Document:

Exhibit 20.24 (Amendment to Appalachia Midstream Agmt) (2014)

Exhibit 10.24

Execution Version

AMENDMENT TO THE SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF APPALACHIA MIDSTREAM, LLC (N/K/A EXCO APPALACHIA MIDSTREAM, LLC)
This Amendment to the Second Amended and Restated Limited Liability Company Agreement of Appalachia Midstream, LLC (the “Amendment”) is entered into on October 14, 2014 (the “Execution Date”) between EXCO Appalachia Midstream, LLC (f/k/a Appalachia Midstream, LLC), a Delaware limited liability company (the “Company”), BG US Production Company, LLC, a Delaware limited liability company (“BG Member”) and EXCO Holding (PA), Inc., a Delaware corporation (“EXCO Member”). BG Member, EXCO Member and Company are referred to herein collectively as the “Parties” and each individually as “Party.” 
RECITALS
WHEREAS, the Parties entered into that certain Second Amended and Restated Limited Liability Company Agreement of Appalachia Midstream, LLC (n/k/a EXCO Appalachia Midstream, LLC), LLC dated June 1, 2010 (the “LLC Agreement”); and 
WHEREAS, the Parties desire to amend the LLC Agreement in accordance with the provisions of this Amendment;
NOW, THEREFORE, in consideration of the mutual promises contained in this Amendment and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:
		
	1.
	Definitions and References.  Capitalized terms used in this Amendment and not otherwise defined herein have the meanings given such terms in the LLC Agreement. Sections, Articles, Appendices, Exhibits, Schedules and subsections referred to herein refer to such Sections, Articles, Appendices, Exhibits, Schedules and subsections of the LLC Agreement unless the context expressly states otherwise.  

		
	2.
	LLC Agreement Amendment.  The LLC Agreement is hereby amended as follows:  

		
	(a)
	Section 5.1(c)(ii) shall be amended by deleting the phrase “(the Management Board shall use commercially reasonable efforts to make such delegations within thirty (30) days of the Closing Date)” in its entirety.

		
	(b)
	Section 5.1(c)(xx) shall be amended by deleting the phrase “established by the Vice President of Finance and Business Services” and replacing it with the phrase “established by the officer of the Company principally responsible for the Company’s financial matters”.

		
	(c)
	Section 5.2 shall be amended by deleting the first two sentences and replacing them with the following:

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“The Management Board shall consist of four (4) Board Members.  Each of BG Affiliate Group and EXCO Affiliate Group shall be entitled to appoint two (2) Board Members and two (2) alternate Board Members.”
		
	(d)
	Section 5.3(d) shall be amended by deleting it in its entirety and replacing it with the following:

“(d)    [omitted];”
		
	(e)
	Section 5.3(e) shall be amended by deleting it in its entirety and replacing it with the following:

“(e)    [omitted];”
		
	(f)
	Section 5.3(f) shall be amended by deleting it in its entirety and replacing it with the following:

“The Management Board shall meet (i) upon at least fifteen (15) days advance notice by either BG Affiliate Group or EXCO Affiliate Group or (ii) whenever at least one of the Board Members or alternate Board Members from each of the BG Affiliate Group and the EXCO Affiliate Group are present and agree to hold such a meeting, without any requirement for advance notice or delivery of an agenda.  If any Member or Board Member so requests, any meeting of the Management Board, or the consideration of any proposal by the Management Board at a meeting, shall be deferred for up to fifteen (15) days from the date on which such meeting is requested or such proposal tendered, if the meeting is held or proposal tendered with less than fifteen (15) days notice to all Member.  So long as both the BG Affiliate Group and the EXCO Affiliate Group hold interests in the ET/NL JDA, the Management Board will use commercially reasonable efforts to hold its meetings immediately following meetings of the ET/NL OpCom.  All meetings of the Management Board and each subcommittee shall be held in the principal offices of the Company, or elsewhere as the Management Board or such subcommittee may mutually decide which alternate location may be within or outside the State of Delaware.”
		
	(g)
	Section 5.3(g) shall be amended by deleting it in its entirety and replacing the following:

“(g)    [omitted];”
		
	(h)
	Section 5.3(i) shall be amended by deleting the first sentence and replacing it with the following:

“The secretary of the Management Board shall provide each Member with a copy of the Management Board meeting minutes relating to each decision made by the Management Board during a Management Board meeting within fifteen (15) Business Days after the end of the meeting.”

