Document:

EX-4.2

 Exhibit 4.2 

FORM OF STOCKHOLDERS’ AGREEMENT 

DATED AS OF [ ], 2021 

AMONG 
 VINE ENERGY INC.

 AND 
 THE OTHER
PARTIES HERETO 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE I INTRODUCTORY MATTERS 
	  	 	1	 
	 1.1
	 	Defined Terms	  	 	1	 
	 1.2
	 	Construction	  	 	4	 
		
	 ARTICLE II CORPORATE GOVERNANCE MATTERS 
	  	 	4	 
	 2.1
	 	Election of Directors	  	 	4	 
		
	 ARTICLE III INFORMATION 
	  	 	6	 
	 3.1
	 	Books and Records; Access	  	 	6	 
	 3.2
	 	Certain Reports	  	 	6	 
	 3.3
	 	Disclosure of Information	  	 	7	 
		
	 ARTICLE IV GENERAL PROVISIONS 
	  	 	8	 
	 4.1
	 	Termination	  	 	8	 
	 4.2
	 	Notices	  	 	8	 
	 4.3
	 	Amendment; Waiver	  	 	10	 
	 4.4
	 	Further Assurances	  	 	10	 
	 4.5
	 	Assignment	  	 	11	 
	 4.6
	 	Third Parties	  	 	11	 
	 4.7
	 	Governing Law	  	 	11	 
	 4.8
	 	Jurisdiction; Waiver of Jury Trial	  	 	11	 
	 4.9
	 	Specific Performance	  	 	11	 
	 4.10
	 	Entire Agreement	  	 	11	 
	 4.11
	 	Severability	  	 	12	 
	 4.12
	 	Table of Contents, Headings and Captions	  	 	12	 
	 4.13
	 	Grant of Consent	  	 	12	 
	 4.14
	 	Counterparts	  	 	12	 
	 4.15
	 	Effectiveness	  	 	12	 
	 4.16
	 	No Recourse	  	 	12	 

  

  
 i 

 STOCKHOLDERS’ AGREEMENT 

This Stockholders’ Agreement (the “Agreement”) is entered into as of [ ], 2021 by and among Vine Energy
Inc., a Delaware corporation (the “Company”), each of the other parties identified on the signature pages hereto (the “Investor Parties”) and solely for purposes of Section 2.1(c),
Section 3.2 and Section 3.3 hereof, Vine Investment LLC, a Delaware limited liability company (“Vine Investment”), Brix Investment LLC, a Delaware limited liability company
(“Brix Investment”), Harvest Investment LLC, a Delaware limited liability company (“Harvest Investment”, together with Vine Investment and Brix Investment, the “Vine Energy Investment Entities”),
and Vine Investment II LLC, a Delaware limited liability company (“Vine Investment II”), Brix Investment II LLC, a Delaware limited liability company (“Brix Investment II”), and Harvest Investment II LLC, a Delaware
limited liability company (“Harvest Investment II”, together with Vine Investment II and Brix Investment II, the “Vine Energy Investment II Entities,” and together with the Vine Energy Investment Entities, the
“Investment Entities”). 
 RECITALS: 

WHEREAS, the Company is currently contemplating an underwritten initial public offering (“IPO”) of shares of
its Class A Common Stock (as defined below); and 
 WHEREAS, in connection with the IPO, the Company and the Investor
Parties wish to set forth certain understandings between such parties, including with respect to certain governance matters. 

NOW, THEREFORE, the parties agree as follows: 

ARTICLE I 
 INTRODUCTORY
MATTERS 
 1.1 Defined Terms. In addition to the terms defined elsewhere herein, the following
terms have the following meanings when used herein with initial capital letters: 
 “Affiliate” has the
meaning set forth in Rule 12b-2 promulgated under the Exchange Act, as in effect on the date hereof. 

“Agreement” means this Stockholders’ Agreement, as the same may be amended, supplemented, restated or
otherwise modified from time to time in accordance with the terms hereof. 
 “Beneficially Own” has the
meaning set forth in Rule 13d-3 promulgated under the Exchange Act. 

“Blackstone Designee” has the meaning set forth in Section 2.1(b) hereof. 

“Blackstone Designator” means a Blackstone Party, or any group of Blackstone Parties collectively, then
holding of record a majority of Outstanding Vine Interests Beneficially Owned by all Blackstone Parties. 

 “Blackstone Entities” means the entities comprising the
Blackstone Parties and their Affiliates and their respective successors and Permitted Assigns. 
 “Blackstone
Parties” means the entities listed on the signature pages hereto under the heading “Blackstone Parties” and any other Blackstone Entities that may from time to time become parties hereto. 

“Board” means the board of directors of the Company. 

“Class A Common Stock” means the shares of Class A common stock, par value $0.01 per
share, of the Company, and any other capital stock of the Company into which such stock is reclassified or reconstituted. 

“Class B Common Stock” means the shares of Class B common stock, par value $0.01 per
share, of the Company, and any other capital stock of the Company into which such stock is reclassified or reconstituted. 

“Closing Date” means the date of the closing of the IPO. 

“Common Stock” means collectively the Class A Common Stock and the Class B Common Stock. 

“Company” has the meaning set forth in the Preamble. 

“Confidential Information” has the meaning set forth in Section 3.3. 

“Control” (including its correlative meanings, “Controlled by” and “under common
Control with”) means possession, directly or indirectly, of the power to direct or cause the direction of management or policies (whether through ownership of securities or partnership or other ownership interests, by contract or otherwise)
of a Person. 
 “Director” means any director of the Company. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder, as the same may be amended from time to time. 
 “Exchange Agreement” means the
exchange agreement, dated on or about the date hereof, among the Company, VEH and Vine Investment, as amended and in effect from time to time. 

“Governmental Authority” means any nation or government, any state or other political subdivision thereof,
and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 

“Investment Entities” has the meaning set forth in the Preamble. 

“Investor Parties” has the meaning set forth in the Preamble. 

“IPO” has the meaning set forth in the Recitals. 

  
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 “Law” means any statute, law, regulation, ordinance, rule,
injunction, order, decree, governmental approval, directive, requirement, or other governmental restriction or any similar form of decision of, or determination by, or any interpretation or administration of any of the foregoing by, any Governmental
Authority. 
 “LLC Units” means the Class A Units representing membership interests in VEH and any
other class of units or interests that is established in VEH. 
 “Outstanding Vine Interests” means the
outstanding shares of Common Stock. 
 “Person” means an individual, a partnership, a corporation, a
limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization, or other form of business organization, whether or not regarded as a legal entity under applicable Law, or any Governmental
Authority or any department, agency or political subdivision thereof. 
 “Permitted Assigns” means, with
respect to a Blackstone Entity, a Transferee of shares of Common Stock or a Transferee (as defined in the VEH LLC Agreement) that agrees to become party to, and to be bound to the same extent as its Transferor by the terms of, this Agreement. 

“Recipient Parties” has the meaning set forth in Section 3.2. 

“SEC” means the Securities and Exchange Commission. 

“Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership,
association or other business entity of which: (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, representatives or
trustees thereof is at the time owned or Controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof; or (ii) if a limited liability company, partnership, association or
other business entity, a majority of the total voting power of stock (or equivalent ownership interest) of the limited liability company, partnership, association or other business entity is at the time owned or Controlled, directly or indirectly,
by that Person or one or more Subsidiaries of that Person or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company, partnership, association or other
business entity if such Person or Persons shall be allocated a majority of limited liability company, partnership, association or other business entity gains or losses or shall be or Control the managing member, managing director or other governing
body or general partner of such limited liability company, partnership, association or other business entity. 

“Vine Energy Investment Entities” has the meaning set forth in the Preamble. 

“Vine Energy Investment II Entities” has the meaning set forth in the Preamble. 

“VEH” means Vine Energy Holdings LLC, a Delaware limited liability company. 

“VEH LLC Agreement” means the Amended and Restated Limited Liability Company Agreement of VEH, dated on or
about the date hereof, as such agreement may be amended from time to time. 

  
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 “Total Number of Directors” means the total number of
directors comprising the Board. 
 “Transfer” (including its correlative meanings,
“Transferor,” “Transferee” and “Transferred”) shall mean, with respect to any security, directly or indirectly, to sell, contract to sell, give, assign, hypothecate, pledge, encumber, grant a
security interest in, offer, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of any economic, voting or other rights in or to
such security. When used as a noun, “Transfer” shall have such correlative meaning as the context may require. 

1.2 Construction. The language used in this Agreement will be deemed to be the language chosen by the
parties to express their mutual intent, and no rule of strict construction will be applied against any party. Unless the context otherwise requires: (a) “or” is disjunctive but not exclusive, (b) words in the singular include the
plural, and in the plural include the singular, and (c) the words “hereof,” “herein,” and “hereunder” and words of similar import when used in this Agreement refer to this Agreement as a whole and not to any
particular provision of this Agreement, and section references are to this Agreement unless otherwise specified. 
 ARTICLE II 

CORPORATE GOVERNANCE MATTERS 

2.1 Election of Directors. 

(a) Following the Closing Date, the Blackstone Designator shall have the right (but not the obligation) pursuant to this
Agreement to designate or nominate to the Board, a number of designees equal to at least (i) a majority of the Total Number of Directors, for so long as the Blackstone Entities collectively beneficially own, directly or indirectly, 50% or more
of the voting power of all shares of the Company’s capital stock entitled to vote generally in the election of directors (which shall be four (4) Directors with the initial Board size of seven (7) Directors at IPO); (ii) 40% of the
Total Number of Directors, for so long as the Blackstone Entities collectively beneficially own, directly or indirectly, 40% or more, but less than 50%, of the voting power of all shares of the Company’s capital stock entitled to vote generally
in the election of directors (which shall be three (3) Directors with the initial Board size of seven (7) Directors at IPO); (iii) 30% of the Total Number of Directors, for so long as the Blackstone Entities collectively beneficially own,
directly or indirectly, 30% or more, but less than 40%, of the voting power of all shares of the Company’s capital stock entitled to vote generally in the election of directors (which shall be three (3) Directors with the initial Board
size of seven (7) Directors at IPO); (iv) 20% of the Total Number of Directors, for so long as the Blackstone Entities collectively beneficially own, directly or indirectly, 20% or more, but less than 30%, of the voting power of all shares of
the Company’s capital stock entitled to vote generally in the election of directors (which shall be two (2) Directors with the initial Board size of seven (7) Directors at IPO); and (v) 10% of the Total Number of Directors, for so
long as the Blackstone Entities collectively beneficially own, directly or indirectly, 5% or more, but less than 20%, of the voting power of all shares of the Company’s capital stock entitled to vote generally in the election of directors
(which shall be one (1) Director with the initial Board size of seven (7) Directors at IPO). 

