Document:

ex10-1

EXECUTION VERSION   24047478v03   AMENDMENT NO. 3, dated as of January 24, 2014 (this “Amendment”), among   LOGAN’S ROADHOUSE, INC., a Tennessee corporation (the “Borrower”), LRI HOLDINGS,   INC., a Delaware corporation (“Holdings”), JPMORGAN CHASE BANK, N.A., as Administra-   tive Agent, and the Required Lenders listed on the signature pages hereto, to the CREDIT   AGREEMENT, dated as of October 4, 2010, as amended, supplemented, amended and restated   or otherwise modified from time to time (the “Credit Agreement”) among the Borrower, Hold-   ings, each lender from time to time party thereto (collectively, the “Lenders” and, individually, a   “Lender”), JPMORGAN CHASE BANK, N.A., as Administrative Agent, and the other financial   institutions party thereto. Capitalized terms used and not otherwise defined herein shall have the   meanings assigned to them in the Credit Agreement.   WHEREAS, Section 10.1 of the Credit Agreement permits the Credit Agreement   to be amended from time to time with the written consent of the Required Lenders, the Adminis-   trative Agent and each Loan Party party thereto;   NOW, THEREFORE, in consideration of the premises and covenants contained   herein and for other good and valuable consideration, the receipt and sufficiency of which are   hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:   Section 1. Amendments.   As of the Amendment No. 3 Effective Date (as defined below), the Credit   Agreement shall be amended as follows:   (a) Section 1.1 of the Credit Agreement is hereby amended by adding the   following definitions:   “Consolidated First Lien Leverage Ratio”: as at the last day of any period,   the ratio of (a) Consolidated Total First Lien Debt on such day to (b) Consolidated   EBITDA for such period.   “Consolidated Total First Lien Debt”: at any date (a) an amount equal to   Consolidated Total Debt as of such date that is secured by Liens on the Collateral   (other than (i) Liens securing the Senior Secured Notes, (ii) Liens that are junior   or subordinated to the Liens on the Collateral securing the Obligations to the ex-   tent the parties secured by such junior or subordinated Liens (or their representa-   tive) have entered into an intercreditor agreement in form and substance reasona-   bly satisfactory to the Administrative Agent providing that such Liens are junior   or subordinated to the Liens on the Collateral securing the Obligations and (iii)   Liens on Collateral consisting of property or assets held in defeasance or deposit-   ed in trust for redemption, repayment, retirement, satisfaction, discharge or defea-   sance or similar arrangement for the benefit of the indebtedness secured thereby   in connection with a redemption, repayment, retirement, satisfaction, discharge or   defeasance or similar arrangement permitted by this Agreement).    

 

-2-   24047478v03   (b) The definition of “Applicable Pricing Grid” in Section 1.1 of the Credit   Agreement is hereby amended by replacing the table with the following:   Consolidated Leverage Ratio Applicable Margin   for Eurodollar Loans   Applicable Margin   for ABR Loans   Level I:   Greater than or equal to 4.50:   1.00 5.00% 4.00%   Level II:   Less than 4.50: 1.00 but greater   than 4.25: 1.00 4.50% 3.50%   Level III:   Less than or equal to 4.25:   1.00 4.25% 3.25%   (c) Section 6.2 of the Credit Agreement is hereby amended by deleting the   word “and” at the end of clause (g), by deleting the period at the end of clause (h) and   replacing it with “; and” and inserting a new clause (i) as follows:   (i) as soon as available, but in any event not later than 30 days after the   end of each fiscal month which is not the end of a fiscal quarter of the Borrower,   the unaudited preliminary consolidated statement of cash and debt positions of the   Borrower and its consolidated Subsidiaries as at the end of such month and the re-   lated unaudited preliminary consolidated statements of income for such month, in   each case, as customarily prepared by the Borrower for its internal use.   (d) The definition of “Permitted Refinancing Debt” in Section 1.1 of the   Credit Agreement is hereby amended by replacing the words “Consolidated Leverage   Ratio” with “Consolidated First Lien Leverage Ratio”.   (e) Section 7.16 of the Credit Agreement is hereby amended by replacing the   table with the following:   Fiscal Year Ending Amount   July 31, 2011 $50,000,000   July 29, 2012 $55,000,000   July 28, 2013 $20,000,000   August 3, 2014 $25,000,000   August 2, 2015 $25,000,000   July 31, 2016 $25,000,000   (f) Section 7.17(a) of the Credit Agreement is hereby amended and restated in   its entirety as follows:    

 

-3-   24047478v03   (a) Consolidated First Lien Leverage Ratio. During a Covenant Compli-   ance Period only, permit the Consolidated First Lien Leverage Ratio as at the last   day of any period of four consecutive fiscal quarters of the Borrower ending with   any fiscal quarter set forth below to exceed the ratio set forth below opposite such   fiscal quarter   Fiscal Quarter/Year Ending   Consolidated First Lien   Leverage Ratio   2014 0.75: 1.00   2015 0.75: 1.00   2016 0.75: 1.00   (g) Section 7.17(b) of the Credit Agreement is hereby deleted in its entirety.   (h) The words “financial covenants” in the definition of “Permitted   Refinancing Debt” in Section 1.1, Section 7.2(f), and Section 7.6(g)(v), are hereby   replaced with “financial covenant”.   Section 2. Representations and Warranties.   Each of Holdings and the Borrower represents and warrants to the Lenders as of   the date hereof and the Amendment No. 3 Effective Date (as defined below) that:   (a) Each of the representations and warranties made by any Loan Party in or   pursuant to the Loan Documents are true and correct in all material respects on and as of   the date hereof and as of the Amendment No. 3 Effective Date, except to the extent such   representations and warranties expressly relate to an earlier date (in which case such   representations and warranties shall be true and correct as of such earlier date).   (b) No Default or Event of Default has occurred and is continuing.   Section 3. Conditions to Effectiveness.   This Amendment shall become effective as of the date first written above (the   “Amendment No. 3 Effective Date”) when:   (a) the Administrative Agent (or its counsel) shall have received from (i) the Re-   quired Lenders and (ii) each of the other parties hereto, a counterpart of this Amendment signed   on their behalf; and   (b) each Lender shall have received payment of a consent fee in an amount equal   to 0.25% of the amount of such Lender’s Revolving Commitment.   The Administrative Agent will confirm to the Borrower the completion of the   condition set forth in clause (a)(i) of this Section 3.    

