Document:

EX-10.7

 Exhibit 10.7 

Execution Copy 

EXECUTIVE GRANT AND SEPARATION AGREEMENT 

This Executive Grant and Separation Agreement (the “Agreement”) is entered into as of December 31, 2013 (the
“Separation Date”), by and between APPROACH RESOURCES INC., a Delaware corporation (the “Company”), and STEVEN P. SMART, an individual residing in the State of Texas (“Employee”). 

RECITALS 
 WHEREAS,
Employee has been employed by the Company pursuant to the Amended and Restated Employment Agreement between the parties effective as of January 1, 2011 (the “Employment Agreement”); 

WHEREAS, Employee has previously been awarded restricted shares of the Company’s common stock, $0.01 par value per share (the
“Common Stock”) under the Company’s 2007 Stock Incentive Plan, as amended (the “Plan”) pursuant to separate grants on each of November 14, 2007, June 3, 2009, August 6,
2010, March 7, 2011, February 21, 2012, and February 20, 2013 (collectively, the “Restricted Stock Award Agreements”) and under which Employee holds 80,697 outstanding unvested shares subject
to performance and time vesting requirements; 
 WHEREAS, the parties desire to enter into this Agreement to, except as otherwise provided
herein, supersede and fully replace all provisions of the Employment Agreement and set forth the terms of the separation of Employee’s employment from the Company and Employee’s release of any claims or causes of action that he may have
arising from his employment with the Company, including but not limited to any claims arising from the separation from such employment; 

NOW, THEREFORE, in consideration of the mutual promises and covenants contained in this Agreement and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties agree to the following terms: 
 TERMS 

1. Separation of Employment. The parties acknowledge and agree that Employee’s employment as Executive Vice President,
Chief Financial Officer and all other positions with the Company and all subsidiaries and affiliates will end effective on the Separation Date. 

 2. Consideration. Employee acknowledges and agrees that, but for entry into this
Agreement, the Company has no obligation to pay Employee the sums specified in Paragraph 3 below and that said sums are fair, adequate and independent valuable consideration for the promises, releases and waivers contained in this Agreement.
Provided Employee executes this Agreement within the twenty-one (21) day period referenced below (and is not revoked by him within seven (7) days of such execution), Employee shall be granted the following consideration: 

(a) Cash Severance – Salary and Vacation Days: Pursuant to Paragraph 7(e)(i) of the Employment Agreement (dealing with a
non-renewal of the Employment Agreement) and subject to the terms described therein, Employee shall be paid a lump sum in cash equal to 150% of Employee’s current base salary, or a total of $450,000, less required tax withholdings, within 20
days after the Separation Date. In addition, on or before the date of payment set forth in the preceding sentence, Employee shall be paid a lump sum amount in cash, less any required withholdings, for Employee’s accrued, unused vacation days at
the rate of $1,153.85 per day. As of the day this Agreement is signed, Employee has 22 days of accrued, unused vacation days. 
 (b) Cash
Severance – Bonus: Pursuant to Paragraph 7(e)(ii) of the Employment Agreement and subject to the terms described therein, Employee shall be entitled to a pro-rated cash bonus to be determined and paid at such time and in the manner
applicable to other executive officers and participants in the Company’s 2013 short-term incentive plan (“STIP”), as described in the Company’s 2013 proxy statement and as approved by the Compensation and Nominating
Committee of the Board of Directors of the Company on February 20, 2013. Notwithstanding the foregoing, with respect to the portion of such bonus determinable based upon Employee’s satisfactory achievement of individual performance goals,
Employee will be awarded the target amount for such portion of his bonus equal to 18.75% of his base salary. Assuming the Company performance goals are found to have been satisfactorily achieved, Employee’s total bonus (including the portion
attributable to his individual performance described in the immediately preceding sentence) would be $225,000, less required tax withholdings. 

(c) Cash Severance – Continuation of Other Benefits: Pursuant to Paragraph 7(e)(iii) of the Employment Agreement, at the time of
the payment of the amount set forth in Paragraph 2(a) above, Employee shall be paid a lump sum in cash a total of $16,748, less required withholdings, attributable to health coverage for Employee during the applicable 18-month COBRA continuation
period. 
 (d) Restricted Stock: Pursuant to Paragraph 2(b) of the Restricted Stock Award Agreements, as of the Separation Date, all
of Employee’s 80,697 outstanding unvested restricted shares shall be forfeited entirely and for no consideration. 
 3.
Grant of Restricted Stock Units. Pursuant to the Restricted Stock Unit Grant and Agreement, attached hereto as Appendix A, Employee shall be granted the number of Restricted Stock Units listed in such agreement on the date provided
thereunder. 
 4. Prior Rights and Obligations. This Agreement extinguishes all rights, if any, which Employee may
have, contractual or otherwise, relating to or arising out of his employment 

  
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with the Company. In entering into this Agreement, Employee expressly acknowledges and agrees that he has received all leaves (paid and unpaid) to which he was entitled during his employment and,
as of the date that Employee executes this Agreement, he has received all wages and been paid all sums that he is owed by the Company, except for amounts remaining to be paid under this Agreement. 

5. [Intentionally omitted.] 

6. Return of Company Materials and Confidential Information. Employee agrees that, as of the Separation Date, he has returned to
the Company: (a) all Company documents and other materials, including without limitation, electronic or “hard” data, bank files, software, computers (laptop or otherwise), policy manuals, office supplies, keys and any other tangible
item belonging to the Company; and (b) all confidential and/or proprietary information in his possession, including but not limited to, any customer information or records, strategic plans, business policies, financial information, intellectual
property, methods of operation, implementation strategies, and any documents or materials consisting of or containing the Company’s trade secrets or other legally protectable information in his possession or in the possession of any person or
entity acting on his behalf. 
 7. Release, Covenants, and Continuing Obligations. 

(a) Release: Employee agrees to release and discharge the Company and any parent, subsidiary, predecessor, successor, assign or
affiliated entity, along with their respective past, present, and future owners, partners, officers, directors, employees, agents, attorneys, successors, administrators and insurers (collectively the “Company Parties”), from any and
all claims, demands, liabilities and causes of action, whether statutory or common law, including, but not limited to, any claim for salary, severance, benefits, payments, expenses, costs, damages, penalties, compensation, remuneration, wages,
contractual entitlements; and all claims or causes of action relating to any matter occurring on or prior to the date that Employee executed this Agreement, including without limitation (i) any alleged violation of: (A) the Age
Discrimination in Employment Act of 1967; (B) Title VII of the Civil Rights Act of 1964; (C) the Civil Rights Act of 1991; (D) Sections 1981 through 1988 of Title 42 of the United States Code; (E) the Employee Retirement Income
Security Act; (F) the Immigration Reform Control Act; (G) the Americans with Disabilities Act; (H) the National Labor Relations Act; (I) the Occupational Safety and Health Act; (J) the Family and Medical Leave Act;
(K) any state or federal anti-discrimination law; (L) any state or federal wage and hour law; (M) any other local, state or federal law, regulation or ordinance; (ii) any public policy, contract, tort, or common law claim;
(iii) any and all claims for costs, fees, or other expenses including attorneys’ fees incurred in the matters referenced herein; and (iv) any and all claims he may have arising as the result of any alleged breach of any contract,
incentive compensation plan or agreement or stock award plan or 

  
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agreement with any Company Party, including without limitation the Plan, Restricted Stock Award Agreements, STIP and Employment Agreement (collectively, the “Released Claims”).
This Agreement is not intended to indicate that any such claims exist or that, if they do exist, they are meritorious. Rather, Employee is simply agreeing that, in exchange for the consideration recited in Paragraph 2 and 3 of this Agreement, any
and all potential claims of this nature that he may have against the Company Parties, regardless of whether they actually exist, are expressly settled, compromised and waived. Notwithstanding this release of liability, nothing in this Agreement
prevents Employee from filing any non-legally waivable claim, including a challenge to the validity of this Agreement with the Equal Employment Opportunity Commission (“EEOC”), or comparable state or local agency, or participating
in any investigation or proceeding conducted by the EEOC or comparable state or local agency; however, Employee understands and agrees that he is waiving any and all rights to recover any monetary or personal relief or recovery as a result of such
EEOC or comparable state or local agency proceeding or subsequent legal actions. Further, in no event shall the Released Claims include: (i) any claim which arises after the date this Agreement is executed by Employee, including any claim to
enforce his rights under this Agreement; or (ii) any claim to any vested benefits under an employee pension or retirement plan. Finally, Employee represents, warrants and agrees that at the time that Employee signs this Agreement, he has not
brought or joined any claims, appeals, complaints, charges or lawsuits against the Company Parties and has made no assignment, sale, delivery, transfer or conveyance of any rights he has asserted or may have against any of the Company Parties with
respect to any Released Claim. 
 (b) Non-Disclosure of Agreement: Employee agrees that, except to the extent disclosed in any public
filings required by law, the terms of this Agreement are confidential and that he will not voluntarily disclose to any third person, apart from his attorney, tax advisors and immediate family, the existence, terms or conditions of this Agreement or
to cause any third person to disclose the existence, terms or conditions of this Agreement, except as required by law or compelled by any governmental authority. If required by law or compelled by a government authority to involuntarily disclose the
existence, terms or conditions of this Agreement, Employee agrees to give the Company at least five (5) business days’ notice. 

(c) Non-Disparagement: Both Employee and the Company agree that the Company will communicate no adverse or derogatory information to
anyone concerning Employee or his employment, and Employee, likewise, will communicate no such information concerning the Company or any persons, corporations or other entities having any relationship with any part of the Company. 

(d) Non-Disclosure of Confidential Information: Paragraph 14 of the Employment Agreement is incorporated in its entirety by reference
herein. 

  
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 (e) Non-Competition, Non-Solicitation: The purpose of Subparagraphs 7(d) and 7(e) are to
protect the Company from unfair loss of goodwill and/or business advantage. 
 (i) Paragraph 15 of the Employment Agreement is incorporated
in its entirety by reference herein. To the extent there are any inconsistencies between that Paragraph 15 and this Agreement, this Agreement controls. 

