Document:

Exhibit

INDEMNIFICATION AGREEMENT
This Indemnification Agreement (“Agreement”) is made as of [•], 2017, by and between Jagged Peak Energy Inc., a Delaware corporation (the “Company”), and [•] (“Indemnitee”).

RECITALS:
WHEREAS, directors, officers and other persons in service to corporations or business enterprises are subjected to expensive and time-consuming litigation relating to, among other things, matters that traditionally would have been brought only against the Company or business enterprise itself;
WHEREAS, highly competent persons have become more reluctant to serve as directors, officers or in other capacities unless they are provided with adequate protection through insurance and adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of the corporation;
WHEREAS, the Board of Directors of the Company (the “Board”) has determined that the increased difficulty in attracting and retaining such persons is detrimental to the best interests of the Company and its stockholders and that the Company should act to assure such persons that there will be increased certainty of such protection in the future;
WHEREAS, (i) the Amended and Restated Bylaws of the Company (as may be amended, the “Bylaws”) require indemnification of the officers and directors of the Company, (ii) Indemnitee may also be entitled to indemnification pursuant to the General Corporation Law of the State of Delaware (“DGCL”) and (iii) the Bylaws and the DGCL expressly provide that the indemnification provisions set forth therein are not exclusive and thereby contemplate that contracts may be entered into between the Company and members of the Board, officers and other persons with respect to indemnification;
WHEREAS, this Agreement is a supplement to and in furtherance of the Bylaws and the Amended and Restated Certificate of Incorporation of the Company (as may be amended, the “Certificate of Incorporation”) and any resolutions adopted pursuant thereto, and shall not be deemed a substitute therefore, nor to diminish or abrogate any rights of Indemnitee thereunder; and
WHEREAS, (i) Indemnitee does not regard the protection available under the Bylaws and insurance as adequate in the present circumstances, (ii) Indemnitee may not be willing to serve or continue to serve as a director or officer of the Company without adequate protection, (iii) the Company desires Indemnitee to serve in such capacity, and (iv) Indemnitee is willing to serve, continue to serve and to take on additional service for or on behalf of the Company on the condition that he be so indemnified.
AGREEMENT:
NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows:
Section 1.Definitions.  (i) As used in this Agreement:
“Affiliate” of any specified Person shall mean any other Person controlling, controlled by or under common control with such specified Person. 
“Corporate Status” describes the status of a person who is or was a director, officer, employee or agent of (i) the Company or (ii) any other corporation, limited liability company, partnership or joint venture, trust, employee benefit plan or other enterprise which such person is or was serving at the request of the Company.
“Disinterested Director” shall mean a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee.
“Enterprise” shall mean the Company and any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary.
“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.
“Expenses” shall mean all reasonable costs, expenses, fees and charges, including, without limitation, attorneys’ fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding.  Expenses also shall include, without limitation, (i) expenses incurred in connection with any appeal resulting from, incurred by Indemnitee in connection with, arising out of, or in respect of or relating to, any Proceeding, including, without limitation, the premium, security for, and other costs relating to any cost bond, supersedes bond, or other appeal bond or its equivalent, (ii) for purposes of Section 13(d) hereof only, expenses incurred by Indemnitee in connection with the interpretation, enforcement or defense of Indemnitee’s rights under this Agreement, by litigation or otherwise, (iii) any federal, state, local or foreign taxes imposed on Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement, and (iv) any interest, assessments or other charges in respect of the foregoing.  “Expenses” shall not include “Liabilities.”
“Indemnity Obligations” shall mean all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.
“Independent Counsel” shall mean a law firm of fifty (50) or more attorneys, or a member of a law firm of fifty (50) or more attorneys, that is experienced in matters of corporation law and neither presently is, nor in the past five (5) years has been, retained to represent:  (i) the Company or Indemnitee in any matter material to either such party (other than with respect to matters concerning Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder; provided, however, that the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement.
“Liabilities” shall mean all claims, liabilities, damages, losses, judgments, orders, fines, penalties and other amounts payable in connection with, arising out of, or in respect of or relating to any Proceeding, including, without limitation, amounts paid in settlement in any Proceeding and all costs and expenses in complying with any judgment, order or decree issued or entered in connection with any Proceeding or any settlement agreement, stipulation or consent decree entered into or issued in settlement of any Proceeding.
“Person” shall mean any individual, corporation, partnership, limited partnership, limited liability company, trust, governmental agency or body or any other legal entity.
“Proceeding” shall mean any threatened, pending or completed action, claim, suit, arbitration, alternate dispute resolution mechanism, formal or informal hearing, inquiry or investigation, litigation, inquiry, administrative hearing or any other actual, threatened or completed judicial, administrative or arbitration proceeding (including, without limitation, any such proceeding under the Securities Act of 1933, as amended, or the Exchange Act or any other federal law, state law, statute or regulation), whether brought in the right of the Company or otherwise, and whether of a civil, criminal, administrative or investigative nature, in each case, in which Indemnitee was, is or will be, or is threatened to be, involved as a party, witness or otherwise by reason of the fact that Indemnitee is or was a director or officer of the Company, by reason of any actual or alleged action taken by Indemnitee or of any action on Indemnitee’s part while acting as director or officer of the Company, or by reason of the fact that he is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, limited liability company, partnership, joint venture, trust or other enterprise, in each case whether or not serving in such capacity at the time any liability or expense is incurred for which indemnification, reimbursement, or advancement can be provided under this Agreement.
“Sponsor Entities” means (i) Q-Jagged Peak Energy Investment Partners, LLC, a Delaware limited liability company, and (ii) any of its respective Affiliates and any investment fund or other Person advised or managed by any Sponsor Entity; provided, however, that neither the Company nor any of its subsidiaries shall be considered Sponsor Entities hereunder. 
(a)    For the purpose hereof, references to “fines” shall include any excise tax assessed with respect to any employee benefit plan; references to “serving at the request of the Company” shall include any service as a director, officer, employee or agent of the Company which imposes duties on, or involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants or beneficiaries; and a Person who acted in good faith and in a manner he reasonably believed to be in the best interests of the participants and beneficiaries of an employee benefit plan shall be deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to in this Agreement.
Section 2.    Indemnity in Third-Party Proceedings.  The Company shall indemnify and hold harmless Indemnitee, to the fullest extent permitted by applicable law, from and against all Liabilities and Expenses suffered or reasonably incurred (and, in the case of retainers, reasonably expected to be incurred) by Indemnitee or on Indemnitee’s behalf in connection with any Proceeding (other than any Proceeding brought by or in the right of the Company to procure a judgment in its favor), or any claim, issue or matter therein.
Section 3.    Indemnity in Proceedings by or in the Right of the Company.  The Company shall indemnify and hold harmless Indemnitee, to the fullest extent permitted by applicable law, from and against all Liabilities and Expenses suffered or incurred by Indemnitee or on Indemnitee’s behalf in connection with any Proceeding brought by or in the right of the Company to procure a judgment in its favor, or any claim, issue or matter therein.  No indemnification for Liabilities and Expenses shall be made under this Section 3 in respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudged by a court to be liable to the Company, unless and only to the extent that the Delaware Court of Chancery or any court in which the Proceeding was brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to such indemnification.
Section 4.    Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provisions of this Agreement, and without limiting the rights of Indemnitee under any other provision hereof, including any rights to indemnification pursuant to Sections 2 or 3 hereof, to the fullest extent permitted by applicable law, to the extent that Indemnitee is successful, on the merits or otherwise, in any Proceeding or in defense of any claim, issue or matter therein, in whole or in part, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with each successfully resolved Proceeding, claim, issue or matter.  For purposes of this Section 4 and without limitation, the termination of any Proceeding or claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter.
Section 5.    Indemnification For Expenses of a Witness.  Notwithstanding any other provision of this Agreement, to the fullest extent permitted by applicable law and to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness or otherwise a participant in any Proceeding to which Indemnitee is not a party, Indemnitee shall be indemnified against all Expenses suffered or incurred (or, in the case of retainers, reasonably expected to be incurred) by Indemnitee or on Indemnitee’s behalf in connection therewith.
Section 6.    Additional Indemnification.  Notwithstanding any limitation in Sections 2, 3 or 4 hereof, the Company shall indemnify Indemnitee to the fullest extent permitted by applicable law if Indemnitee is a party to or threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment in its favor) against all Liabilities and Expenses suffered or reasonably incurred by Indemnitee in connection with such Proceeding, including but not limited to:
(a)    the fullest extent permitted by the provision of the DGCL that authorizes or contemplates additional indemnification by agreement, or the corresponding provision of any amendment to or replacement of the DGCL; and
(b)    the fullest extent authorized or permitted by any amendments to or replacements of the DGCL adopted after the date of this Agreement that increase the extent to which a corporation may indemnify its officers and directors.
Section 7.    Spousal Indemnification.  The Company shall indemnify Indemnitee’s spouse to whom Indemnitee is legally married at any time Indemnitee is covered under the indemnification provided in this Agreement (even if Indemnitee does not remain married to such spouse during the entire period of coverage) against third-party Proceedings or direct or derivative actions or suits for the same period, to the same extent and subject to the same standards, limitations, obligations and conditions under which Indemnitee is provided indemnification herein, if Indemnitee’s spouse (or former spouse) becomes involved in a Proceeding solely by reason of his or her status as Indemnitee’s spouse, including, without limitation, any Proceeding that seeks damages recoverable from marital community property, jointly-owned property or property purported to have been transferred from Indemnitee to such spouse (or former spouse). Indemnitee’s spouse or former spouse also may be entitled to advancement of expenses to the same extent that Indemnitee is entitled to advancement of expenses herein. The Company may maintain insurance to cover its obligation hereunder with respect to Indemnitee’s spouse (or former spouse) or set aside assets in a trust or escrow fund for that purpose. For the purposes described in this Section 7, any such indemnified spouse of the Indemnitee shall, as applicable, be deemed to be included in the meaning of the term “Indemnitee” as used in this Agreement.
