Document:

EX-10.1

 Exhibit 10.1 

INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (“Agreement”) is made as of March 23, 2016, by and between Parsley Energy, Inc., a Delaware
corporation (the “Corporation”), and Ronald Brokmeyer (“Indemnitee”). 
 RECITALS: 

WHEREAS, directors, officers and other persons in service to corporations or business enterprises are subjected to expensive and
time-consuming litigation relating to, among other things, matters that traditionally would have been brought only against the Corporation or business enterprise itself; 

WHEREAS, highly competent persons have become more reluctant to serve as directors, officers or in other capacities unless they are provided
with adequate protection through insurance and adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of the corporation; 

WHEREAS, the Board of Directors of the Corporation (the “Board”) has determined that the increased difficulty in attracting
and retaining such persons is detrimental to the best interests of the Corporation and its stockholders and that the Corporation should act to assure such persons that there will be increased certainty of such protection in the future; 

WHEREAS, (i) the Amended and Restated Bylaws of the Corporation (as may be amended, the “Bylaws”) require
indemnification of the officers and directors of the Corporation, (ii) Indemnitee may also be entitled to indemnification pursuant to the General Corporation Law of the State of Delaware (“DGCL”) and (iii) the Bylaws and
the DGCL expressly provide that the indemnification provisions set forth therein are not exclusive and thereby contemplate that contracts may be entered into between the Corporation and members of the Board, officers and other persons with respect
to indemnification; 
 WHEREAS, this Agreement is a supplement to and in furtherance of the Bylaws and the Amended and Restated Certificate
of Incorporation of the Corporation (as may be amended, the “Certificate of Incorporation”) and any resolutions adopted pursuant thereto, and shall not be deemed a substitute therefore, nor to diminish or abrogate any rights of
Indemnitee thereunder; and 
 WHEREAS, (i) Indemnitee does not regard the protection available under the Bylaws and insurance as
adequate in the present circumstances, (ii) Indemnitee may not be willing to serve or continue to serve as a director or officer of the Corporation without adequate protection, (iii) the Corporation desires Indemnitee to serve in such
capacity, and (iv) Indemnitee is willing to serve, continue to serve and to take on additional service for or on behalf of the Corporation on the condition that he be so indemnified. 

 AGREEMENT: 

NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Corporation and Indemnitee do hereby covenant and
agree as follows: 
 Section 1. Definitions. (a) As used in this Agreement: 

“Affiliate” of any specified Person shall mean any other Person controlling, controlled by or under common control with such
specified Person. 
 “Corporate Status” describes the status of a person who is or was a director, officer, employee or
agent of (i) the Corporation or (ii) any other corporation, limited liability company, partnership or joint venture, trust, employee benefit plan or other enterprise which such person is or was serving at the request of the Corporation.

 “Disinterested Director” shall mean a director of the Corporation who is not and was not a party to the Proceeding in
respect of which indemnification is sought by Indemnitee. 
 “Enterprise” shall mean the Corporation and any other
corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Corporation as a director, officer, employee, agent or fiduciary. 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

“Expenses” shall mean all reasonable costs, expenses, fees and charges, including, without limitation, attorneys’ fees,
retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or expenses of the types
customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding. Expenses also shall include, without limitation,
(i) expenses incurred in connection with any appeal resulting from, incurred by Indemnitee in connection with, arising out of, or in respect of or relating to, any Proceeding, including, without limitation, the premium, security for, and other
costs relating to any cost bond, supersedes bond, or other appeal bond or its equivalent, (ii) for purposes of Section 12(d) hereof only, expenses incurred by Indemnitee in connection with the interpretation, enforcement or defense of
Indemnitee’s rights under this Agreement, by litigation or otherwise, (iii) any federal, state, local or foreign taxes imposed on Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement, and
(iv) any interest, assessments or other charges in respect of the foregoing. “Expenses” shall not include “Liabilities.” 

“Indemnity Obligations” shall mean all obligations of the Corporation to Indemnitee under this Agreement, including the
Corporation’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement. 

“Independent Counsel” shall mean a law firm of fifty (50) or more attorneys, or a member of a law firm of fifty (50) or more
attorneys, that is experienced in matters of corporation law and neither presently is, nor in the past five (5) years has been, retained to 

  
 2 

 
represent: (i) the Corporation or Indemnitee in any matter material to either such party (other than with respect to matters concerning Indemnitee under this Agreement, or of other
indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder; provided, however, that the term “Independent Counsel” shall not
include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Corporation or Indemnitee in an action to determine Indemnitee’s rights under this
Agreement. 
 “Liabilities” shall mean all claims, liabilities, damages, losses, judgments, orders, fines, penalties and
other amounts payable in connection with, arising out of, or in respect of or relating to any Proceeding, including, without limitation, amounts paid in settlement in any Proceeding and all costs and expenses in complying with any judgment, order or
decree issued or entered in connection with any Proceeding or any settlement agreement, stipulation or consent decree entered into or issued in settlement of any Proceeding. 

“Person” shall mean any individual, corporation, partnership, limited partnership, limited liability company, trust,
governmental agency or body or any other legal entity. 
 “Proceeding” shall mean any threatened, pending or completed
action, claim, suit, arbitration, alternate dispute resolution mechanism, formal or informal hearing, inquiry or investigation, litigation, inquiry, administrative hearing or any other actual, threatened or completed judicial, administrative or
arbitration proceeding (including, without limitation, any such proceeding under the Securities Act of 1933, as amended, or the Exchange Act or any other federal law, state law, statute or regulation), whether brought in the right of the Corporation
or otherwise, and whether of a civil, criminal, administrative or investigative nature, in each case, in which Indemnitee was, is or will be, or is threatened to be, involved as a party, witness or otherwise by reason of the fact that Indemnitee is
or was a director or officer of the Corporation, by reason of any actual or alleged action taken by Indemnitee or of any action on Indemnitee’s part while acting as director or officer of the Corporation, or by reason of the fact that he is or
was serving at the request of the Corporation as a director, officer, employee or agent of another corporation, limited liability company, partnership, joint venture, trust or other enterprise, in each case whether or not serving in such capacity at
the time any liability or expense is incurred for which indemnification, reimbursement, or advancement can be provided under this Agreement 