(ii) Notwithstanding the foregoing, Employee further agrees that for the period during which any Restricted Stock Units granted pursuant to
the Restricted Stock Unit Grant and Agreement continue to vest, or for one (1) year following the end of the Post-Termination Non-Compete Term, as defined in Paragraph 15 of the Employment Agreement, whichever ends earlier (the
“Restricted Period”), Employee shall refrain from accepting other employment with, or providing services to any company or other entity that: 

(A) as of the Separation Date or as of the end of the six-month period following such Separation Date competes with the Company in the
upstream exploration and production business, which for the avoidance of doubt includes any leasing, acquiring, exploring, developing, or producing hydrocarbons and related products (the “E&P Business”) within the
boundaries of, or within a 25-mile radius of the boundaries of, any mineral property interest of the Company or its affiliates (including, without limitation, a mineral lease, overriding royalty interest, production payment, net profits interest,
mineral fee interest, or option or right to acquire any of the foregoing, or an area of mutual interest as designated pursuant to contractual agreements between the Company or its affiliates and any third party) or any other property on which the
Company or its affiliates have an option, right, license, or authority to conduct or direct exploratory activities, such as three dimensional seismic acquisition or other seismic, geophysical and geochemical activities (but not including any
preliminary geological mapping); or 
 (B) is an E&P Business that as of the Separation Date or as of the end of the six-month period
following such Separation Date, both (x) is headquartered within a 60-mile radius of the Company’s headquarters located at One Ridgmar Centre, 6500 West Freeway, Suite 800, Fort Worth, Texas 76116, where Employee was employed, and
(y) has a stockholders’ or members’ equity, or equivalent measure of equity capital under generally accepted accounting principles, of $200 million or more. Notwithstanding any other provision of this Agreement, the Company agrees
that its sole and exclusive remedy for a breach of this Paragraph 7(e)(ii)(B) by Employee shall be the forfeiture of any unearned Restricted Stock Units that have not become available as set forth in the schedule contained in the attached Appendix
A. 
 (iii) Notwithstanding the foregoing, nothing in this Paragraph 7(e) shall preclude Employee from making personal investments in
securities of oil and gas companies that 

  
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are registered on a national stock exchange, if the aggregate amount owned by Employee and all immediate family members and affiliates does not exceed 1% of such company’s outstanding
securities. 
 (f) Post-Separation Cooperation: Following the Separation Date, Employee will cooperate with the Company at its
request to assist with existing or future investigations, proceedings, litigation, examinations or other fact-finding or adjudicative proceedings, public or private, involving any of the Company Parties. This obligation includes promptly meeting
with representatives of the Company at reasonable times upon their request, and providing information and, where applicable, testimony, that is truthful, accurate and complete, according to information known to Employee. From and after the Service
Period, the Company will pay Employee $200 for each hour that Employee provides such assistance at the Company’s request. Employee will submit to the Company a statement no later than thirty (30) days after providing any such services
under this Paragraph 7(f) setting out the number of hours such services were performed and the Company will pay for such services within thirty (30) days after receipt of such statement. The Company also will reimburse Employee, within thirty
(30) days after submission of substantiating documentation, for reasonable out-of-pocket travel, lodging and other incidental expenses (but not attorney’s fees) Employee incurs in providing such assistance, provided that expenses over $500
have been approved in advance by an authorized representative of the Company and Employee submits such documentation within thirty (30) days after the expense is incurred. If requested by any of the Company Parties, Employee will make good
faith efforts to travel to such locations as any of the Company Parties may reasonably request to provide such assistance provided that travel time will be billed at the above rate. 

8. Enforcement of Covenants and Remedies. 

(a) Enforcement of Covenants: Employee acknowledges and agrees that the Company previously fulfilled its agreement to provide him with
confidential information and that his covenants in Paragraphs 6 and 7 of this Agreement are ancillary to that prior enforceable agreement and are supported by independent, valuable consideration. Employee further acknowledges and agrees that the
limitations as to time, geographical area, and scope of activity to be restrained by those covenants in Paragraphs 7(d) and 7(e) are reasonable and acceptable to Employee and do not import any greater restraint than is reasonably necessary to
protect the Company’s goodwill, confidential information, and other legitimate business interests. Employee further agrees that if, at some later date, a court of competent jurisdiction determines that any of the covenants in Paragraphs 7(d) or
7(e) are unenforceable, any such covenants shall be reformed by the court and enforced to the maximum extent permitted under law. 
 (b)
Remedies: In the event of a breach or threatened breach by Employee of any of his covenants in Paragraphs 6 or 7 of this Agreement, the Company shall be entitled to 

  
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equitable relief by temporary restraining order, temporary injunction, or permanent injunction or otherwise, in addition to other legal and equitable relief to which it may be entitled, including
any and all monetary damages that the Company may incur as a result of such breach, violation, or threatened breach or violation. Employee acknowledges that damages are an inadequate remedy for any breach of the terms and conditions set forth in
Paragraphs 6 or 7 of this Agreement and agrees that the Company may pursue any remedy available to it concurrently or consecutively in any order as to any breach, violation, or threatened breach or violation, and the pursuit of one of such remedies
at any time shall not be deemed an election of remedies or waiver of the right to pursue any other of such remedies as to such breach, violation, or threatened breach or violation, or as to any other breach, violation, or threatened breach or
violation. 
 9. Employee Representations. Employee acknowledges that: 

(a) Employee is hereby advised to consult with an attorney before signing this Agreement and has had adequate opportunity to do so. 

(b) Employee would not otherwise have been entitled to the consideration described in Paragraph 3 of this Agreement and that Company agreed to
provide such consideration in return for Employee’s agreement to be bound by the terms of this Agreement. 
 (c) Employee has been
given at least twenty-one (21) days to review this Agreement and understands that if he does not accept this Agreement by December 31, 2013, this offer will expire. 

(d) Employee has seven (7) days after signing this Agreement to revoke it. This Agreement will not become effective or enforceable until
the revocation period has expired without Employee’s revocation. Any notice of revocation of the Agreement is effective only if received by the Company in writing by the seventh day after Employee signs this Agreement at the following address:
One Ridgmar Centre, 6500 West Freeway, Suite 800, Fort Worth, Texas 76116. Employee understands that if he revokes his acceptance of this Agreement pursuant to this Paragraph 9(d), the Company will not provide him with any severance payment
described in Paragraph 2, above, and all other terms of this Agreement will become null and void. 
 10. Corporate Changes. In
the event of any consolidation or merger of the Company into or with any other corporation during the term of this Agreement, or the sale of all or substantially all of the assets of the Company to another corporation during the term of this
Agreement, such successor corporation shall assume this Agreement and become obligated to perform all of the terms and provisions hereof applicable to the Company, and Employee’s obligations hereunder shall continue in favor of such successor
corporation. 

  
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 11. Voluntary Agreement. Employee acknowledges and agrees that he has carefully
read this Agreement and understands that, except as expressly reserved herein, it is a release of all claims, known or unknown, past or present, including all claims under the Age Discrimination in Employment Act. Employee further warrants that he
executes this Agreement of his own free will, after having a reasonable period of time to review, study and deliberate regarding its meaning and effect, and after being advised to consult an attorney. Finally, Employee enters into this Agreement
fully knowing its effect and he does so voluntarily, in exchange for the consideration stated above. 
 12. Dispute
Resolution. If any dispute arising out of or relating to this Agreement, including any question regarding its existence or validity (a “Dispute”) cannot be amicably resolved by the parties, the parties shall submit the
Dispute to nonbinding mediation as soon as reasonably possible after the Dispute arose. If complete agreement cannot be reached within five (5) calendar days of submission to mediation, either party may file a civil action against the other
party in any court of competent jurisdiction permitted under Paragraph 17. 
 Waiver of Right to Jury Trial. NOTWITHSTANDING ANY OTHER PROVISION IN THIS
AGREEMENT, THE PARTIES SHALL, AND HEREBY DO, IRREVOCABLY WAIVE THE RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY DISPUTE ARISING FROM THIS AGREEMENT OR THE EMPLOYMENT AGREEMENT. IN ADDITION, EMPLOYEE SHALL, AND HEREBY DOES, IRREVOCABLY WAIVE THE RIGHT
TO PARTICIPATE IN ANY CLASS OR COLLECTIVE ACTION WITH RESPECT TO ANY DISPUTE. 
 13. Entire Agreement. Employee and the
Company agree that this Agreement contains the entire agreement between the parties, and supersedes all prior agreements or understandings between the parties, both written and oral, between the parties pertaining to matters encompassed in this
Agreement, including, without limitation the Employment Agreement. Employee agrees that the Company has not made any promise or representation to him concerning this Agreement not expressed in this Agreement, and that, in signing this Agreement, he
is not relying on any prior oral or written statement or representation by the Company, but is instead relying solely on his own judgment and his legal and tax advisors, if any. 

14. Amendment of Agreement. This Agreement cannot be modified except by a written agreement signed by both parties and
specifically identified as an amendment to this Agreement. Notwithstanding the previous sentence, the Company may modify or amend this Agreement in its sole discretion at any time without the further consent of the Employee in any manner necessary
to comply with applicable law and regulations or the listing or other requirements of any stock exchange upon which the Company is listed; provided, that such amendment is immaterial and would not cause a material reduction of any benefits
provided to Employee hereunder. 

  
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 15. Waiver. The waiver by either party of a breach of any term of this Agreement
shall not operate or be construed as a waiver of a subsequent breach of the same provision by either party or of the breach of any other term of provision of this Agreement. 

16. Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or
enforceability of any other provision of this Agreement. If any provision may be made enforceable by limitation, then such provision shall be deemed so limited and shall be enforceable to the maximum extent permitted by applicable law. This
Agreement will be binding upon and inure to the benefit of the parties’ respective successors, assigns, legal representatives and heirs. 

17. Governing Law; Venue. This Agreement shall be governed by the laws of the State of Texas, without regard to its
conflict-of-laws principles. Employee and the Company hereby irrevocably consent to the binding and exclusive venue for any Dispute between the parties arising out of or related to this Agreement being in the state or federal court of competent
jurisdiction that regularly conducts proceedings in Tarrant County, Texas. Nothing in this Agreement, however, precludes Employee or the Company from seeking to remove a civil action from any state court to federal court. 

18. Notices. Any notice to be given to the Company hereunder shall be deemed sufficient if addressed to the Company in writing
and delivered or mailed by certified or registered mail to its offices at One Ridgmar Centre, 6500 West Freeway, Suite 800, Fort Worth, Texas 76116, or such other address as the Company may hereafter designate. Any notice to be given to Employee
hereunder shall be delivered or mailed by certified or registered mail to: 901 Saddlebrook Drive Colleyville, Texas 76034, or such other address as Employee may hereafter designate. 

19. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all
of which together shall be considered one and the same agreement. The delivery of this Agreement in the form of a clearly legible facsimile or electronically scanned version by e-mail shall have the same force and effect as delivery of the
originally executed document. 
 20. Right to Consult a Tax Advisor. Notwithstanding any contrary provision in this Agreement,
Employee shall be solely responsible for any risk that the tax treatment of all or part of any payments provided by this Agreement may be affected by Section 409A, which may impose significant adverse tax consequences on him, including
accelerated taxation, a 20% additional tax, and interest. Because of the potential tax consequences, Employee has the right, and is encouraged by this paragraph, to consult with a tax advisor of his choice before signing this Agreement. 

[Signature Page Follows] 

  
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 APPROACH RESOURCES INC., 

a Delaware Corporation 
  

			
	By:	 	 /s/ J. Ross Craft

	Name:	 	J. Ross Craft
	Title:	 	President and CEO

 Accepted by: 
  

	
	 /s/ Steven P. Smart

	Steven. P. Smart

 Date: December 31, 2013 

Attachments: Appendix A – Restricted Stock Unit Grant and Agreement 

  
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 APPENDIX A 

APPROACH RESOURCES INC. 