Section 8.    Exclusions.  Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement to indemnify or hold harmless Indemnitee:
(a)    for which payment has actually been made to or on behalf of Indemnitee under any insurance policy obtained by the Company except with respect to any excess beyond the amount paid under such insurance policy;
(b)    for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within the meaning of Section 16(b) of the Exchange Act or similar provisions of state statutory law or common law;
(c)    except as provided in Section 13(d) of this Agreement, in connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee or, if Indemnitee was nominated to the Board by a Sponsor Entity, such Sponsor Entity, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee or, if Indemnitee was nominated to the Board by a Sponsor Entity, such Sponsor Entity against the Company or its directors, officers, employees or other indemnitees, unless (i) the Board authorized the Proceeding (or any part of any Proceeding) prior to its initiation or (ii) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law; or
(d)    if a final decision by a court having jurisdiction in the matter shall determine that such indemnification is not lawful.
Section 9.    Advancement.  Notwithstanding any provision of this Agreement to the contrary, the Company shall advance, to the fullest extent permitted by applicable law, the Expenses and Liabilities reasonably incurred by Indemnitee in connection with any Proceeding, and such advancement shall be made within thirty (30) days after the receipt by the Company of a statement or statements requesting such advances from time to time, whether prior to or after final disposition of any Proceeding.  Advances shall be unsecured and interest free.  Advances shall be made without regard to Indemnitee’s ability to repay the Expenses and without regard to Indemnitee’s ultimate entitlement to indemnification under the other provisions of this Agreement.  Advances shall include any and all Expenses reasonably incurred pursuing an action to enforce this right of advancement, including Expenses incurred preparing and forwarding statements to the Company to support the advances claimed.  Indemnitee shall qualify for advances upon the execution and delivery to the Company of this Agreement, which shall constitute an undertaking providing that Indemnitee undertakes to repay the amounts advanced to the extent that it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company.  This Section 9 shall not apply to any claim made by Indemnitee for which indemnity has been determined pursuant to Section 11 to be excluded pursuant to Section 8 hereof.
Section 10.    Procedure for Notification and Defense of Claim.
(a)    Indemnitee shall promptly notify the Company in writing of any Proceeding with respect to which Indemnitee intends to seek indemnification or advancement hereunder following the receipt by Indemnitee of written notice thereof.  The written notification to the Company shall include a description of the nature of the Proceeding and the facts underlying the Proceeding.  To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification following the final disposition of such Proceeding.  Any delay or failure by Indemnitee to notify the Company hereunder will not relieve the Company from any liability which it may have to Indemnitee hereunder or otherwise than under this Agreement, and any delay or failure in so notifying the Company shall not constitute a waiver by Indemnitee of any rights under this Agreement.  The Secretary of the Company shall, promptly upon receipt of such a request for indemnification, advise the Board in writing that Indemnitee has requested indemnification.
(b)    In the event Indemnitee is entitled to indemnification and/or advancement with respect to any Proceeding, Indemnitee may, at Indemnitee’s option, (i) retain counsel selected by Indemnitee and approved by the Company to defend Indemnitee in such Proceeding, at the sole expense of the Company (which approval shall not be unreasonably withheld, conditioned or delayed), or (ii) have the Company assume the defense of Indemnitee in such Proceeding, in which case the Company shall assume the defense of such Proceeding with counsel selected by the Company and approved by Indemnitee (which approval shall not be unreasonably withheld, conditioned or delayed) within ten (10) days of the Company’s receipt of written notice of Indemnitee’s election to cause the Company to do so.  If the Company is required to assume the defense of any such Proceeding, it shall engage legal counsel for such defense, and the Company shall be solely responsible for all fees and expenses of such legal counsel and otherwise of such defense.  Such legal counsel may represent both Indemnitee and the Company (and any other party or parties entitled to be indemnified by the Company with respect to such matter) unless, in the reasonable opinion of legal counsel to Indemnitee, there is a conflict of interest between Indemnitee and the Company (or any other such party or parties) or there are legal defenses available to Indemnitee that are not available to the Company (or any such other party or parties), in which case Indemnitee shall be entitled to obtain separate counsel and the Company shall be responsible for all reasonable fees and expenses of such separate legal counsel.  Notwithstanding either party’s assumption of responsibility for defense of a Proceeding, each party shall have the right to engage separate counsel at its own expense.  The party having responsibility for defense of a Proceeding shall provide the other party and its counsel with all copies of pleadings and material correspondence relating to the Proceeding.  Indemnitee and the Company shall reasonably cooperate in the defense of any Proceeding with respect to which indemnification is sought hereunder, regardless of whether the Company or Indemnitee assumes the defense thereof.  Indemnitee may not settle or compromise any Proceeding without the prior written consent of the Company, which consent shall not be unreasonably withheld, conditioned or delayed.  The Company may not settle or compromise any Proceeding without the prior written consent of Indemnitee, which consent shall not be unreasonably withheld, conditioned or delayed.
Section 11.    Procedure Upon Application for Indemnification.
(a)    Upon written request by Indemnitee for indemnification pursuant to Section 10(a) hereof, if any determination by the Company is required by applicable law with respect to Indemnitee’s entitlement thereto, such determination shall be made (i) if Indemnitee shall request such determination be made by Independent Counsel, by Independent Counsel, and (ii) in all other circumstances, (A) by a majority vote of the Disinterested Directors, even though less than a quorum of the Board, (B) by a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors, even though less than a quorum of the Board, (C) if there are no such Disinterested Directors or, if such Disinterested Directors so direct, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee, or (D) if so directed by the Board, by the stockholders of the Company; and, if it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten (10) days after such determination.  Indemnitee shall cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination.  Any Expenses incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom.  The Company will not deny any written request for indemnification hereunder made in good faith by Indemnitee unless a determination as to Indemnitee’s entitlement to such indemnification described in this Section 11(a) has been made.  The Company agrees to pay the reasonable fees and expenses of the Independent Counsel referred to above and to fully indemnify such counsel against any and all Liabilities and Expenses arising out of or relating to this Agreement or its engagement pursuant hereto.
(b)    In the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 11(a) hereof, (i) the Independent Counsel shall be selected by the Company within ten (10) days of the Submission Date (the cost of such Independent Counsel to be paid by the Company), (ii) the Company shall give written notice to Indemnitee advising it of the identity of the Independent Counsel so selected and (iii) Indemnitee may, within ten (10) days after such written notice of selection shall have been given, deliver to the Company Indemnitee’s written objection to such selection.  Such objection by Indemnitee may be asserted only on the ground that the Independent Counsel selected does not meet the requirements of “Independent Counsel” as defined in this Agreement.  If such written objection is made and substantiated, the Independent Counsel selected shall not serve as Independent Counsel unless and until Indemnitee withdraws the objection or a court has determined that such objection is without merit.  Absent a timely objection, the person so selected shall act as Independent Counsel.  If no Independent Counsel shall have been selected and not objected to before the later of (i) thirty (30) days after the later of submission by Indemnitee of a written request for indemnification pursuant to Section 11(a) hereof (the “Submission Date”) and (ii) ten (10) days after the final disposition of the Proceeding, each of the Company and Indemnitee shall select a law firm or member of a law firm meeting the qualifications to serve as Independent Counsel, and such law firms or members of law firms shall select the Independent Counsel.  Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 13(a) of this Agreement, Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing).
Section 12.    Presumptions and Effect of Certain Proceedings.
(a)    In making a determination with respect to entitlement to indemnification hereunder, the person, persons or entity making such determination shall, to the fullest extent not prohibited by applicable law, presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 10(a) of this Agreement, and the Company shall, to the fullest extent not prohibited by applicable law, have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination contrary to that presumption.  Neither the failure of the Company (including by its directors or independent legal counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination by the Company (including by its directors or independent legal counsel) that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct.
(b)    Subject to Section 13(e) hereof, if the person, persons or entity empowered or selected under Section 11 of this Agreement to determine whether Indemnitee is entitled to indemnification shall not have made a determination within sixty (60) days after receipt by the Company of the request therefore, the requisite determination of entitlement to indemnification shall, to the fullest extent not prohibited by applicable law, be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent a prohibition of such indemnification under applicable law; provided, however, that such 60-day period may be extended for a reasonable time, not to exceed an additional thirty (30) days, if (i) the determination is to be made by Independent Counsel and Indemnitee objects to the Company’s selection of Independent Counsel and (ii) the Independent Counsel ultimately selected requires such additional time for the obtaining or evaluating of documentation or information relating thereto; provided further, however, that such 60-day period may also be extended for a reasonable time, not to exceed an additional sixty (60) days, if the determination of entitlement to indemnification is to be made by the stockholders of the Company.
(c)    The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that Indemnitee’s conduct was unlawful.
(d)    Reliance as Safe Harbor.  For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the records or books of account of the Enterprise, including financial statements, or on information supplied to Indemnitee by the officers of the Enterprise in the course of their duties, or on the advice of legal counsel for the Enterprise or on information or records given or reports made to the Enterprise by an independent certified public accountant or by an appraiser or other expert selected with the reasonable care by  the Enterprise.  The provisions of this Section 12(d) shall not be deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement.
(e)    Actions of Others.  The knowledge or actions, or failure to act, of any director, officer, agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement.
Section 13.    Remedies of Indemnitee.
