Document:

Exhibit

Exhibit 10.4

Restricted Stock Unit Award

DATE:    February 10, 2017                    Date of Grant:    02/10/2017

TO:    «Name»                                 xxxxx   Restricted Stock Units 
         
 
Your Restricted Stock Unit Award is subject to all the terms and provisions of the Dover Corporation("Dover") 2012 Equity and Cash Incentive Plan ("Plan"), which terms and provisions are expressly incorporated into and made a part of the award as if set forth in full herein.  Capitalized terms used but not defined herein have the meanings ascribed to them in the Plan. A copy of the Plan can be found at www.dovercorporation.com, in the Investor Information area, under SEC Filings, in the Proxy Statement filed on March 19, 2012, Appendix A.
 
In addition, your Restricted Stock Unit Award is subject to the following:
 
		
	1.
	A Restricted Stock Unit is a bookkeeping entry on the books of Dover.  No shares of Dover common stock shall be issued to you in respect of the Restricted Stock Unit Award until the restrictions have lapsed at the end of a Restricted Period.  Within 30 days following the end of the Restricted Period, Dover shall issue shares of Common Stock in your name equal to the number of Restricted Stock Units that have vested during the Restricted Period less applicable tax withholding.  In the event that your employment shall terminate prior to your vesting in the Restricted Stock Units, the Restricted Stock Units shall be forfeited.

 
		
	2.
	You shall vest in the Restricted Stock Unit Award, and all restrictions thereon shall lapse, with respect to 33% of your Restricted Stock Units on March 15, 2018 (or the first trading thereafter if such date is not a trading day), with respect to 33% of your Restricted Stock Units on March 15, 2019 (or the first trading thereafter if such date is not a trading day) and with respect to 34% of your Restricted Stock Units on March 15, 2020 (or the first trading thereafter if such date is not a trading day), subject to the forfeiture provisions of the Plan.  You must be an active employee of Dover or an affiliate at the end of the Restricted Period in order for your Restricted Stock Units to vest, with certain exceptions as provided in the Plan.    

 
		
	3.
	During the Restricted Period you shall not have any rights of a stockholder or the right to receive any dividends declared and other distributions paid with respect to the Restricted Stock Units.  Within 30 days after the end of the Restricted Period you shall be paid all Dividend Equivalents with respect to the Restricted Stock Units that have vested.

 
		
	4.
	You do not have any voting rights with respect to Restricted Stock Units.

 
		
	5.
	As a condition of receiving your Restricted Stock Unit Award, you agree to be bound by the terms and conditions of the Dover Corporation Anti-hedging and Anti-pledging Policy and by any Clawback Policy to be adopted by Dover, as such policies may be in effect from time to time.  The Anti-hedging and Anti-pledging Policy prohibits hedging or pledging any Dover equity securities held by you or certain designees, whether such Dover securities are, or have been, acquired under the Plan, another compensation plan sponsored by Dover, or otherwise.  Please review the Anti-hedging and Anti-pledging Policy to make sure that you are in compliance.  You may obtain a copy of the current version of the Anti-hedging, Anti-pledging, and any Clawback Policy to be adopted by Dover by contacting the Benefits Department at 630-541-1540.

 
		
	6.
	For Non-US Employees, your Restricted Stock Unit Award is subject to the conditions of the Addendum for Non-US Employees.

 
		
	7.
	Your Restricted Stock Unit Award is not transferable by you other than by will or the laws of descent and distribution and in accordance with the applicable terms and conditions of the Plan.

 
		
	8.
	Dover reserves the right to amend, modify, or terminate the Plan at any time in its discretion without notice.March 15, 2017

Securities and Exchange Commission

450 Fifth Street N.W.

Washington, DC 20549

 

We have read the statements of NCM Financial, Inc., pertaining to our firm included
under Item 4.01 of Form 8-K dated February 27, 2017 and agree with such statements as they pertain to our firm.

