request to withdraw; provided, that such withdrawal shall be irrevocable and, after making such withdrawal, a Holder
shall no longer have any right to include Registrable Shares in the Piggyback Registration as to which such withdrawal was made. 
 (c) The
Company shall have the right to terminate or withdraw any registration initiated by it under this Section 2.04 at any time in its sole discretion whether or not any Holder has elected to include Registrable Shares in such
Registration Statement. 
 (d) If the Managing Underwriter of the Piggyback Underwritten Offering shall inform the Company of its belief that
the number of Registrable Shares requested to be included in such Piggyback Underwritten Offering, when added to the number of shares of Common Stock proposed to be offered by the Company or such other Persons who have or have been granted
registration rights (and any other shares of Common Stock requested to be included by any other Persons having registration rights on parity with the Piggybacking Holders with respect to such offering), would materially adversely affect such
offering, then the Company shall include in such Piggyback Underwritten Offering, to the extent of the total number of securities which the Company is so advised can be sold in such offering without so materially adversely affecting such offering
(the “Section 2.04 Maximum Number of Shares”), shares of Common Stock in the following priority: 

(i) First, if the Piggyback Underwritten Offering is for the account of the Company, all shares of Common Stock that the
Company proposes to include for its own account (the “Company Securities”) or, if the Piggyback Underwritten Offering is for the account of any other Persons who have or have been granted registration rights, all shares of Common
Stock that such Persons propose to include (the “Other Securities”); and 
 (ii) Second, if the Piggyback
Underwritten Offering is for the account of the Company, to the extent that the number of Company Securities is less than the Section 2.04 Maximum Number of Shares, the shares of Common Stock requested to be included by the Piggybacking Holders
and holders of any other shares of Common Stock requested to be included by Persons having rights of registration on parity with the 

  
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Piggybacking Holders with respect to such offering, pro rata among the Piggybacking Holders and such other holders based on the number of shares of Common Stock each requested to be included and,
if the Piggyback Underwritten Offering is for the account of any other Persons who have or have been granted registration rights, to the extent that the number of Other Securities is less than the Section 2.04 Maximum Number of Shares, the
shares of Common Stock requested to be included by the Piggybacking Holders, pro rata among the Piggybacking Holders. 
 (e) The Company or
the other Persons who have or have been granted registration rights initiating such Piggyback Underwritten Offering (if so entitled pursuant to such registration rights), as applicable, shall select the underwriters in any Piggyback Underwritten
Offering and shall determine the pricing of the shares of Common Stock offered pursuant to any Piggyback Underwritten Offering, the applicable underwriting discounts and commissions and the timing of any such Piggyback Underwritten Offering. 

Section 2.05 Participation in Underwritten Offerings. In connection with any Underwritten Offering contemplated by
Section 2.02 or Section 2.04: 
 (a) the underwriting agreement into which each Selling
Holder and the Company shall enter into shall contain such representations, covenants, indemnities (subject to Section 2.10) and other rights and obligations as are customary in underwritten offerings; 

(b) no Selling Holder shall be required to make any representations or warranties to or agreements with the Company or the underwriters other
than representations, warranties, agreements or indemnities regarding such Selling Holder, such Selling Holder’s title in the securities being registered on its behalf, the Selling Holder’s authority to enter into such underwriting
agreement and to sell, and information provided by such Selling Holder for inclusion in the Registration Statement relating thereto and its ownership of, the securities being registered on its behalf, its intended method of distribution and any
other representation required by law; 
 (c) the Company shall enter into such customary agreements and take all such other customary actions
as the Selling Holders or the Managing Underwriter of such offering reasonably request in order to expedite or facilitate the disposition of such Registrable Shares (including, without limitation, making appropriate officers of the Company available
to participate in “road show” and other customary marketing activities (including one-on-one meetings with prospective purchasers of the Registrable Shares);

 (d) the Company shall use commercially reasonable efforts to provide to each Selling Holder a copy of any auditor “comfort”
letters, customary legal opinions or reports of the independent petroleum engineers of the Company relating to the oil and gas reserves of the Company, in each case that have been provided to the Managing Underwriter in connection with the
Underwritten Offering; 
 (e) any participation by Holders in a Piggyback Underwritten Offering shall be in accordance with the plan of
distribution of (i) the Company, if such Piggyback Underwritten Offering is for the account of the Company, or (ii) any other Persons who have or have been granted registration rights, if the Piggyback Underwritten Offering is for the
account of such other Persons; and 

  
 11 

 (f) in connection with any Piggyback Underwritten Offering in which any Holder includes
Registrable Shares pursuant to Section 2.04, such Holder agrees (i) to supply any information reasonably requested by the Company in connection with the preparation of a Registration Statement and/or any other
documents relating to such registered offering (including a Selling Holder Questionnaire) and (ii) to execute and deliver any agreements and instruments being executed by all holders on substantially the same terms reasonably requested by the
Company or the Managing Underwriter, as applicable, to effectuate such registered offering, including, without limitation, underwriting agreements (subject to Section 2.05(a)-(b)), custody agreements, customary lock-up agreements pursuant to which such Holder agrees not to sell or purchase any securities of the Company for the same period of time following the registered offering as is agreed to by the Company and the
other participating holders (not to exceed a period of 90 days) or such shorter period as the Managing Underwriter shall agree to, powers of attorney and questionnaires. 

Section 2.06 Registration and Sale Procedures. 

In connection with its obligations under this Article II and with respect to each Registration Statement that includes Registrable
Shares, the Company will: 
 (a) as promptly as reasonably practicable prepare and file with the Commission such amendments and supplements
to the Registration Statement and the prospectus used in connection therewith as may be necessary to keep the Registration Statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all Registrable
Shares covered by the Registration Statement; 
 (b) use commercially reasonable efforts to make available to each Selling Holder (i) as
far in advance as reasonably practicable before filing the Registration Statement, any prospectus used in connection therewith or any amendment thereto, upon its reasonable request, copies of reasonably complete drafts of all such documents proposed
to be filed (including exhibits and each document incorporated by reference therein to the extent then required by the rules and regulations of the Commission), and provide each such Selling Holder the opportunity to object to any information
pertaining to such Selling Holder and its plan of distribution that is contained therein and make the corrections reasonably requested by such Selling Holder reasonably in advance of any such filing with respect to such information prior to filing
the Registration Statement, prospectus or amendment thereto, and (ii) such number of copies of the Registration Statement and the prospectus included therein and any supplements and amendments thereto as such Selling Holder may reasonably
request in order to facilitate the public sale or other disposition of the Registrable Shares covered thereby; 
 (c) if applicable, use
commercially reasonable efforts to register or qualify the Registrable Shares covered by the Registration Statement under the securities or blue sky laws of such jurisdictions as the Selling Holders shall reasonably request; provided,
however, that the Company will not be required to qualify generally to transact business in any jurisdiction where it is not then required to so qualify, take any action that would subject the Company to any material tax in any such jurisdiction
where it is not then so subject, or to take any action that would subject it to general service of process in any such jurisdiction where it is not then so subject; 

  
 12 

 (d) promptly notify each Selling Holder, at any time when a prospectus relating thereto is
required to be delivered by any of them under the Securities Act, of (i) the filing of the Registration Statement or any prospectus or prospectus supplement to be used in connection therewith, or any amendment or supplement thereto, and, with
respect to the Registration Statement or any post-effective amendment thereto, when the same has become effective; and (ii) the receipt of any written comments from the Commission with respect to any filing referred to in clause (i) and
any written request by the Commission for amendments or supplements to the Registration Statement or any prospectus or prospectus supplement thereto; 

(e) (i) immediately notify each Selling Holder, at any time when a prospectus relating thereto is required to be delivered under the
Securities Act, of (A) the happening of any event as a result of which the prospectus or prospectus supplement contained in the Registration Statement, as then in effect, includes an untrue statement of a material fact or omits to state any
material fact required to be stated therein or necessary to make the statements therein not misleading (in the case of any prospectus contained therein, in the light of the circumstances under which such statements were made); (B) the issuance or
express threat of issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement, or the initiation of any proceedings for that purpose; or (C) the receipt by the Company of any notification with respect
to the suspension of the qualification of any Registrable Shares for sale under the applicable securities or blue sky laws of any jurisdiction; and (ii) subject to Section 2.03, following the provision of such notice,
as promptly as practicable amend or supplement the prospectus or prospectus supplement or take other appropriate action so that the prospectus or prospectus supplement does not include an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing and use commercially reasonable efforts to remove a stop order, suspension, threat thereof or
proceedings related thereto; 
 (f) subject to appropriate confidentiality obligations, furnish to each Selling Holder copies of any and all
transmittal letters or other correspondence with the Commission or any other governmental agency or self-regulatory body or other body having jurisdiction (including any domestic or foreign securities exchange) relating to the Registration
Statement; 
 (g) otherwise use commercially reasonable efforts to comply with all applicable rules and regulations of the Commission, and
make available to its security holders, as soon as reasonably practicable, an earnings statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder; 

(h) use commercially reasonable efforts to cause all such Registrable Shares registered pursuant to this Agreement to be listed on the
principal securities exchange or nationally recognized quotation system on which the Common Stock is then listed; 

  
 13 

 (i) use commercially reasonable efforts to cause the Registrable Shares to be registered with or
approved by such other governmental agencies or authorities as may be necessary by virtue of the business and operations of the Company to enable the Selling Holders to consummate the disposition of such Registrable Shares; 

(j) provide a transfer agent and registrar for all Registrable Shares covered by such Registration Statement and a CUSIP number for all such
Registrable Shares, in each case, not later than the effective date of the Registration Statement, and in the case of any Shelf Registration Statement, deliver to the Company’s transfer agent on the date such Shelf Registration Statement is
declared effective by the Commission written notice that such Shelf Registration Statement has been declared effective and may be used for resales of Registrable Shares; 

(k) if requested by a Selling Holder, (i) incorporate in a prospectus supplement or post-effective amendment such information as such
Selling Holder reasonably requests in writing to be included therein relating to the sale and distribution of Registrable Shares, including information with respect to the number of Registrable Shares being offered or sold, the purchase price being
paid therefor and any other terms of the offering of the Registrable Shares to be sold in such offering, and (ii) make all required filings of such prospectus supplement or post-effective amendment after being notified of the matters to be
incorporated in such prospectus supplement or post-effective amendment; 
 (l) make available upon reasonable notice at reasonable times and
for reasonable periods for inspection by any Selling Holder of Registrable Shares, any underwriter participating in any disposition pursuant to such Registration Statement, and any attorney, accountant or other agent retained by any such Selling
Holder or underwriter (collectively, the “Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company (collectively, the “Records”), and cause the Company’s
officers, directors and employees to supply all information reasonably requested by any such Inspector in connection with such Registration Statement; provided, that the Company need not disclose any
non-public information to any such person unless and until such person has entered into a confidentiality agreement with the Company on terms reasonably acceptable to the Company and such third party; 

(m) permit any Holder that, in the reasonable judgment of such Holder and its counsel might be deemed to be an underwriter or a controlling
person of the Company, to participate in the preparation of such Registration Statement and to require the insertion therein of language, furnished to the Company in writing, which in the reasonable judgment of such Holder and its counsel should be
included; 
 (n) in the event of the issuance of any stop order suspending the effectiveness of a Registration Statement, or of any order
suspending or preventing the use of any related prospectus or suspending the qualification of any Registrable Shares included in such Registration Statement for sale in any jurisdiction, use commercially reasonable efforts promptly to obtain the
withdrawal of such order; and 

  
 14 

 (o) otherwise use commercially reasonable efforts to take all other steps necessary to effect the
registration of such Registrable Shares contemplated hereby. 
 For the avoidance of doubt, references in this
Section 2.06 to the Company using commercially reasonable efforts with respect to specific actions described herein above do not diminish or alter the Company’s obligations to use best efforts pursuant to
Section 2.01(a) to file and cause the Shelf Registration Statement to be declared effective by the Effectiveness Deadline and the Company’s obligations to use best efforts pursuant to
Section 2.01(e) to cause the Shelf Registration Statement to remain effective, and, subject to Section 2.03, to be supplemented and amended to the extent necessary to ensure that the Shelf
Registration Statement is available for the resale of all of the Registrable Shares by the Holders throughout the Effectiveness Period. 

Each Selling Holder, upon receipt of notice from the Company of the happening of any event of the kind described in subsection (e) of
this Section 2.06, shall forthwith discontinue offers and sales of the Registrable Shares by means of a prospectus or prospectus supplement until such Selling Holder’s receipt of the copies of the supplemented or
amended prospectus contemplated by subsection (e) of this Section 2.06 or until it is advised in writing by the Company that the use of the prospectus may be resumed and has received copies of any additional or
supplemental filings incorporated by reference in the prospectus, and, if so directed by the Company, such Selling Holder will deliver to the Company (at the Company’s expense) all copies in their possession or control, other than permanent
file copies then in such Selling Holder’s possession, of the prospectus covering such Registrable Shares current at the time of receipt of such notice. 

Section 2.07 Cooperation by Holders. 

The Company shall have no obligation to include Registrable Shares of a Holder in a Registration Statement who has failed to furnish, within
five (5) Business Days of a request by the Company, such information that the Company determines, after consultation with its counsel, is reasonably required in order for the Registration Statement or prospectus supplement, as applicable, to
comply with the Securities Act. The Company may require each Holder to furnish to the Company a written statement as to the aggregate number of shares of Common Stock beneficially owned by such Holder. Without limiting the foregoing, with respect to
the Shelf Registration Statement, each Holder agrees to furnish to the Company a completed questionnaire in the form attached to this Agreement as Annex A (a “Selling Holder Questionnaire”) on a date that
is not less than ten (10) Business Days after the Closing Date or three (3) Business Days following the date on which such Holder receives draft materials in accordance with Section 2.06(b). 

Section 2.08 [Intentionally Omitted]. 

Section 2.09 Expenses. 

The Company will pay all Registration Expenses. Each Selling Holder shall bear or pay its pro rata share (based on Registrable Shares sold
hereunder) of all Selling Expenses in connection with any sale of its Registrable Shares hereunder. 

  
 15 

 Section 2.10 Indemnification and Contribution. 

(a) Indemnification by the Company. The Company shall indemnify and hold harmless each Selling Holder, its directors, officers managers,
employees, investment managers, agents and Affiliates and each other Person, if any, who controls such Selling Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act from and against any losses,
claims, damages or liabilities, joint or several (collectively, “Losses”) to which such Selling Holder or any such director, officer or controlling person may become subject, under the Securities Act or otherwise, insofar as such
Losses (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon (i) any untrue statement or alleged untrue statement of any material fact contained in any Registration Statement or any
preliminary prospectus, free writing prospectus or final prospectus contained therein or related thereto, or any amendment or supplement thereto, or any omission or alleged omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading (in the case of any prospectus, in the light of the circumstances under which such statements were made), or (ii) any violation or alleged violation by the Company of the Securities Act,
the Exchange Act, any state securities law, or any rule or regulations promulgated under the Securities Act, or the Exchange Act or any state securities law applicable to the Company and relating to action or inaction required of the Company in
connection with any such registration, qualification or compliance required under this Agreement, and the Company will promptly reimburse such Selling Holder and each such director, officer, manager, employee, investment manager, agent, Affiliate
and controlling person for reasonably and documented legal or any other expenses reasonably incurred by them in connection with investigating or defending any such Losses, actions or proceedings (collectively, “Expenses”);
provided that the Company shall not be liable in any such case to the extent that (i) any such Losses or Expenses arise out of or are based upon an untrue statement or alleged untrue statement or omission or alleged omission made in such
Registration Statement, preliminary prospectus, free writing prospectus, final prospectus, amendment or supplement in reliance upon and in conformity with information furnished to the Company in writing or electronically by or on behalf of such
Selling Holder expressly for use in the preparation thereof, (ii) the Selling Holder continued to use a Registration Statement or Prospectus after the Company notified such Selling Holder to cease such use pursuant to
Section 2.03(e) or (iii) the Company provided a corrected, supplemented or amended Registration Statement or Prospectus, and such corrected, supplemented or amended Registration Statement or Prospectus would have cured
the defect giving rise to such Losses or Claim, but the Selling Holder continued to use the then outdated or uncorrected Registration Statement or Prospectus. Such indemnity shall remain in full force and effect regardless of any investigation made
by or on behalf of such Selling Holder or any such director, officer or controlling person and shall survive the transfer of such securities by such Selling Holder. 

(b) Indemnification by Selling Holders. Each Selling Holder, severally and not jointly and severally, will indemnify and hold harmless
the Company, its directors and officers and each other Person, if any, who controls the Company within the meaning of the Section 15 of the Securities Act or Section 20 of the Exchange Act from and against any Losses to which the Company
or any such director, officer or controlling person may become subject, under the Securities Act or otherwise, and will reimburse them for any Expenses reasonably incurred by any of them (in each case in the same manner and to the same extent as set
forth in Section  

  
 16 

 
2.10(a)), insofar as such Losses (or actions or proceedings, whether commenced or threatened, in respect thereof) or Expenses arise out of or are based upon any untrue statement or alleged
untrue statement of any material fact contained in any Registration Statement or any preliminary prospectus, free writing prospectus or final prospectus contained therein or related thereto, or any amendment or supplement thereto, or any omission or
alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading (in the case of any prospectus, in the light of the circumstances under which such statements were made), if
such statement or alleged statement or omission or alleged omission was made in reliance upon and in conformity with information furnished to the Company in writing or electronically by or on behalf of such Selling Holder expressly for use in the
preparation thereof (it being understood that any Selling Holder Questionnaire furnished by such Selling Holder is furnished expressly for this purpose). Such indemnity shall remain in full force and effect, regardless of any investigation made by
or on behalf of the Company or any such director, officer or controlling person and shall survive the transfer of such securities by such Selling Holder. 

(c) Notices of Claims; Indemnification Procedures. In case any proceeding (including any governmental investigation) shall be instituted
involving any Person in respect of which indemnity may be sought pursuant to Section 2.10(a) or Section 2.10(b), such Person (the “Indemnified Party”) shall promptly notify the
Person against whom such indemnity may be sought (the “Indemnifying Party”) in writing (provided that the failure of the Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its
obligations under this Section 2.10, except to the extent the Indemnifying Party is actually prejudiced by such failure to give notice), and the Indemnifying Party shall be entitled to participate in such proceeding and,
unless in the reasonable opinion of outside counsel to the Indemnified Party a conflict of interest between the Indemnified Party and Indemnifying Party may exist in respect of such claim, to assume the defense thereof jointly with any other
Indemnifying Party similarly notified, to the extent that it chooses, with counsel reasonably satisfactory to such Indemnified Party, and after notice from the Indemnifying Party to such Indemnified Party that it so chooses, the Indemnifying Party
shall not be liable to such Indemnified Party for any legal or other Expenses subsequently incurred by such Indemnified Party in connection with the defense thereof other than reasonable costs of investigation and costs incurred by the Indemnified
Party as a witness or deponent in such matter; provided, however, that (i) if the Indemnifying Party fails to assume the defense or employ counsel reasonably satisfactory to the Indemnified Party, (ii) if such Indemnified
Party who is a defendant in any action or proceeding which is also brought against the Indemnifying Party reasonably shall have concluded that there may be one or more legal defenses available to such Indemnified Party that are not available to the
Indemnifying Party or (iii) if representation of both parties by the same counsel is otherwise inappropriate under applicable standards of professional conduct then, in any such case, the Indemnified Party shall have the right to assume or
continue its own defense as set forth above (but with no more than one firm of counsel for all Indemnified Parties (plus one firm of local counsel for all Indemnified Parties in each relevant jurisdiction)), and the Indemnifying Party shall be
liable for any Expenses therefor. No Indemnifying Party shall, without the written consent of the Indemnified Party, effect the settlement or compromise of, or consent to the entry of any judgment with respect to, any pending or threatened action or
claim in respect of which indemnification or contribution may be sought hereunder (whether or not the Indemnified Party is an actual or potential party to such action or claim) unless such settlement, compromise or judgment (A) includes an
unconditional release of the Indemnified Party from all liability arising out of such action or claim and (B) does not include a statement as to, or an admission of, fault, culpability or a failure to act, by or on behalf of any Indemnified
Party. 

  
 17 

 (d) Contribution. 

(i) If the indemnification provided for in this Section 2.09 is unavailable to an Indemnified Party
in respect of any Losses in respect of which indemnity is to be provided hereunder, then each Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall to the fullest extent permitted by law contribute to the amount paid or payable
by such Indemnified Party as a result of such Losses in such proportion as is appropriate to reflect the relative fault of such party in connection with the statements or omissions that resulted in such Losses, as well as any other relevant
equitable considerations. The relative fault of the Company (on the one hand) and any Selling Holder (on the other hand) shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or
the omission or alleged omission to state a material fact relates to information supplied by such party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

(ii) The Company and each Holder agree that it would not be just and equitable if contribution pursuant to this
Section 2.09(d) were determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to in Section 2.09(d)(i). The amount
paid or payable by an Indemnified Party as a result of the Losses referred to in Section 2.09(d)(i) shall be deemed to include, subject to the limitations set forth above, any Expenses reasonably incurred by such
Indemnified Party in connection with investigating or defending any such action or claim. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any
Person who was not guilty of such fraudulent misrepresentation. 
 (e) Underwritten Offerings. Notwithstanding the foregoing, to the
extent that the provisions on indemnification and contribution contained in the underwriting agreement entered into in connection with an Underwritten Offering with respect to the Registrable Shares are in conflict with the foregoing provisions, the
provisions in the underwriting agreement shall control. 
 (f) Limitation of Holders’ Liability. Notwithstanding the provisions
of this Section 2.09, no Holder shall be liable for indemnification or contribution pursuant to this Section 2.09 for any amount in excess of the net proceeds received by such Holder from the sale
of Registrable Shares pursuant to a Registration Statement. 
 (g) Indemnification Payments. The indemnification and contribution
required by this Section 2.09 shall be made by periodic payments of the amount of any such Losses or Expenses as and when bills are received or such Losses or Expenses are incurred. 

  
 18 

 Section 2.11 Rule 144 Reporting. 

With a view to making available the benefits of certain rules and regulations of the Commission that may permit the sale of the Registrable
Shares to the public without registration, to the extent it shall be required to do so under the Exchange Act, the Company agrees to use reasonable best efforts to: 

(a) make and keep public information regarding the Company available, as those terms are understood and defined in Rule 144 under the
Securities Act, at all times from and after the date hereof; 
 (b) file with the Commission in a timely manner all reports and other
documents required of the Company under the Securities Act and the Exchange Act at all times from and after the date hereof; and 
 (c) so
long as a Holder owns any Registrable Shares, (i) furnish to a Holder promptly upon request a written statement by the Company as to its compliance with the reporting requirements of Rule 144 and of the Securities Act and the Exchange Act and
(ii) furnish to a Holder, unless otherwise made available via EDGAR, promptly upon request a copy of the most recent annual or quarterly report of the Company, and such other reports and documents so filed as such Holder may reasonably request
in availing itself of any rule or regulation of the Commission allowing such Holder to sell any such securities without registration. 

Section 2.12 Transfer or Assignment of Registration Right; Restriction on Granting Conflicting Registration Rights. 

(a) The rights to cause the Company to register Registrable Shares granted to the Holders by the Company under this Article II may be
transferred or assigned by the Holders only to one or more Permitted Transferees; provided, however, that (i) the Company is given written notice prior to such transfer or assignment, stating the name and address of each such
Permitted Transferee and identifying the Registrable Shares with respect to which such registration rights are being transferred or assigned and (ii) each such Permitted Transferee assumes in writing responsibility for its portion of the
obligations of the transferor under this Agreement. 
 (b) Except for this Agreement and the Anticipated Rights Agreements, the Company has
not granted any registration rights with respect to Company Securities that are currently in effect. The Company represents that the Anticipated Rights Agreements, when effective, shall not conflict with or interfere with the rights granted to the
Holders of Registrable Shares in this Agreement. 
 ARTICLE III 

MISCELLANEOUS 

Section 3.01 Communications. 

All notices and other communications provided for or permitted hereunder shall be made in writing by electronic mail, courier service or
personal delivery: 

  
 19 

 (a) if to a Holder, to such Holder at its address set forth in its Selling Holder Questionnaire
or provided pursuant to Section 2.12, as applicable; and 
 (b) if to the Company, to it at: 

Northern Oil and Gas, Inc. 
 601
Carlson Pkwy – Suite 990 
 Minnetonka, Minnesota 55305 

Attention: General Counsel 

Email: eromslo@northernoil.com 
 ; or, in each
case, to such other address for such party as shall have been communicated by such party by like notice. 
 All such notices and
communications shall be deemed to have been received at the time delivered by hand, if personally delivered; when delivery confirmed (including by electronic delivery confirmation), if sent by electronic mail; and when actually received, if sent by
courier service. 
 Section 3.02 Successors and Assigns. 

This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each of the parties, including
subsequent Holders of Registrable Shares to the extent permitted herein; provided, however, that all or any portion of the rights and obligations of any Holder under this Agreement may be transferred or assigned by such Holder only in
accordance with Section 2.12. 
 Section 3.03 Recapitalization, Exchanges, Etc. Affecting the Shares.

 The provisions of this Agreement shall apply to the full extent set forth herein with respect to any and all shares of the Company or any
successor or assign of the Company (whether by merger, consolidation, sale of assets or otherwise) that may be issued in respect of, in exchange for or in substitution of, the Registrable Shares, and shall be appropriately adjusted for combinations,
share splits, recapitalizations, pro rata distributions of shares and the like occurring after the date of this Agreement. 

Section 3.04 Aggregation of Registrable Shares. 

All Registrable Shares held or acquired by Persons who are Affiliates of one another shall be aggregated together for the purpose of
determining the availability of any rights and applicability of any obligations under this Agreement. 
 Section 3.05 Specific
Performance. 
 Damages in the event of breach of this Agreement by a party hereto may be difficult, if not impossible, to ascertain, and
it is therefore agreed that each such Person, in addition to and without limiting any other remedy or right it may have, will have the right to an injunction or other equitable relief in any court of competent jurisdiction, enjoining any such
breach, and 

  
 20 

 
enforcing specifically the terms and provisions hereof, and each of the parties hereto hereby waives any and all defenses it may have on the ground of lack of jurisdiction or competence of the
court to grant such an injunction or other equitable relief. The existence of this right will not preclude any such Person from pursuing any other rights and remedies at law or in equity that such Person may have. 

Section 3.06 Counterparts. 

This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which
counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same Agreement. 

Section 3.07 Headings. 

The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof. 

Section 3.08 Governing Law. 

THIS AGREEMENT, AND ALL CLAIMS OR CAUSES OF ACTION (WHETHER IN CONTRACT OR TORT) THAT MAY BE BASED UPON, ARISE OUT OF OR RELATE TO THIS
AGREEMENT OR THE NEGOTIATION, EXECUTION OR PERFORMANCE OF THIS AGREEMENT (INCLUDING ANY CLAIM OR CAUSE OF ACTION BASED UPON, ARISING OUT OF OR RELATED TO ANY REPRESENTATION OR WARRANTY MADE IN OR IN CONNECTION WITH THIS AGREEMENT), WILL BE CONSTRUED
IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. ANY ACTION AGAINST ANY PARTY RELATING TO THE FOREGOING SHALL BE BROUGHT IN ANY FEDERAL OR STATE COURT OF COMPETENT JURISDICTION
LOCATED WITHIN THE STATE OF NEW YORK, AND THE PARTIES HERETO HEREBY IRREVOCABLY SUBMIT TO THE NON-EXCLUSIVE JURISDICTION OF ANY FEDERAL OR STATE COURT LOCATED WITHIN THE STATE OF NEW YORK OVER ANY SUCH ACTION.
THE PARTIES HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT THEY MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH DISPUTE BROUGHT IN SUCH COURT OR ANY DEFENSE OF INCONVENIENT FORUM FOR THE
MAINTENANCE OF SUCH DISPUTE. EACH OF THE PARTIES HERETO AGREES THAT A JUDGMENT IN ANY SUCH DISPUTE MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. 

Section 3.09 Severability of Provisions. 

Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the
extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting or impairing the validity or enforceability of such provision in any other jurisdiction. 

  
 21 

 Section 3.10 Entire Agreement. 

This Agreement is intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the
agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein with respect to the rights granted
by the Company set forth herein. This Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter. 

Section 3.11 Amendment. 

This Agreement may be amended only by means of a written amendment signed by the Company and the Holder or Holders of more than fifty percent
(50%) of the aggregate number of Registrable Shares; provided, however, that no such amendment shall materially and adversely affect the rights of any Holder hereunder without the consent of such Holder. 

Section 3.12 No Presumption. 

If any claim is made by a party relating to any conflict, omission or ambiguity in this Agreement, no presumption or burden of proof or
persuasion shall be implied by virtue of the fact that this Agreement was prepared by or at the request of a particular party or its counsel. 

Section 3.13 [Intentionally omitted]. 

Section 3.14 Independent Nature of Holders’ Obligations. 

The obligations of each Holder under this Agreement are several and not joint and several, with the obligations of any other Holder, and no
Holder shall be responsible in any way for the performance of the obligations of any other Holder under this Agreement. Nothing contained herein, and no action taken by any Holder pursuant thereto, shall be deemed to constitute the Holders as a
partnership, an association, a joint venture or any other kind of group or entity, or create a presumption that the Holders are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this
Agreement. Each Holder shall be entitled to independently protect and enforce its rights, including without limitation, the rights arising out of this Agreement, and it shall not be necessary for any other Holder to be joined as an additional party
in any proceeding for such purpose. 
 Section 3.15 Interpretation. 

Article and Section references are to this Agreement, unless otherwise specified. All references to instruments, documents, contracts and
agreements are references to such instruments, documents, contracts and agreements as the same may be amended, supplemented and otherwise modified from time to time, unless otherwise specified. The word “including” shall mean
“including but not limited to.” Whenever any determination, consent or approval is to be made or given by a Holder under this Agreement, such action shall be in such Holder’s sole discretion unless otherwise specified. 

[Signature pages follow] 

  
 22 

 IN WITNESS WHEREOF, the parties hereto execute this Agreement, effective as of the date first
above written. 
  

			
	COMPANY:
	
	NORTHERN OIL AND GAS, INC.
		
	By:	 	 /s/ Erik Romslo

	Name: Erik Romslo
	Title: Executive Vice President, General Counsel and Secretary

 SIGNATURE PAGE TO REGISTRATION
RIGHTS AGREEMENT 

 
			
	SEVERALLY AND NOT JOINTLY FOR EACH ENTITY LISTED BELOW:
	
	TPG SPECIALTY LENDING, INC.
		
	By:	 	 /s/ Joshua W. Easterly

		 	Joshua W. Easterly, CEO
	
	TOP III FINANCE 1, LLC
		
	By:	 	 /s/ Joshua Peck

		 	Josh Peck, Vice President
	
	TAO FINANCE 1, LLC
		
	By:	 	 /s/ Joshua Peck

		 	Josh Peck, Vice President

 SIGNATURE PAGE TO REGISTRATION
RIGHTS AGREEMENT 

 Annex A 

NORTHERN OIL AND GAS, INC. 

Selling Holder Notice and Questionnaire 

The undersigned beneficial owner of Second Lien Notes and/or Common Stock, as applicable (the “Registrable Shares”), of
Northern Oil and Gas, Inc., a Delaware corporation (the “Company”), understands that the Company has filed or intends to file with the Securities and Exchange Commission (the “Commission”) a registration statement
(the “Registration Statement”) for the registration and resale under the Securities Act of 1933, as amended (the “Securities Act”), of the Registrable Shares, in accordance with the terms of the Registration Rights
Agreement (the “Registration Rights Agreement”) to which this document is annexed. A copy of the Registration Rights Agreement is available from the Company upon request at the address set forth below. All capitalized terms not
otherwise defined herein shall have the meanings ascribed thereto in the Registration Rights Agreement. 
 Certain legal consequences arise
from being named as a selling stockholder in the Registration Statement and the related prospectus. Accordingly, holders and beneficial owners of Registrable Shares are advised to consult their own securities law counsel regarding the consequences
of being named or not being named as a selling stockholder in the Registration Statement and the related prospectus. 
 NOTICE 

The undersigned beneficial owner (the “Selling Holder”) of Registrable Shares hereby elects to include the Registrable Shares
owned by it in the Registration Statement. 
 The undersigned hereby provides the following information to the Company and represents and
warrants that such information is accurate: 
 QUESTIONNAIRE 

 

	1.	Name. 

  

	 	(a)	Full Legal Name of Selling Holder 

  

	 	(b)	Full Legal Name of Registered Holder (if not the same as (a) above) through which Registrable Shares are held: 

  
 A-1 

	 	(c)	Full Legal Name of Natural Control Person (which means a natural person who directly or indirectly alone or with others has power to vote or dispose of the securities covered by this Questionnaire): 

 

	2.	Address for Notices to Selling Holder: 

  

			
	  

	  

	  

		
	Telephone:	  	  

	Fax:	  	  

	Contact Person:	  	  

  

	3.	Broker-Dealer Status: 

  

	 	(a)	Are you a broker-dealer? 

  

	 	Yes	☐    No ☐ 

  

	 	(b)	If “yes” to Section 3(a), did you receive your Registrable Shares as compensation for investment banking services to the Company? 

 

	 	Yes	☐    No ☐ 

 Note: If “no” to Section 3(b), the Commission’s
staff has indicated that you should be identified as an underwriter in the Registration Statement. 
  

	 	(c)	Are you an affiliate of a broker-dealer? 

  

	 	Yes	☐    No ☐ 

  

	 	(d)	If you are an affiliate of a broker-dealer, do you certify that you purchased the Registrable Shares in the ordinary course of business, and at the time of the purchase of the Registrable Shares to be resold, you had no
agreements or understandings, directly or indirectly, with any person to distribute the Registrable Shares? 

  

	 	Yes	☐    No ☐ 

 Note: If “no” to Section 3(d), the Commission’s
staff has indicated that you should be identified as an underwriter in the Registration Statement. 

  
 A-2 

	4.	Beneficial Ownership of Securities of the Company Owned by the Selling Holder. 

Except as set forth below in this Item 4, the undersigned is not the beneficial or registered owner of any securities of the Company other
than the securities issuable pursuant to the Exchange Agreement. 
  

	 	(a)	Type and Amount of other securities beneficially owned by the Selling Holder: 

  

			
		  	  

		  	  

  

	5.	Relationships with the Company: 

 Except as set forth below, neither the undersigned
nor any of its affiliates, officers, directors or principal equity holders (owners of 5% of more of the equity securities of the undersigned) has held any position or office or has had any other material relationship with the Company (or its
predecessors or affiliates) during the past two years. 
 State any exceptions here: 

 

			
		  	  

		  	  

 The undersigned agrees to promptly notify the Company of any material inaccuracies or changes in the
information provided herein by the undersigned at any time while the Registration Statement remains effective; provided, that the undersigned shall not be required to notify the Company of any changes to the number of securities held or owned
by the undersigned or its affiliates. 
 By signing below, the undersigned consents to the disclosure of the information contained herein in
its answers to Items 1 through 5 and the inclusion of such information in the Registration Statement and the related prospectus and any amendments or supplements thereto. The undersigned understands that such information will be relied upon by the
Company in connection with the preparation or amendment of the Registration Statement and the related prospectus and any amendments or supplements thereto. 

IN WITNESS WHEREOF the undersigned, by authority duly given, has caused this Notice and Questionnaire to be executed and delivered either in
person or by its duly authorized agent. 
  

							
	Date:	 	  
	  	Beneficial Owner:	  	  

  
 A-3 

 
			
	By:	 	 
	Name:	 	 
	Title:	 	 

 PLEASE EMAIL A .PDF COPY OF THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE, AND RETURN THE ORIGINAL BY OVERNIGHT
MAIL, TO: 
 Northern Oil and Gas, Inc. 
 601 Carlson Pkwy
– Suite 990 
 Minnetonka, Minnesota 55305 
 Attention:
General Counsel 
 Email: eromslo@northernoil.com 

  
 A-4EX-10.5

 Exhibit 10.5 

Execution Version 

SECOND AMENDMENT TO TERM LOAN CREDIT
AGREEMENT 
 This SECOND AMENDMENT TO TERM
LOAN CREDIT AGREEMENT (this “Second Amendment”), dated as of May 15, 2018 (the “Second Amendment Effective Date”), is among Northern Oil and Gas, Inc., a Delaware
corporation (the “Borrower”); TPG Specialty Lending, Inc., as administrative agent (in such capacity, the “Administrative Agent”) and collateral agent (in such capacity, the “Collateral Agent”); and
each of the Lenders party hereto. 
 R E C I T A L S: 

A. The Borrower, the Administrative Agent, the Collateral Agent and the Lenders are parties to that certain Term Loan Credit Agreement dated
as of November 1, 2017 (as amended by that certain Limited Waiver and Amendment to Credit Agreement dated March 18, 2018 (as amended), between the Borrower, the Administrative Agent and the Lenders party thereto and as further amended or
otherwise modified from time to time prior to the date hereof, including the annexes, exhibits and schedules thereto, the “Credit Agreement”; and as amended by this Second Amendment, the “Amended Credit Agreement”),
pursuant to which the Lenders have, subject to the terms and conditions set forth therein, made certain credit available to and on behalf of the Borrower. 

B. On May 9, 2018, the Borrower reincorporated under the laws of the State of Delaware (the “Reincorporation”). 

C. On the Second Amendment Effective Date, the Borrower will, among other things, (i) consummate an issuance of its common stock resulting
in gross proceeds (when aggregated with the issuance of its common stock on each of April 10, 2018 and April 16, 2018) of not less than $140,000,000 (the “Specified Equity Issuance”), (ii) enter into that certain Indenture
dated as of the date hereof, between the Borrower and Wilmington Trust, National Association, as trustee and as collateral agent (the “Trustee”), pursuant to which the Borrower will issue 8.50% Senior Secured Second Lien Notes due
2023 in an aggregate principal amount of $344,279,000 and (iii) exchange outstanding 8.00% Senior Notes due 2020 with an aggregate outstanding principal amount of $496,683,000 for an aggregate of 103,249,915 shares of its common stock and the
Second Lien Notes described in the preceding clause (iii) (the “Exchange”; together with the Specified Equity Issuance and the issuance of the Second Lien Notes, collectively, the “Transactions”). 

D. In connection with the issuance of the Second Lien Notes, the Borrower, the Administrative Agent and the Trustee will enter into that
certain Intercreditor Agreement, dated as of the date hereof which is attached hereto as Exhibit A (the “Intercreditor Agreement”). 

