Document:

Employment Agreement, dated as of July 13, 2012

 Exhibit 10.2 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (this
“Agreement”), dated as of July 13, 2012, is entered into by and between Black Elk Energy Offshore Operations, LLC, a Texas limited liability company (the “Company”), and Arthur Garza III, an individual residing at 4314 Noble
Oak Trail, Houston, TX 77059 (“Employee”). 
 WHEREAS, the Employee has been providing services to the Company and in
that capacity BEE and the Company has been, and will deliver confidential data of BEE and the Company to the Employee; 

WHEREAS, the Company wants to employ the Employee directly, and Employee wants to terminate his employment agreement with BEE and be
employed by the Company directly instead; 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants and
agreements herein contained, and intending to be legally bound hereby, the Company and Employee hereby agree as follows: 
 1.
Employment. The Company agrees to employ Employee, and Employee agrees to be employed by the Company, upon the terms and subject to the conditions herein provided. 
 2. Term. The employment of Employee will be for a period (referred to herein as the “Employment Term”) commencing on the date of this Agreement and ending the earliest of (i) two
(2) years from the date of this Agreement, or (ii) the date of termination of Employee’s employment pursuant to Section 5 hereof. (“Termination Date”). 

3. Position and Duties. 
 (a) Position. During the Employment Term, Employee will serve as the Chief Technical Officer of the Company and in such other capacities as the Board of Managers of the Company (the
“Board”) may designate from time to time, expressly provided that the Board may not materially diminish or reduce the Employee’s duties and privileges hereunder. In such capacities, Employee will have such duties, functions,
responsibilities and authority customarily associated with the positions Employee holds, and subject of the description of the Employee’s duties and metrics for those duties as set forth on Exhibit A hereto, and further subject to any
applicable restrictions imposed by the Bylaws of the Company and to the directives of the Board. 
 (b) Duties. During
the Employment Term, Employee will devote substantially all of his time, skill and attention to the business and affairs of the Company, and in furtherance of the business and affairs of the Company, except for usual, ordinary and customary periods
of vacation and absence due to illness or other disability; provided, however, that Employee may devote reasonable periods of time in connection with the following activities, if such activities do not substantially interfere with the performance of
Employee’s duties and services hereunder, do not violate any other provisions of this Agreement and do not consume more than 10% of Employee’s working hours: 

  
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 (i) serving as a director, officer or member of a committee of any
organization, if serving in such capacity does not involve any conflict with the business of the Company and such organization is not in competition in any manner whatsoever with the business of the Company; 

(ii) fulfilling speaking engagements; and 

(iii) engaging in charitable and community activities. 

4. Compensation and Related Matters. 
 (a) Base Salary. Employee will be paid a base salary at the rate of $287,500 per annum, to be paid on a semi-monthly basis, less statutory payroll deductions, payable in accordance with the payroll
practices adopted by the Company. After the first anniversary of the date of this Agreement, the base salary may be reviewed periodically and increases in such base salary may be granted at the sole discretion of the Board. 

(b) Benefits. Employee will, during the Employment Term be eligible to participate in any life insurance, medical, disability and
any other employee benefit plans, or any incentive pay, deferred compensation, profit-sharing or retirement plans of the Company that may be in effect, from time to time, to the extent such plans are generally available to other executive officers
of the Company. Any earned but unpaid bonuses or other discretionary compensation payment for any period shall be paid within the earlier of 30 days following the termination of employment or two and a half months following the end of the taxable
year in which the right to such payment is no longer subject to a substantial risk of forfeiture. 
 (c) Vacations.
Employee, during each twelve-month period of the Employment Term, will be entitled to four (4) weeks vacation, holidays and other paid or unpaid leaves of absence consistent with the Company’s normal policies. 

(d) Expenses. Employee will be reimbursed for reasonable expenses for travel and entertainment as described in the Company’s
policies and only as approved by the Company in advance of expenditure, incurred in the performance of his duties and services hereunder and in furtherance of the business of the Company. Expenses will only be reimbursed upon presentation by
Employee of an itemized account, accompanied by appropriate receipts sufficient to enable the Company to meet Internal Revenue Service documentation standards for deductibility of such expense. Any expenses incurred by the Employee shall be
reimbursed within two and a half months of the end of the taxable year in which the Employee incurs the expense, provided that the expense is incurred by the Employee while employed with the Company. 

  
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 (e) Education, Licenses and Training. Subject to Subsection (d) above:

 (i) the Company will reimburse in full all reasonable costs associated with any job-related education or any
continuing professional education required for Employee to maintain any licenses or certifications; and 
 (ii)
the Company will pay all reasonable fees for licenses, certifications or memberships in professional organizations. 
 5.
Termination of Employment. 
 (a) Employee’s employment hereunder: 

(i) will automatically terminate upon the death, Disability, voluntary resignation, or retirement of Employee; and for purposes hereof,
“Disability,” means a physical or mental disability or other incapacity which renders the Employee unable, with reasonable accommodation, to perform his/her duties for 180 consecutive days or for an aggregate of more than six
(6) months in any twelve (12) month period; 
  

	 	(ii)	may be terminated at any time: 

 (A) By the Employee after a material breach by the Company of any material provision of this Agreement which, if correctable by the Company, remains uncorrected for thirty (30) days following written
notice of such breach to the Company from the Employee; or 
 (B) By the Employee upon a Change of Control (as
defined below); 
 (C) By the Company, upon ten (10) days notice without cause. 

 

	 	(iii)	may be terminated by the Company upon ten (10) days’ written notice, for “cause”, which will mean by reason of any of the following:

 (A) Employee’s conviction of, or plea of nolo contendere to, any felony or to any crime or
offense causing substantial harm to the Company (whether or not for personal gain) or involving acts of theft, fraud or embezzlement; 
 (B) willful and intentional misuse or diversion of any of the Company’s funds; 
 (C) embezzlement; 
 (D) fraudulent or willful and material
misrepresentations or concealments on any written reports submitted to the Company; or 

  
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	 	(E)	after a material breach by the Employee of any material provision of this Agreement which, if correctable by the Employee, remains uncorrected for thirty (30) days
following written notice of such breach to the Employee from the Company. 

  

	 	(F)	Termination of the Employee under 5(a)(iii) constitutes a separation from service for purposes of the Treasury Regulations promulgated under the Internal Revenue Code.

 (b) Upon termination of Employee’s employment by the Employee pursuant to Section 5(a)(ii) above, the
Employee will be entitled to receive, and Company will pay, a lump sum severance compensation in an amount equal to one year’s annual base salary of the Employee, plus benefits for one year that Employee may be entitled to receive pursuant to
Subsection 4(b) above. Upon termination pursuant to Section 5(a)(i), or by Company pursuant to Section 5(a)(iii), above, the Company will pay all amounts of salary and benefits due through the date of termination. 

