Document:

EX-10.1

 Exhibit 10.1 

FORBEARANCE AGREEMENT 

This FORBEARANCE AGREEMENT is entered into and dated as of September 14, 2018 (this “Agreement”) with respect to
that certain Multidraw Term Loan Agreement dated as of August 31, 2018 among PetroQuest Energy, L.L.C., a Louisiana limited liability company (the “Borrower”), PetroQuest Energy, Inc., a Delaware corporation (the
“Parent”), each of the Lenders from time to time party thereto, and Wells Fargo Bank, National Association, as administrative agent (in such capacity, the “Administrative Agent”; together with the
Borrower, the Parent and the Lenders, each a “Party” and collectively, the “Parties”) (as amended, amended and restated, supplemented or otherwise modified from time to time prior to the date hereof,
the “Credit Agreement”). 
 A.    Reference is made to that certain (i) Indenture, dated as
of February 17, 2016, among the Parent, the other Loan Parties and Wilmington Trust, National Association, as trustee and collateral trustee, which governs the Parent’s 10% Second Lien Secured Senior Notes due 2021 (the “2021
Notes”) issued pursuant thereto (as amended, the “Senior Secured Indenture”), and (ii) Indenture, dated as of September 27, 2016, among the Parent, the other Loan Parties and Wilmington Trust, National
Association, as trustee and collateral trustee, which governs the Parent’s 10% Second Lien Senior Secured PIK Notes due 2021 (the “2021 PIK Notes”; together with the 2021 Notes, the “Notes”)
issued pursuant thereto (as amended, the “Exchange Notes Indenture”; together with the Senior Secured Indenture, each an “Indenture” and collectively, the “Indentures”). 

B.    The Parent did not make the semi-annual interest payments totaling approximately $14.2 million due on
August 15, 2018 under the Indentures with respect to the Notes (herein, the “Interest Payments”). 

C.    As set forth in Section 8.9 of the Credit Agreement, the Parties agreed that the
Parent’s failure to make the Interest Payments does not constitute a Default under the Credit Agreement for any purpose; however, any failure by the Parent to make the Interest Payments before the expiration of the grace period provided for in
the Senior Secured Indenture and the Exchange Notes Indenture, respectively, which expiration occurs on September 14, 2018 (the “Grace Period Termination Date”), will constitute an Event of Default under the Credit
Agreement. 
 D.    The Parent has informed the Administrative Agent and the Lenders that the Parent has elected not to
make the Interest Payments on or before the Grace Period Termination Date. 
 E.    In accordance with
Section 6.2 of the Credit Agreement, the Borrower has notified, and hereby gives notice to, the Administrative Agent and the Lenders that the following Defaults and Events of Default (each a “Specified
Default” and collectively, the “Specified Defaults”) will occur on and as of the Grace Period Termination Date or may occur on or prior to the Forbearance Termination Date (as defined below) due to non-payment of the Interest Payments, as set forth below: 
  

	 	(i)	 one or more Defaults and Events of Default under Section 8.1(H) of the Credit
Agreement may or will occur as a result of the non-payment by the Parent, the 

  
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Borrower or any Subsidiary of the Interest Payments on and as of the Grace Period Termination Date and/or a related acceleration of the Debt under one or both Indentures on or prior to the
Forbearance Termination Date, in respect of interest that was originally due and payable on August 15, 2018; 

  

	 	(ii)	 one or more Defaults and Events of Default in respect of Section 8.1(G) of the Credit
Agreement may or will occur as a result of the non-payment by the Parent, the Borrower or any Subsidiary of the Interest Payments on and as of the Grace Period Termination Date and/or a related acceleration of
the Debt under one or both Indentures on or prior to the Forbearance Termination Date, in respect of interest that was originally due and payable on August 15, 2018; and 

 

	 	(iii)	 one or more Defaults and Events of Default in respect of Section 8.1(F) of the Credit
Agreement regarding Section 6.4 of the Credit Agreement may or will occur as a result of the non-payment by the Parent, the Borrower or any Subsidiary of the Interest Payments on and
as of the Grace Period Termination Date and/or a related acceleration of the Debt under one or both Indentures on or prior to the Forbearance Termination Date, in respect of interest that was originally due and payable on August 15, 2018.

 F.    As a result of one or more of the Specified Defaults, the Administrative Agent and the
Lenders have the right to exercise certain rights and remedies under the Credit Agreement and the other Loan Documents. 

G.    The Borrower has requested that the Administrative Agent and the Lenders agree to forbear from exercising their
rights and remedies arising from the Specified Defaults (and only to the extent arising solely from the Specified Defaults) during the period (the “Forbearance Period”) from the Forbearance Agreement Effective Date (as
defined below) until the earlier to occur of (i) 11:59 p.m. ET on September 28, 2018 or (ii) the occurrence of any Forbearance Default (as defined below) (such earlier date, the “Forbearance Termination Date”). 

H.    The Administrative Agent and the Lenders are willing to forbear from exercising their rights and remedies arising
from the Specified Defaults (and only to the extent arising solely from the Specified Defaults) until the Forbearance Termination Date on the terms and subject to the conditions set forth herein. 

I.    Capitalized terms used but not defined herein shall have the meanings assigned to them in the Credit Agreement. 

Accordingly, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt
of which are hereby acknowledged, the Parties hereto agree as follows: 
 SECTION 1. Forbearance. 

