Document:

EX-10.3

 Exhibit 10.3 
 Execution Version 
 ADMINISTRATIVE SERVICES AGREEMENT

 This Administrative Services Agreement (this “Agreement”) is entered into on, and effective as
of, October 25, 2011, and is by and between Chesapeake Oilfield Operating, L.L.C., an Oklahoma limited liability company (the “Company”), and Chesapeake Operating, Inc., an Oklahoma corporation
(“COI”). The above-named entities are sometimes referred to in this Agreement each as a “Party” and collectively as the “Parties.” 

WHEREAS, the Parties desire by their execution of this Agreement to evidence their understanding, as more fully set forth herein, with
respect to certain services and expense obligations of the Parties. 
 NOW THEREFORE, in consideration of the premises and the
covenants, conditions and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 

1. Services. 
 1.1 General. Subject to the provisions of Section 1.6, COI will provide general and administrative services, which shall include use of corporate offices and centralized corporate functions
such as legal, accounting, treasury, insurance administration and claims processing, risk management, health, safety and environmental, information technology, human resources, security, payroll, internal audit, tax compliance, engineering and
marketing (“G&A Services”) to assist in the administration of the business of the Company and its wholly owned direct and indirect subsidiary companies (together, the “Company Group”). 

1.2 Nature of the G&A Services. In general, the G&A Services provided shall be of a type sufficient to allow the Company
Group to administrate its businesses in substantially the same manner as such businesses have been historically administrated. 

1.3 Charges for G&A Services. In consideration for COI’s performance of the G&A Services, the Company shall reimburse
COI for the following overhead expenses related to the G&A Services: 
 (a) wages, salaries, bonuses and other
incentive-based compensation and related payroll taxes of employees of COI who perform G&A Services on behalf of the Company Group, in each case as adjusted to properly reflect the time spent by such COI employees in the performance of such
G&A Services; 
 (b) the cost of all employee benefits, such as 401(k), pension, health insurance, disability insurance,
workers’ compensation, and life insurance, if any; and any other employee benefit for which COI incurs costs relating to employees of COI who perform G&A Services on behalf of the Company Group, in each case as adjusted to properly reflect
the time spent by such COI employees in the performance of such G&A Services; and 

 (c) the cost of the Company Group’s use of COI corporate offices, including, but not
limited to, computer hardware and software, furniture and fixtures, adjusted to properly reflect such use. 
 Such overhead
expense shall be determined pursuant to the Chesapeake Oilfield Operating Overhead Charges Recognition Policy, a form of which is attached hereto as Exhibit A. Such policy shall be adjusted quarterly and from time to time upon mutual
agreement of the Parties. 
 1.4 Reimbursements and Other Separate Charges. The Company shall also reimburse COI for the
following: 
 (a) insurance premiums, retentions and claims (the “Insurance Reimbursement”) incurred
with respect to the Company Group’s business operations and assets. COI may increase the Insurance Reimbursement at any time in accordance with increases in the premiums, retentions, claims or fees payable under the applicable insurance
policies with respect to the Company Group’s business operations and assets. If the Company Group acquires or constructs additional assets, COI may increase the Insurance Reimbursement to account for such additional assets, with any such
increase to be determined in good faith by COI. 
 (b) out-of-pocket costs and expenses incurred by COI on behalf of the Company
Group, the cost of external and internal audits, transfer agent and registrar fees, legal fees, printing costs, the cost of preparing reports and other similar costs and expenses; and 

(c) any other costs and expenses incurred by COI on behalf of the Company Group that are not otherwise covered by the terms of this
Agreement. 
 1.5 Invoices. Within thirty (30) days of the date that COI furnishes the Company with an
invoice or report specifying the reimbursable costs incurred by COI under Sections 1.3 and 1.4, the Company shall pay COI the amounts specified in such invoice. COI shall keep accurate and complete records of the reimbursable costs incurred pursuant
to Sections 1.3 and 1.4. The Company shall have the right to review the books and records of COI with respect to all costs and expenses payable by the Company to COI pursuant to Sections 1.3 or 1.4, and COI shall provide the Company with access to
its relevant books and records at reasonable times following reasonable notice and shall enable the Company to make copies of all relevant documents. Payment by the Company of any invoice shall not constitute a waiver of the Company’s right
subsequently to question or contest the amount or correctness of said invoice and to seek reimbursement. In the event the Company disputes any invoice, in whole or in part, the Company shall promptly notify COI of the dispute and shall pay the
undisputed portion within the time specified above. The Company and COI shall in good faith endeavor to settle and adjust any disputed amount forthwith. 
 1.6 Termination and Renewal. This initial term of this Agreement shall be for five (5) years from the date of this Agreement (the “Initial Term”). This
Agreement shall thereafter be automatically extended for additional successive one (1) year terms unless either Party gives written notice of termination to the other Party not less than one (1) year prior to the end of any Term (in which
event this Agreement shall terminate effective as of the close of the then existing Term). The Initial Term of this Agreement and any additional terms as extended in accordance with this Section 1.6 are collectively referred to in this
Agreement as the “Term.” 

  
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 2. Confidentiality. Each of COI and the Company Group shall hold and shall each cause
their respective officers, employees, agents, consultants and advisors to hold, in strict confidence and not to disclose or release without the prior written consent of the other Party, any and all Confidential Information (as defined herein);
provided, that the Parties may disclose, or may permit disclosure of, Confidential Information (a) to their respective auditors, attorneys, financial advisors, bankers and other appropriate consultants and advisors who have a need to know such
information and are informed of their obligation to hold such information confidential to the same extent as is applicable to the Parties hereto and in respect of whose failure to comply with such obligations, COI or the Company Group, as the case
may be, will be responsible or (b) to the extent any member of COI or the Company Group is compelled to disclose any such Confidential Information by judicial or administrative process or, in the opinion of legal counsel, by other requirements
of law. Notwithstanding the foregoing, in the event that any demand or request for disclosure of Confidential Information is made pursuant to clause (b) above, each Party, as the case may be, shall promptly notify the other Party of the
existence of such request or demand and shall provide the other a reasonable opportunity to seek an appropriate protective order or other remedy, which both Parties will cooperate in seeking to obtain. In the event that such appropriate protective
order or other remedy is not obtained, the Party whose Confidential Information is required to be disclosed shall or shall cause the other Party to furnish, or cause to be furnished, only that portion of the Confidential Information that is legally
required to be disclosed. As used in this Section 2, “Confidential Information” shall mean all proprietary, technical or operational information, data or material of one Party that has been disclosed by COI or its
representatives, on the one hand, or the Company Group or its representatives, on the other hand, in written, oral (including by recording), electronic, or visual form to, or otherwise has come into the possession of, the other (except to the extent
that such Information can be shown to have been (i) in the public domain through no fault of such Party or (ii) later lawfully acquired from other sources by the Party to which it was furnished; provided, however, in the case of
(ii) that such sources did not provide such information in breach of any confidentiality obligations). 
 3.
Miscellaneous. 
 3.1 Choice of Law; Submission to Jurisdiction. This Agreement shall be subject to and
governed by the laws of the State of Oklahoma. Each Party hereby submits to the jurisdiction of the state and federal courts in the State of Oklahoma and to venue in Oklahoma City, Oklahoma. 

