Document:

EX-10.12

 Exhibit 10.12 

SERVICES AND SECONDMENT AGREEMENT 

among 
 PENNTEX
MIDSTREAM PARTNERS, LLC, 
 PENNTEX MIDSTREAM MANAGEMENT COMPANY, LLC, 

PENNTEX MIDSTREAM GP, LLC 

and 
 PENNTEX MIDSTREAM
PARTNERS, LP 
 Dated as of [—], 2015 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	ARTICLE 1 DEFINITIONS; INTERPRETATION	  	 	1	  
			
	 1.1
	  	Definitions	  	 	1	  
	 1.2
	  	Interpretation	  	 	1	  
	 1.3
	  	Legal Representation of Parties	  	 	2	  
	 1.4
	  	Titles and Headings	  	 	2	  
		
	ARTICLE 2 SECONDMENT	  	 	2	  
			
	 2.1
	  	Provided Personnel	  	 	2	  
	 2.2
	  	Period of Secondment	  	 	2	  
	 2.3
	  	Withdrawal, Departure or Resignation	  	 	3	  
	 2.4
	  	Termination of Secondment	  	 	3	  
	 2.5
	  	Supervision	  	 	3	  
	 2.6
	  	Provided Personnel Qualifications; Approval	  	 	4	  
	 2.7
	  	Workers Compensation	  	 	4	  
	 2.8
	  	Benefit Plans	  	 	4	  
		
	ARTICLE 3 REIMBURSEMENT FOR PROVIDED PERSONNEL	  	 	4	  
			
	 3.1
	  	Reimbursement for Provided Personnel	  	 	4	  
	 3.2
	  	Provided Personnel Expenses	  	 	4	  
	 3.3
	  	Adjustments for Period of Secondment	  	 	5	  
	 3.4
	  	Adjustments for Shared Services	  	 	5	  
		
	ARTICLE 4 ALLOCATION; RECORDS	  	 	5	  
			
	 4.1
	  	Allocation; Records	  	 	5	  
		
	ARTICLE 5 GENERAL AND ADMINISTRATIVE SERVICES	  	 	5	  
			
	 5.1
	  	General and Administrative Services Provided by Development	  	 	5	  
		
	ARTICLE 6 TERM; DEFAULT AND TERMINATION	  	 	8	  
			
	 6.1
	  	Term	  	 	8	  
	 6.2
	  	Default	  	 	8	  
	 6.3
	  	Termination	  	 	8	  
		
	ARTICLE 7 INDEMNIFICATION	  	 	8	  
			
	 7.1
	  	Indemnification by Development and Subsidiaries	  	 	8	  
	 7.2
	  	Indemnification Procedures	  	 	9	  
		
	ARTICLE 8 GENERAL PROVISIONS	  	 	10	  
			
	 8.1
	  	Accuracy of Recitals	  	 	10	  
	 8.2
	  	Notices	  	 	10	  
	 8.3
	  	Further Assurances	  	 	11	  
	 8.4
	  	Modifications	  	 	11	  
	 8.5
	  	No Third Party Beneficiaries	  	 	11	  

							
	 8.6
		Relationship of the Parties		 	11	  
	 8.7
		Assignment		 	11	  
	 8.8
		Binding Effect		 	11	  
	 8.9
		Counterparts		 	11	  
	 8.10
		Time of the Essence		 	11	  
	 8.11
		Governing Law		 	11	  
	 8.12
		Delay or Partial Exercise Not Waiver		 	11	  
	 8.13
		Entire Agreement		 	11	  
	 8.14
		Waiver		 	12	  
	 8.15
		Signatories Duly Authorized		 	12	  
	 8.16
		Incorporation of Exhibits and Schedules by References		 	12	  
	 8.17
		Arbitration		 	12	  

 SCHEDULES AND EXHIBITS 
  

			
	Schedule 5.1(a)		General and Administrative Services Provided by Development
	Exhibit A		Definitions
	Exhibit B		Provided Personnel
	Exhibit C		Addition/Removal/Change of Responsibility of Provided Personnel Form

  
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 SERVICES AND SECONDMENT AGREEMENT 

This Services and Secondment Agreement (“Agreement”), dated as of [•], 2015 (the “Effective
Date”), is entered into among PennTex Midstream Partners, LLC, a Delaware limited liability company (“Development”), PennTex Midstream Management Company, LLC, a Delaware limited liability company
(“Admin”), PennTex Midstream GP, LLC, a Delaware limited liability company (the “General Partner”), and PennTex Midstream Partners, LP, a Delaware limited partnership (the
“Partnership”). Each of Development, Admin, the General Partner and the Partnership is sometimes referred to herein as a “Party” and collectively as the “Parties.” 

RECITALS: 
 WHEREAS, the
General Partner is the sole general partner of the Partnership; 
 WHEREAS, the Partnership owns 100% of the limited liability company
interests in PennTex Midstream Operating, LLC, a Delaware limited liability company (“Midstream Operating”); 

WHEREAS, PennTex North Louisiana, LLC, a Delaware limited liability company (“PennTex Operating”), owns and will
operate certain midstream natural gas and natural gas liquids gathering, processing and transportation assets, including natural gas processing plants located in Lincoln Parish, Louisiana and certain related pipelines (collectively, the
“Assets”); 
 WHEREAS, pursuant to that certain Contribution, Conveyance and Assumption Agreement, dated as of
[•], 2015, (i) PennTex NLA Holdings, LLC, a Delaware limited liability company, and MRD WHR LA Midstream LLC, a Delaware limited liability company, have contributed their respective limited liability company interests in PennTex
Operating to the Partnership and (ii) the Partnership has contributed all of such limited liability company interests in PennTex Operating to Midstream Operating; 

WHEREAS, Admin desires to second to the General Partner certain personnel who will be responsible for managing and operating the Assets; and

 WHEREAS, Development will provide the General Partner, on behalf of the Partnership Group, certain centralized partnership and
administrative services. 
 NOW THEREFORE, in consideration of the premises and the mutual covenants and agreements contained herein, and
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 

ARTICLE 1 
 DEFINITIONS;
INTERPRETATION 
 1.1 Definitions. As used in this Agreement, (a) the terms defined in this Agreement will have the meanings
so specified, and (b) capitalized terms not defined in this Agreement will have the meanings ascribed to those terms on Exhibit A to this Agreement. 

1.2 Interpretation. In this Agreement, unless a clear contrary intention appears: (a) the singular includes the plural and vice
versa; (b) reference to any Person includes such Person’s successors and assigns but, in the case of a Party, only if such successors and assigns are permitted by this Agreement, and reference to a Person in a particular capacity excludes
such Person in any other capacity; (c) reference to any gender includes each other gender; (d) reference to any agreement (including this Agreement), document or instrument means such agreement, document, or instrument as amended or
modified and in effect from time to time in accordance with the terms thereof and, if applicable, the terms of this Agreement; (e) reference to any Section means such Section of this Agreement, and references in any 

  
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Section or definition to any clause means such clause of such Section or definition; (f) “hereunder,” “hereof,” “hereto” and words of similar import will be
deemed references to this Agreement as a whole and not to any particular Section or other provision hereof or thereof; (g) “including” (and with correlative meaning “include”) means including without limiting the generality
of any description preceding such term; and (h) relative to the determination of any period of time, “from” means “from and including,” “to” means “to but excluding” and “through” means
“through and including.” 
 1.3 Legal Representation of Parties. This Agreement was negotiated by the Parties with the
benefit of legal representation, and any rule of construction or interpretation requiring this Agreement to be construed or interpreted against any Party merely because such Party drafted all or a part of such Agreement will not apply to any
construction or interpretation hereof or thereof. 
 1.4 Titles and Headings. Section titles and headings in this Agreement are
inserted for convenience of reference only and are not intended to be a part of, or to affect the meaning or interpretation of, this Agreement. 

ARTICLE 2 
 SECONDMENT

 2.1 Provided Personnel. Subject to the terms of this Agreement, Admin agrees to second, or cause its Affiliates to second, to
the General Partner, and the General Partner agrees to accept the Secondment of, those certain specifically identified individuals (the “Provided Personnel”) listed in Exhibit B (the “Provided Personnel
Schedule”) for the purpose of performing job functions related to the Assets (the “Personnel Services”). The Provided Personnel will remain employees of Admin during the Period of Secondment; however, at all
times during the Period of Secondment (and with respect to Shared Provided Personnel, during those times that the Shared Provided Personnel are performing services for the General Partner hereunder), the Provided Personnel shall work solely under
the direction, supervision and control of the General Partner. No Provided Personnel shall have authority or apparent authority to act on behalf of Admin during any period such individual is under the direction, supervision or control of the General
Partner. Individuals may be added or removed from the Provided Personnel Schedule from time to time by the execution by Admin and the General Partner of a completed “Addition/Removal/Change of Responsibility of Provided Personnel” form,
the form of which is attached to this Agreement as Exhibit C, which will be fully binding on Admin and the General Partner for all purposes under this Agreement. Those rights and obligations of Admin and the General Partner under this
Agreement that relate to individuals that were on the Provided Personnel Schedule but then later removed from the Provided Personnel Schedule, which rights and obligations accrued before the removal of such individual, will survive the removal of
such individual from the Provided Personnel Schedule to the extent necessary to enforce such rights and obligations. 
 2.2 Period of
Secondment. Admin will second, or cause its applicable Affiliate (such affiliate, a “Seconding Affiliate”) to second, to the General Partner the Provided Personnel on the Effective Date and continuing, during the period
(and only during the period) that the Provided Personnel are performing services for the General Partner, until the earlier of: 

(a) the end of the term of this Agreement; 

(b) such end date as is mutually agreed in writing by Admin and the General Partner; 

(c) a withdrawal, departure, resignation or termination of such Provided Personnel under Section 2.3; or 

  
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 (d) a termination of Secondment of such Provided Personnel under
Section 2.4. 
 The period of time that any Provided Personnel is provided by Admin to the General Partner is referred to in
this Agreement as the “Period of Secondment.” At the end of the Period of Secondment for any Provided Personnel, such Provided Personnel will no longer be subject to the supervision, control or direction of the General
Partner. Admin and the General Partner acknowledge that certain of the Provided Personnel may also provide services to Admin and its Affiliates in connection with their respective operations unrelated to the General Partner (“Shared
Provided Personnel”), and Admin and the General Partner intend that such Shared Provided Personnel shall only be seconded to the General Partner during those times that the Shared Provided Personnel are performing services for the
General Partner hereunder. 
 2.3 Withdrawal, Departure or Resignation. If any Provided Personnel tenders his resignation to Admin as
an employee of Admin, Admin will promptly notify the General Partner. During the Period of Secondment of any Provided Personnel, Admin will not voluntarily withdraw or terminate any Provided Personnel except for terminations for cause (as reasonably
determined by Admin) or with the written consent of the General Partner (which may be through the execution of a completed “Addition/Removal/Change of Responsibility of Provided Personnel” form as set forth on Exhibit C), such
consent not to be unreasonably withheld, conditioned or delayed. Upon the termination of employment, the Provided Personnel will cease performing services for the General Partner. 

