Document:

Amended and Restated Guarantee and Collateral Agreement

 Exhibit 10.2 
 Execution Copy 
 AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT

 made by 
 each of the Grantors (as defined herein) 
 in favor of 

Bank of Montreal, 

as Administrative Agent 
 Dated as of December 22, 2011 

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
	 ARTICLE I Definitions
	  	 	2	  
			
	 Section 1.01
	  	Definitions	  	 	2	  
			
	 Section 1.02
	  	Other Definitional Provisions; References	  	 	3	  
		
	 ARTICLE II Guarantee
	  	 	4	  
			
	 Section 2.01
	  	Guarantee	  	 	4	  
			
	 Section 2.02
	  	Payments	  	 	5	  
		
	 ARTICLE III Grant of Security Interest
	  	 	5	  
			
	 Section 3.01
	  	Grant of Security Interest	  	 	5	  
			
	 Section 3.02
	  	Transfer of Pledged Securities	  	 	6	  
			
	 Section 3.03
	  	Grantors Remain Liable under Accounts, Chattel Paper and Payment Intangibles	  	 	6	  
			
	 Section 3.04
	  	Pledged Securities	  	 	6	  
		
	 ARTICLE IV Acknowledgments, Waivers and Consents
	  	 	7	  
			
	 Section 4.01
	  	Acknowledgments, Waivers and Consents	  	 	7	  
			
	 Section 4.02
	  	No Subrogation, Contribution or Reimbursement	  	 	9	  
		
	 ARTICLE V Representations and Warranties
	  	 	10	  
			
	 Section 5.01
	  	Representations in Credit Agreement	  	 	10	  
			
	 Section 5.02
	  	Benefit to the Guarantor	  	 	10	  
			
	 Section 5.03
	  	Perfected First Priority Liens	  	 	10	  
			
	 Section 5.04
	  	Prior Names, Addresses, Locations of Tangible Assets	  	 	10	  
			
	 Section 5.05
	  	Pledged Securities	  	 	10	  
			
	 Section 5.06
	  	Instruments and Chattel Paper	  	 	11	  
		
	 ARTICLE VI Covenants
	  	 	11	  
			
	 Section 6.01
	  	Covenants in Credit Agreement	  	 	11	  
			
	 Section 6.02
	  	Maintenance of Perfected Security Interest; Further Documentation	  	 	11	  
			
	 Section 6.03
	  	Pledged Securities	  	 	12	  
			
	 Section 6.04
	  	Commercial Tort Claims	  	 	13	  
		
	 ARTICLE VII Remedial Provisions
	  	 	14	  
			
	 Section 7.01
	  	Pledged Securities	  	 	14	  
			
	 Section 7.02
	  	Collections on Accounts, Etc.	  	 	15	  

  
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	 Section 7.03
	  	Proceeds	  	 	15	  
			
	 Section 7.04
	  	Texas UCC and Other Remedies	  	 	16	  
			
	 Section 7.05
	  	Private Sales of Pledged Securities	  	 	17	  
			
	 Section 7.06
	  	Waiver; Deficiency	  	 	17	  
			
	 Section 7.07
	  	Non-Judicial Enforcement	  	 	17	  
		
	 ARTICLE VIII The Administrative Agent
	  	 	17	  
			
	 Section 8.01
	  	Administrative Agent’s Appointment as Attorney-in-Fact, Etc.	  	 	17	  
			
	 Section 8.02
	  	Duty of Administrative Agent	  	 	19	  
			
	 Section 8.03
	  	Execution of Financing Statements	  	 	20	  
			
	 Section 8.04
	  	Authority of Administrative Agent	  	 	20	  
		
	 ARTICLE IX Subordination of Indebtedness
	  	 	20	  
			
	 Section 9.01
	  	Subordination of All Guarantor Claims	  	 	20	  
			
	 Section 9.02
	  	Claims in Bankruptcy	  	 	21	  
			
	 Section 9.03
	  	Payments Held in Trust	  	 	21	  
			
	 Section 9.04
	  	Liens Subordinate	  	 	21	  
			
	 Section 9.05
	  	Notation of Records	  	 	21	  
		
	 ARTICLE X Miscellaneous
	  	 	22	  
			
	 Section 10.01
	  	Waiver	  	 	22	  
			
	 Section 10.02
	  	Notices	  	 	22	  
			
	 Section 10.03
	  	Amendments in Writing	  	 	22	  
			
	 Section 10.04
	  	Successors and Assigns	  	 	22	  
			
	 Section 10.05
	  	Invalidity	  	 	22	  
			
	 Section 10.06
	  	Counterparts	  	 	22	  
			
	 Section 10.07
	  	Survival	  	 	22	  
			
	 Section 10.08
	  	Captions	  	 	23	  
			
	 Section 10.09
	  	No Oral Agreements	  	 	23	  
			
	 Section 10.10
	  	Governing Law; Submission to Jurisdiction	  	 	23	  
			
	 Section 10.11
	  	Acknowledgments	  	 	24	  
			
	 Section 10.12
	  	Additional Grantors	  	 	25	  
			
	 Section 10.13
	  	Set-Off	  	 	25	  
			
	 Section 10.14
	  	Releases	  	 	25	  
			
	 Section 10.15
	  	Reinstatement	  	 	26	  
			
	 Section 10.16
	  	Acceptance	  	 	26	  

  
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 SCHEDULES: 
  

	 	1.	Notice Addresses of Guarantors 

  

	 	2.	Description of Pledged Securities 

  

	 	3.	Filings and Other Actions Required to Perfect Security Interests 

  

	 	4.	Prior Names and Prior Chief Executive Office 

ANNEX: 
  

	 	1.	Form of Assumption Agreement 

  
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 This AMENDED AND RESTATED GUARANTEE AND COLLATERAL AGREEMENT, dated as of December 22,
2011, is made by Dune Energy, Inc., a Delaware corporation (the “Borrower”), and each of the other signatories hereto other than the Administrative Agent (the Borrower and each of the other signatories hereto other than the
Administrative Agent, together with any other Subsidiary of the Borrower that becomes a party hereto from time to time after the date hereof, the “Grantors”), in favor of Bank of Montreal, as administrative agent (in such capacity,
together with its successors in such capacity, the “Administrative Agent”), for the banks and other financial institutions (the “Lenders”) from time to time parties to the Amended and Restated Credit Agreement,
dated of even date herewith (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, the Lenders, the Administrative Agent, and the other Agents party thereto. 

RECITALS 

A. Dune Energy, Inc., a Delaware corporation, and Dune Properties, Inc., a Texas corporation, collectively with Dune Energy, Inc. as
borrowers, Wells Fargo Capital Finance, Inc., as administrative agent, and Wayzata Opportunities Fund II, L.P., as sole lender, are party to that certain Amended and Restated Credit Agreement, dated as of December 7, 2010 (as amended or
otherwise modified from time to time through the date hereof, the “WF Credit Agreement”). 
 B. In connection
with the WF Credit Agreement, the Grantors are signatories to that certain Guarantee and Collateral
Agreement1 dated as of December 7, 2010, in favor of
Wells Fargo Capital Finance, Inc. and Wayzata Opportunities Fund II, L.P., as sole lender (the Existing Guarantee and Collateral Agreement”), pursuant to which the Grantors guaranteed, for the ratable benefit of the sole lender, complete
payment and performance by the borrowers of the borrower’s obligations pursuant to the WF Credit Agreement. 
 C. It is a
condition precedent to the obligation of the Lenders to make their respective extensions of credit to the Borrower under the Credit Agreement that the Grantors shall have executed and delivered this Agreement to the Administrative Agent for the
benefit of the Secured Parties. 
 D. In connection with the foregoing, the parties hereto desire to amend and restate the
Existing Guarantee and Collateral Agreement as set forth in this Agreement. 
 E. NOW, THEREFORE, to induce the Administrative
Agent and the Lenders to enter into the Credit Agreement and to induce the Lenders and other Secured Parties to make their respective extensions of credit to the Borrower thereunder, each Grantor hereby agrees with the Administrative Agent, for the
ratable benefit of the Secured Parties, as follows: 
  

	1 	Please confirm proper name of the existing Guarantee Agreement to be amended and restated. 

  
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 ARTICLE I 
 DEFINITIONS 
 Section 1.01 Definitions. 

(a) As used in this Agreement, each term defined above shall have the meaning indicated above. Unless otherwise defined
herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement, and the following terms as well as all uncapitalized terms which are defined in the Texas UCC on the date hereof are used
herein as so defined: Accounts, Chattel Paper, Commercial Tort Claims, Deposit Accounts, Documents, Electronic Chattel Paper, Equipment, General Intangibles, Goods, Instruments, Inventory, Investment Property, Letter-of-Credit Rights, Payment
Intangibles, Proceeds, Supporting Obligations, and Tangible Chattel Paper. 
 (b) The following terms shall have
the following meanings: 
 “Account Debtor” means a Person (other than any Grantor) obligated on an Account,
Chattel Paper, or General Intangible. 
 “Agreement” means this Amended and Restated Guarantee and Collateral
Agreement, as the same may be amended, supplemented or otherwise modified from time to time. 
 “Collateral”
shall have the meaning assigned such term in Section 3.01. 
 “Excluded Property” means (a) any
Equipment subject to a purchase money security interest or equipment or capital lease (“Encumbered Equipment”) if and to the extent that the creation of a security interest in the right, title or interest of the Grantor in the
Encumbered Equipment would cause or result in a default under any contractual provision or other restriction; (b) any rights or interest in any contract, license, permit or franchise covering real or personal property of the Grantor if, under
the terms of the contract, license, permit or franchise or applicable law, the grant of a security interest or other Lien therein is prohibited as a matter of Law, or under the terms of the contract, license, permit or franchise and that prohibition
has not been effectively waived or the consent of the other party(ies) to such contract, license, permit or franchise has not been obtained, but the foregoing exclusions in no way will be construed (i) to apply to the extent that any described
prohibition is unenforceable under Section 9-406, 9-407, 9-408, or 9-409 of the UCC (as same may be limited by other applicable Law) or other applicable Law, or (ii) to limit, impair or otherwise affect the continuing security interests of
the Secured Creditors in and Liens upon any rights or interests of the Grantors in or to (A) monies due or to become due under any described contract, license, permit or franchise (including any Accounts), or (B) any proceeds from the
sale, license, lease, or other dispositions of any such contract or license; (c) leasehold interests; (d) assets subject to certificates of title; (e) “intent to use” trademark applications; and (f) assets as to which
the Administrative Agent and the Borrower reasonably agree that the cost of obtaining a security interest or perfection thereof is excessive in relation to the benefit to the Lenders of the security afforded thereby. 

“Guarantors” means, collectively, each Grantor other than the Borrower. 

“Issuers” means, collectively, each issuer of a Pledged Security. 

“Pledged Securities” means: (i) the equity interests described or referred to in Schedule 2; and
(ii) (a) the certificates or instruments, if any, representing such equity interests, (b) all dividends (cash, stock or otherwise), cash, instruments, rights to subscribe, purchase or sell and all other rights and property from time
to time received, receivable or otherwise distributed in 

  
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respect of or in exchange for any or all of such equity interests, (c) all replacements, additions to and substitutions for any of the property referred to in this definition, including,
without limitation, claims against third parties, (d) the proceeds, interest, profits and other income of or on any of the property referred to in this definition and (e) all books and records relating to any of the property referred to in
this definition. 
 “Post-Default Rate” means the Alternate Base Rate plus the Applicable Margin plus two
percent (2%) per annum, but in no event to exceed the Highest Lawful Rate. 
 “Secured Obligations” means,
collectively, all Indebtedness, liabilities and obligations of the Borrower and each Guarantor to the Administrative Agent, the Issuing Bank, the Lenders and each Affiliate of a Lender party to a Secured Swap Agreement, of whatsoever nature and
howsoever evidenced, due or to become due, now existing or hereafter arising, whether direct or indirect, absolute or contingent, which may arise under, out of, or in connection with the Credit Agreement, any Cash Management Agreement, the other
Loan Documents, each Secured Swap Agreement and all other agreements, guarantees, notes and other documents entered into by any party in connection therewith, and any amendment, restatement or modification of any of the foregoing, including, but not
limited to, the full and punctual payment when due of any unpaid principal of the Loans and LC Exposure, any amounts payable in respect of an early termination under any Secured Swap Agreement, interest (including, without limitation, interest
accruing at any post-default rate and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, whether or not a claim for post-filing or post-petition interest is
allowed in such proceeding), fees, reimbursement obligations, guaranty obligations, penalties, indemnities, legal and other fees, charges and expenses, and amounts advanced by and expenses incurred in order to preserve any collateral or security
interest, whether due after acceleration or otherwise. 
 “Secured Parties” means, collectively, the
Administrative Agent, the Issuing Bank, the Lenders and any Affiliate of any Lender that is a party to a Secured Swap Agreement. 
 “Securities Act” means the Securities Act of 1933, as amended. 

“Texas UCC” means the Uniform Commercial Code, as it may be amended, from time to time in effect in the State of Texas.

 Section 1.02 Other Definitional Provisions; References. The meanings given to terms defined herein shall be
equally applicable to both the singular and plural forms of such terms. The gender of all words shall include the masculine, feminine, and neuter, as appropriate. The words “herein,” “hereof,” “hereunder” and other
words of similar import when used in this Agreement refer to this Agreement as a whole, and not to any particular article, section or subsection. Any reference herein to a Section shall be deemed to refer to the applicable Section of this Agreement
unless otherwise stated herein. Any reference herein to an exhibit, schedule or annex shall be deemed to refer to the applicable exhibit, schedule or annex attached hereto unless otherwise stated herein. Where the context requires, terms relating to
the Collateral or any part thereof, when used in relation to a Grantor, shall refer to such Grantor’s Collateral or the relevant part thereof. 

  
 3 

 ARTICLE II 
 GUARANTEE 
 Section 2.01 Guarantee. 

(a) Each of the Guarantors hereby, jointly and severally, unconditionally and irrevocably, guarantees to the
Administrative Agent, for the ratable benefit of the Secured Parties and each of their respective successors, endorsees, transferees and assigns, the prompt and complete payment and performance by the Borrower and the Guarantors when due (whether at
the stated maturity, by acceleration or otherwise) of the Secured Obligations. This is a guarantee of payment and not collection. 
 (b) Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum liability of each Guarantor hereunder and under the other Loan Documents shall in no event exceed the amount
which can be guaranteed by such Guarantor under applicable federal and state laws relating to the insolvency of debtors. 
 (c) Each Guarantor agrees that the Secured Obligations may at any time and from time to time exceed the amount of the liability of such Guarantor hereunder without impairing the guarantee contained in
this Article II or affecting the rights and remedies of the Administrative Agent or any Secured Party hereunder. 

(d) Each Guarantor agrees that if the maturity of any of the Secured Obligations is accelerated by bankruptcy or
otherwise, such maturity shall also be deemed accelerated for the purpose of this guarantee without demand or notice to such Guarantor. The guarantee contained in this Article II shall remain in full force and effect until all the Secured
Obligations (other than amounts in respect of indemnification, expense reimbursement, yield protection or tax gross-up for which no claim has been made) shall have been satisfied by payment in full, no Letter of Credit shall be outstanding (unless
cash collateralized or backstopped in a manner acceptable to the Issuing Bank) and all Secured Swap Agreements secured hereby and the Credit Agreement and the Commitments shall be terminated, notwithstanding that from time to time during the term of
the Credit Agreement, no Secured Obligations may be outstanding. 
 (e) No payment made by the Borrower, any of
the Guarantors, any other guarantor or any other Person or received or collected by the Administrative Agent or any other Secured Party from the Borrower, any of the Guarantors, any other guarantor or any other Person by virtue of any action or
proceeding or any set-off or appropriation or application at any time or from time to time in reduction of or in payment of the Secured Obligations shall be deemed to modify, reduce, release or otherwise affect the liability of any Guarantor
hereunder which shall, notwithstanding any such payment (other than any payment made by such Guarantor in respect of the Secured Obligations or any payment received or collected from such Guarantor in respect of the Secured Obligations), remain
liable for the Secured Obligations up to the maximum liability of such Guarantor hereunder until the Secured Obligations (other than amounts in respect of indemnification, expense, reimbursement, yield protection or tax gross-up for which no claim
has been made) are paid in full, no Letter of Credit shall be outstanding (unless cash collateralized or backstopped in a manner acceptable to the Issuing Bank), and all Secured Swap Agreements secured hereby and the Credit Agreement and the
Commitments are terminated. 

  
 4 

 Section 2.02 Payments. Each Guarantor hereby agrees and guarantees that payments
hereunder will be paid to the Administrative Agent without set-off or counterclaim in Dollars that constitute immediately available funds at the Principal Office of the Administrative Agent specified pursuant to the Credit Agreement. 

ARTICLE III 

GRANT OF SECURITY INTEREST 
 Section 3.01 Grant of Security Interest. Each Grantor hereby pledges, assigns, transfers and grants to the Administrative Agent, for the ratable benefit of the Secured Parties, a security
interest in all of the following property now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest and whether now existing or hereafter coming
into existence (collectively, the “Collateral”), as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Secured Obligations:

 (1) all Accounts; 
 (2) all Chattel Paper (whether Tangible Chattel Paper or Electronic Chattel Paper); 
 (3) all Commercial Tort Claims; 
 (4) all Deposit Accounts other than payroll,
withholding tax and other fiduciary Deposit Accounts; 
 (5) all Documents; 

(6) all General Intangibles (including, without limitation, rights in and under any Swap Agreements); 

(7) all Goods (including, without limitation, all Inventory and all Equipment, but excluding all Fixtures); 

(8) all Instruments; 
 (9) all Investment Property; 
 (10) all Letter-of-Credit Rights (whether or not
the letter of credit is evidenced by a writing); 
 (11) all Pledged Securities; 

(12) all Supporting Obligations; 
 (13) all books and records pertaining to the Collateral; 

  
 5 

 (14) to the extent not otherwise included, any other property insofar as it consists of
personal property of any kind or character defined in and subject to the Texas UCC; and 
 (15) to the extent not otherwise
included, all Proceeds and products of any and all of the foregoing and all collateral security, guarantees and other Supporting Obligations given with respect to any of the foregoing. 

Notwithstanding anything to the contrary contained in clauses (1) through (15) above, the Collateral will not include any
Excluded Property. 
 Section 3.02 Transfer of Pledged Securities. All certificates and instruments representing or
evidencing the Pledged Securities shall be delivered to and held pursuant hereto by the Administrative Agent or a Person designated by the Administrative Agent and, in the case of an instrument or certificate in registered form, shall be duly
indorsed to the Administrative Agent or in blank by an effective indorsement (whether on the certificate or instrument or on a separate writing), and accompanied by any required transfer tax stamps to effect the pledge of the Pledged Securities to
the Administrative Agent. Notwithstanding the preceding sentence, all Pledged Securities must be delivered or transferred in such manner, and each Grantor shall take all such further action as may be reasonably requested by the Administrative Agent,
as to permit the Administrative Agent to be a “protected purchaser” to the extent of its security interest as provided in Section 8.303 of the Texas UCC (if the Administrative Agent otherwise qualifies as a protected purchaser).

 Section 3.03 Grantors Remain Liable under Accounts, Chattel Paper and Payment Intangibles. Anything herein to the
contrary notwithstanding, each Grantor shall remain liable under each of the Accounts, Chattel Paper and Payment Intangibles to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance
with the terms of any agreement giving rise to each such Account, Chattel Paper or Payment Intangible. Neither the Administrative Agent nor any other Secured Party shall have any obligation or liability under any Account, Chattel Paper or Payment
Intangible (or any agreement giving rise thereto) by reason of or arising out of this Agreement or the receipt by the Administrative Agent or any such other Secured Party of any payment relating to such Account, Chattel Paper or Payment Intangible,
pursuant hereto, nor shall the Administrative Agent or any other Secured Party be obligated in any manner to perform any of the obligations of any Grantor under or pursuant to any Account, Chattel Paper or Payment Intangible (or any agreement giving
rise thereto), to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency of any performance by any party under any Account, Chattel Paper or Payment Intangible (or any
agreement giving rise thereto), to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times. 

Section 3.04 Pledged Securities. The granting of the foregoing security interest does not make the Administrative Agent or
any Secured Party a successor to Grantor as a partner or member in any Issuer that is a partnership, limited partnership or limited liability company, as applicable, and neither the Administrative Agent, any Secured Party, nor any of their
respective successors or assigns hereunder shall be deemed to have become a partner or member in any Issuer, as applicable, by accepting this Agreement or exercising any right granted herein unless

  
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and until such time, if any, when any such Person expressly becomes a partner or member in any Issuer, as applicable, and complies with any applicable transfer provisions set forth in the charter
or organizational documents relating to an applicable Pledged Security after a foreclosure thereon. 
 ARTICLE IV

 ACKNOWLEDGMENTS, WAIVERS AND CONSENTS 
 Section 4.01 Acknowledgments, Waivers and Consents. 