(a)    Subject to Section 13(e) hereof, in the event that (i) a determination is made pursuant to Section 11 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement is not timely made pursuant to Section 9 of this Agreement, (iii) no determination of entitlement to indemnification shall have been made pursuant to Section 11(a) of this Agreement within ninety (90) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Sections 4 or 5 or the last sentence of Section 11(a) of this Agreement within ten (10) days after receipt by the Company of a written request therefor, (v) payment of indemnification pursuant to Sections 2, 3 or 6 of this Agreement is not made within ten (10) days after a determination has been made that Indemnitee is entitled to indemnification, or (vi) in the event that the Company or any other Person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any litigation or other action or proceeding designed to deny, or to recover from, Indemnitee the benefits provided or intended to be provided to Indemnitee hereunder, Indemnitee shall be entitled to an adjudication by a court of Indemnitee’s entitlement to such indemnification or advancement.  Alternatively, Indemnitee, at Indemnitee’s option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association.  The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration.
(b)    In the event that a determination shall have been made pursuant to Section 11(a) of this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 13 shall be conducted in all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that adverse determination.  In any judicial proceeding or arbitration commenced pursuant to this Section 13 the Company shall have the burden of proving Indemnitee is not entitled to indemnification or advancement, as the case may be.
(c)    If a determination shall have been made pursuant to Section 11(a) of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 13, absent a prohibition of such indemnification under applicable law.
(d)    The Company shall, to the fullest extent not prohibited by applicable law, be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section 13 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator that the Company is bound by all the provisions of this Agreement.  It is the intent of the Company that Indemnitee not be required to incur Expenses associated with the interpretation, enforcement or defense of Indemnitee’s rights under this Agreement by litigation or otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to Indemnitee hereunder.  The Company shall indemnify Indemnitee against any and all Expenses and, if requested by Indemnitee, shall (within ten (10) days after receipt by the Company of a written request therefore) advance, to the fullest extent permitted by applicable law, such Expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification or advancement from the Company under this Agreement or under any directors’ and officers’ liability insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement or insurance recovery, as the case may be.
(e)    Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement to indemnification under this Agreement shall be required to be made prior to the final disposition of the Proceeding; provided that, in absence of any such determination with respect to such Proceeding, the Company shall advance Expenses with respect to such Proceeding.
Section 14.    Non-Exclusivity; Survival of Rights; Insurance; Subrogation.
(a)    The rights of indemnification and to receive advancement as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Certificate of Incorporation, the Bylaws, any agreement, a vote of stockholders or a resolution of directors, or otherwise.  No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in Indemnitee’s Corporate Status prior to such amendment, alteration or repeal.  To the extent that a change in Delaware law, whether by statute or judicial decision, permits greater indemnification or advancement than would be afforded currently under the Bylaws or this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change.  No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.  The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy.
(b)    The Company hereby acknowledges that Indemnitee may have certain rights to indemnification, advancement and insurance provided by one or more Persons with whom or which Indemnitee may be associated (including, without limitation, any Sponsor Entity).  The Company hereby acknowledges and agrees that (i) the Company shall be the indemnitor of first resort with respect to any Proceeding, Expense, Liability or matter that is the subject of the Indemnity Obligations, (ii) the Company shall be primarily liable for all Indemnity Obligations and any indemnification afforded to Indemnitee in respect of any Proceeding, Expense, Liability or matter that is the subject of Indemnity Obligations, whether created by applicable law, organizational or constituent documents, contract (including this Agreement) or otherwise, (iii) any obligation of any other Persons with whom or which Indemnitee may be associated (including, without limitation, any Sponsor Entity) to indemnify Indemnitee or advance Expenses or Liabilities to Indemnitee in respect of any Proceeding shall be secondary to the obligations of the Company hereunder, (iv) the Company shall be required to indemnify Indemnitee and advance Expenses or Liabilities to Indemnitee hereunder to the fullest extent provided herein without regard to any rights Indemnitee may have against any other Person with whom or which Indemnitee may be associated (including, any Sponsor Entity) or insurer of any such Person and (v) the Company irrevocably waives, relinquishes and releases any other Person with whom or which Indemnitee may be associated (including, without limitation, any Sponsor Entity) from any claim of contribution, subrogation or any other recovery of any kind in respect of amounts paid by the Company hereunder.  In the event any other Person with whom or which Indemnitee may be associated (including, without limitations, any Sponsor Entity) or their insurers advances or extinguishes any liability or loss which is the subject of any Indemnity Obligation owed by the Company or payable under any Company insurance policy, the payor shall have a right of subrogation against the Company or its insurer or insurers for all amounts so paid which would otherwise be payable by the Company or its insurer or insurers under this Agreement.  In no event will payment of an Indemnity Obligation by any other Person with whom or which Indemnitee may be associated (including, without limitation, any Sponsor Entity) or their insurers affect the obligations of the Company hereunder or shift primary liability for any Indemnity Obligation to any other Person with whom or which Indemnitee may be associated (including, without limitation, any Sponsor Entity).  Any indemnification, insurance or advancement provided by any other Person with whom or which Indemnitee may be associated (including, without limitation, any Sponsor Entity) with respect to any liability arising as a result of Indemnitee’s Corporate Status or capacity as an officer or director of any Person is specifically in excess over any Indemnity Obligation of the Company or valid and any collectible insurance (including but not limited to any malpractice insurance or professional errors and omissions insurance) provided by the Company under this Agreement.
(c)    To the extent that the Company maintains an insurance policy or policies providing liability insurance for directors, officers, employees, or agents of the Company or of any other Enterprise, Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any such director, officer, employee or agent under such policy or policies and such policies shall provide for and recognize that the insurance policies are primary to any rights to indemnification, advancement or insurance proceeds to which Indemnitee may be entitled from one or more Persons  with whom or which Indemnitee may be associated (including, without limitation, any Sponsor Entity) to the same extent as the Company’s indemnification and advancement obligations set forth in this Agreement.  If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has director and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies.  The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies.
(d)    In the event of any payment under this Agreement, the Company shall not be subrogated to the rights of recovery of Indemnitee, including rights of indemnification provided to Indemnitee from any other person or entity with whom Indemnitee may be associated (including, without limitation, any Sponsor Entity); provided, however, that the Company shall be subrogated to the extent of any such payment of all rights of recovery of Indemnitee under insurance policies of the Company or any of its subsidiaries.
(e)    The indemnification and contribution provided for in this Agreement will remain in full force and effect regardless of any investigation made by or on behalf of Indemnitee.
Section 15.    Duration of Agreement; Not Employment Contract.  This Agreement shall continue until and terminate upon the latest of: (i) ten (10) years after the date that Indemnitee shall have ceased to serve as a director, officer, employee or agent of the Company or any other Enterprise and (ii) the date of final termination of any Proceeding then pending in respect of which Indemnitee is granted rights of indemnification or advancement hereunder and of any proceeding commenced by Indemnitee pursuant to Section 13 of this Agreement relating thereto.  This Agreement shall be binding upon the Company and its successors and assigns. As used in this Section 15, the term “Company” shall include, in addition to the surviving corporation, any merging corporation (including any corporation having merged with a merging corporation) absorbed in a merger which, if its separate existence had continued, would have had the power and authority to indemnify its directors, officers and employees or agents, so that any person who was a director or officer of such merging corporation, or was serving at the request of such merging corporation as a director or officer of another corporation, partnership, joint venture, trust or other enterprise, shall stand in the same position under the provisions of this Agreement with respect to the surviving corporation as such person would have with respect to such merging corporation if its separate existence had continued. This Agreement shall inure to the benefit of Indemnitee and Indemnitee’s heirs, executors and administrators.  This Agreement shall not be deemed an employment contract between the Company (or any of its subsidiaries or any other Enterprise) and Indemnitee.  Indemnitee specifically acknowledges that Indemnitee’s employment with the Company (or any of its subsidiaries or any other Enterprise), if any, is at will, and Indemnitee may be discharged at any time for any reason, with or without cause, except as may be otherwise provided in any written employment contract between Indemnitee and the Company (or any of its subsidiaries or any other Enterprise), other applicable formal severance policies duly adopted by the Board, or, with respect to service as a director of the Company, by the Certificate of Incorporation, the Bylaws or the DGCL.
Section 16.    Severability.  If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by applicable law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby.
Section 17.    Enforcement.
(a)    The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to induce Indemnitee to serve as a director, officer, employee or agent of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director, officer, employee or agent of the Company.
(b)    This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided, however, that this Agreement is a supplement to and in furtherance of the Certificate of Incorporation, the Bylaws and applicable law, and shall not be deemed a substitute therefore, nor diminish or abrogate any rights of Indemnitee thereunder.
Section 18.    Modification and Waiver.  No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by the parties thereto.  No waiver of any of the provisions of this Agreement shall be deemed to be or shall constitute a waiver of any other provision of this Agreement nor shall any waiver constitute a continuing waiver.
Section 19.    Notices.  All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been duly given if (a) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, (b) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which it is so mailed, (c) mailed by reputable overnight courier and receipted for by the party to whom said notice or other communication shall have been directed or (d) sent by facsimile transmission, with receipt of oral confirmation that such transmission has been received:
(a)    If to Indemnitee, at the address indicated on the signature page of this Agreement, or such other address as Indemnitee shall provide to the Company.
(b)    If to the Company to
Jagged Peak Energy Inc. 
1125 17th Street, Suite 2400
Denver, Colorado 80202 
Attention:  Board of Directors