E. In connection with the Transactions, the parties hereto have agreed to amend certain terms of the Credit Agreement as set forth herein, to
be effective as of the Second Amendment Effective Date. 
 F. Subject to and upon the terms and conditions set forth herein, the undersigned
Lenders have agreed to enter into this Second Amendment to amend certain provisions of the Credit Agreement as more specifically provided for herein. 

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

Section 1. Defined Terms. Each capitalized term which is defined in the Credit Agreement, but which is not defined in this Second
Amendment, shall have the meaning ascribed to such term in the Amended Credit Agreement. 
 Section 2. Amendments. In reliance
on the representations, warranties, covenants and agreements contained in this Second Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, the Credit Agreement shall be
amended effective as of the Second Amendment Effective Date as follows: 
 2.1 Section 1.02 of the Credit Agreement is hereby amended as
follows: 
 (a) the definition of “Approved Petroleum Engineers” is hereby amended and restated in its entirety to read as follows:

 “Approved Petroleum Engineers” means (a) Ryder Scott Company Petroleum Consultants, L.P., (b)
Netherland, Sewell & Associates, Inc., (c) Cawley, Gillespie & Associates, Inc., and, in each case, any and all successors thereto, and (d) any other independent petroleum engineers reasonably acceptable to the Administrative
Agent. 
 (b) the definition of “Call Protection Amount” is hereby amended and restated in its entirety to read as follows: 

“Call Protection Amount” means: 

(a) in the case of the Initial Term Loans, an amount equal to the applicable percentage set forth in the table below of any payment,
refinancing, substitution or replacement of principal of the Initial Loans based on the number of months elapsed since the Second Amendment Effective Date, including any payment made in accordance with Section 3.01, Section 3.04 or
Section 10.02(a) (or in the case of an acceleration of any Loans pursuant to Section 10.02(a), the applicable percentage set forth in the table below of the principal amount of the Loans accelerated): 

 

					
	 Relevant period (number of months elapsed since

the Second Amendment Effective Date)
	  	Call Protection Amount as a
percentage of the amount
so repaid (or accelerated)	 
	 On or prior to 36 months after the Second Amendment Effective Date
	  	 	4.00	% 
	 After 36 months but on or prior to 48 months after the Second Amendment Effective Date
	  	 	2.00	% 

  
 Page 2 

 and 

(b) in the case of the Delayed Draw Loans, an amount equal to the applicable percentage set forth in the table below of any payment,
refinancing, substitution or replacement of principal of such Delayed Draw Loans based on the number of months elapsed since the date that the applicable Delayed Draw Loan was funded, including any payment made in accordance with Section 3.01,
Section 3.04 or Section 10.02(a) (or in the case of an acceleration of any Loans pursuant to Section 10.02(a), the applicable percentage set forth in the table below of the principal amount of the Loans accelerated): 

 

					
	 Relevant period (number of months elapsed since

the funding date of applicable Delayed Draw Loan)
	  	Call Protection Amount as a
percentage of the amount
so repaid (or accelerated)	 
	 On or prior to 36 months after the date of funding of such Delayed Draw Loan
	  	 	4.00	% 
	 After 36 months but on or prior to 48 months after the date of funding of such Delayed Draw
Loan
	  	 	2.00	% 

 In the case of each of the foregoing clauses (a) and (b), if any acceleration occurs prior to such dates,
the applicable Call Protection Amount shall be due and payable, regardless of when any payment is made on the Loans. 
 (c) Clause
(a) of the definition of “Debt” is hereby amended and restated in its entirety to read as follows: 
 (a) all obligations of
such Person for borrowed money or evidenced by bonds, bankers’ acceptances, debentures, notes or other similar instruments including, without limitation, all interest, premiums and call protection (if any), yield maintenance amounts (if any),
make-whole amounts (if any), fees, indemnities, reimbursement obligations and expenses payable in connection therewith; 
 (d) the definition
of “Existing Notes” is hereby amended and restated in its entirety to read as follows: 
 “Existing
Notes” means the 8.000% Senior Notes due 2020 issued by the Borrower outstanding on the Second Amendment Effective Date immediately after giving effect to the issuance of the Second Lien Notes and the transactions contemplated under the
Exchange Agreement. 
 (e) clause (b)(iii) of the definition of “Net Cash Proceeds” is hereby amended to add the words “or the
Second Lien Notes or any other Permitted Junior Lien Debt” inside the parenthetical thereof immediately following the words “this Agreement”. 

  
 Page 3 

 (f) the definition of “Permitted Acquisition” is hereby amended and restated in its
entirety read as follows: 
 “Permitted Acquisition” means any acquisition after the Effective Date by the
Borrower or any Guarantor of upstream Oil and Gas Properties if each such acquisition meets all of the following requirements: 

(a) no less than five (5) Business Days (or such shorter time as the Administrative Agent may agree in its sole
discretion) prior to the proposed closing date of any Material Acquisition, the Borrower shall have delivered a written notice and description of such Material Acquisition to the Administrative Agent, which notice shall include the proposed closing
date of such Material Acquisition, together with all material agreements, documents and instruments in respect of such acquisition, including, without limitation, the purchase, sale or transfer agreements therefor, pro forma financial information
necessary to determine the Borrower’s and its Subsidiaries’ compliance with the terms of this Agreement after giving effect to such Material Acquisition, and all Security Instruments required by this Agreement; provided that the Borrower
shall not be required to provide the foregoing notice and related documents with respect to any De Minimis Acquisition consummated during a De Minimis Acquisition Period; 

(b) each applicable Credit Party shall have complied with the requirements of Section 8.14(b); 

(c) both before and after giving effect to any Material Acquisition, no Default or Event of Default shall have occurred and be
continuing; 
 (d) both before and after giving effect to any Material Acquisition, the Borrower is in pro forma compliance
with Section 9.01 and the PDP Coverage Ratio is equal to or greater than 1.40 to 1.00; provided that the foregoing shall not apply to any De Minimis Acquisition consummated during a De Minimis Acquisition Period; 

(e) both before and after giving effect to any Material Acquisition, the Credit Parties shall be in compliance with
Section 9.06; and 
 (f) such acquisition is permitted under the Indenture. 

(g) the definition of “Permitted Junior Lien Debt” is hereby amended and restated in its entirety to read as follows: 

“Permitted Junior Lien Debt” means Debt secured by a Lien junior in priority to the Liens securing the Secured
Obligations and satisfies the following conditions: (a) such Debt does not have an interest rate that would cause any non-compliance with Section 9.22; (b) such Debt (or the documents governing such
Debt) shall not contain (i) any individual financial maintenance covenant, (ii) an event of default that is more restrictive or onerous with respect to the Borrower and the Subsidiaries than any event of default in this Agreement, unless
this Agreement is validly amended substantially contemporaneously with the issuance or incurrence of such Debt (or occurrence of such other event, such as an exchange or conversion, that causes such Debt to become

  
 Page 4 

 
outstanding) to include such applicable and more restrictive events of default, (iii) any covenants (other than financial maintenance covenants, which are addressed in clause (i) above)
that, taken as a whole, are more onerous or restrictive with respect to the Borrower and the Subsidiaries than the covenants in this Agreement, unless this Agreement is validly amended substantially contemporaneously with the issuance or incurrence
of such Debt (or occurrence of such other event, such as an exchange or conversion, that causes such Debt to become outstanding) to include such applicable and more restrictive or onerous covenants, (iv) restrictions on the ability of the
Borrower or any of its Subsidiaries to guarantee the Secured Obligations or to pledge assets as collateral security for the Secured Obligations, or (v) any prohibition on the prior repayment of any Secured Obligations; (c) the Liens
securing such Debt are subordinated to the Liens securing the Secured Obligations and such Liens and the terms of such Debt are subject to the Second Lien Intercreditor Agreement and the security documents creating junior liens securing such Debt
shall be in the form required by the Intercreditor Agreement (or if requested by the Borrower, such other form reasonably acceptable to the Administrative Agent); (d) at the time of issuing or incurring such Debt (or the occurrence of such other
event, such as an exchange or conversion, that causes such Debt to become outstanding) (i) no Default has occurred and is then continuing, (ii) no Default would result from the incurrence of such Debt after giving effect to the incurrence
of such Debt, and (iii) after giving effect to the issuance or incurrence (or otherwise becoming outstanding) thereof, the Borrower is in pro forma compliance with the financial covenants contained in Section 9.01, (e) the terms of such
Debt (or the documents governing such Debt) do not provide for a maturity date or any scheduled principal repayment, mandatory principal redemption or sinking fund obligation in each case prior to the 180th day after the Maturity Date (other than
customary offers to purchase upon a change of control, asset sale, or casualty or condemnation event (so long as any such mandatory prepayment or offer to purchase in respect of any asset sale, casualty or condemnation event is made subject to the
applicable prepayment provisions set forth in this Agreement) and customary acceleration rights after an event of default), and (f) substantially contemporaneously with the issuance or incurrence (or the occurrence of such other event, such as
an exchange or conversion, that causes such Debt to become outstanding) of such Debt, the definitions of “Call Protection Amount” and “Yield Maintenance Amount” contained in this Agreement and any related provisions of this
Agreement are validly amended to the extent necessary so that the time periods (including the time periods with respect to the Initial Term Loans, which for the avoidance of doubt, shall be amended so that such time periods are deemed to commence on
the date that such Permitted Junior Lien Debt is incurred) and percentages contained in the call protection, prepayment premium and yield maintenance provisions applicable to the Loans are no less favorable (from the perspective of the Lenders) than
the more favorable (from the perspective of the Lenders) of the time periods and percentages for the call protection, prepayment premium and yield maintenance provisions of such Debt. 

(h) the definition of “Permitted Refinancing Debt” is hereby amended and restated in its entirety as follows: 

  
 Page 5 

 “Permitted Refinancing Debt” means Debt (for purposes of this
definition, “new Debt”) incurred in exchange for, or proceeds of which are used to substantially contemporaneously refinance, all of any other Debt (the “Refinanced Debt”); provided that (a) such new Debt is in an
aggregate principal amount not in excess of the sum of (i) the aggregate principal amount then outstanding of the Refinanced Debt (or, if the Refinanced Debt is exchanged or acquired for an amount less than the principal amount thereof to be
due and payable upon a declaration of acceleration thereof, such lesser amount) and (ii) an amount necessary to pay any accrued and unpaid interest thereon and any fees and expenses, including premiums, related to such exchange or refinancing;
(b) such new Debt has (i) a stated maturity no earlier than the later of (A) the stated maturity of the Refinanced Debt and (B) the date that is 180 days following the Maturity Date and (ii) an average life no shorter than
the average life of the Refinanced Debt; (c) such new Debt does not have an interest rate that would cause any non-compliance with Section 9.22; (d) such new Debt does not contain (i) any
individual financial maintenance covenant or any event of default that, in the case of any individual event of default, is more restrictive or onerous with respect to the Borrower and the Subsidiaries than any individual event of default in the
Refinanced Debt or this Agreement, or (ii) any covenants (other than financial maintenance covenants) that, taken as a whole, are more onerous or restrictive with respect to the Borrower and the Subsidiaries than the covenants in the Refinanced
Debt or this Agreement; (e) if the Refinanced Debt is contractually subordinated to the Secured Obligations, such new Debt (and any guarantees thereof) is subordinated in right of payment to the Secured Obligations (or, if applicable, the
Guaranty Agreement) to at least the same extent as the Refinanced Debt and is otherwise subordinated pursuant to an intercreditor agreement reasonably satisfactory to the Administrative Agent; (f) if the Refinanced Debt is unsecured, such new
Debt is unsecured; (g) the terms of Permitted Refinancing Debt do not provide for any scheduled principal repayment, mandatory principal redemption or sinking fund obligation prior to the 180th day after the Maturity Date (other than customary
offers to purchase upon a change of control, asset sale, or casualty or condemnation event (so long as any such mandatory prepayment or offer to purchase in respect of any asset sale, casualty or condemnation event is made subject to the applicable
prepayment provisions set forth in this Agreement) and customary acceleration rights after an event of default); and (h) if the Refinanced Debt is secured, such new Debt shall be either unsecured or secured; provided that to the extent such new
Debt is secured, such new Debt shall be subject at all times to the Second Lien Intercreditor Agreement and any security documents creating junior liens securing such new Debt shall be in the form required by the Intercreditor Agreement (or, if
requested by the Borrower, such other form reasonably acceptable to the Administrative Agent). 
 (i) the definition of “Second Lien
Intercreditor Agreement” is hereby amended and restated in its entirety as follows: 
 “Second Lien
Intercreditor Agreement” means that certain Intercreditor Agreement dated as of May 15, 2018, between the Administrative Agent, as Original Priority Lien Agent (as defined therein) and Wilmington Trust, National Association, as
Original Second Lien Agent (as defined therein) and acknowledged by the Borrower and certain of its subsidiaries, as amended, supplemented, amended and restated or otherwise modified and in effect from time to time in accordance with the terms
thereof and with this Agreement. 

  
 Page 6 

 (j) the definition of “Yield Maintenance Amount” is hereby amended and restated in its
entirety to read as follows: 
 “Yield Maintenance Amount” means an amount equal to the sum of: 

(a) (i) in the case of the Initial Loans, for any payment, refinancing, substitution or replacement with respect to such Initial Loans,
including any payment made in accordance with Section 3.01, Section 3.04 or Section 10.02(a) (it being agreed that, in the case of an acceleration of any Loans pursuant to Section 10.02(a), the principal amount of the Initial
Loans accelerated shall be deemed to have been paid on the date of acceleration solely for purposes of calculating the Yield Maintenance Amount) in each case paid or deemed paid prior to the two year anniversary of the Second Amendment Effective
Date an amount equal to the difference (which shall not be less than zero) of (A) the aggregate amount of interest (including, without limitation, interest payable in cash, in kind or deferred) which would have otherwise been payable on the
amount of the principal repayment from the date of repayment (or deemed repayment in the case of an acceleration of the Loans) or reduction until the two year anniversary of the Second Amendment Effective Date, minus (B) the aggregate
amount of interest Lenders would earn if the repaid (or deemed repaid in the case of an acceleration of the Loans) or reduced principal amount were reinvested for the period from the date of prepayment (or deemed prepayment in the case of an
acceleration of the Loans) or reduction until the two year anniversary of the Second Amendment Effective Date at the Treasury Rate, 

plus 
 (ii) in the case of
any Delayed Draw Loan, for any payment, refinancing, substitution or replacement with respect to such Delayed Draw Loans, including any payment made in accordance with Section 3.01, Section 3.04 or Section 10.02(a) (it being agreed
that, in the case of an acceleration of any Loans pursuant to Section 10.02(a), the principal amount of the Loans accelerated shall be deemed to have been paid on the date of acceleration solely for purposes of calculating the Yield Maintenance
Amount) in each case paid or deemed paid prior to the two year anniversary of the funding date of the applicable Delayed Draw Loan, an amount equal to the difference (which shall not be less than zero) of (A) the aggregate amount of interest
(including, without limitation, interest payable in cash, in kind or deferred) which would have otherwise been payable on the amount of the principal repayment from the date of repayment (or deemed repayment in the case of an acceleration of the
Loans) or reduction until the two year anniversary of the funding date of the applicable Delayed Draw Loan, minus (B) the aggregate amount of interest Lenders would earn if the repaid (or deemed repaid in the case of an acceleration of
the Loans) or reduced principal amount were reinvested for the period from the date of prepayment (or deemed prepayment in the case of an acceleration of the Loans) or reduction until the two year anniversary of the funding date of the applicable
Delayed Draw Loan at the Treasury Rate, 

  
 Page 7 

 plus 

(b) solely to the extent that the Loans are refinanced in full prior to the date that is 18 months following the Effective Date, an amount
equal to the present value (discounted at the Treasury Rate) of the fee that would have accrued under Section 3.05(a) on the undrawn Delayed Draw Commitments (without giving effect to any optional termination or reduction of the Delayed Draw
Commitments pursuant to Section 2.06(b)) through the earlier of (i) the date that is one year following the date of such refinancing and (ii) the date that is 18 months following the Effective Date. 

Notwithstanding the foregoing, to the extent the Yield Maintenance Amount becomes due and payable as a result of the occurrence of an Event of
Default or acceleration of the Loans, the interest rate to be used in calculating the Yield Maintenance Amount pursuant to clause (a)(i) of the preceding sentence shall be the interest rate set forth in Section 3.02(b). The term
“Treasury Rate” shall mean a rate per annum (computed on the basis of actual days elapsed over a year of 360 days) equal to the rate determined by Administrative Agent on the date three (3) Business Days prior to the date of
repayment (or deemed repayment), to be the yield expressed as a rate listed in The Wall Street Journal for United States Treasury securities having a term of no greater than the period for the remaining months until, in the case of the Initial Term
Loans, the two year anniversary of the Second Amendment Effective Date and, in the case of Delayed Draw Loans, the two year anniversary of the funding date of the applicable Delayed Draw Loan. 

(k) the following new defined terms are added in the correct alphabetical order as follows: 

“De Minimis Acquisition” means any Material Acquisition (whether in an individual transaction or a series of
related transactions) by the Borrower or its Subsidiaries of Property for which (a) the consideration for such acquisition is less than $2,500,000 and (b) the aggregate consideration of all such acquisitions during the De Minimis
Acquisition Period in which such acquisition is consummated does not exceed $20,000,000. 
 “De Minimis Acquisition
Period” means any period between the Borrower’s delivery of two successive compliance certificates pursuant to Section 8.01(c) if the most recent compliance certificate delivered by the Borrower pursuant to Section 8.01(c)
demonstrates that the PDP Coverage Ratio as of the last day of the fiscal period covered by such compliance certificate was equal to or greater than 1.60 to 1.00. 

“Exchange Agreement” means the Exchange Agreement dated as of January 31, 2018, by and among the Borrower
and the Participating Holders (as defined therein) as amended prior to and as in effect on the Second Amendment Effective Date. 

“Indenture” means that certain Indenture, dated as of May 15, 2018 between the Borrower and Wilmington
Trust, National Association, as may be amended, amended and restated, restated, supplemented, refinanced, replaced, extended or otherwise modified in accordance with the terms thereof and the terms of this Agreement and the Second Lien Intercreditor
Agreement. 

  
 Page 8 

 “Mortgage Threshold EBITDAX” means, as of any date of
determination, the sum of Consolidated Net Income for the most recently ended four fiscal quarters (including any such quarter ending on such date of determination) plus the following expenses or charges to the extent deducted from
Consolidated Net Income in such four fiscal quarter period: (a) Interest Expense, (b) income Taxes, (c) depreciation, (d) depletion, (e) amortization, (f) one-time transaction fees and
expenses paid or accrued in connection with debt financings, capital raising transactions, acquisitions and dispositions in an aggregate amount for this clause (f) not to exceed $5,000,000 in any four fiscal quarter period, (g) exploration
expenses, (h) pro forma “run rate” cost savings, operating expense reductions and synergies related to mergers and other business combinations, acquisitions, divestitures, dispositions, discontinuance of activities or operations and
other specified transactions, restructurings, cost savings initiatives, operational changes and other initiatives or specified transactions that are reasonably identifiable and factually supportable and projected by the Borrower in good faith to
result from actions that have been taken or with respect to which substantial steps have been taken or are expected to be taken (in the good faith determination of the Borrower) within 12 months thereafter (including any actions taken on or prior to
the Second Amendment Effective Date) in an amount not to exceed 10% of Mortgage Threshold EBITDAX for such four fiscal quarter period calculated before giving effect to this clause (h), but, in any case, only, to the extent reasonably acceptable to
the Administrative Agent, and (i) other non-cash charges (including non-cash expenses associated with the granting of stock-based compensation to employees and
directors of the Borrower or its Subsidiaries, non-recurring non-cash losses (or minus any gains), non-cash mark to market losses
(or minus any gains), and non-cash impairments or accounting adjustments with respect to any disposition of assets permitted hereby), minus all non-cash income
added to Consolidated Net Income minus all gains (whether cash or non-cash) from asset dispositions (other than Hydrocarbons produced in the ordinary course of business) and Liquidations of Swap
Agreements (in each case to the extent included in Consolidated Net Income during the applicable period); provided that if the Borrower or any Consolidated Subsidiary shall make a Material Acquisition or Material Divestiture during such
period, then Consolidated Net Income shall be calculated after giving pro forma effect to such Material Acquisition or Material Divestiture, as if such Material Acquisition or Material Divestiture had occurred on the first day of such period, with
such pro forma calculations being reasonably acceptable to the Administrative Agent (but excluding, for the avoidance of doubt and in all cases, any adjustments on account of pro forma cost savings, synergies or similar items, except as provided in
clause (h) above). 
 “Second Amendment Effective Date” means May 15, 2018. 

“Second Lien Notes” means, the 8.50% Senior Secured Second Lien Notes due 2023 issued by the Borrower pursuant
to the Indenture, as may be amended, amended and restated, restated, supplemented, refinanced, replaced, extended or otherwise modified in accordance with the terms thereof and the terms of this Agreement and the Second Lien Intercreditor Agreement.

  
 Page 9 

 “Total Debt” means, at any date, the sum of all Debt of the
Borrower and its Subsidiaries on such date. 
 “Weighted Yield” shall mean as to any Permitted Junior Lien
Debt (including the Second Lien Notes and any Permitted Refinancing Debt in respect thereof), the weighted yield to maturity thereof based on interest rate margin, original issue discount or fees (in each case amortized over the life of such
indebtedness), interest rate floors or other similar component of yield, in each case, incurred or payable by the borrower of such indebtedness, and excluding, for the avoidance of doubt, (a) any changes in yield due to (i) changes in the
underlying reference rate (such as LIBOR or the prime rate), (ii) application of any default rate that is less than or equal to 3.00% per annum or (iii) the imposition of a paid in-kind rate of interest
that is less than or equal to 1.00% per annum, (b) premiums and call protection amounts, (c) make-whole amounts and yield maintenance amounts and (d) customary annual agency fees (regardless of whether any of the foregoing amounts are
paid to, or shared with, in whole or in part, any lender). 
 2.2 Section 8.01(f) of the Credit Agreement is hereby amended and restated
in its entirety as follows: 
 (f) Certificate of Insurer – Insurance Coverage. Concurrently with any delivery of financial
statements under Section 8.01(a), (i) a certificate of insurance coverage from each insurer or one or more insurance agencies with respect to the insurance required by Section 8.07, in form and
substance reasonably satisfactory to the Administrative Agent, (ii) if requested by the Administrative Agent, copies of the applicable policies and (iii) a certificate of a Responsible Officer certifying the Borrower’s compliance with
Section 8.07. 
 2.3 Section 8.01 of the Credit Agreement is hereby amended by adding the following as the new
clause (x) immediately following clause (w): 
 (w) De Minimis Acquisitions. Concurrently with any delivery of financial
statements under Section 8.01(a) or (b), a certificate of a Responsible Officer (i) setting forth each De Minimis Acquisition consummated during the immediately preceding fiscal quarter (including the material
terms of each such De Minimis Acquisition), and (ii) attaching thereto all material agreements, documents and instruments in respect of each such De Minimis Acquisition, including, without limitation, the purchase, sale or transfer agreements
therefor to the extent available. 
 2.4 Section 8.14(a) of the Credit Agreement is hereby amended to replace each reference to
“90%” with a reference to “95%”. 
 2.5 Section 8.14(f) of the Credit Agreement is hereby amended and restated in
its entirety to read as follows: 

  
 Page 10 

 (f) Notwithstanding the foregoing provisions of Section 8.14, 

(i) during the period commencing on the Second Amendment Effective Date and ending on the date that is ninety (90) days
following the Second Amendment Effective Date (or such later date as the Administrative Agent may agree in its sole discretion) (such period, the “Post-Closing Mortgage Period”), the Mortgaged Properties shall only be required to
include (A) (1) Oil and Gas Properties constituting Proved Developed Producing Reserves representing at least 90% of the total present value (using a 10% discount rate and as such value is set forth in the most recently delivered Reserve
Report) of all Proved Developed Producing Reserves evaluated in the Initial Reserve Report and (2) Oil and Gas Properties constituting Proved Reserves representing at least 90% of the total present value (using a 10% discount rate and as such
value is set forth in the most recently delivered Reserve Report) of all Proved Reserves evaluated in the most recently delivered Reserve Report, (B) substantially all of the Credit Parties’ Oil and Gas Properties not constituting Proved
Reserves to the extent that such Oil and Gas Properties are located in counties in which filings have been made, or are required to be made, to satisfy clause (A) herein and (C) substantially all midstream assets and any infrastructure or
related Oil and Gas Property; provided that on or prior to the expiration of the Post-Closing Mortgage Period, the Borrower shall, and shall cause its Subsidiaries to, deliver supplemental mortgages (including mortgages covering
leasehold interests in wellbores owned by the Credit Parties as of the Second Amendment Effective Date that were not previously mortgaged on the Second Amendment Effective Date) so that the Mortgaged Property includes (x) Oil and Gas Properties
constituting Proved Developed Producing Reserves representing at least 95% of the total present value (using a 10% discount rate and as such value is set forth in the most recently delivered Reserve Report) of all Proved Developed Producing Reserves
evaluated in such Reserve Report and (y) Oil and Gas Properties constituting Proved Reserves representing at least 95% of the total present value (using a 10% discount rate and as such value is set forth in the most recently delivered Reserve
Report) of all Proved Reserves evaluated in such Reserve Report; and 
 (ii) during such periods in which the Borrower maintains a Total Debt
to Mortgage Threshold EBITDAX ratio of less than 3.00 to 1.00, measured as of the last day of the four fiscal quarter period most recently ended for which financial statements are available, the Mortgaged Properties shall only be required to include
(1) Oil and Gas Properties constituting Proved Developed Producing Reserves representing at least 90% of the total present value (using a 10% discount rate and as such value is set forth in the most recently delivered Reserve Report) of all
Proved Developed Producing Reserves evaluated in the most recently delivered Reserve Report, (2) Oil and Gas Properties constituting Proved Reserves representing at least 90% of the total present value (using a 10% discount rate and as such
value is set forth in the most recently delivered Reserve Report) of all Proved Reserves evaluated in the most recently delivered Reserve Report, (3) substantially all of the Credit Parties’ Oil and Gas Properties not constituting Proved
Reserves and (4) substantially all midstream assets and any infrastructure or related Oil and Gas Property. 

  
 Page 11 

 2.6 Section 8.18 of the Credit Agreement is hereby amended and restated in its entirety as
follows: 
 Section 8.18 Acquisition of Oil and Gas Properties – Mortgage Coverage. In connection with any Material
Acquisition (other than a De Minimis Acquisition consummated during any De Minimis Acquisition Period), the Borrower shall, and shall cause its Subsidiaries to, grant within 30 days of such acquisition of such Oil and Gas Properties by the Borrower
or such Subsidiary, to the Collateral Agent as security for the Secured Obligations a first-priority Lien (provided that Excepted Liens of the type described in clauses (a) to (d) and (f) of the definition thereof may exist, but subject to
the provisos at the end of such definition) on (i) Oil and Gas Properties constituting Proved Developed Producing Reserves representing at least 95% of the total present value (using a 10% discount rate) of all Proved Developed Producing
Reserves acquired, (ii) Oil and Gas Properties constituting Proved Reserves representing at least 95% of the total present value (using a 10% discount rate) of all Proved Reserves acquired, (iii) substantially all of the Oil and Gas
Properties not constituting Proved Reserves acquired, and (iv) substantially all midstream assets and any infrastructure or related Oil and Gas Property acquired. All such Liens will be created and perfected by and in accordance with the
provisions of deeds of trust, security agreements and financing statements or other Security Instruments, all in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent and the Borrower and in sufficient
executed (and acknowledged where necessary or appropriate) counterparts for recording purposes. In order to comply with the foregoing, if any Subsidiary places a Lien on its Oil and Gas Properties and such Subsidiary is not a Guarantor, then it
shall become a Guarantor and comply with Section 8.14(b). 
 2.7 The last sentence of Section 8.20 of the
Credit Agreement is hereby amended and restated in its entirety as follows: 
 Borrower’s compliance with the requirements of this
Section 8.20 shall be measured as of (i) the fifth Business Day following the Effective Date, (ii) the forty-fifth day following the Effective Date, and (iii) thereafter, the last day of each fiscal quarter,
in each case using the most recently delivered Reserve Report (including the Initial Reserve Report); provided that compliance shall also be measured on the date that is the fifth Business Day following the Second Amendment Effective Date.

 2.8 Section 9.03 of the Credit Agreement is hereby amended by deleting the “and” at the end of clause (g), and by replacing
clause (h) thereof with the new clauses (h) and (i) set forth below: 
 (h) customary liens in favor of a trustee (in such
trustee’s capacity as such and not in its capacity as collateral agent or collateral trustee) pursuant to an indenture relating to any Debt permitted by this Agreement to the extent such Liens (i) only secure customary compensation,
reimbursement and indemnification obligations owing to such trustee (in 

  
 Page 12 

 
such trustee’s capacity as such and not in its capacity as collateral agent or collateral trustee), (ii) are limited to the money or property held by such trustee (in such
trustee’s capacity as such and not in its capacity as collateral agent or collateral trustee) (excluding money or property held in trust for the payment of such Debt) and (iii) do not secure Debt for borrowed money; provided that no
intention to subordinate the first priority Lien granted in favor of the Collateral Agent and the Lenders is to be hereby implied or expressed by the permitted existence of such Lien; and 

(i) Liens on Property not otherwise permitted by the foregoing clauses of this Section 9.03; provided that (i) such Liens do not
secure Debt for borrowed money and (ii) the aggregate amount of all Debt secured by Liens permitted by this Section 9.03(i) shall not exceed $2,000,000 at any time. 

2.9 Section 9.04(a)(iv) is hereby amended by adding a new clause (E) at the end thereof that reads “and (E) such Restricted
Payment is permitted to be made under the Indenture”. 
 2.10 Section 9.04(b)(i)(A) of the Credit Agreement is hereby amended and
restated in its entirety to read as follows: 
 (A) prepay, repay or Redeem the Existing Notes (1) with the proceeds of any Permitted
Refinancing Debt in respect thereof, or (2) so long as (w) the PDP Coverage Ratio is equal to or greater than 1.50 to 1.00 and the Total Debt to Mortgage Threshold EBITDAX ratio measured as of the most recently ended fiscal quarter for
which financial statements are available is less than 3.00 to 1.00, in each case as measured immediately prior to and after giving pro forma effect to such prepayment, repayment, or Redemption and to the other transactions to occur on such date (and
the Borrower has delivered the certificate required by Section 8.01(w) certifying to such pro forma compliance and attaching calculations demonstrating such pro forma compliance), (x) the aggregate cash consideration paid by the Credit Parties
in respect of such Redemptions during the term of this Agreement does not exceed $75,000,000, (y) no Default or Event of Default shall exist at the time of such Redemption or result therefrom and (z) concurrently with any such prepayment,
repayment or Redemption, the Borrower shall deliver a certificate executed by its Chief Financial Officer certifying that, after giving effect to such prepayment, repayment or Redemption, the representation and warranty contained in
Section 7.22 is true and correct in all respects as of such date; 
 2.11 Section 9.04(b)(ii) of the Credit Agreement is hereby
amended and restated in its entirety to read as follows: 
 (ii) amend, modify, waive or otherwise change, consent or agree
to any amendment, modification, waiver or other change to, any of the terms of or documents governing the Existing Notes, any Permitted Junior Lien Debt (including the Second Lien Notes) or any Permitted Refinancing Debt in respect of any of the
foregoing if: 

  
 Page 13 

 (A) in the case of the Existing Notes or any Permitted Junior Lien Debt and any
Permitted Refinancing Debt in respect of either of the foregoing, the effect thereof would be to (i) shorten its maturity or average life, (ii) except in the case of the Second Lien Notes, increase the amount of any payment of principal
thereof or premium or fee (other than a consent, amendment or similar fee in an aggregate amount for all such fees during the term of this Agreement not to exceed 1.00% of the outstanding principal amount of the Existing Notes, any Permitted Junior
Lien Debt (other than the Second Lien Notes) or any Permitted Refinancing Debt being amended, modified or otherwise changed or any fee owed to the Existing Notes trustee) with respect thereto, (iii) except in the case of the Second Lien Notes,
increase the rate or shorten any period for payment of interest thereon or (iv) cause such Permitted Junior Lien Debt or Permitted Refinancing Debt in respect thereof to no longer satisfy the requirements of the definitions of Permitted Junior
Lien Debt or Permitted Refinancing Debt, as applicable; or 
 (B) in the case of the Second Lien Notes and any Permitted
Refinancing Debt in respect thereof, the effect thereof would be to (i) modify or add any covenant or event of default that would prohibit one or more Credit Parties from making any payment in respect of the Secured Obligations,
(ii) shorten the final maturity or weighted average life to maturity of the Second Lien Notes or any Permitted Refinancing Debt in respect thereof, (iii) add any additional Property as collateral for the Second Lien Notes or Permitted
Refinancing Debt in respect thereof unless such Property is added as collateral for the Secured Obligations or the Secured Parties decline to take such collateral, (iv) provide for any Person to issue a guarantee or be required to issue a
guarantee unless such Person guarantees the Secured Obligations or the Secured Parties decline to take such guarantee, (v) add or provide for any increase in, or shorten the period for payment of, any mandatory prepayment or redemption
provisions or shorten the period for reinvestment of any net cash proceeds (other than change of control or asset sale tender offer provisions substantially similar to those applicable under the Indenture, as in effect on the Second Amendment
Effective Date, or otherwise customary in the market at the time of such amendment, exchange or refinancing), (vi) result in the Weighted Yield applicable to the Second Lien Notes increasing by more than 250 basis points above the Weighted
Yield applicable to the Second Lien Notes on the issue date thereof, (vii) modify the amounts of or time periods applicable to any make-whole amounts, yield maintenance amounts, premium or call protection applicable to the Second Lien Notes
unless this Agreement is amended at such time to provide equivalent or better terms (from the perspective of the Secured Parties), (viii) amend or otherwise modify any “Default” or “Event of Default” or covenants thereunder
in a manner that is more onerous or restrictive to any Credit Party unless this Agreement is amended at such time to provide equivalent or better terms (from the perspective of the Secured Parties), (ix) amend or otherwise modify
Section 6.01(g)(ii) of the Indenture (or any corresponding provision in any document governing Permitted Refinancing Debt of the Second Lien Notes) in a manner that would shorten or eliminate the grace period provided for in such section,
(x) adversely affect the lien priority rights of the Secured Parties, (xi) result in the aggregate principal amount of all Permitted Junior Lien Debt (including the Second Lien Notes and Permitted Refinancing Debt in respect thereof) being
greater than $500,000,000 or (xii) contravene the provisions of the Second Lien Intercreditor; or 

  
 Page 14 

 (C) other than in the case of the Second Lien Notes and the Indenture, such
amendment, modification, waiver, change or consent would adversely affect the Lenders; or 
 (D) in the case of Permitted
Junior Lien Debt or any Permitted Refinancing Debt in respect thereof, such amendment, modification, waiver, change or consent is prohibited under the terms of the Second Lien Intercreditor Agreement; 

provided that the foregoing shall not prohibit the execution of other indentures or agreements in connection with the
issuance of Permitted Refinancing Debt or the execution of supplemental indentures to add guarantors provided such Person complies with Section 8.14(b) and Section 8.14(c). 

2.12 Section 9.05(e) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

(e) Permitted Acquisitions, provided that, to the extent required by the definition of “Permitted Acquisition”, the Borrower shall
deliver concurrently with the consummation of any Permitted Acquisition the certificate required by Section 8.01(w) certifying to pro forma compliance with Section 9.01 and that the PDP Coverage Ratio is greater than or equal to 1.40 to
1.00 and attaching calculations demonstrating such compliance; 
 2.13 Section 10.01(g) of the Credit Agreement is hereby amended and
restated in its entirety as follows: 
 (g) any event or condition occurs that results in (i) any Material Indebtedness becoming due
prior to its scheduled maturity or that enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material
Indebtedness to become due, or to require the Redemption thereof or any offer to Redeem to be made in respect thereof, prior to its scheduled maturity or require the Borrower or any Subsidiary to make an offer in respect thereof or (ii) an
“Event of Default” under the Indenture. 
 Section 3. Reincorporation. The Administrative Agent acknowledges that it
received sufficient notice in satisfaction of Section 8.01(m) of the Credit Agreement and Section 5.05 of the Guaranty Agreement as to the Reincorporation. The Administrative Agent and the Lenders hereby confirm that the Reincorporation
did not violate Section 9.21 of the Credit Agreement. The Borrower hereby confirms that it authorized the Administrative Agent to file one or more financing statements, and amendments thereto to perfect, protect or preserve the Liens created
under the Credit Agreement (included as amended hereby) and the Security Instruments. 
 Section 4. Conditions Precedent. The
effectiveness of this Second Amendment is subject to the following: 

  
 Page 15 

 4.1 The Administrative Agent shall have received counterparts (in such number as may be requested
by the Administrative Agent) of this Second Amendment from the Borrower and each Lender. 
 4.2 The Administrative Agent shall have received
a certificate of a Responsible Officer of the Borrower setting forth (1) resolutions of its board of directors or other appropriate governing body with respect to the authorization of the Borrower to execute, deliver and perform under the
Transactions, this Second Amendment and the documents being authorized, executed and/or delivered in connection herewith and therewith and to enter into the transactions contemplated in those documents, (2) the officers of the Borrower
(a) who are authorized to sign the Loan Documents to which the Borrower is a party and (b) who will, until replaced by another officer or officers duly authorized for that purpose, act as its representative for the purposes of signing
documents and giving notices and other communications in connection with this Second Amendment and the transactions contemplated hereby and specimen signatures of such authorized officers (or certifying that there has been no change to such
authorized officers since the date of the Officer’s Certificate of the Borrower delivered to the Administrative Agent on November 1, 2017 (the “Prior Officer’s Certificate”)), (3) the Organizational Documents of the
Borrower as in effect immediately after giving effect to the Reincorporation, certified as being true and complete and (4) a customary certificate reasonably satisfactory to the Administrative Agent of the appropriate State agencies where the
Borrower is formed or incorporated. The Administrative Agent and the Lenders may conclusively rely on such certificate until the Administrative Agent receives notice in writing from the Borrower to the contrary.  
 4.3 The Administrative Agent shall have received a certificate of a Responsible Officer
of the Borrower (a) attaching true and correct executed copies of the Indenture and all other material documents executed by the Credit Parties in connection with the incurrence of the Second Lien Notes and (b) certifying that (i) the
Transactions have been consummated in accordance with the terms of that certain Exchange Agreement, dated as of January 31, 2018, by and among the Borrower and the noteholders party thereto, as amended by the First Amendment to Exchange
Agreement, dated as of March 20, 2018, and the Second Amendment to Exchange Agreement, dated as of April 2, 2018 and (ii) after giving effect to the Transactions and the effectiveness of this Second Amendment, the aggregate
outstanding principal amount of the Existing Notes will be less than or equal to $203,317,000 and the amount of the Second Lien Notes will not exceed $344,279,000. 