 

-4-   24047478v03   Section 4. Counterparts.   This Amendment may be executed by one or more of the parties to this Amend-   ment on any number of separate counterparts, and all of said counterparts taken together shall be   deemed to constitute one and the same instrument. Delivery of an executed signature page of   this Amendment by email or facsimile transmission shall be effective as delivery of a manually   executed counterpart hereof. A set of the copies of this Amendment signed by all the parties   shall be lodged with the Borrower and the Administrative Agent.   Section 5. Applicable Law.   THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE   PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED   AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW   YORK.   Section 6. Effect of Amendment.   Except as expressly set forth herein, this Amendment shall not by implication or   otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the   Lenders or the Agents under the Credit Agreement or any other Loan Document, and shall not   alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or   agreements contained in the Credit Agreement or any other provision of the Credit Agreement or   any other Loan Document, all of which are ratified and affirmed in all respects and shall contin-   ue in full force and effect.   [Signature pages follow]Magnum Hunters 9-K

Exhibit 10.1

TRANSITION
SERVICES AGREEMENT

THIS TRANSITION
SERVICES AGREEMENT (this “Agreement”), dated January 28, 2014, between Shale Hunter, LLC, a Delaware
limited liability company (“Operator”), and New Standard Energy Texas LLC, a Texas limited liability
company (“Buyer”). Buyer and Operator are sometimes referred to below individually as a “Party”
or collectively as the “Parties”.

W I T N E S S E T H:

WHEREAS, pursuant
to that certain Purchase and Sale Agreement dated as of January 21, 2014, by and between Shale Hunter, LLC, Magnum Hunter
Resources Corporation, Magnum Hunter Production, Inc., and Energy Hunter Partners 2012-A Drilling & Production Fund, Ltd. (collectively,
“Seller”), as “Seller”, and New Standard Energy Texas LLC, as “Buyer”, and New
Standard Energy Limited, as Additional Party (as the same may be amended pursuant to the terms thereof, the “Purchase
Agreement”), Buyer has agreed to purchase from Seller, and Seller has agreed to sell to Buyer, all of the Assets
(capitalized terms used in this Agreement that are not otherwise defined herein shall have the respective meanings ascribed to
them in the Purchase Agreement).

WHEREAS, in order
to facilitate an orderly transfer of the Assets from Seller to Buyer, Buyer has requested that Operator provide Buyer certain services
with respect to the Assets (which services are described in Exhibit A), and Operator has agreed to provide such services
to Buyer, for a period of time after Closing pursuant to the terms and subject to the conditions set forth in this Agreement.

NOW, THEREFORE, in
consideration of the premises, the covenants set forth herein and the benefits to be derived herefrom, the Parties hereby agree
as follows:

1.                 
Services. Pursuant and subject to the terms hereof, Operator agrees to provide for the benefit of Buyer each of the
services described in Exhibit A (each service, a “Service”, and, collectively, the “Services”).
Each Service shall be provided in accordance with Law, in all material respects, and for a period of time commencing on the date
of this Agreement and terminating on the Service Termination Date for such Service. Except with respect to the Consulting Services
set forth in Exhibit A, (a) the Services shall be substantially similar in nature, quantity and quality to the
Services previously performed by Operator with respect to the Assets during the time period before the Closing Date, and (b) Operator
shall not be obligated to provide any Services that Operator did not perform with respect to the Assets for its account immediately
prior to the Closing Date. In the event of a dispute over the nature, quantity or quality of the Services, the prior practice of
Operator with respect to the Services previously performed by Operator with respect to the Assets shall be conclusive as to the
nature, quantity and quality of the Services required under this Agreement. Without limiting the generality of the foregoing, Buyer
acknowledges and agrees that Operator shall not be required to provide or prepare any report, information, statement or other accounting
function in connection with performing any of the Accounting Services in accordance with any standard other than generally accepted
accounting principles adopted and recognized in the United States of America. At Operator’s election, all or any part of
the Services may be performed or provided by any Affiliate or Affiliates of Operator or any third-party service provider engaged
by Operator, in

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each case who has historically provided
the applicable Service to or on behalf of Operator. To the extent any Services are performed or provided by an Affiliate of Operator
or any such third-party service provider, such Services shall nonetheless be considered as having been performed or provided by
Operator hereunder. Notwithstanding anything contained herein or in Exhibit A to the contrary, Operator shall not
be obligated to enter into any contract or agreement in connection with performing the Services.

2.                 
Service Fees; Reimbursement of Out-of-Pocket Costs and Expenses.

(a)On the date
hereof and on the first day of each calendar month thereafter during the Transition Period, Buyer shall pay to Operator a fixed
monthly fee in the amount of Fifty Thousand Dollars (US $50,000), which amount is subject to change pursuant to Section 3(b)(iii)
(“Service Fee”). Buyer shall also pay to Operator an hourly rate for providing certain Accounting Services
as more particularly set forth in Exhibit C (the “Accounting Services Fee”). If this Agreement
commences on a day other than the first day of a calendar month or terminates on a day other than the last day of a calendar month,
then the Service Fee to be paid to Operator for such month shall be prorated.

(b)Buyer shall
reimburse Operator for all reasonable out-of-pocket costs and expenses Operator (or any Affiliate of Operator or third-party service
provider) incurs in connection with performing the Services hereunder, including, without limitation, for personnel travel, long-distance
telephone, photocopying, delivery charges and similar costs and expenses.

