Document:

Exhibit 10.5

THIS WARRANT AND THE SHARES OF COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1931, AS AMENDED, AND APPLICABLE STATE SECURITIES LAWS. THIS WARRANT AND THE COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT MAY BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED.

Right to Purchase:  Up to five and one-third percent of issued and outstanding shares of Common Stock of ECOLOCAP SQLUTIONS INC. at the time of exercise of this Warrant (subject to adjustment as provided herein) (the "Warrant Share Amount").

COMMON STOCK PURCHASE WARRANT

No.: 3,  Issue Date:  December 19, 2016

ECOLOCAP SOLUTIONS, INC., a corporation organized under the laws of the State of NEVADA, hereby certifies that, for value received Lakeshore Recycling Systems, LLC, ("LRS"), is entitled, subject to the terms set forth below, to purchase from the Company (as defined herein) at any time after the Issue Date, fully paid and non-assessable shares of Common Stock (as hereinafter defined), $0.0001 par value per share equal to the Warrant Share Amount, at the applicable Exercise Price per share (as defined below). The number and character of such shares of Common Stock and the applicable Exercise Price per share are subject to adjustment as provided herein.

1.            Definitions.  As used herein the following terms, unless the context otherwise requires, have the following respective meanings:

(a)            The term "Common Stock" includes (i) the Company's common stock, par value $0.0001 per share; and (ii) any other securities into which or for which any of the securities described in the preceding clause (i) may be convened or exchanged pursuant to a plan of recapitalization, reorganization, merger, sale of assets or otherwise.

(b)            The term "Company" shall include EcoloCap Solutions, Inc., a Nevada corporation, and any person or entity which shall succeed, or assume the obligations of, EcoloCap Solutions, Inc. hereunder.

(c)            The "Exercise Price" applicable under this Warrant shall be $0.005 per share.

(d)            The "Exercise Time" for the Warrant is the period between March 31, 2017 and December 15, 2026.

(e)            The term "Other Securities" refers to any stock (other than Common Stock) and other securities of the Company or any other person (corporate or otherwise) which LRS at any time shall be entitled to receive, or shall have received, on the exercise of the Warrant, in lieu of or in addition to Common Stock, or which at any time shall be issuable or shall have been issued in exchange for or in replacement of Common Stock or Other Securities pursuant to Section 4 or otherwise.

(f)            The term "Trading Day" means any day during which the principal market on which the Common Stock is traded shall be open for business.

2.            Exercise of Warrant.

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(a)            Number of Shares Issuable upon Exercise. ·From and after the date hereof, LRS shall be entitled to receive, upon exercise of this Warrant in whole or in part, by delivery of an original or fax copy of an exercise notice in the form attached hereto as Exhibit A (the "Exercise Notice"), shares of Common Stock of the Company, subject to adjustment pursuant to Section 4.

(b)            Fair Market Value.  For purposes hereof, the "Fair Market Value" of a share of Common Stock as of a particular date (the "Determination Date") shall mean:

(i)            If the Company's Common Stock is traded on the American Stock Exchange or another national exchange or is quoted on the National or Capital Market of The Nasdaq Stock Market, Inc. ("Nasdaq"), then the closing or last sale price; respectively, reported for the last Trading Day immediately preceding the Determination Date.

(ii)           If the Company's Common Stock is not traded on the American Stock Exchange or another national exchange or on the Nasdaq but is traded on the NASD Over the Counter Bulletin Board, then the mean of the average of the closing bid and asked prices reported for the last Trading Day immediately preceding the Determination Date.

(c)            Company Acknowledgment.  The Company will, at the time of the exercise of this Warrant, upon the request of LRS hereof acknowledge in writing its continuing obligation to afford to LRS any rights to which LRS shall continue to be entitled after such exercise in accordance with the provisions of this Warrant. If LRS shall fail to make any such request, such failure shall not affect the continuing obligation of the Company to afford LRS any such rights.

(d)            Trustee for LRS.  In the event that a· bank or trust company shall have been appointed as trustee for LRS, such bank or trust company shall have all the powers and duties of a warrant agent (as hereinafter described) and shall accept, in its own name for the account of the Company or such r successor person as may be entitled thereto, all amounts otherwise payable to the Company or such successor, as the case may be, on exercise of this Warrant pursuant to this Section 2.

(e)            Termination of Warrant.  In the event the Warrant is not exercised within the Exercise Time, the right to exercise shall terminate.

3.                Procedure for Exercise.  Delivery of Stock Certificates, Etc., on Exercise. The Company agrees that the shares of Common Stock purchased upon exercise of this Warrant shall be deemed to be issued to LES as the record owner of such shares as of the close of business on the date on whih this Warrant shall have been surrendered and payment made for such shares in accordance herewith. As soon as practicable after the exercise of this Warrant in full or in part, and in any event within lhree (3) Trading Days thereafter, the Company will cause to be issued in the name of and delivered to LRS, or as LRS (upon payment by LRS of any applicable transfer taxes) may direct in compliance with applicable securities laws, a certificate or certificates for the number of duly and validly issued, fully paid and non-assessable shares of Common Stock (or Other Securities) to which LRS shall be entitled on such exercise, plus, in lieu of any fractional share to which LRS would otherwise be entitled, cash equal to such fraction multiplied by the Exercise Price of one full share, together with any other stock or other securities and property (including cash, where applicable) to which LRS is entitled upon such exercise pursuant to Section 2 or otherwise.

4.                Exercise Procedure.  Payment of the Exercise Price shall be made at the option of LRS by one or more of the following methods: (i) by delivery of a certified or official bank check in the amowtt of such Exercise Price, (ii) by instructing the Company to withhold a number of shares of Colllmon Stock then issuable upon exercise of this Warrant with an aggregate Fair Market Value equal to

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such Exercise Price (the "Share Withholding Option"), or (iii) by surrendering to the Company shares of Common Stock previously acquired by LRS with an aggregate Fair Market Value equal to such Exercise Price, In the event of any withholding of shares of Common Stock or surrender of shares of Common Stock pursuant to clause (ii) or (iii) above where the number of shares whose Fair Market Value is equal to the Exercise Price is not a whole number, the number of shares of Common Stock withheld by or surrendered to the Company shall be rounded up to the nearest whole share and the Company shall make a cash payment to LRS based on the incremental fraction of a share being so withheld by or surrendered to the Company. The exercise of this Warrant by LRS may require the Company to file a Current Report on Form 8-K.

5.                Effect of Reorganization. Etc.  If any (i) reorganization or reclassification of Common Stock, (ii) consolidation or merger of the Company with or into another corporation, or (iii) sale of all or substantially all of the Company's operating assets to another corporation followed by a liquidation of the Company (any such transaction shall be referred to herein as an "Event"), is effected in such a way that holders of Common Stock are entitled to receive securities and/or assets as a result of their Common Stock ownership, LRS, upon exercise of this Warrant, shall be entitled to receive such shares. of stock, securities or assets which LRS would have received had it fully exercised this Warrant on or prior the record date for such Event. The Company shall not merge into or consolidate with another corporation or sell all of its assets to another corporation for consideration consisting primarily of securities of such corporation, unless the successor or acquiring corporation, as the case may be, shall expressly assume the due and punctual observance and performance of each and every covenant and condition of this Warrant to be performed or observed by the Company and all of the obligations and liabilities hereunder, subject to such modification (determined by resolution of the Board of Directors of the Company) in order to provide for adjustments which shall be as nearly equivalent as practicable to the adjustments provided for in this Section 5. The foregoing provisions shall similarly apply to successive Events.

6.                No Impairment.

(a)            The Company shall not by any action, including, without limitation, amending its charter documents or through any reorganization, reclassification, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other similar voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such actions as may be necessary or appropriate to protect the rights of LRS against impairment. Without limiting the generality of the foregoing, the Company shall take all such action as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable the shares of Common Stock upon the exercise of this Warrant, free and clear of all liens, and shall use its best efforts to obtain all such authorizations, exemptions or consents from any public regulatory body having jurisdiction thereof as may be necessary to enable the Company to perform its obligations under this Warrant.

(b)            The Company shall not at any time, except upon dissolution, liquidation or winding up of the Company, close its share transfer books or Warrant transfer books so as to result in preventing or delaying the exercise or transfer of this Warrant.

7.                Reservation of Stock, Etc., Issuable on Exercise of Warrant.  The Company will not need to reserve and keep available for issuance and delivery on the exercise of this Warrant, shares of Common Stock (or Other Securities) in excess of the Warrant Share Amount.

8.                Assignment Exchange of Warrant. Subject 1.0 compliance with applicable securities laws, this Warrant, and the rights evidenced hereby, may be transferred by LRS hereof (a "Transferor") in whole or in part. On the surrender for exchange of this Warrant, with the Transferor's endorsement in the

	
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form of Exhibit B attached hereto (the "Transferor Endorsement Form") and together with evidence reasonably satisfactory to the Company demonstrating compliance with applicable securities laws, which shall include, without limitation, the provision of a legal opinion from the Transferor's counsel (at LRS's expense) that such transfer is exempt from the registration requirements of applicable securities laws, the Company at its expense, with payment by the Transferor of any applicable transfer taxes, will issue and deliver to or on the order of the Transferor thereof a new Warrant of like tenor, in the name of the Transferor and/or the transferee(s) specified in such Transferor Endorsement Form (each a "Transferee"), calling in the aggregate on the face or faces thereof for the number of shares of Common Stock called for on the face or faces of the Warrant so surrendered by the Transferor.

9.                Replacement of Warrant.  On receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant and, in the case of any such loss, theft or destruction of this Warrant, on delivery of an indemnity agreement or security reasonably satisfactory in form and amount to the Company or, in the case of any such mutilation, on surrender and cancellation of this Warrant, the Company at its expense will execute and deliver, in lieu thereof, a new Warrant of like tenor.

10.            Remedies.  LRS, in addition to being entitled to exercise its rights granted by law, including recovery of damages, shall be entitled to specific performance of its rights provided under this Warrant. The Company agrees that monetary damages would not be adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees, in an action for specific performance, to waive the defense that a remedy at law would be adequate.

11.            Registration Rights.-Intentionally left blank.

12.      Warrant Agent.  The Company transfer agent of record will act as agent for the purpose of issuing Common Stock (or Other Securities) on the exercise of this Warrant pursuant to Section 2, exchanging this Warrant and replacing this Warrant pursuant to Section 7, 8 and 9, or any of the foregoing, and thereafter any such issuance, exchange or replacement, as the case may be, shall be made at such office by such agent.

13.            Transfer on the Company's Books.  Until this Warrant is transferred on the books of the Company, the Company may treat LRS as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.

14.            Notices, Etc.  All notices and other communications from the Company to LRS shall be mailed by first class registered or certified mail, postage prepaid, at such address as may have been furnished to the Company in writing by LRS.

15.            Miscellaneous.

(a)            This Warrant and any term hereof may be changed, waived, discharged or terminated only by an instrument in writing signed by the party against which enforcement of such change, waiver, discharge or termination is sought. THIS WARRANT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF ILLINOIS WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS. ANY ACTION BROUGHT CONCERNING THE TRANSACTIONS CONTEMPLATED BY THIS WARRANT SHALL BE BROUGHT ONLY IN THE STATE COURTS OF ILLINOIS OR IN THE FEDERAL COURTS LOCATED IN THE STATE OF ILLINOIS.

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(b)            The individuals executing this Warrant on behalf of the Company agree to submit to the jurisdiction of such courts and waive trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorneys' fees and costs. In the event that any provision of this Warrant is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of this Warrant. The headings in this Warrant are for purposes of reference only, and shall not limit or otherwise affect _any of the terms hereof. The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provision 'hereof. The Company acknowledges that legal counsel participated in the preparation of this Warrant and, therefore, stipulates that the rule of construction that ambiguities ate to be resolved against the drafting party shall not be applied in the interpretation of this Warrant to favor any party against the other party.

(Signature Page Follows)

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IN WITNESS WHEREOF, the Company has executed this Warrant as of the date first written above.

	 	
ECOLOCAP SOLUTIONS, INC.

	 	 
	 	 
	 	 	 
	 	
By:

	
MICHAEL SIEGEL

	 	
Its:

	
CEO

	 	
Witness:

	
JEUNG KWAK

SIGNATURE PAGE TO WARRANT

	
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EXHIBIT A

FORM OF SUBSCRIPTION

(To Be Signed Only On Exercise of Warrant)

TO: EcoloCap Solutions, Inc.

Attention: Chief Financial Officer

l.            The undersigned, pursuant to the provisions set forth in the attached Warrant (No.), hereby irrevocably elects to purchase (check applicable box):

(a)            shares of the Common Stock covered by such Warrant; or

(b) the maximum number of shares of Common Stock covered by such Warrant The undersigned herewith makes payment of the full Exercise Price for such shares at the price per share provided for in such Warrant, which is $______.

Such payment takes the form of lawful money of the United States.

The undersigned requests that the certificates for such shares be issued in the name of, and delivered to whose address is:

__________________________

__________________________

__________________________

The undersigned represents and warrants that all offers and sales by the undersigned of the securities issuable upon exercise of the within Warrant shall be made pursuant to registration of the Common Stock under the Securities Act of 1933, as amended (the "Securities Act") or pursuant to an exemption from registration under the Securities Act.

Dated:    ____________________________________________________________                                                                  

(Signature must conform to name of LRS as specified on the face of the Warrant)

Address:  ____________________________________________________________                                                                                                

	
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EXHIBIT B

FORM OF TRANSFEROR ENDORSEMENT

(To Be Signed Only On Transfer of Warrant)

For value received, the undersigned hereby sells, assigns, and transfers unto the person(s) named below under the heading "Transferees" the right represented by the within Warrant to purchase the percentage and number of shares of Common Stock of EcoloCap Solutions, Inc. into which the within Warrant relates specified under the headings "Percentage Transferred" and "Number Transferred," respectively, opposite the name(s) of such person(s) and appoints each such person Attorney to transfer its respective right on the books of EcoloCap Solutions, Inc. with full power of substitution in the premises.

Percentage    __________________   Number  _________________

Transferees  _______________  Address Transferred  ________________________________  Transferred  ____________________

Dated:    ____________________________________________________________

(Signature must conform to name of LRS as specified on the face of the Warrant)

Address:  

__________________________

__________________________

__________________________

SIGNED IN THE PRESENCE OF:

_______________________________________

(Name)

ACCEPTED AND AGREED: [TRANSFEREE]

_______________________________________

(Name)

	
7362911_2EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
 PLAN SUPPORT
AGREEMENT 
 This PLAN SUPPORT AGREEMENT (as amended, supplemented, or otherwise modified from time to time, this
“Plan Support Agreement”) dated December 22, 2016 is made between: 
  

	 	(a)	 Memorial Production Partners LP (“Memorial Parent”), a Delaware limited partnership, and each
of its undersigned subsidiaries that are parties hereto (each, a “Memorial Party” and collectively, the “Memorial Parties”), including Memorial Production Finance Corporation (“MPFC”) and Memorial
Production Operating LLC; and 

  

	 	(b)	 the undersigned beneficial holders, or investment advisers or managers for the account of beneficial holders,
of the (i) 6.875% Senior Unsecured Notes due 2022 (the “6.875% Senior Unsecured Notes”) issued under that certain indenture dated as of July 17, 2014, between Memorial Parent and MPFC, as issuers, each of the guarantors party
thereto, and Wilmington Trust, National Association, as successor trustee (such indenture, as amended, modified, or otherwise supplemented from time to time, the “6.875% Senior Unsecured Note Indenture”), together with their
respective successors and permitted assigns and any holder of 6.875% Senior Unsecured Notes that subsequently becomes a party hereto in accordance with the terms hereof (collectively, the “Consenting 6.875% Senior Unsecured
Noteholders”), and (ii) 7.625% Senior Unsecured Notes due 2021 (the “7.625% Senior Unsecured Notes” and, together with the 6.875% Senior Unsecured Notes, the “Unsecured Notes”) issued under that certain
indenture dated as of April 17, 2013, between Memorial Parent and MPFC, as issuers, each of the guarantors party thereto, and Wilmington Trust, National Association, as successor trustee (such indenture, as amended, modified, or otherwise
supplemented from time to time, the “7.625% Senior Unsecured Note Indenture” and, together with the 6.875% Senior Unsecured Note Indenture, the “Unsecured Note Indentures”), together with their respective successors
and permitted assigns and any holder of 7.625% Senior Unsecured Notes that subsequently becomes a party hereto in accordance with the terms hereof (collectively, the “Consenting 7.625% Senior Unsecured Noteholders” and, together
with the Consenting 6.875% Senior Unsecured Noteholders, the “Consenting Noteholders”) that are members of the ad hoc group of holders of Unsecured Notes Claims (the “Ad Hoc Group”) that is represented by Davis
Polk & Wardwell LLP (“Davis Polk”) and Miller Buckfire & Co., LLC. 