2007 STOCK INCENTIVE PLAN 

RESTRICTED STOCK UNIT GRANT AND AGREEMENT 

This Restricted Stock Unit Grant and Agreement (“Agreement”) is made and entered into as of the date set forth below by and
between Approach Resources Inc., a Delaware corporation (the “Company”) and you; 
 WHEREAS, the Company agrees to
grant you this restricted stock unit award; 
 WHEREAS, the Company adopted the Approach Resources Inc. 2007 Stock Incentive Plan, as
it may be amended from time to time (the “Plan”) under which the Company is authorized to grant restricted stock units to certain Employees, Outside Directors and other service providers of the Company; 

WHEREAS, a copy of the Plan has been furnished to you and shall be deemed a part of this Agreement as if fully set forth herein; and

 WHEREAS, you desire to accept the restricted stock unit award made pursuant to this Agreement; 

NOW, THEREFORE, in consideration of and mutual covenants set forth herein and for other valuable consideration hereinafter set forth,
the parties agree as follows: 
 1. The Grant. Subject to the conditions set forth below, the Company hereby grants you,
effective as of the date set forth below, an award consisting of 43,257 restricted stock units (“Restricted Stock Units”), whereby each Restricted Stock Unit represents the right to receive one share of common stock,
par value $0.01 per share, of the Company (“Stock”), plus the additional Cash Dividend Rights or Dividend Unit Rights, as applicable, set forth in Section 3, in accordance with the terms and conditions set forth herein and in
the Plan (the “Award”). To the extent that any provision of this Agreement conflicts with the expressly applicable terms of the Plan, you acknowledge and agree that those terms of the Plan shall control and, if necessary, the
applicable terms of this Agreement shall be deemed amended so as to carry out the purpose and intent of the Plan. Capitalized terms that are not otherwise defined in this Agreement shall have the meanings given to them in the Plan and/or in the
Executive Grant and Separation Agreement dated December 31, 2013 (the “Separation Agreement”). 
 2.
No Shareholder Rights. The Restricted Stock Units granted pursuant to this Agreement do not and shall not entitle you to any rights of a holder of Stock prior to the date shares of Stock are issued to you in settlement of the Award.
Your rights with respect to the Restricted Stock Units shall remain unsecured and unfunded at all times prior to the date on which such shares of Stock are issued pursuant to the schedule set forth in Section 6. 

  
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 3. Cash Dividend Rights; Dividend Unit Rights. In the event that the
Company declares and pays a dividend in respect of its outstanding shares of Stock and, on the record date for such dividend, you hold Restricted Stock Units granted pursuant to this Agreement that have not been settled, the Company shall pay to you
an amount in cash or additional restricted stock units equal to the cash or Stock dividends, as applicable, that you would have received if you were the holder of record, as of such record date, of the number of shares of Stock related to the
portion of your Restricted Stock Units that have not been settled as of such record date, such payment to be made on or promptly following the date that the Company pays such dividend (however, in no event shall the Cash Dividend Rights or Dividend
Unit Rights be paid later than thirty (30) days following the date on which the Company pays such dividend to its shareholders generally). To the extent any additional Restricted Stock Units are delivered pursuant to a Dividend Unit Right, such
additional Restricted Stock Units shall be subject to the payment schedule set forth below in Section 6. 
 4.
Restrictions. The Restricted Stock Units are restricted in that they may not be sold, transferred or otherwise alienated or hypothecated until these restrictions are removed or expire pursuant to the schedule set forth in
Section 6 of this Agreement and Stock is issued to you as described in Section 5 of this Agreement.  

5. Issuance of Stock. No shares of Stock shall be issued to you prior to the date on which the Restricted Stock
Units are scheduled to be settled in accordance with Section 6. After reaching a scheduled date pursuant to Section 6, the Company shall, promptly and within fifteen (15) days of such date, cause to be issued Stock registered in your
name in payment of such Restricted Stock Units upon receipt by the Company of any required tax withholding, as set forth in Section 7 hereof. The Company shall evidence the Stock to be issued in payment of the scheduled Restricted Stock Units
in the manner it deems appropriate. The value of any fractional Restricted Stock Units shall be rounded down at the time Stock is issued to you in connection with the Restricted Stock Units. No fractional shares of Stock, nor the cash value of any
fractional shares of Stock, will be issuable or payable to you pursuant to this Agreement. The value of such shares of Stock shall not bear any interest owing to the passage of time. Neither this Section 5 nor any action taken pursuant to or in
accordance with this Section 5 shall be construed to create a trust or a funded or secured obligation of any kind. 

6. Schedule of Settlement Payments. 

(a) The restrictions on all of the Restricted Stock Units granted pursuant to this Agreement will expire and Stock will become issuable with
respect to the Restricted Stock Units, as set forth in this Section 6 (which Stock will be transferable when issued, and nonforfeitable) on or subsequent to the applicable dates set forth in the following schedule: 

 

					
	 Total Number of Shares

underlying RSUs at Grant
	  	Number of Shares
available on 12/31/2014	 
	 43,257
	  	 	43,257	  

 (b) Notwithstanding the schedule set forth in (a) above, 

  
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 (i) if you die prior to the time at which you would otherwise become entitled to a payment of
the Stock with respect to your Restricted Stock Units, then the schedule set forth above shall be accelerated and 100% of all previously unpaid shares of Stock attributable to your Restricted Stock Units shall become due and payable as of the date
of your death, or 
 (ii) if a Change of Control occurs then the schedule set forth above shall be accelerated and 100% of all previously
unpaid shares of Stock attributable to your Restricted Stock Units shall become due and payable as of the date upon which such Change of Control occurs. 

(c) For purposes of this Agreement, “Change of Control” has the definition provided such term in the Plan with the following
language added as the last sentence:  
 Notwithstanding the foregoing, with respect to an Award that is subject to
Section 409A of the Code and with respect to which a Change of Control will accelerate payment, “Change of Control” shall mean an event that qualifies both as a “change of control” as defined in the Plan as well as a
“change of control event” as defined in the regulations and guidance issued under Section 409A of the Code 
 7.
Payment of Taxes. The Company may require you to pay to the Company (or a subsidiary of the Company’s if you are an employee of such entity), an amount the Company deems necessary to satisfy its (or its subsidiary’s) current
or future obligation to withhold federal, state or local income or other taxes that you incur as a result of the Award. With respect to any required tax withholding, you may (a) direct the Company to withhold from the shares of Stock to be
issued to you under this Agreement the number of shares necessary to satisfy the Company’s obligation to withhold taxes; which determination will be based on the shares’ Fair Market Value at the time such determination is made;
(b) deliver to the Company shares of Stock sufficient to satisfy the Company’s tax withholding obligations, based on the shares’ Fair Market Value at the time such determination is made; or (c) deliver cash to the Company
sufficient to satisfy its tax withholding obligations. If you desire to elect to use the stock withholding option described in subsection (a) of the foregoing sentence, you must make the election at the time and in the manner the Company
prescribes. 
 8. Compliance with Securities Law. Notwithstanding any provision of this Agreement to the contrary, the
issuance of Stock will be subject to compliance with all applicable requirements of federal, state, or foreign law with respect to such securities and with the requirements of any stock exchange or market system upon which the Stock may then be
listed. No Stock will be issued hereunder if such issuance would constitute a violation of any applicable federal, state, or foreign securities laws or other law or regulations or the requirements of any stock exchange or market system upon which
the Stock may then be listed. In addition, Stock will not be issued hereunder unless (a) a registration statement under the Securities Act is, at the time of issuance, in effect with respect to the shares issued or (b) in the opinion of
legal counsel to the Company, the shares issued may be issued in accordance with the terms of an applicable exemption from the registration requirements of the Securities Act. YOU ARE CAUTIONED THAT ISSUANCE OF STOCK IN SETTLEMENT OF RESTRICTED
STOCK UNITS GRANTED PURSUANT TO THIS AGREEMENT MAY NOT OCCUR UNLESS THE 

  
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FOREGOING CONDITIONS ARE SATISFIED. The inability of the Company to obtain from any regulatory body having jurisdiction the authority, if any, deemed by the Company’s legal counsel to be
necessary to the lawful issuance and sale of any shares subject to the Award will relieve the Company of any liability in respect of the failure to issue such shares as to which such requisite authority has not been obtained. As a condition to any
issuance hereunder, the Company may require you to satisfy any qualifications that may be necessary or appropriate to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect to such
compliance as may be requested by the Company. From time to time, the Board and appropriate officers of the Company are authorized to take the actions necessary and appropriate to file required documents with governmental authorities, stock
exchanges, and other appropriate persons to make shares of Stock available for issuance. 
 9. Clawback. Notwithstanding any
provisions in this Agreement to the contrary, any compensation, payments, or benefits provided hereunder (or profits realized from the sale of the Stock delivered hereunder), whether in the form of cash or otherwise, shall be subject to a clawback
to the extent necessary to comply with the requirements of any applicable law, including but not limited to, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, Section 304 of the Sarbanes Oxley Act of 2002, or any
regulations promulgated thereunder. 
 10. Legends. The Company may at any time place legends referencing any restrictions
imposed on the shares of Stock pursuant to this Agreement on all certificates representing shares of Stock issued with respect to this Award. 

11. Furnish Information. You agree to furnish to the Company all information requested by the Company to enable it to comply
with any reporting or other requirements imposed upon the Company by or under any applicable statute or regulation. 
 12. No
Liability for Good Faith Determinations. The Company and the members of the Board shall not be liable for any act, omission or determination taken or made in good faith with respect to this Agreement or the Restricted Stock Units granted
hereunder. 
 13. Execution of Receipts and Releases. Any payment of cash or any issuance or transfer of shares of Stock or
other property to you, or to your legal representative, heir, legatee or distributee, in accordance with the provisions hereof, shall, to the extent thereof, be in full satisfaction of all claims of such persons hereunder. The Company may require
you or your legal representative, heir, legatee or distributee, as a condition precedent to such payment or issuance, to execute a release and receipt therefor in such form as it shall determine. 

14. No Guarantee of Interests. The Board and the Company do not guarantee the Stock of the Company from loss or depreciation.

 15. Company Records. Records of the Company or any of its subsidiaries regarding your period of service, termination of
service and the reason(s) therefor, and other matters shall be conclusive for all purposes hereunder, unless determined by the Company to be incorrect. 

  
 - 14 - 

 16. Company Action. Any action required of the Company shall be by
resolution of the Board or by a committee, person or entity authorized to act by resolution of the Board. The existence of the Restricted Stock Units shall not affect in any way the right or power of the Board or the stockholders of the Company to
make or authorize any adjustment, recapitalization, reorganization, or other change in the Company’s capital structure or its business, any merger or consolidation of the Company, any issue of debt or equity securities, the dissolution or
liquidation of the Company or any sale, lease, exchange, or other disposition of all or any part of its assets or business, or any other corporate act or proceeding. 

