Document:

Blueprint

 

Exhibit 10.1

SECURITY AGREEMENT

 

THIS
SECURITY AGREEMENT made as of this 3rd
day of April 2018,
by and between BREKFORD TRAFFIC SAFETY, INC.
(“BTS” or “Debtor”)), a Delaware
corporation, and CEDARVIEW OPPORTUNITIES MASTER FUND, LP, a
Delaware limited partnership, with an office located at One Penn
Plaza, 45th Floor, New York, NY 10119 (the
“Creditor”).

 

1.
DEFINITIONS.

 

(a)
“Liability” or “liabilities” includes all
liabilities (primary, secondary, direct, contingent, sole, joint or
several) due or to become due, or that are now or may be hereafter
contracted or acquired, under the Obligations (as hereinafter
defined) of Debtor to the Creditor, both before and after any
bankruptcy of the Debtor.

 

(b)
“Proceeds” means whatever is received when Collateral
is sold, exchanged, leased, collected or otherwise disposed of and
includes the account arising when the right to payment is earned
under a contract.

 

(c)
“Security Interest” means a lien or other interest in
Collateral which secures payment of a Liability or performance of
an Obligation.

 

(d)
“Collateral” means all of the Debtor’s right,
title and interest in and to all of the following property and
interests in property (collectively, the “Assets”),
whether tangible or intangible and whether now owned or existing or
hereafter arising or acquired and wheresoever located:

 

(i)           All
present and future rights of Debtor to payment for goods sold and
delivered or leased or for services rendered, which are not
evidenced by instruments or chattel paper, and whether or not
earned by performance (hereafter collectively referred to as
“Accounts”);

 

(ii)           All
present and future contract rights, general intangibles (including,
without limitation, tax and duty refunds, registered and
unregistered patents, trademarks, service marks, copyrights, trade
names, applications for the foregoing, trade secrets, goodwill,
processes, drawings, blueprints, customer lists, licenses, whether
as licensor or licensee, chooses in action and other claims and
existing and future leasehold interests in equipment, real estate
and fixtures), chattel paper, documents, instruments, securities,
letters of credit, bankers' acceptances, guaranties and all other
intellectual property rights of any kind;

 

(iii)

All
present and future monies, securities, credit balances,
deposits,

deposit
accounts, investment property and other property of Debtor now or
hereafter held or received by or in transit to Debtor or their
affiliates and all present and future liens, security interests,
rights, remedies, title and interest in, to and in respect of the
Collateral;

 

1

 

 

 

(iv)                      All
of Debtor's now owned and hereafter acquired equipment, machinery,
computers and computer hardware and software (whether owned or
licensed), vehicles, tools, furniture, fixtures, all attachments,
accessions and property now or hereafter affixed thereto or used in
connection therewith, and substitutions and replacements thereof,
wherever located and any and all licenses or similar rights
necessary for the operation of any of the
foregoing;

 

(e) “Note” means the Promissory Note
of Debtor to Creditor of even date herewith in the aggregate
principal amount of Two Million ($2,000,000) Dollars.

 

(f)
“Obligations” means the Note, the Security Agreement
and all related agreements.

 

2.
SECURITY INTEREST.

 

(a)
As security for the payment in full of principal, interest and
performance of the Note, the Security Agreement, any related
documents and all other liabilities and obligations of Debtor to
the Creditor, Debtor hereby grants to the Creditor a first Security
Interest in the Collateral and all proceeds arising therefrom and
any and all products of the Collateral.

 

(b)
Debtor represents that it is the sole lawful owner of the
Collateral attributable to it, free and clear of any liens and
encumbrances which have not been previously disclosed in writing to
the Creditor, and has the right and power to pledge, sell, assign
and transfer absolute title thereto to the Creditor and that no
financing statement covering the Collateral, other than the
Creditor’s and the financing statement which has been
delivered to Creditor has been filed with respect to any
Collateral.

 

(c)
Debtor agrees that, the Security Interest shall be a first priority
security interest in the Collateral, senior and prior in payment to
all other indebtedness and obligations of Debtor to third
parties.

 

(d)
The security interest granted to creditor under this Agreement
shall not terminate unless and until (i) all Obligations have been
fully paid or performed; (ii) all obligations of all parties under
any related documents have been discharged, satisfied or released;
and (iii) Debtor has reimbursed Creditor for any expenses of
returning the property and filing any termination statements and
other instruments as are required to be filed under applicable
law.

 

3.
REPRESENTATIONS, WARRANTIES AND COVENANTS OF DEBTOR.

 

(a)
Representations,
Warranties and Covenants of the Debtor. Debtor represents
and warrants to, and covenants with, the Creditor as
follows:

 

 

2

 

 

 

(i)           Debtor
has rights in and the power to transfer the Collateral in which it
purports to grant a security interest pursuant to Section 3 hereof and no Lien
exists or will exist upon such Collateral at any time except listed
on Schedule I.

 

(ii)           This
Agreement is effective to create in favor of the Creditor a valid
security interest in and Lien upon all of Debtor’s right,
title and interest in and to the Collateral, and upon the filing of
appropriate Uniform Commercial Code financing statements in the
jurisdictions listed on Schedule II attached hereto,
such security interest will be a duly perfected first priority
security interest in all of the Collateral

 

4.
USE OF COLLATERAL.

 

Until
the occurrence of an Event of Default as defined in Section 6
below, Debtor may use the Collateral in any lawful
manner.

 

5.
INSURANCE.

 

Debtor
shall maintain insurance with financially sound and reputable
insurance companies or associations in such amounts and covering
such risks as are usually carried by persons or companies engaged
in similar businesses and owning similar properties doing business
in the same general industry in which the Debtor operates. Copies
of certificates of such insurance shall be furnished to Creditor
from time to time upon Creditor’ reasonable
request.

 

6.
DEFAULT.

 

Each
of the following shall constitute an Event of Default
hereunder:

 

(a) 

any
Event of Default (as defined in the Note, the Security Agreement
and the related documents);

 

(b) 

if
the Debtor shall or shall attempt to (a) remove or allow removal of
the Collateral from the locations, inside or outside the United
States, where the Debtor now conducts its business, (b) sell (other
than in the ordinary course of Debtor’s business), encumber
or otherwise dispose of the Collateral or any interest therein, (c)
conceal, hire out or let the Collateral, (d) misuse or abuse the
Collateral, or (e) use or allow the use of the Collateral in
connection with any undertaking prohibited by law, except where any
of the foregoing may not have any material adverse impact on the
Collateral;

 

(c) 

if
the Collateral shall be attached, levied upon, seized in any legal
proceedings, or held by virtue of any lien or distress, other than
mechanic’s liens or such other liens which shall not be
material;

 

3

 

 

 

(d) 

if
the Debtor shall fail to pay promptly all taxes and assessments
upon the Collateral or the use thereof, except for those taxes and
assessments which are being contested in good faith by appropriate
proceedings and with respect to which Debtor shall have set aside
on its books adequate reserves with respect to such taxes and
assessments as are required by GAAP;

 

(e) 

if
Creditor with reasonable cause determine that their interest in the
Collateral is in jeopardy;

 

(f) 

if
the Debtor shall fail to keep the Collateral suitably
insured;

 

(g) 

if
the Debtor shall breach any of the covenants, agreements or
representations contained herein or in the Note;

 

(h) 

if
Debtor allows any inferior lien to be placed against the Collateral
(other than statutory tax liens not satisfied within thirty (30)
days except that inferior liens shall be permitted provided there
is an intercreditor agreement satisfactory to Creditor;
and

 

(i) 

if
any judgment, lien, attachment or execution is entered or issued
against the Collateral, except where any of the foregoing may not
have any material adverse impact on the Collateral.

 

Upon
the occurrence of any one or more of the foregoing Events of
Default, in addition to any rights which may exist under and
pursuant to the Note or the Security Agreement, (1) all Liabilities
shall, at the sole option of Creditor, become immediately due and
payable, and (2) the Debtor agrees upon demand of Creditor to
deliver the Collateral to or for the benefit of the Creditor, or
the Creditor may, with or without legal process, and with or
without previous notice or demand for performance, enter any
premises wherein the Collateral may be, and take possession of the
same, together with anything therein; and the Creditor may make
disposition of the Collateral subject to any and all applicable
provisions of law. If the Collateral is sold at public sale, the
Creditor may purchase the Collateral at such sale. The Creditor,
provided they have sent the statutory notice of default, may retain
from the proceeds of such sale all reasonable costs incurred in
such taking and sale and also, all sums then owing by the Debtor,
and any amounts in excess of such sums resulting from any such sale
shall be promptly paid to the Debtor.

 

7.
GENERAL AGREEMENTS.

 

(a)
Debtor hereby authorizes the Creditor to file financing statements
under the UCC and any amendments thereto or extensions thereof
without the signature of Debtor.

 

(b)
The Creditor shall not be deemed to have waived any of their rights
hereunder or under any other agreement, instrument or paper signed
by the Debtor unless such waiver is in writing

 

 

4

 

 and signed by Creditor. No delay or omission on the part of
the Creditor in exercising any right shall operate as a waiver
thereof or of any other right. A waiver upon any one occasion shall
not be construed as a bar or a waiver of any right or remedy on any
future occasion. All of the rights and remedies of the Creditor,
whether evidenced hereby or by the Note or other instrument or
paper, shall be cumulative and counterparts may be exercised singly
or concurrently.

 

8.
EXECUTION BY CREDITOR.

 

This
Agreement shall take effect immediately upon execution by the
Debtor, and the execution hereof by the Creditor shall not be
required as a condition to the effectiveness of this Agreement. The
provision for execution of this Agreement by the Creditor is only
for purposes of filing this Agreement as a security agreement under
the UCC, if execution hereof by the Creditor is required for
purposes of such.

 

9.
CONTINUING SECURITY INTEREST; ASSIGNMENT.

 

This
Security Agreement shall create a continuing security interest in
the Collateral and shall remain in full force and effect until the
payment in full of the Liabilities and such time as the Note shall
not remain outstanding. If at any time or times, by sale,
assignment, negotiation, pledge or otherwise, the Creditor shall
transfer any Liability or Liabilities, which Creditor shall at all
times be free to do (subject to applicable securities laws), such
transfer shall carry with it the Creditor’ rights, powers and
remedies under this Security Agreement with respect to the
Liability transferred, and the transferee shall become vested with
such rights and remedies whether or not they are specifically
referred to in the transfer, unless, and then only to the extent,
that the terms of such transfer otherwise provide. If and to the
extent Creditor retain any other Liability or Liabilities, the
Creditor shall continue to have the rights, powers and remedies
herein set forth with respect thereto.

 

10.
MISCELLANEOUS.

 

This
Security Agreement shall be binding upon Debtor, its successors and
assigns, and shall inure to the benefit of the Creditor and their
respective heirs, legal representative, successors and assigns.
Debtor shall not assign this Security Agreement except with the
express written consent of the Creditor. No amendment or waiver of
any provision of this Security Agreement, nor consent to any
departure by Debtor herefrom, shall in any event be effective
unless the same shall be in writing and signed by the Creditor, and
then such waiver or consent shall be effective only in the specific
instance and for the specific purpose for which given. This
Security Agreement and the rights and obligations of the Creditor
and Debtor hereunder shall be governed by and construed in
accordance with the substantive laws of the State of New York,
except only to the extent that the validity or perfection of the
Security Interest hereunder, or remedies hereunder, in respect of
any particular Collateral are governed by the laws of a
jurisdiction other than the State of New York, and as further set
forth in the Note.