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	(i)
	Section 5.3(o) shall be amended by deleting it in its entirety and replacing it with the following:

		
	“(o)
	All notices and communications required or permitted to be given to the Board Members and the President and General Manager pursuant to this Article 5 shall be sufficient in all respects if given in writing and delivered personally, or sent by bonded overnight courier, or mailed by U.S. Express Mail or by certified or registered United States Mail with all postage fully prepaid, or sent by facsimile transmission, or by pdf e-mail (provided that any such facsimile transmission or e-mail transmission is confirmed either orally or by written confirmation), addressed to the appropriate Member at the address for such Member shown below or at such other address as such Member shall have theretofore designated by written notice delivered to the Member giving such notice: 

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	If to the President and General Manager:

	 
	Appalachia Midstream, LLC
12377 Merit Drive, Suite 1700
Dallas, Texas  75251
Attention:  President and General Manager
Telephone: (214) 368-2084
Fax: (214) 368-8754

	If to the EXCO Affiliate Group:

	 
	EXCO Holding (PA), Inc. 
12377 Merit Drive, Suite 1700 
Dallas, Texas 75251 
Attention: President  
Telephone:  (214) 368-2084 
Fax:  (214) 368-8754
With a copy to:

EXCO Resources, Inc. 
12377 Merit Drive, Suite 1700 
Dallas, Texas 75251 
Attention:  William L. Boeing, General Counsel 
Telephone:  (214) 368-2084 
Fax:  (214) 706-3409
E-mail: lboeing@excoresources.com

	If to the BG Affiliate Group:

	 
	BG US Production Company, LLC 
811 Main Street, Suite 3400 
Houston, Texas  77002 
Attention:  Roger Coe 
Telephone:  (713) 599-4000 
Fax:  (713) 599-4250
E-mail:  roger.coe@bg-group.com

BG US Production Company, LLC 
811 Main Street, Suite 3400 
Houston, Texas  77002 
Attention:  Chris Migura, Principal Counsel 
Telephone:  (713) 599-4000 
Fax:  (713) 599-4250
E-mail:  chris.migura@bg-group.com

Any notice given in accordance herewith shall be deemed to have been given when delivered to the addressee in person, or by courier, or transmitted by facsimile transmission or email during normal business hours (or, if not sent transmitted during normal business hours, on the next business day), or upon actual receipt by the addressee after such notice has either been delivered to an overnight courier or 

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deposited in the United States Mail, as the case may be.  The Members may change the address, telephone numbers, facsimile numbers and email addresses to which such communications are to be addressed by giving written notice to the other Parties in the manner provided in this Section 5.3(o).” 
		
	(j)
	Section 5.3 shall be amended by adding the following subsection (p):

		
	“(p)
	In lieu of a vote taken at a meeting or to a proposal distributed in accordance with Section 5.3(j), a written resolution of the Management Board will be effective to evidence the approval of the Management Board upon the signature of at least one of the Board Members or alternate Board Members from each Group.” 

		
	(k)
	Section 5.9(a)(i) shall be amended by deleting it in its entirety and replacing it with the following:

		
	“(i)
	The Management Board shall have the power to elect, delegate authority to, and remove such officers of the Company and the other Company Group Members as the Management Board may from time to time deem appropriate; provided, however, that each officer appointee of the Company shall serve a three (3) year term commencing as of the date of the appointment of such officer, subject to each officer’s appointment being subject to an annual ratification vote by the Management Board.  After any Management Board vote not to ratify the appointment of any officer, the Management Board shall, as soon as reasonably practicable thereafter, appoint a replacement officer, which replacement officer shall serve a three (3) year term (subject to annual ratification votes as described in this Section 5.9(a)(i)).” 

		
	(l)
	Section 5.9(a)(ii) shall be amended by deleting it in its entirety and replacing it with the following:

		
	“(ii)
	[omitted].” 

		
	(m)
	Section 5.9(b)(i) shall be amended by deleting the second sentence of such Section. 

		
	(n)
	Section 5.9(b)(ii) shall be amended by deleting it in its entirety and replacing it with the following:

“(ii)    [omitted].” 
		
	(o)
	Section 5.9(b)(iii) shall be amended by deleting it in its entirety and replacing it with the following:

“(iii)    [omitted].”
		
	(p)
	Section 5.9(b)(iv) shall be amended by deleting it in its entirety and replacing it with the following:

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“(iv)    [omitted].”
		
	(q)
	Section 5.9(b)(v) shall be amended by deleting it in its entirety and replacing it with the following:

“(v)    [omitted].” 
		
	(r)
	Section 5.9(b)(vi) shall be amended by deleting it in its entirety and replacing it with the following:

“(vi)    [omitted].”
		
	(s)
	Section 5.9(b)(vii) shall be amended by deleting it in its entirety and replacing it with the following:

“(vii)    [omitted].” 
		