3.2 Notices. Any notice, demand or communication required or permitted under this Agreement shall be in writing and
delivered personally, by reputable courier, or by telecopier, 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: 
 If to COI, to: 

Chesapeake Operating, Inc. 
 6100 North Western Avenue 
 Oklahoma City, Oklahoma 73118 

Attention: Jennifer M. Grigsby 
 Fax: 405-849-9225 
 If to the Company, to: 

Chesapeake Oilfield Operating, L.L.C. 
 6100 North Western Avenue 
 Oklahoma City, Oklahoma 73118 

Attention: Dave Fisher 
 Fax: 405-849-9260 

  
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 A Party may change its address for the purposes of notices hereunder by giving notice to the other Party
specifying such changed address in the manner specified in this Section 3.2. 
 3.3 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. 
 3.4 Agreement. This Agreement constitutes the entire agreement of the Parties relating to the matters contained herein, superseding all prior contracts or agreements, whether oral or
written, relating to the matters contained herein. 
 3.5 Effect of Waiver or Consent. No waiver or consent, express or
implied, by any Party to or of any breach or default by any person in the performance by such person of its obligations hereunder shall be deemed or construed to be a consent or waiver to or of any other breach or default in the performance by such
person of the same or any other obligations of such person hereunder. Failure on the part of a Party to complain of any act of any person or to declare any other Party in default, irrespective of how long such failure continues, shall not constitute
a waiver by such Party of its rights hereunder until the applicable statute of limitations period has run. 
 3.6 Amendment
or Modification. This Agreement may be amended or modified from time to time only by the written agreement of the Parties. Each such instrument shall be reduced to writing and shall be designated on its face an “Amendment” or an
“Addendum” to this Agreement. 
 3.7 Assignment; Third-Party Beneficiaries. No Party shall have the right to
assign its rights or obligations under this Agreement without the prior written consent of the other Party. Each of the Parties hereto specifically intends that each entity comprising the Company Group, whether or not a Party to this Agreement,
shall be entitled to assert rights and remedies hereunder as third-party beneficiaries hereto with respect to those provisions of this Agreement affording a right, benefit or privilege to any such entity. 

3.8 Counterparts. This Agreement may be executed in any number of counterparts with the same effect as if all signatory Parties
had signed the same document. All counterparts shall be construed together and shall constitute one and the same instrument. 

3.9 Severability. If any provision of this Agreement or the application thereof to any Person or circumstance shall be held
invalid or unenforceable to any extent, the remainder of this Agreement and the application of such provision to other Persons or circumstances shall not be affected thereby and shall be enforced to the greatest extent permitted by law. 

3.10 Interpretation. In this Agreement, unless a clear contrary intention appears: (a) the singular includes the plural and
vice versa; (b) reference to any person means an individual or a corporation, limited liability company, partnership, joint venture, trust, business trust, employee benefit plan, unincorporated organization, association, government agency or
political subdivision thereof or other entity, and 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 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 

  
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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.” 
 3.11 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. 
 3.12 Relationship of the Parties. Nothing in this Agreement shall cause any of COI or the Company Group to become members of any other partnership, joint venture, association, syndicate or other
entity. Nothing in this Agreement shall cause any member of the Company Group to be considered COI, or vice versa. 
 3.13
Warranties; Limitation of Liability. COI will provide the G&A Services in the same manner as services similar to the G&A Services are performed for the Company and its subsidiaries (the “Standard of Care”).
This Standard of Care will be the sole and exclusive standard of care that will be applied to measure COI’s performance of the G&A Services. EXCEPT AS SET FORTH ABOVE IN THIS SECTION 3.13, COI MAKES NO (AND HEREBY DISCLAIMS AND NEGATES ANY
AND ALL) WARRANTIES OR REPRESENTATIONS WHATSOEVER, EXPRESS OR IMPLIED, WITH RESPECT TO THE G&A SERVICES. IN NO EVENT WILL COI OR ANY OF ITS AFFILIATES BE LIABLE TO ANY OF THE PERSONS RECEIVING ANY G&A SERVICES OR TO ANY OTHER PERSON FOR ANY
EXEMPLARY, PUNITIVE, DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL OR SPECIAL DAMAGES RESULTING FROM ANY ERROR IN THE PERFORMANCE OF SUCH G&A SERVICES REGARDLESS OF WHETHER THE PERSON PROVIDING SUCH G&A SERVICES, ITS AFFILIATES OR OTHERS MAY
BE WHOLLY, CONCURRENTLY, PARTIALLY OR SOLELY NEGLIGENT OR OTHERWISE AT FAULT, EXCEPT TO THE EXTENT SUCH EXEMPLARY, PUNITIVE, DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL OR SPECIAL DAMAGES ARE PAID BY THE PARTY INCURRING SUCH DAMAGES TO A PERSON THAT
IS NOT A PARTY TO THIS AGREEMENT. THE PROVISIONS OF THIS SECTION 3.13 WILL SURVIVE TERMINATION OF THIS AGREEMENT. 
 3.14
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. 

3.15 Time of the Essence. Time is of the essence in the performance of this Agreement. 

3.16 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 either 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. 

3.17 Withholding or Granting of Consent. Unless otherwise provided in this Agreement, each Party may, with respect to any consent
or approval that it is entitled to grant pursuant to this Agreement, grant or withhold such consent or approval in its sole and uncontrolled discretion, with or without cause, and subject to such conditions as it shall deem appropriate. 