 

 

 

5

 

 

All
notices, requests, claims, demands and other communications between
the parties shall be in writing. All such notices shall be given
either (i) by delivery in person (ii) by nationally recognized next
day courier service, or (iii) by electronic mail to the address of
the party specified in this agreement or such other address as any
party may specify in writing. All notices shall be effective upon
the earlier of (i) the day of delivery in person or the day of
delivery in the case of delivery by courier or (ii) on the date any
electronic mailing.

 

	
 

	

If to
the Lender:

	

CEDARVIEW OPPORTUNITIES MASTER FUND L.P.

	
 

	
 

	

ADDRESS

	
 

	
 

	

TEL.#

	
 

	
 

	

Email :

	
 

	
 

	
 

	
 

	

with a
copy to:

	

LAW OFFICE OF MARK R. KOOK

	
 

	
 

	

270
Madison Avenue, Suite 1203

	
 

	
 

	

New
York, New York 10016

	
 

	
 

	

Email:
Mkook@kooklaw.com

	
 

	
 

	
 

	
 

	

If to
the Borrower:

	

NOVUME SOLUTIONS, INC.

	
 

	
 

	

BREKFORD TRAFFIC SAFETY, INC.

	
 

	
 

	

14420
Albemarle Point Place, Suite 200

	
 

	
 

	

Chantilly,
VA 20151

	
 

	
 

	

Tel:
(703) 953-3838

	
 

	
 

	

Attn:
Suzanne R. Loughlin

	
 

	
 

	

EVP,
General Counsel

	
 

	
 

	
 

	
 

	

with a
copy to:

	

SICHENZIA
ROSS FERENCE KESNER LLP

	
 

	
 

	

1185
Avenue of the Americas

	
 

	
 

	

New
York, NY 1003

	
 

	
 

	

Attn:
Thomas A. Rose, Esq.

	
 

	
 

	

Tel:
(212) 930-9700

	
 

	
 

	

Email:
trose@srfkllp.com

 

 

 

 

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

 

	

BORROWER:

	
 

	

LENDER:

	
 

	
 

	
 

	

BREKFORD TRAFFIC SAFETY, INC.

	
 

	

CEDARVIEW OPPORTUNITIES MASTER FUND L.P.

	
 

	
 

	
 

	

By: /s/
Robert A. Berman

	
 

	

By: /s/
Burton Weinstein

	

Name:
Robert A. Berman

	
 

	

Name:
Burton Weinstein

	

Title:
Authorized Signatory

	
 

	

Title:
Managing Partner

	
 

	
 

	
 

 

 

6EX-10.1

 Exhibit 10.1 

Execution Version 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (the “Agreement”), is made and entered into as of April 3, 2018 (the “Effective
Date”), by and between Alta Mesa Services, LP, a Texas limited partnership (the “Company”), Craig Collins (hereafter “Executive”) and, solely with respect to Section 41, Alta Mesa
Holdings, LP, a Texas limited partnership (“Alta Mesa”). The Company and Executive may sometimes hereafter be referred to singularly as a “Party” or collectively as the “Parties.” 

WITNESSETH: 

WHEREAS, Alta Mesa Holdings, L.P. (the “Parent”), entered into a Contribution Agreement by and among High Mesa
Holdings, LP, High Mesa Holdings GP, LLC, Alta Mesa Holdings GP, LLC, Silver Run Acquisition Corporation II and certain other parties thereto, dated as of August 16, 2017, as the same may be amended from time to time, pursuant to which Silver
Run Acquisition Corporation II acquired certain of the outstanding equity interests in Parent (the “Transaction”); and 

WHEREAS, effective as of the Effective Date, the Company desires to secure the employment services of Executive subject to the terms
and conditions hereafter set forth; 
 NOW, THEREFORE, in consideration of Executive’s employment with the Company, and the
premises and mutual covenants contained herein, the Parties hereto agree as follows: 
 1.    Employment Position and Defined
Terms. During the Employment Period (as defined in Section 4), the Company shall employ Executive, and Executive shall serve, as the “Vice President and Chief Operating Officer - Midstream” for the Company
and AMR. During the Employment Period, Executive shall also serve as the Vice President and Chief Operating Officer of Kingfisher Midstream, LLC (“Kingfisher”) for no additional compensation. Kingfisher is currently an Affiliate of
the Company and AMR. Executive’s principal place of employment shall be at the main business offices of the Company in Houston, Texas. Defined terms used in the Agreement that are not otherwise defined herein when first used are defined in
Sections 6(d) and 10(d). 
 2.    Compensation. 

(a)    Base Salary. The Company shall pay to Executive during the Employment Period a base salary of
Four Hundred Fifty Thousand dollars ($450,000) per year, as adjusted pursuant to the subsequent provisions of this paragraph (the “Base Salary”). The Base Salary shall be payable in accordance with the Company’s normal payroll
schedule and procedures for its executives. Nothing contained herein shall preclude the payment of any other compensation to Executive at any time as determined by the Board. 

(b)    Annual Bonus. 

(1)    In addition to the Base Salary in Section 2(a), for each annual fiscal
year of the Company during the Employment Period (each such annual period being referred to as a “Bonus Period”), Executive will be eligible to participate in an annual bonus 

 
program established by the Board, under which Executive shall receive a bonus equal to a percentage of Executive’s Base Salary paid during each such
one-year period (referred to herein as the “Annual Bonus”), such percentage to be established by the Board in its sole discretion; provided, however, that the payment of any Annual Bonus will
be subject to the Board’s discretion and made only if Executive has met the pre-established performance criteria set by the Board for the Bonus Period. 

(2)    In the event that the Employment Period ends before the end of the Bonus Period, Executive shall be
entitled to a pro rata portion of the Annual Bonus for that year (based on the number of days in which Executive was employed during the year divided by 365), as determined based on satisfaction of the performance criteria for that Bonus Period on a
pro rata basis (calculated as if the final day of the Employment Period were the final day of the applicable Bonus Period), unless Executive was terminated for Cause or terminated voluntarily without Good Reason, in any of which events Executive
shall not be entitled to any Annual Bonus for that year. 
 (3)    If Executive successfully meets the
performance criteria for a Bonus Period, the Company shall pay Executive the Annual Bonus amount determined by the Board within the earlier of: (A) sixty days (60) days after the end of the Bonus Period or (B) sixty days
(60) after the end of the Employment Period. 
 (c)    Compensation in Event of Injury or
Sickness. In the event that Executive becomes injured or suffers a medically determinable physical or mental illness, as determined by a physician acceptable to both the Company and Executive in the same manner as provided in the definition
of Disability in Section 6(d), during the Employment Period, Executive shall be entitled to receive continued Base Salary (as set forth in Section 2(a)) for a period of six (6) months
following the occurrence of such injury or sickness; provided, however, such Base Salary shall be reduced by any short-term and/or long-term disability income benefits that are received by Executive under such programs sponsored by the Company (or
an Affiliate) during such 6-month period. 
 (d)    Sign-On
Bonus. The Company shall pay to Executive a cash sign-on bonus of Ninety Thousand dollars ($90,000), payable on the first payroll payment date occurring after the Effective Date in accordance with the
Company’s normal payroll schedule. Within the one-year period following the Effective Date, if (i) Executive terminates his employment with the Company except for Good Reason (as defined in
Section 6(d)) or due to a Newco Good Reason Event (as defined in Section 6(a)(5)), or (ii) Executive is terminated by the Company for Cause, then Executive must fully repay the $90,000 sign-on bonus to the Company within five (5) days following the Termination Date as defined in Section 4. 

3.    Duties and Responsibilities of Executive. During the Employment Period, Executive shall devote his full working time
to (a) the business of the Company and its Affiliates and (b) performance of the duties and responsibilities assigned to Executive to the best of Executive’s ability and with reasonable diligence. In determining Executive’s
duties and responsibilities, Executive shall not be assigned duties and responsibilities that are materially inconsistent with Executive’s position. This Section 3 shall not be construed as preventing Executive from
(a) engaging in reasonable volunteer services for charitable, educational or civic 

  
 2 

 
organizations, or (b) investing personal assets in such a manner that will not require a material amount of the Executive’s time or services in the operation of the businesses in which
such investments are made; provided, however, no such other activity shall conflict or materially interfere with Executive’s loyalties, duties or responsibilities to the Company and its Affiliates. Executive shall at all times use his best
efforts to comply in good faith with United States laws applicable to Executive’s actions on behalf of the Company and its Affiliates. Executive understands and agrees that Executive may be required to travel from time to time for purposes of
the Company’s business. The Parties agree that Executive’s principal work location cannot be relocated further than 50 miles from Executive’s principal work location on the Effective Date, except as mutually agreed by the Parties.

 4.    Term of Employment. Executive’s term of employment with the Company under this
Agreement shall be for the period from the Effective Date through the date that is three (3) years from the Effective Date, unless earlier terminated in accordance with this Agreement, and if not earlier terminated, this Agreement will expire
upon the date that is three (3) years from the Effective Date. 
 The period from the Effective Date through the earlier of the
third (3rd) anniversary of the Effective Date and the date of Executive’s termination of employment with the Company and its Affiliates for whatever reason (the “Termination
Date”) shall be referred to herein as the “Employment Period.” Notwithstanding the above, Executive agrees to remain available beyond the Employment Period to provide assistance to the Company or its Affiliate in the event
that the Company or an Affiliate become involved in litigation (or another type of dispute or controversy) regarding matters of which Executive has relevant knowledge resulting from Executive’s employment with the Company or an Affiliate. Such
post-termination assistance shall be provided by Executive in the capacity of an independent contractor at an agreed-upon, reasonable consulting fee, and shall not be deemed to create or continue an employee-employer or fiduciary relationship, or to
represent a continuation of this Agreement. 
 5.    Benefits. Subject to the terms and conditions of this Agreement,
during the Employment Period, Executive shall be entitled to all of the following: 

(a)    Reimbursement of Business Expenses. The Company shall pay or reimburse Executive for all
reasonable travel, entertainment and other business expenses paid or incurred by Executive in the performance of duties hereunder. The Company shall also provide Executive with suitable office space, including staff support, paid parking, and
necessary equipment, including but not limited to, cellular telephone and laptop computer. 
 (b)    Other
Employee Benefits. Executive shall be entitled to participate in any pension, retirement, 401(k), profit-sharing, supplemental executive retirement, and other employee benefits plans or programs of the Company to the same extent as available
to other senior management employees of the Company under the terms of such plans or programs. Executive shall also be entitled to participate in any group insurance, hospitalization, medical, dental, health, life, accident, disability and other
employee benefits plans or programs of the Company to the extent available to other senior management employees of the Company, and their spouses and eligible dependents, under the terms of such plans or programs including any medical expense
reimbursement account and post-retirement medical program as made available to other senior management employees of the Company. 

  
 3 

 (c)    Vacation and Holidays. Executive shall be
entitled to five (5) weeks of paid vacation per calendar year (prorated in any calendar year during which Executive is employed for less than the entire year based on the number of days in such calendar year in which Executive was employed);
provided, however, for the period beginning on the Effective Date through December 31, 2018, Executive shall be entitled to a full five weeks of paid vacation with no proration. Executive shall also be entitled to all paid holidays and personal
days provided by the Company for its key management employees under the Company’s personnel policy as then effective. Unused vacation shall not carry over to the following year unless specifically approved by the Company. 