(c) Change of Control, for the purposes of this Agreement means (i) upon (A) the sale, lease or other disposition of all or
substantially all of the assets of the Company or (B) an acquisition of the Company by another corporation or entity by consolidation, merger or other reorganization in which the holders of the Company’s outstanding voting stock
immediately prior to such transaction own, immediately after such transaction, securities representing less than fifty percent (50%) of the voting power of the corporation or other entity surviving such transaction, provided that a “Change
of Control” shall not apply to a merger effected exclusively for the purpose of changing the domicile of the Company. 
 6.
Business Opportunities and Intellectual Property; Non-Compete; Non-Solicitation. Employee acknowledges that in the course of his employment hereunder and under his predecessor agreement with BEE and performance of services on behalf of the
Company he will have access to confidential and proprietary business opportunities, economic and trade secrets and relationships of the Company. Therefore, in consideration of this Agreement, Employee hereby agrees as provided below in this
Section 6. 
 (a) Employee hereby assigns and agrees to assign to the Company and its successors, assigns or
designees, all of Employee’s right, title and interest in and to all Business Opportunities and Intellectual Property (as defined below), and further acknowledges and agrees that all Business Opportunities and Intellectual Property constitute
the exclusive property of the Company. 

  
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 For purposes hereof “Business Opportunities” will mean all business ideas,
prospects, proposals, products or other opportunities pertaining to solicitation, service and retention of clients of the Company that are developed by Employee during the Employment Term, or originated by any third party and brought to the
attention of Employee during the Employment Term, together with information relating thereto. 
 For purposes hereof
“Intellectual Property” will mean all ideas, inventions, discoveries, processes, designs, methods, substances, articles, computer programs and improvements (including, without limitation, enhancements to, or further interpretation or
processing of, information that was in the possession of Employee prior to the date of this Agreement), whether or not patentable or copyrightable, which do not fall within the definition of Business Opportunities, which the Employee discovers,
conceives, invents, creates or develops, alone or with others, during the Employment Term, if such discovery, conception, invention, creation or development (A) occurs in the course of the Employee’s employment with the Company, or
(B) occurs with the use of any of the Company’ time, materials or facilities, or (C) in the opinion of the Board, relates or pertains in any material way to the Company’ purposes, activities or affairs. 

(b) Non-Compete Obligations During Employment Term. Employee agrees that during the Employment Term, Employee will not, other than
through the Company, engage or participate in any manner, whether directly or indirectly through any family member or as an employee, employer, consultant, agent, principal, partner, more than one percent shareholder, officer, director, licensor,
lender, lessor or in any other individual or representative capacity, in any business or activity which is engaged in the business of acquiring or developing oil and gas properties. 

(c) Non-Compete Obligations – Post Termination. Employee agrees that in the event the Employee’s employment is
terminated by the Company pursuant to Section 5 (a)(i) or 5(a)(iii), during the period commencing on the date of termination up to and including the earlier of (i) the repayment in full of the obligations under the Credit Agreement or
(ii) July 13, 2014, Employee shall not, directly or indirectly engage in, participate in or assist, as principal or agent, officer, director, employee, franchisee, consultant, partner, shareholder, member or otherwise, alone or in
association with any other person, corporation or other entity, any business whose activities, services or products are in competition with the Company in a County, Parish or offshore block, or in the immediately adjacent Counties, Parishes or
offshore blocks thereto, in which the Company or any one of its divisions, subsidiaries or affiliated entities owns, leases, operates or has an interest in property, or is currently evaluating a prospect at the time of Employee’s termination of
employment or has evaluated a prospect within one (1) year prior to the date of employee’s termination of employment, regardless of whether such prospect is currently producing, a geological concept or otherwise; provided, however, that
the foregoing restriction shall not apply in the case of a company the stock of which is traded either on a national or a regional stock exchange or over-the-counter, where Employee owns less than 5% of the stock of such company. 

(d) Non-Solicitation Obligations. The Employee will not, during the period commencing on the date hereof until the later of
July 13, 2014 or one year from the Termination Date with Company (the “Non-Solicitation Period”) for any reason solicit, entice, persuade or induce, directly or indirectly, on Employee’s own account or as an agent, stockholder,
owner, employee, employer or otherwise: 

  
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 (1) any business from (A) any current clients or customers of the Company, or
(B) any potential clients or customers of Company that Employee may have contacted or been assigned to during the Term hereof; or 
 (2) any employees, consultants, agents, representatives or any other person who is under contract with or rendering services of the Company to (A) terminate his or her employment by, or contractual
relationship with, the Company, (B) refrain from extending or renewing the same (upon the same or new terms), (C) refrain from rendering services to or for the Company, (D) become employed by or to enter into contractual relations
with any persons other than the Company, or (E) enter into a relationship with a competitor of the Company. 
 (d)
Non-Disparagement Obligations. Employee agrees not to engage in any conduct or make any statements which are critical of the Company, or any of the employees, officers, directors or other persons regarding, relating to or in connection with
Employee’s employment, or if applicable, the termination of Employee’s employment or Employee’s separation from the Company 
 (e) Confidentiality Obligations. In connection with Employee’s employment with the Company, Company is furnishing certain information and trade secrets to Employee that are non-public,
confidential or proprietary in nature (the “Information”). The term Information means information or data in any form or medium, tangible or intangible, relating to the business of the Company that is actually disclosed by the
Company to the Employee, whether before or after the date of this Agreement, including, without limitation, information concerning (i) names, addresses, electronic mail addresses and telephone, telex and facsimile numbers of employees,
consultants, clients, customers and any other person or entity related to the business of the Company; (ii) information of a technical nature such as trade secrets, patents, product specifications, data, know-how, formulas, compositions,
processes, designs, sketches, photographs, graphs, drawings, samples, inventions and ideas, innovations, improvements, past, current and planned research and development, computer software and programs (including object code and source code), and
database technologies, systems, structures and architectures; (iii) information of a business nature, such as marketing plans, business plans, strategies, forecasts, unpublished financial information, budgets, projections, information and data
concerning costs, profits, market share, sales, current or planned service methods and processes, customer lists, current and anticipated customer requirements, price lists, market studies, business plans, or information regarding suppliers or
lenders; (iv) notes, photographs or memoranda related to the preceding subparts (i), (ii) and (iii); (v) information generated or derived by the Employee that contains, reflects or is derived from any of the Information described
above; and (vi) any other information obtained from the Company that is not known to the public. 

  
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 The term “Information” does not include information which (1) has been or may
in the future be publicly available through no fault of the Employee and not in violation of the rights of the Company; (2) prior to disclosure by the Company is known to or is within the legitimate possession of the Employee; (3) is
received in good faith by the Employee from any third party without notice of any restriction against its further disclosure; (4) is independently developed by persons who have not had access to or knowledge of the Information; (5) is not
considered confidential by the Company; or (6) must be produced under applicable law or an order of court of competent jurisdiction. 
 (i) Written Information considered by the Company as confidential or proprietary and provided to him need not be clearly marked in a conspicuous place to be considered as confidential or proprietary.
Company will use its best efforts to mark Written Information as confidential or proprietary. Oral information delivered by the Company shall also be confidential or proprietary pursuant to the terms of this Agreement. 

(ii) In consideration of Company disclosing the Information to him, Employee agrees to keep the Information strictly
confidential and shall not disclose the Information without the prior written consent of Company to any person, including any corporations, divisions, subsidiaries, associates, employees, directors, officers, guarantors, counsel, agents and
consultants (collectively, “Representatives”) of the Employee who are not directly involved in the business of the Company and shall not be used by him or his Representatives other than in connection with business of the Company.
The Information shall remain at all times the property of Company, and no license is granted hereby. 
 (iii)
Employee agrees that within three (3) business days of Company’s request, all copies of the Information in any form whatsoever, including any electronic formats, (including, but not limited to any reports, memoranda or other materials
prepared by Employee or at his direction) will be returned by him to Company, and he shall provide a certificate to Company that all Information has been returned. 

