Document:

EX-10.2

 Exhibit 10.2 

Execution Version 

Matador Resources Company 

(a Texas corporation) 

$750,000,000 5.875% Senior Notes due 2026 

PURCHASE AGREEMENT 

August 7, 2018 
 MERRILL
LYNCH, PIERCE, FENNER & SMITH 
 INCORPORATED 

As Representative of the Initial Purchasers 
 c/o
Merrill Lynch, Pierce, Fenner & Smith 
 Incorporated 

One Bryant Park 
 New York, New York 10036 

Ladies and Gentlemen: 
 Introductory.
Matador Resources Company, a Texas corporation (the “Company”), proposes to issue and sell to Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch”) and the other several Initial Purchasers
named in Schedule A (the “Initial Purchasers”), acting severally and not jointly, the respective amounts set forth in such Schedule A of $750,000,000 aggregate principal amount of the Company’s 5.875% Senior Notes due 2026 (the
“Notes”). Merrill Lynch has agreed to act as the representative of the several Initial Purchasers (the “Representative”) in connection with the offering and sale of the Notes. 

The Notes will be issued pursuant to an indenture, to be dated as of August 21, 2018 (the “Indenture”), among the
Company, the Guarantors (as defined below) and Wells Fargo Bank, National Association, as trustee (the “Trustee”). Notes will be issued only in book-entry form in the name of Cede & Co., as nominee of The Depository Trust
Company (the “Depositary”) pursuant to a letter of representations, to be dated on or before the Closing Date (as defined in Section 2 hereof) (the “DTC Agreement”), among the Company, the Trustee and the
Depositary. 
 The holders of the Notes will be entitled to the benefits of a registration rights agreement, to be dated as of
August 21, 2018 (the “Registration Rights Agreement”), among the Company, the Guarantors and the Initial Purchasers, pursuant to which the Company and the Guarantors will be required to file with the Commission (as defined
below), under the circumstances set forth therein, (i) a registration statement under the Securities Act (as defined below) relating to another series of debt securities of the Company with terms substantially identical to the Notes (the
“Exchange Notes”) to be offered in exchange for the Notes (the “Exchange Offer”) and (ii) to the extent required by the Registration Rights Agreement, a shelf registration statement pursuant to Rule 415 of the
Securities Act relating to the resale by certain holders of the Notes, and in each case, to use its reasonable best efforts to cause such registration statements to be declared effective. All references herein to the Exchange Notes and the Exchange
Offer are only applicable if the Company and the Guarantors are in fact required to consummate the Exchange Offer pursuant to the terms of the Registration Rights Agreement. 

 The payment of principal of, premium, if any, and interest on the Notes will be fully and
unconditionally guaranteed on a senior unsecured basis, jointly and severally by (i) the entities listed on the signature pages hereof as “Guarantors” and (ii) any subsidiary of the Company formed or acquired after the Closing
Date that executes an additional guarantee in accordance with the terms of the Indenture, and their respective successors and assigns (collectively, the “Guarantors”), pursuant to their guarantees (the
“Guarantees”). The Notes and the Guarantees attached thereto are herein collectively referred to as the “Securities”; and the Exchange Notes and the Guarantees attached thereto are herein collectively referred to as
the “Exchange Securities.” 
 This Agreement, the Registration Rights Agreement, the Securities, the Exchange Securities,
and the Indenture are referred to herein as the “Transaction Documents.”  

The Company understands that the Initial Purchasers propose to make an offering of the Securities on the terms and in the manner set forth
herein and in the Pricing Disclosure Package (as defined below) and agrees that the Initial Purchasers may resell, subject to the conditions set forth herein, all or a portion of the Securities to purchasers (the “Subsequent
Purchasers”) on the terms set forth in the Pricing Disclosure Package (the first time when sales of the Securities are made is referred to as the “Time of Sale”). The Securities are to be offered and sold to or through the
Initial Purchasers without being registered with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933 (as amended, the “Securities Act,” which term, as used herein, includes the
rules and regulations of the Commission promulgated thereunder), in reliance upon exemptions therefrom. Pursuant to the terms of the Securities and the Indenture, investors who acquire Securities shall be deemed to have agreed that Securities may
only be resold or otherwise transferred, after the date hereof, if such Securities are registered for sale under the Securities Act or if an exemption from the registration requirements of the Securities Act is available (including the exemptions
afforded by Rule 144A under the Securities Act (“Rule 144A”) or Regulation S under the Securities Act (“Regulation S”)). 

The Company has prepared and delivered to each Initial Purchaser copies of a Preliminary Offering Memorandum, dated August 7, 2018 (the
“Preliminary Offering Memorandum”), and has prepared and delivered to each Initial Purchaser copies of a Pricing Supplement, dated August 7, 2018 (the “Pricing Supplement”), describing the terms of the
Securities, each for use by such Initial Purchaser in connection with its solicitation of offers to purchase the Securities. The Preliminary Offering Memorandum and the Pricing Supplement are herein referred to as the “Pricing Disclosure
Package.” Promptly after this Agreement is executed and delivered, the Company will prepare and deliver to each Initial Purchaser a final offering memorandum dated the date hereof (the “Final Offering Memorandum”). 

  
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 All references herein to the terms “Pricing Disclosure Package” and
“Final Offering Memorandum” shall be deemed to mean and include all information filed under the Securities Exchange Act of 1934 (as amended, the “Exchange Act,” which term, as used herein, includes the rules and
regulations of the Commission promulgated thereunder) prior to the Time of Sale and incorporated by reference in the Pricing Disclosure Package (including the Preliminary Offering Memorandum) or the Final Offering Memorandum, as the case may be, and
all references herein to the terms “amend,” “amendment” or “supplement” with respect to the Final Offering Memorandum shall be deemed to mean and include all information filed under the Exchange Act
after the Time of Sale and incorporated by reference in the Final Offering Memorandum. 
 The Company hereby confirms its agreement with the
Initial Purchasers as follows: 
 SECTION 1. Representations and Warranties. Each of the Company and the Guarantors, jointly and
severally, hereby represents, warrants and covenants to each Initial Purchaser that, as of the date hereof and as of the Closing Date (references in this Section 1 to the “Offering Memorandum” are to (x) the Pricing
Disclosure Package in the case of representations and warranties made as of the date hereof and (y) the Pricing Disclosure Package and the Final Offering Memorandum in the case of representations and warranties made as of the Closing Date):

 (a) No Registration Required. Subject to compliance by the Initial Purchasers with the representations and
warranties set forth in Section 2 hereof and with the procedures set forth in Section 7 hereof, it is not necessary in connection with the offer, sale and delivery of the Securities to the Initial Purchasers and to each Subsequent
Purchaser in the manner contemplated by this Agreement and the Offering Memorandum to register the Securities under the Securities Act or, until such time as the Exchange Securities are issued pursuant to an effective registration statement, to
qualify the Indenture under the Trust Indenture Act of 1939 (the “Trust Indenture Act,” which term, as used herein, includes the rules and regulations of the Commission promulgated thereunder). 

(b) No Integration of Offerings or General Solicitation. None of the Company, its affiliates (as such term is
defined in Rule 501 under the Securities Act) (each, an “Affiliate”), or any person acting on its or any of their behalf (other than the Initial Purchasers, as to whom the Company makes no representation or warranty) has, directly
or indirectly, solicited any offer to buy or offered to sell, or will, directly or indirectly, solicit any offer to buy or offer to sell, in the United States or to any United States citizen or resident, any security that is or would be integrated
with the sale of the Securities in a manner that would require the Securities to be registered under the Securities Act. None of the Company, its Affiliates, or any person acting on its or any of their behalf (other than the Initial Purchasers, as
to whom the Company makes no representation or warranty) has engaged or will engage, in connection with the offering of the Securities, in any form of general solicitation or general advertising within the meaning of Rule 502 under the Securities
Act or in any manner involving a public offering within the meaning of Section 4(a)(2) of the Securities Act. With respect to those Securities sold in reliance upon Regulation S, (i) none of the Company, its Affiliates or any person acting
on its or their behalf (other than the Initial Purchasers, as to whom the Company makes no representation or warranty) has engaged or will engage in any directed selling efforts within the meaning of Regulation S and (ii) each of the Company
and its Affiliates and any person acting on its or their behalf (other than the Initial Purchasers, as to whom the Company makes no representation or warranty) has complied and will comply with the offering restrictions set forth in Regulation S.

  
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 (c) Eligibility for Resale under Rule 144A. The Securities are
eligible for resale pursuant to Rule 144A and will not be, at the Closing Date, of the same class as securities listed on a national securities exchange registered under Section 6 of the Exchange Act or quoted in a U.S. automated interdealer
quotation system. 
 (d) The Pricing Disclosure Package and Final Offering Memorandum. Neither the Pricing Disclosure
Package, as of the Time of Sale, nor the Final Offering Memorandum, as of its date or (as amended or supplemented in accordance with Section 3(a), as applicable) as of the Closing Date, contains an untrue statement of a material fact or omits
to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that this representation, warranty and agreement shall not apply to statements in or
omissions from the Pricing Disclosure Package, the Final Offering Memorandum or any amendment or supplement thereto made in reliance upon and in conformity with information furnished to the Company in writing by or on behalf of any Initial Purchaser
through the Representative expressly for use in the Pricing Disclosure Package, the Final Offering Memorandum or amendment or supplement thereto, as the case may be. The Pricing Disclosure Package contains, and the Final Offering Memorandum will
contain, all the information specified in, and meeting the requirements of, Rule 144A. The Company and the Guarantors have not distributed and will not distribute, prior to the later of the Closing Date and the completion of the Initial
Purchasers’ distribution of the Securities, any offering material in connection with the offering and sale of the Securities other than the Pricing Disclosure Package and the Final Offering Memorandum. 

(e) Company Additional Written Communications. Neither the Company, the Guarantors, nor any of their agents and
representatives has prepared, made, used, authorized, approved or distributed and will not prepare, make, use, authorize, approve or distribute any written communication that constitutes an offer to sell or solicitation of an offer to buy the
Securities other than (i) the Pricing Disclosure Package, (ii) the Final Offering Memorandum and (iii) any electronic road show or other written communications, in each case, used in accordance with Section 3(a). Each such
communication by the Company, the Guarantors, or their agents and representatives pursuant to clause (iii) of the preceding sentence (each, a “Company Additional Written Communication”), when taken together with the Pricing
Disclosure Package, did not as of the Time of Sale, and at the Closing Date will not, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading; provided that this representation and warranty shall not apply to statements in or omissions from each such Company Additional Written Communication made in reliance upon and in conformity
with information furnished to the Company in writing by or on behalf of any Initial Purchaser through the Representatives expressly for use in any Company Additional Written Communication. 

  
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 (f) Incorporated Documents. The documents incorporated or
deemed to be incorporated by reference in the Offering Memorandum at the time they were or hereafter are filed with the Commission (collectively, the “Incorporated Documents”) complied and will comply in all material respects with
the requirements of the Exchange Act. Each such Incorporated Document, when taken together with the Pricing Disclosure Package, did not as of the Time of Sale, and at the Closing Date will not, contain any untrue statement of a material fact or omit
to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. 

(g) The Purchase Agreement. This Agreement has been duly authorized, executed and delivered by the Company and
the Guarantors. 
 (h) The Registration Rights Agreement and DTC Agreement. The Registration Rights Agreement
has been duly authorized and, on the Closing Date, will have been duly executed and delivered by, and will constitute a valid and binding agreement of, the Company and the Guarantors, enforceable against the Company and the Guarantors in accordance
with its terms, except as the enforcement thereof may be limited by (i) applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and laws relating to or affecting the rights and remedies of creditors generally or by
general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) (the “Enforceability Exceptions”) and (ii) public policy, applicable law relating to fiduciary duties
and indemnification and contribution and an implied covenant of good faith and fair dealing. The DTC Agreement has been duly authorized by the Company and, on the Closing Date, will have been duly executed and delivered by, and will constitute a
valid and binding agreement of, the Company and the Guarantors, enforceable against the Company in accordance with its terms, except as the enforcement thereof may be limited by the Enforceability Exceptions. 

(i) Authorization of the Notes, the Guarantees and the Exchange Notes. The Notes to be purchased by the Initial
Purchasers from the Company will on the Closing Date be in the form contemplated by the Indenture, have been duly authorized by the Company for issuance and sale pursuant to this Agreement and the Indenture and, at the Closing Date, will have been
duly executed by the Company and, when authenticated in the manner provided for in the Indenture and delivered against payment of the purchase price therefor, will constitute valid and binding obligations of the Company, enforceable against the
Company in accordance with their terms, except as the enforcement thereof may be limited by the Enforceability Exceptions and will be entitled to the benefits of the Indenture. The Exchange Notes have been duly and validly authorized for issuance by
the Company, and when issued and authenticated in accordance with the terms of the Indenture, the Registration Rights Agreement and the Exchange Offer, will constitute valid and binding obligations of the Company, enforceable against the Company in
accordance with their terms, except as the enforcement thereof may be limited by the Enforceability Exceptions and will be entitled to the benefits of the Indenture. The Guarantees of the Notes on the Closing Date and the Guarantees of the Exchange
Notes when issued will be in the respective forms 

  
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contemplated by the Indenture and have been duly authorized by each of the Guarantors for issuance pursuant to this Agreement and the Indenture; the Guarantees of the Notes, at the Closing Date,
will have been duly executed by each of the Guarantors and, when the Notes have been authenticated in the manner provided for in the Indenture and issued and delivered against payment of the purchase price therefor, the Guarantees of the Notes will
constitute valid and binding agreements of the Guarantors; and, when the Exchange Notes have been authenticated in the manner provided for in the Indenture and issued and delivered in accordance with the Registration Rights Agreement, the Guarantees
of the Exchange Notes will constitute valid and binding agreements of the Guarantors, in each case, enforceable against the Guarantors in accordance with their terms, except as the enforcement thereof may be limited by the Enforceability Exceptions
and will be entitled to the benefits of the Indenture. 
 (j) Authorization of the Indenture. The Indenture has
been duly authorized by the Company and the Guarantors and, at the Closing Date, will have been duly executed and delivered by the Company and the Guarantors and (assuming the due authorization, execution and delivery thereof by the Trustee) will
constitute a valid and binding agreement of the Company and the Guarantors, enforceable against the Company and the Guarantors in accordance with its terms, except as the enforcement thereof may be limited by the Enforceability Exceptions. 