	(t)
	Section 5.9(c) shall be amended by deleting the first sentence of such section. 

		
	(u)
	Section 5.10 shall be amended by adding the following subsections (d) and (e):

“(d)    For so long as EXCO is acting as Service Provider, EXCO shall actively involve BG Member in operations and activities which support Midstream Activities, including, without limitation, by providing a representative of BG Member the opportunity to participate in (or send another available BG Member representative to) organized pre-scheduled meetings relating to the Midstream Assets and/or Midstream Activities, including management team meetings, supply-chain meetings, organization or functional meetings, EHS meetings and contractor committee meetings.  
(e)    To assist BG Member with any asset disposition analysis or efforts relating to its disposition of Midstream Assets, for so long as EXCO is acting as Service Provider, EXCO shall, at BG Member’s sole cost and expense and without any liability of EXCO or its Affiliates whatsoever (except for liabilities arising due to the willful misconduct of EXCO or its Affiliates), provide support services for any such asset disposition analysis or efforts including, without limitation, assisting with data presentation, providing responses to data requests by BG Member, providing access to records and data for third party diligence, and gathering data for purchase and sale agreement representation and warranties; provided that no employee of EXCO or its Affiliates shall be required to make any presentation to potential purchasers.  BG Member shall indemnify EXCO and its Affiliates, employees and representatives for any and all claims and liabilities arising out of or related to any services provided pursuant to this Section in connection with any such proposed asset disposition, except for claims arising due to the willful misconduct of EXCO or its Affiliates.”
		
	(v)
	Section 5.12(b)(i) shall be amended by deleting the phrase “within 24 hours of the Vice President of HSSE receiving notice thereof” and replacing it with the phrase 

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“within 24 hours of the officer of the Company principally responsible for the Company’s EHS functions receiving notice thereof”.  
		
	(w)
	Section 5.12(b)(iv) shall be amended by replacing the phrase “for the purpose of observing operations or conducting HSSE and asset integrity audits” with the phrase “for the purpose of observing operations and conducting general audit activities, including conducting EHS and asset integrity audits”.  

		
	(x)
	Section 6.4 shall be amended by adding the following subsection (e):

“(e)    Within ten (10) days after the end of each Calendar Month, Company shall provide each Member with a list of Company Group O&M Contracts that can reasonably be expected to result in aggregate payment to the counterparty of more than two hundred and fifty thousand dollars (US$250,000), together with the status of any negotiations or tender process relating to any unexecuted Company Group O&M Contracts as of the end of the Calendar Month.”
		
	(y)
	Section 13.1(a) shall be amended by deleting the phrase “Each Non-Acquiring Member shall have a period of sixty (60) days after receipt of the Offer Notice” and replacing it with the phrase “Each Non-Acquiring Member shall have until the end of the AMI Election Period”.

		
	(z)
	Section 13.1(f) shall be amended by deleting the phrase “within thirty (30) days of its receipt of the Offer Notice stating that it does not agree with the Acquiring Member’s statement of the Cash Value” and replacing it with the phrase “within twenty (20) days of its receipt of the Offer Notice stating that it does not agree with the Acquiring Member’s statement of the Cash Value”. 

		
	(aa)
	Section 16.2 shall be amended by deleting it in its entirety and replacing it with the following:

“Notices. All notices and communications required or permitted to be given hereunder shall be sufficient in all respects if given in writing and delivered personally, or sent by bonded overnight courier, or mailed by U.S. Express Mail or by certified or registered United States Mail with all postage fully prepaid, or sent by facsimile transmission (provided any such facsimile transmission is confirmed either orally or by written confirmation), addressed to the appropriate Party at the address for such Party shown below or at such other address as such Party shall have theretofore designated by written notice delivered to the Party giving such notice: 
If to the Company:
Appalachia Midstream, LLC 
12377 Merit Drive, Suite 1700
Dallas, Texas  75251
Attention:  President and General Manager

Page 7

Telephone: (214) 368-2084
Fax: (214) 368-8754

If to BG Member:
BG US Production Company, LLC 
811 Main Street, Suite 3400 
Houston, Texas  77002 
Attention:  Roger Coe 
Telephone:  (713) 599-4000 
Fax:  (713) 599-4250
with a copy to:
BG US Production Company, LLC
811 Main Street, Suite 3400 
Houston, Texas  77002
Attention:    Chris Migura, Principal Counsel
Telephone:    (713) 599-4000
Fax:    (713) 599-4250