(c)Operator
shall provide Buyer with an invoice for (i) out-of-pocket costs and expenses that Operator and each Affiliate providing a
Service hereunder have incurred and are covered by Section 2(b) above (which costs and expenses shall be detailed in
the invoice) and (ii) the Accounting Services Fee that has been incurred by Operator (or its Affiliate) but not yet paid by
Buyer to Operator. Buyer shall pay to Operator the amount provided in such invoice within ten (10) Business Days after its receipt
of such invoice.

(d)Taxes assessed
or levied on the goods or services provided under this Agreement, including any value-added tax, goods and services tax, sales
or use tax, well service tax or similar taxes, whether collected by a supplier of such goods or services to Operator or paid directly
by Operator to a taxing authority or based on Operator’s charges to Buyer or otherwise, shall be for the account of and paid
by Buyer either directly to the taxing authority or paid to Operator as a reimbursement of any such taxes paid by Operator. If
any goods or services provided under this Agreement are taxable, Operator’s billings shall segregate the taxable and nontaxable
fees. In addition to the foregoing, Buyer shall pay and be responsible for all property and ad valorem taxes and all production,
severance, excise, gathering or similar taxes with respect to the Interests and the Wells. Without limiting the generality of the
immediately preceding sentence, to the extent Operator pays any of such taxes, Buyer shall promptly reimburse Operator for the
same.

3.                 
Periodic review of Services and Service Fee. Within seven (7) days prior to the expiry of each successive six-month
period occurring during the Transition Period and beginning on the commencement of this Agreement (each a “Service
Period”), Buyer will notify

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Operator as to whether or not it requires
each relevant category of Services provided during the then-current Service Period to be provided in the subsequent Service Period
and to the extent that:

(a)there is no
change to the Services required during that subsequent Service Period, the Service Fee in relation to it will remain the same;

(b)Buyer notifies
Operator that it no longer requires a certain category of Services (“Redundant Services”) to be provided
with respect to that subsequent Service Period:

(i)Operator
will have no right or be under any obligation to provide the Redundant Services past the end of the then-current Service Period;

(ii)the last
day of such then-current Service Period will be the Service Termination Date for the Redundant Services;

(iii)the Parties
will in good faith meet to negotiate whether the amount of the Service Fee should be revised (and, if the Parties agree that the
amount of the Service Fee should be revised, the Service Fee shall be changed to such revised amount); and

(c)Buyer notifies
Operator that all of the Services are to become Redundant Services, this Agreement will terminate as at the expiry of such then-current
Service Period.

4.                 
Information Necessary to Perform the Services. Any information and assistance reasonably necessary for Operator to
perform or cause to be performed a Service shall be promptly provided by Buyer.

5.                 
Hardware Equipment. Other than to the extent specifically contemplated in subparagraph 2(h) of Exhibit A,
nothing herein shall be construed as requiring Operator to acquire any additional equipment beyond its current inventory.

6.                 
Disclaimer of Warranties, Indemnification and Liability Limitations.

(a)               
Notwithstanding anything contained herein to the contrary, Operator makes no, and disclaims all, representations and warranties,
express or implied, with respect to the performance of the Services, including, without limitation, any representation or warranty
of merchantability or fitness for a particular purpose, all of which are hereby expressly excluded and disclaimed. No member of
the Seller Group shall be liable to any member of the Buyer Group, whether in contract, tort (including negligence and strict liability),
or otherwise, for any special, indirect, incidental, consequential, exemplary or punitive damages, or damages for lost profits,
damage to reputation or loss of goodwill, which in any way arise out of, relate to, or are a consequence of, its performance or
nonperformance hereunder.

(b)              
Buyer hereby agrees to indemnify, defend and hold harmless the Seller Group from and against any and all Losses and Claims
incurred by or asserted against any member of the Seller Group that arise out of, result from or relate to any act or omission
performed or omitted in connection with the Services or under or on account of this Agreement, INCLUDING ANY CLAIM ARISING OUT
OF, RESULTING FROM OR RELATING

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TO, SOLELY OR IN PART, THE SOLE,
ACTIVE, PASSIVE, CONCURRENT OR COMPARATIVE NEGLIGENCE, STRICT LIABILITY OR OTHER FAULT OR VIOLATION OF LAW OF OR BY OPERATOR, ANY
THIRD-PARTY SERVICE PROVIDER PROVIDING SERVICES HEREUNDER OR ANY OTHER MEMBER OF THE SELLER GROUP; provided, however,
that Buyer shall not be obligated to indemnify, defend or hold harmless any member of the Seller Group to the extent any Loss or
Claim arises out of, results from or relates to the gross negligence or willful misconduct of Operator or any member of the Seller
Group providing the Services hereunder.

(c)               
Operator hereby agrees to indemnify, defend and hold harmless the Buyer Group from and against any and all Losses and Claims
incurred by or asserted against any member of the Buyer Group to the extent such Losses and Claims arise out of, result from or
relate to the gross negligence or willful misconduct of Operator or any member of the Seller Group providing Services under this
Agreement.

(d)              
The amount of any Losses and Claims payable under Section 6(b) by Buyer shall be net of any amounts recovered
by Operator under applicable insurance policies or from any other Person alleged to be responsible therefor. If Operator receives
any amounts under applicable insurance policies, or from any other Person alleged to be responsible for any Losses or Claims, subsequent
to an indemnification payment by Buyer, then Operator shall promptly reimburse Buyer for any payment made or expense incurred by
Buyer in connection with providing such indemnification payment up to the amount received by Operator, net of any expenses incurred
by Operator in collecting such amount.