(k) Description of the Transaction Documents. The Transaction Documents will conform in all material respects to the
respective statements relating thereto contained in the Offering Memorandum. 
 (l) Incorporation and Good Standing of the
Company and its Subsidiaries. The Company has been duly organized and is validly existing as a corporation in good standing under the laws of the State of Texas with corporate power and authority to own or lease its properties and conduct its
business as described in the Offering Memorandum. Each of the subsidiaries of the Company as listed in Exhibit B hereto (collectively, the “Subsidiaries”), has been duly incorporated, organized or formed,
as applicable, and is validly existing as a corporation, limited liability company or limited partnership, as applicable, in good standing under the laws of Texas with corporate, limited liability company or limited partnership power and authority
to own or lease its properties and conduct its business as described in Offering Memorandum and, in the case of the Company and the Guarantors, to enter into and perform its obligations under each of the Transaction Documents to which it is a party.
The Subsidiaries are the only subsidiaries, direct or indirect, of the Company. The Company and each of the Subsidiaries are duly qualified to transact business and are in good standing in all jurisdictions in which the conduct of their business
requires such qualification; except where the failure to be so qualified or to be in good standing would not reasonably be expected (i) to have a material adverse effect on the condition (financial or otherwise), properties, assets, operations,
earnings, business or prospects of the Company and its Subsidiaries, taken as a whole, whether or not arising from transactions in the ordinary course of business or (ii) to prevent the consummation of the transactions contemplated hereby
(clauses (i) and (ii) are referred to hereinafter as a “Material Adverse Effect”). 

  
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 (m) Capitalization. The information set forth under the
caption “Capitalization” in the Offering Memorandum is true and correct (other than for subsequent issuances of capital stock, if any, pursuant to employee benefit plans described in the Offering Memorandum or upon exercise of outstanding
options or warrants described in the Pricing Disclosure Package and the Offering Memorandum, as the case may be). The outstanding shares of common stock of the Company (the “Common Stock”) have been duly authorized and validly
issued and are fully paid and non-assessable. The outstanding shares of capital stock or other equity interests of each of the Subsidiaries have been duly authorized and validly issued, are fully paid (to the
extent required under the applicable limited partnership agreement of such Subsidiary) and non-assessable (except as such non-assessability may be affected by Sections
153.102, 153.112, 153.202 or 153.210 of the Texas Business Organizations Code with respect to limited partnerships and Sections 101.114, 101.153 or 101.206 of the Texas Business Organizations Code with respect to limited liability companies) and,
except as disclosed in the Offering Memorandum, are wholly owned by the Company or another Subsidiary free and clear of all liens, pledges, restrictions, encumbrances and equities and claims. 

(n) Preparation of the Financial Statements. The consolidated financial statements of the Company and the Subsidiaries,
together with related notes and schedules as included and incorporated by reference in the Offering Memorandum, present fairly in all material respects the consolidated financial position and the results of operations and cash flows of the Company
and the Subsidiaries, at the indicated dates and for the indicated periods. Such financial statements and related schedules have been prepared in accordance with U.S. generally accepted principles of accounting, consistently applied throughout the
periods involved (“GAAP”), except as disclosed therein, and all adjustments necessary for a fair presentation of results for such periods have been made. The summary financial and statistical data included or incorporated by
reference in the Offering Memorandum presents fairly in all material respects the information shown therein and such data has been compiled on a basis consistent with the financial statements presented therein and the books and records of the
Company. The interactive data in eXtensible Business Reporting Language (“XBRL”) incorporated by reference in the Offering Memorandum and the Pricing Disclosure Package (i) fairly present the information contained therein and
(ii) have been prepared in accordance with the Commission’s rules and guidelines applicable thereto, in each case of clauses (i) and (ii) in all material respects. 

(o) Statistical Data. The statistical, industry-related and market-related data included in the Offering Memorandum are
based on or derived from sources that the Company reasonably and in good faith believes are reliable and accurate. 
 (p)
Company’s Accounting System. The Company maintains a system of internal accounting controls (“Internal Controls”) in compliance with the Sarbanes-Oxley Act and is sufficient to provide reasonable assurances that
(i) transactions are executed in accordance with management’s general or specific authorization; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain
accountability for assets; (iii) access to assets is 

  
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permitted only in accordance with management’s general or specific authorization; (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals
and appropriate action is taken with respect to any differences; and (v) the interactive data in XBRL incorporated by reference in the Offering Memorandum and the Pricing Disclosure Package (i) fairly present the information contained
therein and (ii) have been prepared in accordance with the Commission’s rules and guidelines applicable thereto, in each case of clause (i) and (ii) in all material respects. 

(q) No Significant Deficiencies. Since the date of the most recent balance sheet of the Company and its consolidated
Subsidiaries reviewed or audited by KPMG LLP, and reviewed by the Audit Committee of the Board of Directors of the Company, (i) the Company has not been advised of (A) any significant deficiencies in the design or operation of Internal
Controls that could adversely affect the ability of the Company and each of its Subsidiaries to record, process, summarize and report financial data, or any material weaknesses in Internal Controls and (B) any fraud, whether or not material,
that involves management or other employees who have a significant role in the Internal Controls of the Company and each of its Subsidiaries, and (ii) since that date, there have been no significant changes in Internal Controls or in other
factors that could significantly affect Internal Controls, including any corrective actions with regard to significant deficiencies and material weaknesses. 

(r) Disclosure Controls and Procedures. The Company has established and maintains “disclosure controls and
procedures” (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act); the Company’s “disclosure controls and procedures” are reasonably
designed to ensure that all information (both financial and non-financial) required to be disclosed by the Company in the reports that it files or furnishes under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified in the rules and regulations of the Commission, and that all such information is accumulated and communicated to the Company’s management as appropriate to allow timely decisions
regarding required disclosure and to make the certifications of the Chief Executive Officer and Chief Financial Officer of the Company required under the Exchange Act with respect to such reports. 

(s) Independent Accountants. KPMG LLP, which has delivered its opinion with respect to certain of the audited financial
statements and schedules of the Company incorporated by reference in the Offering Memorandum and has reviewed certain unaudited financial statements incorporated by reference in the Offering Memorandum, is an independent registered public accounting
firm with respect to the Company within the meaning of the Securities Act and the applicable rules and regulations of the Public Company Accounting Oversight Board. 

(t) No Material Actions or Proceedings. Except as set forth in the Offering Memorandum, there is no action, suit,
claim or proceeding pending or, to the knowledge of the Company or the Guarantors, threatened against or affecting the Company or any of the Subsidiaries, before any court or administrative agency or which has as the subject thereof any property
owned or leased by the Company or any of the Subsidiaries (i) that are required by the Securities Act to be disclosed on a registration statement on Form S-3 and which is not so disclosed in the Offering
Memorandum or (ii) which, if determined adversely to the Company or any of its Subsidiaries, would reasonably be expected to have a Material Adverse Effect or prevent the consummation of the transactions contemplated hereby. 

 

  
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 (u) Title to Properties. Each of the Company and its
Subsidiaries has (i) good and defensible title to all of the oil and gas properties (including oil and gas wells, producing leasehold interests and appurtenant personal property) owned by the Company and its Subsidiaries, title investigations
having been carried out by the Company or its Subsidiaries consistent with the reasonable practice in the oil and gas industry in the areas in which the Company and its Subsidiaries operate and (ii) good title to all other real and personal
property owned by the Company and its Subsidiaries, including but not limited to such other real and personal property reflected in the financial statements of the Company and its Subsidiaries included and incorporated by reference in the Offering
Memorandum, in each case free and clear of all restrictions, mortgages, pledges, security interests, claims, liens, encumbrances, charges and defects except such as (x) are described in the Offering Memorandum, (y) liens and encumbrances
under operating agreements, unitization and pooling agreements, production sales contracts, farm-out agreements and other oil and gas exploration participation and production agreements, in each case that
secure payment of amounts not yet due and payable for the performance of other unmatured obligations and are of a scope and nature customary in the oil and gas industry or arise in connection with drilling and production operations or (z) such
as do not affect the value of the properties of the Company and its Subsidiaries, considered as one enterprise, and do not interfere in any respect with the use made and proposed to be made of such properties by the Company and its Subsidiaries,
considered as one enterprise, with such exceptions as would not reasonably be expected to have a Material Adverse Effect. All of the leases and subleases under which the Company or any of its Subsidiaries holds or uses properties described in the
Offering Memorandum are in full force and effect, with such exceptions as would not reasonably be expected to have a Material Adverse Effect, and neither the Company nor any of its Subsidiaries has any notice of any material claim of any sort that
has been asserted by anyone adverse to the rights of the Company or its Subsidiaries under any of the leases or subleases mentioned above, or affecting or questioning the rights of the Company or any Subsidiary thereof to the continued possession or
use of the leased or subleased premises, in each case, with such exceptions as would not reasonably be expected to have a Material Adverse Effect. The working interests in oil, gas and mineral leases or mineral interests which constitute a portion
of the real property held by the Company reflect in all material respects the right of the Company to explore, develop or receive production from such real property, and the care taken by the Company and its Subsidiaries with respect to acquiring or
otherwise procuring such leases or mineral interests was generally consistent with standard industry practices in the areas in which the Company and its Subsidiaries operate for acquiring or procuring leases and interests therein to explore, develop
or produce for hydrocarbons. 

  
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 (v)
Rights-of-Way. The Company and its Subsidiaries have such consents, easements,
rights-of-way or licenses from any person
(“rights-of-way”) as are necessary to enable the Company and its Subsidiaries to conduct its business in the manner described in the
Offering Memorandum, subject to such qualifications as may be set forth in the Offering Memorandum, and except for such rights-of-way the lack of which would not have,
individually or in the aggregate, a Material Adverse Effect. 
 (w) Tax Law Compliance. The Company and the
Subsidiaries have filed all federal, state, local and foreign tax returns which have been required to be filed and have paid all taxes indicated by said returns and all assessments received by them or any of them to the extent that such taxes have
become due and payable by them, except (in any case) (i) for such taxes and assessments that are being contested in good faith and for which an adequate reserve for accrual has been established in accordance with GAAP, (ii) for any such
taxes or assessments that are currently payable without penalty or interest, (iii) where a failure to do so would not reasonably be expected to have a Material Adverse Effect or (iv) to the extent described in the Offering Memorandum.
Neither the Company nor any of the Guarantors has knowledge of any actual or proposed additional material tax assessments. There are no transfer taxes or other similar fees or charges under U.S. federal law or the laws of any U.S. state, or any
political subdivision thereof, required to be paid in connection with the execution and delivery of this Agreement or the issuance or sale by the Company of the Notes. 

(x) No Material Adverse Effect. Since the respective dates as of which information is given in the Offering
Memorandum, exclusive of any amendment or supplement thereto, (i) there has not occurred any Material Adverse Effect, whether or not occurring in the ordinary course of business, and there has not been any material transaction entered into or
any material transaction that is probable of being entered into by the Company or the Subsidiaries, other than transactions in the ordinary course of business and transactions described in the Offering Memorandum, and (ii) none of the Company
or any of the Subsidiaries has incurred any liability or obligation (financial or otherwise), direct or contingent, or entered into any transaction (including any off-balance sheet activity or transaction)
that is material to the Company and the Subsidiaries, as a whole, and there has not been any material change in the capital stock or partnership interests, as the case may be, or material increase in the short-term debt or long-term debt (including
any off-balance sheet activity or transaction), of any of the Company or the Subsidiaries, or any Material Adverse Effect, or any development involving or which may reasonably be expected to result in a
Material Adverse Effect, in each case, except as described in the Offering Memorandum. The Company and the Subsidiaries have no material liabilities or obligations, or indirect or direct contingent obligations, that are not disclosed in the
Company’s financial statements that are incorporated by reference in the Offering Memorandum. 
 (y) Non-Contravention of Existing Instruments. Neither the Company nor any of the Subsidiaries is (i) in violation of its Certificate of Formation or other formation document (“Charter”)
or bylaws, limited partnership agreement, limited liability company agreement or similar organizational documents, (ii) in violation of or default (or with the giving of notice or lapse of time or both, will be in default) under any agreement,
lease, contract, indenture or other instrument or obligation to which it is a party or by which it, or any of its properties, is bound or (iii) in violation of any statute, law, rule, regulation, judgment, order or decree of any court,
regulatory body, administrative 

  
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agency, governmental body, arbitrator or other authority having jurisdiction over the Company or such Subsidiary or any of its properties, as applicable, except, with respect to clauses
(i) through (iii), for such violations or defaults as would not, individually or in the aggregate, have a Material Adverse Effect. The execution and delivery of the Transaction Documents and the consummation of the transactions herein
contemplated and the fulfillment of the terms hereof will not conflict with or result in a breach of any of the terms or provisions of, or constitute a default under (1) the Charter or Bylaws of the Company, (2) any contract, indenture,
mortgage, deed of trust or other agreement or instrument to which the Company or any of the Subsidiaries is a party, or (3) any order, rule or regulation applicable to the Company or any of the Subsidiaries of any court or of any regulatory
body or administrative agency or other governmental body having jurisdiction over the Company or any of the Subsidiaries or any of their respective properties, except, with respect to clauses (2) and (3), where such conflicts, breaches or
defaults would not result in a Material Adverse Effect. 
 (z) No Further Authorizations or Approvals Required. No
permit, consent, approval, authorization, order, registration, filing or qualification (“Consents”) of or with any court or governmental agency or body having jurisdiction over the Company or any of the Guarantors or any of their
respective properties or assets is required in connection with the offering, issuance or sale by the Company of the Securities or the execution, delivery and performance of the Transaction Documents by the Company and the Guarantors to the extent a
party thereto, except (i) such Consents as may be required under the Securities Act, the Exchange Act and state securities or “Blue Sky” laws of any jurisdiction, (ii) such Consents as have been obtained or will be obtained prior
to the Closing Date, (iii) such Consents that, if not obtained, could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect or materially impair the ability of the Company and the Guarantors to
consummate the transactions contemplated by this Agreement, and (iv) such Consents as are disclosed in the Pricing Disclosure Package and the Offering Memorandum. 

(aa) All Necessary Permits, etc. The Company and each of the Subsidiaries has all licenses, certifications, permits,
franchises, approvals, clearances and other regulatory authorizations (“Permits”) from governmental authorities as are necessary to conduct its businesses as currently conducted and to own, lease and operate its properties in the
manner described in the Offering Memorandum except as would not reasonably be expected to have a Material Adverse Effect. There is no claim, proceeding or controversy, pending or, to the knowledge of the Company or any of the Subsidiaries,
threatened, involving the status of or sanctions under any of the Permits and no event has occurred that might allow for the revocation, termination, modification or other impairment of the rights of the Company or any of the Subsidiaries under such
Permit, except, for such claims, proceedings, controversies or events as would not, individually or in the aggregate, have a Material Adverse Effect. 