(a)     Loan Documents. Subject to the other terms and conditions of this Agreement, the
Administrative Agent and the Lenders hereby agree, until the 

  
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Forbearance Termination Date, to forbear from the exercise of any and all rights and remedies otherwise available under the Credit Agreement and the other Loan Documents and/or Applicable Law on
account of one or more of the Specified Defaults (but only to the extent arising solely from the Specified Defaults), including, without limitation, any enforcement action against any Collateral and/or acceleration of the Obligations of the Parent,
the Borrower and the Guarantor; provided, that the Administrative Agent and the Lenders shall be free to exercise any or all of their respective rights and remedies arising on account of the Specified Defaults (or any other Event of Default
that may occur and then be continuing) at any time on or after the Forbearance Termination Date; and further provided, for the avoidance of doubt, that during the Forbearance Period, interest on all outstanding Obligations, including the unpaid
principal amount of the Term Loans, shall continue to accrue at the Applicable Rate. 
 (b)
    Specified Defaults. It is understood and agreed by the Parent, the Borrower and TDC Energy LLC, a Louisiana limited liability company (“Guarantor”), that, notwithstanding
Section 1(a) above, the Specified Defaults constitute one or more Defaults and Events of Default for all purposes of the Loan Documents. 

(c)     Modifications to Forbearance. 

(i) Any agreement by the Administrative Agent and the Lenders to extend the Forbearance Period, if any, or to waive the
occurrence of the Forbearance Termination Date, in each case with respect to the Loan Documents, must be set forth in writing and signed by the Administrative Agent and the Lenders. 

(ii) Each of the Parent, the Borrower, and the Guarantor acknowledges and agrees that neither the Administrative Agent nor the
Lenders have made any assurances concerning any possibility of an extension of the Forbearance Period or waiver of any occurrence of the Forbearance Termination Date. 

(d)     Tolling of Statute of Limitations. Each of the Parent, the Borrower, and the Guarantor
acknowledges and agrees that the running of any statutes of limitation or doctrine of laches applicable to any claims or causes of action that the Administrative Agent or the Lenders may be entitled to take or bring in order to enforce their rights
and remedies against the Parent, the Borrower or the Guarantor (or any of their respective assets) is, to the fullest extent permitted by law, tolled and suspended during the Forbearance Period. 

(e)     Notices. The Borrower hereby agrees to notify the Administrative Agent and the Lenders
reasonably promptly in writing of (i) any failure by any of the Parent, the Borrower or the Guarantor to comply with their obligations set forth in this Agreement, (ii) the receipt by any of the Parent, the Borrower or the Guarantor of any
material complaint or demand by any person against any of the Parent, the Borrower or the Guarantor, or (iii) the receipt or delivery by any of the Parent, the Borrower or the Guarantor of any notices of default under the Indentures (together
with copies thereof) in respect of the Parent’s failure to make the Interest Payments delivered by any of the Loan Parties or by any trustee and/or any collateral trustee, as applicable, under the Indentures. 

  
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 SECTION 2. Forbearance Default. Nothing set forth herein or contemplated
hereby (a) is intended to or shall be construed as a waiver of or acquiescence to any Specified Default, which shall continue in existence subject only to the terms of the forbearance expressly provided for in
Section 1(a) hereof, or (b) shall constitute an agreement by the Administrative Agent and the Lenders to forbear the exercise of any of the rights and remedies available to the Administrative Agent and the Lenders
under the Credit Agreement or the other Loan Documents, as the case may be, and/or Applicable Law (all of which rights and remedies are hereby expressly reserved by the Administrative Agent and the Lenders) upon and after the occurrence of a
Forbearance Default. For purposes hereof, the term “Forbearance Default” shall mean the occurrence of any or all of the following: (i) any Event of Default under the Credit Agreement other than the Specified Defaults;
(ii) a breach by any of the Parent, the Borrower or the Guarantor of any term of this Agreement; or (iii) any breach or inaccuracy of any representation or warranty made by any of the Parent, the Borrower or the Guarantor in
Section 4 hereof. 
 SECTION 3. Amendment to Credit Agreement. Section 8.1, Events of
Default, of the Credit Agreement is hereby amended, such amendment to be effective as of August 31, 2018, by deleting subclause (vi) of clause (J) thereof in its entirety and replacing it with the following: 

“(vi) takes any action for the purpose of effecting any of the foregoing if such action (x) occurs on or after the date that is 45
days following the Closing Date or (y) is not in conjunction with a restructuring support agreement that is supported by all Lenders;” 

SECTION 4. Representations and Warranties. To induce the other Parties hereto to enter into this Agreement, each of the
Parent, the Borrower and the Guarantor represents and warrants to the Administrative Agent and the Lenders that, as of the Forbearance Agreement Effective Date: 

(a)     This Agreement has been duly authorized, executed and delivered by each of the Parent, the Borrower and the
Guarantor, and constitutes a legal, valid and binding obligation of such Person in accordance with its terms. 
 (b)
    No consent, approval, authorization or order of, or filing, registration or qualification with, any court or Governmental Authority or third party is required in connection with the execution, delivery or performance of this
Agreement by the Parent, the Borrower, or the Guarantor. 
 (c)     The aggregate outstanding principal amount of Term
Loans is $50,000,000 and the accrued and unpaid interest on the Term Loans through and including September 14, 2018 is $208,333. 
 (d)
    Other than as they relate to the Specified Defaults, the representations and warranties set forth in Section 5 of the Credit Agreement are true and correct on and as of the Forbearance Agreement
Effective Date, except for any such representation that by its terms is made only as of an earlier date, which representation remains true and correct in all material respects as of such earlier date. 

(e)     Other than the Specified Defaults, no Default or Event of Default has occurred and is continuing. 

  
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 (f)     None of the Parent, the Borrower or the Guarantor has any
defense to payment, counterclaims or rights of setoff with respect to any Term Loans or any other Debt. 
 (g)    As of
the Forbearance Agreement Effective Date, none of the Parent, the Borrower or the Guarantor has any outstanding Swap Agreements. 
 SECTION
5. Effectiveness. This Agreement shall become effective as of the date set forth above on the date (the “Forbearance Agreement Effective Date”) on which each of the following conditions have been
satisfied: 
 (a)     the Administrative Agent (or its counsel) shall have received counterparts of this Agreement that,
when taken together, bear the signatures of Parent, the Borrower, the Guarantor, the Administrative Agent and the Lenders; 
 (b)
    the Administrative Agent (or its counsel) shall have received executed copies of the forbearance agreements in respect of the Senior Secured Indenture and the Exchange Notes Indenture, respectively; 

(c)     other than as they relate to the Specified Defaults, all representations and warranties of the Parent, the
Borrower and the Guarantor contained herein shall be true and correct as of the Forbearance Agreement Effective Date; and 
 (d)
    the Borrower shall have paid any and all fees and expenses payable to the Administrative Agent and Lenders pursuant to or in connection with this Agreement. 