If to EXCO Member:
EXCO Holding (PA), Inc.
12377 Merit Drive, Suite 1700
Dallas, Texas  75251
Attention:    President 
Telephone:    (214) 368-2084
Fax:    (214) 368-8754

with a copy to:
EXCO Resources, Inc.
12377 Merit Drive, Suite 1700
Dallas, Texas  75251
Attention:     William L. Boeing, Vice President, 
                    General Counsel, and Secretary
Telephone:    (214) 368-2084
Fax:    (214) 706-3409
Any notice given in accordance herewith shall be deemed to have been given when delivered to the addressee in person, or by courier, or transmitted by facsimile transmission during normal business hours (or, if not sent transmitted during normal business hours, on the next business day), or upon actual receipt by the addressee after such notice has been deposited in the United States Mail, as the case may be.  Any 

Page 8

notice given to a Credit Facility Secured Party in accordance with the notice information supplied with respect to such Credit Facility Secured Party shall be deemed to have been given when delivered to the addressee in person, or by courier, or transmitted by facsimile transmission during normal business hours, or upon actual receipt by the addressee after such notice has been deposited in the United States Mail, as the case may be.  The Parties may change the address, telephone numbers, and facsimile numbers to which such communications are to be addressed by giving written notice to the other Parties in the manner provided in this Section 16.2.”
		
	(bb)
	Each use of the term “HSSE” throughout the LLC Agreement shall be deleted and replaced with the term “EHS”. The defined terms in Appendix I previously beginning with the term “HSSE” and now beginning with the term “EHS” shall be reordered in the appropriate alphabetic locations.

		
	(cc)
	Appendix I shall be amended by deleting the following defined terms in their entirety:

“HSSE”;
“Vice President of Finance and Business Services”; 
“Vice President of Asset Integrity”;
“Vice President of Commercial Operations and Business Development”;
“Vice President of Engineering and Construction”;
“Vice President of HSSE”; and
“Vice President of Operations and Maintenance”.
		
	(dd)
	Appendix I shall be amended by adding the following definitions in their correct alphabetic location:

“AMI Election Period” shall mean (a) for Offered Interests with a value (in any one or related series of transactions) of less than five hundred thousand dollars (US$500,000), from receipt of the Offer Notice until thirty (30) days from receipt of the Offer Notice, extended for a period of five (5) days following determination of the Cash Value (if applicable), and (b) for all other Offered Interests, the sixty (60) days from receipt of the Offer Notice and determination of the Cash Value (if applicable).
“EHS” means Environmental, Health and Safety.
“ET/NL JDA” means the Joint Development Agreement, dated August 14, 2009 between BG Member, EXCO and EXCO Production Company, LP (which entity merged into EXCO and terminated its separate existence) as amended by amendment 

Page 9

dated May 19, 2010, by amendment dated February 1, 2011, by amendment dated February 14, 2014 and by amendment date October 14, 2014.
“ET/NL OpCom” shall have the meaning given to the term “Operating Committee” in the ET/NL JDA.
“EXCO” means EXCO Operating Company, LP, a Delaware limited partnership. 
“Secondee” or “secondee” means any employee of a Member or an Affiliate of a Member seconded into the organization of Company or Service Provider in accordance with this Agreement.
“Service Provider” means EXCO when EXCO and/or its Affiliates provide substantial personnel services toward conducting Midstream Activities in the AMI Area either pursuant to Services Agreement(s) with the Company and/or secondment agreement(s) with the Company, which, in the case of secondment agreement(s) with the Company, means that such secondment agreement(s) entitle EXCO and/or its Affiliates to place Persons with the Company as secondees to the extent that the responsibilities of such Persons, when viewed as a whole, entitle such Persons to exert substantial management or control over the Company. 
		
	3.
	Application of Certain Provisions.  The terms of Sections 15.1, 15.2, 16.1, 16.2, 16.3, 16.4, 16.6, 16.7, 16.8, 16.9, 16.10, 16.11, 16.12(a), 16.13 and 16.14 of the LLC Agreement are incorporated herein by reference as if set out in full herein.   

		
	4.
	Ratification.  Except as amended herein, the terms and conditions of the LLC Agreement shall remain in full force and effect.  Any and all references to the LLC Agreement shall hereafter refer to the LLC Agreement as amended by this Amendment.

[Signature page follows]

Page 10

IN WITNESS WHEREOF, the Parties have executed this Amendment on the Execution Date.

