Document:

EX-10.10

 Exhibit 10.10 

Execution Version 

AMENDED AND RESTATED VOTING AGREEMENT 

This AMENDED AND RESTATED VOTING AGREEMENT (this “Agreement”) is made and entered into effective as of
February 9, 2018 (the “Effective Date”) by and among Alta Mesa Holdings GP, LLC, a Delaware limited liability company (the “General Partner”), BCE-AMH
Holdings, LLC, a Delaware limited liability company (“BCE-AMH”), BCE-MESA Holdings, LLC, a Delaware limited liability company (“BCE-MESA” and together with BCE-AMH, “Bayou City”), (i) Mezzanine Partners II Delaware Subsidiary, LLC, (ii) Offshore Mezzanine
Partners Master Fund II, L.P., (iii) Institutional Mezzanine Partners II Subsidiary, L.P., (iv) AP Mezzanine Partners II, L.P., (v) The Northwestern Mutual Life Insurance Company, (vi) The Northwestern Mutual Life Insurance Company For its
Group Annuity Separate Account, (vii) Northwestern Mutual Capital Strategic Equity Fund III, LP, (viii) KCK-AMIH, Ltd., (ix) United Insurance Company of America, and (x) Jade Real Assets Fund,
L.P. (the entities in clauses (i) through (x), collectively, “HPS”), Michael E. Ellis, an individual (“Ellis”), Harlan H. Chappelle, an individual (“Chappelle”, and
together with Bayou City, HPS and Ellis, the “Existing Owners”) and SRII Opco, LP, a Delaware limited partnership (“SRII Opco”). The General Partner, Bayou City, HPS, Ellis, Chappelle and SRII Opco are
each referred to herein individually as a “Party” and collectively as the “Parties”. Capitalized terms used and not otherwise defined in this Agreement shall have the meanings assigned to them in the
LLC Agreement (as defined below). 
 WHEREAS, prior to the Effective Date, voting control of the General Partner was governed by that
certain Voting Agreement dated as of August 16, 2017, by and among the Existing Owners and High Mesa Holdings, LP, a Delaware limited partnership (“HMH LP”) (the “Original Voting Agreement”); 

WHEREAS, SRII Opco and the Existing Owners constitute all of the Class B Members of the General Partner, pursuant to the terms of that
certain Sixth Amended and Restated Limited Liability Company Agreement of the General Partner by and between SRII Opco and the Existing Owners, dated February 9, 2018 attached hereto as Exhibit A (as amended or otherwise modified from
time to time, the “LLC Agreement”); 
 WHEREAS, pursuant to the LLC Agreement, the holders of the Class B Units
collectively have one hundred percent (100%) of the voting power held by the Members of the General Partner; 
 WHEREAS, SRII Opco holds
ninety percent (90%) of Class B Units and the Existing Owners collectively hold ten percent (10%) of the Class B Units; 

WHEREAS, the Parties now desire to amend and restate the Original Voting Agreement in its entirety to reflect that voting control of the
General Partner will be vested in SRII Opco; and 
 WHEREAS, the Class B Members desire to enter into this Agreement to form a
“group” (within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended) with, and to vest 100% voting control of the General Partner in, SRII Opco. 

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

ARTICLE I 
 VOTING

 1.1 Units Subject to Agreement. Each Existing Owner agrees that all Class B Units that the Existing Owner purchases,
acquires the right to vote with respect to or otherwise acquires beneficial ownership of, including any equity securities issued on, or in exchange for, any of the Class B Units held by the Existing Owner by reason of any distribution,
combination, split, or the like with respect to such Class B Units, after the execution of this Agreement shall be subject to the terms of this Agreement in all respects. In addition, each Existing Owner agrees that should it Transfer to any
Person any of its right, title or interest in and to its Class B Units, the right, title or interest to the Class B Units so Transferred shall be subject to this Agreement. 

1.2 Agreement to Vote Units. Each Existing Owner hereby agrees, notwithstanding anything to the contrary set forth in the LLC Agreement,
to vote each of its Class B Units as directed by SRII Opco at any meeting of Members on each matter with respect to which that Existing Owner’s Class B Units shall be entitled to vote, or in lieu of any such meeting, to give its
written consent under the LLC Agreement. 
 1.3 Irrevocable Proxy. On the Effective Date, each Existing Owner hereby appoints SRII
Opco its proxy and attorney-in-fact, with full power of substitution and resubstitution, to vote or act by written consent during the term of this Agreement with respect
to its Class B Units in accordance with Section 1.2. This proxy and power of attorney is given to secure the performance of the duties of each respective Existing Owner under this Agreement. This proxy and power of
attorney granted by each respective Existing Owner shall be irrevocable during the term of this Agreement, shall be deemed to be coupled with an interest sufficient in law to support an irrevocable proxy and shall revoke any and all prior proxies
granted by an Existing Owner with respect to its Class B Units. The power of attorney granted by each respective Existing Owner herein is a durable power of attorney and shall survive the dissolution, bankruptcy, death or incapacity of the
applicable Existing Owner. The proxy and power of attorney granted hereunder shall terminate upon the termination of this Agreement. 
 1.4
No Voting Trusts or Other Arrangement. Each Existing Owner agrees that it will not, and will not permit any entity under its control to, deposit any of its Class B Units in a voting trust, grant any proxies with respect to its
Class B Units or, except as otherwise contemplated by this Agreement, subject any of its Class B Units to any arrangement with respect to the voting of such Class B Units. 

  
 2 

 ARTICLE II 

EFFECTIVE; TERMINATION 

This Agreement shall become effective as of the Effective Date and this Agreement shall terminate and no longer be of force and effect with
respect to an Existing Owner upon the occurrence of any of the following events: 
 (i) a written notice executed by SRII Opco evidencing its
determination to terminate the Agreement; or 
 (ii) the date the Existing Owners and the entities under their respective control no longer
own any Class B Units. 
 ARTICLE III 

MISCELLANEOUS 
 3.1
Legend. Each Existing Owner agrees that each certificate representing each of its Class B Units shall be inscribed with a legend substantially in the following form: 

THE MEMBERSHIP INTERESTS EVIDENCED HEREBY ARE SUBJECT TO AN AMENDED AND RESTATED VOTING AGREEMENT DATED AS OF FEBRUARY 9, 2018, A COPY OF
WHICH IS ON FILE AND MAY BE INSPECTED AT THE PRINCIPAL OFFICE OF THE GENERAL PARTNER DURING ITS REGULAR BUSINESS HOURS. ANY PERSON ACCEPTING ANY INTEREST IN SUCH MEMBERSHIP INTEREST SHALL THEREBY BE DEEMED TO HAVE AGREED TO AND SHALL THEREAFTER BE
BOUND BY ALL THE PROVISIONS OF SUCH AMENDED AND RESTATED VOTING AGREEMENT. 
 3.2 Authorization. Each Existing Owner represents and
warrants to each of the other Parties that (a) it has not, prior to the date of this Agreement, executed or delivered any proxy or entered into any other agreement or similar arrangement, executed or delivered any proxy or entered into any
other voting agreement or similar arrangement with respect to its Class B Units, and (b) it has full power and capacity to execute, deliver and perform this Agreement, which has been duly executed and delivered by, and evidences the valid
and binding obligation of, that Existing Owner, enforceable in accordance with its terms. 
 3.3 Specific Enforcement. Each Party
acknowledges and agrees that money damages would not be an adequate remedy for any breach of the provisions of this Agreement and that any Party may, in such Party’s sole discretion and in addition to or in lieu of any other remedies available
to such Party at law or in equity, apply to any court of competent jurisdiction for specific performance or injunctive relief in order to enforce or prevent any violation of the provisions of this Agreement. 

3.4 Amendments and Waivers. This Agreement or any provision hereof may be amended and the observance of any provision hereof may be
waived (either generally or in a particular instance and either retroactively or prospectively) only by an instrument in writing signed by each Party. The failure of any Party to enforce any provision of this Agreement shall in no way be construed
as a waiver of such provision and shall not affect the right of such Party thereafter to enforce each and every provision of this Agreement. 

  
 3 

 3.5 Severability. This Agreement is intended to be valid and effective under any
applicable law and, to the extent permissible under applicable law, shall be construed to avoid violation of or invalidity under any applicable law. Should any provisions of this Agreement become invalid, illegal, or unforeseeable under any
applicable law, the other provisions of this Agreement shall be reformed, construed and enforced so as to give full force and effect to the original intent of the Parties. 

3.6 Successor and Assigns. This Agreement, including, without limitation, any amendment or waiver of the observance thereof effected in
accordance with Section 3.4, shall inure, to the benefit of and be binding upon the Parties and their respective heirs, successors, assigns, administrators, executors, and other legal representatives; provided that no
Existing Owner may assign, delegate or otherwise transfer this Agreement or any of its rights or obligations hereunder without the prior consent of the General Partner and SRII Opco in writing, and any such purported assignment, delegation or
transfer by that Existing Owner without such consent shall be void. Each Existing Owner acknowledges and agrees that the General Partner will not permit the transfer of all or any portion of its Class B Units on its books or the issuance of a
new certificate representing all or any portion of its Class B Units unless and until the person to whom such security is to be transferred shall have executed a written agreement, satisfactory in form and substance to the General Partner and
SRII Opco, pursuant to which such person agrees to be bound by all the provisions hereof. 
 3.7 Counterparts. This Agreement may be
executed in any number of counterparts with the same effect as if the signatures to each counterpart were upon the same instrument. 
 3.8
Notice. Any and all notices, requests, consents or other communications permitted or required to be given under the terms of this Agreement shall be in writing and shall be deemed received (a) if given by electronic mail with
acknowledgement of receipt requested or received, when transmitted on a business day and during normal business hours of the recipient, and otherwise on the next business day following transmission, (b) if given by certified mail, return
receipt requested, postage prepaid, three (3) business days after being deposited in the United States mails and (c) if given by Federal Express service or other means, when received or personally delivered. Notices shall be sent to the
addresses and facsimile numbers of the Parties set forth on Exhibit B hereto or at such other address as such Party may designate by advance written notice to the other Parties hereto. 

3.9 Additional Documentation. Each Existing Owner agrees to execute and deliver such additional documents and take such additional
actions as may be requested by any other Party to carry out the intent of this Agreement. 
 3.10 Governing Law. This Agreement and
any claim, controversy or dispute arising under or related in any way to this Agreement, the transactions leading to this Agreement or contemplated hereby, and/or the interpretation and enforcement of the rights and duties of the Parties or related
in any way to the foregoing, shall be governed by and construed in accordance with the internal, substantive laws of the State of Delaware applicable to agreements entered into and to be performed solely within such state without giving effect to
the principles of conflict of laws thereof. 

  
 4 

 3.11 CONSENT TO JURISDICTION AND SERVICE OF PROCESS. ANY PROCEEDING ARISING UNDER OR
RELATED IN ANY WAY TO THIS AGREEMENT, AND/OR THE INTERPRETATION AND ENFORCEMENT OF THE RIGHTS AND DUTIES OF THE PARTIES HEREUNDER OR RELATED IN ANY WAY TO THE FOREGOING MAY ONLY BE INSTITUTED IN THE STATE OR FEDERAL COURTS OF THE STATE OF DELAWARE
AND EACH PARTY WAIVES ANY OBJECTION WHICH SUCH PARTY MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING, AND IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY SUCH COURT IN ANY SUCH PROCEEDING. SERVICE OF PROCESS WITH RESPECT
THERETO MAY BE MADE UPON A PARTY HERETO BY MAILING A COPY THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO SUCH PARTY AT ITS ADDRESS AS PROVIDED ON EXHIBIT B HERETO. 

3.12 Permitted Holder Representation. Each of HPS and Bayou City hereby represents and warrants that each of HPS and Bayou City is,
respectively, a “Permitted Holder” (as such term is defined in the Indenture dated as of December 8, 2016 among Alta Mesa Holdings, LP, Alta Mesa Finance Services Corp., the subsidiary guarantors party thereto and U.S. Bank, National
Association as trustee, as amended, restated or modified from time to time (the “Indenture”)) pursuant to the terms of the Indenture. 

3.13 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS
LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY
WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (B) EACH SUCH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) EACH SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (D) EACH SUCH
PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 3.13. 

3.14 No Third Party Beneficiaries. Nothing herein expressed or implied is intended to confer upon any person, other than the Parties
hereto or their respective permitted assigns, successors, heirs and legal representatives, any rights, remedies, obligations or liabilities under or by reason of this Agreement. 