 

Sincerely,

 

/s/ KLJ & Associates, LLPEX-4.1

 Exhibit 4.1 

Execution Version 

REGISTRATION RIGHTS AND LOCK-UP AGREEMENT 

THIS REGISTRATION RIGHTS AND LOCK-UP AGREEMENT (this “Agreement”), dated as of
April 20, 2017, is by and among Parsley Energy, Inc., a Delaware corporation (the “Company”), each of the other parties listed on the signature pages attached hereto (the “Initial Holders”), and the other
Holders from time to time parties hereto. 
 RECITALS: 

WHEREAS, this Agreement is being entered into pursuant to the Contribution Agreement, dated as of February 7, 2017, by and among Double
Eagle Energy Permian Operating LLC, a Delaware limited liability company, Double Eagle Energy Permian LLC, a Delaware limited liability company, Double Eagle Energy Permian Member LLC, a Delaware limited liability company, Parsley Energy, LLC, a
Delaware limited liability company (“PE LLC”), the Company and the Contributor Representative named therein (the “Contribution Agreement”); 

WHEREAS, in connection with closing of the transactions contemplated by the Contribution Agreement, on the date hereof (i) PE LLC is
issuing to the Initial Holders 39,848,518 PE Units (such PE Units, the “Units”) in the aggregate and (ii) the Company is issuing to the Initial Holders 39,848,518 shares of Class B Common Stock (such shares of Class B
Common Stock, the “Class B Shares”) in the aggregate; and 
 WHEREAS, pursuant to the PE LLC Agreement,
the PE Units (together with the same number of shares of Class B Common Stock) may be exchanged for an equivalent number of shares of Class A Common Stock; 

NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged by each party hereto, the parties hereby agree as follows: 
 ARTICLE I 

DEFINITIONS 
 As used
herein, the following terms shall have the following respective meanings: 
 “Adoption Agreement” means an Adoption
Agreement in the form attached hereto as Exhibit A. 
 “Affiliate” means (a) as to any Person, other than an
individual Holder, any other Person who directly, or indirectly through one or more intermediaries, controls, is controlled by or is under common control with such Person and (b) as to any individual, (i) any Relative of such individual,
(ii) any trust whose primary beneficiaries are one or more of such individual and such individual’s Relatives, (iii) the legal representative or guardian of such individual or any of such individual’s Relatives if one has been
appointed and (iv) any Person controlled by one or more of such individual or any Person referred to in clauses (i), (ii) or (iii) above. As used in this 

 
definition, the term “control,” including the correlative terms “controlling,” “controlled by” and “under common control with,” means possession, directly
or indirectly, of the power to direct or cause the direction of management or policies (whether through ownership of securities or any partnership or other ownership interest, by contract or otherwise) of a Person. For the avoidance of doubt, for
purposes of this Agreement, (a) (i) the Company, on the one hand, and the Holders, on the other hand, shall not be considered Affiliates and (ii) any fund, entity or account managed, advised or
sub-advised, directly or indirectly, by a Holder or any of its Affiliates, shall be considered an Affiliate of such Holder and (b) with respect to any fund, entity or account managed, advised or sub-advised directly or indirectly, by any Holder or any of its Affiliates, the direct or indirect equity owners thereof, including limited partners of any Holder or any Affiliate thereof, shall be considered an
Affiliate of such Holder. 
 “Agreement” has the meaning set forth in the introductory paragraph. 

“Board” means the board of directors of the Company. 

“Business Day” means any day other than a Saturday, Sunday, any federal holiday or any other day on which banking
institutions in the State of Texas or the State of New York are authorized or required to be closed by law or governmental action. 

“Class A Common Stock” means the Class A common stock of the Company, par value $0.01 per share. 

“Class A Shares” means the shares of Class A Common Stock issuable upon exchange of the Units and the
Class B Shares pursuant to the terms of the PE LLC Agreement. 
 “Class B Common Stock” means the
Class B common stock of the Company, par value $0.01 per share. 
 “Class B Shares” has the meaning
set forth in the recitals. 
 “Commission” means the Securities and Exchange Commission or any successor governmental
agency. 
 “Company” has the meaning set forth in the introductory paragraph. 