4.4 The Administrative Agent shall have received from each party thereto duly authorized and/or executed counterparts (in such number as may be
requested by the Administrative Agent) of the Intercreditor Agreement. 
 4.5 The Administrative Agent shall be reasonably satisfied that
(i) the Second Lien Security Documents (including all real property exhibits thereto) creating Liens on the Collateral are in all material respects the same forms of documents as the respective Security Instruments and (ii) upon the filing
of any additional mortgages (including amendments and/or supplements to any previously filed mortgages) delivered by the Borrower to the Administrative Agent on the Second Amendment Effective Date and the filing of a
UCC-1 financing statement with the Delaware Secretary of State, the Security Instruments create first priority, perfected Liens (subject only to Excepted Liens identified in clauses (a) to (d) and
(f) of the definition thereof, 

  
 Page 16 

 
but subject to the provisos at the end of such definition) on (a) (1) Oil and Gas Properties constituting Proved Developed Producing Reserves representing at least 90% of the total present
value (using a 10% discount rate and as such value is set forth in the most recently delivered Reserve Report (which shall be the Reserve Report dated December 31, 2017) of all Proved Developed Producing Reserves evaluated in the most recently
delivered Reserve Report and (2) Oil and Gas Properties constituting Proved Reserves representing at least 90% of the total present value (using a 10% discount rate and as such value is set forth in the most recently delivered Reserve Report)
of all Proved Reserves evaluated in the most recently delivered Reserve Report, (b) substantially all of the Credit Parties’ Oil and Gas Properties not constituting Proved Reserves to the extent that such Oil and Gas Properties are located
in counties in which filings have been made, or are required to be made, to satisfy clause (a) herein, (c) substantially all midstream assets and any infrastructure or related Oil and Gas Property and (d) the other Mortgaged Property
purported to be pledged under the Security Instruments. 
 4.6 The Administrative Agent shall have received an opinion of (i) Jones Day,
special counsel to the Borrower, (ii) Browning Kaleczyc Berry & Hoven, P.C., local Montana counsel to the Borrower and (iii) Fredrikson & Byron, P.A., local North Dakota counsel to the Borrower, in each case, in form and
substance acceptable to the Administrative Agent and its counsel. 
 4.7 No Default or Event of Default shall have occurred and be continuing
as of the date hereof both immediately prior to and after giving effect to the terms of this Second Amendment. 
 4.8 The Borrower shall have
submitted a Borrowing Request for a Delayed Draw Loan in accordance with Section 2.03(b) of the Credit Agreement (provided that the Administrative Agent and the Lenders hereby waive the five Business Day requirement with respect to such
Borrowing Request) in a principal amount of not less than $60,000,000, which shall have been drawn prior to, or substantially contemporaneous with, the Second Amendment Effective Date. 

4.9 The Administrative Agent and the Lenders shall have received all commitment, amendment, upfront and agency fees and all other fees,
expenses and amounts due and payable on or prior to the Second Amendment Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket
expenses required to be reimbursed or paid by the Borrower hereunder (including the fees and expenses of Vinson & Elkins L.L.P., counsel to the Administrative Agent). 

The Administrative Agent is hereby authorized and directed to declare this Second Amendment to be effective when it has received documents confirming or
certifying, to the satisfaction of the Administrative Agent, compliance with the conditions set forth in this Section 4 or the waiver of such conditions as permitted hereby. Such declaration shall be final, conclusive and
binding upon all parties to the Credit Agreement and Amended Credit Agreement for all purposes. 

  
 Page 17 

 Section 5. Miscellaneous. 

5.1 Confirmation and Effect. The provisions of the Credit Agreement shall remain in full force and effect in accordance with its terms
following the Second Amendment Effective Date, and this Second Amendment shall not constitute a waiver of any provision of the Credit Agreement or any other Loan Document, except as expressly provided for herein. Each reference in the Amended Credit
Agreement to “this Agreement”, “hereunder”, “hereof’, “herein”, or words of like import shall mean and be a reference to the Credit Agreement as amended hereby, and each reference to the Credit Agreement in
any other document, instrument or agreement executed and/or delivered in connection with the Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby. 

5.2 No Waiver. Neither the execution by the Administrative Agent or the Lenders of this Second Amendment, nor any other act or omission
by the Administrative Agent or the Lenders or their officers in connection herewith, shall be deemed a waiver by the Administrative Agent or the Lenders of any Defaults or Events of Default which may exist, which may have occurred prior to the date
of the effectiveness of this Second Amendment or which may occur in the future under the Amended Credit Agreement and/or the other Loan Documents. Similarly, nothing contained in this Second Amendment shall directly or indirectly in any way
whatsoever either: (a) impair, prejudice or otherwise adversely affect the Administrative Agent’s or the Lenders’ right at any time to exercise any right, privilege or remedy in connection with the Loan Documents with respect to any
Default or Event of Default, (b) except as expressly provided herein, amend or alter any provision of the Credit Agreement, the other Loan Documents, or any other contract or instrument, or (c) constitute any course of dealing or other
basis for altering any obligation of the Borrower or any right, privilege or remedy of the Administrative Agent or the Lenders under the Amended Credit Agreement, the other Loan Documents, or any other contract or instrument. 

5.3 Ratification and Affirmation of Credit Parties. The Borrower hereby expressly (i) acknowledges the terms of this Second
Amendment, (ii) ratifies and affirms its obligations under the Guaranty Agreement, the Swap Intercreditor Agreement and the other Security Instruments and Loan Documents to which it is a party, (iii) acknowledges, renews and extends its
continued liability under the Guaranty Agreement, the Swap Intercreditor Agreement and the other Security Instruments and Loan Documents to which it is a party, (iv) agrees that its guarantee and pledge of collateral under the Guaranty
Agreement and the other Security Instruments and Loan Documents to which it is a party remain in full force and effect with respect to the Indebtedness as amended hereby, (v) represents and warrants to the Lenders and the Administrative Agent
that each representation and warranty of such Person contained in the Amended Credit Agreement and the other Loan Documents to which it is a party is true and correct in all material respects as of the date hereof and after giving effect to this
Second Amendment except (A) to the extent any such representations and warranties are expressly limited to an earlier date, in which case, on and as of the date hereof, such representations and warranties shall continue to be true and correct
as of such specified earlier date, and (B) to the extent that any such representation and warranty is expressly qualified by materiality, Material Adverse Effect or a similar qualification, such representations and warranties shall be true and
correct in all respects, (vi) represents and warrants to the Lenders and the Administrative Agent that the execution, delivery and/or performance by such Person of this Second Amendment and each other Security Instrument and Loan Document being
are within such Person’s corporate, limited partnership or limited liability company powers (as applicable), have been duly authorized by all necessary action and that this Second Amendment constitutes the valid and binding obligation of such
Person enforceable in accordance with its terms, subject to applicable 

  
 Page 18 

 
bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a
proceeding in equity or at law, and (vii) represents and warrants to the Lenders and the Administrative Agent that, after giving effect to this Second Amendment, no Default or Event of Default exists. 

5.4 Counterparts. This Second Amendment may be executed in counterparts (and by different parties hereto on different counterparts),
each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Second Amendment by facsimile or other electronic transmission
(e.g., .pdf) shall be effective as delivery of a manually executed counterpart of this Second Amendment. 
 5.5 No Oral Agreement.
THIS WRITTEN SECOND AMENDMENT, THE AMENDED CREDIT AGREEMENT AND THE OTHER
LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE FINAL
AGREEMENT BETWEEN THE PARTIES HERETO AND THERETO AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF
THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 

5.6 Governing Law. THIS SECOND AMENDMENT SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE
OF NEW YORK. 
 5.7 Payment of Expenses. The Borrower agrees to pay or reimburse the
Administrative Agent for all of its reasonable and documented out-of-pocket costs and expenses incurred in connection with this Second Amendment in accordance with
Section 12.03 of the Credit Agreement. 
 5.8 Severability. Any provision of this Second Amendment or any other Loan Document
held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the
remaining provisions hereof or thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

5.9 Successors and Assigns. This Second Amendment shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns (in each case, as permitted by Section 12.04 of the Credit Agreement). 
 5.10 Loan Document.
This Second Amendment shall constitute a “Loan Document” under and as defined in Section 1.02 of the Amended Credit Agreement. 

[Signature Pages Follow] 

  
 Page 19 

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

							
	BORROWER:	 		 	NORTHERN OIL AND GAS, INC.,
		 		 	a Delaware corporation
				
		 		 	By:	 	 /s/ Brandon Elliott

		 		 		 	Name: Brandon Elliott
		 		 		 	Title: Interim President

 SIGNATURE PAGE TO SECOND AMENDMENT
TO TERM LOAN CREDIT AGREEMENT 
 NORTHERN
OIL AND GAS, INC. 

 
			
	 TPG SPECIALTY LENDING, INC.

as Administrative Agent and a Lender

		
	By:	 	 /s/ Joshua W. Easterly

	Name:	 	Joshua W. Easterly
	Title:	 	CEO

 SIGNATURE PAGE TO SECOND
AMENDMENT TO TERM LOAN CREDIT AGREEMENT 

NORTHERN OIL AND GAS, INC. 

 
			
	 TAO TALENTS, LLC
 as a
Lender

		
	By:	 	 /s/ Steven Pluss

	Name:	 	Steven Pluss
	Title:	 	Vice President

 SIGNATURE PAGE TO SECOND
AMENDMENT TO TERM LOAN CREDIT AGREEMENT 

NORTHERN OIL AND GAS, INC. 

 
			
	 TOP III TALENTS, LLC
 as a
Lender

		
	By:	 	 /s/ Steven Pluss

	Name:	 	Steven Pluss
	Title:	 	Vice President

 SIGNATURE PAGE TO SECOND
AMENDMENT TO TERM LOAN CREDIT AGREEMENT 

NORTHERN OIL AND GAS, INC. 

 Exhibit A 
  

 
  

INTERCREDITOR AGREEMENT 

dated as of May 15, 2018 between 

TPG Specialty Lending, Inc., 
 as
Original Priority Lien Agent, 
 and 

Wilmington Trust, National Association, 

as Original Second Lien Agent 
 and
Acknowledged and Agreed by 
 Northern Oil and Gas, Inc. and certain of its subsidiaries from time to time party hereto 

 
  

THIS IS THE SECOND LIEN INTERCREDITOR AGREEMENT OR INTERCREDITOR AGREEMENT, AS APPLICABLE, REFERRED TO IN (A) THE INDENTURE DATED AS OF MAY 15,
2018, AMONG NORTHERN OIL AND GAS, INC., CERTAIN OF ITS SUBSIDIARIES FROM TIME TO TIME PARTY THERETO, WILMINGTON TRUST, NATIONAL ASSOCIATION, AS TRUSTEE, (B) THE TERM LOAN CREDIT AGREEMENT DATED AS OF NOVEMBER 1, 2017 AS HERETOFORE OR
HEREAFTER AMENDED, SUPPLEMENTED, RESTATED OR OTHERWISE MODIFIED FROM TIME TO TIME, AMONG NORTHERN OIL AND GAS, INC., THE LENDERS PARTY THERETO FROM TIME TO TIME AND TPG SPECIALTY LENDING, INC., AS ADMINISTRATIVE AGENT AND COLLATERAL AGENT,
(C) THE OTHER NOTE DOCUMENTS REFERRED TO IN SUCH INDENTURE AND (D) THE OTHER LOAN DOCUMENTS REFERRED TO IN SUCH TERM LOAN CREDIT AGREEMENT. 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	PAGE	 
	ARTICLE I	 
	DEFINITIONS	 
			
	Section 1.01	 	 Construction; Certain Defined Terms
	  	 	1	 
	
	ARTICLE II	 
	LIEN PRIORITIES	 
			
	Section 2.01	 	 Relative Priorities
	  	 	16	 
	Section 2.02	 	 Prohibition on Marshalling, Etc.
	  	 	17	 
	Section 2.03	 	 No New Liens
	  	 	17	 
	Section 2.04	 	 Similar Collateral and Agreements
	  	 	18	 
	Section 2.05	 	 No Duties of Priority Lien Agent
	  	 	19	 
	Section 2.06	 	 No Duties of Second Lien Agent
	  	 	19	 
	
	ARTICLE III	 
	ENFORCEMENT RIGHTS; PURCHASE OPTION	 
			
	Section 3.01	 	 Limitation on Enforcement Action
	  	 	20	 
	Section 3.02	 	 Standstill Periods; Permitted Enforcement Action
	  	 	22	 
	Section 3.03	 	 Insurance
	  	 	24	 
	Section 3.04	 	 Notification of Release of Collateral
	  	 	25	 
	Section 3.05	 	 No Interference; Payment Over
	  	 	26	 
	Section 3.06	 	 Purchase Option
	  	 	29	 
	
	ARTICLE IV	 
	OTHER AGREEMENTS	 
			
	Section 4.01	 	 Release of Liens; Automatic Release of Second Liens and Third Liens
	  	 	31	 
	Section 4.02	 	 Certain Agreements with Respect to Insolvency or Liquidation Proceedings
	  	 	33	 
	Section 4.03	 	 Reinstatement
	  	 	42	 
	Section 4.04	 	 Refinancings; Initial Third Lien Debt; Additional Third Lien Debt
	  	 	43	 
	Section 4.05	 	 Amendments to Priority Lien Documents, Second Lien Documents and Third Lien Documents
	  	 	45	 
	Section 4.06	 	 Legends
	  	 	47	 
	Section 4.07	 	 Second Lien Secured Parties and Third Lien Secured Parties Rights as Unsecured Creditors; Judgment
Lien Creditor
	  	 	47	 
	Section 4.08	 	 Postponement of Subrogation
	  	 	47	 
	Section 4.09	 	 Acknowledgment by the Secured Debt Representatives
	  	 	48	 
	
	ARTICLE V	 
	GRATUITOUS BAILMENT FOR PERFECTION OF CERTAIN SECURITY INTERESTS	 
			
	Section 5.01	 	 General
	  	 	48	 
	Section 5.02	 	 Accounts
	  	 	49	 

  
 i 

							
	
	ARTICLE VI	 
	APPLICATION OF PROCEEDS; DETERMINATION OF AMOUNTS	 
			
	Section 6.01	 	 Application of Proceeds
	  	 	50	 
	Section 6.02	 	 Determination of Amounts
	  	 	51	 
	
	ARTICLE VII	 
	NO RELIANCE; NO LIABILITY; OBLIGATIONS ABSOLUTE; 	 
	CONSENT OF GRANTORS, ETC.	 
			
	Section 7.01	 	 No Reliance; Information
	  	 	51	 
	Section 7.02	 	 No Warranties or Liability
	  	 	51	 
	Section 7.03	 	 Obligations Absolute
	  	 	53	 
	Section 7.04	 	 Grantors Consent
	  	 	53	 
	
	ARTICLE VIII	 
	REPRESENTATIONS AND WARRANTIES	 
			
	Section 8.01	 	 Representations and Warranties of Each Party
	  	 	53	 
	Section 8.02	 	 Representations and Warranties of Each Representative
	  	 	54	 
	
	ARTICLE IX	 
	MISCELLANEOUS	 
			
	Section 9.01	 	 Notices
	  	 	54	 
	Section 9.02	 	 Waivers; Amendment
	  	 	54	 
	Section 9.03	 	 Actions Upon Breach; Specific Performance
	  	 	55	 
	Section 9.04	 	 Parties in Interest
	  	 	56	 
	Section 9.05	 	 Survival of Agreement
	  	 	56	 
	Section 9.06	 	 Counterparts
	  	 	56	 
	Section 9.07	 	 Severability
	  	 	56	 
	Section 9.08	 	 Governing Law; Jurisdiction; Consent to Service of Process
	  	 	56	 
	Section 9.09	 	 WAIVER OF JURY TRIAL
	  	 	57	 
	Section 9.10	 	 Headings
	  	 	57	 
	Section 9.11	 	 Conflicts
	  	 	57	 
	Section 9.12	 	 Provisions Solely to Define Relative Rights
	  	 	57	 
	Section 9.13	 	 Certain Terms Concerning the Second Lien Agent and the Third Lien Collateral Trustee
	  	 	58	 
	Section 9.14	 	 Certain Terms Concerning the Priority Lien Agent, the Second Lien Agent and the Third Lien
Collateral Trustee
	  	 	58	 
	Section 9.15	 	 Authorization of Secured Agents
	  	 	58	 
	Section 9.16	 	 Further Assurances
	  	 	59	 
	Section 9.17	 	 Relationship of Secured Parties
	  	 	59	 
	Section 9.18	 	 Third Lien Provisions
	  	 	59	 

 Annex and Exhibits 
  

					
		 	Annex I	  	Legends
			
		 	Exhibit A	  	Form of Priority Confirmation Joinder
		 	Exhibit B	  	Security Documents

  
 ii 

 INTERCREDITOR AGREEMENT, dated as of May 15, 2018 (as amended, supplemented or
otherwise modified from time to time in accordance with the terms hereof, this “Agreement”), between TPG SPECIALTY LENDING, INC., as administrative agent and collateral agent for the
Priority Lien Secured Parties referred to herein (in such capacity, and together with its successors and assigns in such capacity, the “Original Priority Lien Agent”), and WILMINGTON TRUST,
NATIONAL ASSOCIATION, solely in its capacity as collateral agent for the Second Lien Secured Parties referred to herein (in such capacity, and together with its successors in such capacity, the “Original
Second Lien Agent”) and acknowledged and agreed by NORTHERN OIL AND GAS, INC., a Delaware corporation (together with its successors and assigns,
“NOG”) and certain of its subsidiaries. 
 Reference is made to (a) the Priority Lien Credit Agreement (defined below)
and (b) the Second Lien Indenture (defined below) governing the Second Lien Indenture Notes (defined below). 
 From time to time
following the date hereof, NOG may incur Initial Third Lien Obligations and Additional Third Lien Obligations (each as defined below) to the extent, if any, permitted by the Secured Debt Documents, and (a) in connection with the Initial Third
Lien Obligations, NOG and certain of its subsidiaries, the Third Lien Representative (defined below) and the Third Lien Collateral Trustee (defined below) shall, concurrently with the incurrence of such Initial Third Lien Obligations, enter into a
Third Lien Collateral Trust Agreement (defined below) and (b) in connection with any Additional Third Lien Obligations, the applicable Third Lien Representative (defined below) and the Third Lien Collateral Trustee shall, concurrently with the
incurrence of such Additional Third Lien Obligations, enter into a joinder to the Third Lien Collateral Trust Agreement. 
 In consideration
of the mutual agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Original Priority Lien Agent (for itself and on behalf of the Priority Lien Secured Parties) and
the Original Second Lien Agent (for itself and on behalf of the Second Lien Secured Parties) agree as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.01 Construction; Certain Defined Terms. (a) The definitions of terms herein shall apply equally to the singular and
plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and “including” shall be deemed to
be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise, (i) any reference herein to any
agreement, instrument, other document, statute or regulation shall be construed as referring to such agreement, instrument, other document, statute or regulation as from time to time amended, restated, amended and restated, adjusted, waived,
renewed, extended, supplemented, replaced, refinanced or otherwise modified, (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, but shall not be deemed to include the subsidiaries of
such Person unless express reference is made to such subsidiaries, (iii) the words “herein,” “hereof” and “hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and
not to any particular provision hereof, (iv) all references herein to Articles, Sections and Annexes shall be construed to refer to Articles and Sections of and Annexes to this Agreement, (v) unless otherwise expressly qualified herein,
the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights and
(vi) the term “or” shall not be exclusive. 

  
 1 

 (b) All terms capitalized but not defined herein have the meanings assigned to them in the
Priority Lien Credit Agreement as in effect on the date hereof. 
 (c) All terms used in this Agreement that are defined in Article 1, 8 or 9
of the New York UCC (whether capitalized herein or not) and not otherwise defined herein have the meanings assigned to them in Article 1, 8 or 9 of the New York UCC. If a term is defined in Article 9 of the New York UCC and another Article of the
New York UCC, such term shall have the meaning assigned to it in Article 9 of the New York UCC. 
 (d) Unless otherwise set forth herein, all
references herein to (i) the Second Lien Agent shall be deemed to refer to the Second Lien Agent in its capacity as collateral agent under the Second Lien Documents and (ii) the Third Lien Collateral Trustee shall be deemed to refer to the
Third Lien Collateral Trustee in its capacity as collateral trustee under the Third Lien Collateral Trust Agreement. 
 (e) As used in this
Agreement, the following terms have the meanings specified below: 
 “Accounts” has the meaning assigned to such term in
Section 3.01(a). 
 “Additional Third Lien Debt Facility” means any Debt for which the
requirements of Section 4.04(b) of this Agreement have been satisfied, as amended, restated, modified, renewed, refunded, restated, restructured, increased, supplemented, replaced or refinanced in whole or in part from time
to time in accordance with each applicable Secured Debt Document; provided that no Third Lien Substitute Facility shall constitute an Additional Third Lien Debt Facility at any time. 

“Additional Third Lien Documents” means any Additional Third Lien Debt Facility and the Additional Third Lien Security
Documents. 
 “Additional Third Lien Obligations” means, with respect to any Grantor, any Obligations of such Grantor owed
to any Additional Third Lien Secured Party (or any of its Affiliates) in respect of the Additional Third Lien Documents. 

“Additional Third Lien Secured Parties” means, at any time, the trustee, agent or other representative of the holders of any
Series of Third Lien Debt who maintains the transfer register for such Series of Third Lien Debt, the beneficiaries of each indemnification obligation undertaken by any Grantor under any Additional Third Lien Document and each other holder of, or
obligee in respect of, any Series of Third Lien Debt outstanding at such time. 
 “Additional Third Lien Security
Documents” means the Additional Third Lien Debt Facility (insofar as the same grants a Lien on the Collateral) and any other security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, collateral agency
agreements, control agreements, or grants or transfers for security, now existing or entered into after the date hereof, executed and delivered by NOG or any other Grantor creating (or purporting to create) a Lien upon the Third Lien Collateral in
favor of the Additional Third Lien Secured Parties. 
 “Affiliate” of any specified Person means any other Person, directly
or indirectly, controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any Person means the power to direct the management
and policies of such Person directly or indirectly, whether through the ownership of Voting Stock, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

  
 2 

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

“Bank Product” means each and any of the following bank services and products provided to NOG or any other Grantor by any
lender under the Priority Lien Credit Agreement or any Affiliate of any such lender: (a) commercial credit cards, merchant card services, purchase or debit cards, including non-card e-payables services, (b) treasury management services (including controlled disbursement, overdraft, automated clearing house fund transfer services, return items and interstate depository network services) and
(c) any other demand deposit or operating account relationships or other cash management services, including pursuant to any agreement in respect of the foregoing. 

“Bank Product Obligations” means any and all Obligations of NOG or any other Grantor, whether absolute or contingent and
howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with any Bank Product. 

“Bankruptcy Code” means Title 11 of the United States Code. 

“Bankruptcy Law” means the Bankruptcy Code and any similar federal, state or foreign law providing for the relief of debtors.

 “Board of Directors” means, with respect to any Person, the board of directors or other governing body of such Person or
any committee thereof duly authorized to act on behalf of such board of directors or such other governing body. 
 “Business
Day” means any day excluding Saturday, Sunday and any other day on which banking institutions in New York City are authorized or required by law to remain closed. 

“Capital Stock” means, with respect to any Person, any and all shares, interests, rights to purchase, warrants, options,
participations or other equivalents of or interests (however designated) in equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into such equity. 

“Class” means (a) in the case of Priority Lien Debt, the Priority Lien Debt, (b) in the case of Second Lien Debt,
all Series of Second Lien Debt, taken together, and (c) in the case of Third Lien Debt, all Series of Third Lien Debt, taken together. 

“Collateral” means all of the assets and property of any Grantor, whether real, personal or mixed, constituting Priority Lien
Collateral, Second Lien Collateral and/or Third Lien Collateral. 
 “Credit Facilities” means one or more debt facilities
(including the Priority Lien Credit Agreement), commercial paper facilities or secured or unsecured capital market debt financings, in each case with banks or other institutional lenders or institutional investors providing for revolving credit
loans, term loans, receivables financing (including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables), letters of credit or other borrowings or capital markets
debt financings, in each case, as amended, restated, modified, renewed, refunded, replaced or refinanced (including refinancing with any capital markets debt transaction) in whole or in part from time to time. 

“Debt” means, for any Person, each of the following (without duplication): (a) all obligations of such Person for
borrowed money or evidenced by bonds, bankers’ acceptances, debentures, notes or other similar instruments; (b) all reimbursement obligations of such Person (whether contingent or otherwise)

  
 3 

 
in respect of letters of credit, surety or other bonds and similar instruments; (c) all (i) accounts payable and (ii) accrued expenses, liabilities or other obligations of such
Person to pay the deferred purchase price of Property or services, in each case (other than deferred purchase price obligations in connection with the acquisition of Oil and Gas Properties), which are greater than ninety (90) days past the date
of invoice other than those which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP; (d) all obligations of such Person under Capital Leases; (e) all
obligations under Synthetic Leases; (f) all Debt (as defined in the other clauses of this definition) of others secured by (or for which the holder of such Debt has an existing right, contingent or otherwise, to be secured by) a Lien on any
Property of such Person, whether or not such Debt is assumed by such Person; (g) all Debt (as defined in the other clauses of this definition) of others guaranteed by such Person or in which such Person otherwise assures a creditor against loss
of such Debt (howsoever such assurance shall be made) to the extent of the lesser of the amount of such Debt and the maximum stated amount of such guarantee or assurance against loss; (h) all obligations or undertakings of such Person to
maintain or cause to be maintained the financial position or covenants of others or to purchase the Debt or Property of others; (i) all obligations of such Person to deliver commodities, goods or services, including, without limitation,
Hydrocarbons, in consideration of one or more advance payments, other than gas balancing arrangements, take or pay arrangements for the gathering, processing or transportation of production, or other similar arrangements, in each case in the
ordinary course of business; (j) obligations of such Person to pay for goods or services even if such goods or services are not actually received or utilized by such Person; (k) any Debt of a partnership for which such Person is liable
either by agreement, by operation of law or by a Governmental Requirement but only to the extent of such liability; (l) Disqualified Capital Stock of such Person; and (m) the undischarged balance of any production payment created by such
Person or for the creation of which such Person directly or indirectly received payment. The Debt of any Person shall include all obligations of such Person of the character described above to the extent such Person remains legally liable in respect
thereof notwithstanding that any such obligation is not included as a liability of such Person under GAAP. 
 “DIP
Financing” has the meaning assigned to such term in Section 4.02(b). 
 “DIP Financing
Liens” has the meaning assigned to such term in Section 4.02(b). 
 “DIP Lenders” has
the meaning assigned to such term in Section 4.02(b). 
 “Discharge of Priority Lien Obligations”
means the occurrence of all of the following: 
 (a) termination or expiration of all commitments to extend credit that would constitute
Priority Lien Obligations (other than Excess Priority Lien Obligations); 
 (b) payment in full in cash of the principal of and interest,
premium or call protection (if any), yield maintenance amounts (if any) and make-whole amounts (if any) on all Priority Lien Debt (other than Excess Priority Lien Obligations and other than any undrawn letters of credit); 

(c) discharge or cash collateralization (in an amount equal to the lesser of (i) 105% of the aggregate undrawn amount and (ii) the
percentage of the aggregate undrawn amount required for release of Liens under the terms of the applicable Priority Lien Document) of all outstanding letters of credit the reimbursement obligations in respect of which constitute Priority Lien
Obligations (other than Excess Priority Lien Obligations) and the aggregate fronting and similar fees which will accrue thereon through the stated expiry of such letters of credit; 

(d) payment in full in cash of Hedging Obligations constituting Priority Lien Obligations (and, with respect to any particular Hedge Agreement,
termination of such agreement and payment in full in cash of all Hedging Obligations thereunder or such other arrangements as shall have been made by the counterparty thereto (and communicated to the Priority Lien Agent) pursuant to the terms of the
Priority Lien Credit Agreement); and 

  
 4 

 (e) payment in full in cash of all other Priority Lien Obligations other than Excess Priority
Lien Obligations (including without limitation, Bank Product Obligations to the extent included in Priority Lien Obligations) that are outstanding and unpaid at the time the Priority Lien Debt is paid in full in cash (other than any Obligations for
taxes, costs, indemnifications, reimbursements, damages and other liabilities in respect of which no claim or demand for payment has been made at or prior to such time); 

provided however, that if, at any time after the Discharge of Priority Lien Obligations has occurred, NOG enters into any Priority Lien Document
evidencing a Priority Lien Obligation which incurrence is not prohibited by the applicable Secured Debt Documents, then such Discharge of Priority Lien Obligations shall automatically be deemed not to have occurred for all purposes of this Agreement
with respect to such new Priority Lien Obligations (other than with respect to any actions taken after and permitted as a result of the occurrence of such first Discharge of Priority Lien Obligations), and, from and after the date on which NOG
designates such obligations as Priority Lien Obligations (subject to the Priority Lien Cap) in accordance with this Agreement, the obligations under such Priority Lien Document shall automatically and without any further action be treated as
Priority Lien Obligations for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Collateral set forth in this Agreement, any Second Lien Obligations shall be deemed to have been at all times Second
Lien Obligations and at no time Priority Lien Obligations and any Third Lien Obligations shall be deemed to have been at all times Third Lien Obligations and at no time Priority Lien Obligations or Second Lien Obligations. For the avoidance of
doubt, a Replacement as contemplated by Section 4.04(a) shall not be deemed to cause a Discharge of Priority Lien Obligations. 

“Discharge of Second Lien Obligations” means the occurrence of all of the following: 

(a) payment in full in cash of the principal of and interest, premium (if any), yield maintenance amounts (if any) and make-whole amounts (if
any) on all Second Lien Debt; and 
 (b) payment in full in cash of all other Second Lien Obligations that are outstanding and unpaid at the
time the Second Lien Debt is paid in full in cash (other than any obligations for taxes, costs, indemnifications, reimbursements, damages and other liabilities in respect of which no claim or demand for payment has been made at or prior to such
time); 
 provided, however that if, at any time after the Discharge of Second Lien Obligations, NOG enters into any Second Lien Document evidencing a
Second Lien Obligation which incurrence is not prohibited by the applicable Secured Debt Documents, then such Discharge of Second Lien Obligations shall automatically be deemed not to have occurred for all purposes of this Agreement with respect to
such new Second Lien Obligations (other than with respect to any actions taken after and permitted as a result of the occurrence of such first Discharge of Second Lien Obligations), and, from and after the date on which NOG designates such Debt as
Second Lien Debt in accordance with this Agreement, the Obligations under such Second Lien Document shall automatically and without any further action be treated as Second Lien Obligations for all purposes of this Agreement, including for purposes
of the Lien priorities and rights in respect of Collateral set forth in this Agreement, and any Third Lien Obligations shall be deemed to have been at all times Third Lien Obligations and at no time Second Lien Obligations. For the avoidance of
doubt, a Replacement as contemplated by Section 4.04(a) shall not be deemed to cause a Discharge of Second Lien Obligations. 

  
 5 

 “Disposition” means any sale, lease, exchange, assignment, license,
contribution, transfer or other disposition. “Dispose” shall have a correlative meaning. 
 “Excess Priority Lien
Obligations” means the principal amount of Debt (including letters of credit and letter of credit reimbursement obligations but excluding any increases in principal as a result of interest that is paid in kind or capitalized) under the
Priority Lien Credit Agreement that shall at the time of incurrence thereof, together with all other Priority Lien Debt then outstanding, exceed the then-applicable amount in clause (a) of the definition of “Priority
Lien Cap”, and interest, fees, costs and other charges with respect to the principal amount of such excess Debt. For the avoidance of doubt, in no event shall any Hedging Obligations constituting Priority Lien Obligations or any Bank Product
Obligations constituting Priority Lien Obligations constitute Excess Priority Lien Obligations. 
 “Governmental Authority”
means the government of the United States or any other nation, or any political subdivision thereof, whether state, provincial or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other Person exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government. 

“Grantor” means NOG and each Subsidiary that shall have granted any Lien in favor of any of the Priority Lien Agent, the
Second Lien Agent or the Third Lien Collateral Trustee on any of its assets or properties to secure any of the Secured Obligations. 

“Hedge Agreements” means (a) any and all rate swap transactions, basis swaps, credit derivative transactions,
forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index
transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, fixed-price
physical delivery contracts, whether or not exchange traded, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by
or subject to any master agreement, and (b) any and all transactions of any kind, and any confirmations or trades, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International
Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such
obligations or liabilities under any Master Agreement; provided, that notwithstanding the foregoing, agreements or obligations to physically sell any commodity at any index-based price shall not be considered “Hedge Agreements”.

 “Hedging Obligations” means, with respect to any Person, the obligations of such Person under Hedge Agreements. 

“Hydrocarbon Interests” means all rights, titles, interests and estates now or hereafter acquired in and to oil and gas
leases, oil, gas and mineral leases, or other liquid or gaseous hydrocarbon leases, fee interests, surface interests, mineral fee interests, overriding royalty interests and other royalty interests, net profit interests and production payment
interests, including any reserved or residual interests of whatever nature. 
 “Hydrocarbons” means oil, gas, casinghead
gas, drip gasoline, natural gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all products refined or separated therefrom. 

“Initial DIP Purchase Option Notice” has the meaning assigned to such term in Section 4.02(dd).

  
 6 

 “Initial DIP Purchase Option Statement” has the meaning assigned to such term in
Section 4.02(dd). 
 “Initial Third Lien Debt Facility” means Debt secured by a Third Lien for
which the requirements of Section 4.04(c) of this Agreement have been satisfied, as amended, restated, modified, renewed, refunded, restated, restructured, increased, supplemented, replaced or refinanced in whole or in part
from time to time in accordance with each applicable Secured Debt Document. 
 “Initial Third Lien Documents” means the
Initial Third Lien Debt Facility and the Initial Third Lien Security Documents. 
 “Initial Third Lien Obligations” means,
with respect to any Grantor, any Obligations of such Grantor owed to any Initial Third Lien Secured Party (or any of its Affiliates) in respect of the Initial Third Lien Documents. 

“Initial Third Lien Secured Parties” means, at any time, the Third Lien Collateral Trustee, the trustees, agents and other
representatives of the holders of the Initial Third Lien Debt Facility (including any holders of notes pursuant to supplements executed in connection with the issuance of Series of Third Lien Debt under the Initial Third Lien Debt Facility) who
maintain the transfer register for such Third Lien Debt, the beneficiaries of each indemnification obligation undertaken by any Grantor under any Initial Third Lien Document and each other holder of, or obligee in respect of, any Initial Third Lien
Obligations, any holder or lender pursuant to any Initial Third Lien Document outstanding at such time; provided that the Additional Third Lien Secured Parties shall not be deemed Initial Third Lien Secured Parties. 

“Initial Third Lien Security Documents” means the Initial Third Lien Debt Facility (insofar as the same grants a Lien on the
Collateral) and any other security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, collateral agency agreements, control agreements or grants or transfers for security, now existing or entered into after the date
hereof, executed and delivered by NOG or any other Grantor creating (or purporting to create) a Lien upon the Third Lien Collateral in favor of the Initial Third Lien Secured Parties (including any such agreements, assignments, mortgages, deeds of
trust and other documents or instruments associated with any Third Lien Substitute Facility). 
 “Insolvency or Liquidation
Proceeding” means: 
 (a) any case commenced by or against NOG or any other Grantor under the Bankruptcy Code or any other
Bankruptcy Law, any other proceeding for the reorganization, recapitalization or adjustment or marshalling of the assets or liabilities of NOG or any other Grantor, any receivership or assignment for the benefit of creditors relating to NOG or any
other Grantor or any similar case or proceeding relative to NOG or any other Grantor or its creditors, as such, in each case whether or not voluntary; 

(b) any liquidation, dissolution, marshalling of assets or liabilities or other winding up of or relating to NOG or any other Grantor, in each
case whether or not voluntary and whether or not involving bankruptcy or insolvency; or 
 (c) any other proceeding of any type or nature
(including any composition agreement) in which substantially all claims of creditors of NOG or any other Grantor are determined and any payment or distribution is or may be made on account of such claims. 

  
 7 

 “Lien” means any interest in Property securing an obligation owed to, or
a claim by, a Person other than the owner of the Property, whether such interest is based on the common law, statute or contract, and whether such obligation or claim is fixed or contingent, and including but not limited to (a) the lien or
security interest arising from a mortgage, encumbrance, pledge, security agreement, conditional sale or trust receipt or a lease, consignment or bailment for security purposes or (b) production payments and the like payable out of Oil and Gas
Properties. The term “Lien” shall include easements, restrictions, servitudes, permits, conditions, covenants, exceptions or reservations. 

“New York UCC” means the Uniform Commercial Code as from time to time in effect in the State of New York. 

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

“Obligations” means any principal (including reimbursement obligations and obligations to provide cash collateral with
respect to letters of credit whether or not drawn), interest, premiums and call protection (if any), yield maintenance amounts (if any), make-whole amounts (if any), fees, indemnifications, reimbursements, expenses and other liabilities payable
under the documentation governing any Debt. Notwithstanding any other provision hereof, the term “Obligations” will include accrued interest, fees, costs and other charges incurred under such documentation, whether incurred before or after
commencement of an Insolvency or Liquidation Proceeding and whether or not allowable in an Insolvency or Liquidation Proceeding. 

“Officer” means, with respect to any Person, the Chairman of the Board of Directors, the Chief Executive Officer, the
President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the General Counsel, the Controller, the Secretary or Corporate Secretary, any Executive Vice President, any Senior Vice President, any Vice
President or any Assistant Vice President of such Person. 
 “Officer’s Certificate” means a certificate
signed on behalf of NOG by any Officer of NOG. 
 “Oil and Gas Properties” means (a) Hydrocarbon Interests;
(b) the Properties now or hereafter pooled or unitized with Hydrocarbon Interests; (c) all presently existing or future unitization, pooling agreements and declarations of pooled units and the units created thereby (including without
limitation all units created under orders, regulations and rules of any Governmental Authority) which may affect all or any portion of the Hydrocarbon Interests; (d) all operating agreements, contracts and other agreements, including production
sharing contracts and agreements, which relate to any of the Hydrocarbon Interests or the production, sale, purchase, exchange or processing of Hydrocarbons from or attributable to such Hydrocarbon Interests; (e) all Hydrocarbons in and under
and which may be produced and saved or attributable to the Hydrocarbon Interests, including all oil in tanks, and all rents, issues, profits, proceeds, products, revenues and other incomes from or attributable to the Hydrocarbon Interests;
(f) all tenements, hereditaments, appurtenances and Properties in any manner appertaining, belonging, affixed or incidental to the Hydrocarbon Interests and (g) all Properties, rights, titles, interests and estates described or referred to
above, including any and all Property, real or personal, now owned or hereafter acquired and situated upon, used, held for use or useful in connection with the operating, working or development of any of such Hydrocarbon Interests or Property
(excluding drilling rigs, automotive equipment, rental equipment or other personal Property which may be on such premises for the purpose of drilling a well or for other similar temporary uses) and including any and all oil wells, gas wells,
injection wells or other wells, buildings, structures, fuel separators, liquid extraction plants, plant compressors, pumps, pumping units, field gathering systems, pipelines, tanks and tank batteries, fixtures, valves, fittings, machinery and parts,
engines, boilers, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface leases, rights-of-way, easements
and servitudes together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing. 