(b) For the purpose hereof, references to “fines” shall include any excise tax assessed with respect to any employee benefit plan;
references to “serving at the request of the Corporation” shall include any service as a director, officer, employee or agent of the Corporation which imposes duties on, or involves services by, such director, officer, employee or agent
with respect to an employee benefit plan, its participants or beneficiaries; and a Person who acted in good faith and in a manner he reasonably believed to be in the best interests of the participants and beneficiaries of an employee benefit plan
shall be deemed to have acted in a manner “not opposed to the best interests of the Corporation” as referred to in this Agreement. 

Section 2. Indemnity in Third-Party Proceedings. The Corporation shall indemnify and hold harmless Indemnitee, to the fullest
extent permitted by applicable law, from and against all Liabilities and Expenses suffered or reasonably incurred (and, in the case of retainers, 

  
 3 

 
reasonably expected to be incurred) by Indemnitee or on Indemnitee’s behalf in connection with any Proceeding (other than any Proceeding brought by or in the right of the Corporation to
procure a judgment in its favor), or any claim, issue or matter therein. 
 Section 3. Indemnity in Proceedings by or in the Right of the
Corporation. The Corporation shall indemnify and hold harmless Indemnitee, to the fullest extent permitted by applicable law, from and against all Liabilities and Expenses suffered or incurred by Indemnitee or on Indemnitee’s behalf in
connection with any Proceeding brought by or in the right of the Corporation to procure a judgment in its favor, or any claim, issue or matter therein. No indemnification for Liabilities and Expenses shall be made under this Section 3 in
respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudged by a court to be liable to the Corporation, unless and only to the extent that the Delaware Court of Chancery or any court in which the Proceeding was
brought shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to such indemnification. 

Section 4. Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provisions of this
Agreement, and without limiting the rights of Indemnitee under any other provision hereof, including any rights to indemnification pursuant to Sections 2 or 3 hereof, to the fullest extent permitted by applicable law, to the extent that Indemnitee
is successful, on the merits or otherwise, in any Proceeding or in defense of any claim, issue or matter therein, in whole or in part, the Corporation shall indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee or
on Indemnitee’s behalf in connection with each successfully resolved Proceeding, claim, issue or matter. For purposes of this Section 4 and without limitation, the termination of any Proceeding or claim, issue or matter in such a
Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter. 
 Section
5. Indemnification For Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the fullest extent permitted by applicable law and to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status,
a witness or otherwise a participant in any Proceeding to which Indemnitee is not a party, Indemnitee shall be indemnified against all Expenses suffered or incurred (or, in the case of retainers, reasonably expected to be incurred) by Indemnitee or
on Indemnitee’s behalf in connection therewith. 
 Section 6. Additional Indemnification. Notwithstanding any limitation in
Sections 2, 3 or 4 hereof, the Corporation shall indemnify Indemnitee to the fullest extent permitted by applicable law if Indemnitee is a party to or threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the
Corporation to procure a judgment in its favor) against all Liabilities and Expenses suffered or reasonably incurred by Indemnitee in connection with such Proceeding, including but not limited to: 

(a) the fullest extent permitted by the provision of the DGCL that authorizes or contemplates additional indemnification by agreement, or the
corresponding provision of any amendment to or replacement of the DGCL; and 

  
 4 

 (b) the fullest extent authorized or permitted by any amendments to or replacements of the DGCL
adopted after the date of this Agreement that increase the extent to which a corporation may indemnify its officers and directors. 

Section 7. Exclusions. Notwithstanding any provision in this Agreement, the Corporation shall not be obligated under this
Agreement to indemnify or hold harmless Indemnitee: 
 (a) for which payment has actually been made to or on behalf of Indemnitee under any
insurance policy obtained by the Corporation except with respect to any excess beyond the amount paid under such insurance policy; 
 (b)
for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Corporation within the meaning of Section 16(b) of the Exchange Act or similar provisions of state statutory law or common law;

 (c) except as provided in Section 12(d) of this Agreement, in connection with any Proceeding (or any part of any Proceeding) initiated by
Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against the Corporation or its directors, officers, employees or other indemnitees, unless (i) the Board authorized the Proceeding (or any part of any
Proceeding) prior to its initiation or (ii) the Corporation provides the indemnification, in its sole discretion, pursuant to the powers vested in the Corporation under applicable law; or 

(d) if a final decision by a court having jurisdiction in the matter shall determine that such indemnification is not lawful. 

Section 8. Advancement. In accordance with the pre-existing requirements of the Bylaws, and notwithstanding any provision of this
Agreement to the contrary, the Corporation shall advance, to the extent not prohibited by applicable law, the Expenses reasonably incurred by Indemnitee in connection with any Proceeding, and such advancement shall be made within thirty (30) days
after the receipt by the Corporation of a statement or statements requesting such advances from time to time, whether prior to or after final disposition of any Proceeding. Advances shall be unsecured and interest free. Advances shall be
made without regard to Indemnitee’s ability to repay the Expenses and without regard to Indemnitee’s ultimate entitlement to indemnification under the other provisions of this Agreement. Advances shall include any and all Expenses
reasonably incurred pursuing an action to enforce this right of advancement, including Expenses incurred preparing and forwarding statements to the Corporation to support the advances claimed. Indemnitee shall qualify for advances upon the
execution and delivery to the Corporation of this Agreement, which shall constitute an undertaking providing that Indemnitee undertakes to repay the amounts advanced to the extent that it is ultimately determined that Indemnitee is not entitled to
be indemnified by the Corporation. This Section 8 shall not apply to any claim made by Indemnitee for which indemnity is excluded pursuant to Section 7 hereof. 