17. Information Confidential. As partial consideration for the granting of the Award hereunder, you hereby agree to keep
confidential all information and knowledge, except that which has been disclosed in any public filings required by law, that you have relating to the terms and conditions of this Agreement; provided, however, that such information may be disclosed
as required by law and may be given in confidence to your spouse and tax and financial advisors. 
 18. Dispute Resolution.
Paragraph 12 of the Separation Agreement is incorporated in its entirety by reference herein. 
 19. Notice. Any notice to be
given to the Company hereunder shall be deemed sufficient if addressed to the Company in writing and delivered or mailed by certified or registered mail to its offices at One Ridgmar Centre, 6500 West Freeway, Suite 800, Fort Worth, Texas 76116, or
such other address as the Company may hereafter designate. Any notice to be given to Employee hereunder shall be delivered or mailed by certified or registered mail to: 901 Saddlebrook Drive Colleyville, Texas 76034, or such other address as
Employee may hereafter designate. 
 20. Waiver of Notice. Any person entitled to notice hereunder may waive such notice in
writing. 
 21. Successors. This Agreement shall be binding upon you, your legal representatives, heirs,
legatees and distributees, and upon the Company, its successors and assigns. In the event of any consolidation or merger of the Company into or with any other entity during the term of this Agreement, or the sale of all or substantially all of the
assets of the Company to another person or entity during the term of this Agreement, such successor person or entity shall assume this Agreement and become obligated to perform all of the terms and provisions hereof applicable to the Company, and
your obligations and restrictions hereunder shall continue in favor of such successor person or entity. 
 22.
Severability. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement. If any provision may be made enforceable by limitation, then
such provision shall be deemed so limited and shall be enforceable to the maximum extent permitted by applicable law. This Agreement will be binding upon and inure to the benefit of the parties’ respective successors, assigns, legal
representatives and heirs. 

  
 - 15 - 

 23. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original and all of which together shall be considered one and the same agreement. The delivery of this Agreement in the form of a clearly legible facsimile or electronically scanned version by e-mail
shall have the same force and effect as delivery of the originally executed document. 
 24. Headings. The
titles and headings of Sections are included for convenience of reference only and are not to be considered in construction of the provisions hereof. 

25. Governing Law; Venue. This Agreement shall be governed by the laws of the State of Texas, without regard to
its conflict-of-laws principles. You and the Company hereby irrevocably consent to the binding and exclusive venue for any Dispute between the parties arising out of or related to this Agreement being in the state or federal court of competent
jurisdiction that regularly conducts proceedings in Tarrant County, Texas. Nothing in this Agreement, however, precludes you or the Company from seeking to remove a civil action from any state court to federal court. The obligation of the Company to
sell and deliver Stock hereunder is subject to applicable laws and to the approval of any governmental authority required in connection with the authorization, issuance, sale, or delivery of such Stock.  

26. Amendment. This Agreement cannot be modified except by a written agreement signed by both parties and
specifically identified as an amendment to this Agreement. Notwithstanding the previous sentence, the Company may modify or amend this Agreement in its sole discretion at any time without your further consent in any manner necessary to comply with
applicable law and regulations or the listing or other requirements of any stock exchange upon which the Company is listed; provided, that such amendment is immaterial and would not cause a material reduction of
any benefits provided to you.  
 27. The Plan. This Agreement is subject to all the terms, conditions,
limitations and restrictions contained in the Plan. 
 28. Right to Consult a Tax Advisor. Notwithstanding any
contrary provision in this Agreement, you shall be solely responsible for any risk that the tax treatment of all or part of any payments provided by this Agreement may be affected by Section 409A, which may impose significant adverse tax
consequences on you, including accelerated taxation, a 20% additional tax, and interest. Because of the potential tax consequences, you have the right, and are encouraged by this paragraph, to consult with a tax advisor of your choice before signing
this Agreement. 
 [Remainder of page intentionally left blank] 

  
 - 16 - 

 By your signature and the signature of the Company’s representative below, you and the
Company hereby acknowledge receipt of the Restricted Stock Units issued on the date set forth below, which have been granted under the terms and conditions contained herein and in the Plan. 

You acknowledge and agree that (a) you are not relying upon any written or oral statement or representation of the Company, its
affiliates, or any of their respective employees, directors, officers, attorneys or agents (collectively, the “Company Parties”) regarding the tax effects associated with your execution of this Agreement and your receipt and holding
of and the vesting of the Restricted Stock Units, and (b) in deciding to enter into this Agreement, you are relying on your own judgment and the judgment of the professionals of your choice with whom you have consulted. You hereby release,
acquit and forever discharge the Company Parties from all actions, causes of actions, suits, debts, obligations, liabilities, claims, damages, losses, costs and expenses of any nature whatsoever, known or unknown, on account of, arising out of, or
in any way related to the tax effects associated with your execution of the Agreement and your receipt and holding of and the settlement of the Restricted Stock Units. 

You further acknowledge receipt of a copy of the Plan and agree to all of the terms and conditions of the Plan which are incorporated herein
by reference. 
 APPROACH RESOURCES INC., 
 a Delaware
Corporation 
  

			
	By:	 	  

	Name:	 	J. Ross Craft
	Title:	 	President and CEO

 Accepted by: 
  

	
	  

	Steven. P. Smart

 Date: December 31, 2013 

Attachments: Approach Resources Inc. 2007 Stock Incentive Plan, as amended 

  
 - 17 -EX-10.37

 Exhibit 10.37 
  

	*	THE COMPANY HAS REQUESTED AN ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE “COMMISSION”) PURSUANT TO RULE 24B-2 OF THE SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, GRANTING CONFIDENTIAL TREATMENT
TO SELECTED PORTIONS. ACCORDINGLY, THE CONFIDENTIAL PORTIONS HAVE BEEN OMITTED FROM THIS EXHIBIT AND HAVE BEEN FILED SEPARATELY WITH THE COMMISSION. OMITTED PORTIONS ARE INDICATED BY “[REDACTED]*”. 

EXECUTION VERSION 

AMENDMENT NO. 1 
 TO

 CRUDE OIL PURCHASE AGREEMENT 

This FIRST AMENDMENT TO CRUDE OIL PURCHASE AGREEMENT (this “Amendment”) is dated as of October 7, 2013, by and among
Approach Operating, LLC, a Delaware limited liability company “(AOL”), Approach Oil & Gas Inc., a Delaware corporation (“AOG”) and Approach Resources I, LP (“AR I”; and AOG, AOL and AR I
together are collectively referred to herein as, “Approach”), and Wildcat Permian Services LLC, a Texas limited liability company (“Wildcat”). JP Energy Development LP, a Delaware limited partnership
(“JPE”) also joins in the execution hereof for the purposes set forth herein. Terms used but not defined herein shall have the meanings ascribed to such terms in that certain Crude Oil Purchase Agreement effective as of
September 12, 2012, by and among AOL, AOG and Wildcat (the “Original Agreement”). 
 RECITALS 

WHEREAS, AOL, AOG and Wildcat are parties to the Original Agreement; 

WHEREAS, reference is made to that certain Equity Purchase Agreement dated September 18, 2013 by and among Wildcat, JPE, JP Energy
Gathering, LLC (an affiliate of JPE), Approach Midstream Holdings LLC and the other parties thereto (the “EPA”); 

WHEREAS, (i) JPE will directly and indirectly derive a substantial benefit by the consummation of the transactions contemplated by the
EPA, as well as by the Original Agreement as amended by this Amendment, (ii) this Amendment is being executed and delivered in connection with (and as a condition to) the consummation of the transactions contemplated in the EPA, (iii) JPE
is joining in the execution of this Amendment to evidence its agreement to unconditionally guaranty all of the obligations and liabilities of Wildcat arising on or after the date of the closing(s) under the EPA under the Original Agreement, as
amended by this Amendment (including, without limitation, the additional construction and transportation obligations set forth herein), as more particularly described in Section 1.5 of this Amendment and Exhibit “G”
attached hereto, and (iv) Approach would not have agreed to enter into this Amendment but for the agreement of JPE to provide such guaranty; 

WHEREAS, Approach and Wildcat wish to amend the Original Agreement to (i) modify the transportation and marketing fee,
(ii) [REDACTED]*, (iii) add a [REDACTED]* pipeline loss allowance, (iv) amend the Dedicated Area, and (v) otherwise clarify the rights and obligations of Approach and Wildcat as they relate to future development
within the Dedicated Area, all as set forth herein; and 
 WHEREAS, Approach and Wildcat are each willing to enter into this Amendment and
amend the Original Agreement as set forth herein, in each case subject to the terms and conditions contained herein. 

 NOW THEREFORE, in consideration of the premises and mutual covenants herein contained, together
with other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound hereby, the parties hereby agree as follows: 

SECTION 1. Amendments to the Original Agreement. The Original Agreement shall be amended as of the date hereof in the manner
provided in this Section 1. 
 1.1 Section 3.1. Section 3.1 is hereby amended and restated in its
entirety to read as follows: 
  

	 	“3.1	An amount equal to the actual crude oil produced (“Dedicated Oil”) from rights, titles and interests (“Dedicated Interests”) that are owned by Approach (together with the crude
oil Approach has the right to control and dispose of) from all or any portion of Approach’s Crockett County, Texas and Schleicher County, Texas acreage that is shaded and cross-hatched as set forth on Exhibit “D”
attached hereto and made a part hereof (the “Dedicated Area”); provided that (i) Approach shall designate to Wildcat the monthly volume(s) of crude oil which Approach desires Wildcat to cause to be designated as committed
volumes under any applicable third-party contract approved by Approach pursuant to which Wildcat will sell Dedicated Oil (a “TP CPA”), which contemplates such committed volumes, from time to time at such times as such committed
volumes are to be designated under each such TP CPA (such amount designated by Approach and accepted by the purchaser under a TP CPA from time to time, the “Committed Volume”), (ii) on or before the 10th day of each month, Approach shall designate to Wildcat the volumes of crude oil Approach desires Wildcat to schedule for delivery in the next succeeding month, if applicable, which shall not be less
than the Committed Volume(s) previously designated for such month (the “Nominated Amount”) and (iii) Wildcat shall be obligated (and hereby agrees to) to purchase and receive from Approach the Nominated Amount, subject to the
provisions of Sections 3.3 and 12 below; provided, however, that Wildcat shall not be obligated to purchase from Approach volumes of crude oil during any month in excess of the Committed Volume for such month except to the extent the designated
purchaser has available capacity to take delivery of such excess amounts at the delivery point under the applicable TP CPA (a “TP Purchaser”).” 