or to any other address as may have been furnished to Indemnitee by the Company.
Section 20.    Contribution.  To the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for Liabilities or for Expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and transaction(s) giving cause to such Proceeding; and (ii) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s) and transaction(s).
Section 21.    Applicable Law and Consent to Jurisdiction.  This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. Except with respect to any arbitration commenced by Indemnitee pursuant to Section 13(a) of this Agreement, the Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall be brought only in the Chancery Court of the State of Delaware (the “Delaware Court”), and not in any other state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the Delaware Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) waive any objection to the laying of venue of any such action or proceeding in the Delaware Court, and (iv) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Delaware Court has been brought in an improper or inconvenient forum.
Section 22.    Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement.  Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement.
Section 23.    Third-Party Beneficiaries.  The Sponsor Entities are intended third-party beneficiaries of this Agreement and shall have all of the rights afforded to Indemnitee under this Agreement.
Section 24.    Miscellaneous.  Use of the masculine pronoun shall be deemed to include usage of the feminine pronoun where appropriate.  The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof.

IN WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the day and year first above written.
	
		
	JAGGED PEAK ENERGY INC. 

By:_______________________      
Name:   
Title:    
	INDEMNITEE

By:__________________________      
Name:    
Title:    

Address:

_______________________________

_______________________________

1Exhibit

Exhibit 10.4
SEPARATION AGREEMENT AND GENERAL RELEASE
This SEPARATION AGREEMENT AND GENERAL RELEASE (this “Agreement”) is entered into by GREGORY S. HINDS (“Hinds”), JAGGED PEAK ENERGY INC., a Delaware corporation (the “Company”), JAGGED PEAK ENERGY MANAGEMENT LLC, a Delaware limited liability company (“Employer”), JAGGED PEAK ENERGY LLC (“JPE”) and JPE MANAGEMENT HOLDINGS LLC (“Holdco”); and is effective as of the Effective Date (as defined below).  The Company, Employer, JPE, and Holdco may be referred to below as the “Company Parties” or individually as a “Company Party.”  Hinds and the Company Parties are each referred to herein as a “Party” and collectively as the “Parties.”
Reference is made to (i) the Limited Liability Company Agreement of Holdco, dated as of February 1, 2017 (the “Holdco Agreement”) and (ii) that certain Executive Employment Agreement made effective as of April 1, 2013 by and between Hinds and Employer (the “Employment Agreement”).  Capitalized terms used herein and not otherwise defined have the meaning given to such terms in the Holdco Agreement or the Employment Agreement, as applicable. 
Recitals
WHEREAS, Hinds has been employed by the Employer pursuant to the Employment Agreement;
WHEREAS, Hinds and the Company Parties now desire to set forth the mutually agreed terms by which the employment of Hinds by the Employer will end as of the Separation Date (as such term is defined below); and
NOW, THEREFORE, in consideration of the promises and benefits set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the Parties, the Parties agree as follows:
Agreements
1.Separation from Employment.  The Parties acknowledge and agree that Hinds has voluntarily resigned without Good Reason (as defined in the Employment Agreement), and the last day of Hinds’ employment with Employer was March 13, 2017 (the “Separation Date”).  The Parties further acknowledge and agree that, as of the Separation Date, Hinds resigns (a) as an officer of each Company Party and each of their respective affiliates (as applicable), and (b) from the board of managers, board of directors, or similar governing body of each Company Party and each of their respective affiliates (as applicable).
2.Satisfaction of Obligations; Receipt of Leaves, Bonuses, and Other Compensation.  In entering into this Agreement, Hinds expressly acknowledges and agrees that Hinds has received all leaves (paid and unpaid) to which Hinds was entitled during Hinds employment and, as of the date that Hinds executes this Agreement, Hinds has received all wages, 