  
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 (b) If at any time the Blackstone Designator has designated fewer than the
total number of individuals that the Blackstone Designator is then entitled to designate pursuant to Section 2.1(a) hereof, the Blackstone Designator shall have the right to designate such additional individuals which it is
entitled to so designate, in which case, any individuals nominated by or at the direction of the Board or any duly-authorized committee thereof for election as Directors to fill any vacancy on the Board shall include such designees, and the Company
shall use its best efforts to (x) effect the appointment or election of such additional designees, whether by increasing the size of the Board or otherwise, and (y) cause the appointment or election of such additional designees to fill any
such newly-created vacancies or to fill any other existing vacancies. Each such individual whom the Blackstone Designator shall actually designate pursuant to this Section 2.1 and who is thereafter elected and qualifies to
serve as a Director shall be referred to herein as a “Blackstone Designee.” 
 (c) The Company, the
Investment Entities (so long as such persons own any of the Company’s capital stock entitled to vote) and the Investor Parties shall, to the fullest extent permitted by law, take all actions to cause the Board to include the Chief Executive
Officer of the Company. 
 (d) So long as the Blackstone Designator is entitled to designate one or more designees pursuant
to Section 2.01(a), the Blackstone Designator shall have the right to request the removal of any Blackstone Designee (with or without cause) nominated by the Blackstone Designator, from time to time and at any time, from the Board, exercisable
upon written notice to the Company, and the Company shall take all necessary action to cause such removal. 
 (e) In the
event that a vacancy is created or exists at any time by the death, disability, retirement or resignation of any Blackstone Designee or as a result of the Blackstone Designator not yet designating a person to fill such vacancy or Board seat, any
individual nominated by or at the direction of the Board or any duly-authorized committee thereof to fill such vacancy shall be, and the Company shall use its best efforts to cause such vacancy to be filled, as soon as possible, by a new designee of
the Blackstone Designator, and the Company shall take, to the fullest extent permitted by law, at any time and from time to time, all actions necessary to accomplish the same, including by taking Board action to appoint such Blackstone Designee to
the Board to fill such vacancy. 
 (f) The Company shall, to the fullest extent permitted by law, include in the slate of
nominees recommended by the Board at any meeting of stockholders called for the purpose of electing directors, the persons designated pursuant to this Section 2.1 and use its best efforts to cause the election of each such
designee to the Board, including nominating each such individual to be elected as a Director as provided herein, recommending such individual’s election and soliciting proxies or consents in favor thereof. 

(g) In addition to any vote or consent of the Board or the stockholders of the Company required by applicable Law or the
charter or bylaws of the Company, and notwithstanding anything to the contrary in this Agreement, for so long as this Agreement is in effect, any action by the Board to increase or decrease the Total Number of Directors (other than any increase in
the Total Number of Directors in connection with the election of one or more directors elected exclusively by the holders of one or more classes or series of the Company’s 

  
 5 

 
stock other than Common Stock) shall require the prior written consent of the Blackstone Designator, delivered in accordance with Section 4.13 hereof and any increase in
the Total Number of Directors shall result in a corresponding increase in the number of Blackstone Designees the Blackstone Entities are entitled to designate, appoint, elect or otherwise place on the Board pursuant to
Section 2.01(a) hereof as is necessary to maintain the appropriate percentage representation on the Board by the Blackstone Designees. 

ARTICLE III 
 INFORMATION

 3.1 Books and Records; Access. The Company shall, and shall cause its Subsidiaries to, permit
the Blackstone Entities and their respective designated representatives, at reasonable times and upon reasonable prior notice to the Company, to review the books and records of the Company or any of such Subsidiaries and to discuss the affairs,
finances and condition of the Company or any of such Subsidiaries with the officers of the Company or any such Subsidiary; provided, however, that the Company shall not be required to disclose any privileged information of the Company so long as the
Company has used commercially reasonable efforts to enter into an arrangement pursuant to which it may provide such information to the Blackstone Entities without the loss of any such privilege. 

3.2 Certain Reports. The Company shall deliver or cause to be delivered to the Blackstone Entities and the
Investment Entities (so long as such persons own any of the Company’s capital stock entitled to vote) (together, the “Recipient Parties”), at their request: 

(a) As soon as available, but not later than thirty (30) days after the end of each calendar month the Company will
provide the Recipient Parties a monthly report that will include the following information: (i) a monthly and year-to-date lease operating statement with a
comparison to the comparable periods’ budget, (ii) a monthly and year-to-date summary unaudited balance sheet and the related statements of income, equity and
cash flows of the Company and its consolidated Subsidiaries for such periods with a comparison to the comparable periods’ budget, (iii) a summary description of the business activities that took place during such period along with the
operating and financial performance of the Company for such monthly period and the year to date, including an explanation of any material discrepancies or variances from the comparable periods’ budgets referenced in clause (ii) and
(iv) such other information as the Blackstone Entities shall reasonably request; provided, that any information requested pursuant to the foregoing clause (iv) shall be provided as soon as available, but not later than the later
of (x) fifteen (15) days from the date of such request or (y) thirty (30) days after the end of such calendar month to which the requested information pertains; 

(b) As soon as available, but not later than sixty (60) days after the end of each calendar quarter (excluding each
calendar quarter ending December 31), the Company will provide the Recipient Parties with the Company’s consolidated unaudited balance sheet and the related unaudited statements of income, equity and cash flows as of the end of such immediately
preceding calendar quarter, in each case, prepared in accordance with GAAP; 

  
 6 

 (c) As soon as available, but not later than 105 days after the end of each
fiscal year, the Company will provide the Recipient Parties with the Company’s audited consolidated balance sheet and the related audited consolidated statements of income, equity and cash flows for such fiscal year, such annual financial
reports to include notes and to be in reasonable detail, prepared in accordance with GAAP, and accompanied by an opinion of an independent public accountant of nationally recognized standing; and 

(d) Notwithstanding the foregoing, the Company will be deemed to have delivered such information referred to in this
Section 3.2 to the Recipient Parties for all purposes of this Agreement if the Company has filed reports containing such information with the SEC via the EDGAR filing system (or any successor system) and such reports are
publicly available. In addition, the requirements of this Section 3.2 shall be deemed satisfied and the Company will be deemed to have delivered such information referred to this Section 3.2 to the
Recipient Parties for all purposes of this Agreement by the posting of reports that would be required to be provided on the Company’s website. The Recipient Parties shall have no obligation to monitor whether the Company posts such reports,
information and documents on its website or the SEC’s EDGAR service, or collect any such information from the Company’s website or the SEC’s EDGAR service. Further, that, the Recipient Parties may request that the Company not provide
any of the information required pursuant to clauses (a), (b) and (c) of this Section 3.2 if such information is reasonably expected to contain any material
non-public information (within the meaning of U.S. federal securities laws). 

3.3 Disclosure of Information. The Recipient Parties acknowledge that they shall receive information from
or regarding the Company and its Subsidiaries in the nature of trade secrets or that otherwise is confidential information or proprietary information (as further defined below, “Confidential Information”), the release of which would
be damaging to the Company or Persons with which the Company conducts business. Each Recipient Party shall hold in strict confidence any Confidential Information that such recipient receives pursuant to this Agreement, and each Recipient Party shall
not disclose such Confidential Information to any Person (including any Affiliates) other than another Recipient Party or a Director or officer of the Company, or otherwise use such information for any purpose other than to evaluate, analyze, and
keep apprised of the Company’s and its Subsidiaries’ assets and their interest therein and for the internal use thereof by a Recipient Party or its Affiliates, except for disclosures (i) to comply with any Laws (including applicable
stock exchange or quotation system requirements), provided, that a Recipient Party must notify the Company promptly of any disclosure of Confidential Information which is required by Law, and any such disclosure of Confidential Information shall be
to the minimum extent required by Law, (ii) to Affiliates, partners, members, stockholders, investors, directors, officers, employees, agents, attorneys, consultants, lenders, professional advisers or representatives of the Recipient Party or
its Affiliates (provided, that such Recipient Party shall be responsible for assuring such partners’, members’, stockholders’, investors’, directors’, officers’, employees’, agents’, attorneys’,
consultants’, lenders’, professional advisers’ and representatives’ compliance with the terms hereof, except to the extent any such Person who is not a partner, member, stockholder, director, officer or employee has agreed in
writing addressed to the Company to be bound by customary undertakings with respect to confidential and proprietary information similar to this Section 3.3), or to Persons to which that Recipient Party’s holdings of
capital stock of the Company is proposed to be transferred, but only if the recipients of such information have agreed to be bound by customary confidentiality undertakings similar to this Section 3.3, (iii) of information
that a Recipient Party also has received from a source independent of the Company and that such Recipient Party reasonably believes such source obtained without 

  
 7 

 
breach of any obligation of confidentiality to the Company, (iv) of information obtained prior to the formation of Vine Oil & Gas LP, provided, that this clause
(iv) shall not relieve any Recipient Party or any of its Affiliates from any obligations it may have to any other Recipient Party or any of its Affiliates under any existing confidentiality agreement, (v) that have been or become
independently developed by a Recipient Party or its Affiliates or on their behalf without using any of the Confidential Information, (vi) that are or become generally available to the public (other than as a result of a prohibited disclosure by
such Recipient Party or its representatives), (vii) in connection with any proposed transfer of all or part of a Recipient Party’s holdings of capital stock of the Company or the proposed sale of all or substantially all of a Recipient Party or
its direct or indirect parent, to (A) advisers or representatives of the Recipient Party, (B) its direct or indirect parent or (C) Persons to which such interests may be transferred, but only if the recipients of such information have
agreed to be bound by customary undertakings with respect to confidential and proprietary information similar to this Section 3.3 or (viii) to the extent the Company shall have consented to such disclosure in writing.
The term “Confidential Information” shall include any information pertaining to the Company’s or any of its Subsidiaries’ business which is not available to the public, whether written, oral, electronic, visual form or in any
other media, including, without limitation, such information that is proprietary, confidential or concerning the Company’s (or any of its Subsidiaries’) ownership and operation of their respective assets or related matters, including any
actual or proposed operations or development project or strategies, other operations and business plans, actual or projected revenues and expenses, finances, contracts and books and records. Notwithstanding the foregoing, the Recipient Parties and
their Affiliates may make disclosures to their respective direct and indirect limited partners and members such information (including Confidential Information) as is customarily provided to current or prospective limited partners in private equity
funds sponsored or managed by Affiliates of the Blackstone Entities. Each Recipient Party acknowledges that Confidential Information furnished to it pursuant to this Agreement may include material nonpublic information concerning the Company and its
related parties or their respective securities and hereby confirms that it is familiar with the Exchange Act and the rules and regulations promulgated thereunder. 