“Company Securities” has the meaning set forth in Section 2.4(c)(i). 

“Contribution Agreement” has the meaning set forth in the recitals. 

“Effectiveness Period” has the meaning set forth in Section 2.1(c). 

“Indemnified Party” has the meaning set forth in Section 3.3. 

“Indemnifying Party” has the meaning set forth in Section 3.3. 

  
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 “Exchange Act” means the Securities Exchange Act of 1934, as amended, or any
successor federal statute, and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time. 

“Holder” means any record holder of Registrable Securities; provided, that a record holder of Units and Class B
Shares that may be exchanged for Registrable Securities shall be deemed to be the record holder of such Registrable Securities issuable upon such exchange for purposes of this definition and all other references in this Agreement to holding or
owning Registrable Securities. 
 “Lock-Up Expiration Date” means the date that is
91 days after the date hereof. 
 “Lock-Up Restrictions” has the meaning set forth
in Section 5.1(a). 
 “Losses” has the meaning set forth in Section 3.1. 

“Majority Holders” shall mean, at any time, the Holder or Holders of more than fifty percent (50%) of the Registrable
Securities at such time; provided, at such time as any Affiliate(s) of Post Oak Energy Capital L.P. beneficially own in excess of 20% of the Registrable Securities, “Majority Holders” shall also mean such affiliate(s) of Post Oak Energy
Capital L.P. 
 “Managing Underwriter” means, with respect to any Underwritten Offering, the lead book-running manager(s)
of such Underwritten Offering. 
 “Minimum Number of Registrable Securities” means 500,000 Registrable Securities;
provided, however, that such number of Registrable Securities shall be appropriately adjusted in connection with any event described in Section 6.4. 

“PE LLC” has the meaning set forth in the introductory paragraph. 

“PE LLC Agreement” means the Second Amended and Restated Limited Liability Company Agreement of PE LLC, dated as of
April 20, 2017, as it may be amended and/or restated from time to time. 
 “PE Units” means Units (as defined in the
PE LLC Agreement) of PE LLC having such rights, privileges and preferences of the “Units” as set forth in the PE LLC Agreement. 

“Permitted Transferee” means (a) with respect to any Initial Holder, any of the partners, shareholders or members of
such Initial Holder or any trust, family partnership or family limited liability company, the sole beneficiaries, partners or members of which are such Initial Holder or Relatives of such Initial Holder and (b) any Affiliate of a Holder, in
each case provided that such Transferee has delivered to the Company a duly executed Adoption Agreement. 
 “Person” means
any individual, corporation, partnership, limited liability company, firm, association, trust, government, governmental agency or other entity, whether acting in an individual, fiduciary or other capacity. 

“Piggybacking Holder” has the meaning set forth in Section 2.4(a). 

  
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 “Piggyback Underwritten Offering” has the meaning set forth in Section
2.4(a). 
 “Registrable Securities” shall mean (a) the Class A Shares and (b) any securities issued or
issuable with respect to the Class A Shares by way of distribution or in connection with any reorganization or other recapitalization, merger, consolidation or otherwise; provided, however, that a Registrable Security shall cease to be a
Registrable Security when (i) a Registration Statement covering such Registrable Security has become effective under the Securities Act and such Registrable Security has been disposed of pursuant to such Registration Statement, (ii) such
Registrable Security (or the Unit and Class B Share exchangeable for such Registrable Security) is disposed of under Rule 144 under the Securities Act or any other exemption from the registration requirements of the Securities Act as a result
of which the legend on any certificate or book-entry notation representing such Registrable Security (or such Unit and Class B Share) restricting transfer of such Registrable Security (or such Unit and Class B Share) has been removed, or
(iii) such Registrable Security (or Unit and Class B Share exchangeable for such Registrable Security) has been sold or disposed of in a transaction in which the Transferor’s rights under this Agreement are not assigned to the
Transferee pursuant to Section 5.3; and provided, further, that any security that has ceased to be a Registrable Security shall not thereafter become a Registrable Security and any security that is issued or
distributed in respect of securities that have ceased to be Registrable Securities shall not be a Registrable Security. 