(Signature page follows) 

  
 5 

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

			
	GENERAL PARTNER:
	
	 ALTA MESA HOLDINGS GP, LLC,

a Delaware limited liability company

	[Solely for purposes of enforcing Sections 3.1 and 3.6 of this Agreement]
		
	By:	 	 /s/ Harlan H. Chappelle

		 	Harlan H. Chappelle,
		 	President and Chief Executive Officer
	
	SRII OPCO:
	
	SRII OPCO, LP
	a Delaware limited partnership
		
	By:	 	SRII Opco GP, LLC,
		 	a Delaware limited liability company,
		 	its General Partner
		
	By:	 	 /s/ Stephen S. Coats

		 	Name: Stephen S. Coats
		 	Title: Secretary
	
	HMH LP:
	
	 HIGH MESA HOLDINGS, LP,
 a
Delaware limited partnership

	[Solely to evidence its approval of this amendment and restatement of the Original Voting Agreement in accordance with Section 3.4 thereof]
		
	By:	 	High Mesa Holdings GP, LLC,
		 	a Delaware limited liability company,
		 	its General Partner
		
	By:	 	 /s/ Harlan H. Chappelle

		 	Harlan H. Chappelle,
		 	President and Chief Executive Officer

 Signature Page to the 

A&R Voting Agreement 

 
			
	 EXISTING OWNERS:

	
	 BCE-AMH HOLDINGS, LLC,

a Delaware limited liability company

	
	By: Bayou City Energy Management LLC
	Its: Manager
		
	By:	 	 /s/ William W. McMullen

		 	Name: William W. McMullen
		 	Title: Managing Partner
	
	 BCE-MESA HOLDINGS, LLC,

a Delaware limited liability company

	
	By: Bayou City Energy Management LLC
	Its: Manager
		
	By:	 	 /s/ William W. McMullen

		 	Name: William W. McMullen
		 	Title: Managing Partner
	
	MEZZANINE PARTNERS II DELAWARE SUBSIDIARY, LLC
		
	By:	 	HPS Mezzanine Partners II, LLC
	Its:	 	Investment manager
		
	By:	 	HPS Investment Partners, LLC
	Its:	 	Sole and managing member
		
	By:	 	 /s/ Don Dimitrievich

		 	Name: Don Dimitrievich
		 	Title: Managing Director

 Signatures Continue on Next Page. 

  
 7 

 
			
	OFFSHORE MEZZANINE PARTNERS MASTER FUND II, L.P.
		
	By:	 	HPS Mezzanine Partners II, LLC
	Its:	 	Investment manager
		
	By:	 	HPS Investment Partners, LLC
	Its:	 	Sole and managing member
		
	By:	 	 /s/ Don Dimitrievich

		 	Name: Don Dimitrievich
		 	Title: Managing Director
	
	INSTITUTIONAL MEZZANINE PARTNERS II SUBSIDIARY, L.P.
		
	By:	 	HPS Mezzanine Partners II, LLC
	Its:	 	Investment manager
		
	By:	 	HPS Investment Partners, LLC
	Its:	 	Sole and managing member
		
	By:	 	 /s/ Don Dimitrievich

		 	Name: Don Dimitrievich
		 	Title: Managing Director
	
	AP MEZZANINE PARTNERS II, L.P.
		
	By:	 	HPS Mezzanine Partners II, LLC
	Its:	 	Investment manager
		
	By:	 	HPS Investment Partners, LLC
	Its:	 	Sole and managing member
		
	By:	 	 /s/ Don Dimitrievich

		 	Name: Don Dimitrievich
		 	Title: Managing Director

 Signatures Continue on Next Page. 

  
 8 

 
			
	THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY
		
	By:	 	HPS Investment Partners, LLC, pursuant to proxy
		
	By:	 	 /s/ Don Dimitrievich

		 	Name: Don Dimitrievich
		 	Title: Managing Director
	
	THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY FOR ITS GROUP ANNUITY SEPARATE ACCOUNT
		
	By:	 	HPS Investment Partners, LLC, pursuant to proxy
		
	By:	 	 /s/ Don Dimitrievich

		 	Name: Don Dimitrievich
		 	Title: Managing Director
	
	NORTHWESTERN MUTUAL CAPITAL STRATEGIC EQUITY FUND III, LP
		
	By:	 	Northwestern Mutual Capital GP III, LLC
	Its:	 	General Partner
		
	By:	 	Northwestern Mutual Capital, LLC
	Its:	 	Manager
		
	By:	 	HPS Investment Partners, LLC, pursuant to proxy
		
	By:	 	 /s/ Don Dimitrievich

		 	Name: Don Dimitrievich
		 	Title: Managing Director

 Signatures Continue on Next Page. 

  
 9 

 
			
	KCK-AMIH, LTD.
		
	By:	 	HPS Investment Partners, LLC, as attorney in fact
		
	By:	 	 /s/ Don Dimitrievich

		 	Name: Don Dimitrievich
		 	Title: Managing Director
	
	UNITED INSURANCE COMPANY OF AMERICA
		
	By:	 	HPS Investment Partners, LLC, as attorney-in-fact
		
	By:	 	 /s/ Don Dimitrievich

		 	Name: Don Dimitrievich
		 	Title: Managing Director
	
	JADE REAL ASSETS FUND, L.P.
		
	By:	 	HPS Investment Partners, LLC
	Its:	 	Investment manager
		
	By:	 	 /s/ Don Dimitrievich

		 	Name: Don Dimitrievich
		 	Title: Managing Director
	
	/s/ Michael E. Ellis
	  
 MICHAEL E.
ELLIS

	
	/s/ Harlan H. Chappelle
	  
 HARLAN H.
CHAPPELLE

 End of Signatures. 

  
 10 

 EXHIBIT A 

(LLC Agreement) 

 EXHIBIT B 
  

			
	 Name
	  	 Address

		
	Alta Mesa Holdings GP, LLC	  	 Attn: Michael A. McCabe
 15021 Katy Freeway

Suite 400
 Houston, Texas 77094

Facsimile: (281) 530-5278

Email: mmcabe@altamesa.net

		
	SRII Opco, LP	  	 Attn: Harlan H. Chappelle
 15021 Katy
Freeway
 Suite 400
 Houston, Texas 77094

Facsimile: ________________
 Email:
hchappelle@altamesa.net

		
	 BCE-MESA Holdings, LLC

BCE-AMH Holdings, LLC
	  	 Attn: William W. McMullen
 Address: 1201
Louisiana Street
 Suite 3308
 Houston, Texas 77002

Facsimile: (713) 400-8210

Email: will@bayoucityenergy.com

		
	Mezzanine Partners II Delaware Subsidiary, LLC	  	 Attn: Faith Rosenfeld
 c/o HPS Investment
Partners, LLC
 40 West 57th Street 33rd Floor
 New York, NY
10019
 Facsimile: (646) 955-4419

Email: Faith.Rosenfeld@hpspartners.com

		
	Offshore Mezzanine Partners Master Fund II, L.P.	  	 Attn: Faith Rosenfeld
 c/o HPS Investment
Partners, LLC
 40 West 57th Street 33rd Floor
 New York, NY
10019
 Facsimile: (646) 955-4419

Email: Faith.Rosenfeld@hpspartners.com

		
	Institutional Mezzanine Partners II Subsidiary, L.P.	  	 Attn: Faith Rosenfeld
 c/o HPS Investment
Partners, LLC
 40 West 57th Street 33rd Floor
 New York, NY
10019
 Facsimile: (646) 955-4419

Email: Faith.Rosenfeld@hpspartners.com

		
	AP Mezzanine Partners II, L.P.	  	 Attn: Faith Rosenfeld
 c/o HPS Investment
Partners, LLC
 40 West 57th Street 33rd Floor
 New York, NY
10019
 Facsimile: (646) 955-4419

Email: Faith.Rosenfeld@hpspartners.com

			
		
	The Northwestern Mutual Life Insurance Company	  	 Attn: Securities Department
 The Northwestern
Mutual Life Insurance Company
 720 East Wisconsin Avenue

Milwaukee, WI 53202
 Email:
privateinvest@northwesternmutual.com

		
	The Northwestern Mutual Life Insurance Company For Its Group Annuity Separate Account	  	 Attn: Securities Department
 The Northwestern
Mutual Life Insurance Company
 720 East Wisconsin Avenue

Milwaukee, WI 53202
 Email:
privateinvest@northwesternmutual.com

		
	Northwestern Mutual Capital Strategic Equity Fund III, LP	  	 Attn: Securities Department
 The Northwestern
Mutual Life Insurance Company
 720 East Wisconsin Avenue

Milwaukee, WI 53202
 Email:
privateinvest@northwesternmutual.com

		
	KCK-AMIH, Ltd.	  	 Attn: Jeff Owens
 DLA Piper LLP (US)

203 LaSalle Street
 Chicago, IL 60601 USA

Facsimile: (312) 630-5384

Email: jeff.owens@dlapiper.com
  

Attn: Steven Yentzer
 DLA Piper LLP (US)

701 Fifth Avenue, Suite 7000
 Seattle, WA 98104 USA

Facsimile: (206) 839-4801

Email: steven.yentzer@dlapiper.com with a cc to kimberley.tibbert@dlapiper.com
  

Attn: Alan H. Hammerman
 2700 Patriot Blvd., Suite 170

Glenview, IL 60026
 Facsimile: (847) 729-0704
 Email: lawoff@ameritech.net
  

Attn: Nael Kassar
 KCK, Ltd.

10 Ulster Terrace
 London NW1 4PJ, England

Email: nael.kassar@kckgroup.net with a cc to sacy.antoine@gmail.com

			
		
	United Insurance Company of America	  	 Attn: Nathan Harnetiaux
 c/o Kemper
Corporation
 One East Wacker Drive, 9th Floor
 Chicago, IL
60601
 Email: nharnetiaux@kemper.com

		
	Jade Real Assets Fund, L.P.	  	 Attn: Faith Rosenfeld
 c/o HPS Investment
Partners, LLC
 40 West 57th street 33rd Floor
 New York, NY
10019
 Facsimile: (646) 955-4419

Email: Faith.Rosenfeld@hpspartners.com

		
	Michael E. Ellis	  	 c/o Alta Mesa Investment Holdings Inc.
 15021
Katy Freeway
 Suite 400
 Houston, Texas 77094

Facsimile: (281) 530-5278

Email: mellis@altamesa.net

		
	Harlan H. Chappelle	  	 c/o Alta Mesa Investment Holdings Inc.
 15021
Katy Freeway
 Suite 400
 Houston, Texas 77094

Facsimile: (281) 530-5278

Email: hchappelle@altamesa.netEX-10.11

 Exhibit 10.11 
  

 
  

 
  

OPERATING TRANSITION SERVICES AGREEMENT 
  

 
 By and Between:

 KINGFISHER MIDSTREAM, LLC, 

as the “Owner” 

and 
 ASSET RISK MANAGEMENT,
LLC, 
 as the “Operator” 

February 9, 2018 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE 1 DEFINITIONS	  	 	4	 
	1.1	 	 Defined Terms
	  	 	4	 
	1.2	 	 Certain Additional Defined Terms
	  	 	8	 
	1.3	 	 Rules of Interpretation
	  	 	8	 
		
	ARTICLE 2 TERMINATION OF OPERATING AGREEMENT; APPOINTMENT AND TERM	  	 	9	 
	2.1	 	 Operating Agreement
	  	 	9	 
	2.2	 	 Appointment
	  	 	9	 
	2.3	 	 Term
	  	 	10	 
	2.4	 	 Termination
	  	 	10	 
	2.5	 	 Effect of Termination
	  	 	10	 
	2.6	 	 Owner Obligations
	  	 	11	 
	2.7	 	 Survival
	  	 	11	 
		
	ARTICLE 3 DUTIES OF THE OPERATOR	  	 	11	 
	3.1	 	 Independent Contractor
	  	 	11	 
	3.2	 	 Subcontracting
	  	 	11	 
	3.3	 	 Services
	  	 	11	 
	3.4	 	 Limitation of Authority of Operator and Approval by Owner
	  	 	13	 
	3.5	 	 Owner Responsibilities
	  	 	14	 
		
	ARTICLE 4 BUDGET	  	 	15	 
	4.1	 	 Budget
	  	 	15	 
	4.2	 	 Preparation and Approval of Budget Amendments
	  	 	15	 
	4.3	 	 Authority for Extra Budget Expenditures
	  	 	15	 
	4.4	 	 Funding of the Management Account
	  	 	15	 
	4.5	 	 Emergencies
	  	 	15	 
		