2.4 Termination of Secondment. The General Partner will have the right to terminate the Secondment to the General Partner of any
Provided Personnel for any reason at any time in accordance with the policies and procedures of Admin. Upon the termination of the Period of Secondment for any Provided Personnel other than the Shared Provided Personnel, the General Partner shall be
responsible for reimbursing Admin for any and all severance costs or other expenses (which, for the avoidance of doubt, shall constitute Provided Personnel Expenses hereunder) associated with the termination of such Provided Personnel’s
employment by Admin, provided that such termination of employment occurs within thirty (30) calendar days following the termination of the applicable Period of Secondment. Upon the termination of a Secondment, the Provided Personnel will cease
performing services for the General Partner. 
 2.5 Supervision. During the Period of Secondment, the General Partner shall: 

(a) be ultimately and fully responsible for the daily work assignments of the Provided Personnel (and with respect to Shared
Provided Personnel, during those times that the Shared Provided Personnel are performing services for the General Partner hereunder), including supervision of their the day-to-day work activities and performance consistent with the purposes stated
in Section 2.1 and the job functions set forth in the Provided Personnel Schedule; 
 (b) subject to Admin’s
policies and procedures, set the hours of work and the holidays and vacation schedules for Provided Personnel (other than with respect to Shared Provided Personnel, as to which the General Partner and Admin shall jointly determine); and 

(c) have the right to determine training which will be received by the Provided Personnel. 

In the course and scope of performing any Provided Personnel job functions, the Provided Personnel will be integrated into the organization of
the General Partner, will report into the General Partner’s management structure and will be under the direct management and supervision of the General Partner. 

  
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 2.6 Provided Personnel Qualifications; Approval. Admin will provide such suitably
qualified and experienced Provided Personnel as Admin is able to make available to the General Partner, and the General Partner will have the right to approve such Provided Personnel. 

2.7 Workers Compensation. At all times, Admin will maintain workers’ compensation or similar insurance (either through an insurance
company or self-insured arrangement) applicable to the Provided Personnel, as required by applicable state and federal workers’ compensation and similar laws, and will name the General Partner as an additional named insured under each such
insurance policy. 
 2.8 Benefit Plans. Neither the General Partner nor any Partnership Group Member shall be deemed to be a
participating employer in any Benefit Plan during the Period of Secondment. Subject to the General Partner’s reimbursement obligations hereunder, Admin (or its ERISA Affiliate) shall remain solely responsible for all obligations and liabilities
arising under the express terms of the Benefit Plans, and the Provided Personnel will be covered under the Benefit Plans subject to and in accordance with their respective terms and conditions, as they may be amended from time to time. Admin and its
ERISA Affiliates may amend or terminate any Benefit Plan in whole or in part at any time. During the Period of Secondment, neither the General Partner nor any Partnership Group Member shall assume any Benefit Plan or have any obligations,
liabilities or rights arising under the Benefit Plans, in each case except for cost reimbursement pursuant to this Agreement. 
 ARTICLE 3

 REIMBURSEMENT FOR PROVIDED PERSONNEL 

3.1 Reimbursement for Provided Personnel. On or before the fifteenth (15th) business day after the end of each month during the
Period of Secondment, Admin shall send an itemized invoice (in a form mutually agreed upon by the General Partner and Admin) to the General Partner detailing all reimbursable expenses under Section 3.2, as incurred by Admin with respect
to the Provided Personnel in connection with the performance of the Personnel Services during the preceding month (the “Services Reimbursement”). The General Partner shall, within fifteen (15) business days of receipt,
pay such invoice, except for any amounts therein being disputed in good faith by the General Partner. Any amounts that the General Partner has disputed in good faith and that are later determined by any arbitrator, court or other competent authority
having jurisdiction, or by agreement of Admin and the General Partner, to be owing from the General Partner to Admin shall be paid in full within fifteen (15) business days of such determination, together with interest thereon at the Interest
Rate from the date due under the original invoice until the date of payment. 
 3.2 Provided Personnel Expenses. Subject to
Section 3.3 and Section 3.4, the Services Reimbursement for each month during the Period of Secondment shall include all reasonable costs and expenses incurred for such month by Admin for the Provided Personnel (collectively,
the “Provided Personnel Expenses”), including, but not limited to, the following: 
 (a) salaries,
wages, bonuses or commissions (including payroll and withholding taxes associated therewith) of Provided Personnel; 
 (b)
the cost of providing the Benefit Plans to Provided Personnel; 
 (c) the cost of providing workers’ compensation
coverage and/or benefits to Provided Personnel; and 
 (d) reimbursable business expenses of Provided Personnel. 

  
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 Where it is not reasonably practicable to determine the amount of any Provided Personnel
Expenses, Admin and the General Partner shall mutually agree on the method of determining or estimating such amount, which may include the application of an agreed percentage benefit load to a Provided Personnel’s salary and wages in order to
value certain of the benefits listed above. If the actual amount of any cost or expense, once known, varies from the estimate used for billing purposes hereunder, the difference, once determined, shall be reflected as either a credit or additional
charge in the next monthly invoice issued by Admin, or in such manner as may otherwise be agreed between Admin and the General Partner. 

3.3 Adjustments for Period of Secondment. It is understood and agreed that the General Partner shall be liable for Provided Personnel
Expenses to the extent, and only to the extent, they are attributable to the Period of Secondment. As such, if the Period of Secondment begins on other than the first day of a month or ends on other than the last day of a month, the Provided
Personnel Expenses for such month shall be prorated based on the number of days during such month that the Period of Secondment was in effect. 

3.4 Adjustments for Shared Services. With respect to each Provided Personnel who is a Shared Provided Personnel, Admin (or its
applicable Seconding Affiliate) will determine in good faith the percentage of such Shared Provided Personnel’s time spent providing services to the General Partner (the “Allocation Percentage”). For each month during
the Period of Secondment, the amount of the Services Reimbursement payable by the General Partner with respect to each Shared Provided Personnel shall be calculated by multiplying the Provided Personnel Expenses for such Shared Provided Personnel by
the Allocation Percentage for such Shared Provided Personnel. 
 ARTICLE 4 

ALLOCATION; RECORDS 
 4.1
Allocation; Records. Admin will use commercially reasonable efforts to maintain an allocation schedule reflecting the direct and indirect costs of the Provided Personnel Expenses based on the services that the Provided Personnel have provided
to the General Partner in relation to the Assets. The General Partner will use commercially reasonable efforts to keep and maintain books/records reflecting hours worked and costs and expenses incurred in connection with each of the Provided
Personnel. The General Partner and its representatives will have the right to audit such records and such other records as the General Partner may reasonably require in connection with its verification of the Provided Personnel Expenses during
regular business hours and on reasonable prior notice. 
 ARTICLE 5 

GENERAL AND ADMINISTRATIVE SERVICES 

5.1 General and Administrative Services Provided by Development. 

(a) Development agrees to provide, and agrees to cause its Affiliates to provide, to the General Partner, for the Partnership
Group’s benefit, certain centralized partnership and administrative services related to the Partnership’s ownership and operation of the Assets, including, without limitation, the general and administrative services listed on
Schedule 5.1(a) to this Agreement (collectively, the “G&A Services”). At the General Partner’s request from time to time, Development shall consult with the General Partner and provide such information as may be
reasonably requested by the General Partner with respect to the performance of the G&A Services. The Partnership shall have the right to terminate any or all of the G&A Services, without penalty, upon thirty (30) days’ prior
written notice to Development. 
 (b) As consideration for the provision of G&A Services, the Partnership will pay
Development an administrative fee (the “Administrative Fee”). For the period from the Effective Date through the end of the 2016 fiscal year, the Administrative Fee shall be payable on or before the fifteenth (15th) business
day of each month and be calculated as follows: 
 (i) for the period from and including the Effective Date to and including [•], 2015
the Administrative Fee shall be $2,778 per day; 
 (ii) for each calendar month after [•], 2015 to and including the Mt. Olive
Commencement Month, the Administrative Fee shall be $83,333 per month; 
 (iii) for each calendar month after the Mt. Olive Commencement
Month to and including the month of December 2015, the Administrative Fee shall be $166,667 per month; 
 (iv) for each calendar month during
the first six months of the 2016 fiscal year, the Administrative Fee shall be $250,000; and 
 (v) for each calendar month during the last
six months of the 2016 fiscal year, the Administrative Fee shall be $333,333. 
         (c) With
respect to the 2017 fiscal year and each subsequent year through the end of the term of this Agreement, Development and the General Partner shall negotiate in good faith and mutually agree on an annual Administrative Fee for the upcoming year, which
shall be payable in equal monthly installments on or before the fifteenth (15th) business day of each month. If Development and the General Partner are unable to agree on the amount of the Administrative Fee for an upcoming year on or prior to
December 1 of the preceding year, then the Administrative Fee for such upcoming year shall equal the Administrative Fee for the preceding year (or, with respect to the 2017 fiscal year, $4.0 million) as increased by a percentage equal to the change
in the Producer Price Index over the previous 12 calendar months; provided, however, that if Development and the General Partner are unable to agree on the amount of the Administrative Fee on or prior to March 31, then Development
shall have the right to terminate the G&A Services, without penalty. If the Agreement is not terminated and Development and the General Partner agree on the amount of the Administrative Fee, then Development shall thereafter charge such
agreed-upon Administrative Fee for the remainder of the year. 

  
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 (d) The Partnership shall reimburse Development for all other direct or allocated
costs and expenses incurred by Development on behalf of the Partnership Group including, but not limited to: 
 (i) salaries, wages, bonuses
or commissions (including payroll and withholding taxes associated therewith) of employees of Development and its Affiliates (other than the Provided Personnel) who devote more than 50% of their business time to the business and affairs of the
Partnership Group, to the extent, but only to the extent, such employees perform services for the Partnership Group as determined in good faith by Development based on Development’s reasonable allocation methodologies as in effect from time to
time; 
 (ii) the cost of employee benefits relating to employees of Development and its Affiliates (other than the Provided Personnel) who
devote more than 50% of their business time to the business and affairs of the Partnership Group, including 401(k), pension, bonuses and health insurance benefits, to the extent, but only to the extent, such employees perform services for the
Partnership Group as determined in good faith by Development based on Development’s reasonable allocation methodologies as in effect from time to time; 

  
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 (iii) any expenses incurred or payments made by Development for insurance coverage with respect
to the Assets or the business of the Partnership Group; 
 (iv) all expenses and expenditures incurred by Development as a result of the
Partnership becoming and continuing as a publicly traded entity, including, but not limited to, costs associated with annual and quarterly reports, independent auditor fees, partnership governance and compliance, registrar and transfer agent fees,
tax return and Schedule K-1 preparation and distribution, legal fees and independent director compensation; 
 (v) all sales, use,
excise, value added or similar taxes, if any, that may be applicable from time to time with respect to the G&A Services provided by Development to the Partnership Group pursuant to Section 5.1(a); and 

(vi) all costs for outside services, including any third-party legal, consulting, tax and accounting services not included in clause
(iv) above, that are incurred for the Partnership Group’s benefit. 
 On or before the fifteenth (15th) business day
after the end of each month during the term of this Agreement, Development shall send an itemized invoice (in a form mutually agreed upon by Development and the Partnership) to the Partnership detailing all reimbursable expenses under this
Section 5.1(d) incurred by Development during the preceding month. The Partnership shall, within fifteen (15) business days of receipt, pay such invoice, except for any amounts therein being disputed in good faith by the
Partnership. Any amounts that the Partnership has disputed in good faith and that are later determined by any court or other competent authority having jurisdiction, or by agreement of Development and the Partnership, to be owing from the
Partnership to Development shall be paid in full within fifteen (15) business days of such determination, together with interest thereon at the Interest Rate from the date due under the original invoice until the date of payment. For the
avoidance of doubt, the costs and expenses set forth in this Section 5.1(d) shall be paid by the Partnership in addition to, and not as a part of or included in, the Administrative Fee. 