3.18 Laws and Regulations. Notwithstanding any provision of this Agreement to the contrary, no Party shall be required to take any
act, or fail to take any act, under this Agreement if the effect thereof would be to cause such Party to be in violation of any applicable law, statute, rule or regulation. 

  
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 3.19 Negation of Rights. Except as set forth in Section 3.7, the provisions of
this Agreement are enforceable solely by the Parties, and no other Person shall have the right, separate and apart from COI and any member of the Company Group, to enforce any provision of this Agreement or to compel any Party to comply with the
terms of this Agreement. 
 3.20 No Recourse Against Officers or Directors. For the avoidance of doubt, the provisions of
this Agreement shall not give rise to any right of recourse against any officer or director of COI or any member of the Company Group. 
 3.21 Signatories Duly Authorized. Each of the signatories to this Agreement represents that he or she is duly authorized to execute this Agreement on behalf of the Party for which he or she is
signing and that such signature is sufficient to bind the Party purportedly represented. 
 [Signature page
follows] 

  
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 IN WITNESS WHEREOF, the Parties have executed this Agreement on, and effective as of, the
date first written above. 
  

			
	CHESAPEAKE OILFIELD OPERATING, L.LC.
		
	By:	 	/s/ David L. Fisher
		 	David L. Fisher
		 	Chief Administrative Officer

  

			
	CHESAPEAKE OPERATING, INC.
		
	By:	 	/s/ Jennifer M. Grigsby
		 	Jennifer M. Grigsby
		 	SVP – Treasurer & Corporate Secretary

  
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 Exhibit A 
 CHESAPEAKE OILFIELD OPERATING 
 OVERHEAD CHARGES RECOGNITION POLICY

 The following documents the general procedures for the allocation of general and administrative shared service overhead expense incurred
by Chesapeake Operating, Inc. (“COI”) for and on behalf of Chesapeake Oilfield Operating, L.L.C and its direct and indirect subsidiary companies (collectively, “COO”). Such general and administrative services include Facility,
IT, Human Resources, Treasury, Legal, Executive Management, Security, Environmental/Regulatory, Internal Audit and Accounting. 
 Overhead
expense is calculated on a quarterly basis, recorded monthly and allocated as further described below. 
 Facility 

COI allocates COO overhead expense for its usage of COI Oklahoma City facilities. A per employee expense is calculated using all Oklahoma City employees,
and this is allocated to all COO employees based at COI Oklahoma City facilities. The allocation expense includes the following: (i) depreciation for buildings, grounds, equipment, furniture, fixtures and other facilities; (ii) property
and casualty insurance; and (iii) employee compensation and benefit expenses for employees in corporate communications, graphics, security, fitness, facilities, administrative services, and food services departments. 

Human Resources 
 COI allocates COO
overhead expense for services provided to COO by the COI HR department. A per employee cost is calculated using all employees, and this is allocated to all COO employees. The allocation expense includes the following: (i) department employee
compensation and benefit expense; (ii) department employee Facility expenses using the per employee expense calculation described above; and (iii) other departmental expenses (i.e. training and seminars). 

Information Technology 
 COI allocates
COO overhead expense for services provided to COO by the COI IT department. The IT department provides a detailed cost allocation. This allocation is specific to each department based on actual time and resources utilized for the individual
departments. The IT costs allocated to the items below are utilized with no further allocations. The allocation is prepared by IT personnel and reviewed by IT Management prior to submission. The allocation includes the following: (i) department
employee compensation and benefit expenses; (ii) depreciation for computer equipment and software; and (iii) other departmental expenses (i.e. hardware/software maintenance and supplies, licensing, and data circuits). 

Treasury/Risk Management/Corporate Secretary 
 COI allocates COO overhead expense for services provided to COO by the COI Treasury, Risk Management and Corporate Secretary department. The department head provides the time percentage for each employee
in the department to be allocated to COO. The allocation includes the following: (i) department employee compensation and benefit expense; and (ii) department Facility, IT and HR expense using the per employee expense calculation described
above. 

 Legal 
 COI allocates COO overhead expense for time spent by COI Legal department employees working on COO matters. The department head provides the time percentage to be allocated to COO. The allocation includes
the following: (i) department employee compensation and benefit expense; and (ii) department Facility, IT and HR expense using the per employee expense calculation described above. 
 Executive Management 
 COI allocates COO overhead expense for COI executive expenses. Each
executive provides a time allocation to COO. The allocation includes the following items: (i) executive compensation and benefit expense; and (ii) executive Facility, HR and IT expense using the per employee expense calculation described
above. 
 Security 
 COI
allocates COO overhead expense for services provided to COO by the COI Security department. The department head provides the time percentage to be allocated to COO. The allocation includes the following: (i) department employee compensation and
benefit expense; and (ii) department Facility, HR and IT expense using the per employee expense calculation described above. 

Environmental/Regulatory 
 COI allocates
COO overhead expense for services provided to COO by the COI Environmental/Regulatory department. The department head provides the time percentage for each employee in the department to be allocated to COO. Specifically, this department provides
advisory services for corporate environmental, health, and safety programs. Also, the department provides regulatory guidance and education. The allocation includes the following: (i) department employee compensation and benefit expense; and
(ii) department Facility, HR and IT expense using the per employee expense calculation described above. 
 Internal Audit

 COI allocates COO overhead expense for the COI Internal Audit department’s time spent working on COO matters. The department head
provides the time percentage to be allocated to COO. The allocation includes the following: (i) department employee compensation and benefit expense; (ii) department Facility, HR and IT expense using the per employee expense calculation
described above; and (iii) departmental expenses (i.e. internal audit and contract services). 
 Accounting 

COI allocates COO overhead expense for COI Accounting department employees that perform services for COO. Accounting employees dedicated to COO are
allocated at 100%. Accounting employees not dedicated to COO provide their time percentages to be allocated to COO. The allocation includes the following items: (i) department employee compensation and benefit expense; and (ii) department
Facility, HR and IT expense using the per employee expense calculation described above.EX-10.4