  
 8 

 “Original Priority Lien Agent” has the meaning assigned to such term in the
preamble hereto. 
 “Original Second Lien Agent” has the meaning assigned to such term in the preamble hereto. 

“Person” means any individual, partnership, joint venture, firm, corporation, limited liability company, association, trust
or other enterprise or a Governmental Authority. 
 “Preferred Stock”, as applied to the Capital Stock of any Person, means
Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends or distributions, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over
shares of Capital Stock of any other class of such Person. 
 “Priority Confirmation Joinder” means an agreement
substantially in the form of Exhibit A. 
 “Priority Lien” means a Lien granted by NOG or any
other Grantor in favor of the Priority Lien Agent at any time upon any Collateral of NOG or such Grantor to secure Priority Lien Obligations (including Liens on such Collateral under the security documents associated with any Priority Lien
Substitute Facility). 
 “Priority Lien Agent” means the Original Priority Lien Agent, and, from and after the date of
execution and delivery of a Priority Lien Substitute Facility, the agent, collateral agent, trustee or other representative of the lenders or holders of the Debt and other Obligations evidenced thereunder or governed thereby, in each case, together
with its successors in such capacity. 
 “Priority Lien Cap” means, with respect to any Priority Lien Debt as of any date,
(a) subject to the proviso at the end of this definition, a principal amount of Priority Lien Debt (with outstanding letters of credit being deemed to have a principal amount equal to the stated amount thereof) equal to $400,000,000 (excluding
interest paid in kind or capitalized described in clause (f) of this definition), plus (b) the amount of all Hedging Obligations, to the extent such Hedging Obligations are secured by the Priority Liens, plus
(c) the amount of all Bank Product Obligations, to the extent such Bank Product Obligations are secured by the Priority Liens, plus (d) the amount of accrued and unpaid interest (excluding any interest paid-in-kind) with respect to such principal amount and outstanding fees, plus (e) any amount of protective advances made by the Priority Lien Secured Parties in respect of any Collateral for insurance,
taxes or maintenance of Collateral in an amount not to exceed 2.00% of the outstanding principal amount of the Priority Lien Debt (excluding Excess Priority Lien Obligations and any DIP Financing) at the time of determination, plus (f) any
amount of interest added to the principal amount of the Priority Lien Debt as a result of being paid in kind or capitalized, plus (g) fees, premiums and call protection (if any), yield maintenance amounts (if any), make-whole amounts (if any),
indemnifications, reimbursements and expenses due pursuant to the terms of any Priority Lien Debt; provided that, (i) in the event that the Priority Lien Obligations are Replaced in accordance with Section 4.04(a), the
amount in clause (a) of this definition shall be deemed to be increased to an amount, not to exceed $460,000,000, equal to the principal amount of Priority Lien Debt being Replaced plus any amount necessary to pay any accrued interest,
fees, make-whole amounts, yield maintenance amounts, premiums and call protection amounts and other expenses due in connection with such Replacement), (ii) in the event that the Priority Lien Obligations are refunded, refinanced, replaced or
otherwise repaid in part or in their entirety with unsecured Debt or secured Debt with Liens subordinate to the Second Liens, the amount in clause (a) of this definition shall be the difference between (x) $460,000,000 and (y) the
aggregate principal amount of the unsecured Debt and/or secured Debt with Liens subordinate to the Second Liens that is incurred to refund, refinance, replace or otherwise repay such Priory Lien Debt, and (iii) for the avoidance of doubt in no
event shall the Priority Lien Cap apply to any DIP Financing. 

  
 9 

 “Priority Lien Collateral” means all “Collateral” and “Mortgaged
Property”, as defined in the Priority Lien Credit Agreement or any other Priority Lien Document, and any other assets of any Grantor now or at any time hereafter subject to Liens which secure, but only to the extent securing, any Priority Lien
Obligation. 
 “Priority Lien Credit Agreement” means the Term Loan Credit Agreement among NOG as borrower and TPG
Specialty Lending, Inc., as administrative agent and collateral agent and certain other financial institutions, dated November 1, 2017, as such agreement may be amended, restated, adjusted, waived, renewed, extended, supplemented or otherwise
modified from time to time with the same and/or different lenders and/or agents and any credit agreement, loan agreement or any other agreement or instrument evidencing or governing the terms of any Priority Lien Substitute Facility. 

“Priority Lien Debt” means the Debt under the Priority Lien Credit Agreement (including reimbursement obligations with
respect to letters of credit). 
 “Priority Lien Documents” means the Priority Lien Credit Agreement, the Priority Lien
Security Documents, the other “Loan Documents” (as defined in the Priority Lien Credit Agreement), any documents with respect to Hedging Obligations and Bank Product Obligations secured under the terms of Priority Lien Security Documents
and all other loan documents, notes, guarantees, instruments and agreements governing or evidencing, or executed or delivered in connection with, any Priority Lien Substitute Facility. 

“Priority Lien Obligations” means the Priority Lien Debt and all other Obligations in respect of or in connection with
Priority Lien Debt together with Hedging Obligations and Bank Product Obligations. For the avoidance of doubt, Hedging Obligations and Bank Product Obligations shall only constitute Priority Lien Obligations to the extent that such Hedging
Obligations or Bank Product Obligations, as applicable, are secured under the terms of the Priority Lien Credit Agreement and Priority Lien Security Documents. Notwithstanding any other provision hereof, the term “Priority Lien
Obligations” will include accrued interest, fees, premiums, call protection amounts, make-whole amounts, yield maintenance amounts, costs and other charges incurred under the Priority Lien Credit Agreement and the other Priority Lien Documents,
whether incurred before or after commencement of an Insolvency or Liquidation Proceeding and whether or not allowable in an Insolvency or Liquidation Proceeding. To the extent that any payment with respect to the Priority Lien Obligations (whether
by or on behalf of NOG or any other Grantor, as proceeds of security, enforcement of any right of set-off, or otherwise) is declared to be fraudulent or preferential in any respect, set aside, or required to
be paid to a debtor in possession, trustee, receiver, or similar Person, then the obligation or part thereof originally intended to be satisfied will be deemed to be reinstated and outstanding as if such payment had not occurred. 

“Priority Lien Purchasers” has the meaning assigned to such term in Section 4.02(dd). 

“Priority Lien Secured Parties” means, at any time, (a) the Priority Lien Agent, (b) each lender or issuing bank
under the Priority Lien Credit Agreement, (c) each holder, provider or obligee of any Hedging Obligations or Bank Product Obligations that (i) is a lender under the Priority Lien Credit Agreement or an Affiliate (as defined in the Priority
Lien Credit Agreement) thereof or of the Priority Lien Agent, (ii) was such a lender or Affiliate of a lender or of the Priority Lien Agent at the time such Hedging Obligation or Bank Product Obligation, as applicable, was entered into, and is
a secured party (or a party entitled to the benefits of the security) under any Priority Lien Document or (iii) is otherwise a Secured Swap Party under the Priority Lien Documents, (d) the beneficiaries of each indemnification

  
 10 

 
obligation undertaken by any Grantor under any Priority Lien Document, (e) each other Person that provides letters of credit, guarantees or other credit support related thereto under any
Priority Lien Document and (f) each other holder of, or obligee in respect of, any Priority Lien Obligations (including pursuant to a Priority Lien Substitute Facility), in each case to the extent designated as a secured party (or a party
entitled to the benefits of the security) under any Priority Lien Document outstanding at such time. 
 “Priority Lien Security
Documents” means each agreement listed in Part A of Exhibit B hereto, and any other security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, control agreements or grants or
transfers for security, now existing or entered into after the date hereof, executed and delivered by NOG or any other Grantor creating (or purporting to create) a Lien upon Collateral in favor of the Priority Lien Agent (including any such
agreements, assignments, mortgages, deeds of trust and other documents or instruments associated with any Priority Lien Substitute Facility). 

“Priority Lien Substitute Facility” means any Credit Facility (without regard to any subsequent replacements thereof
contemplated in the definition thereof unless each such replacement also complies with the requirements of this definition) with respect to which the requirements of Section 4.04(a) of this Agreement have been satisfied and
that Replaces the Priority Lien Credit Agreement then in existence. For the avoidance of doubt, no Priority Lien Substitute Facility shall be required to be a revolving or asset-based loan facility and any such facility may be evidenced or governed
by a credit agreement, loan agreement, note agreement, promissory note, indenture or other agreement or instrument; provided that the Liens securing any such Priority Lien Substitute Facility shall be subject to the terms of this Agreement
for all purposes (including the lien priorities set forth herein as of the date hereof) to the same extent as the Liens securing the other Priority Lien Obligations. 

“Priority Lien Swap Intercreditor Agreement” means any “Swap Intercreditor Agreement” as defined in the Priority
Lien Credit Agreement. 
 “Property” means, with respect to any Person, any interest of such Person in any kind of property
or asset, whether real, personal or mixed, or tangible or intangible, including, without limitation, cash, securities, accounts, contract rights, Capital Stock and other securities issued by any other Person (but excluding Capital Stock or other
securities issued by such first mentioned Person). 
 “Purchasable DIP Obligations” has the meaning assigned to such term
in Section 4.02(dd). 
 “Purchasable Obligations” has the meaning assigned to such term in
Section 3.06(a). 
 “Recovery” has the meaning assigned to such term in
Section 4.03(a). 
 “Replaces” means, (a) in respect of any agreement with reference to the
Priority Lien Credit Agreement or the Priority Lien Obligations or any Priority Lien Substitute Facility, that such agreement refunds, refinances, amends and restates or replaces the Priority Lien Credit Agreement, the Priority Lien Obligations or
such Priority Lien Substitute Facility in whole (in a transaction that is in compliance with Section 4.04(a)) and results in all commitments thereunder being terminated, or, to the extent permitted by the terms of the
Priority Lien Credit Agreement, Priority Lien Obligations or such Priority Lien Substitute Facility, in part, (b) in respect of any agreement with reference to the Second Lien Documents, the Second Lien Obligations or any Second Lien Substitute
Facility, that such Debt refunds, refinances, amends and restates or replaces the Second Lien Documents, the Second Lien Obligations or such Second Lien Substitute Facility in whole (in a transaction that is in compliance with
Section 4.04(a)) and that results in all commitments thereunder being terminated, or, to the extent permitted by the terms of the Second Lien Documents, the Second Lien Obligations or such Second Lien Substitute Facility,
in part and (c) in respect of any agreement with reference to the Third Lien Documents, the Third Lien Obligations or 

  
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any Third Lien Substitute Facility, that such Debt refunds, refinances, amends and restates or replaces the Third Lien Documents, the Third Lien Obligations or such Third Lien Substitute Facility
in whole (in a transaction that is in compliance with Section 4.04(a)) and that results in all commitments thereunder being terminated, or, to the extent permitted by the terms of the Third Lien Documents, the Third Lien
Obligations or such Third Lien Substitute Facility, in part. “Replace,” “Replaced,” “Replacing” and “Replacement” shall have correlative meanings. 

“Second Lien” means a Lien granted by any Grantor in favor of the Second Lien Agent, at any time, upon any Collateral of such
Grantor to secure the Second Lien Obligations (including Liens on such Collateral under the security documents associated with any Second Lien Substitute Facility). 

“Second Lien Agent” means the Original Second Lien Agent and, from and after the date of execution and delivery of a
Second Lien Substitute Facility, the agent, collateral agent, trustee or other representative of the lenders or other holders of the Debt and other obligations evidenced or governed thereby, in each case together with its successors in such capacity
appointed in accordance with the terms of the Second Lien Indenture. 
 “Second Lien Collateral” means all
“Collateral” and “Mortgaged Property”, as defined in any Second Lien Document, and any other assets of any Grantor now or at any time hereafter subject to Liens which secure, but only to the extent securing, any Second Lien
Obligations. 
 “Second Lien Debt” means the Debt under the Second Lien Indenture Notes issued on the date hereof and
guarantees thereof and all Debt incurred under any Second Lien Substitute Facility. 
 “Second Lien DIP Lenders” has the
meaning set forth in Section 4.02(dd). 
 “Second Lien Documents” means the Second Lien
Indenture, the Second Lien Indenture Notes, the Second Lien Security Documents and all other documents, notes, guarantees, instruments and agreements governing or evidencing the Second Lien Obligations or any Second Lien Substitute Facility. 

“Second Lien Indenture” means the Indenture dated as of the date hereof among NOG, the Grantors party thereto from time to
time, the Second Lien Indenture Trustee, and the Original Second Lien Agent, as amended, restated, adjusted, waived, renewed, extended, supplemented or otherwise modified from time to time in accordance with the terms hereof (including any
supplements executed in connection with the issuance of any Series of Second Lien Debt under the Second Lien Indenture) unless restricted by the terms of this Agreement, and any credit agreement, loan agreement, note agreement, promissory note,
indenture or other agreement or instrument evidencing or governing the terms of any Second Lien Substitute Facility. 
 “Second Lien
Indenture Notes” means the 8.5% Senior Secured Second Lien Notes due 2023 issued under the Second Lien Indenture on the date hereof. 

“Second Lien Indenture Trustee” means Wilmington Trust, National Association, in its capacity as trustee under the Second
Lien Indenture, together with its successors in such capacity. 
 “Second Lien Obligations” means Second Lien Debt and all
other Obligations in respect thereof. Notwithstanding any other provision hereof, the term “Second Lien Obligations” will include accrued interest, fees, costs, and other charges incurred under the Second Lien Indenture and the other
Second Lien Documents, whether incurred before or after commencement of an Insolvency or Liquidation Proceeding and whether or not allowable in an Insolvency or Liquidation Proceeding. 

  
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 “Second Lien Purchasers” has the meaning assigned to such term in
Section 3.06(a). 
 “Second Lien Recovery” has the meaning assigned to such term in
Section 4.03(b). 
 “Second Lien Secured Parties” means, at any time, the Second Lien Agent, the
Second Lien Indenture Trustee, the holders of Second Lien Indenture Notes, and the other trustees, agents and other representatives of the holders of the Second Lien Indenture Notes (including any holders of Second Lien Indenture Notes pursuant to
supplements executed in connection with the issuance of any Series of Second Lien Debt under the Second Lien Indenture) who maintain the transfer register for such Second Lien Indenture Notes or such Series of Second Lien Debt, the beneficiaries of
each indemnification obligation undertaken by any Grantor under any Second Lien Document, each other holder of, or obligee in respect of, any Second Lien Indenture Notes or any other Second Lien Document outstanding at such time. 

“Second Lien Security Documents” means each agreement listed in Part B of Exhibit B hereto and any
other security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, collateral agency agreements, control agreements, or grants or transfers for security, now existing or entered into after the date hereof, executed and
delivered by NOG or any other Grantor creating (or purporting to create) a Lien upon Collateral in favor of the Second Lien Agent (including any such agreements, assignments, mortgages, deeds of trust and other documents or instruments associated
with any Second Lien Substitute Facility). 
 “Second Lien Standstill Period” has the meaning assigned to such term in
Section 3.02(a)(i). 
 “Second Lien Substitute Facility” means any facility with respect to which
the requirements of Section 4.04(a) of this Agreement have been satisfied and that is permitted to be incurred pursuant to the Priority Lien Documents and that Replaces the Second Lien Indenture. For the avoidance of doubt,
no Second Lien Substitute Facility shall be required to be evidenced by notes or other instruments and any such facility may be evidenced or governed by a credit agreement, loan agreement, note agreement, promissory note, indenture or other
agreement or instrument; provided that the Liens securing any such Second Lien Substitute Facility shall be subject to the terms of this Agreement for all purposes (including the lien priorities set forth herein as of the date hereof) to the
same extent as the Liens securing the other Second Lien Obligations. 
 “Secured Debt Documents” means the Priority Lien
Documents, the Second Lien Documents and the Third Lien Documents. 
 “Secured Debt Representative” means the Priority Lien
Agent, the Second Lien Agent and the Third Lien Collateral Trustee, as applicable. 
 “Secured Obligations” means the
Priority Lien Obligations, the Second Lien Obligations and the Third Lien Obligations. 
 “Secured Parties” means the
Priority Lien Secured Parties, the Second Lien Secured Parties and the Third Lien Secured Parties. 
 “Security Documents”
means the Priority Lien Security Documents, the Second Lien Security Documents and the Third Lien Security Documents. 
 “Series of
Second Lien Debt” means, severally, the Second Lien Indenture Notes and each other issue or series of Second Lien Debt for which a single transfer register is maintained. 

  
 13 

 “Series of Secured Debt” means the Priority Lien Debt, each Series of Second
Lien Debt and each Series of Third Lien Debt. 
 “Series of Third Lien Debt” means, severally, the Initial Third
Lien Debt Facility and each other issue or series of Third Lien Debt (including any Additional Third Lien Debt Facility) for which a single transfer register is maintained. 

“Standstill Period” means the Second Lien Standstill Period, the Third Lien First Standstill Period and the Third Lien Second
Standstill Period, as applicable. 
 “Subsidiary” means any subsidiary of NOG. 

“subsidiary” means, in respect of any Person, any corporation, association, partnership or other business entity of which
more than 50% of the total voting power of shares of Capital Stock or other interests (including partnership interests) entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof
is at the time owned or controlled, directly or indirectly, by (a) such Person, (b) such Person and one or more subsidiaries of such Person or (c) one or more subsidiaries of such Person. 

“Third Lien” means a Lien granted by any Grantor in favor of the Third Lien Collateral Trustee at any time, upon any
Collateral of such any Grantor to secure Third Lien Obligations (including Liens on such Collateral under the security documents associated with any Third Lien Substitute Facility). 

“Third Lien Collateral” means all “Collateral” and “Mortgaged Property”, as defined in any Third Lien
Document, and any other assets of any Grantor now or at any time hereafter subject to Liens which secure, but only to the extent securing, any Third Lien Obligations. 

“Third Lien Collateral Trust Agreement” means from and after the date of execution and delivery of the Initial Third Lien
Debt Facility, a collateral trust agreement entered into among NOG, the other Grantors, the other Third Lien Representatives and the Third Lien Collateral Trustee, as amended, restated, adjusted, waived, renewed, extended, supplemented or otherwise
modified from time to time, in accordance with each applicable Third Lien Document. 
 “Third Lien Collateral Trustee”
means from and after the date of execution and delivery of the Initial Third Lien Debt Facility, the agent, collateral agent, trustee, collateral trustee or other representative of the lenders or other holders of the Debt and other Obligations
evidenced or governed thereby, together with its successors in such capacity appointed in accordance with the terms of the Third Lien Collateral Trust Agreement. 

“Third Lien Debt” means Debt under the Initial Third Lien Debt Facility and Debt incurred under any Additional Third Lien
Documents with respect to which the requirements of Section 4.04(c) have been satisfied, and all Debt incurred under any Third Lien Substitute Facility. 

“Third Lien Documents” means the Initial Third Lien Documents, the Additional Third Lien Documents and all other loan
documents, notes, guarantees, instruments and agreements governing or evidencing any Third Lien Substitute Facility. 
 “Third Lien
First Standstill Period” has the meaning assigned to such term in Section 3.02(a)(ii). 
 “Third
Lien Obligations” means Third Lien Debt and all other Obligations in respect thereof. Notwithstanding any other provision hereof, the term “Third Lien Obligations” will include accrued interest, fees, costs and other charges
incurred under the Third Lien Documents, whether incurred before or after commencement of an Insolvency or Liquidation Proceeding. 

  
 14 

 “Third Lien Representative” means (a) in the case of the Initial Third Lien
Debt Facility, the Third Lien Collateral Trustee and (b) in the case of any other Series of Third Lien Debt, the trustee, agent or representative of the holders of such Series of Third Lien Debt who (i) is appointed as a Third Lien
Representative (for purposes related to the administration of the security documents) pursuant to the indenture, credit agreement or other agreement governing such Series of Third Lien Debt, in each case, together with its successors in such
capacity, and (ii) has become party to the Third Lien Collateral Trust Agreement by executing a joinder in the form required under the Third Lien Collateral Trust Agreement. 

“Third Lien Second Standstill Period” has the meaning assigned to such term in Section 3.02(b).

 “Third Lien Secured Parties” means the Initial Third Lien Secured Parties and the Additional Third Lien Secured Parties.

 “Third Lien Security Documents” means the Initial Third Lien Security Documents and the Additional Third Lien Security
Documents. 
 “Third Lien Substitute Facility” means any facility with respect to which the requirements of
Section 4.04(a) and (b) of this Agreement have been satisfied and that is permitted to be incurred pursuant to the Priority Lien Documents and the Second Lien Documents and that Replaces any Initial Third Lien
Debt Facility and/or Additional Third Lien Debt Facility then in existence. For the avoidance of doubt, no Third Lien Substitute Facility shall be required to be evidenced by notes or other instruments and any such facility may be evidenced or
governed by a credit agreement, loan agreement, note agreement, promissory note, indenture or other agreement or instrument; provided that the Liens securing any such Third Lien Substitute Facility shall be subject to the terms of this
Agreement for all purposes (including the lien priorities set forth herein as of the date hereof) to the same extent as the Liens securing the other Third Lien Obligations. 

“Third Party Hedging Obligations” means Hedging Obligations that are (a) secured by a Priority Lien and (b) owed to
a Person other than the Priority Lien Agent or any Person who is a lender under the Priority Lien Credit Agreement or an Affiliate of a lender under the Priority Lien Credit Agreement at the time of determination. 

“Voting Stock” means, with respect to any Person, securities of any class or classes of Capital Stock in such Person
entitling the holders thereof (whether at all times or only so long as no senior class of stock has voting power by reason of contingency) to vote in the election of members of the Board of Directors of such Person. 

“Weighted Yield” shall mean as to any Priority Lien Debt, Second Lien Debt or Third Lien Debt, the weighted yield to maturity
thereof based on interest rate margin, original issue discount or fees (in each case amortized over the life of such indebtedness), interest rate floors or other similar component of yield, in each case, incurred or payable by the borrower of such
indebtedness, and excluding, for the avoidance of doubt, (a) any changes in yield due to (i) changes in the underlying reference rate (such as LIBOR or the prime rate), (ii) application of any default rate that is less than or equal to
3.00% per annum or (iii) in the case of the Second Lien Obligations, the imposition of a paid-in-kind rate of interest that is less than or equal to 1.00% per
annum, (b) premiums and call protection amounts, (c) make-whole amounts and yield maintenance amounts and (d) customary annual agency fees (regardless of whether any of the foregoing amounts are paid to, or shared with, in whole or in
part, any lender). 

  
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 ARTICLE II 

LIEN PRIORITIES 

Section 2.01 Relative Priorities. 

(a) The grant of the Priority Liens pursuant to the Priority Lien Documents, the grant of the Second Liens pursuant to the Second Lien
Documents and the grant of the Third Liens pursuant to the Third Lien Documents each create separate and distinct Liens on the Collateral. 

(b) Notwithstanding anything contained in this Agreement, the Priority Lien Documents, the Second Lien Documents, the Third Lien Documents or
any other agreement or instrument or operation of law to the contrary, or any other circumstance whatsoever and irrespective of (i) how a Lien was acquired (whether by grant, possession, statute, operation of law, subrogation, or otherwise),
(ii) the time, manner, or order of the grant, attachment or perfection of a Lien, (iii) any conflicting provision of the New York UCC or other applicable law, (iv) any defect in, or
non-perfection, setting aside, or avoidance of, a Lien or a Priority Lien Document, a Second Lien Document or a Third Lien Document, (v) the modification of a Priority Lien Obligation, a Second Lien
Obligation or a Third Lien Obligation, or (vi) the subordination of a Lien on Collateral securing a Priority Lien Obligation to a Lien securing another obligation of NOG or any other Person that is permitted under the Priority Lien Documents as
in effect on the date hereof or securing a DIP Financing, each of the Second Lien Agent, on behalf of itself and the other Second Lien Secured Parties, and the Third Lien Collateral Trustee, on behalf of itself and the other Third Lien Secured
Parties, hereby agrees that (i) any Priority Lien on any Collateral now or hereafter held by or for the benefit of any Priority Lien Secured Party shall be senior in right, priority, operation, effect and in all other respects to (A) any
and all Second Liens on any Collateral, subject to the Priority Lien Cap, and (B) any and all Third Liens on any Collateral, (ii) any Second Lien on any Collateral now or hereafter held by or for the benefit of any Second Lien Secured
Party shall be (A) junior and subordinate in right, priority, operation, effect and in all other respects to any and all Priority Liens on any Collateral, subject to the Priority Lien Cap, and (B) senior in right, priority, operation,
effect and in all other respects to any and all Third Liens on any Collateral and (iii) any Third Lien on any Collateral now or hereafter held by or for the benefit of any Third Lien Secured Party shall be junior and subordinate in right,
priority, operation, effect and in all other respects to (A) any and all Priority Liens on any Collateral (without regard to the Priority Lien Cap) and (B) any and all Second Liens on any Collateral. The subordination of the Liens securing
the Second Lien Obligations to the Liens securing the Priority Lien Obligations (subject to the Priority Lien Cap) and the subordination of the Liens securing the Third Lien Obligations to the Liens securing Priority Lien Obligations (without regard
to the Priority Lien Cap) and to the Liens securing the Second Lien Obligations set forth in this Section 2.01(b) affects only the relative priority of those Liens, and does not subordinate the Second Lien Obligations or
the Third Lien Obligations in right of payment to the Priority Lien Obligations, and does not subordinate the Excess Priority Lien Obligations or the Third Lien Obligations in right of payment to the Second Lien Obligations. 

(c) It is acknowledged that (i) the aggregate amount of the Priority Lien Obligations may be increased from time to time pursuant to the
terms of the Priority Lien Documents, (ii) a portion of the Priority Lien Obligations consists or may consist of Debt that is revolving in nature, and the amount thereof that may be outstanding at any time or from time to time may be increased
or reduced and subsequently reborrowed, and (iii) (A) the Priority Lien Documents may be replaced, restated, supplemented, restructured or otherwise amended or modified from time to time and (B) the Priority Lien Obligations may be
increased, extended, renewed, replaced, restated, supplemented, restructured, repaid, refunded, refinanced or otherwise amended or modified from time to time, in the case of the foregoing (A) and (B) all without affecting the subordination of
the Second Liens (subject to the Priority Lien Cap) or Third Liens (without regard to the Priority Lien Cap) hereunder or the provisions of this Agreement defining the relative rights of the Priority Lien Secured Parties, the Second Lien Secured
Parties and the 

  
 16 

 
Third Lien Secured Parties in connection with the Collateral. Subject to this Agreement, it is acknowledged that (i) the aggregate amount of Second Lien Obligations may be increased from
time to time pursuant to the terms of the Second Lien Documents and (ii) (A) the Second Lien Documents may be replaced, restated, supplemented, restructured or otherwise amended or modified from time to time and (B) the Second Lien
Obligations may be increased, extended, renewed, replaced, restated, supplemented, restructured, repaid, refunded, refinanced or otherwise amended or modified from time to time in accordance with the terms hereof, in the case of the foregoing
(A) and (B) all without affecting the subordination of the Third Liens hereunder or the provisions of this Agreement defining the relative rights of the Priority Lien Secured Parties, the Second Lien Secured Parties and the Third Lien Secured
Parties in connection with the Collateral. The lien priorities provided for herein shall not be altered or otherwise affected by any amendment, modification, supplement, extension, increase, renewal, restatement or Replacement of the Priority Lien
Obligations (or any part thereof), the Second Lien Obligations (or any part thereof) or the Third Lien Obligations (or any part thereof), by the release of any Collateral or of any guarantees for any Priority Lien Obligations or the Second Lien
Obligations or by any action that any Secured Debt Representative or Secured Party may take or fail to take in respect of any Collateral. 

Section 2.02 Prohibition on Marshalling, Etc. 

(a) So long as the Discharge of Priority Lien Obligations has not occurred, the Second Lien Agent will not assert any marshalling, appraisal,
valuation, or other similar right that may otherwise be available to such Second Lien Agent, for itself, or as a representative of another Person. 

(b) So long as the Discharge of Priority Lien Obligations and the Discharge of Second Lien Obligations has not occurred, the Third Lien
Collateral Trustee will not assert any marshalling, appraisal, valuation, or other similar right that may otherwise be available to such Third Lien Collateral Trustee, for itself, or as a representative of another Person. 

Section 2.03 No New Liens. The parties hereto agree that, (a) so long as the Discharge of Priority Lien Obligations has not
occurred, none of the Grantors shall, nor shall any Grantor permit any of its subsidiaries to, (i) grant or permit any additional Liens on any asset of such Grantor to secure any Third Lien Obligation, or take any action to perfect any
additional Liens to secure any Third Lien Obligation, unless it has granted, or substantially concurrently therewith grants (or offers to grant), a Lien on such asset to secure (A) the Priority Lien Obligations and has taken all actions
required to perfect such Liens and (B) the Second Lien Obligations and has taken all actions required to perfect such Liens; provided, however, that the refusal or inability of the Priority Lien Agent or the Second Lien Agent to
accept such Lien will not prevent the Third Lien Collateral Trustee from taking the Lien, (ii) grant or permit any additional Liens on any asset of any Grantor to secure any Second Lien Obligation, or take any action to perfect any additional
Liens to secure any Second Lien Obligation, unless it has granted, or substantially concurrently therewith grants (or offers to grant), a Lien on such asset of such Grantor to secure (A) the Priority Lien Obligations and has taken all actions
required to perfect such Liens and (B) the Third Lien Obligations and has taken all actions required to perfect such Liens; provided, however, that the refusal or inability of the Priority Lien Agent or the Third Lien Collateral
Trustee to accept such Lien will not prevent the Second Lien Agent from taking the Lien, or (iii) grant or permit any additional Liens on any asset of a Grantor to secure any Priority Lien Obligation, or take any action to perfect any
additional Liens to secure any Priority Lien Obligation, unless it has granted, or substantially concurrently therewith grants (or offers to grant), a Lien on such asset of such Grantor to secure (A) the Second Lien Obligations and has taken
all actions required to perfect such Liens and (B) the Third Lien Obligations and has taken all actions required to perfect such Liens; provided, however, that the refusal or inability of the Second Lien Agent or the Third Lien
Collateral Trustee to accept such Lien will not prevent the Priority Lien Agent from taking the Lien and (b) after the Discharge of Priority Lien Obligations but prior to the Discharge of Second Lien Obligations, none of the Grantors shall, nor
shall 

  
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any Grantor permit any of its subsidiaries to, (i) grant or permit any additional Liens on any asset of a Grantor to secure any Second Lien Obligation, or take any action to perfect any
additional Liens to secure any Second Lien Obligation, unless it has granted, or substantially concurrently therewith grants (or offers to grant), a Lien on such asset of a Grantor to secure the Third Lien Obligations and has taken all actions
required to perfect such Liens; provided, however, that the refusal or inability of the Third Lien Collateral Trustee to accept such Lien will not prevent the Second Lien Agent from taking the Lien, or (ii) grant or permit any
additional Liens on any asset to secure any Third Lien Obligations, or take any action to perfect any additional Liens to secure any Third Lien Obligation, unless it has granted, or substantially concurrently therewith grants (or offers to grant), a
Lien on such asset to secure the Second Lien Obligations and has taken all actions required to perfect such Liens; provided, however, that the refusal or inability of the Second Lien Agent to accept such Lien will not prevent the Third
Lien Collateral Trustee from taking the Lien, with each such Lien as described in clauses (a) and (b) of this Section 2.03 to be subject to the provisions of this Agreement. To the extent that the
provisions of the immediately preceding sentence are not complied with for any reason, without limiting any other right or remedy available to the Priority Lien Agent, the other Priority Lien Secured Parties, the Second Lien Agent, the other Second
Lien Secured Parties, the Third Lien Collateral Trustee or the other Third Lien Secured Parties, each of the Second Lien Agent, for itself and on behalf of the other Second Lien Secured Parties, and the Third Lien Collateral Trustee, for itself and
on behalf of the other Third Lien Secured Parties, agrees that any amounts received by or distributed to any Second Lien Secured Party or Third Lien Secured Party, as applicable, pursuant to or as a result of any Lien granted in contravention of
this Section 2.03, shall be subject to Section 3.05(b). 
 Section 2.04 Similar
Collateral and Agreements. The parties hereto acknowledge and agree that it is their intention that the Priority Lien Collateral, the Second Lien Collateral and the Third Lien Collateral be identical. In furtherance of the foregoing, the parties
hereto agree (a) to cooperate in good faith in order to determine, upon any reasonable request by the Priority Lien Agent, the Second Lien Agent or the Third Lien Collateral Trustee, the specific assets included in the Priority Lien Collateral,
the Second Lien Collateral and the Third Lien Collateral, the steps taken to perfect the Priority Liens, the Second Liens and the Third Liens thereon and the identity of the respective parties obligated under the Priority Lien Documents, the Second
Lien Documents and the Third Lien Documents in respect of the Priority Lien Obligations, the Second Lien Obligations and the Third Lien Obligations, respectively, (b) that the Second Lien Security Documents creating Liens on the Collateral
shall be in all material respects the same forms of documents as the respective Priority Lien Security Documents creating Liens on the Collateral other than (i) with respect to the priority nature of the Liens created thereunder in such
Collateral, (ii) other modifications to the Second Lien Security Documents that are less restrictive than the corresponding Priority Lien Security Documents, (iii) provisions in the Second Lien Security Documents that are solely applicable
to the rights and duties of the Second Lien Secured Parties, and (iv) deletions or modifications of representations, warranties and covenants that are customary with respect to security documents establishing Liens securing publicly traded debt
securities, (c) that the Third Lien Security Documents creating Liens on the Collateral shall be in all material respects the same forms of documents as the respective Priority Lien Security Documents and Second Lien Security Documents creating
Liens on the Collateral other than (i) with respect to the priority nature of the Liens created thereunder in such Collateral, (ii) other modifications to such Third Lien Security Documents that are less restrictive than the corresponding
Priority Lien Security Documents and Second Lien Security Documents, (iii) provisions in the Third Lien Security Documents that are solely applicable to the rights and duties of the Third Lien Secured Parties, and (iv) deletions or
modifications of representations, warranties and covenants that are customary with respect to security documents establishing Liens securing publicly traded debt securities, (d) that at no time shall there be any Grantor that is an obligor in
respect of the Second Lien Obligations that is not also an obligor in respect of the Priority Lien Obligations, (e) that at no time shall there be any Grantor that is an obligor in respect of the Third Lien Obligations that is not also an
obligor in respect of the Priority Lien Obligations and the Second Lien Obligations (except to the extent otherwise permitted 

  
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by the Second Lien Documents), and (f) that at no time shall there be a Grantor that is an obligor in respect of the Priority Lien Obligations that is not also an obligor in respect of the
Second Lien Obligations and, if required by the Third Lien Documents, the Third Lien Obligations (except to the extent otherwise permitted by the Second Lien Documents); provided that in the cases of the foregoing clauses (e)-(f), the refusal or
inability of the Priority Lien Agent, Second Lien Agent or the Third Lien Collateral Trustee to accept a guarantee or Lien from such Grantor will not prevent the Priority Lien Agent, Second Lien Agent or the Third Lien Collateral Trustee, as
applicable from accepting such guarantee or taking the Lien. 
 Section 2.05 No Duties of Priority Lien Agent. Each of the
Second Lien Agent, for itself and on behalf of each Second Lien Secured Party, and the Third Lien Collateral Trustee, for itself and on behalf of each Third Lien Secured Party, acknowledges and agrees that neither the Priority Lien Agent nor any
other Priority Lien Secured Party shall have any duties or other obligations to any such Second Lien Secured Party or Third Lien Secured Party with respect to any Collateral, other than to transfer to the Second Lien Agent any remaining Collateral
and any proceeds of the sale or other Disposition of any such Collateral remaining in its possession following the associated Discharge of Priority Lien Obligations, in each case without representation or warranty on the part of the Priority Lien
Agent or any Priority Lien Secured Party. In furtherance of the foregoing, each Second Lien Secured Party and Third Lien Secured Party acknowledges and agrees that until the Discharge of Priority Lien Obligations (subject to the terms of
Section 3.02, including the rights of the Second Lien Secured Parties and the Third Lien Secured Parties following the expiration of any applicable Standstill Period), the Priority Lien Agent shall be entitled, for the
benefit of the Priority Lien Secured Parties, to sell, transfer or otherwise Dispose of or deal with such Collateral, as provided herein and in the Priority Lien Documents, without regard to (a) any Second Lien or any rights to which the Second
Lien Agent or any Second Lien Secured Party would otherwise be entitled as a result of such Second Lien or (b) any Third Lien or any rights to which the Third Lien Collateral Trustee or any Third Lien Secured Party would otherwise be entitled
as a result of such Third Lien. Without limiting the foregoing, each Second Lien Secured Party and Third Lien Secured Party agrees that neither the Priority Lien Agent nor any other Priority Lien Secured Party shall have any duty or obligation first
to marshal or realize upon any type of Collateral, or to sell, Dispose of or otherwise liquidate all or any portion of such Collateral, in any manner that would maximize the return to the Second Lien Secured Parties or the Third Lien Secured
Parties, notwithstanding that the order and timing of any such realization, sale, Disposition or liquidation may affect the amount of proceeds actually received by the Second Lien Secured Parties or the Third Lien Secured Parties, as applicable,
from such realization, sale, Disposition or liquidation. Each of the Second Lien Secured Parties and Third Lien Secured Parties waives any claim such Second Lien Secured Party or Third Lien Secured Party may now or hereafter have against the
Priority Lien Agent or any other Priority Lien Secured Party arising out of any actions which the Priority Lien Agent or the Priority Lien Secured Parties take or omit to take (including actions with respect to the creation, perfection or
continuation of Liens on any Collateral, actions with respect to the foreclosure upon, sale, release or depreciation of, or failure to realize upon, any of the Collateral, and actions with respect to the collection of any claim for all or any part
of the Priority Lien Obligations from any account debtor, guarantor or any other party) in accordance with this Agreement and the Priority Lien Documents or the valuation, use, protection or release of any security for the Priority Lien Obligations.