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been provided all benefits, and been paid all sums that Hinds is owed by any Company Party as of the Separation Date; provided that within ten (10) business days of the Separation Date Hinds shall be paid all accrued and unpaid salary and all accrued and unused vacation time earned through the Separation Date, and his 2016 bonus of $148,706.50, in each case, subject to standard payroll deductions and withholdings.  Hinds further acknowledges and agrees that, with the exception of any amounts owed to Hinds pursuant to this Agreement, Hinds has no entitlement to any further sums from the Company Parties with respect to Hinds’ employment or the Employment Agreement, including any severance amounts, bonuses or other compensatory payments.  This Agreement extinguishes all rights, if any, that Hinds may have, contractual or otherwise, relating to or arising out of the Employment Agreement (except for benefits that survive termination of his employment, such as regarding the Employer’s or other Company Party’s 401(k) plan), as Hinds acknowledges that, in entering this Agreement, all of Employer’s and, as applicable, each other Company Party’s obligations under the Employment Agreement have been satisfied in full; and Hinds is not entitled to any severance, bonus, or other sums, either now or in the future, pursuant to the Employment Agreement; except as specified in this Section.  
3.Stock of the Company; Interests in Holdco.  
a.    The Company Parties each agree as follows:  All common stock of the Company owned by Hinds or the Greg & Carol Hinds Family Trust U/A, dated December 30, 2016 (the “Trust”) as of the date Hinds signs this Agreement (the “Stock”) can be sold or otherwise transferred by Hinds or the Trust at any time or from time to time, subject only to compliance with applicable securities laws and the lockup agreement between Hinds, the Trust and the underwriters of the Company’s initial public offering (the “Lockup”).  After the expiration of the Lockup, the Company will promptly provide its transfer agent all documents requested by such transfer agent from the Company in order to remove the legend referencing the Lockup and have a new certificate delivered to Hinds or the Trust, as applicable, without such legend.
b.    The Company Parties each agree as follows:  Effective as of the Separation Date and notwithstanding anything to the contrary in the Holdco Agreement, Hinds will retain Hinds’ 1,938,881 unvested Series A Units in Holdco (the “Retained Units”).  The Retained Units will continue to vest as set forth in the Holdco Agreement notwithstanding anything to the contrary contained therein.  
d.    Hinds expressly acknowledges and agrees that, other than as may be applicable to the Stock and the Retained Units, Hinds has no right to receive any additional equity interest in any Company Party.
4.Company Parties’ Obligations.  On the express condition that Hinds does not revoke this Agreement and in consideration of the restrictive covenants, releases, representations and the Services (as defined below) set forth in this Agreement:
a.    Severance.  The Company Parties will pay Hinds (i) $297,413 in a lump sum within three hundred sixty five (365) days of the Separation Date, representing his annual salary for one year; and (ii) an amount equal to the premiums for Hinds and Hinds’ eligible dependents to have insurance coverage equivalent to the coverage that they have under the Company 

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Parties’ health plans, as elected by Hinds prior to the Separation Date, pursuant to COBRA or similar state law, for six (6) months, paid by the Company Parties to Hinds in a lump sum within thirty (30) days of the Separation Date; in each case, subject to standard payroll deductions and withholding (collectively, the “Severance”).
b.    Expense Reimbursement.  The Company shall pay or reimburse Hinds for up to $5,000 of legal fees and expenses incurred in connection with the subject matter of this Agreement.
c.    Severance: Reporting and Payment.  Reporting of and withholding on the Severance for tax purposes shall be at the discretion of the Company Parties in conformance with applicable tax laws and the past practices of the Company Parties.  If a claim is made against any of the Company Parties for any additional tax or withholding in connection with or arising out of the Severance, that should have been withheld or that is a tax payable by Hinds, Hinds shall pay any such claim within thirty (30) days of being notified by the Company Parties of the amount owed.
d.    Late Payment.  If any amounts owed by any of the Company Parties to Hinds are not paid when due, following notice and failure to cure with fifteen (15) days, the past due amount will incur interest at the rate of the lesser of 12% per annum or the highest rate permitted by law, until paid in full.
5.Default by Hinds.  If Hinds breaches any of the restrictive covenants, representations, or warranties of this Agreement, and Hinds does not cure the breach within ten (10) days after the Company gives him written notice of the breach, and specifying the breach, then Hinds will be in default under this Agreement and Hinds will forfeit future payments of the Severance.
6.Return of Company Parties’ Property.  Hinds represents that he has, or will within 5 business days of signing this Agreement, (a) return to the Company Parties all property of the Company Parties in his possession or control or known or suspected by him to be in his possession or control, including, but not limited to, the Company laptop computer, access cards, and office keys, and (b) delete all Company electronic mail or Company documents from any personal devices.
7.Restrictive Covenant Obligations.
a.    Confidentiality.  Hinds agrees that, during his employment, he has been provided access to trade secrets and other proprietary and confidential knowledge, data and information of the Company Parties (the “Confidential Information”).  Hinds agrees to continue to keep such Confidential Information confidential and not disclose such Confidential Information to any third party without the Company’s prior written consent.  Hinds further acknowledges that the unauthorized disclosure of Confidential Information could place the Company at a competitive disadvantage.  Despite the language above, Hinds is not restricted by this provision from disclosure to his attorney; and disclosure of Confidential Information by Hinds is permitted if such disclosure is required by law, subpoena, or a court or agency order.

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b.    Nondisparagement.  
1.    Hinds agrees not to make any statements, unless required by law, that are critical, disparaging or derogatory, or which injure the business, or personal or business reputation (as applicable) about/of any of the Company Parties, or Quantum Energy Partners or any of their respective directors, officers, or limited liability company managers known to Hinds to be in that capacity, as applicable (collectively, the “Affiliated Persons”). 
2.    The Company Parties agree (i) to  not make any statement in any press release or filing with any regulatory body and (ii) on behalf of the Affiliated Persons not to make any statements, in each case, unless required by law, that are critical, disparaging, or derogatory, or which injure the business or personal reputation (as applicable) about/of Hinds.  The Company Parties agree to instruct the Affiliated Persons not to make any statements in violation of this provision.
3.    Despite the language above (a) the Parties are not precluded from correcting any misstatement of fact made by another Party and (b) and neither Hinds, the Company Parties, nor the Affiliated Persons are precluded from making true statements, or statements of opinion made in good faith, that are made in response to a subpoena or in connection with any investigation by any governmental agency.
c.    Covenant Not to Solicit.  Hinds agrees that Hinds shall not, for the one-year period following the Effective Date (i) directly or indirectly, on behalf of himself or any third party, solicit, encourage, facilitate or induce any supplier, service provider, partner, vendor, agent, employee, contractor, consultant, or licensee of the Company Parties or their affiliates, who is known to Hinds to be in that capacity, to breach any agreement or contract with, or discontinue or curtail their respective business relationships with any of the Company Parties or their affiliates; or (ii) directly or indirectly, solicit, recruit, induce, hire, or otherwise engage as an employee, independent contractor or otherwise, either for himself or any other third party, any person who is employed by any of the Company Parties or any of their affiliates, and who is known to Hinds to be in that capacity, at the time of such solicitation, recruitment, engagement, hiring or inducement.
d.    Covenant Not to Compete.  Hinds agrees that Hinds shall not, for the one-year period following the Effective Date, engage or participate in any manner, whether directly or indirectly for Hinds’ benefit, through a family member, or as an employee, employer, consultant, agent, principal, partner, shareholder, officer, director, licensor, lender, lessor, or in any other individual or representative capacity, in any business engaged in leasing, acquiring, exploring, developing, or producing hydrocarbons and related products within the boundaries of, or within a fifty (50) mile radius of the boundaries of any mineral property interest of the Company Parties (a “Competitive Business”); including, without limitation, a mineral lease, overriding royalty interest, production payment, net profits interest, mineral fee interest, or option or right to acquire any of the foregoing, or an area of mutual interest as designated pursuant to contractual agreement between any of the Company Parties and any third party, or any other property on which any of the Company Parties have a right, license, or authority to conduct or direct exploratory activities, such as three dimensional seismic acquisitions or other seismic, geophysical or geochemical activities as of the Separation Date (the “Geographic Scope”); provided, however, that this subparagraph shall not be 