(bb) No Price Stabilization or Manipulation. Neither the Company nor any of the Guarantors has taken, directly or
indirectly, any action designed to cause or result in, or which has constituted or which might reasonably be expected to constitute, the stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of
the Securities. 

  
 11 

 (cc) Company and Guarantors Not an “Investment Company”.
Neither the Company nor any of the Guarantors is, and after giving effect to the offering and the sale of the Securities and the application of the proceeds thereof as described in the Offering Memorandum will be, an “investment company”
within the meaning of such term under the Investment Company Act of 1940, as amended, and the rules and regulations of the Commission thereunder (collectively, the “Investment Company Act”). 

(dd) Insurance. The Company and each of the Guarantors carry, or are covered by, insurance in such amounts and covering
such risks as is commercially reasonable for the conduct of their respective businesses and the value of their respective properties and as is customary for companies engaged in similar industries. All policies of insurance insuring the Company or
any Guarantor or any of their respective businesses, assets, employees, officers and directors are in full force and effect, and the Company and the Guarantors are in compliance with the terms of such policies in all material respects. There are no
claims by the Company or any Guarantor under any such policy or instrument as to which an insurance company is denying liability or defending under a reservation of rights clause. The Company has no reason to believe that it or any Guarantor will
not be able (i) to renew its existing insurance coverage as and when such policies expire or (ii) to obtain comparable coverage from similar institutions as may be necessary or appropriate to conduct its business as now conducted and at a
cost that would not have a Material Adverse Effect. 
 (ee) Solvency. Each of the Company and the Guarantors is, and
immediately after the Closing Date will be, Solvent. As used herein, the term “Solvent” means, with respect to any person on a particular date, that on such date (i) the fair market value of the assets of such person is greater than
the total amount of liabilities (including contingent liabilities) of such person, (ii) the present fair salable value of the assets of such person is greater than the amount that will be required to pay the probable liabilities of such person
on its debts as they become absolute and matured, (iii) such person is able to realize upon its assets and pay its debts and other liabilities, including contingent obligations, as they mature and (iv) such person does not have
unreasonably small capital. 
 (ff) ERISA Compliance. The Company is in compliance in all material respects with all
presently applicable provisions of the Employee Retirement Income Security Act of 1974, as amended, including the regulations and published interpretations thereunder (“ERISA”); no “reportable event” (as defined in ERISA)
has occurred with respect to any “pension plan” (as defined in ERISA) for which the Company would have any liability; the Company has not incurred and does not expect to incur liability under (i) Title IV of ERISA with respect to
termination of, or withdrawal from, any “pension plan” or (ii) Section 412 or 4971 of the Internal Revenue Code of 1986, as amended, including the regulations and published interpretations thereunder (the
“Code”); and each “pension plan” for which the Company would have any liability that is intended to be qualified under Section 401(a) of the Code is so qualified in all material respects and nothing has occurred,
whether by action or by failure to act, which would cause the loss of such qualification. 

  
 12 

 (gg) Compliance with and Liability Under Environmental Laws. Neither
the Company nor any Guarantor is in violation of any statute, rule, regulation, decision or order of any governmental agency or body or any court, domestic or foreign, relating to the use, disposal or release of hazardous chemicals, toxic substances
or radioactive and biological materials or relating to the protection or restoration of the environment or human exposure to hazardous chemicals, toxic substances or radioactive and biological materials (collectively, “Environmental
Laws”), except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. Neither the Company nor the Guarantors own or operate any real property contaminated with any substance that requires
remedial action to be taken under any Environmental Laws, is liable for remedial action at any site where materials regulated under Environmental Laws were disposed by the Company or any Guarantor, or is subject to any claim relating to any
Environmental Laws, which violation, contamination, liability or claim in each case would individually or in the aggregate have a Material Adverse Effect; and the Company is not aware of any pending investigation which might lead to such a claim.
There are no costs or liabilities arising under any Environmental Laws with respect to the operations or properties of the Company and its Subsidiaries (including, without limitation, any capital or operating expenditures required for clean-up or closure of properties, compliance with Environmental Laws, any permit, license or approval or any related legal constraints on operating activities, and any potential liabilities of third parties assumed
under contract by the Company or its Subsidiaries) that would, individually or in the aggregate, have a Material Adverse Effect. 

(hh) Periodic Review of Costs of Environmental Compliance. In the ordinary course of its business, the Company
conducts a periodic review of the effect of applicable Environmental Laws on the business, operations and properties of the Company and its Subsidiaries, in the course of which it identifies and evaluates material associated costs and liabilities
(including, without limitation, any capital or operating expenditures required for clean-up, closure of properties or compliance with Environmental Laws or any permit, license or approval, any related
constraints on operating activities and any potential liabilities to third parties). On the basis of such review and the amount of its established reserves and except as disclosed in the Offering Memorandum, the Company has reasonably concluded that
such identified associated costs and liabilities would not, individually or in the aggregate, have a Material Adverse Effect. 

(ii) No Unlawful Contributions or Other Payments. Neither the Company nor any of its Subsidiaries nor, to the knowledge
of the Company, the Guarantors, any director, officer, agent, employee or affiliate of the Company or any of its Subsidiaries is aware of or has taken any action, directly or indirectly, that would result in a violation by such persons of the FCPA,
including, without limitation, making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment, promise to pay or authorization of the payment of any money, or other property, gift,
promise to give, or authorization of the giving of anything of value to any 

  
 13 

 
“foreign official” (as such term is defined in the FCPA) or any foreign political party or official thereof or any candidate for foreign political office, in contravention of the FCPA,
and the Company, its Subsidiaries and, to the knowledge of the Company and the Guarantors, their affiliates have conducted their businesses in compliance with the FCPA and have instituted and maintain policies and procedures designed to ensure, and
which are reasonably expected to continue to ensure, continued compliance therewith. 
 “FCPA” means Foreign
Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder. 
 (jj) Intellectual Property
Rights. The Company and each of the Guarantors owns, licenses or otherwise has rights in all United States and foreign patents, trademarks, service marks, tradenames, copyrights, trade secrets and other proprietary rights necessary for
the conduct of its respective business as currently carried on and as proposed to be carried on as described in the Offering Memorandum (collectively and together with any applications or registrations for the foregoing, the “Intellectual
Property”), except where the failure to so own or possess would not, individually or in the aggregate, have a Material Adverse Effect. Neither the Company nor any of its Guarantors has received any notice of infringement of or conflict with
any asserted rights of others with respect to any of the foregoing which, individually or in the aggregate, if the subject of an unfavorable decision, ruling or finding, would have a Material Adverse Effect. 

(kk) Compliance with Sarbanes-Oxley. As of the date hereof, the Company is, and on the Closing Date will be, in
compliance in all material respects with the applicable provisions of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act,” which term, as used herein, includes the rules and regulations of the Commission promulgated thereunder)
and the rules of the New York Stock Exchange that are then in effect and with which the Company is required to comply. 

(ll) Related Party Transactions. No relationship, direct or indirect, exists between or among the Company or any
affiliate of the Company, on the one hand, and any director, officer, member, stockholder, customer or supplier of the Company or any affiliate of the Company, on the other hand, which is required by the Securities Act to be disclosed in a
registration statement on Form S-3 which is not so disclosed in the Offering Memorandum. There are no outstanding loans, advances (except normal advances for business expenses in the ordinary course of
business) or guarantees of indebtedness by the Company to or for the benefit of any of the officers or directors of the Company or any of their respective family members, except as disclosed in the Offering Memorandum. 

(mm) Regulations T, U, X. Neither the Company nor any Guarantor nor any agent thereof acting on their behalf has taken,
and none of them will take, any action that might cause this Agreement or the issuance or sale of the Securities to violate Regulation T, Regulation U or Regulation X of the Board of Governors of the Federal Reserve System. 

  
 14 

 (nn) Compliance with Labor Laws. No labor problem or dispute with the
employees of the Company or the Subsidiaries exists or, to the Company’s or any of the Guarantor’s knowledge, is threatened or imminent, and the Company and the Guarantors have no knowledge of any existing or imminent labor disturbance by
the employees of any of its or its Subsidiaries’ principal suppliers, contractors, consultants or customers, that would have a Material Adverse Effect. 

(oo) No Conflict with Money Laundering Laws. The operations of the Company and its Subsidiaries, and, to the knowledge
of the Company and its Subsidiaries, are and have been conducted at all times in compliance with all applicable financial recordkeeping and reporting requirements, including those of the Bank Secrecy Act, as amended by Title III of the Uniting and
Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act), and of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the applicable anti-money laundering
statutes of jurisdictions where such entities conduct business, the rules and regulations thereunder and any related or similar rules, regulations or guidelines issued, administered or enforced by any governmental agency (collectively, the
“Money Laundering Laws”), and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its Subsidiaries or, to the knowledge of the Company or
the Guarantors, with respect to the Money Laundering Laws is pending or, to the knowledge of the Company or the Guarantors, threatened. 

(pp) No Conflict with Sanctions Laws. Neither the Company nor any of its Subsidiaries (collectively, the
“Entity”), nor any director or officer of the Entity nor, to the Entity’s knowledge, any employee agent, affiliate, joint venture or representative of the Entity, is an individual or entity (“Person”) that is,
or is owned or controlled by, a Person that is (i) the subject of any sanctions administered or enforced by the U.S. Department of Treasury’s Office of Foreign Assets Control (“OFAC”), the United Nations Security Council
(“UNSC”), the European Union (“EU”), Her Majesty’s Treasury (“HMT”), or other relevant sanctions authority (collectively, “Sanctions”), nor (ii) located, organized or
resident in a country or territory that is the subject of Sanctions (including, without limitation, Crimea, Burma/Myanmar, Cuba, Iran, North Korea, Sudan and Syria). The Entity represents and covenants that it will not, directly or indirectly, use
the proceeds of the offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other Person (A) to fund or facilitate any activities or business of or with any Person or in any country or
territory that, at the time of such funding or facilitation, is the subject of Sanctions; or (B) in any other manner that will result in a violation of Sanctions by any Person (including any Person participating in the offering, whether as
underwriter, advisor, investor or otherwise). The Entity represents and covenants that it has not knowingly engaged in, is not now knowingly engaged in, and will not engage in, any dealings or transactions with any Person, or in any country or
territory, that at the time of the dealing or transaction is or was the subject of Sanctions. 

  
 15 

 (qq) Royalties. As of the date hereof, (i) all royalties,
rentals, deposits and other amounts owed under the oil and gas leases constituting the oil and gas properties of the Company and its Subsidiaries have been properly and timely paid, other than amounts held in suspense accounts pending routine
payments or related to disputes about the proper identification of royalty owners and except where the failure to timely pay such amounts would not, individually or in the aggregate, have a Material Adverse Effect; (ii) no material amount of
proceeds from the sale or production attributable to the oil and gas properties of the Company and its Subsidiaries are currently being held in suspense by any purchaser thereof, except where such amounts due would not, individually or in the
aggregate, have a Material Adverse Effect, and (iii) there are no claims under take or pay contracts pursuant to which natural gas purchasers have any make up rights affecting the interests of the Company or its Subsidiaries in their oil and
gas properties, except where such claims would not, individually or in the aggregate, have a Material Adverse Effect. 
 (rr)
Preparation of the Reserve Estimates. The oil and natural gas reserve estimates contained in the Offering Memorandum have been prepared by employees of the Company or the Guarantors and have been audited by an independent reserve engineer, in
accordance with Commission guidelines applied on a consistent basis throughout the periods involved, and the Company and the Guarantors have no reason to believe that such estimates do not fairly reflect the oil and natural gas reserves of the
Company and the Guarantors as of the dates indicated. The information underlying the estimates of the Company’s reserves that was supplied to Netherland, Sewell & Associates, Inc. (the “Reserve Engineer”), for the
purposes of auditing the reserve reports and estimates of the proved reserves of the Company disclosed in the Offering Memorandum, including production and costs of operation, was true and correct in all material respects on the dates such estimates
were made, and such information was supplied and was prepared in accordance with customary industry practices. Other than normal production of the reserves, the impact of the changes in prices and costs, and fluctuations in demand for oil and
natural gas and except as disclosed in the Offering Memorandum, the Company and the Guarantors have no knowledge of any facts or circumstances that would in the aggregate result in a material adverse change in the aggregate net proved reserves, or
the aggregate present value or the standardized measure of the future net cash flows therefrom, as described in the Offering Memorandum and as reflected in the reports the Reserve Engineer prepared with regard to the proved reserves that the Company
owns. The estimates of such proved reserves and standardized measure as described in the Offering Memorandum and reflected in the reports referenced therein have been prepared in a manner that complies, in all material respects, with the applicable
requirements of the rules and regulations of the Commission with respect to such estimates. 
 (ss) Independent Petroleum
Engineers. The Reserve Engineer is an independent petroleum engineer with respect to the Company and the Guarantors. 
 Any certificate
signed by an officer of the Company or any Guarantor and delivered to the Initial Purchasers or to counsel for the Initial Purchasers shall be deemed to be a representation and warranty by the Company or such Guarantor to each Initial Purchaser as
to the matters set forth therein. 

  
 16 

 SECTION 2. Purchase, Sale and Delivery of the Securities. 