7.                 
Term. The Services to be provided pursuant to the terms of this Agreement shall commence upon the Closing Date and,
unless otherwise agreed in writing by the Parties, shall terminate on the first (1st) anniversary thereof; provided,
however, that (a) Buyer shall have the right to terminate this Agreement (and the provision of all of the Services under
it) either (i) as contemplated in Section 3(c) or (ii) otherwise at any time prior to the expiration of the Transition Period
by delivering Operator not less than five (5) days’ prior written notice of its intent to terminate this Agreement, (b) in
the event Buyer (i) breaches its obligation to pay Operator any sum of money due to Operator hereunder and fails to cure such
breach within fourteen (14) days after receiving written notice therefor from Operator or (ii) materially breaches any other
obligation under this Agreement, Operator shall have the right to terminate this Agreement as to all of the Services by delivering
Buyer written notice thereof and (c) in the event of a change of control of either Operator or Buyer (other than by way of
a solvent reconstruction of Buyer Group), Operator shall have the right to terminate this Agreement as to all of the Services at
any time after such event and prior to the expiration of the Transition Period by delivering Buyer five (5) days’ prior written
notice of its intent to terminate this Agreement (the date on which this Agreement terminates pursuant to this Section 7
with respect to all the Services being the “TSA Termination Date”; and the period of time from the Closing
Date until the TSA Termination Date being the “Transition Period”). If (i) Operator terminates this
Agreement pursuant to Section 7(b), (ii) Buyer terminates all of the Services pursuant to Section 7(a) or (iii) either
Party terminates this Agreement pursuant to Section 7(c), Operator shall promptly refund to Buyer the prorated portion,
if any, of the Service Fee Buyer paid pursuant to Section 2(a) for the remainder, if any, of the calendar month in
which such termination occurs and any amounts standing to Buyer’s credit in the Bank Account (other than

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where such amounts have been allocated
to pay invoices for goods and services acquired up to the TSA Termination Date); provided, however, Operator shall not be
obligated to refund, but shall be entitled to retain and withdraw from the Bank Account upon such termination, all outstanding
amounts at such termination that Buyer has failed to timely pay to Operator pursuant to Section 2(c) or 2(d). For
purposes of this Section 7, the term “change in control” shall mean, with respect to a Party (or its ultimate
parent), each occurrence of either (i) the acquisition, directly or indirectly, by any Person or group of beneficial ownership
of more than 50% of the aggregate outstanding voting power of the limited liability company or other equity interests in such Party
(or its ultimate parent); or (ii) (A) such Party (or its ultimate parent) consolidates with or merges into another entity
or conveys, transfers or leases all or substantially all of its property and assets to any Person, or (B) any entity consolidates
with or merges into such Party (or its ultimate parent), which in either event (A) or (B) is pursuant to a transaction
in which the outstanding limited liability company or other equity interests in such Party (or its ultimate parent) is reclassified
or changed into or exchanged for cash, securities or other property.

8.                 
Cash Management.

(a)               
Buyer acknowledges and agrees that the Services involve making payments, purchases, disbursements and other expenditures
and that Buyer will be solely liable for making or failing to make the same. Without limiting the generality of the foregoing and
notwithstanding anything herein contained to the contrary, (i) Buyer shall, at its option, either (A) promptly transfer
funds to the Bank Account to cover any payments, purchases, disbursements or other expenditures to be made in connection with performing
the Services or (B) choose to make the same directly from its own funds and (ii) Operator shall not be required to make
any payment, purchase, disbursement or other expenditure under this Agreement or on Buyer’s behalf if (A) the balance
of funds held in the Bank Account are insufficient to make such payment, purchase, disbursement or other expenditure, (B) Operator
(or any Affiliate of Operator performing a Service hereunder) is prohibited from making such payment, purchase, disbursement or
other expenditure under the terms and conditions of any type of existing credit agreement of Magnum Hunter Resources Corporation
or any of its Affiliates, including the Third Amended and Restated Credit Agreement, dated
as of December 13, 2013, among Magnum Hunter Resources Corporation, a Delaware corporation, the lenders party thereto, and Bank
of Montreal, as administrative agent for such lenders (collectively, the “Credit Facilities”), or (C) Buyer
is in breach of its payment obligations under this Agreement. Except in cases Operator reasonably believes constitute an emergency
and except to the extent (i) contemplated under subparagraph 2 of Exhibit A or (ii) required under the
terms of a contract Operator entered into on Buyer’s behalf in accordance with Section 12(f), Operator will not make
any payment, purchase, disbursement or other expenditure on Buyer’s behalf having a value in excess of $10,000 without first
providing reasonable details of the same to Buyer and obtaining Buyer’s approval in writing; provided, however, that,
for the avoidance of doubt, in the event any such exception exists, Operator shall not be required to make any payment, purchase,
disbursement or other expenditure under this Agreement or on Buyer’s behalf if (1) the balance of funds held in the
Bank Account are insufficient to make such payment, purchase, disbursement or other expenditure, (2) Operator (or any Affiliate
of Operator performing a Service hereunder) is prohibited from making the same under the terms and conditions of any of the Credit
Facilities or (3) Buyer is in breach of its payment obligations under this Agreement.

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(b)              
 As soon as practicable after the commencement of the Transition Period, Operator shall establish and thereafter maintain
a bank account in the name of Operator (or its Affiliate) (the “Bank Account”), for the purposes of accumulating
receipts and disbursing payments contemplated pursuant to this Agreement. Operator shall not withdraw any funds for its own account
or cause any funds to be transferred to any Affiliate of Operator except for (i) receipts attributable to the Assets for periods
prior to the Effective Time, (ii) receipts attributable to Retained Assets, and (iii) the amount of any and all direct
costs or expenses (including capital expenditures) attributable to the ownership, exploration, maintenance, development, production
and operation of the Assets which Seller or any of its Affiliates paid after Closing. Operator shall not cause any funds of the
Bank Account to be disbursed except as provided in this Agreement. In no event shall funds of the Bank Account or otherwise related
to the Assets from and after the date hereof be commingled with any other funds or accounts of Operator or any Affiliate of Operator
and Operator shall promptly notify Buyer if funds in the Bank Account are (x) not sufficient to cover pending disbursements
or (y) less than $250,000. Not less than five (5) Business Days after Buyer receives such notice from Operator, Buyer shall
deliver to the Bank Account by wire transfer of same day funds an amount not less than such deficiency. In connection therewith,
Buyer shall (1) establish and thereafter maintain a bank account in the name of Buyer for the purposes of funding and making
disbursements to the Bank Account, (2) maintain a minimum balance in such bank account of not less than $500,000, and (3) provide
Operator evidence upon request to verify the then current balance of such bank account.