(iv) In the event that Employee or anyone to whom he supplies the Information receives a request to disclose all or any
part of the Information, including any request under the terms of a subpoena or governmental body, Employee agrees to (A) immediately notify Company of the existence, terms and circumstances surrounding such a request; (B) consult with
Company on the advisability of taking legally available steps to resist or narrow such request; and (C) if disclosure of such Information is required, furnish only that portion of the Information which, in the written opinion of counsel of
Company, Employee is legally compelled to disclose, and to exercise commercially reasonable efforts to obtain an order or other reliable assurance that confidential treatment will be accorded to such portion of the disclosed Information that Company
so designates. 

  
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	 	(v)	Neither the Company nor any of its Representatives has made or makes any representation or warranty as to the Information’s accuracy or completeness. Employee
agrees that neither Company nor its Representatives shall have any liability to him or any of his Representatives resulting from the provision or use of the Information. 

7. Divisibility of Agreement. In the event that any term, condition or provision of this Agreement is for any reason rendered
void, all remaining terms, conditions and provisions will remain and continue as valid and enforceable obligations of the parties. 
 8. Notices. Any notices or other communications required or permitted to be sent hereunder will be in writing and will be duly given if personally delivered or sent postage pre-paid by certified or
registered mail, return receipt requested, to each party as follows: 
  

					
		 	(a)to the Company:	  	 Black Elk Energy Offshore Operations, LLC
 11451 Katy Freeway, Suite 500
 Houston, Texas 77079

Attn: John G. Hoffman

			
		 	(b)to the Employee:	  	 Arthur Garza III
 4314 Noble
Oak Trails
 Houston, Texas 77059

 Either party may change his or its address for the sending of notice to such party by written notice to the other party
sent in accordance with the provisions hereof. 
 9. Complete Agreement. This Agreement contains the entire understanding
of the parties with respect to the employment of Employee and supersedes all prior arrangements or understanding with respect thereto and all oral or written employment agreements or arrangements between the Company and Employee. This Agreement may
not be altered or amended except in a writing duly executed by both parties. 
 10. Assignment. This Agreement is
personal and non-assignable by Employee. It will inure to the benefit of any corporation or other entity with which the Company will merge or consolidate or to which the Company will sell all or substantially all of its assets and may be assigned by
the Company to any affiliate of the Company or to any corporation or entity with which such affiliate will merge or consolidate or which will acquire all or substantially all of the assets of such affiliate. 

11. Counterparts. This Agreement may be executed in counterparts, each of which will be an original and all of which together will
constitute one and the same agreement. 

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

							
	COMPANY:	 		 	BLACK ELK ENERGY OFFSHORE OPERATIONS, LLC
				
		 		 	By:	 	

		 		 	Name:	 	James Hagemeier
		 		 	Title:	 	CFO
			
	EMPLOYEE:	 		 	

		 		 	Name: Arthur Garza III

 [SIGNATURE PAGE TO EMPLOYMENT AGREEMENT] 

  
 S-1Seventh Amendment to Amended and Restated Credit Agreement

 Exhibit 10.1 
 Execution Version 
  

 
  

SEVENTH AMENDMENT 
 TO 
 AMENDED AND RESTATED CREDIT AGREEMENT 

Dated as of October 2, 2012 
 AMONG 
 OASIS PETROLEUM NORTH AMERICA LLC, 

AS BORROWER, 
 THE GUARANTORS PARTY HERETO, 
 WELLS FARGO BANK, N.A., 

AS ADMINISTRATIVE AGENT, 

AND 
 THE LENDERS PARTY HERETO 
  

 
  

 

 SEVENTH AMENDMENT TO 

AMENDED AND RESTATED CREDIT AGREEMENT 
 THIS SEVENTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Seventh Amendment”) dated as of October 2, 2012, is among OASIS PETROLEUM NORTH AMERICA LLC, a Delaware
limited liability company (the “Borrower”); the Guarantors party hereto (the “Guarantors” and collectively with the Borrower, the “Obligors”); each of the lenders party to the Credit Agreement
referred to below (collectively, the “Lenders”); and WELLS FARGO BANK, N.A., as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the “Administrative Agent”).

 R E C I T A L S 
 A. The Parent, the Borrower, the Administrative Agent and the Lenders are parties to that certain Amended and Restated Credit Agreement dated as of February 26, 2010, as amended by that certain First
Amendment to Amended and Restated Credit Agreement and Consent dated as of June 3, 2010, that certain Second Amendment to Amended and Restated Credit Agreement dated as of August 11, 2010, that certain Third Amendment to Amended and
Restated Credit Agreement and Limited Waiver dated as of January 21, 2011, that certain Fourth Amendment to Amended and Restated Credit Agreement dated as of June 16, 2011, that certain Fifth Amendment to Amended and Restated Credit
Agreement dated as of October 6, 2011 and that certain Sixth Amendment to Amended and Restated Credit Agreement dated as of April 3, 2012 (the “Credit Agreement”), pursuant to which the Lenders have made certain credit
available to and on behalf of the Borrower. 
 B. The Borrower, the Guarantors, the Administrative Agent and the Lenders have
agreed to amend certain provisions of the Credit Agreement. 
 NOW, THEREFORE, in consideration of the premises and the mutual
covenants herein contained, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 Section 1. Defined Terms. Each capitalized term used herein but not otherwise defined herein has the meaning given such term in the Credit Agreement, as amended by this Seventh Amendment.
Unless otherwise indicated, all section references in this Seventh Amendment refer to sections of the Credit Agreement. 
 Section 2.
Amendments to Credit Agreement. 
 2.1 Amendments to Section 1.02. 

(a) The definition of “Agreement” is hereby amended and restated as follows: 

“Agreement” means this Amended and Restated Credit Agreement, as amended by the First Amendment, the
Second Amendment, the Third Amendment, the Fourth Amendment, the Fifth Amendment, the Sixth Amendment and the Seventh Amendment, as the same may be further amended or supplemented from time to time. 