ARTICLE IV 
 GENERAL
PROVISIONS 
 4.1 Termination. This Agreement shall terminate on the earlier to occur of
(i) such time as the Blackstone Designator is no longer entitled to designate a Director pursuant to Section 2.1(a) hereof and (ii) the delivery of a written notice by the Blackstone Designator to the Company
requesting that this Agreement terminate. 
 4.2 Notices. Any notice, designation, request, request for
consent or consent provided for in this Agreement shall be in writing and shall be either personally delivered, or mailed first class mail (postage prepaid) or sent by reputable overnight courier service (charges prepaid) to the Company at the
address set forth below and to any other recipient at the address indicated on the Company’s records, or at such address or to the attention of such other Person as the recipient party has specified by prior written notice to the sending party.
Notices and other such documents will be deemed to have been given or made hereunder when sent by facsimile (receipt confirmed) delivered personally, five (5) days after deposit in the U.S. mail and one (1) day after deposit with a
reputable overnight courier service. 

  
 8 

	 	(a)	 If to the Company, to: 

Vine Energy Inc. 

5800 Granite Parkway, Suite 550 

Plano, Texas 75024 

Attention: Eric Marsh, Chief Executive Officer 

Fax: (877) 992-0118 

with a copy (not constituting notice) to : 

Kirkland & Ellis LLP 

609 Main Street 

Houston, Texas 77002 

Attention: Matthew R. Pacey and Michael W. Rigdon 

Fax: (713) 835-3601 

 

	 	(b)	 If to the Blackstone Entities, to: 

The Blackstone Group L.P. 

345 Park Avenue, Suite 3300 

New York, New York 10154 

Attention: Angelo G. Acconcia 

Fax: (212) 201-2874 

with a copy (not constituting notice) to: 

Kirkland & Ellis LLP 

609 Main Street 

Houston, Texas 77002 

Attention: Matthew R. Pacey and William J. Benitez 

Fax: (713) 835-3601 

 

	 	(c)	 If to either of Vine Investment or Vine Investment II, to: 

Vine Investment LLC 

c/o Blackstone Management Partners, L.L.C. 

345 Park Avenue, 31st Floor 

New York, New York 10154 

Attention: Angelo G. Acconcia 

Fax: (212) 201-2874 

with a copy (not constituting notice) to : 

Kirkland & Ellis LLP 

609 Main Street 

Houston, Texas 77002 

Attention: Matthew R. Pacey and William J. Benitez 

Fax: (713) 835-3601 

  
 9 

	 	(d)	 If to either of Brix Investment or Brix Investment II, to: 

Brix Investment LLC 

c/o Blackstone Management Partners, L.L.C. 

345 Park Avenue, 31st Floor 

New York, New York 10154 

Attention: Angelo G. Acconcia 

Fax: (212) 201-2874 

with a copy (not constituting notice) to : 

Kirkland & Ellis LLP 

609 Main Street 

Houston, Texas 77002 

Attention: Matthew R. Pacey and William J. Benitez 

Fax: (713) 835-3601 

 

	 	(e)	 If to either of Harvest Investment or Harvest Investment II, to: 

Harvest Investment LLC 

c/o Blackstone Management Partners, L.L.C. 

345 Park Avenue, 31st Floor 

New York, New York 10154 

Attention: Angelo G. Acconcia 

Fax: (212) 201-2874 

with a copy (not constituting notice) to : 

Kirkland & Ellis LLP 

609 Main Street 

Houston, Texas 77002 

Attention: Matthew R. Pacey and William J. Benitez 

Fax: (713) 835-3601 

4.3 Amendment; Waiver. This Agreement may be amended, supplemented or otherwise modified only by a written
instrument executed by the Company and the other parties hereto. Neither the failure nor delay on the part of any party hereto to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any
single or partial exercise of any right, remedy, power or privilege preclude any other or further exercise of the same or of any other right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege with respect to
any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver. 

4.4 Further Assurances. The parties hereto will sign such further documents, cause such meetings to be
held, resolutions passed, exercise their votes and do and perform and cause to be done such further acts and things necessary, proper or advisable in order to give full effect to this Agreement and every provision hereof. To the fullest extent
permitted by law, the Company shall not directly or indirectly take any action that is intended to, or would reasonably be expected to result in, Blackstone or any Blackstone Entity being deprived of the rights contemplated by this Agreement. 

  
 10 

 4.5 Assignment. This Agreement will inure to the
benefit of and be binding on the parties hereto and their respective successors and permitted assigns. This Agreement may not be assigned without the express prior written consent of the other parties hereto, and any attempted assignment, without
such consents, will be null and void; provided, however, that, without the prior written consent of the Company, a Blackstone Party may assign this Agreement, in whole or in part, to any of its Permitted Assigns. 

4.6 Third Parties. Except as provided for in Article II and Section 3.1 hereof
with respect to any Blackstone Entity, this Agreement does not create any rights, claims or benefits inuring to any person that is not a party hereto nor create or establish any third party beneficiary hereto. 

4.7 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the
State of Delaware, without regard to principles of conflicts of laws thereof. 
 4.8 Jurisdiction; Waiver of
Jury Trial. In any judicial proceeding involving any dispute, controversy or claim arising out of or relating to this Agreement, each of the parties unconditionally accepts the jurisdiction and venue of the courts of the State of Delaware or
if jurisdiction over the matter is vested exclusively in federal courts, the United States District Court for the District of Delaware, and the appellate courts to which orders and judgments thereof may be appealed. In any such judicial proceeding,
the parties agree that in addition to any method for the service of process permitted or required by such courts, to the fullest extent permitted by law, service of process may be made by delivery provided pursuant to the directions in
Section 4.2 hereof. EACH OF THE PARTIES HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING ANY DISPUTE, CONTROVERSY OR CLAIM ARISING OUT OF OR RELATING TO THIS
AGREEMENT. 
 4.9 Specific Performance. Each party hereto acknowledges and agrees that in the event of
any breach of this Agreement by any of them, the other parties hereto would be irreparably harmed and could not be made whole by monetary damages. Each party accordingly agrees to waive the defense in any action for specific performance that a
remedy at law would be adequate and agrees that the parties, in addition to any other remedy to which they may be entitled at law or in equity, shall be entitled to specific performance of this Agreement without the posting of bond. 

4.10 Entire Agreement. This Agreement sets forth the entire understanding of the parties hereto with
respect to the subject matter hereof. There are no agreements, representations, warranties, covenants or understandings with respect to the subject matter hereof or thereof other than those expressly set forth herein and therein. This Agreement
supersedes all other prior agreements and understandings between the parties with respect to such subject matter. 

  
 11 

 4.11 Severability. If any provision of this Agreement,
or the application of such provision to any Person or circumstance or in any jurisdiction, shall be held to be invalid or unenforceable to any extent, (i) the remainder of this Agreement shall not be affected thereby, and each other provision
hereof shall be valid and enforceable to the fullest extent permitted by law, (ii) as to such Person or circumstance or in such jurisdiction such provision shall be reformed to be valid and enforceable to the fullest extent permitted by law,
and (iii) the application of such provision to other Persons or circumstances or in other jurisdictions shall not be affected thereby. 

4.12 Table of Contents, Headings and Captions. The table of contents, headings, subheadings and captions
contained in this Agreement are included for convenience of reference only, and in no way define, limit or describe the scope of this Agreement or the intent of any provision hereof. 

4.13 Grant of Consent. Any vote, consent or approval of, or designation by, or other action of, the
Blackstone Designator hereunder shall be effective if notice of such vote, consent, approval, designation or action is provided in accordance with Section 4.2 hereof by the Blackstone Party or Investor Parties holding of
record a majority of the Outstanding Vine Interests then held of record by Blackstone Parties as of the latest date any such notice is so provided. 

4.14 Counterparts. This Agreement and any amendment hereto may be signed in any number of separate
counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one Agreement (or amendment, as applicable). 

4.15 Effectiveness. This Agreement shall become effective upon the Closing Date. 

4.16 No Recourse. This Agreement may only be enforced against, and any claims or cause of action that may
be based upon, arise out of or relate to this Agreement, or the negotiation, execution or performance of this Agreement may only be made against the entities that are expressly identified as parties hereto and no past, present or future Affiliate,
director, officer, employee, incorporator, member, manager, partner, stockholder, agent, attorney or representative of any party hereto shall have any liability for any obligations or liabilities of the parties to this Agreement or for any claim
based on, in respect of, or by reason of, the transactions contemplated hereby. 
 [Remainder of Page Intentionally Left Blank] 

  
 12 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the
day and year first above written. 
  

			
	 COMPANY:

	
	 VINE ENERGY INC.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  
 Signature Page to Vine
Energy Inc. Stockholders’ Agreement 

 
			
	 BLACKSTONE PARTIES:

	
	 VINE INVESTMENT LLC

		
	 By:
	 	      

	 Name:

	 Title:

	
	 BRIX INVESTMENT LLC

		
	 By:
	 	      

	 Name:

	 Title:

	
	 HARVEST INVESTMENT LLC

		
	 By:
	 	      

	 Name:

	 Title:

	
	 VINE INVESTMENT II LLC

		
	 By:
	 	      

	 Name:

	 Title:

	
	 BRIX INVESTMENT II LLC

		
	 By:
	 	  

	 Name:

	 Title:

	
	 HARVEST INVESTMENT II LLC

		
	 By:
	 	  

	 Name:

	 Title:

  
 Signature Page to Vine
Energy Inc. Stockholders’ AgreementEX-4.3

 Exhibit 4.3 

FORM OF REGISTRATION RIGHTS AGREEMENT 

This Registration Rights Agreement (as amended, restated, supplemented or otherwise modified from time to time, this
“Agreement”) is dated as of [                ], 2021, by and among Vine Energy Inc., a Delaware corporation (the “Company”), Vine
Investment LLC, a Delaware limited liability company (“Vine Investment”), Brix Investment LLC, a Delaware limited liability company (“Brix Investment”), Harvest Investment LLC, a Delaware limited liability company
(“Harvest Investment”, together with Vine Investment and Brix Investment, the “Vine Energy Investment Entities”), and Vine Investment II LLC, a Delaware limited liability company (“Vine Investment
II”), Brix Investment II LLC, a Delaware limited liability company (“Brix Investment II”), and Harvest Investment II LLC, a Delaware limited liability company (“Harvest Investment II”, together with Vine
Investment II and Brix Investment II, the “Vine Energy Investment II Entities,” and together with the Vine Energy Investment Entities, the “Investment Entities”) and certain holders which hold Registrable Securities
(as defined below) that join this Agreement pursuant to the provisions herein. Such holders of Registrable Securities party hereto are collectively referred to herein as the “Securityholders.” 