	ARTICLE 5 ACCOUNTING AND REPORTING	  	 	16	 
	5.1	 	 Maintenance of Accounts
	  	 	16	 
	5.2	 	 Banking
	  	 	16	 
	5.3	 	 Owner Funds
	  	 	17	 
	5.4	 	 Audits
	  	 	17	 
	5.5	 	 Government Reports
	  	 	18	 
	5.6	 	 Periodic Reports and Statements
	  	 	18	 
		
	ARTICLE 6 COMPENSATION	  	 	18	 
	6.1	 	 Management Fee
	  	 	18	 
	6.2	 	 Reimbursement of Expenses
	  	 	18	 
	6.3	 	 Adjustments to Fees and Expenses
	  	 	18	 
	6.4	 	 Payment
	  	 	18	 
		
	ARTICLE 7 FORCE MAJEURE	  	 	19	 

  
 ii 

							
	7.1	 	 Nonperformance
	  	 	19	 
	7.2	 	 Duty to Mitigate
	  	 	19	 
		
	ARTICLE 8 RELEASE AND INDEMNIFICATION	  	 	19	 
	8.1	 	 Release and Indemnification by Owner
	  	 	19	 
	8.2	 	 Indemnification by Operator
	  	 	20	 
	8.3	 	 No Double Recovery
	  	 	20	 
	8.4	 	 DISCLAIMER OF LIABILITY
	  	 	20	 
	8.5	 	 Indemnification Procedures
	  	 	21	 
	8.6	 	 Sole Remedy
	  	 	22	 
		
	ARTICLE 9 CONFIDENTIAL INFORMATION; INSURANCE	  	 	22	 
	9.1	 	 Confidential Information.
	  	 	22	 
	9.2	 	 Insurance
	  	 	23	 
		
	ARTICLE 10 MISCELLANEOUS	  	 	23	 
	10.1	 	 Entire Agreement
	  	 	23	 
	10.2	 	 Amendment
	  	 	23	 
	10.3	 	 Waiver
	  	 	23	 
	10.4	 	 Assignability
	  	 	23	 
	10.5	 	 Parties in Interest
	  	 	24	 
	10.6	 	 Binding Effect
	  	 	24	 
	10.7	 	 Section Headings
	  	 	24	 
	10.8	 	 Notices
	  	 	24	 
	10.9	 	 Severability
	  	 	24	 
	10.10	 	 Governing Law
	  	 	24	 
	10.11	 	 Consent to Jurisdiction
	  	 	25	 
	10.12	 	 WAIVER OF RIGHT TO JURY TRIAL
	  	 	25	 
	10.13	 	 Further Assurances
	  	 	25	 
	10.14	 	 Counterparts
	  	 	25	 
	10.15	 	 Exhibits
	  	 	26	 
	10.16	 	 Timing
	  	 	26	 
	10.17	 	 Miscellaneous
	  	 	26	 
			
	EXHIBIT A	 	 BUDGET
	  			
	EXHIBIT B	 	 INSURANCE
	  			

 * * * * * 

  
 iii 

 OPERATING TRANSITION SERVICES AGREEMENT 

THIS OPERATING TRANSITION SERVICES AGREEMENT (as the same may be amended, restated, or otherwise modified, this “Agreement”)
is made and entered into as of the 9th day of February, 2018 (the “Effective Date”), by and between Kingfisher Midstream, LLC, a Delaware limited liability company (the “Owner”), and Asset Risk Management, LLC, a
Delaware limited liability company (the “Operator”). The Owner and the Operator are referred to herein individually as a “Party” and collectively as the “Parties”. 

RECITALS 
 A. The Owner is in the
business of owning certain gas gathering and processing systems and crude oil gathering facilities in Kingfisher County, Oklahoma (collectively, the “Systems”), as such Systems may be acquired, constructed, expanded or modified from
time to time by, or on the behalf of, the Owner. 
 B. The Parties are parties to that certain Second Amended and Restated Operating and
Construction Management Agreement by and between the Operator and the Owner, dated August 4, 2017 (the “Operating Agreement”). 

C. KFM Holdco, LLC, a Delaware limited liability company and parent of the Owner (“KFM Holdco”), entered into that certain
Contribution Agreement, by and among Silver Run Acquisition Corporation II (“Silver Run”) and the other parties thereto, dated August 14, 2017 (the “Contribution Agreement”), pursuant to which KFM Holdco
contributed all of its equity interests in the Owner to SRII Opco, LP, a Delaware limited partnership (the “Partnership”), on the Effective Date (the “Closing”). 

D. As contemplated by the Contribution Agreement, the Parties desire to (i) terminate the Operating Agreement and (ii) engage the
Operator to provide transitional services to design, construct, expand, modify, manage, operate and maintain the Systems, in each case, pursuant to the terms and conditions of this Agreement. 

AGREEMENT 
 NOW, THEREFORE, for
in consideration of the foregoing, the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 

ARTICLE 1 

DEFINITIONS 
 1.1
Defined Terms. As used in this Agreement, the following capitalized terms have the meanings set forth below: 

“Affiliate” means with respect to a Person, any Person which, directly or indirectly, controls, is controlled by or is under
common control with such Person or such Person’s members or shareholders. For purposes of this definition, “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and
policies of such individual or entity, whether through the ownership of voting securities, by contract or otherwise. 

  
 4 

 “Applicable Law” means any applicable statute, law, principle of common law,
rule, regulation, judgment, order, ordinance, requirement, code, writ, injunction, or decree of any Governmental Authority, including the Occupational Safety and Health Administration, the Environmental Protection Agency, the U.S. Federal Energy
Regulatory Commission, the U.S. Department of Transportation and the Department of Homeland Security. 
 “Bankrupt” means,
with respect to any Person, (a) the filing by such Person of a voluntary petition seeking liquidation, reorganization, arrangement or readjustment, in any form, of its debts under the U.S. Bankruptcy Code (or corresponding provisions of future
Laws) or any other insolvency Law, or a Person’s filing an answer consenting to or acquiescing in any such petition, (b) the making by such Person of any assignment for the benefit of its creditors or the admission by a Person of its
inability to pay its debts as they mature or (c) the expiration of sixty (60) days after the filing of an involuntary petition under the U.S. Bankruptcy Code (or corresponding provisions of future Laws) seeking an application for the
appointment of a receiver for the assets of such Person, or an involuntary petition seeking liquidation, reorganization, arrangement or readjustment of its debts under any other insolvency Law, unless the same shall have been vacated, set aside or
stayed within such sixty (60) day period. 
 “Business” means engaging, directly or indirectly, in the acquisition,
Design, Construction, Procurement, Management, ownership, operation, upkeep, repair and/or maintenance of the Systems. 
 “Business
Day” means any day, other than a Saturday or Sunday, that commercial banks in Houston, Texas are open for business. 

“Change in Control” means with respect to the Owner, a sale, merger, consolidation, or recapitalization as a result of which
the holders of Owner’s issued and outstanding voting securities following the Closing cease to own or Control, directly or indirectly, at least a majority of Owner’s issued and outstanding voting securities immediately after such
transaction. 
 “Claims” means any and all demands, claims, judgments, obligations, liabilities, liens, causes of action,
lawsuits, arbitrations, mediations, investigations or proceedings (whether at law or in equity). 
 “Construction” and its
derivatives mean, with respect to the Systems, all activities relating to the installation, construction and commissioning thereof. 

“Contract” means a written or oral legally binding contract, agreement, commitment, obligation, lease, license or other
arrangement, understanding or undertaking. 
 “Control” means the possession, directly or indirectly, of the power to
direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 

  
 5 

 “Design” and its derivatives mean, with respect to the Systems, all activities
relating to the engineering and design thereof. 
 “Force Majeure” means, with respect to the Party claiming Force Majeure
under this Agreement, any natural phenomena that such Party could not reasonably control, or prevent or any human event or a combination of human events that such Party could not reasonably control or prevent, which phenomena or events prevent such
Party from performing its obligations under this Agreement. Force Majeure events shall include the following: (a) a failure of performance of any Third Party, (b) acts of a public enemy, war or threat of war (declared or undeclared)
occurring in or involving the United States, revolution, riot, rebellion, insurrection, military or usurped power, state of siege, declaration of a state of emergency or martial law (or any of the events or circumstances that will or may result in
the declaration of a state of emergency or martial law), civil commotion, act of terrorism, vandalism or sabotage (in each case occurring in or involving the United States), embargo or blockade, declaration of public calamity (or any of the events
or circumstances that will or may result in the declaration of public calamity); (c) politically motivated or otherwise widespread strikes, suspensions, interruptions, work slow-downs or other labor disruptions; (d) explosions, chemical or
radioactive contamination or ionizing radiation; (e) air crashes, objects falling from aircraft not otherwise attached to a parachute, pressure waves caused by aircraft or aerial devices traveling at supersonic speed; or (f) epidemics,
meteorites, fire, lightning, earthquake, cyclone, hurricane, flood, or other unusual or extreme adverse weather or environmental condition or action of the elements. A Party’s inability economically to perform its obligations hereunder does not
constitute an event of Force Majeure. 
 “GAAP” means U.S. Generally Accepted Accounting Principles as consistently
applied. 
 “Governmental Authority” means any federal, state, county, parish, municipal or other governmental subdivision,
or any court or any governmental department, commission, board, bureau, agency or other instrumentality of any federal, state, county, municipal or other governmental subdivision within the United States of America with authority over the Parties
and subject matter in question. 
 “Lien” means, with respect to any property or asset, any mortgage, deed of trust, lien,
pledge, charge, claim, security interest, restrictive covenant or easement or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under Applicable Law, as well as the interest of a vendor or lessor
under any conditional sale agreement, capital lease or other title retention agreement relating to such property or asset. 

“Losses” means any and all losses, damages, costs, expenses, liabilities, fines, penalties or judgments of whatever kind or
character incurred by a Person or Party with respect to a Claim, including reasonable attorneys’ fees, court costs and other reasonable costs and expenses of litigation as such may be awarded by a court. 

“Manage” or “Management” and their respective derivatives mean, with respect to the Systems, (a) the
management and administration of the Design, Procurement and Construction of the Systems including any additions, modifications and expansions thereto and (b) the operation, management and contract administration for the operation, upkeep,
repair and maintenance of the Systems and any subsequent Design, Procurement and Construction of additions, modifications and extensions of the Systems as may be authorized by the Owner. 

  
 6 

 “Monthly Funding Amount”
means, with respect to a calendar month, an amount equal to (a) the Monthly Estimate for such calendar month, plus (b) a reasonable contingency amount, which shall not exceed 5% of the Monthly Estimate for such calendar month,
less (c) the amounts (if any) by which any prior calendar month’s Monthly Estimate or Shortfall Estimate exceeded the actual expenditures paid in the calendar month to which such prior Monthly Estimate or Shortfall Estimate relates
and which excess has not been applied pursuant to this clause (c) to reduce a subsequent calendar month’s Monthly Funding Amount. 

“Overrun” means, with respect to any calendar month, the excess, if any, of such calendar month’s actual expenditures
over such calendar month’s budgeted expenditures as set forth in the then approved Budget (including any approved Budget Amendment). 

“Person” means any individual, firm, corporation, trust, partnership, limited liability company, association, joint venture,
other business enterprise or Governmental Authority. 
 “Prime Rate” means the rate of interest published or announced from
time to time as the U.S. “prime rate” in the “Money Rates” section of The Wall Street Journal. 

“Procurement” and its derivatives mean all activities relating to the procurement and handling of all services, materials,
equipment and construction equipment necessary for any Design and Construction of the Systems. 
 “Services” means all the
services to be performed by the Operator regarding the acquisition, Design, Construction, Procurement, Management and/or administrative support of the Systems subject to the terms and conditions set forth in this Agreement; provided,
however, that “Services” shall not include and the Operator shall have no obligation to provide (a) any Discontinued Service from and after the Service Termination Date for such Discontinued Service or (b) the activities
set forth in Section 3.5. 
 “Standard of Care” means that, in its performance of the Services,
the Operator acts in a good and workmanlike manner, in accordance with: (a) reasonable, customary and prudent practices in the oil and gas industry for performing services similar in scope and nature to the Services; and (b) all Applicable
Laws; provided, in no event shall the Operator be obligated to comply with the foregoing if such compliance would result in a breach by the Operator of Applicable Law. 