(d)    Equity Incentive Awards. Executive shall be eligible to participate in the Alta Mesa
Resources, Inc. 2018 Long Term Incentive Plan (the “LTIP”) or any other incentive plan sponsored by the Company or AMR which provides for equity grants of incentive awards. The terms and conditions of any equity incentive award
granted to Executive shall be set forth in the incentive plan document and award agreement governing such award. 

(e)    Annual Physical. Executive shall be entitled to be reimbursed by the Company for the full cost
of an annual physical examination by a physician (1) selected by the Company or (2) selected by Executive and approved by the Company. 

(f)    Key Man or Company-Owned Life Insurance. The Company may, at any time during the term of this
Agreement, apply for and procure as owner, and for its sole benefit, life insurance on the Executive’s life in such amounts and in such forms as the Company may select. Executive hereby acknowledges that he will have no interest whatsoever in
any such insurance policy. Executive shall submit to such medical examinations, supply such information, and execute such documents as may be reasonably requested by the insurer to obtain any such key man policy. 

(g)    Tax Planning, Preparation and Advice. Executive shall be entitled to be reimbursed by the
Company for the cost of tax preparation and planning by a certified financial planner or certified public accountant (1) selected by the Company or (2) selected by Executive and approved by the Company, provided that such annual
reimbursement shall not exceed $5,000.00. 
 6.    Rights and Payments upon Termination.
The Executive’s right to compensation and benefits for periods after the Termination Date shall be determined in accordance with this Section 6. Except as otherwise expressly required by law or as specifically provided
in an employee benefit plan or this Agreement, all of Executive’s rights to salary, severance, benefits, bonuses and other compensatory amounts under this Agreement shall cease upon the Termination Date. 

  
 4 

 (a)    Minimum Payments and Vesting. Executive shall be
entitled to the following minimum payments under this Section 6(a), in addition to any other payments or benefits which Executive is entitled to receive under the terms of any employee benefit plan or program or
Section 6(b): 
 (1)    unpaid salary for the full calendar month in which the
Termination Date occurs; provided, however, if Executive is terminated for Cause or terminates his employment voluntarily without Good Reason, Executive shall only be entitled to receive accrued but unpaid salary through the Termination Date; 

(2)    unpaid vacation days for that year which have accrued through the Termination Date; 

(3)    reimbursement of reasonable business expenses that were incurred but unpaid as of the Termination
Date; and 
 (4)    to the extent Executive participated in any nonqualified deferred compensation plan
or program with vesting criteria, or received any equity incentive grant that is not fully vested, as of the Termination Date, Executive will vest as of the Termination Date as follows: 

(A)    subject to Section 6(c) and Section 6(a)(5), if
Executive is involuntarily terminated by the Company other than for Cause (and not including death or termination due to Disability), or if the Executive terminates his employment for Good Reason, Executive shall become immediately 100% vested in
(i) any outstanding awards of restricted stock, stock options and any other equity incentive awards granted under the LTIP (or any other equity incentive plan of the Company or AMR) that vest solely based on the passage of time (with any such
awards that vest based on the attainment of performance-based vesting conditions vesting at the target level) and (ii) any nonqualified deferred compensation account balance or benefit; and 

(B)    if Executive is terminated by the Company for Cause or voluntarily terminates his employment
without Good Reason, all then unvested equity incentive awards and nonqualified deferred compensation shall be treated in accordance with the terms of the outstanding award agreement or plan document, which terms shall be consistent with
Section 6(a)(5) below, if applicable. 
 (5)    If, following a spin-off, divestiture, initial public offering or other corporate transaction resulting in a change in the ownership of the Midstream Assets (as defined in Section 10(d)(1)) (referred to
herein as a “Midstream Transaction”), (a) AMR or its Affiliates (excluding Kingfisher) retains at least a 25% ownership stake in the entity that results from the Midstream Transaction or the entity that controls the Midstream
Assets after the closing date of such transaction (“Newco”); (b) Executive’s employment with the Company is terminated for any reason except for Cause or due to a Newco Good Reason Event (as defined below); and
(c) concomitant with Executive’s termination of employment with the Company, Executive becomes an employee of Newco or a Newco Affiliate (as defined below) then, solely for purposes of Section 6(a)(4) above, such
termination of Executive’s employment with the Company will not be treated as the termination of Executive’s employment with the Company. 

  
 5 

 If all the conditions set out in the immediately preceding paragraph of this
subsection (5) are satisfied then, notwithstanding any provision herein to the contrary, all of the Executive’s outstanding equity incentive awards (as referenced in Section 5(d)) on the
Termination Date shall continue to vest in the same manner and on the same terms and conditions as if (i) Executive had remained in employment with the Company and AMR during the period that Executive remains employed by Newco or a Newco
Affiliate, and (ii) Newco is the employer referenced in such equity incentive award agreements and thus all references to service with, and termination of employment from, AMR or the Company in such agreements shall mean Newco. To the extent
that (a) AMR or its Affiliates (excluding Kingfisher) do not retain at least a 25% ownership stake in Newco following closing of the Midstream Transaction, (b) Executive terminates his employment with the Company due to a Newco Good Reason
Event, or (c) concomitant with Executive’s termination of employment with the Company, Executive does not become an employee of Newco or a Newco Affiliate, then the closing of the Midstream Transaction will be treated as an involuntary
termination of Executive’s employment with the Company without Cause for purposes of Section 6(a)(4) (above) if the Employment Period ends as the result of the Midstream Transaction within 90 days following the closing
date of the Midstream Transaction (“Midstream Transaction Closing Date”). The Parties hereby agree that the special vesting rules set out in this Section 6(a)(5) shall be included in all award agreements
for the equity incentive awards granted to Executive by the Company or AMR. 
 For purposes of this Agreement, the term “Newco
Affiliate” means any parent or subsidiary entity of Newco, or any other entity in whatever form, of which Newco has any direct or indirect controlling ownership interest or management control, or vice-versa. For purposes of clarity and not
limitation, the Company and AMR will not be considered Newco Affiliates after the Midstream Transaction Closing Date if the Employment Period ends as the result of the Midstream Transaction. 

For purposes of this Agreement, the term “Newco Good Reason Event” means the occurrence of any of the following events that
occur effective as of the Midstream Transaction Closing Date or within 20 days thereafter, without the Executive’s prior written consent, if not cured and corrected by the Company or AMR, or either of their successor(s), within 30 days after
written notice thereof is provided by Executive to the Company or its successor, provided that (i) such notice is delivered within 15 days after the occurrence of the applicable condition or event and (ii) Executive resigns from employment
with the Company within 15 days following expiration of such 30-day cure period: 

(A)    Executive is not appointed as the Chief Executive Officer or the Chief Operating Officer of Newco or
a Newco Affiliate that is a parent of Newco, except if such occurs in connection with Executive’s termination of employment for Cause, Disability or death; 

  
 6 

 (B)    Executive is not offered an employment agreement with
Newco or a Newco Affiliate with terms substantially similar in all material respects to this Agreement, with the exception of any equity incentive awards including those described in the Offer Letter (as defined in
Section 33); 
 (C)    the reduction of the Executive’s annual base salary
and/or target bonus opportunity with Newco and any Newco Affiliate, as compared to his aggregate base salary and target bonus opportunity as in effect with the Company and AMR immediately prior to the Midstream Transaction Closing Date, if such
reduction of base salary and/or target bonus opportunity, on an aggregated basis, is five percent (5%) or greater of his aggregate base salary and target bonus opportunity as in effect immediately prior to the Midstream Transaction Closing Date; or

 (D)    a relocation of Executive’s principal work location, as referenced in
Section 1, to another principal work location that is in excess of 50 miles as measured from the Company’s satellite office at 1070 Evergreen Circle, The Woodlands, Texas. 

(6)    Accrued salary and accrued vacation days under this Section 6(a) shall be
paid to Executive within five (5) business days following the Termination Date in a cash lump sum payment, less applicable withholdings. Business expenses shall be reimbursed in accordance with the Company’s normal procedures. 

(b)    Other Severance Payments. In the event that during the Employment Period
(i) Executive’s employment is involuntarily terminated by the Company (except due to a No Severance Benefits Event), (ii) Executive’s employment is terminated due to death or Disability, or (iii) Executive terminates his
employment for Good Reason; then in any such event under clause (i), (ii), or (iii), subject to Section 6(c), the following severance benefits shall be provided to Executive or, in the event of his death before receiving
all such benefits, to Executive’s Designated Beneficiary following his death: 

(1)    Additional Payment. The Company shall pay additional compensation as described in this
Section 6(b)(1) (the “Additional Payment”). Subject to Section 6(c), the Company shall make the Additional Payment to Executive in a cash lump sum, net of applicable
withholdings. 
 (A)    Termination Not Following Change in Control. If the Termination Date does
not occur within the 15-month period immediately following a Change in Control, the Additional Payment shall be (i) an amount equal to one hundred fifty percent (150%) of Executive’s Base Salary in
effect as of the Termination Date, (ii) an amount equal to one hundred fifty percent (150%) of the greater of (x) 100% of the “target” bonus for Executive for the year containing the Termination Date or (y) the amount of the
Annual Bonus paid to the Executive for the year immediately preceding the year containing the Termination Date, and (iii) an additional $24,000.00 lump sum cash payment for outplacement services. In such event, the Additional Payments described
in Section 6(b)(1)(C) following a Change in Control shall be inapplicable for Executive. 

  
 7 

 (B)    Anticipatory Termination. If the Executive
incurs an Anticipatory Termination, he shall be entitled to receive, in addition to the payment described in Section 6(b)(1)(A) above, an additional amount equal to the sum of (i) fifty percent (50%) of
Executive’s Base Salary as in effect as of the Termination Date, plus (ii) fifty percent (50%) times the greater of (x) 100% of the “target” bonus for Executive for the year containing the Termination Date or (y) the amount
of the Annual Bonus paid to the Executive for the year immediately preceding the year containing the Termination Date (the “Anticipatory Termination Payment”). In such event, the Additional Payments described in
Section 6(b)(1)(C) following a Change in Control shall be inapplicable for Executive. The Anticipatory Termination Payment shall be subject to the Executive executing a second release agreement, as described in
Section 6(c), but covering only the period from the Termination Date until the date immediately following the Change in Control. 

(C)    Termination Following Change in Control. If the Termination Date occurs within the fifteen
(15) month period immediately following a Change in Control, the Additional Payment shall be (i) an amount equal to two hundred percent (200%) of Executive’s Base Salary in effect as of the Termination Date, (ii) an amount equal
to two hundred percent (200%) times the greater of (x) 100% of the “target” bonus for Executive for the year containing the Termination Date or (y) the amount of the Annual Bonus paid to the Executive for the year immediately
preceding the year containing the Termination Date, and (iii) an additional $24,000.00 lump sum cash payment for outplacement services. In such event, the Additional Payments described in Sections 6(b)(1)(A) and
6(b)(1)(B) above shall be inapplicable for Executive. 
 (2)    COBRA Coverage. 