Development does not make any representations or warranties of any kind, express or implied, with respect to the services (including the
G&A Services) to be provided under this Article 5, except that the services shall be provided in a reasonably timely manner by personnel that Development deems to be competent and qualified to perform such services. 

ARTICLE 6 
 TERM; DEFAULT
AND TERMINATION 
 6.1 Term. The term of this Agreement will commence on the Effective Date and will continue for an initial
period of ten (10) years. Upon the expiration of the initial ten-year period, the term of this Agreement shall automatically extend for an additional five-year period, unless either Party provides at least 30 days’ prior written notice to
the other Party prior to the expiration of such initial period that the Party wishes for this Agreement to expire at the end of the initial ten-year period. After the initial five-year renewal period, the term of this Agreement shall automatically
extend for additional five-year periods, unless either Party provides prior written notice at least 30 days prior to the expiration of the applicable five-year period, that the Party wishes for this Agreement to expire at the end of such five-year
period. Upon proper notice by a Party to the other Party, in accordance with this Article 6, that the Party 

  
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wishes for this Agreement to expire on the expiration of the applicable five- or ten-year period, this Agreement shall not automatically extend, but shall instead expire upon the expiration of
the five- or ten-year period and only those provisions that, by their terms, expressly survive this Agreement shall so survive. 
 6.2
Default. A Party shall be in default under this Agreement if: (a) it fails to perform a material obligation and (b) such failure continues for a period of thirty (30) days after notice thereof or, if such failure cannot
reasonably be cured within such thirty (30) day period, such longer period (not to exceed sixty (60) days) so long as such Party is diligently and continuously engaged in curing such failure. In the event a Party is in default of this
Agreement, the non-defaulting Party may terminate this Agreement upon notice to the defaulting Party or submit any claims regarding the defaulting Party’s non-performance to arbitration in accordance with Section 8.17, which, for
the avoidance of doubt, permits the non-defaulting Party to seek interim relief and specific performance in connection with such arbitration proceedings. 

6.3 Termination. This Agreement may be terminated as follows, and only those provisions that, by their terms, expressly survive this
Agreement shall so survive: 
 (a) by the Partnership Group at any time upon thirty (30) days’ prior written notice
to Admin or Development; 
 (b) by any Party upon a default of this Agreement by any other Party that has an obligation to
such Party; or 
 (c) by any Party at any time upon a Partnership Change of Control. 

Any termination pursuant to this Section 6.3 shall be evidenced by a notice given by the Party effectuating such termination. 

ARTICLE 7 

INDEMNIFICATION 
 7.1
Indemnification by Development and Subsidiaries. Development and its Subsidiaries shall indemnify, protect and defend the Partnership Group and all of the officers, directors, employees and agents of any Partnership Group Member (each, an
“Indemnified Party” and, collectively, the “Indemnified Parties”) against, and hold the Indemnified Parties harmless from, any and against all losses (including lost profits), costs, damages, injuries,
taxes, penalties, interests, expenses, obligations, claims and liabilities (joint or severable) of any kind or nature whatsoever (collectively, the “Claims”) that are incurred by such Indemnified Parties in connection with,
relating to or arising out of (a) the breach by Development or any of its Subsidiaries, or their respective directors, officers, employees, agents, contractors, subcontractors or consultants of any term or condition of this Agreement, or
(b) the performance of any services under this Agreement; provided, however, that Development and its Subsidiaries shall not be obligated to indemnify, reimburse, defend or hold harmless any Indemnified Party for any Claims
incurred by such Indemnified Party in connection with, relating to or arising out of (i) a breach by such Indemnified Party of this Agreement, (ii) the gross negligence, willful misconduct, bad faith or reckless disregard of such
Indemnified Party with respect to any services provided under this Agreement or (iii) the fraudulent or dishonest acts of such Indemnified Party. 

  
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 7.2 Indemnification Procedures. 

(a) An Indemnified Party agrees that promptly after it becomes aware of facts giving rise to a Claim under this Article
7, it will provide notice thereof to Admin or Development, as applicable, pursuant to Section 7.1 (the “Indemnifying Party”), specifying the nature of and specific basis for such claim, copies of all
correspondence with third parties, Governmental Authorities or other individuals relating to the claim, and other relevant information reasonably requested by the Indemnifying Party. 

(b) The Indemnifying Party shall have the right to control all aspects of the response to and/or defense of (and any
counterclaims with respect to) any Claims brought against the Indemnified Party that are covered by the indemnification under this Article 7, including correspondence and negotiation with Governmental Authorities, the selection of counsel and
engineering and other consultants, determination of the scope of and approach to any investigation or remediation, determination of whether to appeal any decision of any court, determination of whether to enter into any voluntary agreement with any
Governmental Authority, and the settling of any such matter or any issues relating thereto; provided, however, that no such settlement shall be entered into without the consent of the Indemnified Party unless it includes a full release
of the Indemnified Party from such matter or issues, as the case may be. 
 (c) The Indemnified Party agrees to cooperate
fully with the Indemnifying Party, with respect to all aspects of the defense of any Claims covered by the indemnification under this Article 7, including the prompt furnishing to the Indemnifying Party of any correspondence or other notice
relating thereto that the Indemnified Party may receive, permitting the name of the Indemnified Party to be utilized in connection with such defense, the making available to the Indemnifying Party of any files, records or other information of the
Indemnified Party that the Indemnifying Party considers relevant to such defense and the making available to the Indemnifying Party of any employees of the Indemnified Party; provided, however, that in connection therewith the
Indemnifying Party agrees to use reasonable efforts to minimize the impact thereof on the operations of the Indemnified Party and further agrees to maintain the confidentiality of all files, records, and other information furnished by the
Indemnified Party pursuant to this Section 7.2. In no event shall the obligation of the Indemnified Party to cooperate with the Indemnifying Party as set forth in the immediately preceding sentence be construed as imposing upon the
Indemnified Party an obligation to hire and pay for counsel in connection with the defense of any Claims covered by the indemnification set forth in this Article 7; provided, however, that the Indemnified Party may, at its own option,
cost and expense, hire and pay for counsel in connection with any such defense. The Indemnifying Party agrees to keep any such counsel hired by the Indemnified Party informed as to the status of any such defense, but the Indemnifying Party shall
have the right to retain sole control over such defense. 
 (d) In determining the amount of any loss, cost, damage or
expense for which the Indemnified Party is entitled to indemnification under this Agreement, the gross amount of the indemnification will be reduced by (i) any insurance proceeds realized by the Indemnified Party, and such correlative insurance
benefit shall be net of any incremental insurance premiums that become due and payable by the Indemnified Party as a result of such claim and (ii) all amounts recovered by the Indemnified Party under contractual indemnities from third Persons.

 ARTICLE 8 
 GENERAL
PROVISIONS 
 8.1 Accuracy of Recitals. The paragraphs contained in the recitals to this Agreement are incorporated in this
Agreement by this reference, and the Parties to this Agreement acknowledge the accuracy thereof. 

  
 9 

 8.2 Notices. Any notice, demand, or communication required or permitted under this
Agreement shall be in writing and delivered personally, by reputable courier, or by facsimile, and shall be deemed to have been duly given as of the date and time reflected on the delivery receipt if delivered personally or sent by reputable courier
service, or on the automatic telecopier receipt if sent by telecopier, addressed as follows: 
 Development: 

PennTex Midstream Partners, LLC 

11931 Wickchester Ln., Suite 300 

Houston, TX 77043 
 Attn:
Stephen M. Moore 
 Facsimile: (832) 456-4050 

Admin: 
 PennTex
Midstream Management Company, LLC 
 11931 Wickchester Ln., Suite 300 

Houston, TX 77043 
 Attn:
Stephen M. Moore 
 Facsimile: (832) 456-4050 

General Partner: 

PennTex Midstream GP, LLC 

11931 Wickchester Ln., Suite 300 

Houston, TX 77043 
 Attn:
Stephen M. Moore 
 Facsimile: (832) 456-4050 

Partnership: 
 PennTex
Midstream Partners, LP 
 11931 Wickchester Ln., Suite 300 

Houston, TX 77043 
 Attn:
Stephen M. Moore 
 Facsimile: (832) 456-4050 

A Party may change its address for the purposes of notices hereunder by giving notice to the other Parties specifying such changed address in the manner
specified in this Section 8.2. 
 8.3 Further Assurances. The Parties agree to execute such additional instruments,
agreements and documents, and to take such other actions, as may be necessary to effect the purposes of this Agreement. 
 8.4
Modifications. Any actions or agreement by the Parties to modify this Agreement, in whole or in part, shall be binding upon the Parties, so long as such modification shall be in writing and shall be executed by all Parties with the same
formality with which this Agreement was executed. 
 8.5 No Third Party Beneficiaries. No Person not a Party to this Agreement will
have any rights under this Agreement as a third party beneficiary or otherwise, including, without limitation, Provided Personnel. 

  
 10 

 8.6 Relationship of the Parties. Nothing in this Agreement will constitute any Partnership
Group Member, Development, Admin or their respective Affiliates as members of any partnership, joint venture, association, syndicate or other entity. 

8.7 Assignment. No Party will, without the prior written consent of the other Parties, which consent shall not be unreasonably withheld,
assign, mortgage, pledge or otherwise convey this Agreement or any of its rights or duties hereunder; provided, however, that (a) a Party may assign or convey this Agreement without the prior written consent of the other Parties
to an Affiliate and (b) the Partnership may make a collateral assignment of this Agreement to secure financing for the Partnership Group without the prior written consent of the other Parties. Unless written consent is not required under this
Section 8.7, any attempted or purported assignment, mortgage, pledge or conveyance by a Party without the written consent of the other Parties shall be void and of no force and effect. No assignment, mortgage, pledge or other conveyance
by a Party shall relieve the Party of any liabilities or obligations under this Agreement. 
 8.8 Binding Effect. This Agreement will
be binding upon, and will inure to the benefit of, the Parties and their respective successors, permitted assigns and legal representatives. 