Each of the Memorial Parties, Consenting Noteholders, and any subsequent person or entity that becomes a party hereto in
accordance with the terms hereof are referred to collectively herein as the “Parties” and each individually as a “Party.” 

WHEREAS, the Parties have agreed to undertake a financial restructuring of the Memorial Parties (the
“Restructuring”) which is anticipated to be effected through a prepackaged or prenegotiated plan of reorganization (including any schedules and exhibits attached thereto, the “Plan”) on terms and conditions set
forth in the term sheet attached hereto 

 
as Exhibit A (including any schedules and exhibits attached thereto, the “Restructuring Term Sheet”), and the commencement by each Memorial Party of a voluntary
case (collectively, the “Chapter 11 Cases”) under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the Southern District of Texas or, with the consent of the Requisite Noteholders (as
defined below), any other jurisdiction that the Memorial Parties choose (the “Bankruptcy Court”). 

WHEREAS, as of the date hereof, the Consenting 6.875% Senior Unsecured Noteholders, in the aggregate, hold
approximately 63.4% of the aggregate outstanding principal amount of 6.875% Senior Unsecured Notes. 
 WHEREAS, as of
the date hereof, the Consenting 7.625% Senior Unsecured Noteholders, in the aggregate, hold approximately 40.7% of the aggregate outstanding principal amount of 7.625% Senior Unsecured Notes. 

WHEREAS, as of the date hereof, the Consenting Noteholders, in the aggregate, hold approximately 50.2% of the aggregate
outstanding principal amount of Unsecured Notes. 
 WHEREAS, the Parties desire to express to each other their mutual
support and commitment in respect of the Restructuring, including matters discussed in the Restructuring Term Sheet and hereunder. 

NOW, THEREFORE, in consideration of the premises and the mutual covenants and agreements set forth herein, and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, agree as follows: 

1.    Certain Definitions. 

Capitalized terms used herein but not otherwise defined shall have the meaning set forth in the Restructuring Term Sheet. As
used in this Plan Support Agreement, the following terms have the following meanings: 

(a)    “Claim” has the meaning set forth in section 101(5) of the Bankruptcy Code. 

(b)    “Cash Collateral Order” means the Bankruptcy Court order authorizing the Memorial
Parties to use prepetition collateral and cash collateral in form and substance reasonably acceptable to the Memorial Parties and the Requisite Noteholders. 

(c)    “Definitive Documents” means the documents (including any related agreements,
instruments, schedules, or exhibits) that are necessary or desirable to implement, or otherwise relate to, the Restructuring, including this Plan Support Agreement, the Plan (including any plan supplements), the Disclosure Statement, any order
approving the Disclosure Statement, and any order confirming the Plan, in each case on terms and conditions consistent with the Restructuring Term Sheet and otherwise in form and substance reasonably satisfactory to the Memorial Parties and the
Requisite Noteholders. 

  
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 (d)    “Effective Date” means the date upon
which all the conditions to the effectiveness of the Plan have been satisfied or waived in accordance with its terms. 

(e)    “Plan Support Effective Date” means the date on which counterpart signature pages
to this Plan Support Agreement shall have been executed and delivered by the Memorial Parties and Consenting Noteholders. 

(f)    “Plan Support Period” means the period commencing on the Plan Support Effective
Date and ending on the earlier of the (i) date on which this Plan Support Agreement is terminated in accordance with Section 6 hereof and (ii) the Effective Date. 

(g)    “Requisite Noteholders” means, as of the date of determination, Consenting
Noteholders holding at least a majority of the outstanding principal amount of the Unsecured Notes held by Consenting Noteholders as of such date. 

(h)    “SEC” means the United States Securities and Exchange Commission. 

(i)    “Securities Act” shall mean the Securities Act of 1933, as amended. 

(j)    “Solicitation” means the solicitation of votes for the Plan pursuant to, and in
compliance with, the Bankruptcy Code and any applicable nonbankruptcy law, rule, or regulation governing the adequacy of disclosure in connection with such solicitation. 

(k)    “Supermajority Noteholders” means, as of the date of determination, Consenting
Noteholders holding at least 66 and 2/3% of the outstanding principal amount of the Unsecured Notes outstanding under the Unsecured Note Indentures. 

2.    Restructuring Term Sheet. The material terms and conditions of the
Restructuring are set forth in the Restructuring Term Sheet; provided that the Restructuring Term Sheet is supplemented by the terms and conditions of this Plan Support Agreement. In the event of any inconsistencies between the
Restructuring Term Sheet and this Plan Support Agreement, the terms of the Restructuring Term Sheet shall govern. 

3.    Bankruptcy Process; Plan of Reorganization. 

(a)    Commencement of the Chapter 11 Cases. Each Memorial Party hereby agrees that, as soon as
reasonably practicable, but in no event later than January 16, 2017, such Memorial Party shall file with the Bankruptcy Court a voluntary petition for relief under chapter 11 of the Bankruptcy Code and any and all other documents necessary to
commence the Chapter 11 Case of such Memorial Party. 
 (b)    Filing of the Plan. On the
Petition Date (as defined in Section 6), the Memorial Parties shall file the Plan along with the Disclosure Statement in respect to the Plan with the Bankruptcy Court. 

(c)    Confirmation of the Plan. Each Memorial Party shall use its commercially reasonable efforts
to obtain confirmation of the Plan as soon as reasonably practicable after the Petition Date (as defined in Section 6) in accordance with the Bankruptcy Code and on terms consistent with this Plan Support Agreement, and
each Consenting Noteholder shall use its commercially reasonable efforts to cooperate fully in connection therewith. 

  
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 4.    Agreements of the Consenting Noteholders.

 (a)    Agreement to Vote. During the Plan Support Period, subject to the terms and
conditions hereof, each Consenting Noteholder agrees that it shall, subject to the receipt by such Consenting Noteholder of the Disclosure Statement and other solicitation materials in respect of the Plan: 

(i)    vote or cause to be voted its Claims against the Memorial Parties to accept the Plan
by delivering its duly executed and completed ballots accepting the Plan on a timely basis as soon as reasonably practicable after receiving the ballots; provided that such vote shall be immediately revoked by all Consenting
Noteholders and deemed void ab initio upon termination of this Plan Support Agreement before the consummation of the Plan pursuant to the terms hereof; 

(ii)    not change or withdraw (or cause to be changed or withdrawn) any such vote; and

 (iii)    not (A) object to, delay, impede, or take any other action to interfere
with acceptance or implementation of the Plan, (B) directly or indirectly solicit, encourage, propose, file, support, participate in the formulation of or vote for, any restructuring, sale of assets, merger, workout, or plan of reorganization
for any of the Memorial Parties other than the Plan, or (C) otherwise take any action that would interfere with, delay, or postpone the consummation of the Restructuring. 

(b)    Transfers. 

(i)    During the Plan Support Period, each Consenting Noteholder agrees, solely with
respect to itself, that such Consenting Noteholder shall not sell, transfer, loan, issue, pledge, assign, or otherwise dispose of (each, a “Transfer”), directly or indirectly, in whole or in part, any of its Unsecured Notes Claims
(including grant any proxies, deposit any interest in the Unsecured Notes Claims into a voting trust or enter into a voting agreement with respect to any such Unsecured Notes Claims), unless the transferee thereof is either (A) a Consenting
Noteholder or (B) before such Transfer is effective, (x) represents that it does not own, directly or indirectly, any Memorial Parent Interests, (y) agrees in writing for the benefit of the Parties to become a Consenting Noteholder,
and (z) agrees to be bound by all of the terms of this Plan Support Agreement applicable to Consenting Noteholders (including with respect to any and all Unsecured Notes Claims it already may hold before such Transfer) by executing a joinder
agreement substantially in the form attached hereto as Exhibit B (a “Joinder Agreement”), and delivering an executed copy thereof within two (2) business days after such execution to (1) Weil,
Gotshal & Manges LLP (“Weil”), counsel to the Memorial Parties and (2) Davis Polk, counsel to the Ad Hoc Group, in which event, upon compliance with the foregoing, (x) the transferee (including the Consenting
Noteholder transferee, if applicable) shall be deemed to be a Consenting Noteholder hereunder to the 

  
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extent of such transferred rights and obligations and shall be deemed to make all of the representations, warranties, and covenants of a Party, as applicable, set forth in this Plan Support
Agreement and (y) the transferor shall be deemed to relinquish its rights (and be released from its obligations) under this Plan Support Agreement to the extent of such transferred rights and obligations; provided that this
Section 4(b)(i) shall not apply to the grant of any liens or encumbrances in favor of a bank or broker-dealer holding custody of securities in the ordinary course of business and which lien or encumbrance is released upon the Transfer of such
securities. Each Consenting Noteholder agrees that any Transfer of any Unsecured Notes Claims that does not comply with the terms and procedures set forth herein shall be deemed void ab initio and shall not create any obligation or liability
of any Party to the purported transferee, and the applicable Memorial Party and each other Consenting Noteholder shall have the right to enforce the voiding of such Transfer. Any Consenting Noteholder that effectuates a Transfer in compliance with
the foregoing shall have no liability under this Plan Support Agreement arising from or related to the failure of the transferee to comply with the terms of this Plan Support Agreement. 

(ii)    Notwithstanding Section 4(b)(i): (A) a Consenting Noteholder may settle or
deliver any Unsecured Notes Claims to settle any confirmed transaction pending as of the date of such Consenting Noteholder’s entry into this Plan Support Agreement (subject to compliance with applicable securities laws and it being understood
that such Unsecured Notes Claims so acquired and held (i.e., not as a part of a short transaction) shall be subject to the terms of this Plan Support Agreement); (B) a Consenting Noteholder may Transfer its Unsecured Notes Claims to an entity that
is acting in its capacity as a Qualified Marketmaker without the requirement that the Qualified Marketmaker become a Party; provided that (1)(x) such Qualified Marketmaker must Transfer such right, title, or interest in such Unsecured
Notes before the plan voting deadline and (y) any subsequent Transfer by such Qualified Marketmaker of the right, title, or interest in such Unsecured Notes is to a transferee that is or becomes a Consenting Noteholder at the time of such
transfer, or (2) the Qualified Marketmaker will be required to execute and deliver a Joinder Agreement; and (C) to the extent that a Consenting Noteholder is acting in its capacity as a Qualified Marketmaker, it may Transfer any right,
title, or interest in Unsecured Notes that the Qualified Marketmaker acquires from an Unsecured Noteholder who is not a Consenting Noteholder without the requirement that the transferee be or become a Consenting Noteholder or execute a Joinder
Agreement. 
 For these purposes, a “Qualified Marketmaker” means an entity that
(x) holds itself out to the public or applicable private markets as standing ready in the ordinary course of its business to purchase from customers and sell to customers Claims against the Memorial Parties (including debt securities or other
debt) or enter with customers into long and short positions in Claims against the Memorial Parties (including debt securities or other debt), in its capacity as a dealer or market maker in such Claims against the Memorial Parties, and (y) is in
fact regularly in the business of making a market in Claims against issuers or borrowers (including debt securities or other debt). 

  
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 (c)    Agreement to Contribute. So long as this Plan
Support Agreement has not been terminated in accordance with the terms hereof, each Consenting Noteholder agrees to contribute its Unsecured Notes Claims to Contribution LLC and to cause Contribution LLC to in turn contribute the Unsecured Notes
Claims to Memorial Parent NewCo and timely perform any other act in accordance with the Restructuring Transactions set forth on Annex 3 of the Restructuring Term Sheet; provided, however, that if the Consenting
Noteholders shall in the aggregate own in excess of 77% of the Unsecured Notes Claims (or such lesser percentage as Memorial Parent, after consultation with the counsel to the Ad Hoc Group, reasonably determines), the Consenting Noteholder(s) with
the least ownership shall not contribute any of their Unsecured Notes Claims, but only such holders as are necessary to bring the aggregate ownership of contributing Consenting Noteholders within such percentage ownership limit. 

(d)    Additional Claims. This Plan Support Agreement shall in no way be construed to preclude any
Consenting Noteholder from acquiring additional Unsecured Notes Claims. Each Consenting Noteholder agrees that if any Consenting Noteholder acquires additional Unsecured Notes Claims, then (i) such Unsecured Notes Claims shall be subject to
this Plan Support Agreement (including the obligations of the Consenting Noteholders under this Section 4) and (ii) after such acquisition, such Consenting Noteholder shall notify Weil of the amount and types of Claims
it has acquired (A) on no less than a monthly basis and (B) additionally, upon the reasonable request of Weil. 

(e)    Forbearance. During the period commencing on the date hereof and ending on the
termination of this Plan Support Agreement in accordance with its terms, each Consenting Noteholder hereby agrees it will not enforce, or otherwise take any action to direct enforcement of, any of the rights and remedies available to the Consenting
Noteholders (or any registered holder of Unsecured Notes) or the trustee under the Unsecured Note Indentures or the Unsecured Notes or otherwise, including, without limitation, any action to accelerate, or join in any request for acceleration of,
the Unsecured Notes (“Remedial Action”) under the Unsecured Note Indentures or the Unsecured Notes with respect to any defaults or events of default set forth on Schedule A hereto. The Consenting Noteholders hereby
request that during the Plan Support Period any applicable administrative agent or indenture trustee not take, and direct such administrative agent or indenture trustee not to take, any Remedial Action with respect to any defaults or events of
default set forth on Schedule A hereto, and shall, upon request of the Memorial Parties, provide such further direction to any administrative agent or indenture trustee as may be necessary to effectuate the intent of the foregoing. The
Consenting Noteholders further agree that if any applicable administrative agent or indenture trustee takes any action inconsistent with such Consenting Noteholder’s obligations under this Plan Support Agreement, such Consenting Noteholder
shall use its commercially reasonable efforts to require such administrative agent or indenture trustee to cease and refrain from taking any such action (including, by written notice to the indenture trustee, rescinding and canceling such
acceleration to the fullest extent permitted under the Unsecured Note Indentures). 
 The foregoing forbearance shall not be construed to
impair the ability of the Consenting Noteholders or the indenture trustee to exercise any rights or remedies under the Unsecured Note Indentures or take any Remedial Action (x) at any time after the Plan Support Period or (y) during the
Plan Support Period, for defaults or events of default other than the defaults or events of default set forth on Schedule A hereto, and, except as provided herein, nothing shall 

  
 6 

 
restrict, impair, or otherwise affect the exercise of the Consenting Noteholders’ or the indenture trustee’s rights under this Plan Support Agreement, the Unsecured Note Indentures or
the Unsecured Notes. 
 With respect to the foregoing forbearance, each Consenting Noteholder’s agreements, as provided herein, shall
immediately terminate without requirement for any notice, demand, or presentment of any kind after the Plan Support Period, and the Memorial Parties at that time shall be obligated to comply with and perform all terms, conditions, and provisions of
the Unsecured Note Indentures and the Unsecured Notes without giving effect to the forbearance, and the indenture trustee and the Consenting Noteholders may at any time thereafter proceed to exercise any and all of their rights and remedies,
including, without limitation, their rights and remedies in connection with any defaults or events of default under the Unsecured Note Indentures or rights under this Plan Support Agreement, to the extent continuing. 

For the avoidance of doubt, the forbearance set forth in this Section 4(e) shall not by implication or otherwise limit, impair,
constitute a waiver of or otherwise affect the rights and remedies of the Consenting Noteholders or the trustee under the Unsecured Note Indentures or Unsecured Notes and shall not, except as expressly set forth herein, alter, modify, amend, or in
any way affect any of the terms, conditions, obligations, covenants, or agreements contained in the Unsecured Note Indentures or the Unsecured Notes or any other provision of the Unsecured Note Indentures or the Unsecured Notes, all of which are
ratified and affirmed in all respects and shall continue in full force and effect. The forbearance set forth in this Section 4(e) shall not bar any Consenting Noteholder from filing a proof of claim or taking action to establish the amount of
its Claim. If the transactions contemplated hereby are not consummated or if this Plan Support Agreement is terminated for any reason, the Parties fully reserve any and all of their rights. 