“Registration Expenses” means all expenses incurred by the Company in complying with Article II, including, without
limitation, all registration and filing fees, printing expenses, road show expenses, fees and disbursements of counsel and independent public accountants for the Company, fees and expenses (including counsel fees) incurred in connection with
complying with state securities or “blue sky” laws, fees of the Financial Industry Regulatory Authority, Inc., and fees of transfer agents and registrars, but excluding any Selling Expenses. 

“Registration Statement” means any registration statement of the Company filed or to be filed with the Commission under the
Securities Act, including the related prospectus, amendments and supplements to such registration statement, and including pre- and post-effective amendments, and all exhibits and all material incorporated by
reference in such registration statement. 
 “Relative” means, with respect to any natural person: (a) such natural
person’s spouse, (b) any lineal descendant, parent, grandparent, great grandparent or sibling or any lineal descendant of such sibling (in each case whether by blood or legal adoption), and (c) the spouse of a natural person described
in clause (b) of this definition. 
 “Requesting Holder” has the meaning set forth in Section 2.2(a). 

“Requesting Holder Securities” has the meaning set forth in Section 2.2(c)(i). 

“Section 2.2 Maximum Number of Shares” has the meaning set forth in Section 2.2(b). 

“Section 2.4 Maximum Number of Shares” has the meaning set forth in Section 2.4(c). 

“Securities Act” means the Securities Act of 1933, as amended, or any successor federal statute, and the rules and
regulations of the Commission thereunder, all as the same shall be in effect at the time. References to any rule under the Securities Act shall be deemed to refer to any similar or successor rule or regulation. 

  
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 “Selling Expenses” means all (a) underwriting fees, discounts and selling
commissions allocable to the sale of Registrable Securities, (b) transfer taxes allocable to the sale of the Registrable Securities, (c) costs or expenses related to any roadshows conducted in connection with the marketing of any Shelf
Underwritten Offering, and (d) fees and expenses of counsel engaged by any Holders (subject to Article III). 
 “Selling
Holder” means a Holder selling Registrable Securities pursuant to a Registration Statement. 
 “Shelf Piggybacking
Holder” has the meaning set forth in Section 2.2(b). 
 “Shelf Registration Statement” has the meaning set
forth in Section 2.1(a). 
 “Shelf Underwritten Offering” has the meaning set forth in Section 2.2(a). 

“Shelf Underwritten Offering Request” has the meaning set forth in Section 2.2(a). 

“Suspension Period” has the meaning set forth in Section 2.3. 

“Transfer” means any offer, sale, pledge, encumbrance, hypothecation, entry into any contract to sell, grant of an option to
purchase, short sale, assignment, transfer, exchange, gift, bequest or other disposition, direct or indirect, in whole or in part, by operation of law or otherwise. “Transfer,” when used as a verb, and “Transferee” and
“Transferor” have correlative meanings. 
 “Underwritten Offering” means an offering (including an offering
pursuant to a Shelf Registration Statement) in which shares of Class A Common Stock are sold to an underwriter on a firm commitment basis for reoffering to the public. 

“Underwritten Offering Filing” means (a) with respect to a Shelf Underwritten Offering, a preliminary prospectus
supplement (or prospectus supplement if no preliminary prospectus supplement is used) to the Shelf Registration Statement relating to such Shelf Underwritten Offering, and (b) with respect to a Piggyback Underwritten Offering, (i) a
preliminary prospectus supplement (or prospectus supplement if no preliminary prospectus supplement is used) to an effective shelf Registration Statement (other than the Shelf Registration Statement) in which Registrable Securities could be included
and Holders could be named as selling security holders without the filing of a post-effective amendment thereto (other than a post-effective amendment that becomes effective upon filing) or (ii) a Registration Statement (other than the Shelf
Registration Statement), in each case relating to such Piggyback Underwritten Offering. 
 “WKSI” means a well-known
seasoned issuer (as defined in Rule 405 under the Securities Act). 