(A)    In the event that Executive timely elects continuation coverage under any of the Company’s
“group health plans” within the meaning of Treasury Regulations Section 54.4980B-2 Q/A-1 (collectively, the “Health Plan”) on behalf of
himself and any of his eligible covered dependents (including his spouse) pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), following the Termination Date, the Company shall pay directly
or reimburse Executive for an amount equal to the monthly premium for such COBRA coverage for each month during which such COBRA coverage is in effect during the period commencing on the Termination Date and ending upon the earliest of (x) the
date that is eighteen (18) months following the Termination Date, (y) the date that Executive and Executive’s covered dependents become no longer eligible for COBRA coverage or (z) the date Executive becomes eligible to receive
group healthcare coverage from a subsequent employer (and Executive agrees to promptly notify the Company of such eligibility). In all other respects, Executive and his dependents shall be treated the same as any other qualified beneficiaries under
the Health Plan and COBRA. 

  
 8 

 (B)    If Executive’s eligibility for continued COBRA
coverage under the Health Plan ends due to expiration of the “maximum coverage period” under and within the meaning of 26 C.F.R. 54.4980B-7 Q/A-4(b),
Executive shall be entitled to continue coverage for himself and his eligible covered dependents (including his spouse), if any, under the Health Plan (Executive and each such covered dependent being referred to herein as a “Qualified
Beneficiary”) for the period beginning on the first day following such expiration of eligibility for COBRA coverage and ending on the second anniversary of the Termination Date or the earlier date that Executive becomes eligible to receive
group healthcare coverage from a subsequent employer (and Executive agrees to promptly notify the Company of such eligibility) (the “Extended Coverage”), subject to the Company or an Affiliate continuing to sponsor a Health Plan for
the benefit of the Company’s employees generally. In order for Executive to be eligible to receive the Extended Coverage on behalf of himself and any other Qualified Beneficiaries, Executive and any other Qualified Beneficiary must first
exhaust such individual’s rights to any COBRA coverage available under the Health Plan. The Parties acknowledge that following expiration of the Extended Coverage, neither Executive nor any other Qualified Beneficiary will have any right to
elect coverage under the Health Plan. Executive shall, on a monthly after-tax basis, pay to the Company (or its delegate) the COBRA rate, as then effective, for each month during the period of Extended
Coverage. For purposes of Code Section 409A, the benefits provided under this Section 6(b)(2)(B) shall be provided as separate monthly in-kind payments of those
benefits, and to the extent those benefits are subject to and not otherwise excepted from Section 409A, the provision of in-kind benefits during one calendar year shall not affect in-kind benefits to be provided in any other calendar year. 

(C)    Executive and Executive’s spouse, if applicable, consent and agree to acquire and maintain any
and all coverage that either or both of them are entitled to at any time during their lives under the Medicare program or any similar program of the United States or any agency thereof. Executive and Executive’s spouse further agree to pay any
required premiums for Medicare coverage from their personal funds. 
 (D)    Notwithstanding
Section 6(b)(2)(A) or (B) to the contrary, the Company may alter the manner in which health benefits are provided to Executive under such sections following termination of Executive’s employment to the
extent the Company reasonably determines is necessary for purposes of satisfying Code Section 105(h)(2) or avoiding the imposition of an excise tax on the Company or any of its Affiliates, provided that such alterations do not materially
decrease coverage or increase the after-tax cost to Executive of such benefits. 

(3)    Code Section 280G Tax Gross-up. If
the Termination Date occurs within three (3) years after the Effective Date, the Accounting Firm shall determine if any of the payments or benefits received or to be received by Executive (including, without limitation, any payment or benefits
received in connection with a Change in Control or Executive’s termination of employment, whether pursuant to the terms of this Agreement 

  
 9 

 
or any other plan, arrangement or agreement), constitute “parachute payments” within the meaning of Code Section 280G as a result of a “change in ownership or control,”
under and within the meaning of Treasury Regulation Section 1.280G-1, of AMR or any of its subsidiaries, including the Company (all such payments and benefits collectively referred to herein as the
“280G Payments”) that are subject to the excise tax imposed under Code Section 4999 (the “Excise Tax”). If the Accounting Firm determines any of the 280G Payments are subject to the Excise Tax, the Company
shall pay to Executive, as soon as reasonably practicable following such determination but in any event no later than the end of the year following the year in which the Executive pays the relevant taxes, an additional amount equal to the sum of the
Excise Tax payable by Executive plus the amount that the Accounting Firm determines is necessary to put Executive in the same after-tax position (taking into account all applicable federal, state and local
excise, income and other taxes) as if no Excise Tax had been imposed. 
 All determinations required to be made under this
Section 6(b)(3), including whether a payment would result in an “excess parachute payment” within the meaning of Code Section 280G and the assumptions utilized in arriving at such determination, shall be made
by the Accounting Firm. All fees and expenses of the Accounting Firm shall be paid solely by the Company. The final determination by the Accounting Firm shall be binding on the Parties absent manifest error. 

Executive agrees to reasonably cooperate with the Company to minimize the amount of any excess parachute payments, including, without
limitation, assisting the Company in establishing that some or all of the payments received by Executive which are “contingent on a change”, as described in Code Section 280G(b)(2)(A), are reasonable compensation for personal services
actually rendered by Executive before the date of such change or to be rendered by Executive on or after the date of such change. Notwithstanding the foregoing, Executive shall not be required to take any action which his attorney or tax advisor
advises him in writing exposes the Executive to material personal liability. 
 (4)    Other
Termination of Employment. For purposes of clarity, in the event that (i) Executive voluntarily resigns or otherwise voluntarily terminates employment, except due to death, Disability or for Good Reason, or (ii) Executive’s
employment is terminated due to a No Severance Benefits Event then, in any such event under clause (i) or (ii), the Company shall have no obligation to provide the severance benefits described in paragraphs (1), (2) and (3) (above) of this
Section 6(b), except to offer COBRA coverage (as required by COBRA law) but not at the rate described in paragraph (2). However, Executive shall still be entitled to the minimum benefits provided under
Section 6(a). 
 (5)    No Duplication of Severance Benefits. The
severance payments provided under Section 6(b) shall supersede and replace any severance payments under any severance pay plan or similar agreement that the Company or any Affiliate maintains for key management employees or
employees generally. 

  
 10 

 (c)    Release Agreement.
Notwithstanding any provision of the Agreement to the contrary, in order to receive the vesting acceleration provided under Section 6(a)(4)(A) or the severance benefits provided under
Section 6(b)(1), (2), or (3), the Executive must first execute an appropriate release agreement (on a form provided by the Company) whereby the Executive agrees to release and waive, in return for such vesting
acceleration or severance benefits, any claims that Executive may have against the Company or any of its Affiliates including, without limitation, for unlawful discrimination (e.g., Title VII of the Civil Rights Act); provided, however, such
release agreement shall not release any claim or cause of action by or on behalf of the Executive for (a) any payment or benefit that may be due or payable under this Agreement or any vested benefits under any employee benefit plan or program
or (b) non-payment of salary or benefits to which Executive is entitled from the Company as of the Termination Date. The release agreement must be provided to Executive within five (5) days following
the Termination Date, and signed by Executive and returned to the Company, and any applicable revocation period must have expired, no later than sixty (60) days following the Termination Date; provided, however, the second release agreement
required for an Anticipatory Termination Payment under Section 6(b)(1)(B) must be provided to Executive within five (5) days following the Change in Control Date, and signed by Executive and returned to the Company,
and any applicable revocation period must have expired, no later than sixty (60) days following the Change in Control Date. Any payments to which Executive becomes entitled pursuant to Section 6(b)(1), shall be paid
within ten (10) days after the executed release agreement (or executed second release agreement with respect to an Anticipatory Termination Payment) has been timely returned to the Company for counter-signature and become effective and non-revocable by Executive under the terms of the release agreement. Notwithstanding anything in this Agreement to the contrary, to the extent that any severance payments or benefits provided under
Section 6(a)(4)(A) or Section 6(b) are deferred compensation under Code Section 409A, and are not otherwise exempt from the application of Section 409A, then, if the period
during which Executive may consider and sign the release agreement spans two calendar years, the severance payments or benefits will not be made or begin until the later calendar year. 

(d)    Definitions. 

(2)    “Accounting Firm” means any nationally recognized, certified public accounting firm
selected by the Company and reasonably acceptable to the Executive; provided, however, the firm selected must be within the top 20 in the United States at such time based on annual revenues for certified public accounting firms in the immediately
preceding year. 
 (3)    “Affiliate” means any parent or subsidiary entity of the
Company, or any other entity in whatever form, of which the Company has any direct or indirect controlling ownership interest or management control, or vice-versa, as determined by the Company. For purposes of clarity and not limitation,
(i) Riverstone Investment Group LLC, Bayou City Energy Management, LLC, HPS Investment Partners, LLC, or High Mesa Inc., and their affiliates (other than AMR or any of its subsidiaries, to the extent considered an affiliate of any such entity)
are not Affiliates for purposes of this Agreement, and (ii) as of the Effective Date, AMR and Kingfisher are Affiliates of the Company. 

  
 11 

 (4)    “AMR” means Alta Mesa Resources,
Inc., a Delaware Corporation (formerly known as Silver Run Acquisition Corporation II) or its successor in interest. 

(5)    “Anticipatory Termination” means a termination of the Executive’s employment
within the three (3) month period ending immediately prior to the Change in Control Date (in which the Change in Control is a “change in control event” within the meaning of Code Section 409A), but only if (a) the
Executive’s employment with the Company was (i) terminated by the Company without Cause or (ii) terminated by the Executive for Good Reason, and (b) it is reasonably demonstrated by the Executive that such termination of
employment (1) was at the request of a third party who has taken steps reasonably calculated to effect such Change in Control or (2) otherwise arose in connection with or anticipation of such Change in Control. 

(6)    “Board” means the then-current Board of Directors of AMR, in each case, including
the Compensation Committee (the “Compensation Committee”) or another authorized committee thereof. 

(7)    “Cause” means any of the following: (A) the Executive’s final
conviction by a court of competent jurisdiction of a felony involving moral turpitude, or entering the plea of nolo contendere to such felony by the Executive; (B) the commission by the Executive of a demonstrable act of material fraud,
or a proven and material misappropriation of funds or other property, of or upon the Company or any Affiliate; (C) the engagement by the Executive, without the written approval of the Company, in any material activity which directly competes
with the business of the Company or any Affiliate, or which would directly result in a material injury to the business or reputation of the Company or any Affiliate; or (D) the breach by Executive of any material provision of this Agreement.
With respect to items (C) and (D) above, in order to constitute “Cause” hereunder, Executive must also fail to cure such breach within a reasonable time period set by the Company but in no event less than twenty (20) calendar
days after Executive’s receipt of such notice. 
 (8)    “Change in Control” means
and includes each of the following: 
 (A)    A transaction or series of transactions (other than an
offering of Common Stock to the general public through a registration statement filed with the Securities and Exchange Commission or a transaction or series of transactions that meets the requirements of clauses (1) and (2) of subsection
(C) below) whereby any “person” or related “group” of “persons” (as such terms are used in Sections 13(d) and 14(d)(2) of the Exchange Act) (other than AMR, any of its subsidiaries, an employee
benefit plan maintained by AMR or any of its subsidiaries or a “person” that, prior to such transaction, directly or indirectly controls, is controlled by, or is under common control with, AMR) directly or indirectly acquires beneficial
ownership (within the meaning of Rule 13d-3 under the Exchange Act) of securities of AMR possessing more than 50% of the total combined voting power of AMR’s securities outstanding immediately after such
acquisition; or 

  
 12 

 (B)    During any period of two consecutive years,
individuals who, at the beginning of such period, constitute the Board together with any new Director(s) (other than a Director designated by a person who shall have entered into an agreement with AMR to effect a transaction described in subsections
(A) or (C)) whose election by the Board or nomination for election by AMR’s stockholders was approved by a vote of at least two-thirds of the Directors then still in office who either were Directors
at the beginning of such two-year period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof; or 

(C)    The consummation by AMR (whether directly involving AMR or indirectly involving AMR through one or
more intermediaries) of (x) a merger, consolidation, reorganization, or business combination or (y) a sale or other disposition of all or substantially all of AMR’s assets in any single transaction or series of related transactions,
or (z) the acquisition of assets or stock of another entity, in each case other than a transaction: 

(1)    which results in AMR’s voting securities outstanding immediately before the transaction
continuing to represent (either by remaining outstanding or by being converted into voting securities of AMR or the person that, as a result of the transaction, controls, directly or indirectly, AMR or owns, directly or indirectly, all or
substantially all of AMR’s assets or otherwise succeeds to the business of AMR (AMR or such person, the “Successor Entity”)) directly or indirectly, at least a majority of the combined voting power of the Successor
Entity’s outstanding voting securities immediately after the transaction; and 
 (2)    after which
no person or group beneficially owns voting securities representing 50% or more of the combined voting power of the Successor Entity; provided, however, that no person or group shall be treated for purposes of this clause (2) as beneficially
owning 50% or more of the combined voting power of the Successor Entity solely as a result of the voting power held in AMR prior to the consummation of the transaction. 