(a) The Securities. Each of the Company and the Guarantors agrees to issue and sell to the Initial Purchasers, severally and not
jointly, all of the Securities, and, subject to the conditions set forth herein, the Initial Purchasers agree, severally and not jointly, to purchase from the Company and the Guarantors the aggregate principal amount of Securities set forth opposite
their names on Schedule A, at a purchase price of 99.0% of the principal amount thereof plus accrued interest, if any, from August 21, 2018 to the Closing Date, in each case, on the basis of the representations, warranties and agreements herein
contained, and upon the terms herein set forth. 
 (b) The Closing Date. Delivery of the Securities to be purchased by the
Initial Purchasers and payment therefor shall be made at the offices of Latham & Watkins LLP, 811 Main Street, Suite 3700, Houston, TX 77002 (or such other place as may be agreed to by the Company and Merrill Lynch) at 10:00 a.m. New York
City time, on August 21, 2018, or such other time and date as Merrill Lynch shall designate by notice to the Company (the time and date of such closing are called the “Closing Date”). The Company hereby acknowledges that
circumstances under which Merrill Lynch may provide notice to postpone the Closing Date as originally scheduled include, but are in no way limited to, any determination by the Company or the Initial Purchasers to recirculate to investors copies of
an amended or supplemented Offering Memorandum or a delay as contemplated by the provisions of Section 17 hereof. 
 (c) Delivery of
the Securities. The Company shall deliver, or cause to be delivered, to Merrill Lynch for the accounts of the several Initial Purchasers the Securities at the Closing Date against the irrevocable release of a wire transfer of immediately
available funds for the amount of the purchase price therefor. The Securities shall be in such denominations and registered in the name of Cede & Co., as nominee of the Depositary, pursuant to the DTC Agreement, and certificates for the
Securities shall be made electronically available for inspection on the business day preceding the Closing Date. Time shall be of the essence, and delivery at the time and place specified in this Agreement is a further condition to the obligations
of the Initial Purchasers. 
 (d) Initial Purchasers as Qualified Institutional Buyers. Each Initial Purchaser severally and
not jointly represents and warrants to, and agrees with, the Company that: 
 (i) it will offer and sell Securities only to
(a) persons who it reasonably believes are “qualified institutional buyers” within the meaning of Rule 144A (“Qualified Institutional Buyers”) in transactions meeting the requirements of Rule 144A or (b) upon the
terms and conditions set forth in Annex I to this Agreement; 
 (ii) it is an institutional “accredited
investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act; and 
 (iii) it will not
offer or sell Securities by, any form of general solicitation or general advertising, including but not limited to the methods described in Rule 502(c) under the Securities Act. 

  
 17 

 SECTION 3. Additional Covenants. Each of the Company and the Guarantors
further covenants and agrees, jointly and severally, with each Initial Purchaser as follows: 
 (a) Preparation of Final
Offering Memorandum; Initial Purchasers’ Review of Proposed Amendments and Supplements and Company Additional Written Communications. As promptly as practicable following the Time of Sale and in any event not later than
the second business day following the date hereof, the Company will prepare and deliver to the Initial Purchasers the Final Offering Memorandum, which shall consist of the Preliminary Offering Memorandum as modified only by the information contained
in the Pricing Supplement. The Company will not amend or supplement the Preliminary Offering Memorandum or the Pricing Supplement. The Company will not amend or supplement the Final Offering Memorandum prior to the Closing Date unless the
Representative shall previously have been furnished a copy of the proposed amendment or supplement at least two business days prior to the proposed use or filing, and shall not have objected to such amendment or supplement. Before making, preparing,
using, authorizing, approving or distributing any Company Additional Written Communication, the Company will furnish to the Representative a copy of such written communication for review and will not make, prepare, use, authorize, approve or
distribute any such written communication to which the Representative reasonably objects. 
 (b) Amendments and
Supplements to the Final Offering Memorandum and Other Securities Act Matters. If at any time prior to the Closing Date (i) any event shall occur or condition shall exist as a result of which any of the Pricing Disclosure Package as then
amended or supplemented would include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading or
(ii) it is necessary to amend or supplement any of the Pricing Disclosure Package to comply with law, the Company and the Guarantors will promptly notify the Initial Purchasers thereof and forthwith prepare and (subject to Section 3(a)
hereof) furnish to the Initial Purchasers such amendments or supplements to any of the Pricing Disclosure Package as may be necessary so that the statements in any of the Pricing Disclosure Package as so amended or supplemented will not, in the
light of the circumstances under which they were made, be misleading or so that any of the Pricing Disclosure Package will comply with all applicable law. If, prior to the completion of the placement of the Securities by the Initial Purchasers with
the Subsequent Purchasers, any event shall occur or condition exist as a result of which it is necessary to amend or supplement the Final Offering Memorandum, as then amended or supplemented, in order to make the statements therein, in the light of
the circumstances when the Final Offering Memorandum is delivered to a Subsequent Purchaser, not misleading, or if in the judgment of the Representative or counsel for the Initial Purchasers it is otherwise necessary to amend or supplement the Final
Offering Memorandum to comply with law, the Company and the Guarantors agree to promptly prepare (subject to Section 3 hereof), file with the Commission and furnish at its own expense to the Initial Purchasers, amendments or supplements to the
Final Offering Memorandum so that the statements in the Final Offering Memorandum as so amended or supplemented will not, in the light of the circumstances at the Closing Date and at the time of sale of Securities, be misleading or so that the Final
Offering Memorandum, as amended or supplemented, will comply with all applicable law. 

  
 18 

 Following the consummation of the Exchange Offer or the effectiveness of an
applicable shelf registration statement and for so long as the Securities are outstanding, if, in the judgment of the Representative, the Initial Purchasers or any of their affiliates (as such term is defined in the Securities Act) are required to
deliver a prospectus in connection with sales of, or market-making activities with respect to, the Securities, the Company and the Guarantors agree to (i) periodically amend the applicable registration statement so that the information
contained therein complies with the requirements of Section 10 of the Securities Act, (ii) amend the applicable registration statement or supplement the related prospectus or the documents incorporated therein when necessary to reflect any
material changes in the information provided therein so that the registration statement and the prospectus will not contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein,
in the light of the circumstances existing as of the date the prospectus is so delivered, not misleading and (iii) provide the Initial Purchasers with copies of each amendment or supplement filed and such other documents as the Initial
Purchasers may reasonably request. 
 The Company hereby expressly acknowledges that the indemnification and contribution
provisions of Sections 8 and 9 hereof are specifically applicable and relate to each offering memorandum, registration statement, prospectus, amendment or supplement referred to in this Section 3. 

(c) Copies of the Offering Memorandum. The Company agrees to furnish the Initial Purchasers, without charge, as
many copies of the Pricing Disclosure Package and the Final Offering Memorandum and any amendments and supplements thereto as they shall reasonably request. 

(d) Blue Sky Compliance. Each of the Company and the Guarantors shall cooperate with the Representative and
counsel for the Initial Purchasers to qualify or register (or to obtain exemptions from qualifying or registering) all or any part of the Securities for offer and sale under the securities laws of the several states of the United States, the
provinces of Canada or any other jurisdictions designated by the Representatives, shall comply with such laws and shall continue such qualifications, registrations and exemptions in effect so long as required for the distribution of the Securities.
Neither the Company nor any of the Guarantors shall be required to qualify as a foreign corporation, limited liability company or limited partnership or to take any action that would subject it to general service of process in any such jurisdiction
where it is not presently qualified or where it would be subject to taxation as a foreign corporation, limited liability company or limited partnership. The Company will advise the Representative promptly of the suspension of the qualification or
registration of (or any such exemption relating to) the Securities for offering, sale or trading in any jurisdiction or any initiation or threat of any proceeding for any such purpose, and in the event of the issuance of any order suspending such
qualification, registration or exemption, each of the Company and the Guarantors shall use its reasonable best efforts to obtain the withdrawal thereof at the earliest possible moment. 

  
 19 

 (e) Use of Proceeds. The Company shall apply the net proceeds
from the sale of the Securities sold by it in the manner described under the caption “Use of Proceeds” in the Pricing Disclosure Package. 

(f) The Depositary. The Company will cooperate with the Initial Purchasers and use its reasonable best efforts to permit
the Securities to be eligible for clearance and settlement through the facilities of the Depositary. 
 (g) Additional
Issuer Information. Prior to the completion of the placement of the Securities by the Initial Purchasers with the Subsequent Purchasers, the Company shall file, on a timely basis, with the Commission and the NYSE all reports and documents
required to be filed under Section 13 or 15 of the Exchange Act. Additionally, at any time when the Company is not subject to Section 13 or 15 of the Exchange Act, for the benefit of holders and beneficial owners from time to time of the
Securities, the Company shall furnish, at its expense, upon request, to holders and beneficial owners of Securities and prospective purchasers of Securities information satisfying the requirements of Rule 144A(d). 

(h) Agreement Not To Offer or Sell Additional Securities. During the period of 45 days following the date hereof,
the Company will not, without the prior written consent of Merrill Lynch (which consent may be withheld at the sole discretion of Merrill Lynch), directly or indirectly, sell, offer, contract or grant any option to sell, pledge, transfer or
establish an open “put equivalent position” within the meaning of Rule 16a-1 under the Exchange Act, or otherwise dispose of or transfer, or announce the offering of, or file any registration
statement under the Securities Act in respect of, any debt securities of the Company or securities exchangeable for or convertible into debt securities of the Company (other than as contemplated by this Agreement and to register the Exchange
Securities). 
 (i) No Integration. The Company agrees that it will not and will cause its Affiliates not to
make any offer or sale of securities of the Company of any class if, as a result of the doctrine of “integration” referred to in Rule 502 under the Securities Act, such offer or sale would render invalid (for the purpose of (i) the
sale of the Securities by the Company to the Initial Purchasers, (ii) the resale of the Securities by the Initial Purchasers to Subsequent Purchasers or (iii) the resale of the Securities by such Subsequent Purchasers to others) the
exemption from the registration requirements of the Securities Act provided by Section 4(a)(2) thereof or by Rule 144A or by Regulation S thereunder or otherwise. 

(j) No General Solicitation or Directed Selling Efforts. The Company agrees that it will not and will not permit any of
its Affiliates or any other person acting on its or their behalf (other than the Initial Purchasers, as to which no covenant is given) to (i) solicit offers for, or offer or sell, the Securities by means of any form of general solicitation or
general advertising within the meaning of Rule 502(c) of Regulation D or in any manner involving a public offering within the meaning of Section 4(a)(2) of the Securities Act or (ii) engage in any directed selling efforts with respect to
the Securities within the meaning of Regulation S, and the Company will and will cause all such 

  
 20 

 
persons to comply with the offering restrictions requirement of Regulation S with respect to the Securities. 

(k) No Restricted Resales. During a period of one year after the Closing Date, the Company will not, and will not permit
any of its affiliates (as defined in Rule 144 under the Securities Act) to resell any of the Notes that have been reacquired by any of them. 

(l) Legended Securities. Each certificate for a Note will bear the legend contained in “Transfer Restrictions”
in the Preliminary Offering Memorandum for the time period and upon the other terms stated in the Preliminary Offering Memorandum. 
 The
Representative on behalf of the several Initial Purchasers, may, in its sole discretion, waive in writing the performance by the Company or any Guarantor of any one or more of the foregoing covenants or extend the time for their performance. 

SECTION 4. Payment of Expenses. Each of the Company and the Guarantors agrees, jointly and severally, to pay all costs, fees and
expenses incurred in connection with the performance of its obligations hereunder and in connection with the transactions contemplated hereby, including, without limitation, (i) all expenses incident to the issuance and delivery of the
Securities (including all printing and engraving costs), (ii) all necessary issue, transfer and other stamp taxes in connection with the issuance and sale of the Securities to the Initial Purchasers, (iii) all fees and expenses of the
Company’s and the Guarantors’ counsel, independent public or certified public accountants and other advisors, (iv) all costs and expenses incurred in connection with the preparation, printing, filing, shipping and distribution
(including any form of electronic distribution) of the Pricing Disclosure Package and the Final Offering Memorandum (including financial statements and exhibits), and all amendments and supplements thereto, and the Transaction Documents,
(v) all filing fees, attorneys’ fees and expenses incurred by the Company, the Guarantors or the Initial Purchasers in connection with qualifying or registering (or obtaining exemptions from the qualification or registration of) all or any
part of the Securities for offer and sale under the securities laws of the several states of the United States, the provinces of Canada or other jurisdictions designated by the Initial Purchasers (including, without limitation, the cost of
preparing, printing and mailing preliminary and final blue sky or legal investment memoranda and any related supplements to the Pricing Disclosure Package or the Final Offering Memorandum), (vi) the fees and expenses of the Trustee, including the
fees and disbursements of counsel for the Trustee in connection with the Indenture, the Securities and the Exchange Securities, (vii) any fees payable in connection with the rating of the Securities or the Exchange Securities with the ratings
agencies, (viii) any filing fees incident to, and any reasonable fees and disbursements of counsel to the Initial Purchasers in connection with the review by FINRA, if any, of the terms of the sale of the Securities or the Exchange Securities
(in an amount not to exceed $10,000), (ix) all fees and expenses (including reasonable fees and expenses of counsel) of the Company and the Guarantors in connection with approval of the Securities by the Depositary for “book-entry”
transfer, and the performance by the Company and the Guarantors of their respective other obligations under this Agreement and (x) all expenses incident to the “road show” for the offering of the Securities, if any; provided, however,
that the Initial Purchasers will pay for 50% of the cost of any chartered aircraft in connection with the road show, if any. Except as provided in this Section 4 and Sections 6, 8 and 9 hereof, the Initial Purchasers shall pay their own
expenses, including the fees and disbursements of their counsel. 

  
 21 

 SECTION 5. Conditions of the Obligations of the Initial Purchasers. The
obligations of the several Initial Purchasers to purchase and pay for the Securities as provided herein on the Closing Date shall be subject to the accuracy of the representations and warranties on the part of the Company and the Guarantors set
forth in Section 1 hereof as of the date hereof and as of the Closing Date as though then made and to the timely performance by the Company and the Guarantors of their covenants and other obligations hereunder, and to each of the following
additional conditions: 
 (a) Accountants’ Comfort Letter. On the date hereof, the Initial
Purchasers shall have received from KPMG, the independent registered public accounting firm for the Company, a “comfort letter” dated the date hereof addressed to the Initial Purchasers, in form and substance satisfactory to the
Representative, covering the financial information in the Pricing Disclosure Package and other customary matters. In addition, on the Closing Date, the Initial Purchaser shall have received from such accountants a “bring-down comfort
letter” dated the Closing Date addressed to the Initial Purchasers, in form and substance satisfactory to the Representatives, in the form of the “comfort letter” delivered on the date hereof, except that (i) it shall cover the
financial information in the Final Offering Memorandum and any amendment or supplement thereto and (ii) procedures shall be brought down to a date no more than 3 days prior to the Closing Date. 