 Section 2.06 No Duties of Second Lien Agent. The Third Lien Collateral Trustee, for itself and on behalf of each Third Lien
Secured Party, acknowledges and agrees that neither the Second Lien Agent nor any other Second Lien Secured Party shall have any duties or other obligations to such Third Lien Secured Party with respect to any Collateral, other than to transfer to
the Third Lien Collateral Trustee any remaining Collateral and any proceeds of the sale or other Disposition of any such Collateral remaining in its possession following the associated Discharge of Second Lien Obligations (provided such Discharge of
Second Lien Obligations occurs after the Discharge of Priority Lien Obligations), in 

  
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each case without representation or warranty on the part of the Second Lien Agent or any Second Lien Secured Party. In furtherance of the foregoing, each Third Lien Secured Party acknowledges and
agrees that after the Discharge of Priority Lien Obligations and until the Discharge of Second Lien Obligations (subject to the terms of Section 3.02, including the rights of the Third Lien Secured Parties following
expiration of the Third Lien Second Standstill Period), the Second Lien Agent shall be entitled, for the benefit of the Second Lien Secured Parties, to sell, transfer or otherwise Dispose of or deal with such Collateral, as provided herein and in
the Second Lien Documents, without regard to any Third Lien or any rights to which the Third Lien Collateral Trustee or any Third Lien Secured Party would otherwise be entitled as a result of such Third Lien. Without limiting the foregoing, each
Third Lien Secured Party agrees that neither the Second Lien Agent nor any other Second Lien Secured Party shall have any duty or obligation first to marshal or realize upon any type of Collateral, or to sell, Dispose of or otherwise liquidate all
or any portion of such Collateral in any manner that would maximize the return to the Third Lien Secured Parties, notwithstanding that the order and timing of any such realization, sale, Disposition or liquidation may affect the amount of proceeds
actually received by the Third Lien Secured Parties from such realization, sale, Disposition or liquidation. Following the Discharge of Priority Lien Obligations and the Discharge of Second Lien Obligations, the Third Lien Collateral Trustee and the
other Third Lien Secured Parties may, subject to any other agreements binding on the Third Lien Collateral Trustee or such other Third Lien Secured Parties, assert their rights under the New York UCC or otherwise to any proceeds remaining following
a sale, Disposition or other liquidation of Collateral by, or on behalf of the Third Lien Secured Parties. Each of the Third Lien Secured Parties waives any claim such Third Lien Secured Party may now or hereafter have against the Second Lien Agent
or any other Second Lien Secured Party arising out of any actions which the Second Lien Agent or the Second Lien Secured Parties take or omit to take (including actions with respect to the creation, perfection or continuation of Liens on any
Collateral, actions with respect to the foreclosure upon, sale, release or depreciation of, or failure to realize upon, any of the Collateral, and actions with respect to the collection of any claim for all or any part of the Second Lien Obligations
from any account debtor, guarantor or any other party) in accordance with this Agreement and the Second Lien Documents or the valuation, use, protection or release of any security for the Second Lien Obligations. 

ARTICLE III 

ENFORCEMENT RIGHTS; PURCHASE OPTION 

Section 3.01 Limitation on Enforcement Action. 

(a) Prior to the Discharge of Priority Lien Obligations, each of the Second Lien Agent, for itself and on behalf of each Second Lien Secured
Party, and the Third Lien Collateral Trustee, for itself and on behalf of each Third Lien Secured Party, hereby agrees that, subject to Sections 3.02, 3.05(b) and 4.07, none of the Second Lien Agent, any other Second Lien
Secured Party, the Third Lien Collateral Trustee or any other Third Lien Secured Party shall commence any judicial or nonjudicial foreclosure proceedings with respect to, seek to have a trustee, receiver, liquidator or similar official appointed for
or over, attempt any action to take possession of, exercise any right, remedy or power with respect to, or otherwise take any action to enforce its interest in or realize upon, or take any other action available to it in respect of, any Collateral
under any Second Lien Security Document or Third Lien Security Document, as applicable, applicable law or otherwise (including but not limited to any right of setoff), it being agreed that only the Priority Lien Agent, acting in accordance with the
applicable Priority Lien Documents, shall have the exclusive right (whether or not any Insolvency or Liquidation Proceeding has been commenced), to take any such actions or exercise any such remedies, in each case without any consultation with or
the consent of the Second Lien Agent, any other Second Lien Secured Party, the Third Lien Collateral Trustee or any other Third Lien Secured Party. In exercising rights and remedies with respect to the Collateral, the Priority Lien Agent and the
other Priority Lien Secured Parties may enforce the provisions of the Priority Lien Documents and exercise remedies thereunder, all in such order and in such manner as 

  
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they may determine in their sole discretion and regardless of whether such exercise and enforcement is adverse to the interest of any Second Lien Secured Party or Third Lien Secured Party. Such
exercise and enforcement shall include the rights of an agent appointed by them to Dispose of Collateral upon foreclosure, to incur expenses in connection with any such Disposition and to exercise all the rights and remedies of a secured creditor
under the Uniform Commercial Code, the Bankruptcy Code or any other Bankruptcy Law. Without limiting the generality of the foregoing, prior to the Discharge of Priority Lien Obligations, the Priority Lien Agent will have the exclusive right to deal
with that portion of the Collateral consisting of deposit accounts, securities accounts and commodities accounts (collectively, “Accounts”), including exercising rights under control agreements with respect to such Accounts. Each of
the Second Lien Agent, for itself and on behalf of the other Second Lien Secured Parties, and the Third Lien Collateral Trustee, for itself and on behalf of the other Third Lien Secured Parties, hereby acknowledges and agrees that no covenant,
agreement or restriction contained in any Second Lien Security Document, any other Second Lien Document, any Third Lien Security Document or any other Third Lien Document, as applicable, shall be deemed to restrict in any way the rights and remedies
of the Priority Lien Agent or the other Priority Lien Secured Parties with respect to the Collateral as set forth in this Agreement. Notwithstanding the foregoing, subject to Section 3.05, the Second Lien Agent, on behalf
of the Second Lien Secured Parties, may, but will have no obligation to, take all such actions (not adverse to the Priority Liens or the rights of the Priority Lien Agent and the Priority Lien Secured Parties) it deems necessary to perfect or
continue the perfection of the Second Liens in the Collateral or to create, preserve or protect (but not enforce) the Second Liens in the Collateral, and the Third Lien Collateral Trustee, on behalf of the Third Lien Secured Parties, may, but will
have no obligation to, take all such actions (not adverse to the Priority Liens or Second Liens or the rights of the Priority Lien Agent, the Priority Lien Secured Parties, the Second Lien Agent or the Second Lien Secured Parties) it deems necessary
to perfect or continue the perfection of the Third Liens in the Collateral or to create, preserve or protect (but not enforce) the Third Liens in the Collateral. 

(b) Following the Discharge of Priority Lien Obligations but prior to the Discharge of Second Lien Obligations, the Third Lien Collateral
Trustee, for itself and on behalf of each Third Lien Secured Party, hereby agrees that, subject to Sections 3.02, 3.05(b) and 4.07, neither the Third Lien Collateral Trustee nor any other Third Lien Secured Party shall commence
any judicial or nonjudicial foreclosure proceedings with respect to, seek to have a trustee, receiver, liquidator or similar official appointed for or over, attempt any action to take possession of, exercise any right, remedy or power with respect
to, or otherwise take any action to enforce its interest in or realize upon, or take any other action available to it in respect of, any Collateral under any Third Lien Security Document, applicable law or otherwise (including but not limited to any
right of setoff), it being agreed that the Second Lien Agent, acting in accordance with the applicable Second Lien Documents, shall have the exclusive right (but shall not be obligated to, whether or not any Insolvency or Liquidation Proceeding has
been commenced), to take any such actions or exercise any such remedies, in each case without any consultation with or the consent of the Third Lien Collateral Trustee or any other Third Lien Secured Party. In exercising rights and remedies with
respect to the Collateral, the Second Lien Agent and the other Second Lien Secured Parties may (but shall not be obligated to) enforce the provisions of the Second Lien Documents and exercise remedies thereunder, all in such order and in such manner
as they may determine in their sole discretion and regardless of whether such exercise and enforcement is adverse to the interest of any Third Lien Secured Party. Such exercise and enforcement shall include the rights of an agent appointed by them
to Dispose of Collateral upon foreclosure, to incur expenses in connection with any such Disposition and to exercise all the rights and remedies of a secured creditor under the Uniform Commercial Code, the Bankruptcy Code or any other Bankruptcy
Law. Without limiting the generality of the foregoing, following the Discharge of Priority Lien Obligations and until the Discharge of Second Lien Obligations, the Second Lien Agent will have the exclusive right but shall not be obligated to deal
with the Accounts, including exercising rights under control agreements with respect to such Accounts. The Third Lien Collateral Trustee, for itself and on behalf of the other Third Lien Secured Parties, hereby

  
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acknowledges and agrees that no covenant, agreement or restriction contained in any Third Lien Security Document or any other Third Lien Document shall be deemed to restrict in any way the rights
and remedies of the Second Lien Agent or the other Second Lien Secured Parties with respect to the Collateral as set forth in this Agreement. Notwithstanding the foregoing, subject to Section 3.05, the Third Lien Collateral
Trustee may, but will have no obligation to, on behalf of the Third Lien Secured Parties, take all such actions (not adverse to the Second Liens or the rights of the Second Lien Agent and the Second Lien Secured Parties) it deems necessary to
perfect or continue the perfection of the Third Liens in the Collateral or to create, preserve or protect (but not enforce) the Third Liens in the Collateral. 

(c) Nothing herein shall limit the right or ability of the Second Lien Secured Parties or any Third Lien Secured Parties to (i) purchase
(by credit bid or otherwise) all or any portion of the Collateral, including in connection with any enforcement of remedies by the Priority Lien Agent (or, to the extent permitted hereunder, by the Second Lien Agent), to the extent that, and so long
as, the Priority Lien Secured Parties (and, in the case of a purchase by any Third Lien Secured Parties, the Second Lien Secured Parties) receive payment in full in cash of all Priority Lien Obligations other than, in the case of a purchase by the
Second Lien Secured Parties, the Excess Priority Lien Obligations after giving effect thereto, (ii) file a proof of claim with respect to the Second Lien Obligations or the Third Lien Obligations, as applicable or (iii) file any responsive
or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleading objecting to or otherwise seeking the disallowance of the claims or Liens of any holders of Second Lien Obligations or Third Lien Obligations, as
applicable. 
 Section 3.02 Standstill Periods; Permitted Enforcement Action. 

(a) Prior to the Discharge of Priority Lien Obligations and notwithstanding Section 3.01, both before and during an
Insolvency or Liquidation Proceeding: 
 (i) after a period of 180 days has elapsed (which period will be tolled during any
period in which the Priority Lien Agent is not entitled, on behalf of the Priority Lien Secured Parties, to enforce or exercise any rights or remedies with respect to any Collateral as a result of (A) any injunction issued by a court of
competent jurisdiction or (B) the automatic stay or any other stay or prohibition in any Insolvency or Liquidation Proceeding) since the later of (1) the date on which the Second Lien Debt is accelerated and (2) the date on which the
Second Lien Agent has delivered to the Priority Lien Agent written notice of the acceleration of any Second Lien Debt (the “Second Lien Standstill Period”), the Second Lien Agent and the other Second Lien Secured Parties may but
shall not be obligated to enforce or exercise any rights or remedies with respect to any Collateral; provided, however, that notwithstanding the expiration of the Second Lien Standstill Period the Second Lien Documents to the contrary,
in no event may the Second Lien Agent or any other Second Lien Secured Party enforce or exercise any rights or remedies with respect to any Collateral, or commence, join with any Person at any time in commencing, or petition for or vote in favor of
any resolution for, any such action or proceeding, if the Priority Lien Agent on behalf of the Priority Lien Secured Parties or any other Priority Lien Secured Party shall have commenced, and shall be diligently pursuing (or, if necessary to permit
the commencement and pursuit thereof, shall have sought or requested relief from, or modification of, the automatic stay or any other stay or other prohibition in any Insolvency or Liquidation Proceeding to enable the commencement and pursuit
thereof), the enforcement or exercise of any rights or remedies with respect to any material portion of the Collateral or any such action or proceeding (prompt written notice thereof to be given to the Second Lien Agent by the Priority Lien Agent);
provided, further, that, at any time after the expiration of the Second Lien Standstill Period, if neither the Priority Lien Agent nor any other Priority Lien Secured Party shall have commenced and be diligently pursuing (or shall have
sought or requested relief from, or modification of, the automatic stay or any other stay or other prohibition in any Insolvency or 

  
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Liquidation Proceeding to enable the commencement and pursuit thereof) the enforcement or exercise of any rights or remedies with respect to any material portion of the Collateral, or any such
action or proceeding in respect of such rights or remedies, then the Second Lien Agent shall be free to commence (or refrain from commencing) the enforcement or exercise of any rights or remedies with respect to the Collateral, or any such action or
proceeding in respect of such rights and remedies, and for so long as the Second Lien Agent is diligently pursuing such rights or remedies, none of any Priority Lien Secured Party, the Priority Lien Agent, any Third Lien Secured Party or the Third
Lien Collateral Trustee shall take any action of a similar nature with respect to such Collateral or commence, join with any Person at any time in commencing, or petition for or vote in favor of any resolution for, any such action or proceeding;
provided, further, that, if the Second Lien Agent or any Second Lien Secured Party exercises rights or remedies in accordance with the terms of this Section 3.02(a)(i), then such Person shall promptly give
written notice thereof to the Priority Lien Agent; and 
 (ii) after a period of 270 days has elapsed (which period will be
tolled during any period in which the Priority Lien Agent is not entitled, on behalf of the Priority Lien Secured Parties, to enforce or exercise any rights or remedies with respect to any Collateral as a result of (A) any injunction issued by
a court of competent jurisdiction or (B) the automatic stay or any other stay or prohibition in any Insolvency or Liquidation Proceeding) since the later of (1) the date on which the Third Lien Debt is accelerated or (2) the date on
which the Third Lien Collateral Trustee has delivered to the Priority Lien Agent and the Second Lien Agent written notice of the acceleration of any Third Lien Debt (the “Third Lien First Standstill Period”), the Third Lien
Collateral Trustee and the other Third Lien Secured Parties may but shall not be obligated to enforce or exercise any rights or remedies with respect to any Collateral; provided, however, that notwithstanding the expiration of the
Third Lien First Standstill Period or anything in the Third Lien Collateral Trust Agreement or the Third Lien Documents to the contrary, in no event may the Third Lien Collateral Trustee or any other Third Lien Secured Party enforce or exercise any
rights or remedies with respect to any Collateral, or commence, join with any Person at any time in commencing, or petition for or vote in favor of any resolution for, any such action or proceeding, if (I) the Priority Lien Agent on behalf of
the Priority Lien Secured Parties or any other Priority Lien Secured Party or (II) the Second Lien Agent on behalf of the Second Lien Secured Parties or any other Second Lien Secured Party shall have commenced, and shall be diligently pursuing
(or, if necessary to permit the commencement and pursuit thereof, shall have sought or requested relief from, or modification of, the automatic stay or any other stay or other prohibition in any Insolvency or Liquidation Proceeding to enable the
commencement and pursuit thereof), the enforcement or exercise of any rights or remedies with respect to any material portion of the Collateral or any such action or proceeding (prompt written notice thereof to be given to the Third Lien
Representatives by the Priority Lien Agent or the Second Lien Agent, as applicable); provided, further, that, at any time after the expiration of the Third Lien First Standstill Period, if none of any Priority Lien Secured Party, the
Priority Lien Agent, any Second Lien Secured Party or the Second Lien Agent shall have commenced and be diligently pursuing the enforcement or exercise of any rights or remedies with respect to any material portion of the Collateral or any such
action or proceeding, and the Third Lien Collateral Trustee shall have commenced the enforcement or exercise of any rights or remedies with respect to any of the Collateral or any such action or proceeding, then for so long as the Third Lien
Collateral Trustee is diligently pursuing such rights or remedies, none of any Priority Lien Secured Party, the Priority Lien Agent, any Second Lien Secured Party or the Second Lien Agent shall take any action of a similar nature with respect to
such Collateral, or commence, join with any Person at any time in commencing, or petition for or vote in favor of any resolution for, any such action or proceeding; provided, further, that, if the Third Lien Collateral Trustee or any
Third Lien Secured Party exercises rights or remedies in accordance with the terms of this Section 3.02(a)(ii), then such Person shall promptly give written notice thereof to the Priority Lien Agent and the Second Lien
Agent. 

  
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 (b) Following the Discharge of Priority Lien Obligations but prior to the Discharge of Second
Lien Obligations and notwithstanding Section 3.01, both before and during an Insolvency or Liquidation Proceeding, after a period of 180 days has elapsed (which period will be tolled during any period in which the Second
Lien Agent is not entitled, on behalf of the Second Lien Secured Parties, to enforce or exercise any rights or remedies with respect to any Collateral as a result of (A) any injunction issued by a court of competent jurisdiction, (B) the
automatic stay or any other stay or prohibition in any Insolvency or Liquidation Proceeding or (C) this Agreement) since the later of (1) the date on which the Third Lien Debt is accelerated and (2) the date on which the Third Lien
Collateral Trustee has delivered to the Second Lien Agent written notice of the acceleration of any Third Lien Debt (the “Third Lien Second Standstill Period”), the Third Lien Collateral Trustee and the other Third Lien Secured
Parties may but shall not be obligated to enforce or exercise any rights or remedies with respect to any Collateral; provided, however, that notwithstanding the expiration of the Third Lien Second Standstill Period or anything in the
Third Lien Collateral Trust Agreement or the Third Lien Documents to the contrary, in no event may the Third Lien Collateral Trustee or any other Third Lien Secured Party enforce or exercise any rights or remedies with respect to any Collateral, or
commence, join with any Person at any time in commencing, or petition for or vote in favor of any resolution for, any such action or proceeding, if the Second Lien Agent on behalf of the Second Lien Secured Parties or any other Second Lien Secured
Party shall have commenced, and shall be diligently pursuing (or, if necessary to permit the commencement and pursuit thereof, shall have sought or requested relief from, or modification of, the automatic stay or any other stay or other prohibition
in any Insolvency or Liquidation Proceeding to enable the commencement and pursuit thereof), the enforcement or exercise of any rights or remedies with respect to any material portion of the Collateral or any such action or proceeding (prompt
written notice thereof to be given to the Third Lien Representatives by the Second Lien Agent); provided, further, that, at any time after the expiration of the Third Lien Second Standstill Period, if neither the Second Lien Agent nor
any other Second Lien Secured Party shall have commenced and be diligently pursuing the enforcement or exercise of any rights or remedies with respect to any material portion of the Collateral or any such action or proceeding, and the Third Lien
Collateral Trustee shall have commenced the enforcement or exercise of any rights or remedies with respect to any of the Collateral or any such action or proceeding, then for so long as the Third Lien Collateral Trustee is diligently pursuing such
rights or remedies, neither any Second Lien Secured Party nor the Second Lien Agent shall take any action of a similar nature with respect to such Collateral, or commence, join with any Person at any time in commencing, or petition for or vote in
favor of any resolution for, any such action or proceeding; provided, further, that, if the Third Lien Collateral Trustee or any Third Lien Secured Party exercises rights or remedies in accordance with the terms of this
Section 3.02(b), then such Person shall promptly give written notice thereof to the Second Lien Agent. 

Section 3.03 Insurance. 

(a) Unless and until the Discharge of Priority Lien Obligations has occurred, (subject to the terms of Section 3.02,
including the rights of the Second Lien Secured Parties and the Third Lien Secured Parties following expiration of any applicable Standstill Period), the Priority Lien Agent shall have the sole and exclusive right, subject to the rights of the
Grantors under the Priority Lien Documents, to adjust and settle claims in respect of Collateral under any insurance policy in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding (or any deed
in lieu of condemnation) affecting the Collateral. If the Second Lien Agent, any Second Lien Secured Party, the Third Lien Collateral Trustee or any Third Lien Secured Party shall, at any time prior to the Discharge of Priority Lien Obligations,
receive any proceeds of any such insurance policy or any such award or payment in contravention of the foregoing, it shall forthwith pay such proceeds over to the Priority Lien 

  
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Agent. In addition, if by virtue of being named as an additional insured or loss payee of any insurance policy of any Grantor covering any of the Collateral, the Second Lien Agent, any other
Second Lien Secured Party, the Third Lien Collateral Trustee or any other Third Lien Secured Party shall have the right to adjust or settle any claim under any such insurance policy, then unless and until the Discharge of Priority Lien Obligations
has occurred, the Second Lien Agent, any such Second Lien Secured Party, the Third Lien Collateral Trustee and any such Third Lien Secured Party shall promptly, without delay or hindrance, follow the instructions of the Priority Lien Agent. 

(b) Following the Discharge of Priority Lien Obligations but prior to the Discharge of Second Lien Obligations (subject to the terms of
Section 3.02, including the rights of the Third Lien Secured Parties following expiration of the Third Lien Second Standstill Period), the Second Lien Agent shall have the sole and exclusive right (but not the obligation),
subject to the rights of the Grantors under the Second Lien Documents, to adjust and settle claims in respect of Collateral under any insurance policy in the event of any loss thereunder and to approve any award granted in any condemnation or
similar proceeding (or any deed in lieu of condemnation) affecting the Collateral. If the Third Lien Collateral Trustee or any Third Lien Secured Party shall, at any time following the Discharge of Priority Lien Obligations but prior to the
Discharge of Second Lien Obligations, receive any proceeds of any such insurance policy or any such award or payment in contravention of the foregoing, it shall forthwith pay such proceeds over to the Second Lien Agent. In addition, if by virtue of
being named as an additional insured or loss payee of any insurance policy of any Grantor covering any of the Collateral, the Third Lien Collateral Trustee or any other Third Lien Secured Party shall have the right to adjust or settle any claim
under any such insurance policy, then unless and until the Discharge of Second Lien Obligations has occurred, the Third Lien Collateral Trustee and any such Third Lien Secured Party shall promptly, without delay or hindrance, follow the instructions
of the Second Lien Agent. 
 (c) All proceeds of any insurance policy or any award or payment granted in any condemnation or similar
proceeding (or any deed in lieu of condemnation) in respect of the Collateral shall (i) first, prior to the Discharge of Priority Lien Obligations, be paid to the Priority Lien Agent pursuant to the terms of the Priority Lien Documents
(including for purposes of cash collateralization of commitments, letters of credit and Hedging Obligations, but excluding for the payment of any Excess Priority Lien Obligations), (ii) second, after the Discharge of Priority Lien Obligations,
be paid to the Second Lien Agent pursuant to the terms of the Second Lien Documents, (iii) third, after the Discharge of Second Lien Obligations, if any Excess Priority Lien Obligations are outstanding, be paid to the Priority Lien Collateral
Agent pursuant to the Priority Lien Documents (except as otherwise agreed in a writing executed by the Priority Lien Agent, on behalf of the Priority Lien Secured Parties, and any Third Lien Collateral Trustee), (iv) fourth, to the extent no
Excess Priority Lien Obligations are outstanding (unless otherwise agreed in a writing executed by the Priority Lien Agent, on behalf of the Priority Lien Secured Parties, and any Third Lien Collateral Trustee), to the Third Lien Collateral Trustee
pursuant to the Third Lien Documents, and (v) fifth, to the extent no Excess Priority Lien Obligations or Third Lien Obligations are outstanding, to the owner of the subject property or to such other Person as may be entitled thereto or as a
court of competent jurisdiction may otherwise direct. 
 Section 3.04 Notification of Release of Collateral. NOG shall give each
Secured Debt Representative prompt written notice of the Disposition by any Grantor of, and release of the Lien on, any Collateral. Such notice shall describe in reasonable detail the subject Collateral, the parties involved in such Disposition or
release, the place, time, manner and method thereof, and the consideration, if any, received therefor; provided, however, that the failure to give any such notice shall not in and of itself in any way impair the effectiveness of any
such Disposition or release. 

  
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 Section 3.05 No Interference; Payment Over. 

(a) No Interference. 

(i) The Second Lien Agent, for itself and on behalf of each Second Lien Secured Party, agrees that each Second Lien Secured
Party (A) prior to the Discharge of Priority Lien Obligations, will not take or cause to be taken any action the purpose or effect of which is, or could be, to make any Second Lien pari passu with, or to give such Second Lien Secured
Party any preference or priority relative to, any Priority Lien with respect to the Collateral or any part thereof, (B) will not challenge or question in any proceeding the validity or enforceability of any Priority Lien Obligations or Priority
Lien Document, or the validity, attachment, perfection or, subject to the Priority Lien Cap, priority of any Priority Lien, or the validity or enforceability of the priorities, rights or duties established by the provisions of this Agreement,
(C) will not take or cause to be taken any action the purpose or effect of which is, or could be, to interfere, hinder or delay, in any manner, whether by judicial proceedings or otherwise, any sale, transfer or other Disposition of the
Collateral by any Priority Lien Secured Party or the Priority Lien Agent in any enforcement action, (D) shall have no right to (1) direct the Priority Lien Agent or any other Priority Lien Secured Party to exercise any right, remedy or
power with respect to any Collateral or (2) consent to the exercise by the Priority Lien Agent or any other Priority Lien Secured Party of any right, remedy or power with respect to any Collateral, (E) will not institute any suit or assert
in any suit or Insolvency or Liquidation Proceeding any claim against the Priority Lien Agent or other Priority Lien Secured Party seeking damages from or other relief by way of specific performance, instructions or otherwise with respect to, and
neither the Priority Lien Agent nor any other Priority Lien Secured Party shall be liable for, any action taken or omitted to be taken by the Priority Lien Agent or other Priority Lien Secured Party with respect to any Priority Lien Collateral,
(F) prior to the Discharge of Priority Lien Obligations, will not seek, and hereby waives any right, to have any Collateral or any part thereof marshaled upon any foreclosure or other Disposition of such Collateral, (G) will not attempt,
directly or indirectly, whether by judicial proceedings or otherwise, to challenge the enforceability of any provision of this Agreement, (H) will not object to forbearance by the Priority Lien Agent or any Priority Lien Secured Party, and
(I) prior to the Discharge of Priority Lien Obligations will not assert, and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or claim the benefit of any marshalling, appraisal,
valuation or other similar right that may be available under applicable law with respect to the Collateral or any similar rights a junior secured creditor may have under applicable law with respect to the Collateral; and 

(ii) The Third Lien Collateral Trustee, for itself and on behalf of each Third Lien Secured Party, agrees that each Third Lien
Secured Party (A) will not take or cause to be taken any action the purpose or effect of which is, or could be, to make any Third Lien pari passu with, or to give such Third Lien Secured Party any preference or priority relative to, any
Priority Lien or Second Lien with respect to the Collateral or any part thereof, (B) will not challenge or question in any proceeding the validity or enforceability of any Priority Lien Obligations, Priority Lien Document, Second Lien
Obligations or Second Lien Document, or the validity, attachment, perfection or priority of any Priority Lien or Second Lien, or the validity or enforceability of the priorities, rights or duties established by the provisions of this Agreement,
(C) will not take or cause to be taken any action the purpose or effect of which is, or could be, to interfere, hinder or delay, in any manner, whether by judicial proceedings or otherwise, any sale, transfer or other Disposition of the
Collateral by any Priority Lien Secured Party, the Priority Lien Agent, any Second Lien Secured Party or the Second Lien Agent, in each case in any enforcement action, (D) shall have no right to (1) direct the Priority Lien Agent, any
other Priority Lien Secured Party, the Second Lien Agent or any other Second Lien Secured Party to exercise any right, 

  
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remedy or power with respect to any Collateral or (2) consent to the exercise by the Priority Lien Agent, any other Priority Lien Secured Party, the Second Lien Agent or any other Second
Lien Secured Party of any right, remedy or power with respect to any Collateral, (E) will not institute any suit or assert in any suit or Insolvency or Liquidation Proceeding any claim against the Priority Lien Agent, any other Priority Lien
Secured Party, the Second Lien Agent or any other Second Lien Secured Party seeking damages from or other relief by way of specific performance, instructions or otherwise with respect to, and none of the Priority Lien Agent, any other Priority Lien
Secured Party, the Second Lien Agent or any other Second Lien Secured Party shall be liable for, any action taken or omitted to be taken by the Priority Lien Agent, any other Priority Lien Secured Party, the Second Lien Agent or any other Second
Lien Secured Party with respect to any Priority Lien Collateral or Second Lien Collateral, as applicable, (F) prior to the Discharge of Priority Lien Obligations and Discharge of Second Lien Obligations, will not seek, and hereby waives any
right, to have any Collateral or any part thereof marshaled upon any foreclosure or other Disposition of such Collateral, (G) will not attempt, directly or indirectly, whether by judicial proceedings or otherwise, to challenge the
enforceability of any provision of this Agreement, (H) will not object to forbearance by the Priority Lien Agent, any Priority Lien Secured Party, the Second Lien Agent or any Second Lien Secured Party and (I) prior to the Discharge of
Priority Lien Obligations and Discharge of Second Lien Obligations will not assert, and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or otherwise assert or claim the benefit of any marshalling,
appraisal, valuation or other similar right that may be available under applicable law with respect to the Collateral or any similar rights a junior secured creditor may have under applicable law with respect to the Collateral. 

(b) Payment Over. 

(i) Each of the Second Lien Agent, for itself and on behalf of each other Second Lien Secured Party, and the Third Lien
Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, hereby agrees that if any Second Lien Secured Party or Third Lien Secured Party, as applicable, shall obtain possession of any Collateral or shall realize any
proceeds or payment in respect of any Collateral, pursuant to the exercise of any rights or remedies with respect to the Collateral under any Second Lien Security Document or Third Lien Security Document, as applicable, or by the exercise of any
rights available to it under applicable law or in any Insolvency or Liquidation Proceeding, at any time prior to the Discharge of Priority Lien Obligations, to the extent such Priority Liens Obligations are secured, or intended to be secured, by
such Collateral, then it shall hold such Collateral, proceeds or payment in trust for the Priority Lien Agent and the other Priority Lien Secured Parties and transfer such Collateral, proceeds or payment, as the case may be, to the Priority Lien
Agent as promptly as practicable. Furthermore, each of the Second Lien Agent and the Third Lien Collateral Trustee, as applicable, shall, at the Grantors’ expense, promptly send written notice to the Priority Lien Agent upon receipt of such
Collateral, proceeds or payment by any Second Lien Secured Party or Third Lien Secured Party, as applicable, and within five (5) Business Days after receipt of written instructions from the Priority Lien Agent of where and in what manner to
remit such Collateral, proceeds or payment (or such later date as consented to in writing by the Priority Lien Agent), shall deliver such Collateral, proceeds or payment to the Priority Lien Agent, in the same form as received, with any endorsements
reasonably requested by the Priority Lien Agent, or as a court of competent jurisdiction may otherwise direct. The Priority Lien Agent is hereby authorized to make any such endorsements as agent for the Second Lien Agent, any other Second Lien
Secured Party, the Third Lien Collateral Trustee or any other Third Lien Secured Party, as applicable. Each of the Second Lien Agent, for itself and on behalf of each other Second Lien Secured Party, and the Third Lien Collateral Trustee, for itself
and on behalf of each other Third Lien Secured Party, agrees that if, at any time, it obtains written notice that all or part of any payment with 

  
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respect to any Priority Lien Obligations previously made shall be rescinded for any reason whatsoever, it will promptly pay over to the Priority Lien Agent any payment received by it and then in
its possession or under its direct control in respect of any such Collateral securing Priority Liens and shall promptly turn any such Collateral then held by it over to the Priority Lien Agent, in each case, for application in accordance with
Section 6.01 to the extent such application is required by Section 6.01, and the provisions set forth in this Agreement will be reinstated as if such payment had not been made, until the Discharge
of Priority Lien Obligations. All Second Liens and Third Liens will remain attached to and enforceable against all proceeds so held or remitted, subject to the priorities set forth in this Agreement. Notwithstanding anything contained herein to the
contrary, this Section 3.05(b) shall not apply to any proceeds of Collateral realized in a transaction not prohibited by the Priority Lien Documents and as to which the possession or receipt thereof by the Second Lien
Agent, any other Second Lien Secured Party, the Third Lien Collateral Trustee or any other Third Lien Secured Party, as applicable, is otherwise permitted by the Priority Lien Documents. 

(ii) The Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, hereby agrees that if
any Third Lien Secured Party shall obtain possession of any Collateral or shall realize any proceeds or payment in respect of any Collateral, pursuant to the exercise of any rights or remedies with respect to the Collateral under any Third Lien
Security Document or by the exercise of any rights available to it under applicable law or in any Insolvency or Liquidation Proceeding, at any time following the Discharge of Priority Lien Obligations but prior to the Discharge of Second Lien
Obligations, to the extent Second Lien Obligations are secured, or intended to be secured, by such Collateral, then it shall hold such Collateral, proceeds or payment in trust for the Second Lien Agent and the other Second Lien Secured Parties and
transfer such Collateral, proceeds or payment, as the case may be, to the Second Lien Agent as promptly as practicable. Furthermore, at any time following the Discharge of Priority Lien Obligations but prior to the Discharge of Second Lien
Obligations, the Third Lien Collateral Trustee, shall, at the Grantors’ expense, promptly send written notice to the Second Lien Agent upon receipt of such Collateral, proceeds or payment by any Third Lien Secured Party, and, within five
(5) Business Days after receipt of such Collateral, proceeds or payment (or such later date as consented to in writing by the Second Lien Agent), shall deliver such Collateral, proceeds or payment to the Second Lien Agent, in the same form as
received, with any endorsements reasonably requested by the Second Lien Agent, or as a court of competent jurisdiction may otherwise direct. The Second Lien Agent is hereby authorized to make any such endorsements as agent for the Third Lien
Collateral Trustee or any other Third Lien Secured Party. The Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, agrees that if, at any time, it obtains written notice that all or part of any payment with
respect to any Second Lien Obligations previously made shall be rescinded for any reason whatsoever, it will promptly pay over to the Second Lien Agent any payment received by it and then in its possession or under its direct control in respect of
any such Collateral securing Second Lien Obligations and shall promptly turn any such Collateral then held by it over to the Second Lien Agent, in each case, for application in accordance with Section 6.01 to the extent
such application is required by Section 6.01, and the provisions set forth in this Agreement will be reinstated as if such payment had not been made, until the Discharge of Second Lien Obligations. All Third Liens will
remain attached to and enforceable against all proceeds so held or remitted, subject to the priorities set forth in this Agreement. Notwithstanding anything contained herein to the contrary, this Section 3.05(b) shall not
apply to any proceeds of Collateral realized in a transaction not prohibited by the Second Lien Documents and as to which the possession or receipt thereof by the Third Lien Collateral Trustee or any other Third Lien Secured Party is otherwise
permitted by the Second Lien Documents. 

  
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 Section 3.06 Purchase Option. 