 Exhibit 10.4 
 MASTER LEASE AGREEMENT 
 THIS MASTER LEASE AGREEMENT (this
“Master Lease”) is entered into by and between Chesapeake Land Development Company L.L.C., an Oklahoma limited liability company (“Landlord”), and Chesapeake Oilfield Operating, L.L.C., an Oklahoma limited liability company
(“Tenant”) effective as of January 1, 2012. The effective date of this Master Lease for the purposes of each Leased Premises (as defined below) which is covered hereby (“Effective Date”) shall be that date set forth opposite
each such respective Leased Premises on the schedule attached hereto as Schedule “1” (the “Lease Schedule”). 
 W I T N E S S E T H: 
 WHEREAS, Landlord is the owner of certain real property and
the improvements located thereon as listed on the Lease Schedule (collectively, the “Property”); and 
 WHEREAS,
Landlord has agreed to lease to Tenant, and Tenant has agreed to lease from Landlord all, or in some instances those certain respective portions, of the Property which are reflected on the Lease Schedule (each respective portion, the “Leased
Premises”), subject to the terms and conditions set forth in this Master Lease and the Lease Schedule, as such may be amended from time to time. 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements contained in this Master Lease and for other good and valuable consideration, the receipt and sufficiency of which the parties
hereby acknowledge, the parties agree as follows. 
 1. Leased Premises. Landlord hereby leases to Tenant, and Tenant hereby leases from
Landlord, the respective Leased Premises set forth on the Lease Schedule for the Lease Term (defined below) upon the terms and conditions set forth in this Master Lease. It is the parties expressed intent that each Leased Premises set forth on the
Lease Schedule shall be a separate and distinct lease for the applicable Leased Premises, subject to the terms and provisions of this Master Lease, and any reference herein to Tenant or the Leased Premises or any other term which is specific to a
distinct lease and set forth on the Lease Schedule shall be interpreted so as to give effect to such intent. 
 2. Term. The term of the
Master Lease for each Leased Premises (as applicable, the “Lease Term”) shall commence on the Effective Date for such Leased Premises and shall expire at 11:59 p.m. on December 31, 2014. Thereafter, the Lease Term for each respective
Leased Premises shall automatically renew for successive one (1) year terms (each, a “Renewal Term”) unless either Landlord or Tenant delivers written notice to the other of its election to terminate this Master Lease (the
“Termination Notice”) with respect to such Leased Premises at least ninety (90) days prior to the end of the then existing Lease Term or Renewal Term, as applicable. In the event either party delivers the Termination Notice to the
other pursuant to the terms and conditions contained herein, then this Master Lease shall terminate with respect to such Leased Premises on the last day of the then existing Lease Term or Renewal Term, as applicable. Each Renewal Term shall be upon
the same terms and conditions contained in this Master Lease, except Base Rent for each Renewal Term shall increase by an amount equal to two and one-half percent (2.5%) of the Base Rent payable for such Leased Premises under the Master Lease
for the immediately preceding Lease Term or Renewal Term, as the case may be, of the Master Lease. 
 3. Rent. Throughout the Lease Term,
Tenant shall pay Landlord rent in the annual amount set forth on the Lease Schedule (“Base Rent”), payable monthly in advance to Landlord in equal installments in the amount set forth on the Lease Schedule. The first such monthly
installment of Base Rent shall be due and payable in advance on the Effective Date for such Leased Premises, and thereafter each monthly installment of Base Rent shall be due and payable on or before the 10th day of each calendar month throughout
the Lease Term. 

  

					
	MASTER LEASE AGREEMENT	  		  	

 4. Permitted Use. Tenant may use the Leased Premises for any lawful use, and for no other use without
the prior, written consent of Landlord, which consent Landlord may withhold in its sole discretion. 
 5. Common Area. In the event that
the Leased Premises comprises only a portion of any respective Property, then Tenant shall have a nonexclusive license to use the Common Area (as defined below) of the larger parcel of property of which the Leased Premises is a part (the
“Project”) as now or at any time during the Lease Term may exist, in common with Landlord, other tenants and their respective agents, employees, subtenants, licensees, concessionaires and invitees. The term “Common Area” is
defined for all purposes of this Master Lease as that part of the Project intended for the common use of Tenant and any other tenants, as well as Landlord, including, but not limited to, sidewalks, parking areas and lighting, access roads, means of
ingress and egress to public roads, driveways, landscaped areas, truck service ways, loading docks, common storage areas, parcel pick-up areas, restrooms, fire suppression systems, detention and retention ponds and related pipes, if any, green
spaces and common utility facilities not owned by public utilities as the same may from time to time be constructed and maintained for such use. The Common Area shall be subject to the exclusive control and management of Landlord. Landlord shall, at
all times, have full control over the layout and extent of said Common Area, and the right, at any time, to change the location, shape, height, size, nature and configuration of the Common Area in the Project. Landlord may, at any time, close any
portions of the Common Area to make repairs or changes, to prevent the acquisition of public rights in such area, and may do such other acts in and to the Common Area as in Landlord’s judgment may be desirable. 

6. Tenant’s Responsibility for Expenses for Common Area Maintenance, Operating Expenses, Taxes and Insurance. 

 

	 	6.1.	In addition to the Base Rent and other charges prescribed in this Master Lease, Tenant shall pay to Landlord, as “Additional Rent,” Tenant’s
Proportionate Share (as defined herein) of the “Common Area Maintenance Charge”, “Operating Expenses”, “Taxes” and “Insurance Expenses”, all as provided below. The Base Rent, together with any Additional Rent,
may be referred to collectively as “Rent.” For purposes of this Master Lease, “Proportionate Share” shall mean a fraction whose numerator is the square footage of the Leased Premises and whose denominator is the square footage of
the buildings in the Project. 

  

	 	6.2.	For purposes of this Master Lease, the term “Operating Expenses” shall include the following: the total cost of operating, repairing, maintaining and
replacing the Project including, without limitation, costs and expenses of every kind and nature paid or incurred relating to the foundation; the structural components; exterior masonry walls; windows, doors and exterior window and door frames; any
plumbing, mechanical, electrical and HVAC systems for the Leased Premises; and the roof of the building(s) in which the Leased Premises is located; policing and protecting; cleaning; repairing, replacing and maintaining any driveways and parking
areas; retaining walls; entry-way features; and other Project improvements and facilities which are used by Tenant. Each month during the Lease Term, Tenant shall pay to Landlord one-twelfth (1/12) of Tenant’s Proportionate Share of the
estimated Operating Expenses at the same time and the same manner as the time and manner of the payment of Base Rent provided in this Master Lease. The amount of the initial monthly charge for Operating Expenses for each Leased Premises is set forth
in the Lease Schedule. The monthly Operating Expenses payment is subject to increase at any time during the Lease Term as determined by Landlord in its commercially reasonable judgment in order to reflect an accurate escrow of Tenant’s
estimated Proportionate Share of the Operating Expenses. 