1.2 Section 6. Section 6 of the Original Agreement shall be deleted in its entirety and replaced with the following
provision: 
  

	 	 6.	PAYMENT: 

 On or before the fifth
(5th ) business day of the month following the month of delivery, Wildcat shall deliver to Approach a written statement (each a “Monthly Statement”), certifying: (i) the
gross volume (in barrels) of crude oil delivered by Approach to Wildcat in the immediately prior month, (ii) any adjustments to the gross volume (in barrels) of such delivered crude oil permitted under Section 9 of this Agreement or
permitted under Section 3 of Exhibit “C” hereto, and (iii) an accounting of the actual prices received for crude by Wildcat. Wildcat shall pay Approach for all crude oil volumes delivered by wire transfer of
immediately available funds on or before the twenty-fifth (25th) day of the month following the month of delivery. Approach shall 

  
 2 

 
have the right to object to the items included in any Monthly Statement, but failure to object prior to the applicable payment date shall in no way waive or release any audit rights of Approach
under Section 2 of Exhibit “C” hereto, nor any remedies that Approach may have under this Agreement, in equity or under applicable law. In the event the payment due date falls on a Sunday or bank holiday, payment shall
be due on the following business day. 
 1.3 Section 7. Section 7 of the Original Agreement shall be deleted in its
entirety and replaced with the following provision: 
  

	 	 7.	PAYMENT SECURITY: 

 All proceeds received by Wildcat from the purchaser of any of the
Dedicated Oil purchased by Wildcat under this Agreement will be delivered by such purchaser (and Wildcat shall direct and cause such purchaser to pay and deposit directly) into an account of Wildcat established with Bank of America, National
Association, with Wildcat as the sole signatory thereon (the “BofA Account”), which will be used solely to receive such proceeds and distribute such proceeds to Approach in accordance with Sections 5 and 6 of this Agreement. All
monies held in the BofA Account shall be deemed to be Wildcat funds until distributed in accordance with Sections 5 and 6. 
 1.4
Section 8. Section 8 of the Original Agreement shall be deleted in its entirety and replaced with the following provision: 
  

	 	 8.	RECORDING MEMORANDUMS: 

 Approach agrees to execute and deliver a memorandum in the form
attached hereto as Exhibit “E” for Crockett County and Exhibit “F” for Schleicher County to Wildcat for recording in the real property records of each county in which any portion of the Dedicated Area
is located in order to evidence the “Dedication” provision in Exhibit “B” to this Agreement. 
 1.5
New Section 9 – Pipeline Loss Allowance. A new Section 9 shall be added to the Original Agreement, which shall read in its entirety as follows: 
  

	 	 9.	PIPELINE LOSS ALLOWANCE: 

 [REDACTED]* of the quantities of crude oil sold and
delivered under the Original Agreement at the initial receipt points on Wildcat’s crude oil pipeline system shall be deducted from said quantities for purposes of calculating the quantity purchased by Wildcat from Approach (the
“Pipeline Loss Allowance”). 
 1.6 New Section 10 – Rights and Options for Construction of Additional
Infrastructure. A new Section 10 shall be added to the Original Agreement, which shall read in its entirety as follows: 

  
 3 

	 	10.	CONSTRUCTION OF ADDITIONAL INFRASTRUCTURE. 

 Pre-Construction Build Out for the Baker
Acreage 
 Wildcat shall extend the Initial Facilities and construct additional pipelines, gathering lines, pumps, terminals, equipment
and related connection facilities, equipment and other personal property and fixtures (“Connection Facilities”) that are necessary to connect the Approach designated central production facility constructed or to be constructed by
Approach (“CPF”) (and receive into the Initial Facilities all of the production delivered by Approach from such CPF) located on (or allocable to) the Dedicated Interests known as the “Baker Leases,” as such area is
specified in Exhibit “D” attached hereto (“Baker Lease Gathering Line”). If Wildcat fails to complete construction, installation and connection of the Baker Lease Gathering Line within [REDACTED]*
following date of closing under the EPA, then Wildcat shall provide trucking services to Approach to the Midway trucking terminal or such other mutually-agreed delivery point [REDACTED]* for all for all Dedicated Oil produced from any
wells located on (or allocable to) the Baker Leases for a period of the sooner of [REDACTED]*. Notwithstanding the foregoing, if at the end of such [REDACTED]* period, Wildcat still has not built and completed the Baker Lease Gathering
Line sufficient to receive all of such production, and actually connected the same to Approach’s designated CPF located on (or allocable to) the Baker Leases, then the Baker Leases, without further action or notice by or to any party,
automatically shall be deemed released from dedication (and Wildcat shall execute and deliver such instruments, agreements and documentation as reasonably requested by Approach to further evidence this release from dedication (including, without
limitation, (1) an amendment to this Agreement to reflect such release, and (2) an amendment to the Memorandum of Dedicated Area described in Section 8 above, to reflect such release), and Approach shall owe no further duty or
obligation to Wildcat with regard to such released acreage. 
 [REDACTED]*. 

Wildcat will construct and install the Baker Lease Gathering Line under the terms of a mutually agreed Authorization for Expenditure for the
Baker Lease Gathering Line agreed to by Approach and Wildcat. 
 Notwithstanding the foregoing, the time frame for commencing, pursuing and
completing the construction and installation of the Baker Lease Gathering Line shall be extended by the number of days in any applicable force majeure period that occurs during the construction phase (subject to the limitations regarding force
majeure set forth in Exhibit “C”). 

  
 4 

 Construction at Approach’s Option (Prior to a Construction Trigger) 

In the event that Approach desires that Wildcat construct Connection Facilities that are necessary to receive Dedicated Oil prior to
the occurrence of a Construction Trigger (as defined below), Approach shall provide notice to Wildcat of same (the “Approach Request”), and the parties shall have 30 days following delivery of such notice to review the scope of the
project and to agree upon a budget to form the basis of the “Capital Recovery Rate” as provided below. 
 Upon the completion of
such 30 day review period, Wildcat shall either (i) provide Approach with a notice of Wildcat’s acceptance (the “Acceptance Notice”) to immediately commence construction and thereafter diligently pursue to completion the
construction of such Connection Facilities (and the extension of the Initial Facilities) (the “Requested Connection Facilities”), or (ii) provide notice to Approach that Wildcat declines (“Decline Notice”) to
construct such Requested Connection Facilities. If Wildcat provides Acceptance Notice and fails to complete construction of such Requested Connection Facilities within one hundred twenty (120) days following delivery of its Acceptance Notice),
then Wildcat shall provide trucking services to Approach at [REDACTED]* for all oil production produced from the CPF or any wells located within the area specified by the Approach Notice for a period of the sooner of (A) twelve
(12) months from the date of the Acceptance Notice, or (B) the date Wildcat completes the Requested Connection Facilities and connects to the designated CPF in the area specified by the Approach Request. 

The Requested Connection Facilities to be constructed by Wildcat, will connect to the designated CPF. Upon completion of the Requested
Connection Facilities to the applicable CPF, and during the continuing operation of the Requested Connection Facilities, [REDACTED]*. 

Notwithstanding the foregoing, the time frame for completing the construction and installation of the Requested Connection Facilities above
shall be extended by the number of days in any applicable force majeure period that occurs during the construction phase (subject to the limitations regarding force majeure set forth in Exhibit “C”). 

The failure by Wildcat to timely deliver either an Acceptance Notice or a Decline Notice within the 30-day period specified above shall be
deemed to be, for purposes hereof, an election by Wildcat to deliver a Decline Notice (and the following provisions shall apply with regard thereto). If Wildcat delivers a Decline Notice with respect to the Approach Request, Wildcat shall provide
trucking services to Midway trucking terminal or other mutually-agreed delivery point at [REDACTED]* for all oil production produced from any wells connected to a CPF and located within a five (5) mile radius of the CPF that is the
subject of such Approach Request, for twelve (12) months from the date of the Decline Notice. 

  
 5 

 Following the construction and installation of the Requested Connection Facilities, and during
the continuing operation of the Requested Connection Facilities, Approach shall pay [REDACTED]*. 
 Construction After the
Occurrence of a Construction Trigger 
 At any time during the Term, Approach shall give written notice to Wildcat whenever its
aggregate crude oil production from two (2) or more wells (not already connected to a CPF that is already connected to the Initial Facilities) within a five (5) mile radius of a CPF has averaged in the aggregate at least [REDACTED]*
barrels of crude oil production per day for a period of at least 45 consecutive days (the “Construction Trigger”). 
 Upon
the occurrence of a Construction Trigger and delivery of such notice (together with a copy of Approach’s internal production volume reports, confirming such Construction Trigger), the parties shall have 30 days to review the scope of the
project. Upon the completion of such 30 day period, Wildcat shall either (i) provide Approach with an Acceptance Notice to immediately commence construction to extend the Initial Facilities and construct and install, at Wildcat’s sole cost
and expense, such additional Connection Facilities, that are necessary to connect and receive all of the production specified in the Construction Trigger notice into the Initial Facilities (the “Trigger Gathering Line”), or
(ii) provide a Decline Notice to Approach declining to construct such Trigger Gathering Line. If Wildcat provides an Acceptance Notice and fails to complete construction of such Trigger Gathering Line within one hundred twenty (120) days
following delivery of its Acceptance Notice), then Wildcat shall provide trucking services to the Midway trucking terminal or such other mutually-agreed delivery point [REDACTED]* for all oil production produced from any wells located within
the area specified by the Construction Trigger for a period of the sooner of (A) twelve (12) months from the date of the Acceptance Notice, or (B) the date Wildcat completes the Trigger Gathering Line and connects to the designated
CPF in the area specified by the Construction Trigger. Notwithstanding the foregoing, if at the end of the twelve month period described in subpart (A) above, Wildcat still has not built and completed the Trigger Gathering Line sufficient to
receive all of such production, and actually connected the same to Approach’s designated CPF specified in the Construction Trigger, then the Trigger Release Area (defined below), without further action or notice by or to any party,
automatically shall be deemed released from dedication (and Wildcat shall execute and deliver such instruments, agreements and documentation as reasonably requested by Approach to further evidence this release from dedication (including, without
limitation, (1) an amendment to this Agreement to reflect such release, and (2) an amendment to the Memorandum of Dedicated Area described in Section 8 above, to reflect such release), and Approach shall owe no further duty or
obligation to Wildcat with regard to such released acreage. 