Notwithstanding the foregoing, in no event shall the following constitute a Change in Control: (i) the Transaction or any
transactions occurring in connection therewith or (ii) any initial public offering of any subsidiary of AMR that owns all or part of AMR’s Midstream Assets (as defined in Section 10(d)(1)) or any other sale or
disposition of such Midstream Assets directly or indirectly by AMR in connection with such initial public offering. 
 If a
Change in Control constitutes a payment event with respect to any amount, benefit or award (or portion of any amount, benefit or award) that provides for the deferral of compensation that is subject to Section 409A, to the extent required to
avoid the imposition of additional taxes under Section 409A, the transaction or event described in subsection (A), (B) or (C) above with respect to such amount, benefit or award (or portion thereof) shall only constitute a Change in
Control for purposes of the payment timing of such amount, benefit or award if such transaction also constitutes a “change in control event,” as defined in Treasury Regulation Section 1.409A- 3(i)(5). 

  
 13 

 The Board as in effect immediately prior to the occurrence of a Change in Control
shall have full and final authority, which shall be exercised in its discretion, to determine conclusively whether a Change in Control has occurred pursuant to the above definition, the date of the occurrence of such Change in Control and any
incidental matters relating thereto; provided that any exercise of such authority in conjunction with a determination regarding whether a Change in Control is a “change in control event” (as defined in Treasury Regulation Section 1.409A-3(i)(5)) shall be determined on a basis consistent with such regulation. 

(9)     “Change in Control Date” means the effective date of the occurrence of a Change in
Control. 
 (10)    “Code” means the Internal Revenue Code of 1986, as amended or its
successor. References herein to any Section of the Code shall include any successor provisions of the Code. 

(11)    “Common Stock” means the Class A common stock of AMR, $0.0001 par value per
share, and any class of common stock into which such common shares may hereafter be converted, reclassified or recapitalized. 

(12)    “Designated Beneficiary” means the Executive’s surviving spouse, if any. If
there is no such surviving spouse at the time of Executive’s death, then the Designated Beneficiary hereunder shall be Executive’s estate after the legal representative of such estate provides satisfactory evidence thereof to the Company
(or its delegate). 
 (13)    “Director” means a Board member. 

(14)    “Disability” shall mean that (a) Executive is unable to engage in any
substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or last for a continuous period of not less than 12 months, or (b) by reason of any medically
determinable physical or mental impairment which can be expected to result in death or to last for a continuous period of not less than 12 months, Executive is receiving income replacement for a period of not less than three months under an accident
and health plan covering employees of the Company. Evidence of such Disability shall be certified by a physician acceptable to both the Company and Executive. In the event that the Parties are not able to agree on the choice of a physician, each
shall select one physician who, in turn, shall select a third physician to render such certification. All reasonable costs directly relating to the determination of whether Executive has incurred a Disability for purposes of this Agreement shall be
paid by the Company. Executive agrees to submit to any examinations that are reasonably required by the attending physician or other healthcare service providers to determine whether Executive has a Disability. 

  
 14 

 (15)    “Dispute” means any dispute,
disagreement, claim, or controversy arising from, in connection with, or relating to (a) the employment, or termination of employment, of Executive, or (b) the Agreement, or the validity, interpretation, performance, breach or termination
of the Agreement. 
 (16)    “Exchange Act” means the Securities Exchange Act of 1934,
as amended. 
 (17)    “Good Reason” means, other than during the fifteen (15)-month
period following a Change in Control, the occurrence of any of the following without the Executive’s prior written consent, if not cured and corrected by the Company or AMR, or either of their successor(s), within 60 days after written notice
thereof is provided by Executive to the Company or its successor, provided such notice is delivered within 90 days after the occurrence of the applicable condition or event and that Executive resigns from employment with the Company within 90 days
following expiration of such 60-day cure period: 
 (A)    the
demotion or reduction in title or rank of Executive with the Company or AMR, except for any such demotion or reduction that occurs in connection with Executive’s termination of employment for Cause, Disability or death; 

(B)    the reduction of the Executive’s annual base salary and/or target bonus opportunity, as
compared to his aggregate base salary and target bonus opportunity as effective immediately prior to such reduction, if such reduction of base salary and/or target bonus opportunity, on an aggregated basis, is five percent (5%) or greater of the
aggregate base salary and target bonus opportunity as effective immediately prior to such reduction; or 

(C)    a relocation of Executive’s principal work location, as referenced in
Section 1, to another principal work location that is in excess of 50 miles as measured from the Company’s satellite office at 1070 Evergreen Circle, The Woodlands, Texas. 

During the fifteen (15) month period following a Change in Control, the definition of “Good Reason” shall have the same meaning
as set out above except that clause (A) is replaced in its entirety with “the demotion or reduction in title or rank of Executive with the Company or AMR, or the assignment to Executive of duties that are materially inconsistent with
Executive’s positions, duties and responsibilities with the Company or AMR, or any removal of the Executive from, or any failure to nominate for re-election the Executive to, any of such positions (other
than a change due to the Executive’s Disability or as an accommodation under the American with Disabilities Act), except for any such demotion, reduction, assignment, removal or failure that occurs in connection with Executive’s
termination of employment for Cause, Disability or death;”. In all other respects, the definition of Good Reason shall be (i) the same before and after a Change in Control and (ii) subject to Section 6(a)(5).

 (18)    “No Severance Benefits Event” means termination of Executive’s
employment by the Company for Cause. 

  
 15 

 7.    Notice of Termination. Any termination of Executive’s
employment by the Company or the Executive other than for death shall be communicated by Notice of Termination to the other Party hereto. For purposes of this Agreement, the term “Notice of Termination” means a written notice which
indicates the specific termination provision of this Agreement relied upon, sets forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated
and specifies a Termination Date which, if submitted by Executive, shall be at least thirty (30) days following the date of such Notice of Termination unless such termination is for Good Reason (in which case the requirements for a termination
due to Good Reason shall apply); provided, however, that in the event that Executive delivers a Notice of Termination to the Company, the Company may, in its sole discretion, change the Date of Termination to any date that occurs following the date
of receipt of such Notice of Termination and is prior to the date specified in such Notice of Termination. A Notice of Termination submitted by the Company may provide for a Termination Date on the date Executive receives the Notice of Termination,
or any date thereafter elected by the Company in its sole discretion. The failure by the Company or Executive to set forth in the Notice of Termination any fact or circumstance which contributes to a showing of Cause or Good Reason shall not waive
any right of such Party hereunder or preclude such Party from asserting such fact or circumstance in enforcing such Party’s rights hereunder. 

8.    No Mitigation. Except as provided in Section 6(b)(2) for continued Health Plan
coverage or Section 6(b)(3) regarding excess parachute payments, Executive shall not be required to mitigate the amount of any payment or other benefits provided under this Agreement by seeking other employment or in any
other manner. 
 9.    Restrictive Covenants. As an inducement to the Company to
enter into this Agreement, Executive represents to, and covenants with or in favor of, the Company that Executive will comply with all of the restrictive covenants in Sections 9 through 17, as a condition to the Company’s
obligation to provide any benefits to Executive under this Agreement. 
 10.    Trade Secrets. 

(a)    Access to Trade Secrets. As of the Effective Date and on an ongoing basis, the Company agrees
to give Executive access to Trade Secrets which the Executive did not have access to, or knowledge of, before Executive’s commencement of employment with the Company. 

(b)    Agreement Not to Use or Disclose Trade Secrets. In exchange for the Company’s promises to
provide Executive with access to Trade Secrets, and the other consideration and benefits provided to Executive under this Agreement, Executive agrees, during the Employment Period, and any time thereafter, not to disclose to anyone, including,
without limitation, any person, firm, corporation or other entity, or publish or use for any purpose, any Trade Secrets, except (1) as required in the ordinary course of the business of the Company or an Affiliate or (2) as authorized by
the Company or Affiliate, as applicable. Executive acknowledges that Trade Secrets (A) have been and will be developed or acquired by the Company (or an Affiliate) through the expenditure of substantial time, effort and money and
(B) provide the Company (or an Affiliate) with an advantage over competitors who do not know or use Trade Secrets. 

  
 16 

 Executive shall hold in a fiduciary capacity for the benefit of the Company (or its Affiliate, as
applicable) any Trade Secret relating to the Company or any of its Affiliates, and their respective businesses, which (a) has been obtained by Executive during his employment by the Company (or any Affiliate) and (b) is not public
knowledge other than via an unauthorized disclosure made by Executive in violation of this Agreement. Executive acknowledges and agrees that all Trade Secrets are, and will continue to be, the exclusive property of the Company or Affiliate, as
applicable. 
 Executive shall not at any time disclose to any person or entity, or publish, or use for any unauthorized purpose, any Trade
Secret, except as the Company directs or under compulsion of law. Executive agrees to give notice to the Company of any attempt to compel disclosure of any Trade Secret within five (5) business days after Executive is informed that such
disclosure is being, or will be, compelled. Any such notice shall contain a copy of the subpoena, order or other process used to compel disclosure. 

The agreements and covenants in this Section 10(b) apply to all Trade Secrets, whether now known or later to become
known to Executive. In addition, these provisions shall be in addition to, and not limit or restrict in any way, any other confidentiality agreement or covenant between the Executive and the Company or any of its Affiliates. 

(c)    Agreement to Refrain from Defamatory Statements. Executive shall refrain, both during the
Employment Period and thereafter, from publishing any oral or written statements about any directors, partners, officers, employees, agents, investors or representatives of the Company or any Affiliate that are (1) slanderous, libelous, or
defamatory; (2) disclose private or confidential information about the business affairs, directors, partners, officers, employees, agents, investors or representatives of the Company or any Affiliate; (3) constitute an intrusion into the
seclusion or private lives of any such person; (4) give rise to unreasonable publicity about the private life of any such person; (5) place any such person in a false light before the public; or (6) constitute a misappropriation of
the name or likeness of any such person. A violation or threatened violation of these restrictive covenants may be enjoined by a court of law notwithstanding the arbitration provisions of Section 31. 