(b) Reserve Engineer Letter. On the date hereof, the Initial Purchasers shall have received from the Reserve Engineer, a
letter dated the date hereof addressed to the Initial Purchasers, in form and substance satisfactory to the Representative, containing statements and information ordinarily included in reserve engineers’ “comfort letters” to Initial
Purchasers with respect to the reserve reports and related information contained in the Offering Memorandum. In addition, on the Closing Date, the Initial Purchaser shall have received from the Reserve Engineer a bring-down letter dated the Closing
Date addressed to the Initial Purchasers, in form and substance satisfactory to the Representatives, in the form of the letter delivered on the date hereof, except that it shall cover the reserve reports and related information in the Final Offering
Memorandum and any amendment or supplement thereto. 
 (c) No Material Adverse Effect or Ratings Agency Change.
For the period from and after the date of this Agreement and prior to the Closing Date: 
 (i) in the judgment of the
Representative there shall not have occurred any Material Adverse Effect; and 
 (ii) there shall not have occurred any
downgrading, nor shall any notice have been given of any intended or potential downgrading or of any review for a possible change that does not indicate the direction of the possible change, in the rating accorded the Company or any of its
Subsidiaries or any of their securities or indebtedness by any “nationally recognized statistical rating organization” registered under Section15E of the Exchange Act. 

  
 22 

 (d) Opinion of Counsel for the Company. On the Closing Date
the Initial Purchasers shall have received the favorable opinion of Gibson, Dunn & Crutcher LLP, counsel for the Company, dated as of such Closing Date, the form of which is attached as
Exhibits A-1 and A-2. 
 (e) Opinion
of Counsel for the Initial Purchasers. On the Closing Date the Initial Purchasers shall have received the favorable opinion of Latham & Watkins LLP, counsel for the Initial Purchasers, dated as of such Closing Date, with respect
to such matters as may be reasonably requested by the Initial Purchasers. 
 (f) Officers’ Certificate. On the
Closing Date the Initial Purchasers shall have received a written certificate executed by the Chairman of the Board, Chief Executive Officer or President of the Company and each Guarantor and the Chief Financial Officer or Chief Accounting Officer
of the Company and each Guarantor, dated as of the Closing Date, to the effect set forth in Section 5(c)(ii) hereof, and further to the effect that: 

(i) for the period from and after the date of this Agreement and prior to the Closing Date there has not occurred any Material
Adverse Effect; 
 (ii) the representations, warranties and covenants of the Company and the Guarantors set forth in
Section 1 hereof were true and correct as of the date hereof and are true and correct as of the Closing Date with the same force and effect as though expressly made on and as of the Closing Date; and 

(iii) each of the Company and the Guarantors has complied with all the agreements and satisfied all the conditions on its part
to be performed or satisfied at or prior to the Closing Date. 
 (g) Indenture; Registration Rights Agreement.
The Company and the Guarantors shall have executed and delivered the Indenture, in form and substance reasonably satisfactory to the Initial Purchasers, and the Initial Purchasers shall have received executed copies thereof. The Company and the
Guarantors shall have executed and delivered the Registration Rights Agreement, in form and substance reasonably satisfactory to the Initial Purchasers and the Initial Purchasers shall have received such executed counterparts. 

(h) Depositary. The Securities shall be eligible for clearance and settlement through the facilities of DTC. 

(i) Additional Documents. On or before the Closing Date, the Initial Purchasers and counsel for the Initial
Purchasers shall have received such information, documents and opinions as they may reasonably require for the purposes of enabling them to pass upon the issuance and sale of the Securities as contemplated herein, or in order to evidence the
accuracy of any of the representations and warranties, or the satisfaction of any of the conditions or agreements, herein contained. 

  
 23 

 If any condition specified in this Section 5 is not satisfied when and as required to
be satisfied, this Agreement may be terminated by the Representative by notice to the Company at any time on or prior to the Closing Date, which termination shall be without liability on the part of any party to any other party, except that
Sections 4, 6, 8 and 9 hereof shall at all times be effective and shall survive such termination. 
 SECTION 6. Reimbursement of
Initial Purchasers’ Expenses. If this Agreement is terminated by the Representative pursuant to Section 5 or clauses (i), (iv) or (v) of Section 10 hereof, including if the sale to the Initial Purchasers
of the Securities on the Closing Date is not consummated because of any refusal, inability or failure on the part of the Company to perform any agreement herein or to comply with any provision hereof, the Company agrees to reimburse the Initial
Purchasers, severally, upon demand for all out-of-pocket expenses that shall have been reasonably incurred by the Initial Purchasers in connection with the proposed
purchase and the offering and sale of the Securities, including, without limitation, fees and disbursements of counsel, printing expenses, travel expenses, postage, facsimile and telephone charges. 

SECTION 7. Offer, Sale and Resale Procedures. Each of the Initial Purchasers, on the one hand, and the Company and each of the
Guarantors, on the other hand, hereby agree to observe the following procedures in connection with the offer and sale of the Securities: 

(a) Offers and sales of the Securities will be made only by the Initial Purchasers or Affiliates thereof qualified to do so in
the jurisdictions in which such offers or sales are made. Each such offer or sale shall only be made to persons whom the offeror or seller reasonably believes to be Qualified Institutional Buyers or non-U.S.
persons outside the United States to whom the offeror or seller reasonably believes offers and sales of the Securities may be made in reliance upon Regulation S upon the terms and conditions set forth in Annex I hereto, which Annex I is hereby
expressly made a part hereof. 
 (b) No general solicitation or general advertising (within the meaning of Rule 502 under the
Securities Act) will be used in the United States in connection with the offering of the Securities. 
 (c) Upon original
issuance by the Company, and until such time as the same is no longer required under the applicable requirements of the Securities Act, the Notes (and all securities issued in exchange therefor or in substitution thereof, other than the Exchange
Notes) shall bear the following legend: 
 “THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION
EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH
REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT 

  
 24 

 
THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES FOR THE
BENEFIT OF THE COMPANY THAT (A) SUCH SECURITY MAY BE RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (1)(a) INSIDE THE UNITED STATES TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER
THE SECURITIES ACT) PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A UNDER THE SECURITIES ACT, (b) OUTSIDE THE UNITED STATES TO A FOREIGN PERSON IN A
TRANSACTION MEETING THE REQUIREMENTS OF RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (c) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF APPLICABLE) OR (d) IN
ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT (AND BASED UPON AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY IF THE COMPANY SO REQUESTS), (2) TO THE COMPANY OR (3) PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY
PURCHASER OF THE SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN CLAUSE (A) ABOVE. NO REPRESENTATION CAN BE MADE AS TO THE AVAILABILITY OF THE EXEMPTION PROVIDED BY RULE 144 FOR RESALE OF THE SECURITY EVIDENCED HEREBY.”

 Following the sale of the Securities by the Initial Purchasers to Subsequent Purchasers pursuant to the terms hereof, the Initial
Purchasers shall not be liable or responsible to the Company for any losses, damages or liabilities suffered or incurred by the Company, including any losses, damages or liabilities under the Securities Act, arising from or relating to any resale or
transfer of any Security. 
 SECTION 8. Indemnification. 

(a) Indemnification of the Initial Purchasers. Each of the Company and the Guarantors, jointly and severally, agrees to indemnify
and hold harmless each Initial Purchaser, its affiliates, directors, officers and employees, and each person, if any, who controls any Initial Purchaser within the meaning of the Securities Act and the Exchange Act against any loss, claim, damage,
liability or expense, as incurred, to which such Initial Purchaser, affiliate, director, 

  
 25 

 
officer, employee or controlling person may become subject, under the Securities Act, the Exchange Act or other federal or state statutory law or regulation, or at common law or otherwise
(including in settlement of any litigation, if such settlement is effected with the written consent of the Company), insofar as such loss, claim, damage, liability or expense (or actions in respect thereof as contemplated below) arises out of or is
based upon any untrue statement or alleged untrue statement of a material fact contained in the Preliminary Offering Memorandum, the Pricing Supplement, any Company Additional Written Communication or the Final Offering Memorandum (or any
amendment or supplement thereto), or the omission or alleged omission therefrom of a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; and to reimburse each
Initial Purchaser and each such affiliate, director, officer, employee or controlling person for any and all expenses (including the fees and disbursements of counsel chosen by Merrill Lynch) as such expenses are reasonably incurred by such Initial
Purchaser or such affiliate, director, officer, employee or controlling person in connection with investigating, defending, settling, compromising or paying any such loss, claim, damage, liability, expense or action; provided, however, that the
foregoing indemnity agreement shall not apply, with respect to an Initial Purchaser, to any loss, claim, damage, liability or expense to the extent, but only to the extent, arising out of or based upon any untrue statement or alleged untrue
statement or omission or alleged omission made in reliance upon and in conformity with written information furnished to the Company by or on behalf of such Initial Purchaser through the Representative expressly for use in the Preliminary Offering
Memorandum, the Pricing Supplement, any Company Additional Written Communication or the Final Offering Memorandum (or any amendment or supplement thereto). The indemnity agreement set forth in this Section 8(a) shall be in addition to any
liabilities that the Company may otherwise have. 
 (b) Indemnification of the Company and the Guarantors. Each Initial Purchaser
agrees, severally and not jointly, to indemnify and hold harmless the Company, each Guarantor, each of their respective directors, officers and each person, if any, who controls the Company or any Guarantor within the meaning of the Securities Act
or the Exchange Act, against any loss, claim, damage, liability or expense, as incurred, to which the Company, any Guarantor or any such director, officer or controlling person may become subject, under the Securities Act, the Exchange Act, or other
federal or state statutory law or regulation, or at common law or otherwise (including in settlement of any litigation, if such settlement is effected with the written consent of such Initial Purchaser), insofar as such loss, claim, damage,
liability or expense (or actions in respect thereof as contemplated below) arises out of or is based upon any untrue statement or alleged untrue statement of a material fact contained in the Preliminary Offering Memorandum, the Pricing Supplement,
any Company Additional Written Communication or the Final Offering Memorandum (or any amendment or supplement thereto), or the omission or alleged omission therefrom of a material fact necessary in order to make the statements therein, in the light
of the circumstances under which they were made, not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in the Preliminary Offering
Memorandum, the Pricing Supplement, any Company Additional Written Communication or the Final Offering Memorandum (or any amendment or supplement thereto), in reliance upon and in conformity with written information furnished to the Company by or on
behalf of such Initial Purchaser through the Representative expressly for use therein; and to reimburse the Company, any Guarantor and each such director, officer or controlling person for any and all expenses

  
 26 

 
(including the fees and disbursements of counsel) as such expenses are reasonably incurred by the Company, any Guarantor or such director, officer or controlling person in connection with
investigating, defending, settling, compromising or paying any such loss, claim, damage, liability, expense or action. Each of the Company and the Guarantors hereby acknowledges that the only information that the Initial Purchasers through the
Representative have furnished to the Company expressly for use in the Preliminary Offering Memorandum, the Pricing Supplement, any Company Additional Written Communication or the Final Offering Memorandum (or any amendment or supplement thereto) are
the statements set forth in the fifth, ninth and tenth paragraphs under the caption “Plan of Distribution” in the Preliminary Offering Memorandum and the Final Offering Memorandum. The indemnity agreement set forth in this
Section 8(b) shall be in addition to any liabilities that each Initial Purchaser may otherwise have. 
 (c) Notifications and Other
Indemnification Procedures. Promptly after receipt by an indemnified party under this Section 8 of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against an indemnifying
party under this Section 8, notify the indemnifying party in writing of the commencement thereof; provided that the failure to so notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party
under this Section 8 except to the extent that it has been materially prejudiced by such failure (through the forfeiture of substantive rights and defenses) and shall not relieve the indemnifying party from any liability that the indemnifying
party may have to an indemnified party other than under this Section 8. In case any such action is brought against any indemnified party and such indemnified party seeks or intends to seek indemnity from an indemnifying party, the indemnifying
party will be entitled to participate in and, to the extent that it shall elect, jointly with all other indemnifying parties similarly notified, by written notice delivered to the indemnified party promptly after receiving the aforesaid notice from
such indemnified party, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, if the defendants in any such action include both the indemnified party and the indemnifying party and the
indemnified party shall have reasonably concluded that a conflict may arise between the positions of the indemnifying party and the indemnified party in conducting the defense of any such action or that there may be legal defenses available to it
and/or other indemnified parties which are different from or additional to those available to the indemnifying party, the indemnified party or parties shall have the right to select separate counsel to assume such legal defenses and to otherwise
participate in the defense of such action on behalf of such indemnified party or parties. Upon receipt of notice from the indemnifying party to such indemnified party of such indemnifying party’s election so to assume the defense of such action
and approval by the indemnified party of counsel, the indemnifying party will not be liable to such indemnified party under this Section 8 for any legal or other expenses subsequently incurred by such indemnified party in connection with the
defense thereof unless (i) the indemnified party shall have employed separate counsel in accordance with the proviso to the immediately preceding sentence (it being understood, however, that the indemnifying party shall not be liable for the
expenses of more than one separate counsel (together with local counsel (in each applicable jurisdiction)), which shall be selected by Merrill Lynch (in the case of counsel representing the Initial Purchasers or their related persons), representing
the indemnified parties who are parties to such action) or (ii) the indemnifying party shall not have employed counsel satisfactory to the indemnified party to represent the indemnified party within a reasonable time after notice of
commencement of the action, in each of which cases the fees and expenses of counsel shall be at the expense of the indemnifying party. 

  
 27 

 (d) Settlements. The indemnifying party under this Section 8 shall not be liable
for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the indemnifying party agrees to indemnify the indemnified party against any loss, claim,
damage, liability or expense by reason of such settlement or judgment. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement, compromise or consent to the entry of judgment in any pending or
threatened action, suit or proceeding in respect of which any indemnified party is or could have been a party and indemnity was or could have been sought hereunder by such indemnified party, unless such settlement, compromise or consent
(i) includes an unconditional release of such indemnified party from all liability on claims that are the subject matter of such action, suit or proceeding and (ii) does not include any statements as to or any findings of fault,
culpability or failure to act by or on behalf of any indemnified party. 
 SECTION 9. Contribution. If the indemnification provided
for in Section 8 hereof is for any reason held to be unavailable to or otherwise insufficient to hold harmless an indemnified party in respect of any losses, claims, damages, liabilities or expenses referred to therein, then each indemnifying
party shall contribute to the aggregate amount paid or payable by such indemnified party, as incurred, as a result of any losses, claims, damages, liabilities or expenses referred to therein (i) in such proportion as is appropriate to reflect
the relative benefits received by the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, from the offering of the Securities pursuant to this Agreement or (ii) if the allocation provided by clause
(i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the Company and the Guarantors, on the one hand,
and the Initial Purchasers, on the other hand, in connection with the statements or omissions or inaccuracies in the representations and warranties herein which resulted in such losses, claims, damages, liabilities or expenses, as well as any other
relevant equitable considerations. The relative benefits received by the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, in connection with the offering of the Securities pursuant to this Agreement shall
be deemed to be in the same respective proportions as the total net proceeds from the offering of the Securities pursuant to this Agreement (before deducting expenses) received by the Company, and the total discount received by the Initial
Purchasers bear to the aggregate initial offering price of the Securities. The relative fault of the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, shall be determined by reference to, among other things,
whether any such untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact or any such inaccurate or alleged inaccurate representation or warranty relates to information supplied by the Company
and the Guarantors, on the one hand, or the Initial Purchasers, on the other hand, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission or inaccuracy. 