8.9 Counterparts. This Agreement may be executed in any number of counterparts, each of which will be deemed to be an original, and all
of which together shall constitute one and the same Agreement. Each Party may execute this Agreement by signing any such counterpart. 
 8.10
Time of the Essence. Time is of the essence in the performance of this Agreement. 
 8.11 Governing Law. This Agreement shall
be deemed to be a contract made under, and for all purposes shall be construed in accordance with and governed by, the laws of the State of Delaware excluding its conflicts of laws principles that would apply the laws of another jurisdiction, except
that the arbitration agreement in Section 8.17 and any arbitration shall be governed by the Federal Arbitration Act, Chapters 1 and 2, to the exclusion of state law inconsistent therewith. 

8.12 Delay or Partial Exercise Not Waiver. No failure or delay on the part of any Party to exercise any right or remedy under this
Agreement will operate as a waiver thereof; nor shall any single or partial exercise of any right or remedy under this Agreement preclude any other or further exercise thereof or the exercise of any other right or remedy granted hereby or any
related document. The waiver by a Party of a breach of any provisions of this Agreement will not constitute a waiver of a similar breach in the future or of any other breach or nullify the effectiveness of such provision. 

8.13 Entire Agreement. This Agreement constitutes and expresses the entire agreement between the Parties with respect to the subject
matter hereof. All previous discussions, promises, representations and understandings relative thereto are hereby merged in and superseded by this Agreement. 

8.14 Waiver. To be effective, any waiver or any right under this Agreement will be in writing and signed by a duly authorized officer or
representative of the Party bound thereby. 
 8.15 Signatories Duly Authorized. Each of the signatories to this Agreement represents
that he is duly authorized to execute this Agreement on behalf of the Party for which he is signing, and that such signature is sufficient to bind the Party purportedly represented. 

  
 11 

 8.16 Incorporation of Exhibits and Schedules by References. Any reference herein to any
exhibit or schedule to this Agreement will incorporate it herein, as if it were set out in full in the text of this Agreement. 
 8.17
Arbitration. Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration administered by the American Arbitration Association in accordance with its Commercial Arbitration
Rules and judgment on the award rendered by the arbitrators may be entered in any court having jurisdiction thereof. The place of arbitration shall be Houston, Texas, and the hearings shall be conducted in Houston, Texas. If the claim in the demand
for arbitration is less than $1 million, there shall be one (1) arbitrator; otherwise, there shall be three (3) arbitrators. In the case of one (1) arbitrator, the arbitrator shall be jointly appointed by the Parties within thirty
(30) days of the filing of the demand for arbitration. In the case of three (3) arbitrators, one shall be appointed by the claimant(s) in the demand for arbitration, the second appointed by the respondent(s) within thirty (30) days of
receipt of the demand for arbitration, and the third, who shall act as chairman of the arbitral tribunal, appointed by the Parties within thirty (30) days of the appointment of the second arbitrator. If any arbitrators are not appointed within
these time periods, the American Arbitration Association shall make the appointment(s). All arbitrators must (a) be neutral parties who have never been officers, directors or employees of any Partnership Group Member, Development, Admin or
their respective Affiliates and (b) have not less than seven years’ experience in the energy industry. An arbitral tribunal constituted under this agreement may, unless consolidation would prejudice the rights of any Party, consolidate an
arbitration hereunder with arbitration under the Omnibus Agreement if the arbitration proceedings raise common questions of law or fact. If two or more arbitral tribunals under these agreements issue consolidation orders, the order issued first
shall prevail. The award shall be made within twelve months of the filing of the notice of intention to arbitrate (demand), and the arbitrators shall agree to comply with this schedule before accepting appointment. However, this time limit may be
extended by the arbitrators for good cause shown, or by mutual agreement of the Parties. The arbitrators shall have no right to grant or award indirect, consequential, punitive or exemplary damages of any kind. The award of the arbitrators shall be
accompanied by a reasoned opinion. Except as may be required by law, neither a Party nor an arbitrator may disclose the existence, content, or results of any arbitration hereunder without the prior written consent of the other Parties. 

[Signature page follows] 

  
 12 

 AS WITNESS HEREOF, the Parties have caused this Agreement to be executed by their duly authorized
representatives on the date herein above mentioned. 
  

			
	PennTex Midstream Partners, LLC
		
	By:		  

	Name:		Steven R. Jones
	Title:		Chief Financial Officer
	
	PennTex Midstream Management Company, LLC
		
	By:		  

	Name:		
	Title:		
	
	PennTex Midstream GP, LLC
		
	By:		  

	Name:		Steven R. Jones
	Title:		Chief Financial Officer
	
	PennTex Midstream Partners, LP
	
	By: PennTex Midstream GP, LLC, its general partner
		
	By:		  

	Name:		Steven R. Jones
	Title:		Chief Financial Officer

 Signature Page to Services and Secondment Agreement 

 SCHEDULE 5.1(a) 

General and Administrative Services Provided by Development 

 

	(i)	Executive services of employees of the General Partner who devote less than 50% of their business time to the business and affairs of the Partnership Group 

 

	(ii)	Financial and administrative services (including treasury and accounting) 

  

	(iii)	Information technology 

  

	(iv)	Legal services 

  

	(v)	Health, safety and environmental services 

  

	(vi)	Human resources services 

  

	(vii)	Business development services 

  

	(viii)	Investor relations and government relations 

  

	(ix)	Tax matters 

  

	(x)	Insurance administration 

  
 Schedule 5.1(a) 

 EXHIBIT A 

Definitions 

“Admin” has the meaning set forth in the preamble to this Agreement. 

“Administrative Fee” has the meaning set forth in Section 5.1(b). 

“Affiliate” means, with respect to any Person, (a) any other Person directly or indirectly Controlling,
Controlled By or under common control with such Person, (b) any Person owning or controlling fifty percent (50%) or more of the voting interests of such Person, (c) any officer or director of such Person, or (d) any Person who is
the officer, director, trustee, or holder of fifty percent (50%) or more of the voting interest of any Person described in clauses (a) through (c). For purposes of this definition, the term “controls,” “is
controlled by” or “is under common control with” shall mean the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of Voting
Securities, by contract or otherwise. For purposes of this Agreement, no Partnership Group Member shall be deemed to be an Affiliate of Development or Admin nor shall Development or Admin be deemed to be an Affiliate of any Partnership Group Member
or of each other. 
 “Agreement” shall mean this Services and Secondment Agreement, including all Exhibits,
Schedules and amendments to this Agreement. 
 “Applicable Law” means all statutes, regulations, rules, ordinances,
codes, licenses, permits, orders, approvals and rules of common law of each Governmental Authority having jurisdiction over the Parties, including Environmental Laws, all health, building, fire, safety and other codes, ordinances and requirements,
in each case, as amended, and any judicial or administrative interpretation thereof, including any judicial or administrative order, consent, decree, judgment or settlement; in each case, as applicable to any Party or the Assets. 

“Assets” has the meaning set forth in the Recitals to this Agreement. 

“Allocation Percentage” has the meaning set forth in Section 3.4. 

“Benefit Plans” means each employee benefit plan, as defined in Section 3(3) of ERISA, and any other plan,
policy, program, practice, agreement, understanding or arrangement (whether written or oral) providing compensation or other benefits to any Provided Personnel (or to any dependent or beneficiary thereof), including, without limitation, any
equity-based compensation, bonus or incentive compensation, deferred compensation, profit sharing, holiday, cafeteria, medical, disability or other employee benefit plan, program, policy, agreement or arrangement sponsored, maintained, or
contributed to by Admin or any of its ERISA Affiliates, or under which Admin or any of its ERISA Affiliates may have any obligation or liability, whether actual or contingent, in respect of or for the benefit of any Provided Personnel. 

“Claims” has the meaning set forth in Section 7.1. 

“Control” (including with correlative meaning, the term “Controlled by”) means, as used with
respect to any Person, the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through the ownership of a majority of the Voting Securities, by contract or
otherwise. 

  
 Exhibit A-1 

 “Development” has the meaning set forth in the preamble to this
Agreement. 
 “Effective Date” has the meaning set forth in the preamble to this Agreement. 

“Environmental Laws” means all federal, state, and local laws, statutes, rules, regulations, orders, judgments,
ordinances, codes, injunctions, decrees, permits and other legally enforceable requirements and rules of common law now or hereafter in effect, relating to (a) pollution or protection of human health, natural resources, wildlife and the
environment including, without limitation, the federal Comprehensive Environmental Response, Compensation, and Liability Act, the Superfund Amendments Reauthorization Act, the Resource Conservation and Recovery Act, the Clean Air Act, the Federal
Water Pollution Control Act, the Toxic Substances Control Act, the Oil Pollution Act, the Safe Drinking Water Act, the Hazardous Materials Transportation Act, and other environmental conservation and protection laws and the regulations promulgated
pursuant thereto, and any state or local counterparts, each as amended from time to time, and (b) the generation, manufacture, processing, distribution, use, treatment, storage, transport, or handling of any hazardous wastes. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“ERISA Affiliate” means any entity that would be treated as a single employer with an Operator under Sections 414(b),
(c) or (m) of the Code or Section 4001(b)(1) of ERISA. 
 “General Partner” has the meaning set forth
in the preamble to this Agreement. 
 “Governmental Authority” means any federal, state, local or foreign government
or any provincial, departmental or other political subdivision thereof, or any entity, body or authority exercising executive, legislative, judicial, regulatory, administrative or other governmental functions or any court, department, commission,
board, bureau, agency, instrumentality or administrative body of any of the foregoing. 
 “Indemnified Party” or
“Indemnified Parties” has the meaning set forth in Section 7.1. 
 “Indemnifying
Party” has the meaning set forth in Section 7.2(a). 
 “Interest Rate” means the lesser of
(i) two percent (2%) over the one month London Interbank Offered Rate (LIBOR) prevailing during the period in question, and (ii) the maximum rate permitted by Applicable Law. 

“Midstream Operating” has the meaning set forth in the Recitals to this Agreement. 

“Mt. Olive Commencement Month” means the calendar month in which the Mt. Olive Plant commences commercial operations.

 “Mt. Olive Plant” means that certain gas processing plant being constructed by the Partnership and its Affiliates
and located at 155 LP&L Road-PVT, Ruston, Louisiana. 
 “Omnibus Agreement” means that certain Omnibus
Agreement, dated as of [l], 2015, by and among the Partnership, the General Partner and Development. 

“Partnership” has the meaning set forth in the preamble to this Agreement. 

“Partnership Change of Control” means Development ceases to Control the General Partner. 

“Partnership Group” means the General Partner, the Partnership and all of the Partnership’s Subsidiaries, treated
as a single consolidated entity. 
 “Partnership Group Member” means any member of the Partnership Group. 

  
 Exhibit A-2 

 “Party” or “Parties” has the meaning set forth in
the preamble to this Agreement. 
 “PennTex Operating” has the meaning set forth in the Recitals to this Agreement.

 “Period of Secondment” has the meaning set forth in Section 2.2. 

“Person” means any individual or any partnership, corporation, limited liability company, trust, or other legal
entity. 
 “Personnel Services” has the meaning set forth in Section 2.1. 