(c)               
In the event Buyer approves an authority for expenditure issued with respect to the Assets, Operator, at its election, shall
have the right from time to time to demand from Buyer payment in advance of the estimated amount of the expenses Operator reasonably
expects to be incurred in performing the Services in connection therewith during the next succeeding month, which right may be
exercised only by submission to Buyer of an itemized statement of such estimated expenses, together with an invoice therefor. Buyer
shall deliver to the Bank Account by wire transfer of same day funds such estimated amount within ten (10) days after receiving
such notice from Operator.

9.                 
Consultation with Buyer. From time to time during the Transition Period, Operator shall consult with Buyer with respect
to the Services being provided herein and shall act in accordance with reasonable instructions, if any, provided by the designees
of Buyer (designated by Buyer to Operator in writing) in connection with the Services and Operator shall be entitled to rely upon
any written or oral instructions received from such designees unless Operator knows such instructions are not within the terms
of their designated authority.

10.             
Access.

(a)               
Subject to the terms and conditions of this Section 10, for so long as Operator or its Affiliates have the right
to occupy its existing space at its current offices at 777 Post Oak Boulevard, Suite 650, Houston, Texas 77056 (the “Operator
Location”) during the Transition Period, Buyer, at its sole cost and expense, shall have the right to designate one
(1) individual who will have reasonable access to, and use of, a work space designated by Operator from time to time at the Operator
Location for the sole purposes of (i) evaluating the operation and development of the Assets and any additional oil and gas
interests Buyer acquires within the

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Eagle Ford Shale area with Operator’s
assistance pursuant to subparagraph 6(f) of Exhibit A; (ii) receiving training that is reasonable in scope from
Operator’s personnel at such reasonable times in connection with the operation and maintenance of the Assets and related
matters; and (iii) liaising with Operator’s personnel responsible for performing the Services as to the conduct of such
Services; and (iv) liaising with Operator’s personnel responsible for performing the Drilling and Operations Services
and Consulting Services in connection with the identification, investigation, assessment and acquisition of prospective acreage
within the Eagle Ford Shale area, including the drilling, completion and stimulation of additional oil and gas wells within the
Leases.

(b)              
Buyer shall promptly notify Operator in writing of the name and position, along with any appropriate curricula vitae, of
the individual that Buyer proposes to locate at the Operator Location. Operator shall provide such individual, within ten (10)
days following Operator’s receipt of such notice regarding such individual, reasonable access to, and use of, (i) a work
space and equipment at the Operator Location to allow such individual to actively participate in the evaluation and development
of the Assets.

(c)               
Such individual shall (i) remain an employee of Buyer or the Affiliate of Buyer, as applicable, (ii) be subject to and comply
with all aapplicable Laws and other practices established by any applicable Governmental Authority or by Operator from time to
time for its employees, (iii) not interfere unduly with the business operations of Operator and (iv) not hold himself or herself
as an officer, director, manager, agent or employee of Operator. Operator shall, upon execution of this Agreement, provide a copy
of its applicable rules, regulations and policies to Buyer and shall promptly provide
a copy of any revisions to such rules, regulations and policies.

11.             
Insurance. Buyer shall carry or provide insurance as outlined in Exhibit B.

12.             
General Provisions.

(a)               
This Agreement shall inure to the benefit and shall be binding upon the Parties, their respective successors and assigns;
provided, however, that, without limiting the right of Operator to delegate all or a portion of the Services pursuant to
Section 1, this Agreement and all rights and obligations hereunder cannot be assigned by either Party without the prior
written consent of the other Party, which consent will not unreasonably be withheld.

(b)              
This Agreement constitutes the entire agreement and understanding between the Parties and supersedes all prior agreements,
whether written or oral, with respect to the subject matter hereof. This Agreement may be amended or modified only by written instrument
executed by Buyer and Operator.

(c)               
The provisions of this Agreement shall be governed by and construed in accordance with the laws of the State of Texas without
reference to the conflict of law principles thereof.

(d)              
Any provision in this Agreement that might otherwise be invalid or unenforceable because of the contravention of any applicable
Law shall be deemed to be

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amended to the extent necessary to remove
the cause of such invalidation or unenforceability, and such provision, as amended, shall remain in full force and effect.

(e)               
Unless otherwise expressly provided in this Agreement, all notices required or permitted hereunder shall be in writing and
deemed sufficiently given for all purposes hereof if (i) delivered in person, by courier or by registered or certified United
States Mail to the Person to be notified, with receipt obtained, or (ii) sent by facsimile, with “answer back”
or other “advice of receipt” obtained, in each case to the appropriate address or number as set forth below. Each notice
shall be deemed effective on receipt by the addressee as aforesaid; provided that, notice received by facsimile after 5:00 p.m.
at the location of the addressee of such notice shall be deemed received on the first Business Day following the date of such electronic
receipt. Notices to Operator shall be addressed as follows:

Shale Hunter, LLC

c/o Magnum Hunter Resources Corporation

777 Post Oak Boulevard, Suite 650

Houston, Texas 77056

Attention: Paul Johnston – General Counsel

Facsimile: (832) 369-6992

 

With a copy to:

 

Magnum Hunter Resources Corporation

777 Post Oak Boulevard, Suite 650

Houston, Texas 77056

Attention: Joseph Daches – Chief Financial Officer

Facsimile: (832) 369-6992

 