  

					
	MASTER LEASE AGREEMENT	  	2	  	

	 	6.3.	For purposes of this Master Lease, to the extent applicable to any respective Leased Premises, the term “Common Area Maintenance Charge” shall mean the total
cost of operating, repairing, maintaining and replacing the Common Area including, without limitation, costs and expenses of every kind and nature paid or incurred in operating, equipping, securing, policing and protecting, lighting, heating, air
conditioning, painting, cleaning, managing, providing utilities and other services, repairing, replacing and maintaining: (i) the Common Area, (ii) any parking areas maintained for the benefit of the Project, and (iii) all buildings,
roofs, retaining walls, entry-way features, water features and other Project improvements and facilities which are used in common with other tenants of the Project, or in connection with the maintenance and/or operation of, and whether located
within or outside of, the Project. Each month during the Lease Term, Tenant shall pay to Landlord one-twelfth (1/12) of Tenant’s Proportionate Share of the estimated Common Area Maintenance Charge at the same time and the same manner as
the time and manner of the payment of Base Rent provided in this Master Lease. The amount of the initial monthly charge for Common Area Maintenance Charge for each Leased Premises is set forth in the Lease Schedule. The monthly Common Area
Maintenance Charge payment is subject to increase at any time during the Lease Term as determined by Landlord in its commercially reasonable judgment in order to reflect an accurate escrow of Tenant’s estimated Proportionate Share of the Common
Area Maintenance Charge. 

  

	 	6.4.	 For purposes of this Master Lease, the term “Taxes” shall mean any and all real property taxes, assessments and fees levied or assessed
against the Project, as well as expenses and reasonable attorneys’ fees incurred by Landlord in contesting the validity or amount of any such charges or in seeking a rebate for such charges; provided, however, that Taxes shall not be deemed to
include any franchise, estate, inheritance or general income tax. Each month during the Lease Term, Tenant shall pay to Landlord one-twelfth (1/12) of Tenant’s Proportionate Share of the estimated Taxes for the current calendar year (which
estimate Landlord shall provide in advance) at the same time and the same manner as the time and manner of the payment of Base Rent provided in this Master Lease. The amount of the initial monthly charge for Taxes for each Leased Premises is set
forth in the Lease Schedule. The monthly Taxes payment is subject to increase at any time during the Lease Term as determined by Landlord in its commercially reasonable judgment in order to reflect an accurate escrow of Tenant’s estimated
Proportionate Share of the Taxes. In addition, Tenant shall be liable for and shall pay, prior to delinquency, any and all taxes, assessments, levies, fees and other governmental charges of every kind or nature levied or assessed by municipal,
county, state, federal or other taxing or assessing authority upon, against or with respect to: (i) the Leased Premises or any leasehold interest therein, (ii) all furniture, fixtures, equipment and any personal property of any kind owned
by Tenant or any previous tenant and occupant, and placed, installed or located in, within, upon or about the Leased Premises, (iii) all alterations, additions or improvements of whatever kind or nature, if any, made to the Leased Premises, by
or on behalf of Tenant or any previous occupant, or (iv) rent payable by Tenant to Landlord, 

  

					
	MASTER LEASE AGREEMENT	  	3	  	

	 	
irrespective of whether the foregoing are assessed as real or personal property, and irrespective of whether any of such items are assessed to or against Landlord or Tenant. If at any time during
the Lease Term any of such taxes are not levied and assessed separately and directly to Tenant, Tenant shall pay to Landlord as rent, Tenant’s share thereof as reasonably determined by Landlord. 

 

	 	6.5.	For purposes of this Master Lease, the term “Insurance Expenses” shall mean all premiums and other expenses incurred by Landlord for insurance for the Project
and, to the extent applicable at any respective Leased Premises, the Common Area. Such insurance shall include property and liability insurance, endorsements or special coverages which Landlord, in Landlord’s commercially reasonable judgment,
determines is appropriate. Each month during the Lease Term, Tenant shall pay to Landlord one-twelfth (1/12) of Tenant’s Proportionate Share of the estimated Insurance Expenses for the current calendar year (which estimate Landlord shall
provide in advance) at the same time and the same manner as the time and manner of the payment of Base Rent provided in this Master Lease. The amount of the initial monthly charge for Insurance Expenses for each Leased Premises is set forth in the
Lease Schedule. The monthly Insurance Expenses payment is subject to increase at any time during the Lease Term as determined by Landlord in its commercially reasonable judgment in order to reflect an accurate escrow of Tenant’s estimated
Proportionate Share of the Insurance Expenses. 

  

	 	6.6.	The actual costs of the Common Area Maintenance Charge, Operating Expenses, Taxes and Insurance Expenses and the payments made by Tenant for such items during the same
period shall be reconciled annually by Landlord within one hundred twenty (120) days after the end of each calendar year. If Tenant’s total of any of the Common Area Maintenance Charge, Operating Expenses, Taxes or Insurance Expenses
payments made by Tenant during any given calendar year (or partial year, as appropriate) are less than Tenant’s actual Proportionate Share of such payments determined by Landlord after the end of such calendar year, Tenant shall pay to Landlord
upon demand, the difference; if the total of any of such payments exceed Tenant’s actual Proportionate Share of the same expenses, Landlord shall retain such excess and at Landlord’s option such excess sum shall either (i) be credited
against the next maturing installments due from Tenant to Landlord for Tenant’s rent or (ii) be refunded to Tenant within thirty (30) days after Landlord’s final determination of such excess amount. 

 

	7.	State of Repair and Maintenance. 

  

	 	7.1.	Tenant accepts the Leased Premises and Project AS IS, WHERE IS, AND WITHOUT ANY WARRANTIES OF ANY NATURE, EXPRESS OR IMPLIED, IN FACT OR BY LAW, INCLUDING WITHOUT
LIMITATION, THE IMPLIED WARRANTIES OF HABITABILITY, SUITABILITY, MERCHANTABILITY AND FITNESS FOR ANY PARTICULAR PURPOSE CONTAINED IN OR CREATED BY THE UNIFORM COMMERCIAL CODE OR OTHER LAWS IN THE STATE IN WHICH THE LEASED PREMISES IS LOCATED.