  
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 The amount paid or payable by a party as a result of the losses, claims, damages,
liabilities and expenses referred to above shall be deemed to include, subject to the limitations set forth in Section 8 hereof, any legal or other fees or expenses reasonably incurred by such party in connection with investigating or defending
any action or claim. The provisions set forth in Section 8 hereof with respect to notice of commencement of any action shall apply if a claim for contribution is to be made under this Section 9; provided, however, that no additional notice
shall be required with respect to any action for which notice has been given under Section 8 hereof for purposes of indemnification. 

The Company, the Guarantors and the Initial Purchasers agree that it would not be just and equitable if contribution pursuant to this
Section 9 were determined by pro rata allocation (even if the Initial Purchasers were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to in this
Section 9. 
 Notwithstanding the provisions of this Section 9, no Initial Purchaser shall be required to contribute any amount in
excess of the discount received by such Initial Purchaser in connection with the Securities distributed by it. No person guilty of fraudulent misrepresentation (within the meaning of Section 11 of the Securities Act) shall be entitled to
contribution from any person who was not guilty of such fraudulent misrepresentation. The Initial Purchasers’ obligations to contribute pursuant to this Section 9 are several, and not joint, in proportion to their respective commitments as
set forth opposite their names in Schedule A. For purposes of this Section 9, each affiliate, director, officer and employee of an Initial Purchaser and each person, if any, who controls an Initial Purchaser within the meaning of the Securities
Act and the Exchange Act shall have the same rights to contribution as such Initial Purchaser, and each director of the Company or any Guarantor, and each person, if any, who controls the Company or any Guarantor with the meaning of the Securities
Act and the Exchange Act shall have the same rights to contribution as the Company and the Guarantors. 
 SECTION 10. Termination of this
Agreement. Prior to the Closing Date, this Agreement may be terminated by the Representative by notice given to the Company if at any time: (i) trading or quotation in any of the Company’s securities shall have been suspended or
limited by the Commission or by the New York Stock Exchange (the “NYSE”), or trading in securities generally on either the Nasdaq Stock Market or the NYSE shall have been suspended or limited, or minimum or maximum prices shall have
been generally established on any of such quotation system or stock exchange by the Commission or FINRA; (ii) a general banking moratorium shall have been declared by any of federal, New York or Texas authorities; (iii) there shall have
occurred any outbreak or escalation of national or international hostilities or any crisis or calamity, or any change in the United States or international financial markets, or any substantial change or development involving a prospective
substantial change in United States’ or international political, financial or economic conditions, as in the judgment of the Representative is material and adverse and makes it impracticable or inadvisable to proceed with the offering sale or
delivery of the Securities in the manner and on the terms described in the Pricing Disclosure Package or to enforce contracts for the sale of securities; (iv) in the judgment of the Representative there shall have occurred any Material Adverse
Effect; or (v) the Company shall have sustained a loss by strike, fire, flood, earthquake, accident or other calamity of such character as in the judgment of the Representative may interfere materially with the conduct of the business and
operations of the Company regardless of whether or not such loss shall have been insured. Any termination pursuant to this Section 10 shall be without liability on the part of (i) the Company or any Guarantor to any Initial Purchaser,
except that the Company and the Guarantors shall be obligated to reimburse the expenses of the Initial Purchasers pursuant to Sections 4 and 6 hereof, (ii) any Initial Purchaser to the Company, or (iii) any party hereto to any other
party except that the provisions of Sections 8 and 9 hereof shall at all times be effective and shall survive such termination. 

  
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 SECTION 11. Representations and Indemnities to Survive Delivery. The
respective indemnities, agreements, representations, warranties and other statements of the Company, the Guarantors, their respective officers and the several Initial Purchasers set forth in or made pursuant to this Agreement will remain in full
force and effect, regardless of any investigation made by or on behalf of any Initial Purchaser, the Company, any Guarantor or any of their partners, officers or directors or any controlling person, as the case may be, and will survive delivery of
and payment for the Securities sold hereunder and any termination of this Agreement. 
 SECTION 12. Notices. All
communications hereunder shall be in writing and shall be mailed, hand delivered, couriered or electronically mailed and confirmed to the parties hereto as follows: 

If to the Initial Purchasers: 

Merrill Lynch, Pierce, Fenner & Smith Incorporated 

50 Rockefeller Plaza 
 New York,
New York 10020 
 Attention: High Yield Legal Department 

Fax: (212) 901-7897 

with a copy to: 

Latham & Watkins LLP 

811 Main St., Suite 3700 

Houston, Texas 77002 
 Attention:
Ryan Maierson 
 Fax: (713) 546-5401 

If to the Company or the Guarantors: 

Matador Resources Company 
 One
Lincoln Centre 
 5400 LBJ Freeway, Suite 1500 

Dallas, Texas 75240 
 Attention:
Joseph Wm. Foran 
     Chief Executive Officer 

Fax: (972) 371-5201 

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

Gibson, Dunn & Crutcher LLP 

2100 McKinney Avenue 
 Dallas,
Texas 75201 
 Attention: Douglass M. Rayburn 

Fax: (214) 571-2948 

  
 30 

 Any party hereto may change the address or facsimile number for receipt of communications by
giving written notice to the others. 
 SECTION 13. Successors. This Agreement will inure to the benefit of and be binding
upon the parties hereto, and to the benefit of the indemnified parties referred to in Sections 8 and 9 hereof, and in each case their respective successors, and no other person will have any right or obligation hereunder. The term
“successors” shall not include any Subsequent Purchaser or other purchaser of the Securities as such from any of the Initial Purchasers merely by reason of such purchase. 

SECTION 14. Authority of the Representative. Any action by the Initial Purchasers hereunder may be taken by Merrill Lynch on behalf of
the Initial Purchasers, and any such action taken by Merrill Lynch shall be binding upon the Initial Purchasers. 
 SECTION 15. Partial
Unenforceability. The invalidity or unenforceability of any section, paragraph or provision of this Agreement shall not affect the validity or enforceability of any other section, paragraph or provision hereof. If any section, paragraph or
provision of this Agreement is for any reason determined to be invalid or unenforceable, there shall be deemed to be made such minor changes (and only such minor changes) as are necessary to make it valid and enforceable. 

SECTION 16. Governing Law Provisions. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY, OR DISPUTE ARISING UNDER OR RELATING TO THIS
AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN SUCH STATE WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF. 

SECTION 17. Default of One or More of the Several Initial Purchasers. If any one or more of the several Initial Purchasers shall
fail or refuse to purchase Securities that it or they have agreed to purchase hereunder on the Closing Date, and the aggregate number of Securities which such defaulting Initial Purchaser or Initial Purchasers agreed but failed or refused to
purchase does not exceed 10% of the aggregate number of the Securities to be purchased on such date, the other Initial Purchasers shall be obligated, severally, in the proportions that the number of Securities set forth opposite their respective
names on Schedule A bears to the aggregate number of Securities set forth opposite the names of all such non-defaulting Initial Purchasers, or in such other proportions as may be specified by the Initial
Purchasers with the consent of the non-defaulting Initial Purchasers, to purchase the Securities which such defaulting Initial Purchaser or Initial Purchasers agreed but failed or refused to purchase on the
Closing Date. If any one or more of the Initial Purchasers shall fail or refuse to purchase Securities and the aggregate number of Securities with respect to which such default occurs exceeds 10% of the aggregate number of Securities to be purchased
on the Closing Date, and arrangements satisfactory to the Initial Purchasers and the Company for the purchase of such Securities are not 

  
 31 

 
made within 48 hours after such default, this Agreement shall terminate without liability of any party to any other party except that the provisions of Sections 4, 6, 8 and 9 hereof shall at
all times be effective and shall survive such termination. In any such case either the Initial Purchasers or the Company shall have the right to postpone the Closing Date, as the case may be, but in no event for longer than seven days in order that
the required changes, if any, to the Final Offering Memorandum or any other documents or arrangements may be effected. 
 As used in this
Agreement, the term “Initial Purchaser” shall be deemed to include any person substituted for a defaulting Initial Purchaser under this Section 17. Any action taken under this Section 17 shall not relieve any defaulting
Initial Purchaser from liability in respect of any default of such Initial Purchaser under this Agreement. 
 SECTION 18. No Advisory or
Fiduciary Responsibility. Each of the Company and the Guarantors acknowledges and agrees that: (i) the purchase and sale of the Securities pursuant to this Agreement, including the determination of the offering price of the Securities and
any related discounts and commissions, is an arm’s-length commercial transaction between the Company and the Guarantors, on the one hand, and the several Initial Purchasers, on the other hand, and the
Company and the Guarantors are capable of evaluating and understanding and understand and accept the terms, risks and conditions of the transactions contemplated by this Agreement; (ii) in connection with each transaction contemplated hereby
and the process leading to such transaction each Initial Purchaser is and has been acting solely as a principal and is not the agent or fiduciary of the Company and the Guarantors or their respective affiliates, stockholders, creditors or employees
or any other party; (iii) no Initial Purchaser has assumed or will assume an advisory or fiduciary responsibility in favor of the Company and the Guarantors with respect to any of the transactions contemplated hereby or the process leading
thereto (irrespective of whether such Initial Purchaser has advised or is currently advising the Company and the Guarantors on other matters) or any other obligation to the Company and the Guarantors except the obligations expressly set forth in
this Agreement; (iv) the several Initial Purchasers and their respective affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Company and the Guarantors, and the several Initial
Purchasers have no obligation to disclose any of such interests by virtue of any fiduciary or advisory relationship; and (v) the Initial Purchasers have not provided any legal, accounting, regulatory or tax advice with respect to the offering
contemplated hereby, and the Company and the Guarantors have consulted their own legal, accounting, regulatory and tax advisors to the extent they deemed appropriate. 

This Agreement supersedes all prior agreements and understandings (whether written or oral) between the Company, the Guarantors and the
several Initial Purchasers, or any of them, with respect to the subject matter hereof. The Company and the Guarantors hereby waive and release, to the fullest extent permitted by law, any claims that the Company and the Guarantors may have against
the several Initial Purchasers with respect to any breach or alleged breach of fiduciary duty. 
 SECTION 19. Compliance With USA Patriot
Act. In accordance with the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)), the Initial Purchasers are required to obtain, verify and record
information that identifies their respective clients, including the Company, which information may include the name and address of their respective clients, as well as other information that will allow the Initial Purchasers to properly identify
their respective clients. 

  
 32 

 SECTION 20. General Provisions. This Agreement constitutes the entire agreement of
the parties to this Agreement and supersedes all prior written or oral and all contemporaneous oral agreements, understandings and negotiations with respect to the subject matter hereof. This Agreement may be executed in two or more counterparts,
each one of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. Delivery of an executed counterpart of a signature page to this Agreement by telecopier, facsimile or other
electronic transmission (i.e., a “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart thereof. This Agreement may not be amended or modified unless in writing by all of the parties hereto, and no
condition herein (express or implied) may be waived unless waived in writing by each party whom the condition is meant to benefit. The section headings herein are for the convenience of the parties only and shall not affect the construction or
interpretation of this Agreement. 
 [Signature Pages Follow] 

  
 33 

 If the foregoing is in accordance with your understanding of our agreement, kindly sign and
return to the Company the enclosed copies hereof, whereupon this instrument, along with all counterparts hereof, shall become a binding agreement in accordance with its terms. 

 

			
	 Very truly yours,
  

	 ISSUER:
  

	 MATADOR RESOURCES COMPANY
  

	By: 	 	 /s/ Craig N. Adams

		 	Craig N. Adams
		 	Executive Vice President – Land, Legal and Administration
	
	 GUARANTORS:
  

	DELAWARE WATER MANAGEMENT COMPANY, LLC
	LONGWOOD GATHERING AND DISPOSAL SYSTEMS GP, INC.
	LONGWOOD MIDSTREAM HOLDINGS, LLC
	LONGWOOD MIDSTREAM SOUTH TEXAS, LLC
	LONGWOOD MIDSTREAM SOUTHEAST, LLC
	LONGWOOD MIDSTREAM DELAWARE, LLC
	MATADOR PRODUCTION COMPANY
	MRC ENERGY COMPANY
	MRC DELAWARE RESOURCES, LLC
	MRC ENERGY SOUTHEAST COMPANY, LLC
	MRC ENERGY SOUTH TEXAS COMPANY, LLC
	MRC PERMIAN COMPANY
	MRC PERMIAN LKE COMPANY, LLC
	MRC ROCKIES COMPANY
	 SOUTHEAST WATER MANAGEMENT COMPANY, LLC
  

	By:	 	 /s/ Craig N. Adams

		 	Craig N. Adams
		 	Executive Vice President – Land, Legal and Administration
	
	LONGWOOD GATHERING AND DISPOSAL SYSTEMS, LP

 Signature Page to Purchase Agreement 

			
	By:	 	 Longwood Gathering and Disposal Systems
 GP,
Inc., its general partner
  

	By:	 	 /s/ Craig N. Adams

		 	Craig N. Adams
		 	Executive Vice President – Land, Legal and Administration

 Signature Page to Purchase Agreement 

 The foregoing Purchase Agreement is hereby confirmed and accepted by the Initial Purchasers
as of the date first above written. 
 MERRILL LYNCH, PIERCE, FENNER &
SMITH 
 INCORPORATED 

Acting on behalf of itself 
 and
as the Representative of 
 the several Initial Purchasers 
  

			
	By:	 	 Merrill Lynch, Pierce, Fenner & Smith

Incorporated
  

	By:	 	 /s/ J. Lex Maultsby

		 	Name: J. Lex Maultsby
		 	Title:   Managing Director

 Signature Page to Purchase Agreement 

 SCHEDULE A 
  

					
	 Initial Purchasers
	  	Aggregate
Principal
Amount of
Securities to be
Purchased	 
	 Merrill Lynch, Pierce, Fenner & Smith

Incorporated
	  	$	243,750,000	 
	 Scotia Capital (USA) Inc.
	  	 	112,500,000	 
	 SunTrust Robinson Humphrey, Inc.
	  	 	101,250,000	 
	 Wells Fargo Securities, LLC
	  	 	82,500,000	 
	 BMO Capital Markets Corp.
	  	 	60,000,000	 
	 RBC Capital Markets, LLC
	  	 	60,000,000	 
	 Comerica Securities, Inc.
	  	 	30,000,000	 
	 IBERIA Capital Partners L.L.C.
	  	 	26,250,000	 
	 Stifel, Nicolaus & Company, Incorporated
	  	 	11,250,000	 
	 Imperial Capital, LLC
	  	 	7,500,000	 
	 Northland Securities, Inc.
	  	 	7,500,000	 
	 Stephens Inc.
	  	 	7,500,000	 
		  	  
	  
	 
	 Total
	  	$	750,000,000	 
		  	  
	  
	 

 EXHIBIT A-1 

FORM OF OPINION OF COUNSEL TO THE COMPANY 

Based upon the foregoing, and subject to the assumptions, exceptions, qualifications and limitations set forth herein, we are of the opinion that: 

 

	 	1.	 The Company is a validly existing corporation in good standing under the laws of the State of Texas.

  

	 	2.	 Each Guarantor is a validly existing corporation, limited liability company or limited partnership, as
applicable, in good standing under the laws of the State of Texas. 