(d)    Definitions. The following terms, when used in this Agreement, are defined below: 

(1)    “Restricted Territory” means any county, or equivalent political or governmental
subdivision, of any state, district, or territory of North America in which the Company or any of its Affiliates conducts its business; and any area adjacent to such counties, or equivalent political or governmental subdivision, to the extent such
adjacent areas are within a 50-mile radius of any (x) producing property or leasehold of the Company or any of its Affiliates or (y) assets relating to the gathering, processing, storage, treating or
transmission of oil or natural gas or otherwise generally considered “midstream” in nature in accordance with generally accepted U.S. oil and gas industry practices and customs (“Midstream Assets”) of the Company or any of
its Affiliates. 
 (2)    “Trade Secrets” means any and all information and materials
(in any form or medium) that are proprietary to the Company or an Affiliate, or are treated as 

  
 17 

 
confidential by the Company or an Affiliate as part of, or relating to, any portion of its or their businesses (whether or not owned or developed by the Company or an Affiliate) and that are not
generally known by other persons or entities in the same type of business. 
 For purposes of the Agreement, Trade Secrets
include, without limitation, the following: all of the Company’s or Affiliate’s research, technical and business information, whether patentable or not, which is of a confidential, trade secret or proprietary character, and which is either
developed by the Executive alone, or with others or by others; all non-public information that the Company or an Affiliate has marked as confidential or has otherwise described to Executive (either in writing
or orally) as confidential; all non-public information concerning the Company’s or Affiliate’s products, services, prospective products or services, research, prospects, leases, surveys, seismic
data, drilling data, designs, prices, costs, marketing plans, marketing techniques, studies, test data, leasehold and royalty owners, investors, suppliers and contracts; all business records and plans; all personnel files; all financial information
of or concerning the Company or an Affiliate; all information relating to the Company’s operating system software, application software, software and system methodology, hardware platforms, technical information, inventions, computer programs
and listings, source codes, object codes, copyrights and other intellectual property; all technical specifications; any proprietary information belonging to the Company or an Affiliate; all computer hardware or software manuals of the Company or an
Affiliate; all Company or Affiliate training or instruction manuals; all Company or Affiliate electronic data; and all computer system passwords and user codes. 

11.    Duty to Return Company Documents and Property. Upon the Termination Date, Executive shall immediately return and
deliver to the Company any and all papers, books, records, documents, memoranda and manuals, e-mail, electronic or magnetic recordings or data, including all copies thereof, belonging to the Company or
relating to its business, in Executive’s possession, whether prepared by Executive or others. If at any time after the Termination Date, Executive determines that Executive has any Trade Secrets in Executive’s possession or
control, Executive shall immediately return them to the Company, including all copies thereof. 
 12.    Best Efforts and
Disclosure. Executive agrees that, while employed with the Company under this Agreement, Executive’s services shall be devoted on a full time basis to the Company’s business, and Executive shall use best efforts to promote its
success. Further, Executive shall promptly disclose to the Company all ideas, inventions, computer programs, and discoveries, whether or not patentable or copyrightable, which Executive may conceive or make, alone or with others, during
Executive’s period of employment with the Company or its Affiliates, whether or not during working hours, and which directly or indirectly: 
  

	 	(a)	relate to a matter within the scope, field, duties or responsibility of Executive’s employment with the Company or within the scope or field of the Company’s or an Affiliate’s business; or

  

	 	(b)	are based on any knowledge of the actual or anticipated business or interests of the Company; or 

  
 18 

	 	(c)	are aided by the use of time, materials, facilities or information of the Company or an Affiliate. 

Executive assigns to the Company, without further compensation, any and all rights, titles and interest in all such ideas, inventions,
computer programs and discoveries in all countries of the world. Executive recognizes that all ideas inventions, computer programs and discoveries of the type described above, conceived or made by Executive alone or with others within 12 months
after the Termination Date (voluntary or otherwise), are likely to have been conceived in significant part either while employed by the Company or as a direct result of knowledge Executive had of proprietary information or Trade Secrets.
Accordingly, Executive agrees that such ideas, inventions or discoveries shall be presumed to have been conceived during Executive’s period of employment with the Company or its Affiliates, unless and until the contrary is clearly established
by the Executive. 
 13.    Inventions and Other Works. Any and all writings, computer software, inventions, improvements,
processes, procedures and/or techniques which Executive may make, conceive, discover, or develop, either solely or jointly with any other person or persons, at any time during Executive’s period of employment with the Company or its Affiliates,
whether at the request or upon the suggestion of the Company or otherwise, which relate to or are useful in connection with any business now or hereafter carried on or contemplated by the Company, including developments or expansions of its present
fields of operations, shall be the sole and exclusive property of the Company. Executive agrees to take any and all actions necessary or appropriate so that the Company can prepare and present applications for copyright or letters patent therefor,
and secure such copyright or letters patent wherever possible, as well as reissue renewals, and extensions thereof, and obtain the record title to such copyright or patents. Executive shall not be entitled to any additional or special compensation
or reimbursement regarding any such writings, computer software, inventions, improvements, processes, procedures and techniques. Executive acknowledges that the Company from time to time may have agreements with other persons or entities which
impose obligations or restrictions on the Company regarding inventions made during the course of work thereunder or regarding the confidential nature of such work. Executive agrees to be bound by all such obligations and restrictions, and to take
all action necessary to discharge the obligations of the Company. 

14.    Non-Solicitation Restriction. Executive hereby agrees that in order to
protect Trade Secrets, it is necessary to enter into the following restrictive covenant, which is ancillary to the enforceable promises between the Company and Executive in Sections 9 through 13 and other provisions of this
Agreement. During the Executive’s employment and for a period of one (1) year following the Termination Date (regardless of the reason for termination), Executive hereby covenants and agrees that he will not, directly or indirectly,
without obtaining the express written consent of the Board, either individually or as a principal, partner, agent, consultant, contractor, employee, or as a director or officer of any entity, or in any other manner or capacity whatsoever, except on
behalf of the Company, solicit business, attempt to solicit business, or conduct business, in products or services competitive with any products or services offered or performed by the Company or its Affiliates in any business which the Company or
any of its Affiliates does business, prepared to conduct business as of the Termination Date (or if the applicable activity occurs before the Termination, Date, then as of the date on which such activity occurs), or has any business interest within
the Restricted Territory as of the Termination 

  
 19 

 
Date (or if the applicable activity occurs before the Termination, Date, then as of the date on which such activity occurs), (a) from those individuals or entities with whom the Company or an
Affiliate conducted or prepared to conduct business in the Restricted Territory during the Executive’s employment with the Company or (b) with respect to any assets or holdings in which the Company or Affiliate had any interest in
the Restricted Territory at any time during the two-year period ending on the earlier of the Termination Date or the date on which such activity occurs. Following the occurrence of a Midstream Transaction (as
defined in Section 6(a)(5)), the individuals or entities referred to in clause (a) of the immediately preceding sentence shall not include those individuals or entities with whom the Company or an Affiliate conducted
or prepared to conduct business in the Restricted Territory to the extent related to the Midstream Assets (as defined in Section 10(d)(1)) and the assets or holdings referred to in clause (b) of the immediately
preceding sentence shall not include the Midstream Assets. 
 15.    Non-Competition
Restriction. Executive hereby agrees that in order to protect Trade Secrets, it is necessary to enter into the following restrictive covenant, which is ancillary to the enforceable promises between the Company and Executive in
Sections 9 through 14 and other provisions of this Agreement. Executive hereby covenants and agrees that during Executive’s period of employment with the Company or its Affiliates, and for a period of one (1) year
following the Termination Date (regardless of the reason for termination), Executive will not, without obtaining the express written consent of the Company, engage in any capacity, directly or indirectly (whether as proprietor, stockholder,
director, partner, employee, agent, independent contractor, consultant, trustee, or in any other capacity), with respect to any entity engaged or preparing to engage in the business of oil and gas exploration and production, the acquisition,
development or operation of Midstream Assets or any other aspect of the Company’s or an Affiliate’s business, in each case, within the Restricted Territory (a “Competing Enterprise”); provided, however, Executive shall not
be deemed to be participating or engaging in a Competing Enterprise solely by virtue of the ownership of not more than one percent (1%) of any class of stock or other securities which are publicly traded on a national securities exchange or in a
recognized over-the-counter market. 

16.    No Recruitment Restriction. Executive agrees that during Executive’s period of employment with the Company or
its Affiliates, and for a period of one (1) year following the Termination Date (regardless of the reason for termination), without obtaining the express written consent of the Company, Executive shall not, either directly or indirectly, or by
acting in concert with another person or entity: 
  

	 	(a)	hire or engage (i) any employee performing services for the Company or any Affiliate, (ii) any independent contractor performing services for the Company and/or any Affiliate in the Restricted Territory
(as defined in Section 10(d)(1)) to the extent that the aggregate revenues derived from such services for the Company and its Affiliates constitute at least 20% of the annual business revenues of such independent contractor
(a “Primary Independent Contractor”), or (iii) any such employee or Primary Independent Contractor who performed services for the Company or any Affiliate at any time during the
one-year period ending on the earlier of (A) the Termination Date or (B) the date on which such hiring or engagement occurs; or 

  
 20 

	 	(b)	solicit or influence, or seek to solicit or influence, any employee of the Company or any Affiliate or any Primary Independent Contractor, or any such employee or Primary Independent Contractor who performed
services for the Company or any Affiliate at any time during the one-year period ending on the earlier of (i) the Termination Date or (ii) the date on which such activity occurs, to either terminate,
reduce or otherwise adversely affect the employment or other services relationship of such person or entity with the Company or any Affiliate. 

17.    Business Opportunities. During Executive’s period of employment with the Company or its Affiliates and
for a period of one (1) year following the Termination Date (regardless of the reason for termination), the Executive assigns and agrees to assign without further compensation to the Company, its Affiliates and its successors, assigns or
designees, all of the Executive’s right, title and interest in and to all Business Opportunities (defined below), and further acknowledges and agrees that all Business Opportunities constitute the exclusive property of the Company. The
Executive shall present all Business Opportunities to the Company, and shall not exploit a Business Opportunity. For purposes of this Agreement, “Business Opportunities” means all business ideas, prospects, or proposals
pertaining to oil and gas exploration and production, the acquisition, development or operation of Midstream Assets or any other aspect of the Company’s or an Affiliate’s business, and any business the Company or any Affiliate prepared to
conduct, or contemplated conducting during Executive’s employment with the Company, which are developed by the Executive or originated by any third party and brought to the attention of the Executive, together with information relating thereto;
provided however, that for the one (1) year period following the Termination Date, “Business Opportunities” shall be limited to those Business Opportunities in the Restricted Territory. For the avoidance of doubt, this
Section 17 is not intended to limit or narrow the Executive’s duties or obligations under federal or state law with respect to corporate opportunities. 

18.    Tolling. If Executive violates any of the restrictions contained in Sections 9 through
17, then notwithstanding any provision hereof to the contrary, the restrictive period will be suspended and will not run in favor of Executive from the time of the commencement of any such violation, unless and until such time when the
Executive cures the violation to the reasonable satisfaction of the Company. 
 19.    Reformation. If a court or
arbitrator rules that any time period or the geographic area specified in any restrictive covenant in Sections 9 through 17 is unenforceable, then the time period will be reduced by the number of months, or the geographic area
will be reduced by the elimination of such unenforceable portion, or both, so that the restrictions may be enforced in the geographic area and for the time to the full extent permitted by law. 