ARTICLE I 
 DEFINITIONS

 In this Agreement: 

“Affiliate” has the meaning ascribed thereto in Rule 12b-2 promulgated
under the Exchange Act, as in effect on the date hereof. 
 “Agreement” has the meaning set forth in the
Preamble. 
 “Blackstone” means the entities comprising the Blackstone Holders, their respective Affiliates
and the successors and permitted assigns of the entities and their respective Affiliates. 
 “Blackstone
Holders” means, upon joining this Agreement, the Affiliates, and their successors or assigns, of The Blackstone Group L.P. who, at the time of this Agreement, held limited liability company interests in any of the Investment Entities. 

“Business Day” means a day other than a Saturday, Sunday, or other day on which commercial banks are
authorized or required by applicable law to be closed in New York, New York or Houston, Texas. 

“Class A Common Stock” means the shares of Class A common stock, par value $0.01 per
share, of the Company, and any other capital stock of the Company into which such common stock is reclassified or reconstituted. 

“Class B Common Stock” means the shares of Class B common stock, par value $0.01 per
share, of the Company, and any other capital stock of the Company into which such common stock is reclassified or reconstituted. 

“Company” has the meaning set forth in the Preamble. 

 “Control” (including its correlative meanings,
“Controlled by” and “under common Control with”) means possession, directly or indirectly, of the power to direct or cause the direction of management or policies (whether through ownership of securities or
partnership or other ownership interests, by contract or otherwise) of a Person. 
 “Demand Notice” has the
meaning set forth in Section 2.1(a) hereof. 
 “Exchange Act” means the
Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, as the same may be amended from time to time. 

“Exchange Agreement” means the Exchange Agreement, dated as of or about the date hereof, among the Company,
VEH LLC and holders of LLC Units from time to time party thereto, as amended from time to time. 
 “FINRA”
means the Financial Industry Regulatory Authority, Inc. 
 “Investment Entities” has the meaning set forth
in the Preamble. 
 “LLC Agreement” means the Amended and Restated Limited Liability Company Agreement of
Vine Energy Holdings LLC, dated as of [                ], 2021, as amended, restated, supplemented or modified, from time to time. 

“LLC Units” means the units representing membership interests in VEH LLC and any other class of units or
interests that is established in VEH LLC. 
 “Person” means an individual, a partnership, a corporation, a
limited liability company, an association, a joint stock company, a trust, a joint venture, a cooperative, an unincorporated organization, or other form of business organization, whether or not regarded as a legal entity under applicable law, or any
governmental authority or any department, agency or political subdivision thereof. 
 “Recognized Exchange”
means The New York Stock Exchange or the Nasdaq Capital Market. 
 “Registrable Securities” means shares of
Class A Common Stock that may be delivered in exchange for LLC Units and other shares of Class A Common Stock otherwise held by Securityholders from time to time. For purposes of this Agreement, Registrable Securities shall cease to be
Registrable Securities when (i) a registration statement covering resales of such Registrable Securities has been declared effective under the Securities Act by the SEC and such Registrable Securities have been disposed of pursuant to such
effective registration statement, (ii) such Registrable Securities are eligible to be sold by Securityholders owning such Registrable Securities (including Registrable Securities deliverable to a Securityholder under an effective Exchange
Registration) pursuant to Rule 144 or 145 (or any similar provision then in effect) under the Securities Act, without limitation thereunder on volume or manner of sale, unless such Registrable Securities are held by a Securityholder that
beneficially owns Shares representing 5% or more of the aggregate voting power of shares of Class A Common Stock and Class B Common Stock eligible to vote in the election of directors of the Company or (iii) such Registrable
Securities cease to be outstanding (or issuable upon exchange). 

  
 2 

 “Registration Expenses” means any and all expenses incurred
in connection with the performance of or compliance with this Agreement, including: 
 (a) all SEC, stock exchange, or FINRA
registration and filing fees (including, if applicable, the fees and expenses of any “qualified independent underwriter,” as such term is defined in Rule 5121 of FINRA, and of its counsel); 

(b) all fees and expenses of complying with securities or blue sky laws (including fees and disbursements of counsel for the
underwriters in connection with blue sky qualifications of the Registrable Securities); 
 (c) all printing, messenger and
delivery expenses; 
 (d) all fees and expenses incurred in connection with the listing of the Registrable Securities on any
securities exchange or FINRA and all rating agency fees; 
 (e) the reasonable fees and disbursements of counsel for the
Company and of its independent public accountants, including the expenses of any special audits and/or comfort letters required by or incident to such performance and compliance; 

(f) any fees and disbursements of underwriters customarily paid by the issuers or sellers of Securities, including liability
insurance if the Company so desires or if the underwriters so require, and the reasonable fees and expenses of any special experts retained in connection with the requested registration, but excluding underwriting discounts and commissions and
transfer taxes, if any; 
 (g) the reasonable fees and
out-of-pocket expenses of not more than one law firm (as selected by Blackstone, if it is participating in such registration, and otherwise, by Securityholders of a
majority of the Registrable Securities included in such registration) incurred by all the Securityholders in connection with the registration; 

(h) the costs and expenses of the Company relating to analyst and investor presentations or any “road show”
undertaken in connection with the registration and/or marketing of the Registrable Securities (including the reasonable out-of-pocket expenses of the Securityholders);
and 
 (i) any other fees and disbursements customarily paid by the issuers of Securities. 

“SEC” means the U.S. Securities and Exchange Commission or any successor agency. 

“Shares” means shares of Class A Common Stock of the Company. Shares held by or on behalf of a
Securityholder the certificate for which does not bear a Securities Act restrictive legend, which Shares may be resold freely without registration under the Securities Act, will not be considered Shares for purposes of the demand and piggyback
provisions of this Agreement. 

  
 3 

 “Securities” means capital stock, limited partnership
interests, limited liability company interests, beneficial interests, warrants, options, notes, bonds, debentures, and other securities, equity interests, ownership interests and similar obligations of every kind and nature of any Person. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated
thereunder, as the same may be amended from time to time. 
 “Securityholders” has the meaning set forth in
the Preamble. 
 “Subsidiary” means, with respect to any Person, any corporation, limited liability
company, partnership, association or other business entity of which: (i) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of
directors, representatives or trustees thereof is at the time owned or Controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof; or (ii) if a limited liability company,
partnership, association or other business entity, a majority of the total voting power of stock (or equivalent ownership interest) of the limited liability company, partnership, association or other business entity is at the time owned or
Controlled, directly or indirectly, by any Person or one or more Subsidiaries of that Person or a combination thereof. For purposes hereof, a Person or Persons shall be deemed to have a majority ownership interest in a limited liability company,
partnership, association or other business entity if such Person or Persons shall be allocated a majority of limited liability company, partnership, association or other business entity gains or losses or shall be or Control the managing director or
general partner of such limited liability company, partnership, association or other business entity. 
 “VEH
LLC” means Vine Energy Holdings LLC, a Delaware limited liability company. 
 “WKSI” means a
well-known seasoned issuer, as defined in Rule 405 under the Securities Act. 
 ARTICLE II 

DEMAND AND PIGGYBACK RIGHTS 

2.1 Right to Demand a Non-Shelf Registered Offering. 

(a) Upon the written demand of any of the Investment Entities or Blackstone made at any time and from time to time (a
“Demand Notice”), the Company will facilitate in the manner described in this Agreement a non-shelf registered offering of the Registrable Securities requested by Blackstone, or any of the
Investment Entities to be included in such offering. 
 (b) Any demanded non-shelf
registered offering may, at the Company’s option, include Shares to be sold by the Company for its own account and will also include Registrable Securities to be sold by Securityholders that exercise their related piggyback rights pursuant to
Section 2.2 hereof and any other Registrable Securities to be sold by the holders of registration rights granted other than pursuant to this Agreement exercising such rights, in each case, to the extent exercising such
rights on a timely basis. In order to be valid, the Demand Notice must provide the information described in Section 3.1 hereof (if applicable) and Section 4.5 hereof or be followed by such
information, when requested as contemplated by Section 4.5 hereof. 

  
 4 

 (c) Without limiting any other obligations of the Company hereunder, as soon
as reasonably practicable, but in no event later than 60 days after receiving a valid Demand Notice satisfying the criteria set forth in Section 2.1 hereof, the Company shall file with the SEC a registration statement
covering all of the Registrable Securities covered by such Demand Notice as well as any other Registrable Securities as to which registration is properly requested in accordance with Section 2.2 hereof (which other
Registrable Securities may be included by means of a pre-effective amendment) and any other registrable securities properly requested in accordance with other registration rights agreements with the Company,
but subject in each case to any cutbacks imposed in accordance with Section 3.5 hereof and the limitations set forth in Section 2.5 hereof. 

2.2 Right to Piggyback on a Non-Shelf Registered Offering. In
connection with any registered offering of Shares covered by a non-shelf registration statement (whether pursuant to the exercise of demand rights or at the initiative of the Company), the Securityholders may
exercise piggyback rights to have included in such offering Registrable Securities held by them, subject in each case to any cutbacks imposed in accordance with Section 3.5 hereof and the limitations set forth in
Section 2.5 hereof. The Company will facilitate in the manner described in this Agreement any such non-shelf registered offering. 