  
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 (b) The definition of “Applicable Margin” is hereby amended and restated as
follows: 
 “Applicable Margin” means, for any day, with respect to any ABR Loan or Eurodollar
Loan, or with respect to the Commitment Fee Rate, as the case may be, the rate per annum set forth in the Total Commitments Utilization Grid below based upon the Total Commitments Utilization Percentage then in effect: 

 

											
	 Total Commitments Utilization
Grid

	 Total Commitments

Utilization Percentage
	  	<25%	  	325% <50%	  	350% <75%	  	375% <90%	  	390%
	 ABR Loans
	  	0.000%	  	0.250%	  	0.500%	  	0.750%	  	1.000%
	 Eurodollar Loans
	  	1.500%	  	1.750%	  	2.000%	  	2.250%	  	2.500%
	 Commitment Fee Rate
	  	0.375%	  	0.375%	  	0.500%	  	0.500%	  	0.500%

 Each change in the Applicable Margin shall apply during the period commencing on the
effective date of such change and ending on the date immediately preceding the effective date of the next such change, provided, however, that if at any time the Borrower fails to deliver a Reserve Report pursuant to Section 8.12(a), then from
the time of such failure until the time that the Borrower delivers such Reserve Report to the Administrative Agent, the “Applicable Margin” means the rate per annum set forth on the grid when the Total Commitments Utilization
Percentage is at its highest level. 
 (c) The definition of “Arranger” is hereby amended and restated as
follows: 
 “Arranger” means Wells Fargo Securities, LLC, in its capacities as the sole lead
arranger and sole bookrunner hereunder. 
 (d) The definition of “Commitment” is hereby amended and restated as
follows: 
 “Commitment” means, with respect to each Lender, the commitment of such Lender to
make Loans and to acquire participations in Letters of Credit hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Credit Exposure hereunder, as such commitment may be (a) modified from
time to time pursuant to Section 2.06 and (b) modified from time to time pursuant to assignments by or to such Lender pursuant to Section 12.04(b). The amount representing each Lender’s Commitment shall at any time be the least
of (i) such Lender’s Maximum Credit Amount, (ii) such Lender’s Applicable Percentage of the then effective Borrowing Base and (iii) such Lender’s Elected Commitment. 

  
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 (e) The definition of “Issuing Bank” is hereby amended and restated as
follows: 
 “Issuing Bank” means Wells Fargo Bank, N.A., in its capacity as the issuer of
Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.08(i). The Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of the Issuing Bank, in which case
the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. 
 (f) The definition of “Lenders” is hereby amended and restated as follows: 
 “Lenders” means the Persons listed on Annex I and any Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a
party hereto pursuant to an Assignment and Assumption, and any Person that shall have become a party hereto as an Additional Lender pursuant to Section 2.06(c) or as a New Lender pursuant to Section 2.07(c)(iv). 

(g) The definition of “Maximum Credit Amount” is hereby amended and restated as follows: 

“Maximum Credit Amount” means, as to each Lender, the amount set forth opposite such Lender’s name
on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to
Section 2.06(b), (b) modified from time to time pursuant to Section 2.06(c) or (c) modified from time to time pursuant to any assignment permitted by Section 12.04(b). 

(h) The definition of “Prime Rate” is hereby amended and restated as follows: 

“Prime Rate” means the rate of interest per annum publicly announced from time to time by Wells Fargo
Bank, N.A., as its prime rate in effect at its principal office in San Francisco; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective. Such rate is set by the
Administrative Agent as a general reference rate of interest, taking into account such factors as the Administrative Agent may deem appropriate; it being understood that many of the Administrative Agent’s commercial or other loans are priced in
relation to such rate, that it is not necessarily the lowest or best rate actually charged to any customer and that the Administrative Agent may make various commercial or other loans at rates of interest having no relationship to such rate.

 (i) The definition of “Additional Lender” is hereby added where alphabetically appropriate to read as
follows: 
 “Additional Lender” has the meaning assigned to such term in
Section 2.06(c)(i). 

  
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 (j) The definition of “Additional Lender Certificate” is hereby added where
alphabetically appropriate to read as follows: 
 “Additional Lender Certificate” has the
meaning assigned to such term in Section 2.06(c)(ii)(G). 
 (k) The definition of “Aggregate Elected Commitment
Amounts” is hereby added where alphabetically appropriate to read as follow: 
 “Aggregate
Elected Commitment Amounts” at any time shall equal the sum of the Elected Commitments, as the same may be increased, reduced or terminated pursuant to Section 2.06(c). As of the Seventh Amendment Effective Date, the Aggregate Elected
Commitment Amounts are $500,000,000. 
 (l) The definition of “Elected Commitment” is hereby added where
alphabetically appropriate to read as follows: 
 “Elected Commitment” means, as to each Lender,
the amount set forth opposite such Lender’s name on Annex I under the caption “Elected Commitment”, as the same may be (a) increased, reduced or terminated from time to time in connection with an optional increase, reduction or
termination of the Aggregate Elected Commitment Amounts pursuant to Section 2.06(c). 
 (m) The definition of
“Elected Commitment Increase Certificate” is hereby added where alphabetically appropriate to read as follows: 
 “Elected Commitment Increase Certificate” has the meaning assigned to such term in Section 2.06(c)(ii)(F). 
 (n) The definition of “Interest Expense” is hereby added where alphabetically appropriate to read as follows: 

“Interest Expense” means, for any period, the sum (determined without duplication) of the aggregate gross
interest expense of the Parent, the Borrower and the Consolidated Subsidiaries for such period, (1) including (a) interest expense under GAAP, (b) capitalized interest, and (c) the portion of any payments or accruals under
Capital Leases allocable to interest expense, plus the portion of any payments or accruals under Synthetic Leases allocable to interest expense whether or not the same constitutes interest expense under GAAP, but (2) excluding the amortization
of debt discount and fees and expenses related to the issuance of Debt, Capital Leases, Synthetic Leases, the Senior Notes or the Indebtedness. 

  
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 (o) The definition of “Seventh Amendment” is hereby added where
alphabetically appropriate to read as follows: 
 “Seventh Amendment” means that certain Seventh
Amendment to Amended and Restated Credit Agreement, dated as of October 2, 2012, among the Borrower, the Guarantors, the Administrative Agent and the Lenders party thereto. 

(p) The definition of “Total Commitments Utilization Percentage” is hereby added where alphabetically appropriate to read
as follows: 
 “Total Commitments Utilization Percentage” means, as of any day, the fraction
expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the total Commitments of the Lenders in effect on such day. 

(q) The definitions of “Borrowing Base Utilization Percentage”, “Total Debt” and “Total Net
Debt” are each hereby deleted from the Credit Agreement. 
 2.2 Amendment to Section 2.02(d). The first
sentence of Section 2.02(d) of the Credit Agreement is hereby amended and restated as follows: 
 The Loans
made by each Lender shall be evidenced by a single promissory note of the Borrower in substantially the form of Exhibit A, dated, in the case of (i) any Lender party hereto as of the date of this Agreement, as of the date of this Agreement,
(ii) any Lender that becomes a party hereto pursuant to an Assignment and Assumption, as of the effective date of the Assignment and Assumption or (iii) any Lender that becomes a party hereto in connection with an increase in the Aggregate
Elected Commitment Amounts pursuant to Section 2.06(c), as of the effective date of such increase, payable to the order of such Lender in a principal amount equal to its Maximum Credit Amount as in effect on such date, and otherwise duly
completed. 
 2.3 Amendments to Sections 2.03 and 2.08(b). The parentheticals at the end of the second to last paragraphs
of Sections 2.03 and 2.08(b) of the Credit Agreement are each hereby amended and restated as follows: 
 (i.e.
the least of (x) the Aggregate Maximum Credit Amounts, (y) the then effective Borrowing Base and (z) the Aggregate Elected Commitment Amounts). 
 2.4 Amendments to Section 2.06. 
 (a) The title of Section 2.06 is
hereby deleted and replaced with the following: 
 Termination and Reduction of Aggregate Maximum Credit
Amounts; Optional Increase and Reduction of Aggregate Elected Commitment Amounts. 