  

	 	3.	 The Company and each Guarantor has all requisite corporate, limited liability company or limited partnership
power and authority to (i) own, lease and operate its respective properties and to conduct its respective business as described in the Pricing Disclosure Package and the Offering Memorandum and (ii) execute and deliver the Note Documents
to which it is a party and to perform its obligations thereunder. 

  

	 	4.	 The execution and delivery by the Company and each Guarantor of the Note Documents to which it is a party and
the performance of its obligations thereunder have been duly authorized by all necessary corporate, limited liability company or limited partnership action, as applicable. Each of the Closing Date Note Documents has been duly executed and
delivered by the Company and each Guarantor party thereto. 

  

	 	5.	 Each of the Indenture and the Registration Rights Agreement constitutes a legal, valid and binding obligation
of the Company and each Guarantor party thereto, enforceable against the Company and each such Guarantor in accordance with its terms. 

  

	 	6.	 The Notes, when authenticated in accordance with the provisions of the Indenture and delivered to and paid for
by the Initial Purchasers in accordance with the terms of the Purchase Agreement, will be legal, valid and binding obligations of the Company, entitled to the benefits of the Indenture and enforceable against the Company in accordance with their
terms. The Exchange Notes, when executed and authenticated in accordance with the provisions of the Indenture and delivered in exchange for the Notes in accordance with the provisions of the Registration Rights Agreement, will be legal, valid and
binding obligations of the Company, entitled to the benefits of the Indenture and enforceable against the Company in accordance with their terms. 

  

	 	7.	 When the Notes and the Guarantees endorsed thereon have been duly authenticated in accordance with the
provisions of the Indenture and delivered to and paid for by the Initial Purchasers in accordance with the terms of the Purchase Agreement, the Guarantee of each Guarantor will be a legal, valid and binding obligation of such Guarantor, entitled to
the benefits of the Indenture and enforceable against such Guarantor in accordance with its terms. When the Exchange Notes and the Exchange Note Guarantees endorsed thereon have been duly executed and authenticated in accordance with the provisions
of 

 Exhibit A-1 

  
 1 

	 	
the Indenture and delivered in exchange for the Notes and the Guarantees in accordance with the provisions of the Registration Rights Agreement, the Exchange Note Guarantee of each Guarantor will
be a legal, valid and binding obligation of such Guarantor, entitled to the benefits of the Indenture and enforceable against such Guarantor in accordance with its terms. 

 

	 	8.	 The execution and delivery by the Company and the Guarantors of the Closing Date Note Documents to which it is
a party, the performance of its obligations thereunder, and the issuance by the Company and the Guarantors of the Notes and the Guarantees to the Initial Purchasers: 

(i) do not and will not violate the charter or bylaws or other constitutive documents of the Company or any of the Guarantors;

 (ii) based solely upon review of such agreements, do not and will not result in a breach of or default under any
agreement (other than employment agreements, stock option plans, stock election plans, stock incentive plans, officer and director indemnification agreements,
change-in-control or severance agreements and deferred compensation plans, as to which we express no opinion) included in the list of exhibits in the Company’s
Annual Report on Form 10-K for the year ended December 31, 2017 and the Quarterly Reports on Form 10-Q filed subsequent to such Annual Report; and 

(iii) do not and will not violate, or require any filing or registration with or consent, approval, authorization or order of
any governmental authority or regulatory body of the States of New York or Texas or the United States of America under, any law, statute, rule or regulation of the States of New York or Texas or the United States of America applicable to the Company
or any of the Guarantors that, in our experience, is generally applicable to transactions in the nature of those contemplated by the Purchase Agreement. 
  

	 	9.	 Assuming the accuracy of the representations and warranties of the Company, the Guarantors and the Initial
Purchasers and compliance by them with their agreements contained in the Purchase Agreement, no registration of the Notes or Guarantees under the Securities Act, and no qualification of the Indenture under the Trust Indenture Act of 1939, as
amended, is required for the sale and delivery of the Notes to the Initial Purchasers on the date hereof or for resales by the Initial Purchasers in the manner contemplated by the Purchase Agreement and the Offering Memorandum, dated August 7,
2018, issued in connection with the offer and sale of the Notes (the “Offering Memorandum”), it being understood that we express no opinion as to any subsequent resale of the Notes or Guarantees. 

Exhibit A-1 

  
 2 

	 	10.	 Insofar as the statements in the Pricing Disclosure Package and the Offering Memorandum under the captions
“The Offering” and “Description of the Notes” purport to describe specific provisions of the Notes or the other Note Documents, such statements are accurate in all material respects. 

 

	 	11.	 Insofar as the statements in the Pricing Disclosure Package and the Offering Memorandum under the caption
“Material United States Federal Income Tax Considerations” purport to summarize matters of United States federal tax law and regulations, such statements are accurate in all material respects, subject to the limitations, qualifications and
assumptions set forth therein. 

  

	 	12.	 Each of the Company and the Guarantors is not and, after giving effect to the sale of the Notes and the use of
proceeds therefrom as described in the Pricing Disclosure Package and the Offering Memorandum, will not be an “investment company” that is required to be registered under the Investment Company Act of 1940, as amended (the “Investment
Company Act”). For purposes of this paragraph 12, the term “investment company” has the meanings ascribed to such term in the Investment Company Act. 

Exhibit A-1 

  
 3 

 EXHIBIT A-2 

FORM OF 10B-5 LETTER OF COUNSEL TO THE COMPANY 

We have participated in conferences with officers and other representatives of the Company, the Guarantors, representatives of the independent auditors and
independent reserve engineers of the Company and your representatives and counsel at which the contents of the General Disclosure Package and the Final Offering Memorandum and related matters were discussed. Because the purpose of our professional
engagement was not to establish or confirm factual matters and because we did not independently undertake to verify the accuracy, completeness or fairness of the statements set forth in the General Disclosure Package or the Final Offering
Memorandum, we are not passing upon and do not assume any responsibility for the accuracy, completeness or fairness of the statements contained in the General Disclosure Package or the Final Offering Memorandum except insofar as such statements
specifically relate to us or as specifically addressed in paragraphs 10 and 11 of our legal opinion addressed to you of even date herewith. Our identification of information as constituting the General Disclosure Package is for the limited purpose
of making the statements set forth in this letter. We express no opinion or belief as to the conveyance of the General Disclosure Package or the Final Offering Memorandum or the information contained therein to investors generally or to any
particular investors at any particular time or in any particular manner. 
 On the basis of the foregoing, and except for (1) the
financial statements and schedules and other information of an accounting or financial nature included or incorporated by reference therein and (2) the audit report of Netherland, Sewell & Associates, Inc. incorporated by reference
therein and any information derived therefrom, as to all of which we express no opinion or belief, no facts have come to our attention that led us to believe that (i) the General Disclosure Package, at the Applicable Time, included an untrue
statement of material fact or omitted to state a material fact necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading or (ii) the Final Offering Memorandum, as of its date or
as of the date hereof, included or includes an untrue statement of a material fact or omitted or omits to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not
misleading. 
 Exhibit A-2 

 EXHIBIT B 

Subsidiaries 
  

	 	•	 	 Black River Water Management Company, LLC 

 

	 	•	 	 Delaware Water Management Company, LLC 

 

	 	•	 	 DLK Black River Midstream, LLC 

 

	 	•	 	 Fulcrum Delaware Water Resources, LLC 

 

	 	•	 	 Longwood Gathering and Disposal Systems GP, Inc. 

 

	 	•	 	 Longwood Gathering and Disposal Systems, LP 

 

	 	•	 	 Longwood Midstream Delaware, LLC 

 

	 	•	 	 Longwood Midstream Holdings, LLC 

 

	 	•	 	 Longwood Midstream Southeast, LLC 

 

	 	•	 	 Longwood Midstream South Texas, LLC 

 

	 	•	 	 Longwood RB Pipeline, LLC 

 

	 	•	 	 Longwood Wolf Pipeline, LLC 

 

	 	•	 	 Matador Production Company 

 

	 	•	 	 MRC Delaware Resources, LLC 

 

	 	•	 	 MRC Energy Company 

  

	 	•	 	 MRC Energy Southeast Company, LLC 

 

	 	•	 	 MRC Energy South Texas Company, LLC 

 

	 	•	 	 MRC Permian Company 

  

	 	•	 	 MRC Permian LKE Company, LLC 

 

	 	•	 	 MRC Rockies Company 

  

	 	•	 	 San Mateo Black River Oil Pipeline, LLC 

 

	 	•	 	 San Mateo Midstream, LLC 

 

	 	•	 	 Southeast Water Management Company, LLC 

Exhibit B 

  

 ANNEX I 

Resale Pursuant to Regulation S or Rule 144A. Each Initial Purchaser understands that: 

Such Initial Purchaser agrees that it has not offered or sold and will not offer or sell the Securities in the United States or to, or for the
benefit or account of, a U.S. person (other than a distributor), in each case, as defined in Rule 902 of Regulation S (i) as part of its distribution at any time and (ii) otherwise until 40 days after the later of the
commencement of the offering of the Securities pursuant hereto and the Closing Date, other than in accordance with Regulation S or another exemption from the registration requirements of the Securities Act. Such Initial Purchaser agrees that,
during such 40-day restricted period, it will not cause any advertisement with respect to the Securities (including any “tombstone” advertisement) to be published in any newspaper or periodical or
posted in any public place and will not issue any circular relating to the Securities, except such advertisements as are permitted by and include the statements required by Regulation S. 

Such Initial Purchaser agrees that, at or prior to confirmation of a sale of Securities by it to any distributor, dealer or person receiving a
selling concession, fee or other remuneration during the 40-day restricted period referred to in Rule 903 of Regulation S, it will send to such distributor, dealer or person receiving a selling
concession, fee or other remuneration a confirmation or notice to substantially the following effect: 
 “The Securities covered hereby
have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered and sold within the United States or to, or for the account or benefit of, U.S. persons (i) as part of your
distribution at any time or (ii) otherwise until 40 days after the later of the date the Securities were first offered to persons other than distributors in reliance upon Regulation S and the Closing Date, except in either case in
accordance with Regulation S under the Securities Act (or in accordance with Rule 144A under the Securities Act or to accredited investors in transactions that are exempt from the registration requirements of the Securities Act), and in
connection with any subsequent sale by you of the Securities covered hereby in reliance on Regulation S under the Securities Act during the period referred to above to any distributor, dealer or person receiving a selling concession, fee or
other remuneration, you must deliver a notice to substantially the foregoing effect. Terms used above have the meanings assigned to them in Regulation S under the Securities Act.” 

Annex I-1Blueprint

  EXHIBIT
10.20

 

PURCHASE & SETTLEMENT AGREEMENT

 

The
Parties, as defined below, enter into this Purchase &
Settlement Agreement, effective as of August 6, 2018,
(“Effective Date”), upon the terms and conditions
stated herein.

 

DEFINITIONS

 

“Agreement”
means this Settlement Agreement &
Mutual Release.

 

“Founders”
means Founders Oil & Gas, LLC and all of its parents,
subsidiaries, affiliates, agents, servants, employees, attorneys,
accountants, partners, predecessors, successors and assigns, and
all other persons or entities acting or purporting to act on its
behalf.

 

“Founders
Operating” means
Founders Oil & Gas Operating, LLC and all of its parents,
subsidiaries, affiliates, agents, servants, employees, attorneys,
accountants, partners, predecessors, successors and assigns, and
all other persons or entities acting or purporting to act on its
behalf.

 

“Hudspeth”
means Hudspeth Oil Corporation and all
of its parents, subsidiaries, affiliates, agents, servants,
employees, attorneys, accountants, partners, predecessors,
successors and assigns, and all other persons or entities acting or
purporting to act on its behalf.

 

“McCabe
Petroleum” means McCabe
Petroleum Corporation and all of its parents, subsidiaries,
affiliates, agents, servants, employees, attorneys, accountants,
partners, predecessors, successors and assigns, and all other
persons or entities acting or purporting to act on its
behalf.

 

“Torchlight” means
Torchlight Energy Resources, Inc. and all of its parents,
subsidiaries, affiliates, agents, servants, employees, attorneys,
accountants, partners, predecessors, successors and assigns, and
all other persons or entities acting or purporting to act on its
behalf.

 

“Wolfbone”
means Wolfbone Investments, LLC and
all of its parents, subsidiaries, affiliates, agents, servants,
employees, attorneys, accountants, partners, predecessors,
successors and assigns, and all other persons or entities acting or
purporting to act on its behalf.

 

“Founders
Parties” means Founders
and Founders Operating.

 

“Partners”
means Hudspeth, McCabe Petroleum,
Torchlight, and Wolfbone.

 

“Project”
means the ownership, management,
operations of the State of Texas oil and gas leases and University
Land Board oil and gas leases covered by the Farmout
Agreement dated September 23, 2015 among Founders, Hudspeth, and
Pandora Energy, LP.