	
			
	COMPANY:
	 
	EXCO APPALACHIA MIDSTREAM, LLC

	 
	 
	

	 
	 
	By:   /s/ WILLIAM L. BOEING
Name:   William L. Boeing
Title:   Vice President and General Counsel

	 
	 
	 

	 
	 
	 

	MEMBERS:
	 
	BG US PRODUCTION COMPANY, LLC

	 
	 
	 

	 
	 
	By:   /s/ ROGER COE
Name:   Roger Coe
Title:   Vice President

	 
	 
	 

	 
	 
	EXCO HOLDING (PA), INC

	 
	 
	 

	 
	 
	By:   /s/ WILLIAM L. BOEING
Name:   William L. Boeing
Title:   Vice President and General Counsel

	 
	 
	 

Signature Page to LLC Agreement AmendmentEX-10.1

 Exhibit 10.1 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

ECLIPSE RESOURCES CORPORATION 

2014 LONG-TERM INCENTIVE PLAN 

THIS RESTRICTED STOCK UNIT AWARD AGREEMENT (this “Agreement”) evidences an award made as of the [—] day of [—], [—] (the “Date of
Grant”), by ECLIPSE RESOURCES CORPORATION, a Delaware corporation (“Company”), to [—] (“Employee”). 

1. Award. Company hereby grants Employee an award (this “Award”) to receive [—] Restricted Stock Units (the “Restricted Stock Units”) whereby each Restricted Stock Unit represents the right to receive one share of common stock, par value
$0.01, of the Company (the “Stock”), plus an additional amount pursuant to Section 4, subject to certain restrictions and on the terms and conditions contained in this Agreement and the Eclipse Resources Corporation 2014
Long-Term Incentive Plan (the “Plan”). A copy of the Plan is available upon request. Except as provided below, to the extent that any provision of this Agreement conflicts with the terms of the Plan, Employee acknowledges and
agrees that those terms of the Plan shall control and, if necessary, the applicable provisions of this Agreement shall be deemed amended so as to carry out the purpose and intent of the Plan. 

2. Definitions. Capitalized terms used in this Agreement that are not defined below or in the body of this Agreement shall have
the meanings given to them in the Plan. In addition to the terms defined in the body of this Agreement, the following capitalized words and terms shall have the meanings indicated below: 

(a) “Cause” means “Cause” as defined in the employment agreement between Employee and Company, or if
“Cause” is not defined in such employment agreement or in the absence of such employment agreement, “Cause” means the occurrence of any of the following events, as reasonably determined by the Board: (i) Employee’s
willful or continued failure to perform his or her material duties for the Company; (ii) Employee’s conviction of a felony, or his or her guilty plea to or entry of a nolo contendere plea to a felony charge; (iii) the willful
or grossly negligent engagement by Employee in conduct that is materially injurious to the Company, financially or otherwise; or (iv) Employee’s breach of any material term of the Company’s material written policies and material
procedures, as in effect from time to time. 
 (b) “Change of Control Period” means the 24-month period beginning on
the date on which occurs a Change of Control. 
 (c) “Disability” means “Disability” as defined in the
employment agreement between Employee and Company, or if “Disability” is not defined in such employment agreement or in the absence of such employment agreement, “Disability” means Employee’s inability to engage in any
substantial gainful activity necessary to perform his or her duties hereunder by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted, or can be expected to last, for a
continuous period of not less than twelve (12) months. Employee agrees to submit to such medical examinations as may be necessary to determine whether a Disability exists, pursuant to such reasonable requests as may be made by the Company from
time to time. Any determination as to the existence of a Disability will be made by a physician selected by the Company. 

 (d) “Good Reason” means “Good Reason” as defined in the
employment agreement between Employee and Company, or if “Good Reason” is not defined in such employment agreement or in the absence of such employment agreement, “Good Reason” means any of the following, but only if occurring
without Employee’s written consent: (i) a material diminution in Employee’s base salary; (ii) a material diminution in Employee’s authority, duties, or responsibilities; or (iii) the relocation of Employee’s
principal office to an area more than 50 miles from its location immediately prior to such relocation. 
 (e) “Involuntary
Termination” means the Employee’s involuntary termination of employment with the Company and each of its Subsidiaries without Cause, or Employee’s voluntary termination of employment with the Company and each of its
Subsidiaries for Good Reason. 
 3. No Stockholder Rights. The Restricted Stock Units granted pursuant to this Agreement do
not and shall not entitle Employee to any rights of a stockholder of the Company before the date shares of Stock are issued to Employee in settlement of the Award. Employee’s rights with respect to Restricted Stock Units shall remain
forfeitable at all times prior to the date on which rights become vested and the restrictions with respect to the Restricted Stock Units lapse in accordance with Section 6 or 8. 

4. Dividend Equivalents. If the Company declares and pays a dividend in respect of its outstanding shares of Stock and, on the
record date for such dividend, Employee holds Restricted Stock Units granted pursuant to this Agreement that have not been settled, the Company shall pay to Employee an amount in cash equal to the cash dividends Employee would have received if he or
she were the beneficial owner, as of such record date, of the number of shares of Stock related to the portion of Employee’s 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 dividend equivalent payment be made later than 30 days following the date on which the Company pays such dividend). 