(a) Each Grantor acknowledges and agrees that the obligations undertaken by it under this Agreement involve the guarantee
and the provision of collateral security for the obligations of Persons other than such Grantor and that such Grantor’s guarantee and provision of collateral security for the Secured Obligations are absolute, irrevocable and unconditional under
any and all circumstances. In full recognition and furtherance of the foregoing, each Grantor understands and agrees, to the fullest extent permitted under applicable law and except as may otherwise be expressly and specifically provided in the Loan
Documents, that each Grantor shall remain obligated hereunder (including, without limitation, with respect to the guarantee made by such Grantor hereby and the collateral security provided by such Grantor herein) and the enforceability and
effectiveness of this Agreement and the liability of such Grantor, and the rights, remedies, powers and privileges of the Administrative Agent and the other Secured Parties under this Agreement and the other Loan Documents shall not be affected,
limited, reduced, discharged or terminated in any way: 
 (i) notwithstanding that, without any reservation of
rights against any Grantor and without notice to or further assent by any Grantor, (A) any demand for payment of any of the Secured Obligations made by the Administrative Agent or any other Secured Party may be rescinded by the Administrative
Agent or such other Secured Party and any of the Secured Obligations continued; (B) the Secured Obligations, the liability of any other Person upon or for any part thereof or any collateral security or guarantee therefor or right of offset with
respect thereto, may, from time to time, in whole or in part, be renewed, extended, amended, modified, accelerated, compromised, waived, surrendered or released by, or any indulgence or forbearance in respect thereof granted by, the Administrative
Agent or any other Secured Party; (C) the Credit Agreement, the other Loan Documents, any Secured Swap Agreement and any other documents executed and delivered in connection therewith may be amended, modified, supplemented or terminated, in
whole or in part, as the Administrative Agent (or the Required Lenders, the Majority Lenders or all Lenders, as the case may be) may deem advisable from time to time; (D) any Grantor or any other Person may from time to time accept or enter
into new or additional agreements, security documents, guarantees or other instruments in addition to, in exchange for or relative to, any Loan Document or Secured Swap Agreement, all or any part of the Secured Obligations or any Collateral now or
in the future serving as security for the Secured Obligations; (E) any collateral security, guarantee or right of offset at any time held by the Administrative Agent or any other Secured Party for the payment of the Secured Obligations may be
sold, exchanged, waived, surrendered or released; and (F) any other event shall occur which constitutes a defense or release of sureties generally; and 

  
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 (ii) without regard to, and each Grantor hereby expressly waives to the
fullest extent permitted by law any defense now or in the future arising by reason of, (A) the illegality, invalidity or unenforceability of the Credit Agreement, any other Loan Document, any Secured Swap Agreement, any of the Secured
Obligations or any other collateral security therefor or guarantee or right of offset with respect thereto at any time or from time to time held by the Administrative Agent or any other Secured Party, (B) any defense, set-off or counterclaim
(other than a defense of payment or performance) which may at any time be available to or be asserted by any Grantor or any other Person against the Administrative Agent or any other Secured Party, (C) the insolvency, bankruptcy arrangement,
reorganization, adjustment, composition, liquidation, disability, dissolution or lack of power of any Grantor or any other Person at any time liable for the payment of all or part of the Secured Obligations or the failure of the Administrative Agent
or any other Secured Party to file or enforce a claim in bankruptcy or other proceeding with respect to any Person; or any sale, lease or transfer of any or all of the assets of the any Grantor, or any changes in the shareholders of any Grantor;
(D) the fact that any Collateral or Lien contemplated or intended to be given, created or granted as security for the repayment of the Secured Obligations shall not be properly perfected or created, or shall prove to be unenforceable or
subordinate to any other Lien, it being recognized and agreed by each of the Grantors that it is not entering into this Agreement in reliance on, or in contemplation of the benefits of, the validity, enforceability, collectability or value of any of
the Collateral for the Secured Obligations; (E) any failure of the Administrative Agent or any other Secured Party to marshal assets in favor of any Grantor or any other Person, to exhaust any collateral for all or any part of the Secured
Obligations, to pursue or exhaust any right, remedy, power or privilege it may have against any Grantor or any other Person or to take any action whatsoever to mitigate or reduce any Grantor’s liability under this Agreement or any other Loan
Document; (F) any law which provides that the obligation of a surety or guarantor must neither be larger in amount nor in other respects more burdensome than that of the principal or which reduces a surety’s or guarantor’s obligation
in proportion to the principal obligation; (G) the possibility that the Secured Obligations may at any time and from time to time exceed the aggregate liability of such Grantor under this Agreement; or (H) any other circumstance or act
whatsoever (with or without notice to or knowledge of any Grantor), which constitutes, or might be construed to constitute, an equitable or legal discharge or defense of the Borrower for the Secured Obligations, or of such Grantor under the
guarantee contained in Article II or with respect to the collateral security provided by such Grantor herein, or which might be available to a surety or guarantor, in bankruptcy or in any other instance. 

(b) Each Grantor hereby waives to the extent permitted by law: (i) except as expressly provided otherwise in any Loan
Document, all notices to such Grantor, or to any other Person, including but not limited to, notices of the acceptance of this Agreement, the guarantee contained in Article II or the provision of collateral security provided herein, or the creation,
renewal, extension, modification, accrual of any Secured Obligations, or notice of or proof of reliance by the Administrative Agent or any other Secured Party upon the guarantee contained in Article II or upon the collateral security provided
herein, or of default in the payment or performance of any of the Secured Obligations owed to the Administrative Agent or any other Secured Party and enforcement of any right or remedy with respect thereto; or notice of any other matters relating
thereto; the Secured Obligations, and any of them, shall conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended or waived, in reliance upon the guarantee contained in Article II and the collateral security
provided herein 

  
 8 

 
and no notice of creation of the Secured Obligations or any extension of credit already or hereafter contracted by or extended to the Borrower need be given to any Grantor; and all dealings
between the Borrower and any of the Grantors, on the one hand, and the Administrative Agent and the other Secured Parties, on the other hand, likewise shall be conclusively presumed to have been had or consummated in reliance upon the guarantee
contained in Article II and on the collateral security provided herein; (ii) diligence and demand of payment, presentment, protest, dishonor and notice of dishonor; (iii) any statute of limitations affecting any Grantor’s liability
hereunder or the enforcement thereof; (iv) all rights of revocation with respect to the Secured Obligations, the guarantee contained in Article II and the provision of collateral security herein; and (v) all principles or provisions of law
which conflict with the terms of this Agreement and which can, as a matter of law, be waived. 
 (c) When making
any demand hereunder or otherwise pursuing its rights and remedies hereunder against any Grantor, the Administrative Agent or any other Secured Party may, but shall be under no obligation to, join or make a similar demand on or otherwise pursue or
exhaust such rights and remedies as it may have against the Borrower, any other Grantor or any other Person or against any collateral security or guarantee for the Secured Obligations or any right of offset with respect thereto, and any failure by
the Administrative Agent or any other Secured Party to make any such demand, to pursue such other rights or remedies or to collect any payments from the Borrower, any other Grantor or any other Person or to realize upon any such collateral security
or guarantee or to exercise any such right of offset, or any release of the Borrower, any Grantor or any other Person or any such collateral security, guarantee or right of offset, shall not relieve any Grantor of any obligation or liability
hereunder, and shall not impair or affect the rights and remedies, whether express, implied or available as a matter of law, of the Administrative Agent or any other Secured Party against any Grantor. For the purposes hereof “demand” shall
include the commencement and continuance of any legal proceedings. Neither the Administrative Agent nor any other Secured Party shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the
Secured Obligations or for the guarantee contained in Article II or any property subject thereto. 
 Section 4.02 No
Subrogation, Contribution or Reimbursement. Notwithstanding any payment made by any Grantor hereunder or any set-off or application of funds of any Grantor by the Administrative Agent or any other Secured Party, no Grantor shall be entitled to
be subrogated to any of the rights of the Administrative Agent or any other Secured Party against the Borrower or any other Grantor or any collateral security or guarantee or right of offset held by the Administrative Agent or any other Secured
Party for the payment of the Secured Obligations, nor shall any Grantor seek or be entitled to seek any indemnity, exoneration, participation, contribution or reimbursement from the Borrower or any other Grantor in respect of payments made by such
Grantor hereunder, and each Grantor hereby expressly agrees not to exercise any all such rights of subrogation, reimbursement, indemnity and contribution until all Secured Obligations then due shall have been paid. The Administrative Agent, for the
benefit of the Secured Parties, may use, sell or dispose of any item of Collateral or security as it sees fit without regard to any subrogation rights any Grantor may have, and upon any disposition or sale, any rights of subrogation any Grantor may
have shall terminate. 

  
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 ARTICLE V 
 REPRESENTATIONS AND WARRANTIES 
 To induce the Administrative Agent and the
other Secured Parties to enter into the Credit Agreement and to induce the Lenders to make their respective extensions of credit to the Borrower thereunder and to induce the Lenders and Affiliates of the Lenders to enter into Secured Swap
Agreements, each Grantor hereby represents and warrants to the Administrative Agent and each other Secured Party that: 

Section 5.01 Representations in Credit Agreement. In the case of each Guarantor, the representations and warranties set forth
in Article VII of the Credit Agreement as they relate to such Guarantor (in its capacity as a Subsidiary of the Borrower) or to the Loan Documents to which such Guarantor is a party are true and correct in all material respects, provided that each
reference in each such representation and warranty to the Borrower’s knowledge shall, for the purposes of this Section 5.01, be deemed to be a reference to such Guarantor’s knowledge. 

Section 5.02 Benefit to the Guarantor. The Borrower is a member of an affiliated group of companies that includes each
Guarantor, and the Borrower and the Guarantors are engaged in related businesses. Each Guarantor is a Subsidiary of the Borrower and its guaranty and surety obligations pursuant to this Agreement reasonably may be expected to benefit, directly or
indirectly, it; and it has determined that this Agreement is necessary and convenient to the conduct, promotion and attainment of the business of such Guarantor and the Borrower. 

Section 5.03 Perfected First Priority Liens. The security interests granted pursuant to this Agreement (a) upon
completion of the filings and other actions specified on Schedule 3 (which, in the case of all filings and other documents referred to on said Schedule, have been delivered to the Administrative Agent in completed and duly executed form) will
constitute valid perfected security interests in favor of the Administrative Agent in all of the Collateral in which a security interest may be perfected by filing under the Uniform Commercial Code or by possession, for the ratable benefit of the
Secured Parties, as collateral security for such Grantor’s obligations, enforceable in accordance with the terms hereof against all creditors of such Grantor and any Persons purporting to purchase any Collateral from such Grantor and
(b) are prior to all other Liens on the Collateral in existence on the date hereof except for Excepted Liens which have priority by operation of law. 
 Section 5.04 Prior Names, Addresses, Locations of Tangible Assets. Schedule 4 correctly sets forth (a) all names that such Grantor has used in the last five years and (b) the chief
executive office of such Grantor over the last five years. 
 Section 5.05 Pledged Securities. The shares (or such
other interests) of Pledged Securities pledged by such Grantor hereunder constitute all the issued and outstanding shares (or such other interests) of all classes of the capital stock or other equity interests of each Issuer owned by such Grantor.
All the shares (or such other interests) of the Pledged Securities have been duly and validly issued and are fully paid and nonassessable; and such Grantor is the record and beneficial owner of, and has good title to, the Pledged Securities pledged
by it hereunder, free of any and all Liens except Excepted Liens or options in favor of, or claims of, any other Person, except the security interest created by this Agreement. 

  
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 Section 5.06 Instruments and Chattel Paper. Such Grantor has delivered to the
Administrative Agent all Collateral constituting Instruments and Chattel Paper having a value in excess of $500,000. No Collateral constituting Chattel Paper or Instruments contains any statement therein to the effect that such Collateral has been
assigned to an identified party other than the Administrative Agent, and the grant of a security interest in such Collateral in favor of the Administrative Agent hereunder does not violate the rights of any other Person as a secured party.

 ARTICLE VI 
 COVENANTS 
 Each Grantor covenants and agrees with the Administrative Agent
and the other Secured Parties that, from and after the date of this Agreement until the Secured Obligations (other than amounts in respect of indemnification, expense, reimbursement, yield protection or tax gross-up for which no claim has been made)
shall have been paid in full, no Letter of Credit shall be outstanding (unless cash collateralized or backstopped) and the Commitments shall have terminated: 
 Section 6.01 Covenants in Credit Agreement. In the case of each Guarantor, such Guarantor shall take, or shall refrain from taking, as the case may be, each action that is necessary to be
taken or not taken, as the case may be, so that no Default or Event of Default is caused by the failure to take such action or to refrain from taking such action by such Guarantor or any of its Subsidiaries. 

Section 6.02 Maintenance of Perfected Security Interest; Further Documentation. 

(a) Such Grantor shall maintain the security interest created by this Agreement as a perfected security interest having at
least the priority described in Section 5.03 and shall defend such security interest against the claims and demands of all Persons whomsoever except for Liens permitted by Section 9.03 of the Credit Agreement. 

(b) At any time and from time to time, upon the reasonable request of the Administrative Agent or any other Secured Party,
and at the sole expense of such Grantor, such Grantor will promptly and duly give, execute, deliver, indorse, file or record any and all financing statements, continuation statements, amendments, notices (including, without limitation, notifications
to financial institutions and any other Person), contracts, agreements, assignments, certificates, stock powers or other instruments, obtain any and all governmental approvals and consents and take or cause to be taken any and all steps or acts that
may be necessary or advisable or as the Administrative Agent may reasonably request to create, perfect, establish the priority of, or to preserve the validity, perfection or priority of, the Liens granted by this Agreement or to enable the
Administrative Agent or any other Secured Party to enforce its rights, remedies, powers and privileges under this Agreement with respect to such Liens or to otherwise obtain or preserve the full benefits of this Agreement and the rights, powers and
privileges herein granted. 
 (c) Notwithstanding the foregoing, no Grantor shall be required to perfect the
security interest of the Secured Creditors in any Deposit Accounts, Securities Accounts, Commodities Accounts unless (i) an Event of Default exists and (ii) the Administrative Agent has notified the Borrower that it elects to have its
security interest in such assets perfected. 

  
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 Section 6.03 Pledged Securities. 

(a) If such Grantor shall become entitled to receive or shall receive any stock certificate or other instrument
(including, without limitation, any certificate or instrument representing a dividend or a distribution in connection with any reclassification, increase or reduction of capital or any certificate or instrument issued in connection with any
reorganization), option or rights in respect of the capital stock or other equity interests of any Issuer, whether in addition to, in substitution of, as a conversion of, or in exchange for, any shares (or such other interests) of the Pledged
Securities, or otherwise in respect thereof, such Grantor shall accept the same as the agent of the Administrative Agent and the other Secured Parties, hold the same in trust for the Administrative Agent and the other Secured Parties and deliver the
same forthwith to the Administrative Agent in the exact form received, duly indorsed by such Grantor to the Administrative Agent, if required, together with an undated stock power or other equivalent instrument of transfer acceptable to the
Administrative Agent covering such certificate or instrument duly executed in blank by such Grantor and with, if the Administrative Agent so requests, signature guaranteed, to be held by the Administrative Agent, subject to the terms hereof, as
additional collateral security for the Secured Obligations. 
 (b) Without the prior written consent of the
Administrative Agent, such Grantor will not (i) unless otherwise permitted hereby, vote to enable, or take any other action to permit, any Issuer to issue any stock or other equity interests of any nature or to issue any other securities or
interests convertible into or granting the right to purchase or exchange for any stock or other equity interests of any nature of any Issuer, (ii) sell, assign, transfer, exchange or otherwise dispose of, or grant any option with respect to,
the Pledged Securities or Proceeds thereof (except pursuant to a transaction permitted by the Credit Agreement), (iii) except for Liens permitted by Section 9.03 of the Credit Agreement, create, incur or permit to exist any Lien or option
in favor of, or any claim of any Person with respect to, any of the Pledged Securities or Proceeds thereof, or any interest therein, except for the security interests created by this Agreement or (iv) except as permitted by the Credit Agreement
enter into any agreement or undertaking restricting the right or ability of such Grantor or the Administrative Agent to sell, assign or transfer any of the Pledged Securities or Proceeds thereof. 

(c) In the case of each Grantor which is an Issuer, such Issuer agrees that (i) it will be bound by the terms of this
Agreement relating to the Pledged Securities issued by it and will comply with such terms insofar as such terms are applicable to it, (ii) it will notify the Administrative Agent promptly in writing of the occurrence of any of the events
described in Section 6.03(a) with respect to the Pledged Securities issued by it and (iii) the terms of Section 7.01(c) and Section 7.05 shall apply to it, mutatis mutandis, with respect to all actions that may be required
of it pursuant to Section 7.01(c) or Section 7.05 with respect to the Pledged Securities issued by it. 

(d) Such Grantor shall furnish to the Administrative Agent such stock powers and other equivalent instruments of transfer
as may be required by the Administrative Agent to assure the transferability of and the perfection of the security interest in the Pledged Securities when and as often as may be reasonably requested by the Administrative Agent. 

  
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 (e) The Pledged Securities will at all times constitute not less than 100%
of the capital stock or other equity interests of the Issuer thereof owned by any Grantor. Each Grantor will not permit any Issuer of any of the Pledged Securities to issue any new shares (or other interests) of any class of capital stock or other
equity interests of such Issuer without the prior written consent of the Administrative Agent unless immediately upon issuance the same are pledged and, if applicable, delivered to Administrative Agent pursuant to the terms hereof to the extent
necessary to give Administrative Agent a first priority security interest after such issue in at least the same percentage of such Issuer’s outstanding shares or other interests as Grantor had before such issue. 

Section 6.04 Commercial Tort Claims. If such Grantor shall at any time hold or acquire a Commercial Tort Claim that satisfies
the requirements of the following sentence, such Grantor shall, within thirty (30) days after such Commercial Tort Claim satisfies such requirements, notify the Administrative Agent and the other Secured Parties in a writing signed by such
Grantor containing a brief description thereof, and granting to the Administrative Agent in such writing (for the benefit of the Secured Parties) a security interest therein and in the Proceeds thereof, all upon the terms of this Agreement, with
such writing to be in form and substance reasonably satisfactory to the Administrative Agent and the other Secured Parties. The provisions of the preceding sentence shall apply only to a Commercial Tort Claim that satisfies the following
requirements: (a) the monetary value claimed by or payable to the relevant Grantor in connection with such Commercial Tort Claim shall exceed $1,000,000, and either (b) (i) such Grantor shall have filed a law suit or counterclaim or
otherwise commenced legal proceedings (including, without limitation, arbitration proceedings) against the Person against whom such Commercial Tort Claim is made, or (ii) such Grantor and the Person against whom such Commercial Tort Claim is
asserted shall have entered into a settlement agreement with respect to such Commercial Tort Claim. In addition, to the extent that the existence of any Commercial Tort Claim held or acquired by any Grantor is disclosed by such Grantor in any public
filing with the Securities Exchange Commission or any successor thereto or analogous Governmental Authority, or to the extent that the existence of any such Commercial Tort Claim is disclosed in any press release issued by any Grantor, then, upon
the request of the Administrative Agent, the relevant Grantor shall, within thirty (30) days after such request is made, transmit to the Administrative Agent and the other Secured Parties a writing signed by such Grantor containing a brief
description of such Commercial Tort Claim and granting to the Administrative Agent in such writing (for the benefit of the Secured Parties) a security interest therein and in the Proceeds thereof, all upon the terms of this Agreement, with such
writing to be in form and substance reasonably satisfactory to the Administrative Agent and the other Secured Parties. 

  
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 ARTICLE VII 
 REMEDIAL PROVISIONS 
 Section 7.01 Pledged Securities.