(f)    The Consenting Noteholders agree to provide prompt written notice to the Memorial Parties between
the date hereof and the Effective Date of (i) receipt of any notice that is not publicly available of any judicial proceeding commenced, or, to the actual knowledge of any Consenting Noteholder, threatened in writing against any Consenting
Noteholder, relating to or involving or otherwise affecting in any material respect the transactions contemplated by the Restructuring, and (ii) any failure of any Consenting Noteholder to comply with or satisfy, in any material respect, any
covenant, condition, or agreement hereunder. 
 (g)    The agreements of the Consenting Noteholders in
this Section 4 shall be solely on such Consenting Noteholder’s own behalf and not on behalf of any other Consenting Noteholders and shall be several and not joint. 

5.    Agreements of the Memorial Parties. 

Prior to and during the Plan Support Period, subject to the terms and conditions hereof, each Memorial Party, jointly and
severally, agrees that it shall: 
 (a)    (i) act in good faith and use commercially reasonable efforts
to support and complete successfully the Solicitation in accordance with the terms of this Plan Support Agreement, (ii) do all things reasonably necessary and appropriate, including considering actions reasonably requested by the Requisite
Noteholders, in furtherance of confirming the Plan and 

  
 7 

 
consummating the Restructuring and the transactions contemplated thereby in accordance with, and within the time frames contemplated by, this Plan Support Agreement (including within the
deadlines set forth in Section 6); provided that no Memorial Party shall be obligated to agree to any modification of any document that is inconsistent with the Restructuring Term Sheet, (iii) not take any action
directly or indirectly that is inconsistent with, or that would reasonably be expected to prevent, interfere with, delay or impede the approval of the Disclosure Statement, the Solicitation of votes on the Plan, and the confirmation and consummation
of the Plan and the Restructuring, including soliciting or causing or allowing any of its agents or representatives to solicit any agreements relating to any chapter 11 plan or restructuring transaction (including, for the avoidance of doubt, a
transaction premised on an asset sale of substantially all of the Memorial Parties’ assets under section 363 of the Bankruptcy Code) other than the Restructuring (an “Alternative Transaction”), and (iv) not, nor encourage
any other person to, take any action which would, or would reasonably be expected to, breach or be inconsistent with this Plan Support Agreement or delay, impede, appeal, or take any other negative action, directly or indirectly, or encourage any
other entity to interfere with the acceptance or implementation of the Restructuring or delay the time frames contemplated by this Plan Support Agreement (including within the deadlines set forth in Section 6); 

(b)    (i) file on the Petition Date (as defined below) such first day motions and pleadings that are
reasonably acceptable, in form and substance, to the Requisite Noteholders, (ii) use commercially reasonable efforts to cause the Confirmation Order to become effective and enforceable immediately upon its entry and to have the period in which
an appeal thereto must be filed commence immediately upon its entry, (iii) use commercially reasonable efforts to complete and file, within the timeframes contemplated by this Plan Support Agreement, all Definitive Documents, and (iv) use
commercially reasonable efforts to obtain entry by the Bankruptcy Court of the Cash Collateral Order. 

(c)    provide draft copies of all material motions, applications, and other documents (including the Plan
and Disclosure Statement, any proposed amended version of the Plan or Disclosure Statement, and all first day pleadings) any Memorial Party intends to file with the Bankruptcy Court to Davis Polk, if reasonably practicable and applicable, at least
two (2) calendar days before the date when the applicable Memorial Party intends to file any such motion, application, or other document (and, if not reasonably practicable, as soon as reasonably practicable before filing) and shall consult in
good faith with such counsel regarding the form and substance of any such proposed filing with the Bankruptcy Court. Subject to Section 4(a), nothing in this Plan Support Agreement shall restrict, limit, prohibit, or preclude, in any manner
not inconsistent with its obligations under this Plan Support Agreement, any of the Consenting Noteholders from appearing in the Bankruptcy Court with respect to any motion, application, or other documents filed by the Memorial Parties and objecting
to, or commenting upon, the relief requested therein; 
 (d)    use commercially reasonable efforts to
obtain authority, through the Cash Collateral Order, to pay the fees and expenses of the Ad Hoc Group incurred pursuant to Section 24 hereof; 

  
 8 

 (e)    subject to professional responsibilities, timely file
with the Bankruptcy Court or any other applicable United States court a formal written objection to any motion filed with the Bankruptcy Court or any other United States court by any party seeking the entry of an order (i) directing the
appointment of an examiner with expanded powers or a trustee in any of the Chapter 11 Cases, (ii) converting any of the Chapter 11 Cases to cases under chapter 7 of the Bankruptcy Code, (iii) dismissing any of the Chapter 11
Cases, (iv) modifying or terminating Memorial Parties’ exclusive right to file and/or solicit acceptances of a plan of reorganization, or (v) granting any relief inconsistent with this Plan Support Agreement and the Definitive
Documents; 
 (f)    provide to the Consenting Noteholders and/or their respective professionals, upon
reasonable advance notice to any Memorial Party, (i) reasonable access (without any material disruption to the conduct of the applicable Memorial Party’s business) during normal business hours to the applicable Memorial Party’s books,
records, and facilities, (ii) reasonable access to the respective management and advisors of the applicable Memorial Party for the purposes of evaluating the Memorial Party’s finances and operations and participating in the planning
process with respect to the Restructuring, (iii) prompt access to any information provided to any existing or prospective financing sources (including lenders under any exit financing), and (iv) timely and reasonable responses to all
reasonable diligence requests; provided, that the Consenting Noteholders understand and agree that the Memorial Parties may (in their sole discretion) refuse to provide a Consenting Noteholder with any confidential information if such
Consenting Noteholder is not a party to a confidentiality agreement that is reasonable to the Memorial Parent (in its sole discretion); 

(g)    operate its businesses without material change in such operations or disposition of material assets
(unless in such instance, the Requisite Noteholders have consented thereto in writing) in accordance with its business judgment; 

(h)    use commercially reasonable efforts to preserve intact in all material respects its current
business organizations, keep available the services of its current officers and material employees (in each case, other than voluntary resignations, terminations for cause, or terminations consistent with applicable fiduciary duties) and preserve in
all material respects its relationships with customers, sales representatives, suppliers, distributors, and others, in each case, having material business dealings with the Memorial Parties (other than terminations for cause or consistent with
applicable fiduciary duties); 
 (i)    provide prompt written notice to the Consenting Noteholders
between the date hereof and the Effective Date of (i) receipt of any notice that is not publicly available of any judicial proceeding commenced, or, to the actual knowledge of any Memorial Party, threatened in writing against any Memorial
Party, relating to or involving or otherwise affecting in any material respect the transactions contemplated by the Restructuring and (ii) any failure of any Memorial Party to comply with or satisfy, in any material respect, any covenant,
condition, or agreement hereunder; and 
 (j)    provide a copy of any written offer or proposal for an
Alternative Transaction received to Davis Polk within two (2) business days of the Memorial Parties’ or their advisors’ receipt of such offer or proposal. 

  
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 6.    Termination of Plan Support Agreement.

 This Plan Support Agreement shall automatically terminate one (1) business day after the delivery of written
notice to the other Parties (in accordance with Section 22) from the Requisite Noteholders at any time after and during the continuance of any Noteholder Termination Event enumerated in Section 6(a). In addition,
this Plan Support Agreement shall automatically terminate one (1) business day after the delivery of notice from the Memorial Parties to the Consenting Noteholders (in accordance with Section 22) at any time after the
occurrence and during the continuance of any Memorial Termination Event enumerated in Section 6(b). This Plan Support Agreement shall terminate automatically without any further required action or notice on the Effective Date. 

(a)    A “Noteholder Termination Event” shall mean any of the following: 

(i)    The breach in any material respect by any Memorial Party of any of the undertakings,
representations, warranties, or covenants of the Memorial Parties set forth herein which remains uncured for a period of five (5) business days after the receipt of written notice of such breach from the Requisite Noteholders pursuant to this
Section 6 and in accordance with Section 22 (as applicable). 

(ii)    At 11:59 p.m. Eastern Time on January 16, 2017, unless the Memorial Parties
have commenced the Chapter 11 Cases (the date on which such commencement occurs, the “Petition Date”). 

(iii)    At 11:59 p.m. Eastern Time five (5) calendar days after the Petition Date,
unless the Memorial Parties have filed the Plan, the Disclosure Statement, and a motion for approval of the Plan and the Disclosure Statement. 

(iv)    At 11:59 p.m. Eastern Time sixty (60) calendar days after the Petition Date if
the Memorial Parties commenced Solicitation before the Petition Date (otherwise, forty (40) calendar days after the Petition Date), unless the Memorial Parties have obtained approval of the Disclosure Statement. 

(v)    At 11:59 p.m. Eastern Time sixty (60) calendar days after the Petition Date if
the Memorial Parties commenced Solicitation before the Petition Date (otherwise, seventy-five (75) calendar days after the Petition Date), unless the Bankruptcy Court shall have entered the Confirmation Order in form and substance reasonably
satisfactory to the Memorial Parties and the Requisite Noteholders. 
 (vi)    At 11:59
p.m. Eastern Time on the date that is fifteen (15) calendar days after the date of entry of the Confirmation Order (the “Outside Date”), unless the Effective Date shall have occurred. 

(vii)    The Memorial Parties withdraw the Plan or Disclosure Statement, or the Memorial
Parties file any motion or pleading with the Bankruptcy Court that is not consistent with this Plan Support Agreement or the Restructuring Term Sheet in any material respect, and such motion or pleading has not been withdrawn before the earlier of
(A) two (2) business days after the Memorial Parties receive written notice from the 

  
 10 

 
Requisite Noteholders (in accordance with Section 22) that such motion or pleading is inconsistent with this Plan Support Agreement or the Restructuring Term Sheet in
any material respect and (B) entry of an order of the Bankruptcy Court approving such motion or pleading. 

(viii)    Any Memorial Party files any motion for, or the Bankruptcy Court enters an order
granting, the (A) conversion of one or more of the Chapter 11 Cases to a case under chapter 7 of the Bankruptcy Code, (B) appointment of examiner with expanded powers beyond those set forth in section 1106(a)(3) and (4) of the
Bankruptcy Code or a trustee or receiver in one or more of the Chapter 11 Cases or (C) dismissal of one or more of the Chapter 11 Cases. 

(ix)    The Bankruptcy Court grants relief that is (A) inconsistent with this Plan
Support Agreement or the Restructuring Term Sheet in any respect that is materially adverse to the Requisite Noteholders or (B) would, or would reasonably be expected to materially frustrate the purposes of this Plan Support Agreement,
including by preventing the consummation of the Restructuring, unless the Memorial Parties have sought a stay of such relief within five (5) business days after the date of such issuance, and such order is stayed, reversed, or vacated within
ten (10) business days after the date of such issuance, except if such relief is granted pursuant to a motion by any Consenting Noteholder. 

(x)    Any Memorial Party files, propounds, or otherwise supports or fails to timely file
with the Bankruptcy Court a statement that it does not support any plan of reorganization inconsistent with the Restructuring Term Sheet. 

(xi)    Any Memorial Party files, propounds, or otherwise supports any motion or
application seeking authority to sell all or a material portion of its assets. 

(xii)    Any Memorial Party files, propounds, or otherwise supports or fails to timely
object to any motion or pleading challenging the amount or validity of any Unsecured Noteholders Claim. 

(xiii)    Any of the Definitive Documents shall have been modified in a manner adverse in
any material respect to any Consenting Noteholder, without prior written consent of the Requisite Noteholders. 

(xiv)    Other than pursuant to any relief sought by the Memorial Parties that is not
materially inconsistent with its obligations under this Plan Support Agreement or the Plan, the Bankruptcy Court grants relief terminating, annulling, or modifying the automatic stay (as set forth in section 362 of the Bankruptcy Code) and parties
other than the Consenting Noteholders exercise rights with respect to any assets of the Memorial Parties having an aggregate fair market value in excess of $5 million without the prior written consent of the Requisite Noteholders. 

(xv)    The issuance by any governmental authority, including any regulatory authority or
court of competent jurisdiction, of any ruling, judgment, or order enjoining the consummation of or rendering illegal the Restructuring, which ruling, judgment, or order has not been not stayed, reversed, or vacated within ten (10) business
days after such issuance. 

  
 11 

 (xvi)    The Bankruptcy Court or other court
of competent jurisdiction enters an order denying confirmation of the Plan. 

(xvii)    At 11:59 p.m. Eastern Time on the date that is thirty
(30) calendar days after the Petition Date unless (A) the Cash Collateral Order grants the Memorial Parties authority to pay the fees and expenses of the Ad Hoc Group incurred pursuant to Section 24 hereof, or
(B) the Bankruptcy Court enters an order approving the assumption of the Plan Support Agreement. 

(b)    A “Memorial Termination Event” shall mean any of the following: 

(i)    The breach in any material respect by one or more of the Consenting Noteholders, of
any of the undertakings, representations, warranties, or covenants of the Consenting Noteholders set forth herein in any material respect which remains uncured for a period of five (5) business days after the receipt of written notice of such
breach pursuant to this Section 6 and Section 22 (as applicable), but only if the non-breaching Consenting Noteholders constitute less than the Supermajority
Noteholders. 
 (ii)    The board of directors or managers (or comparable governing
body), members, or partners, as applicable, of any Memorial Party reasonably determines in good faith based upon the advice of outside counsel that continued performance under this Plan Support Agreement would be inconsistent with the exercise of
its fiduciary duties under applicable law; provided that the Memorial Party provides notice of such determination to the Consenting Noteholders within five (5) business days after the date thereof. 

(iii)    The Consenting Noteholders fail to comply with Section 4(c) hereof. 

(iv)    The Bankruptcy Court grants relief that is inconsistent with this Plan Support
Agreement or the Restructuring Term Sheet in any respect that is materially adverse to the Memorial Parties, except if such relief is granted pursuant to a motion by the Memorial Parties. 

(v)    At 11:59 p.m. Eastern Time on the earlier of (A) one hundred sixty five
(165) calendar days after the Petition Date if the Memorial Parties commenced Solicitation before the Petition Date (otherwise, one hundred eighty (180) calendar days after the Petition Date) and (B) the Outside Date, in each case
unless the Effective Date shall have occurred. 
 (vi)    The issuance by any
governmental authority, including any regulatory authority or court of competent jurisdiction, of any ruling, judgment, or order enjoining the consummation of or rendering illegal the Restructuring, which ruling, judgment, or order has not been not
stayed, reversed, or vacated within ten (10) business days after such issuance. 

  
 12 

 (vii)    The Consenting Noteholders subject
to this Plan Support Agreement do not beneficially own or control at any time sufficient amount of Unsecured Notes to constitute the Supermajority Noteholders commencing on December 30, 2016 and at any time thereafter. 

(viii)    The Bankruptcy Court enters an order granting, the (A) conversion of one or
more of the Chapter 11 Cases to a case under chapter 7 of the Bankruptcy Code or (B) dismissal of one or more of the Chapter 11 Cases; provided that the Memorial Parties did not file or support any motion or pleading for the
(A) conversion of one or more of the Chapter 11 Cases to a case under chapter 7 of the Bankruptcy Code and/or (B) dismissal of one or more of the Chapter 11 Cases. 

(ix)    The Bankruptcy Court or other court of competent jurisdiction enters an order
denying confirmation of the Plan. 
 Notwithstanding any provision in this Plan Support Agreement to the contrary, upon written consent of
the Requisite Noteholders, each of the dates set forth in Section 6(a) may be extended prior to or upon such date and such later dates agreed to in lieu thereof and shall be of the same force and effect as the dates provided herein. 

(c)    Mutual Termination. This Plan Support Agreement may be terminated by mutual agreement of the
Memorial Parties and the Requisite Noteholders upon the receipt of written notice delivered in accordance with Section 22. 

(d)    Effect of Termination. Subject to the provisions contained in
Section 15, upon the termination of this Plan Support Agreement in accordance with this Section 6, this Plan Support Agreement shall become void and of no further force or effect and each Party
shall, except as otherwise provided in this Plan Support Agreement, be immediately released from its respective liabilities, obligations, commitments, undertakings, and agreements under or related to this Plan Support Agreement, shall have no
further rights, benefits, or privileges hereunder, and shall have all the rights and remedies that it would have had and shall be entitled to take all actions, whether with respect to the Restructuring or otherwise, that it would have been entitled
to take had it not entered into this Plan Support Agreement and no such rights or remedies shall be deemed waived pursuant to a Claim of laches or estoppel; provided that in no event shall any such termination relieve a Party from
liability for its breach or non-performance of its obligations hereunder before the date of such termination. 

(e)    Automatic Stay. The Memorial Parties acknowledge and agree that after the commencement of
the Chapter 11 Cases, the giving of notice of termination by any Party pursuant to this Plan Support Agreement shall not be a violation of the automatic stay of section 362 of the Bankruptcy Code; provided that nothing herein shall
prejudice any Party’s rights to argue that the giving of notice of termination was not proper under the terms of this Plan Support Agreement. 