5. Conversion of Restricted Stock Units; Issuance of Stock; Payment of Stock. No shares of Stock shall be issued to Employee
prior to the date on which the Restricted Stock Units vest and the restrictions with respect to the Restricted Stock Units lapse, in accordance with Section 6 or 8. After any Restricted Stock Units vest pursuant to Section 6 or 8 the
Company shall, on or promptly following the applicable dates set forth in Section 7, cause to be issued Stock in book entry form registered in Employee’s name in payment of such vested Restricted Stock Units upon receipt by the Company of
any required tax withholding with respect to such shares. The value of any fractional Restricted Stock Units shall be paid in cash at the time Stock is issued to Employee in connection with the Restricted Stock Units. The value of the fractional
Restricted Stock Units shall equal the percentage of a Restricted Stock Unit represented by a fractional Restricted Stock Unit multiplied by the Fair Market Value of the Stock. The value of such shares of Stock shall not bear any interest owing to
the passage of time. 

  
 2 

 6. Expiration of Restrictions and Risk of Forfeiture. Subject to the terms and
conditions of this Agreement, the forfeiture restrictions on the Restricted Stock Units granted pursuant to this Agreement will expire in [—] installments beginning on [—] (each such date, a “Vesting Date”); provided, however, that such restrictions will expire on the Vesting Date only if Employee has been an employee of the Company
or of a Subsidiary continuously from the Date of Grant through the applicable Vesting Date. 
 7. Payment Date. The payment
date of the Stock related to Employee’s Restricted Stock Units will be the date on which the restrictions on such Restricted Stock Units expire as provided in Section 6 or Section 8 of this Agreement; provided that, in the event that
restrictions on Employee’s Restricted Stock Units expire due to the termination of Employee’s employment relationship with the Company and each of its Subsidiaries by which Employee is employed as a result of Employee’s retirement at
or after having attained age 65, then the payment date of the Stock related to such Restricted Stock Units will be the date on which the restrictions on such Restricted Stock Units would have expired as provided in Section 6 had Employee
remained an employee of the Company or of a Subsidiary continuously from the date of this Agreement through the Vesting Date. 
 8.
Termination of Employment; Change of Control. 
 (a) Death or Disability. If Employee’s employment with the
Company and each of its Subsidiaries terminates due to Employee’s death or Disability, then all of the Restricted Stock Units granted pursuant to this Agreement shall become immediately and unconditionally vested and unrestricted and the shares
of Stock related to such Restricted Stock Units shall be paid to Employee (or Employee’s legal representative, if applicable) as soon as practicable. 

(b) Normal Retirement. If Employee’s employment with the Company and each of its Subsidiaries terminates due to
Employee’s retirement at or after having attained age 65, then all of the Restricted Stock Units granted pursuant to this Agreement shall become immediately and unconditionally vested and unrestricted and the shares of Stock related to such
Restricted Stock Units shall be paid to Employee on the date or dates on which the restrictions on such Restricted Stock Units would have expired as provided in Section 6 had Employee remained an employee of the Company or of a Subsidiary
continuously from the date of this Agreement through the applicable Vesting Date. 
 (c) Involuntary Termination Outside of Change of
Control Period. If Employee incurs an Involuntary Termination outside of a Change of Control Period, then the restrictions on a number of the Restricted Stock Units shall automatically lapse such that the number of Restricted Stock Units for
which the restrictions have lapsed as of the termination date will be equal to the product of (i) the total number of Restricted Stock Units granted to Employee pursuant to this Agreement, times (ii) a fraction, the numerator of which is
the number of full months (counting the month in which Employee’s termination of employment occurs as a full month), beginning with the first full month following the date of this Agreement during which Employee was employed by the Company or
any Subsidiary and the denominator of which is 36. The shares of Stock related to such Restricted Stock Units shall be paid to Employee as soon as practicable following Employee’s termination date. 