 (a) Unless an Event of Default shall have occurred and be continuing and the Administrative Agent shall have
given notice to the relevant Grantor of the Administrative Agent’s intent to exercise its corresponding rights pursuant to Section 7.01(b), each Grantor shall be permitted to receive all dividends paid in respect of the Pledged Securities,
to the extent permitted in the Credit Agreement, and to exercise all voting and corporate rights with respect to the Pledged Securities. 
 (b) Upon (i) the occurrence and during the continuance of an Event of Default and (ii) delivery of written notice by the Administrative Agent to the Borrower, with a copy to the issuer of Equity
Interests owned by any Grantor, directing the Grantors to refrain from voting those Equity Interests, (i) the Administrative Agent shall have the right to receive any and all cash dividends, payments or other Proceeds paid in respect of the
Pledged Securities and make application thereof to the Secured Obligations in accordance with Section 10.02 of the Credit Agreement, and (ii) any or all of the Pledged Securities shall be registered in the name of the Administrative Agent
or its nominee, and the Administrative Agent or its nominee may thereafter exercise (A) all voting, corporate and other rights pertaining to such Pledged Securities at any meeting of shareholders (or other equivalent body) of the relevant
Issuer or Issuers or otherwise and (B) any and all rights of conversion, exchange and subscription and any other rights, privileges or options pertaining to such Pledged Securities as if it were the absolute owner thereof (including, without
limitation, the right to exchange at its discretion any and all of the Pledged Securities upon the merger, consolidation, reorganization, recapitalization or other fundamental change in the organizational structure of any Issuer, or upon the
exercise by any Grantor or the Administrative Agent of any right, privilege or option pertaining to such Pledged Securities, and in connection therewith, the right to deposit and deliver any and all of the Pledged Securities with any committee,
depositary, transfer agent, registrar or other designated agency upon such terms and conditions as the Administrative Agent may determine), all without liability except to account for property actually received by it, but the Administrative Agent
shall have no duty to any Grantor to exercise any such right, privilege or option and shall not be responsible for any failure to do so or delay in so doing. 
 (c) Each Grantor hereby authorizes and instructs each Issuer of any Pledged Securities pledged by such Grantor hereunder (and each Issuer party hereto hereby agrees) to (i) comply with any
instruction received by it from the Administrative Agent in writing that (A) states that an Event of Default has occurred and is continuing and (B) is otherwise in accordance with the terms of this Agreement, without any other or further
instructions from such Grantor, and each Grantor agrees that each Issuer shall be fully protected in so complying, and (ii) unless otherwise expressly permitted hereby, pay any dividends or other payments with respect to the Pledged Securities
directly to the Administrative Agent. 
 (d) After the occurrence and during the continuation of an Event of
Default, if the Issuer of any Pledged Securities is the subject of bankruptcy, insolvency, receivership, custodianship or other proceedings under the supervision of any Governmental Authority, then all rights of the Grantor in respect thereof to
exercise the voting and other consensual rights which such Grantor would otherwise be entitled to exercise with respect to the Pledged Securities issued by such Issuer shall cease, and all such rights shall thereupon become vested in the
Administrative Agent who shall thereupon have the sole right to exercise such voting and other consensual rights, but the Administrative Agent shall have no duty to exercise any such voting or other consensual rights and shall not be responsible for
any failure to do so or delay in so doing. 

  
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 Section 7.02 Collections on Accounts, Etc. The Administrative Agent hereby
authorizes each Grantor to collect upon the Accounts, Instruments, Chattel Paper and Payment Intangibles, and the Administrative Agent may curtail or terminate said authority at any time after the occurrence and during the continuance of an Event of
Default. Upon the request of the Administrative Agent at any time after the occurrence and during the continuance of an Event of Default, each Grantor shall notify the Account Debtors that the applicable Accounts, Chattel Paper and Payment
Intangibles have been assigned to the Administrative Agent for the ratable benefit of the Secured Parties and that payments in respect thereof shall be made directly to the Administrative Agent. During the existence of an Event of Default, the
Administrative Agent may in its own name or in the name of others communicate with the Account Debtors to verify with them to its satisfaction the existence, amount and terms of any Accounts, Chattel Paper or Payment Intangibles. 

Section 7.03 Proceeds. If required by the Administrative Agent at any time after the occurrence and during the continuance of
an Event of Default, any payments of Accounts, Instruments, Chattel Paper and Payment Intangibles, when collected or received by each Grantor, and any other cash or non-cash Proceeds received by each Grantor upon the sale or other disposition of any
Collateral, shall be forthwith (and, in any event, within two Business Days) deposited by such Grantor in the exact form received, duly indorsed by such Grantor to the Administrative Agent if required, in a special collateral account maintained by
the Administrative Agent, subject to withdrawal by the Administrative Agent for the ratable benefit of the Secured Parties only, as hereinafter provided, and, until so turned over, shall be held by such Grantor in trust for the Administrative Agent
for the ratable benefit of the Secured Parties, segregated from other funds of any such Grantor. Each deposit of any such Proceeds shall be accompanied by a report identifying in reasonable detail the nature and source of the payments included in
the deposit. All Proceeds (including, without limitation, Proceeds constituting collections of Accounts, Chattel Paper, Instruments) while held by the Administrative Agent (or by any Grantor in trust for the Administrative Agent for the ratable
benefit of the Secured Parties) shall continue to be collateral security for all of the Secured Obligations and shall not constitute payment thereof until applied as hereinafter provided. At such intervals as may be agreed upon by each Grantor and
the Administrative Agent, or, if an Event of Default shall have occurred and be continuing, at any time at the Administrative Agent’s election, the Administrative Agent shall apply all or any part of the funds on deposit in said special
collateral account on account of the Secured Obligations in such order as the Administrative Agent may elect, and any part of such funds which the Administrative Agent elects not so to apply and deems not required as collateral security for the
Secured Obligations shall be paid over from time to time by the Administrative Agent to each Grantor or to whomsoever may be lawfully entitled to receive the same. 

  
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 Section 7.04 Texas UCC and Other Remedies. 

(a) If an Event of Default shall occur and be continuing, the Administrative Agent, on behalf of the Secured Parties, may
exercise in its discretion, in addition to all other rights, remedies, powers and privileges granted to them in this Agreement, the other Loan Documents, any Secured Swap Agreement and in any other instrument or agreement securing, evidencing or
relating to the Secured Obligations, all rights, remedies, powers and privileges of a secured party under the Texas UCC (whether the Texas UCC is in effect in the jurisdiction where such rights, remedies, powers or privileges are asserted) or any
other applicable law or otherwise available at law or equity. Without limiting the generality of the foregoing, the Administrative Agent, without demand of performance or other demand, presentment, protest, advertisement or notice of any kind
(except any notice required by law) to or upon any Grantor or any other Person (all and each of which demands, defenses, advertisements and notices are hereby waived), may in such circumstances forthwith collect, receive, appropriate and realize
upon the Collateral, or any part thereof, and/or may forthwith sell, lease, assign, give option or options to purchase, or otherwise dispose of and deliver the Collateral or any part thereof (or contract to do any of the foregoing), in one or more
parcels at public or private sale or sales, at any exchange, broker’s board or office of the Administrative Agent or any other Secured Party or elsewhere upon such terms and conditions as it may deem advisable and at such prices as it may deem
best, for cash or on credit or for future delivery without assumption of any credit risk. The Administrative Agent or any other Secured Party shall have the right upon any such public sale or sales, and, to the extent permitted by law, upon any such
private sale or sales, to purchase the whole or any part of the Collateral so sold, free of any right or equity of redemption in any Grantor, which right or equity is hereby waived and released. If an Event of Default shall occur and be continuing,
each Grantor further agrees, at the Administrative Agent’s request, to assemble the Collateral and make it available to the Administrative Agent at places which the Administrative Agent shall reasonably select, whether at such Grantor’s
premises or elsewhere. Any such sale or transfer by the Administrative Agent either to itself or to any other Person shall be absolutely free from any claim of right by Grantor, including any equity or right of redemption, stay or appraisal which
Grantor has or may have under any rule of law, regulation or statute now existing or hereafter adopted. Upon any such sale or transfer, the Administrative Agent shall have the right to deliver, assign and transfer to the purchaser or transferee
thereof the Collateral so sold or transferred. The Administrative Agent shall apply the net proceeds of any action taken by it pursuant to this Section 7.04, after deducting all reasonable costs and expenses of every kind incurred in connection
therewith or incidental to the care or safekeeping of any of the Collateral or in any way relating to the Collateral or the rights of the Administrative Agent and the other Secured Parties hereunder, including, without limitation, reasonable
attorneys’ fees and disbursements, to the payment in whole or in part of the Secured Obligations, in accordance with Section 10.02 of the Credit Agreement, and only after such application and after the payment by the Administrative Agent
of any other amount required by any provision of law, including, without limitation, Section 9.615 of the Texas UCC, need the Administrative Agent account for the surplus, if any, to any Grantor. To the extent permitted by applicable law, each
Grantor waives all claims, damages and demands it may acquire against the Administrative Agent or any other Secured Party arising out of the exercise by them of any rights hereunder. If any notice of a proposed sale or other disposition of
Collateral shall be required by law, such notice shall be deemed reasonable and proper if given at least 10 days before such sale or other disposition. 
 (b) In the event that the Administrative Agent elects not to sell the Collateral, the Administrative Agent retains its rights to dispose of or utilize the Collateral or any part or parts thereof in any
manner authorized or permitted by law or in equity, and to apply the proceeds of the same towards payment of the Secured Obligations. Each and every method of disposition of the Collateral described in this Agreement shall constitute disposition in
a commercially reasonable manner. The Administrative Agent may appoint any Person as agent to perform any act or acts necessary or incident to any sale or transfer of the Collateral. 

  
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 Section 7.05 Private Sales of Pledged Securities. Each Grantor recognizes that
the Administrative Agent may be unable to effect a public sale of any or all the Pledged Securities, by reason of certain prohibitions contained in the Securities Act and applicable state securities laws or otherwise, and may be compelled to resort
to one or more private sales thereof to a restricted group of purchasers which will be obliged to agree, among other things, to acquire such securities for their own account for investment and not with a view to the distribution or resale thereof.
Each Grantor acknowledges and agrees that any such private sale may result in prices and other terms less favorable than if such sale were a public sale and, notwithstanding such circumstances, agrees that any such private sale shall be deemed to
have been made in a commercially reasonable manner. The Administrative Agent shall be under no obligation to delay a sale of any of the Pledged Securities for the period of time necessary to permit the Issuer thereof to register such securities for
public sale under the Securities Act, or under applicable state securities laws, even if such Issuer would agree to do so. Each Grantor agrees to use its commercially reasonable efforts to do or cause to be done all such other acts as may reasonably
be necessary to make such sale or sales of all or any portion of the Pledged Securities pursuant to this Section 7.05 valid and binding and in compliance with any and all other applicable Governmental Requirements, but no Grantor will be
required to register any of the Pledged Securities under the Securities Act. 
 Section 7.06 Waiver; Deficiency. To
the extent permitted by applicable law, each Grantor waives and agrees not to assert any rights or privileges which it may acquire under the Texas UCC or any other applicable law. Each Grantor shall remain liable for any deficiency if the proceeds
of any sale or other disposition of the Collateral are insufficient to pay its Secured Obligations and the documented fees and disbursements of any attorneys employed by the Administrative Agent or any other Secured Party to collect such deficiency.

 Section 7.07 Non-Judicial Enforcement. The Administrative Agent may enforce its rights hereunder without prior
judicial process or judicial hearing, and to the extent permitted by law, each Grantor expressly waives any and all legal rights which might otherwise require the Administrative Agent to enforce its rights by judicial process. 

ARTICLE VIII 
 THE ADMINISTRATIVE AGENT 
 Section 8.01 Administrative Agent’s
Appointment as Attorney-in-Fact, Etc. 
 (a) Each Grantor hereby irrevocably constitutes and appoints the
Administrative Agent and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of such Grantor and in the name of such Grantor or in
its own name, for the purpose of carrying out the terms of this Agreement, to take any and all reasonably appropriate action and to execute any and all documents and instruments which may be reasonably necessary or desirable to accomplish the
purposes of this Agreement, and, without limiting the generality of the foregoing, each Grantor hereby gives the Administrative Agent the power and right, on behalf of such Grantor, without notice to or assent by such Grantor, to do any or all of
the following: 
 (i) unless being disputed under Section 9.03(a) of the Credit Agreement, pay or discharge
taxes and Liens levied or placed on or threatened against the Collateral, effect any repairs or any insurance called for by the terms of this Agreement and pay all or any part of the premiums therefor and the costs thereof; 

  
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 (ii) execute, in connection with any sale provided for in Section 7.04
or Section 7.05, any endorsements, assignments or other instruments of conveyance or transfer with respect to the Collateral; and 
 (iii) (A) direct any party liable for any payment under any of the Collateral to make payment of any and all moneys due or to become due thereunder directly to the Administrative Agent or as the
Administrative Agent shall direct; (B) take possession of and indorse and collect any checks, drafts, notes, acceptances or other instruments for the payment of moneys due under any Account, Instrument, General Intangible, Chattel Paper or
Payment Intangible or with respect to any other Collateral, and to file any claim or to take any other action or proceeding in any court of law or equity or otherwise deemed appropriate by the Administrative Agent for the purpose of collecting any
and all such moneys due under any Account, Instrument or General Intangible or with respect to any other Collateral whenever payable; (C) ask or demand for, collect, and receive payment of and receipt for, any and all moneys, claims and other
amounts due or to become due at any time in respect of or arising out of any Collateral; (D) sign and indorse any invoices, freight or express bills, bills of lading, storage or warehouse receipts, drafts against debtors, assignments,
verifications, notices and other documents in connection with any of the Collateral; (E) receive, change the address for delivery, open and dispose of mail addressed to any Grantor, and to execute, assign and indorse negotiable and other
instruments for the payment of money, documents of title or other evidences of payment, shipment or storage for any form of Collateral on behalf of and in the name of any Grantor; (F) commence and prosecute any suits, actions or proceedings at
law or in equity in any court of competent jurisdiction to collect the Collateral or any portion thereof and to enforce any other right in respect of any Collateral; (G) defend any suit, action or proceeding brought against such Grantor with
respect to any Collateral; (H) settle, compromise or adjust any such suit, action or proceeding and, in connection therewith, give such discharges or releases as the Administrative Agent may deem appropriate; and (I) generally, sell,
transfer, pledge and make any agreement with respect to or otherwise deal with any of the Collateral as fully and completely as though the Administrative Agent were the absolute owner thereof for all purposes, and do, at the Administrative
Agent’s option and such Grantor’s expense, at any time, or from time to time, all acts and things which the Administrative Agent deems necessary to protect, preserve or realize upon the Collateral and the Administrative Agent’s and
the other Secured Parties’ security interests therein and to effect the intent of this Agreement, all as fully and effectively as such Grantor might do. 
 Anything in this Section 8.01(a) to the contrary notwithstanding, the Administrative Agent agrees that it will not exercise any rights under the power of attorney provided for in this
Section 8.01(a) unless an Event of Default shall have occurred and be continuing. 

  
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 (b) If any Grantor fails to perform or comply with any of its agreements
contained herein within the applicable grace periods, the Administrative Agent, at its option, but without any obligation so to do, may perform or comply, or otherwise cause performance or compliance, with such agreement. 

(c) The expenses of the Administrative Agent incurred in connection with actions undertaken as provided in this
Section 8.01, together with interest thereon at the Post-Default Rate from the date of payment by the Administrative Agent to the date reimbursed by the relevant Grantor, shall be payable by such Grantor to the Administrative Agent on demand.

 (d) Each Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue and
in compliance hereof. All powers, authorizations and agencies contained in this Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and the security interests created hereby are released. 

Section 8.02 Duty of Administrative Agent. The Administrative Agent’s sole duty with respect to the custody, safekeeping
and physical preservation of the Collateral in its possession, under Section 9.207 of the Texas UCC or otherwise, shall be to deal with it in the same manner as the Administrative Agent deals with similar property for its own account and shall
be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which comparable secured parties accord comparable collateral.
Neither the Administrative Agent, any other Secured Party nor any of their respective officers, directors, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall
be under any obligation to sell or otherwise dispose of any Collateral upon the request of any Grantor or any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof. The powers conferred on the
Administrative Agent and the other Secured Parties hereunder are solely to protect the Administrative Agent’s and the other Secured Parties’ interests in the Collateral and shall not impose any duty upon the Administrative Agent or any
other Secured Party to exercise any such powers. The Administrative Agent and the other Secured Parties shall be accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their
officers, directors, employees or agents (collectively, the “Indemnitees”) shall be responsible to any Grantor for any act or failure to act hereunder, NOTWITHSTANDING THE SOLE OR CONCURRENT NEGLIGENCE OF EVERY KIND OR CHARACTER
WHATSOEVER, WHETHER ACTIVE OR PASSIVE, WHETHER AN AFFIRMATIVE ACT OR AN OMISSION, INCLUDING WITHOUT LIMITATION, ALL TYPES OF NEGLIGENT CONDUCT IDENTIFIED IN THE RESTATEMENT (SECOND) OF TORTS OF ONE OR MORE OF THE INDEMNITEES OR BY REASON OF STRICT
LIABILITY IMPOSED WITHOUT FAULT ON ANY ONE OR MORE OF THE INDEMNITEES; PROVIDED THAT SUCH EXCULPATION SHALL NOT, AS TO ANY INDEMNITEE, BE AVAILABLE TO THE EXTENT THAT SUCH LOSSES, CLAIMS, DAMAGES, LIABILITIES OR RELATED EXPENSES RESULT FROM THE
GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH INDEMNITEE. To the fullest extent permitted by applicable law, the Administrative Agent shall be under no duty whatsoever to make or give any presentment, notice of dishonor, protest, demand for
performance, notice of non-performance, notice of intent to accelerate, notice of acceleration, or other notice or demand in connection with any Collateral or the Secured 

  
 19 

 
Obligations, or to take any steps necessary to preserve any rights against any Grantor or other Person or ascertaining or taking action with respect to calls, conversions, exchanges, maturities,
tenders or other matters relative to any Collateral, whether or not it has or is deemed to have knowledge of such matters. Each Grantor, to the extent permitted by applicable law, waives any right of marshaling in respect of any and all Collateral,
and waives any right to require the Administrative Agent or any other Secured Party to proceed against any Grantor or other Person, exhaust any Collateral or enforce any other remedy which the Administrative Agent or any other Secured Party now has
or may hereafter have against each Guarantor, any Grantor or other Person. 
 Section 8.03 Execution of Financing
Statements. Pursuant to the Texas UCC and any other applicable law, each Grantor authorizes the Administrative Agent, its counsel or its representative, at any time and from time to time, to file or record financing statements, continuation
statements, amendments thereto and other filing or recording documents or instruments with respect to the Collateral without the signature of such Grantor in such form and in such offices as the Administrative Agent reasonably determines appropriate
to perfect the security interests of the Administrative Agent under this Agreement. Additionally, each Grantor authorizes the Administrative Agent, its counsel or its representative, at any time and from time to time, to file or record such
financing statements that describe the collateral covered thereby as “all assets of the Grantor”, “all personal property of the Grantor” or words of similar effect. A photographic or other reproduction of this Agreement shall be
sufficient as a financing statement or other filing or recording document or instrument for filing or recording in any jurisdiction. 
 Section 8.04 Authority of Administrative Agent. Each Grantor acknowledges that the rights and responsibilities of the Administrative Agent under this Agreement with respect to any action taken
by the Administrative Agent or the exercise or non-exercise by the Administrative Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the
Administrative Agent and the other Secured Parties, be governed by the Credit Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between the Administrative Agent and the Grantors, the
Administrative Agent shall be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation, or entitlement, to make any inquiry
respecting such authority. 
 ARTICLE IX 
 SUBORDINATION OF INDEBTEDNESS 
 Section 9.01 Subordination of All
Guarantor Claims. As used herein, the term “Guarantor Claims” means all debts and obligations of the Borrower or any other Grantor to any Grantor (other than the Borrower), whether such debts and obligations now exist or are hereafter
incurred or arise, or whether the obligation of the debtor thereon be direct, contingent, primary, secondary, several, joint and several, or otherwise, and irrespective of whether such debts or obligations be evidenced by note, contract, open
account, or otherwise, and irrespective of the Person or Persons in whose favor such debts or obligations may, at their inception, have been, or may hereafter be created, or the manner in which they have been or may hereafter be acquired by. After
and during the continuation of an Event of Default, no Grantor shall receive or collect, directly or indirectly, from any obligor in respect thereof any amount upon the Guarantor Claims. 

  
 20 

 Section 9.02 Claims in Bankruptcy. In the event of receivership, bankruptcy,
reorganization, arrangement, debtor’s relief or other insolvency proceedings involving any Grantor, the Administrative Agent on behalf of the Secured Parties shall have the right to prove their claim in any proceeding, so as to establish their
rights hereunder and receive directly from the receiver, trustee or other court custodian, dividends and payments which would otherwise be payable upon Guarantor Claims. Should any Agent or Secured Party receive, for application upon the Secured
Obligations, any such dividend or payment which is otherwise payable to any Grantor, and which, as between such Grantor, shall constitute a credit upon the Guarantor Claims, then upon payment in full of the Secured Obligations then due, the intended
recipient shall become subrogated to the rights of the Administrative Agent and the other Secured Parties to the extent that such payments to the Administrative Agent and the other Secured Parties on the Guarantor Claims have contributed toward the
liquidation of the Secured Obligations, and such subrogation shall be with respect to that proportion of the Secured Obligations which would have been unpaid if the Administrative Agent and the other Secured Parties had not received dividends or
payments upon the Guarantor Claims. 
 Section 9.03 Payments Held in Trust. In the event that notwithstanding
Section 9.01 and Section 9.02, any Grantor should receive any funds, payments, claims or distributions which is prohibited by such Sections, then it agrees: (a) to hold in trust for the Administrative Agent and the other Secured
Parties an amount equal to the amount of all funds, payments, claims or distributions so received, and (b) that it shall have absolutely no dominion over the amount of such funds, payments, claims or distributions except to pay them promptly to
the Administrative Agent, for the benefit of the Secured Parties; and each Grantor covenants promptly to pay the same to the Administrative Agent. 
 Section 9.04 Liens Subordinate. Each Grantor agrees that, until the Secured Obligations then due are paid in full and the Commitments terminated, any Liens securing payment of the Guarantor
Claims shall be and remain inferior and subordinate to any Liens securing payment of the Secured Obligations, regardless of whether such encumbrances in favor of such Grantor, the Administrative Agent or any other Secured Party presently exist or
are hereafter created or attach. Without the prior written consent of the Administrative Agent, no Grantor, during the period in which any of the Secured Obligations (other than amounts in respect of indemnification, expense reimbursement, yield
protection or tax gross-up for which no claim has been made) are outstanding or the Commitments are in effect, shall (a) exercise or enforce any creditor’s right it may have against any debtor in respect of the Guarantor Claims, or
(b) foreclose, repossess, sequester or otherwise take steps or institute any action or proceeding (judicial or otherwise, including without limitation the commencement of or joinder in any liquidation, bankruptcy, rearrangement, debtor’s
relief or insolvency proceeding) to enforce any Lien held by it. 
 Section 9.05 Notation of Records. Upon the
request of the Administrative Agent, all promissory notes and all accounts receivable ledgers or other evidence of the Guarantor Claims accepted by or held by any Grantor shall contain a specific written notice thereon that the indebtedness
evidenced thereby is subordinated under the terms of this Agreement. 