  
 13 

 7.    Definitive Documents; Good Faith Cooperation;
Further Assurances. 
 Each Party hereby covenants and agrees to cooperate with each
other in good faith in connection with, and shall exercise commercially reasonable efforts with respect to, the pursuit, approval, implementation, and consummation of the Restructuring as well as the negotiation, drafting, execution, and delivery of
the Definitive Documents. Furthermore, subject to the terms hereof, each of the Parties shall take such action as may be reasonably necessary or reasonably requested by the other Parties to carry out the purposes and intent of this Plan Support
Agreement, and shall refrain from taking any action that would frustrate the purposes and intent of this Plan Support Agreement. 

8.    Representations and Warranties. 

(a)    Each Party, severally (and not jointly), represents and warrants to the other Parties that the
following statements are true and correct as of the date hereof (or as of the date a Consenting Noteholder becomes a party hereto): 

(i)    Such Party is validly existing and in good standing under the laws of its
jurisdiction of incorporation or organization, and has all requisite corporate, partnership, limited liability company or similar authority to enter into this Plan Support Agreement and carry out the transactions contemplated hereby and perform its
obligations contemplated hereunder. The execution and delivery of this Plan Support Agreement and the performance of such Party’s obligations hereunder have been duly authorized by all necessary corporate, limited liability company,
partnership, or other similar action on its part. 
 (ii)    The execution, delivery, and
performance by such Party of this Plan Support Agreement does not and will not (A) violate any material provision of law, rule, or regulation applicable to it or its charter or bylaws (or other similar governing documents), or (B) conflict
with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any material contractual obligation to which it is a party, except, in the case of the Memorial Parties, for the filing of the Chapter 11 Cases.

 (iii)    The execution, delivery, and performance by such Party of this Plan Support
Agreement does not and will not require any material registration or filing with, consent or approval of, or notice to, or other action, with or by, any federal, state or governmental authority or regulatory body, except the filing of the Chapter 11
Cases and such filings as may be necessary or required by the SEC. 
 (iv)    This Plan
Support Agreement is the legally valid and binding obligation of such Party, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium, or other similar laws relating to or limiting
creditors’ rights generally, concepts of reasonableness or general equitable principles. 

(b)    Each Consenting Noteholder severally (and not jointly) represents and warrants to the Memorial
Parties that, as of the date hereof (or as of the date such Consenting Noteholder becomes a party hereto), such Consenting Noteholder (i) is the owner of the 

  
 14 

 
aggregate principal amount of the Unsecured Notes set forth below its name on the signature page hereto (or below its name on the signature page of a Joinder Agreement for any Consenting
Noteholder that becomes a party hereto after the date hereof) or has, with respect to the beneficial owner(s) of such Unsecured Notes, (A) sole investment or voting discretion with respect to such Unsecured Notes, (B) full power and
authority to vote on and consent to matters concerning such Unsecured Notes or to exchange, assign, and Transfer such Unsecured Notes, and (C) full power and authority to bind or act on the behalf of such beneficial owner(s) and (ii) is an
accredited investor as such term is defined in Rule 501(a) of Regulation D under the Securities Act. 

(c)    Each Consenting Noteholder severally (and not jointly) represents and warrants to the other Parties
that: 
 (i)    Except as set forth on Schedule B, such Consenting
Noteholder does not directly own (nor does any entity disregarded as separate from such Consenting Noteholder, for U.S. federal income tax purposes, directly own) any Memorial Parent Interests. 

(ii)    Such Consenting Noteholder shall use commercially reasonable efforts to promptly
notify the Memorial Parties if, as of the date hereof or on any date on or prior to the Effective Date, such Consenting Noteholder controls (through direct or indirect equity ownership) any entity that owns Memorial Parent Interests. Such
notification shall include the amount and type of Memorial Parent Interests that such controlled entity owns. 

(iii)    Such Consenting Noteholder shall use commercially reasonable efforts to promptly
notify the Memorial Parties if, as of the date hereof or on any date on or before the Effective Date, (A) such Consenting Noteholder’s general partner (if such Consenting Noteholder is a limited partnership), such Consenting
Noteholder’s managing member (if such Consenting Noteholder is a limited liability company) or other equityholder in a similar managing capacity with respect to the Consenting Noteholder owns Memorial Parent Interests or (B) a person or
entity directly owning more than 50% of the equity interests in such Consenting Noteholder owns Memorial Parent Interests. Such notification shall include the amount and type of Memorial Parent Interests that such person or entity owns. 

(iv)    Such Consenting Noteholder shall not (A) acquire any Memorial Parent Interests
nor (B) cause any entities controlled (through direct or indirect equity ownership) by such Consenting Noteholder to acquire any Memorial Parent Interests. 

(v)    Upon the commencement of the Solicitation, such Consenting Noteholder shall use
commercially reasonable efforts to send its investors a notification substantially in the form attached hereto as Exhibit C.

(vi)    At the reasonable request of the Memorial Parties or Memorial Parent NewCo in
respect of any audit or other proceeding relating to the income tax treatment of the Restructuring, such Consenting Noteholder agrees to use commercially 

  
 15 

 
reasonable efforts to make available to the Memorial Parties or Memorial Parent NewCo, as applicable, such information, records, or other documents as are within the possession or control of such
Consenting Noteholder, provided that in no event shall such Consenting Noteholder be obligated to (A) disclose the identity of any direct or indirect investor in such Consenting Noteholder or (B) make available any
information, records, or other documents that, in the Consenting Noteholder’s reasonable judgment, is prohibited by applicable law or would subject such Consenting Noteholder to any material unreimbursed cost or expense or materially prejudice
the legal or commercial position of such Consenting Noteholder. 
 9.    Disclosure;
Publicity. The Memorial Parties shall submit drafts to Davis Polk of any press releases, public documents, and any and all filings with the SEC regarding this Plan Support Agreement or any of the transactions contemplated hereunder at least
two (2) business days before making any such disclosure. Except as required by applicable law or otherwise permitted under the terms of any other agreement between any Memorial Party and any Consenting Noteholder, no Party or its advisors shall
disclose to any person or entity (including, for the avoidance of doubt, any other Consenting Noteholder), other than advisors to the Memorial Parties, the principal amount or percentage of Unsecured Notes held by any Consenting Noteholder, in each
case, without such Consenting Noteholder’s prior written consent; provided that (a) if such disclosure is required by law, subpoena or other legal process or regulation, the disclosing Party shall afford the relevant
Consenting Noteholder a reasonable opportunity to review and comment before such disclosure and shall take all reasonable measures to limit such disclosure, (b) the foregoing shall not prohibit the disclosure of the aggregate percentage or
aggregate principal amount of 6.875% Senior Unsecured Notes or 7.625% Senior Unsecured Notes held by all Consenting Noteholders collectively and (c) any Party may disclose information requested by a regulatory authority with jurisdiction over
its operations to such authority without limitation or notice to any Party or other person or entity. Notwithstanding the provisions in this Section 9, any Party may disclose, to the extent consented to in writing by a
Consenting Noteholder, such Consenting Noteholder’s individual holdings. Any public filing of this Plan Support Agreement, with the Bankruptcy Court or otherwise, which includes executed signature pages to this Plan Support Agreement shall
include such signature pages only in redacted form with respect to the holdings of each Consenting Noteholder (provided that the holdings disclosed in such signature pages may be filed in unredacted form with the Bankruptcy Court under seal). 

10.    Creditors’ Committee. The Consenting Noteholders will not seek or
support, and will not instruct the Unsecured Notes Trustee to seek or support, the appointment of an official committee of unsecured creditors. Notwithstanding anything herein to the contrary, if any Consenting Noteholder is appointed to and serves
on an official committee of unsecured creditors in the Chapter 11 Cases, the terms of this Plan Support Agreement shall not be construed so as to limit such Consenting Noteholder’s exercise of its fiduciary duties to any person or entity
arising from its service on such committee, and any such exercise of such fiduciary duties shall not be deemed to constitute a breach of the terms of this Plan Support Agreement. All Parties agree they shall not oppose the participation of any of
the Consenting Noteholders or the trustee under the Unsecured Note Indentures on any official committee of unsecured creditors formed in the Chapter 11 Cases. 

  
 16 

 11.    Amendments and
Modifications. Except as otherwise expressly set forth herein, this Plan Support Agreement (including the Restructuring Term Sheet or any exhibits or schedules hereto and thereto) and the Plan may not be waived, modified, amended, or
supplemented except in a writing signed by the Memorial Parties (which may be signed by Memorial Parent on behalf of all the Memorial Parties) and the Requisite Noteholders; provided that (a) any modification, amendment, or change
to the definition of “Consenting Noteholders” or “Requisite Noteholders” shall require the written consent of each Consenting Noteholder and (b) any waiver, change, modification, or amendment to this Plan Support Agreement,
the Restructuring Term Sheet, or the Plan that materially adversely affects the economic recoveries or treatment of any Consenting Noteholder compared to the economic recoveries or treatment set forth in the Restructuring Term Sheet attached hereto
may not be made without the written consent of each such materially adversely affected Consenting Noteholder. In the event that a materially adversely affected Consenting Noteholder (“Non-Consenting
Noteholder”) does not consent to a waiver, change, modification, or amendment to this Plan Support Agreement requiring the consent of each Consenting Noteholder, but such waiver, change, modification, or amendment receives the consent of
the Supermajority Noteholders, this Plan Support Agreement shall be deemed to have been terminated only as to such Non-Consenting Noteholder, but this Plan Support Agreement shall continue in full force and
effect in respect to all other Consenting Noteholders. 

12.    Effectiveness. This Plan Support Agreement shall become effective and
binding upon each Party upon the Plan Support Effective Date; provided that signature pages executed by Consenting Noteholders shall be delivered to (a) other Consenting Noteholders in a redacted form that removes such Consenting
Noteholders’ holdings of the Unsecured Notes and (b) the Memorial Parties, Weil, and the Memorial Parties’ other advisors in an unredacted form (to be held by Weil and such other advisors on a professionals’ eyes only basis).

 13.    Governing Law; Jurisdiction; Waiver of Jury Trial. 

(a)    This Plan Support Agreement shall be construed and enforced in accordance with, and the rights of
the Parties shall be governed by, the laws of the State of New York, without giving effect to the conflict of laws principles thereof. Each of the Parties irrevocably agrees that any legal action, suit, or proceeding arising out of or relating to
this Plan Support Agreement (or the transactions contemplated hereby) brought by any Party or its successors or assigns shall be brought and determined in any federal or state court in the Borough of Manhattan, the City of New York (the “New
York Courts”), and each of the Parties hereby irrevocably submits to the exclusive jurisdiction of the New York Courts for itself and with respect to its property, generally and unconditionally, with regard to any such proceeding arising
out of or relating to this Plan Support Agreement and the Restructuring. Each of the Parties agrees not to commence any proceeding relating hereto or thereto except in the New York Courts, other than proceedings in any court of competent
jurisdiction to enforce any judgment, decree or award rendered by any New York Court. Each of the Parties further agrees that notice as provided in Section 22 shall constitute sufficient service of process and the Parties
further waive any argument that such service is insufficient. Each of the Parties hereby irrevocably and unconditionally waives and agrees not to assert that a proceeding in any New York Court is brought in an inconvenient forum or the venue of such
proceeding is improper. Notwithstanding the foregoing, during the pendency of the Chapter 11 Cases, all proceedings contemplated by this Section 13(a) shall be brought in the Bankruptcy Court. 

  
 17 

 (b)    Each Party hereby waives, to the fullest extent
permitted by applicable law, any right it may have to a trial by jury in any legal proceeding directly or indirectly arising out of or relating to this Plan Support Agreement or the transactions contemplated hereby (whether based on contract, tort
or any other theory). 
 14.    Specific Performance/Remedies. The Parties
understand and agree that money damages would be an insufficient remedy for any breach of this Plan Support Agreement by any Party and each non-breaching Party shall be entitled to specific performance and
injunctive or other equitable relief (including attorneys’ fees and costs) as a remedy of any such breach, without the necessity of proving the inadequacy of money damages as a remedy. Each Party hereby waives any requirement for the security
or posting of any bond in connection with such remedies. 
 15.    Survival.
Notwithstanding the termination of this Plan Support Agreement pursuant to Section 6, Sections 9 and 13-22 shall survive such termination and shall continue in full
force and effect in accordance with the terms hereof; provided that any liability of a Party for failure to comply with the terms of this Plan Support Agreement shall survive such termination. 

16.    Headings. The headings of the sections, paragraphs, and subsections of
this Plan Support Agreement are inserted for convenience only and shall not affect the interpretation hereof or, for any purpose, be deemed a part of this Plan Support Agreement. 

17.    Successors and Assigns; Severability. This Plan Support
Agreement is intended to bind and inure to the benefit of the Parties and their respective successors, permitted assigns, heirs, executors, administrators and representatives; provided that nothing contained in this
Section 17 shall be deemed to permit Transfers of the Unsecured Notes Claims or any Claims other than in accordance with the express terms of this Plan Support Agreement. If any provision of this Plan Support Agreement, or
the application of any such provision to any person or entity or circumstance, shall be held invalid or unenforceable, in whole or in part, such invalidity or unenforceability shall attach only to such provision or part thereof and the remaining
part of such provision hereof and this Plan Support Agreement shall continue in full force and effect. Upon any such determination of invalidity, the Parties shall negotiate in good faith to modify this Plan Support Agreement so as to effect the
original intent of the Parties as closely as possible in a reasonably acceptable manner so that the transactions contemplated hereby are consummated as originally contemplated to the greatest extent possible. 

18.    Several, Not Joint, Obligations. The agreements, representations,
warranties, and obligations of the Parties under this Plan Support Agreement are, in all respects, several and not joint. 

19.    Relationship Among Parties. Unless expressly stated herein, this Plan
Support Agreement shall be solely for the benefit of the Parties and no other person or entity shall be a third-party beneficiary hereof. No Party shall have any responsibility for any trading 

  
 18 

 
by any other entity by virtue of this Plan Support Agreement. No prior history, pattern, or practice of sharing confidences among or between the Parties shall in any way affect or negate
this understanding and agreement. The Parties have no agreement, arrangement, or understanding with respect to acting together for the purpose of acquiring, holding, voting, or disposing of any equity securities of the Memorial Parent and do
not constitute a “group” within the meaning of Rule 13d-5 under the Securities Exchange Act of 1934, as amended. 

20.    Prior Negotiations; Entire Agreement. This Plan Support Agreement,
including the exhibits and schedules hereto (including the Restructuring Term Sheet), constitutes the entire agreement of the Parties, and supersedes all other prior negotiations, with respect to the subject matter hereof and thereof, except that
the Parties acknowledge that any confidentiality agreements executed between any Memorial Party and each Consenting Noteholder before the execution of this Plan Support Agreement shall continue in full force and effect. 

21.    Counterparts. This Plan Support Agreement may be executed in several
counterparts, each of which shall be deemed to be an original, and all of which together shall be deemed to be one and the same agreement. Execution copies of this Plan Support Agreement delivered by facsimile or PDF shall be deemed to be an
original for the purposes of this paragraph. 
 22.    Notices. All notices
hereunder shall be deemed given if in writing and delivered, if contemporaneously sent by electronic mail, facsimile, courier or by registered or certified mail (return receipt requested) to the following addresses and facsimile numbers: 

(a)    If to any Memorial Party, to: 

Memorial Production Partners LP 

500 Dallas Street, Suite 1600 

Houston, TX 77002 

Attention:     Jason Childress 

E-mail:         jchildress@memorialpp.com 

Facsimile:    (713) 490-8901 

with a copy (which shall not constitute notice) to: 

Weil, Gotshal & Manges LLP 

767 Fifth Avenue 

New York, NY 10153 

Attention:     Gary T. Holtzer, Joseph Smolinsky, and Ted S. Waksman 

E-mail:         Gary.Holtzer@weil.com,
joseph.smolinsky@weil.com and 
 Ted.Waksman@weil.com 

Facsimile:    (212) 310-8007 

  
 19 

 (b)    If to the Consenting Noteholders, to: 

Davis Polk & Wardwell LLP 

450 Lexington Avenue 

New York, NY 10170 

Attention:     Brian Resnick and Angela M. Libby 

E-mail:         Brian.Resnick@davispolk.com
and Angela.Libby@davispolk.com 
 Facsimile:    (212)
701-5800 
 Any notice given by delivery, mail, or courier shall be effective when received. Any
notice given by facsimile or electronic mail shall be effective upon oral, machine, or electronic mail (as applicable) confirmation of transmission. 