  
 5 

 Section 9. Procedure for Notification and Defense of Claim. 

(a) Indemnitee shall promptly notify the Corporation in writing of any Proceeding with respect to which Indemnitee intends to seek
indemnification or advancement hereunder following the receipt by Indemnitee of written notice thereof. The written notification to the Corporation shall include a description of the nature of the Proceeding and the facts underlying the
Proceeding. To obtain indemnification under this Agreement, Indemnitee shall submit to the Corporation a written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and is
reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification following the final disposition of such Proceeding. Any delay or failure by Indemnitee to notify the Corporation hereunder will not relieve
the Corporation from any liability which it may have to Indemnitee hereunder or otherwise than under this Agreement, and any delay or failure in so notifying the Corporation shall not constitute a waiver by Indemnitee of any rights under this
Agreement. The Secretary of the Corporation shall, promptly upon receipt of such a request for indemnification, advise the Board in writing that Indemnitee has requested indemnification. 

(b) In the event Indemnitee is entitled to indemnification and/or advancement with respect to any Proceeding, Indemnitee may, at
Indemnitee’s option, (i) retain counsel selected by Indemnitee and approved by the Corporation to defend Indemnitee in such Proceeding, at the sole expense of the Corporation (which approval shall not be unreasonably withheld, conditioned
or delayed), or (ii) have the Corporation assume the defense of Indemnitee in such Proceeding, in which case the Corporation shall assume the defense of such Proceeding with counsel selected by the Corporation and approved by Indemnitee (which
approval shall not be unreasonably withheld, conditioned or delayed) within ten (10) days of the Corporation’s receipt of written notice of Indemnitee’s election to cause the Corporation to do so. If the Corporation is required to
assume the defense of any such Proceeding, it shall engage legal counsel for such defense, and the Corporation shall be solely responsible for all fees and expenses of such legal counsel and otherwise of such defense. Such legal counsel may
represent both Indemnitee and the Corporation (and any other party or parties entitled to be indemnified by the Corporation with respect to such matter) unless, in the reasonable opinion of legal counsel to Indemnitee, there is a conflict of
interest between Indemnitee and the Corporation (or any other such party or parties) or there are legal defenses available to Indemnitee that are not available to the Corporation (or any such other party or parties). Notwithstanding either
party’s assumption of responsibility for defense of a Proceeding, each party shall have the right to engage separate counsel at its own expense. The party having responsibility for defense of a Proceeding shall provide the other party and
its counsel with all copies of pleadings and material correspondence relating to the Proceeding. Indemnitee and the Corporation shall reasonably cooperate in the defense of any Proceeding with respect to which indemnification is sought
hereunder, regardless of whether the Corporation or Indemnitee assumes the defense thereof. Indemnitee may not settle or compromise any Proceeding without the prior written consent of the Corporation, which consent shall not be unreasonably
withheld, conditioned or delayed. The Corporation may not settle or compromise any Proceeding without the prior written consent of Indemnitee. 

  
 6 

 Section 10. Procedure Upon Application for Indemnification. 

(a) Upon written request by Indemnitee for indemnification pursuant to Section 9(a) hereof, if any determination by the Corporation is
required by applicable law with respect to Indemnitee’s entitlement thereto, such determination shall be made (i) if Indemnitee shall request such determination be made by Independent Counsel, by Independent Counsel, and (ii) in all
other circumstances, (A) by a majority vote of the Disinterested Directors, even though less than a quorum of the Board, (B) by a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors, even
though less than a quorum of the Board, (C) if there are no such Disinterested Directors or, if such Disinterested Directors so direct, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee,
or (D) if so directed by the Board, by the stockholders of the Corporation; and, if it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten (10) days after such
determination. Indemnitee shall cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable
advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. Any Expenses incurred by Indemnitee
in so cooperating with the person, persons or entity making such determination shall be borne by the Corporation (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Corporation hereby indemnifies and
agrees to hold Indemnitee harmless therefrom. The Corporation will not deny any written request for indemnification hereunder made in good faith by Indemnitee unless a determination as to Indemnitee’s entitlement to such indemnification
described in this Section 10(a) has been made. The Corporation agrees to pay the reasonable fees and expenses of the Independent Counsel referred to above and to fully indemnify such counsel against any and all Liabilities and Expenses arising
out of or relating to this Agreement or its engagement pursuant hereto. 
 (b) In the event the determination of entitlement to
indemnification is to be made by Independent Counsel pursuant to Section 10(a) hereof, (i) the Independent Counsel shall be selected by the Corporation within ten (10) days of the Submission Date (the cost of such Independent Counsel to be paid
by the Corporation), (ii) the Corporation shall give written notice to Indemnitee advising it of the identity of the Independent Counsel so selected and (iii) Indemnitee may, within ten (10) days after such written notice of selection
shall have been given, deliver to the Corporation Indemnitee’s written objection to such selection. Such objection by Indemnitee may be asserted only on the ground that the Independent Counsel selected does not meet the requirements of
“Independent Counsel” as defined in this Agreement. If such written objection is made and substantiated, the Independent Counsel selected shall not serve as Independent Counsel unless and until Indemnitee withdraws the objection or a court
has determined that such objection is without merit. Absent a timely objection, the person so selected shall act as Independent Counsel. If no Independent Counsel shall have been selected and not objected to before the later of
(i) thirty (30) days after the later of submission by Indemnitee of a written request for indemnification pursuant to Section 10(a) hereof (the “Submission Date”) and (ii) ten (10) days after the final disposition of the
Proceeding, each of the Corporation and Indemnitee shall select a law firm or member of a law firm meeting the qualifications to serve as Independent Counsel, and such law firms or members of law firms shall

  
 7 

 
select the Independent Counsel. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 12(a) of this Agreement, Independent Counsel shall be discharged and
relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). 