“Producer Price Index” shall have the meaning ascribed to the term “PPI,” as published by the United
States Bureau of Labor Statistics. 
 “Provided Personnel” has the meaning set forth in
Section 2.1. 
 “Provided Personnel Expenses” has the meaning set forth in Section 3.2. 

“Provided Personnel Schedule” has the meaning set forth in Section 2.1. 

“Seconding Affiliate” has the meaning set forth in Section 2.2. 

“Secondment” means each assignment of any Provided Personnel to the General Partner from Admin or its applicable
Seconding Affiliate in accordance with the terms of this Agreement. 
 “Services Reimbursement” has the meaning set
forth in Section 3.1. 
 “Shared Provided Personnel” has the meaning set forth in
Section 2.2. 
 “Subsidiary” means, with respect to any Person, (a) a corporation of which more
than 50% of the voting power of shares entitled (without regard to the occurrence of any contingency) to vote in the election of directors or other governing body of such corporation is owned, directly or indirectly, at the date of determination, by
such Person, by one or more Subsidiaries of such Person or a combination thereof, (b) a partnership (whether general or limited) in which such Person or a Subsidiary of such Person is, at the date of determination, a general or limited partner
of such partnership, but only if such Person, directly or by one or more Subsidiaries of such Person, or a combination thereof, Controls such partnership on the date of determination, or (c) any other Person (other than a corporation or a
partnership) in which such Person, one or more Subsidiaries of such Person, or a combination thereof, directly or indirectly, at the date of determination, has (i) at least a majority ownership interest or (ii) the power to elect or direct
the election of a majority of the directors, managers or other governing body of such Person. 
 “Voting Securities”
of a Person means securities of any class of such Person entitling the holders thereof to vote in the election of, or to appoint, members of the board of directors or other similar governing body of the Person; provided that, if such Person
is a limited partnership, Voting Securities of such Person shall be the general partner interest in such Person. 

  
 Exhibit A-3 

 EXHIBIT B 

Provided Personnel 

In reference to that certain Services and Secondment Agreement, dated as of
[l], 2015 (the “Secondment Agreement;” terms with initial capital letters used but not defined herein
shall have the meanings ascribed to such terms in the Secondment Agreement), among PennTex Midstream Partners, LLC, a Delaware limited liability company, PennTex Midstream Management Company, LLC, a Delaware limited liability company, PennTex
Midstream GP, LLC, a Delaware limited liability company, and PennTex Midstream Partners, LP, a Delaware limited partnership. 
  

					
	 Company
	 	 Name of Provided

Personnel
	 	 Title and Job Functions

		 		 	

  
 Exhibit B-1 

 EXHIBIT C 

Addition/Removal/Change of Responsibility of Provided Personnel Form 

In reference to that certain Services and Secondment Agreement, dated [•], 2015 (the “Secondment Agreement;”
terms with initial capital letters used but not defined herein shall have the meanings ascribed to such terms in the Secondment Agreement), among PennTex Midstream Partners, LLC, a Delaware limited liability company, PennTex Midstream Management
Company, LLC, a Delaware limited liability company (“Admin”), PennTex Midstream GP, LLC, a Delaware limited liability company (the “General Partner”), and PennTex Midstream Partners, LP, a Delaware
limited partnership. 
 In accordance with Section 2.1 of the Secondment Agreement, Admin and the General Partner hereto wish to
add remove, or change the responsibilities of the following individual or individuals to the Provided Personnel Schedule (all information must be filled in for this form to be valid): 

Provided Personnel 
  

					
	 Company
	  	 Name of Provided

Personnel
	  	 Title and Job Functions

		  		  	

  

			
	PENNTEX MIDSTREAM GP, LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	PENNTEX MIDSTREAM MANAGEMENT COMPANY, LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 Exhibit C-1EX-10.13

 Exhibit 10.13 

Execution Version 

FIRST AMENDMENT TO MLP CREDIT AGREEMENT 

THIS FIRST AMENDMENT TO MLP CREDIT AGREEMENT (this “Amendment”) dated as of May 6, 2015 (the “First
Amendment Effective Date”) is among: PennTex Midstream Partners, LP, a Delaware limited partnership (the “Borrower”), Royal Bank of Canada as administrative agent (together with its successors and assigns in such capacity,
the “Administrative Agent”), and the Lenders (as defined in the Credit Agreement referred to below). Unless otherwise defined herein, capitalized terms used herein shall have the respective meanings assigned to such terms in the
Credit Agreement, as amended hereby. 
 RECITALS 

A. The Borrower, the Administrative Agent and the Lenders are parties to that certain MLP Credit Agreement dated as of December 19, 2014
(as amended, restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”). 
 B. Pursuant to
the Credit Agreement, the Lenders have agreed to make Loans to the Borrower and provide certain other credit accommodations to the Borrower from and after the Qualifying IPO Effective Date, provided that the Qualifying IPO Effective Date occurs on
or prior to the scheduled commitment termination date set forth in Section 2.06(a) of the Credit Agreement (the “Existing Commitment Termination Date”). 

C. The Borrower has requested that the Credit Agreement be amended to, among other things, (i) extend the Existing Commitment Termination
Date, (ii) temporarily increase the maximum Consolidated Debt-to-Capital Ratio, (iii) provide for Maximum Availability to be determined based on such increased maximum Consolidated Debt-to-Capital Ratio for the relevant period,
(iv) amend the Applicable Margin under the Credit Agreement, and (v) amend the financial covenants and related definitions under the Credit Agreement, each as more particularly set forth herein. 

AGREEMENT 
 In
consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

Section 1. Amendments as of the First Amendment Effective Date. In reliance on the representations, warranties, covenants and
agreements contained in this Amendment, and subject to the satisfaction of the conditions precedent set forth in Section 2 hereof, the Credit Agreement shall be amended effective as of the First Amendment Effective Date in the manner
provided in this Section 1. 
 1.01 Amendment to Recitals. Paragraphs “C”, “D”, “E”,
“F” and “G” of the Recitals of the Credit Agreement shall be amended and restated in their entirety to read in full as follows: 

C. Collectively, PennTex Development and MRD WHR LA Midstream LLC, a Delaware limited liability company (“MRD WHR
LA”), beneficially own, directly or indirectly, 100% of the issued and outstanding Equity Interests in PennTex North Louisiana, LLC, a Delaware limited liability company (“PennTex JV”). 

  
 1 

 D. On or prior to June 30, 2015, the Borrower intends to consummate the
initial public offering of its Equity Interests (the “IPO”) and the other Specified IPO Transactions. 
 E.
Contemporaneously with the IPO, the Borrower, PennTex Development, PennTex NLA, MRD WHR LA, PennTex JV and PennTex Operating will enter into that certain Contribution, Conveyance and Assumption Agreement substantially in the form attached hereto as
Exhibit J and without any modifications thereto that are materially adverse to the Administrative Agent or the Lenders (as amended, restated, supplemented or otherwise modified from time to time in accordance with this Agreement, the
“IPO Contribution Agreement”), pursuant to which the Borrower and such other Persons will agree to certain contribution transactions to become effective on or prior to the effective date of the IPO, in each case as more particularly
described on Schedule 1.01(b) attached hereto (individually or collectively, as the context requires, the “Initial Contribution Transactions”). 

F. As part of the Initial Contribution Transactions, each of PennTex NLA and MRD WHR LA will convey their respective limited
liability company interests in PennTex JV to the Borrower, in exchange for (a) common units representing limited partner interests in the Borrower, (b) subordinated units representing limited partner interests in the Borrower and
(c) cash proceeds from the IPO. 
 G. Contemporaneously with the IPO, the Borrower, the General Partner and PennTex
Development will enter into that certain Omnibus Agreement in substantially the form attached hereto as Exhibit K and without any modifications thereto that are materially adverse to the Administrative Agent or the Lenders (as amended,
restated, supplemented or otherwise modified from time to time in accordance with this Agreement, the “Omnibus Agreement”), pursuant to which, among other things, (a) the Borrower will pay certain administrative fees to PennTex
Development and/or one or more of its Affiliates, (b) the Borrower will be granted rights of first offer with respect to PennTex Development’s Equity Interests in PennTex Permian, LLC, a Delaware limited liability company and a Subsidiary
of PennTex Development, and (c) the Borrower will be granted a license to use the “PennTex” trademark and name. 
 1.02
Additional Definitions. Section 1.01 of the Credit Agreement shall be amended by adding thereto in alphabetical order each of the following definitions, which shall read in full as follows: 

“Consolidated Senior Secured Indebtedness” means, at any date, all Consolidated Total Funded Indebtedness on
such date that is secured by a Lien on any Property of the Borrower or any Subsidiary. 

  
 2 

 “Consolidated Senior Secured Leverage Ratio” means, at any date,
the quotient of (a) Consolidated Senior Secured Indebtedness of the Borrower as of such date, divided by (b) Consolidated EBITDA for the Rolling Period most recently ended on or prior to such date for which financial statements and
a compliance certificate have been delivered pursuant to Section 8.01(a), (b) and (d), as applicable (or, with respect to any Rolling Period ending on or prior to the March 2016 Delivery Date, Annualized Consolidated
EBITDA). 
 “Excess Cash” means, as of any date, the amount, if any, that (a) the aggregate amount of
unencumbered (other than by a Lien granted under a Security Instrument) and unrestricted cash and cash equivalents of the Loan Parties, exceeds (b) the aggregate amount of the Loan Parties’ accounts payable and accrued expenses,
liabilities or other obligations to pay the deferred purchase price of Property or services, in each case that are greater than ninety (90) days past the date of invoice unless such accounts payable, expenses, liabilities or other obligations
are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP. 

“First Amendment Effective Date” means May 6, 2015. 

“March 2016 Delivery Date” means the date on which financial statements and a compliance certificate are
delivered for the fiscal quarter ending on March 31, 2016 pursuant to Section 8.01(b) and (d). 

“Material Notes Indebtedness” means Permitted Notes Indebtedness in respect of which the Borrower and/or its
Subsidiaries receive Net Debt Proceeds in excess of $150,000,000 in the aggregate during the term of this Agreement. 

“Permitted Notes Indebtedness” means, collectively, Indebtedness of the Borrower and/or any of its
Subsidiaries resulting from the issuance after the Qualifying IPO Effective Date of senior unsecured notes; provided that each of the following conditions is satisfied with respect to such Indebtedness: 

(a) such Indebtedness does not mature or require any scheduled payments or mandatory redemptions of the principal amount
thereof prior to the date that is 91 days after the Maturity Date in effect on the issuance date of such Indebtedness; 
 (b)
such Indebtedness bears no greater than a market interest rate as of the time of its issuance or incurrence (as determined in good faith by the Borrower); 

(c) no indenture or other agreement governing such Indebtedness contains (i) any maintenance financial covenants or
(ii) any other covenants or events of default that, when taken as a whole, are more restrictive on the Borrower and its Subsidiaries than those contained in this Agreement or prevailing terms and conditions in the

  
 3 

 
market for similarly sized “high yield” senior unsecured note issuances made by issuers similarly situated to the Borrower, as determined in the reasonable discretion of the
Administrative Agent; 
 (d) after giving effect to the issuance or incurrence of such Indebtedness, the Borrower is in
pro forma compliance with all applicable covenants set forth in Section 9.01; 
 (e) no Default exists at
the time of or after giving effect to the issuance or incurrence of such Indebtedness; 
 (f) such Indebtedness is not
guaranteed by any Subsidiary that is not a Loan Party; and 
 (g) such Indebtedness is not secured by a Lien on any Property.