  
 5 

 (b) The second sentence of Section 2.06(a) of the Credit Agreement is hereby amended
and restated as follows: 
 If at any time the Aggregate Maximum Credit Amounts, the Borrowing Base or the
Aggregate Elected Commitments Amount is terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction. 
 (c) Section 2.06(b)(i) is hereby amended and restated as follows: 
 (i) The Borrower may at any time terminate, or from time to time reduce, the Aggregate Maximum Credit Amounts; provided that (A) each reduction of the Aggregate Maximum Credit Amounts shall be in an
amount that is an integral multiple of $1,000,000 and not less than $1,000,000, (B) the Borrower shall not terminate or reduce the Aggregate Maximum Credit Amounts if, after giving effect to any concurrent prepayment of the Loans in accordance
with Section 3.04(c), the total Revolving Credit Exposures would exceed the total Commitments, and (C) upon any reduction of the Aggregate Maximum Credit Amounts that results in the Aggregate Maximum Credit Amounts being less than the
Aggregate Elected Commitment Amounts, the Aggregate Elected Commitment Amounts shall be automatically reduced (ratably among the Lenders) so that they equal the Aggregate Maximum Credit Amounts as so reduced. 

(d) A new Section 2.06(c) is hereby added to the Credit Agreement immediately following Section 2.06(b) and shall read in full
as follows: 
 (c) Optional Increase and Reduction of Aggregate Elected Commitment Amounts. 

(i) Subject to the conditions set forth in Section 2.06(c)(ii), the Borrower may increase the Aggregate Elected
Commitment Amounts then in effect by increasing the Elected Commitment of a Lender or by causing a Person that is acceptable to the Administrative Agent that at such time is not a Lender to become a Lender (an “Additional Lender”).
Notwithstanding anything to the contrary contained in this Agreement, in no case shall an Additional Lender be the Borrower or an Affiliate of a Borrower. 
 (ii) Any increase in the Aggregate Elected Commitment Amounts shall be subject to the following additional conditions: 

(A) such increase shall not be less than $50,000,000 unless the Administrative Agent otherwise consents, and no such
increase shall be permitted if after giving effect thereto the Aggregate Elected Commitment Amounts exceed the Borrowing Base then in effect; 
 (B) following any Scheduled Redetermination Date, the Borrower may not increase the Aggregate Elected Commitment Amounts more than once before the next Scheduled Redetermination Date; 

  
 6 

 (C) no Default shall have occurred and be continuing on the effective date
of such increase; 
 (D) on the effective date of such increase, no Eurodollar Borrowings shall be outstanding or
if any Eurodollar Borrowings are outstanding, then the effective date of such increase shall be the last day of the Interest Period in respect of such Eurodollar Borrowings unless the Borrower pays compensation required by Section 5.02;

 (E) no Lender’s Elected Commitment may be increased without the consent of such Lender; 

(F) if the Borrower elects to increase the Aggregate Elected Commitment Amounts by increasing the Elected Commitment of a
Lender, the Borrower and such Lender shall execute and deliver to the Administrative Agent a certificate substantially in the form of Exhibit G (an “Elected Commitment Increase Certificate”); and 

(G) if the Borrower elects to increase the Aggregate Elected Commitment Amounts by causing an Additional Lender to become
a party to this Agreement, then the Borrower and such Additional Lender shall execute and deliver to the Administrative Agent a certificate substantially in the form of Exhibit H (an “Additional Lender Certificate”), together with
an Administrative Questionnaire and a processing and recordation fee of $3,500, and the Borrower shall (1) if requested by the Additional Lender, deliver a Note payable to the order of such Additional Lender in a principal amount equal to its
Maximum Credit Amount, and otherwise duly completed and (2) pay any applicable fees as may have been agreed to between the Borrower, the Additional Lender and/or the Administrative Agent. 

(iii) Subject to acceptance and recording thereof pursuant to Section 2.06(c)(iv), from and after the effective date
specified in the Elected Commitment Increase Certificate or the Additional Lender Certificate (or if any Eurodollar Borrowings are outstanding, then the last day of the Interest Period in respect of such Eurodollar Borrowings, unless the Borrower
has paid compensation required by Section 5.02): (A) the amount of the Aggregate Elected Commitment Amounts shall be increased as set forth therein, and (B) in the case of an Additional Lender Certificate, any Additional Lender party
thereto shall be a party to this Agreement and have the rights and obligations of a Lender under this Agreement and the other Loan Documents. In addition, the Lender or the Additional Lender, as applicable, shall purchase a pro rata portion of the
outstanding Loans (and participation interests in Letters of Credit) of each of the other Lenders (and such Lenders hereby agree to sell and to take all such further action to effectuate such sale) such that each Lender (including any Additional
Lender, if applicable) shall hold its Applicable Percentage of the outstanding Loans (and participation interests) after giving effect to the increase in the Aggregate Elected Commitment Amounts. 

  
 7 

 (iv) Upon its receipt of a duly completed Elected Commitment Increase
Certificate or an Additional Lender Certificate, executed by the Borrower and the Lender or by the Borrower and the Additional Lender party thereto, as applicable, the processing and recording fee referred to in Section 2.06(c)(ii) and the
Administrative Questionnaire referred to in Section 2.06(c)(ii), if applicable, the Administrative Agent shall accept such Elected Commitment Increase Certificate or Additional Lender Certificate and record the information contained therein in
the Register required to be maintained by the Administrative Agent pursuant to Section 12.04(b)(iv). No increase in the Aggregate Elected Commitment Amounts shall be effective for purposes of this Agreement unless it has been recorded in the
Register as provided in this Section 2.06(c)(iv). 
 (v) Upon any increase in the Aggregate Elected
Commitment Amounts pursuant to this Section 2.06(c), (A) each Lender’s Maximum Credit Amount shall be automatically deemed amended to the extent necessary so that each such Lender’s Applicable Percentage equals the percentage of
the Aggregate Elected Commitment Amounts represented by such Lender’s Elected Commitment, in each case after giving effect to such increase, and (B) Annex I to this Agreement shall be deemed amended to reflect the Elected Commitment of
each Lender (including any Additional Lender) as thereby increased, any changes in the Lenders’ Maximum Credit Amounts pursuant to the foregoing clause (A), and any resulting changes in the Lenders’ Applicable Percentages. 

(vi) The Borrower may from time to time reduce the Aggregate Elected Commitment Amounts; provided that
(A) each reduction of the Aggregate Elected Commitment Amounts shall be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000 and (B) the Borrower shall reduce the Aggregate Elected Commitment Amounts if,
(C) after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(c), the total Revolving Credit Exposures would exceed the Aggregate Elected Commitment Amounts. 

(vii) The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Aggregate Elected
Commitment Amounts under Section 2.06(c)(vi) at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the
Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section 2.06(c)(vii) shall be irrevocable; provided that a notice of termination of the Aggregate Elected
Commitment Amounts. Any termination or reduction of the Aggregate Elected Commitment Amounts shall be permanent and may not be reinstated, except pursuant to Section 2.06(c)(i). Each reduction of the Aggregate Elected Commitment Amounts shall
be made ratably among the Lenders in accordance with each Lender’s Applicable Percentage. 