“Subcontract” means any approved Contract for the supply of goods, work, materials or equipment in connection with rendering
the Services provided hereunder entered into between the Operator and any Subcontractor. 
 “Subcontractor” means any Third
Party Person party to a Subcontract with the Operator. 
 “Third Party” means any Person that is not a Party. 

  
 7 

 1.2 Certain Additional Defined Terms. In addition to such terms as are defined in
Section 1.1, the following terms are used in this Agreement as defined in the sections or other subdivisions of this Agreement or elsewhere as referenced opposite such terms below: 

 

			
	 Defined Term
	  	Reference
	“Agreement”	  	Preamble
	“Audit Period”	  	Section 5.4(b)
	“Budget Amendment”	  	Section 4.2
	“Claim Notice”	  	Section 8.5(a)
	“Closing”	  	Recitals
	“Confidential Information”	  	Section 9.1(a)
	“Contribution Agreement”	  	Recitals
	“Discontinued Service”	  	Section 3.3
	“Effective Date”	  	Preamble
	“Emergency Expenditures”	  	Section 4.5
	“Emergency”	  	Section 4.5
	“Indemnified Party”	  	Section 8.5
	“Indemnifying Party”	  	Section 8.5
	“KFM Holdco”	  	Recitals
	“Land Rights”	  	Section 3.3(c)
	“Management Account”	  	Section 5.2
	“Management Fee”	  	Section 6.1
	“Monthly Estimate”	  	Section 4.4(a)
	“Operating Agreement”	  	Recitals
	“Operator Indemnitees”	  	Section 8.1(a)
	“Operator”	  	Preamble
	“Owner Indemnitees”	  	Section 8.2
	“Owner”	  	Preamble
	“Parties”	  	Preamble
	“Partnership”	  	Recitals
	“Party”	  	Recitals
	“Service Termination Date”	  	Section 3.3
	“Shortfall Estimate”	  	Section 4.4(b)
	“Silver Run”	  	Recitals
	“Systems”	  	Recitals
	“Term”	  	Section 2.3
	“Third-Party Claim”	  	Section 8.5(b)

 1.3 Rules of Interpretation. All references to any agreement or document shall be construed as of the
particular time that such agreement or document may then have been executed, amended, varied, supplemented or modified. Terms defined in this Agreement shall have the meanings given therein when used elsewhere in this Agreement. References in the
singular shall include the plural, and references to the masculine shall include the feminine, and vice versa. All references herein to any Applicable Law shall be deemed to refer to such Applicable Law as it may be amended, supplemented or modified
from time to time. Words denoting natural persons shall include partnerships, firms, companies, corporations, joint 

  
 8 

 
ventures, trusts, associations, organizations or other entities. References to a particular article, section, subsection, paragraph, subparagraph or exhibit, if any, shall be a reference to such
article, section, subsection, paragraph, subparagraph or exhibit in and to this Agreement. The words “include” and “including” shall include the phrase “but not limited to.” All exhibits are fully incorporated and made
part of this Agreement. The exhibits shall be read in conjunction with the provisions of the body of this Agreement, and the exhibits and the body of this Agreement shall be interpreted to give effect to the intent of the Parties as evidenced by
their terms when taken as a whole, provided, however, that in the event of an express and irreconcilable conflict between the terms of an exhibit and the provisions of the body of this Agreement, the provisions of the body of this
Agreement shall control. Capitalized terms appearing in an exhibit shall have the meanings set forth in Section 1.1 or 1.2, unless the context requires otherwise. 

ARTICLE 2 

TERMINATION OF OPERATING AGREEMENT; 

APPOINTMENT AND TERM 
 2.1
Operating Agreement. Effective as of the Closing, the Operating Agreement is hereby terminated and of no further force and effect except for those provisions which expressly survive the termination of the Operating Agreement as set
forth therein; provided, that, notwithstanding the foregoing, from and after the Closing the Owner shall have no liability or obligation with respect to the Operating Agreement other than with respect to: 

(a) the reimbursement of expenses payable by the Operator to any Third Party for services performed by such Third Party prior to the Closing to
the extent that any such expenses were included as Current Liabilities (as defined in the Contribution Agreement) and taken into account in the calculation of Net Working Capital (as defined in the Contribution Agreement); and 

(b) rights of the Operator under the Operating Agreement for indemnification relating to Losses (as defined in the Operating Agreement) or
Claims (as defined in the Operating Agreement) asserted by a Third Party with respect to the period prior to the Closing (other than claims with respect to the reimbursement of expenses, which are addressed in clause (a) above), provided
that the Owner shall not have any liability to the Operator under this clause (b) until the aggregate amount of Losses for which the Operator is entitled to indemnification equals or exceeds $5,000,000, in which event the Owner shall be liable
for Losses only to the extent they are in excess of $5,000,000. The Owner shall not have any liability for a claim made by the Operator under this clause (b) unless a written notice of such claim is provided to the Owner prior to the Expiration
Date (as defined in the Contribution Agreement). The Operator shall use commercially reasonable efforts to pursue recovery for any such Losses or defense of such Claims from any available insurance policy, and any obligation of the Owner to make a
payment pursuant to this clause (b) shall be net of any recovery by the Operator under any such insurance policy. 
 2.2
Appointment. Subject to the terms of this Agreement, the Operator is hereby engaged to perform, or cause to be performed, the Services. 

  
 9 

 2.3 Term. This Agreement shall commence on the Effective Date and shall continue for an
initial period ending on the earlier of (a) the date that is six (6) months after the Effective Date or (b) the termination of this Agreement pursuant to Section 2.4 below (the “Term”);
provided, that the provision by the Operator of any particular Service may be discontinued during the Term as provided in Section 3.3. 

2.4 Termination. Notwithstanding Section 2.3, this Agreement shall terminate upon the earliest to occur of the
following: 
 (a) The mutual written agreement of the Parties, effective as of the date so mutually agreed. 

(b) The election of the Owner to remove the Operator as operator and terminate this Agreement made by delivering at least sixty
(60) days’ prior written notice thereof to the Operator. 
 (c) The election of the Owner to remove the Operator as operator and
terminate this Agreement made by delivering written notice thereof to the Operator if: (i) the Operator has defaulted in a material respect in the performance or observance of any material agreement, covenant, term, condition or obligation
hereunder which has not been cured within thirty (30) days after receipt by the Operator of written notice from the Owner of such default,; (ii) the Operator assigns or purports to assign its rights or ability to conduct the Services in
contravention of Section 10.4; (iii) the Operator becomes insolvent or Bankrupt; or (iv) the Operator dissolves, liquidates or terminates its existence. 

(d) The election of the Operator to resign as operator and terminate this Agreement made by delivering written notice thereof to the Owner if:
(i) the Owner has defaulted in a material respect in the performance or observance of any material agreement, covenant, term, condition or obligation hereunder which has not been cured within thirty (30) days after receipt by the Owner of
written notice from the Operator of such default; (ii) the Owner assigns or purports to assign its rights or obligations hereunder in contravention of Section 10.4; (iii) the Owner becomes insolvent or Bankrupt;
(iv) the Owner dissolves, liquidates or terminates its existence; or (v) there has been a Change in Control. 
 (e) The election of
either Party to cancel this Agreement made by delivering thirty (30) days prior written notice thereof to the other Party following the occurrence and continuation of an event of Force Majeure that results in the failure or non-performance of the Systems for a period of sixty (60) consecutive days. 
 2.5 Effect of
Termination. The termination or expiration of this Agreement shall in no way affect or impair any right which has accrued to either Party hereto prior to the date when such termination or expiration became effective, or the right to audit, or
deprive a non-defaulting Party of any right or remedy otherwise available to it consistent with the terms of this Agreement. Upon the effective date of any termination or expiration of this Agreement, the
Operator shall immediately cease performing the Services. 

  
 10 

 2.6 Owner Obligations. In the event this Agreement is terminated pursuant to
Section 2.4(b) or Section 2.4(d), the Owner shall be obligated for all reasonable wind-down and reasonable severance costs and expenses of the Operator’s employees arising from the
Owner’s termination, including relocation or reassignment costs and expenses incurred by the Operator to mitigate severance costs and expenses. 

2.7 Survival. Upon the termination or expiration of this Agreement, all compensation or other amounts payable to the Operator pursuant
to Section 6.1 (other than interest that accrues on unpaid amounts pursuant to Section 6.4) shall cease to accrue. The provisions of this Section 2.7, Sections 2.1,
2.5, 2.6, 5.1, 5.4 and 9.1, and ARTICLE 8 and ARTICLE 10 shall survive any termination, cancellation or expiration of this Agreement indefinitely unless
such provision provides for a specific survival. 
 ARTICLE 3 

DUTIES OF THE OPERATOR 

3.1 Independent Contractor. In the performance of any Services by or through the Operator for the Owner pursuant to this Agreement, the
Operator conclusively shall be deemed an independent contractor, with the right and authority to direct and control all services and other work being performed by the employees of the Operator and all Subcontractors. The Owner shall have no right or
authority to supervise or give instructions to any such Persons and such Persons at all times shall be under the direct and sole supervision and control of the Operator. It is the understanding and intention of the Parties that no relationship of
master and servant or principal and agent shall exist between the Owner, on the one hand, and the employees, agents or representatives of the Operator or its Affiliates, on the other hand. Except with acquisition of Land Rights in accordance with
the limited power of attorney under Section 3.3(c) and administration of Management Accounts under Section 5.2, neither the Operator nor the Owner shall represent to a Third Party that the Operator
is other than an independent contractor of the Owner. 
 3.2 Subcontracting. With the prior consent of Owner (such consent not to be
unreasonably withheld, conditioned or delayed), the Operator may subcontract any part of the Services; provided, however, that notwithstanding any Subcontract entered into by the Operator for all or any part of the Services, the
Operator shall not be relieved of or released from any of its obligations or responsibilities under this Agreement. For the purposes of this Agreement, Services performed by Subcontractors shall be deemed to be Services performed by the Operator.

 3.3 Services. From and after the Effective Date, the Operator shall perform the Services for the sole benefit of (and on behalf of)
the Owner and at all times in accordance with the Standard of Care and in good faith. The Owner hereby delegates to Operator and authorizes Operator to, and Operator shall, perform each of the Services set forth in this
Section 3.3 or elsewhere in this Agreement in accordance with the Standard of Care, subject to the limitations contained in this Agreement; provided, however, that the Owner shall be permitted to terminate any
Service during the Term by providing prior written notice to the Operator (such Service so terminated, a “Discontinued Service”, and the date such notice in respect of a Discontinued Service is received by the Operator, the
“Service  
 Termination Date” for such Discontinued Service); and provided further, that the Operator shall have no
obligation to perform any Discontinued Services from and after the Service Termination Date for such Discontinued Service.  

  
 11 

 (a) General. The Operator shall perform any and all acts and things necessary, requisite
or proper for (i) the efficient and safe Management, Design, Procurement and Construction of the Systems as contemplated in the Budget and (ii) the administrative support of the Systems, including, in each case, entering into (or causing
the Owner to enter into) any Contract with respect to the Systems or the Business or incurring any expense, in each case, to the extent authorized in an approved Budget or as otherwise permitted hereunder; provided that Operator shall not enter into
(or cause the Owner to enter into) any Contract in which Owner is anticipated to incur expenses or receive revenues in excess of $1,000,000 annually without the prior written consent of the Owner unless such Contract is specifically itemized in an
approved Budget. 
 (b) Personnel; Leave Employees. 