2.3 Right to Demand and be Included in a Shelf Registration. Upon the demand of any of the Investment
Entities or Blackstone, made at any time and from time to time when the Company is eligible to utilize Form S-3 or a successor form to sell Shares in a secondary offering on a delayed or continuous basis in
accordance with Rule 415 under the Securities Act, the Company will facilitate in the manner described in this Agreement a shelf registration of Registrable Securities held by the Securityholders. Any shelf registration filed pursuant to this
Section 2.3 by the Company covering Shares (whether pursuant to a demand by any of the Investment Entities or Blackstone or at the initiative of the Company) will cover Registrable Securities held by each of the
Securityholders (regardless of whether they demanded the filing of such shelf or not) equal to the percentage of their original respective holdings as is requested by any of the Investment Entities or Blackstone with respect to the Registrable
Securities of any of the Investment Entities or Blackstone to be included in such shelf. If at the time of such request the Company is eligible for WKSI status, such shelf registration shall, upon the approval of the board of directors of the
Company, cover an unspecified number of Registrable Securities to be sold by the Company and its Securityholders. 
 2.4
Demand and Piggyback Rights for Shelf Takedowns. Upon the demand of any of the Investment Entities or Blackstone, made at any time and from time to time, the Company will facilitate in the manner described in this Agreement a
“takedown” of Registrable Securities off of an effective shelf registration statement. In connection with any underwritten shelf takedown (whether pursuant to the exercise of such demand rights by any of the Investment Entities or
Blackstone or at the initiative of the Company), the Securityholders may exercise piggyback rights to have included in such takedown Registrable Securities held by them that are registered on such shelf. 

  
 5 

 2.5 Limitations on Demand and Piggyback Rights. 

(a) Any demand for the filing of a registration statement or for a registered offering or takedown, and the exercise of any
piggyback registration rights, will be subject to the constraints of any applicable lockup arrangements, and any such demand must be deferred until such lockup arrangements no longer apply. If a demand has been made for a non-shelf registered offering or for an underwritten takedown, no further demands may be made so long as the related offering is still being pursued. Notwithstanding anything in this Agreement to the contrary, the
Securityholders will not have piggyback or other registration rights with respect to the following registered primary offerings by the Company: (i) a registration relating solely to employee benefit plans; (ii) a registration on Form S-4 or S-8 (or other similar successor forms then in effect under the Securities Act); (iii) a registration pursuant to which the Company is offering to exchange its own
Securities for other Securities; (iv) a registration statement relating solely to dividend reinvestment or similar plans; (v) a shelf registration statement pursuant to which only the initial purchasers and subsequent transferees of debt
securities of the Company or any Subsidiary that are convertible for common equity and that are initially issued pursuant to Rule 144A and/or Regulation S of the Securities Act may resell such notes and sell the common equity into which such notes
may be converted; (vi) a registration where the Registrable Securities are not being sold for cash or (vii) an exchange registration. 

(b) The Company may postpone the filing of a demanded registration statement or suspend the effectiveness of any shelf
registration statement for a reasonable “blackout period” not in excess of 90 days if the board of directors of the Company determines in good faith that such registration or offering could materially interfere with a bona fide
business, acquisition or divestiture or financing transaction of the Company or is reasonably likely to require premature disclosure of information, the premature disclosure of which could materially and adversely affect the Company; provided
that the Company shall not delay the filing of any demanded registration statement more than once in any 12-month period. The blackout period will end upon the earlier to occur of, (i) in the case of a
bona fide business, acquisition or divestiture or financing transaction, a date not later than 90 days from the date such deferral commenced, and (ii) in the case of disclosure of non-public
information, the earlier to occur of (x) the filing by the Company of its next succeeding Form 10-K or Form 10-Q, or (y) the date upon which such information
is otherwise disclosed. 
 ARTICLE III 

NOTICES, CUTBACKS AND OTHER MATTERS 

3.1 Notifications Regarding Registration Statements. In order for any of the Investment Entities or
Blackstone to exercise their right to demand that a registration statement be filed, they must include in their Demand Notice the number of Registrable Securities sought to be registered and the proposed plan of distribution. In the event that the
Company is required to cutback or adjust the amount of the Registrable Securities to be included in a registration statement or offering, the Company shall adjust the Registrable Securities included by each of the Investment Entities on a pro rata
basis amongst such entities. 

  
 6 

 3.2 Notifications Regarding Registration Piggyback
Rights. 
 (a) In the event that the Company receives (i) any demand from any of the Investment Entities or
Blackstone pursuant to Section 2.1 hereof, or (ii) if the Company files a registration statement with respect to a non-shelf registered offering, the Company will promptly give
to each of the Securityholders a written notice thereof no later than 5:00 p.m., New York City time, on the fifth Business Day following receipt by the Company of such demand or the filing of such registration statement, as applicable. Any
Securityholder wishing to exercise its piggyback rights with respect to any such non-shelf registration statement must notify the Company and the other Securityholders of the number of Registrable Securities
it seeks to have included in such registration statement in a written notice. Such notice must be given as soon as practicable, but in no event later than 5:00 p.m., New York City time, on the second Business Day prior to (i) if applicable, the
date on which the preliminary prospectus intended to be used in connection with pre-effective marketing efforts for the relevant offering is expected to be finalized, and (ii) in any case, the date on
which the pricing of the relevant offering is expected to occur. No such notice is required in connection with a shelf registration statement, as Registrable Securities held by all Securityholders will be included up to the applicable percentage.

 (b) Pending any required public disclosure and subject to applicable legal requirements, the parties will maintain
appropriate confidentiality of their discussions regarding a prospective non-shelf registration. 

3.3 Notifications Regarding Demanded Underwritten Takedowns. 

(a) The Company will keep the Securityholders reasonably apprised of all pertinent aspects of any underwritten shelf takedown
demanded by any of the Investment Entities or Blackstone in order that Securityholders may have a reasonable opportunity to exercise their related piggyback rights. Without limiting the Company’s obligation as described in the preceding
sentence, having a reasonable opportunity requires that the Securityholders be notified by the Company of an anticipated underwritten takedown (whether pursuant to a demand made by any of the Investment Entities or Blackstone or made at the
Company’s own initiative) no later than 5:00 p.m., New York City time, on (i) if applicable, the second Business Day prior to the date on which the preliminary prospectus or prospectus supplement intended to be used in connection with pre-pricing marketing efforts for such takedown is finalized, and (ii) in all cases, the second Business Day prior to the date on which the pricing of the relevant takedown occurs. 

(b) Any Securityholder wishing to exercise its piggyback rights with respect to an underwritten shelf takedown must notify the
Company and the other Securityholders of the number of Registrable Securities it seeks to have included in such takedown. Such notice must be given as soon as practicable, but in no event later than 5:00 p.m., New York City time, on (i) if
applicable, the Business Day prior to the date on which the preliminary prospectus or prospectus supplement intended to be used in connection with marketing efforts for the relevant offering is expected to be finalized, and (ii) in all cases,
the Business Day prior to the date on which the pricing of the relevant takedown occurs. 
 (c) Pending any required public
disclosure and subject to applicable legal requirements, the parties will maintain appropriate confidentiality of their discussions regarding a prospective underwritten takedown. 

  
 7 

 3.4 Plan of Distribution, Underwriters, Advisors and
Counsel. If a majority of the Registrable Securities proposed to be sold in an underwritten offering through a non-shelf registration statement or through a shelf takedown is being sold by the Company
for its own account, the Company will be entitled to determine the plan of distribution and select the managing underwriters and any provider of advisory services, which may include Affiliates of Blackstone, for such offering. Otherwise,
Securityholders holding a majority of the Shares requested to be included will be entitled to determine the plan of distribution and select the managing underwriters and any provider of advisory services, which may include Affiliates of Blackstone;
provided that such investment banker or bankers, managers and providers of advisory services shall be reasonably satisfactory to the Company, and will also be entitled to select counsel for the selling Securityholders (which may be the same
as counsel for the Company). 
 3.5 Cutbacks. If the managing underwriters advise the Company and the
selling Securityholders that, in their opinion, the number of Registrable Securities requested to be included in an underwritten offering exceeds the amount that can be sold in such offering without adversely affecting the distribution of the
Registrable Securities being offered, the price that will be paid in such offering or the marketability thereof, such offering will include only the number of Registrable Securities that the underwriters advise can be sold in such offering. If the
Company is selling Registrable Securities for its own account in such offering and the offering is not being made on account of a demand made by any of the Investment Entities or Blackstone pursuant to Section 2.1 hereof,
the Company will have first priority. To the extent of any remaining capacity, and in all other cases, the selling Securityholders (and any other Persons having registration rights pari passu with the Securityholders and participating in such
offering) and the Company will be subject to cutback pro rata based on the number of Registrable Securities initially requested by them to be included in such offering, without distinguishing between Securityholders (or other Persons
exercising pari passu registration rights) based on who made the demand for such offering or otherwise. 
 3.6
Withdrawals. Even if Registrable Securities held by a Securityholder have been part of a registered underwritten offering, such Securityholder may, no later than the time at which the public offering price and underwriters’
discount are determined with the managing underwriter, decline to sell all or any portion of the Registrable Securities being offered for its account. 

3.7 Lockups. In connection with any underwritten offering of Shares, the Company and each Securityholder
participating in such offering will agree (in the case of Securityholders, with respect to Registrable Securities respectively held by them) to be bound by the underwriting agreement’s lockup restrictions (which must apply in like manner to all
of them) that are agreed to by the Company. In addition, the Securityholders shall be bound by their obligations with respect to any lockup arrangements or other restrictions on transfer of Registrable Securities set forth in the LLC Agreement. 

ARTICLE IV 
 FACILITATING
REGISTRATIONS AND OFFERINGS 
 4.1 General. If the Company becomes obligated under this Agreement
to facilitate a registration and offering of Registrable Securities on behalf of Securityholders, the Company will do so with the same degree of care and dispatch as would reasonably be expected in the case of a registration and offering by the
Company of Registrable Securities for its own account. Without limiting this general obligation, the Company will fulfill its specific obligations as described in this Article IV. 