  
 21 

 ARTICLE X 
 MISCELLANEOUS 
 Section 10.01 Waiver. No failure on the part of
the Administrative Agent or any other Secured Party to exercise and no delay in exercising, and no course of dealing with respect to, any right, remedy, power or privilege under any of the Loan Documents shall operate as a waiver thereof, nor shall
any single or partial exercise of any right, power or privilege under any of the Loan Documents preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and
privileges provided herein are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. The exercise by the Administrative Agent of any one or more of the rights, powers and remedies herein shall not be construed
as a waiver of any other rights, powers and remedies, including, without limitation, any rights of set-off. 

Section 10.02 Notices. All notices and other communications provided for herein shall be given in the manner and subject to
the terms of Section 12.01 of the Credit Agreement; provided that any such notice, request or demand to or upon any Guarantor shall be addressed to such Guarantor at its notice address set forth on Schedule 1. 

Section 10.03 Amendments in Writing. None of the terms or provisions of this Agreement may be waived, amended, supplemented
or otherwise modified except in accordance with Section 12.04 of the Credit Agreement. 
 Section 10.04 Successors
and Assigns. This Agreement shall be binding upon the successors and assigns of each Grantor and shall inure to the benefit of the Administrative Agent and the other Secured Parties and their successors and assigns; provided that except as set
forth in Section 9.12 of the Credit Agreement, no Grantor may assign, transfer or delegate any of its rights or obligations under this Agreement without the prior written consent of the Administrative Agent and the Lenders. 

Section 10.05 Invalidity. In the event that any one or more of the provisions contained in this Agreement or in any of the
Loan Documents to which a Grantor is a party shall, for any reason, be held invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement or such other Loan
Document. 
 Section 10.06 Counterparts. This Agreement may be executed in any number of counterparts, all of which
taken together shall constitute one and the same instrument and any of the parties hereto may execute this Agreement by signing any such counterpart. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other
electronic means (such as a PDF) shall be effective as delivery of a manually executed counterpart of this Agreement. 

Section 10.07 Survival. To the extent that any payments on the Secured Obligations or proceeds of any Collateral are
subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, debtor in possession, receiver or other Person under any bankruptcy law, common law or equitable cause, then to such extent, the
Secured 

  
 22 

 
Obligations so satisfied shall be revived and continue as if such payment or proceeds had not been received and the Administrative Agent’s and the other Secured Parties’ Liens, security
interests, rights, powers and remedies under this Agreement and each Security Instrument shall continue in full force and effect. In such event, each Security Instrument shall be automatically reinstated and each Grantor shall take such action as
may be reasonably requested by the Administrative Agent and the other Secured Parties to effect such reinstatement. 

Section 10.08 Captions. Captions and section headings appearing herein are included solely for convenience of reference and
are not intended to affect the interpretation of any provision of this Agreement. 
 Section 10.09 No Oral
Agreements. The Loan Documents (other than the Letters of Credit) embody the entire agreement and understanding between the parties and supersede all other agreements and understandings between such parties relating to the subject matter hereof
and thereof. THE LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE
PARTIES. 
 Section 10.10 Governing Law; Submission to Jurisdiction. 

(a) This Agreement shall be governed by, and construed in accordance with, the laws of the state of Texas. 

(B) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENTS TO WHICH A GRANTOR
IS A PARTY SHALL BE BROUGHT IN THE COURTS OF THE STATE OF TEXAS OR OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF TEXAS, AND EACH OF THE LENDERS, THE ADMINISTRATIVE AGENT AND THE GRANTORS HEREBY ACCEPTS FOR ITSELF AND (TO THE EXTENT
PERMITTED BY LAW) IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS. EACH OF THE LENDERS, THE ADMINISTRATIVE AGENT AND THE GRANTORS HEREBY IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING, WITHOUT
LIMITATION, ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY SUCH ACTION OR PROCEEDING IN SUCH RESPECTIVE JURISDICTIONS. THIS SUBMISSION TO JURISDICTION
IS NON-EXCLUSIVE AND DOES NOT PRECLUDE THE ADMINISTRATIVE AGENT OR ANY LENDER FROM OBTAINING JURISDICTION OVER SUCH GRANTOR IN ANY COURT OTHERWISE HAVING JURISDICTION. 

(c) EACH OF THE LENDERS, THE ADMINISTRATIVE AGENT AND THE GRANTORS IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OF
ANY OF THE AFOREMENTIONED COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR 

  
 23 

 
CERTIFIED MAIL, POSTAGE PREPAID, TO SUCH PERSON AT THE ADDRESS SPECIFIED ON SCHEDULE 1 OF THIS AGREEMENT OR IN THE CREDIT AGREEMENT, AS APPLICABLE, SUCH SERVICE TO BECOME EFFECTIVE THIRTY
(30) DAYS AFTER SUCH MAILING. NOTHING HEREIN SHALL AFFECT THE RIGHT OF THE ADMINISTRATIVE AGENT OR ANY LENDER OR ANY HOLDER OF A NOTE OR GRANTOR TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE
PROCEED AGAINST SUCH GRANTOR IN ANY OTHER JURISDICTION. 
 (D) EACH GRANTOR AND EACH LENDER HEREBY
(I) IRREVOCABLY AND UNCONDITIONALLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN; (II) IRREVOCABLY
WAIVE, TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY SUCH LITIGATION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES, OR DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES;
(III) CERTIFY THAT NO PARTY HERETO NOR ANY REPRESENTATIVE OR AGENT OR COUNSEL FOR ANY PARTY HERETO HAS REPRESENTED, EXPRESSLY OR OTHERWISE, OR IMPLIED THAT SUCH PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS,
AND (IV) ACKNOWLEDGE THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT, THE LOAN DOCUMENTS AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS CONTAINED IN THIS SECTION 9.12.

 Section 10.11 Acknowledgments. Each Grantor hereby acknowledges that: 

(a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan
Documents to which it is a party; 
 (b) neither the Administrative Agent nor any other Secured Party has any
fiduciary relationship with or duty to any Grantor arising out of or in connection with this Agreement or any of the other Loan Documents, and the relationship between the Grantors, on the one hand, and the Administrative Agent and the other Secured
Parties, on the other hand, in connection herewith or therewith is solely that of debtor and creditor; and 
 (c)
no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions contemplated hereby among the Secured Parties or among the Grantors and the Lenders. 

(d) Each of the parties hereto specifically agrees that it has a duty to read this Agreement and the Security Instruments
and agrees that it is charged with notice and knowledge of the terms of this Agreement and the Security Instruments; that it has in fact read this Agreement and is fully informed and has full notice and knowledge of the terms, conditions and

  
 24 

 
effects of this Agreement; that it has been represented by independent legal counsel of its choice throughout the negotiations preceding its execution of this Agreement and the Security
Instruments; and has received the advice of its attorney in entering into this Agreement and the Security Instruments; and that it recognizes that certain of the terms of this Agreement and the Security Instruments result in one party assuming the
liability inherent in some aspects of the transaction and relieving the other party of its responsibility for such liability. Each party hereto agrees and covenants that it will not contest the validity or enforceability of any exculpatory provision
of this Agreement and the Security Instruments on the basis that the party had no notice or knowledge of such provision or that the provision is not “conspicuous.” 

(e) Each Grantor warrants and agrees that each of the waivers and consents set forth in this Agreement are made
voluntarily and unconditionally after consultation with outside legal counsel and with full knowledge of their significance and consequences, with the understanding that events giving rise to any defense or right waived may diminish, destroy or
otherwise adversely affect rights which such Grantor otherwise may have against the Borrower, any other Grantor, the Secured Parties or any other Person or against any collateral. If, notwithstanding the intent of the parties that the terms of this
Agreement shall control in any and all circumstances, any such waivers or consents are determined to be unenforceable under applicable law, such waivers and consents shall be effective to the maximum extent permitted by law. 

Section 10.12 Additional Grantors. Each Subsidiary of the Borrower that is required to become a party to this Agreement
pursuant to Section 8.14 of the Credit Agreement and is not a signatory hereto shall become a Grantor for all purposes of this Agreement upon execution and delivery by such Subsidiary of an Assumption Agreement in the form of Annex I hereto.

 Section 10.13 Set-Off. Each Grantor agrees that, in addition to (and without limitation of) any right of set-off,
bankers’ lien or counterclaim a Secured Party may otherwise have, each Secured Party shall have the right and be entitled during the continuance of an Event of Default (after consultation with the Administrative Agent), at its option, to offset
(i) balances held by it or by any of its Affiliates for account of any Grantor or any Subsidiary at any of its offices, in Dollars or in any other currency, and (ii) amounts due and payable to such Lender (or any Affiliate of such Lender)
under any Secured Swap Agreement, against any principal of or interest on any of such Secured Party’s Loans, or any other amount due and payable to such Secured Party hereunder, which is not paid when due (regardless of whether such balances
are then due to such Person), in which case it shall promptly notify the Borrower and the Administrative Agent thereof, provided that such Secured Party’s failure to give such notice shall not affect the validity thereof. 

Section 10.14 Releases. 
 (a) Release Upon Payment in Full. The grant of a security interest hereunder and all of rights, powers and remedies in connection herewith shall remain in full force and effect until the
termination of this Agreement, at which time the Administrative Agent shall (i) retransfer and deliver all Collateral in its possession to the Grantors, and (ii) execute a written release or termination statement and reassigned to the
Grantors without recourse or warranty any remaining Collateral and all rights conveyed hereby. Upon the complete payment of the Secured 

  
 25 

 
Obligations (other than amounts in respect of indemnification, expense, reimbursement, yield protection or tax gross-up for which no claim has been made), the termination of the Letters of Credit
(unless cash collateralized or backstopped), Secured Swap Agreements, Credit Agreement and the Commitments and the compliance by the Grantors with all covenants and agreements hereof, the Administrative Agent, at the written request and expense of
the Borrower, will promptly release, reassign and transfer the Collateral to the Grantors and declare this Agreement to be terminated and of no further force or effect. 

(b) Further Assurances. If any of the Collateral shall be sold, transferred or otherwise disposed of by any Grantor
in a transaction permitted by the Credit Agreement, then the Administrative Agent, at the request and sole expense of such Grantor, shall promptly execute and deliver to such Grantor all releases or other documents reasonably necessary or desirable
for the release of the Liens created hereby on such Collateral and the capital stock of such Grantor. At the request and sole expense of the Borrower, a Grantor shall be released from its obligations hereunder in the event that all the capital stock
of such Grantor shall be sold, transferred or otherwise disposed of in a transaction permitted by the Credit Agreement; provided that the Borrower shall have delivered to the Administrative Agent, at least ten Business Days prior to the date of the
proposed release, a written request for release identifying the relevant Grantor and the terms of the sale or other disposition in reasonable detail, including the price thereof and any expenses in connection therewith, together with a certification
by the Borrower stating that such transaction is in compliance with the Credit Agreement and the other Loan Documents. 
 (c) Retention in Satisfaction. Except as may be expressly applicable pursuant to Section 9.620 of the Texas UCC, no action taken or omission to act by the Administrative Agent or the other
Secured Parties hereunder, including, without limitation, any exercise of voting or consensual rights or any other action taken or inaction, shall be deemed to constitute a retention of the Collateral in satisfaction of the Secured Obligations or
otherwise to be in full satisfaction of the Secured Obligations, and the Secured Obligations shall remain in full force and effect, until the Administrative Agent and the other Secured Parties shall have applied payments (including, without
limitation, collections from Collateral) towards the Secured Obligations in the full amount then outstanding or until such subsequent time as is provided in Section 10.14(a). 

Section 10.15 Reinstatement. The obligations of each Grantor under this Agreement (including, without limitation, with
respect to the guarantee contained in Article II and the provision of collateral herein) shall continue to be effective, or be reinstated, as the case may be, if at any time payment, or any part thereof, of any of the Secured Obligations is
rescinded or must otherwise be restored or returned by the Administrative Agent or any other Secured Party upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of any Grantor, or upon or as a result of the appointment of a
receiver, intervenor or conservator of, or trustee or similar officer for, the Borrower or any Grantor or any substantial part of its property, or otherwise, all as though such payments had not been made. 

Section 10.16 Acceptance. Each Grantor hereby expressly waives notice of acceptance of this Agreement, acceptance on the part
of the Administrative Agent and the other Secured Parties being conclusively presumed by their request for this Agreement and delivery of the same to the Administrative Agent. 

  
 26 

 IN WITNESS WHEREOF, each of the undersigned has caused this Amended and Restated Guarantee
and Collateral Agreement to be duly executed and delivered as of the date first above written. 
  

									
	BORROWER:	 		 	DUNE ENERGY, INC.
					
		 		 		 	By:	 	/s/ James A. Watt
		 		 		 	Name:	 	James A. Watt
		 		 		 	Title:	 	President and CEO
			
	GUARANTORS:	 		 	DUNE OPERATING COMPANY
					
		 		 		 	By:	 	/s/ James A. Watt
		 		 		 	Name:	 	James A. Watt
		 		 		 	Title:	 	President
			
		 		 	DUNE PROPERTIES, INC.
					
		 		 		 	By:	 	/s/ James A. Watt
		 		 		 	Name:	 	James A. Watt
		 		 		 	Title:	 	President

  
 Signature Page

 Amended and Restated Guarantee and Collateral Agreement 

									
		 		 	 Acknowledged and Agreed to as
 of the date hereof by:
  

	ADMINISTRATIVE AGENT:	 		 	BANK OF MONTREAL
					
		 		 		 	By:	 	/s/ James V. Ducote
		 		 		 	Name:	 	James V. Ducote
		 		 		 	Title:	 	Director

  
 Signature Page

 Amended and Restated Guarantee and Collateral Agreement 

 Schedule 1 

NOTICE ADDRESSES OF GRANTORS 
  

	1.	Dune Energy, Inc., a Delaware corporation 

 Notice Address: 
 Attn: Richard H. Mourglia 

Two Shell Plaza 

777 Walker Street 

Suite 2300 

Houston, Texas 77002 
 Telephone: 713-229-6300 
 Facsimile: 713-229-6398 

 

	2.	Dune Operating Company, a Texas corporation 

 Notice Address: 
 Attn: Richard H. Mourglia 

Two Shell Plaza 

777 Walker Street 

Suite 2300 

Houston, Texas 77002 
 Telephone: 713-229-6300 
 Facsimile: 713-229-6398 

 

	3.	Dune Properties, Inc., a Texas corporation 

 Notice Address: 
 Attn: Richard H. Mourglia 

Two Shell Plaza 

777 Walker Street 

Suite 2300 

Houston, Texas 77002 
 Telephone: 713-229-6300 
 Facsimile: 713-229-6398 

  
 Schedule 1 - 1

 Schedule 2 

DESCRIPTION OF PLEDGED SECURITIES 
 Pledged Securities: 
  

									
	 Owner
	  	 Issuer
	  	 Class of Stock or
other Equity
Interest
	  	 No. of Shares
	  	 Certificated or
Uncertificated

	Dune Energy, Inc.	  	Dune Operating Company	  	Common	  	100	  	Certificated
	Dune Energy, Inc.	  	Dune Properties, Inc.	  	Common	  	4,000	  	Certificated

  
 Schedule 2 - 1

 Schedule 3 

FILINGS AND OTHER ACTIONS 
 REQUIRED TO PERFECT SECURITY INTERESTS 
 Uniform Commercial Code Filings

 Filing of UCC-1 Financing Statement for the Borrower with respect to the Collateral with the Secretary of State of the State of Delaware.

 Filing of UCC-1 Financing Statement for Dune Operating Company with respect to the Collateral with the Secretary of State of the State of
Texas. 
 Filing of UCC-1 Financing Statement for Dune Properties, Inc. with respect to the Collateral with the Secretary of State of the State
of Texas. 
 Delivery to Administrative Agent of Pledged Securities 

  
 Schedule 3 - 1

 Schedule 4 

PRIOR NAMES AND PRIOR CHIEF EXECUTIVE OFFICE 
  

	1.	Dune Properties, Inc. 

 Prior
Names: Dune Gulf Coast Operating, Inc.; Goldking Operating Company 
 Prior Chief Executive Office: 777 Walker, Suite 2450,
Houston, TX 77002 

  
 Schedule 4 - 1

 ACKNOWLEDGMENT AND CONSENT 

The undersigned hereby acknowledges receipt of a copy of the Amended and Restated Guarantee and Collateral Agreement dated as of
December 22, 2011 (the “Agreement”), made by the Grantors parties thereto for the benefit of Bank of Montreal, as Administrative Agent. The undersigned agrees for the benefit of the Administrative Agent and the Lenders as
follows: 
 1. The undersigned will be bound by the terms of the Agreement and will comply with such terms insofar as such terms
are applicable to the undersigned. 
 2. The terms of Sections 7.01(c) and 7.05 of the Agreement shall apply to it, mutatis
mutandis, with respect to all actions that may be required of it pursuant to Sections 7.01(c) or 7.05 of the Agreement. 
  

			
	[NAME OF ISSUER]
		
	By:	 	 
	Title:	 	
	
	Address for Notices:
	
	 
	
	 
	
	 
		
	Fax:	 	 

  
  

 

	*	This consent is necessary only with respect to any Issuer which is not also a Grantor. This consent may be modified or eliminated with respect to any Issuer that is not
controlled by a Grantor. 

  

Acknowledgement and Consent 

 Annex I 
 Assumption Agreement 
 ASSUMPTION AGREEMENT, dated as of
________________, 201__, made by ______________________________, a ______________ (the “Additional Grantor”), in favor of Bank of Montreal, as administrative agent (in such capacity, the “Administrative Agent”) for
the banks and other financial institutions (the “Lenders”) parties to the Credit Agreement referred to below. All capitalized terms not defined herein shall have the meaning assigned to them in such Credit Agreement. 

W I T N E S S E T H: 
 WHEREAS, Dune Energy, Inc. (the “Borrower”), the Lenders, the Administrative Agent and the other Agents, have entered into a Amended and Restated Credit Agreement, dated as of
December 22, 2011 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”); 
 WHEREAS, in connection with the Credit Agreement, the Borrower and certain of its Subsidiaries have entered into the Amended and Restated Guarantee and Collateral Agreement, dated as of December 22,
2011 (as amended, supplemented or otherwise modified from time to time, the “Guarantee and Collateral Agreement”) in favor of the Administrative Agent for the benefit of the Lenders and Affiliates of the Lenders; 

WHEREAS, the Credit Agreement requires the Additional Grantor to become a party to the Guarantee and Collateral Agreement; and

 WHEREAS, the Additional Grantor has agreed to execute and deliver this Assumption Agreement in order to become a party to the
Guarantee and Collateral Agreement; 
 NOW, THEREFORE, IT IS AGREED: 

1. Guarantee and Collateral Agreement. By executing and delivering this Assumption Agreement, the Additional Grantor, as provided
in Section 10.12 of the Guarantee and Collateral Agreement, hereby becomes a party to the Guarantee and Collateral Agreement as a Grantor thereunder with the same force and effect as if originally named therein as a Grantor and, without
limiting the generality of the foregoing, hereby expressly assumes all obligations and liabilities of a Grantor thereunder and expressly grants to the Administrative Agent, for the benefit of the Secured Parties (as defined in the Guarantee and
Collateral Agreement), a security interest in all Collateral owned by such Additional Grantor to secure all of such Additional Grantor’s obligations and liabilities thereunder. The information set forth in Annex 1-A hereto is hereby added to
the information set forth in Schedules 1 through 5 to the Guarantee and Collateral Agreement. The Additional Grantor hereby represents and warrants that each of the representations and warranties contained in Article V of the Guarantee and
Collateral Agreement is true and correct on and as the date hereof (after giving effect to this Assumption Agreement) as if made on and as of such date. 