(i) The Operator shall employ such personnel as the Operator may deem reasonably necessary or beneficial with respect to (or in connection
with its performance of) the Services. Also, the Operator may utilize its employees to provide all or any portion of the Services. The Operator shall maintain the number of personnel performing services for the Owner at the optimum level and to keep
them organized in a manner which will afford cost effective and efficient day-to-day operation of the Business. The Operator shall ensure that all such personnel
expenses incurred in connection with its obligations under this Agreement are paid, including compensation, salary, wages, overhead and administrative expenses incurred by the Operator and if applicable, social security, taxes, workers compensation
insurance, benefits and other such expenses. Notwithstanding anything to the contrary in the provisions of ARTICLE 8, the Operator shall indemnify and save harmless the Owner from all claims of liability for wages, salary,
taxes or benefits in respect of the Operator’s personnel, provided that, for the avoidance of doubt, the Operator shall be entitled to obtain reimbursement from the Owner for such wages, salary, taxes or benefits to the extent, but only
to the extent, provided in ARTICLE 6. 
 (ii) Notwithstanding anything to the contrary set forth herein, all Leave
Employees (as defined in the Contribution Agreement) who are on an approved leave of absence as of the Effective Date shall be employed by the Operator until the earliest of (A) such Leave Employee’s termination for reasons unrelated to
such employee’s leave of absence (e.g., for cause); (B) six (6) months following the Effective Date or such later time as Operator may be required by Applicable Law to restore such Leave Employee to the same or equivalent job;
(C) such time as the Leave Employee returns to service with the Operator; and (D) the termination of this Agreement. For the avoidance of doubt, the Operator will not be entitled to obtain reimbursement under this Agreement from the Owner
for wages, salary, taxes or benefits of any Leave Employee. 
 (c) Land Rights. The Operator shall survey, as necessary, the routes
for the Systems and, to the fullest extent permitted by Applicable Law to the extent not already held in the name of Owner, the Operator is granted a limited power of attorney to acquire in the name of Owner and properly record in the applicable
official public records all necessary rights of way, 

  
 12 

 
easements, leases, fee titles, permits, surveys and other interests in land required for the Construction, operation and maintenance of the Systems (the “Land Rights”); provided
that Operator shall not acquire (or cause the Owner to acquire) any Land Rights anticipated to cost in excess of $1,000,000 and/or to have terms that could materially and adversely impact the development or operation of the Systems without the prior
written consent of the Owner. The Owner shall bear the entire cost of obtaining or enforcing such Land Rights, whether by voluntary conveyance, condemnation or other civil proceedings (and whether by judgment or settlement). 

(d) Payment of Expenses. In addition to its other payment and reimbursement obligations set forth in this Agreement, the Owner shall be
responsible for payment of the Operator’s fees and expenses as set out in ARTICLE 6 of this Agreement. Notwithstanding anything herein to the contrary, in no event shall the Operator be liable in connection with the
failure to perform its services hereunder if the Operator fails, or is otherwise unable, to perform any of such services or its other obligations hereunder due to the failure of the Owner to pay when due any amounts payable hereunder by the Owner.

 (e) Liens. The Operator shall keep the Systems and the other assets of the Owner free and clear of all Liens on account of any
Claims arising as a result of the performance of the Services or the Operator’s engagement or employment of any Subcontractor other than inchoate Liens that arise in the ordinary course of carrying out the Services and that the Operator shall
diligently prosecute and contest in consultation with the Owner. 
 (f) Environmental, Health and Safety. During the term of this
Agreement, the Operator shall comply with any then-existing, business-wide emergency response plan. 
 (g) Fines and Reports. The
Operator shall promptly notify the Owner of any and all material fines and/or citations that relate in any way to the Systems of which the Operator becomes aware.  

3.4 Limitation of Authority of Operator and Approval by Owner. Except in the case of Emergencies, but otherwise notwithstanding anything
in this Agreement to the contrary, the Operator shall obtain the prior written consent of the Owner prior to taking any of the following actions: 

(a) except with respect to the limited powers of attorney granted for the Procurement of Land Rights in accordance with
Section 3.3(c), the granting of powers of attorney with respect to the Management, Design, Procurement, Construction, operation, maintenance and/or ownership of the Systems; or 

(b) agree to any changes with respect to the Construction of the Systems, including in scope, schedule, design or cost of the Systems, that
could increase the cost to Construct the Systems in excess of the amount reflected on the Budget or have a material impact on the Construction, ownership or operation of the Systems; or 

(c) incur any expense not included in the then applicable Budget (subject to Section 4.3) for which reimbursement
from the Owner would be sought, except for any Emergency Expenditure. 

  
 13 

 3.5 Owner Responsibilities. The Owner shall perform and be responsible for the following
ongoing activities: 
 (a) in addition to the obligations set forth in Section 9.2, providing and maintaining
insurance for the Systems as is customary; 
 (b) assisting the Operator, if requested, in performing all necessary public relations
activities with the local community and other Governmental Authorities; 
 (c) paying the Operator the amounts owed under this Agreement;

 (d) complying, subject to and with the Operator’s assistance, with all the Owner requirements in Government Approvals; 

(e) employing such personnel as the Owner may deem reasonably necessary or beneficial with respect to (or in connection with its performance
of) the operation, maintenance, upkeep and repair of the Systems (such personnel to include, for the avoidance of doubt, any Leave Employee after the end of their employment by Operator as provided in Section 3.3(b)(ii)),
and ensuring that all such personnel expenses incurred in connection with Owner’s obligations under this Agreement are paid, including compensation, salary, wages, overhead and administrative expenses and, if applicable, social security, taxes,
workers compensation insurance, benefits and other such expenses; and notwithstanding anything to the contrary in the provisions of ARTICLE 8, the Owner shall indemnify and save harmless the Operator from all claims of
liability for wages, salary, taxes or benefits in respect of the Owner’s personnel; 
 (f) conducting title and environmental due
diligence with respect to Land Rights acquired for Construction, operation and maintenance of the Systems; 
 (g) preparing the Systems
environmental compliance policies and procedures, including preparing a business-wide emergency response plan, each of which Owner shall provide to Operator when prepared; 

(h) promptly responding to any accidents and environmental incidents; 

(i) complying with any then-existing, business-wide emergency response plan; 

(j) paying or otherwise settling any fines and/or citations that relate in any way to the Systems; and 

(k) performing any Discontinued Service from and after the Service Termination Date for such Discontinued Service. 

  
 14 

 ARTICLE 4 

BUDGET 
 4.1 Budget.
The Budget shall be as set forth on Exhibit A attached hereto. 
 4.2 Preparation and Approval of Budget Amendments. At any
time, the Operator may, and at Owner’s request shall, propose amendments to the Budget if the Operator believes that the Budget no longer reflects the actual costs that will be incurred to provide the Services by presenting a written budget
amendment for approval by the Owner (a “Budget Amendment”). The Owner shall have five (5) days from the date the Operator submits a Budget Amendment to approve or reject such Budget Amendment in whole or in part. Any part of
any Budget Amendment which is rejected shall either be deleted or resubmitted at the direction of the Owner. The Operator shall then have ten (10) days to resubmit (if it so elects) any Budget Amendment for approval. The Owner shall have five
(5) days from the date the Operator resubmits any such Budget Amendment for approval to approve or reject such re-submitted Budget Amendment. Failure of the Owner to timely respond to any proposed Budget
Amendment shall be deemed to be a rejection of such Budget Amendment. 
 4.3 Authority for Extra Budget Expenditures. Except for
Emergency Expenditures, the Operator shall have the right and authority with respect to the Budget (as such Budget may be amended by any approved Budget Amendment), to make expenditures up to (a) one hundred ten percent (110%) of the aggregate
amount of the Budget and (b) one hundred fifteen percent (115%) of any particular line item of the Budget. In the event of an Overrun, the Operator shall notify the Owner of the amount of such Overrun as soon as possible after the end of the
calendar month in which the Overrun occurred. 
 4.4 Funding of the Management Account. 

(a) At least five (5) Business Days prior to the commencement of each calendar month, the Operator shall prepare and deliver to the Owner,
a notice of (i) the estimated amount of expenditures projected to be paid in such calendar month pursuant to the then applicable Budget (or otherwise pursuant to this Agreement, including, for the avoidance of doubt, in connection with any
Emergency) (the “Monthly Estimate”), and (ii) the Monthly Funding Amount for such calendar month. The Owner shall cause the Monthly Funding Amount to be deposited in the Management Account on or before the first (1st) day of the applicable calendar month. 
 (b) If the Operator reasonably believes that the
deposits made pursuant to Section 4.4(a) will be insufficient to satisfy the projected costs and expenses to be paid during the then current calendar month pursuant to the then applicable Budget (or this Agreement,
including for the avoidance of doubt, in connection with any Emergency), then the Operator shall prepare and deliver to the Owner, a notice of the estimated amount of the shortfall for such calendar month (a “Shortfall Estimate”).
The Owner shall cause the Shortfall Estimate to be deposited in the Management Account within five (5) Business Days of the day the Owner received notice thereof from the Operator. 

4.5 Emergencies. In the event of an Emergency, the Operator shall promptly (a) make all notifications required under Applicable Law
to the appropriate Governmental Authorities, (b) implement emergency response and mitigation measures as are required by Applicable Law or are deemed advisable by the Operator to respond to or mitigate the Emergency, including to protect human
health and the environment, (c) commence any required remediation, maintenance or repair work necessary for the Systems and/or the Owner to comply 

  
 15 

 
with all Applicable Law and (d) notify the Owner, as soon as practicable after the occurrence of the event of such Emergency but in any event within twenty four (24) hours. The
Operator’s notification of the Owner may be made by any method deemed appropriate by the Operator under the circumstances and does not have to comply with Section 10.8. Subject to Section 6.3,
the Owner shall reimburse the Operator for any costs and/or expenses incurred by the Operator in connection with any Emergency (any such costs and expenditures, “Emergency Expenditures”), within fifteen (15) days of its receipt
of an invoice therefor. For purposes of this Agreement, an “Emergency” shall mean a sudden or unexpected event which causes, or risks causing, (i) substantial damage to any part of the Systems or the property of a Third Party,
(ii) death of or injury to any Person, (iii) damage or substantial risk of damage to natural resources (including wildlife) or the environment, (iv) safety concerns associated with continued operations, (v) imminent failure or
unplanned shutdown of a System or (vi) non-compliance with any Applicable Law, in each case, which event is of such a nature that a response cannot reasonably await the decision of the Owner. For the
avoidance of doubt, an “Emergency” shall include any release or threatened release of hazardous substances into the environment that requires notification to any Governmental Authority under Applicable Law. The Operator will not issue
public statements or communicate with any Governmental Authority regarding any Emergency unless, in the reasonable opinion of the Operator, it is necessary and time does not allow the Owner to issue such public statement or undertake such
communication. 
 ARTICLE 5 

ACCOUNTING AND REPORTING 

5.1 Maintenance of Accounts. The Operator shall maintain true and accurate accounts of all expenses, disbursements, costs and
liabilities chargeable to the Owner pursuant to this Agreement, and all revenue accrued and invoiced in connection with the ownership and operation of the Systems and the running of the Business, all of which shall be charged or credited to the
Owner, all in accordance with GAAP and in accordance with the system of accounts prescribed by any Governmental Authority having regulatory jurisdiction over the Owner or the Systems, consistently applied. In connection with the foregoing, the
Operator shall receive all invoices and statements in connection with the Construction and operation of the Systems and shall approve or disapprove them. The Operator shall maintain such books of account at its principal place of business and such
books of account shall be open to inspection and examination at reasonable times by the Owner. The Operator shall provide all such books and records maintained by the Operator pursuant to the terms of this Agreement to the Owner as promptly as
possible but in any event within thirty (30) days following the termination of this Agreement. 
 5.2 Banking. The Operator will
establish, in the Owner’s name and under the Owner’s control, a bank account or accounts (the “Management Account”). The Owner will designate the Operator, and such officers of Operator as reasonably requested by the
Operator and approved by the Owner, as authorized signatories to the Management Account, and all withdrawals by the Operator from the Management Account will be made only by the Operator or such designated Persons approved by the Owner and only for
the express purposes as are provided for herein. All funds of the Owner will be used solely for the Business, and all interest and other benefits pertaining to such account belong to the Owner. At no time may the Operator commingle the funds in the
Management Account with the Operator’s funds or the funds of any other Person, and such funds may not be subject to the Liens or Claims of any kind in favor of the Operator or its creditors. 

  
 16 

 5.3 Owner Funds. The Operator shall keep funds belonging to the Owner on deposit in the
Management Account and, at Owner’s direction, invest such funds. All interest paid on such funds shall be for the account of the Owner. 

5.4 Audits. 
 (a) The Owner
shall have the right to audit costs charged to the Owner’s accounts and other accounting records maintained for the Owner by the Operator under this Agreement. 

(b) Upon not less than ten (10) Business Days’ prior written notice to the Operator, the Owner shall have the right to audit (or
cause to be audited) the Operator’s books and records maintained hereunder (the “Audit Period”). The Owner may provide Operator a written notice of any claims for all discrepancies disclosed by said audit and related to the
Audit Period. The cost of each such audit shall be borne by the Owner. Any such audit shall be conducted in a manner reasonably designed to limit inconvenience and disruption to the operations of the Operator. Unless otherwise mutually agreed, any
audit shall be conducted at the principal office of the Operator or at such other place as the books and records of the Operator related to the Services are maintained. In furtherance of any audit conducted by the Owner pursuant to this
Section 5.4(b), the Operator hereby agrees to exercise on behalf of the Owner any audit rights granted in favor of the Operator under any Subcontract between Operator and any Subcontractor. 