  
 3 

 (d) Involuntary Termination During Change of Control Period. If Employee incurs an
Involuntary Termination during a Change of Control Period, then all of the Restricted Stock Units granted pursuant to this Agreement shall become immediately and unconditionally vested and unrestricted and the shares of Stock related to such
Restricted Stock Units shall be paid to Employee as soon as practicable following Employee’s termination date. 
 (e) Other
Termination of Employment. If Employee’s employment relationship with the Company or any of its Subsidiaries is terminated for any reason other than those listed in Section 8(a), 8(b), 8(c) or 8(d), all of Employee’s unearned
and unvested Restricted Stock Units shall terminate and automatically be canceled upon such termination of employment. 
 (f) Change
of Control. Upon a Change of Control that involves a merger, reclassification, reorganization or other similar transaction in which the surviving entity, Company’s successor or the direct or indirect parent of the surviving entity or
Company’s successor (the “Successor Entity”), fails to assume this Award or substitute this Award with a substantially equivalent award, then all of the Restricted Stock Units granted pursuant to this Agreement shall
become immediately and unconditionally vested and unrestricted and the shares of Stock related to such Restricted Stock Units shall be paid to Employee as soon as practicable following such Change of Control. 

9. Nontransferability of Awards. The Restricted Stock Units granted hereunder may not be sold, transferred, pledged, assigned,
encumbered or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Following Employee’s death, any shares of Stock distributable in respect of the Restricted Stock Units will be delivered or paid,
at the time specified in Section 7 or, if applicable, Section 8, to Employee’s beneficiary in accordance with, and subject to, the terms and conditions hereof and of the Plan. 

10. Beneficiary Designation. Employee may from time to time name any beneficiary or beneficiaries (who may be named contingently
or successively) to whom shall be delivered or paid under this Agreement following Employee’s death any shares of Stock that are distributable or cash payable hereunder in respect of Employee’s Restricted Stock Units at the time specified
in Section 7 or, if applicable, Section 8. Each designation will revoke all prior designations, shall be in a form prescribed by the Board, and will be effective only when filed in writing with the Board during Employee’s lifetime. In
the absence of any such effective designation, shares of Stock issuable in connection with Employee’s death shall be paid to Employee’s surviving spouse, if any, or otherwise to Employee’s estate. 

11. Adjustments in Respect of Restricted Stock Units. In the event there is any change in the Stock by reason of any
reorganization, recapitalization, stock split, stock dividend, combination of shares or otherwise, the number of shares associated with the Award of Restricted Stock Units subject to this Agreement shall be adjusted in the manner consistent with the
adjustment provisions provided in Section 3.07 of the Plan. 

  
 4 

 12. Effect of Settlement. Upon conversion into shares of Stock, the applicable
Restricted Stock Units subject to the Award shall be cancelled and terminated. 
 13. Recoupment. Notwithstanding any other
provision herein, the Award and any shares Stock that may be issued, delivered or paid in respect of the Award, as well as any consideration that may be received in respect of a sale or other disposition of any such shares of Stock, shall be subject
to any recoupment, “clawback” or similar provisions of applicable law, as well as any recoupment or “clawback” policies of the Company that may be in effect from time to time. In addition, the Company may require Employee to
deliver or otherwise repay to Company the Award and any shares of Stock delivered or paid in respect of the Award, as well as any consideration that may be received in respect of a sale or other disposition of any such shares of Stock, if the
Company reasonably determines that during Employee’s employment with the Company a Subsidiary, or at any time thereafter, Employee (a) has committed or engaged in a breach of confidentiality, or an unauthorized disclosure or use of inside
information, customer lists, trade secrets or other confidential information of Company or any of its Subsidiaries; or (b) materially breached any agreement to which Employee is a party with Company or any of its Subsidiaries, including, but
not limited to, any non-competition or non-solicitation agreement. 
 14. Furnish Information. Employee agrees 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. 

15. Payment of Taxes. Company may from time to time require Employee to pay to the Company (or the Company’s Subsidiary if
Employee is an employee of a Subsidiary) the amount that Company deems necessary to satisfy Company’s or its Subsidiary’s current or future obligation to withhold federal, state or local income or other taxes that Employee incurs as a
result of the Award. With respect to any required tax withholding, unless another arrangement is permitted by Company in its discretion, Company shall withhold from the shares of Stock to be issued to Employee the number of shares necessary to
satisfy the Company’s obligation to withhold taxes, that determination to be based on the shares’ Fair Market Value at the time as of which such determination is made. In the event Company subsequently determines that the aggregate Fair
Market Value of any shares of Stock withheld as payment of any tax withholding obligation is insufficient to discharge that tax withholding obligation, then Employee shall pay to the Company, immediately upon the Company’s request, the amount
of that deficiency. 
 16. Right of the Company and Subsidiaries to Terminate Employment. Nothing contained in this Agreement
shall confer upon Employee the right to continue in the employ of the Company or any Subsidiary of the Company, or interfere in any way with the rights of the Company or any Subsidiary of the Company to terminate Employee’s employment at any
time. 
 17. No Liability for Good Faith Determinations. Neither the Company nor the members of the Board and the Board shall
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. 