  
 Annex I - 1

 2. Governing Law. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF TEXAS. 
 IN WITNESS WHEREOF, the undersigned has caused this Assumption
Agreement to be duly executed and delivered as of the date first above written. 
  

			
	[ADDITIONAL GRANTOR]
		
	By:	 	 
	Name:	 	
	Title:	 	

  
 Annex I - 2Amended and Restated Mortgage

 Exhibit 10.3 
 NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT
IS FILED FOR RECORDING IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER’S LICENSE NUMBER. 
 WHEN RECORDED OR FILED,
 
 PLEASE RETURN TO:  

Simpson Thacher & Bartlett LLP 
 909
Fannin Street, Suite 1475 
 Houston, Texas 77010 
 Attention: Linda Daugherty 

	
	
	  
	Space above for County Recorder’s Use

 AMENDED AND RESTATED MORTGAGE, DEED OF TRUST, ASSIGNMENT OF AS- 

EXTRACTED COLLATERAL, SECURITY AGREEMENT, FIXTURE FILING AND 
 FINANCING STATEMENT 
 FROM 

DUNE PROPERTIES, INC. 
 TO 
 GEORGE SERICE, AS TRUSTEE 

FOR THE BENEFIT OF 
 BANK OF MONTREAL 
 as Administrative Agent 

and the Other Secured Persons 

 A CARBON, PHOTOGRAPHIC, OR OTHER REPRODUCTION OF THIS INSTRUMENT IS SUFFICIENT AS A FINANCING STATEMENT.

 A POWER OF SALE HAS BEEN GRANTED IN THIS INSTRUMENT. IN CERTAIN STATES, A POWER OF SALE MAY ALLOW THE TRUSTEE OR THE MORTGAGEE TO TAKE
THE MORTGAGED PROPERTY AND SELL IT WITHOUT GOING TO COURT IN A FORECLOSURE ACTION UPON DEFAULT BY THE MORTGAGOR UNDER THIS INSTRUMENT. 

THIS INSTRUMENT CONTAINS AFTER-ACQUIRED PROPERTY PROVISIONS. 
 THIS INSTRUMENT SECURES PAYMENT OF FUTURE ADVANCES. 
 THIS INSTRUMENT COVERS PROCEEDS OF
MORTGAGED PROPERTY. 
 THIS INSTRUMENT COVERS “FIXTURES” AND “AS EXTRACTED COLLATERAL” (AND ACCOUNTS WITH RESPECT TO
SAME), AS EACH SUCH TERM IS DEFINED IN THE UNIFORM COMMERCIAL CODE. 
 THIS INSTRUMENT COVERS MINERALS AND OTHER SUBSTANCES OF VALUE
WHICH MAY BE EXTRACTED FROM THE EARTH (INCLUDING WITHOUT LIMITATION OIL AND GAS) AND THE ACCOUNTS RELATED THERETO, WHICH WILL BE FINANCED AT THE WELLHEADS OF THE WELL OR WELLS LOCATED ON THE PROPERTIES DESCRIBED IN THE EXHIBIT HERETO. THIS FINANCING
STATEMENT IS TO BE FILED OR FILED FOR RECORD, AMONG OTHER PLACES, IN THE REAL ESTATE RECORDS OR SIMILAR RECORDS OF THE RECORDERS OF THE COUNTIES OR PARISHES LISTED ON THE EXHIBIT HERETO. THE MORTGAGOR HAS AN INTEREST OF RECORD IN THE REAL ESTATE AND
IMMOVABLE PROPERTY CONCERNED, WHICH INTEREST IS DESCRIBED IN THE EXHIBIT ATTACHED HERETO. 
 PORTIONS OF THE MORTGAGED PROPERTY ARE GOODS
WHICH ARE OR ARE TO BECOME AFFIXED TO OR FIXTURES ON THE LAND DESCRIBED IN OR REFERRED TO IN THE EXHIBIT HERETO. THIS FINANCING STATEMENT IS TO BE FILED FOR RECORD OR RECORDED, AMONG OTHER PLACES, IN THE REAL ESTATE RECORDS OR SIMILAR RECORDS OF
EACH COUNTY OR PARISH IN WHICH SAID LAND OR ANY PORTION THEREOF IS LOCATED. THE MORTGAGOR IS THE OWNER OF RECORD INTEREST IN THE REAL ESTATE CONCERNED. THIS INSTRUMENT IS ALSO TO BE INDEXED IN THE INDEX OF FINANCING STATEMENTS OR THE UCC RECORDS.

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I
 DEFINITIONS
	   

  

			
	 Section 1.01
	 	Terms Defined Above	  	 	2	  
	 Section 1.02
	 	UCC and Other Defined Terms	  	 	2	  
	 Section 1.03
	 	Definitions	  	 	2	  
	
	 ARTICLE II
 GRANT OF LIEN AND SECURED OBLIGATIONS
	   

  

			
	 Section 2.01
	 	Grant of Liens	  	 	5	  
	 Section 2.02
	 	Grant of Security Interest	  	 	7	  
	 Section 2.03
	 	Secured Obligations	  	 	7	  
	 Section 2.04
	 	Fixture Filing, Etc.	  	 	8	  
	 Section 2.05
	 	Pro Rata Benefit	  	 	8	  
	
	 ARTICLE III
 ASSIGNMENT OF AS-EXTRACTED COLLATERAL
	   

  

			
	 Section 3.01
	 	Assignment	  	 	8	  
	 Section 3.02
	 	No Modification of Payment Obligations	  	 	10	  
	 Section 3.03
	 	Rights and Title of Consignee	  	 	10	  
	
	 ARTICLE IV
 REPRESENTATIONS, WARRANTIES AND COVENANTS
	   

  

			
	 Section 4.01
	 	Title	  	 	10	  
	 Section 4.02
	 	Defend Title	  	 	10	  
	 Section 4.03
	 	Not a Foreign Person	  	 	11	  
	 Section 4.04
	 	Revenue and Cost Bearing Interest	  	 	11	  
	 Section 4.05
	 	Rentals Paid; Leases in Effect	  	 	11	  
	 Section 4.06
	 	Failure to Perform	  	 	11	  
	
	 ARTICLE V
 RIGHTS AND REMEDIES
	   

  

			
	 Section 5.01
	 	Event of Default	  	 	11	  
	 Section 5.02
	 	Foreclosure and Sale	  	 	11	  
	 Section 5.03
	 	Substitute Trustees and Agents	  	 	13	  
	 Section 5.04
	 	Judicial Foreclosure; Receivership	  	 	13	  
	 Section 5.05
	 	Foreclosure for Installments	  	 	13	  
	 Section 5.06
	 	Separate Sales	  	 	14	  
	 Section 5.07
	 	Possession of Mortgaged Property	  	 	14	  
	 Section 5.08
	 	Occupancy After Foreclosure	  	 	14	  

  
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	 Section 5.09
	 	Remedies Cumulative, Concurrent and Nonexclusive	  	 	15	  
	 Section 5.10
	 	Discontinuance of Proceedings	  	 	15	  
	 Section 5.11
	 	No Release of Obligations	  	 	15	  
	 Section 5.12
	 	Release of and Resort to Collateral	  	 	15	  
	 Section 5.13
	 	Waiver of Redemption, Notice and Marshalling of Assets, Etc.	  	 	16	  
	 Section 5.14
	 	Application of Proceeds	  	 	16	  
	 Section 5.15
	 	Resignation of Operator	  	 	16	  
	 Section 5.16
	 	Indemnity	  	 	17	  
	
	 ARTICLE VI
 THE TRUSTEE
	   

  

			
	 Section 6.01
	 	Duties, Rights, and Powers of Trustee	  	 	17	  
	 Section 6.02
	 	Successor Trustee	  	 	18	  
	 Section 6.03
	 	Retention of Moneys	  	 	18	  
	
	 ARTICLE VII
 MISCELLANEOUS
	   

  

			
	 Section 7.01
	 	Instrument Construed as Mortgage, Etc.	  	 	18	  
	 Section 7.02
	 	Releases	  	 	19	  
	 Section 7.03
	 	Severability	  	 	19	  
	 Section 7.04
	 	Successors and Assigns	  	 	19	  
	 Section 7.05
	 	Satisfaction of Prior Encumbrance	  	 	20	  
	 Section 7.06
	 	Application of Payments to Certain Obligations	  	 	20	  
	 Section 7.07
	 	Nature of Covenants	  	 	20	  
	 Section 7.08
	 	Notices	  	 	20	  
	 Section 7.09
	 	Counterparts	  	 	20	  
	 Section 7.10
	 	Governing Law	  	 	20	  
	 Section 7.11
	 	Financing Statement; Fixture Filing	  	 	21	  
	 Section 7.12
	 	Execution of Financing Statements	  	 	21	  
	 Section 7.13
	 	Exculpation Provisions	  	 	22	  
	 Section 7.14
	 	References	  	 	22	  
	 Section 7.15
	 	Amendment, Restatement	  	 	22	  
	 Section 7.16
	 	Secured Swap Agreements	  	 	22	  
	 Section 7.17
	 	Integration	  	 	22	  
	
	 ARTICLE VIII
 STATE SPECIFIC PROVISIONS
	   

  

			
	 Section 8.01
	 	State Specific Provisions Generally	  	 	23	  
	 Section 8.02
	 	Special Louisiana Provisions	  	 	23	  

 Exhibit A – Oil and Gas Properties 

  
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 THIS AMENDED AND RESTATED MORTGAGE, DEED OF TRUST, ASSIGNMENT OF AS-EXTRACTED COLLATERAL,
SECURITY AGREEMENT, FIXTURE FILING AND FINANCING STATEMENT (this “Mortgage”) is entered into as of December 22, 2011 (the “Effective Date”) by DUNE PROPERTIES, INC., a Texas corporation (the
“Mortgagor”), in favor of (i) GEORGE SERICE, as Trustee for the benefit of BANK OF MONTREAL, as Administrative Agent (together with its successors and assigns, the “Mortgagee”), and the Other Secured Persons
with respect to all Mortgaged Properties located in or adjacent to the Deed of Trust State and (ii) the Mortgagee for its benefit and the benefit of the Other Secured Parties with respect to all Mortgaged Properties located in or adjacent to
each Mortgage State and with respect to all UCC Collateral. 
 R E C I T A L S 

A. Dune Energy, Inc., a Delaware corporation, and Dune Properties, Inc., a Texas corporation, collectively with Dune Energy, Inc. as
borrowers, Wells Fargo Capital Finance, Inc., as administrative agent, and Wayzata Opportunities Fund II, L.P., as sole lender, are party to that certain Amended and Restated Credit Agreement, dated as of December 7, 2010 (as amended or
otherwise modified from time to time through the date hereof, the “WF Credit Agreement”). 
 B. The Mortgagor
entered into those certain mortgages dated as of May 15, 2007 and May 31, 2007 (as amended or otherwise modified from time to time through the date hereof) in favor of Wells Fargo Capital Finance, Inc., as administrative agent, which have
been recorded in the jurisdictions and are more particularly described in Exhibit A (the “Existing Mortgages”) to secure, inter alia, the obligations of the Mortgagor under the WF Credit Agreement. 

C. Mortgagor, as borrower, the Lenders, the Mortgagee, as administrative agent for the Lenders and others, have executed an Amended and
Restated Credit Agreement of even date herewith (such agreement, as may from time to time be amended, restated or supplemented, the “Credit Agreement”) pursuant to which, upon the terms and conditions stated therein, the Lenders
agreed to make loans and other extensions of credit to the Mortgagor. 
 D. The Mortgagor has requested and the Mortgagee has
agreed to amend and restate the Existing Mortgages and to extend the obligations outstanding thereunder, subject to the terms and conditions of the Credit Agreement. This Mortgage amends, restates and consolidates the Existing Mortgages to secure,
inter alia, the Mortgagor’s obligations under the Credit Agreement 
 E. The Mortgagor and certain Lenders or
Affiliates of Lenders have or may enter into certain ISDA Master Agreements, confirmations and other contractual arrangements, whether or not evidenced pursuant to standard ISDA documentation (any such agreements or instruments with Lenders or their
Affiliates collectively, “Swap Documents”) to evidence one or more swap, forward, future, put, call, physical delivery contract or other exchange or derivative transactions or options or similar agreements, whether exchange traded,
“over-the-counter” or otherwise, involving, or settled by reference to, one or more rates, currencies, commodities (including electricity), equity or debt instruments or securities, or economic, financial or pricing indices or measures of
economic, financial or pricing risk or value or any similar transaction or any combination of these transactions (collectively, “Swap Agreements”). 

 F. The Mortgagor and certain Lenders or Affiliates of Lenders have or may enter into certain
agreements regarding bank services provided to the Mortgagor and/or one or more of its Subsidiaries for commercial credit cards, stored value cards and treasury management services, including, without limitation, controlled disbursement, automated
clearinghouse transactions, return items, overdrafts and interstate depository network services (collectively, the “Cash Management Agreements”). 
 G. The Mortgagor, each of the signatories thereto and the Mortgagee have executed a Guarantee and Collateral Agreement (such agreement, as may from time to time be amended, restated or supplemented, the
“Guarantee”) of even date herewith pursuant to which, upon the terms and conditions stated therein, the Mortgagor and each of the other signatories thereto have agreed to grant a security interest to the Mortgagee in certain assets
specified therein and each of the signatories thereto have agreed to guarantee the obligations of the Mortgagor under the Credit Agreement, the Swap Agreements and the Cash Management Agreements (the Credit Agreement, the Swap Agreements, the Cash
Management Agreements and the Guarantee collectively being the “Secured Transaction Documents”). 
 H.
Therefore, in order to comply with the terms and conditions of the Secured Transaction Documents and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Mortgagor hereby agrees as follows:

 ARTICLE I 
 DEFINITIONS 
 Section 1.01 Terms Defined Above. As used
in this Mortgage, each term defined above has the meaning indicated above. 
 Section 1.02 UCC and Other Defined
Terms. Each capitalized term used in this Mortgage and not defined in this Mortgage shall have the meaning ascribed to such term in the Credit Agreement. Any capitalized term not defined in either this Mortgage or the Credit Agreement shall have
the meaning assigned to such term in the Applicable UCC. 
 Section 1.03 Definitions. 

“Applicable UCC” means the provisions of the Uniform Commercial Code presently in effect in the jurisdiction in which
the relevant UCC Collateral is situated or which otherwise is applicable to the creation or perfection of the Liens described herein or the rights and remedies of Mortgagee under this Mortgage. 

“Collateral” means collectively all the Mortgaged Property and all the UCC Collateral (but shall exclude any Excluded
Property). 
 “Deed of Trust State” has the meaning assigned such term in Section 2.01. 

“Event of Default” has the meaning assigned to such term in Section 5.01. 

  
 -2-

 “Excluded Property” means (a) any Equipment subject to a purchase
money security interest or equipment lease (“Encumbered Equipment”) if and to the extent that the creation of a security interest in the right, title or interest of the Grantor in the Encumbered Equipment would cause or result in a default
under any contractual provision or other restriction; (b) any rights or interest in any contract, license, permit or franchise covering real or personal property of the Grantor if, under the terms of the contract, license, permit or franchise
or applicable law, the grant of a security interest or other Lien therein is prohibited as a matter of Law, or under the terms of the contract, license, permit or franchise and that prohibition has not been effectively waived or the consent of the
other party(ies) to such contract, license, permit or franchise has not been obtained, but the foregoing exclusions in no way will be construed (i) to apply to the extent that any described prohibition is unenforceable under Section 9-406,
9-407, 9-408, or 9-409 of the UCC (as same may be limited by other applicable Law) or other applicable Law, or (ii) to limit, impair or otherwise affect the continuing security interests of the Secured Creditors in and Liens upon any rights or
interests of the Grantors in or to (A) monies due or to become due under any described contract, license, permit or franchise (including any Accounts), or (B) any proceeds from the sale, license, lease, or other dispositions of any such
contract or license; (c) leasehold interests; (d) assets subject to certificates of title; (e) “intent to use” trademark applications; and (f) assets as to which the Administrative Agent and the Borrower reasonably
agree that the cost of obtaining a security interest or perfection thereof is excessive in relation to the benefit to the Lenders of the security afforded thereby. 
 “Future Advances” means future obligations and future advances that the Mortgagee or any Other Secured Person may make pursuant to any Secured Transaction Document. 

“Hydrocarbon Interests” means all rights, titles, interests and estates and the lands and premises covered or affected
thereby now or hereafter acquired by the Mortgagor in and to oil and gas leases, oil, gas and mineral leases, or other liquid or gaseous hydrocarbon leases, fee interests, surface interests, mineral fee interests, overriding royalty and royalty
interests, net profit interests and production payment interests, including any reserved or residual interests of whatever nature, in each case, which are described on Exhibit A; provided that, it is the intent of the Mortgagor that all of its
interests be subject to the Lien of this Mortgage even if (i) its interests on Exhibit A shall be incorrectly described or a description of a part or all of such property or the Mortgagor’s interests therein be omitted or limited to
particular lands, specified depths or particular types of property interests or (ii) such properties or interests may be hereafter acquired. 
 “Hydrocarbons” means all oil, gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all products refined or separated
therefrom and all other minerals which may be produced and saved from or attributable to the Oil and Gas Properties of the Mortgagor, including all oil in tanks, and all rents, issues, profits, proceeds, products, revenues and other incomes from or
attributable to the Hydrocarbon Interests or other properties constituting Oil and Gas Properties. 
 “Indemnified
Parties” means the Trustee, the Mortgagee, each Other Secured Person and their officers, directors, employees, representatives, agents, attorneys, accountants and experts. 

  
 -3-

 “Lien” means any interest in property securing an obligation owed to, or a
claim by, a Person other than the owner of the property, whether such interest is based on the common law, statute or contract, and whether such obligation or claim is fixed or contingent, and including but not limited to (a) the lien or
security interest arising from a mortgage, encumbrance, pledge, security agreement, conditional sale or trust receipt or a lease, consignment or bailment for security purposes or (b) production payments and the like payable out of Oil and Gas
Properties. 
 “Mortgaged Property” means the Oil and Gas Properties and other properties and assets described
in Section 2.01(a) through Section 2.01(e). 
 “Mortgage State” has the meaning ascribed such term in
Section 2.01. 
 “Oil and Gas Properties” means (a) Hydrocarbon Interests; (b) the properties
now or hereafter pooled or unitized with Hydrocarbon Interests; (c) all presently existing or future unitization, communitization, pooling agreements and declarations of pooled units and the units created thereby (including without limitation
all units created under orders, regulations and rules of any Governmental Authority) which may affect all or any portion of the Hydrocarbon Interests; (d) all operating agreements, production sales or other contracts, farmout agreements,
farm-in agreements, area of mutual interest agreements, equipment leases and other agreements which relate to any of the Hydrocarbon Interests or any interests therein or to the production, sale, purchase, exchange, processing, handling, storage,
transporting or marketing of the Hydrocarbons from or attributable to such Oil and Gas Properties; (e) all Hydrocarbons; (f) all tenements, hereditaments, appurtenances and properties in any manner appertaining, belonging, affixed or
incidental to the Hydrocarbon Interests, including all compressor sites, settling ponds and equipment or pipe yards; and (g) all properties, rights, titles, interests and estates described or referred to above whether now owned or hereinafter
acquired, including any and all property, real or personal, immoveable or moveable, situated upon, used, held for use or useful in connection with the operating, working or development of any of such Hydrocarbon Interests or property (excluding
drilling rigs, automotive equipment, rental equipment or other personal property which may be on such premises for the purpose of drilling a well or for other similar temporary uses) and including any and all oil wells, gas wells, injection wells or
other wells, fuel separators, liquid extraction plants, plant compressors, pumps, pumping units, pipelines, sales and flow lines, gathering systems, field gathering systems, salt water disposal facilities, tanks and tank batteries, fixtures, valves,
fittings, machinery and parts, engines, boilers, steam generation facilities, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface leases, rights-of-way, easements, servitudes licenses
and other surface and subsurface rights, together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing. 
 “Other Secured Persons” means each Lender, each Agent under the Credit Agreement, each Issuing Bank under the Credit Agreement, each Lender or Affiliate of a Lender which is party to any
Treasury Management Agreement, each Lender or Affiliate of a Lender which is party to any Secured Swap Agreement or was a Lender or an Affiliate of a Lender on the Effective Date, each Indemnified Party and any legal owner, holder, assignee or
pledgee of any of the Secured Obligations. 
 “Paid In Full In Cash” means (i) the payment in full in cash
of all principal, interest (including interest accruing during the pendency of an insolvency or liquidation proceeding, regardless of whether allowed or allowable in such insolvency or liquidation proceeding) and premium, if any, on all Loans
outstanding under the Credit Agreement, (ii) the payment in full in 

  
 -4-

 
cash or posting of cash collateral in respect of all other obligations or amounts that are outstanding under the Credit Agreement (other than amounts in respect of indemnification, expense,
reimbursement, yield protection or tax gross-up for which no claim has been made), including the posting of cash collateral for outstanding Letters of Credit as required by the terms of the Credit Agreement, (iii) the termination of all
Commitments under the Credit Agreement, (iv) payment in full in cash of all amounts owed under and the termination of all obligations under each Treasury Management Agreement (other than amounts in respect of indemnification, expense,
reimbursement, yield protection or tax gross-up for which no claim has been made), and (v) the termination of all Secured Swap Agreements or the posting of acceptable substitute collateral to the counterparty to such Secured Swap Agreements as
required by the terms thereof or the novation of such Secured Swap Agreements to third parties. 
 “Permitted
Encumbrances” means all Liens permitted to be placed on the Mortgaged Properties under Section 9.03 of the Credit Agreement. 
 “Post-Default Rate” means the post-default rate per annum set forth in Section 3.02(c) of the Credit Agreement applicable to past due payments, but in no event to exceed the Highest
Lawful Rate. 
 “Secured Obligations” has the meaning assigned to such term in Section 2.03. 