20.    No Previous Restrictive Agreements. Executive represents that, except for a
non-solicitation agreement between Executive and Anadarko Petroleum Corporation that expires one year following the termination of his employment with Anadarko Petroleum Corporation, or as otherwise disclosed
in writing to the Company as of the Effective Date, Executive is not bound by the terms of any agreement with any previous employer or other third party to (a) refrain from using or disclosing any confidential or proprietary information in the
course of Executive’s employment by the Company or (b) refrain from competing, directly or indirectly, with the business of such previous employer or any other person or entity. Executive further represents 

  
 21 

 
that Executive’s performance under this Agreement and work duties for the Company do not, and will not, breach any agreement to keep in confidence any proprietary information,
knowledge or data acquired by Executive in confidence or in trust prior to Executive’s employment with the Company, and Executive will not disclose to the Company or induce the Company to use any confidential or proprietary information
or material belonging to any previous employer or others. 
 21.    Conflicts of Interest. In keeping with
Executive’s fiduciary duties to the Company, Executive hereby agrees that Executive shall not become involved in a conflict of interest, or upon discovery thereof, allow such a conflict to continue at any time during Executive’s period of
employment with the Company or its Affiliates. In this respect, Executive agrees to fully comply with the conflict of interest agreement entered into by Executive as an employee, officer or director of the Company or an Affiliate. In the instance of
a violation of the conflict of interest agreement to which Executive is a party, it may be necessary for the Company to terminate Executive’s employment for Cause. 

22.    Remedies. Executive acknowledges that the restrictions contained in Sections 9 through 21
of this Agreement, in view of the nature of the Company’s business, are reasonable and necessary to protect the Company’s legitimate business interests, and that any violation of this Agreement would result in irreparable injury to the
Company. Notwithstanding the arbitration provisions in Section 31, in the event of a breach or a threatened breach by Executive of any provision of Sections 9 through 21 of this Agreement, the Company
shall be entitled to a temporary restraining order and injunctive relief restraining Executive from the commission of any breach, and to recover the Company’s attorneys’ fees, costs and expenses related to the breach or threatened breach.
Nothing contained in this Agreement shall be construed as prohibiting the Company from pursuing any other remedies available to it for any such breach or threatened breach, including, without limitation, the recovery of money damages,
attorneys’ fees, and costs. These covenants and agreements shall each be construed as independent of any other provisions in this Agreement, and the existence of any claim or cause of action by Executive against the Company, whether predicated
on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of such covenants and agreements. 

23.    No Interference. Notwithstanding any other provision of this Agreement, (a) Executive may disclose
confidential information when required to do so by a court of competent jurisdiction, by any governmental agency having authority over Executive or the business of the Company or by any administrative body or legislative body (including a committee
thereof) with jurisdiction to order Executive to divulge, disclose or make accessible such information, in each case, subject to Executive’s obligations to notify the Company under Section 10(b); and (b) nothing
in this Agreement is intended to interfere with Executive’s right to (1) report possible violations of state or federal law or regulation to any governmental or law enforcement agency or entity; (2) make other disclosures that are
protected under the whistleblower provisions of state or federal law or regulation (including the right to receive an award for information provided to any such government agencies); (3) file a claim or charge any governmental agency or entity; or
(4) testify, assist, or participate in an investigation, hearing, or proceeding conducted by any governmental or law enforcement agency or entity, or any court. For purposes of clarity, in making or initiating any such reports or disclosures or
engaging in any of the conduct outlined in subsection (b) above, Executive may disclose confidential information to the extent necessary to 

  
 22 

 
such governmental or law enforcement agency or entity or such court, need not seek prior authorization from the Company, and is not required to notify the Company of any such reports, disclosures
or conduct. 
 24.    Defend Trade Secrets Act. Executive is hereby notified in accordance with the Defend Trade
Secrets Act of 2016 that Executive will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (a) is made (1) in confidence to a federal, state, or local government
official, either directly or indirectly, or to an attorney; and (2) solely for the purpose of reporting or investigating a suspected violation of law; or (b) is made in a complaint or other document that is filed under seal in a lawsuit or
other proceeding. If Executive files a lawsuit for retaliation against the Company for reporting a suspected violation of law, Executive may disclose the Company’s trade secrets to Executive’s attorney and use the trade secret information
in the court proceeding if Executive files any document containing the trade secret under seal, and does not disclose the trade secret, except pursuant to court order. 

25.    Withholdings; Right of Offset. The Company may withhold and deduct from any benefits and payments made or to
be made pursuant to this Agreement (a) all federal, state, local and other taxes as may be required pursuant to any law or governmental regulation or ruling, (b) all other normal employee deductions made with respect to Company’s
employees generally, and (c) any advances made to Executive and owed to Company. 
 26.    Nonalienation. The
right to receive payments under this Agreement shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge or encumbrance by Executive, dependents or beneficiaries of Executive, or to any other person who is or
may become entitled to receive such payments hereunder. The right to receive payments hereunder shall not be subject to or liable for the debts, contracts, liabilities, engagements or torts of any person who is or may become entitled to receive such
payments, nor may the same be subject to attachment or seizure by any creditor of such person under any circumstances, and any such attempted attachment or seizure shall be void and of no force and effect. 

27.    Incompetent or Minor Payees. Should the Company determine, in its discretion, that any person to whom any
payment is payable under this Agreement has been determined to be legally incompetent or is a minor, any payment due hereunder, notwithstanding any other provision of this Agreement to the contrary, may be made in any one or more of the following
ways: (a) directly to such minor or person; (b) to the legal guardian or other duly appointed personal representative of the person or estate of such minor or person; or (c) to such adult or adults as have, in the good faith knowledge
of the Company, assumed custody and support of such minor or person; and any payment so made shall constitute full and complete discharge of any liability under this Agreement in respect to the amount paid. 

28.    Severability. It is the desire of the Parties hereto that this Agreement be enforced to the maximum extent
permitted by law, and should any provision contained herein be held unenforceable by a court of competent jurisdiction or arbitrator (pursuant to Section 31), the Parties hereby agree and consent that such provision shall
be reformed to create a valid and enforceable provision to the maximum extent permitted by law; provided, however, if such provision cannot be reformed, it shall be deemed ineffective and deleted herefrom without 

  
 23 

 
affecting any other provision of this Agreement. This Agreement should be construed by limiting and reducing it only to the minimum extent necessary to be enforceable under then applicable law.

 29.    Title and Headings; Construction. In the interpretation of the Agreement, except where the context
clearly otherwise requires: 
 (a)    “including” or “include” does not denote or imply any
limitation; 
 (b)    “or” has the inclusive meaning “and/or”; 

(c)    the singular includes the plural, and vice versa, and each gender includes each of the others; 

(d)    captions or headings are only for reference and are not to be considered in interpreting the Agreement; 

(e)    “Section” refers to a Section of the Agreement, unless otherwise stated in the Agreement; 

(f)    the words “herein”, “hereof”, “hereunder” and other compounds of the word
“here” shall refer to the entire Agreement and not to any particular provision; and 
 (g)    a
reference to any statute, rule, or regulation includes any amendment thereto or any statute, rule, or regulation enacted or promulgated in replacement thereof or as the successor thereto. 

30.    Governing Law; Jurisdiction. All matters or issues relating to the interpretation, construction, validity, and
enforcement of this Agreement shall be governed by the laws of the State of Texas, without giving effect to any choice-of-law principle that would cause the application
of the laws of any jurisdiction other than Texas. Jurisdiction and venue of any action or proceeding relating to this Agreement or any Dispute (to the extent arbitration is not required under Section 31) shall be
exclusively in Harris County, Texas. 
 31.    Mandatory Arbitration. Except as provided in subsection (h) of
this Section 31, any Dispute must be resolved by binding arbitration in accordance with the following: 

(a)    Either Party may begin arbitration by filing a demand for arbitration in accordance with the Commercial
Arbitration Rules of the AAA (the “Arbitration Rules”) and concurrently notifying the other Party of that demand. If the Parties are unable to agree upon a panel of three neutral arbitrators within twenty days after the demand for
arbitration was filed (the Parties agree to a reasonable, one-time extension of that twenty-day period), either Party may request the Houston, Texas office of the
American Arbitration Association (“AAA”) to appoint the arbitrator or arbitrators necessary to complete the panel in accordance with the Arbitration Rules. Each arbitrator so appointed shall be deemed accepted by the Parties as part
of the panel. Notwithstanding the foregoing, the Parties, by mutual consent, may agree to a single arbitrator instead of a panel of three arbitrators and, in such event, references herein to “panel” shall refer to the single appointed
arbitrator. 

  
 24 

 (b)    The arbitration shall be conducted in the Houston, Texas
metropolitan area at a place and time agreed upon by the Parties with the panel, or if the Parties cannot agree, as designated by the panel. The panel may, however, call and conduct hearings and meetings at such other places as the Parties may agree
or as the panel may, on the motion of one Party, determine to be necessary to obtain significant testimony or evidence. 

(c)    The panel may authorize any and all forms of discovery upon a Party’s showing of need that the
requested discovery is likely to lead to material evidence needed to resolve the Dispute and is not excessive in scope, timing, or cost. 

(d)    The arbitration shall be subject to the Federal Arbitration Act and conducted in accordance with the
Arbitration Rules to the extent that they do not conflict with this Section 31. The Parties and the panel may, however, agree to vary to provisions of this Section 31 or the matters otherwise
governed by the Arbitration Rules as permitted by law. 
 (e)    The arbitration hearing shall be held within 60
days after the appointment of the panel. The panel’s final decision or award shall be made within 30 days after the hearing. That final decision or award shall be made by unanimous or majority vote or consent of the arbitrators constituting the
panel, and shall be deemed issued at the place of arbitration. The panel’s final decision or award shall be based on the terms and conditions of this Agreement and applicable law. 

(f)    The panel’s final decision or award may include injunctive relief in response to any actual or
impending breach of this Agreement or any other actual or impending action or omission of a Party under or in connection with this Agreement. 

(g)    The panel’s final decision or award shall be final and binding upon the Parties, and judgment upon that
decision or award may be entered in any court having jurisdiction. The Parties waive any right to apply or appeal to any court for relief from the preceding sentence or from any decision of the panel that is made before the final decision or award.

 (h)    Nothing in this Section 31 limits the right of either Party to apply to a
court having jurisdiction to (i) enforce the agreement to arbitrate in accordance with this Section 31, (ii) seek provisional or temporary injunctive relief, in response to an actual or impending breach of the
Agreement or otherwise so as to avoid an irreparable damage or maintain the status quo, until a final arbitration decision or award is rendered or the Dispute is otherwise resolved, or challenge or vacate any final arbitration decision or award that
does not comply with this Section 31. In addition, nothing in this Section 31 prohibits the Parties from resolving any Dispute (in whole or in part) at any time by mutual agreement or compromise.
This Section 31 shall also not preclude the Parties at any time from mutually agreeing to pursue non-binding mediation of the Dispute. 

(i)    The panel may proceed to an award notwithstanding the failure of any Party to participate in such
proceedings. The prevailing Party in the arbitration proceeding may be entitled to an award of reasonable attorneys’ fees incurred in connection with the arbitration in such amount, if any, as determined by the panel in its discretion. The
costs of the arbitration shall be borne equally by the Parties unless otherwise determined by the panel in its award. 