SECTION 6. Effect of Agreement. Except as expressly set forth herein, this Agreement shall not by implication or
otherwise limit, impair, constitute a waiver of, or otherwise (a) affect the rights and remedies of the Lenders or the Administrative Agent under the Credit Agreement or any other Loan Document or (b) alter, modify, amend or in any way
affect any of the terms, conditions, obligations, covenants or agreements of the Parent, the Borrower or the Guarantor contained in the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall
continue in full force and effect. Nothing herein shall entitle, or be deemed to entitle, any of the Parent, the Borrower or the Guarantor to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions,
obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. This Agreement shall apply and be effective only with respect to the provisions of the Credit Agreement, as
specifically referred to herein. After the date hereof, any reference to the Credit Agreement shall mean the Credit Agreement as modified hereby. This Agreement shall constitute a “Loan Document” for all purposes of the Credit Agreement
and the other Loan Documents. 
 SECTION 7. Counterparts. This Agreement may be executed in any number of counterparts and by
different Parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same contract. Delivery of an executed counterpart of a
signature page of this Agreement by facsimile transmission or via .pdf shall be as effective as delivery of a manually executed counterpart hereof. 

  
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 SECTION 8. NO ORAL AGREEMENT. THIS AGREEMENT, THE CREDIT AGREEMENT AND THE
OTHER LOAN DOCUMENTS AND ANY SEPARATE LETTER AGREEMENTS WITH RESPECT TO FEES PAYABLE TO ADMINISTRATIVE AGENT CONSTITUTE THE ENTIRE CONTRACT AMONG THE PARTIES RELATING TO THE SUBJECT MATTER HEREOF AND THEREOF AND SUPERSEDE ANY AND ALL PREVIOUS
AGREEMENTS AND UNDERSTANDINGS, ORAL OR WRITTEN, RELATING TO THE SUBJECT MATTER HEREOF AND THEREOF. THIS AGREEMENT, THE CREDIT AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES HERETO AND THERETO AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 

SECTION 9. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF
NEW YORK. 
 SECTION 10. Headings. The headings of this Agreement are for purposes of reference only and shall not limit or
otherwise affect the meaning hereof. 
 SECTION 11. RELEASE. EACH OF THE PARENT AND ITS SUBSIDIARIES (IN ITS OWN RIGHT AND ON BEHALF OF
ITS PREDECESSORS, SUCCESSORS, LEGAL REPRESENTATIVES AND ASSIGNS) HEREBY EXPRESSLY AND UNCONDITIONALLY ACKNOWLEDGES AND AGREES THAT IT HAS NO SETOFFS, COUNTERCLAIMS, ADJUSTMENTS, RECOUPMENTS, DEFENSES, CLAIMS, CAUSES OF ACTION, ACTIONS OR DAMAGES OF
ANY CHARACTER OR NATURE, WHETHER CONTINGENT, NONCONTINGENT, LIQUIDATED, UNLIQUIDATED, FIXED, MATURED, UNMATURED, DISPUTED, UNDISPUTED, LEGAL, EQUITABLE, SECURED OR UNSECURED, KNOWN OR UNKNOWN, ACTUAL OR PUNITIVE, FORESEEN OR UNFORESEEN, DIRECT, OR
INDIRECT, ARISING OUT OF OR FROM OR RELATED TO ANY OF THE LOAN DOCUMENTS AGAINST THE ADMINISTRATIVE AGENT OR THE LENDERS (COLLECTIVELY, THE “CREDIT PARTIES”), ANY OF ANY CREDIT PARTY’S AFFILIATES OR ANY OF ITS
OFFICERS, DIRECTORS, AGENTS, EMPLOYEES, ATTORNEYS OR REPRESENTATIVES OR ANY OF THEIR RESPECTIVE PREDECESSORS, SUCCESSORS OR ASSIGNS (COLLECTIVELY, THE “LENDER-RELATED PARTIES”) OR ANY GROUNDS OR CAUSE FOR REDUCTION,
MODIFICATION, SET ASIDE OR SUBORDINATION OF THE OBLIGATIONS OR ANY LIENS OR SECURITY INTERESTS OF THE CREDIT PARTIES. IN PARTIAL CONSIDERATION FOR THE AGREEMENT OF ADMINISTRATIVE AGENT AND LENDERS TO ENTER INTO THIS AGREEMENT, EACH OF THE PARENT AND
ITS SUBSIDIARIES HEREBY KNOWINGLY AND UNCONDITIONALLY WAIVES AND FULLY AND FINALLY RELEASES AND FOREVER DISCHARGES THE LENDER-RELATED PARTIES FROM, AND COVENANTS NOT TO SUE THE LENDER-RELATED PARTIES FOR, ANY AND ALL SETOFFS, COUNTERCLAIMS,
ADJUSTMENTS, RECOUPMENTS, CLAIMS, CAUSES OF ACTION, ACTIONS, GROUNDS, CAUSES, DAMAGES, COSTS AND EXPENSES OF EVERY NATURE AND  