 1.03 Restated Definitions. Section 1.01 of the Credit Agreement shall be amended by amending and restating the definitions of
each of the following terms to read in full as follows: 
 “Annualized Consolidated EBITDA” means, for
purposes of calculating the Consolidated Interest Coverage Ratio, the Consolidated Total Leverage Ratio and the Consolidated Senior Secured Leverage Ratio for any Rolling Period ending on or prior to March 31, 2016, an amount equal to the sum
of: 
 (a) Annualized Unadjusted Consolidated EBITDA; plus 

(b) Material Project EBITDA Adjustments, if any, in accordance with the definition of the term “Consolidated EBITDA”;
plus 
 (c) if applicable, any Specified Equity Contribution made in respect of such Rolling Period or any period
included within such Rolling Period. 
 “Annualized Unadjusted Consolidated EBITDA” means: 

(a) with respect to the Rolling Period ending on June 30, 2015, the product of (x) Unadjusted Consolidated EBITDA for
such Rolling Period, multiplied by (y) 12; 
 (b) with respect to the Rolling Period ending on September 30,
2015, the product of (x) Unadjusted Consolidated EBITDA for such Rolling Period, multiplied by (y) 4; 
 (c)
with respect to the Rolling Period ending on December 31, 2015, the product of (x) Unadjusted Consolidated EBITDA for such Rolling Period, multiplied by (y) 2; and 

(d) with respect to the Rolling Period ending on March 31, 2016, the product of (x) Unadjusted Consolidated EBITDA
for such Rolling Period, multiplied by (y) 4/3. 

  
 4 

 “Management Agreement” means that certain Services and
Secondment Agreement to be entered into by and among the Borrower, the General Partner, PennTex Development and PennTex Management, substantially in the form attached hereto as Exhibit L and without any modifications thereto that are
materially adverse to the Administrative Agent or the Lenders, as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with this Agreement. 

“Net Debt Proceeds” means the gross cash proceeds from the incurrence of Indebtedness, net of attorneys’
fees, accountants’ fees and other customary fees and expenses actually incurred in connection therewith. 

“PennTex NLA Operating” means PennTex North Louisiana Operating, LLC, a Delaware limited liability company and
a Wholly Owned Subsidiary of PennTex JV. 
 “Permitted Drop Down” and “Permitted Drop
Downs” mean, individually or collectively as the context requires, any contribution, sale or other direct or indirect transfer by PennTex Development and/or one or more of its Subsidiaries, of any material operating Midstream Properties or
Equity Interests in a Person owning material operating Midstream Properties, as the case may be, to any Loan Party that is consummated in accordance with a Contribution Agreement and satisfies each of the requirements set forth in
Section 9.05(n). 
 “Registration Statement” means the Amendment No. 4 to Form S-1
Registration Statement File No. 333-199020, filed by the Borrower with the SEC on April 16, 2015, as amended from time to time prior to the Qualifying IPO Effective Date. 

“Rolling Period” means, with respect to the fiscal quarter ending June 30, 2015 and the last day of any
fiscal quarter ending thereafter: 
 (a) for the fiscal quarter ending on June 30, 2015, the calendar month of June,
2015; 
 (b) for the fiscal quarter ending on September 30, 2015, the one fiscal quarter period ending on
September 30, 2015; 
 (c) for the fiscal quarter ending on December 31, 2015, the period of two fiscal quarters
ending on December 31, 2015; 
 (d) for the fiscal quarter ending on March 31, 2016, the period of three fiscal
quarters ending on March 31, 2016; and 
 (d) for each fiscal quarter thereafter, the period of four fiscal quarters
ending on the last day of such fiscal quarter. 

  
 5 

 1.04 Deleted Definitions. Section 1.01 of the Credit Agreement shall be amended by
deleting each of the following definitions from such section in its entirety: “Mt. Olive Drop Down”; and “Mt. Olive EBITDA Adjustment”. 

1.05 Amendment to Definition of “Applicable Margin”. Section 1.01 of the Credit Agreement shall be amended by amending
the definition of the term “Applicable Margin” as follows: 
 (a) The pricing grid set forth in the definition of the term
“Applicable Margin” shall be amended and restated in its entirety to read as follows: 
  

															
	 Level
	  	 Consolidated Total Leverage Ratio
	  	Eurodollar
Loans	 	 	ABR
Loans	 	 	Commitment
Fee Rate	 
	I	  	 Less than or equal to 2.50 to 1.00
	  	 	2.00	% 	 	 	1.00	% 	 	 	0.375	% 
	II	  	 Greater than 2.50 to 1.00 but less than or equal to 3.00 to 1.00
	  	 	2.25	% 	 	 	1.25	% 	 	 	0.375	% 
	III	  	 Greater than 3.00 to 1.00 but less than or equal to 3.50 to 1.00
	  	 	2.50	% 	 	 	1.50	% 	 	 	0.375	% 
	IV	  	 Greater than 3.50 to 1.00 but less than or equal to 4.00 to 1.00
	  	 	2.75	% 	 	 	1.75	% 	 	 	0.500	% 
	V	  	 Greater than 4.00 to 1.00 but less than or equal to 4.50 to 1.00
	  	 	3.00	% 	 	 	2.00	% 	 	 	0.500	% 
	VI	  	 Greater than 4.50
	  	 	3.25	% 	 	 	2.25	% 	 	 	0.500	% 

 ; and 
 (b) The
last paragraph of such definition shall be amended by replacing each reference to “Level ‘V’” appearing in such paragraph with a reference to “Level ‘VI’”. 

1.06 Amendment to Definition of “Consolidated EBITDA”. Section 1.01 of the Credit Agreement shall be amended by
(a) deleting the parenthetical phrase “(other than the initial construction of the Mt. Olive Plant and related Midstream Properties of the Loan Parties)” appearing in the second sentence of clause “(b)” of such definition,
(b) replacing the semi-colon appearing at the end of clause “(c)” of the definition of the term “Consolidated EBITDA” with a period, (c) deleting the word “plus” appearing immediately after such period,
and (d) deleting clause “(d)” of such definition in its entirety. 

  
 6 

 1.07 Amendment to Definition of “Consolidated Total Funded Indebtedness”.
Section 1.01 of the Credit Agreement shall be amended by inserting a new proviso immediately before the period at the end of the definition of the term “Consolidated Total Funded Indebtedness” to read in full as follows: 

; provided that, from and after the issuance or incurrence of any Material Notes Indebtedness, solely with respect to
the calculation of Consolidated Total Funded Indebtedness as of any date during the two fiscal quarter period commencing on the first day of the fiscal quarter in which such Material Notes Indebtedness is issued or incurred and only if outstanding
Loans and any other Revolving Credit Exposure (excluding LC Exposure in respect of undrawn Letters of Credit) are prepaid to a zero balance on the date of such issuance or incurrence, the foregoing sum shall be reduced by Excess Cash as of such date
of determination. 
 1.08 Amendment to Definition of “Consolidated Total Leverage Ratio”. Section 1.01 of the Credit
Agreement shall be amended by replacing the reference to “the December 2015 Delivery Date” appearing in the definition of the term “Consolidated Total Leverage Ratio” with a reference to “the March 2016 Delivery Date”.

 1.09 Amendment to Definition of “Contribution Agreement”. Section 1.01 of the Credit Agreement shall be amended by
replacing the phrase “, PennTex JV, and/or one or more of their respective Affiliates” appearing in the definition of the terms “Contribution Agreement” and “Contribution Agreements” with the phrase “and/or one or
more of its Affiliates”. 
 1.10 Amendments to Definition of “Maximum Availability”. Section 1.01 of the Credit
Agreement shall be amended by amending the definition of the term “Maximum Availability” as follows: 
 (a) Clause
“(a)” of such definition shall be amended by inserting a proviso immediately after the semi colon at the end of such clause to read in full as follows: 

provided that, effective only for the period commencing on the Qualifying IPO Effective Date and ending on June 30,
2015, the maximum Consolidated Debt-to-Capital Ratio that is used to calculate the amount determined under the foregoing subclause (i) shall be temporarily increased to a ratio of 0.40 to 1.00; 

; and 
 (b) Clause “(b)” of such
definition shall be amended by replacing the reference to “4.5” in such clause with a reference to “the applicable maximum Consolidated Total Leverage Ratio permitted for the Rolling Period ending on September 30, 2015 pursuant
to Section 9.01(c)(i)(A) or (B), as the case may be”. 
 1.11 Amendment to Definition of “Qualifying IPO
Effective Date”. Section 1.01 of the Credit Agreement shall be amended by amending the definition of the term “Qualifying IPO Effective Date” as follows: 

(a) Clause “(d)” of such definition shall be amended and restated to read in full as “(d) [Reserved];”; 

  
 7 

 (b) Clause “(e)” of such definition shall be amended by inserting the following
immediately before the semi-colon appearing at the end of such clause: 
 , including the joinder of any new Subsidiary of
the Borrower resulting from the Initial Contribution Transactions and/or the Specified IPO Transactions as a Guarantor under the Guaranty and Collateral Agreement and the execution and delivery of Security Instruments in accordance with Section
6.01(g) 
 ; and 
 (c) Clause
“(f)” of such definition shall be amended by replacing the reference to “September 30, 2014” with a reference to “December 31, 2014”: 

1.12 Amendment to Definition of “Unadjusted Consolidated EBITDA.” Section 1.01 of the Credit Amendment shall be amended
by amending the definition of the term “Unadjusted Consolidated EBITDA” by replacing the reference to “March 31, 2015” appearing in subsection “(vi)” thereof with a reference to “June 30, 2015”. 