  
 25 

 (j)    The panel shall be empowered to impose sanctions and to take
such other actions as it deems necessary to the same extent a judge could impose sanctions or take such other actions pursuant to the Federal Rules of Civil Procedure and applicable law. Each Party agrees to keep all Disputes and arbitration
proceedings strictly confidential except for disclosure of information required by applicable law which cannot be waived. 

32.    Binding Effect; Third Party Beneficiaries. Subject to Section 37, this Agreement
shall be binding upon and inure to the benefit of the Parties hereto, and to their respective heirs, executors, beneficiaries, personal representatives, successors and permitted assigns hereunder; otherwise this Agreement shall not be for the
benefit of any third parties. 
 33.    Entire Agreement; Amendment and Termination. This Agreement, together with
the most recent offer letter provided by the Company to Executive (the “Offer Letter”), contains the entire agreement of the Parties hereto with respect to the matters covered herein; moreover, this Agreement and the Offer Letter
supersede all prior and contemporaneous agreements and understandings, oral or written, between the Parties concerning the subject matter hereof. This Agreement may be amended, waived or terminated only by a written instrument that is identified as
an amendment, waiver or termination hereto, and is executed on behalf of both Parties. Executive hereby acknowledges and represents that in executing this Agreement, he did not rely on, has not relied on, and specifically disavows any reliance on,
any communications, promises, statements, inducements, or representations, oral or written, by the Company, except as expressly contained in this Agreement or the Offer Letter. The Parties represent that they relied on their own judgment in entering
into this Agreement. 
 34.    Section 409A. 

(a)    General. Any provisions of the Agreement that are
subject to Section 409A of the Code and the regulations and other authoritative guidance issued thereunder (“Section 409A”), are intended to comply with all applicable requirements of Section 409A, or an
exemption from the application of Section 409A, and shall be interpreted and administered accordingly. Notwithstanding any provision of this Agreement to the contrary, a termination of employment shall not be deemed to have occurred for
purposes of any provision of this Agreement providing for the payment of any amount or benefit that constitutes “non-qualified deferred compensation” (within the meaning of Section 409A) upon or
following a termination of the Executive’s employment unless such termination is also a “separation from service” (as defined under Section 409A) (a “Separation from Service”) and, for purposes of any such
provision, references herein to a “termination,” “termination of employment” or like terms shall mean a Separation from Service, if applicable. Each payment under this Agreement shall be treated as a separate payment for purposes
of Section 409A. In no event may the Executive, directly or indirectly, designate the calendar year of any payment to be made under this Agreement. 

(b)    Specified Employee. Notwithstanding any provision of this Agreement to the contrary, if any
payment or other benefit provided hereunder would be subject to additional taxes and interest under Section 409A because the timing of such payment is not delayed as required by Section 409A for a “specified employee” (as defined
under Section 409A), then if the Executive is on the date of Executive’s Separation from Service a specified employee, any such payment or benefit that Executive would otherwise be entitled to receive during the first six

  
 26 

 
months following the Separation from Service shall be accumulated and paid in a lump sum within ten (10) days after the date that is six months following the date of the Separation from
Service, or such earlier date upon which such amount can be paid under Section 409A without being subject to such additional taxes and interest such as, for example, upon the Executive’s death. Any remaining payments due to Executive under
this Agreement shall be paid as otherwise provided in this Agreement. 
 (c)    Reimbursements and In-Kind Benefits. Notwithstanding any provision of this Agreement to the contrary, any reimbursements or in-kind benefits provided under this Agreement that constitute
“nonqualified deferred compensation” within the meaning of Section 409A shall be paid to Executive no later than December 31 of the year following the year in which the expense was incurred, the amount of expenses reimbursed in
one year shall not affect the amount eligible for reimbursement in any subsequent year, other than medical expenses referred to in Section 105(b) of the Code, and Executive’s right to reimbursement under this Agreement will
not be subject to liquidation or exchange for other benefits. 
 (d)    No
Section 409A Representations. Notwithstanding the foregoing, the Company makes no representations, warranties, or guarantees regarding the tax consequences of this Agreement, or any payments made hereunder,
under Section 409A or otherwise, and has advised the Executive to consult with Executive’s own tax advisor. 

35.    Survival of Certain Provisions. Provisions of this Agreement which by their terms must survive
the termination of this Agreement shall survive any such termination or expiration of this Agreement or termination of Executive’s employment, as applicable, including, without limitation, Executive’s obligations under Sections 9
through 18 and the Company’s obligations under Section 6. 
 36.    Waiver of
Breach. No waiver by any party hereto of a breach of any provision of this Agreement by any other party, or of compliance with any condition or provision of this Agreement to be performed by such other party, will operate or be construed as
a waiver of any subsequent breach by such other party or any similar or dissimilar provision or condition at the same or any subsequent time. The failure of any party hereto to take any action by reason of any breach will not deprive such party of
the right to take action at any time while such breach continues. 
 37.    Successors and Assigns. This Agreement
shall be binding upon and inure to the benefit of the Company and its Affiliates (and its and their successors), as well as upon any person or entity acquiring, whether by merger, consolidation, purchase of assets, dissolution or otherwise, all or
substantially all of the capital stock, business and/or assets of the Company (or its successor) regardless of whether the Company is the surviving or resulting entity. The Company shall require any successor (whether direct or indirect, by
purchase, merger, consolidation, dissolution or otherwise) to all or substantially all of the capital stock, business or assets of the Company to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the
Company would be required to perform it if no such succession had occurred; provided, however, no such assumption shall relieve the Company or any of its Affiliates (or any successor thereof) of any of its duties or obligations hereunder unless
otherwise agreed, in writing, by Executive. 

  
 27 

 This Agreement shall inure to the benefit of and be enforceable by Executive’s personal or
legal representative, executors, administrators, successors, and heirs. In the event of the death of Executive while any amount is payable hereunder, all such amounts shall be paid to the Designated Beneficiary. 

38.    Notice. Each notice or other communication required or permitted under this Agreement shall be in writing and
transmitted, delivered, or sent by personal delivery, prepaid courier or messenger service (whether overnight or same-day), or prepaid certified United States mail (with return receipt requested), addressed
(in any case) to the other party at the address for that party set forth below that party’s signature on this Agreement, or at such other address as the recipient has designated by Notice to the other party, by electronic mail, delivery and
read receipt required, or by facsimile, confirmation of delivery required. 
 Each notice or communication so transmitted, delivered, or
sent (a) in person, by courier or messenger service, or by certified United States mail shall be deemed given, received, and effective on the date delivered to or refused by the intended recipient (with the return receipt, or the equivalent
record of the courier or messenger, being deemed conclusive evidence of delivery or refusal), or (b) by telecopy or facsimile shall be deemed given received) and effective on the date of actual receipt (with the confirmation of transmission
being deemed conclusive evidence of receipt, except where the intended recipient has promptly notified the other party that the transmission is illegible). Nevertheless, if the date of delivery or transmission is not a business day, or if the
delivery or transmission is after 5:00 p.m. (local time) on a business day, the notice or other communication shall be deemed given, received, and effective on the next business day. 

39.    Executive Acknowledgment. Executive acknowledges (a) being knowledgeable and sophisticated as to business
matters, including the subject matter of this Agreement, (b) having read this Agreement and understanding its terms and conditions, (c) having been given an ample opportunity to discuss this Agreement with his personal legal counsel prior
to execution, and (d) that no strict rules of construction shall apply for or against the drafter or any other party. Executive hereby represents that, subject to Section 20, he is free to enter into this Agreement
including, without limitation that he is not subject to any covenant not to compete, confidentiality agreement or other restrictive agreement or covenant, with a former employer or otherwise, that could conflict with this Agreement or his duties
hereunder. 
 40.    Counterparts. This Agreement may be executed in any number of counterparts, each of which when
so executed and delivered shall be an original, but all such counterparts shall together constitute one and the same instrument. Each counterpart may consist of a copy hereof containing multiple signature pages, each signed by one party hereto, but
together signed by both Parties. 
 41.    Parent Acknowledgment and Guarantee. Alta Mesa is the direct or indirect
parent of the Company. Alta Mesa hereby unconditionally guarantees full and timely performance of the obligations of the Company and its Affiliates under this Agreement. The foregoing guarantee shall include the guarantee of the payment of all
benefits and payments due Executive hereunder as a result of the nonperformance of any of such obligations or agreements so guaranteed or as a result of the nonperformance of this guarantee. Executive may, at his option, proceed against Alta Mesa
for damages for default in the performance thereof, without first proceeding against 

  
 28 

 
the Company or against any of its properties or Affiliates. Alta Mesa further agrees that its guarantee shall be an irrevocable guarantee and shall continue in effect notwithstanding any
extension or modification of any guaranteed obligation, any assumption of any such guaranteed obligation by any other party, or any other act or thing which might otherwise operate as a legal or equitable discharge of a guarantor, and Alta Mesa
hereby waives all special suretyship defenses and notice requirements. This guarantee shall also be binding upon all successors and assigns of all of substantially all of the business or assets of Alta Mesa. Section 31
shall apply to Disputes between Alta Mesa and Executive mutatis mutandis. 
 [Signature pages follow.] 

  
 29 

 IN WITNESS WHEREOF, Executive has executed this Agreement, the Company has caused this
Agreement to be executed in its name and on its behalf by its duly authorized officer, and Alta Mesa has caused this Agreement to be executed in its name and on its behalf by its duly authorized officer solely for purposes of Section 41 of the
Agreement, to be effective as of the Effective Date. 
  

	
	 EXECUTIVE:

	  

	Craig Collins
	
	Address for Notices:
	
	Most recent mailing address for Executive in the Company’s personnel files

 [Signature pages continue.] 

  
 30 

 
			
	COMPANY:
	
	ALTA MESA SERVICES, LP, a Texas limited partnership
		
	By:	 	OEM GP, LLC,
	 	 	a Texas limited liability company
	 	 	its general partner
		
	By:	 	Alta Mesa Holdings, LP,
	 	 	a Texas limited partnership
	 	 	its sole member
		
	By:	 	Alta Mesa Holdings GP, LLC
	 	 	a Texas limited liability company
	 	 	its general partner
		
	By:	 	  

	Name:	 	Harlan H. Chappelle
	Title:	 	Chief Executive Officer
	
	Address for Notices:
	
	 OEM GP, LLC
 c/o Alta Mesa
Resources, Inc.
 15021 Katy Freeway, Suite 400

	Houston, TX 77094
	
	 Attn: Chief Executive Officer

 [Signature pages continue.] 

  
 31 

 
			
	 Solely for purposes of Section 41 of the

Agreement:

	
	ALTA MESA HOLDINGS, LP, a Texas limited partnership
		
	By:	 	Alta Mesa Holdings GP, LLC
		 	a Delaware limited liability company
		 	its general partner
		
	By:	 	  

	Name:	 	Harlan H. Chappelle,
	Title:	 	Chief Executive Officer
	
	Address for Notices:
	
	 Alta Mesa Holdings, LP
 c/o Alta
Mesa Resources, Inc.
 15021 Katy Freeway, Suite 400

	Houston, TX 77094
		
	Attn:	 	Chief Executive Officer

 [End of Signatures.] 

  
 32

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00281-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00281-of-00352.parquet"}]]