“Trustee” means GEORGE SERICE of Houston, Harris County, Texas, whose address for notice hereunder is 700 Louisiana,
Suite 2100, Houston, TX 77002 and any successors and substitutes in trust hereunder. 
 “UCC Collateral” means
the property and other assets described in Section 2.02. 
 ARTICLE II 

GRANT OF LIEN AND SECURED OBLIGATIONS 
 Section 2.01 Grant of Liens. To secure payment of the Secured Obligations, the Mortgagor does by these presents hereby: 

(i) GRANT, BARGAIN, SELL, ASSIGN, MORTGAGE, TRANSFER and CONVEY to the Trustee, for the use and benefit of the Mortgagee and the Other
Secured Persons, all the following properties, rights and interests (as described in subsections (a) through (e) immediately below) which are located in (or cover or relate to such Oil and Gas Properties located in) or offshore of the
state of Texas (the “Deed of Trust State”), TO HAVE AND TO HOLD unto the Trustee forever to secure the Secured Obligations; and 
 (ii) GRANT, BARGAIN, SELL, WARRANT, MORTGAGE, ASSIGN, TRANSFER, PLEDGE, HYPOTHECATE and CONVEY to the Mortgagee, for its benefit and the benefit of the Other Secured Persons, with mortgage covenants, and
upon the statutory mortgage condition for the breach of which this Mortgage may be subject to foreclosure as provided by applicable law, all the following properties, rights and interests which are located in or offshore Louisiana (the
“Mortgage State”): 
 (a) All rights, titles, interests and estates now owned or hereafter
acquired by the Mortgagor in and to the Oil and Gas Properties described on Exhibit A. 

  
 -5-

 (b) All rights, titles, interests and estates now owned or hereafter
acquired by the Mortgagor in and to all geological, geophysical, engineering, accounting, title, legal and other technical or business data concerning the Oil and Gas Properties, the Hydrocarbons or any other item of property which are in the
possession of the Mortgagor, and all books, files, records, magnetic media, computer records and other forms of recording or obtaining access to such data. 
 (c) All rights, titles, interests and estates now owned or hereafter acquired by the Mortgagor in and to all Hydrocarbons. 

(d) Any property that may from time to time hereafter, by delivery or by writing of any kind, be subjected to the Liens
hereof by the Mortgagor or by anyone on the Mortgagor’s behalf; and the Trustee and/or the Mortgagee are hereby authorized to receive the same at any time as additional security hereunder. 

(e) All of the rights, titles and interests of every nature whatsoever now owned or hereafter acquired by the Mortgagor in
and to the Oil and Gas Properties described in Exhibit A and all other rights, titles, interests and estates and every part and parcel thereof, including, without limitation, any rights, titles, interests and estates as the same may be enlarged by
the discharge of any payments out of production or by the removal of any charges or Permitted Encumbrances to which any of such Oil and Gas Properties or other rights, titles, interests or estates are subject or otherwise; all rights of the
Mortgagor to Liens securing payment of proceeds from the sale of production from any of such Oil and Gas Properties, together with any and all renewals and extensions of any of such related rights, titles, interests or estates; all contracts and
agreements supplemental to or amendatory of or in substitution for the contracts and agreements described or mentioned above; and any and all additional interests of any kind hereafter acquired by the Mortgagor in and to such related rights, titles,
interests or estates. 
 TO HAVE AND TO HOLD the foregoing properties, rights and interests unto the Trustee and Mortgagee (and
their respective successors and assigns), as the case may be, upon the terms and conditions of this Mortgage. 
 Any fractions
or percentages specified on Exhibit A in referring to the Mortgagor’s interests are solely for purposes of the warranties made by the Mortgagor pursuant to Section 4.01 and Section 4.04 and shall in no manner limit the quantum of
interest affected by this Section 2.01 with respect to any Oil and Gas Property or with respect to any unit or well identified on Exhibit A. 
 Notwithstanding any provision in this Mortgage to the contrary, in no event (x) is any Building (as defined in the applicable Flood Insurance Regulation) or Manufactured (Mobile) Home (as defined in
the applicable Flood Insurance Regulation) included in the definition of “Mortgage Property” and no Building or Manufactured (Mobile) Home is hereby encumbered by this Mortgage and (y) is any Excluded Property included in the
definition of Mortgaged Property and no Excluded Property is hereby encumbered by this Mortgage. As used herein, “Flood 

  
 -6-

 
Insurance Regulations” shall mean (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection
Act of 1973 as now or hereafter in effect or any successor statute thereto, (iii) the National Flood Insurance Reform Act of 1994 (amending 42 USC 4001, et. seq.), as the same may be amended or recodified from time to time, and (iv) the
Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder. 
 Section 2.02 Grant of Security
Interest. To further secure the Secured Obligations, the Mortgagor hereby grants to the Mortgagee, for its benefit and the benefit of the Other Secured Persons, a security interest in and to all of the following (whether now or hereafter
acquired by operation of law or otherwise): 
 (a) all As-Extracted Collateral from or attributable to the Oil
and Gas Properties; 
 (b) all Fixtures; 

(c) all Hydrocarbons; 
 (d) all books and records pertaining to the Oil and Gas Properties; and 
 (e) to the extent not otherwise included, all Proceeds and products of any and all of the foregoing and all collateral security, and guarantees given with respect to any of the foregoing. 

Notwithstanding any provision in this Mortgage to the contrary, in no event is any Excluded Property included in the grant of any security interest
pursuant to this Mortgage and no Excluded Property is hereby encumbered by this Mortgage. 
 Section 2.03 Secured
Obligations. This Mortgage is executed and delivered by the Mortgagor to secure and enforce the following (the “Secured Obligations”): 
 (a) Payment of and performance of any and all indebtedness, fees, interest, indemnities, reimbursements, obligations and liabilities of Borrower or any Guarantor (including interest accruing during the
pendency of an insolvency or liquidation proceeding, regardless of whether allowed or allowable in such insolvency or liquidation proceeding) pursuant to the Credit Agreement, the Guarantee, this Mortgage or any other Loan Document, whether now
existing or hereafter arising and being in the original principal amount of Two Hundred Million United States Dollars (US $200,000,000) with final maturity on or before December 22, 2015, including performance of all Letter of Credit Agreements
executed from time to time by the Borrower or any Subsidiary of the Borrower under or pursuant to the Credit Agreement and all reimbursement obligations for drawn or undrawn portions under any Letter of Credit now outstanding or hereafter issued
under or pursuant to the Credit Agreement. 
 (b) Any sums which may be advanced or paid by the Trustee or the
Mortgagee or any Other Secured Person under the terms hereof or of the Credit Agreement or any Secured Transaction Document on account of the failure of the Mortgagor or any of its Subsidiaries to comply with the covenants of the Mortgagor contained
herein, in the Credit Agreement or any other Secured Transaction Document and all other obligations, liabilities and indebtedness of the Mortgagor or any other Guarantor arising pursuant to the provisions of this Mortgage or any Secured Transaction
Document. 

  
 -7-

 (c) Any additional loans made by the Mortgagee or any Lender to the Borrower
or any other Guarantor. It is contemplated that the Mortgagee and the Lenders may lend additional sums to the Borrower from time to time, but shall not be obligated to do so, and the Mortgagor agrees that any such additional loans shall be secured
by this Mortgage. 
 (d) Payment of and performance of any and all present or future obligations of the Mortgagor
under any Secured Swap Document or any Secured Swap Agreement, including any deferred premiums in respect of puts, floors or options constituting Secured Swap Agreements. 

(e) Payment of and performance of any and all present or future obligations, whether absolute or contingent and howsoever
and whensoever created, arising, evidenced or acquired, of the Mortgagor and any of its Subsidiaries under any Cash Management Agreements. 
 (f) Any and all renewals, modifications, substitutions, rearrangements or extensions of any of the foregoing, whether in whole or in part. 

Section 2.04 Fixture Filing, Etc. Without in any manner limiting the generality of any of the other provisions of this
Mortgage: (i) some portions of the goods described or to which reference is made herein are or are to become Fixtures on the land described or to which reference is made herein or on Exhibit A; (ii) the security interests created hereby
under applicable provisions of the Applicable UCC will attach to all As-Extracted Collateral (all minerals including oil and gas and the Accounts resulting from the sale thereof at the wellhead or minehead located on the Oil and Gas Properties
described or to which reference is made herein or on Exhibit A) and all other Hydrocarbons; (iii) this Mortgage is to be filed of record in the real estate records or other appropriate records as a financing statement; and (iv) the
Mortgagor is the record owner of the real estate or interests in the real estate or immoveable property comprised of the Mortgaged Property. 
 Section 2.05 Pro Rata Benefit . This Mortgage is executed and granted for the pro rata benefit and security of the Mortgagee and the Other Secured Persons to secure the Secured
Obligations for so long as same remains unpaid and thereafter until the Secured Obligations have been Paid In Full In Cash. 

ARTICLE III 

ASSIGNMENT OF AS-EXTRACTED COLLATERAL 
 Section 3.01 Assignment. 
 (a) Provided that the
Mortgagor shall have the rights permitted under clause (b) below, the Mortgagor has absolutely and unconditionally assigned, transferred, conveyed and granted a security interest, and does hereby absolutely and unconditionally assign, transfer,
convey and grant a security interest unto the Mortgagee in and to: 

  
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 (i) all of its As-Extracted Collateral located in or relating to the
Mortgaged Properties located in the county where this Mortgage is filed, including without limitation, all As-Extracted Collateral relating to the Hydrocarbon Interests, the Hydrocarbons and all products obtained or processed therefrom; 

(ii) the revenues and proceeds now and hereafter attributable to such Mortgaged Properties, including the Hydrocarbons,
and said products and all payments in lieu, such as “take or pay” payments or settlements; and 
 (iii)
all amounts and proceeds hereafter payable to or to become payable to the Mortgagor or now or hereafter relating to any part of such Mortgaged Properties and all amounts, sums, monies, revenues and income which become payable to the Mortgagor from,
or with respect to, any of the Mortgaged Properties, present or future, now or hereafter constituting a part of the Hydrocarbon Interests. 
 (b) The Hydrocarbons and products are to be delivered into pipe lines connected with the Mortgaged Property, or to the purchaser thereof, to the credit of the Mortgagee, for its benefit and the benefit of
the Other Secured Persons, free and clear of all taxes, charges, costs and expenses; and, subject to the following sentence, all such revenues and proceeds shall be paid directly to the Mortgagee, at its offices in Houston, Texas, with no duty or
obligation of any party paying the same to inquire into the rights of the Mortgagee to receive the same, what application is made thereof, or as to any other matter. Notwithstanding anything to the contrary contained herein, so long as no Event of
Default shall have occurred and is continuing, Mortgagor shall have the right to collect all revenues and proceeds attributable to the Hydrocarbons that accrue to the Oil and Gas Properties or the products obtained or processed therefrom, as well as
any Liens and security interests securing any sales of said Hydrocarbons and to retain, use and enjoy same. 

(c) Subject to the last sentence of clause (b) above, the Mortgagor agrees to perform all such acts, and to execute
all such further assignments, transfers and division orders and other instruments as may be required or desired by the Mortgagee or any party in order to have said proceeds and revenues so paid to the Mortgagee. In addition to any and all rights of
a secured party under Sections 9.607 and 9.609 of the Applicable UCC, and subject to clause (b) above, the Mortgagee is fully authorized to receive and receipt for said revenues and proceeds; to endorse and cash any and all checks and drafts
payable to the order of the Mortgagor or the Mortgagee for the account of the Mortgagor received from or in connection with said revenues or proceeds and to hold the proceeds thereof in a Deposit Account with the Mortgagee, a Lender or other
acceptable commercial bank as additional collateral securing the Secured Obligations; and to execute transfer and division orders in the name of the Mortgagor, or otherwise, with warranties binding the Mortgagor. All proceeds received by the
Mortgagee pursuant to this grant and assignment shall be applied as provided in Section 5.14. 
 (d) The
Mortgagee shall not be liable for any delay, neglect or failure to effect collection of any proceeds or to take any other action in connection therewith or hereunder; but the Mortgagee shall have the right, at its election, in the name of the
Mortgagor or otherwise, to prosecute and defend any and all actions or legal proceedings deemed advisable by the Mortgagee in order to collect such funds and to protect the interests of the Mortgagee and/or the Mortgagor, with all costs, expenses
and attorneys’ fees incurred in connection therewith being paid by the Mortgagor. 

  
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 (e) The Mortgagor hereby appoints the Mortgagee as its attorney-in-fact
solely in order to pursue any and all rights of the Mortgagor to Liens in the Hydrocarbons securing payment of proceeds of runs attributable to the Hydrocarbons. In addition to the Liens granted to the Trustee and/or the Mortgagee in
Section 2.01(e), the Mortgagor hereby further transfers and assigns to the Mortgagee any and all such Liens, security interests, financing statements or similar interests of the Mortgagor attributable to its interest in the As-Extracted
Collateral, any other Hydrocarbons and proceeds of runs therefrom arising under or created by said statutory provision, judicial decision or otherwise. The power of attorney granted to the Mortgagee in this Section 3.01, being coupled with an
interest, shall be irrevocable until the Secured Obligations have been Paid In Full In Cash. 
 Section 3.02 No
Modification of Payment Obligations. Nothing herein contained shall modify or otherwise alter the obligation of the Mortgagor to make prompt payment of all amounts constituting Secured Obligations when and as the same become due regardless of
whether the proceeds of the As-Extracted Collateral and Hydrocarbons are sufficient to pay the same and the rights provided in accordance with the foregoing assignment provision shall be cumulative of all other security of any and every character
now or hereafter existing to secure payment of the Secured Obligations. Nothing in this Article III is intended to be an acceptance of collateral in satisfaction of the Secured Obligations. 

Section 3.03 Rights and Title of Consignee. In addition to the rights, titles and interests hereby conveyed pursuant
to Section 2.01, the Mortgagor hereby grants to the Mortgagee those Liens given to interest owners of Hydrocarbons to secure the obligations of purchasers at the wellhead, including those rights provided in Tex. Bus. & Com. Code Ann.
§9.343 (Vernon Supp. 1989) (“Tex. UCC”), as amended from time to time. 
 ARTICLE IV 

REPRESENTATIONS, WARRANTIES AND COVENANTS 
 The Mortgagor hereby represents, warrants and covenants as follows: 

Section 4.01 Title. To the extent of the undivided interests specified on Exhibit A, the Mortgagor has good and
defensible title to and is possessed of the Hydrocarbon Interests and has good title to the UCC Collateral, in both instances except for Permitted Encumbrances. 
 Section 4.02 Defend Title. This Mortgage is, and always will be kept, a direct first priority Lien upon the Collateral; provided that Permitted Encumbrances may exist, but no intent to
subordinate the priority of the Liens created hereby is intended or inferred by such existence. The Mortgagor will warrant and defend the title to the Collateral against the claims and demands of all other Persons whomsoever and will maintain and
preserve the Lien created hereby (and its priority) until the Secured Obligations shall be Paid In Full In Cash. If (i) an adverse claim be made against or a cloud develop upon the title to any part of the Collateral other than a Permitted
Encumbrance or (ii) any Person, including the holder of a Permitted Encumbrance, shall challenge the priority or validity of the Liens created by this Mortgage, then the Mortgagor agrees to promptly defend against such adverse claim, take
appropriate action to remove such cloud or subordinate such Permitted Encumbrance, in each case, at the Mortgagor’s sole cost and expense. 

  
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 Section 4.03 Not a Foreign Person. The Mortgagor is not a “foreign
person” within the meaning of the Code, Sections 1445 and 7701 (i.e. the Mortgagor is not a non-resident alien, foreign corporation, foreign partnership, foreign trust or foreign estate as those terms are defined in the Code and any regulations
promulgated thereunder). 
 Section 4.04 Revenue and Cost Bearing Interest. The Mortgagor’s ownership of
the undivided interests in the wells specified on Exhibit A will, after giving full effect to all Permitted Encumbrances, afford the Mortgagor not less than those net interests (expressed as a fraction, percentage or decimal) in the production from
or which is allocated to such undivided interests specified as Net Revenue Interest (as specified on Exhibit A) on attached Exhibit A except for periods in which the Mortgagor has elected to not participate in well operations (which allows other
owners to recoup a multiple of their costs of participation before the Mortgagor will again be entitled to receive its share of production) and will cause the Mortgagor to bear not more than that portion (expressed as a fraction, percentage or
decimal), specified as Working Interest on Exhibit A, of the costs of drilling, developing and operating the wells identified on Exhibit A except to the extent of any proportionate corresponding increase in the Net Revenue Interest. 

Section 4.05 Rentals Paid; Leases in Effect. Except as otherwise set forth in the Credit Agreement or as could not
reasonably be expected to have a Material Adverse Effect, all rentals and royalties due and payable in accordance with the terms of any leases or subleases comprising a part of the Mortgaged Property have been duly paid or provided for, and all
leases or subleases comprising a part of the Oil and Gas Property are in full force and effect. 
 Section 4.06
Failure to Perform. The Mortgagor agrees that if it fails to perform any act or to take any action which it is required to perform or take hereunder or pay any money which the Mortgagor is required to pay hereunder, each of the Mortgagee and
the Trustee, in the Mortgagor’s name or its or their own name, may, but shall not be obligated to, perform or cause to perform such act or take such action or pay such money, and any expenses so incurred by either of them and any money so paid
by either of them shall be a demand obligation owing by the Mortgagor to the Mortgagee or the Trustee, as the case may be, and each of the Mortgagee and the Trustee, upon making such payment, shall be subrogated to all of the rights of the Person
receiving such payment. Each amount due and owing by the Mortgagor to each of the Mortgagee and the Trustee pursuant to this Mortgage shall bear interest from the date of such expenditure or payment to such Person until paid at the Post-Default
Rate. 
 ARTICLE V 
 RIGHTS AND REMEDIES 
 Section 5.01 Event of Default. An
Event of Default under the Credit Agreement shall be an “Event of Default” under this Mortgage. 

Section 5.02 Foreclosure and Sale. 