1.13 Amendment to Scheduled Commitment Termination Date. Section 2.06(a) of the Credit Agreement shall be amended by replacing the
reference to “May 29, 2015” appearing in such section with a reference to “June 30, 2015”. 
 1.14 Amendment to
Borrowing Conditions. Section 6.02 of the Credit Agreement shall be amended by amending and restating clause “(e)” of such section to read in full as follows: 

(e) The Borrower shall be in pro forma compliance with the financial covenants set forth in Section 9.01
(calculated in a manner reasonably acceptable to the Administrative Agent after giving effect to such Borrowing) applicable on the last day of the fiscal quarter in which such Borrowing is to be made, as evidenced by a certificate executed by a
Responsible Officer of the Borrower attaching the supporting detail for such calculations; provided that, with respect to any Borrowing during the period commencing on the Qualifying IPO Effective Date and ending on June 30, 2015, in
lieu of the foregoing requirement under this clause (e), the Borrower shall be in pro forma compliance with the financial covenant set forth in Section 9.01(a) applicable on the last day of the fiscal quarter ending on
June 30, 2015. 
 1.15 Amendment to Financial Statement Reporting Covenant. Section 8.01(b) of the Credit Agreement shall
be amended by deleting the phrase “and only to the extent that the Borrower timely elects the calendar month of June, 2015 as the Rolling Period for such fiscal quarter in accordance with clause (a) of the definition of the term
“Rolling Period”” where it appears at the beginning of subsection “(ii)” of such section. 
 1.16 Amendment to
Consolidated Debt-to-Capital Ratio Covenant. Section 9.01(a) of the Credit Agreement shall be amended by inserting the following proviso immediately before the period at the end of such section: 

; provided that, with respect to the last day of each of the fiscal quarters ending December 31,
2014, March 31, 2015 and June 30, 2015, 

  
 8 

 
respectively, in lieu of the foregoing requirement under this clause (a), the Borrower shall not permit the Consolidated Debt-to-Capital Ratio as of such date to exceed 0.40 to 1.00 

1.17 Amendment to Consolidated Interest Coverage Ratio Covenant. Section 9.01(b) of the Credit Agreement shall be amended by
replacing the reference to “3.00” appearing in such section with a reference to “2.50”. 
 1.18 Restatement of
Leverage Covenants. Section 9.01(c) of the Credit Agreement shall be amended and restated in its entirety to read in full as follows: 

(c) Leverage Ratios. 

(i) Consolidated Total Leverage Ratio. 

(A) Prior to the incurrence by the Borrower and/or any of its Subsidiaries of Material Notes Indebtedness, the Borrower shall
not permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter of the Borrower commencing with the fiscal quarter ending September 30, 2015 to exceed the ratio set forth for such fiscal quarter in the following grid:

  

			
	 Fiscal Quarter Ending
	  	Maximum Consolidated Total
Leverage Ratio
	 September 30, 2015
	  	5.25 to 1.00
	 December 31, 2015
	  	5.00 to 1.00
	 March 31, 2016 and each fiscal quarter thereafter
	  	4.75 to 1.00

 ; provided that, at the irrevocable written election of the Borrower upon the closing of any Material
Acquisition (by delivering written notice of such election to the Administrative Agent on or prior to the closing date of such Material Acquisition), the maximum Consolidated Total Leverage Ratio permitted under this clause (c)(i)(A) shall be
increased to 5.25 to 1.00 for the Rolling Period ending on the last day of the fiscal quarter in which such Material Acquisition occurs and for each of the Rolling Periods ending on the last day of the next two immediately following fiscal quarters;
provided further that the Borrower may not make more than one election under this clause (c)(i)(A) or under Section 9.01(c)(i)(B) or (c)(i)(C) in any 12 month period. 

  
 9 

 (B) If the Borrower and/or any of its Subsidiaries incur Material Notes
Indebtedness prior to September 30, 2015, the Borrower shall not, as of the last day of each fiscal quarter then remaining during the term of this Agreement, permit the Consolidated Total Leverage Ratio as of such date to exceed the ratio set
forth for such fiscal quarter in the following grid: 
  

			
	 Fiscal Quarter Ending
	  	Maximum Consolidated Total
Leverage Ratio
	 September 30, 2015
	  	5.50 to 1.00
	 December 31, 2015
	  	5.25 to 1.00
	 March 31, 2016 and each fiscal quarter thereafter
	  	5.00 to 1.00

 ; provided that, at the irrevocable written election of the Borrower upon the closing of any Material
Acquisition (by delivering written notice of such election to the Administrative Agent on or prior to the closing date of such Material Acquisition), the maximum Consolidated Total Leverage Ratio permitted under this clause (c)(i)(B) shall be
increased to 5.50 to 1.00 for the Rolling Period ending on the last day of the fiscal quarter in which such Material Acquisition occurs and for each of the Rolling Periods ending on the last day of the next two immediately following fiscal quarters;
provided further that the Borrower may not make more than one election under this clause (c)(i)(B) or under Section 9.01(c)(i)(A) or (c)(i)(C) in any 12 month period. 

(C) If the Borrower and/or any of its Subsidiaries incur Material Notes Indebtedness after September 30, 2015, the
Borrower shall not, as of the last day of each fiscal quarter then remaining during the term of this Agreement, permit the Consolidated Total Leverage Ratio as of such date to exceed 5.00 to 1.00; provided that, at the irrevocable written
election of the Borrower upon the closing of any Material Acquisition (by delivering written notice of such election to the Administrative Agent on or prior to the closing date of such Material Acquisition), the maximum Consolidated Total Leverage
Ratio permitted under this clause (c)(i)(C) shall be increased to 5.50 to 1.00 for the Rolling Period ending on the last day of the fiscal quarter in which such Material Acquisition occurs and for each of the Rolling Periods ending on the
last day of the next two immediately following fiscal quarters; provided further that the Borrower may not make more than one election under this clause (c)(i)(C) or under Section 9.01(c)(i)(A) or (c)(i)(B) in any 12
month period. 
 (ii) Consolidated Senior Secured Leverage Ratio. From and after the incurrence by the Borrower
and/or any of its Subsidiaries of Material Notes Indebtedness, the Borrower shall not, as of the last day of each fiscal quarter then remaining during the term of this Agreement, permit its Consolidated Senior Secured Leverage Ratio to exceed 3.50
to 1.00. 
 1.19 Amendment to Limitation on Indebtedness. Section 9.02 of the Credit Agreement shall be amended by
(a) deleting the word “and” appearing at the end of clause “(g)” of such section, (b) re-lettering existing clause “(h)” of such section as clause “(i)”, and (c) inserting a new clause
“(h)” of such section immediately after existing clause “(g”) to read in full as follows: 
 (h)
Permitted Notes Indebtedness; and 

  
 10 

 1.20 Amendments to Rolling Period References. Sections 9.05(k)(ii) and 9.05(l)(ii) are
each amended to delete the phrase “to the Rolling Period ending” in its entirety where it appears in such sections. 
 1.21
Amendment to Lincoln Parish Commercial Operation Date Default. Section 10.01 of the Credit Agreement shall be amended by deleting the reference to “May 31, 2015” appearing in clause “(o)” of such section and replacing
it with a reference to “June 30, 2015”. 
 1.22 Amendment to Section 10.01(p). Section 10.01(p) of the Credit
Agreement shall be amended by deleting the phase “Mt. Olive Drop Down shall have occurred and the” in its entirety where it appears in such section. 

1.23 Restatement of Credit Agreement Schedules. The Credit Agreement shall be amended by (a) amending and restating Schedules
1.01(b), 1.01(d), 7.15, 7.23 and 8.20 to the Credit Agreement as Schedules 1.01(b), 1.01(d), 7.15, 7.23 and 8.20 attached hereto, and (b) replacing each reference contained in Section 7.23 of the Credit
Agreement that limits any representation as to the contents of Schedule 7.23 to “the Effective Date” with a reference to “the First Amendment Effective Date”. 

1.24 Restatement of Credit Agreement Exhibits. The Credit Agreement shall be amended by amending and restating Exhibits I, J, K and L
to the Credit Agreement as Exhibits I, J, K and L attached hereto. 
 Section 2. Conditions
Precedent. The effectiveness of this Amendment is subject to the satisfaction of each of the following conditions precedent: 
 2.01
Counterparts; Related Amendments. The Administrative Agent shall have received counterparts of this Amendment duly executed by the Borrower and the Lenders, counterparts of the attached consent and acknowledgment duly executed by each
Guarantor, and fully executed copies of corresponding amendments to the PennTex Development Credit Facility and the PennTex JV Credit Facility, each in form and substance satisfactory to the Administrative Agent. 

2.02 Fees. The Administrative Agent, the Arrangers and the Lenders shall have received all fees and other amounts due and payable on or
prior to the First 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, without limitation, the fees and expenses
of Vinson & Elkins L.L.P., counsel to the Administrative Agent). 
 2.03 Organization Documents. The Administrative Agent
shall have received a certificate of the Secretary or an Assistant Secretary of each Loan Party setting forth (a) resolutions of its board of managers or directors or equivalent governing body or Person with respect to the authorization of such
Loan Party to execute and deliver the Loan Documents to which it is a party, as amended hereby, and to enter into the Transactions contemplated thereby and hereby, (b) the officers of such Loan Party (i) who are authorized to sign the Loan
Documents to which such Loan Party is a party and (ii) who will, until replaced by another officer or officers duly authorized for that purpose, act as such Loan Party’s representatives for the purposes of signing documents and giving
notices and other communications in connection with the Loan Documents, as amended hereby, and the Transactions contemplated thereby and hereby, (iii) specimen signatures of such authorized officers, and (iv) the Organization Documents of
each Loan Party, certified as being true and complete, or, in lieu of such certifications, certifying as to no change in the corresponding matters certified in any similar certificate delivered in connection with the most recent amendment to the
Credit Agreement. The Administrative Agent and the Lenders may conclusively rely on such certificate until the Administrative Agent receives notice in writing from such Loan Party to the contrary. 

  
 11 

 2.04 Good Standing Certificates. The Administrative Agent shall have received certificates
of the appropriate state agencies with respect to the existence, qualification and good standing of each Loan Party. 
 2.05 Compliance
Certificate. The Administrative Agent shall have received a compliance certificate substantially in the form of Exhibit E-1 to the Credit Agreement, duly and properly executed by a Financial Officer of the Borrower and dated as of the First
Amendment Effective Date, certifying (a) as to the accuracy and completeness of all representations and warranties contained in the Loan Documents, including this Amendment, (b) that after giving effect to the Transactions on the First
Amendment Effective Date, the Loan Parties, taken as a whole, are Solvent, (c) that no Default has occurred or is continuing, (d) that no Material Adverse Change has occurred since December 31, 2014, (e) that no proceeding under
any Debtor Relief Law is pending or threatened in respect of any Loan Party, its debts, or any substantial part of its assets, (f) that the Loan Parties have received all consents and approvals required by Section 7.03 of the Credit
Agreement, and (g) that the conditions set forth in subsections 2.07 and 2.08 of this Section 2 are satisfied as of the First Amendment Effective Date. 

2.06 Legal Opinion. The Administrative Agent shall have received a customary legal opinion from Locke Lord LLP, special counsel to the
Loan Parties, which opinion shall permit reasonable reliance by permitted assigns of each of the Administrative Agent and the Lenders and shall otherwise be in form and substance satisfactory to the Administrative Agent. 

2.07 Pro Forma Compliance. The Administrative Agent will be reasonably satisfied that, after giving pro forma effect to the
Transactions and any Borrowing occurring on the First Amendment Effective Date, the Consolidated Debt-to-Capital Ratio (calculated in a manner reasonably acceptable to the Administrative Agent) will not exceed 0.40 to 1.00. 

2.08 No Material Litigation. No material litigation, arbitration or similar proceeding shall be pending or threatened in writing that
(a) calls into question the validity or enforceability of this Amendment, the Credit Agreement, the other Loan Documents or the Transactions or (b) has had, or could reasonably be expected to have, a Material Adverse Effect. 