  
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CHARACTER, WHETHER CONTINGENT, NONCONTINGENT, LIQUIDATED, UNLIQUIDATED, FIXED, MATURED, UNMATURED, DISPUTED, UNDISPUTED, LEGAL, EQUITABLE, SECURED OR UNSECURED, KNOWN OR UNKNOWN, ACTUAL OR
PUNITIVE, FORESEEN OR UNFORESEEN, DIRECT OR INDIRECT, ARISING OUT OF OR FROM OR RELATED TO ANY OF THE LOAN DOCUMENTS, WHICH THE PARENT OR ANY SUBSIDIARY NOW OWNS AND HOLDS, OR HAS AT ANY TIME HERETOFORE OWNED OR HELD, SUCH WAIVER, RELEASE AND
DISCHARGE BEING MADE WITH FULL KNOWLEDGE AND UNDERSTANDING OF THE CIRCUMSTANCES AND EFFECTS OF SUCH WAIVER, RELEASE AND DISCHARGE AND AFTER HAVING CONSULTED LEGAL COUNSEL OF ITS OWN CHOOSING WITH RESPECT THERETO. THIS SECTION IS IN ADDITION TO ANY
OTHER RELEASE OF ANY OF THE LENDER-RELATED PARTIES BY THE PARENT OR ANY SUBSIDIARY AND SHALL NOT IN ANY WAY LIMIT ANY OTHER RELEASE, COVENANT NOT TO SUE, OR WAIVER BY THE PARENT OR ANY SUBSIDIARY IN FAVOR OF ANY OF THE LENDER-RELATED PARTIES.

 SECTION 12. Payment of Expenses. The Borrower agrees to pay or reimburse Administrative Agent and Lenders for all of their
respective out-of-pocket costs and expenses incurred in connection with this Agreement, any other documents prepared in connection herewith and the transactions
contemplated hereby, including, without limitation, the reasonable fees and disbursements of counsel to Administrative Agent and Lenders. 

SECTION 13. Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. 
 SECTION 14. Successors and Assigns. This Agreement shall be binding upon and inure to
the benefit of the Parties hereto and their respective successors and assigns. 
 SECTION 15. Submission to Jurisdiction; Venue;
Waiver of Jury Trial; Notices. The agreements regarding submission to jurisdiction, venue, waiver of jury trial and notices, respectively, set forth in Sections 10.6 and 10.7 of the Credit Agreement, as applicable,
are hereby incorporated by reference herein and shall apply mutatis mutandis. 
 SECTION 16. Direction. The Lenders executing
this Agreement hereby direct the Administrative Agent to execute and deliver this Agreement and to perform its obligations hereunder. Each Lender represents that it is a Lender under the Credit Agreement and is not a Defaulting Lender. 

[SIGNATURES BEGIN NEXT PAGE] 

  
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 IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly executed by
their duly authorized officers, all as of the date and year first above written. 
  

					
	BORROWER:	  	PETROQUEST ENERGY, L.L.C.	  	
			
		  	 /s/ J. Bond Clement
	  	
		  	J. Bond Clement	  	
		  	Executive Vice President, Chief Financial Officer	  	
		  	and Treasurer	  	
			
	PARENT:	  	PETROQUEST ENERGY, INC.	  	
			
		  	 /s/ J. Bond Clement
	  	
		  	J. Bond Clement	  	
		  	Executive Vice President, Chief Financial Officer	  	
		  	and Treasurer	  	
			
	GUARANTOR:	  	TDC ENERGY LLC	  	
			
		  	 /s/ J. Bond Clement
	  	
		  	J. Bond Clement	  	
		  	Executive Vice President, Chief Financial Officer	  	
		  	and Treasurer	  	

  
 Signature Page to
Forbearance Agreement 

							
	ADMINISTRATIVE AGENT:	 		 	 WELLS FARGO BANK, NATIONAL

ASSOCIATION, as Administrative Agent

				
		 		 	By:	 	 /s/ Lance Yeagle

		 		 	Name:	 	Lance Yeagle
		 		 	Title:	 	AVP

  
 Signature Page to
Forbearance Agreement 

 LENDERS: 
  

			
	MainStay MacKay High Yield Corporate Bond Fund
	
	By: MacKay Shields LLC, as investment subadvisor
		
	By:	 	 /s/ Andrew Susser

	Name:	 	Andrew Susser
	Title:	 	Executive Managing Director
	
	MainStay VP MacKay High Yield Corporate Bond Portfolio
	
	By: MacKay Shields LLC, as investment subadvisor
		
	By:	 	 /s/ Andrew Susser

	Name:	 	Andrew Susser
	Title:	 	Executive Managing Director
	
	MainStay MacKay Short Duration High Yield Fund
	
	By: MacKay Shields LLC, as investment subadvisor
		
	By:	 	 /s/ Andrew Susser

	Name:	 	Andrew Susser
	Title:	 	Executive Managing Director

  
 Signature Page to
Forbearance Agreement 

 
			
	Corre Opportunities Qualified Master Fund, LP
		
	By:	 	 /s/ Eric Soderlund

	Name:	 	Eric Soderlund
	Title:	 	Authorized Signatory
	
	Corre Opportunities II Master Fund, LP
		
	By:	 	 /s/ Eric Soderlund

	Name:	 	Eric Soderlund
	Title:	 	Authorized Signatory
	
	Corre Horizon Interim Fund LLC
		
	By:	 	 /s/ Eric Soderlund

	Name:	 	Eric Soderlund
	Title:	 	Authorized Signatory

  
 Signature Page to
Forbearance AgreementEX-10.2

 Exhibit 10.2 

FORBEARANCE AGREEMENT 

This FORBEARANCE AGREEMENT (this “Agreement”), dated as of September 14, 2018 (the “Effective Date”),
is entered into by and among PetroQuest Energy, Inc., a Delaware corporation (the “Issuer”), the Subsidiaries of the Issuer that are parties hereto (the “Guarantors”) and the Holders (as defined below) that are
parties hereto (each an “Initial Forbearing Holder” and collectively, the “Initial Forbearing Holders”). 