  
 8 

 4.2 Registration Statements. In connection with each
registration statement that is demanded by Securityholders in accordance with this Agreement or as to which piggyback rights otherwise apply, the Company will: 

(a) (1) prepare and file with the SEC a registration statement on an appropriate form covering the applicable Registrable
Securities, (2) file amendments thereto as warranted, (3) seek the effectiveness thereof, and (4) file with the SEC prospectuses and prospectus supplements as may be required, all in consultation with Blackstone and as reasonably
necessary in order to permit the offer and sale of the such Registrable Securities in accordance with the applicable plan of distribution; 

(b) (1) within a reasonable time prior to the filing of any registration statement, any prospectus, any amendment to a
registration statement, amendment or supplement to a prospectus or any free writing prospectus (in each case including all exhibits filed therewith), provide copies of such documents to the selling Securityholders and to the underwriter or
underwriters of an underwritten offering, if applicable, and to their respective counsel; fairly consider such reasonable changes in any such documents prior to or after the filing thereof as the counsel to the Securityholders or the underwriter or
the underwriters may request; and make such of the representatives of the Company as shall be reasonably requested by the selling Securityholders or any underwriter available for discussion of such documents; and (2) within a reasonable time
prior to the filing of any document which is to be incorporated by reference into a registration statement or a prospectus, provide copies of such document to counsel for the Securityholders and underwriters; fairly consider such reasonable changes
in such document prior to or after the filing thereof as counsel for such Securityholders or such underwriter shall request; and make such of the representatives of the Company as shall be reasonably requested by such counsel available for
discussion of such document; 
 (c) use all reasonable efforts to cause each registration statement and the related
prospectus and any amendment or supplement thereto, as of the effective date of such registration statement, amendment or supplement and during the distribution of the registered Registrable Securities (x) to comply in all material respects
with the requirements of the Securities Act (including the rules and regulations promulgated thereunder) and (y) not to contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary
to make the statements therein not misleading; 
 (d) notify each Securityholder promptly, and, if requested by such
Securityholder, confirm such advice in writing, (i) when a registration statement has become effective and when any post-effective amendments and supplements thereto become effective if such registration statement or post-effective amendment is
not automatically effective upon filing pursuant to Rule 462 under the Securities Act, (ii) of the issuance by the SEC or any state securities authority of any stop order, injunction or other order or requirement suspending the effectiveness of
a registration statement or the initiation of any proceedings for that purpose, (iii) if, between the effective date of a registration statement and the closing of any sale of securities covered thereby pursuant to any agreement to which the
Company is a party, the representations and warranties of 

  
 9 

 
the Company contained in such agreement cease to be true and correct in all material respects or if the Company receives any notification with respect to the suspension of the qualification of
the Registrable Securities for sale in any jurisdiction or the initiation of any proceeding for such purpose, and (iv) of the happening of any event during the period a registration statement is effective as a result of which such registration
statement or the related prospectus contains any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading; 

(e) furnish counsel for each underwriter, if any, and for the Securityholders copies of any correspondence with the SEC or any
state securities authority relating to the registration statement or prospectus; 
 (f) otherwise use all reasonable efforts
to comply with all applicable rules and regulations of the SEC, including making available to its security holders an earnings statement covering at least 12 months which shall satisfy the provisions of Section 11(a) of the Securities Act and
Rule 158 thereunder (or any similar provision then in force); and 
 (g) use all reasonable efforts to obtain the withdrawal
of any order suspending the effectiveness of a registration statement at the earliest possible time. 
 4.3 Non-Shelf Registered Offerings and Shelf Takedowns. In connection with any non-shelf registered offering or shelf takedown that is demanded by Securityholders or as to
which piggyback rights otherwise apply, the Company will: 
 (a) cooperate with the selling Securityholders and the sole
underwriter or managing underwriter of an underwritten offering, if any, to facilitate the timely preparation and delivery of certificates representing the Registrable Securities to be sold and not bearing any restrictive legends; and enable such
Registrable Securities to be in such denominations (consistent with the provisions of the governing documents thereof) and registered in such names as the selling Securityholders or the sole underwriter or managing underwriter of an underwritten
offering of Registrable Securities, if any, may reasonably request at least five days prior to any sale of such Registrable Securities; 

(b) furnish to each Securityholder and to each underwriter, if any, participating in the relevant offering, without charge, as
many copies of the applicable prospectus, including each preliminary prospectus, and any amendment or supplement thereto and such other documents as such Securityholder or underwriter may reasonably request in order to facilitate the public sale or
other disposition of the Registrable Securities; the Company hereby consents to the use of the prospectus, including each preliminary prospectus, by each such Securityholder and underwriter in connection with the offering and sale of the Registrable
Securities covered by the prospectus or the preliminary prospectus; 
 (c) (1) use all reasonable efforts to register or
qualify the Registrable Securities being offered and sold, no later than the time the applicable registration statement becomes effective, under all applicable state securities or blue sky laws of such jurisdictions as each underwriter, if any, or
any Securityholder holding Registrable Securities covered by a registration statement, shall reasonably request; (2) use all reasonable efforts to keep each such registration or 

  
 10 

 
qualification effective during the period such registration statement is required to be kept effective; and (3) do any and all other acts and things which may be reasonably necessary or
advisable to enable each such underwriter, if any, and Securityholder to consummate the disposition in each such jurisdiction of such Registrable Securities owned by such Securityholder; provided, however, that the Company shall not be
obligated to qualify as a foreign corporation or as a dealer in securities in any jurisdiction in which it is not so qualified or to consent to be subject to general service of process (other than service of process in connection with such
registration or qualification or any sale of Registrable Securities in connection therewith) in any such jurisdiction; 
 (d)
cause all Registrable Securities being sold to be qualified for inclusion in or listed on any Recognized Exchange on which Registrable Securities issued by the Company are then so qualified or listed if so requested by the Securityholders, or if so
requested by the underwriter or underwriters of an underwritten offering of Registrable Securities, if any; 
 (e) cooperate
and assist in any filings required to be made with FINRA and in the performance of any due diligence investigation by any underwriter in an underwritten offering; 

(f) use all reasonable efforts to facilitate the distribution and sale of any Registrable Securities to be offered pursuant to
this Agreement, including without limitation by making “road show” presentations, holding meetings with and making calls to potential investors and taking such other actions as shall be requested by the Securityholders or the lead managing
underwriter of an underwritten offering; 
 (g) in the case of an offering that includes a provider of advisory services,
enter into and perform its obligations under customary agreements (including an advisory services agreement and an indemnification agreement in customary form); and 

(h) enter into customary agreements (including, in the case of an underwritten offering, underwriting agreements in customary
form, and including provisions with respect to indemnification and contribution in customary form and consistent with the provisions relating to indemnification and contribution contained herein) and take all other customary and appropriate actions
in order to expedite or facilitate the disposition of such Registrable Securities and in connection therewith: 

(1) make such representations and warranties to the selling Securityholders and the underwriters, if any, in
form, substance and scope as are customarily made by issuers to underwriters in similar underwritten offerings; 

(2) obtain opinions of counsel to the Company and updates thereof (which counsel and opinions (in form, scope
and substance) shall be reasonably satisfactory to the lead managing underwriter, if any) addressed to each selling Securityholder and the underwriters, if any, covering the matters customarily covered in opinions requested in sales of securities or
underwritten offerings and such other matters as may be reasonably requested by such Securityholders and underwriters; 

  
 11 

 (3) obtain “cold comfort” letters and updates
thereof from the Company’s independent certified public accountants addressed to the selling Securityholders, if permissible, and the underwriters, if any, which letters shall be customary in form and shall cover matters of the type customarily
covered in “cold comfort” letters to underwriters in connection with primary underwritten offerings; and 

(4) to the extent requested and customary for the relevant transaction, enter into a Securities sales agreement
with the Securityholders providing for, among other things, the appointment of such representative as agent for the selling Securityholders for the purpose of soliciting purchases of Registrable Securities, which agreement shall be customary in
form, substance and scope and shall contain customary representations, warranties and covenants. 
 The above shall be done
at such times as customarily occur in similar registered offerings or shelf takedowns. 
 4.4 Due
Diligence. In connection with each registration and offering of Registrable Securities to be sold by Securityholders, the Company will, in accordance with customary practice, make available for inspection by underwriters and any counsel or
accountant retained by such underwriters all relevant financial and other records, pertinent corporate documents and properties of the Company and cause appropriate officers, managers, employees, outside counsel and accountants of the Company to
supply all information reasonably requested by any such underwriter, counsel or accountant in connection with their due diligence exercise, including through in-person meetings, but subject to customary
privilege constraints. 
 4.5 Information from Securityholders. Each Securityholder that holds
Registrable Securities covered by any registration statement will furnish to the Company such information regarding itself as is required to be included in the registration statement or is otherwise required by FINRA or the SEC in connection with
such registration statement, the ownership of Registrable Securities by such Securityholder and the proposed distribution by such Securityholder of such Registrable Securities as the Company may from time to time reasonably request in writing. 

4.6 Expenses. All Registration Expenses incurred in connection with any registration statement or
registered offering covering Registrable Securities held by the Securityholders will be borne by the Company. However, underwriters’, brokers’ and dealers’ discounts and commissions applicable to Registrable Securities sold for the
account of a Securityholder will be borne by such Securityholder. 
 ARTICLE V 

INDEMNIFICATION 

5.1 Indemnification by the Company. In the event of any registration under the Securities Act by any
registration statement pursuant to rights granted in this Agreement of Registrable Securities held by Securityholders, the Company will indemnify and hold harmless Securityholders, their officers, directors and affiliates, and each underwriter of
such securities and each other Person, if any, who Controls any Securityholder or such underwriter within the meaning of the Securities Act, against any losses, claims, damages, or liabilities (including legal fees and costs of court), joint or
several, to which Securityholders or such underwriter or controlling Person 

  
 12 

 
may become subject under the Securities Act or otherwise, including any amount paid in settlement of any litigation commenced or threatened, and shall promptly reimburse such Persons, as and when
incurred, for any legal or other expenses reasonably incurred by them in connection with investigating any claims and defending any actions, insofar as such losses, claims, damages, or liabilities (or any actions in respect thereof) arise out of or
are based upon any violation or alleged violation by the Company of the Securities Act, any blue sky laws, securities laws or other applicable laws of any state or country in which such Shares are offered and relating to action taken or action or
inaction required of the Company in connection with such offering, or arise out of or are based upon any untrue statement or alleged untrue statement of any material fact (i) contained, on its effective date, in any registration statement under
which such securities were registered under the Securities Act or any amendment or supplement to any of the foregoing, or which arise out of or are based upon the omission or alleged omission to state a material fact required to be stated therein or
necessary to make the statements therein not misleading or (ii) contained in any preliminary prospectus, if used prior to the effective date of such registration statement, or in the final prospectus (as amended or supplemented if the Company
shall have filed with the SEC any amendment or supplement to the final prospectus), or which arise out of or are based upon the omission or alleged omission to state a material fact required to be stated in such prospectus or necessary to make the
statements in such prospectus not misleading; and will reimburse Securityholders and each such underwriter and each such controlling Person for any legal or any other expenses reasonably incurred by them in connection with investigating or defending
any such loss, claim, damage, or liability; provided, however, that the Company shall not be liable to any Securityholder or its underwriters or controlling Persons in any such case to the extent that any such loss, claim, damage, or
liability arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission made in such registration statement or such amendment or supplement, in reliance upon and in conformity with information
furnished to the Company through a written instrument duly executed by Securityholders or such underwriter specifically for use in the preparation thereof. 