2.09 Other Documents. The Administrative Agent shall have received such other documents as the Administrative Agent or special counsel
to the Administrative Agent may reasonably request. 
 Without limiting the generality of the provisions of Section 11.04 of the Credit
Agreement, for purposes of determining compliance with the conditions specified in this Section 2, each Lender that has signed this Amendment shall be deemed to have consented to, approved or accepted or to be satisfied with, each
document or other matter required under this Section 2 to be consented to or approved by or acceptable or reasonably satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the date
hereof specifying its objection thereto. All documents executed or submitted pursuant to this Section 2 by and on behalf of the Borrower or any of other Loan Party shall be in form and substance reasonably satisfactory to the
Administrative Agent and its counsel. The Administrative Agent shall notify the Borrower and the Lenders of the First Amendment Effective Date, and such notice shall be conclusive and binding. 

Notwithstanding the foregoing, the items specified on Schedule 8.20 shall be delivered in accordance with Section 8.20 of the
Credit Agreement, as amended hereby. 

  
 12 

 Section 3. Representations and Warranties. To induce the Lenders and the
Administrative Agent to enter into this Amendment, the Borrower and, by its execution of the attached consent and acknowledgment, each Guarantor hereby represent and warrant to the Lenders and the Administrative Agent as follows: 

3.01 Reaffirmation of Existing Representations and Warranties. After giving effect to this Amendment, each representation and warranty
contained in the Credit Agreement and the other Loan Documents is true and correct in all material respects on the date hereof, except (a) to the extent any such representations and warranties are expressly limited to an earlier date, in which
case such representations and warranties continue to be true and correct in all material respects as of such date and (b) to the extent that any such representation or warranty is qualified by “material” or “Material Adverse
Effect” references therein, such representation or warranty is true and correct in all respects on the date hereof. 
 3.02 Due
Authorization; No Conflict. The execution, delivery and performance of this Amendment, and the performance of the Credit Agreement as amended hereby, (a) are within the Borrower’s limited liability company powers, have been duly
authorized by all necessary limited liability company action and, if required, equity owner action (including any action required to be taken by any class of directors, managers or equity holders of the Borrower or any other Person, whether
interested or disinterested) in order to ensure the due authorization of this Amendment and the Transactions contemplated hereby, (b) do not require any consent or approval of, registration or filing with, or any other action by, any
Governmental Authority or any other third Person (including any class of directors, managers or equity holders of the Borrower or any other Person, whether interested or disinterested,), nor is any such consent, approval, registration, filing or
other action necessary for the validity or enforceability of this Amendment or the consummation of the Transactions contemplated hereby, except such as have been obtained or made and are in full force and effect and other than those third party
approvals or consents that, if not made or obtained, would not cause a Default, could not reasonably be expected to have a Material Adverse Effect or do not have an adverse effect on the enforceability of the Loan Documents, (c) will not
violate any applicable Governmental Requirement or any Organization Documents of the Borrower or any other Loan Party, or any order of any Governmental Authority, (d) will not violate or result in a default under any indenture or other
agreement regarding Indebtedness of the Borrower or any other Loan Party or give rise to a right thereunder to require any payment to be made by the Borrower or such Loan Party, (e) will not violate or result in a default under any Material
Contract, or give rise to a right thereunder to require any payment to be made by the Borrower or such Loan Party, and (f) will not result in the creation or imposition of any Lien on any Property of the Borrower or any other Loan Party (other
than the Liens created by the Loan Documents). 
 3.03 Validity and Enforceability. The Credit Agreement, as amended by this
Amendment, constitutes the legal, valid and binding obligation of the Borrower enforceable in accordance with its terms, subject to applicable Debtor Relief Laws 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. 
 3.04 No Default. No Default has
occurred that is continuing. 
 3.05 No Defense. The Borrower acknowledges that no Loan Party has any defense to
(a) Borrower’s obligations to pay the Secured Obligations when due or (b) the validity, enforceability or binding effect against any Loan Party of the Credit Agreement or any of the other Loan Document to which it is a party or any
Liens intended to be created thereby. 

  
 13 

 3.06 No Material Adverse Change. As of the First Amendment Effective Date, no Material
Adverse Change has occurred since December 31, 2014. 
 Section 4. Miscellaneous. 

4.01 No Implied Consent or Waiver. This Amendment shall not be construed as a consent to the departure from or a waiver of the terms
and conditions of the Credit Agreement, except as expressly set forth herein. 
 4.02 Reaffirmation of Loan Documents. Any and all of
the terms and provisions of the Credit Agreement and the Loan Documents shall, except as amended and modified hereby, remain in full force and effect. The amendments contemplated hereby shall not limit or impair any Liens securing the Secured
Obligations, each of which are hereby ratified, affirmed and extended to secure the Secured Obligations as they may be increased pursuant hereto. 

4.03 Parties in Interest. All of the terms and provisions of this Amendment shall bind and inure to the benefit of the parties hereto
and their respective successors and assigns. 
 4.04 Legal Expenses. The Borrower hereby agrees to pay on demand all reasonable fees
and expenses of counsel to the Administrative Agent incurred by the Administrative Agent in connection with the preparation, negotiation and execution of this Amendment and all related documents. 

4.05 Counterparts. This 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. Images of signatures transmitted by facsimile or other electronic transmission (e.g. .pdf) shall be effective as originals. 

4.06 Integration. THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES HERETO AND THERETO AND
MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 

4.07 Headings. The headings, captions and arrangements used herein are for convenience of reference only, are not part of this
Amendment and shall not affect the construction of, or be taken into consideration in interpreting, this Amendment. 
 4.08 Governing
Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS. 
 4.09 Loan
Document. The parties hereto agree that this Amendment shall constitute a Loan Document under and as defined in the Credit Agreement. 

[Signature Pages Follow] 

  
 14 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their
respective authorized officers on the date and year first above written. 
  

			
	BORROWER:
	
	PENNTEX MIDSTREAM PARTNERS, LP
		
	By:		PennTex Midstream GP, LLC,
			its general partner
		
	By:		 /s/ Steven R. Jones

	Name:		Steven R. Jones
	Title:		Chief Financial Officer

  
 FIRST
AMENDMENT TO MLP CREDIT AGREEMENT 

 The undersigned (i) consents and agrees to this Amendment, and (ii) agrees that the
Loan Documents to which it is a party (including, without limitation, the Guaranty and Collateral Agreement) shall remain in full force and effect and shall continue to be the legal, valid and binding obligation of the undersigned, enforceable
against it in accordance with its terms. 
  

			
	CONSENTED, ACKNOWLEDGED AND AGREED TO BY:
	
	GUARANTOR:
	
	PENNTEX MIDSTREAM OPERATING, LLC
		
	By:		PennTex Midstream Partners, LP, its sole member
		
	By:		PennTex Midstream GP, LLC, its general partner
		
	By:		/s/ Steven R. Jones
	Name:		Steven R. Jones
	Title:		Chief Financial Officer

  
 FIRST
AMENDMENT TO MLP CREDIT AGREEMENT 

 
			
	ADMINISTRATIVE AGENT:
	
	 ROYAL BANK OF CANADA,

as Administrative Agent

		
	By:		/s/ Ann Hurley
	Name:		Ann Hurley
	Title:		Manager, Agency

  
 FIRST
AMENDMENT TO MLP CREDIT AGREEMENT 

 
			
	ISSUING BANK AND LENDER:
	
	 ROYAL BANK OF CANADA,

as Issuing Bank and Lender

		
	By:		/s/ Jason S. York
	Name:		Jason S. York
	Title:		Authorized Signatory

  
 FIRST
AMENDMENT TO MLP CREDIT AGREEMENT 

 
			
	LENDER:
	
	WELLS FARGO BANK, N.A.
		
	By:		/s/ Andrew Ostrov
	Name:		Andrew Ostrov
	Title:		Director

  
 FIRST
AMENDMENT TO MLP CREDIT AGREEMENT 

 
			
	LENDER:
	
	BARCLAYS BANK PLC
		
	By:		/s/ Christopher Lee
	Name:		Christoper Lee
	Title:		Vice President

  
 FIRST
AMENDMENT TO MLP CREDIT AGREEMENT 

 
			
	LENDER:
	
	CITIBANK, NATIONAL ASSOCIATION
		
	By:		/s/ Eamon Baqui
	Name:		Eamon Baqui
	Title:		Vice President

  
 FIRST
AMENDMENT TO MLP CREDIT AGREEMENT 

 
			
	LENDER:
	
	SUNTRUST BANK
		
	By:		/s/ Chulley Bogle
	Name:		Chulley Bogle
	Title:		Vice President

  
 FIRST
AMENDMENT TO MLP CREDIT AGREEMENT 

 
			
	LENDER:
	
	JPMORGAN CHASE BANK, N.A.
		
	By:		/s/ Anson Williams
	Name:		Anson Williams
	Title:		Authorized Officer

  
 FIRST
AMENDMENT TO MLP CREDIT AGREEMENT 

 
			
	LENDER:
	
	DEUTSCHE BANK AG NEW YORK BRANCH
		
	By:		/s/ Shai Bander
	Name:		Shai Bander
	Title:		Vice President
		
	By:		/s/ Laureline de Lichana
	Name:		Laureline de Lichana
	Title:		Vice President

  
 FIRST
AMENDMENT TO MLP CREDIT AGREEMENT 

 
			
	LENDER:
	
	CAPITAL ONE, NATIONAL ASSOCIATION
		
	By:		/s/ Christopher Kuna
	Name:		Christopher Kuna
	Title:		Vice President

  
 FIRST
AMENDMENT TO MLP CREDIT AGREEMENT 

 
			
	LENDER:
	
	AMEGY BANK, NATIONAL ASSOCIATION
		
	By:		/s/ Brock Hudson
	Name:		Brock Hudson
	Title:		Senior Vice President

  
 FIRST
AMENDMENT TO MLP CREDIT AGREEMENT 

 SCHEDULE 8.20 

POST-CLOSING OBLIGATIONS 
  

	1.	Mortgages. Within 5 Business Days after the Qualifying IPO Effective Date, the Borrower shall cause to be executed and delivered to the Administrative Agent a Mortgage with respect to the sites of each of the
Lincoln Parish Plant and the Mt. Olive Plant that is prior and superior to all other Liens on such Properties, other than Excepted Liens and Liens permitted under Section 9.03(c), and shall deliver such mortgage releases and such other
documentation as shall be necessary to terminate, release or assign to the Administrative Agent all Liens (other than Permitted Liens) encumbering such Property, in each case, in proper form for recordation in the appropriate jurisdictions.

  

	2.	Mortgagee Title Policies. On or prior to the first Business Day at least 30 days after the Qualifying IPO Effective Date, the Borrower shall cause to be delivered to the Administrative Agent, a mortgagee title
policy with respect to the sites of each of the Lincoln Parish Plant and the Mt. Olive Plant in form and substance reasonably satisfactory to the Administrative Agent.

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