  
 8 

 2.5 Amendment to Section 2.07(c)(iv). Section 2.07(c)(iv) of the Credit
Agreement is hereby amended and restated as follows: 
 (iv) Notwithstanding the foregoing or anything to the
contrary contained herein, the following provisions shall apply with respect to any Proposed Borrowing Base that would increase the Borrowing Base and/or the Conforming Borrowing then in effect as a result of the approval or deemed approval of the
Requisite Increase Lenders, but without the approval or deemed approval of all of the Lenders: (A) on the date the Proposed Borrowing Base becomes effective as specified in Section 2.07(d), each Lender that has not approved (or is not
deemed to have approved) the Proposed Borrowing Base (each a “Dissenting Lender”) shall automatically (without any further action) be deemed to have assigned its respective Maximum Credit Amounts and Commitments in an amount equal
to such Dissenting Lender’s Assigned Maximum Credit Amount (and to have assigned the corresponding portion of its Elected Commitment) to (1) one or more existing Lenders (each, an “Existing Lender”) that have agreed in
their sole discretion (with the consent of the Administrative Agent and the Borrower, each in its sole discretion), in such amounts as each such Existing Lender shall agree in its sole discretion, (2) one or more Persons (each, a “New
Lender” and, together with each Existing Lender, collectively, the “Assuming Lenders”) that at such time is not a Lender that agrees to become a Lender and that is acceptable to the Administrative Agent in its sole
discretion (with the consent of the Borrower), in such amounts as each such New Lender agrees in its sole discretion, or (3) any combination of Assuming Lenders as specified in clauses (1) and (2) above. With respect to such
assignment, each Assuming Lender shall be deemed to have acquired the portion of the Maximum Credit Amount, Elected Commitment and Commitment allocated to it from each of the Dissenting Lenders pursuant to the terms of the Assignment and Assumption
attached hereto as Exhibit F as if the Dissenting Lenders and the Assuming Lenders had executed an Assignment and Assumption with respect to such allocation. For the avoidance of doubt, no Lender (whether or not such Lender has approved or is deemed
to have approved the Proposed Borrowing Base) shall have any obligation whatsoever to agree to become an Assuming Lender, it being understood that any such decision shall be made in its sole and absolute discretion. If the foregoing reallocation can
be effected, then on the date the Proposed Borrowing Base becomes effective as specified in Section 2.07(d): (x) the Administrative Agent will furnish to the Borrower and the Lenders a revised Annex I reflecting the Maximum Credit Amounts,
Elected Commitments and Applicable Percentages of each Lender after giving effect to such reallocation, which revised Annex I shall amend and restate the then existing Annex I in its entirety and (y) each New Lender shall become a party to the
Credit Agreement as a “Lender” with the Maximum Credit Amount, Elected Commitment and Applicable Percentage specified for it in the revised Annex I specified in the immediately preceding clause (x) and such New Lender shall have all
of the rights and obligations of a Lender under the Credit Agreement and the other Loan Documents (and each New Lender shall execute a joinder agreement provided by the Administrative Agent to evidence its joinder to this Agreement as a Lender
hereunder). If the reallocation contemplated by this Section 2.07(c)(iv) is not effectuated for any reason, then the Proposed Borrowing Base shall be deemed not to be approved by the Requisite Increase Lenders. 

  
 9 

 2.6 Amendment to Section 3.04(c)(i). Section 3.04(c)(i) of the Credit
Agreement is hereby amended and restated as follows: 
 (i) If, after giving effect to any termination or
reduction of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b), or any reduction of the Aggregate Elected Commitment Amounts pursuant to Section 2.06(c), the total Revolving Credit Exposures exceeds the total Commitments,
then the Borrower shall (A) prepay the Borrowings on the date of such termination or reduction in an aggregate principal amount equal to such excess, and (B) if any excess remains after prepaying all of the Borrowings as a result of an LC
Exposure, pay to the Administrative Agent on behalf of the Lenders an amount equal to such excess to be held as cash collateral as provided in Section 2.08(j). 
 2.7 Amendment to Section 9.01(a). Section 9.01(a) is hereby amended and restated as follows: 
 (a) Ratio of EBITDAX to Interest Expense. The Parent and the Borrower will not, as of the last day of any fiscal quarter, permit the ratio of (i) EBITDAX for the four fiscal quarters ending on
such day to (ii) Interest Expense for the four fiscal quarters ending on such day to be less than 2.5 to 1.0. 
 2.8
Amendment to Section 12.01(a)(ii). Section 12.01(a)(ii) of the Credit Agreement is hereby amended and restated as follows: 
 (ii) if to the Administrative Agent, to it at 1000 Louisiana, Suite 900, Houston, Texas, 77002; Attention of Ed Pak (Telecopy No. (713) 651-8101), with a copy to WLS Charlotte Agency Services
(Telecopy No. (704) 590-2782), 1525 W. WT Harris Blvd., Charlotte, NC 28262; 
 2.9 Amendment to
Section 12.02(b)(i). Section 12.02(b)(i) of the Credit Agreement is hereby amended and restated as follows: 
 (i) increase the Maximum Credit Amount or Elected Commitment of any Lender without the written consent of such Lender, 
 2.10 Amendment to Section 12.04(b)(iv). The first sentence of Section 12.04(b)(iv) of the Credit Agreement is hereby amended and restated as follows: 

(iv) The Administrative Agent, acting for this purpose as an agent of the Borrower, shall maintain at one of its offices a
copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Maximum Credit Amount and Elected Commitment of, and principal amount of the Loans and LC Disbursements
owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). 

  
 10 

 2.11 Replacement of Annex I. Annex I to the Credit Agreement is hereby replaced with
Annex I attached hereto and Annex I attached hereto shall be deemed to be attached as Annex I to the Credit Agreement. 
 2.12
New Exhibits. Exhibit G and Exhibit H to this Seventh Amendment are hereby added as Exhibit G and Exhibit H to the Credit Agreement and Exhibit G and Exhibit H attached hereto shall be deemed to be attached as Exhibit G and Exhibit H to the
Credit Agreement, respectively. 
 Section 3. Borrowing Base Redetermination. For the period from and including the Seventh
Amendment Effective Date (as defined below) to but excluding the next Redetermination Date, the amount of the Borrowing Base shall be $750,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to
time pursuant to Section 8.13(c) or Section 9.12(d). For the avoidance of doubt, the redetermination herein shall constitute the October 1, 2012 Scheduled Redetermination and the next Scheduled Redetermination shall be the
April 1, 2013 Scheduled Redetermination. 
 Section 4. Conditions Precedent. This Seventh Amendment shall become effective as
of the date when each of the following conditions is satisfied (or waived in accordance with Section 12.02 of the Credit Agreement) (the “Seventh Amendment Effective Date”): 

4.1 The Administrative Agent shall have received from each Lender, each Guarantor and the Borrower, counterparts (in such number as may be
requested by the Administrative Agent) of this Seventh Amendment signed on behalf of such Person. 
 4.2 The Administrative Agent
shall have received all fees and other amounts due and payable on or prior to the date hereof. 
 4.3 No Default shall have
occurred and be continuing as of the date hereof, after giving effect to the terms of this Seventh Amendment. 
 4.4 The
Administrative Agent shall have received the most recently prepared Reserve Report for the Oil and Gas Properties of the Borrower and its Subsidiaries, dated July 1, 2012. 
 4.5 The Administrative Agent shall have received title information as the Administrative Agent may reasonably require satisfactory to the Administrative Agent setting forth the status of title to at least
80% of the total value of the Oil and Gas Properties evaluated in the Reserve Report delivered pursuant to Section 4.4 of this Seventh Amendment. 
 4.6 The Administrative Agent shall be reasonably satisfied that the Security Instruments create first priority, perfected Liens (subject only to Excepted Liens identified in clauses (a) to
(d) and (f) of the definition thereof, but subject to the provisos at the end of such definition) on at least 80% of the total value of the Oil and Gas Properties evaluated in the Reserve Report delivered pursuant to Section 4.4 of
this Seventh Amendment. In connection therewith, to the extent necessary, the Administrative Agent shall have received from the Borrower a duly executed and notarized amendment and/or supplement to each mortgage or such new mortgages which shall be
reasonably satisfactory to the Administrative Agent in form and substance. 