PRELIMINARY STATEMENT 

WHEREAS, the Initial Forbearing Holders are the beneficial owners and/or investment advisors or managers of discretionary accounts for the
holders or beneficial owners of a majority in aggregate principal amount outstanding of those 10.00% Second Lien Secured Senior Notes due 2021 that are issued by the Issuer and governed by that certain Indenture dated as of February 17, 2016,
by and among the Issuer, the Guarantors and Wilmington Trust, National Association, as trustee (in such capacity, the “Trustee”) and as collateral trustee (in such capacity, the “Collateral Trustee”) thereunder
(such Indenture, as amended, supplemented, amended and restated or otherwise modified from time to time, the “Indenture”; such Notes, as amended, supplemented, amended and restated or otherwise modified from time to time, the
“Notes”; and the holders of such Notes, the “Holders”), which Notes are secured by liens on the Collateral pursuant to the Security Documents; 

WHEREAS, the Issuer has requested the Initial Forbearing Holders to forbear from exercising, and to direct the Trustee and/or the Collateral
Trustee with respect to, certain rights and remedies in respect of the Indenture, the Notes and the Security Documents with respect to the Anticipated Defaults (as hereinafter defined), including with respect to any Collateral; and 

WHEREAS, upon the terms and conditions contained herein, the Initial Forbearing Holders are prepared to forbear from exercising, and to direct
the Trustee and/or the Collateral Trustee with respect to, certain rights and remedies, available to them at law, in equity, by agreement or otherwise as a result of such Anticipated Defaults upon the terms set forth herein, without waiving any of
their other rights or remedies. 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants, representations and warranties
contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

AGREEMENT 

Section 1.    Definitions. Capitalized terms used herein but not defined herein shall have the meanings given
to them in the Indenture and the Notes, as the context may require. 
 Section 2.    Acknowledgments by the
Issuer. The Issuer acknowledges and agrees as follows: 
  

	 	(a)	 Anticipated Defaults. Certain Defaults or Events of Default have arisen on or prior to the date hereof
and/or may arise on or prior to the Forbearance 

	 	
Termination Date (as defined below) under the Indenture, consisting of a Default under clauses (1) and (6) of Section 6.01 of the Indenture as a result of the failure of the Issuer to
make the interest payment under the Notes due on August 15, 2018. The Issuer anticipates that such Defaults will constitute an Event of Default under clauses (1) and (6) of Section 6.01 of the Indenture. The Defaults and Events of
Default described in the foregoing paragraph are referred to herein as the “Anticipated Defaults.” 

  

	 	(b)	 Acknowledgment of Indebtedness. The Issuer agrees that (i) as of the Effective Date, the Issuer is
indebted to the Holders in the aggregate principal amount of $9,427,000 under the Notes; (ii) all such amounts remain outstanding and unpaid without setoff, counterclaim or defenses; and (iii) all such amounts are subject to increase or
other adjustment as a result of any and all interest thereon in accordance with the Indenture and the Notes. 

  

	 	(c)	 Reservation of Rights. Except for the rights, powers and remedies which the Trustee, the Collateral
Trustee and the Initial Forbearing Holders agree to forbear from exercising during the Forbearance Period pursuant to Section 3 below, the Issuer and each Guarantor acknowledges and agrees that the Initial Forbearing
Holders hereby reserve all rights, powers and remedies under the Indenture, the Security Documents and the Notes and applicable law in connection with any violation or noncompliance by the Issuer or any Guarantor with the terms of the Indenture, the
Security Documents and the Notes. 

 Section 3.    Forbearance by the Initial Forbearing
Holders. 
  

	 	(a)	 Forbearance Period. At the request of the Issuer, the Initial Forbearing Holders hereby agree to forbear
from the exercise of their rights and remedies, whether at law, in equity, by agreement or otherwise (including, without limitation, any such rights and remedies arising under the Trust Indenture Act of 1939 or arising under the Indenture,
including, without limitation, Sections 6.02, 6.03, 6.06, 6.07 and 6.08 thereof), available to the Trustee and/or the Holders as a result of the Anticipated Defaults until the earliest to occur of the following (the “Forbearance Termination
Date” and the period beginning on the Effective Date and terminating on the Forbearance Termination Date being hereinafter referred to as the “Forbearance Period”): 

 

	 	(i)	 11:59 p.m. Eastern time on September 28, 2018; 

 

	 	(ii)	 the date on which (A) any Event of Default under the Indenture that is not an Anticipated Default occurs,
(B) any Forbearance Default under the Credit Agreement Forbearance Agreement (as defined below) occurs, (C) the Issuer or any of its affiliates takes any action to challenge the validity or enforceability of the Indenture, this Agreement
or any provision hereof or the validity, enforceability or perfection of the Liens in favor of the Trustee under the Indenture and the other Note Documents (including in any case by asserting such a challenge in writing), (D) any of

  
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the indebtedness incurred under the Credit Agreement (as defined below) is accelerated or declared to be due and payable in full, or (E) the Issuer is no longer working in good faith on the
terms of a consensual restructuring with the Holder Representatives (as defined below) and the Initial Forbearing Holders; 

  

	 	(iii)	 the failure of any representation or warranty made by the Issuer or any Guarantor under this Agreement to be
true and complete as of the date hereof and the Effective Date; and 

  

	 	(iv)	 the failure of the Issuer or any Guarantor to timely comply with any term, condition or covenant set forth in
this Agreement. 

 For the purposes of this Agreement, “Holder Representatives” means Akin Gump Strauss
Hauer & Feld LLP and Houlihan Lokey Capital, Inc. 
  