Magnum Hunter Resources Corporation

777 Post Oak Boulevard, Suite 650

Houston, Texas 77056

Attention: H.C. “Kip” Ferguson III – Executive
Vice President of Exploration

Facsimile: (832) 369-6992

 

Magnum Hunter Resources Corporation

777 Post Oak Boulevard, Suite 650

Houston, Texas 77056

Attention: Ginny Kadlick

Facsimile: (832) 369-6992

 

or at such other address or to such
other facsimile number and to the attention of such other Person as Operator may designate by written notice to Buyer. Notices
to Buyer shall be addressed to:

    	8

    	 

    

New Standard Energy Texas LLC

c/o New Standard Energy Limited

Level 2, 7 Ventnor Avenue

West Perth WA 6005

Attention: Marcus Gracey – Head of Commercial, Legal
& Indigenous Affairs

Facsimile: +61 8 9486 7670

 

 

With a copy to:

 

Walne Law, PLLC

4900 Woodway

Suite 975

Houston, Texas 77056

Attention: Walter H. Walne, III

Facsimile: (713) 622-2886

 

or at such other address or to such
other facsimile number and to the attention of such other Person as Buyer may designate by written notice to Operator.

(f)               
Operator and Buyer shall each act solely as independent contractors, and nothing herein shall at any time be construed to
create the relationship of employer and employee, partnership, principal and agent, broker or finder, or joint venturers as between
Operator and Buyer. Except as expressly provided herein, neither Party shall have any right or authority, and shall not attempt
to enter into any contract, commitment or agreement or incur any debt or liability of any nature, in the name of or on behalf of
the other. The Parties agree that the employees who perform Services under Section 1 of this Agreement are employees
of Operator or the Person providing the Service, as the case may be.

(g)              
Except as expressly provided herein, nothing in this Agreement shall entitle any person other than the Parties or their
respective successors and assigns permitted hereby to any claim, cause of action, remedy or right of any kind.

(h)              
This Agreement may be executed in any number of counterparts, and each such signed counterpart shall constitute an original
of this Agreement.

[SIGNATURE PAGE
FOLLOWS]

    	9

    	 

    

IN WITNESS WHEREOF,
the undersigned have executed this Agreement as of the date first written above, to become effective, however, only if, and as
of the date on which, the Closing occurs.

Operator:

SHALE HUNTER, LLC

By:/s/ H.C. “Kip” Ferguson, III

Name:H.C. “Kip” Ferguson, III

Title: President

 

 

 

 

Buyer:

 

NEW STANDARD ENERGY TEXAS LLC

By:/s/ Marcus Gracey

Name:Marcus Gracey

Title: “Attorney” Pursuant to Special
Power of Attorney

 

 

 

 

 

 

 

 

 

Signature Page
to Transition Services Agreement

 

    	 

    	 

    

EXHIBIT A

 

Attached to and made part of that certain Transition
Services Agreement

dated January 28, 2014, by and between

Shale Hunter, LLC and

New Standard Energy Texas LLC

 

SERVICES

 

1.                 
Marketing Services – Until the Service Termination Date for the Marketing Services, Operator shall provide
marketing, gas control, gas scheduling, and contract administration services as reasonably requested by Buyer necessary to sell
the oil, gas, and other production from the Interests, Wells and any other wells drilled on the Interests during the Transition
Period (collectively the “Marketing Services”). During the period in which Operator is providing such
Marketing Services, Operator shall provide Buyer with monthly summaries of the quantities of oil and gas scheduled and sold for
such periods and plant statements (and corresponding gas wells) associated with gas production from the Interests, Wells and any
other wells drilled on the Interests during the Transition Period. Buyer shall assume all Marketing Services beginning with the
first full production month after the month in which the Service Termination Date for the Marketing Services occurs. All gas nominations
required for the production month for which Buyer assumes Marketing Services shall be made by Buyer. Until the Service Termination
Date for the Marketing Services, Operator may sell oil, gas, and other production from the Interests, Wells and any other wells
drilled on the Interests during the Transition Period, to any Affiliate of Operator without liability to Buyer relating to or arising
out of Affiliate sales, provided that the price shall be based on the price that could then be obtained by Operator or its Affiliate
from a third party in an arms-length transaction in relation to similar product.

2.                 
Drilling and Operations Services – Until the Service Termination Date for the Drilling and Operations Services,
with respect to Interests and Wells that Operator operated as of the Closing Date and any other wells that are operated by Buyer
and drilled on the Interests during the Transition Period, Operator shall continue full management of well planning, drilling,
completion and well stimulation activities and physical operation of the Wells (including such other wells), gathering systems,
pipelines, pipeline laterals, and other facilities comprising the Assets and retain all responsibility for regulatory reporting
for such Assets for all production periods prior to such Service Termination Date (collectively the “Drilling and
Operations Services”).

Until the
Service Termination Date for the Drilling and Operations Services, Operator shall assist Buyer, as reasonably directed by Buyer’s
personnel, in the Drilling and Operations Services for the Interests, Wells and any other wells drilled on the Interests during
the Transition Period (operated and non-operated, as applicable) as follows:

(a)               
Conducting, managing or supervising (as appropriate) the planning, drilling, geosteering and construction of all oil and
gas wells;

Exhibit
A to Transition Services Agreement 

    	 

    	 

    

(b)              
 Conducting, managing or supervising (as appropriate) the completion, fracture stimulation and flowback/clean-up operations
of all oil and gas wells;

(c)               
Operating and maintaining all oil and gas wells and associated personal property;

(d)              
Operating automated field systems, communications systems, and related computer software and equipment, as permitted by
third-party owners of such systems, software and equipment;

(e)               
Complying in all material respects with all state and federal regulatory filing requirements and providing Buyer with notice
of any incident reports;

(f)               
Maintaining well files and records and providing the necessary clerical and administrative assistance associated therewith;