  
 11 

 4.7 The Administrative Agent shall have received such other documents as the Administrative
Agent or its special counsel may reasonably require. 
 The Administrative Agent is hereby authorized and directed to declare
this Seventh Amendment to be effective when it has received documents confirming or certifying, to the satisfaction of the Administrative Agent, compliance with the conditions set forth in this Section 4 or the waiver of such conditions as
permitted hereby. Such declaration shall be final, conclusive and binding upon all parties to the Credit Agreement for all purposes. 

Section 5. Miscellaneous. 
 5.1 Confirmation. The provisions of the Credit Agreement, as amended by this Seventh Amendment, shall remain in full force and effect following the effectiveness of this Seventh Amendment.

 5.2 No Waiver. Neither the execution by the Administrative Agent or the Lenders of this Seventh Amendment, nor any
other act or omission by the Administrative Agent or the Lenders or their officers in connection herewith, shall be deemed a waiver by the Administrative Agent or the Lenders of any Defaults or Events of Default which may exist, which may have
occurred prior to the date of the effectiveness of this Seventh Amendment or which may occur in the future under the Credit Agreement and/or the other Loan Documents. Similarly, nothing contained in this Seventh Amendment shall directly or
indirectly in any way whatsoever either: (a) impair, prejudice or otherwise adversely affect the Administrative Agent’s or the Lenders’ right at any time to exercise any right, privilege or remedy in connection with the Loan Documents
with respect to any Default or Event of Default, (b) except as expressly provided herein, amend or alter any provision of the Credit Agreement, the other Loan Documents, or any other contract or instrument, or (c) constitute any course of
dealing or other basis for altering any obligation of the Borrower or any right, privilege or remedy of the Administrative Agent or the Lenders under the Credit Agreement, the other Loan Documents, or any other contract or instrument. Each reference
in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or any other word or words of similar import shall mean and be a reference to the Credit Agreement as amended hereby, and each
reference in any other Loan Document to the Credit Agreement or any word or words of similar import shall be and mean a reference to the Credit Agreement as amended hereby. 
 5.3 Ratification and Affirmation; Representations and Warranties. Each Obligor hereby (a) acknowledges the terms of this Seventh Amendment; (b) ratifies and affirms its obligations under,
and acknowledges its continued liability under, each Loan Document to which it is a party and agrees that each Loan Document to which it is a party remains in full force and effect as expressly amended hereby and (c) represents and warrants to
the Lenders that as of the date hereof, after giving effect to the terms of this Seventh Amendment: (i) all of the representations and warranties contained in each Loan Document to which it is a party are true and correct, except to the extent
any such representations and warranties are expressly limited to 

  
 12 

 
an earlier date, in which case, such representations and warranties shall continue to be true and correct as of such specified earlier date, (ii) no Default or Event of Default has occurred
and is continuing and (iii) no event or events have occurred which individually or in the aggregate could reasonably be expected to have a Material Adverse Effect. 
 5.4 Counterparts. This Seventh Amendment may be executed by one or more of the parties hereto in any number of separate counterparts, and all of such counterparts taken together shall be deemed to
constitute one and the same instrument. Delivery of this Seventh Amendment by facsimile or email transmission shall be effective as delivery of a manually executed counterpart hereof. 

5.5 No Oral Agreement. This Seventh Amendment, the Credit Agreement and the other Loan Documents executed in connection herewith
and therewith represent the final agreement between the parties and may not be contradicted by evidence of prior, contemporaneous, or unwritten oral agreements of the parties. There are no subsequent oral agreements between the parties. 

5.6 GOVERNING LAW. THIS SEVENTH AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK. 
 5.7 Payment of Expenses. In accordance with Section 12.03 of the Credit Agreement, the Borrower agrees to
pay or reimburse the Administrative Agent for all of its reasonable out-of-pocket costs and reasonable expenses incurred in connection with this Seventh Amendment, any other documents prepared in connection herewith and the transactions contemplated
hereby, including, without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent. 
 5.8
Severability. Any provision of this Seventh Amendment which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

5.9 Successors and Assigns. This Seventh Amendment shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns. 
 [SIGNATURES BEGIN NEXT PAGE] 

  
 13 

 IN WITNESS WHEREOF, the parties hereto have caused this Seventh Amendment to be duly
executed as of the date first written above. 
  

							
	 BORROWER:
	 		 	OASIS PETROLEUM NORTH AMERICA LLC
				
		 		 	By:	 	    /s/ Taylor Reid
		 		 		 	Taylor Reid
		 		 		 	Executive Vice President and Chief
		 		 		 	Operating Officer
			
	GUARANTORS:	 		 	OASIS PETROLEUM LLC
		 		 	OASIS PETROLEUM INC.
		 		 	OASIS PETROLEUM MARKETING LLC
		 		 	OASIS WELL SERVICES LLC
				
		 		 	By:	 	    /s/ Taylor Reid
		 		 		 	Taylor Reid
		 		 		 	Executive Vice President and Chief
		 		 		 	Operating Officer

  
 Signature Page
to Seventh Amendment to Amended and Restated Credit Agreement 
 (Oasis Petroleum North America LLC) 

					
	ADMINISTRATIVE AGENT AND	 	WELLS FARGO BANK, N.A.
	LENDER:	 		 	
			
		 	By:	 	    /s/ Edward Pak
		 		 	Edward Pak
		 		 	Director

  
 Signature Page
to Seventh Amendment to Amended and Restated Credit Agreement 
 (Oasis Petroleum North America LLC) 

					
	 LENDERS:
	 	JPMORGAN CHASE BANK, N.A.
			