  
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 (a) If an Event of Default shall occur and be continuing, to the extent
provided by applicable law, the Mortgagee shall have the right and option to proceed with foreclosure by: (i) with respect to that portion of the Mortgaged Property located in or adjacent to any Deed of Trust State directing the Trustee to
proceed, and (ii) with respect to that portion of the Mortgaged Property located in or adjacent to any Mortgage State proceeding, with foreclosure and to sell all or any portion of such Mortgaged Property at one or more sales, as an entirety or
in parcels, at such place or places in otherwise such manner and upon such notice as may be required by law, or, in the absence of any such requirement, as the Mortgagee may deem appropriate, and to make conveyance to the purchaser or purchasers.
Where the Mortgaged Property is situated in more than one jurisdiction, notice as above provided shall be posted and filed in all such jurisdictions (if such notices are required by law), and all such Mortgaged Property may be sold in any such
jurisdiction and any such notice shall designate the jurisdiction where such Mortgaged Property is to be sold. Nothing contained in this Section 5.02 shall be construed so as to limit in any way any rights to sell the Mortgaged Property or any
portion thereof by private sale if and to the extent that such private sale is permitted under the laws of the applicable jurisdiction or by public or private sale after entry of a judgment by any court of competent jurisdiction so ordering. The
Mortgagor hereby irrevocably appoints the Trustee and the Mortgagee, with full power of substitution, to be the attorneys-in-fact of the Mortgagor and in the name and on behalf of the Mortgagor solely in order to execute and deliver any deeds,
transfers, conveyances, assignments, assurances and notices which the Mortgagor ought to execute and deliver and do and perform any and all such acts and things which the Mortgagor ought to do and perform under the covenants herein contained and
generally, to use the name of the Mortgagor in the exercise of all or any of the powers hereby conferred on the Trustee and/or the Mortgagee. At any such sale: (i) whether made under the power herein contained or any other legal enactment, or
by virtue of any judicial proceedings or any other legal right, remedy or recourse, it shall not be necessary for the Trustee or the Mortgagee, as appropriate, to have physically present, or to have constructive possession of, the Mortgaged Property
(the Mortgagor hereby covenanting and agreeing to deliver any portion of the Mortgaged Property not actually or constructively possessed by the Trustee or the Mortgagee immediately upon his or its demand) and the title to and right of possession of
any such property shall pass to the purchaser thereof as completely as if the same had been actually present and delivered to purchaser at such sale, (ii) each instrument of conveyance executed by the Trustee or the Mortgagee shall contain a
general warranty of title, binding upon the Mortgagor and its successors and assigns, (iii) each and every recital contained in any instrument of conveyance made by the Trustee or the Mortgagee shall conclusively establish the truth and
accuracy of the matters recited therein, including, without limitation, nonpayment of the Secured Obligations, advertisement and conduct of such sale in the manner provided herein and otherwise by law and appointment of any successor trustee
hereunder, (iv) any and all prerequisites to the validity thereof shall be conclusively presumed to have been performed, (v) the receipt of the Trustee, the Mortgagee or such other party or officer making the sale shall be a sufficient
discharge to the purchaser or purchasers for its purchase money and no such purchaser or purchasers, or its assigns or personal representatives, shall thereafter be obligated to see to the application of such purchase money, or be in any way
answerable for any loss, misapplication or nonapplication thereof, (vi) to the fullest extent permitted by law, the Mortgagor shall be completely and irrevocably divested of all of its right, title, interest, claim and demand whatsoever, either
at law or in equity, in and to the property sold and such sale shall be a perpetual bar both at law and in equity against the Mortgagor, and 

  
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against any and all other persons claiming or to claim the property sold or any part thereof, by, through or under the Mortgagor, and (vii) to the extent and under such circumstances as are
permitted by law, the Mortgagee may be a purchaser at any such sale, and shall have the right, after paying or accounting for all costs of said sale or sales, to credit the amount of the bid upon the amount of the Secured Obligations (in the order
of priority set forth in Section 5.14) in lieu of cash payment. 
 (b) If an Event of Default shall occur
and be continuing, then (i) the Mortgagee shall be entitled to all of the rights, powers and remedies afforded a secured party by the Applicable UCC with reference to the UCC Collateral or (ii) the Trustee or the Mortgagee may proceed as
to any Collateral in accordance with the rights and remedies granted under this Mortgage or applicable law in respect of the Collateral. Such rights, powers and remedies shall be cumulative and in addition to those granted to the Trustee or the
Mortgagee under any other provision of this Mortgage or under any other Loan Document or any Secured Transaction Document. Written notice mailed to the Mortgagor as provided herein at least ten (10) days prior to the date of public sale of any
part of the Collateral which is personal property subject to the provisions of the Applicable UCC, or prior to the date after which private sale of any such part of the Collateral will be made, shall constitute reasonable notice. 

Section 5.03 Substitute Trustees and Agents. The Trustee or Mortgagee may appoint or delegate any one or more persons
as agent to perform any act or acts necessary or incident to any sale held by the Trustee or Mortgagee, including the posting of notices and the conduct of sale, but in the name and on behalf of the Trustee or Mortgagee. If the Trustee or Mortgagee
shall have given notice of sale hereunder, any successor or substitute trustee or mortgagee agent thereafter appointed may complete the sale and the conveyance of the property pursuant thereto as if such notice had been given by the successor or
substitute trustee or mortgagee agent conducting the sale. 
 Section 5.04 Judicial Foreclosure;
Receivership. If any of the Secured Obligations shall become due and payable and shall not be promptly paid, the Trustee or the Mortgagee shall have the right and power to proceed by a suit or suits in equity or at law, whether for the specific
performance of any covenant or agreement herein contained or in aid of the execution of any power herein granted, or for any foreclosure hereunder or for the sale of the Collateral under the judgment or decree of any court or courts of competent
jurisdiction, or for the appointment of a receiver pending any foreclosure hereunder or the sale of the Collateral under the order of a court or courts of competent jurisdiction or under executory or other legal process, or for the enforcement of
any other appropriate legal or equitable remedy. Any money advanced by the Trustee and/or the Mortgagee in connection with any such receivership shall be a demand obligation (which obligation the Mortgagor hereby expressly promises to pay) owing by
the Mortgagor to the Trustee and/or the Mortgagee and shall bear interest from the date of making such advance by the Trustee and/or the Mortgagee until paid at the Post-Default Rate. 

Section 5.05 Foreclosure for Installments. The Mortgagee shall also have the option to proceed with foreclosure in
satisfaction of any installments of the Secured Obligations which have not been paid when due either through the courts or by directing the Trustee to proceed with foreclosure in satisfaction of the matured but unpaid portion of the Secured
Obligations as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire 

  
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principal balance and accrued interest and other Secured Obligations then due; such sale may be made subject to the unmatured portion of the Secured Obligations, and any such sale shall not in
any manner affect the unmatured portion of the Secured Obligations, but as to such unmatured portion of the Secured Obligations this Mortgage shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed
that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Secured Obligations, it being the purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Secured
Obligations without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Secured Obligations. 
 Section 5.06 Separate Sales. The Collateral may be sold in one or more parcels and to the extent permitted by applicable law in such manner and order as the Mortgagee, in its sole
discretion, may elect, it being expressly understood and agreed that the right of sale arising out of any Event of Default shall not be exhausted by any one or more sales. 
 Section 5.07 Possession of Mortgaged Property. If an Event of Default shall have occurred and be continuing, then, to the extent permitted by applicable law, the Trustee or the
Mortgagee shall have the right and power to enter into and upon and take possession of all or any part of the Collateral in the possession of the Mortgagor, its successors or assigns, or its or their agents or servants, and may exclude the
Mortgagor, its successors or assigns, and all persons claiming under the Mortgagor, and its or their agents or servants wholly or partly therefrom; and, holding the same, the Mortgagee may use, administer, manage, operate and control the Collateral
and conduct the business thereof to the same extent as the Mortgagor, its successors or assigns, might at the time do and may exercise all rights and powers of the Mortgagor, in the name, place and stead of the Mortgagor, or otherwise as the
Mortgagee shall deem best. All costs, expenses and liabilities of every character incurred by the Trustee and/or the Mortgagee in administering, managing, operating, and controlling the Mortgaged Property shall constitute a demand obligation (which
obligation the Mortgagor hereby expressly promises to pay) owing by the Mortgagor to the Trustee and/or the Mortgagee and shall bear interest from date of expenditure until paid at the Post-Default Rate. 

Section 5.08 Occupancy After Foreclosure. In the event there is a foreclosure sale hereunder and at the time of such
sale the Mortgagor or the Mortgagor’s heirs, devisees, representatives, successors or assigns or any other person claiming any interest in the Collateral by, through or under the Mortgagor, are occupying or using the Mortgaged Property or any
part thereof, each and all shall immediately become the tenant of the purchaser at such sale, which tenancy shall be a tenancy from day to day, terminable at the will of either the landlord or tenant, or at a reasonable rental per day based upon the
value of the property occupied, such rental to be due daily to the purchaser; to the extent permitted by applicable law, the purchaser at such sale shall, notwithstanding any language herein apparently to the contrary, have the sole option to demand
immediate possession following the sale or to permit the occupants to remain as tenants at will. In the event the tenant fails to surrender possession of said property upon demand, the purchaser shall be entitled to institute and maintain a summary
action for possession of the Mortgaged Property (such as an action for forcible entry and detainer) in any court having jurisdiction. 

  
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 Section 5.09 Remedies Cumulative, Concurrent and Nonexclusive. Every
right, power, privilege and remedy herein given to the Trustee or the Mortgagee shall be cumulative and in addition to every other right, power and remedy herein specifically given or now or hereafter existing in equity, at law or by statute
(including specifically those granted by the Applicable UCC in effect and applicable to the Collateral or any portion thereof). Each and every right, power, privilege and remedy whether specifically herein given or otherwise existing may be
exercised from time to time and so often and in such order as may be deemed expedient by the Trustee or the Mortgagee, and the exercise, or the beginning of the exercise, or the abandonment, of any such right, power, privilege or remedy shall not be
deemed a waiver of the right to exercise, at the same time or thereafter any other right, power, privilege or remedy. No delay or omission by the Trustee or the Mortgagee or any Other Secured Person in the exercise of any right, power or remedy
shall impair any such right, power, privilege or remedy or operate as a waiver thereof or of any other right, power, privilege or remedy then or thereafter existing. 
 Section 5.10 Discontinuance of Proceedings. If the Trustee or the Mortgagee shall have proceeded to invoke any right, remedy or recourse permitted hereunder or under any Secured
Transaction Document or available at law and shall thereafter elect to discontinue or abandon same for any reason, then it shall have the unqualified right so to do and, in such an event, the parties shall be restored to their former positions with
respect to the Secured Obligations, this Mortgage, the Credit Agreement, the Collateral and otherwise, and the rights, remedies, recourses and powers of the Trustee and the Mortgagee, as applicable, shall continue as if same had never been invoked.

 Section 5.11 No Release of Obligations. Neither the Mortgagor, any Guarantor nor any other person
hereafter obligated for payment of all or any part of the Secured Obligations shall be relieved of such obligation by reason of: (a) the failure of the Trustee to comply with any request of the Mortgagor, or any Guarantor or any other Person so
obligated to foreclose the Lien of this Mortgage or to enforce any provision hereunder or under the Credit Agreement; (b) the release, regardless of consideration, of the Mortgaged Property or any portion thereof or interest therein or the
addition of any other property to the Mortgaged Property; (c) any agreement or stipulation between any subsequent owner of the Mortgaged Property and the Mortgagee extending, renewing, rearranging or in any other way modifying the terms of this
Mortgage without first having obtained the consent of, given notice to or paid any consideration to the Mortgagor, any Guarantor or such other Person, and in such event the Mortgagor, Guarantor and all such other persons shall continue to be liable
to make payment according to the terms of any such extension or modification agreement unless expressly released and discharged in writing by the Mortgagee; or (d) by any other act or occurrence save and except if the Secured Obligations are
Paid In Full In Cash and any other obligations hereunder or under the Credit Agreement are completely fulfilled. 

Section 5.12 Release of and Resort to Collateral. The Mortgagee may release, regardless of consideration, any part of
the Collateral without, as to the remainder, in any way impairing, affecting, subordinating or releasing the Lien created in or evidenced by this Mortgage or its stature as a first and prior Lien in and to the Collateral, and without in any way
releasing or diminishing the liability of any Person liable for the repayment of the Secured Obligations. For payment of the Secured Obligations, the Mortgagee may resort to any other security therefor held by the Mortgagee or the Trustee in such
order and manner as the Mortgagee may elect. 

  
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 Section 5.13 Waiver of Redemption, Notice and Marshalling of Assets, Etc.
To the fullest extent permitted by law, the Mortgagor hereby irrevocably and unconditionally waives and releases (a) all benefits that might accrue to the Mortgagor by virtue of any present or future moratorium law or other law exempting the
Collateral from attachment, levy or sale on execution or providing for any appraisement, valuation, stay of execution, exemption from civil process, redemption or extension of time for payment; (b) all notices of any Event of Default or of the
Mortgagee’s or any other secured Person’s intention to accelerate maturity of the Secured Obligations or of any election to exercise or any actual exercise of any right, remedy or recourse provided for hereunder or under any Secured
Transaction Document or available at law; and (c) any right to a marshalling of assets or a sale in inverse order of alienation. If any law referred to in this Mortgage and now in force, of which the Mortgagor or its successor or successors
might take advantage despite the provisions hereof, shall hereafter be repealed or cease to be in force, such law shall thereafter be deemed not to constitute any part of the contract herein contained or to preclude the operation or application of
the provisions hereof. If the laws of any state which provides for a redemption period do not permit the redemption period to be waived, the redemption period shall be specifically reduced to the minimum amount of time allowable by statute.

 Section 5.14 Application of Proceeds. The proceeds of any sale of the Mortgaged Property or any part
thereof and all other monies received in any proceedings for the enforcement hereof or otherwise, whose application has not elsewhere herein been specifically provided for, shall be applied: 

(a) First, to the payment of all reasonable expenses incurred by the Trustee or the Mortgagee incident to the enforcement
of this Mortgage, the Credit Agreement or any Secured Transaction Document to collect any portion of the Secured Obligations (including, without limiting the generality of the foregoing, expenses of any entry or taking of possession, of any sale, of
advertisement thereof, and of conveyances, and court costs, compensation of agents and employees, legal fees and a reasonable commission to the Trustee acting, if applicable), and to the payment of all other reasonable charges, expenses, liabilities
and advances incurred or made by the Trustee or the Mortgagee under this Mortgage or in executing any trust or power hereunder; and 
 (b) Second, as set forth in Section 10.02(c) of the Credit Agreement. 

Section 5.15 Resignation of Operator. In addition to all rights and remedies under this Mortgage, at law and in
equity, if any Event of Default shall occur and the Trustee or the Mortgagee shall exercise any remedies under this Mortgage with respect to any portion of the Mortgaged Property (or the Mortgagor shall transfer any Mortgaged Property “in lieu
of” foreclosure) whereupon the Mortgagor is divested of its title to any of the Collateral, the Mortgagee shall have the right to request that any operator of any Mortgaged Property which is either the Mortgagor or any Affiliate of the
Mortgagor to resign as operator under the joint operating agreement applicable thereto, and no later than 60 days after receipt by the Mortgagor of any such request, the Mortgagor shall resign (or cause such other Person to resign) as operator of
such Collateral. 

  
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 Section 5.16 Indemnity. THE INDEMNIFIED PARTIES SHALL NOT BE LIABLE, IN
CONNECTION WITH ANY ACTION TAKEN, FOR ANY LOSS SUSTAINED BY THE MORTGAGOR RESULTING FROM AN ASSERTION THAT THE MORTGAGEE HAS RECEIVED FUNDS FROM THE PRODUCTION OF HYDROCARBONS CLAIMED BY THIRD PERSONS OR ANY ACT OR OMISSION OF ANY INDEMNIFIED PARTY
IN ADMINISTERING, MANAGING, OPERATING OR CONTROLLING THE MORTGAGED PROPERTY INCLUDING SUCH LOSS WHICH MAY RESULT FROM THE ORDINARY NEGLIGENCE OF AN INDEMNIFIED PARTY UNLESS SUCH LOSS IS CAUSED BY THE WILLFUL MISCONDUCT OR GROSS NEGLIGENCE OF
THE INDEMNIFIED PARTY SEEKING INDEMNITY. NO INDEMNIFIED PARTY WILL BE OBLIGATED TO PERFORM OR DISCHARGE ANY OBLIGATION, DUTY OR LIABILITY OF THE MORTGAGOR. THE MORTGAGOR SHALL AND DOES HEREBY AGREE TO INDEMNIFY EACH INDEMNIFIED PARTY FOR, AND TO
HOLD EACH INDEMNIFIED PARTY HARMLESS FROM, ANY AND ALL LIABILITY, LOSS OR DAMAGE WHICH MAY OR MIGHT BE INCURRED BY ANY INDEMNIFIED PARTY BY REASON OF THIS MORTGAGE OR THE EXERCISE OF RIGHTS OR REMEDIES HEREUNDER. IF ANY INDEMNIFIED PARTY SHALL MAKE
ANY EXPENDITURE ON ACCOUNT OF ANY SUCH LIABILITY, LOSS OR DAMAGE, THE AMOUNT THEREOF, INCLUDING COSTS, EXPENSES AND REASONABLE ATTORNEYS’ FEES, SHALL BE A DEMAND OBLIGATION (WHICH OBLIGATION THE MORTGAGOR HEREBY EXPRESSLY PROMISES TO PAY) OWING
BY THE MORTGAGOR TO SUCH INDEMNIFIED PARTY AND SHALL BEAR INTEREST FROM THE DATE EXPENDED UNTIL PAID AT THE POST-DEFAULT RATE. THE MORTGAGOR HEREBY ASSENTS TO, RATIFIES AND CONFIRMS ANY AND ALL ACTIONS OF EACH INDEMNIFIED PARTY WITH RESPECT TO THE
MORTGAGED PROPERTY TAKEN UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS MORTGAGE. THE LIABILITIES OF THE MORTGAGOR AS SET FORTH IN THIS SECTION 5.16 SHALL SURVIVE THE TERMINATION OF THIS MORTGAGE. 

ARTICLE VI 

THE TRUSTEE 
 Section 6.01 Duties, Rights, and Powers of Trustee. The Trustee shall have no duty to see to any recording, filing or registration of this Mortgage or any other instrument in addition
or supplemental thereto, or to give any notice thereof, or to see to the payment of or be under any duty in respect of any tax or assessment or other governmental charge which may be levied or assessed on the Mortgaged Property, or any part thereof,
or against the Mortgagor, or to see to the performance or observance by the Mortgagor of any of the covenants and agreements contained herein. The Trustee shall not be responsible for the execution, acknowledgment or validity of this Mortgage or of
any instrument in addition or supplemental hereto or for the sufficiency of the security purported to be created hereby, and makes no representation in respect thereof or in respect of the rights of the Mortgagee. The Trustee shall have the right to
advise with counsel upon any matters arising hereunder and shall be fully protected in relying as to legal matters on the advice of counsel. The Trustee shall not incur any personal liability hereunder except for the Trustee’s own willful
misconduct; and the Trustee shall have the right to rely on any instrument, document or signature authorizing or supporting any action taken or proposed to be taken by him hereunder, believed by him in good faith to be genuine. 

  
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 Section 6.02 Successor Trustee. The Trustee may resign by written notice
addressed to the Mortgagee or be removed at any time with or without cause by an instrument in writing duly executed on behalf of the Mortgagee. In case of the death, resignation or removal of the Trustee, a successor may be appointed by the
Mortgagee by instrument of substitution complying with any applicable Governmental Requirements, or, in the absence of any such requirement, without formality other than appointment and designation in writing. Written notice of such appointment and
designation shall be given by the Mortgagee to the Mortgagor, but the validity of any such appointment shall not be impaired or affected by failure to give such notice or by any defect therein. Such appointment and designation shall be full evidence
of the right and authority to make the same and of all the facts therein recited. Upon the making of any such appointment and designation, this Mortgage shall vest in the successor all the estate and title in and to all of the Mortgaged Property in
or adjacent to any Deed of Trust State, and the successor shall thereupon succeed to all of the rights, powers, privileges, immunities and duties hereby conferred upon the Trustee named herein, and one such appointment and designation shall not
exhaust the right to appoint and designate an additional successor but such right may be exercised repeatedly until the Secured Obligations are Paid In Full In Cash. To facilitate the administration of the duties hereunder, the Mortgagee may appoint
multiple trustees to serve in such capacity or in such jurisdictions as the Mortgagee may designate. 
 Section 6.03
Retention of Moneys. All moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need not be segregated in any manner from any other moneys (except to
the extent required by law) and the Trustee shall be under no liability for interest on any moneys received by him hereunder. 

ARTICLE VII 

MISCELLANEOUS 
 Section 7.01 Instrument Construed as Mortgage, Etc. With respect to any portions of the Mortgaged Property located in or adjacent to any State or other jurisdiction the laws of which do
not provide for the use or enforcement of a deed of trust or the office, rights and authority of the Trustee as herein provided, the general language of conveyance hereof to the Trustee is intended and the same shall be construed as words of
mortgage unto and in favor of the Mortgagee and the rights and authority granted to the Trustee herein may be enforced and asserted by the Mortgagee in accordance with the laws of the jurisdiction in which such portion of the Mortgaged Property is
located and the same may be foreclosed at the option of the Mortgagee as to any or all such portions of the Mortgaged Property in any manner permitted by the laws of the jurisdiction in which such portions of the Mortgaged Property is situated. This
Mortgage may be construed as a mortgage, deed of trust, conveyance, assignment, security agreement, fixture filing, pledge, financing statement, hypothecation or contract, or any one or more of them, in order fully to effectuate the Lien hereof and
the purposes and agreements herein set forth. 

  
 -18-

 Section 7.02 Releases. 

(a) Full Release. If all Secured Obligations (other than amounts in respect of indemnification, expense,
reimbursement, yield protection or tax gross-up for which no claim has been made) shall be Paid In Full In Cash, the Mortgagee shall forthwith cause satisfaction and discharge of this Mortgage to be entered upon the record at the expense of the
Mortgagor and shall execute and deliver or cause to be executed and delivered such instruments of satisfaction and reassignment as may be appropriate. Otherwise, this Mortgage shall remain and continue in full force and effect. 