Section 11. Presumptions and Effect of Certain Proceedings. 

(a) In making a determination with respect to entitlement to indemnification hereunder, the person, persons or entity making such
determination shall, to the fullest extent not prohibited by applicable law, presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 9(a) of
this Agreement, and the Corporation shall, to the fullest extent not prohibited by applicable law, have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination contrary to
that presumption. Neither the failure of the Corporation (including by its directors or independent legal counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper in
the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination by the Corporation (including by its directors or independent legal counsel) that Indemnitee has not met such applicable standard of
conduct, shall be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct. 
 (b)
Subject to Section 12(e) hereof, if the person, persons or entity empowered or selected under Section 10 of this Agreement to determine whether Indemnitee is entitled to indemnification shall not have made a determination within sixty (60) days
after receipt by the Corporation of the request therefore, the requisite determination of entitlement to indemnification shall, to the fullest extent not prohibited by applicable law, be deemed to have been made and Indemnitee shall be entitled to
such indemnification, absent a prohibition of such indemnification under applicable law; provided, however, that such 60-day period may be extended for a reasonable time, not to exceed an additional thirty (30) days, if (i) the
determination is to be made by Independent Counsel and Indemnitee objects to the Corporation’s selection of Independent Counsel and (ii) the Independent Counsel ultimately selected requires such additional time for the obtaining or
evaluating of documentation or information relating thereto; provided further, however, that such 60-day period may also be extended for a reasonable time, not to exceed an additional sixty (60) days, if the determination of entitlement to
indemnification is to be made by the stockholders of the Corporation. 
 (c) The termination of any Proceeding or of any claim, issue or
matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) adversely affect the right of Indemnitee to indemnification or
create a presumption that Indemnitee did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the Corporation or, with respect to any criminal Proceeding, that Indemnitee had reasonable
cause to believe that Indemnitee’s conduct was unlawful. 
 (d) Reliance as Safe Harbor. For purposes of any determination
of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the 

  
 8 

 
records or books of account of the Enterprise, including financial statements, or on information supplied to Indemnitee by the officers of the Enterprise in the course of their duties, or on the
advice of legal counsel for the Enterprise or on information or records given or reports made to the Enterprise by an independent certified public accountant or by an appraiser or other expert selected with the reasonable care by the
Enterprise. The provisions of this Section 11(d) shall not be deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement.

 (e) Actions of Others. The knowledge or actions, or failure to act, of any director, officer, agent or employee of the
Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. 
 Section 12.
Remedies of Indemnitee. 
 (a) Subject to Section 12(e) hereof, in the event that (i) a determination is made pursuant to
Section 10 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement is not timely made pursuant to Section 8 of this Agreement, (iii) no determination of entitlement to indemnification
shall have been made pursuant to Section 10(a) of this Agreement within ninety (90) days after receipt by the Corporation of the request for indemnification, (iv) payment of indemnification is not made pursuant to Sections 4 or 5 or the last
sentence of Section 10(a) of this Agreement within ten (10) days after receipt by the Corporation of a written request therefor, (v) payment of indemnification pursuant to Sections 2, 3 or 6 of this Agreement is not made within ten (10) days
after a determination has been made that Indemnitee is entitled to indemnification, or (vi) in the event that the Corporation or any other Person takes or threatens to take any action to declare this Agreement void or unenforceable, or
institutes any litigation or other action or proceeding designed to deny, or to recover from, Indemnitee the benefits provided or intended to be provided to Indemnitee hereunder, Indemnitee shall be entitled to an adjudication by a court of
Indemnitee’s entitlement to such indemnification or advancement. Alternatively, Indemnitee, at Indemnitee’s option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules
of the American Arbitration Association. The Corporation shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration. 

(b) In the event that a determination shall have been made pursuant to Section 10(a) of this Agreement that Indemnitee is not entitled to
indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 12 shall be conducted in all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that adverse
determination. In any judicial proceeding or arbitration commenced pursuant to this Section 12 the Corporation shall have the burden of proving Indemnitee is not entitled to indemnification or advancement, as the case may be. 

(c) If a determination shall have been made pursuant to Section 10(a) of this Agreement that Indemnitee is entitled to indemnification, the
Corporation shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 12, absent a prohibition of such indemnification under applicable law. 

  
 9 

 (d) The Corporation shall, to the fullest extent not prohibited by applicable law, be precluded
from asserting in any judicial proceeding or arbitration commenced pursuant to this Section 12 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such
arbitrator that the Corporation is bound by all the provisions of this Agreement. It is the intent of the Corporation that Indemnitee not be required to incur Expenses associated with the interpretation, enforcement or defense of
Indemnitee’s rights under this Agreement by litigation or otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to Indemnitee hereunder. The Corporation shall indemnify
Indemnitee against any and all such Expenses and, if requested by Indemnitee, shall (within ten (10) days after receipt by the Corporation of a written request therefore) advance, to the extent not prohibited by applicable law, such Expenses to
Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification or advancement from the Corporation under this Agreement or under any directors’ and officers’ liability insurance
policies maintained by the Corporation, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement or insurance recovery, as the case may be. 

(e) Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement to indemnification under this Agreement
shall be required to be made prior to the final disposition of the Proceeding; provided that, in absence of any such determination with respect to such Proceeding, the Corporation shall advance Expenses with respect to such Proceeding. 

Section 13. Non-Exclusivity; Survival of Rights; Insurance; Subrogation. 