	 	(b)	 Request to Trustee and Collateral Trustee. The Initial Forbearing Holders hereby agree to request, and
hereby do request: (i) that the Trustee rescind and cancel any acceleration hereafter declared at the request of any Holder of Notes or that may be declared by the Trustee, in accordance with Section 6.02 of the Indenture, of the amounts
outstanding under the Indenture and the Notes as a result of any Anticipated Default occurring or continuing during the Forbearance Period; and (ii) that the Collateral Trustee rescind and cancel any foreclosure or other enforcement of any or
all of the liens on the Collateral securing the Notes, or any enforcement of any of the terms of the Security Documents, in accordance with Section 6.03 of the Indenture as a result of any Anticipated Default occurring or continuing during the
Forbearance Period. Each Initial Forbearing Holder shall, if necessary to facilitate the terms of this Agreement and to the extent such Initial Forbearing Holder is not the registered holder of the Notes it beneficially owns, instruct the registered
Holder thereof to comply with the terms of this Agreement, including directing the registered Holder to instruct the Trustee and the Collateral Trustee to temporarily forbear from exercising any rights and remedies as provided above. The parties
hereto agree that this Agreement may be delivered to the Trustee and the Collateral Trustee as a direction contemplated by Section 6.05 or Section 6.06 of the Indenture, and that each Initial Forbearing Holder shall, upon request from the
Issuer, provide such further direction to the Trustee and the Collateral Trustee as may be necessary to effectuate the intent of the foregoing. 

  

	 	(c)	 Limitation on Transfers of Notes; Additional Notes. Each Initial Forbearing Holder hereby agrees not to
sell, assign, pledge, lend, hypothecate, transfer or otherwise dispose of (each, a “Transfer”) during the Forbearance Period any ownership (including beneficial ownership) of Notes (or any rights in respect thereof, including but
not limited to the right to vote) held by such Initial Forbearing Holder as of the date hereof except to a party who (i) is already a Holder party to this Agreement or (ii) prior to such Transfer, agrees in writing to be bound by all of
the terms of this Agreement (including with respect to any and all claims with respect to any Notes it already may hold against the Issuer prior to 

  
 3 

	 	
such Transfer) by executing a joinder in the form attached hereto as Exhibit A, and delivering an executed copy thereof, within two (2) business days of closing of such Transfer, to
counsel to the Issuer. Any Transfer made in violation of this Section 3(c) shall be void ab initio, and the Issuer shall have the right to enforce the voiding of any such Transfer.    This
Agreement shall in no way be construed to preclude any Initial Forbearing Holder from acquiring additional Notes, to the extent permitted by applicable law, provided, however, that any such additional Notes shall become subject to this Agreement to
the same extent as the Subject Notes (as defined below) held by such Initial Forbearing Holder as of the date hereof. 

  

	 	(d)	 Termination of Forbearance Period. The Issuer acknowledges and agrees that upon the occurrence of the
Forbearance Termination Date, the provisions of this Section 3 shall automatically and immediately terminate without any further action by, or notice being due from, the Trustee, the Collateral Trustee or any Holder, and
the Initial Forbearing Holders may proceed (but are not required), to the extent an Event of Default is then continuing, to exercise any and all rights and remedies which such Holders may have upon the occurrence of an Event of Default to the extent
an Event of Default is then continuing, including, if an Event of Default is then continuing, declaring the Notes to be immediately due and payable in accordance with the Indenture. 

 

	 	(e)	 Acknowledgment Regarding Forbearance. The Issuer acknowledges that none of the Initial Forbearing
Holders has made any assurances concerning (i) any possibility of an extension of the Forbearance Period, (ii) the manner in which or whether the Anticipated Defaults may be resolved or (iii) any additional forbearance, waiver,
restructuring or other accommodations. The Issuer agrees that the running of all statutes of limitation and the doctrine of laches applicable to all claims or causes of action that the Initial Forbearing Holders may be entitled to take or bring in
order to enforce their rights and remedies against the Issuer are, to the fullest extent permitted by law, tolled and suspended during the Forbearance Period. 

Section 4.    Representations and Warranties. 

 

	 	(a)	 Representations and Warranties of the Issuer. The Issuer hereby represents and warrants to the Initial
Forbearing Holders that: 

  

	 	(i)	 The Issuer and each Guarantor is duly organized, validly existing and in good standing under the laws of the
jurisdiction of its organization and has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and to enter into and, as applicable, perform its obligations hereunder; 

 

	 	(ii)	 This Agreement has been duly and validly authorized by the Issuer and each Guarantor, has been duly executed
and delivered by the Issuer and each Guarantor and, assuming due authorization, execution and delivery 

  
 4 

	 	
by each of the Initial Forbearing Holders or any counterparty other than the Issuer and the Guarantors, is a valid and binding obligation of the Issuer and each Guarantor, enforceable against the
Issuer and each Guarantor in accordance with its terms, subject as to enforceability to general principles of equity and to bankruptcy, insolvency, moratorium and other similar laws affecting the enforcement of creditors’ rights generally;

  

	 	(iii)	 The execution and delivery by the Issuer and each Guarantor of this Agreement do not and will not, with or
without the giving of notice or the lapse of time, or both: (A) result in any violation of any terms of the organizational documents of the Issuer and each Guarantor; (B) conflict with or result in a breach by the Issuer and each Guarantor
of or a breach of any of the terms or provisions of, or constitute a default under, any indenture, mortgage, deed of trust or other agreement or instrument to which the Issuer and each Guarantor is a party or by which the Issuer or any Guarantor or
any of its properties or assets is bound or affected; or (C) violate or contravene any applicable law, rule or regulation or any decree, judgment or order of any court or governmental body having jurisdiction over the Issuer or any Guarantor or
any of their properties or assets; and 

  

	 	(iv)	 Other than the Anticipated Defaults, no “Default” or “Event of Default” has occurred and is
continuing under the Indenture. 