(a) Notwithstanding anything in this Agreement to the contrary, on or at any time after (i) the commencement of an Insolvency or
Liquidation Proceeding, (ii) the acceleration of the Priority Lien Obligations or (iii) the exercise by the Priority Lien Agent of remedies with respect to any material portion of the Collateral (each of the foregoing, a “Trigger
Event”), each of the Second Lien Secured Parties and each of their respective designated Affiliates (the “Second Lien Purchasers”) will have the right, at its sole option and election (but will not be obligated), at any
time upon prior written notice (which shall include the names and notice information of each of the Second Lien Purchasers) to the Priority Lien Agent (the “Initial Purchase Option Notice”), but only so long as no Second Lien
Secured Party has objected to or is challenging the amount or validity of the Priority Lien Obligations or the Priority Liens securing the Priority Lien Obligations or the enforceability of the Priority Lien Documents, to purchase (in the manner set
forth in Section 3.06(b) below) from the Priority Lien Secured Parties both of the following in whole but not in part: (x) all (but not less than all) Priority Lien Obligations (including (A) unfunded commitments
to the extent not then terminated in accordance with their terms, (B) fees and (C) the amount of any premium, yield maintenance amount, call protection amount and make-whole amount, in each case with respect to this clause
(C) calculated as though NOG had voluntarily prepaid the Priority Lien Obligations in full on the date of purchase of the Priority Lien Obligations), other than any Priority Lien Obligations constituting Excess Priority Lien Obligations and, to
the extent that the conditions in clause (f) below are satisfied, other than any Third Party Hedging Obligations, and (y) all (but not less than all) of any loans provided by any of the Priority Lien Secured Parties in connection with a
DIP Financing that are outstanding on the date of such purchase (the foregoing clauses (x) and (y), the “Purchasable Obligations”). The Second Lien Purchasers may deliver the Initial Purchase Option Notice at any time within
the fifteen day period following the occurrence of any Trigger Event (provided that such period shall commence from the date notice of the applicable Trigger Event is given by the Priority Lien Agent in the case of a Trigger Event described in
clauses (ii) or (iii) of the definition thereof) (such period, the “Initial Option Period”). Promptly following the receipt of such Initial Purchase Option Notice, the Priority Lien Agent will deliver to the Second Lien
Purchasers named in such Initial Purchase Option Notice a statement (the “Initial Purchase Option Statement”) of the respective amounts of Priority Lien Debt and other Priority Lien Obligations (other than any Priority Lien
Obligations constituting Excess Priority Lien Obligations) and DIP Financing provided by any of the Priority Lien Secured Parties, if any, then outstanding and the amount of the cash collateral requested by the Priority Lien Agent to be delivered
pursuant to Section 3.06(b)(ii) below. The right to purchase provided for in this Section 3.06 will expire unless, within 10 Business Days after the receipt by the Second Lien Purchasers named in
the Initial Purchase Option Notice of such Initial Purchase Option Statement from the Priority Lien Agent, the Second Lien Purchasers deliver to the Priority Lien Agent an irrevocable commitment of the Second Lien Purchasers to purchase the
Purchasable Obligations in their entirety, and to otherwise complete such purchase on the terms set forth under this Section 3.06. To the extent that the Second Lien Secured Parties either (i) fail to deliver an
Initial Purchase Option Notice of the Second Lien Purchasers during the Initial Option Period for any Trigger Event or (ii) fail to deliver an irrevocable commitment of the Second Lien Purchasers to purchase the Purchasable Obligations in their
entirety in accordance with the immediately preceding sentence, the purchase option provided for in this Section 3.06 shall permanently expire and be of no further force and effect with respect to such Second Lien Secured
Party with respect to such Trigger Event. 
 (b) On the date specified by the Second Lien Purchasers in such irrevocable commitment (which
shall not be less than five Business Days, nor more than 20 Business Days, after the receipt by the Priority Lien Agent of such irrevocable commitment), the Priority Lien Secured Parties shall sell to the Second Lien Purchasers the entirety of the
Purchasable Obligations on the date of such sale (calculated as set forth above in clause (a)), subject to any required approval of any Governmental Authority then in effect, if any, and only if on the date of such sale, the Priority Lien
Agent receives the following: 

  
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 (i) payment in cash, as the purchase price for all Purchasable Obligations sold
in such sale, of an amount equal to the full value amount of the Purchasable Obligations (other than outstanding letters of credit as referred to in clause (ii) below) (including principal, interest, fees, premiums, call protection
amounts, yield maintenance amounts and make-whole amounts (calculated as though NOG had voluntarily prepaid the Priority Lien Obligations in full on the date of purchase of the Priority Lien Obligations), reasonable attorneys’ fees and legal
expenses, but excluding contingent indemnification obligations for which no claim or demand for payment has been made at or prior to such time); provided that, in the case of Hedging Obligations that constitute Priority Lien Obligations
(other than Third Party Hedging Obligations subject to clause (f) below), the Second Lien Purchasers shall cause the applicable agreements governing such Hedging Obligations to be assigned and novated or, if such agreements have been
terminated, such purchase price shall include an amount equal to the sum of any unpaid amounts then due in respect of such Hedging Obligations, calculated in accordance with the terms of the applicable Hedging Agreement and after giving effect to
any netting arrangements; 
 (ii) a cash collateral deposit in such amount as the Priority Lien Agent determines is
reasonably necessary to secure the payment of any outstanding letters of credit constituting Priority Lien Obligations that may become due and payable after such sale (but not in any event in an amount greater than one hundred five percent (105%) of
the amount then reasonably estimated by the Priority Lien Agent to be the aggregate outstanding amount of such letters of credit at such time), which cash collateral shall be (A) held by the issuer of such letters of credit as security solely
to reimburse the issuers of such letters of credit that become due and payable after such sale and any fees and expenses incurred in connection with such letters of credit and (B) returned to the Second Lien Purchasers (except as may otherwise
be required by applicable law or any order of any court or other Governmental Authority) promptly after the expiration or termination from time to time of all payment contingencies affecting such letters of credit; 

(iii) any agreements, documents or instruments which the Priority Lien Agent may reasonably request pursuant to which the
Second Lien Purchasers in such sale expressly release and waive any and all claims against the Priority Lien Agent and the other Priority Lien Secured Parties (other than for (x) breach of the representation referred to in
Section 3.06(d) or (y) fraud or other willful misconduct on the part of the Priority Lien Secured Parties in connection with this Agreement) arising out of this Agreement and the transactions contemplated hereby with
respect to the Purchasable Obligations as a result of exercising the purchase option provided for by this Section 3.06, and the Second Lien Purchasers assume and adopt all of the obligations of the Priority Lien Agent and
the Priority Lien Secured Parties under the Priority Lien Documents and all obligations in connection with loans provided by any of the Priority Lien Secured Parties in connection with a DIP Financing on and after the date of the purchase and sale,
and the Second Lien Agent (or any other representative appointed by the holders of a majority in aggregate principal amount of the Second Lien Debt then outstanding owned by such Second Lien Purchasers) becomes a successor agent thereunder; and 

(iv) any agreements, documents or instruments which the Priority Lien Agent may reasonably request pursuant to which the
Grantors expressly release and waive any and all claims against the Priority Lien Agent and the other Priority Lien Secured Parties (other than for fraud) arising out of this Agreement and the other Priority Lien Documents and the transactions
contemplated hereby and thereby. 
 (c) Such purchase of the Purchasable Obligations shall be made on a pro rata basis among the
Second Lien Purchasers (or on such other basis as such Second Lien Purchasers may determine) giving notice to the Priority Lien Agent of their interest to exercise the purchase option hereunder 

  
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according to each such Second Lien Purchaser’s portion of the Second Lien Debt outstanding on the date of purchase or such portion as such Second Lien Purchasers may otherwise agree among
themselves. Such purchase price and cash collateral shall be remitted by wire transfer in federal funds to such bank account of the Priority Lien Agent as the Priority Lien Agent may designate in writing to the Second Lien Purchasers for such
purpose. Interest shall be calculated to but excluding the Business Day on which such sale occurs if the amounts so paid by the Second Lien Purchasers to the bank account designated by the Priority Lien Agent are received in such bank account prior
to 12:00 noon, New York City time, and interest shall be calculated to and including such Business Day if the amounts so paid by the Second Lien Purchasers to the bank account designated by the Priority Lien Agent are received in such bank account
later than 12:00 noon, New York City time. 
 (d) Such sale shall be expressly made without representation or warranty of any kind by the
Priority Lien Secured Parties as to the Purchasable Obligations, the Collateral or otherwise and without recourse to any Priority Lien Secured Party, except that the applicable Priority Lien Secured Parties shall represent and warrant severally as
to the Purchasable Obligations: (i) that such applicable Priority Lien Secured Party owns such Purchasable Obligations; and (ii) that such applicable Priority Lien Secured Party has the necessary corporate or other governing authority to
assign such interests. 
 (e) After such sale becomes effective, the outstanding letters of credit will remain enforceable against the
issuers thereof and will remain secured by the Priority Liens upon the Collateral in accordance with the applicable provisions of the Priority Lien Documents as in effect at the time of such sale, and the issuers of letters of credit and the
counterparties to Third Party Hedging Obligations subject to clause (f) below will remain entitled to the benefit of the Priority Liens upon the Collateral and sharing rights in the proceeds thereof in accordance with the provisions of the
Priority Lien Documents (including the Priority Lien Swap Intercreditor Agreement) as in effect at the time of such sale, as fully as if the sale of the Priority Lien Debt had not been made, except with respect to cash Collateral held by the
issuer(s) of such letters of credit, but only the Person or successor agent to whom the Priority Liens are transferred in such sale will have the right to foreclose upon or otherwise enforce the Priority Liens and only the Second Lien Purchasers in
the sale will have the right to direct such Person or successor as to matters relating to the foreclosure or other enforcement of the Priority Liens. 

(f) Notwithstanding the foregoing, the Purchasable Obligations shall not include Third Party Hedging Obligations to the extent that
(i) the Priority Lien Agent is replaced as the administrative agent and the collateral agent under the Priority Lien Credit Agreement pursuant to the terms thereof by a designee of the Second Lien Purchasers, (ii) the Priority Lien Agent
is replaced as the collateral agent under the Priority Lien Swap Intercreditor Agreement pursuant to the terms thereof by a designee of the Second Lien Purchasers and (iii) the Second Lien Purchasers have executed an agreement or other
documentation necessary in order to authorize their designee to become party to the Priority Lien Swap Intercreditor Agreement on their behalf and binding them to the terms of such Priority Lien Swap Intercreditor Agreement. 

ARTICLE IV 
 OTHER
AGREEMENTS 
 Section 4.01 Release of Liens; Automatic Release of Second Liens and Third Liens. 

(a) Prior to the Discharge of Priority Lien Obligations, each of the Second Lien Agent, for itself and on behalf of each other Second Lien
Secured Party, and the Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, agrees that, in the event the Priority Lien Secured Parties release their Lien on any Collateral, each of the Second Lien and the
Third Lien on such Collateral shall terminate and be released automatically and without further action if (i) (A) in the case of 

  
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the Second Liens, such release is effected in connection with a sale, transfer or other Disposition of Collateral (other than to NOG or a Subsidiary) in a transaction or under a circumstance that
is not prohibited by the Second Lien Documents and (B) in the case of the Third Liens, such release is effected in connection with a sale, transfer or other Disposition of Collateral (other than to NOG or a Subsidiary) in a transaction or under
a circumstance that is not prohibited by the Third Lien Documents, (ii) such release is effected in connection with the Priority Lien Agent’s foreclosure upon, or other exercise of rights or remedies with respect to, such Collateral, or
(iii) such release is effected in connection with a sale or other Disposition of any Collateral (or any portion thereof) under Section 363 of the Bankruptcy Code or any other provision of the Bankruptcy Code if the Priority Lien Secured
Parties shall have consented to such sale or Disposition of such Collateral; provided that, in the case of each of clauses (i), (ii) and (iii), (I) the Second Liens on such Collateral shall attach to or remain
in place with respect to (and shall remain subject and subordinate to all Priority Liens securing Priority Lien Obligations, subject to the Priority Lien Cap, with respect to) any proceeds of a sale, transfer or other Disposition of Collateral not
paid to the holders of Priority Lien Obligations (other than Excess Priority Lien Obligations) or that remain after the Discharge of Priority Lien Obligations and (II) the Third Liens on such Collateral shall remain in place (and shall remain
subject and subordinate to all Priority Liens securing Priority Lien Obligations (including for the avoidance of doubt, the Excess Priority Lien Obligations) and all Second Liens securing Second Lien Obligations) with respect to any proceeds of a
sale, transfer or other Disposition of Collateral not paid to the holders of Priority Lien Obligations or Second Lien Obligations or that remain after the Discharge of Priority Lien Obligations or Discharge of Second Lien Obligations.
Notwithstanding the foregoing, if the holders of Second Lien Obligations have irrevocably committed to purchase the Purchasable Obligations in accordance with the provisions of Section 3.06, no release pursuant to the
preceding clauses (ii) and (iii) shall be permitted to the extent (and only to the extent) that the holders of Second Lien Obligations shall not have defaulted on their obligations to consummate the purchase of the Priority Lien
Debt. 
 (b) Following the Discharge of Priority Lien Obligations but prior to the Discharge of Second Lien Obligations, the Third Lien
Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, agrees that, in the event the Second Lien Secured Parties release their Lien on any Collateral, the Third Lien on such Collateral shall terminate and be released
automatically and without further action if (i) such release is in connection with a sale, transfer or other Disposition of Collateral (other than to NOG or a Subsidiary) in a transaction or under a circumstance that does not violate the
applicable provisions of the Third Lien Documents, (ii) such release is effected in connection with the Second Lien Agent’s foreclosure upon, or other exercise of rights or remedies with respect to, such Collateral, or (iii) such
release is effected in connection with a sale or other Disposition of any Collateral (or any portion thereof) under Section 363 of the Bankruptcy Code or any other provision of the Bankruptcy Code if the Second Lien Secured Parties shall have
consented to such sale or Disposition of such Collateral; provided that, in the case of each of clauses (i), (ii) and (iii), the Third Liens on such Collateral shall attach to or remain in place with respect to (and shall
remain subject and subordinate to all Second Liens securing Second Lien Obligations with respect to) any proceeds of a sale, transfer or other Disposition of Collateral not paid to the holders of Second Lien Obligations or that remain after the
Discharge of Second Lien Obligations. 
 (c) Each of the Second Lien Agent and the Third Lien Collateral Trustee agrees to execute and
deliver (at the sole cost and expense of the Grantors and without recourse to, or representation or warranty by, the Second Lien Agent or the Third Lien Collateral Trustee in their capacities as agent or trustee) all such releases and other
instruments as shall reasonably be requested by the Priority Lien Agent or the Second Lien Agent, as applicable, to evidence and confirm any release of Collateral provided for in this Section 4.01. 

  
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 Section 4.02 Certain Agreements with Respect to Insolvency or Liquidation
Proceedings. 
 (a) The parties hereto acknowledge that this Agreement is a “subordination agreement” under Section 510(a)
of the Bankruptcy Code and shall continue in full force and effect, notwithstanding the commencement of any Insolvency or Liquidation Proceeding by or against NOG or any other Grantor. All references in this Agreement to NOG, any other Grantor or
any subsidiary of any other Grantor will include such Person or Persons as a debtor-in-possession and any receiver or trustee for such Person or Persons in an Insolvency
or Liquidation Proceeding. For the purposes of this Section 4.02, unless otherwise provided herein, clauses (b) through and including (o) shall be in full force and effect prior to the Discharge of
Priority Lien Obligations and clauses (p) through and including (cc) shall be in full force and effect following the Discharge of Priority Lien Obligations but prior to the Discharge of Second Lien Obligations. 

(b) If NOG or any other Grantor or any of their respective subsidiaries shall become subject to any Insolvency or Liquidation Proceeding and
shall, as debtor(s)-in-possession, or if any receiver or trustee for such Person or Persons shall, move for approval of financing (“DIP Financing”) to
be provided by one or more lenders (the “DIP Lenders”) under Section 364 of the Bankruptcy Code and/or the use of cash collateral that constitutes Collateral under Section 363 of the Bankruptcy Code, (i) the Second
Lien Agent, for itself and on behalf of each Second Lien Secured Party, agrees that neither it nor any other Second Lien Secured Party and (ii) the Third Lien Collateral Trustee, for itself and on behalf of each Third Lien Secured Party, agrees
that neither it nor any other Third Lien Secured Party, will raise any objection, contest or oppose, and each Second Lien Secured Party and Third Lien Secured Party will waive any claim such Person may now or hereafter have, to any such financing or
to the Liens on the Collateral securing the same (“DIP Financing Liens”), or to any use, sale or lease of cash collateral that constitutes Collateral or to any grant of administrative expense priority under Section 364 of the
Bankruptcy Code, unless (A) the Priority Lien Agent or the Priority Lien Secured Parties oppose or object to such DIP Financing or such DIP Financing Liens or such use of cash collateral, (B) the maximum principal amount of Debt permitted
under such DIP Financing (not including any Priority Lien Obligations (other than Excess Priority Lien Obligations) refinanced with the proceeds of, or “rolled up” into, such DIP Financing) exceeds $75,000,000 (or any Excess Priority
Lien Obligations are, or are to be refinanced with, the proceeds of, or “rolled up” into, such DIP Financing) or (C) the terms of such DIP Financing require the confirmation of a plan of reorganization containing specific terms or
provisions (other than repayment in cash of such DIP Financing on the effective date thereof). To the extent such DIP Financing Liens are senior to, or rank pari passu with, the Priority Liens, (1) the Second Lien Agent will, for itself
and on behalf of the other Second Lien Secured Parties, subordinate the Second Liens on the Collateral to the Priority Liens, subject to the Priority Lien Cap, and to such DIP Financing Liens, so long as the Second Lien Agent, on behalf of the
Second Lien Secured Parties, retains Liens on all the Collateral, including proceeds thereof arising after the commencement of any Insolvency or Liquidation Proceeding, with the same priority relative to the Priority Liens and the Third Liens as
existed prior to the commencement of the case under the Bankruptcy Code and (2) the Third Lien Collateral Trustee will, for itself and on behalf of the other Third Lien Secured Parties, subordinate the Third Liens on the Collateral to the
Priority Liens, the Second Liens and to such DIP Financing Liens, so long as the Third Lien Collateral Trustee, on behalf of the Third Lien Secured Parties, retains Liens on all the Collateral, including proceeds thereof arising after the
commencement of any Insolvency or Liquidation Proceeding, with the same priority relative to the Priority Liens and the Second Liens as existed prior to the commencement of the case under the Bankruptcy Code. 

(c) Prior to the Discharge of Priority Lien Obligations, without the prior written consent of the Priority Lien Agent, in its sole discretion,
each of the Second Lien Agent, for itself and on behalf of each Second Lien Secured Party, and the Third Lien Collateral Trustee, for itself and on behalf of each Third Lien Secured Party, agrees not to propose or enter into any DIP Financing or
support any DIP 

  
 33 

 
Financing except as permitted by clause (b) above; provided that the Second Lien Agent, for itself and on behalf of each Second Lien Secured Party, may propose or provide DIP
Financing so long as (i) (A) such DIP Financing results in the Discharge of the Priority Lien Obligations concurrently with the incurrence of such DIP Financing or (B) either (1) the Priority Lien Agent shall have stated in writing that it
will not make a proposal for DIP Financing, (2) the Priority Lien Agent has stated in writing that it is ceasing its efforts to provide a DIP Financing for which it has previously made a proposal (on its own behalf or on behalf of another
Priority Lien Secured Party) or (3) NOG or any other Grantor has delivered a request for DIP Financing to the Priority Lien Agent (which request the Grantor agrees to share concurrently with the Second Lien Agent) and thirty (30) calendar
days shall have expired without delivery of a bona fide proposal in good faith for DIP Financing to NOG from the Priority Lien Agent (on its own behalf or on behalf of another Priority Lien Secured Party) (provided further, that, if prior to
consummation of a DIP Financing provided by any Second Lien Secured Party, the Priority Lien Agent subsequently delivers a bona fide good faith proposal for a DIP Financing, then the Second Lien Secured Parties shall no longer be permitted to
propose or provide a DIP Financing unless the conditions contained in the foregoing clauses (1) or (2) are subsequently satisfied), (ii) (A) such DIP Financing is secured by DIP Financing Liens that are subordinated (as set forth in
Section 2.01) to the Priority Liens that existed prior to the commencement of the Insolvency or Liquidation Proceeding and all Liens granted in the Insolvency or Liquidation Proceeding to, or for the benefit of, the Priority Lien Secured
Parties (unless such DIP Financing also causes the Discharge of Priority Lien Obligations to occur), (B) any replacement liens or superpriority claims granted to the Second Lien Secured Parties in connection with such DIP Financing as adequate
protection are subordinated (as set forth in Section 2.01) to the Priority Liens that existed prior to the commencement of the Insolvency or Liquidation Proceeding and all Liens or superpriority claims granted in the Insolvency or Liquidation
Proceeding to, or for the benefit of, the Priority Lien Secured Parties (unless such DIP Financing also causes the Discharge of Priority Lien Obligations to occur), and (C) such DIP Financing does not include a
“roll-up” of any Second Lien Obligations (unless such DIP Financing also causes the Discharge of Priority Lien Obligations to occur), (iii) the maximum principal amount of Debt permitted under
such DIP Financing does not exceed $75,000,000 plus amounts permitted to be rolled up under clause (ii)(C) above, (iv) the terms of such DIP Financing do not require the confirmation of a plan of reorganization containing specific
terms or provisions (other than repayment in cash of such DIP Financing on the effective date thereof), and (v) any such DIP Financing that does not result in the Discharge of Priority Lien Obligations shall be subject to the purchase option
set forth in Section 4.02(dd) below. 
 (d) Each of the Second Lien Agent, for itself and on behalf of each Second Lien Secured Party,
and the Third Lien Collateral Trustee, for itself and on behalf of each Third Lien Secured Party, agrees that it will not object to, oppose or contest (or join with or support any third party objecting to, opposing or contesting) a sale or other
Disposition, a motion to sell or Dispose or the bidding procedure for such sale or Disposition of any Collateral (or any portion thereof) under Section 363 of the Bankruptcy Code or any other provision of the Bankruptcy Code if (1) the
Priority Lien Agent or the requisite holders of Priority Lien Obligations shall have consented to such sale or Disposition, such motion to sell or Dispose or such bidding procedure for such sale or Disposition of such Collateral and (2) all
Second Liens and Third Liens on the Collateral securing the Second Lien Obligations and the Third Lien Obligations, as applicable, shall attach to the proceeds of such sale in the same respective priorities as set forth in this Agreement with
respect to the Collateral. It is understood and agreed that notwithstanding anything above, the Second Lien Secured Parties shall retain at all times their right to “credit bid” the Second Lien Obligations in accordance with
Section 3.01(c) in connection with any sale or Disposition of any Collateral (or any portion thereof) under Section 363 of the Bankruptcy Code or any other provision of the Bankruptcy Code. 

  
 34 

 (e) Each of the Second Lien Agent, for itself and on behalf of each other Second Lien Secured
Party, and the Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, waives any claim that may be had against the Priority Lien Agent or any other Priority Lien Secured Party arising out of any DIP Financing
Liens (that are granted in a manner that is consistent with this Agreement), request for adequate protection or administrative expense priority under Section 364 of the Bankruptcy Code. 

(f) The Second Lien Agent, for itself and on behalf of each other Second Lien Secured Party, agrees that neither the Second Lien Agent nor any
other Second Lien Secured Party and the Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, agrees that neither the Third Lien Collateral Trustee nor any other Third Lien Secured Party will file or
prosecute in any Insolvency or Liquidation Proceeding any motion for adequate protection (or any comparable request for relief) based upon their interest in the Collateral, nor object to, oppose or contest (or join with or support any third party
objecting to, opposing or contesting) (i) any request by the Priority Lien Agent or any other Priority Lien Secured Party for adequate protection or (ii) any objection by the Priority Lien Agent or any other Priority Lien Secured Party to
any motion, relief, action or proceeding based on the Priority Lien Agent or Priority Lien Secured Parties claiming a lack of adequate protection, except that 

(iii) the Second Lien Secured Parties may: 

(A) freely seek and obtain relief granting adequate protection in the form of a replacement lien
co-extensive in all respects with, but subordinated (as set forth in Section 2.01) to, and with the same relative priority to the Priority Liens and the Third Liens as existed prior
to the commencement of the Insolvency or Liquidation Proceeding, all Liens granted in the Insolvency or Liquidation Proceeding to, or for the benefit of, the Priority Lien Secured Parties; 

(B) freely seek and obtain relief granting a superpriority administrative claim with priority over any and all claims in an
Insolvency or Liquidation Proceeding (except for any such superpriority administrative claims granted to or for the benefit of the Priority Lien Secured Parties, it being understood that any superpriority administrative claims granted to or for the
benefit of the Priority Lien Secured Parties shall have priority over any such claims granted to or for the benefit of the Second Lien Secured Parties and the Third Lien Secured Parties) co-extensive in all
respects with any such claims granted in the Insolvency or Liquidation Proceeding to or for the benefit of the Priority Lien Secured Parties and relating to the Collateral, provided, that any payments or proceeds in respect of such superpriority
administrative claim shall be considered proceeds of Collateral for purposes of Section 3.05(b) and Section 6.01; and 

(C) freely seek and obtain any relief upon a motion for adequate protection (or any comparable relief), without any condition
or restriction whatsoever, at any time after the Discharge of Priority Lien Obligations; and 
 (iv) the Third Lien Secured
Parties may: 
 (A) freely seek and obtain relief granting adequate protection in the form of a replacement lien co-extensive in all respects with, but subordinated (as set forth in Section 2.01) to, and with the same relative priority to the Priority Liens and the Second Liens as existed prior to the
commencement of the Insolvency or Liquidation Proceeding, all Liens granted in the Insolvency or Liquidation Proceeding to, or for the benefit of, the Priority Lien Secured Parties and the Second Lien Secured Parties; and 

  
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 (B) freely seek and obtain any relief upon a motion for adequate protection (or
any comparable relief), without any condition or restriction whatsoever, at any time after the Discharge of Priority Lien Obligations and the Discharge of Second Lien Obligations. 

(g) Each of the Second Lien Agent, for itself and on behalf of each of the other of the Second Lien Secured Parties, and the Third Lien
Collateral Trustee, for itself and on behalf of each of the other Third Lien Secured Parties, waives any claim it or any such other Second Lien Secured Party or Third Lien Secured Party, as applicable, may now or hereafter have against the Priority
Lien Agent or any other Priority Lien Secured Party (or their representatives) arising out of any election by the Priority Lien Agent or any Priority Lien Secured Parties, in any proceeding instituted under the Bankruptcy Code, of the application of
Section 1111(b) of the Bankruptcy Code. 
 (h) The Second Lien Agent, for itself and on behalf of each other Second Lien Secured Party,
agrees that in any Insolvency or Liquidation Proceeding, neither the Second Lien Agent nor any other Second Lien Secured Party, and the Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, agrees that in
any Insolvency or Liquidation Proceeding, neither the Third Lien Collateral Trustee nor any other Third Lien Secured Party, shall, prior to the Discharge of Priority Lien Obligations, support or vote to accept any plan of reorganization or
disclosure statement of NOG or any other Grantor unless such plan is accepted by the Class of Priority Lien Secured Parties in accordance with Section 1126(c) of the Bankruptcy Code or otherwise provides for the payment in full in cash of
all Priority Lien Obligations (including all post-petition interest approved by the bankruptcy court, fees and expenses and cash collateralization of all letters of credit) on the effective date of such plan of reorganization. Except as provided
herein, each of the Second Lien Secured Parties and the Third Lien Secured Parties shall remain entitled to vote their claims in any such Insolvency or Liquidation Proceeding. 

(i) So long as the Discharge of the Priority Lien Obligations has not occurred, the Second Lien Agent, for itself and on behalf of each other
Second Lien Secured Party, agrees that neither the Second Lien Agent nor any other Second Lien Secured Party shall, and the Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, agrees that neither the Third
Lien Collateral Trustee nor any other Third Lien Secured Party shall, seek relief, pursuant to Section 362(d) of the Bankruptcy Code or otherwise, from the automatic stay of Section 362(a) of the Bankruptcy Code or from any other stay or
other prohibition in any Insolvency or Liquidation Proceeding in respect of the Collateral without the prior written consent of the Priority Lien Agent. 

(j) The Second Lien Agent, for itself and on behalf of each other Second Lien Secured Party, agrees that neither the Second Lien Agent nor any
other Second Lien Secured Party shall, and the Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, agrees that neither the Third Lien Collateral Trustee nor any other Third Lien Secured Party shall, oppose
or seek to challenge any claim by the Priority Lien Agent or any other Priority Lien Secured Party for allowance or payment in any Insolvency or Liquidation Proceeding of Priority Lien Obligations consisting of post-petition interest, fees or
expenses or cash collateralization of all letters of credit to the extent of the value of the Priority Liens (it being understood that such value will be determined without regard to the existence of the Second Liens or the Third Liens on the
Collateral). Neither the Priority Lien Agent nor any other Priority Lien Secured Party shall oppose or seek to challenge any claim by the Second Lien Agent, any other Second Lien Secured Party, the Third Lien Collateral Trustee or any other Third
Lien Secured Party for allowance or payment in any Insolvency or Liquidation Proceeding of Second Lien Obligations or Third Lien Obligations, as applicable, consisting of post-petition interest, fees or expenses to the extent of the value of the
Second Liens or the Third Liens, as applicable, on the Collateral; provided that if the Priority Lien Agent or any other Priority Lien Secured Party shall have made any 

  
 36 

 
claim for post-petition interest, fees or expenses in respect of Priority Lien Obligations, such claim (i) shall have been approved or (ii) will be approved contemporaneously with the
approval of any such claim by the Second Lien Agent or any Second Lien Secured Party or the Third Lien Collateral Trustee or any Third Lien Secured Party, as applicable. 

(k) So long as the Discharge of Priority Lien Obligations has not occurred, without the express written consent of the Priority Lien Agent,
none of the Second Lien Agent, any other Second Lien Secured Party, the Third Lien Collateral Trustee or any other Third Lien Secured Party shall (or shall join with or support any third party in opposing, objecting to or contesting, as the case may
be), in any Insolvency or Liquidation Proceeding involving any Grantor, (i) oppose, object to or contest the determination of the extent of any Liens held by any Priority Lien Secured Party or the value of any claims of any such holder under
Section 506(a) of the Bankruptcy Code or (ii) oppose, object to or contest the payment to the Priority Lien Secured Party of interest, fees or expenses under Section 506(b) of the Bankruptcy Code, other than, in the case of the Second
Lien Agent or any other Second Lien Secured Party, in respect of any Excess Priority Lien Obligations and subject to the Priority Lien Cap. 

(l) Notwithstanding anything to the contrary contained herein, if in any Insolvency or Liquidation Proceeding a determination by a court of
competent jurisdiction is made that any Lien encumbering any Collateral is not enforceable for any reason, then each of the Second Lien Agent for itself and on behalf of each other Second Lien Secured Party, and the Third Lien Collateral Trustee,
for itself and on behalf of each other Third Lien Secured Party, agrees that, any distribution or recovery they may receive with respect to, or allocable to, the value of the assets constituting Collateral subject to an enforceable Lien in favor of
the Second Lien Secured Parties or Third Lien Secured Parties or any proceeds thereof, shall (for so long as the Discharge of the Priority Lien Obligations has not occurred) be segregated and held in trust and forthwith paid over to the Priority
Lien Agent for the benefit of the Priority Lien Secured Parties, to be applied in accordance with Article VI, in the same form as received without recourse, representation or warranty (other than a representation of the
Second Lien Agent or the Third Lien Collateral Trustee, as applicable, that such Person (and, for the avoidance of doubt, only with respect to itself and none of the Persons for which it acts as Secured Debt Representative) has not otherwise sold,
assigned, transferred or pledged any right, title or interest in and to such distribution or recovery) but with any necessary endorsements or as a court of competent jurisdiction may otherwise direct. Until Discharge of Priority Lien Obligations has
occurred, each of the Second Lien Agent, for itself and on behalf of each other Second Lien Secured Party, and the Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, hereby appoints the Priority Lien
Agent, and any officer or agent of the Priority Lien Agent, with full power of substitution, the attorney-in-fact of each Second Lien Secured Party and Third Lien
Secured Party for the limited purpose of carrying out the provisions of this Section 4.02(l) and taking any action and executing any instrument that the Priority Lien Agent may deem necessary or advisable to accomplish the
purposes of this Section 4.02(l), which appointment is irrevocable and coupled with an interest. 
 (m) Each of the
Second Lien Agent, for itself and on behalf of each other Second Lien Secured Party, and the Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, hereby agrees that the Priority Lien Agent shall have the
exclusive right to credit bid the Priority Lien Obligations and further that none of the Second Lien Agent, any other Second Lien Secured Party, the Third Lien Collateral Trustee or any other Third Lien Secured Party shall (or shall join with or
support any third party in opposing, objecting to or contesting, as the case may be) oppose, object to or contest such credit bid by the Priority Lien Agent (except, solely with respect to the Second Lien Agent or any other Second Lien Secured
Party, to the extent such credit bid includes amounts constituting Excess Priority Lien Obligations). It is understood and agreed that foregoing shall not limit the right of the Second Lien Secured Parties to credit bid the Second Lien Obligations
in accordance with Section 3.01(c). 

  
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 (n) Without the prior written consent of the Priority Lien Agent to be granted or withheld in its
sole discretion, each of the Second Lien Agent, for itself and on behalf of each other Second Lien Secured Party, and the Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, agrees it will not file or join
an involuntary bankruptcy petition or claim against NOG or any other Grantor or seek the appointment of an examiner or a trustee for NOG or any other Grantor. 

(o) Each of the Second Lien Agent, for itself and on behalf of each other Second Lien Secured Party, and the Third Lien Collateral Trustee, for
itself and on behalf of each other Third Lien Secured Party, waives any right to assert or enforce any claim under Section 506(c) or 552 of the Bankruptcy Code as against any Priority Lien Secured Party or any of the Collateral except as
expressly permitted by this Agreement. 
 (p) If NOG or any other Grantor shall become subject to any Insolvency or Liquidation Proceeding
and shall, as debtor(s)-in-possession, or if any receiver or trustee for such Person or Persons shall, move for approval of DIP Financing to be provided by one or
more DIP Lenders under Section 364 of the Bankruptcy Code or the use of cash collateral under Section 363 of the Bankruptcy Code, the Third Lien Collateral Trustee, for itself and on behalf of each Third Lien Secured Party, agrees that
neither it nor any other Third Lien Secured Party will raise any objection, contest or oppose, and each Third Lien Secured Party will waive any claim such Person may now or hereafter have, to any such financing or to the DIP Financing Liens on the
Collateral securing the same, or to any use, sale or lease of cash collateral that constitutes Collateral or to any grant of administrative expense priority under Section 364 of the Bankruptcy Code, unless (A) the Second Lien Agent or the
Second Lien Secured Parties oppose or object to such DIP Financing or such DIP Financing Liens or such use of cash collateral, or (B) maximum principal amount of Debt permitted under such DIP Financing (not including any Priority Lien
Obligations or Second Lien Obligations refinanced with the proceeds of, or “rolled up” into, such DIP Financing) exceeds $75,000,000. To the extent such DIP Financing Liens are senior to, or rank pari passu with, the Second Liens,
the Third Lien Collateral Trustee will, for itself and on behalf of the other Third Lien Secured Parties, subordinate the Third Liens on the Collateral to the Second Liens and to such DIP Financing Liens, so long as the Third Lien Collateral
Trustee, on behalf of the Third Lien Secured Parties, retains Liens on all the Collateral, including proceeds thereof arising after the commencement of any Insolvency or Liquidation Proceeding, with the same priority relative to the Priority Liens
and the Second Liens as existed prior to the commencement of the case under the Bankruptcy Code. 
 (q) Without the prior written consent of
the Second Lien Agent in its sole discretion, the Third Lien Collateral Trustee, for itself and on behalf of each Third Lien Secured Party, agrees not to propose, support or enter into any DIP Financing except as permitted by clause
(p) above. 
 (r) The Third Lien Collateral Trustee, for itself and on behalf of each Third Lien Secured Party, agrees that it will
not object to, oppose or contest (or join with or support any third party objecting to, opposing or contesting) a sale or other Disposition, a motion to sell or Dispose or the bidding procedure for such sale or Disposition of any Collateral (or any
portion thereof) under Section 363 of the Bankruptcy Code or any other provision of the Bankruptcy Code if (1) the Second Lien Agent or the requisite holders of Second Lien Obligations shall have consented to such sale or Disposition, such
motion to sell or Dispose or such bidding procedure for such sale or Disposition of such Collateral and (2) the Third Liens will attach to the proceeds of such sale subject to the priorities set forth in this Agreement. 

(s) The Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, waives any claim that may be had
against the Second Lien Agent or any other Second Lien Secured Party arising out of any DIP Financing Liens (that is granted in a manner that is consistent with this Agreement), request for adequate protection or administrative expense priority
under Section 364 of the Bankruptcy Code. 

  
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 (t) The Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured
Party, agrees that neither the Third Lien Collateral Trustee nor any other Third Lien Secured Party will file or prosecute in any Insolvency or Liquidation Proceeding any motion for adequate protection (or any comparable request for relief) based
upon their interest in the Collateral, nor object to, oppose or contest (or join with or support any third party objecting to, opposing or contesting) (i) any request by the Second Lien Agent or any other Second Lien Secured Party for adequate
protection or (ii) any objection by the Second Lien Agent or any other Second Lien Secured Party to any motion, relief, action or proceeding based on the Second Lien Agent or Second Lien Secured Parties claiming a lack of adequate protection,
except that the Third Lien Secured Parties may: 
 (A) freely seek and obtain relief granting adequate protection in the form
of a replacement lien co-extensive in all respects with, but subordinated (as set forth in Section 2.01) to, and with the same relative priority to the Second Liens as existed prior
to the commencement of the Insolvency or Liquidation Proceeding, all Liens granted in the Insolvency or Liquidation Proceeding to, or for the benefit of, the Second Lien Secured Parties; and 

(B) freely seek and obtain any relief upon a motion for adequate protection (or any comparable relief), without any condition
or restriction whatsoever, at any time after the Discharge of Second Lien Obligations. 
 (u) The Third Lien Collateral Trustee, for itself
and on behalf of each of the other of the Third Lien Secured Parties, waives any claim the Third Lien Collateral Trustee or any such other Third Lien Secured Party may now or hereafter have against the Second Lien Agent or any other Second Lien
Secured Party (or their representatives) arising out of any election by the Second Lien Agent or any Second Lien Secured Parties, in any proceeding instituted under the Bankruptcy Code, of the application of Section 1111(b) of the Bankruptcy
Code. 
 (v) The Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, agrees that in any
Insolvency or Liquidation Proceeding, without the prior written consent of the Second Lien Agent, neither the Third Lien Collateral Trustee nor any other Third Lien Secured Party shall, prior to the Discharge of Second Lien Obligations, support or
vote for any plan of reorganization or disclosure statement of NOG or any other Grantor unless such plan is accepted by the Class of Second Lien Secured Parties in accordance with Section 1126(c) of the Bankruptcy Code or otherwise
provides for the payment in full in cash of all Second Lien Obligations (including all post-petition interest, fees and expenses) on the effective date of such plan of reorganization. Except as provided herein, the Third Lien Secured Parties shall
remain entitled to vote their claims in any such Insolvency or Liquidation Proceeding. 
 (w) The Third Lien Collateral Trustee, for itself
and on behalf of each other Third Lien Secured Party, hereby agrees that until the Discharge of Second Lien Obligations has occurred, neither the Third Lien Collateral Trustee nor any Third Lien Secured Party shall seek relief, pursuant to
Section 362(d) of the Bankruptcy Code or otherwise, from the automatic stay of Section 362(a) of the Bankruptcy Code or from any other stay or other prohibition in any Insolvency or Liquidation Proceeding in respect of the Collateral,
without the prior written consent of the Second Lien Agent. 
 (x) The Third Lien Collateral Trustee, for itself and on behalf of each other
Third Lien Secured Party, agrees that neither the Third Lien Collateral Trustee nor any other Third Lien Secured Party shall oppose or seek to challenge any claim by the Second Lien Agent or any other Second Lien Secured Party for allowance or
payment in any Insolvency or Liquidation Proceeding of Second Lien Obligations consisting of post-petition interest, fees or expenses to the extent of the value of the Second 

  
 39 

 
Liens (it being understood that such value will be determined without regard to the existence of the Third Liens on the Collateral). Neither the Second Lien Agent nor any other Second Lien
Secured Party shall oppose or seek to challenge any claim by the Third Lien Collateral Trustee or any other Third Lien Secured Party for allowance or payment in any Insolvency or Liquidation Proceeding of Third Lien Obligations consisting of
post-petition interest, fees or expenses to the extent of the value of the Third Liens on the Collateral; provided that if the Second Lien Agent or any other Second Lien Secured Party shall have made any claim for post-petition interest, fees
or expenses in respect of Second Lien Obligations, such claim (i) shall have been approved or (ii) will be approved contemporaneously with the approval of any such claim by the Third Lien Collateral Trustee or any Third Lien Secured Party.