(a) The rights of indemnification and to receive advancement as provided by this Agreement shall not be deemed exclusive of any other rights
to which Indemnitee may at any time be entitled under applicable law, the Certificate of Incorporation, the Bylaws, any agreement, a vote of stockholders or a resolution of directors, or otherwise. No amendment, alteration or repeal of this
Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in Indemnitee’s Corporate Status prior to such amendment, alteration or
repeal. To the extent that a change in Delaware law, whether by statute or judicial decision, permits greater indemnification or advancement than would be afforded currently under the Bylaws or this Agreement, it is the intent of the parties
hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be
cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the
concurrent assertion or employment of any other right or remedy. 
 (b) The Corporation hereby acknowledges that Indemnitee may have certain
rights to indemnification, advancement and insurance provided by one or more Persons with whom or which Indemnitee may be associated. The Corporation hereby acknowledges and agrees that (i) the Corporation shall be the indemnitor of first
resort with respect to any Proceeding, Expense, Liability or matter that is the subject of the Indemnity Obligations, (ii) the Corporation shall be primarily liable for all Indemnity Obligations and any indemnification

  
 10 

 
afforded to Indemnitee in respect of any Proceeding, Expense, Liability or matter that is the subject of Indemnity Obligations, whether created by applicable law, organizational or constituent
documents, contract (including this Agreement) or otherwise, (iii) any obligation of any other Persons with whom or which Indemnitee may be associated to indemnify Indemnitee or advance Expenses or Liabilities to Indemnitee in respect of
any Proceeding shall be secondary to the obligations of the Corporation hereunder, (iv) the Corporation shall be required to indemnify Indemnitee and advance Expenses or Liabilities to Indemnitee hereunder to the fullest extent provided herein
without regard to any rights Indemnitee may have against any other Person with whom or which Indemnitee may be associated or insurer of any such Person and (v) the Corporation irrevocably waives, relinquishes and releases any other Person with
whom or which Indemnitee may be associated from any claim of contribution, subrogation or any other recovery of any kind in respect of amounts paid by the Corporation hereunder. In the event any other Person with whom or which Indemnitee may be
associated or their insurers advances or extinguishes any liability or loss which is the subject of any Indemnity Obligation owed by the Corporation or payable under any Corporation insurance policy, the payor shall have a right of subrogation
against the Corporation or its insurer or insurers for all amounts so paid which would otherwise be payable by the Corporation or its insurer or insurers under this Agreement. In no event will payment of an Indemnity Obligation by any other
Person with whom or which Indemnitee may be associated or their insurers affect the obligations of the Corporation hereunder or shift primary liability for any Indemnity Obligation to any other Person with whom or which Indemnitee may be associated.
Any indemnification, insurance or advancement provided by any other Person with whom or which Indemnitee may be associated with respect to any Liability arising as a result of Indemnitee’s Corporate Status or capacity as an officer or director
of any Person is specifically in excess over any Indemnity Obligation of the Corporation or any collectible insurance (including but not limited to any malpractice insurance or professional errors and omissions insurance) provided by the Corporation
under this Agreement. 
 (c) To the extent that the Corporation maintains an insurance policy or policies providing liability insurance for
directors, officers, employees, or agents of the Corporation or of any other Enterprise, Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available for any such
director, officer, employee or agent under such policy or policies and such policies shall provide for and recognize that the insurance policies are primary to any rights to indemnification, advancement or insurance proceeds to which Indemnitee may
be entitled from one or more Persons with whom or which Indemnitee may be associated to the same extent as the Corporation’s indemnification and advancement obligations set forth in this Agreement. If, at the time of the receipt of a
notice of a claim pursuant to the terms hereof, the Corporation has director and officer liability insurance in effect, the Corporation shall give prompt notice of the commencement of such Proceeding to the insurers in accordance with the procedures
set forth in the respective policies. The Corporation shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of
such policies. 
 (d) In the event of any payment under this Agreement, the Corporation shall not be subrogated to the rights of recovery of
Indemnitee, including rights of indemnification provided to Indemnitee from any other person or entity with whom Indemnitee may be associated; provided, however, that the Corporation shall be subrogated to the extent of any such
payment of all rights of recovery of Indemnitee under insurance policies of the Corporation or any of its subsidiaries. 

  
 11 

 (e) The indemnification and contribution provided for in this Agreement will remain in full force
and effect regardless of any investigation made by or on behalf of Indemnitee. 
 Section 14. Duration of Agreement; Not Employment
Contract. This Agreement shall continue until and terminate upon the latest of: (i) ten (10) years after the date that Indemnitee shall have ceased to serve as a director, officer, employee or agent of the Corporation or any other
Enterprise and (ii) the date of final termination of any Proceeding then pending in respect of which Indemnitee is granted rights of indemnification or advancement hereunder and of any proceeding commenced by Indemnitee pursuant to Section 12
of this Agreement relating thereto. This Agreement shall be binding upon the Corporation and its successors and assigns and shall inure to the benefit of Indemnitee and Indemnitee’s heirs, executors and administrators. This Agreement
shall not be deemed an employment contract between the Corporation (or any of its subsidiaries or any other Enterprise) and Indemnitee. Indemnitee specifically acknowledges that Indemnitee’s employment with the Corporation (or any of its
subsidiaries or any other Enterprise), if any, is at will, and Indemnitee may be discharged at any time for any reason, with or without cause, except as may be otherwise provided in any written employment contract between Indemnitee and the
Corporation (or any of its subsidiaries or any other Enterprise), other applicable formal severance policies duly adopted by the Board, or, with respect to service as a director of the Corporation, by the Certificate of Incorporation, the Bylaws or
the DGCL. 
 Section 15. Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or
unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation, each portion of any Section of this Agreement containing any such provision
held to be invalid, illegal or unenforceable that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by applicable law; (b) such
provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions of this Agreement
(including, without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to
the intent manifested thereby. 
 Section 16. Enforcement. 

(a) The Corporation expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in
order to induce Indemnitee to serve as a director, officer, employee or agent of the Corporation, and the Corporation acknowledges that Indemnitee is relying upon this Agreement in serving as a director, officer, employee or agent of the
Corporation. 
 (b) This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and
supersedes all prior agreements and 

  
 12 

 
understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided, however, that this Agreement is a supplement to and in
furtherance of the Certificate of Incorporation, the Bylaws and applicable law, and shall not be deemed a substitute therefore, nor diminish or abrogate any rights of Indemnitee thereunder. 