(g)              
Maintaining production, drilling, work-over and well status reports and records;

(h)              
Purchasing supplies, materials, tools and equipment associated with drilling, completing, stimulation and ownership and
operation of the Interests, Wells and any other wells drilled on the Interests during the Transition Period; provided that (except
in cases Operator reasonably believes constitute an emergency) without Buyer’s prior written consent, Operator shall not
purchase any of the above, if such purchase would result in a charge or cost to Buyer over one hundred thousand dollars (US $100,000)
for a single item, and further provided that Buyer’s consent shall be considered granted unless Buyer notifies Operator to
the contrary within ten (10) days after receipt of Operator’s request (which request shall provide reasonable details of
the relevant items proposed to be acquired and reasons for their acquisition) or such shorter time as is reasonably specified in
Operator’s request;

(i)                
Contracting for Services associated with drilling, completing, stimulation and ownership and operation of the Assets (including
any other wells that are operated by Buyer and drilled on the Interests during the Transition Period); and

(j)                
Executing, amending or extending contracts associated with drilling, completing, stimulation and ownership and operation
of the Assets (including any other wells that are operated by Buyer and drilled on the Interests during the Transition Period).

3.                 
Land Administration Services – Until the Service Termination Date for the Land Administration Services, Operator
shall provide for the benefit of Buyer, under the reasonable direction of Buyer, all lease, division order
and other land administration services (collectively, “Land Administration Services”) as
follows:

(a)               
Administering and maintaining all leases and agreements relating to the Interests;

(b)              
Maintaining and updating all lease, ownership, contract and property records and databases relating to the Interests;

Exhibit
A to Transition Services Agreement  

    	 

    	 

    

(c)               
 Maintaining and updating all royalty payment and division order reports and databases;

(d)              
Generating, verifying, processing, approving and signing (provided that Buyer has granted Operator a special power of attorney
authorizing Operator to sign on Buyer’s behalf) all internal and external division orders and transfer orders required in
the normal course of business;

(e)               
Identifying, paying and appropriately invoicing all rentals, rights-of-way, shut-in payments and other payments required
by the leases or other agreements relating to the Assets;

(f)               
Maintaining all land, contract, division of interest, lease files, and other files relating to the subject land administration
functions as well as maintaining any imaging and indexing of such records in the ordinary course of business; and

(g)              
Performing such other reasonable and customary land administration services as Operator
deems necessary to administer or maintain the leases or agreements relating to the Assets.

4.                 
Accounting Services – Until the Service Termination Date for the Accounting Services, Operator shall provide
for the benefit of Buyer, at the reasonable direction of Buyer, financial, revenue, and expense accounting services relating to
the Assets (collectively, “Accounting Services”) as follows:

(a)               
Operator shall perform all revenue accounting functions relating to the Assets including the disbursement of revenue proceeds
to all working interest, third party, royalty and overriding royalty owners as well as all rental, severance or production taxes
and right of way payments and any and all leasehold, minimum or advance payments due in the normal course of business;

(b)              
Operator shall comply in all material respects with all state and federal regulatory reporting and filing requirements,
including any reports required by the regulatory agencies;

(c)               
Operator shall perform all expenditure accounting functions relating to the Assets including the
payment of all invoices and subsequent billing of same to all working interest owners;

(d)              
Within Operator’s standard closing period, Operator shall provide Buyer with estimates of production volumes, revenue,
direct operating expenses, production taxes and capital expenditures attributable to the Assets for the proceeding calendar month
and any other such information relating to the Assets that the Buyer would need to prepare accrual basis financial statements in
accordance with generally accepted accounting principles;

(e)               
Operator shall remain responsible for the collection of any uncollected joint interest billings relating to lease operating
expenses, capital costs, and overheads that 

Exhibit
A to Transition Services Agreement  

    	 

    	 

    

Operator had previously billed until
the Service Termination Date for the Accounting Services. Operator will provide Buyer with necessary supporting documentation to
pursue collection;

(f)               
Operator shall prepare monthly gas and oil balancing and payout statements for operated properties;

(g)              
Operator shall provide property revenues, expenses and taxes to Buyer from
Operator’s lease operating statements on a monthly basis. If available, this information will be provided to Buyer electronically;
and

(h)              
Buyer shall cooperate with Operator by disclosing to Operator Buyer’s receipt of monies and payment of invoices prior
to the Service Termination Date for the Accounting Services.

5.                 
Transition Services – Until the Service Termination Date for the Transition Services, Operator shall provide
certain services (as detailed below) for the benefit of Buyer relating to the Assets sufficient to enable Buyer to set up its operations
and assume the Drilling and Operations Services, Marketing Services, Accounting Services and Land Administration Services relating
to the Assets. Operator and Buyer shall cooperate with each other, and shall cause their officers, employees, agents, auditors
and representatives to cooperate with each other, after Closing, to help in the orderly transition of ownership of the Assets and
to help minimize any disruption to the respective businesses of Operator and Buyer that may result from the transactions contemplated
hereby. These services (collectively, the “Transition Services”) are as follows:

(a)               
Providing where applicable a reasonable level of training to a reasonable
number of Buyer’s employees on the current use and application of software, information systems or other computer systems
or databases to the extent that software, information systems or other computer systems or databases were transferred from Seller
to Buyer pursuant to the Purchase Agreement or are otherwise provided by Buyer to Operator; or providing
a reasonable level of orientation to a reasonable number of Buyer’s employees on the interpretation of data provided as Records
in the Purchase Agreement;

(b)              
If and as requested by Buyer, assisting Buyer in modifying, at Buyer’s sole expense (with the principles of compensation
agreed by the Parties prior to commencement of Operator’s activities under this subparagraph 5(b)), automated field equipment
situated on or used solely in connection with the Assets so that Buyer may operate in a manner substantially consistent with current
operations, the automated portion of the Assets independently of Operator. Operator shall also allow Buyer reasonable access to
the automation equipment, if any, located in its field offices and agrees, at Buyer’s expense, to use all reasonable efforts
to keep such equipment in working condition during the transition period in which Operator is performing the Transition Services
hereunder;