  
 5 

 18. No Guarantee of Interests. The Board and the Company do not guarantee the Stock
from loss or depreciation. 
 19. Company Records. Records of the Company or its Subsidiaries regarding Employee’s period
of employment, termination of employment and the reason therefor, leaves of absence, re-employment, and other matters shall be conclusive for all purposes hereunder, unless determined by the Board to be incorrect. 

20. Severability. If any provision of this Agreement is held to be illegal or invalid for any reason, the illegality or
invalidity shall not affect the remaining provisions hereof, but such provision shall be fully severable and this Agreement shall be construed and enforced as if the illegal or invalid provision had never been included herein. 

21. Notices. Whenever any notice is required or permitted hereunder, such notice must be in writing and personally delivered or
sent by mail. Any such notice required or permitted to be delivered hereunder shall be deemed to be delivered on the date on which it is personally delivered, or, whether actually received or not, on the third Business Day after it is deposited in
the United States mail, certified or registered, postage prepaid, addressed to the person who is to receive it at the address which such person has theretofore specified by written notice delivered in accordance herewith. Company or Employee may
change, at any time and from time to time, by written notice to the other, the address which it or he had previously specified for receiving notices. 

Company and Employee agree that any notices shall be given to the Company or to Employee at the following addresses: 

 

					
			 Company:
		Eclipse Resources Corporation
					Attn: General Counsel
					2121 Old Gatesburg Road, Suite 110
					State College, Pennsylvania 16803
			
			 Employee:
		At Employee’s current address as shown in Company’s records.

 22. Waiver of Notice. Any person entitled to notice hereunder may waive such notice in writing.

 23. Successor. This Agreement shall be binding upon Employee, Employee’s legal representatives, heirs, legatees and
distributees, and upon Company, its successors and assigns. 
 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.
All questions arising with respect to the provisions of this Agreement shall be determined by application of the laws of the State of Delaware except to the extent Delaware law is preempted by federal law. 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. 

  
 6 

 26. Execution of Receipts and Releases. Any payment of cash or any issuance or
transfer of shares of Stock or other property to Employee, or to Employee’s 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. Company may require Employee or Employee’s 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. 
 27. Amendment. This Agreement may be amended at any time unilaterally by the Company provided that such
amendment is consistent with all applicable laws and does not reduce any rights or benefits Employee has accrued pursuant to this Agreement. This Agreement may also be amended at any time unilaterally by the Company to the extent the Company
believes in good faith that such amendment is necessary or advisable to bring this Agreement into compliance with any applicable laws, including Section 409A of the Code. 

28. The Plan. This Agreement is subject to all the terms, conditions, limitations and restrictions contained in the Plan. 

29. Agreement Respecting Securities Act of 1933. Employee represents and agrees that Employee will not sell the Stock that may
be issued to Employee pursuant to Employee’s Restricted Stock Units except pursuant to an effective registration statement under the Securities Act of 1933 (the “1933 Act”) or pursuant to an exemption from registration
under the 1933 Act (including Rule 144 promulgated under the 1933 Act). 
 30. No Shareholder Rights. The Restricted Stock
Units granted pursuant to this Agreement do not and shall not entitle Employee to any rights as a shareholder of Stock until such time as Employee receives shares of Stock pursuant to this Agreement. Employee’s rights with respect to the
Restricted Stock Units shall remain forfeitable at all times prior to the date on which Employee’s rights become earned in accordance with this Agreement. 

31. Electronic Delivery and Acknowledgement. By Employee’s acceptance of this award, Employee is acknowledging that he or
she has received and read, understands and accepts all the terms, conditions and restrictions of this Agreement and the Plan. Company may, in its sole discretion, deliver any documents related to this award and this Agreement, or other awards that
have been or may be awarded under the Plan, by electronic means, including prospectuses, proxy materials, annual reports and other related documents, and the Company may, in its sole discretion, engage a third party to effect the delivery of these
documents on its behalf and provide other administrative services related to this award and the Plan. By Employee’s acceptance of the Award represented by this Agreement, Employee consents to receive such documents by electronic delivery and to
the engagement of any such third party. 
 [Signature page follows.] 

  
 7 

 IN WITNESS WHEREOF, Company has caused this Agreement to be duly executed by an officer
thereunto duly authorized, and Employee has executed this Agreement, each effective as of the date first above written. 
  

			
	ECLIPSE RESOURCES CORPORATION:
		
	 By:
	 	 
	 Name:
	 	  

	 Title:
	 	  

  

			
	EMPLOYEE:
	
	  

	     [—]

 {Signature Page to Restricted Stock Unit Award Agreement}

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