Section 17. Modification and Waiver. No supplement, modification or amendment of this Agreement shall be binding unless executed in
writing by the parties thereto. No waiver of any of the provisions of this Agreement shall be deemed to be or shall constitute a waiver of any other provision of this Agreement nor shall any waiver constitute a continuing waiver. 

Section 18. Notices. All notices, requests, demands and other communications under this Agreement shall be in writing and shall be
deemed to have been duly given if (a) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, (b) mailed by certified or registered mail with postage prepaid, on the third
business day after the date on which it is so mailed, (c) mailed by reputable overnight courier and receipted for by the party to whom said notice or other communication shall have been directed or (d) sent by facsimile transmission, with
receipt of oral confirmation that such transmission has been received: 
 (a) If to Indemnitee, at such address as Indemnitee shall provide
to the Corporation. 
 (b) If to the Corporation to: 

  Parsley Energy, Inc. 

  303 Colorado Street, Suite 3000 

  Austin, Texas 78701 

  Attention: Board of Directors 

or to any other address as may have been furnished to Indemnitee by the Corporation. 

Section 19. Contribution. To the fullest extent permissible under applicable law, if the indemnification provided for in this
Agreement is unavailable to Indemnitee for any reason whatsoever, the Corporation, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for Liabilities or for Expenses, in connection with any claim
relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received by the Corporation and
Indemnitee as a result of the event(s) and transaction(s) giving cause to such Proceeding; and (ii) the relative fault of the Corporation (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s) and
transaction(s). 
 Section 20. Applicable Law and Consent to Jurisdiction. This Agreement and the legal relations among the
parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. Except with respect to any arbitration commenced by Indemnitee pursuant to Section 12(a) of
this Agreement, the Corporation and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall be 

  
 13 

 
brought only in the Chancery Court of the State of Delaware (the “Delaware Court”), and not in any other state or federal court in the United States of America or any court in
any other country, (ii) consent to submit to the exclusive jurisdiction of the Delaware Court for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) waive any objection to the laying of venue of
any such action or proceeding in the Delaware Court, and (iv) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Delaware Court has been brought in an improper or inconvenient forum. 

Section 21. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be
deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this
Agreement. 
 Section 22. Miscellaneous. Use of the masculine pronoun shall be deemed to include usage of the feminine pronoun where
appropriate. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction thereof. 

[Signatures Follow] 

  
 14 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the day and year
first above written. 
  

									
	PARSLEY ENERGY, INC.	 		 	INDEMNITEE
				
	By:	 	 /s/ Colin Roberts
	 		 	 /s/ Ronald Brokmeyer

	Name:	 	Colin Roberts	 		 	Name:	 	Ronald Brokmeyer
	Title:	 	Vice President—General Counsel	 		 	Title:	 	Director

 Signature Page to Indemnification AgreementEXHIBIT 4.31

 

	Mr R A Franklin

[Address]	

 

25 September 2015

 

Dear Roy

 

Appointment as Non-Executive Director

 

I am writing to set out the terms of your proposed
appointment as a non-executive director of Amec Foster Wheeler plc (the “Company”), subject to the terms and
conditions of this letter, as follows:

 

		1	Appointment.

 

		1.1	Your appointment is subject to the provisions of the Companies Act 2006, general law, the Listing,
Prospectus, Disclosure and Transparency Rules of the Financial Conduct Authority and the Articles.

 

		1.2	Your appointment will take effect on 1 January 2016. Under the Articles you will be obliged to
retire at the next AGM (which we expect to be held on 27 April 2016 but will be eligible for re-election by shareholders at that
meeting.

 

		1.3	Thereafter (and despite anything to the contrary in the Articles) in line with the recommendations
of Provision B.7.1 of the UK Corporate Governance Code, you will be required to retire at each AGM. On your retirement at any such
AGM, you will be eligible for re-election unless the Board determines otherwise, typically not later than the date of notice of
any such meeting. If the Company chooses not to comply with Provision B.7.1 of the UK Corporate Governance Code, under the Articles
you will be required to retire in the third calendar year following the AGM at which you were first elected, or subsequently re-elected,
as a director by the shareholders of the Company.

 

		1.4	Subject to the terms set out in this letter and to the Articles, typically you will be expected
to serve two three-year terms, although the Board may invite you to serve for an additional period of 3 years.

 

		1.5	The Board may require you to resign at any time, subject to written notice. You are referred to
Article 76(e) of the Articles which reflects the Board’s rights in this respect.

    	 

    	

    

		2	Committees

 

		2.1	This letter refers to your appointment as a non-executive director of the Company.

 

		2.2	Your appointment to committees of the Board entails separate responsibilities as detailed in the
enclosed terms of reference of the relevant committees. It is intended that, upon appointment, you will join the Nominations Committee
and any other key committees as may be requested from time to time.

 

		3	Time Commitment

 

		3.1	Overall we anticipate a time commitment of around twenty (20) days per annum on average after the
induction phase, but a greater time commitment could be necessary at times, particularly when travelling on Group business or in
the case of unexpected events.

 

		3.2	This will include attendance at regular Board meetings, the AGM and other general meetings of shareholders
or any class of shareholders, separate meetings of non-executive directors (where required) led by the Chairman or the senior independent
director, one annual Board away day and at least one site visit per year, which will usually be overseas, and (subject to your
appointment) attending or chairing, as relevant, meetings of any committees of the Board to which you are appointed.

 

		3.3	In addition, you will be expected to devote appropriate preparation time ahead of each meeting
and such other time as is reasonably required to discharge your duties as a director (for example if the Company is involved in
increased activity because it is involved in a major transaction).