  

	 	(b)	 Representations and Warranties of the Initial Forbearing Holders. Each Initial Forbearing Holder hereby
severally, and not jointly, represents and warrants to the Issuer and the Guarantors that: (i) it is the beneficial owner and/or investment advisor or manager of discretionary accounts for the holders or beneficial owners of the aggregate
principal amount of the Notes set forth opposite such Initial Forbearing Holder’s name on Exhibit B hereto (the “Subject Notes”); (ii) it has the power and authority to enter into this Agreement and perform its
obligations hereunder and to act or act on behalf of, vote, and direct the Trustee and the Collateral Trustee as to matters concerning the Subject Notes; and (iii) it has the sole and legal right, power and authority to dispose of the Subject
Notes. 

 Section 5.    Conditions to Effective Date. This Agreement shall become
effective as of the Effective Date when: 
  

	 	(a)	 the Issuer shall have received one or more counterparts of this Agreement, duly executed and delivered by the
Issuer, the Guarantors, and the Initial Forbearing Holders; 

  

	 	(b)	 the Issuer shall have received one or more counterparts of a forbearance agreement in respect of the Indenture
dated as of September 27, 2016, by and among the Issuer, the Guarantors and Wilmington Trust, National Association, as trustee and as collateral trustee thereunder, and the 10.00% Second Lien Senior Secured PIK Notes due 2021 issued by the
Issuer pursuant thereto, duly executed and delivered by the Issuer, the Guarantors, and the holders party thereto; 

  
 5 

	 	(c)	 the Forbearance Agreement (as amended, amended and restated, supplemented or otherwise modified from time to
time, the “Credit Agreement Forbearance Agreement”) heretofore entered into among the Issuer, the Guarantors, and Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto in respect of that
certain Multidraw Term Loan Agreement dated as of August 31, 2018, among the Issuer and certain Guarantors, as borrowers and/or loan parties, Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto (the
“Credit Agreement”) becomes effective in accordance with its terms; and 

  

	 	(d)	 all reasonable and documented fees and expenses of the Holder Representatives in connection with the
transactions contemplated by this Agreement or otherwise due and payable under the Indenture shall have been paid by the Issuer. 

Section 6.    Disclosure. Each party hereto agrees that it will permit public disclosure, including in a press
release and/or the filing of a Current Report on Form 8-K with the U.S. Securities and Exchange Commission, of the contents of this Agreement, but the Issuer and the Guarantors shall not, and the Issuer and
the Guarantors hereby agree that they will not, share the identity of any of the Initial Forbearing Holders or the amount of Notes held by each Initial Forbearing Holder as set forth on Exhibit B hereto with any Person and that it will keep
such information confidential, except: (a) in any legal proceeding relating to this Agreement; provided that the Issuer shall use its reasonable best efforts to maintain the confidentiality of such information in the context of any such
proceeding; (b) to the extent required by applicable law or regulation; and (c) in response to a subpoena, discovery request, or a request from a government agency, regulatory authority or securities exchange for such information contained
therein; provided, however, that the Issuer will, to the extent permitted by applicable law or regulation, provide any such Initial Forbearing Holder with prompt written notice of any such request or requirement so that such Initial Forbearing
Holder may seek, at such Initial Forbearing Holder’s expense, a protective order or other appropriate remedy and the Issuer will fully cooperate with such Initial Forbearing Holder’s efforts to obtain same. Notwithstanding anything to the
contrary in this Section 6, the Issuer and the Guarantors may: (i) disclose the aggregate principal amount of Notes held by the Initial Forbearing Holders executing this Agreement, taken as a whole; (ii) file this
Agreement as an exhibit to a Current Report on Form 8-K with the U.S. Securities and Exchange Commission; and (iii) to effectuate and evidence the direction to the Trustee and the Collateral Trustee
contained herein, at any time, and from time to time, during the Forbearance Period, provide the Trustee and the Collateral Trustee with an executed copy of this Agreement that includes the individual signature pages of each of the Initial
Forbearing Holders. 
 Section 7.    GOVERNING LAW. 

 

	 	(a)	 THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

  
 6 

	 	(b)	 EACH PARTY HERETO IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY UNITED STATES FEDERAL OR STATE COURT LOCATED
IN THE BOROUGH OF MANHATTAN IN THE CITY OF NEW YORK, NEW YORK OVER ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT. EACH PARTY HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY
HAVE TO THE LAYING OF THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. EACH PARTY HERETO AGREES THAT FINAL
JUDGMENT IN ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN SUCH A COURT SHALL BE CONCLUSIVE AND BINDING UPON SUCH PARTY AND MAY BE ENFORCED IN ANY COURTS TO THE JURISDICTION OF WHICH SUCH PARTY IS SUBJECT BY A SUIT UPON SUCH JUDGMENT.

  

	 	(c)	 EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT
MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO
(A) CERTIFIES THAT NO REPRESENTATIVE, TRUSTEE OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES
THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

Section 8.    Headings. The Headings of the Articles and Sections of this Agreement have been inserted for
convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 

Section 9.    Severability. If any provision of this Agreement is held to be invalid, illegal or unenforceable
the validity, legality and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction. 
 Section 10.    Electronic Execution. This Agreement may be signed
electronically. The words “execute,” “execution,” “signed,” “signature,” and words of like import in this Agreement shall be deemed to include electronic signatures, and electronic signatures shall be of the
same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any 

  
 7 

 
applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on
the Uniform Electronic Transactions Act. 
 Section 11.    Counterparts. This Agreement may be executed in
one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by fax or other electronic transmission of an executed counterpart of a signature page to this
Agreement shall be effective as delivery of an original executed counterpart of this Agreement. 

Section 12.    No Waiver. Except for and to the extent of the forbearance provided in
Section 3 of this Agreement, the execution, delivery and effectiveness of this Agreement shall not operate as a waiver of any default, Default or Event of Default under the Indenture or any right, power or remedy of the
Trustee, the Collateral Trustee or the Holders under the Indenture, the Notes or the Security Documents. The parties hereto reserve the right to exercise any rights and remedies available to them in connection with any present or future breaches or
defaults with respect to the Indenture and the Notes after the Forbearance Termination Date. 