23.    Settlement Discussions. This Plan Support Agreement is part of a
proposed settlement of matters that could otherwise be the subject of litigation among the Parties. Pursuant to Rule 408 of the Federal Rules of Evidence, any applicable state rules of evidence and any other applicable law, foreign or domestic, this
Plan Support Agreement and all negotiations relating thereto shall not be admissible into evidence in any proceeding other than a proceeding to enforce its terms. 

24.    Fees. The Memorial Parties shall pay all reasonable
documented prepetition and postpetition costs and expenses of the advisors to the Ad Hoc Group incurred on or prior to the date of termination of this Plan Support Agreement, in accordance with existing engagement letters with any Memorial Party,
including, without limitation, the reasonable and documented costs and expenses of (a) Davis Polk, as legal advisor to the Ad Hoc Group, (b) Miller Buckfire & Co., LLC, as financial advisor to the Ad Hoc Group, and
(c) Stroock & Stroock & Lavan LLP, as legal advisor to the successor trustee under the Unsecured Note Indentures. 

25.    No Solicitation; Adequate Information. This Plan Support Agreement is
not and shall not be deemed to be a solicitation for consents to the Plan. The votes of the holders of Claims against the Memorial Parties will not be solicited until such holders who are entitled to vote on the Plan have received the Plan, the
Disclosure Statement and related ballots, and other required solicitation materials. In addition, this Plan Support Agreement does not constitute an offer to issue or sell securities to any person or entity, or the solicitation of an offer to
acquire or buy securities, in any jurisdiction where such offer or solicitation would be unlawful. 

26.    Interpretation; Rules of Construction; Representation by
Counsel. When a reference is made in this Plan Support Agreement to a Section, Exhibit, or Schedule, such reference shall be to a Section, Exhibit, or Schedule, respectively, of or attached to this Plan Support
Agreement unless otherwise indicated. Unless the context of this Plan Support Agreement otherwise requires, (a) words using the singular or plural number also include the plural or singular number, respectively, (b) the terms
“hereof,” “herein,” “hereby” and derivative or similar words refer to this entire Plan Support Agreement, (c) the words “include,” “includes” and “including” when used herein shall be
deemed in each case to be followed by the words “without limitation,” and (d) the word “or” shall not be exclusive and shall be read to mean “and/or.” The Parties agree that they have been represented by legal
counsel during the negotiation and execution of this Plan Support Agreement and, therefore, waive the application of any law, regulation, holding, or rule of construction providing that ambiguities in an agreement or other document shall be
construed against the party drafting such agreement or document. 
 [Signature pages follow.] 

  
 20 

 IN WITNESS WHEREOF, the Parties have caused this Plan Support Agreement to be
executed and delivered by their respective duly authorized officers, solely in their respective capacities as officers of the undersigned and not in any other capacity, as of the date first set forth above. 

 

			
	MEMORIAL PARTIES
	
	MEMORIAL PRODUCTION PARTNERS LP
		
	By:	 	Memorial Production Partners GP LLC,
		 	its general partner
		
	By:	 	 /s/ Robert L. Stillwell, Jr.

	Name:	 	Robert L. Stillwell, Jr.
	Title:	 	Chief Financial Officer
	
	MEMORIAL PRODUCTION OPERATING LLC
		
	By:	 	Memorial Production Partners LP,
		 	its sole member
		
	By:	 	Memorial Production Partners GP LLC,
		 	its general partner
		
	By:	 	 /s/ Robert L. Stillwell, Jr.

	Name:	 	Robert L. Stillwell, Jr.
	Title:	 	Chief Financial Officer

 [MEMORIAL PARTIES SIGNATURE PAGE TO PLAN SUPPORT AGREEMENT] 

 
			
	COLUMBUS ENERGY, LLC
		
	By:	 	Memorial Production Operating LLC,
		 	its sole member
		
	By:	 	Memorial Production Partners LP,
		 	its sole member
		
	By:	 	Memorial Production Partners GP LLC,
		 	its general partner
		
	By:	 	 /s/ Robert L. Stillwell, Jr.

	Name:	 	Robert L. Stillwell, Jr.
	Title:	 	Chief Financial Officer
	
	RISE ENERGY OPERATING, LLC
		
	By:	 	Memorial Production Operating LLC,
		 	its sole member
		
	By:	 	Memorial Production Partners LP,
		 	its sole member
		
	By:	 	Memorial Production Partners GP LLC,
		 	its general partner
		
	By:	 	 /s/ Robert L. Stillwell, Jr.

	Name:	 	Robert L. Stillwell, Jr.
	Title:	 	Chief Financial Officer

 [MEMORIAL PARTIES SIGNATURE PAGE TO PLAN SUPPORT AGREEMENT] 

 
			
	RISE ENERGY MINERALS, LLC
		
	By:	 	Rise Energy Operating, LLC,
		 	its sole member
		
	By:	 	Memorial Production Operating LLC,
		 	its sole member
		
	By:	 	Memorial Production Partners LP,
		 	its sole member
		
	By:	 	Memorial Production Partners GP LLC,
		 	its general partner
		
	By:	 	 /s/ Robert L. Stillwell, Jr.

	Name:	 	Robert L. Stillwell, Jr.
	Title:	 	Chief Financial Officer
	
	RISE ENERGY BETA, LLC
		
	By:	 	Rise Energy Operating, LLC,
		 	its sole member
		
	By:	 	Memorial Production Operating LLC,
		 	its sole member
		
	By:	 	Memorial Production Partners LP,
		 	its sole member
		
	By:	 	Memorial Production Partners GP LLC,
		 	its general partner
		
	By:	 	 /s/ Robert L. Stillwell, Jr.

	Name:	 	Robert L. Stillwell, Jr.
	Title:	 	Chief Financial Officer

 [MEMORIAL PARTIES SIGNATURE PAGE TO PLAN SUPPORT AGREEMENT] 

 
			
	MEMORIAL PRODUCTION FINANCE CORPORATION
		
	By:	 	 /s/ Robert L. Stillwell, Jr.

	Name:	 	Robert L. Stillwell, Jr.
	Title:	 	Chief Financial Officer
	
	WHT ENERGY PARTNERS LLC
		
	By:	 	Memorial Production Operating LLC,
		 	its sole member
		
	By:	 	Memorial Production Partners LP,
		 	its sole member
		
	By:	 	Memorial Production Partners GP LLC,
		 	its general partner
		
	By:	 	 /s/ Robert L. Stillwell, Jr.

	Name:	 	Robert L. Stillwell, Jr.
	Title:	 	Chief Financial Officer
	
	WHT CARTHAGE LLC
		
	By:	 	WHT Energy Partners LLC,
		 	its sole member
		
	By:	 	Memorial Production Operating LLC,
		 	its sole member
		
	By:	 	Memorial Production Partners LP,
		 	its sole member
		
	By:	 	Memorial Production Partners GP LLC,
		 	its general partner
		
	By:	 	 /s/ Robert L. Stillwell, Jr.

	Name:	 	Robert L. Stillwell, Jr.
	Title:	 	Chief Financial Officer

 [MEMORIAL PARTIES SIGNATURE PAGE TO PLAN SUPPORT AGREEMENT] 

 
			
	MEMORIAL ENERGY SERVICES LLC
		
	By:	 	Memorial Production Operating LLC,
		 	its sole member
		
	By:	 	Memorial Production Partners LP,
		 	its sole member
		
	By:	 	Memorial Production Partners GP LLC,
		 	its general partner
		
	By:	 	 /s/ Robert L. Stillwell, Jr.

	Name:	 	Robert L. Stillwell, Jr.
	Title:	 	Chief Financial Officer
	
	MEMORIAL MIDSTREAM LLC
		
	By:	 	Memorial Production Operating LLC,
		 	its sole member
		
	By:	 	Memorial Production Partners LP,
		 	its sole member
		
	By:	 	Memorial Production Partners GP LLC,
		 	its general partner
		
	By:	 	 /s/ Robert L. Stillwell, Jr.

	Name:	 	Robert L. Stillwell, Jr.
	Title:	 	Chief Financial Officer
	
	SAN PEDRO BAY PIPELINE COMPANY
		
	By:	 	 /s/ Robert L. Stillwell, Jr.

	Name:	 	Robert L. Stillwell, Jr.
	Title:	 	Chief Financial Officer

 [MEMORIAL PARTIES SIGNATURE PAGE TO PLAN SUPPORT AGREEMENT] 

 
			
	MEMORIAL PRODUCTION PARTNERS GP LLC
		
	By:	 	 /s/ Robert L. Stillwell, Jr.

	Name:	 	Robert L. Stillwell, Jr.
	Title:	 	Chief Financial Officer
	
	BETA OPERATING COMPANY, LLC
		
	By:	 	Memorial Production Operating LLC,
		 	its sole member
		
	By:	 	Memorial Production Partners LP,
		 	its sole member
		
	By:	 	Memorial Production Partners GP LLC,
		 	its general partner
		
	By:	 	 /s/ Robert L. Stillwell, Jr.

	Name:	 	Robert L. Stillwell, Jr.
	Title:	 	Chief Financial Officer
	
	MEMP SERVICES LLC
		
	By	 	Memorial Production Partners LP,
		 	its sole member
		
	By:	 	Memorial Production Partners GP LLC,
		 	its general partner
		
	By:	 	 /s/ Robert L. Stillwell, Jr.

	Name:	 	Robert L. Stillwell, Jr.
	Title:	 	Chief Financial Officer

 [MEMORIAL PARTIES SIGNATURE PAGE TO PLAN SUPPORT AGREEMENT] 

 CONSENTING NOTEHOLDERS 
  

			
	 TRUST ASSET MANAGEMENT LLC

		
	 By:
	 	 /s/ Mark
Shinder                    

	 Name:
	 	 Mark
Shinder                         

	 Title:
	 	 President and
CIO                  

 Principal Amount of the 6.875% Senior Unsecured Notes:
$                     
 Principal Amount of the
7.625% Senior Unsecured Notes: $                     

Notice Address: 
  

	
	Trust Asset Management, LLC                 
	1900 Saint James Place, Suite 300            
	Houston, TX
77056                                   
	Fax: (713)
343-5443                                  

	Attention: Mark Shinder                            
	Email: mark.shinder@tam-llc.com            

 [CONSENTING NOTEHOLDER SIGNATURE PAGE TO PLAN SUPPORT AGREEMENT] 

 CONSENTING NOTEHOLDERS 
  

			
	BRIGADE CAPITAL MANAGEMENT LP, on behalf of funds and accounts managed by it
		
	By:	 	/s/ Scott Hoffman                    
	Name:	 	Scott Hoffman                         
	Title:	 	Senior Analyst                         

 Principal Amount of the 6.875% Senior Unsecured Notes:
$                     
 Principal Amount of the
7.625% Senior Unsecured Notes: $                     

Notice Address: 
  

			
	399 Park Avenue                                 
       	  	
	Suite
1600                                         
         	  	
	New York, NY 10022                                	  	
	Fax:
                                         
                  	  	
	Attention: Scott Hoffman                          	  	
	
Email: SH@bridadecapital.com                

	  	

 [CONSENTING NOTEHOLDER SIGNATURE PAGE TO PLAN SUPPORT AGREEMENT] 

 CONSENTING NOTEHOLDERS 
  

			
	CITADEL EQUITY FUND LTD.
	By: Citadel Advisors LLC, its Portfolio Manager
		
	By:	 	/s/ Christopher L. Ramsay                    
	Name:	 	Christopher L. Ramsay                         
	Title:	 	Authorized Signatory                            

 Principal Amount of the 6.875% Senior Unsecured Notes:
$                     
 Principal Amount of the
7.625% Senior Unsecured Notes: $                     
  

			
	Notice Address:
	
	 c/o Citadel LLC

	 131 S. Dearborn Street

	 Chicago, Illinois 60603

			
	Fax: 	 	
312-267-7300

			
	Attention:	 	 Legal Department

			
	Email:	 	 CitadelAgreementNotice@citadel.com

 [CONSENTING NOTEHOLDER SIGNATURE PAGE TO PLAN SUPPORT AGREEMENT] 

 CONSENTING NOTEHOLDERS 
  

			
	FIR TREE INC (on behalf of certain investment funds under management)
		
	By:	 	 /s/ Brian
Meyer                     

	 Name:
	 	 Brian
Meyer                          

	 Title:
	 	 Authorized
Person                

 Principal Amount of the 6.875% Senior Unsecured Notes:
$                     
 Principal Amount of the
7.625% Senior Unsecured Notes: $                     

Notice Address: 
  

			
	55 West 46th Street                                	  	
	29th Floor                                   
           	  	
	New York, NY 10036                            	  	
	Fax:                                     
                   	  	
	Attention: Evan Lederman                    	  	
	Email: elederman@firtree.com             	  	

 [CONSENTING NOTEHOLDER SIGNATURE PAGE TO PLAN SUPPORT AGREEMENT] 

 EXHIBIT A 

Restructuring Term Sheet 

 MEMORIAL PRODUCTION PARTNERS LP 

RESTRUCTURING TERM SHEET 

DECEMBER 22, 2016 
 This
term sheet (the “Restructuring Term Sheet”)1 sets forth the principal terms of a proposed financial restructuring (the “Restructuring”) of Memorial
Production Partners LP (the “Memorial Parent”) and the subsidiaries set forth below (each, a “Debtor,” and collectively, the “Company” or the “Debtors”) to be implemented pursuant
to a joint plan of reorganization consistent with the terms set forth herein (the “Plan”), which will be filed in cases to be commenced by the Company under chapter 11 of the Bankruptcy Code. As reflected in the plan support
agreement dated as of December 22, 2016, by and among the Company and the Consenting Noteholders (the “Plan Support Agreement”), to which this Restructuring Term Sheet is an exhibit, the Restructuring is supported by the
Company and the Consenting Noteholders. 
 THIS TERM SHEET DOES NOT CONSTITUTE (NOR SHALL IT BE CONSTRUED AS) AN OFFER WITH RESPECT TO ANY
SECURITIES OR A SOLICITATION OF ACCEPTANCES OR REJECTIONS AS TO ANY PLAN OF REORGANIZATION, IT BEING UNDERSTOOD THAT SUCH A SOLICITATION, IF ANY, ONLY WILL BE MADE IN COMPLIANCE WITH APPLICABLE PROVISIONS OF SECURITIES, BANKRUPTCY AND/OR OTHER
APPLICABLE LAWS. THIS TERM SHEET DOES NOT ADDRESS ALL TERMS THAT WOULD BE REQUIRED IN CONNECTION WITH ANY POTENTIAL RESTRUCTURING AND ENTRY INTO OR THE CREATION OF ANY BINDING AGREEMENT IS SUBJECT TO THE EXECUTION OF DEFINITIVE DOCUMENTATION IN FORM
AND SUBSTANCE CONSISTENT WITH THIS TERM SHEET AND OTHERWISE REASONABLY SATISFACTORY IN ALL RESPECTS TO THE COMPANY AND THE REQUISITE NOTEHOLDERS. THIS TERM SHEET HAS BEEN PRODUCED FOR DISCUSSION AND SETTLEMENT PURPOSES ONLY AND IS SUBJECT TO THE
PROVISIONS OF RULE 408 OF THE FEDERAL RULES OF EVIDENCE AND OTHER SIMILAR APPLICABLE STATE AND FEDERAL RULES. THIS TERM SHEET AND THE INFORMATION CONTAINED HEREIN IS STRICTLY CONFIDENTIAL AND SHALL NOT BE SHARED WITH ANY OTHER PARTY ABSENT THE PRIOR
WRITTEN CONSENT OF THE COMPANY AND THE REQUISITE NOTEHOLDERS, EXCEPT AS REQUIRED BY LAW AND AS CONTEMPLATED BY THE PLAN SUPPORT AGREEMENT. 
  

			
	Transaction Overview
		
	 The Company:
	  	 (1)    Memorial Production Partners LP

(2)    Memorial Production Partners GP LLC

(3)    MEMP Services LLC

(4)    Memorial Production Operating LLC

(5)    Memorial Production Finance Corporation

(6)    WHT Energy Partners LLC

(7)    WHT Carthage LLC

(8)    Memorial Midstream LLC

(9)    Beta Operating Company, LLC

(10)  Columbus Energy, LLC

(11)  Rise Energy Operating, LLC

(12)  Rise Energy Minerals LLC

(13)  Rise Energy Beta, LLC

(14)  San Pedro Bay Pipeline Company

(15)  Memorial Energy Services
LLC

  

	1 	 Capitalized terms used but not otherwise herein defined have the meanings ascribed to them in either
Annex 1 attached hereto or the Plan Support Agreement (as defined herein). To the extent of any direct conflict between this Restructuring Term Sheet and the Plan Support Agreement, this Restructuring Term Sheet will govern and
control. 