 

		3.4	By accepting this appointment, you confirm that you are able to allocate sufficient time to meet
the expectations of your role to the satisfaction of the Board. The agreement of the Board should be sought before accepting additional
commitments that might affect the time you are able to devote to your role as a non-executive director of the Company.

 

		4	Role and Duties

 

		4.1	General Duties

 

		4.1.1	Your duties will be those normally required of a non-executive director of a UK listed company.

 

		4.1.2	In particular, you should have regard to the Guidance on Board Effectiveness, issued by the Financial
Reporting Council in March 2011, of which an extract is included in Schedule 1 of this letter.

 

		4.1.3	All directors must take decisions objectively in the interests of the Company and not do anything
which is harmful to the Company or its business.

    	 

    	

    

		4.1.4	All directors are expected to comply with the Company’s policies from time to time in force
including, in particular, the Company’s Code of Business Conduct.

 

		5	Status of Appointment

 

			You will not be an employee of the Company or any member of the Group and this letter shall not
constitute a contract of employment. This letter sets out the only payments you will receive for performing your duties. Accordingly,
no other remuneration or benefits will be provided and, in particular, you will not participate in any of the Company’s or
Group’s remuneration or benefit programmes, arrangements, schemes or plans.

 

		6	Fees

 

		6.1	In consideration of the appointment, the Company will pay you a fee £60,500 and sub-paragraphs
6.2 to 6.6 below shall apply to your fee except where otherwise provided in the Articles.

 

		6.2	Your fee is inclusive of service on any Board committee but additional fees may be payable in the
event of you being asked to chair any Board committees.

 

		6.3	Your fee will accrue on a daily basis and will be paid quarterly by bank credit transfer in advance
on or about the 28th day of December for Q1, 28th March for Q2, 28th June for Q3 and 28th
September for Q4 less any UK and/or overseas tax and national insurance contributions and/or social security contributions the
Company is obliged to deduct.

 

		6.4	Your fee(s) will be subject to an annual review by the Board, with the next review due on 1 January
2016.

 

		6.5	If for a reason related to your illness, disability or injury, you are unable to carry out your
duties, payment of any fee(s) during any period of incapacity will be at the discretion of the Board.

 

		6.6	Any specific and additional services rendered by you to the Company will be remunerated on the
basis to be agreed by the Board at the time such services are commissioned.

 

		7	Reimbursement of Expenses

 

		7.1	The Company will reimburse you in accordance with the Articles and any expenses procedures from
time to time in force for any reasonable expenses properly incurred in performing your duties, which will include overseas air
travel at up to business class in respect of meetings which you are required to attend pursuant to clause 3.1. All expenses must
be properly documented.

    	 

    	

    

		8	Independent status

 

		8.1	The Board has determined you to be independent upon joining the Company according to provision
B.1.1 of the UK Corporate Governance Code. As an independent director it is important that you remain independent in character
and judgement.

 

		8.2	You are required to inform the Company Secretary of any circumstances which are likely to affect,
or could appear to affect, your judgement and therefore your status as an independent director.

 

		9	Outside Interests

 

		9.1	It is accepted and acknowledged that you have business interests other than those of the Company.
As a condition to your appointment commencing you are required to declare any such directorships, appointments and interests to
the Board in writing and by accepting this appointment you confirm that you have complied with this condition.

 

		9.2	If you take on any additional interests or become aware of any potential conflicts of interests,
these must be disclosed to the Board as soon as they arise or become known to you.

 

		9.3	If at any time you are considering taking on any additional interests which might give rise to
a conflict of interest with the Group you must first discuss the matter with the Board and, if necessary, obtain its consent. Before
doing so, it may be advisable to discuss the matter directly with the Chairman and the Chief Executive.

 

		10	Confidentiality

 

		10.1	You will not use or disclose to any person, firm or organisation (except as required by law or
to carry out your duties under this letter) any trade secrets, knowhow, business information or other private or confidential information
relating to the business, finances or affairs of the Company or Group, or any customer of the Company or Group, or any other information
provided to you on the basis that it is confidential. You will use your best endeavours to prevent the unauthorised use or disclosure
of any such information. This restriction will continue to apply after your appointment ends without limit in time but will not
apply to information which becomes public, unless through unauthorised disclosure by you. After your appointment ends you will
return all documents and information (whether written, visual or electronic) under your control which belong to the Company or
Group.

 

		10.2	Paragraph 10.1 will apply (with the necessary amendments) to confidential information of each company
in the Group and of any other persons. At the Company’s request, you will enter into a separate agreement or undertaking
with any such company and such other persons in the same terms as paragraph 10.1 with any necessary amendments.

    	 

    	

    

		11	Induction and training

 

		11.1	Immediately after your appointment to the Board, the Company will provide a comprehensive, formal
and tailored induction. We will also arrange for site visits and meetings with key senior management and the Company’s auditors
and other relevant key external advisors. We will also offer to major shareholders the opportunity to meet you.

 

		11.2	In compliance with the Company’s obligations under the UK Corporate Governance Code the Chairman
will meet with you regularly to discuss and agree your training and development needs. The Company Secretary and Group HR Director
are available to assist in identifying appropriate means for meeting agreed needs.

 

		12	Review process

 

The performance of individual directors
and the whole Board and its committees is evaluated annually. If, in the interim, there are any matters which cause you concern
about your role you should discuss them with the Chairman as soon as is appropriate.

 

		13	Directors’ Liability Indemnity and Insurance

 

		13.1	You are entitled to the benefit of the indemnity against directors’ liability (subject to
any restrictions imposed by law or agreed amongst the shareholders of the Company), a draft of which is enclosed with this letter.

 

		13.2	The Company has directors’ and officers’ liability insurance and currently
intends to maintain such cover for the full term of your appointment.