		 	By:	 	    /s/ Ryan Aman
		 	Name:	 	Ryan Aman
		 	Title:	 	Authorized Officer

  
 Signature Page
to Seventh Amendment to Amended and Restated Credit Agreement 
 (Oasis Petroleum North America LLC) 

 
			
	UBS LOAN FINANCE, LLC
		
	By:	 	/s/ Irja R. Otsa
		 	  

	Name:	 	Irja R. Otsa
	Title:	 	Associate Director Banking Products
		 	Services, US
		
	By:	 	/s/ David Urban
		 	  

	Name:	 	David Urban
	Title:	 	Associate Director Banking Products
		 	Services, US

  
 Signature Page
to Seventh Amendment to Amended and Restated Credit Agreement 
 (Oasis Petroleum North America LLC) 

 
			
	THE ROYAL BANK OF SCOTLAND PLC
		
	By:	 	/s/ James L. Moyes
		 	  

	Name:	 	James L. Moyes
	Title:	 	Authorized Signatory

  
 Signature Page
to Seventh Amendment to Amended and Restated Credit Agreement 
 (Oasis Petroleum North America LLC) 

 
			
	AMEGY BANK NATIONAL
	ASSOCATION
		
	By:	 	/s/ C. Wakeford Thompson
		 	  

	Name:	 	C. Wakeford Thompson
	Title:	 	Vice President

  
 Signature Page
to Seventh Amendment to Amended and Restated Credit Agreement 
 (Oasis Petroleum North America LLC) 

 
			
	COMPASS BANK
		
	By:	 	/s/ Kathleen J. Bowen
		 	  

	Name:	 	Kathleen J. Bowen
	Title:	 	Senior Vice President

  
 Signature Page
to Seventh Amendment to Amended and Restated Credit Agreement 
 (Oasis Petroleum North America LLC) 

 
			
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	/s/ John C. Lozano
		 	  

	Name:	 	John C. Lozano
	Title:	 	Vice President

  
 Signature Page
to Seventh Amendment to Amended and Restated Credit Agreement 
 (Oasis Petroleum North America LLC) 

 
			
	CITIBANK, N.A.
		
	By:	 	/s/ John F. Miller
		 	  

	Name:	 	John F. Miller
	Title:	 	Attorney-in-Fact

  
 Signature Page
to Seventh Amendment to Amended and Restated Credit Agreement 
 (Oasis Petroleum North America LLC) 

 
			
	ROYAL BANK OF CANADA
		
	By:	 	/s/ Mark Lumpkin, Jr.
		 	  

	Name:	 	Mark Lumpkin, Jr.
	Title:	 	Authorized Signatory

  
 Signature Page
to Seventh Amendment to Amended and Restated Credit Agreement 
 (Oasis Petroleum North America LLC) 

 ANNEX I 
 LIST OF MAXIMUM CREDIT AMOUNTS AND ELECTED COMMITMENTS 
 Aggregate Maximum Credit
Amounts and Aggregate Elected Commitment Amounts 
  

													
	 Name of Lender
	  	Applicable
Percentage	 	 	Maximum
Credit Amount	 	  	Elected
Commitment	 
	 Wells Fargo Bank, N.A.
	  	 	20.80	% 	 	$	208,000,000.00	  	  	$	104,000,000.00	  
	 JPMorgan Chase Bank, N.A.
	  	 	12.00	% 	 	$	120,000,000.00	  	  	$	60,000,000.00	  
	 UBS Loan Finance LLC
	  	 	12.00	% 	 	$	120,000,000.00	  	  	$	60,000,000.00	  
	 The Royal Bank of Scotland plc
	  	 	12.00	% 	 	$	120,000,000.00	  	  	$	60,000,000.00	  
	 Citibank, N.A.
	  	 	12.00	% 	 	$	120,000,000.00	  	  	$	60,000,000.00	  
	 Royal Bank of Canada
	  	 	12.00	% 	 	$	120,000,000.00	  	  	$	60,000,000.00	  
	 Amegy Bank National Association
	  	 	6.40	% 	 	$	64,000,000.00	  	  	$	32,000,000.00	  
	 Compass Bank
	  	 	6.40	% 	 	$	64,000,000.00	  	  	$	32,000,000.00	  
	 U.S. Bank National Association
	  	 	6.40	% 	 	$	64,000,000.00	  	  	$	32,000,000.00	  
	 TOTAL
	  	 	100.00	% 	 	$	1,000,000,000.00	  	  	$	500,000,000.00	  

 EXHIBIT G 
 FORM OF ELECTED COMMITMENT INCREASE CERTIFICATE 

[            ],
20[            ] 
  

	To:	Wells Fargo Bank, N.A., 

 as
Administrative Agent 
 The Borrower, the Administrative Agent and certain Lenders and other agents have heretofore entered into
an Amended and Restated Credit Agreement, dated as of February 26, 2010 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms not otherwise defined herein shall
have the meaning given to such terms in the Credit Agreement. 
 This Elected Commitment Increase Certificate is being delivered
pursuant to Section 2.06(c) of the Credit Agreement. 
 Please be advised that the undersigned Lender has agreed
(a) to increase its Elected Commitment under the Credit Agreement effective [            ], 20[            ] from
$[            ] to $[            ] and (b) that it shall continue to be a party in all respects to the Credit Agreement and
the other Loan Documents. 
  

			
	Very truly yours,
	
	OASIS PETROLEUM NORTH AMERICA LLC, a Delaware limited liability company
		
	By:	 	
		 	  

		 	Name:
		 	Title:

 Accepted and Agreed: 
 WELLS FARGO BANK, N.A., 
 as Administrative Agent 

 

			
	By:	 	 
	Name:	 	 
	Title:	 	 

 Accepted and Agreed: 
 [Name of Increasing Lender] 
  

			
	By:	 	 
	Name:	 	 
	Title:	 	 

 EXHIBIT H 
 FORM OF ADDITIONAL LENDER CERTIFICATE 

[            ],
20[            ] 
  

	To:	Wells Fargo Bank, N.A., 

 as
Administrative Agent 
 The Borrower, the Administrative Agent and certain Lenders and other agents have heretofore entered into
an Amended and Restated Credit Agreement, dated as of February 26, 2010 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms not otherwise defined herein shall
have the meaning given to such terms in the Credit Agreement. 
 This Additional Lender Certificate is being delivered pursuant
to Section 2.06(c) of the Credit Agreement. 
 Please be advised that the undersigned Additional Lender has agreed
(a) to become a Lender under the Credit Agreement effective [            ], 20[            ] with a Maximum Aggregate Credit
Amount of $[            ] and an Elected Commitment of $[            ] and (b) that it shall be a party in all respects to
the Credit Agreement and the other Loan Documents. 
 This Additional Lender Certificate is being delivered to the
Administrative Agent together with (i) if the Additional Lender is a Foreign Lender, any documentation required to be delivered by such Additional Lender pursuant to Section 5.03(e) of the Credit Agreement, duly completed and executed by
the Additional Lender, and (ii) an Administrative Questionnaire in the form supplied by the Administrative Agent, duly completed by the Additional Lender. The [Borrower/Additional Lender] shall pay the fee payable to the Administrative
Agent pursuant to Section 2.06(c)(ii)(G) of the Credit Agreement. 
  

			
	Very truly yours,
	
	 OASIS PETROLEUM NORTH AMERICA LLC, a
 Delaware limited liability company

		
	By:	 	
		 	  

		 	Name:
		 	Title:

 Accepted and Agreed: 
 WELLS FARGO BANK, N.A., 
 as Administrative Agent 

 

			
	By:	 	 
	Name:	 	 
	Title:	 	 

 Accepted and Agreed: 
 [Additional Lender] 
  

			
	By:	 	 
	Name:	 	 
	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}]]