			
	Claims and Interests to be Restructured:	  	 RBL Credit Facility Claims: consisting of approximately $701 million in unpaid principal due as of
December 20, 2016 less any reduction after giving effect to the termination and monetization of certain outstanding hedges, plus interest, fees and other expenses arising under or in connection with that certain credit agreement, dated as of
December 14, 2011, by and among Memorial Production Operating LLC, as borrower, each of the guarantors named therein, Wells Fargo Bank, National Association, as administrative agent (the “RBL Credit Facility Agent”), and the
lenders party thereto (as amended, modified or otherwise supplemented from time to time the “RBL Credit Facility” and, such claims under the RBL Credit Facility, the “RBL Credit Facility Claims”);

 
 Unsecured Notes Claims: consisting of approximately
$1,111.3 million in unpaid principal, plus interest, fees and other expenses due as of the Petition Date under: (a) the 6.875% Senior Unsecured Notes due 2022 (the “6.875% Senior Unsecured Notes”) under that certain indenture
dated as of July 17, 2014, by and among Memorial Parent and Memorial Production Finance Corporation, as issuers, each of the guarantors party thereto, and Wilmington Trust, National Association, as successor trustee, as amended, modified, or
otherwise supplemented from time to time, (the “6.875% Senior Unsecured Note Indenture”); and (b) the 7.625% Senior Unsecured Notes due 2021 (the “7.625% Senior Unsecured Notes” and, together with the 6.875% Senior
Unsecured Notes, the “Unsecured Notes”) under that certain indenture, dated as of April 17, 2013, by and among Memorial Parent and Memorial Production Finance Corporation, as issuers, each of the guarantors party thereto, and
Wilmington Trust, National Association, as successor trustee, as amended, modified, or otherwise supplemented from time to time, (the “7.625% Senior Unsecured Note Indenture” and together with the 6.875% Senior Unsecured Note
Indenture, the “Unsecured Notes Indentures”). The holders of the Unsecured Notes are collectively referred to herein as the “Unsecured Noteholders” (and each individually as an “Unsecured
Noteholder”) holding “Unsecured Notes Claims”;
  

General Unsecured Claims: consisting of any Claim against the Company (other than the Unsecured Notes Claims or any Intercompany Claims)
as of the Petition Date that is neither secured by collateral nor entitled to priority under the Bankruptcy Code or any order of the Bankruptcy Court (the “General Unsecured Claims”); and

 
 Memorial Parent Interests: consisting of any Interests
in Memorial Parent, including partnership interests, units, and any options, warrants, or rights to acquire any Interests in Memorial Parent (the “Memorial Parent Interests” and the holders of Memorial Parent limited partnership
units, other than Memorial General Partner, the “Memorial Limited Partners”).

	
	 Transaction Overview

		
	 Restructuring Summary:
	  	 The Company will implement the Restructuring pursuant to the Plan. The Plan will provide for the classification and
treatment of Claims and Interests as described below under “Classification and Treatment of Claims and Interests.” No later than January 16, 2017, the Company will commence the Chapter 11 Cases. In the event that the Company commences the
solicitation of votes in favor of the Plan before the Petition Date, such solicitation will be made pursuant to Section 4(a)(2) and Regulation D of the Securities Act and, with respect to holders of Unsecured Notes Claims, the Company will only
solicit votes on the Plan from Eligible Noteholders.

  
 2 

			
		  	 The Company will obtain a commitment to lend pursuant to an exit credit facility to be provided on the Effective Date, which
exit credit facility may be an amendment or an amendment and restatement of the existing RBL Credit Facility or replacement financing, in each case on terms set forth on the term sheet attached hereto as Annex 2 and otherwise
acceptable to the lenders thereunder and the Company, each in their sole discretion, and reasonably acceptable to the Requisite Noteholders (the “Exit Credit Facility”).

 
 On or before the Effective Date, the Company and the
Consenting Noteholders will take the actions set forth in Annex 3 hereto (the “Restructuring Transactions”).
  

The proceeds from the Exit Credit Facility, plus Cash on hand, will be used by the Company to (a) provide additional liquidity for working
capital and general corporate purposes, (b) pay all reasonable and documented fees and expenses incurred by the Company, the RBL Credit Facility Agent, and expenses of the respective legal and financial advisors of the Company, the RBL Credit
Facility Agent, and the Ad Hoc Group (but unless consented to by the Company, no more than one legal counsel, one local counsel (if necessary), and one financial advisor to each of the RBL Credit Facility Agent and the Ad Hoc Group) (collectively,
the “Restructuring Expenses”), (c) fund distributions under the Plan, and (d) fund the administration of the Chapter 11 Cases.

		
	Use of Cash Collateral/ Postpetition Financing:	  	 The Debtors will continue using prepetition collateral and cash collateral pursuant to terms agreed upon with the RBL
Credit Facility Lenders and reasonably acceptable to the Requisite Noteholders.

	
	Classification and Treatment of Claims and Interests
		
	Administrative, Priority Tax, and Other Priority Claims:	  	 On or as soon as practicable after the Effective Date, each Allowed Administrative Expense Claim, Priority Tax Claim, and
Other Priority Claim shall be paid in full in Cash or otherwise receive treatment consistent with the provisions of section 1129(a)(9) of the Bankruptcy Code.
  

Unimpaired – Presumed to Accept

		
	Other Secured Claims:	  	 On the Effective Date, to the extent any Other Secured Claims exist, all such Other Secured Claims of the Company that are
Allowed as of the Effective Date shall be satisfied by either (a) payment in full in Cash, (b) reinstatement pursuant to section 1124 of the Bankruptcy Code, or (c) such other recovery necessary to satisfy section 1129 of the Bankruptcy
Code.
  
 Unimpaired – Presumed to Accept

		
	RBL Credit Facility Claims:	  	 On the Effective Date, each holder of an Allowed RBL Credit Facility Claim shall receive, in full and final satisfaction of
such Claim, (after giving effect to the termination and monetization of certain outstanding hedges) its Pro Rata share of term loans under the Exit Credit Facility; provided, that each holder of an Allowed RBL Credit Facility Claim
that elects to participate in the Exit Credit Facility as an Exit Facility Revolver Lender shall receive its Pro Rata share of revolving loans under the Exit Credit Facility.

  
 3 

			
		  	 The termination and monetization of certain outstanding hedges shall occur on terms consistent with the terms set forth on
the term sheet attached hereto as Annex 2; provided, however, that the Debtors shall consult with the Consenting Noteholders with respect to the termination and monetization of such hedges.

 
 Impaired – Entitled to Vote

		
	Unsecured Notes Claims:	  	 On the Effective Date, pursuant to the terms of the Restructuring Transactions, (a) each holder of an Allowed Unsecured
Notes Claim (other than the Contributed Notes Claims) will be entitled to receive, in full and final satisfaction of such Allowed Unsecured Notes Claim, its Pro Rata share (based on all Allowed Unsecured Notes Claims, including the Contributed Notes
Claims) of New Common Shares representing in the aggregate 98% of the total outstanding shares of Memorial Parent NewCo on the Effective Date, subject to dilution by the Management Incentive Plan and the Memorial Limited Partner Warrants, and (b)
AcquisitionCo, as the holder of the Contributed Notes Claims, will be entitled to receive, in full and final satisfaction of such Claims and in consideration for the shares to be distributed to holders of Allowed Unsecured Notes Claims (other than
the Contributed Notes Claims) pursuant to the preceding clause and shares and warrants to be distributed to holders of Memorial Parent Interests, all of the assets of Memorial Parent (other than Cash distributable on the Effective Date pursuant to
the Plan), subject to any liabilities of Memorial Parent not discharged, satisfied or otherwise provided for pursuant to the Plan.
  

Accordingly, each holder of an Allowed Unsecured Notes Claim immediately prior to the Restructuring Transactions will, immediately after the
Restructuring Transactions, own (directly or indirectly) a Pro Rata share of New Common Shares representing in the aggregate 98% of the total outstanding shares of Memorial Parent NewCo on the Effective Date, subject to dilution by the Management
Incentive Plan and the Memorial Limited Partner Warrants.
  

Additionally, if elected by the Requisite Noteholders no later than the Plan voting deadline, in their sole discretion, on the Effective Date
each Unsecured Noteholder shall receive a Pro Rata share of a $24,639,691.88 Cash distribution.
  

Impaired – Entitled to Vote

		
	General Unsecured Claims:	  	 On the Effective Date, except to the extent that a holder of a General Unsecured Claim agrees to different treatment, the
Company or Reorganized Company, as applicable, will continue to pay or dispute each General Unsecured Claim in the ordinary course of business as if the Chapter 11 Cases had never been commenced.

 
 Unimpaired – Presumed to Accept

		
	Intercompany Claims:	  	 All Intercompany Claims will be paid, adjusted, reinstated or discharged as determined by the Company subject to the consent
of the Requisite Noteholders.
  
 Unimpaired – Presumed
to Accept

		
	Intercompany Interests:	  	 On the Effective Date, or as soon as practicable thereafter, all Intercompany Interests will be
reinstated.

  
 4 

			
		  	 Unimpaired – Presumed to Accept

		
	 Memorial Parent Interests:
	  	 On the Effective Date, the Memorial Parent Interests will be cancelled and, pursuant to the terms of the Restructuring
Transactions, each Memorial Limited Partner will receive its Pro Rata share of (a) New Common Shares representing in the aggregate 2% of the total outstanding shares of Memorial Parent NewCo on the Effective Date, and (b) the Memorial Limited
Partner Warrants, in each case subject to dilution by the Management Incentive Plan and, in the case of such New Common Shares, the Memorial Limited Partner Warrants.

 
 Impaired – Deemed to Reject

		
	 Section 510(b) Claims:
	  	 Any holder of a claim against the Company that is described in section 510(b) of the Bankruptcy Code shall not receive a
distribution under the Plan and such section 510(b) claims shall be extinguished.
  

Impaired – Deemed to Reject

	
	General Provisions
		
	 Ballots:
	  	 Each Unsecured Noteholder will be asked to separately certify on such Unsecured Noteholder’s ballot (a) the amount
and type of Memorial Parent Interests that such Unsecured Noteholder owns, for U.S. federal income tax purposes, as of the date of execution of the ballot and (b) that such Unsecured Noteholder will not acquire, for U.S. federal income tax purposes,
any Memorial Parent Interests after the date of execution of the ballot.

		
	Definitive Documents:	  	 This Restructuring Term Sheet is indicative, and any final agreement will be subject to the Definitive Documents. The
Definitive Documents will contain terms, conditions, representations, warranties, and covenants, each customary for the transactions described herein and consistent with the terms of this Restructuring Term Sheet.

		
	Most Favored Nations Provision for Consenting Noteholders:	  	 Any plan support agreement or similar agreement with the RBL Credit Facility Lenders entered into by the Company (any
such agreement, the “RBL Plan Support Agreement”) shall be on terms substantially similar to the Plan Support Agreement, and any “termination events” in any such RBL Plan Support Agreement that are favorable to the RBL
Credit Facility Lenders (if analogous provisions are not already in the Plan Support Agreement or are in the Plan Support Agreement in a manner less favorable to the Consenting Noteholders), shall be deemed automatically incorporated into the Plan
Support Agreement for the benefit of (and modified to be applicable to) the Consenting Noteholders immediately upon the effectiveness of the RBL Plan Support Agreement.

		
	Executory Contracts and Unexpired Leases:	  	 The Company reserves the right to reject certain executory contracts and unexpired leases subject to the consent of the
Requisite Noteholders. All executory contracts and unexpired leases not expressly rejected will be deemed assumed pursuant to the Plan.

		
	 Corporate Governance:
	  	 Upon the Effective Date, the New Board shall be a five member board composed of (a) the Chief Executive Officer and
(b) four directors designated by the Requisite

  
 5 

			
		  	 Noteholders; provided that the Requisite Noteholders will consider at least two directors proposed by the
Chief Executive Officer. The members of the New Board shall be identified no later than the confirmation hearing or otherwise in accordance with section 1129(a)(5) of the Bankruptcy Code. On the Effective Date, the terms of the current members of
the board of directors of Memorial General Partner shall expire. The terms and conditions of the new corporate governance documents of the Reorganized Company (including the bylaws, certificates of incorporation, partnership agreements and other
organizational and governance documents) shall be subject to the consent of the Requisite Noteholders.
  

The stockholders agreement will provide that if Unsecured Noteholders beneficially owning, in the aggregate, at least 10% of the New Common
Shares, desire to effect the sale of New Common Shares to a third party (other than a competitor), then Memorial Parent Newco shall use its commercially reasonable efforts to cooperate with such proposed sale, including by providing such information
regarding the business of Memorial Parent Newco as may be reasonably requested in connection with such sale (subject to appropriate confidentiality agreements); provided that (a) such request may not be made more than two times in
any twelve month period and shall not in any event exceed three times and (b) Memorial Parent Newco shall not be required to expend fees in excess of $25,000 in connection with any such request. For the avoidance of doubt, the foregoing
obligation shall not include the obligation to participate in “road shows,” furnish any opinions or comfort letters, or take other actions customary for a registered offering.

		
	Cancellation of Existing Securities and Agreements	  	 Except as expressly provided in the Plan, on the Effective Date, all notes, instruments, certificates evidencing debt
of, or equity interests in, the Debtors, including, without limitation, the RBL Credit Facility (to the extent such facility is not amended and restated), the Unsecured Notes, the Unsecured Notes Indentures, the Memorial Parent Interests, and
all warrants, options, and other entitlements to purchase and/or receive Memorial Parent Interests, shall be deemed surrendered and cancelled and any obligation of the Debtors thereunder shall be discharged.

		
	 Management Incentive Plan:
	  	 A post-Restructuring management incentive plan to be approved and implemented with the terms more specifically set forth
in the term sheet attached as Annex 4 hereto (the “Management Incentive Plan”).

  
 6 

			
	 Compensation Plans:
	  	 The existing senior management change in control agreements (each, a “CIC Agreement”), the Key Employee
Incentive Plan (the “KEIP”) and the Key Employee Retention Program (the “KERP”) will be assumed, subject to the modifications described below.

 
 Each executive’s CIC Agreement will be modified to
provide that the occurrence of the Effective Date will not be a “Change of Control” for purposes of such CIC Agreement, provided that the severance benefits under the CIC Agreements shall be applicable in connection with the Restructuring
to the extent provided in the Management Incentive Plan.
  

The KEIP will be modified to provide that, with respect to each participant therein, (a) such participant will be eligible for a pro-rata
annual bonus for the portion of the 2017 calendar year that follows the end of the calendar quarter in which the Restructuring is consummated, in lieu of the quarterly bonuses for which such participant is currently eligible for the remainder of
such year, in an amount equal to the aggregate amount of such remaining quarterly bonuses and (b) to receive payment of such pro-rata annual bonus, such participant must in all circumstances be employed on the date following the end of 2017 on which
the annual bonuses for 2017 are paid to participants in the KEIP generally. For avoidance of doubt, each participant will remain eligible for their quarterly KEIP bonus for the full calendar quarter in which the Restructuring is
consummated.

		
	Releases, Exculpation, and Indemnification:	  	 The Plan and Confirmation Order shall provide customary releases (including third party releases), exculpation, and
indemnification provisions, in each case, to the fullest extent permitted by law, for the benefit of the Debtors, the Reorganized Debtors, the Unsecured Noteholders, the Unsecured Notes Trustee, the administrative agent for the Exit Credit Facility
and the lenders thereunder, and with respect to the foregoing, such entities’ predecessors, successors and assigns, subsidiaries, affiliates, managed accounts or funds, and all of their respective current and former officers, directors,
principals, shareholders, members, partners, employees, agents, advisory board members, financial advisors, attorneys, accountants, investment bankers, consultants, representatives, management companies, fund advisors, and other professionals, and
such persons’ respective heirs, executors, estates, servants and nominees.

		
	 Injunction:
	  	 The Plan will contain standard and customary injunction provisions.

		
	Securities Exemptions and Registration Rights:	  	 The issuance and distribution under the Plan of (a) the New Common Shares to the Unsecured Noteholders and Memorial
Limited Partners, and (b) the Memorial Limited Partner Warrants, and the New Common Shares issuable upon exercise thereof, will be exempt from registration under the Securities Act or applicable securities laws without further act or action by any
person pursuant to section 1145(a) of the Bankruptcy Code and/or any other applicable exemptions.
  