 

 

1

 

 

“All Claims”
means past, present and future actions
and/or causes of action, counter-claims, cross-claims, rights,
claims, demands, costs, liabilities, damages, losses, expenses and
penalties, whether known or unknown, suspected or unsuspected,
liquidated or contingent. Under this definition, “All
Claims” includes, but is not limited to, all claims, demands,
and causes of action of any nature, whether in contract or in tort
or otherwise, or arising under or by virtue of any constitution,
statute, regulation, at common law, or in equity, for past,
present, future, known, and unknown personal injuries, property
damage, and all other losses or damages of any kind, including but
not limited to the following: all actual damages, all exemplary and punitive
damages, all penalties of any kind, all contract damages, all tort
damages, loss of consortium, damage to familial relations, ensuing
death, loss of inheritance, loss of companionship, loss of society
and affection, loss of enjoyment of life, intentional and/or
malicious conduct, actual and/or constructive fraud, statutory
and/or common law fraud, class action suit, misrepresentation of
any kind or character, libel, slander, negligence, gross
negligence, costs, attorney fees, economic loss, and pre-judgment
and post- judgment interests. This definition further includes, but
is not limited to, all elements of damages, all remedies, all
claims, demands, and causes of action that are now recognized by
law or that may be created or recognized in the future in any
manner, including without limitation by constitution, statute,
regulation, or judicial decision.

 

“Released
Claims” means All Claims,
existing as of the Effective Date, arising out of or relating in
any way, directly or indirectly to the Project, and All Claims
which have been or could have been asserted in the Project or which
arise out of or are in any way connected with the Project. This
definition does not include, and specifically excludes, any claim
that the Parties may have in the future against the other arising
out of any obligation contained in this
Agreement.

 

“Vendors”
means any and all of the

service and material
suppliers used to drill or provide work or services on the
University Founders A-25 Well.

 

In
this Agreement, the singular includes the plural, and vice versa;
likewise, the disjunctive includes the conjunctive, and vice
versa.

 

AGREEMENT

 

For
and in consideration of the mutual promises contained herein and
for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged and agreed to, the
Parties agree as follows:

 

A.

2018 Payments.

 

1.

Contemporaneously
with the execution of this Agreement, Hudspeth will pay Founders
Six-Hundred-Twenty-Five Thousand and No/100ths United States
Dollars ($625,000) by electronic transfer; and

 

 

2

 

 

2.

Contemporaneously
with the execution of this Agreement, Wolfbone will pay Founders
Six-Hundred-Twenty-Five Thousand and No/100ths United States
Dollars ($625,000) by electronic transfer.

 

B.

2019 Payments.

 

1.

No
later than July 20, 2019, Hudspeth or Torchlight will pay Founders
Six-Hundred-Twenty-Five Thousand and No/100ths United States
Dollars ($625,000) by electronic transfer; and

 

2.

No
later than July 20, 2019, Wolfbone or McCabe Petroleum will pay
Founders Six-Hundred-Twenty-Five Thousand and No/100ths United
States Dollars ($625,000) by electronic transfer.

 

C.

Default.
In the event the 2019 Payments are not
made by July 25, 2019, the Partners agree to pay interest on any
unpaid balance owed by the respective party, with such interest
being applied to such unpaid balance beginning on July 25, 2019
until paid. The applied interest rate will be 12% per
annum.

 

D.

Assignment
of Oil & Gas Leases. Within
five business days after the full performance of the obligations
contained in Paragraph A, the Founders Parties will deliver two
fully executed originals of the assignment of oil and gas leases
attached as Exhibits
A and B. The assignments will
be delivered to LeBlanc Law PC, 1111 North Loop West, Suite 705,
Houston, Texas 77008.

 

E.

Assignment
of Claims. Within five business days after the full
performance of the obligations contained in Section A, the Founders
Parties will deliver two fully executed originals of the assignment
of claims attached as Exhibit
C. The assignment of claims
will be delivered to LeBlanc Law PC, 1111 North Loop West, Suite
705, Houston, Texas 77008.

 

F.

Assignment
of University Lands Development Unit Agreement 2837.
Within five business days after the
full performance of the obligations contained in Section A, the
Founders Parties will deliver two fully executed originals of an
assignment of development unit agreement which is substantially
similar to the one attached as Exhibit
D. The assignment of
development unit agreement will be delivered to LeBlanc Law PC,
1111 North Loop West, Suite 705, Houston, Texas 77008. The Founders
Parties will reasonably cooperate with Partners to obtain the
necessary consents from University Lands and/or the State of
Texas.

 

 

 

 

3

 

 

G.

Mutual Releases & Waivers.

 

1.

The
Founders Parties RELEASE, ACQUIT, and FOREVER DISCHARGE the
Partners from all Released Claims.

 

2.

The
Partners RELEASE, ACQUIT, and FOREVER DISCHARGE the Founders
Parties from all Released Claims.

 

3.

THE PARTIES HEREBY WAIVE THEIR RIGHTS AGAINST THE OTHER(S) UNDER
THE TEXAS DECEPTIVE TRADE PRACTICES-CONSUMER PROTECTION ACT,
SECTION 17.41 et seq., BUSINESS AND COMMERCE CODE, A LAW THAT GIVES
CONSUMERS SPECIAL RIGHTS AND PROTECTIONS, AND ANY SIMILAR LAW IN
ANY OTHER STATE TO THE EXTENT SUCH ACT OR SIMILAR LAW WOULD
OTHERWISE APPLY. AFTER CONSULTATION WITH AN ATTORNEY OF THEIR OWN
SELECTIONS, THE PARTIES VOLUNTARILY CONSENT TO THIS
WAIVER.

 

H.

Third
Party Lawsuits In the event one or more members of the Partners
initiate litigation in regards to the Project against any third
party, including but not limited to vendors, contractors and
manufacturers, and if the Founders Parties are then included in any
counter claim or action by such third party due to such initiated
litigation, the member(s) of the Partners which initiated said
litigation agree to pay all reasonable attorney fees which are
incurred by the Founders Parties in connection with such counter
claim or action, up to the amount of $250,000.00, with the Founders
Parties being responsible for any such attorney fees over said
amount. Provided, however, that the indemnity obligations in this
section shall only apply to and cover the claims assigned by
Founders Parties (see Exhibit C) to Partners as part of this
settlement.

 

I.

Representations and Warranties.

 

1.

Founders Parties’
Representations and Warranties. Founders Parties warrant and represent to the
Partners that:

 

i.

They
are authorized to enter into this Agreement, and each person
executing this Agreement, individually or on behalf of an entity,
has the authority to do so; and

 

ii.

They
are the owner of all of their respective Released Claims; there are
no other parties with an interest in all or any of their respective
Released Claim(s); and that none of their respective Released
Claims have been assigned to any third-party, nor is any such
assignment pending.

 

 

4

 

 

iii.

As
of the Effective Date, to the best of their knowledge they have not
entered into any settlement agreement or waiver of any Released
Claims with any of the Vendors.

 

iv.

As of the Effective
Date, to the best of their knowledge there are no Released Claims
or litigation pending which impair or otherwise adversely affect
the Project.

 

v.

As of the Effective Date, to the best of their
knowledge there are no material liens or encumbrances which
impair or otherwise adversely affect the Project.

 

vi.

As of the Effective
Date, to the best of their knowledge they are not in default under
any contract or agreement with any of the Vendors or third-parties
pertaining to the Project.

 

vii.

To
the best of their knowledge, during the time Founders Operating
served as operator for the University Founders A-25 Well, until
March 1, 2018, all invoices due and owing to any Vendors or
third-parties which pertain to services rendered or work performed
for the Project have been paid.

 

2.

Partners’ Representations
and Warranties. Partners
warrant and represent to Founders Parties that:

 

i.

They
are authorized to enter into this Agreement, and each person
executing this Agreement, individually or on behalf of an entity,
has the authority to do so; and

 

ii.

They
are the owner of all of their respective Released Claims; there are
no other parties with an interest in all or any of their respective
Released Claim(s); and that none of their respective Released
Claims have been assigned to any third-party, nor is any such
assignment pending.

 

J.

Non-Reliance.
The Parties hereby declare and
represent that in making this Agreement, they rely wholly upon
their respective judgment, belief, and knowledge of their
respective liabilities and that this Agreement is executed and made
without any reliance upon any statement or representation of any
other Party or of any other Party’s
representative.

 

K.

Non-admission
of Liability. It is hereby agreed that the fact that the Parties
have entered into this Agreement does not constitute an admission
of any liability as to any conduct or claim related to the Project
or which could or should have been asserted in legal proceeding
arising out of the Project by any Party to this Agreement, such
liability being expressly denied.

 

 

5

 

 

L.

Controlling
Law.
The Parties agree that this Agreement
shall be governed, construed, and applied in accordance with the
laws of the State of Texas applicable to contracts between Texas
residents that are to be wholly performed in Texas, without regard
to choice of law or conflicts of law principles of Texas or any
other jurisdiction.

 

M.

Forum
Selection Clause & Attorney Fees. The Parties agree that all disputes arising under
this Agreement shall be brought solely in the Judicial District
Court of Harris County, Texas. A party who prevails in defending or
prosecuting any legal proceeding related to this Agreement is
entitled to recover its reasonable attorney’s fees and all
costs of such proceeding.

 

N.

Entire
Agreement. This Agreement constitutes the entire, final
agreement of the Parties on all matters related in any way to the
Project and the Released Claims, and it fully supersedes and
replaces any and all prior agreements or understandings, written or
oral, between or among the Parties related to the Project in any
way.

 

O.

Multiple
Counterparts. This Agreement
may be executed in multiple counterparts by the undersigned and all
such counterparts so executed shall together be deemed to
constitute one final agreement, as if one document had been signed
by all parties hereto; and each such counterpart shall be deemed to
be an original, binding the Party subscribed thereto, and multiple
signature pages (including faxes or other electronic delivery of
signature pages) affixed to a single copy of this Agreement shall
be deemed to be a fully executed original Agreement. It
shall be sufficient in making proof of this Agreement to produce or
account for a facsimile or PDF copy of an executed counterpart of
this Agreement.

 

P.

Fees &
Costs. It is further agreed and understood that except as
set forth in this Agreement, each Party has no claim against the
other for any costs or fees it may have incurred, and that each
Party shall pay its own taxable costs, expenses of litigation and
legal fees. For the avoidance of doubt, this section does not apply
to any legal proceeding for the enforcement of this
Agreement.

 

Q.

Joint
Drafting. The Parties
agree that this Agreement was drafted jointly and that this
Agreement shall not be construed against any Party because of a
Party’s involvement in drafting this Agreement.

 

R.

Non-Waiver.
No exercise or failure to exercise or delay by any Party in
exercising any right or remedy under this Agreement shall
constitute a waiver by such Party of such right or remedy in any
other instance or any other right or remedy.

 

 

6

 

 

S.

Amendment &
Modification. Any amendment or modification to this
Agreement must be in writing and executed by the
Parties.

 

T.

No
Assignments. No obligation or right arising under this
Agreement may be assigned or delegated by any Party without the
express written consent of the other Parties.

 

U.

Future
Documents. The Parties shall perform any and all acts and
execute and deliver any and all documents that may be or become
necessary and proper to give effect to and carry out the terms
hereof.

 

V.

No Third-Party
Beneficiary. Any agreement to perform any obligations herein
contained, express or implied, shall be only for the benefit of the
Parties and their respective heirs, successors, executors,
administrators, assigns and legal representatives, and such
agreements and obligations shall not inure to the benefit of the
obligees of any indebtedness of any other party, whatsoever, it
being the intention of the Parties that no one shall be deemed to
be a third-party beneficiary of this Agreement.

 

W.

Binding
Effect. The Parties
may plead this Agreement in an action, suit, or other proceeding,
for mandatory injunction or otherwise, to enforce the terms of this
Agreement or the Agreed Judgment. The Parties may also plead this
Agreement as a full and complete defense to, and may use this
Agreement as the basis for, an injunction against any action, suit
or other proceeding which may be instituted, prosecuted or
attempted by the other Party, or by the other Party’s
respective representatives, agents, executors, administrators,
decedents, trustees, beneficiaries, successors, heirs, attorneys
and assigns, in contravention or breach of this
Agreement.

 

X.

Severability.
Each part of this Agreement is intended to be severable. If any
term, covenant, condition or provision violates any applicable law
or is declared illegal, invalid or unenforceable, in whole or in
part, by a court of last resort, such provision shall be enforced
to the greatest extent permitted by law, and such a declaration
shall not affect the legality, validity or enforceability of the
remaining parts of this Agreement, all of which shall remain in
full force and effect.

 

Y.

Review by
Counsel. The Parties have had sufficient opportunity to read
this Agreement and to consult with legal counsel of their choosing
regarding the meaning and effect of this Agreement and its rights
and liabilities under it. Accordingly, each Party and signatory to
this Agreement has entered into it freely, voluntarily and without
duress.

 

Z.

Survival of
Representations and Warranties. For a period of two years from the
Effective Date, the representations and warranties provided for in
Section I of this Agreement shall survive the close of the
assignments described in Sections D and E and shall be deemed
covenants running with the lands associated with the Project,
binding on the Founders Parties and the Partners, but not their
respective heirs, successors and assigns.

 

 

7

 

 

AA.

Public
Announcements. Except
for the filing of record the assignments of oil and gas leases
attached in Exhibits A and B, the press release attached as
Exhibit
E, and except as required by law or regulation, neither the
Founders Parties or the Partners shall issue any news release,
public announcement, or other form of publicity concerning this
Agreement, or the transactions contemplated by it, without
obtaining the prior written approval of the other, which approval
will not be unreasonably withheld or delayed.

 

INTENTIONALLY
BLANK---SIGNATURE PAGES FOLLOW

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8

 

 

AGREED
AND EXECUTED as of the Effective Date:

 

 

	

Founders Oil & Gas, LLC

 

 

By:
/s/ Paten
Morrow                                                  

Paten
Morrow

President

	

Founders Oil & Gas Operating, LLC

 

 

By:
/s/ Paten
Morrow                                           

Paten
Morrow

President

 

	

Hudspeth Oil Corporation

 

 

By:
/s/ John
Brda                                                         

John
Brda

CEO

 

	

Torchlight Energy Resources, Inc.

 

 

By:
/s/ John
Brda                                                   

John
Brda

CEO

 

	

Wolfbone Investments, LLC

 

 

By:
/s/ Greg
McCabe                                           

Greg
McCabe

CEO

 

 

	

McCabe Petroleum Corporation

 

 

By:
/s/ Greg
McCabe                                             

Greg
McCabe

CEO

 

	
 

	
 

 

 

 

 

9

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