(c) At the conclusion of an audit, the Parties shall endeavor to settle outstanding matters expeditiously. To this end, the Owner will make a
reasonable effort to prepare and distribute a written report to the Operator as soon as reasonably practicable and in any event within thirty (30) days after the conclusion of an audit. The report shall include all Claims arising from such
audit together with comments pertinent to the operation of the accounts and records. The Operator shall make a reasonable effort to reply to the report in writing as soon as possible and in any event no later than thirty (30) days after
delivery of the report. 
 (d) All adjustments resulting from an audit agreed to between the Parties shall be reflected promptly in the
Operator’s books and records. If any dispute shall arise in connection with an audit, it shall be reported to and discussed by the Parties within thirty (30) days. 

(e) The Owner and its representatives shall have the right at any reasonable time to inspect and/or observe Operator’s Services and the
Systems. Any representative of the Owner conducting a site visit shall observe the Operator’s safety regulations and standards during any such visit. 

(f) This Section 5.4 shall survive any termination of this agreement until the later of (i) one (1) year
following the termination of this Agreement and (ii) the resolution of any audit or dispute related thereto that was initiated prior to one (1) year following the termination of this Agreement. 

  
 17 

 5.5 Government Reports. The Operator shall prepare and file any reports required by any
commission or Governmental Authority having jurisdiction over the Systems, including all reports, right-of-way alignment maps, field inventories and valuation reports
and statements of reconciliation as may be required by Governmental Authorities, in each case, in the correct number of copies required 

5.6 Periodic Reports and Statements. The Operator will analyze operating costs for control purposes, prepare cash and movements
forecasts, and will furnish to the Owner, monthly, unaudited financial statements and such other reports, statistics, and statements relative to the Business as the Owner may reasonably request or as may be required by its financial commitments now
in existence or hereafter entered into. 
 ARTICLE 6 

COMPENSATION 
 6.1
Management Fee. During the term of this Agreement, the Operator shall be entitled to a management fee of $10,000 per month (the “Management Fee”). The Management Fee will be prorated for the calendar month in which the
Effective Date occurs. The Management Fee shall be deposited into the Management Account on or before the first (1st) day of each calendar month as part of the Monthly Funding Amount. 

6.2 Reimbursement of Expenses. In addition to paying the Operator the Management Fee, the Owner shall, as part of the Monthly Funding
Amount, reimburse the Operator for all of the costs and expenses incurred by it in providing the Services, including: (a) for any direct operating and any other
out-of-pocket costs and expenses incurred by it on behalf of the Owner; (b) for the portion of the fully-burdened costs and expenses (as reasonably allocated by the
Operator) of any other employees of the Operator who provide services to (or on behalf of) the Owner; (c) all direct expenses incurred by the Operator in providing the Services and payable to
Third Parties; and (d) for any other costs and expenses required to be reimbursed to the Operator by the Owner pursuant to this Agreement in connection with its provision of the Services, in each case, in accordance with and subject to the
Annual Budget then in effect or in connection with an Emergency. These expenses shall be included in the Monthly Estimate and shall be funded by the Owner in accordance with Section 4.4. 

6.3 Adjustments to Fees and Expenses. Notwithstanding anything to the contrary herein and except with respect to reimbursements for
Emergency Expenditures, payments and reimbursements to the Operator for its costs and expenses pursuant to this Agreement (including, for the avoidance of doubt, this ARTICLE 6) shall only be made to the extent such costs
and expenses are included in the Budget (as the same may be amended by a Budget Amendment). Notwithstanding the foregoing, the Operator shall not be entitled to reimbursement for any costs and expenditures (including Emergency Expenditures) to the
extent that the circumstance giving rise to such costs and expenditures resulted from the Operator’s gross negligence or willful misconduct. 

6.4 Payment. To the extent funds are available in the Management Account, the Operator shall withdraw the Management Fee and any
uncontested amounts from the Management Account when such amounts first become due. The Owner agrees to pay interest at the rate equal to the Prime Rate plus two percent per annum (or the maximum rate permitted by Applicable Law, whichever is less)
for all amounts not paid within thirty (30) days from the due date thereof. 

  
 18 

 ARTICLE 7 

FORCE MAJEURE 
 7.1
Nonperformance. In the event that either Party is rendered unable, by reason of an event of Force Majeure, to perform, wholly or in part, any obligation under this Agreement, then upon such Party’s giving notice and full particulars of
such event as soon as practicable after the occurrence thereof to the other Party, the obligations of both Parties, to the extent they are affected by such event of Force Majeure, except for obligations to pay money then or thereafter due hereunder
and except for the Operator’s obligation to take steps to deal with any Emergency in the Systems, shall be suspended to the extent and for the period of such Force Majeure condition. 

7.2 Duty to Mitigate. The Party affected by an event of Force Majeure shall: 

(a) use all reasonable efforts to continue to perform its obligations hereunder; 

(b) take all reasonable action to correct or cure the event or condition constituting the Force Majeure; 

(c) use all reasonable efforts to mitigate or limit the adverse effects of the event of Force Majeure and damages to the other Party, to the
extent such action would not adversely affect its own interests; and 
 (d) provide prompt notice to the other Party of the cessation of the
event of Force Majeure. 
 ARTICLE 8 

RELEASE AND INDEMNIFICATION 

8.1 Release and Indemnification by Owner. 

(a) Notwithstanding anything in this Agreement to the contrary (including, for the avoidance of doubt, any failure by the Operator to act in
accordance with the Standard of Care), the Owner hereby releases the Operator and its Affiliates and their respective partners, members, directors, officers, managers, employees, agents, representatives and invitees of any of the foregoing (the
“Operator Indemnitees”) from and against all Losses and Claims arising out of, attributable to, in connection with or incidental to any act or omission of any Operator Indemnitees in carrying out the Services (including the
administration, operation or maintenance of any of the Systems) INCLUDING AS A RESULT OF THE NEGLIGENCE (WHETHER SOLE, CONCURRENT, ACTIVE OR PASSIVE) AND ANY OTHER LEGAL FAULT, INCLUDING STRICT LIABILITY, OF ANY OPERATOR INDEMNITEES, THE OWNER OR
ANY THIRD PARTY; provided, however, that the Owner will not be required to release any Operator Indemnitees from any Losses or Claims to the extent such Losses or Claims arise out of or in connection with or are attributable or
incident to the gross negligence, willful misconduct or fraud of any Operator Indemnitee or as set forth in Section 3.3(b)(i). 

  
 19 

 (b) Notwithstanding anything in this Agreement to the contrary (including, for the avoidance of
doubt, any failure by the Operator to act in accordance with the Standard of Care), the Owner shall be responsible for, pay on a current basis, defend, indemnify and hold harmless the Operator Indemnitees from and against all Losses and Claims
asserted by a Third Party and arising out of, attributable to, in connection with or incidental to any act or omission of any Operator Indemnitees in carrying out the Services (including the administration, operation or maintenance of any of the
Systems) INCLUDING AS A RESULT OF THE NEGLIGENCE (WHETHER SOLE, CONCURRENT, ACTIVE OR PASSIVE) AND ANY OTHER LEGAL FAULT, INCLUDING STRICT LIABILITY, OF ANY OPERATOR INDEMNITEES, THE OWNER OR ANY THIRD PARTY; provided, however, that
the Owner will not be required to indemnify any Operator Indemnitees from any Losses or Claims to the extent such Losses or Claims arise out of or in connection with or are attributable or incident to the gross negligence, willful misconduct or
fraud of any Operator Indemnitee. 
 8.2 Indemnification by Operator. Except as provided in Section 8.4, but
otherwise notwithstanding anything herein to the contrary, the Operator shall be responsible for, shall pay on a current basis and hereby releases, defends, indemnifies and holds harmless the Owner and its respective partners, members, directors,
officers, managers, employees, agents, representatives and invitees of any of the foregoing (the “Owner Indemnitees”) from and against all Losses and Claims to the extent arising out of or in connection with or attributable or
incidental to the gross negligence, willful misconduct or fraud of any Operator Indemnitee; provided that, notwithstanding the forgoing, the Operator shall have no obligation to the Owner Indemnitees under this
Section 8.2 for any Losses or Claims to the extent arising out of or in connection with or attributable or incidental to the Operator ceasing to perform any Discontinued Service from and after the Service Termination Date
in respect of such Discontinued Service. 
 8.3 No Double Recovery. Notwithstanding anything to the contrary herein, nothing shall
prohibit the Operator from pursuing its indemnity rights under this ARTICLE 8 against the Owner for any Losses and Claims suffered or incurred by the Operator in excess of the insurance coverages required to be maintained
by the Owner pursuant to this Agreement. In calculating any amount to be paid by an Indemnifying Party by reason of the provisions of this ARTICLE 8, the amount shall be reduced by all cash tax benefits and other cash
reimbursements (including net insurance proceeds) actually received (directly or indirectly, including by virtue of the Indemnified Party’s direct or indirect ownership interest in the Owner) by the Indemnified Party with respect to the
applicable Claim or Loss. 
 8.4 DISCLAIMER OF LIABILITY. SUBJECT TO THE LAST SENTENCE OF THIS SECTION 8.4,
BUT OTHERWISE NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN, AS BETWEEN THE PARTIES, A PARTY’S DAMAGES RESULTING FROM A BREACH OR VIOLATION OF ANY COVENANT, AGREEMENT OR CONDITION CONTAINED HEREIN OR ANY ACT OR OMISSION ARISING FROM OR
RELATED TO THIS AGREEMENT SHALL BE LIMITED TO ACTUAL DAMAGES AND NONE OF THE OPERATOR INDEMNITEES OR THE OWNER INDEMNITEES SHALL BE ENTITLED TO RECOVER FROM THE OPERATOR OR THE OWNER OR 

  
 20 

 
THEIR RESPECTIVE AFFILIATES ANY INDIRECT, SPECIAL, CONSEQUENTIAL, INCIDENTAL, EXEMPLARY OR PUNITIVE DAMAGES. EACH PARTY EXPRESSLY RELEASES THE OTHER PARTY FROM ALL SUCH CLAIMS FOR DAMAGES OTHER
THAN ACTUAL DAMAGES. IF A PARTY BECOMES OBLIGATED TO PAY A THIRD PARTY ANY INDIRECT, SPECIAL, CONSEQUENTIAL, INCIDENTAL, EXEMPLARY OR PUNITIVE DAMAGES, AND SUCH PARTY IS ENTITLED TO INDEMNIFICATION UNDER THE TERMS OF THIS AGREEMENT, THEN SUCH
PARTY’S INDEMNIFICATION RIGHT SHALL INCLUDE ALL INDIRECT, SPECIAL, CONSEQUENTIAL, INCIDENTAL, EXEMPLARY AND PUNITIVE DAMAGES IT IS OBLIGATED TO PAY TO SUCH THIRD PARTY. 

8.5 Indemnification Procedures. For purposes of this ARTICLE 8, the term “Indemnifying
Party”, when used in connection with particular Losses, shall mean the party or parties having an obligation to indemnify another party or parties with respect to such Losses pursuant to this ARTICLE 8, and the
term “Indemnified Party”, when used in connection with particular Losses, shall mean the party or parties having the right to be indemnified with respect to such Losses by another party or parties pursuant to this
ARTICLE 8. 
 (a) To make a claim for indemnification under Section 8.1(b) or 8.2
(as applicable), an Indemnified Party shall notify the Indemnifying Party of its claim under this Section 8.5, including specific details, underlying facts and the specific basis under this Agreement for its claim (the
“Claim Notice”). 
 (b) In the event that the claim for indemnification is based upon a claim by a Third Party against the
Indemnified Party (a “Third-Party Claim”), the Indemnified Party shall provide its Claim Notice promptly after the Indemnified Party has actual knowledge of the Third-Party Claim and shall enclose a copy of all papers (if any)
served with respect to the Third-Party Claim; provided, however, that the failure of any Indemnified Party to give notice of a Third-Party Claim as provided in this Section 8.5 shall not relieve the
Indemnifying Party of its obligations under Section 8.1(b) or 8.2 (as applicable) except to the extent such failure results in insufficient time being available to permit the Indemnifying Party to effectively defend
against the Third-Party Claim or otherwise prejudices the Indemnifying Party’s ability to defend against the Third-Party Claim. 
 (c)
In the case of a claim for indemnification based upon a Third-Party Claim, the Indemnifying Party shall have thirty (30) days from its receipt of the Claim Notice to notify the Indemnified Party whether it shall assume the defense of such
Third-Party Claim. The Indemnified Party is authorized, prior to and during such thirty (30) day period, to file any motion, answer or other pleading that it shall deem necessary or appropriate to protect its interests or those of the
Indemnifying Party and that is not prejudicial to the Indemnifying Party. 
 (d) If the Indemnifying Party shall have assumed the defense of
the Third-Party Claim, the Indemnifying Party shall have full control of such defense and proceedings, including any compromise or settlement thereof. If requested by the Indemnifying Party, the Indemnified Party shall cooperate in contesting any
Third-Party Claim that the Indemnifying Party elects to contest. The Indemnified Party may participate in, but not control, any defense or settlement of any Third-Party Claim controlled by the Indemnifying Party pursuant to this

  
 21 

 
Section 8.5(d). An Indemnifying Party shall not, without the written consent of the Indemnified Party, (i) settle any Third-Party Claim or consent to the entry of
any judgment with respect thereto that does not include an unconditional release of the Indemnified Party from all liability in respect of such Third-Party Claim or (ii) settle any Third-Party Claim or consent to the entry of any judgment with
respect thereto in any manner that may materially and adversely affect the Indemnified Party (other than as a result of money damages covered by the indemnity). 