If directed by the Requisite Noteholders, in their sole discretion, the Reorganized Company will use commercially reasonable efforts to cause
the New Common Shares to be listed for trading on The NASDAQ Global Market or another national securities exchange or quoted on a recognized over-the-counter market on or as soon as practicable after the Effective Date. On the Effective Date,
Memorial Parent Newco and the Unsecured Noteholders will enter into a registration rights agreement providing for customary registration rights exercisable by any Unsecured Noteholder that (a) beneficially owns at least 10% of the New Common Shares
or (b) furnishes an

  
 7 

			
		  	 opinion of legal counsel to the effect that such Unsecured Noteholder could reasonably be considered to be an affiliate
of Memorial Parent Newco for purposes of Rule 144 of the Securities Act of 1933, as amended.

		
	 Retention of Jurisdiction:
	  	 The Plan will provide for a broad retention of jurisdiction by the Bankruptcy Court for (a) resolution of Claims,
(b) allowance of compensation and expenses for pre-Effective Date services, (c) resolution of motions, adversary proceedings or other contested matters, (d) entering such orders as necessary to implement or consummate the Plan and any
related documents or agreements and (e) other purposes.

  
 8 

 ANNEX 1 

Defined Terms 

 Defined Terms 

 

			
	 “AcquisitionCo”
	  	 A Delaware corporation formed by Memorial Parent NewCo in accordance with the Restructuring Transactions.

		
	“Administrative Expense Claim”	  	 A Claim for costs and expenses of administration during the Chapter 11 Cases pursuant to sections 328, 330, 363,
364(c)(1), 365, 503(b) or 507(a)(2) of the Bankruptcy Code, including, (a) the actual and necessary costs and expenses incurred from and after the Petition Date and through the Effective Date of preserving the Estates and operating the businesses of
the Debtors (such as wages, salaries or commissions for services and payments for goods and other services and leased premises); (b) Fee Claims; (c) Restructuring Expenses; and (d) all fees and charges assessed against the Estates pursuant to
sections 1911 through 1930 of chapter 123 of title 28 of the United States Code, 28 U.S.C. §§ 1-1401.

		
	 “Allowed”
	  	 With reference to any Claim or Interest, (a) any Claim or Interest arising on or before the Effective Date (i) as to
which no objection to allowance has been interposed within the time period set forth in the Plan, or (ii) as to which any objection has been determined by a Final Order of the Bankruptcy Court to the extent such objection is determined in favor of
the respective holder, (b) any Claim or Interest as to which the liability of the Debtors and the amount thereof are determined by a Final Order of a court of competent jurisdiction other than the Bankruptcy Court or (c) any Claim or Interest
expressly allowed under the Plan; provided, however, that notwithstanding the foregoing, the Reorganized Company shall retain all claims and defenses with respect to Allowed Claims that are reinstated or otherwise unimpaired pursuant
to the Plan.

		
	 “Bankruptcy Code”
	  	 Title 11 of the United States Code, 11 U.S.C. §§ 101, et seq., as amended.

		
	 “Bankruptcy Rules”
	  	 The Federal Rules of Bankruptcy Procedure as promulgated by the United States Supreme Court under section 2075 of title
28 of the United States Code, as amended from time to time, applicable to the Chapter 11 Cases, and any local rules of the Bankruptcy Court.

		
	 “Bankruptcy Court”
	  	 The United States Bankruptcy Court for the Southern District of Texas.

		
	 “Cash”
	  	 Legal tender of the United States of America.

		
	 “Chapter 11 Cases”
	  	 The Debtors’ cases under chapter 11 of the Bankruptcy Code and pending before the Bankruptcy Court.

		
	 “Claim”
	  	 A “claim,” as defined in section 101(5) of the Bankruptcy Code, against any Debtor.

		
	 “Class”
	  	 Any group of Claims or Interests classified by the Plan pursuant to section 1122(a)(1) of the Bankruptcy
Code.

		
	 “Confirmation”
	  	 The entry on the docket of the Chapter 11 Cases of the Confirmation Order.

		
	 “Confirmation Order”
	  	 The order of the Bankruptcy Court confirming the Plan in the Chapter 11 Cases, which order shall be in form and
substance reasonably satisfactory to the Company and the Requisite Noteholders.

			
	 Defined Terms

 

	 “Contributed Notes Claims”
	  	 The Allowed Unsecured Notes Claims contributed to Contribution LLC by the Contributing Noteholders pursuant to the
Restructuring Transactions.

		
	 “Contribution LLC”
	  	 A Delaware limited liability company formed by the Contributing Noteholders in accordance with the Restructuring
Transactions.

		
	 “Contribution LLC Units”
	  	 The membership units in Contribution LLC.

		
	 “Contributing Noteholders”
	  	 Certain of the Consenting Noteholders who hold in the aggregate at least 52% (but no more than 77%), or such lesser
amount as reasonably determined by counsel to the Consenting Noteholders and the Debtors, of the Allowed Unsecured Notes Claims.

		
	 “Definitive Documents”
	  	 The documents (including any related agreements, instruments, schedules, or exhibits) that are necessary or desirable to
implement, or otherwise relate to, the Restructuring, including the Plan Support Agreement, the Plan (including any plan supplements), the Disclosure Statement, any order approving the Disclosure Statement, and any order confirming the Plan, in each
case on terms and conditions consistent with the Restructuring Term Sheet and otherwise in form and substance reasonably satisfactory to the Company and the Requisite Noteholders.

		
	 “Disclosure Statement”
	  	 The disclosure statement for the Plan prepared and distributed in accordance with sections 1125, 1126(b), and 1145 of
the Bankruptcy Code, Bankruptcy Rules 3016 and 3018 and/or other applicable law.

		
	 “Disputed”
	  	 With respect to a Claim or Interest, any such Claim or Interest (a) to the extent neither Allowed nor disallowed under
the Plan or a Final Order nor deemed Allowed under section 502, 503, or 1111 of the Bankruptcy Code, or (b) for which a proof of claim or interest for payment has been made, to the extent the Debtors or any party in interest has interposed a timely
objection or request for estimation before the date of Confirmation in accordance with the Plan, which objection or request for estimation has not been withdrawn or determined by a Final Order.

		
	 “Effective Date”
	  	 The date on which all conditions to the effectiveness of the Plan have been satisfied or waived in accordance with its
terms.

		
	 “Eligible Noteholder”
	  	 An Unsecured Noteholder that, as of a certain date set forth in the Disclosure Statement, is an “Accredited
Investor” as defined in Rule 501(a) of Regulation D of the Securities Act.

		
	 “Estate(s)”
	  	 Individually or collectively, the estate or estates of the Company created under section 541 of the Bankruptcy
Code.

		
	“Exit Facility Revolver Lenders”	  	 The lenders from time to time party to the Exit Credit Facility as revolving loan lenders thereunder, including any
applicable assignees and participants thereof.

		
	 “Fee Claim”
	  	 A Claim for professional services rendered or costs incurred on or after the Petition Date and on or before the
Effective Date by professional persons retained in the Chapter 11 Cases by the Debtors or any statutory committee appointed in the Chapter 11 Cases pursuant to sections 327, 328, 329, 330, 331, 503(b), or 1103 of the Bankruptcy
Code.

  
 2 

			
	Defined Terms
		
	 “Final Order”
	  	 An order or judgment of a court of competent jurisdiction that has been entered on the docket maintained by the clerk of
such court, which has not been reversed, vacated or stayed and as to which (a) the time to appeal, petition for certiorari, or move for a new trial, reargument or rehearing has expired and as to which no appeal, petition for
certiorari, or other proceedings for a new trial, reargument or rehearing shall then be pending, or (b) if an appeal, writ of certiorari, new trial, reargument or rehearing thereof has been sought, such order or judgment shall have
been affirmed by the highest court to which such order was appealed, or certiorari shall have been denied, or a new trial, reargument or rehearing shall have been denied or resulted in no modification of such order, and the time to take any
further appeal, petition for certiorari or move for a new trial, reargument or rehearing shall have expired; provided, however, that no order or judgment shall fail to be a “Final Order” solely because of the
possibility that a motion pursuant to section 502(j) or 1144 of the Bankruptcy Code or under Rule 60 of the Federal Rules of Civil Procedure or Bankruptcy Rule 9024 has been or may be filed with respect to such order or judgment.

		
	 “Intercompany Claim”
	  	 Any Claim against a Debtor held by another Debtor.

		
	 “Intercompany Interest”
	  	 Any Interest in a Debtor held by another Debtor or an Interest in a Debtor held by an affiliate of a Debtor (other than
any Memorial Parent Interests).

		
	 “Interest”
	  	 Any ownership interest in any Debtor, including all partnership interests, common stock or units, preferred stock or
units, or other instrument evidencing an ownership interest in any Debtor, whether or not transferable, and including any option, warrant, or right, contractual or otherwise, to acquire any such interests in a Debtor that existed immediately before
the Effective Date.

		
	“Memorial Limited Partner Warrants”	  	 The cashless warrants to purchase New Common Shares representing 8% of the total issued and outstanding New Common
Shares on the Effective Date (including New Common Shares issuable upon full exercise of the Memorial Limited Partner Warrants but excluding any New Common Shares issued pursuant to the Management Incentive Plan), subject to dilution by the
Management Incentive Plan, exercisable for a five (5) year period commencing on the Effective Date at a per share exercise price equal to the principal and accrued interest on the Unsecured Notes as of December 31, 2016 divided by the number of
issued and outstanding New Common Shares (including New Common Shares issuable upon full exercise of the Memorial Limited Partner Warrants but excluding any New Common Shares issued pursuant to the Management Incentive Plan).

		
	 “Memorial General Partner”
	  	 Memorial Production Partners GP LLC.

		
	 “Memorial Parent NewCo”
	  	 A Delaware corporation formed by Contribution LLC in accordance with the Restructuring Transactions.

		
	 “New Board”
	  	 The board of directors of Memorial Parent NewCo.

		
	 “New Common Shares”
	  	 The common shares, par value $0.01 per share, of Memorial Parent NewCo, to be issued and distributed under the
Plan.

  
 3 

			
	 Defined Terms

 

	 “Other Priority Claim”
	  	 Any Claim entitled to priority in payment as specified in section 507(a)(3), (4), (5), (6), (7) or (9) of the Bankruptcy
Code (other than an Administrative Expense Claim or a Priority Tax Claim).

		
	 “Other Secured Claim”
	  	 A Secured Claim, other than an Administrative Expense Claim, a Priority Tax Claim, an RBL Credit Facility Claim, or any
other Secured Claim that receives alternative treatment under the Plan.

		
	 “Petition Date”
	  	 The date of commencement of the Chapter 11 Cases.

		
	 “Priority Tax Claim”
	  	 Any secured or unsecured Claim of a governmental unit of the kind entitled to priority in payment as specified in
sections 502(i) and 507(a)(8) of the Bankruptcy Code.

		
	 “Pro Rata”
	  	 The proportion that an Allowed Claim or Interest in a particular Class bears to the aggregate amount of Allowed Claims
or Interests in that Class, or the proportion that Allowed Claims or Interests in a particular Class bear to the aggregate amount of Allowed Claims or Interests in a particular Class and other Classes entitled to share in the same recovery as such
Allowed Class under the Plan.

		
	 “RBL Credit Facility Lenders”
	  	 The lenders from time to time party to the RBL Credit Facility as lenders thereunder, including any applicable assignees
and participants thereof.

		
	 “Reorganized Company”
	  	 The Company, as reorganized on the Effective Date in accordance with the Plan, including, with respect to Memorial
Parent, Memorial Parent NewCo.

		
	 “Requisite Noteholders”
	  	 As of the date of determination, Consenting Noteholders holding at least a majority in aggregate principal amount
outstanding of the Unsecured Notes held by the Consenting Noteholders as of such date.

		
	 “Secured Claim”
	  	 A Claim, to the extent (a) secured by property of the Estate, the amount of which is equal to or less than the value of
such property (i) as set forth in the Plan, (ii) as agreed to by the holder of such Claim and the Company, or (iii) as determined by a Final Order in accordance with section 506(a) of the Bankruptcy Code, or (b) secured by the amount of any rights
of setoff of the holder thereof under section 553 of the Bankruptcy Code.

		
	 “Unsecured Notes Trustee”
	  	 Wilmington Trust, National Association in its capacity as trustee under the Unsecured Notes Indentures, together with
its successors and assigns.

  
 4 

 ANNEX 2 

Exit Facility Term Sheet 

 

 
 Memorial Production Partners, L.P. Confidential Discussion Terms &amp; Conditions December 20, 2016
CONFIDENTIAL DRAFT FRE 408 – SETTLEMENT COMMUNICATIONS 

 

 
 Disclaimer CONFIDENTIAL DRAFT FRE 408 – SETTLEMENT COMMUNICATIONS The terms set forth in this Confidential
Discussion Terms and Conditions (this “Document”) are being provided on a confidential basis as part of a comprehensive proposal, each element of which is consideration for the other elements and an integral aspect of the proposal. This
Document is for discussion purposes only and is not a commitment for any financing arrangement. Any agreement to amend the Credit Agreement, dated as of December 20, 2011 (as amended, restated or otherwise modified from time to time), among Memorial
Production Operating LLC, Memorial Production Partners, LP, Wells Fargo Bank, National Association, as administrative agent (the “Agent”), and the lenders from time to time party thereto (the “Lenders”), will be subject to
definitive documentation satisfactory to the Agent and the Lenders, each acting in its sole discretion, and approval from each such person’s internal credit committees (if any). The Agent cannot guarantee that any such approval will be sought
or obtained by the Agent or the Lenders on these terms. This Document is proffered in the nature of a settlement proposal in furtherance of settlement discussions, and is intended to be entitled to the protections of Federal Rule of Evidence 408 and
any other applicable statutes or doctrines protecting the use or disclosure of confidential information and information exchanged in the context of settlement discussions. Memorial Production Partners, LP 2 

 

 
 Restructuring Proposal CONFIDENTIAL DRAFT FRE 408 – SETTLEMENT COMMUNICATIONS Amortizing Borrowing Base
(see page 5) Varies based on hedges achieved, see page 4 Facility $480-500mm at Exit ( if January 2017 Exit); $460-475mm by Nov. ‘17 First BBRD Nov. ‘17; company gets one interim First lien on all assets Security Mortgages on no less than
95% of oil and gas assets Maturity March 2021 Leverage: 4.0x Financial Interest Coverage: 2.5x Covenants Current Ratio: 1.0x Leave $80mm of MTM in place ( in ‘17 and in ‘18) Commodity Monetize all other hedges (prepetition) Within 10 days
of exit add new hedges until 50% of PDP through Cal’18. By FYE ‘17, must add 50% of PDP in Cal’19. All new hedges with Hedging lenders only. Libor + 300-400 Pricing Grid 50 bps unused fee at all tiers Lender Fees Upfront fee: 100 bps
Anti-Cash Hoarding: see page 5 Reset various lien and debt baskets Current market terms for restructured RBLs Other Unsecured debt basket: see page 5 Second lien debt basket: none Any first lien lender that does not consent to the terms of the exit
facility will receive first lien, second out term loans Memorial Production Partners, LP 3 

 

 
 Hedge Summary CONFIDENTIAL DRAFT FRE 408 – SETTLEMENT COMMUNICATIONS Company is required to add hedges for
50% of 2019 PDP volumes by the end of calendar 2017. Required Total Hedge Volumes Required Total Hedges Oil (Mbl) Gas (MMcf) Volume Volume 2017 1,566 14,810 2018 1,453 13,216 Less: Retained Hedges Retained Hedges Oil (MMbl) Gas (MMcf) Volume Strike
Volume Strike 2017 762 $83.43 10,080 $4.272 2018 984 $84.58 8,880 $4.308 = New Hedges Targets Chart 1A Chart 1B New Additional Hedges Target to Achieve $460mm Borrowing Base New Additional Hedges Target to Achieve $475mm Borrowing Base Oil (Mbl) Gas
(MMcf) Oil (Mbl) Gas (MMcf) Volume Strike Volume Strike Volume Strike Volume Strike 2017 804 $48.24 4,730 $2.886 2017 804 $51.96 4,730 $3.285 2018 469 $49.90 4,336 $2.837 2018 469 $53.13 4,336 $3.016 Memorial Production Partners, LP 4 

 