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construed to preclude Hinds from investing in any opportunity that is first offered to, and subsequently declined by, the Company (acting through its board of directors).  Despite the language above, this provision does not restrict Hinds from owning securities in any Competitive Business if (1) Hinds owns the securities as of the date he signs this Agreement; or (2) the securities are listed on a stock exchange or publicly traded on the over-the-counter market and represent not more than 2% of the total securities of that entity issued and outstanding.
e.    Hinds’ Representations; Reformation.  Hinds acknowledges and agrees that he was a member of some of the Company Parties’ executive and management personnel, and that the restrictions in this Section 7 are reasonable in all respects and no greater than necessary to protect the Company’s trade secrets and other Confidential Information and its other legitimate business interests. Hinds further agrees that the foregoing restrictions are reasonable under the circumstances and that any breach of the covenants contained in this Section 7 would cause irreparable injury to the Company.  Hinds acknowledges that his skills are such that he can be gainfully employed in non-competitive employment during the restricted period, and that the agreement not to compete and not to solicit herein will not prevent him from earning a living.  Nevertheless, if any of the aforesaid restrictions are found by a court of competent jurisdiction to be unreasonable, or overly broad as to geographic area or time, or otherwise unenforceable, the Parties intend for the restrictions set forth in this Section 7 to be modified by the court making such determination so as to be reasonable and enforceable and, as so modified, to be fully enforced.
8.Release of Liability for Claims. 
a.    In entering into this Agreement, Hinds hereby releases, discharges and forever acquits the Company Parties, Q-Jagged Peak Energy Investments, LLC and its respective affiliates (collectively, “Quantum”), and each of the foregoing entities’ respective past present and future affiliates, owners, members, managers, partners, directors, officers, employees, agents, attorneys, heirs, successors and representatives, in their personal and representative capacities as well as all employee benefit plans maintained by the Company, Employer or any of their respective affiliates and all fiduciaries and administrators of any such plans, in their personal and representative capacities (collectively, the “Released Parties”), from liability for, and hereby waives, any and all claims, damages, or causes of action of any kind related to Hinds’ employment or affiliation with any Company Party, the termination of such employment or affiliation, and any other acts or omissions related to any matter occurring or existing on or prior to Hinds signing this Agreement, including, without limitation, any allegation arising out of or relating to: (i) Title VII of the Civil Rights Act of 1964, as amended; (ii) the Age Discrimination in Employment Act, as amended (including as amended by the Older Workers Benefit Protection Act) (“ADEA”); (iii) the Civil Rights Act of 1991; (iv) Sections 1981 through 1988 of Title 42 of the United States Code, as amended; (v) the Employee Retirement Income Security Act of 1974, as amended (“ERISA”); (vi) the Immigration Reform Control Act, as amended; (vii) the Americans with Disabilities Act of 1990, as amended; (viii) the National Labor Relations Act, as amended; (ix) the Occupational Safety and Health Act, as amended; (x) the Family and Medical Leave Act of 1993; (x) the Colorado Anti-Discrimination Act, and other statutes and the common law of the state of Colorado; (xi) any federal, state or local anti-discrimination or anti-retaliation law; (xii) any federal, state or local wage and hour law; (xiii) any other local, state or federal law, regulation or ordinance; (xiv) any public policy, 

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contract, tort, or common law claim; (xv) any allegation for costs, fees, or other expenses including attorneys’ fees incurred in or relating to any Released Claim (as defined below); (xvi) any and all rights, benefits or claims Hinds may have under any employment contract (including the Employment Agreement), incentive compensation plan or equity-based plan with any Company Party or to any ownership interest in any Company Party except as expressly provided in this Agreement; (xvii) any and all matters arising out of Hinds’ status as a holder, awardee or grantee of any Management Incentive Units of JPE, units of Holdco or equity interests in any Company Party, other than with respect to rights arising from, or related to, Hinds’ ownership of Stock or the Retained Units; (xviii) any and all matters arising out of or relating to the Company Agreement, as modified hereby; and (xix) any claim for compensation or benefits of any kind not expressly set forth in this Agreement (collectively, the “Released Claims”).  THIS RELEASE INCLUDES MATTERS ATTRIBUTABLE TO THE SOLE OR PARTIAL NEGLIGENCE (WHETHER GROSS OR SIMPLE) OR OTHER FAULT, INCLUDING STRICT LIABILITY, OF ANY OF THE COMPANY PARTIES ARISING BEFORE HINDS SIGNS THIS AGREEMENT.
b.    Hinds acknowledges and understands that this Agreement does not prohibit or prevent Hinds from filing a charge with the Equal Employment Opportunity Commission, or equivalent state agency, or from participating in a federal or state agency investigation.  Should Hinds file or cause to be filed an action, suit, proceeding, investigation or arbitration based on any of the Released Claims (collectively, a “Proceeding”), but which Hinds cannot waive due to public policy reasons, or should such a Proceeding be filed by or on behalf of a third party, including, without limitation, any federal, state or local governmental entity or administrative agency, Hinds waives any right to any monetary recovery or other relief from the Proceeding, and he agrees to donate any monies that Hinds might be entitled to or receive from such Proceeding to the American Red Cross.
c.    It is Hinds’ intention that this release is a general release which shall be effective as a bar to each and every claim, demand or cause of action it releases.  Hinds recognizes that Hinds may have some claim, demand or cause of action against the Released Parties of which Hinds is totally unaware and unsuspecting, that Hinds is giving up by execution of this release.  It is Hinds intention in executing this release that it will deprive Hinds of each Released Claim and prevent Hinds from asserting it against the Released Parties.
d.    Notwithstanding the foregoing, nothing in this Agreement prohibits or restricts Hinds from filing a charge or complaint with, or cooperating in any investigation with, the Securities and Exchange Commission, the Financial Industry Regulatory Authority, or any other securities regulatory agency or authority (each, a “Government Agency”).  This Agreement does not limit Hinds’ right to receive an award for information provided to a Government Agency.
e.    The Released Claims include all claims known and unknown as of the date of this Agreement but do not include any claim arising after Hinds signs this Agreement, including any breach of this Agreement by Hinds or any of the Company Parties.
f.    The Company Parties, on behalf of themselves and the other Released Parties, fully release and discharge forever Hinds and his heirs, agents, and representatives from any and all manner of claims, causes of action, complaints, grievances, demands, allegations, promises, and 

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obligations for damages, losses, expenses, fees, salary paid to Hinds, bonuses paid to Hinds, other compensation paid to Hinds, attorneys’ fees or costs, loss of revenues, loss of profits, and debts, whether known or unknown, suspected or concealed, and whether presently asserted or otherwise, arising from conduct before the Effective Date of this Agreement; except for (i) fraud, embezzlement, or other intentional misconduct by Hinds; (ii) claims arising under this Agreement (including a misrepresentation or a breach of this Agreement by Hinds); and (iii) any other claim arising after the Effective Date of this Agreement.  
9.Hinds’ Representations.  
a.    Hinds represents and warrants that as of the date on which Hinds signed this Agreement, Hinds has not filed any claims, complaints, charges, or lawsuits against any of the Released Parties with any governmental agency or with any state or federal court for or with respect to a matter, claim, or incident, which occurred or arose out of one or more occurrences that took place on or prior to the date on which Hinds signed this Agreement.  Hinds further represents and warrants that as of the date he signed this Agreement, Hinds has made no assignment, sale, delivery, transfer or conveyance of any rights Hinds has asserted or may have against any of the Released Parties with respect to any Released Claim.
b.    Hinds represents and warrants that (i) as of the Separation Date, Hinds had good and valid title to all of the Stock issued to Hinds, and the Trust had good and valid title to all of the Stock that has been issued to the Trust; (ii) as of the date on which Hinds signed this Agreement, Hinds has good and valid title to all of the Retained Units held by Hinds, and (iii) as of the date Hinds signed this Agreement, Hinds has never made any assignment, sale, delivery, transfer or conveyance of such Retained Units.
c.    By executing and delivering this Agreement, Hinds acknowledges that Hinds has carefully read this Agreement and that some of the consideration Hinds is receiving under this Agreement he was not otherwise entitled to receive, but for Hinds’ entry into this Agreement.  Hinds further represents that Hinds fully understands the final and binding effect of this Agreement; the only promises made to Hinds to sign this Agreement are those stated in this Agreement; and Hinds is signing this Agreement knowingly, voluntarily and of Hinds’ own free will and with full understanding of the legal and tax consequences of this Agreement; and Hinds understands and agrees to each of the terms of this Agreement.
d.    Hinds acknowledges that Hinds has fulfilled all obligations known to him to raise any and all legal, regulatory or compliance concerns known to Hinds while Hinds was employed with any of the Company Parties, and that as of the time Hinds signed this Agreement Hinds was not aware of any legal, regulatory or compliance related issues that Hinds has not previously raised with the Company Parties.  Hinds further acknowledges that as of the time Hinds signed this Agreement Hinds was aware of no conduct by any of the Released Parties that Hinds reasonably believed constitutes a violation of any federal, state or local law, rule, ordinance or regulation.
e.    Hinds represents that as of the time Hinds signed this Agreement Hinds has no knowledge of the existence of any Proceeding against any of the Released Parties.  In the event 