Section 13.    Successors and Assigns. This Agreement shall be binding upon the Issuer and its successors and
permitted assigns and shall inure, together with all rights and remedies of the Initial Forbearing Holders, to the benefit of the Initial Forbearing Holders and their respective successors, transferees and assigns. 

Section 14.    Entire Agreement. THIS AGREEMENT, THE INDENTURE, THE SECURITY DOCUMENTS AND THE NOTES
CONSTITUTE THE ENTIRE CONTRACT AMONG THE PARTIES RELATING TO THE SUBJECT MATTER HEREOF AND THEREOF AND SUPERSEDE ANY AND ALL PREVIOUS AGREEMENTS AND UNDERSTANDINGS, ORAL OR WRITTEN, RELATING TO THE SUBJECT MATTER HEREOF AND THEREOF, AND MAY NOT BE
CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. 

Section 15.    Release. In consideration of, among other things, the execution and delivery of this Agreement
by the Initial Forbearing Holders, each of the Issuer and each Guarantor, on behalf of itself and its agents, representatives, officers, directors, members, advisors, employees, subsidiaries, affiliates, successors and assigns (collectively, the
“Releasors”), hereby forever waives, releases and discharges, to the fullest extent permitted by law, each Releasee (as defined herein) from any and all claims (including, without limitation, crossclaims, counterclaims, rights of set-off and recoupment), actions, causes of action, suits, debts, accounts, interests, liens, promises, warranties, damages and consequential damages, demands, agreements, bonds, bills, specialties, covenants,
controversies, variances, trespasses, judgments, executions, costs, expenses or claims whatsoever (collectively, the “Claims”), that such Releasor now has or hereafter may have, of whatsoever nature and kind, whether known or
unknown, whether now existing or hereafter arising, whether arising at law or in equity, against any or all of the Initial Forbearing Holders in any capacity and their respective affiliates, subsidiaries, shareholders and “controlling
persons” (within the meaning of the federal securities laws), and their respective successors and assigns and each and all of the officers, directors, 

  
 8 

 
members, employees, agents, attorneys, financial advisors and other representatives of each of the foregoing (collectively, the “Releasees”), based in whole or in part on facts,
whether or not now known, existing on or before the Effective Date, that relate to, arise out of or otherwise are in connection with: (i) any or all of the Notes and the Indenture or transactions contemplated thereby or hereby, or any actions
or omissions in connection therewith or herewith, or (ii) any aspect of the dealings or relationships between or among the Issuer, on the one hand, and any or all of the Initial Forbearing Holders, on the other hand, relating to any or all of
the documents, transactions, actions or omissions referenced in clause (i) hereof. In entering into this Agreement, the Issuer and Guarantors consulted with, and have been represented by, legal counsel and expressly disclaim any reliance on any
representations (other than those set forth in Section 4(b)), acts or omissions by any of the Releasees and hereby agree and acknowledge that the validity and effectiveness of the releases set forth above do not depend in
any way on any such representations(other than those set forth in Section 4(b)), acts and/or omissions or the accuracy, completeness or validity hereof. The provisions of this Section shall survive the termination of this
Agreement and the Notes Documents. 
 [**Signature Pages Follow**] 

  
 9 

 In Witness Whereof, the parties hereto have caused this Agreement to be duly executed and
delivered by their respective duly authorized officers as of the date first written above. 
  

			
	PETROQUEST ENERGY, INC.
		
	By:	 	 /s/ J. Bond Clement

	Name:	 	J. Bond Clement
	Title:	 	Executive Vice President, Chief Financial
		 	Officer and Treasurer
	
	PETROQUEST ENERGY, L.L.C.
		
	By:	 	 /s/ J. Bond Clement

	Name:	 	J. Bond Clement
	Title:	 	Executive Vice President, Chief Financial
		 	Officer and Treasurer
	
	TDC ENERGY LLC
		
	By:	 	 /s/ J. Bond Clement

	Name:	 	J. Bond Clement
	Title:	 	Executive Vice President, Chief Financial
		 	Officer and Treasurer

  
 [Signature Page to
Forbearance Agreement] 

 
			
	CORRE OPPORTUNITIES QUALIFIED MASTER FUND, LP
		
	By:	 	 /s/ John Barrett

	Name:	 	John Barrett
	Title:	 	Authorized Signatory
	
	CORRE OPPORTUNITIES II MASTER FUND, LP
		
	By:	 	 /s/ John Barrett

	Name:	 	John Barrett
	Title:	 	Authorized Signatory

  
 [Signature Page to
Forbearance Agreement] 

 Exhibit A 

Form of Joinder Agreement 

The undersigned transferee (“Transferee”) acknowledges that it has reviewed and understands the Forbearance Agreement, dated
as of September 14, 2018, a copy of which is attached hereto as Annex I (as it may be amended, supplemented, or otherwise modified from time to time, the “Agreement”),1 by
and among the Issuer, the Guarantors, and the Initial Forbearing Holders. 
 1.    Agreement to be Bound. The
Transferee hereby agrees to be bound by all of the terms of the Agreement (including with respect to any and all claims with respect to any Notes it already may hold against the Issuer prior to the Transfer). The Transferee shall hereafter be deemed
to be a “Party” and an “Initial Forbearing Holder” party to the Agreement for all purposes under the Agreement. 

2.    Governing Law. This joinder agreement (the “Joinder Agreement”) to the Agreement shall be
governed by and construed in accordance with the internal laws of the State of New York, without regard to any conflicts of law provisions which would require the application of the law of any other jurisdiction. 

Date:            , 20     

 

			
	 [HOLDER]

			
		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	
 

			
	 Principal Amount of Notes:
$            

  

	1 	 Defined terms used but not otherwise defined herein shall have the meaning ascribed to them in the Agreement.

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