  
 6 

 “Trigger Release Area” shall be defined to include the Dedicated Area located
within a five-mile radius of the applicable or proposed CPF for the proposed Trigger Gathering Line, save and except that in no event during the Term of this Agreement (and subject to Section 1.3 of the Original Agreement) shall there be
released from dedication under this paragraph in connection with a Trigger Gathering Line of (i) all or any portion of the approximately 40,000 acres subject to dedication under the Original Agreement (other than a release or termination
described in the other provisions of the Original Agreement and other than with regard to the Block 45 Area, as described in subpart (b) below), or (ii) the approximately 10,000 acres constituting the Baker Lease (other than as described
in subpart (a) below, and other than a release or termination described in the other provisions of the Original Agreement); provided, however, that (a) the approximately 10,000 acres of the Baker Lease shall be subject to dedication
release and included in the Trigger Release Area, but only as provided above for Wildcat’s failure to perform its obligations with respect to the Baker Lease Gathering Line, and such default results in a forfeiture and release of the Baker
Leases, as provided above; and (b) the acreage included in Block 45 south extension area more particularly described on Exhibit “D” attached hereto (the “Block 45 Area”) shall be subject to dedication
release and included in the Trigger Release Area, but only to the extent that a Construction Trigger occurs for such Block 45 Area and Wildcat (x) provides a Decline Notice; or (y) provides an Acceptance Notice, but after delivering such
notice fails to perform and complete the Requested Connection Facilities for the Block 45 Area within the deadlines and the other terms and conditions provided for Requested Connection Facilities, thereby resulting in a forfeiture and release of the
Block 45 Area, as applicable. 
 Notwithstanding the foregoing, the time frame for completing the construction and installation of the
Trigger Gathering Lines above shall be extended by the number of days in any applicable force majeure period that occurs during the construction phase (subject to the limitations regarding force majeure set forth in Exhibit
“C”). 
 The failure by Wildcat to timely deliver either an Acceptance Notice or a Decline Notice within the 30-day period
specified above shall be deemed to be, for purposes hereof, an election by Wildcat to deliver a Decline Notice (and the following provisions shall apply with regard thereto). If Wildcat delivers a Decline Notice with respect to the Construction
Trigger, then (i) Wildcat shall provide trucking services to the Midway trucking terminal or such other mutually-agreed delivery point [REDACTED]* for all oil production produced from any wells connected to a CPF and located within a
five (5) mile radius of the CPF that is the subject of such Construction Trigger, for up to twelve (12) months from the date of the Decline Notice, and (ii) the Trigger Release 

  
 7 

 
Area, without further action or notice by or to any party, automatically shall be deemed released from dedication (and Wildcat shall execute and deliver such instruments, agreements and
documentation as reasonably requested by Approach to further evidence this release from dedication (including, without limitation, (1) an amendment to this Agreement to reflect such release, and (2) an amendment to the Memorandum of
Dedicated Area described in Section 8 above, to reflect such release), and Approach shall owe no further duty or obligation to Wildcat with regard to such released acreage. 

1.7 New Section 11. A new Section 11 is hereby added to the Original Agreement, which shall read as follows: 

11. JPE GUARANTY. As a condition precedent to Approach’s obligations hereunder, (i) JPE joins in this
Agreement to evidence its agreement to unconditionally guaranty the payment, performance and satisfaction of all of the obligations and liabilities of Wildcat under the Original Agreement, as amended by this Amendment, and to the extent arising on
or after the date of the closing(s) under the EPA, as applicable (including, without limitation, the additional construction and transportation obligations set forth herein), and (ii) contemporaneous with the execution and delivery of this
Amendment, JPE agrees to execute and deliver to Approach a Guaranty Agreement, in substantially the form attached hereto as Exhibit “G”. 

1.8 New Section 12. A new Section 12 is hereby added to the Original Agreement, which shall read as follows: 

12. PREFERENCE ON PIPELINE CAPACITY; LOCATION OF CPFS. 

Wildcat hereby grants to Approach the right of first priority and a first preference for crude oil capacity on (and rights to
have its Dedicated Oil gathered or transported across) the Initial Facilities, as well as any extension and additions to the Initial Facilities, together with any other pipelines, gathering lines, lateral lines or related facilities owned or
operated by Wildcat or its affiliates located in the Dedicated Area (collectively, the “Facilities”) for any and all Dedicated Oil delivered by Approach under this Agreement; and to the extent Wildcat is then accepting crude oil
owned or controlled by any person or entity other than Approach for purchase, transportation or gathering across the Facilities (“Non-Approach Crude”), Wildcat shall curtail such volumes of Non-Approach Crude as may be necessary for
Wildcat to accept and receive all volumes of Dedicated Oil delivered by Approach under this Agreement. If for any reason (other than as may be excused by force majeure, as provided in this Agreement), Wildcat is unable or unwilling to accept any
volumes of Dedicated Oil made available by Approach, then Wildcat shall provide trucking services at the lower of [REDACTED]* for all such Dedicated Oil that Wildcat fails or refuses to take, and such trucking services shall be
Approach’s sole and exclusive remedy with regard to the breach of the priority and preference covenants set forth in this Section 12. If, however, during any temporary period of inspection, repair or maintenance Wildcat is unable to accept
any volumes of Dedicated Oil made available by Approach from a CPF that is connected to the Facilities, then Wildcat shall provide trucking services until such time as service is restored. 

  
 8 

 Notwithstanding anything stated in this Agreement to the contrary, Approach shall
have the exclusive right and discretion with regard to establishing the locations of any CPF for the Dedicated Oil within the Dedicated Area. 

For the sake of clarity, to the extent that Wildcat breaches its trucking service, priority and preference with regard to
Facility Capacity, or release obligations contemplated or set forth in this Agreement, the same shall be construed as a “material” breach or default of its obligations under this Agreement by Wildcat, including, without limitation, for
purposes of the provisions set forth in Section 10 of Exhibit “C” attached hereto. 
 1.9 New
Section 13. A new Section 13 is hereby added to the Original Agreement, which shall read as follows: 

13. SALE OF CRUDE OIL THAT IS TRUCKED. 

Notwithstanding the provisions of Section 4 and Section 5 above, and notwithstanding the provisions of Exhibit
A and Section 6 of Exhibit C attached hereto, when Wildcat provides the trucking services to Approach contemplated under this Agreement, then: (i) the Receipt Point for all Dedicated Oil trucked shall be deemed to be
the inlet flange on the delivery truck used to receive and transport such Dedicated Oil (and title to, and risk of loss of, such crude oil shall be deemed to pass at to Wildcat at such point), and (ii) the trucking costs paid by Approach in
accordance with the terms of such provisions of this Agreement, unless otherwise specified herein, shall be the equivalent of the [REDACTED]*. 

1.10 Exhibit A – Pricing Detail. Paragraphs A and B to Exhibit A to the Original Agreement are hereby and
restated in their entirety, to read as follows (and new Paragraph C below is hereby added to Exhibit A to the Original Agreement): 
  

	 	A.	[REDACTED]*. 

  

	 	B.	[REDACTED]*. 

  

	 	C.	Notwithstanding anything stated herein to the contrary, with regard to any barrels received by Wildcat which are not sold by Wildcat during the same month of delivery under a TP CPA approved by Approach, Wildcat shall
pay to Approach [REDACTED]*. 

 1.11 [REDACTED]*. 

1.12 Exhibit D – Dedicated Acreage. The acreage dedication map shown on Exhibit “D” to the Original
Agreement shall be deleted and replace the map in its entirety with the map attached hereto as Exhibit “D”. 

1.13 New Exhibits. The Original Agreement is hereby amended to add new Exhibit “E” through Exhibit
“G” attached hereto. 

  
 9 

 SECTION 2. Miscellaneous. 

2.1. Reaffirmation of Original Agreement. All of the terms and provisions of the Original Agreement shall, except
as amended and modified by this Amendment (and, for the sake of clarity, in the event of any conflict between the terms and provisions of the Original Agreement and the terms and provisions of this Amendment, the terms and provisions of this
Amendment shall govern and control), remain in full force and effect and are hereby ratified and affirmed. 
 2.2.
Counterparts. This Amendment may be executed in counterparts, and all parties need not execute the same counterpart. Facsimiles or other electronic transmission (e.g., pdf) will be effective as originals. 

2.3. Headings. The headings, captions, and arrangements used in this Amendment are, unless specified otherwise,
for convenience only and will not be deemed to limit, amplify, or modify the terms of this Amendment, nor affect the meaning thereof. 

2.4. Governing Law. This Amendment shall be governed by and construed in accordance with the internal laws (and
not the law of conflicts) of the State of Texas. 
 [Signature page follows] 

  
 10 

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

			
	WILDCAT PERMIAN SERVICES LLC
		
	By:	 	 /s/ Chris D. Rozzell

	Name:	 	Chris D. Rozzell
	Title:	 	Executive Vice President
	
	APPROACH OIL & GAS INC.
		
	By:	 	 /s/ J. Ross Craft

	Name:	 	J. Ross Craft
	Title:	 	President and Chief Executive Officer
	
	APPROACH OPERATING, LLC
		
	By:	 	 /s/ J. Ross Craft

	Name:	 	J. Ross Craft
	Title:	 	President and Chief Executive Officer
	
	APPROACH RESOURCES I, LP
	By: Approach Operating, LLC, its general partner
		
	By:	 	 /s/ J. Ross Craft

	Name:	 	J. Ross Craft
	Title:	 	President and Chief Executive Officer

 JPE joins in the execution of this Amendment for the purposes herein expressed: 

 

			
	JP ENERGY DEVELOPMENT LP
	By: JP Energy Development GP LLC, its general partner
		
	By:	 	 /s/ J. Patrick Barley

	Name:	 	J. Patrick Barley
	Title:	 	Chief Executive Officer

 [Signature Page to Amendment No. 1 to Crude Oil Purchase Agreement] 

 EXHIBIT E 

FORM OF MEMORANDUM OF DEDICATION 

NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT
TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER’S LICENSE NUMBER. 
  