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that any such Proceeding has been filed, Hinds will promptly take all reasonable actions necessary to withdrawal or terminate that Proceeding unless prohibited by law. 
10.Public Statements and Documents Related to this Agreement.  Hinds agrees to reasonably cooperate with the Company Parties in connection with any public statements that the Company Parties desire to make with respect to the subject matter of this Agreement..  In response to any inquiries about the circumstances of the termination of Hinds’ employment by the Company Parties, or his other affiliations with the Company Parties (such as an officer or limited liability company manager), Hinds and the Company Parties and their respective representatives will limit the response to the following:  Hinds’ dates of service as an employee and in each other capacity; his final pay rate; his final job title (Executive Vice President, Development Planning & Acquisitions), and  any information regarding Hinds’ separation set forth in the press release issued by the Company Parties.  The Parties waive their right to claim disparagement associated with either Party citing the contents of the press release.
11.Provision of Services During the Transition Period.
a.    During the period between the Separation Date and August 31, 2017 (the “Transition Period”), Hinds agrees to provide, for no additional consideration, as and when reasonably requested by one of the Authorized Representatives of the Consulting Recipients (as defined below), services in the capacity of an independent contractor relating to the Company Parties and their respective affiliates (the “Consulting Recipients”), (i) which are within the scope of duties he performed while he was employed by the Employer; (ii) which may include, when reasonably requested by the Company, consultation to the Consulting Recipients as may be necessary to transition Hinds’ duties to a person or persons as one of the Authorized Representatives of the Consulting Recipients may designate; or (iii) which are otherwise within his skills and education (the “Services”).  
b.    “Authorized Representatives of the Consulting Recipients” are up to a total of three directors, or officers who are not directors of the Company Parties, specified in writing to Hinds.  The initial Authorized Representative of the Consulting Recipients is Joe Jaggers.
c.    Hinds shall not be required to provide the Services for more than 80 hours per month during the Transition Period, unless Hinds shall agree to do so (the “Maximum Hours”).  In providing the Services, Hinds shall provide the Consulting Recipients with such of Hinds’ services as the Authorized Representatives of the Consulting Recipients reasonably deem necessary and have requested from Hinds; including, without limitation, attending such meetings as the Consulting Recipients may reasonably require upon reasonable advance notice; as further discussed below. 
d.    A Company Party shall pay, or reimburse Hinds, (i) for Hinds’ reasonable expenses incurred by him related to Hinds attending such meeting; and (ii) for such other reasonable expenses as Hinds shall incur in the performance of the Services.  Without limiting the generality of the prior sentence, a Company Party shall pay the cost of airfare, other transportation, lodging, and meals (as applicable) incurred by Hinds in connection with any travel out of the Denver Metropolitan Area to provide any Services; or reimburse Hinds for those expenses.  Reimbursement 

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of Hinds’ expenses covered by this Section shall be made by a Company Party to Hinds within ten (10) days after Hinds submits a receipts or other evidence of expenditures to a Company Party.
e.    Hinds shall coordinate the furnishing of the Services with the Authorized Representatives of the Consulting Recipients in order that such services can be provided in such a way as to generally conform to the business schedules of the Consulting Recipients, subject to the Maximum Hours; but the method of performance, time of performance, place of performance, hours utilized in such performance, and other details of the manner of performance of Hinds’ provision of the Services shall be within the sole control of Hinds. 
f.       During the Transition Period, Hinds shall have the right to devote Hinds’ business day and working efforts to personal matters, and to business and professional opportunities other than the performance of the Services; including the provision of services to a for profit or a nonprofit entity that is not a Competitive Business, even if the services are rendered by him for compensation; provided that Hinds is available to perform the Services for up to the Maximum Hours. In addition, Hinds agrees that if he is given reasonable advance written notification of a request by any of the Authorized Representatives of the Consulting Recipients to (i) travel from his home to any other location to perform any of the Services on a particular day, and if applicable for an overnight period of more than one day, or (ii) to be available to provide any of the Services on a particular day or days and/or time period during that day or those days, he will not unreasonably refuse to do so.  Without limiting the generality of the prior sentence, it will not be unreasonable for Hinds to refuse the request if (1) it would result in Hinds having to perform the Services for more than the Maximum Hours; (2) Hinds has, as of the time the request is made, already scheduled a personal, business, or other activity during that period; (3) he receives less than one business day advance written notice of travel from home to a location within the Denver Metropolitan Area; or (4) he receives less than three business days advance written notice of travel from home to a location outside the Denver Metropolitan Area.
g.    Hinds shall not be deemed to be an agent of any Consulting Recipient or any of their respective subsidiaries, nor have any power to bind or commit a Consulting Recipient or any of its subsidiaries to any obligation or otherwise act on its behalf.
h.    As of the Separation Date, Hinds and the Company Parties intend that Hinds shall be an independent contractor of the Company Parties; and not an employee of Employer or any of the other Consulting Recipients or the other Company Parties.  Nothing in this Agreement shall be deemed to change that status.  During the Transition Period, Hinds shall not be entitled to participate in any pension or welfare benefit plans, or other benefit plans of any Company Party; unless such benefits are made available to Hinds by operation of law as a result of Hinds’ former employment status with Employer. 
i.    The Transition Period will automatically terminate upon the death, if applicable, of Hinds.  The Transition Period will automatically terminate upon written notice by Hinds or a designee of Hinds to the Company Parties, or upon any of the Company Parties otherwise becoming aware of the situation, if Hinds becomes mentally or physically disabled in a manner and extent that he cannot continue to provide the Services; unless his inability to perform the Services 

-9-

is not expected to, and does not, continue for a period that would render Hinds in breach of this Section 11.
12.Applicable Law and Venue.  This Agreement is entered into under, and shall be governed for all purposes by, the laws of the State of Colorado without reference to the principles of conflicts of law.  The Parties agree that any appropriate state or federal court located in Colorado has exclusive jurisdiction over any case or controversy arising under or in connection with this Agreement and is the proper forum in which to adjudicate the case or controversy.
13.Attorneys’ Fees; Costs.  The prevailing party(ies) in any suit or action arising out of or related to this Agreement will be entitled to recover from the other party(ies) its/their attorney fees, costs and expenses in the amount that the court determines reasonable in both the trial court and appellate courts (as applicable).
14.Counterparts; Signatures.  This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together will constitute one and the same Agreement.  A facsimile signature, whether sent by e-mail or other electronic medium, will have the same force and effect as an original signature.
15.Amendment; Entire Agreement.  This Agreement cannot be modified other than by an agreement in writing signed by (a) Hinds; and (b) the Company Party, or if applicable each of the Company Parties, effected by the modification.  This Agreement, and those other agreements referenced in this Agreement that have not been terminated or otherwise superseded by this Agreement, but only to the extent that they have not been amended by this Agreement, constitute the entire agreement of the Parties with regard to the subject matter of this Agreement.
16.Third-Party Beneficiaries.  
a.    Hinds expressly acknowledges and agrees that each Released Party that is not a signatory to this Agreement shall be a third-party beneficiary of this Agreement.
b.    The Company Parties each acknowledge and agree that the Trust is a third-party beneficiary of this Agreement.
17.Invalidity; Severability.  If a court of competent jurisdiction determines that any term or provision of this Agreement (or part thereof) is invalid or unenforceable in any respect, the court shall modify the term or provision to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such modification shall be accomplished in the manner that most nearly preserves the benefit of the Parties’ bargain hereunder; or the term or provision, or part thereof, will severed from this Agreement.  In either situation, the other terms or provisions of this Agreement will remain in effect.
18.Acknowledgments and Revocation Right.  Hinds acknowledges that Hinds is knowingly and voluntarily waiving and releasing any rights Hinds may have under the ADEA and that some of the consideration given for the waiver and release contained in this Agreement is in addition to anything of value to which Hinds is already entitled.  Hinds further acknowledges that 