(e) If the Indemnifying Party does not assume the defense of the Third-Party Claim, then the Indemnified Party shall have the right to defend
against the Third-Party Claim at the cost and expense of the Indemnifying Party, with counsel reasonably satisfactory to the Indemnifying Party. Any settlement of the Third-Party Claim shall require the consent of the Indemnifying Party. 

8.6 Sole Remedy. Other than the removal of the Operator as the operator of the Systems pursuant to
Section 2.4, the Parties agree that the right of the Owner to receive indemnification pursuant to Section 8.2 shall be the sole and exclusive remedy of the Owner for any breach by the Operator of
any provision of this Agreement. 
 ARTICLE 9 

CONFIDENTIAL INFORMATION; INSURANCE 

9.1 Confidential Information. 

(a) The Operator agrees that information related to confidential shipper information, pricing, cost data and other commercially or
operationally sensitive information relating to the Business, including information that is typically considered confidential, shall be considered “Confidential Information” hereunder, shall be kept confidential and shall not be
disclosed by Operator during the term of this Agreement and during the three year period following any termination of this Agreement to any Third Party, except: 

(i) to an Affiliate of the Operator; 

(ii) to the extent any Confidential Information is required to be furnished in compliance with Applicable Law, or pursuant to any legal
proceedings or because of any order of any Governmental Authority that is binding upon a Party; 
 (iii) to prospective or actual attorneys
engaged by Operator where disclosure of such Confidential Information is essential to such attorney’s work for such Party; 
 (iv) to
prospective or actual contractors and consultants engaged by Operator where disclosure of such Confidential Information is essential to such contractor’s or consultant’s work for such Party; 

(v) to its respective employees, subject to Operator taking customary precautions to ensure such Confidential Information is kept
confidential; and 
 (vi) any Confidential Information which, through no fault of or breach of this Agreement by Operator, becomes a part of
the public domain. 

  
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 (b) Disclosure pursuant to Section 9.1(a)(iv) shall not be made unless
prior to such disclosure the Operator has obtained a written undertaking from the recipient to keep the Confidential Information strictly confidential for the term of this Agreement and to use the Confidential Information for the sole purpose
described in Section 9.1(a)(iv), whichever is applicable, with respect to the Operator. 
 (c) Notwithstanding
anything to the contrary in this Section 9.1, Operator or Affiliate of Operator may disclose information regarding the Business that is not Confidential Information in investor presentations, industry conference
presentations or similar disclosures. 
 9.2 Insurance. 

(a) The Parties shall, during the term of this Agreement, obtain and maintain the kinds of insurance and amounts of coverage set forth on
Exhibit B. On the Effective Date, each Party shall provide to the other Party evidence that the insurance contemplated by this Section 9.2(a) has been obtained, such evidence being in the form of certificates of
insurance. 
 (b) The Operator shall require that each Subcontractor obtains and maintains insurance which is customarily provided by Persons
providing similar services as such Subcontractor. 
 (c) The cost of obtaining and maintaining the insurance policies required by this
Section 9.2 are operating expenses of the Owner and shall be included in the Budget for each fiscal year. 

ARTICLE 10 

MISCELLANEOUS 
 10.1
Entire Agreement. This Agreement constitutes the complete and exclusive statement of agreement among, and replaces and supersedes all prior written and oral agreements or statements by and among the Parties with respect to the subject matter
herein. There are no representations, agreements, arrangements or understandings, oral or written, by the Parties with respect to the subject matter hereof that are not fully expressed in this Agreement. 

10.2 Amendment. This Agreement may not be amended or modified except by a written instrument specifically referring to this Agreement
and executed by all of the Parties hereto. 
 10.3 Waiver. The failure of either Party hereto at any time or from time to time to
require performance of the other Party’s obligations under this Agreement shall in no manner affect the right to enforce any provision of this Agreement at a subsequent time, and the waiver of any rights arising out of any breach shall not be
construed as a waiver of any rights arising out of any subsequent breach. 
 10.4 Assignability. Neither Party may assign, delegate or
transfer (by merger, operation of law or otherwise) its respective rights or delegate its respective obligations under this Agreement without the express prior written consent of the other Party. Any purported assignment, delegation, or transfer in
contravention of this Section 10.4 shall be void and unenforceable. 

  
 23 

 10.5 Parties in Interest. Except as provided in ARTICLE 8, the
provisions of this Agreement are solely for the benefit of the Parties hereto and their respective successors and permitted assigns, and are not intended to confer upon any other person any third party beneficiary rights under this Agreement. 

10.6 Binding Effect. Except as otherwise specifically provided herein, this Agreement shall inure to the benefit of and shall be binding
upon the Parties hereto and their respective permitted successors and permitted assigns. 
 10.7 Section Headings. Article, section
and paragraph headings and a table of contents have been inserted in this Agreement as a matter of convenience for reference only, such headings are not a part of this Agreement and shall not be used in the interpretation of any provision of this
Agreement. 
 10.8 Notices. All notices, requests, demands or other communications provided for hereunder shall be in writing. Notices
may be given by personal delivery, by overnight courier, by facsimile transmission, or by certified or registered United Sates mail, return receipt requested. Except as otherwise expressly provided herein, notice shall be deemed to have been given
(a) if by personal delivery, on the date of delivery; (b) if by overnight courier, on the earlier of the date delivery is first attempted or the next Business Day after the same has been delivered to a reputable commercial overnight
courier; (c) if by facsimile transmission, on the date of such transmission if sent by 3:00 p.m. (Houston time) on a Business Day, or if sent thereafter, on the next Business Day; provided, however, that (i) evidence of a
successful transmission shall be retained by the Party sending the same and (ii) a copy of such notice shall also be sent on the same day as the facsimile transmission using another means for giving notice permitted herein; and (d) if by
certified or registered United States Mail, on the earlier of the date delivery is first attempted or two (2) Business Days after delivery to the United States Post Office, postage prepaid, return receipt requested. Notices shall be sent to the
intended recipient at the addresses set forth below its signature on the signature page, or to the most recent addresses which the intended recipient has provided to the other parties for purposes of, and in accordance with, this
Section 10.8. 
 10.9 Severability. In the event any provision of this Agreement is determined to be invalid
or unenforceable, such provision shall be deemed severed from the remainder of this Agreement and replaced with a valid and enforceable provision as similar in intent as reasonably possible to the provision so severed and shall not cause the
invalidity or unenforceability of the remainder of this Agreement. 
 10.10 Governing Law. This Agreement, and any instrument or
agreement required hereunder (to the extent not expressly provided for therein), shall be governed by, and construed under, the internal laws of the State of Texas, without reference to conflicts of laws rules or principles that might refer
construction to the laws of another jurisdiction. 

  
 24 

 10.11 Consent to Jurisdiction. Each Party irrevocably consents and agrees that any action,
proceeding, or other litigation by or against any other party or parties with respect to any claim or cause of action based upon or arising out of or related to this Agreement or the transactions contemplated hereby, shall be brought and tried
exclusively in the federal or state courts located in the City of Houston, County of Harris, in the State of Texas, and any such legal action or proceeding may be removed to the aforesaid courts. By execution and delivery of the Agreement, each
Party accepts, for itself and in respect of its property, generally and unconditionally, the exclusive jurisdiction of the aforesaid courts. Each Party hereby irrevocably waives (a) any objection which it may now or hereafter have to the laying
of venue with respect any such action, proceeding, or litigation arising out of or in connection with this Agreement or the transactions contemplated hereby brought in the aforesaid courts, and (b) any right to stay or dismiss any such action,
proceeding, or litigation brought before the aforesaid courts on the basis of forum non-conveniens. Each Party further agrees that personal jurisdiction over it may be affected by service of
process by certified mail, postage prepaid, addressed as provided in Section 10.8 of this Agreement, and when so made shall be as if served upon it personally within the State of Texas. 

10.12 WAIVER OF RIGHT TO JURY TRIAL. TO THE EXTENT PERMITTED BY LAW, EACH PARTY HEREBY WAIVES ITS RIGHTS TO A TRIAL BY JURY OF ANY CLAIM
OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, IN ANY ACTION, PROCEEDING OR OTHER LITIGATION OF ANY TYPE BROUGHT BY ANY OF THE PARTIES OR THEIR RESPECTIVE INDEMNITEES AGAINST ANY
OTHER PARTY OR PARTIES, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT CLAIMS, OR OTHERWISE. EACH PARTY HEREBY AGREES THAT ANY SUCH CLAIM OR CAUSE OF ACTION SHALL BE TRIED BY A COURT TRIAL WITHOUT A JURY. WITHOUT LIMITING THE FOREGOING, THE PARTIES
FURTHER AGREE THAT THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY IS WAIVED BY OPERATION OF THIS SECTION AS TO ANY ACTION, COUNTERCLAIM OR OTHER PROCEEDING WHICH SEEKS, IN WHOLE OR IN PART, TO CHALLENGE THE VALIDITY OR ENFORCEABILITY OF THIS AGREEMENT,
OR ANY PROVISION HEREOF. THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT. 

10.13 Further Assurances. The Parties agree to execute such additional instruments, agreements and documents, and to take such other
actions, as may be necessary to effect the purposes of this Agreement. 
 10.14 Counterparts. This Agreement may be executed in any
number of counterparts and, when so executed, all of such counterparts shall constitute a single instrument binding upon all parties notwithstanding the fact that all parties are not signatory to the original or to the same counterpart. This
Agreement may be executed and delivered by facsimile, or by email in portable document format (.pdf) and delivery of the executed signature page by such method will be deemed to have the same effect as if the original signature had been delivered to
other the parties. 

  
 25 

 10.15 Exhibits. All Exhibits attached to this Agreement are incorporated and shall be
treated as if set forth herein. 
 10.16 Timing. All dates and times specified in this Agreement are of the essence and shall be
strictly enforced. Except as otherwise specifically provided in this Agreement, all actions that occur after the 5:00 p.m. local time on a given day shall be deemed for purposes of this Agreement to have occurred at 9:00 a.m. on the following day.
In the event that the last day for the exercise of any right or the discharge of any duty under this Agreement would otherwise be a day that is not a Business Day, the period for exercising the right or discharging such duty shall be extended until
the 5:00 p.m. local time on the next succeeding Business Day. 
 10.17 Miscellaneous. No failure or delay by any Party in exercising
any right, power or privilege under this Agreement shall operate as a waiver thereof; any actual waiver shall be contained in a writing signed by the Party against whom enforcement of such waiver is sought. This Agreement shall not be construed for
or against any Party by reason of the authorship or alleged authorship of any provisions hereof or by reason of the status of the respective Parties. 

[SIGNATURES TO FOLLOW] 

  
 26 

 IN WITNESS WHEREOF, the Parties have caused this Operating Transition Services Agreement to be
executed by a duly authorized officer as of the date first written above. 
  