5.2 Indemnification by Securityholders. Each Securityholder as a condition to including Registrable
Securities in such registration statement will indemnify and hold harmless (in the same manner and to the same extent as set forth in Section 5.1 hereof) the Company, each director of the Company, each officer of the
Company who shall sign the registration statement, and any Person who Controls the Company within the meaning of the Securities Act, (i) with respect to any statement or omission from such registration statement, or any amendment or supplement
to it, if such statement or omission was made in reliance upon and in conformity with information furnished to the Company through a written instrument duly executed by such Securityholder specifically regarding such Securityholder for use in the
preparation of such registration statement or amendment or supplement, and (ii) with respect to compliance by such Securityholder with applicable laws in effecting the sale or other disposition of the securities covered by such registration
statement. 
 5.3 Indemnification Procedures. Promptly after receipt by an indemnified party of notice
of the commencement of any action involving a claim referred to in Section 5.1 and Section 5.2 hereof, the indemnified party will, if a claim in respect thereof is to be made or may be made against
an indemnifying party, give written notice to such indemnifying party of the commencement of the action. The failure of any indemnified party to give notice shall not relieve the indemnifying party of its obligations in this Article V, except to the
extent that the 

  
 13 

 
indemnifying party is actually prejudiced by the failure to give notice. If any such action is brought against an indemnified party, the indemnifying party will be entitled to participate in and
to assume the defense of the action with counsel reasonably satisfactory to the indemnified party, and after notice from the indemnifying party to such indemnified party of its election to assume defense of the action, the indemnifying party will
not be liable to such indemnified party for any legal or other expenses incurred by the latter in connection with the action’s defense other than reasonable costs of investigation. An indemnified party shall have the right to employ separate
counsel in any action or proceeding and participate in the defense thereof, but the fees and expenses of such counsel shall be at such indemnified party’s expense unless (i) the employment of such counsel has been specifically authorized
in writing by the indemnifying party, which authorization shall not be unreasonably withheld, (ii) the indemnifying party has not assumed the defense and employed counsel reasonably satisfactory to the indemnified party within thirty
(30) days after notice of any such action or proceeding, or (iii) the named parties to any such action or proceeding (including any impleaded parties) include the indemnified party and the indemnifying party and the indemnified party shall
have been advised by such counsel that there may be one or more legal defenses available to the indemnified party that are different from or additional to those available to the indemnifying party (in which case the indemnifying party shall not have
the right to assume the defense of such action or proceeding on behalf of the indemnified party), it being understood, however, that the indemnifying party shall not, in connection with any one such action or separate but substantially similar or
related actions in the same jurisdiction arising out of the same general allegations or circumstances, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to all local counsel which is necessary,
in the good faith opinion of both counsel for the indemnifying party and counsel for the indemnified party in order to adequately represent the indemnified parties) for the indemnified party and that all such fees and expenses shall be reimbursed as
they are incurred upon written request and presentation of invoices. Whether or not a defense is assumed by the indemnifying party, the indemnifying party will not be subject to any liability for any settlement made without its consent (not to be
unreasonably withheld). No indemnifying party will consent to entry of any judgment or enter into any settlement which (i) does not include as an unconditional term the giving by the claimant or plaintiff, to the indemnified party, of a release
from all liability in respect of such claim or litigation or (ii) involves the imposition of equitable remedies or the imposition of any non-financial obligations on the indemnified party. 

5.4 Contribution. If the indemnification required by this Article V from the indemnifying party is
unavailable to or insufficient to hold harmless an indemnified party in respect of any indemnifiable losses, claims, damages, liabilities, or expenses, then the indemnifying party shall contribute to the amount paid or payable by the indemnified
party as a result of such losses, claims, damages, liabilities, or expenses in such proportion as is appropriate to reflect (i) the relative benefit of the indemnifying and indemnified parties and (ii) if the allocation in clause
(i) is not permitted by applicable law, in such proportion as is appropriate to reflect the relative benefit referred to in clause (i) and also the relative fault of the indemnified and indemnifying parties, in connection with the actions
which resulted in such losses, claims, damages, liabilities, or expenses, as well as any other relevant equitable considerations. The relative benefits received by a party shall be deemed to be in the same proportion as the total net proceeds from
the offering (before deducting expenses) received by it bear to the total amounts (including, in the case of any underwriter, any underwriting commissions and discounts) received by each other party. The relative fault of the indemnifying party and
the indemnified party shall 

  
 14 

 
be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact, has been made by, or relates to information
supplied by, such indemnifying party or parties, and the parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such action. The amount paid or payable by a party as a result of the losses, claims,
damage, liabilities, and expenses referred to above shall be deemed to include any legal or other fees or expenses reasonably incurred by such party in connection with any investigation or proceeding. The Company and Securityholders agree that it
would not be just and equitable if contribution pursuant to this Section 5.4 were determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations
referred to in the prior provisions of this Section 5.4. 
 Notwithstanding the provisions of this
Section 5.4, no indemnifying party shall be required to contribute any amount in excess of the amount by which the total price at which the securities were offered to the public by such indemnifying party exceeds the amount
of any damages which such indemnifying party has otherwise been required to pay by reason of an untrue statement or omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be
entitled to contribution from any Person who was not guilty of such a fraudulent misrepresentation. 
 ARTICLE VI 

OTHER AGREEMENTS 

6.1 Assignment. Neither the Company nor any Securityholder shall assign all or any part of this Agreement
without the prior written consent of the Company and Blackstone; provided, however, that without the prior written consent of the Company and Blackstone, Blackstone, any of the Investment Entities may assign their rights and obligations under this
Agreement in whole or in part to (x) any of their Affiliates and/or (y) any Person who becomes a holder of Registrable Securities upon a distribution by any of the Investment Entities or Blackstone of shares of Class A Common Stock or
LLC Units to their members, limited partners or stockholders that becomes a party hereto by executing and delivering an assignment and joinder agreement to the Company, substantially in the form of Exhibit A to this Agreement; provided, that
unless otherwise agreed to in advance by the Company and Blackstone in writing, in no event shall any Securityholder (other than Blackstone and its Affiliates) be entitled to any “demand rights” under this Agreement pursuant to an
assignment under this Section 6.1. Except as otherwise provided herein, this Agreement will inure to the benefit of and be binding on the parties hereto and their respective successors and permitted assigns. 

6.2 Merger or Consolidation. In the event the Company engages in a merger or consolidation in which the
Registrable Securities are converted into securities of another company, appropriate arrangements will be made so that the registration rights provided under this Agreement continue to be provided to Securityholders by the issuer of such securities.
To the extent such new issuer, or any other company acquired by the Company in a merger or consolidation, was bound by registration rights obligations that would conflict with the provisions of this Agreement, the Company will, unless
Securityholders then holding at least 90% of the Registrable Securities otherwise agree, use its commercially reasonable efforts to modify any such “inherited” registration rights obligations so as not to interfere in any material respects
with the rights provided under this Agreement. To the extent any such modification of “inherited” registration rights disproportionately and adversely impacts any Securityholder hereunder, such modification shall not be effective as to
such Securityholder without the consent of such Securityholder. 

  
 15 

 6.3 Limited Liability. Notwithstanding any other
provision of this Agreement, neither the members, general partners, limited partners or managing directors, or any directors or officers of any members, general or limited partner, advisory director, nor any future members, general partners, limited
partners, advisory directors, or managing directors, if any, of any Securityholder shall have any personal liability for performance of any obligation of such Securityholder under this Agreement in excess of the respective capital contributions of
such members, general partners, limited partners, advisory directors or managing directors to such Securityholder. 
 6.4
Rule 144. If the Company is subject to the requirements of Section 13, 14 or 15(d) of the Exchange Act, the Company covenants that it will file any reports required to be filed by it under the Securities Act and the Exchange
Act (or, if the Company is subject to the requirements of Section 13, 14 or 15(d) of the Exchange Act but is not required to file such reports, it will, upon the request of any Securityholder, make publicly available such information) and it
will take such further action as any Securityholder may reasonably request, so as to enable such Securityholder to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by
(a) Rule 144 under the Securities Act, as such Rule may be amended from time to time, or (b) any similar rule or regulation hereafter adopted by the SEC. Upon the request of any Securityholder, the Company will deliver to such
Securityholder a written statement as to whether it has complied with such requirements. For the avoidance of doubt, this Section 6.4 shall not in any way limit or otherwise modify any applicable restrictions on transfer
set forth in the LLC Agreement. 
 6.5 In-Kind Distributions. If
any Securityholder seeks to effectuate an in-kind distribution of all or part of its Registrable Securities to its direct or indirect equityholders, the Company will, subject to applicable lockups, work with
such Securityholder and the Company’s transfer agent to facilitate such in-kind distribution in the manner reasonably requested by such Securityholder. 

ARTICLE VII 

MISCELLANEOUS 

7.1 Notices. All notices, requests, demands and other communications required or permitted hereunder
shall be made in writing by hand-delivery, registered first-class mail, telex, fax or air courier guaranteeing delivery to the Persons at the respective addresses set forth below or pursuant to such other instructions as may be designated in writing
by the party to receive such notice. 
  

	 	(a)	 If to the Company, to: 

Vine Energy Inc. 

5800 Granite Parkway, Suite 550 

Plano, Texas 75024 

Attention: Eric Marsh, Chief Executive Officer 

Fax: (877) 992-0118 

  
 16 

 with a copy (not constituting notice) to : 

Kirkland & Ellis LLP 

609 Main Street 

Houston, Texas 77002 

Attention: Matthew R. Pacey and Michael W. Rigdon 

Fax: (713) 835-3601 

 

	 	(b)	 If to the Blackstone Holders, to: 

The Blackstone Group L.P. 