 (y) Without the express written consent of the Second Lien Agent, neither the Third Lien Collateral Trustee nor any other Third Lien
Secured Party shall (or shall join with or support any third party in opposing, objecting to or contesting, as the case may be), in any Insolvency or Liquidation Proceeding involving any Grantor, (i) oppose, object to or contest the
determination of the extent of any Liens held by any of Second Lien Secured Party or the value of any claims of any such holder under Section 506(a) of the Bankruptcy Code or (ii) oppose, object to or contest the payment to the Second Lien
Secured Party of interest, fees or expenses under Section 506(b) of the Bankruptcy Code. 
 (z) Following the Discharge of Priority Lien
Obligations but prior to the Discharge of Second Lien Obligations, notwithstanding anything to the contrary contained herein, if in any Insolvency or Liquidation Proceeding a determination is made by a court of competent jurisdiction that any Second
Lien encumbering any Collateral is not enforceable for any reason, then the Third Lien Collateral Trustee for itself and on behalf of each other Third Lien Secured Party, agrees that any distribution or recovery they may receive in respect of such
Collateral shall be segregated and held in trust and forthwith paid over to the Second Lien Agent for the benefit of the Second Lien Secured Parties, to be applied in accordance with Article VI, in the same form as received
without recourse, representation or warranty (other than a representation of the Third Lien Collateral Trustee that it has not otherwise sold, assigned, transferred or pledged any right, title or interest in and to such distribution or recovery) but
with any necessary endorsements or as a court of competent jurisdiction may otherwise direct. The Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, hereby appoints the Second Lien Agent, and any officer
or agent of the Second Lien Agent, with full power of substitution, the attorney-in-fact of each Third Lien Secured Party for the limited purpose of carrying out the
provisions of this Section 4.02(z) and taking any action and executing any instrument that the Second Lien Agent may deem necessary or advisable to accomplish the purposes of this Section 4.02(z),
in each case following the Discharge of Priority Lien Obligations but prior to the occurrence of the Discharge of Second Lien Obligations, which appointment is irrevocable and coupled with an interest. 

(aa) The Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, hereby agrees that the Second Lien
Agent shall have the exclusive right (but not the obligation) after the Discharge of Priority Lien Obligations to credit bid the Second Lien Obligations and further that neither the Third Lien Collateral Trustee nor any other Third Lien Secured
Party shall (or shall join with or support any third party in opposing, objecting to or contesting, as the case may be) oppose, object to or contest such credit bid by the Second Lien Agent. 

(bb) Without the prior written consent of the Second Lien Agent to be granted or withheld in its sole discretion, the Third Lien Collateral
Trustee, for itself and on behalf of each other Third Lien Secured Party, agrees it will not file or join an involuntary bankruptcy petition or claim against NOG or any other Grantor or seek the appointment of an examiner or a trustee for NOG or any
other Grantor. 

  
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 (cc) The Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured
Party, waives any right to assert or enforce any claim under Section 506(c) or 552 of the Bankruptcy Code as against any Second Lien Secured Party or any of the Collateral, except as expressly permitted by this Agreement. 

(dd) (i) Notwithstanding anything in this Agreement to the contrary, if prior to the Discharge of Priority Lien Obligations, any Second
Lien Secured Party provides any DIP Financing to any Grantor that does not result in the Discharge of Priority Lien Obligations (such Second Lien Secured Parties, the “Second Lien DIP Lenders”), each of the Priority Lien Secured
Parties and each of their respective designated Affiliates (the “Priority Lien Purchasers”) will have the right, at its sole option and election (but will not be obligated), at any time upon prior written notice to the Second Lien
DIP Lenders (the “Initial DIP Purchase Option Notice”), to purchase (in the manner set forth in clause (ii) below) from the Second Lien DIP Lenders all (but not less than all) obligations under such DIP Financing (the
“Purchasable DIP Obligations”). The Priority Lien Purchasers may deliver the Initial DIP Purchase Option Notice at any time prior to the Discharge of Priority Lien Obligations. Promptly following the receipt of such notice, the
Second Lien DIP Lenders will deliver to the Priority Lien Agent a statement (the “Initial DIP Purchase Option Statement”) of the Purchasable DIP Obligations provided by the Second Lien DIP Lenders then outstanding. The right to
purchase provided for in this Section 4.02(dd) will expire unless, within 10 Business Days after the receipt by the Priority Lien Purchasers of such Initial DIP Purchase Option Statement from the Second Lien DIP Lenders,
the Priority Lien Purchasers deliver to the Second Lien DIP Lenders an irrevocable commitment of the Priority Lien Purchasers to purchase the Purchasable DIP Obligations in their entirety, and to otherwise complete such purchase on the terms set
forth under this Section 4.02(dd). 
 (ii) On the date specified by the Priority Lien Purchasers in
such irrevocable commitment (which shall not be less than five Business Days, nor more than 20 Business Days, after the receipt by the Priority Lien Agent of such irrevocable commitment), the Second Lien DIP Lenders shall sell to the Priority Lien
Purchasers the entirety of the Purchasable DIP Obligations on the date of such sale, subject to any required approval of any Governmental Authority then in effect, if any, and only if on the date of such sale, the Second Lien DIP Lenders receive the
following: 
 (A) payment in cash, as the purchase price for all Purchasable DIP Obligations sold in such sale, of an amount
equal to the at-cost value of the Purchasable DIP Obligations (including principal and interest, but excluding any discount on principal or upfront fees or similar fees paid by the borrower under such DIP
Financing in respect of such DIP Financing) and reasonable and documented attorneys’ fees and legal expenses, but excluding contingent indemnification obligations for which no claim or demand for payment has been made at or prior to such time;

 (B) any agreements, documents or instruments which the Second Lien DIP Lenders may reasonably request pursuant to which
the Priority Lien Purchasers in such sale expressly release and waive any and all claims against the Second Lien DIP Lenders (other than for (x) breach of the representation referred to in clause (iv) below or (y) fraud or
other willful misconduct on the part of the Second Lien DIP Lenders in connection with this Agreement) arising out of this Agreement and the transactions contemplated hereby with respect to the Purchasable DIP Obligations as a result of exercising
the purchase option provided for by this Section 4.02(dd), and the Priority Lien Purchasers assume and adopt all of the obligations of the Second Lien DIP Lenders under such DIP Financing and the designee of the Priority
Lien Purchasers becomes a successor agent thereunder; and 

  
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 (C) any agreements, documents or instruments which the Second Lien DIP Lenders
may reasonably request pursuant to which the Grantors expressly release and waive any and all claims against the Second Lien DIP Lenders (other than for fraud) arising out of this Agreement and the other documents governing such DIP Financing and
the transactions contemplated hereby and thereby. 
 (iii) Such purchase of the Purchasable DIP Obligations shall be made on
a pro rata basis among the Priority Lien Purchasers (or on such other basis as such Priority Lien Purchasers may determine) giving notice to the Second Lien DIP Lenders of their interest to exercise the purchase option hereunder according to
each such Priority Lien Purchaser’s portion of the Priority Lien Debt outstanding on the date of purchase or such portion as such Priority Lien Purchasers may otherwise agree among themselves. Such purchase price and cash collateral shall be
remitted by wire transfer in federal funds to such bank account of a representative of the Second Lien DIP Lenders as the Second Lien DIP Lenders may designate in writing to the Priority Lien Purchasers for such purpose. Interest shall be calculated
to but excluding the Business Day on which such sale occurs if the amounts so paid by the Priority Lien Purchasers to the bank account designated by the Second Lien DIP Lenders are received in such bank account prior to 12:00 noon, New York City
time, and interest shall be calculated to and including such Business Day if the amounts so paid by the Second Lien Purchasers to the bank account designated by the Second Lien DIP Lenders are received in such bank account later than 12:00 noon, New
York City time. 
 (iv) Such sale shall be expressly made without representation or warranty of any kind by the Second Lien
DIP Lenders as to the Purchasable DIP Obligations, the Collateral or otherwise and without recourse to any Second Lien DIP Lenders, except that the applicable Priority Lien Secured Parties shall represent and warrant severally as to the Purchasable
DIP Obligations: (A) that such applicable Second Lien DIP Lender owns such Purchasable DIP Obligations; and (B) that such applicable Second Lien DIP Lender has the necessary corporate or other governing authority to assign such interests.

 Section 4.03 Reinstatement. 

(a) If any Priority Lien Secured Party is required in any Insolvency or Liquidation Proceeding or otherwise to turn over or otherwise pay to
the estate of any Grantor any amount (a “Recovery”) for any reason whatsoever, then the Priority Lien Obligations shall be reinstated to the extent of such Recovery and the Priority Lien Secured Parties shall be entitled to a
reinstatement of Priority Lien Obligations with respect to all such recovered amounts. Each of the Second Lien Agent, for itself and on behalf of each other Second Lien Secured Party, and the Third Lien Collateral Trustee, for itself and on behalf
of each other Third Lien Secured Party, agrees that if, at any time, a Second Lien Secured Party or a Third Lien Secured Party, as applicable, receives notice of any Recovery, the Second Lien Agent, any other Second Lien Secured Party, the Third
Lien Collateral Trustee or any other Third Lien Secured Party, as applicable, shall promptly pay over to the Priority Lien Agent any payment received by it and then in its possession or under its control in respect of any Collateral subject to any
Priority Lien securing such Priority Lien Obligations and shall promptly turn any Collateral subject to any such Priority Lien then held by it over to the Priority Lien Agent, and the provisions set forth in this Agreement shall be reinstated as if
such payment had not been made. If this Agreement shall have been terminated prior to any such Recovery, this Agreement shall be reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair or
otherwise affect the obligations of the parties hereto from such date of reinstatement. Any amounts received by the Second Lien Agent, any other Second Lien Secured Party, the Third Lien Collateral Trustee or any other Third Lien Secured Party and
then in its possession or under its control on account of the Second Lien Obligations or Third Lien Obligations, as 

  
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applicable, after the termination of this Agreement shall, in the event of a reinstatement of this Agreement pursuant to this
 Section 4.03(a), be held in trust for and
paid over to the Priority Lien Agent for the benefit of the Priority Lien Secured Parties for application to the reinstated Priority Lien Obligations until the discharge thereof. 

(b) If any Second Lien Secured Party is required in any Insolvency or Liquidation Proceeding or otherwise to turn over or otherwise pay to the
estate of any Grantor any amount (a “Second Lien Recovery”) for any reason whatsoever, then the Second Lien Obligations shall be reinstated to the extent of such Second Lien Recovery and the Second Lien Secured Parties shall be
entitled to a reinstatement of Second Lien Obligations with respect to all such recovered amounts. The Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, agrees that if, at any time, a Third Lien Secured
Party receives notice of any Second Lien Recovery, the Third Lien Collateral Trustee or any other Third Lien Secured Party, as applicable, shall promptly pay over to the Second Lien Agent any payment received by it and then in its possession or
under its control in respect of any Collateral subject to any Second Lien securing such Second Lien Obligations and shall promptly turn any Collateral subject to any such Second Lien then held by it over to the Second Lien Agent, and the provisions
set forth in this Agreement shall be reinstated as if such payment had not been made. If this Agreement shall have been terminated prior to any such Second Lien Recovery, this Agreement shall be reinstated in full force and effect, and such prior
termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto from such date of reinstatement. Any amounts received by the Third Lien Collateral Trustee or any other Third Lien Secured Party and
then in its possession or under its control on account of the Third Lien Obligations after the termination of this Agreement shall, in the event of a reinstatement of this Agreement pursuant to this Section 4.03(b), be held
in trust for and paid over to the Second Lien Agent for the benefit of the Second Lien Secured Parties for application to the reinstated Second Lien Obligations until the discharge thereof. 

(c) This Section 4.03 shall survive termination of this Agreement. 

Section 4.04 Refinancings; Initial Third Lien Debt; Additional Third Lien Debt. 

(a) The Priority Lien Obligations, the Second Lien Obligations and the Third Lien Obligations may be Replaced, by any Priority Lien Substitute
Facility, Second Lien Substitute Facility or Third Lien Substitute Facility, as the case may be, in each case, without notice to, or the consent of any Secured Party, all without affecting the Lien priorities provided for herein or the other
provisions hereof; provided, that (i) the Priority Lien Agent, the Second Lien Agent and the Third Lien Collateral Trustee shall receive on or prior to incurrence of a Priority Lien Substitute Facility, Second Lien Substitute Facility or
Third Lien Substitute Facility (A) an Officer’s Certificate from NOG stating that (I) the incurrence thereof is permitted by each applicable Secured Debt Document, to be incurred and (II) the requirements of
Section 4.05 have been satisfied, and (B) a Priority Confirmation Joinder from the holders or lenders of any Debt that Replaces the Priority Lien Obligations, the Second Lien Obligations or the Third Lien Obligations
(or an authorized agent, trustee or other representative on their behalf), (ii) the aggregate outstanding principal amount of the Priority Lien Obligations, after giving effect to such Priority Lien Substitute Facility, shall not exceed the
Priority Lien Cap and (iii) on or before the date of such incurrence, such Priority Lien Substitute Facility, Second Lien Substitute Facility or Third Lien Substitute Facility is designated by NOG, in an Officer’s Certificate delivered to
the Priority Lien Agent, the Second Lien Agent and the Third Lien Collateral Trustee, as “Priority Lien Debt”, “Second Lien Debt” or “Third Lien Debt”, as applicable, for the purposes of the Secured Debt Documents and
this Agreement; provided that no Series of Secured Debt may be designated as more than one of Priority Lien Debt, Second Lien Debt or Third Lien Debt. 

  
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 (b) NOG will be permitted to designate as an additional holder of Third Lien Obligations
hereunder each Person who is, or who becomes, the registered holder of Third Lien Debt incurred by NOG after the date of this Agreement in accordance with the terms of all applicable Secured Debt Documents. NOG may effect such designation by
delivering to the Priority Lien Agent, the Second Lien Agent and the Third Lien Collateral Trustee, each of the following: 

(i) an Officer’s Certificate stating that NOG intends to incur (A) Initial Third Lien Obligations which will be Third
Lien Debt or (B) Additional Third Lien Obligations which will be Third Lien Debt, which in each case is permitted by each applicable Secured Debt Document to be incurred and secured by a Third Lien equally and ratably with all previously
existing and future Third Lien Debt; 
 (ii) an authorized agent, trustee or other representative on behalf of the holders or
lenders of Initial Third Lien Obligations or Additional Third Lien Obligations, as applicable, must be designated as an additional holder of Secured Obligations hereunder and must, prior to such designation, sign and deliver on behalf of the holders
or lenders of such Initial Third Lien Obligations or Additional Third Lien Obligations, as applicable, a Priority Confirmation Joinder, and in the case of any Additional Third Lien Obligation, a joinder to the Third Lien Collateral Trust Agreement;
and 
 (iii) evidence that NOG has duly authorized, executed (if applicable) and recorded (or caused to be recorded) in each
appropriate governmental office all relevant filings and recordations deemed necessary by NOG and the holder of such Initial Third Lien Obligations or Additional Third Lien Obligations, as applicable, or its Secured Debt Representative, to ensure
that the Initial Third Lien Obligations or Additional Third Lien Obligations are secured by the Collateral in accordance with the Third Lien Security Documents (provided that such filings and recordings may be authorized, executed and
recorded following any incurrence on a post-closing basis if permitted by the Third Lien Representative for such Initial Third Lien Obligations or Additional Third Lien Obligations, as applicable). 

(c) NOG will be permitted to enter into an Initial Third Lien Debt Facility to the extent such Initial Third Lien Debt Facility is permitted by
the Priority Lien Credit Agreement, the other Priority Lien Documents, the Second Lien Indenture and the other Second Lien Documents. Any Third Lien Debt incurred pursuant to such Initial Third Lien Debt Facility may be secured by a Third Lien under
and pursuant to the Initial Third Lien Security Documents, provided that the Third Lien Collateral Trustee, acting for itself and on behalf of the Initial Third Lien Secured Parties, becomes a party to this Agreement by satisfying the relevant
conditions set forth in Section 4.04(b) and in this Section 4.04(c). 
 In order for the
Third Lien Collateral Trustee to become a party to this Agreement, 
 (i) the Priority Lien Agent, the Second Lien Agent and
the Third Lien Collateral Trustee shall have executed and delivered a Priority Confirmation Joinder pursuant to which (A) such Third Lien Collateral Trustee becomes a Secured Debt Representative hereunder and (B) the Third Lien Debt and
the related Initial Third Lien Secured Parties become subject hereto and bound hereby; 
 (ii) NOG shall have delivered to
the Priority Lien Agent and the Second Lien Agent (A) true and complete copies of each Initial Third Lien Document and (B) an Officer’s Certificate certifying such copies as being true and correct and identifying the obligations to be
designated as Initial Third Lien Obligations and the initial aggregate principal amount thereof; and 

  
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 (iii) without limiting Section 4.06, the Initial Third
Lien Documents relating to such Third Lien Debt shall provide, in a manner satisfactory to the Priority Lien Agent, that each Initial Third Lien Secured Party shall be subject to and bound by the provisions of this Agreement in its capacity as a
holder of such Third Lien Debt. 
 Notwithstanding the foregoing, nothing in this Agreement will be construed to allow NOG or any other
Grantor to incur additional Debt unless otherwise permitted by the terms of each applicable Secured Debt Document. 
 Each of the
then-existing Priority Lien Agent, the Second Lien Agent and the Third Lien Collateral Trustee shall be authorized to execute and deliver such documents and agreements (including amendments or supplements to this Agreement) as such holders, lenders,
agent, trustee or other representative may reasonably request to give effect to any such Replacement or any incurrence of Initial Third Lien Obligations or Additional Third Lien Obligations, it being understood that the Priority Lien Agent, the
Second Lien Agent and the Third Lien Collateral Trustee or (if permitted by the terms of the applicable Secured Debt Documents) the Grantors, without the consent of any other Secured Party or (in the case of the Grantors) one or more Secured Debt
Representatives, may amend, supplement, modify or restate this Agreement to the extent necessary or appropriate to facilitate such amendments or supplements to effect such Replacement or incurrence all at the expense of the Grantors. Upon the
consummation of such Replacement or incurrence and the execution and delivery of the documents and agreements contemplated in the preceding sentence, the holders or lenders of such Debt and any authorized agent, trustee or other representative
thereof shall be entitled to the benefits of, and bound by the terms and conditions of, this Agreement. 
 Section 4.05 Amendments to
Priority Lien Documents, Second Lien Documents and Third Lien Documents. 
 (a) Prior to the Discharge of Second Lien Obligations,
without the prior written consent of the Second Lien Agent (unless such consent is not required by the terms of any Second Lien Document or Second Lien Substitute Facility then in effect), no Priority Lien Document may be amended, supplemented,
restated or otherwise modified and/or refinanced or entered into to the extent such amendment, supplement, restatement or modification and/or refinancing, or the terms of any new Priority Lien Document, would (i) cause the principal amount of
the Priority Lien Obligations to exceed the Priority Lien Cap then in effect, (ii) result in the Weighted Yield applicable to the Priority Lien Debt increasing by more than 250 basis points above the Weighted Yield applicable to the Priority
Lien Debt on the date hereof, (iii) modify or add any covenant, event of default or any other provision that would result in prohibiting or otherwise restricting one or more Grantors from making payments, repayments, redemptions, repurchases or
other refinancings of the Second Lien Obligations that would otherwise be permitted under this Agreement and the Priority Lien Documents as in effect on the date hereof, (iv) contravene the provisions of this Agreement, (v) modify the
amounts of or time periods applicable to any make-whole amounts, yield maintenance amounts, premium or call protection applicable to the Priority Lien Obligations unless (a) the Second Lien Documents are amended at such time to provide
equivalent or better terms (from the perspective of the Second Lien Secured Parties), (b) the Second Lien Documents contain provisions providing for an automatic amendment or other expedited modification provisions in order to provide equivalent
terms (from the perspective of the Second Lien Secured Parties) or (c) the Second Lien Secured Parties are offered an amendment to the Second Lien Documents at such time to provide equivalent or better terms (from the perspective of the Second
Lien Secured Parties), (vi) add any additional Property as collateral for the Priority Lien Obligations unless such Property is added as collateral for the Second Lien Obligations or the Second Lien Secured Parties decline to take such collateral or
(vii) provide for any Person to issue a guarantee or be required to issue a guarantee unless such Person guarantees the Second Lien Obligations or the Second Lien Secured Parties decline to take such guarantee. 

  
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 (b) Prior to the Discharge of Priority Lien Obligations, without the prior written consent of the
Priority Lien Agent (unless such consent is not required by the terms of any Priority Lien Substitute Facility then in effect), no Second Lien Document or Third Lien Document and prior to the Discharge of the Second Lien Obligations, without the
prior written consent of the Second Lien Agent, no Third Lien Document may be amended, supplemented, restated or otherwise modified and/or refinanced or entered into to the extent such amendment, supplement, restatement or modification and/or
refinancing, or the terms of any new Second Lien Document or Third Lien Document, as applicable, would (i) modify or add any covenant or event of default that would prohibit one or more Grantors from making any payment in respect of the
Priority Lien Obligations or, in the case of any Third Lien Document, in respect of the Second Lien Obligations, (ii) shorten the final maturity or weighted average life to maturity of the Second Lien Obligations or Third Lien Obligations,
(iii) add any additional Property as collateral for the Second Lien Obligations or Third Lien Obligations unless such Property is added as collateral for the Priority Lien Obligations and the Second Lien Obligations or the Priority Lien Secured
Parties or Second Lien Secured Parties, as applicable, decline to take such collateral, (iv) provide for any Person to issue a guarantee or be required to issue a guarantee unless such Person guarantees the Priority Lien Obligations and the
Second Lien Obligations or the Priority Lien Secured Parties or Second Lien Secured Parties, as applicable, decline to take such guarantee, (v) add or provide for any increase in, or shorten the period for payment of, any mandatory prepayment
or redemption provisions or shorten the period for reinvestment of any net cash proceeds (other than change of control or asset sale tender offer provisions substantially similar to those applicable under the Second Lien Documents, as in effect on
the date hereof, or otherwise customary in the market at the time of such amendment, exchange or refinancing), (vi) result in the Weighted Yield applicable to the Second Lien Obligations or Third Lien Obligations as in effect on the issue date
thereof increasing by more than 250 basis points above the Weighted Yield applicable to the Second Lien Obligations on the date hereof or Third Lien Obligations as in effect on the issue date thereof, (vii) modify the amounts of or time periods
applicable to any make-whole amounts, yield maintenance amounts, premium or call protection applicable to the Second Lien Obligations or Third Lien Obligations unless (a) the Priority Lien Documents and Second Lien Documents, as applicable, are
amended at such time to provide equivalent or better terms (from the perspective of the Priority Lien Secured Parties and, solely in the case of modifications to the Third Lien Obligations, the Second Lien Secured Parties), (b) the Priority Lien
Documents contain provisions providing for an automatic amendment or other expedited modification provisions in order to provide equivalent terms (from the perspective of the Priority Lien Secured Parties and, solely in the case of modifications to
the Third Lien Obligations, the Second Lien Secured Parties) or (c) the Priority Lien Secured Parties are offered an amendment to the Priority Lien Documents at such time to provide equivalent or better terms (from the perspective of the
Priority Lien Secured Parties and, solely in the case of modifications to the Third Lien Obligations, the Second Lien Secured Parties), (viii) amend or otherwise modify any “Default” or “Event of Default” or covenants
thereunder in a manner that is more onerous or restrictive to any Grantor as compared to the Priority Lien Documents (and, if applicable, the Second Lien Documents) unless the Priority Lien Documents and Second Lien Documents, as applicable, are
amended at such time to provide equivalent or better terms (from the perspective of the Priority Lien Secured Parties and, solely in the case of modifications to the Third Lien Obligations, the Second Lien Secured Parties), (ix) amend or
otherwise modify Section 6.01(g)(ii) of the Second Lien Indenture (or any corresponding provision of any Second Lien Substitute Facility) in a manner that would shorten or eliminate the time period during which a financial covenant default
under the Priority Lien Credit Agreement does not result in an event of default under the Second Lien Indenture, (x) adversely affect the lien priority rights of the Priority Lien Secured Parties or Second Lien Secured Parties or (xi)
contravene the provisions of this Agreement. 

  
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 (c) For the avoidance of doubt but subject in all respects to Sections 4.05(a) and
(b), (i) any Priority Lien Security Document may be amended or supplemented in accordance with the terms of the Priority Lien Documents, (ii) any Second Lien Security Document may be amended or supplemented in accordance with the
terms of the Second Lien Documents and (iii) any Third Lien Security Document may be amended or supplemented in accordance with the applicable provisions of the Third Lien Collateral Trust Agreement. 

Section 4.06 Legends. Each of: 

(a) the Second Lien Agent acknowledges with respect to the Second Lien Indenture and the Second Lien Security Documents, and 

(b) the Third Lien Collateral Trustee acknowledges with respect to (i) the Initial Third Lien Debt Facility and the Initial Third Lien
Security Documents, if any, and (ii) the Additional Third Lien Debt Facility and the Additional Third Lien Security Documents, if any, that 
 the
Grantors shall cause the Second Lien Indenture, the Initial Third Lien Debt Facility (if any), the Additional Third Lien Debt Facility (if any), the Second Lien Documents (other than control agreements to which both the Priority Lien Agent and the
Second Lien Agent are parties), the Third Lien Documents (other than control agreements to which the Priority Lien Agent or the Second Lien Agent, as applicable, and the Third Lien Collateral Trustee are parties) and each associated Security
Document (other than control agreements to which both the Priority Lien Agent and the Second Lien Agent are parties or, in the case of Third Lien Security Documents, other than control agreements to which the Priority Lien Agent or the Second Lien
Agent, as applicable, and the Third Lien Collateral Trustee are parties) granting any security interest in the Collateral to contain a legend to the effect set forth on Annex I. 

Section 4.07 Second Lien Secured Parties and Third Lien Secured Parties Rights as Unsecured Creditors; Judgment Lien Creditor.
Both before and during an Insolvency or Liquidation Proceeding and whether before or after the Discharge of Priority Lien Obligations, any of the Second Lien Secured Parties and the Third Lien Secured Parties may take any actions and exercise any
and all rights that would be available to a holder of unsecured claims; provided, however, that the Second Lien Secured Parties and the Third Lien Secured Parties may not take any of the actions prohibited by
Section 3.01, Section 3.02, Section 3.05(a) or Section 4.02; provided, further, that in the event that any of the Second Lien
Secured Parties or Third Lien Secured Parties becomes a judgment lien creditor in respect of any Collateral as a result of its enforcement of its rights as an unsecured creditor with respect to the Second Lien Obligations or the Third Lien
Obligations, as applicable, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in relation to the Priority Lien Obligations, the Second Lien Obligations and the Third Lien Obligations, as applicable) as
the Second Liens and Third Liens, as applicable, are subject to this Agreement. 
 Section 4.08 Postponement of Subrogation.

 (a) Each of the Second Lien Agent, for itself and on behalf of each other Second Lien Secured Party, and the Third Lien Collateral
Trustee, for itself and on behalf of each other Third Lien Secured Party, hereby agrees that no payment or distribution to any Priority Lien Secured Party pursuant to the provisions of this Agreement shall entitle any Second Lien Secured Party or
Third Lien Secured Party to exercise any rights of subrogation in respect thereof until, in the case of the Second Lien Secured Parties, the Discharge of Priority Lien Obligations shall each have occurred and, in the case of the Third Lien Secured
Parties, the Discharge of Priority Lien Obligations and the Discharge of Second Lien Obligations shall each have occurred. Following the Discharge of Priority Lien Obligations, but subject to the reinstatement provided for in
Section 4.03, each Priority Lien Secured Party will execute such 

  
 47 

 
documents, agreements, and instruments as any Second Lien Secured Party may reasonably request to evidence the transfer by subrogation to any such Person of an interest in the Priority Lien
Obligations resulting from payments or distributions to such Priority Lien Secured Party by such Person, so long as all costs and expenses (including all reasonable legal fees and disbursements) incurred in connection therewith by such Priority Lien
Secured Party are paid by such Person upon request for payment thereof. 
 (b) Following the Discharge of Priority Lien Obligations but prior
to the Discharge of Second Lien Obligations, the Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, agrees that no payment or distribution to any Second Lien Secured Party pursuant to the provisions of
this Agreement shall entitle any Third Lien Secured Party to exercise any rights of subrogation in respect thereof. Following the Discharge of Second Lien Obligations, but subject to the reinstatement provided for in
Section 4.03, each Second Lien Secured Party will execute such documents, agreements, and instruments as any Third Lien Secured Party may reasonably request to evidence the transfer by subrogation to any such Person of an
interest in the Second Lien Obligations resulting from payments or distributions to such Second Lien Secured Party by such Person, so long as all costs and expenses (including all reasonable legal fees and disbursements) incurred in connection
therewith by such Second Lien Secured Party are paid by such Person upon request for payment thereof. 
 Section 4.09 Acknowledgment
by the Secured Debt Representatives. Each of the Priority Lien Agent, for itself and on behalf of the other Priority Lien Secured Parties, the Second Lien Agent, for itself and on behalf of the other Second Lien Secured Parties, and the Third
Lien Collateral Trustee, for itself and on behalf of the other Third Lien Secured Parties, hereby acknowledges that this Agreement is a material inducement to enter into a business relationship, that each has relied on this Agreement to enter into
the Priority Lien Documents, the Second Lien Documents and the Third Lien Documents, as applicable, and all documentation related thereto, and that each will continue to rely on this Agreement in their related future dealings. 

ARTICLE V 

GRATUITOUS BAILMENT FOR PERFECTION OF CERTAIN SECURITY INTERESTS 

Section 5.01 General. (a) Prior to the Discharge of Priority Lien Obligations, the Priority Lien Agent agrees that if it
shall at any time hold a Priority Lien on any Collateral that can be perfected by the possession or control of such Collateral, and if such Collateral is in fact in the possession or under the control of the Priority Lien Agent, the Priority Lien
Agent will serve as gratuitous bailee for (i) the Second Lien Agent for the sole purpose of perfecting the Second Lien of the Second Lien Agent on such Collateral and (ii) the Third Lien Collateral Trustee for the sole purpose of
perfecting the Third Lien of the Third Lien Collateral Trustee on such Collateral. It is agreed that the obligations of the Priority Lien Agent and the rights of the Second Lien Agent, the other Second Lien Secured Parties, the Third Lien Collateral
Trustee and the other Third Lien Secured Parties in connection with any such bailment arrangement will be in all respects subject to the provisions of Article II. Notwithstanding anything to the contrary herein, the
Priority Lien Agent will be deemed to make no representation as to the adequacy of the steps taken by it to perfect the Second Lien or Third Lien on any such Collateral and shall have no responsibility, duty, obligation or liability to the Second
Lien Agent, any other Second Lien Secured Party, the Third Lien Collateral Trustee or any other Third Lien Secured Party or any other Person for such perfection or failure to perfect, it being understood that the sole purpose of this Article is to
enable the Second Lien Secured Parties to obtain a perfected Second Lien and the Third Lien Secured Parties to obtain a perfected Third Lien in such Collateral to the extent, if any, that such perfection results from the possession or control of
such Collateral by the Priority Lien Agent. The Priority Lien Agent acting pursuant to this Section 5.01(a) shall not have by reason of the Priority Lien Security Documents, the Second Lien Security Documents, the Third
Lien Security Documents, this Agreement or any other document or theory, a fiduciary relationship in respect of any Priority Lien Secured Party, the Second 

  
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Lien Agent, any Second Lien Secured Party, the Third Lien Collateral Trustee or any Third Lien Secured Party. Subject to Section 4.03, from and after the Discharge of
Priority Lien Obligations, the Priority Lien Agent shall take all such actions in its power as shall be necessary or reasonably be requested by the Second Lien Agent (at the sole cost and expense of the Grantors) to transfer possession or control of
such Collateral (in each case to the extent the Second Lien Agent has a Lien on such Collateral after giving effect to any prior or concurrent releases of Liens) to the Second Lien Agent for the benefit of all Second Lien Secured Parties. 

(b) Following the Discharge of Priority Lien Obligations but prior to the Discharge of Second Lien Obligations, the Second Lien Agent agrees
that if it shall at any time hold a Second Lien on any Collateral that can be perfected by the possession or control of such Collateral or of an Account in which such Collateral is held, and if such Collateral or any such Account is in fact in the
possession or under the control of the Second Lien Agent, the Second Lien Agent will serve as gratuitous bailee for (and hereby acknowledges that it shall have “control” (as defined in Section 9-104 of the New York UCC) over such
Account for the benefit of) the Third Lien Collateral Trustee for the sole purpose of perfecting the Third Lien of the Third Lien Collateral Trustee on such Collateral. It is agreed that the obligations of the Second Lien Agent and the rights of the
Third Lien Collateral Trustee and the other Third Lien Secured Parties in connection with any such bailment arrangement will be in all respects subject to the provisions of Article II. Notwithstanding anything to the
contrary herein, the Second Lien Agent will be deemed to make no representation as to the adequacy of the steps taken by it to perfect the Third Lien on any such Collateral and shall have no responsibility, duty, obligation or liability to the Third
Lien Collateral Trustee or any other Third Lien Secured Party or any other Person for such perfection or failure to perfect, it being understood that the sole purpose of this Article is to enable the Third Lien Secured Parties to obtain a perfected
Third Lien in such Collateral to the extent, if any, that such perfection results from the possession or control of such Collateral or any such Account by the Second Lien Agent. The Second Lien Agent acting pursuant to this
Section 5.01(b) shall not have by reason of the Second Lien Security Documents, the Third Lien Security Documents, this Agreement or any other document or theory, a fiduciary relationship in respect of any Second Lien
Secured Party, the Third Lien Collateral Trustee or any Third Lien Secured Party. Subject to Section 4.03, from and after the Discharge of Second Lien Obligations, the Second Lien Agent shall take all such actions in its
power as shall reasonably be requested by the Third Lien Collateral Trustee (at the sole cost and expense of the Grantors) to transfer possession or control of such Collateral or any such Account (in each case to the extent the Third Lien Collateral
Trustee has a Lien on such Collateral or Account after giving effect to any prior or concurrent releases of Liens) to the Third Lien Collateral Trustee for the benefit of all Third Lien Secured Parties. 

Section 5.02 Accounts. (a) Prior to the Discharge of Priority Lien Obligations, to the extent that any Account is under the
control of the Priority Lien Agent at any time, the Priority Lien Agent will act as gratuitous bailee for (and hereby acknowledges that it shall have “control” (as defined in Section 9-104 of the New York UCC) over such Account for
the benefit of) (i) the Second Lien Agent for the purpose of perfecting the Liens of the Second Lien Secured Parties and (ii) the Third Lien Collateral Trustee for the purpose of perfecting the Liens of the Third Lien Secured Parties in
such Accounts and the cash and other assets therein as provided in Section 5.01 (but will have no duty, responsibility or obligation to the Second Lien Secured Parties or the Third Lien Secured Parties (including, without
limitation, any duty, responsibility or obligation as to the maintenance of such control, the effect of such arrangement or the establishment of such perfection) except as set forth in the last sentence of this
Section 5.02(a)). Unless the Second Liens on such Collateral shall have been or concurrently are released, after the occurrence of Discharge of Priority Lien Obligations, the Priority Lien Agent shall, at the request of the
Second Lien Agent, cooperate with the Grantors and the Second Lien Agent (at the expense of the Grantors) in permitting control of any Accounts to be transferred to the Second Lien Agent (or for other arrangements with respect to each such Account
satisfactory to the Second Lien Agent to be made); provided, that nothing herein shall be deemed to limit the Second Lien Agent’s right to be (and remain) a party to any control agreement or the Third Lien Collateral Trustee’s right to be
(and remain) a party to any control agreement. 

  
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 (b) Following the Discharge of Priority Lien Obligations but prior to the Discharge of Second
Lien Obligations, to the extent that any Account is under the control of the Second Lien Agent at any time, the Second Lien Agent will act as gratuitous bailee for (and hereby acknowledges that it shall have “control” (as defined in
Section 9-104 of the New York UCC) over such Account for the benefit of) the Third Lien Collateral Trustee for the purpose of perfecting the Liens of the Third Lien Secured Parties in such Accounts and the cash and other assets therein as
provided in Section 5.01 (but will have no duty, responsibility or obligation to the Third Lien Secured Parties (including, without limitation, any duty, responsibility or obligation as to the maintenance of such control,
the effect of such arrangement or the establishment of such perfection) except as set forth in the last sentence of this Section 5.02(b)). Unless the Third Liens on such Collateral shall have been or concurrently are
released, after the occurrence of Discharge of Second Lien Obligations, the Second Lien Agent shall, at the request of the Third Lien Collateral Trustee, cooperate with the Grantors and the Third Lien Collateral Trustee (at the expense of the
Grantors) in permitting control of any Accounts to be transferred to the Third Lien Collateral Trustee (or for other arrangements with respect to each such Account satisfactory to the Third Lien Collateral Trustee to be made). 

ARTICLE VI 

APPLICATION OF PROCEEDS; DETERMINATION OF AMOUNTS 

Section 6.01 Application of Proceeds. (a) Prior to the Discharge of Priority Lien Obligations, and regardless of whether an
Insolvency or Liquidation Proceeding has been commenced, Collateral or proceeds received in connection with the enforcement or exercise of any rights or remedies with respect to any portion of the Collateral will be applied: 

(i) first, to the payment in full in cash of all Priority Lien Obligations that are not Excess Priority Lien
Obligations; 
 (ii) second, to the payment in full in cash of all Second Lien Obligations; 

(iii) third, to the payment in full in cash of all Excess Priority Lien Obligations; 

(iv) fourth, to the payment in full in cash of all Third Lien Obligations; and 

(v) fifth, to NOG or as otherwise required by applicable law. 

(b) Following the Discharge of Priority Lien Obligations but prior to the Discharge of Second Lien Obligations, and regardless of whether an
Insolvency or Liquidation Proceeding has been commenced, Collateral or proceeds received in connection with the enforcement or exercise of any rights or remedies with respect to any portion of the Collateral will be applied: 

(i) first, to the payment in full in cash of all Second Lien Obligations; 

(ii) second, to the payment in full in cash of all Excess Priority Lien Obligations; 

(iii) third, to the payment in full in cash of all Third Lien Obligations; and 

(iv) fourth, to NOG or as otherwise required by applicable law. 

  
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 Payments made on account of Secured Obligations under this Section 6.01 shall be made
to the applicable Secured Debt Representative for application in accordance with its applicable Secured Debt Documents 
 Section 6.02
Determination of Amounts. Whenever a Secured Debt Representative shall be required, in connection with the exercise of its rights or the performance of its obligations hereunder, to determine the existence or amount of any Priority Lien
Obligations, Second Lien Obligations or Third Lien Obligations (or the existence of any commitment to extend credit that would constitute any such obligations), or the existence of any Lien securing any such obligations, or the Collateral subject to
any such Lien, it may request in writing that such information be furnished to it in writing by the other Secured Debt Representatives and shall be entitled to make such determination on the basis of the information so furnished; provided,
however, that if a Secured Debt Representative shall fail or refuse reasonably promptly to provide the requested information, the requesting Secured Debt Representative shall be entitled to make any such determination by such method as it
may, in the exercise of its good faith judgment, determine, including by reliance upon an Officer’s Certificate of NOG. Each Secured Debt Representative may rely conclusively, and shall be fully protected in so relying, on any determination
made by it in accordance with the provisions of the preceding sentence (or as otherwise directed by a court of competent jurisdiction) and shall have no liability to NOG or any of its subsidiaries, any Secured Party or any other Person as a result
of such determination. 
 ARTICLE VII 

NO RELIANCE; NO LIABILITY; OBLIGATIONS ABSOLUTE; 

CONSENT OF GRANTORS, ETC. 