					
	 After recordation, return to:

 
 Wildcat Permian Services LLC

 

                     
         
 Attn.: Land Department

 
	 	 	 	 Reserved For Recording Information

 

 MEMORANDUM OF DEDICATION 

AND CRUDE OIL PURCHASE AGREEMENT 
  

					
	 STATE OF TEXAS
	 	§	  	
		 	§	  	        KNOW ALL MEN BY THESE PRESENTS THAT:
	 COUNTY OF CROCKETT
	 	§	  	

 For good and valuable consideration, Approach Operating, LLC, a Delaware limited liability company
(“AOL”) and Approach Oil & Gas Inc., a Delaware corporation (“AOG”; and AOL and AOG are collectively referred to herein as “Approach”), each with offices at 6500 W. Freeway, Suite 800, Fort
Worth Texas 76116, have entered into that certain Crude Oil Purchase Agreement dated as of September 12, 2012 (as amended, the “Wildcat Agreement”) with Wildcat Permian Services LLC, a Texas limited liability company
(“Wildcat”), with offices at 8333 Douglas Ave., Suite 300, Dallas, TX 75229, whereby, subject to the terms, conditions and release provisions contained in the Wildcat Agreement, Approach has committed, dedicated and agreed to sell
to Wildcat, and Wildcat has agreed to purchase and receive, all crude oil owned or controlled by Approach in the Dedicated Area (as defined therein). The term of the Wildcat Agreement commenced on September 12, 2012 (the “Effective
Date”) and subject to the earlier termination or release thereof, in whole or in part, under the terms of the Wildcat Agreement (as described therein), the dedication covered thereby was for a term of ten (10) years after the Effective
Date (unless there is a sooner (A) termination, cancellation, or expiration of the oil, gas and mineral lease, participating mineral interest or agreement from which such dedicated interests derived, or (B) release of acreage and crude oil
from dedication, in accordance with the terms of the Wildcat Agreement). 
 The parties to the Wildcat Agreement have now entered into that
certain Amendment No. 1 to Crude Oil Purchase Agreement dated as of                     , 2013 (the “Amendment”), pursuant to
which, among other things, the parties agreed to expand the dedicated area to include Approach’s rights, titles and interests in and to those oil and gas interests owned or controlled by Approach on or allocated to the lands in Crockett County,
Texas that are shaded and cross-hatched in Exhibit “A” attached hereto and incorporated herein (“Amended Dedication”), and to provide for certain commitments, obligations and liabilities, including, without
limitation, (i) additional priority rights to capacity for Approach on Wildcat’s pipelines and gathering lines, and (ii) additional pipeline construction, installation related obligations of Wildcat. Approach Resources I, LP and JP
Energy Development LP also joined in the execution of the Amendment. 
 Exhibit E to Crude Oil Purchase Agreement 

  
 1 

 This Memorandum is placed on record for the purpose of (i) giving notice of the Wildcat
Agreement, as amended by the Amendment, (ii) giving notice of certain additional commitments, obligations, liabilities of the parties under the Amendment, and (iii) giving notice of the Amended Dedication (subject to the terms, conditions
and release provisions of the Wildcat Agreement, as amended by the Amendment, providing for the terms of such dedication and the conditions for the expiration, termination, cancellation or release of such dedication). In the event the Wildcat
Agreement (as amended by the Amendment) terminates or acreage (and crude oil) is released from dedication, whether in whole or in part, in accordance with its terms, Wildcat shall promptly provide to Approach an executed, written notification and
memorandum in recordable form evidencing that the Dedication is no longer in force as to such terminated agreement (as to the entire Wildcat Agreement), or termination or release of any portion of the acreage dedicated from dedication, and,
accordingly, this Memorandum will no longer have any force or effect with regard thereto. 
 IN WITNESS WHEREOF, Approach and Wildcat have
executed this Memorandum as of the date set forth below to be effective for all purposes as provided herein. 
  

									
		 		 		 	Approach Operating, LLC
				
	Wildcat Permian Services, LLC	 		 	By:	 	  

		 		 		 	Name:	 	  

		 		 		 	Title:	 	  

	By:	 	  
	 		 	Date:	 	  

	Name:	 	  
	 		 		 	
	Title:	 	  
	 		 	Approach Resources I, LP
	Date:	 	  
	 		 	By: Approach Operating, LLC, its general partner
					
		 		 		 	By:	 	  

		 		 		 	Name:	 	  

		 		 		 	Title:	 	  

		 		 		 	Date:	 	  

			
	Approach Oil & Gas Inc.	 		 	JP Energy Development LP
		 		 		 	By: JP Energy Development GP LLC, its
	By:	 	  
	 		 	General Partner
	Name:	 	  
	 		 		 	
	Title:	 	  
	 		 	By:	 	  

	Date:	 	  
	 		 	Name:	 	  

		 		 		 	Title:	 	  

		 		 		 	Date:	 	  

  
 Exhibit E to Crude Oil
Purchase Agreement 
 2 

 Exhibit A to 

MEMORANDUM OF DEDICATION 

AND CRUDE OIL PURCHASE AGREEMENT 

Amended Dedicated Area 

(See Attached) 

  
 Exhibit E to Crude Oil
Purchase Agreement 
 A-1 

 EXHIBIT F 

FORM OF MEMORANDUM OF DEDICATION 

NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT
TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER’S LICENSE NUMBER. 
  

					
	 After recordation, return to:

 
 Wildcat Permian Services LLC

 

                     
         
 Attn.: Land Department

 
	 	 	 	 Reserved For Recording Information

 

 MEMORANDUM OF DEDICATION 

AND CRUDE OIL PURCHASE AGREEMENT 
  

					
	 STATE OF TEXAS
	 	§	  	
		 	§	  	        KNOW ALL MEN BY THESE PRESENTS THAT:
	 COUNTY OF SCHLEICHER
	 	§	  	

 For good and valuable consideration, Approach Operating, LLC, a Delaware limited liability company
(“AOL”) and Approach Oil & Gas Inc., a Delaware corporation (“AOG”; and AOL and AOG are collectively referred to herein as “Approach”), each with offices at 6500 W. Freeway, Suite 800, Fort
Worth Texas 76116, have entered into that certain Crude Oil Purchase Agreement dated as of September 12, 2012 (as amended, the “Wildcat Agreement”) with Wildcat Permian Services LLC, a Texas limited liability company
(“Wildcat”), with offices at 8333 Douglas Ave., Suite 300, Dallas, TX 75229, whereby, subject to the terms, conditions and release provisions contained in the Wildcat Agreement, Approach has committed, dedicated and agreed to sell
to Wildcat, and Wildcat has agreed to purchase and receive, all crude oil owned or controlled by Approach in the Dedicated Area (as defined therein). The term of the Wildcat Agreement commenced on September 12, 2012 (the “Effective
Date”) and subject to the earlier termination or release thereof, in whole or in part, under the terms of the Wildcat Agreement (as described therein), the dedication covered thereby was for a term of ten (10) years after the Effective
Date (unless there is a sooner (A) termination, cancellation, or expiration of the oil, gas and mineral lease, participating mineral interest or agreement from which such dedicated interests derived, or (B) release of acreage and crude oil
from dedication, in accordance with the terms of the Wildcat Agreement). 
 The parties to the Wildcat Agreement have now entered into that
certain Amendment No. 1 to Crude Oil Purchase Agreement dated as of                     , 2013 (the “Amendment”), pursuant to
which, among other things, the parties agreed to expand the dedicated area to include Approach’s rights, titles and interests in and to those oil and gas interests owned or controlled by Approach on or allocated to the lands in Schleicher
County, Texas that are shaded and cross-hatched in Exhibit “A” attached hereto and incorporated herein (“Amended Dedication”), and to provide for certain commitments, obligations and liabilities, including, without
limitation, (i) additional priority rights to capacity for Approach on Wildcat’s pipelines and gathering lines, and (ii) additional pipeline construction, installation related obligations of Wildcat. Approach Resources I, LP and JP
Energy Development LP also joined in the execution of the Amendment. 

  
 Exhibit F to Crude Oil
Purchase Agreement 
 1 

 This Memorandum is placed on record for the purpose of (i) giving notice of the Wildcat
Agreement, as amended by the Amendment, (ii) giving notice of certain additional commitments, obligations, liabilities of the parties under the Amendment, and (iii) giving notice of the Amended Dedication (subject to the terms, conditions
and release provisions of the Wildcat Agreement, as amended by the Amendment, providing for the terms of such dedication and the conditions for the expiration, termination, cancellation or release of such dedication). In the event the Wildcat
Agreement (as amended by the Amendment) terminates or acreage (and crude oil) is released from dedication, whether in whole or in part, in accordance with its terms, Wildcat shall promptly provide to Approach an executed, written notification and
memorandum in recordable form evidencing that the Dedication is no longer in force as to such terminated agreement (as to the entire Wildcat Agreement), or termination or release of any portion of the acreage dedicated from dedication, and,
accordingly, this Memorandum will no longer have any force or effect with regard thereto. 
 IN WITNESS WHEREOF, Approach and Wildcat have
executed this Memorandum as of the date set forth below to be effective for all purposes as provided herein. 
  

									
	Wildcat Permian Services, LLC	 		 	Approach Operating, LLC
					
	By:	 	  
	 		 	By:	 	  

	Name:	 	  
	 		 	Name:	 	  

	Title:	 	  
	 		 	Title:	 	  

	Date:	 	  
	 		 	Date:	 	  

				
		 		 		 	Approach Resources I, LP
		 		 		 	By: Approach Operating, LLC, its general partner
					
		 		 		 	By:	 	  

		 		 		 	Name:	 	  

		 		 		 	Title:	 	  

		 		 		 	Date:	 	  

			
	Approach Oil & Gas Inc.	 		 	 JP Energy Development LP

By: JP Energy Development GP LLC, its
 General
Partner

					
	By:	 	  
	 		 	By:	 	  

	Name:	 	  
	 		 	Name:	 	  

	Title:	 	  
	 		 	Title:	 	  

	Date:	 	  
	 		 	Date:	 	  

  
 Exhibit F to Crude Oil
Purchase Agreement 
 2 

 Exhibit A to 

MEMORANDUM OF DEDICATION 

AND CRUDE OIL PURCHASE AGREEMENT 

Amended Dedicated Area 

(See Attached) 

  
 Exhibit F to Crude Oil
Purchase Agreement 
 1 

 EXHIBIT “G” 

JPE Parent Guaranty 

GUARANTY 
 This
Guaranty (this “Guaranty”), effective as of                     , 2013, is given by JP Energy Development LP, a Delaware
limited partnership (hereinafter called “Guarantor”), in favor of Approach Operating, LLC, a Delaware limited liability company (“AOL”), Approach Oil & Gas Inc., a Delaware corporation
(“AOG”) and Approach Resources I, LP (“AR I”; and AOG, AOL and AR I together are collectively referred to herein as, “Approach”). 

RECITALS 
 WHEREAS,
contemporaneously with the execution of this Guaranty, Guarantor (through a wholly owned subsidiary) has acquired all of the equity interests of Wildcat Permian Services LLC, a Texas limited liability company (“Wildcat”);

 WHEREAS, Wildcat is a party to that certain Crude Oil Purchase Agreement dated as of September 12, 2012, as amended by that
Amendment No. 1 to Crude Oil Purchase Agreement dated as of the same date as this Guaranty, and as may be further amended from time to time in accordance with the terms thereof, which provides for, among other obligations, the sale and
transportation (whether by pipeline or trucking service) of certain volumes of crude oil provided by Approach to Wildcat (collectively, the “Crude Oil Purchase Obligations”), and other obligations and provisions set forth therein
(as amended by Amendment No. 1 and as otherwise may be amended from time to time, the “Agreement”); and 
 WHEREAS,
reference is made to that certain Equity Purchase Agreement dated September 18, 2013 by and among Wildcat, Guarantor, JP Energy Gathering, LLC (an affiliate of Guarantor), Approach Midstream Holdings LLC and the other parties thereto (the
“EPA”); 
 WHEREAS, the parties hereto have agreed that, as partial consideration to induce Approach to enter into the
Amendment No. 1 to Crude Oil Purchase Agreement, amending the Agreement (as described in the recital above) with Wildcat, Guarantor will, during the Term of the Agreement guarantee certain obligations of Wildcat arising on or after the date of
the closing(s) under the EPA relating to the Crude Oil Purchase Obligations under the Agreement , and any and all other documents that are executed and delivered pursuant to the Agreement (said documents are collectively herein called the
“COPA Documents”), such guaranteed obligations to specifically exclude any obligations of Wildcat under the COPA Documents to construct and build out certain additional gathering and transportation lines (the “Excluded
Obligations”); and 
 WHEREAS, it is acknowledged that (i) Guarantor will directly and indirectly derive a substantial benefit
by the consummation of the transactions contemplated by the COPA Documents, and (ii) Approach would not have agreed to enter into the Amendment No. 1 to Crude Oil Purchase Agreement, amending the Agreement, as well as certain other
agreements entered into with affiliates of Guarantor in connection therewith, but for the agreement of Guarantor to provide this Guaranty. 