 
 Other Necessary Information CONFIDENTIAL DRAFT FRE 408 – SETTLEMENT COMMUNICATIONS Borrowing Base
Amortization Schedule during BBRD Holiday: Amortization Schedule BB Jan Feb Mar Apr May June July Aug Sep Oct Nov 1a 480.0 478.0 476.0 474.0 472.0 470.0 468.0 466.0 464.0 462.0 460.0 1b 500.0 497.5 495.0 492.5 490.0 487.5 485.0 482.5 480.0 477.5
475.0 Anti-Cash Hoarding: Anti-cash hoarding limit is $35MM; provided that the Company may elect to increase the anti-cash hoarding limit by $15MM at the time when proceeds from asset sales greater than such assets? contribution to the borrowing
base equal or exceed $15MM; provided further that (a) at such time when the Company has a total of $10MM or greater of unsecured debt outstanding, the Company will no longer have the ability to increase the anti-cash hoarding limit above $35MM, and
(b) if the Company increased the anti-cash hoarding limit as described in the previous proviso, the anti-cash hoarding limit will be immediately decreased to $35MM at such time when the Company has a total of $10MM or greater of unsecured debt
outstanding. Unsecured Debt Basket: If a borrowing base redetermination would leave the Company with less than $50MM of liquidity after the repayment of the borrowing base deficiency resulting from such borrowing base redetermination, within 90 days
of such borrowing base redetermination, the Company may issue a total of up to $80MM of unsecured debt, provided that (a) such debt bears cash interest of no more than 3% per annum, has no PIK interest above a rate that, together with the cash
interest, exceeds the interest rate on the RBL, has a maturity longer than the RBL by at least 180 days and has no amortization or mandatory or voluntary prepayments before that date; (b) the borrowing base deficiency caused by the redetermination
is paid in full on the date of such issuance; (c) on the date of any such issuance, the Company is hedged no less than 50% of PDP for the next three years; (d) such unsecured debt is issued at par (no OID) and there are no upfront fees associated
with such unsecured debt (but fees payable only at maturity or upon prepayment would be permitted so long as the RBL debt is paid off in full before any such fees may be paid by the Company; provided that any such fees are no greater than the market
rates for upfront fees at the time such debt is incurred); (e) no Default or Event of Default has occurred and is continuing at the time of any such issuance, or would exist immediately after giving effect to any such issuance; and (f) such debt is
contractually subordinated to the RBL debt on terms acceptable to the Administrative Agent (including such terms to be agreed and listed on a schedule to the Credit Agreement). In no event shall the total unsecured debt so issued exceed $80MM.
Memorial Production Partners, LP 5 

 ANNEX 3 

Restructuring Transactions 

Pursuant to the Plan,1 the following transactions shall occur on or before the Effective
Date in the order specified below: 
  

	1.	 On or prior to the Effective Date, the Contributing Noteholders shall contribute all of the Contributed Notes
Claims to Contribution LLC, in exchange for Contribution LLC Units representing in the aggregate all of the equity capital of Contribution LLC. Each Consenting Noteholder shall receive its Pro Rata share of the Contribution LLC Units (excluding, any
Allowed Unsecured Notes Claims that are not Contributed Notes Claims). 

  

	2.	 On the Effective Date, Contribution LLC shall contribute the Contributed Notes Claims to Memorial Parent NewCo
in exchange for common shares in Memorial Parent NewCo representing in the aggregate all of the then outstanding common stock of Memorial Parent NewCo. 

  

	3.	 Memorial Parent NewCo shall contribute to AcquisitionCo (a) the Contributed Notes Claims, (b) a
number of New Common Shares sufficient to satisfy the Allowed Unsecured Notes Claims, other than Contributed Notes Claims, and Allowed Memorial Parent Interests in accordance with the treatment section of the Plan and (c) Memorial Limited
Partner Warrants, in exchange for common stock in AcquisitionCo representing in the aggregate all of the then outstanding common stock of AcquisitionCo. 

 

	4.	 AcquisitionCo shall acquire all of the assets of Memorial Parent (other than cash distributable on the
Effective Date pursuant to the Plan), subject to any liabilities of Memorial Parent not discharged, satisfied or otherwise provided for pursuant to the Plan (the “Asset Acquisition”) in exchange for (a) full and final
satisfaction of the Contributed Notes Claims, (b) the New Common Shares received by AcquisitionCo from Memorial Parent NewCo, and (c) Memorial Limited Partner Warrants. Immediately after the Asset Acquisition, Contribution LLC shall
continue to own more than 50% of the total outstanding New Common Shares. 

  

	5.	 On the Effective Date, in accordance with the treatment section of the Plan, Memorial Parent shall distribute
to holders of Allowed Unsecured Notes Claims, other than Contributed Notes Claims, and to holders of Memorial Parent Interests, as applicable, New Common Shares and Memorial Limited Partner Warrants. 

 

	6.	 In accordance with the Plan, there shall be a Management Incentive Plan under which an amount of New Common
Shares authorized as of the Effective Date shall be reserved for issuance to management and other key employees. 

 

	1 	Capitalized terms used but not otherwise herein defined have the meanings ascribed to them in Annex 1. 

 ANNEX 4 

MIP Term Sheet 

 ANNEX 4 

Memorial Parent NewCo., Inc. 

Post-Emergence Management Incentive Plan Term Sheet 

The following describes the principal terms of the management incentive plan (the “Plan”) to be adopted by Memorial Parent NewCo., Inc., a
Delaware corporation (the “Company”), in connection with the Restructuring, and the initial grant of awards post-Restructuring to management and other key employees as of the Effective Date (the “Emergence Awards”).
For the avoidance of doubt, the Plan (and the awards thereunder) shall be adopted and authorized in connection with the Restructuring and will not require board approval by the New Board or Committee. This term sheet does not contain all of the
terms and conditions of the Plan. Defined terms not otherwise defined herein shall have the meaning set forth in the Memorial Production Partners LP Restructuring Term Sheet. 

TERMS OF THE PLAN 
  

			
	 Category
	  	 Terms

	 Effective Date
	  	The Plan (and the Emergence Awards) shall be effective on the Effective Date.
		
	 Administration
	  	The New Board or such committee appointed by the New Board (the “Committee”) shall administer the Plan and make all determinations with respect to awards granted under the Plan; provided that the Emergence Awards
shall be as set forth below.
		
	 Participants
	  	 •       Participants who receive the Emergence Awards
shall be specified in a letter agreement by and between the Company and the counsel to the Consenting Noteholders (the “MIP Letter Agreement”).
  

•       Future awards shall be granted to such management and other key
employees of the Company and its subsidiaries who are designated by the Committee to receive awards under the Plan, taking into account the recommendations of the Company’s Chief Executive Officer.

		
	 Award Pool
	  	 •       10% of the New Common Shares outstanding as of
the Effective Date, taking into account dilution for shares issuable under the Plan (but not shares issuable under the Memorial Limited Partner Warrants) will be available for grant under the Plan (the “Award Pool”).

 

•       If any outstanding award expires or is forfeited, cancelled or
otherwise terminated, the shares underlying such award shall again be available for grant under the Plan.
  

•       Shares available and granted under the Plan shall be subject to
equitable adjustments in the event of capital restructuring events.

			
	 Category
	  	 Terms

		
	 Plan Awards
	  	 •       The Plan will be an “omnibus” incentive
plan (similar to the Memorial Production Partners GP LLC Long-Term Incentive Plan) which will permit the Committee to grant various types of equity awards, including:
  

•       stock options (ISOs and NQSOs)

 

•       stock appreciation rights

 

•       restricted stock

 

•       restricted stock units

 

•       phantom units

 

•       other stock-based awards.

		
	Vesting and Other Terms of Awards	  	 •       Vesting of future awards may be time- and/or
performance-based, and may include provisions for acceleration of vesting under certain circumstances, as specified by the Committee.
  

•       The Committee shall determine other terms and conditions of awards
(other than the Emergence Awards), including the terms of exercise, payment and forfeiture of awards.
  

•       Vesting and other terms of the Emergence Awards will be as described
below.

		
	 Liquidity and

Valuation
	  	 •       If the New Common Shares are not traded on a
national securities exchange at the time of payment of an award, then subject to any applicable restrictions under the RBL Credit Facility, liquidity will be provided by the Company for vested awards or shares upon termination of employment without
“Cause,” for “Good Reason,” or upon death or “Disability” (such terms as defined in the Memorial Production Partners LP Key Employee Incentive Plan). In addition, the Plan will provide that, if the New Board, in
consultation with the Company’s Chief Executive Officer, determines that it is appropriate to provide participants reasonable liquidity opportunities in other circumstances, such opportunities will be provided, subject to any applicable
restrictions under the RBL Credit Facility.
  

•       If not so traded, valuation of New Common Shares shall be determined
based upon a pre-established formula (e.g., multiple of earnings) or independent appraisals obtained on an ongoing basis (e.g., quarterly valuations), as determined by the Committee. Valuations will be communicated to Participants.

 TERMS OF EMERGENCE AWARDS 
  

			
	 Category
	  	 Terms

		
	Participants	  	The Emergence Awards will be allocated to management and other key employees, as set forth in the MIP Letter Agreement (the “Initial Participants”).
		
	 Emergence
 Award Pool
	  	 •       The Emergence Awards will represent 50% of the
Award Pool (5% of the New Common Shares).

  
 2 

			
	 Category
	  	 Terms

		
		  	 •       Emergence Awards will be granted to the Initial
Participants on the Effective Date in accordance with the MIP Letter Agreement.

		
	 Form of
 Emergence

Awards
	  	 •       50% of the Emergence Awards (2.5% of the New
Common Shares) will be granted in the form of restricted stock units (“RSUs”). RSUs will include dividend equivalent rights, which will be accumulated and reinvested in RSUs, subject to vesting.

 

•       50% of the Emergence Awards (2.5% of the New Common Shares) will be
granted in the form of non-qualified stock options (“Stock Options”). For the Stock Options, the term will be six (6) years and the exercise price will equal the VWAP Price (or Plan Equity Value, if the New Common Shares are not
listed on a national exchange on the Effective Date).
  

•       “VWAP Price” means the volume-weighted average price
of a New Common Share for the 20 calendar day period beginning on the 11th calendar day after the Effective Date and ending on the 30th calendar day after the Effective Date (as determined consistent with the requirements of Section 409A of the
Internal Revenue Code).
  

•       “Plan Equity Value” means the reorganized equity
value of the New Common Shares on the Effective Date.

		
	Vesting	  	 •       RSUs – one-third (1/3) of the New Common
Shares subject to such award will vest on each of the first three anniversaries of the Effective Date, subject to the participant’s continued employment.
  

•       Stock Options – one-third (1/3) of the New Common Shares subject
to such award will vest on each of the first three anniversaries of the Effective Date, subject to the participant’s continued employment.
  

•       Upon termination of employment without “Cause,” for
“Good Reason,” or upon death or “Disability” (such terms as defined in the Memorial Production Partners LP Key Employee Incentive Plan), the RSUs will become fully vested, and the Stock Options that were scheduled to vest within
12 months following such termination will vest. If the New Common Shares are not then listed on a national securities exchange, the shares will be valued at the time of termination as provided above.

 

•       Emergence Awards will become fully vested in the event of termination
of employment without “Cause” or for “Good Reason,” in either case following a “Change in Control” of the Company (as defined in the Plan).
  

•       Upon the termination of employment without “Cause” or for
“Good Reason” of a participant within two (2) years following the Effective Date who is party to a Change in Control Agreement, such participant would be paid the greater of (A) the aggregate cash value of the payments or benefits due
under Section 3 of the participant’s Change in Control Agreement, or (B) the aggregate cash value of his or her Emergence Awards, with RSU value determined based upon the then value of the New Common Shares and Stock Options determined
based on the value of such Stock Options at the time of such termination; provided that the foregoing payment shall be calculated solely by reference to clause (B) if in the good faith judgment of the New
Board

  
 3 

			
	 Category
	  	 Terms

		  	 providing a greater payment pursuant to clause (A) is not warranted because the participant was terminated for poor
performance. The Change in Control Agreements will otherwise be modified to apply to a future Change in Control event.

		
	Exercise and Settlement	  	 •       RSUs – payment in New Common Shares (with
tax withholding paid in cash or, if permitted by the Committee at the time, via “net” settlement); payment within 30 days following vesting.
  

•       Stock Options – may be exercised by payment of exercise price and
withholding taxes in cash (or, if permitted by the Committee at the time, shares or “net” exercise).

  
 4 

 EXHIBIT B 

FORM OF JOINDER AGREEMENT FOR CONSENTING NOTEHOLDERS 

This Joinder Agreement to the Plan Support Agreement, dated as of
[            ], 2016 (as amended, supplemented or otherwise modified from time to time, the “Plan Support Agreement”), between Memorial Production Partners LP (the
“Memorial Parent”), the subsidiaries of the Memorial Parent party thereto, and the holders of the principal amounts outstanding under the Unsecured Note Indentures (together with their respective successors and permitted assigns,
the “Consenting Noteholders” and each, a “Consenting Noteholder”) is executed and delivered by
                                        
             (the “Joining Party”) as of
                            , 2017. Each capitalized term used herein but not otherwise defined shall
have the meaning set forth in the Plan Support Agreement. 
 1. Agreement to Be Bound. The Joining Party
hereby agrees to be bound by all of the terms of the Plan Support Agreement, a copy of which is attached to this Joinder Agreement as Annex I (as the same has been or may be hereafter amended, restated, or otherwise modified from time to time
in accordance with the provisions hereof). The Joining Party shall hereafter be deemed to be a “Consenting Noteholder” and a “Party” for all purposes under the Plan Support Agreement and with respect to any and all Claims held by
such Joining Party. 
 2. Representations and Warranties. With respect to the aggregate principal amount of
6.875% Senior Unsecured Notes, and the aggregate principal amount of 7.625% Senior Unsecured Notes, in each case, set forth below its name on the signature page hereto, the Joining Party hereby makes the representations and warranties of the
Consenting Noteholders set forth in Section 8 of the Plan Support Agreement to each other Party to the Plan Support Agreement. 

3. Governing Law. This Joinder Agreement shall be governed by and construed in accordance with the internal laws
of the State of New York, without regard to any conflict of laws provisions which would require the application of the law of any other jurisdiction. 

[Signature page follows.] 

 IN WITNESS WHEREOF, the Joining Party has caused this Joinder to be executed as of the date first
written above. 
  

			
	[CONSENTING NOTEHOLDER]
		
	By:	 	  

	Name:	 	
	Title:	 	

 Principal Amount of the 6.875% Senior Unsecured Notes:
$                     
 Principal Amount of the
7.625% Senior Unsecured Notes: $                     
  

					
	Notice Address:	 		 	

					
		
	  
	 	
	  
	 	
	  
	 	
	Fax:	 	  
	 	
	Attention:	 	  
	 	
	Email:	 	  
	 	

  

			
	Acknowledged:
	
	MEMORIAL PRODUCTION PARTNERS LP
		
	By:	 	Memorial Production Partners GP, LLC,
		 	its general partner
		
	By:	 	  

	Name:	 	
	Title:	 	

 EXHIBIT C 

Dear [INVESTOR], 
 On [●], 2017,
Memorial Production Partners LP (“Memorial Parent”) and its subsidiaries commenced a solicitation of votes for a plan of reorganization (the “Plan”) pursuant to chapter 11 of the Bankruptcy Code. An electronic copy
of the Plan is available on the case information website http://www.[●].com. 
 In connection with the Plan, we have
been requested by Memorial Parent to inform our investors of potential adverse tax consequences to those investors that own, directly or indirectly, both (a) equity interests in [CONSENTING NOTEHOLDER] and (b) equity interests in Memorial
Parent (including any options, warrants, or rights to acquire an equity interest in Memorial Parent, each a “Memorial Parent Interest”) upon consummation of the Plan, as more fully described in the Plan. Each such investor should
review the Plan and seek advice from its tax advisors regarding the potential tax consequences to it of owning Memorial Parent Interests upon the consummation of the Plan or disposing such Memorial Parent Interests before the consummation of the
Plan.  
 This notification is being provided for informational purposes only and should not be construed as legal, business,
financial or tax advice. 
 Kind regards, 
 [CONSENTING
NOTEHOLDER] 

 Schedule A 

 

	1)	 Any default or event of default arising from or related to a failure by the Memorial Parties to pay any
amounts on the 7.625% Senior Unsecured Notes, including any cross-defaults arising from or related to such failure. 

  

	2)	 Any default or event of default arising from or related to entry into or performance under this Plan Support
Agreement by the Memorial Parties and the Consenting Noteholders, including, without limitation, the execution or commencement of Solicitation of the Plan. 

 Schedule B

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