Section 7.01 No Reliance; Information. The Priority Lien Secured Parties, the Second Lien Secured Parties and the Third Lien
Secured Parties shall have no duty to disclose to any Secured Party any information relating to NOG or any of the other Grantors, or any other circumstance bearing upon the risk of non-payment of any of the
Priority Lien Obligations, the Second Lien Obligations or the Third Lien Obligations, as the case may be, that is known or becomes known to any of them or any of their Affiliates. In the event any Priority Lien Secured Party, any Second Lien Secured
Party or any Third Lien Secured Party, in its sole discretion, undertakes at any time or from time to time to provide any such information, to any Third Lien Secured Party, any Second Lien Secured Party or any Priority Lien Secured Party, as the
case may be, it shall be under no obligation (a) to make, and shall not make or be deemed to have made, any express or implied representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of the
information so provided, (b) to provide any additional information or to provide any such information on any subsequent occasion or (c) to undertake any investigation. 

Section 7.02 No Warranties or Liability. 

(a) The Priority Lien Agent, for itself and on behalf of the other Priority Lien Secured Parties, acknowledges and agrees that, except for the
representations and warranties set forth in Article VIII, (i) neither the Second Lien Agent nor any other Second Lien Secured Party has made any express or implied representation or warranty, including with respect to
the execution, validity, legality, completeness, collectability or enforceability of any of the Second Lien Documents, the ownership of any Collateral or the perfection or priority of any Liens thereon and (ii) neither the Third Lien Collateral
Trustee nor any other Third Lien Secured Party has made any express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectability or enforceability of any of the Third Lien
Documents, the ownership of any Collateral or the perfection or priority of any Liens thereon. 

  
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 (b) The Second Lien Agent, for itself and on behalf of the other Second Lien Secured Parties,
acknowledges and agrees that, except for the representations and warranties set forth in Article VIII, (i) neither the Priority Lien Agent nor any other Priority Lien Secured Party has made any express or implied
representation or warranty, including with respect to the execution, validity, legality, completeness, collectability or enforceability of any of the Priority Lien Documents, the ownership of any Collateral or the perfection or priority of any Liens
thereon and (ii) neither the Third Lien Collateral Trustee nor any other Third Lien Secured Party has made any express or implied representation or warranty, including with respect to the execution, validity, legality, completeness,
collectability or enforceability of any of the Third Lien Documents, the ownership of any Collateral or the perfection or priority of any Liens thereon. 

(c) The Third Lien Collateral Trustee, for itself and on behalf of the other Third Lien Secured Parties, acknowledges and agrees that, except
for the representations and warranties set forth in Article VIII, (i) neither the Priority Lien Agent nor any other Priority Lien Secured Party has made any express or implied representation or warranty, including with
respect to the execution, validity, legality, completeness, collectability or enforceability of any of the Priority Lien Documents, the ownership of any Collateral or the perfection or priority of any Liens thereon and (ii) neither the Second
Lien Agent nor any other Second Lien Secured Party has made any express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectability or enforceability of any of the Second Lien
Documents, the ownership of any Collateral or the perfection or priority of any Liens thereon. 
 (d) (i) The Priority Lien Agent and
the other Priority Lien Secured Parties shall have no express or implied duty to the Second Lien Agent, any other Second Lien Secured Party, the Third Lien Collateral Trustee or any other Third Lien Secured Party, (ii) the Second Lien Agent and
the other Second Lien Secured Parties shall have no express or implied duty to the Priority Lien Agent, any other Priority Lien Secured Party, the Third Lien Collateral Trustee or any other Third Lien Secured Party, and (iii) the Third Lien
Collateral Trustee shall have no express or implied duty to the Priority Lien Agent, any other Priority Lien Secured Party, the Second Lien Agent or any other Second Lien Secured Party, in each case to act or refrain from acting in a manner which
allows, or results in, the occurrence or continuance of a default or an event of default under any Priority Lien Document, any Second Lien Document and any Third Lien Document (other than, in each case, this Agreement), regardless of any knowledge
thereof which they may have or be charged with. 
 (e) Each of the Second Lien Agent, for itself and on behalf of each other Second Lien
Secured Party, and the Third Lien Collateral Trustee, for itself and on behalf of each other Third Lien Secured Party, hereby waives any claim that may be had against the Priority Lien Agent or any other Priority Lien Secured Party arising out of
any actions which the Priority Lien Agent or such Priority Lien Secured Party takes or omits to take (including actions with respect to the creation, perfection or continuation of Liens on any Collateral, actions with respect to the foreclosure
upon, sale, release or depreciation of, or failure to realize upon, any Collateral, and actions with respect to the collection of any claim for all or only part of the Priority Lien Obligations from any account debtor, guarantor or any other party)
in accordance with this Agreement and the Priority Lien Documents or the valuation, use, protection or release of any security for such Priority Lien Obligations. The Third Lien Collateral Trustee, for itself and on behalf each other Third Lien
Secured Party, hereby waives any claim that may be had against the Second Lien Agent or any other Second Lien Secured Party arising out of any actions which the Second Lien Agent or such Second Lien Secured Party takes or omits to take following the
Discharge of Priority Lien Obligations but prior to the Discharge of Second Lien Obligations (including actions with respect to the creation, perfection or continuation of Liens on any Collateral, actions with respect to the foreclosure upon, sale,
release or depreciation of, or failure to realize upon, any Collateral, and actions with respect to the collection of any claim for all or only part of the Second Lien Obligations from any account debtor, guarantor or any other party) in accordance
with this Agreement and the Second Lien Documents or the valuation, use, protection or release of any security for such Second Lien Obligations. 

  
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 Section 7.03 Obligations Absolute. The Lien priorities provided for herein and the
respective rights, interests, agreements and obligations hereunder of the Priority Lien Agent and the other Priority Lien Secured Parties, the Second Lien Agent and the other Second Lien Secured Parties, and the Third Lien Collateral Trustee and the
other Third Lien Secured Parties shall remain in full force and effect irrespective of: 
 (a) any lack of validity or enforceability of any
Secured Debt Document; 
 (b) subject to the limitations set forth in Section 4.05, any change in the time, place
or manner of payment of, or in any other term of (including the Replacing of), all or any portion of the Priority Lien Obligations or the Second Lien Obligations, it being specifically acknowledged that a portion of the Priority Lien Obligations or
the Second Lien Obligations consist or may consist of Debt that is revolving in nature, and the amount thereof that may be outstanding at any time or from time to time may be increased or reduced and subsequently reborrowed; 

(c) subject to the limitations set forth in Section 4.05, any amendment, waiver or other modification, whether by
course of conduct or otherwise, of any Secured Debt Document; 
 (d) the securing of any Priority Lien Obligations, Second Lien Obligations
or Third Lien Obligations with any additional collateral or guarantees, or any exchange, release, voiding, avoidance or non-perfection of any security interest in any Collateral or any other collateral or any
release of any guarantee securing any Priority Lien Obligations, Second Lien Obligations or Third Lien Obligations; 
 (e) the commencement
of any Insolvency or Liquidation Proceeding in respect of NOG or any other Grantor; or 
 (f) any other circumstances that otherwise might
constitute a defense available to, or a discharge of, NOG or any other Grantor in respect of the Priority Lien Obligations, the Second Lien Obligations or the Third Lien Obligations. 

Section 7.04 Grantors Consent. Each Grantor hereby consents to the provisions of this Agreement and the intercreditor arrangements
provided for herein and agrees that the obligations of the Grantors under the Secured Debt Documents will in no way be diminished or otherwise affected by such provisions or arrangements (except as expressly provided herein). 

ARTICLE VIII 

REPRESENTATIONS AND WARRANTIES 

Section 8.01 Representations and Warranties of Each Party. Each party hereto represents and warrants to the other parties hereto
as follows: 
 (a) Such party is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization
and has all requisite power and authority to enter into and perform its obligations under this Agreement. 
 (b) This Agreement has been duly
executed and delivered by such party. 

  
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 (c) The execution, delivery and performance by such party of this Agreement (i) do not
require any consent or approval of, registration or filing with or any other action by any Governmental Authority, (ii) will not violate any applicable law or regulation or any order of any Governmental Authority or any indenture, agreement or
other instrument binding upon such party and (iii) will not violate the charter, by-laws or other organizational documents of such party. 

Section 8.02 Representations and Warranties of Each Representative. Each of the Priority Lien Agent, the Second Lien Agent and the
Third Lien Collateral Trustee represents and warrants to the other parties hereto that it is authorized under the Priority Lien Credit Agreement, the Second Lien Indenture and the Third Lien Collateral Trust Agreement, as the case may be, to enter
into this Agreement. 
 ARTICLE IX 

MISCELLANEOUS 

Section 9.01 Notices. All notices and other communications provided for herein shall be in writing and shall be delivered by hand
or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows: 
 (a) if to the Original Priority Lien
Agent, to it at: 
 TPG Specialty Lending, Inc. 

301 Commerce Street, Suite 3300 

Fort Worth, TX 76012, Attention of Shari Williams 

Telecopy No. (212) 430-7515 

(b) if to the Original Second Lien Agent, to it at: 

Wilmington Trust, National Association 

50 South Sixth Street, Suite 1290 

Minneapolis, Minnesota 55402 

Attention: Northern Oil and Gas, Inc. Notes Administrator; and 

(c) if to any other Secured Debt Representative, to such address as specified in the applicable Priority Confirmation Joinder. 

Any party hereto may change its address or facsimile number for notices and other communications hereunder by notice to the other parties
hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt (if a Business Day) and on the next Business Day thereafter (in all
other cases) if delivered by hand or overnight courier service or sent by telecopy or on the date five Business Days after dispatch by certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party
as provided in this Section 9.01 or in accordance with the latest unrevoked direction from such party given in accordance with this Section 9.01. As agreed to in writing among NOG, the Priority
Lien Agent, the Second Lien Agent and the Third Lien Collateral Trustee from time to time, notices and other communications may also be delivered by e-mail to the e-mail
address of a representative of the applicable person provided from time to time by such person. 
 Section 9.02 Waivers;
Amendment. (a) No failure or delay on the part of any party hereto in exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or
discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. 

  
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The rights and remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or
consent to any departure by any party therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 9.02, and then such waiver or consent shall be effective only
in the specific instance and for the purpose for which given. No notice or demand on any party hereto in any case shall entitle such party to any other or further notice or demand in similar or other circumstances. 

(b) Neither this Agreement nor any provision hereof may be terminated, waived, amended or modified except pursuant to an agreement or
agreements in writing entered into by each Secured Debt Representative; provided, however, that this Agreement may be amended from time to time as provided in the last paragraph of Section 4.04; provided
further that any amendment, waiver or modification to Section 4.01, 4.02, 4.04, and 4.05, Article VII and Article IX that adversely affect the rights
and obligations of NOG shall require the written consent of NOG. None of the Priority Lien Agent, the Second Lien Agent or the Third Lien Collateral Trustee shall be “bound” by any amendment, modification or waiver of this Agreement that
adversely affects its or any Priority Lien Secured Party’s, Second Lien Secured Party’s or Third Lien Secured Party’s obligations, rights and protections, respectively, without its written consent. 

Section 9.03 Actions Upon Breach; Specific Performance. (a) (i) Prior to the Discharge of Priority Lien Obligations, if any
Second Lien Secured Party or Third Lien Secured Party, contrary to this Agreement, commences or participates in any action or proceeding against any Grantor or the Collateral, such Grantor, with the prior written consent of the Priority Lien Agent,
may interpose as a defense or dilatory plea the making of this Agreement, and any Priority Lien Secured Party may intervene and interpose such defense or plea in its or their name or in the name of such Grantor and (ii) following the Discharge
of Priority Lien Obligations but prior to the Discharge of Second Lien Obligations, if any Third Lien Secured Party, contrary to this Agreement, commences or participates in any action or proceeding against any Grantor or the Collateral, such
Grantor, with the prior written consent of the Second Lien Agent, may interpose as a defense or dilatory plea the making of this Agreement, and any Second Lien Secured Party may intervene and interpose such defense or plea in its or their name or in
the name of such Grantor. 
 (b) (i) Prior to the Discharge of Priority Lien Obligations, should any Second Lien Secured Party or Third
Lien Secured Party, contrary to this Agreement, in any way take, attempt to or threaten to take any action with respect to the Collateral (including any attempt to realize upon or enforce any remedy with respect to this Agreement), or take any other
action in violation of this Agreement or fail to take any action required by this Agreement, the Priority Lien Agent or any other Priority Lien Secured Party (in its own name or in the name of the relevant Grantor) or the relevant Grantor, with the
prior written consent of the Priority Lien Agent, (A) may obtain relief against such Second Lien Secured Party or Third Lien Secured Party, as applicable, by injunction, specific performance and/or other appropriate equitable relief, it being
understood and agreed by each of the Second Lien Agent on behalf of each Second Lien Secured Party and the Third Lien Collateral Trustee on behalf of each Third Lien Secured Party that (I) the Priority Lien Secured Parties’ damages from
its actions may at that time be difficult to ascertain and may be irreparable, and (II) each Second Lien Secured Party and Third Lien Secured Party waives any defense that the Grantors and/or the Priority Lien Secured Parties cannot demonstrate
damage and/or be made whole by the awarding of damages, and (B) shall be entitled to damages, as well as reimbursement for all reasonable and documented costs and expenses incurred in connection with any action to enforce the provisions of this
Agreement (provided that, for the avoidance of doubt and subject to Section 9.13, the Priority Lien Secured Parties shall only be entitled to such reimbursement from the Second Lien Secured Parties to the extent that the Priority Lien Secured
Parties prevail in such action pursuant to a final non-appealable judgment or order from a court of competent jurisdiction) and (ii) following the Discharge of Priority Lien Obligations but prior to the
Discharge of Second Lien 

  
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Obligations, should any Third Lien Secured Party, contrary to this Agreement, in any way take, attempt to or threaten to take any action with respect to the Collateral (including any attempt to
realize upon or enforce any remedy with respect to this Agreement), or take any other action in violation of this Agreement or fail to take any action required by this Agreement, the Second Lien Agent or any other Second Lien Secured Party (in its
own name or in the name of the relevant Grantor) or the relevant Grantor, with the prior written consent of the Second Lien Agent, (A) may obtain relief against such Third Lien Secured Party by injunction, specific performance and/or other
appropriate equitable relief, it being understood and agreed by the Third Lien Collateral Trustee on behalf of each Third Lien Secured Party that (I) the Second Lien Secured Parties’ damages from its actions may at that time be difficult
to ascertain and may be irreparable, and (II) each Third Lien Secured Party waives any defense that the Grantors and/or the Second Lien Secured Parties cannot demonstrate damage and/or be made whole by the awarding of damages, and
(B) shall be entitled to damages, as well as reimbursement for all reasonable and documented costs and expenses incurred in connection with any action to enforce the provisions of this Agreement (provided that, for the avoidance of doubt and
subject to Section 9.13, the Second Lien Secured Parties shall only be entitled to such reimbursement from the Third Lien Secured Parties to the extent that the Second Lien Secured Parties prevail in such action pursuant to a final non-appealable judgment from a court of competent jurisdiction). 
 Section 9.04 Parties in
Interest. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, as well as the other Secured Parties, all of whom are intended to be bound by, and to be third-party
beneficiaries of, this Agreement. No other Person will be entitled to rely on, have the benefit of or enforce this Agreement. 

Section 9.05 Survival of Agreement. All covenants, agreements, representations and warranties made by any party in this Agreement
shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement. 

Section 9.06 Counterparts. This Agreement may be executed in counterparts, each of which shall constitute an original but all of
which when taken together shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile or other electronic transmission shall be as effective as delivery of a manually signed counterpart of this
Agreement. 
 Section 9.07 Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a
particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions
the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 Section 9.08
Governing Law; Jurisdiction; Consent to Service of Process. (a) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

(b) EACH PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY: SUBMITS FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO
THIS AGREEMENT, OR FOR RECOGNITION AND ENFORCEMENT OF ANY JUDGMENT IN RESPECT THEREOF, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK AND THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK AND APPELLATE COURTS
FROM ANY THEREOF; PROVIDED, THAT NOTHING CONTAINED HEREIN OR IN ANY OTHER LOAN DOCUMENT WILL PREVENT ANY PARTY FROM BRINGING ANY ACTION TO ENFORCE ANY AWARD OR JUDGMENT OR EXERCISE ANY RIGHT UNDER THIS AGREEMENT IN ANY OTHER FORUM IN
WHICH JURISDICTION CAN BE ESTABLISHED. 

  
 56 

 (c) Each party hereto hereby irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any court referred to in paragraph (b) of this
Section 9.08. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in
Section 9.01. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

Section 9.09 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
(i) ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT AND (ii) ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY SUCH LITIGATION ANY SPECIAL, EXEMPLARY,
PUNITIVE OR CONSEQUENTIAL DAMAGES, OR DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER
PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND
CERTIFICATIONS IN THIS SECTION. 
 Section 9.10 Headings. Article, Section and Annex headings used herein are for convenience of
reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

Section 9.11 Conflicts. In the event of any conflict or inconsistency between the provisions of this Agreement and the provisions
of any Secured Debt Documents, the provisions of this Agreement shall control. 
 Section 9.12 Provisions Solely to Define Relative
Rights. The provisions of this Agreement are and are intended solely for the purpose of defining the distinct and separate relative rights of the Priority Lien Secured Parties, the Second Lien Secured Parties and the Third Lien Secured Parties
with respect to the Liens securing the Secured Obligations. None of NOG, any other Grantor or any other creditor thereof shall have any rights or obligations hereunder, except as expressly provided in this Agreement (provided that nothing in
this Agreement (other than Section 4.01, 4.02, 4.04, and 4.05) is intended to or will amend, waive or otherwise modify the provisions of the Priority Lien Documents, the Second Lien Documents or the
Third Lien Documents, as applicable), and except as expressly provided in this Agreement neither NOG nor any other Grantor may rely on the terms hereof (other than Section 4.01, 4.02, 4.04, and 4.05,
Article VII and Article IX). Nothing in this Agreement is intended to or shall impair the obligations of NOG or any other Grantor to pay the Obligations under the Secured Debt Documents as and when
the same shall become due and payable in accordance with their terms, which are absolute and unconditional. 

  
 57 

 Section 9.13 Certain Terms Concerning the Second Lien Agent and the Third Lien Collateral
Trustee. (a) The Second Lien Agent is executing and delivering this Agreement solely in its capacity as such and pursuant to direction set forth in the Second Lien Indenture and other Second Lien Documents; and in so doing, the Second Lien Agent
shall not be responsible for the terms or sufficiency of this Agreement for any purpose. The Second Lien Agent shall have no duties or obligations under or pursuant to this Agreement other than such duties and obligations as are expressly set forth
in this Agreement as duties and obligations on its part to be performed or observed. The Second Lien Agent shall be entitled to and be protected by all of the rights, immunities, indemnities and other protections granted to it under the Second Lien
Indenture and the other Second Lien Documents (including without limitation Article Seven and Article Twelve of the Second Lien Indenture and Article VII and Section 9.03 of the Security Agreement (as defined in the Second Lien Indenture)) as
if such rights, immunities, indemnities and other protections were set forth herein. 
 (b) The Third Lien Collateral Trustee is executing
and delivering this Agreement solely in its capacity as such and pursuant to direction set forth in the Third Lien Documents; and in so doing, the Third Lien Collateral Trustee shall not be responsible for the terms or sufficiency of this Agreement
for any purpose. The Third Lien Collateral Trustee shall have no duties or obligations under or pursuant to this Agreement other than such duties and obligations as may be expressly set forth in this Agreement as duties and obligations on its part
to be performed or observed. The Third Lien Collateral Trustee shall be entitled to and be protected by all of the rights, immunities, indemnities and other protections granted to it under any Third Lien Debt Facility and the Third Lien Documents as
if such rights, immunities, indemnities and other protections were set forth herein. 
 Section 9.14 Certain Terms Concerning the
Priority Lien Agent, the Second Lien Agent and the Third Lien Collateral Trustee. None of the Priority Lien Agent, the Second Lien Agent or the Third Lien Collateral Trustee shall have any liability or responsibility for the actions or omissions
of any other Secured Party, or for any other Secured Party’s compliance with (or failure to comply with) the terms of this Agreement. None of the Priority Lien Agent, the Second Lien Agent or the Third Lien Collateral Trustee shall have
individual liability to any Person if it shall mistakenly pay over or distribute to any Secured Party (or NOG) or otherwise any amounts in violation of the terms of this Agreement, so long as the Priority Lien Agent, the Second Lien Agent or the
Third Lien Collateral Trustee, as the case may be, has not acted with gross negligence or willful misconduct. Each party hereto hereby acknowledges and agrees that each of the Priority Lien Agent, the Second Lien Agent and the Third Lien Collateral
Trustee is entering into this Agreement solely in its capacity as such under the Priority Lien Documents, the Second Lien Documents and the Third Lien Documents, respectively, and not in its individual capacity. 

(a) The Priority Lien Agent shall not be deemed to owe any fiduciary duty to (i) the Second Lien Agent or any other Second Lien Secured
Party or (ii) the Third Lien Collateral Trustee or any other Third Lien Representative or any other Third Lien Secured Party; 
 (b) the
Second Lien Agent shall not be deemed to owe any fiduciary duty to (i) the Priority Lien Agent or any other Priority Lien Secured Party or (ii) the Third Lien Collateral Trustee or any other Third Lien Representative or any other Third
Lien Secured Party; and 
 (c) the Third Lien Collateral Trustee shall not be deemed to owe any fiduciary duty to (i) the Priority Lien
Agent or any other Priority Lien Secured Party or (ii) the Second Lien Agent or any other Second Lien Secured Party. 

Section 9.15 Authorization of Secured Agents. By accepting the benefits of this Agreement and the other Priority Lien Security
Documents, each Priority Lien Secured Party authorizes the Priority Lien Agent to enter into this Agreement and to act on its behalf as collateral agent hereunder and in connection 

  
 58 

 
herewith. By accepting the benefits of this Agreement and the other Second Lien Security Documents, each Second Lien Secured Party authorizes the Second Lien Agent to enter into this Agreement
and to act on its behalf as collateral agent hereunder and in connection herewith. By accepting the benefits of this Agreement and the other Third Lien Security Documents, each Third Lien Secured Party authorizes the Third Lien Collateral Trustee to
enter into this Agreement and to act on its behalf as collateral agent hereunder and in connection herewith. 
 Section 9.16 Further
Assurances. Each of the Priority Lien Agent, for itself and on behalf of the other Priority Lien Secured Parties, the Second Lien Agent, for itself and on behalf of the other Second Lien Secured Parties, the Third Lien Collateral Trustee, for
itself and on behalf of the other Third Lien Secured Parties, and each Grantor party hereto, for itself and on behalf of its subsidiaries, agrees that it will execute, or will cause to be executed, any and all further documents, agreements and
instruments, and take all such further actions, as may be required under any applicable law, or which the Priority Lien Agent, the Second Lien Agent or the Third Lien Collateral Trustee may reasonably request, to effectuate the terms of this
Agreement, including the relative Lien priorities provided for herein. 
 Section 9.17 Relationship of Secured Parties. Nothing
set forth herein shall create or evidence a joint venture, partnership or an agency or fiduciary relationship among the Secured Parties. Neither any of the Secured Parties nor any of their respective directors, officers, agents or employees shall be
responsible to any other Secured Party or to any other Person for any Grantor’s solvency, financial condition or ability to repay the Priority Lien Obligations, the Second Lien Obligations or the Third Lien Obligations, or for statements of any
Grantor, oral or written, or for the validity, sufficiency or enforceability of the Priority Lien Documents, the Second Lien Documents or the Third Lien Documents, or any security interests granted by any Grantor to any Secured Party in connection
therewith. Each Secured Party has entered into its respective financing agreements with the Grantors based upon its own independent investigation, and none of the Priority Lien Agent, the Second Lien Agent or the Third Lien Collateral Trustee makes
any warranty or representation to the other Secured Debt Representatives or the Secured Parties for which it acts as agent nor does it rely upon any representation of the other agents or the Secured Parties for which it acts as agent with respect to
matters identified or referred to in this Agreement; provided that, nothing herein shall impose an obligation on the Second Lien Agent to undertake any investigation with respect to the Grantors beyond that which may be required by the Second
Lien Indenture. 
 Section 9.18 Third Lien Provisions. Notwithstanding any of the foregoing provisions, until such time as the
Third Lien Collateral Trustee has, pursuant to the terms hereof (including, but not limited to Section 4.04(c)), entered into, and, for itself and on behalf of the Third Lien Secured Parties, agreed to be bound by the terms
of, this Agreement and executed a Priority Confirmation Joinder, the provisions of this Agreement relating to the Third Lien Obligations (including, but not limited to, the definitions of “Additional Third Lien Debt Facility”,
“Additional Third Lien Documents”, “Additional Third Lien Obligations”, “Additional Third Lien Secured Parties”, “Additional Third Lien Security Documents”, “Third Lien”, “Third Lien
Collateral”, “Third Lien Collateral Trust Agreement”, “Third Lien Collateral Trustee”, “Third Lien Debt”, “Third Lien Documents”, “Third Lien First Standstill Period”, “Third Lien
Obligations”, “Third Lien Representative”, “Third Lien Second Standstill Period”, “Third Lien Secured Parties”, “Third Lien Security Documents” and “Third Lien Substitute Facility” and
provisions, insofar as they relate to Third Lien Obligations, Third Liens or Third Lien Documents, regarding priority, enforcement actions, Standstill Periods, release, Insolvency or Liquidation Proceedings, reinstatement, amendments and application
of proceeds) shall not be operative. 
 [SIGNATURES BEGIN NEXT PAGE] 

  
 59 

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

			
	TPG SPECIALTY LENDING, INC., as Original Priority Lien Agent
		
	By:	 	 
	Name:	 	
	Title:	 	

 Signature Page 

Intercreditor Agreement 

 
			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Original Second Lien Agent

 
			
		
	By:	 	 
	Name:  	 	
	Title:	 	

 Signature Page 

Intercreditor Agreement 

 
			
	ACKNOWLEDGED AND AGREED AS OF THE DATE FIRST ABOVE WRITTEN:
	
	NORTHERN OIL AND GAS, INC.

 
			
		
	By:	 	 
	Name:  	 	
	Title:	 	

 Signature Page 

Intercreditor Agreement 

			
	OTHER GRANTORS:
	
	[    ]
		
	By:	 	 
	Name:	 	
	Title:	 	

 Signature Page 

Intercreditor Agreement 

 ANNEX I 

Provision for the Second Lien Indenture, the Second Lien Documents, the Initial Third Lien Debt Facility, any Additional Third Lien Debt Facility and the
Third Lien Documents 
 Reference is made to the Intercreditor Agreement dated as of May 15, 2018, between TPG Specialty Lending, Inc., as
Priority Lien Agent (as defined therein), and Wilmington Trust, National Association, as Second Lien Agent (as defined therein) and acknowledged and agreed by Northern Oil and Gas, Inc. and certain of its subsidiaries (as amended, supplemented,
amended and restated or otherwise modified and in effect from time to time, the “Intercreditor Agreement”). Each holder of [Second Lien Indenture Notes][Initial Third Lien Obligations][Additional Third Lien Obligations] (as defined
therein), by its acceptance of such [Second Lien Indenture Notes][Initial Third Lien Obligations][Additional Third Lien Obligations] (i) consents to the subordination of Liens provided for in the Intercreditor Agreement, (ii) agrees that
it will be bound by, and will take no actions contrary to, the provisions of the Intercreditor Agreement, (iii) authorizes and instructs the [Second Lien Agent][Third Lien Collateral Trustee] (as defined therein) on behalf of each
[Second/Third] Lien Secured Party (as defined therein) to enter into the Intercreditor Agreement as [Second Lien Agent][Third Lien Collateral Trustee] on behalf of such [Second/Third] Lien Secured Parties and (iv) acknowledges (or is deemed to
acknowledge) that a copy of the Intercreditor Agreement was delivered, or made available, to such Person. The foregoing provisions are intended as an inducement to the lenders under the Priority Lien Documents (as defined in the Intercreditor
Agreement) to extend credit to Northern Oil and Gas, Inc., and such lenders are intended third-party beneficiaries of such provisions and the provisions of the Intercreditor Agreement. 

Provision for all Second Lien Security Documents the Initial Third Lien Security Documents and the Additional Third Lien Security Documents that Grant a
Security Interest in Collateral 
 Reference is made to the Intercreditor Agreement, dated as of May 15, 2018, between TPG Specialty Lending,
Inc., as Priority Lien Agent (as defined therein), and Wilmington Trust, National Association, as Second Lien Agent (as defined therein) and acknowledged and agreed by Northern Oil and Gas, Inc. and certain of its subsidiaries (as amended,
supplemented, amended and restated or otherwise modified and in effect from time to time, the “Intercreditor Agreement”). Each Person that is secured hereunder, by accepting the benefits of the security provided hereby,
(i) consents (or is deemed to consent), to the subordination of Liens provided for in the Intercreditor Agreement, (ii) agrees (or is deemed to agree) that it will be bound by, and will take no actions contrary to, the provisions of the
Intercreditor Agreement, (iii) authorizes (or is deemed to authorize) the [Second Lien Agent] [Third Lien Collateral Trustee] (as defined in the Intercreditor Agreement) on behalf of such Person to enter into, and perform under, the
Intercreditor Agreement and (iv) acknowledges (or is deemed to acknowledge) that a copy of the Intercreditor Agreement was delivered, or made available, to such Person. 

Notwithstanding any other provision contained herein, this Agreement, the Liens created hereby and the rights, remedies, duties and obligations provided
for herein are subject in all respects to the provisions of the Intercreditor Agreement and, to the extent provided therein, the applicable Security Documents (as defined in the Intercreditor Agreement). In the event of any conflict or inconsistency
between the provisions of this Agreement and the Intercreditor Agreement, the provisions of the Intercreditor Agreement shall control. 

  
 Annex I-1 

 EXHIBIT A 

to Intercreditor Agreement 

[FORM OF] 
 PRIORITY
CONFIRMATION JOINDER 
 Reference is made to the Intercreditor Agreement, dated as of May 15, 2018 (as amended, supplemented,
amended and restated or otherwise modified and in effect from time to time, the “Intercreditor Agreement”) between TPG Specialty Lending, Inc., as Priority Lien Agent for the Priority Lien Secured Parties (as defined therein), and
Wilmington Trust, National Association, as Second Lien Agent for the Second Lien Secured Parties (as defined therein) and acknowledged and agreed by Northern Oil and Gas, Inc. and certain of its subsidiaries. 

Capitalized terms used but not otherwise defined herein shall have the meanings set forth in the Intercreditor Agreement. This Priority
Confirmation Joinder is being executed and delivered pursuant to Section 4.04 [(a)][(b)][(c)] of the Intercreditor Agreement as a condition precedent to the debt for which the undersigned is acting as representative being
entitled to the rights and subject to the obligations of being [Priority Lien Obligations][Second Lien Obligations][Additional Third Lien Obligations][Initial Third Lien Obligations] under the Intercreditor Agreement. 

1. Joinder. The undersigned,
[                    ], a [                    ],
(the “New Representative”) as [trustee] [collateral trustee] [administrative agent] [collateral agent] under that certain [describe applicable indenture, credit agreement or other document governing the [Priority Lien][Second
Lien][Initial Third Lien][Additional Third Lien] Obligations] hereby: 
 (a) represents that the New Representative has been authorized
to become a party to the Intercreditor Agreement on behalf of the [Priority Lien Secured Parties under a Priority Lien Substitute Facility] [Second Lien Secured Parties under the Second Lien Substitute Facility] [Initial Third Lien Secured Parties
under the Initial Third Lien Debt Facility] [Additional Third Lien Secured Parties under the Additional Third Lien Debt Facility] as [a Priority Lien Agent under a Priority Lien Substitute Facility] [a Second Lien Agent under a Second Lien
Substitute Facility] [a Third Lien Collateral Trustee under a Third Lien Substitute Facility] [Secured Debt Representative] [Third Lien Representative] under the Intercreditor Agreement for all purposes thereof on the terms set forth therein, and to
be bound by the terms of the Intercreditor Agreement as fully as if the undersigned had executed and delivered the Intercreditor Agreement as of the date thereof; and 

(b) agrees that its address for receiving notices pursuant to the Intercreditor Agreement shall be as follows: 

[Address]; 
 2. Priority
Confirmation. 
 [Option A: to be used if additional debt constitutes Priority Lien Debt] The undersigned New Representative, on
behalf of itself and each Priority Lien Secured Party for which the undersigned is acting as [Administrative Agent] hereby agrees, for the benefit of all Secured Parties and each future Secured Debt Representative, and as a condition to being
treated as Priority Lien Obligations under the Intercreditor Agreement, that: 

  
 Exhibit A-1 

 the New Representative is bound by the provisions of the Intercreditor Agreement, including the
provisions relating to the ranking of Priority Liens (subject, in the case of Second Liens, to the Priority Lien Cap) Second Liens and Third Liens and the order of application of proceeds from enforcement of Priority Liens (subject, in the case of
Second Liens, to the Priority Lien Cap) Second Liens and Third Liens. [or]  
 [Option B: to be used if additional debt constitutes
Second Lien Debt] The undersigned New Representative, on behalf of itself and each holder of Obligations in respect of the Second Lien Debt that constitutes a Second Lien Substitute Facility for which the undersigned is acting as [Second Lien
Agent] hereby agrees, for the benefit of all Secured Parties and each future Secured Debt Representative, and as a condition to being treated as Secured Obligations under the Intercreditor Agreement, that: 

(a) all Second Lien Obligations will be and are secured equally and ratably by all Second Liens at any time granted by NOG or any other Grantor
to secure any Obligations in respect of such Second Lien Debt, whether or not upon property otherwise constituting Collateral for such Second Lien Debt, and that all such Second Liens will be enforceable by the Second Lien Agent with respect to such
Second Lien Debt for the benefit of all Second Lien Secured Parties equally and ratably; and 
 (b) the New Representative and each holder of
Obligations in respect of Second Lien Debt for which the undersigned is acting as [Second Lien Agent] are bound by the provisions of the Intercreditor Agreement, including the provisions relating to the ranking of Priority Liens, Second Liens and
Third Liens and the order of application of proceeds from enforcement of Priority Liens, Second Liens and Third Liens; [or] 

[Option C: to be used if additional debt constitutes a Series of Third Lien Debt] The undersigned New Representative, on behalf of
itself and each holder of Obligations in respect of the Series of Third Lien Debt [that constitutes the Initial Third Lien Debt Facility] [that constitutes a Third Lien Substitute Facility] [that constitutes an Additional Third Lien Debt Facility]
for which the undersigned is acting as [Third Lien Representative] [Third Lien Collateral Trustee] hereby agrees, for the benefit of all Secured Parties and each future Secured Debt Representative, and as a condition to being treated as Secured
Obligations under the Intercreditor Agreement, that: 
 (a) all Third Lien Obligations will be and are secured equally and ratably by all
Third Liens at any time granted by NOG or any other Grantor to secure any Obligations in respect of such Series of Third Lien Debt, whether or not upon property otherwise constituting Collateral for such Series of Third Lien Debt, and that all such
Third Liens will be enforceable by the Third Lien Collateral Trustee with respect to such Series of Third Lien Debt for the benefit of all Third Lien Secured Parties equally and ratably; 

(b) the New Representative and each holder of Obligations in respect of the Series of Third Lien Debt for which the undersigned is acting as
[Third Lien Representative] [Third Lien Collateral Trustee] are bound by the provisions of the Intercreditor Agreement, including the provisions relating to the ranking of Priority Liens, Second Liens and Third Liens and the order of
application of proceeds from enforcement of Priority Liens, Second Liens and Third Liens; and 
 [(c) the New Representative and each holder
of Obligations in respect of the Series of Third Lien Debt for which the undersigned is acting as [Third Lien Representative] appoints the Third Lien Collateral Trustee and consents to the terms of the Intercreditor Agreement and the
performance by the Third Lien Collateral Trustee of, and directs the Third Lien Collateral Trustee to perform, its obligations under the Intercreditor Agreement and the Third Lien Collateral Trust Agreement, together with all such powers as are
reasonably incidental thereto.]1 
  

	1 	Necessary only in the case of an incurrence of Additional Third Lien Obligations. 

  
 Exhibit A-2 

 3. Full Force and Effect of Intercreditor Agreement. Except as expressly supplemented
hereby, the Intercreditor Agreement shall remain in full force and effect. 
 4. Governing Law and Miscellaneous Provisions. The
provisions of Article IX of the Intercreditor Agreement will apply with like effect to this Priority Confirmation Joinder. 

5. Expenses. NOG agrees to reimburse each Secured Debt Representative for its reasonable out-of-pocket expenses in connection with this Priority Confirmation Joinder, including the reasonable fees, other charges and disbursements of counsel. 

  
 Exhibit A-3 

 IN WITNESS WHEREOF, the parties hereto have caused this Priority Confirmation Joinder to be
executed by their respective officers or representatives as of [                    , 20        ]. 

 

			
	[insert name of New Representative]

 
			
		
	By:	 	 
	Name:	 	 
	Title:	 	 

 The Priority Lien Agent hereby acknowledges receipt of this Priority Confirmation Joinder [and agrees to act as Priority
Lien Agent for the New Representative and the holders of the Obligations represented thereby]: 
  

			
	  

	as Priority Lien Agent
		
	By:	 	 
	Name:	 	 
	Title:	 	 

 The Second Lien Agent hereby acknowledges receipt of this Priority Confirmation Joinder: 

 

			
	  

	as Second Lien Agent
		
	By:	 	 
	Name:	 	 
	Title:	 	 

 [The Third Lien Collateral Trustee hereby acknowledges receipt of this Priority Confirmation Joinder [and agrees to act
as Third Lien Collateral Trustee for the New Representative and the holders of the Obligations represented thereby]: 
  

			
	  

	as Third Lien Collateral Trustee
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  
 Exhibit A-4 

 
			
	Acknowledged and Agreed to by:
	
	NORTHERN OIL AND GAS, INC.

 
			
		
	By:	 	 
	Name:  	 	 
	Title:	 	 

  
 Exhibit A-5 

 EXHIBIT B 

to Intercreditor Agreement 

SECURITY DOCUMENTS 
 PART A. 

List of Priority Lien Security Documents 

[    ] 
 PART B. 

List of Second Lien Security Documents 

[    ] 
 PART C. 

List of Initial Third Lien Security Documents 

None as of the date hereof. 

  
 Exhibit B-1

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