(b) Partial Release. If any of the Mortgaged Property shall be sold, transferred or otherwise disposed of by the
Mortgagor in a transaction permitted by the Credit Agreement, then the Mortgagee, at the request and sole expense of the Mortgagor, shall promptly execute and deliver to the Mortgagor all releases, re-conveyances or other documents reasonably
necessary or desirable for the release of the Liens created hereby on the Mortgaged Property. At the request and sole expense of the Mortgagor, the Mortgagor shall be released from its obligations hereunder in the event that all of the Equity
Interests of the Mortgagor shall be sold, transferred or otherwise disposed of in a transaction permitted by the Credit Agreement; provided that the Mortgagor shall have delivered to the Mortgagee, at least five Business Days prior to the date of
the proposed release, a written request of a Responsible Officer of the Mortgagor for release identifying the terms of the sale or other disposition in reasonable detail, including the price thereof and any expenses in connection therewith, together
with a certification by the Mortgagor stating that such transaction is in compliance with the Credit Agreement and the other Loan Documents. 
 (c) Possession of Notes. The Mortgagor acknowledges and agrees that possession of any Note (or any replacements of any said Note or other instrument evidencing any part of the Secured Obligations)
at any time by the Mortgagor or any other guarantor shall not in any manner extinguish the Secured Obligations or this Mortgage, and the Mortgagor shall have the right to issue and reissue any of the Notes from time to time as its interest or as
convenience may require, without in any manner extinguishing or affecting the Secured Obligations or the Lien of this Mortgage. 

Section 7.03 Severability. If any provision hereof is invalid or unenforceable in any jurisdiction, the other
provisions hereof shall remain in full force and effect in such jurisdiction and the remaining provisions hereof shall be liberally construed in favor of the Trustee, the Mortgagee and the Other Secured Persons in order to effectuate the provisions
hereof. The invalidity or unenforceability of any provision hereof in any jurisdiction shall not affect the validity or enforceability of any such provision in any other jurisdiction. 

Section 7.04 Successors and Assigns. The terms used to designate any party or group of persons shall be deemed to
include the respective heirs, legal representatives, successors and assigns of such Persons. 

  
 -19-

 Section 7.05 Satisfaction of Prior Encumbrance. To the extent that
proceeds of the Credit Agreement are used to pay indebtedness secured by any outstanding Lien against the Mortgaged Property then the Mortgagor acknowledges and agrees that: (a) such proceeds have been advanced at the Mortgagor’s request,
and (b) the Mortgagee and the Lenders shall be subrogated to any and all rights and Liens owned by any owner or holder of such outstanding Liens, irrespective of whether said Liens are or have been released. It is expressly understood that, in
consideration of the payment of such other indebtedness, the Mortgagor hereby waives and releases all demands and causes of action for offsets and payments to, upon and in connection with the said indebtedness. This Mortgage is made with full
substitution and subrogation of the Trustee and the Mortgagee and his successors in this trust and his and their assigns in and to all covenants and warranties by others heretofore given or made in respect of the Mortgaged Property or any part
thereof. 
 Section 7.06 Application of Payments to Certain Obligations. If any part of the Secured
Obligations cannot be lawfully secured by this Mortgage or if any part of the Mortgaged Property cannot be lawfully subject to the Lien hereof to the full extent of the Secured Obligations, then all payments made shall be applied on said Secured
Obligations first in discharge of that portion thereof which is not secured by this Mortgage. 
 Section 7.07
Nature of Covenants. The covenants and agreements herein contained shall constitute covenants running with the land and interests covered or affected hereby and shall be binding upon the heirs, legal representatives, successors and assigns of
the parties hereto. 
 Section 7.08 Notices. All notices, requests, consents, demands and other
communications required or permitted hereunder shall be in writing and shall be deemed sufficiently given or furnished if delivered by registered or certified United States mail, postage prepaid, or by personal service (including express or courier
service) at the addresses specified in Section 7.12 (unless changed by similar notice in writing given by the particular party whose address is to be changed). Any such notice or communication shall be deemed to have been given either at the
time of personal delivery or, in the case of delivery at the address and in the manner provided herein, upon receipt; provided that, service of notice as required by the laws of any state in which portions of the Mortgaged Property may be situated
shall for all purposes be deemed appropriate and sufficient with the giving of such notice. 
 Section 7.09
Counterparts. This Mortgage is being executed in several counterparts, all of which are identical, except that to facilitate recordation, if the Mortgaged Property is situated in more than one county or parish, descriptions of only those
portions of the Mortgaged Property located in the county or parish in which a particular counterpart is recorded shall be attached as Exhibit A to such counterpart. Each of such counterparts shall for all purposes be deemed to be an original and all
such counterparts shall together constitute but one and the same instrument. Complete copies of this Mortgage containing the entire Exhibit A have been retained by the Mortgagee. 

Section 7.10 Governing Law. Insofar as permitted by otherwise applicable law, this Mortgage shall be construed under
and governed by the laws of the State of Texas; provided, however, that, with respect to any portion of the Mortgaged Property located outside of the State of Texas, the laws of the place in which such property is located shall apply to the extent
of procedural and substantive matters relating only to the creation, perfection, foreclosure of Liens and enforcement of rights and remedies against the Mortgaged Property. 

  
 -20-

 Section 7.11 Financing Statement; Fixture Filing. This Mortgage shall be
effective as a financing statement filed as a fixture filing with respect to all Fixtures included within the Mortgaged Property and is to be filed or filed for record in the real estate records, mortgage records or other appropriate records of each
jurisdiction where any part of the Mortgaged Property (including said fixtures) are situated. This Mortgage shall also be effective as a financing statement covering As-Extracted Collateral (including oil and gas and all other substances of value
which may be extracted from the ground) and accounts financed at the wellhead or minehead of wells or mines located on the properties subject to the Applicable UCC and is to be filed for record in the real estate records, UCC records or other
appropriate records of each jurisdiction where any part of the Mortgaged Property is situated. 
 Section 7.12
Execution of Financing Statements. Pursuant to the Applicable UCC, the Mortgagor authorizes the Mortgagee, its counsel or its representative, at any time and from time to time, to file or record financing statements, continuation statements,
amendments thereto and other filing or recording documents or instruments with respect to the Mortgaged Property without the signature of the Mortgagee in such form and in such offices as the Mortgagee reasonably determines appropriate to perfect
the security interests of the Mortgagee under this Agreement. The Mortgagor also authorizes the Mortgagee, its counsel or its representative, at any time and from time to time, to file or record such financing statements that describe the collateral
covered thereby as “all assets of the Mortgagee”, “all personal property of the Mortgagee” or words of similar effect. The Mortgagor shall pay all costs associated with the filing of such instruments. 

In that regard, the following information is provided: 
  

			
	 Name of Debtor:
	  	Dune Properties, Inc.
	 Address of Debtor:
	  	Two Shell Plaza
		  	777 Walker Street, Suite 2300
		  	Houston, Texas 77002
	 Telephone:
	  	713-229-6300
	 Facsimile:
	  	713-229-6398
	 Attention:
	  	Richard H. Mourglia
	 Jurisdiction of formation:
	  	Texas
	 Organizational ID #:
	  	149826000
		
	Name of Secured Party:	  	Bank of Montreal
	 as Administrative Agent
	  	
	Address of Secured	  	 700 Louisiana, Suite 2100

	 Party:
	  	Houston, TX 77002
	 Attention:
	  	George Serice
	 Telephone:
	  	713-546-9723
	 Facsimile:
	  	713-223-4007
		
	Owner of Record of	  	
	 Real Property:
	  	Debtor

  
 -21-

 Section 7.13 Exculpation Provisions. EACH OF THE PARTIES HERETO
SPECIFICALLY AGREES THAT IT HAS A DUTY TO READ THIS MORTGAGE; AND AGREES THAT IT IS CHARGED WITH NOTICE AND KNOWLEDGE OF THE TERMS OF THIS MORTGAGE; THAT IT HAS IN FACT READ THIS MORTGAGE AND IS FULLY INFORMED AND HAS FULL NOTICE AND KNOWLEDGE OF
THE TERMS, CONDITIONS AND EFFECTS OF THIS MORTGAGE; THAT IT HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL OF ITS CHOICE THROUGHOUT THE NEGOTIATIONS PRECEDING ITS EXECUTION OF THIS MORTGAGE; AND HAS RECEIVED THE ADVICE OF ITS ATTORNEY IN ENTERING
INTO THIS MORTGAGE; AND THAT IT RECOGNIZES THAT CERTAIN OF THE TERMS OF THIS MORTGAGE RESULT IN ONE PARTY ASSUMING THE LIABILITY INHERENT IN SOME ASPECTS OF THE TRANSACTION AND RELIEVING THE OTHER PARTY OF ITS RESPONSIBILITY FOR SUCH LIABILITY. EACH
PARTY HERETO AGREES AND COVENANTS THAT IT WILL NOT CONTEST THE VALIDITY OR ENFORCEABILITY OF ANY EXCULPATORY PROVISION OF THIS MORTGAGE ON THE BASIS THAT THE PARTY HAD NO NOTICE OR KNOWLEDGE OF SUCH PROVISION OR THAT THE PROVISION IS NOT
“CONSPICUOUS.” 
 Section 7.14 References. The words “herein,” “hereof,”
“hereunder” and other words of similar import when used in this Mortgage refer to this Mortgage as a whole, and not to any particular article, section or subsection. Any reference herein to a Section shall be deemed to refer to the
applicable Section of this Mortgage unless otherwise stated herein. Any reference herein to an exhibit or schedule shall be deemed to refer to the applicable exhibit or schedule attached hereto unless otherwise stated herein. 

Section 7.15 Amendment, Restatement. On the date hereof, the Existing Mortgages shall be amended and restated and
superseded in their entirety by this Mortgage. Mortgagor acknowledges and agrees that (a) this Mortgage does not constitute a novation, payment and reborrowing, or termination of the obligations secured by the Existing Mortgages, (b) such
obligations are in all respects continuing with only the terms thereof being modified as provided in the Credit Agreement, (c) the Liens described in the Existing Mortgages are carried forward and (d) none of the rights, titles and
interests existing and to exist under the Existing Mortgages are released, diminished or impaired. 
 Section 7.16
Secured Swap Agreements. If Secured Swap Agreements remain outstanding when the Indebtedness under the Credit Agreement have been Paid In Full In Cash, then the Liens created by this Mortgage shall not be terminated until all Secured Swap
Agreements between the Mortgagor and such Person or Persons are Paid In Full In Cash. 
 Section 7.17
Integration. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES HERETO AND THERETO AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.
THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 

  
 -22-

 ARTICLE VIII 
 STATE SPECIFIC PROVISIONS 
 Section 8.01 State Specific
Provisions Generally. The state specific provisions detailed in this Article VIII apply to (1) Mortgaged Property located in that state and (2) UCC Collateral subject to the applicable law of that state. 

Section 8.02 Special Louisiana Provisions. 

(a) Multiple Indebtedness Mortgage/Maximum Amount. Insofar as any portion of the Mortgaged Property situated in or
offshore the State of Louisiana is concerned, or as to which the laws of the State of Louisiana would be applicable, THIS MORTGAGE IS MADE AND GRANTED PURSUANT TO THE PROVISIONS OF, AND SHALL BE ENTITLED TO THE CONTINUING PREFERENCE AND PRIORITY
PROVIDED BY, ARTICLE 3298 OF THE LOUISIANA CIVIL CODE, AND SHALL APPLY TO AND SECURE THE PAYMENT AND PERFORMANCE OF PAST, PRESENT AND FUTURE INDEBTEDNESS AS SAID TERM IS DEFINED IN CREDIT AGREEMENT AND THE MAXIMUM AMOUNT OF THE INDEBTEDNESS THAT MAY
BE OUTSTANDING AT ANY TIME AND FROM TIME TO TIME THAT THIS MORTGAGE SECURES IS FIXED AT FOUR HUNDRED MILLION AND 00/100 DOLLARS (US $400,000,000). 
 (b) Foreclosure and Sale. To the extent permitted by applicable law, the Mortgagor hereby waives (i) the benefit of appraisement provided for in articles 2332, 2336, 2723, and 2724 of the
Louisiana Code of Civil Procedure and all other laws conferring the same; (ii) the notice of seizure provided for in articles 2293 and 2721 of the Louisiana Code of Civil Procedure; (iii) the three (3) days delay provided for in
articles 2331 and 2722 of the Louisiana Code of Civil Procedure; and (iv) all other laws providing rights of notice, demand, appraisement, or delay. Pursuant to Louisiana Revised Statutes 9:5131-5135 and 9:5136-5140.2, in the event of the
Mortgaged Property or any part thereof is seized as an incident to an action for the recognition or enforcement of this Mortgage by executory process, ordinary process, sequestration, writ of fieri facias, or otherwise, Mortgagor agrees that the
Court issuing any such order, shall, if petitioned for by the Mortgagee, direct the applicable sheriff to appoint as a keeper of the Mortgaged Property the holder or any agent or other Person designated by holder at the time such seizure is
effected. Mortgagor agrees that such keeper shall be entitled to receive its compensation, in excess of its reasonable costs and expenses incurred in the administration or preservation of the Mortgaged Property to the extent permitted by applicable
law. The designation of a keeper made herein shall not be deemed to require the holder to provoke the appointment of such a keeper. 
 (c) Notary Public. The parties relieve and release the undersigned notary public of any duty to produce and attach mortgage or conveyance certificates. 

(d) No Paraph. Mortgagor acknowledges that no promissory note or other instrument has been presented to the
undersigned Notary Public(s) to be paraphed for identification herewith. 
 [SIGNATURES BEGIN NEXT PAGE] 

  
 -23-

 THUS DONE AND PASSED, before me, Notary Public, in Harris, County, Texas, in the presence of
witnesses on the              day of December, 2011, to be effective as of the          day of December, 2011. 

 

									
	WITNESSES:	 		 	DUNE PROPERTIES, INC.
				
	/s/ Linda Daugherty	 		 	By:	 	/s/ James A. Watt
	Name:	 	Linda Daugherty	 		 	Name:	 	James A. Watt
		 		 		 	Title:	 	President
				
	/s/ Peter W. Raish	 		 		 	
	Name:	 	Peter W. Raish	 		 		 	

  

	
	/s/ Sharon K. Barker
	Notary Public
	Seal:

  

			
	 STATE OF TEXAS
	  	§
		  	§
	 COUNTY OF HARRIS
	  	§

 This instrument was acknowledged before me the 21st day of December, 2011 by James A. Watt , President of
Dune Properties, Inc., a Texas corporation, on behalf of such corporation. 
  

	
	/s/ Sharon K. Barker
	Notary Public
	Seal: [Seal]

  
 -24-

 EXHIBIT A 
 to 
 AMENDED AND RESTATED MORTGAGE, DEED OF TRUST, 

ASSIGNMENT OF AS-EXTRACTED COLLATERAL, SECURITY AGREEMENT, 
 FIXTURE FILING AND FINANCING STATEMENT 
 Introduction 

The capitalized terms used but not defined in this Exhibit A are used as defined in the Mortgage. For purposes of this Exhibit A the
capitalized terms not defined in the Mortgage are as follows: 
  

	1.	“Working Interest” or “Gross Working Interest” and “W.I.” or “G.W.I.” means an interest owned in an oil, gas and mineral lease
that determines the cost bearing percentage of the owner of such interest. 

  

	2.	“Net Revenue Interest” or “N.R.I.” means an interest (expressed as a percentage or decimal fraction), determined net of all royalties, overriding
royalties, production payments or other burdens payable out of production, in and to all Hydrocarbons produced and saved from or attributable to a Well. In the case of any Well listed in Exhibit A, the Net Revenue Interest specified for such Well
shall mean the sum of the percentage or decimal fraction set forth after the words “Net Revenue Interest” in the portion applicable to such Well plus, in the case of any Well with respect to which a royalty interest and/or overriding
royalty is stated in this Exhibit A and applicable to such Well, the percentage or decimal fraction set forth after the words “Royalty Interest” or “Overriding Royalty Interest” in each such portion of Exhibit A.

  

	3.	“Before Payout” or “BPO” means the Working Interest and/or Net Revenue Interest of a party before the point in time when the Well has recovered from
production all costs as specified in underlying farmout, assignments or other documents in the chain of title, usually including costs of drilling, completing and equipping a well or wells plus costs of operating the well or wells during the
recoupment period. 

  

	4.	“After Payout” or “APO” means the Working Interest and/or Net Revenue Interest of a party after the point in time when the Well has recovered from
production all costs as specified in the underlying farmout, assignments or other documents in the chain of title, usually including costs of drilling, completing and equipping a well or wells plus costs of operating the well or wells during the
recoupment period. 

  

	5.	“Well” means (i) any existing well identified in Exhibit A, including replacement well drilled in lieu thereof from which gas is now or hereafter
produced and (ii) any well at any time producing or capable of producing gas attributable to the Hydrocarbons as defined above, including any well which has been shut-in, has temporarily ceased production or on which workover, reworking,
plugging and abandonment or other operations are being conducted or planned. 

  
 Exhibit
A-Page 1 

 All references contained in this Exhibit A to the Oil and Gas Properties are intended to
include references to (i) the volume or book and page, file, entry or instrument number of the appropriate records of the particular county or parish in the state where each such lease or other instrument is recorded and (ii) all valid and
existing amendments to such lease or other instrument of record in such county or parish records regardless of whether such amendments are expressly described herein. A special reference is here made to each such lease or other instrument and the
record thereof for a more particular description of the property and interests sought to be affected by the Mortgage and for all other purposes. 
 For recording purposes, in regards to each county or parish portion to this Exhibit A, this Introduction may be attached to an original executed copy of the Amended and Restated Mortgage, Deed of Trust,
Assignment of As-Extracted Collateral, Security Agreement, Fixture Filing and Financing Statement to be separately filed of record in each county or parish. 

  
 Exhibit
A-Page 2 

 ANNEX I 

1. Act of Mortgage, Fixture Filing, Assignment of As-Extracted Collateral, Security Agreement and Financing Statement from Goldking
Operating Company (predecessor of Dune Properties, Inc.), as Mortgager, for the benefit of Wells Fargo Foothill, Inc., as Mortgagee and Arranger and Administrative Agent. 

 

							
	 Parishes
	  	 Recordation
	  	Date Filed	 
	Calcasieu	  	Book 3358, Pg 333, Entry No. 2811583	  	 	05/17/07	  
	East Baton Rouge	  	Orig 391, Bndl 11951	  	 	05/17/07	  
	Iberia	  	Book 1195, Page 594, Entry No. 2007-000005535	  	 	05/16/07	  
	Iberville	  	Book 454, Entry No. 1, File No. 2222	  	 	05/17/07	  
	Jefferson Davis	  	Book 556, Page 876, File No. 628215	  	 	05/17/07	  
	Lafayette	  	File No. 2007-00021974	  	 	05/16/07	  
	Lafourche	  	Book 1257, Page 599, Inst. No. 1025662	  	 	05/16/07	  
	Plaquemines	  	Book 476, Page 549, File No. 2007-00002998	  	 	05/16/07	  
	St. Martin	  	Book 1108, Page 150, Inst. No. 399986	  	 	05/16/07	  
	St. Mary	  	Book 1125, Page 673, File No. 281805	  	 	05/16/07	  
	Terrebonne	  	Book 1981, Page 856, File No. 1266384	  			
	Vermilion	  	No. 20705758	  	 	05/16/07	  

 2. Deed of Trust, Mortgage, Fixture Filing, Assignment of As-Extracted Collateral, Security Agreement and
Financing Statement from Goldking Operating Company (predecessor of Dune Properties, Inc.), as Trustor, to Terry I. Cross, as the Trustee for the benefit of Wells Fargo Foothill, Inc. as Arranger and Administrative Agent. 

 

							
	 Counties
	  	 Recordation
	  	Date Filed	 
	Brazoria	  	No. 200727750	  	 	05/17/07	  
	Colorado	  	No. 2480. Vol. 558, Page 072	  	 	05/17/07	  
	Jackson	  	No. 65237, Vol. 304, Page 742	  	 	05/21/07	  
	Karnes	  	No. 00075268, Bk OR, Vol. 854, Page 438	  	 	05/17/07	  

 3. Deed of Trust, Mortgage, Fixture Filing, Assignment of As-Extracted Collateral, Security Agreement and
Financing Statement from Dune Energy, Inc., as Trustor, to Terry I. Cross, as the Trustee for the benefit of Wells Fargo Foothill, Inc. as Arranger and Administrative Agent. 

 

							
	 Counties
	  	 Recordation
	  	Date Filed	 
	Frio	  	No. 0118946, Vol. 0034, Page 491	  	 	05/18/07	  
	Zapata	  	No. 147326, Vol. 792, Page 281	  	 	05/17/07	  

 4. Act of Mortgage, Fixture Filing, Assignment of As-Extracted Collateral, Security
Agreement and Financing Statement from Dune Energy, Inc., as Mortgager, for the benefit of Wells Fargo Foothill, Inc., as Mortgagee and Arranger and Administrative Agent. 

 

							
	 Parishes
	  	 Recordation
	  	Date Filed	 
	St. Charles	  	Book 1213, Pg 95, File No. 330899	  	 	05/15/07

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