  

	 	7.2.	 So long as no Event of Default exists hereunder, Landlord shall provide the following throughout the Lease Term: (i) Landlord shall keep the
Project in good condition and repair; provided, Landlord shall not be required to make any repairs occasioned by the act or negligence of the Tenant, its agents, employees, assignees, licensees, concessionaires

  

					
	MASTER LEASE AGREEMENT	  	4	  	

	 	
or invitees. In the event that the Leased Premises or any portion of the Project, as applicable, should become in need of repairs or maintenance required to be made by Landlord under this Master
Lease, Tenant shall give prompt written notice thereof to Landlord, and Landlord shall not be responsible for failure to make any such repairs or maintenance until a reasonable time shall have elapsed after receipt by Landlord of such written
notice. 

  

	 	7.3.	Tenant, at such Tenant’s sole cost and expense, shall make any repairs and replacements to the Leased Premises, except for Landlord’s obligations under
Section 7.2 of this Master Lease, and otherwise keep the Leased Premises in good, clean and habitable condition. 

  

	 	7.4.	Upon the expiration of the Lease Term, any Renewal Term or earlier termination of this Master Lease, Tenant shall deliver the Leased Premises to Landlord in
substantially the same condition as existed on the Effective Date, ordinary wear and tear excepted. 

 8. Insurance.
Throughout the Lease Term, Tenant, at Tenant’s sole cost and expense, shall maintain the following policies of insurance insuring Tenant: (a) worker’s compensation insurance and employer’s liability insurance with respect to all
employees of Tenant if and as required by law, and (b) commercial general liability insurance for injury to or death of any person occasioned by or arising out of or in connection with occupancy of the Leased Premises, in such amounts as
required by Landlord. Landlord shall be named an additional insured on the insurance described in (a) above and shall be extended a waiver of subrogation on the insurance described in both (a) and (b) above. The foregoing policies
shall be written by an insurance company reasonably acceptable to Landlord. In addition, Tenant shall be solely responsible for obtaining and maintaining a policy or policies of insurance insuring any personal property, equipment and trade fixtures
owned by Tenant. 
 9. Utilities. Throughout the Lease Term and any Renewal Term, Tenant shall punctually pay all utility deposits and
the costs of all utility services for any utilities used on or at the Leased Premises. If any utility service to the Leased Premises is not separately metered (or submetered), then Tenant shall pay upon demand to Landlord its proportionate share of
the cost of such service as reasonably determined by Landlord. 
 10. Alterations; Signage. Tenant may not alter the Leased Premises or
install improvements or fixtures therein without the prior written consent of Landlord, which consent may be withheld at Landlord’s sole discretion. Throughout the Lease Term and any Renewal Term, Tenant may, at Tenant’s sole cost and
expense, place signs upon the Project advertising such Tenant’s business subject to the prior, written consent of Landlord, which may be withheld at Landlord’s sole discretion. 
 11. Covenant of Quiet Enjoyment. Throughout the Lease Term and any Renewal Term, provided Tenant pays rent and performs all of its other covenants and obligations hereunder, Tenant shall peacefully
hold and enjoy the Leased Premises without any disturbance from Landlord or from any other individual or entity claiming by or through Landlord. 
 12. No Liability of Landlord. Landlord shall not have any liability to Tenant or to any other person for any damage to any person or property caused by or attributable to (a) the operation of
Tenant’s business on the Leased Premises, (b) the presence, use, installation or removal of any equipment, fixtures, systems, improvements or other structures of any kind on the Leased Premises during the Lease Term or any Renewal Term or
(c) Tenant’s failure to keep the Leased Premises in proper repair in accordance herewith. 

  

					
	MASTER LEASE AGREEMENT	  	5	  	

 13. Compliance with Laws. The Leased Premises may only be used in full compliance with all recorded
instruments and other restrictive covenants applicable to the Project and Leased Premises and all federal, state, county, municipal and other governmental statutes, laws, rules, orders, regulations and ordinances. Tenant shall procure at its sole
expense any permits and licenses required for the transaction of business on the Leased Premises and/or in any way related to the Leased Premises, and shall make at Tenant’s own cost and expense all repairs, additions and alterations to the
Leased Premises ordered or required by any governmental authorities, whether in order to meet the special needs of Tenant, or by reason of the occupancy of such Tenant, or otherwise. 
 14. Indemnity. TENANT SHALL INDEMNIFY, PROTECT, DEFEND, AND SAVE HARMLESS LANDLORD AND LANDLORD’S AFFILIATED COMPANIES, EMPLOYEES, AGENTS, MEMBERS, PARTNERS, OFFICERS, DIRECTORS, SHAREHOLDERS,
SUCCESSORS, AND ASSIGNS (COLLECTIVELY, THE “INDEMNITEES”) FROM AND AGAINST ANY AND ALL LIABILITIES, DAMAGES, CLAIMS, SUITS, INJURIES, CAUSES OF ACTION, DEMANDS, LOSSES, LIENS, FINES, PENALTIES, EXPENSES, AND COSTS (INCLUDING COURT COSTS,
REASONABLE ATTORNEYS’ FEES, AND COSTS OF INVESTIGATION) OF ANY KIND ARISING OR ALLEGED TO ARISE BY REASON OF INJURY TO OR DEATH OF ANY PERSON OR DAMAGE TO OR LOSS OF PROPERTY OCCURRING ON, IN, OR ABOUT THE LEASED PREMISES OR PROJECT OR BY
REASON OF ANY OTHER CLAIM WHATSOEVER OF ANY PERSON OR PARTY OCCASIONED OR ALLEGED TO BE OCCASIONED IN WHOLE OR IN PART (a) BY ANY ACT OR OMISSION ON THE PART OF TENANT OR BY ANYONE UNDER TENANT’S CONTROL THAT IS RELATED TO TENANT’S
USE AND OCCUPANCY OF THE LEASED PREMISES OR PROJECT OR (b) BY ANY BREACH, VIOLATION, OR NONPERFORMANCE OF ANY COVENANT OF TENANT UNDER THIS MASTER LEASE (COLLECTIVELY, “LIABILITIES”), EVEN IF SUCH LIABILITIES ARISE FROM OR ARE
ATTRIBUTED TO THE CONCURRENT SIMPLE NEGLIGENCE (BUT NOT THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT) OF ANY INDEMNITEE. The provisions of this paragraph apply to all activities or omissions of a Tenant with respect to this Master Lease, whether
occurring before or after the Effective Date of this Master Lease and before or after the expiration or termination of this Master Lease and shall expressly survive the expiration or earlier termination of this Master Lease. 