			
	ASSET RISK MANAGEMENT, LLC,
	a Delaware limited liability company
		
	By:	 	 /s/ Zachary D. Lee

	Name:	 	Zachary D. Lee
	Title:	 	Chief Executive Officer

  

			
	Address:	 	20329 State Highway 249
		 	Suite 450
		 	Houston, TX 77070
		 	Attn: Zachary D. Lee
		 	Phone: (281) 664-0041
		 	Fax: (281) 664-0029
		 	Email: zachlee@asset-risk.com

  

			
	KINGFISHER MIDSTREAM, LLC,
	a Delaware limited liability company
	
	By: KFM Holdco, LLC
		
	By:	 	 /s/ Michael Christopher

		 	Name: Michael Christopher
		 	Title: Secretary and Chief Financial Officer

  

			
	Address:	 	20329 State Highway 249
		 	Suite 450
		 	Houston, TX 77070
		 	Attn: Michael Christopher
		 	Phone: (281) 655-3200
		 	Fax: (281) 664-0029
		 	Email: mchristopher@asset-risk.com

 SIGNATURE PAGE 

TO THE 
 OPERATING TRANSITION
SERVICES AGREEMENT 

 EXHIBIT A 

BUDGET 
 (as attached) 

 EXHIBIT B 

INSURANCE 
 Without
limiting any of the obligations and liabilities of either Party at law or in equity, the Parties shall carry, or cause to be carried and maintained for the duration of this Agreement, the insurance outlined in this
Exhibit B and any additional insurance as may be required by Applicable Law or as may be otherwise either (i) specified by the Owner, provided that any such additional insurance shall be at the sole cost and
expense of the Owner, or (ii) mutually agreed upon by the Owner and the Operator from time to time: 
 Operator’s Insurance. The
Operator shall maintain insurance specified in items 1 through 6 below which shall be at the sole cost and expense of Operator: 
  

	1.	Commercial General Liability Insurance with an inclusive bodily injury, death, and property damage limit not less than One Million Dollars ($1,000,000) per occurrence. This policy shall include coverage for products and
completed operations, severability of interests and cross liability and shall include contractual liability addressing indemnification under this Agreement. The policy shall include the Owner as an additional insured. 

 

	2.	Statutory Worker’s Compensation in accordance with all applicable statutory requirements of the state(s) in which the work is performed, in all state(s) where employees are domiciled or reside, including Alternate
Employers Endorsement and shall waive insurer’s rights of recovery or subrogation against the Owner. 

  

	3.	Employer’s Liability Insurance with a limit of One Million Dollars ($1,000,000) each accident, One Million Dollars ($1,000,000) by disease each employee, and One Million Dollars ($1,000,000) by disease policy
limit. 

  

	4.	Automobile Liability Insurance covering all licensed motor vehicles or snowcraft and all-terrain vehicles, which are owned, non-owned,
leased or operated by the Operator and used in connection with this Agreement with an inclusive bodily injury, death and property damage limit of One Million Dollars ($1,000,000) per accident. Such insurance shall include a waiver of insurer’s
right of recovery or subrogation against the Owner and shall add the Owner as an additional insured. 

  

	5.	The Operator shall provide to the Owner on the Effective Date and upon annual renewal thereafter, evidence of compliance with this exhibit in the form of certificates of insurance. The amounts of insurance and coverage
required in this section may be satisfied by multiple policies which, when combined together, provide the total limits of insurance specified. 

  

	6.	Umbrella and/or Excess Liability Insurance written on a “Following Form” basis and providing coverage excess of operational insurance for Employer’s Liability, Automobile Liability and Commercial General
Liability required under this exhibit, with a combined single limit of at least Ten Million Dollars ($10,000,000) per occurrence and in aggregate. 

  

					
		 	EXHIBIT B	 	Page 1

 Owner’s Insurance Requirements. The Owner shall maintain at its sole cost and expense, on
behalf of the Owner, the following insurance: 
  

	1.	Construction Insurance for Systems. For any construction for the Systems that commences after the Effective Date of this Agreement, commencing with, and during the term of said construction for the Systems, the
Owner shall obtain and maintain construction-specific insurance in such limits and with such extensions as would be maintained by reasonable and prudent operators during similar construction activities, including: 

 

	 	•	 	Construction Liability Insurance, also known as General Liability Insurance, with a limit to be reasonably determined by the Owner, but in any case not less than Thirty Million Dollars ($30,000,000) for each occurrence
or accident, including property damage, bodily injury (including death at any time resulting therefrom) and personal injuries sustained by any Third Party (other than, with respect to the Operator, a Third Party that controls or is controlled by the
Operator) because of bodily injury or destruction of property arising from construction activities. Such coverage shall include Non-owned Automobile Liability, Contractual Liability and Sudden and Accidental
Pollution Liability. Coverage shall extend to include the Owner, the Operator, contractors and subcontractors as additional insureds, in connection with the work and shall waive subrogation against such additional insureds. The policy shall provide
for coverage during the term of construction, and include products and completed operations coverage following commissioning of the Systems. For purposes of this paragraph, “control” or “is controlled by” shall mean the
possession, whether direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract, or otherwise. 

 

	 	•	 	Builder’s Risk Insurance The Owner, shall obtain and maintain builder’s all-risk insurance on a completed value form with “extended coverage” (including
earthquake, flood, collapse, and sinkhole) to the full insurable value of the work on a replacement costs basis (excepting customary sub-limits and aggregate
sub-limits), in an amount not less than, $74,000,000 with coverage for debris removal, increased cost of construction, expediting expense, the Operator’s continuing hire and wage expense (allowing
reasonable overheads), concealed damage 50/50 clause, and pollution clean-up following a loss. Such policy shall commence on or before the Effective Date and provide coverage for physical damage to the Systems
including, during inland transit, or at an offsite storage/laydown area, property removed for repair, normal and customary perils insurable during commissioning and testing. The Owner shall also maintain or cause to be maintained with respect to the
Systems delay-in-start-up insurance on an “all risk” basis to cover expenses. Any associated delayed-start claims (or
claims to the Owner-furnished property prior to handing over care, custody and control to the Operator), shall be adjusted directly between the Owner and insurers of this builder’s all-risk insurance.

  

					
		 	EXHIBIT B	 	Page 2

 Coverage shall remain in effect until replaced by permanent property insurance to be obtained by
the Owner. If any damage or loss occurs that is covered by the builder’s all-risk policy or other property insurance applicable to the work, or other property at or adjacent to the work site, (a) the
Operator shall be responsible for the payment of deductible amounts under the applicable policy if the damage or loss is caused by the acts or omissions of the Operator or its subcontractors (of any tier), not to exceed, in each instance, $100,000;
and (b) the Owner shall be responsible for the payment of all other deductible amounts. 
  

	 	•	 	Delay In Completion Coverage – For construction projects commencing after the Effective Date, Owner shall obtain and maintain Delay in Completion Coverage in the amount of $20,000,000, covering direct physical loss
or damage to the Systems containing terms, sub-limits and extensions of coverage applicable to the Systems. This insurance policy will be written on an “all-risk
basis”. 

  

	 	•	 	Any other insurance reasonably determined to be necessary by the Owner. 

  

	 	•	 	The amounts of insurance and coverage required in this section may be satisfied by multiple policies which, when combined together, provide the total limits of insurance specified. 

Additional Owner Insurance. The Owner shall maintain at its sole cost and expense, on behalf of the Owner, the following insurance: 

 

	 	•	 	Commercial General Liability Insurance with an inclusive bodily injury, death, and property damage limit to be reasonably determined by the Owner, but in any case not less than One Million Dollars ($1,000,000) per
occurrence. This policy shall include coverage for products and completed operations, severability of interests and cross liability and shall include contractual liability addressing indemnification under this Agreement. The policy shall include the
Operator as named insured and shall waive all rights of subrogation or recovery against the Operator and the Owner. 

  

	 	•	 	Statutory Worker’s Compensation in accordance with all applicable statutory requirements of the state(s) in which the work is performed, in all state(s) where employees are domiciled or reside, including Alternate
Employers Endorsement and shall waive insurer’s rights of recovery or subrogation against the Operator. 

  

	 	•	 	Employer’s Liability Insurance with a limit of One Million Dollars ($1,000,000) each accident, One Million Dollars ($1,000,000) by disease each employee, and One Million Dollars ($1,000,000) by disease policy
limit. Such insurance shall include a waiver of insurer’s right of recovery or subrogation against the Operator and shall add the Operator as an alternative employer. 

 

	 	•	 	Automobile Liability Insurance covering all licensed motor vehicles or snowcraft and all-terrain vehicles, which are owned, non-owned,
leased or operated by the Owner and used in connection with this Agreement with an inclusive bodily injury, death and property damage limit of One Million Dollars ($1,000,000) per accident. Such insurance shall include a waiver of insurer’s
right of recovery or subrogation against the Operator and shall add the Operator as an additional insured. 

  

					
		 	EXHIBIT B	 	Page 3

	 	•	 	Umbrella and/or Excess Liability Insurance written on a “Following Form” basis and providing coverage excess of operational insurance for Employer’s Liability, Worker’s Compensation, Automobile
Liability and Commercial General Liability required under this exhibit, with a combined single maximum limit of Twenty Five Million Dollars ($25,000,000) per occurrence and in aggregate. 

 

	 	•	 	Property Insurance with a limit to be determined by the Owner, but in any case not less than, $147,766,064, with an additional $70,000,000 for Business Interruption , covering direct physical loss or damage to the
Systems containing terms, sub-limits and extensions of coverage applicable to the Systems. This insurance policy will be written on an “all-risk basis” form
with “extended coverage” (including earthquake, flood, collapse, and sinkhole) to the full insurable value of the Systems on a replacement cost basis (excepting customary sub-limits and aggregate sub-limits). 

  

	 	•	 	Any other insurance reasonably determined to be necessary by the Owner. 

  

	 	•	 	The amounts of insurance and coverage required in this section may be satisfied by multiple policies which, when combined together, provide the total limits of insurance specified. 

Other Insurance Items. 
  

	2.	The insurance maintained pursuant to this exhibit shall: (a) be with insurance companies authorized to do business in the state(s) where activities under the Agreement will occur and shall be rated at least A-VII by AM Best or A by Standard & Poors; (b) be endorsed to show, or shall otherwise contain language that such insurance will be primary to and not contributory with any other insurance available to
the Operator and the Owner. In the case of construction activities, any construction insurance obtained and maintained under this Agreement shall be endorsed to be primary with respect to any other insurance available to the Owner and the Operator;
(c) provide thirty (30) days’ advance notice of cancellation to the Owner and the Operator; and (d) include a provision that such policy shall survive the default or bankruptcy of the insured for claims arising out of an event
before such default or bankruptcy. 

  

	3.	In the event that any insurance described within this exhibit other than insurance required by Applicable Law, shall, in the reasonable opinion of the Party obligated to obtain and maintain such insurance, be
unavailable on commercially reasonable terms, then the such Party shall promptly notify the other Party; however, the Parties will remain obligated to maintain such insurance up to the level, if any, at which such insurance can be maintained
on commercially reasonable terms in the commercial insurance market for systems similar to the Systems. 

  

	4.	Each Party shall ensure that the insurance required to be obtain and maintain by such Party hereunder be obtained on, and shall include terms and conditions which are, in such Party’s reasonable opinion, the best
available from the marketplace on reasonable terms and ordinary or appropriate. 

  

					
		 	EXHIBIT B	 	Page 4

	5.	If the Operator makes any payments with respect to any losses, damages, claims or liabilities arising out of this Agreement which are covered by insurance policies maintained by the Owner hereunder with the approval of
the insurers thereof such payments shall be reimbursed by the Owner to the Operator. 

  

	6.	The Operator and the Owner shall cooperate and shall provide each other with such assistance and materials as is required to support the placement of insurance and to substantiate such damages or losses for the purposes
of claim recoveries sought under insurance coverage required by this exhibit. 

  

	7.	All of the Operator’s coverages shall stipulate that the Operator’s insurance will be primary to and non-contributory with any other insurance carried by the Owner.
Similarly, all of the Owner’s coverage shall stipulate that the Owner’s insurance will be primary to and non-contributory with any other insurance carried by the Operator. Each policy insuring
against liability to third parties shall contain a severability of interests or cross liability provision where applicable. 

  

	8.	Any insurance carried hereunder that is written to cover more than one insured, shall provide that all terms, conditions, insuring agreements and endorsements, shall operate in the same manner as if there were a
separate policy covering such insured. 

  

	9.	Before permitting any subcontractors to perform any work with respect to the Systems, the Operator shall obtain a certificate of insurance from each such subcontractor evidencing that such subcontractor has obtained the
required insurance. The Operator shall be responsible for ensuring that policies of subcontractors insurance name the Owner as an additional insured. The Operator shall be responsible for ensuring that all policies of subcontractors’ insurance
include a waiver of any right of subrogation of the insurers thereunder against the Owner. 

  

					
		 	EXHIBIT B	 	Page 5

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