-10-

Hinds has been advised by this writing, as required by the ADEA, that: (a) Hinds’ waiver and release contained herein do not apply to any rights or claims that may arise after the execution date of this Agreement; (b) Hinds has been advised hereby that Hinds has the right to consult with an attorney prior to executing this Agreement; (c) Hinds has twenty-one (21) days to consider this Agreement (although Hinds may choose to voluntarily execute this Agreement earlier, thereby waiving Hinds’ right to review this Agreement for a full 21 days); (d) Hinds has seven (7) days following the execution of this Agreement to revoke this Agreement (the “Revocation Period”); and (e) this Agreement will not be effective until the date upon which the Revocation Period has expired, which will be the eighth (8th) day after this Agreement is executed by Hinds and delivered to the Company; provided that it has been dated and signed on behalf of all of the Company Parties, and a copy of the fully executed Agreement has been delivered to Hinds before the expiration of the Revocation Period (the “Effective Date”).  Revocation of this Agreement by Hinds must be in writing and e-mailed to Joseph N. Jaggers, President & Chief Executive Officer, Jagged Peak Energy Inc., 1125 17th Street, Suite 2400, Denver, Co 80202, jjaggers@jaggedpeakenergy.com, prior to the end of the Revocation Period.
19.Interpretation. The headings to Sections and Subsection hereof are for the purpose of reference only and shall in no way limit, define, or otherwise affect the provisions hereof.  The word “or” as used herein is not exclusive and is deemed to have the meaning “and/or,” unless the context indicates that it only means “or.”  The words “herein”, “hereof”, “hereunder,” and other compounds of the word “here” shall refer to this entire Agreement and not to any particular provision hereof.  The use herein of the word “including” following any general statement, term, or matter shall not be construed to limit such statement, term, or matter to the specific items or matters set forth immediately following such word or to similar items or matters, whether or not non-limiting language (such as “without limitation”, “but not limited to”, or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other items or matters that could reasonably fall within the broadest possible scope of such general statement, term, or matter.  Neither this Agreement nor any uncertainty or ambiguity herein shall be construed or resolved against any Party hereto, whether under any rule of construction or otherwise.  On the contrary, this Agreement has been reviewed by each of the Parties hereto and shall be construed and interpreted according to the ordinary meaning of the words used so as to fairly accomplish the purposes and intentions of the Parties.
20.Reports of Potential Violations of Law.  Notwithstanding anything in this Agreement to the contrary, nothing herein will prevent Hinds from: (a) making a good faith report of possible violations of applicable law to any governmental agency or entity; or (b) making disclosures that are protected under the whistleblower provisions of any applicable law.  Further, Hinds shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret of a Company Party that: (i) is made (A) to a federal, state or local government official, either directly or indirectly, or to an attorney; and (B) solely for the purpose of reporting, or in connection with an investigation of, a suspected violation of law; or (C) in response to a subpoena or court or agency order, or as otherwise required by law; or (ii) is made in a complaint or other document filed in a lawsuit or other proceeding, provided that (1) Hinds promptly gives the applicable Company Party notice of any such demand made on Hinds, unless Hinds is prohibited by law or court or agency order from doing so; and (2) Hinds uses reasonable and lawful means, if 

-11-

any, to resist or limit disclosure until the applicable Company Party has had a reasonable opportunity to intervene or has advised Hinds that it does not object to the disclosure.  An individual who files a lawsuit for retaliation by an employer of reporting a suspected violation of law may disclose a trade secret of the employer to the attorney of the individual and use the trade secret information in the court proceeding, provided that the individual promptly gives the applicable Company Party notice of any such disclosure, unless individual is prohibited by law or court order from doing so; and the individual uses reasonable and lawful means (if any) to resist or limit disclosure until the Company Party has had a reasonable opportunity to intervene or has advised the individual that it does not object to the disclosure.
21.Notices.  All notices under this Agreement must be given in writing.  Any notice required or permitted by this Agreement or by law may be personally delivered; or sent via e-mail with confirmation of receipt, or sent by courier with delivery charges prepaid, and addressed to the intended recipient as set forth below.
	
					
	(a)
	If to Hinds:
	 
	With a copy to:
	 

	 
	 
	 
	 
	 

	Gregory Hinds
	 
	Daniel Block
	 

	1625 Ease Adobe Place
	 
	Robinson Waters & O’Dorisio, P.C.
	 

	Highlands Ranch, CO 80126
	 
	1099 18th Street, Suite 2600
	 

	E-mail: gshinds@yahoo.com
	 
	Denver, CO 80202
	 

	 
	 
	 
	E-mail: dblock@rwolaw.com
	 

	 
	 
	 
	 
	 

	(b)
	If to one or more Company Parties:
	 
	With a copy to:
	 

	 
	 
	 
	 
	 

	Joseph Jaggers
	 
	Chris Humber
	 

	Jagged Peak Energy Inc.
	 
	Jagged Peak Energy Inc.
	 

	1125 17th Street, Suite 2400
	 
	1125 17th Street, Suite 2400
	 

	Denver, CO 80202
	 
	Denver, CO 80202
	 

	E-mail: jjaggers@jaggedpeakenergy.com
	 
	E-mail: chumber@jaggedpeakenergy.com
	 

Any party or its authorized representative specified above may change the address to which notices are to be delivered by giving the other party and its representative specified above notice in a manner permitted above.

[REMAINDER INTENTIONALLY LEFT BLANK; SIGNATURES FOLLOW]

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement, effective for all purposes as provided above. 
	
					
	 
	 
	Gregory S. Hinds
	 

	 
	 
	 
	 
	 

	March 14, 2017
	 
	/s/ Gregory S. Hinds
	 

	Date
	 
	Gregory S. Hinds
	 

	 
	 
	 
	 
	 

	 
	 
	JAGGED PEAK ENERGY INC.:
	 

	 
	 
	 
	 
	 

	March 14, 2017
	 
	By:
	/s/ Joseph N. Jaggers, III
	 

	Date
	 
	 
	Joseph N. Jaggers, III
	 

	 
	 
	 
	President & Chief Executive Officer
	 

	 
	 
	 
	 
	 

	 
	 
	JAGGED PEAK ENERGY LLC:
	 

	 
	 
	 
	 
	 

	March 14, 2017
	 
	By:
	/s/ Joseph N. Jaggers, III
	 

	Date
	 
	 
	Joseph N. Jaggers, III
	 

	 
	 
	 
	President & Chief Executive Officer
	 

	 
	 
	 
	 
	 

	 
	 
	JAGGED PEAK ENERGY MANAGEMENT LLC:
	 

	 
	 
	 
	 
	 

	March 14, 2017
	 
	By:
	/s/ Joseph N. Jaggers, III
	 

	Date
	 
	 
	Joseph N. Jaggers, III
	 

	 
	 
	 
	President & Chief Executive Officer
	 

	 
	 
	 
	 
	 

	 
	 
	JPE MANAGEMENT HOLDINGS LLC:
	 

	 
	 
	 
	 
	 

	March 14, 2017
	 
	By:
	/s/ Joseph N. Jaggers, III
	 

	Date
	 
	 
	Joseph N. Jaggers, III
	 

	 
	 
	 
	Manager
	 

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