345 Park Avenue, Suite 3300 

New York, New York 10154 

Attention: Angelo G. Acconcia 

Fax: (212) 201-2874 

with a copy (not constituting notice) to: 

Kirkland & Ellis LLP 

609 Main Street 

Houston, Texas 77002 

Attention: Matthew R. Pacey and William J. Benitez 

Fax: (713) 835-3601 

 

	 	(c)	 If to either of Vine Investment or Vine Investment II, to: 

Vine Investment LLC 

c/o Blackstone Management Partners, L.L.C. 

345 Park Avenue, 31st Floor 

New York, New York 10154 

Attention: Angelo G. Acconcia 

Fax: (212) 201-2874 

with a copy (not constituting notice) to : 

Kirkland & Ellis LLP 

609 Main Street 

Houston, Texas 77002 

Attention: Matthew R. Pacey and William J. Benitez 

Fax: (713) 835-3601 

 

	 	(d)	 If to either of Brix Investment or Brix Investment II, to: 

Brix Investment LLC 

c/o Blackstone Management Partners, L.L.C. 

345 Park Avenue, 31st Floor 

New York, New York 10154 

Attention: Angelo G. Acconcia 

Fax: (212) 201-2874 

  
 17 

 with a copy (not constituting notice) to : 

Kirkland & Ellis LLP 

609 Main Street 

Houston, Texas 77002 

Attention: Matthew R. Pacey and William J. Benitez 

Fax: (713) 835-3601 

(e) If to either of Harvest Investment or Harvest Investment II, to: 

Harvest Investment LLC 

c/o Blackstone Management Partners, L.L.C. 

345 Park Avenue, 31st Floor 

New York, New York 10154 

Attention: Angelo G. Acconcia 

Fax: (212) 201-2874 

with a copy (not constituting notice) to : 

Kirkland & Ellis LLP 

609 Main Street 

Houston, Texas 77002 

Attention: Matthew R. Pacey and William J. Benitez 

Fax: (713) 835-3601 

Any such notice, request, demand or other communication shall be deemed to have been duly given (a) on the date of
delivery if delivered personally or by facsimile or electronic transmission, (b) on the first Business Day after being sent if delivered by nationally recognized overnight delivery service and (c) upon the earlier of actual receipt thereof
or five Business Days after the date of deposit in the United States mail if delivered by mail. 
 7.2 Section
Headings. The article and section headings in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement. References in this Agreement to a designated “Article” or
“Section” refer to an Article or Section of this Agreement unless otherwise specifically indicated. 
 7.3
Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware. 

7.4 Consent to Jurisdiction and Service of Process; Waiver of Jury Trial. 

(a) The parties to this Agreement hereby agree to submit to the jurisdiction of the courts of the State of Delaware, the courts
of the United States of America for the District of Delaware, and appellate courts from any thereof in any action or proceeding arising out of or relating to this Agreement. 

  
 18 

 (b) EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT
TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

7.5 Amendments. 

(a) This Agreement may be amended only by an instrument in writing executed by the Company and Securityholders holding at least
a majority of the Registrable Securities collectively held by them; provided that any amendment that would adversely impact the rights hereunder of Blackstone shall require the prior written consent of Blackstone; provided,
further, that any amendment that would disproportionately and adversely impact (i) the rights hereunder of the Securityholders party hereto other than Blackstone without similarly affecting the rights hereunder of Blackstone (other than
the granting of demand rights to any new party to become a Securityholder hereunder and rights incidental thereto) shall require the prior approval of a such Securityholders other than Blackstone holding a majority of the Registrable Securities held
by such Securities, (ii) the rights hereunder of any Securityholder other than Blackstone without similarly affecting the rights hereunder of all other Securityholders other than Blackstone shall require the prior written consent of such
Securityholder. This Agreement will terminate as to any Securityholder when it no longer holds any Registrable Securities. 

(b) Notwithstanding anything in Section 7.5(a) hereof to the contrary, if the Company at any time
after the date of this Agreement grants to any other holders of its securities (other than any new Blackstone Holders becoming party hereto after the date hereof) any rights to request or cause the Company to effect the registration under the
Securities Act or offering or sale of any such securities on any terms materially more favorable to such holders than the terms set forth in this Agreement, the terms of this Agreement shall, upon the request of Blackstone, be deemed amended or
supplemented to the extent necessary to provide Blackstone such more favorable rights and benefits, and, at the election and sole discretion of Blackstone (as evidenced by a written notice to the Company), shall be deemed amended or supplemented to
the extent necessary to provide to the Securityholders party hereto other than Blackstone those more favorable rights and benefits as selected by Blackstone to be provided to such other Securityholders and set forth in such written notice. 

7.6 Entire Agreement. This Agreement contains the entire understanding of the parties with respect to the
subject matter hereof. The registration rights granted under this Agreement supersede any registration, qualification or similar rights with respect to any of the Registrable Securities granted under any other agreement, and any of such preexisting
registration rights are hereby terminated. 
 7.7 Severability. The invalidity or unenforceability of
any specific provision of this Agreement shall not invalidate or render unenforceable any of its other provisions. Any provision of this Agreement held invalid or unenforceable shall be deemed reformed, if practicable, to the extent necessary to
render it valid and enforceable and to the extent permitted by law and consistent with the intent of the parties to this Agreement. 

  
 19 

 7.8 Counterparts. This Agreement may be executed in
multiple counterparts, including by means of facsimile, each of which shall be deemed an original, but all of which together shall constitute the same instrument. 

7.9 Additional Holders. Notwithstanding anything herein to the contrary, the Company may from time to time
add additional holders of Registrable Securities of the Company as parties to this Agreement with the consent of Blackstone and without the consent or additional signatures of any other holders of Registrable Securities hereunder. In order to become
a party to this Agreement, such additional party must execute a signature page evidencing such party’s agreement to be bound hereby as a Securityholder (but not Blackstone, unless Blackstone consents in writing thereto), and upon the
Company’s receipt of any such additional holder’s executed signature page hereto, such additional holder shall be deemed to be a party hereto and such additional signature pages shall be a part of this Agreement. 

7.10 Equitable Remedies. The parties hereto agree that irreparable harm would occur in the event that any
of the agreements and provisions of this Agreement were not performed fully by the parties hereto in accordance with their specific terms or conditions or were otherwise breached, and that money damages are an inadequate remedy for breach of this
Agreement because of the difficulty of ascertaining and quantifying the amount of damage that will be suffered by the parties hereto in the event that this Agreement is not performed in accordance with its terms or conditions or is otherwise
breached. It is accordingly hereby agreed that the parties hereto shall be entitled to an injunction or injunctions to restrain, enjoin and prevent breaches of this Agreement by the other parties and to enforce specifically the terms and provisions
hereof in any court of the United States or any state having jurisdiction, such remedy being in addition to and not in lieu of, any other rights and remedies to which the other parties are entitled to at law or in equity. 

[Remainder of page intentionally left blank] 

  
 20 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first
written above. 
  

			
	 COMPANY:

	
	 VINE ENERGY INC.

		
	 By:
	 	
                  
   

 
			
	 Name:
	 	
	 Title:
	 	
	
	 VINE INVESTMENT LLC

		
	 By:
	 	
                  
   

 
			
	 Name:
	 	
	 Title:
	 	
	
	 BRIX INVESTMENT LLC

		
	 By:
	 	
                  
   

 
			
	 Name:
	 	
	 Title:
	 	
	
	 HARVEST INVESTMENT LLC

		
	 By:
	 	
                 

 
			
	 Name:
	 	
	 Title
	 	

 Signature Page to Vine Energy Inc. Registration Rights Agreement 

 
			
	 VINE INVESTMENT II LLC

		
	 By:
	 	
                  
           

		
	 Name:
	 	
	 Title:
	 	
	
	 BRIX INVESTMENT II LLC

		
	 By:
	 	
                  
       

		
	 Name:
	 	
	 Title:
	 	
	
	 HARVEST INVESTMENT II LLC

		
	 By:
	 	
                 

	 Name:
	 	
	 Title:
	 	

 Signature Page to Vine Energy Inc. Registration Rights Agreement 

 Exhibit A 

FORM OF ASSIGNMENT AND JOINDER 

[                ], 2021 

Reference is made to the Registration Rights Agreement, dated as of
[                ] 2021, by and among Vine Energy Inc., a Delaware corporation (the “Company”), Vine Investment LLC, a Delaware limited liability
company, Brix Investment LLC, a Delaware limited liability company, Harvest Investment LLC, a Delaware limited liability company, and Vine Investment II LLC, a Delaware limited liability company, Brix Investment II LLC, a Delaware limited liability
company, and Harvest Investment II LLC, a Delaware limited liability company and certain holders which hold Registrable Securities (as defined below) that become party thereto (the “Registration Rights Agreement”). Capitalized terms
used but not otherwise defined herein shall have the meanings ascribed to such terms in the Registration Rights Agreement. 

Pursuant to Section 6.1 of the Registration Rights Agreement,
[                ] (the “Assignor”) hereby assigns [in part][or: in full] its rights and obligations under the Registration Rights Agreement to
each of [                ], [                ] and
[                ] (each, an “Assignee” and collectively, the “Assignees”). [For the avoidance of doubt, the Assignor will remain a
party to the Registration Rights Agreement following the assignment in part of its rights and obligations thereunder to the undersigned Assignees.] 

Each undersigned Assignee hereby agrees to and does become party to the Registration Rights Agreement. This assignment and
joinder shall serve as a counterpart signature page to the Registration Rights Agreement and by executing below each undersigned Assignee is deemed to have executed the Registration Rights Agreement with the same force and effect as if originally
named a party thereto and each Assignee’s shares of Class A Common Stock shall be included as Registrable Securities under the Registration Rights Agreement. 

[Remainder of page intentionally left blank] 

 IN WITNESS WHEREOF, the undersigned have duly executed this assignment and
joinder as of date first set forth above. 
  

			
	 ASSIGNOR: 

	 [____________]

		
	 By:
	 	
              
           

	 Name:
	 	
	 Title:
	 	
	
	ASSIGNEE(S):
	 [____________]

		
	 By:
	 	
              
   

	 Name:
	 	
	 Title:
	 	

 Signature Page to Vine Energy Inc. Form of Assignment and Joinder

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