(c)               
Providing such reasonable and timely assistance and information to Buyer’s personnel to allow Buyer to extract and
set up its own well ownership, lease administration and division of interest databases
sufficient to assume the Land Administration Services as soon as practicable;

Exhibit
A to Transition Services Agreement  

    	 

    	 

    

(d)              
 Providing any system support services necessary to extract electronic data of accounting, lease, division of interest and
production information where currently available from Operator’s operational systems in Operator’s current format or
other reasonable format as requested by Buyer;

(e)               
Providing sufficient information and documentation to allow Buyer to identify all known parties for which Operator is currently
holding funds in suspense for the period from Closing Date to Service Termination
Date for the Transition Services, together with the sales volume history attributable to such funds and such other information
as reasonably necessary to allow Buyer to assume payment obligations and/or discharge its legal requirements to timely escheat
such funds to any applicable governmental agencies for such funds;

(f)               
Providing sufficient electronic data to provide for the allocation of facility and/or field costs; and

(g)              
Such other transition services as Buyer may reasonably require that are (i) not unreasonably burdensome for Operator
to provide and (ii) reasonably necessary for Buyer to assume the Drilling and Operations Services, Marketing Services, Accounting
Services and Land Administration Services relating to the Assets, as at the Service Termination Date for such Services.

Operator’s activities
under this subparagraph 5 shall terminate without liability to Buyer at the Service Termination Date for the Transition Services,
even if, and regardless of whether or not, the activities set forth in this subparagraph 5, including modifications of the automation
equipment on the Assets, have been completed.

6.                 
Consulting Services – Until the Service Termination Date for the Consulting Services, Operator shall provide
consulting services for the benefit of Buyer relating to the Assets (collectively, “Consulting Services”)
as follows:

(a)               
Advising Buyer on the planning, budgeting and forecasting of the operation and development of the Assets;

(b)              
Working with Buyer to assess and analyze well proposals with respect to the Assets;

(c)               
Assisting Buyer with the preparation of annual work programs and budgets, including preparing reports on the Assets and
arranging for at least one meeting per year to discuss the annual work program and budget;

(d)              
Providing Buyer reports on the drilling activities, production, HSE and other operational aspects of the Assets as Buyer
may reasonably request from time to time;

(e)               
Providing training that is reasonable in scope at such reasonable times to a reasonable number of Buyer’s personnel
in connection with the operation and maintenance of the Assets and related matters;

Exhibit
A to Transition Services Agreement  

    	 

    	 

    

(f)               
 Providing advice and assistance to, and otherwise working with, Buyer in connection with the identification, investigation,
assessment, and acquisition of new shale oil and gas opportunities and interests within the Eagle Ford; and

(g)              
Performing such other activities as Buyer may reasonably request that Operator approves.

 

 

Exhibit
A to Transition Services Agreement  

    	 

    	 

    

EXHIBIT B

 

Attached to and made part of that certain Transition
Services Agreement

dated January 28, 2014, by and between

Shale Hunter, LLC and

New Standard Energy Texas LLC

 

INSURANCE

 

Buyer shall obtain
and maintain throughout the Transition Period insurance coverage on and with respect to the ownership and operation of the Assets
in the amounts and of the types required to be obtained by the operator under, as set forth in Exhibit “D” of, the
following agreements:

		1.	Operating Agreement dated July 20, 2010, by and between Magnum Hunter Resources Corporation, as
Operator, and M.D.Abel Co. and South Texas Gas, LLC.

		2.	Operating Agreement dated October 20 and November 3, 2009, by and between Dewbre Petroleum Corporation,
as Operator, Dynamic Production, Inc., Sailon Resources, Inc., Borden Exploration & Development LP, Venture Exploration Corporation
dba Combined Resources Group, BMT O&G TX, L.P., SRBI O&G TX, L.P., Thru Line O&G TX, L.P., LMBI O&G TX, L.P. and
Keystone O&G TX, L.P. 

Buyer’s insurance
shall also include endorsements that name Magnum Hunter Resources Corporation and its wholly-owned subsidiaries as additional insured
entities with respect to acts or omissions performed or omitted in connection with the performance of the Services or under or
on account of this Agreement. Buyer’s insurance shall also include an endorsement providing that such insurance will be primary
with respect to acts or omissions performed or omitted in connection with the performance of the Services or under or on account
of this Agreement, and that all insurance policies maintained by Magnum Hunter Resources Corporation or its subsidiaries will be
non-contributory with respect to acts or omissions performed or omitted in connection with the performance of the Services or under
or on account of this Agreement.

 

Exhibit
B to Transition Services Agreement  

    	 

    	 

    

EXHIBIT C

 

Attached to and made part of that certain Transition
Services Agreement

dated January 28, 2014, by and between

Shale Hunter, LLC and

New Standard Energy Texas LLC

 

HOURLY RATES FOR CERTAIN ACCOUNTING SERVICES

 

To the extent any employee of Operator or any
of its Affiliates serving in the capacities listed below performs any Accounting Services related to (1) audit and audit support
(including joint venture, sales tax and external audits) or (ii) working with and/or supporting third-party service providers
assisting with property and severance taxes of the Assets, the preparation of any monthly, quarterly or annual or additional reporting
other than standard LOS information, then Operator shall be entitled to receive from Buyer, and Buyer shall be obligated to pay
Operator, the rate set forth below for such person for each hour such person performs such Accounting Services:

 

	 	 ●	Clerical	 —	US $35
	 	 ●	Staff	 —	US $50
	 	 ●	Senior	 —	US $75
	 	 ●	Manager	 —	US $125
	 	 ●	Senior Manager	 —	US $175

 

 

Exhibit
C to Transition Services Agreement

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