15. Waiver of Liability. TENANT WAIVES ALL CLAIMS AGAINST THE INDEMNITEES FOR INJURY TO OR DEATH OF PERSONS OR FOR ANY LOSS OF OR DAMAGE TO
PROPERTY OF SUCH TENANT (OR TENANT’S GUESTS AND INVITEES), REGARDLESS OF WHETHER THE LOSS OR DAMAGE IS DUE TO CASUALTY, THEFT, OR ANY OTHER CAUSE (INCLUDING THE CONCURRENT NEGLIGENCE OF ANY INDEMNITEE), UNLESS THE INJURY, DEATH, LOSS, OR DAMAGE
IS CAUSED SOLELY BY THE WILLFUL MISCONDUCT OR GROSS NEGLIGENCE OF AN INDEMNITEE. ALL OF TENANT’S (OR TENANT’S GUESTS’ AND INVITEES) PERSONAL PROPERTY ON THE LEASED PREMISES OR PROJECT (INCLUDING MOTOR VEHICLES) IS AT THE RISK OF SUCH
TENANT (OR TENANT’S GUESTS AND INVITEES) ONLY, AND TENANT WAIVES ALL CLAIMS AGAINST INDEMNITEES FOR ANY DAMAGE TO OR THEFT OF PERSONAL PROPERTY ON THE PROJECT, WHETHER OR NOT DUE IN WHOLE OR IN PART TO THE NEGLIGENCE OF ANY INDEMNITEE. The
provisions of this paragraph apply to all activities or omissions of Tenant with respect to this Master Lease, whether occurring before or after the Effective Date of this Master Lease and before or after the expiration or termination of this Master
Lease and shall expressly survive the expiration or earlier termination of this Master Lease. 

  

					
	MASTER LEASE AGREEMENT	  	6	  	

 16. Discharge of Liens. No work done by Tenant on the Leased Premises or Project pursuant to this
Master Lease or otherwise shall be deemed to be for the immediate use and benefit of Landlord so that no mechanic’s or other lien shall be allowed against the estate of Landlord. If any mechanic’s, materialman’s or other types of
liens or lien claims are filed against the Leased Premises arising or resulting from actions or omissions by Tenant, then Tenant shall promptly secure the discharge of record thereof. 
 17. Waiver of Subrogation. Landlord and Tenant waive any and all rights of recovery, demands, claims, actions and causes of action against the other party and the agents, directors, officers and
employees of the other party, for any physical loss or damage that might occur to the Leased Premises, as applicable, including (without limitation) all improvements, fixtures, equipment, and all personal property of the other party on or about the
Leased Premises, by reason of fire, other casualty, or any other cause for which insurance is required to be carried under the terms of this Master Lease or actually covers the loss or damage, regardless of the cause or origin, including negligence
of the other party or the agents, directors, officers and employees of the other party. 
 18. Fire and Other Casualty Losses. If fire or
other casualty damages the Project or Leased Premises, Tenant shall promptly notify Landlord thereof in writing. If Landlord does not elect to terminate the Master Lease with respect to the Leased Premises as hereinafter provided, then Landlord
shall proceed with reasonable diligence to rebuild and repair the Project and Leased Premises to substantially the same condition as existed on the Effective Date. In the event that the Leased Premises or Project shall be destroyed or rendered
untenantable as determined by Landlord, then Landlord may elect to either (i) proceed to rebuild and repair the Project and Leased Premises in accordance herewith or (ii) terminate this Master Lease with respect to the Leased Premises by
providing written notice thereof to Tenant within thirty (30) days after the date of such casualty, in which event this Master Lease shall terminate with respect to the Leased Premises as of the date of such notice and the parties shall have no
further obligations to the other with respect to the Leased Premises except for those obligations that survive the termination or expiration of this Master Lease with respect to the Leased Premises as provided herein. 

19. Eminent Domain. If more than thirty percent (30%) of the Leased Premises should be taken for any public or quasi-public use under any
governmental law, ordinance or regulation or by right of eminent domain or by private purchase in lieu thereof, this Master Lease shall terminate with respect to such Leased Premises and all Rent related thereto shall be abated during the unexpired
portion of this Master Lease, effective on the date physical possession is taken by the condemning authority. If less than thirty percent (30%) of the Leased Premises should be taken as aforesaid, this Master Lease shall not terminate with
respect to such Leased Premises; however, the Rent payable under this Master Lease with respect to such Leased Premises during the unexpired portion of this Master Lease shall be reduced in proportion to the area taken, effective on the date
physical possession is taken by the condemning authority. Following such partial taking and Landlord’s receipt of any condemnation award, Landlord shall make all necessary repairs or alterations to the remaining premises required to make the
remaining portions of the Leased Premises an architectural whole. If any substantial part of the Project shall be taken as aforesaid, and regardless of whether or not the Leased Premises or any part thereof is so taken or appropriated, Landlord
shall have the right in its sole discretion to terminate this Master Lease with respect to such Leased Premises. All compensation awarded for any taking (or the proceeds of private sale in lieu thereof) of the Leased Premises, the Project or the
Common Area shall be the property of Landlord, and Tenant hereby assigns its interest therein, if any, to Landlord. 
 20. Default;
Remedies. As used in this Master Lease, an “Event of Default” shall mean any failure or breach of an obligation of Tenant under this Master Lease solely as it pertains to such Tenant for its Leased Premises. Upon the occurrence of any
Event of Default, Landlord shall give Tenant written notice thereof and Tenant shall have five (5) days to cure such Event of Default. Upon Tenant’s failure to cure any such Event of Default, Landlord may exercise any right or remedy
available to Landlord at law or in equity against Tenant. 