NOW, THEREFORE, in consideration of the premises set forth herein, and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto hereby agree as follows: 

  
 Exhibit G to Crude Oil
Purchase Agreement 
 1 

 1. COPA Documents. Guarantor hereby irrevocably, absolutely and
unconditionally guarantees to Approach the full and prompt performance of any and all obligations of Wildcat arising on or after the date of the closing(s) under the EPA relating to the Crude Oil Purchase Obligations (excluding the Excluded
Obligations) under the COPA Documents in accordance with the respective terms thereof and the full and prompt payment, when due, of any and all amounts owed to Approach arising on or after the date of the closing(s) under the EPA relating to the
Crude Oil Purchase Obligations (excluding the Excluded Obligations) under the COPA Documents in accordance with the respective terms thereof 

2. Representations and Warranties. Guarantor hereby represents and warrants to Approach that (a) this
Guaranty is a legal, valid and binding obligation of Guarantor, enforceable against Guarantor in accordance with its terms; (b) the execution, delivery, and performance by Guarantor of this Guaranty does not and will not violate any authority
having the force of law or any indenture, agreement, or other instrument to which Guarantor is a party or by which Guarantor or any of the properties or assets of Guarantor are or may be bound, the violation of which will materially and adversely
affect the performance of Guarantor hereunder; (c) there is no action or proceeding at law or in equity by or before any court, governmental instrumentality or agency now pending or to the knowledge of Guarantor threatened or affecting
Guarantor which may materially and adversely affect the performance of Guarantor hereunder; and (d) Guarantor is solvent. 

3. Rights Cumulative; Individual Enforcement. The rights of Approach are cumulative and shall not be exhausted by
the exercise of any of its rights hereunder or otherwise against Guarantor or by any number of successive actions until and unless all liabilities hereunder have been paid and each of the obligations of Guarantor hereunder has been performed. Any
rights of Approach under this Guaranty may be enforced by any party constituting part of Approach (and does not need to be enforced by all Approach parties jointly). 

4. Notices. Any notice, request, demand or communication required or permitted hereunder (unless otherwise
expressly provided) shall be given in writing by delivering same in person (including by facsimile transmission or courier delivery) to the intended addressee, or by United States first class mail, postage prepaid, addressed to Guarantor at the
address shown below Guarantor’s signature or to Approach at the address shown below or in either case to such other address or to the attention of such other person as hereafter shall be designated in writing by the applicable party sent in
accordance herewith. Any such notice or communication shall be deemed to have been given as of the date of first attempted delivery at the address and in the manner provided herein. Without limiting the foregoing, all notice or other communications
required or permitted hereunder also shall be deemed to have been given (i) on the day of transmission if sent by confirmed facsimile transmission or (ii) on the day after delivery to Federal Express or similar overnight courier, properly
addressed for prepaid delivery the next business day. 
 5. Choice of Law; Jurisdiction; Waiver of Jury Trial.
THIS GUARANTY SHALL BE DEEMED TO HAVE BEEN MADE UNDER AND SHALL BE GOVERNED BY THE LAWS OF THE STATE OF TEXAS, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW, IN ALL RESPECTS AND SHALL NOT BE WAIVED, ALTERED, MODIFIED OR AMENDED AS TO ANY OF
ITS TERMS OR PROVISIONS EXCEPT IN WRITING DULY SIGNED BY APPROACH AND GUARANTOR. THE PARTIES HERETO HEREBY SUBMIT TO THE EXCLUSIVE JURISDICTION AND VENUE OF ANY COURT (FEDERAL, STATE OR LOCAL) HAVING SITUS WITHIN 

  
 Exhibit G to Crude Oil
Purchase Agreement 
 2 

 
DALLAS COUNTY, TEXAS. GUARANTOR HEREBY WAIVES ANY OBJECTION TO IMPROPER VENUE, FORUM NON CONVENIENS, AND ANY RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION OR IN ANY LITIGATION OR
ANY COURT WITH RESPECT TO OR ARISING OUT OF THIS GUARANTY. THIS WAIVER IS INFORMED AND FREELY MADE. 
 6. Binding
Effect. This Guaranty shall bind the Guarantor and its successors and assigns and shall inure to the benefit of Approach, and its successors and assigns; provided, however, that Guarantor’s rights and obligations may not be assigned or
delegated without the prior written consent of Approach. 
 7. Severability. In case any one or more of the
provisions contained in this Guaranty should be determined to be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired
thereby; provided, however, that if any such provision may be made enforceable by limitation thereof, then such provision shall be deemed to be so limited and shall be enforceable to the maximum extent permitted by applicable law. 

8. Right to Proceed. The obligations of Guarantor hereunder are independent of the obligations of Wildcat, and
Approach may proceed directly to enforce all rights hereunder without proceeding against or joining the Wildcat, any of its affiliates or any other person. The guaranty contemplated hereby is an absolute, present and continuing guaranty and is in no
way conditional or contingent upon any other action or circumstance whatsoever. 
 9. Obligations Absolute. The
obligations of Guarantor under this Guaranty shall be irrevocable, absolute, unconditional and primary irrespective of the validity or enforceability of any of the COPA Documents and shall not be subject to any counterclaim, set off or defense based
upon any claim Guarantor may have against Wildcat, or Approach and shall remain in full force and effect without regard to, and shall not be affected or impaired by any of the following, although without notice to or consent of Guarantor:
(i) any amendment to or modification of any of the COPA Documents; (ii) any failure, omission or delay to enforce, assert or exercise any right, power or remedy conferred by the terms of any of the COPA Documents; (iii) any exercise
or waiver of any right, power or remedy conferred by the terms of any of the COPA Documents; (iv) the dissolution or termination of Wildcat; (v) the bankruptcy or insolvency of Wildcat; or (vi) any other circumstance whether similar
or dissimilar to the foregoing. No action which Approach may take or omit to take in connection with exercising any right hereunder and no course of dealing by Approach with any person who has entered into a similar agreement or any other person,
shall release or diminish Guarantor’s obligations or agreements hereunder or affect the agreements herein. 
 10.
Delay or Waiver. No delay on the part of Approach in exercising any right hereunder or any failure to exercise such right shall operate as a waiver of such right; nor shall any modification or waiver of provisions hereof be effective
unless in writing; nor shall any such waiver be applicable except in the specific instance for which given. 
 11.
Waiver of Notice. Guarantor hereby expressly waives notice of acceptance of this Guaranty, notice of default and all other notices whatsoever with respect thereto, any demand hereunder, the prosecution of any suits against the Wildcat
or any other person, and any other act or omission or thing or delay to do any other act or thing which might in any manner or to any extent vary the risk of Guarantor or which otherwise might operate as a discharge of Guarantor hereunder. 

  
 Exhibit G to Crude Oil
Purchase Agreement 
 3 

 12. Costs of Enforcement. If Guarantor fails to perform its
obligations hereunder, Guarantor shall pay to Approach all costs and expenses, including, without limitation, all court costs and reasonable attorneys’ fees, incurred by any of them in enforcing this Guaranty. 

13. Entire Agreement. THIS GUARANTY (TOGETHER WITH THE COPA DOCUMENTS) EMBODIES THE FINAL, ENTIRE AGREEMENT OF
GUARANTOR AND APPROACH WITH RESPECT TO GUARANTOR’S GUARANTY OF THE WILDCAT’S LIABILITIES AND DUTIES REFERENCED HEREUNDER REGARDING THE COPA DOCUMENTS, AND SUPERSEDES ANY AND ALL PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS, AND
UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING TO THE SUBJECT MATTER HEREOF OF SUCH GUARANTY. THIS GUARANTY IS INTENDED BY GUARANTOR, AND APPROACH AS A FINAL AND COMPLETE EXPRESSION OF THE TERMS OF THE GUARANTY, AND NO COURSE OF DEALING BY AND
AMONG GUARANTOR, AND APPROACH, NO COURSE OF PERFORMANCE, NO TRADE PRACTICES, AND NO EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OR OTHER EXTRINSIC EVIDENCE OF ANY NATURE SHALL BE USED TO CONTRADICT, VARY,
SUPPLEMENT OR MODIFY ANY TERMS OF THIS GUARANTY. THERE ARE NO ORAL AGREEMENTS BY AND AMONG GUARANTOR AND APPROACH. 
 14.
Counterparts. This Guaranty may be executed in multiple counterparts, each of which shall be deemed an original and all of which shall constitute but one and the same instrument. 

IN WITNESS WHEREOF, the undersigned have executed and delivered this Guaranty as of the date first herein above written. 

 

			
	GUARANTOR
	
	 JP ENERGY DEVELOPMENT LP

	 BY: JP Energy Development GP LLC, its General Partner

		
	 By:
	 	  

		 	 J. Patrick Barley

		 	 President and Chief Executive Officer

 Address for Notices: 

JP ENERGY DEVELOPMENT LP 
 600 E. Las Colinas Boulevard,
Suite 2000 
 Irving, Texas 75039 
 Attention: J. Patrick Barley

 Fax: 972-444-0320 

  
 Exhibit G to Crude Oil
Purchase Agreement 
 4 

					
	 STATE OF TEXAS
	 	)	  	
		 	)	  	        SS.
	 DALLAS COUNTY
	 	)	  	

 This instrument was acknowledged before me this      day of
                    , 2013, by J. Patrick Barley, the President and Chief Executive Officer of JP Energy Development GP LLC, acting as
general partner of JP ENERGY DEVELOPMENT LP, a Delaware limited partnership, on behalf said limited partnership. 
  

	
	  
 Notary Public

 My commission expires: 
  

  
 Exhibit G to Crude Oil
Purchase Agreement 
 5 

 ACCEPTED: 
  

			
	 APPROACH
  

APPROACH OIL & GAS INC.

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	 APPROACH OPERATING, LLC

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

	
	 APPROACH RESOURCES I, LP

	 By: Approach Operating, LLC, its general partner

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 Address for Notices: 

Approach: 
 c/o Approach Midstream Holdings, LLC 

6500 West Freeway, Suite 800 
 Fort Worth, Texas 76116 

Attention: J. Curtis Henderson 
 Fax: 817-989-9001 

  
 Exhibit G to Crude Oil
Purchase Agreement 
 6

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