 

		14	Independent professional advice

 

Occasions may arise when you consider that you need professional advice in the furtherance of your duties as a director and it may be appropriate for you to consult independent advisers at the Company’s expense. The Company will reimburse the full cost of expenditure reasonably incurred in accordance with and subject to the terms of the Company’s policy. You are invited to discuss any proposed engagement with the Company Secretary in advance.

 

		15	Disclosure and Dealings in Shares

 

	 	15.1	Under the Companies Act 2006, where a director of a company is in any way, directly
or indirectly, interested in a proposed transaction or arrangement with the Company or one that has been entered into by the Company,
he or she must declare the nature and extent of that interest. You may give any such notice at a meeting of the directors, in
writing or by general notice.

    	 

    	

    

		15.2	During the continuance of your appointment you will be expected to comply (and to procure that
your spouse and dependant children comply) where relevant with any rule of law or regulation of any competent authority or of the
Company from time to time in force in relation to dealings in shares, debentures and other securities of the Company and unpublished
price sensitive information affecting the shares, debentures and other securities of the Company.

 

		15.3	The Company currently has no share ownership requirements for non-executive directors.

 

		16	Companies House formalities

 

		Form APO1, prescribed by the Companies Act 2006, has to be filed at Companies House. We will
                                                                                make the necessary arrangements using the information you have provided.

 

		17	Termination

 

		17.1	You may resign from your position as a director at any time and, should you wish to do so, we will
pay your fees and any expenses due to you up to the date on which your appointment terminates.

 

		17.2	Continuation of your appointment after retirement from office required under this letter or under
the Articles is contingent on satisfactory performance and on your re-election, as and when required, whether under the Articles
or otherwise. You will not be entitled to compensation (or payment in lieu of notice) if you are not re-elected by shareholders
following any such retirement but the Company will pay your fees and any expenses due to you up to the date of such retirement.

 

		17.3	Your appointment may also be terminated in accordance with the provisions of the Articles.

 

		18	Data protection

 

		18.1	For the purposes of the Data Protection Act 1998 (the “Act”) you consent to
the holding, processing and disclosure of personal data (including sensitive data within the meaning of the Act) provided by you
to the Company for all purposes relating to the performance of your role as a non-executive director, including for staff records,
management of health and performance issues and for payment purposes, including, where necessary, transferring information a country
or territory outside the EEA.

 

		18.2	You acknowledge that during your service you will have access to personal data and sensitive personal
data relating to employees, customers and other individuals held and controlled by the Company. You agree to comply with the terms
of the Act in relation to such data and to abide by the Company’s data protection policy issued from time to time.

    	 

    	

    

	19	Definitions
	 	 
	 	In this letter:

 

		19.1	“AGM” means the Company’s Annual General Meeting of shareholders;

 

		19.2	“Board” means the board of directors of the Company;

 

		19.3	“Articles” means the Company’s Articles of Association from time to time
in force;

 

		19.4	“Group” means the Company and any subsidiary or subsidiary undertaking or holding
company (as defined in the Companies Acts 2006) of the Company and any subsidiary or subsidiary undertaking or holding company
of any subsidiary or subsidiary undertaking or holding company of the Company; and

 

		19.5	“Listing Rules” means the listing rules made by the Financial Conduct Authority
in exercise of its functions as competent authority pursuant to Part VI of the Financial Services and Markets Act 2000.

 

	20	Governing Law

 

		This agreement and any non-contractual obligations arising out of or in connection with it is
                                                                                governed by and will be interpreted in accordance with the laws of England and Wales. Each of the parties submits to
                                                                                the exclusive jurisdiction of the Courts of England and Wales as regards any claim or matter arising under the
                                                                                Agreement.

 

Please acknowledge receipt
and acceptance of the above terms by signing and returning the enclosed copy of this letter.

 

Yours sincerely

 

/s/
John Connolly

John Connolly, Chairman

 

For and on behalf of Amec Foster Wheeler
plc

 

I hereby acknowledge receipt of and accept the
terms set out in this letter.

 

	Signed:	/s/ Roy Franklin
	 	Roy Franklin

 

	Dated:	1 October 2015

    	 

    	

    

Schedule 1

 

Guidance for Non-Executive Directors

 

(extracted from the March 2011 FRC Guidance on
Board Effectiveness)

 

A non-executive director should, on appointment,
devote time to a comprehensive, formal and tailored induction which should extend beyond the boardroom. Initiatives such as partnering
a non-executive director with an executive board member may speed up the process of him or her acquiring an understanding of the
main areas of business activity, especially areas involving significant risk. The director should expect to visit, and talk with,
senior and middle managers in these areas.

 

Non-executive directors should devote time to
developing and refreshing their knowledge and skills, including those of communication, to ensure that they continue to make a
positive contribution to the board. Being well-informed about the company, and having a strong command of the issues relevant to
the business, will generate the respect of the other directors.

 

Non-executive directors need to make sufficient
time available to discharge their responsibilities effectively. The letter of appointment should state the minimum time that the
non-executive director will be required to spend on the company’s business, and seek the individual’s confirmation
that he or she can devote that amount of time to the role, consistent with other commitments. The letter should also indicate the
possibility of additional time commitment when the company is undergoing a period of particularly increased activity, such as an
acquisition or takeover, or as a result of some major difficultly with one or more of its operations.

 

Non-executive directors have a responsibility
to uphold high standards of integrity and probity. They should support the chairman and executive directors in instilling the appropriate
culture, values and behaviours in the boardroom and beyond.

 

Non-executive directors should insist on receiving
high-quality information sufficiently in advance so that there can be thorough consideration of the issues prior to, and informed
debate and challenge at, board meetings. High-quality information is that which is appropriate for making decisions on the issue
at hand – it should be accurate, clear, comprehensive, up-to-date and timely; contain a summary of the contents of any paper;
and inform the director of what is expected of him or her on that issue.

 

Non-executive directors should take into account
the views of shareholders and other stakeholders, because these views may provide different perspectives on the company and its
performance.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00256-of-00352.parquet"}]]