  

					
	MASTER LEASE AGREEMENT	  	7	  	

 21. Transfer, Assignment and Subletting. Tenant shall have no right to transfer or assign this Master
Lease or sublet any part of the Leased Premises unless Tenant obtains the prior, written consent of the Landlord, which may be withheld in Landlord’s sole discretion. Notwithstanding the foregoing, Tenant shall have the right at any time,
without obtaining Landlord’s consent, to assign the Master Lease or sublease all or any portion of the Leased Premises (i) to an entity in which Tenant or a Parent (as defined below) holds an interest of fifty percent (50%) or more;
(ii) to a subsidiary, affiliate, division or corporation controlling, controlled by or under common control with Tenant; (iii) to a person or entity which holds an interest in Tenant of fifty percent (50%) or more (a
“Parent”); (iv) a successor corporation related to Tenant or a Parent by merger, consolidation, non-bankruptcy reorganization or government action; (v) in connection with a sale or other transfer of all or substantially all of
the assets of Tenant or Parent; (vi) in connection with a sale or other transfer of fifty percent (50%) or more of the then outstanding ownership interests (e.g., stock, membership or partnership interests) in Tenant or Parent; or
(vii) in connection with a merger, consolidation or other corporate reorganization of Tenant or Parent. 
 22. Notice. Except as
otherwise provided in this Master Lease, when this Master Lease makes provision for notice or concurrence of any kind, the sending party shall deliver or address the notice to the other party by personal delivery, certified mail or
nationally-recognized overnight delivery service to the following address: 
  

			
	 Landlord:
	  	 Chesapeake Land Development Company, L.L.C.
 P.O. Box 54853
 Oklahoma City, OK 73154-0496

Attn: Dan LeDonne

		
	 With copy to:
	  	 Joe C. Lewallen, Jr., Esq.

Commercial Law Group, P.C.
 5520 N. Francis
Avenue
 Oklahoma City, OK 73118

		
	 Tenant:
	  	 Chesapeake Oilfield Operating, L.L.C.
 6100 N. Western Avenue
 Oklahoma City, OK 73118

Attn: David C. Treadwell

 All notices pursuant to the provisions of this Master Lease shall run from the date that the notice is hand delivered if
personally delivered, or when placed in the United States mail or with the overnight delivery carrier. A party may change the party’s address by giving written notice to the other party. 
 23. Holdover. If Tenant remains in possession of the Leased Premises after the expiration of the Lease Term, any Renewal Term or the termination of this Master Lease with respect to such Leased
Premises, Tenant shall constitute a tenant from month to month, subject to all of the conditions, provisions and obligations of this Master Lease, to the extent the same apply to a month-to-month tenancy, except that the rent shall be one hundred
percent (100%) of the rent payable hereunder prior to the expiration or termination of the Lease Term. This Section shall not constitute granting Tenant any option to extend the term of the Master Lease. 

  

					
	MASTER LEASE AGREEMENT	  	8	  	

 24. Surrender of Leased Premises. Upon any termination or expiration of this Master Lease for a
Leased Premises, Tenant shall peaceably quit and surrender such Leased Premises to Landlord, and Landlord may without further notice enter upon, re-enter, possess, and repossess itself thereof by summary proceedings, ejectment, or otherwise, and
Landlord may dispose and remove Tenant from the Leased Premises. 
 25. Access By Landlord. Upon reasonable notice to Tenant, Landlord
and its agents and employees may enter the Leased Premises for any reason, provided, however, Landlord shall use its commercially reasonable efforts to minimize any interference with Tenant’s business operations at the Leased Premises.

 26. Exculpation. Notwithstanding any other provision of this Master Lease, Tenant agrees that it will look solely to the equity,
estate and property of Landlord in the land and improvements comprising the Leased Premises for the collection of any judgment requiring the payment of money by Landlord; and Tenant understands and agrees that no other assets of Landlord or its
officers, members or directors shall be subject to levy, execution or other process for the satisfaction of any such judgment or for the enforcement of any rights or remedies of Tenant. 
 27. Parking. Tenant will require its employees to use such space in the Project as Landlord may designate from time to time as parking spaces for the general use of tenants and employees. Landlord
may from time to time designate certain parking spaces in the Project or, if applicable, the Common Area, for use by the employees and invitees of particular tenants of the Project. In such case, Tenant will use Tenant’s best efforts to prevent
Tenant’s employees and invitees from violating such designations. If any employee or invitee of Tenant violates this Section or the parking rules and regulations established by Landlord, Landlord may revoke Tenant’s license to use the
parking areas in the Project and pursue any other remedies granted under the terms of this Master Lease. 
 28. Lease Schedule. The
parties acknowledge that the Lease Schedule may be modified, amended or changed from time to time by an amendment signed by Landlord and Tenant. In such event, the newly modified Lease Schedule shall supercede all prior Lease Schedules hereunder,
and all prior Lease Schedules shall thereafter be of no further force and effect. 
 29. Miscellaneous. This Master Lease constitutes the
entire written agreement of the parties with regard to the subject matter of this Master Lease and replaces and supersedes all other written and oral Leases and statements of the parties relating to the subject matter of this Master Lease. The
failure of a party to insist in any one or more instances on the performance of any term or condition of this Master Lease shall not operate as a waiver of any future performance of that term or condition. The laws of the State of Oklahoma shall
govern the formation and construction of the terms and provisions of this Master Lease. This Master Lease binds and inures to the benefit of the parties and their respective successors, legal representatives, heirs and permitted assigns. No
amendments to this Master Lease shall become effective or binding on the parties, unless agreed to in writing by all of the parties. Time is of the essence in each and every part of this Master Lease. The parties may execute this Master Lease in
counterparts, each of which shall constitute an original and all of which, when taken together, shall constitute one and the same instrument. To facilitate execution of this Master Lease, the parties may execute and exchange, by telephone facsimile
or electronic mail PDF, counterparts of the signature pages. It is the intention of the parties to create the relationship of Landlord and Tenant and no other. 
 (Signature Page to Follow) 

  

					
	MASTER LEASE AGREEMENT	  	9	  	

 Executed as of the day and year first set forth above. 

 

							
	Landlord:	 		 	 Chesapeake Land Development Company, L.L.C.,
 an Oklahoma limited liability company

				
		 		 	By:	 	/s/ Henry J. Hood
		 		 	Name:	 	Henry J. Hood
		 		 	Title:	 	 Senior Vice President - Land and Legal
 and General Counsel

			
	Tenant:	 		 	 Chesapeake Oilfield Operating, L.L.C.,
 an Oklahoma limited liability company

				
		 		 	By:	 	/s/ Jerry L. Winchester
		 		 	Name:	 	Jerry L. Winchester
		 		 	Title:	 	Chief Executive Officer

  

					
	MASTER LEASE AGREEMENT	  		  	

 Schedule “1” 

Lease Schedule 

  

					
	MASTER LEASE AGREEMENT

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