  
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 ARTICLE II 

REGISTRATION RIGHTS 

Section 2.1 Shelf Registration. 

(a) The Company shall, as soon as practicable after the date hereof, but in any event within 10 Business Days after the date hereof, file a
Registration Statement (the “Shelf Registration Statement”) under the Securities Act to permit the public resale of all the Registrable Securities by the Holders from time to time as permitted by Rule 415 under the Securities Act
and shall use commercially reasonable efforts to cause such Registration Statement to become or be declared effective as soon as practicable after the filing thereof, including by filing an automatic shelf registration statement that becomes
effective upon filing with the Commission in accordance with Rule 462(e) under the Securities Act to the extent the Company is then a WKSI, but in any event no later than the Lock-Up Expiration Date. Following
the effective date of the Shelf Registration Statement, the Company shall notify the Holders of the effectiveness of such Registration Statement. 

(b) The Shelf Registration Statement shall be on Form S-3 or, if Form
S-3 is not then available to the Corporation, on Form S-1 or such other form of registration statement as is then available to effect a registration for resale of such
Registrable Securities and shall contain a prospectus in such form as to permit any Holder to sell such Registrable Securities pursuant to Rule 415 under the Securities Act (or any successor or similar rule adopted by the Commission then in effect)
at any time beginning on the effective date for such Registration Statement. The Shelf Registration Statement shall provide for the resale pursuant to any method or combination of methods legally available to the Holders and requested by the
Majority Holders. 
 (c) The Company shall use commercially reasonable efforts to cause the Shelf Registration Statement to remain effective,
and to be supplemented and amended to the extent necessary to ensure that the Shelf Registration Statement is available or, if not available, that another Registration Statement is available, for the resale of all the Registrable Securities by the
Holders until all of the Registrable Securities have ceased to be Registrable Securities or the earlier termination of this Agreement (as to all Holders) pursuant to Section 6.1 (the “Effectiveness
Period”). 
 (d) When effective, the Shelf Registration Statement (including the documents incorporated therein by reference) will
comply as to form in all material respects with all applicable requirements of the Securities Act and the Exchange Act and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or
necessary to make the statements therein not misleading (in the case of any prospectus contained in the Shelf Registration Statement, in the light of the circumstances under which such statements are made). 

Section 2.2 Underwritten Shelf Offering Requests. 

(a) In the event that any Holder or group of Holders elects to dispose of Registrable Securities under a Registration Statement pursuant to an
Underwritten Offering and reasonably expects gross proceeds of at least $150 million from such Underwritten Offering 

  
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(including proceeds attributable to any Registrable Securities included in such Underwritten Offering by any Shelf Piggybacking Holders), the Company shall, at the request (a “Shelf
Underwritten Offering Request”) of such Holder or Holders (in such capacity, a “Requesting Holder”), enter into an underwriting agreement in a form as is customary in Underwritten Offerings of securities by the Company with
the underwriter or underwriters selected pursuant to Section 2.2(d) and shall take all such other reasonable actions as are requested by the Managing Underwriter of such Underwritten Offering and/or the Requesting Holders in order to expedite
or facilitate the disposition of such Registrable Securities and, subject to Section 2.2(c), the Registrable Securities requested to be included by any Shelf Piggybacking Holder (a “Shelf Underwritten Offering”); provided,
however, that the Company shall have no obligation to facilitate or participate in more than two Shelf Underwritten Offerings during any twelve-month period (and no more than one Shelf Underwritten Offering in any
90-day period). 
 (b) If the Company receives a Shelf Underwritten Offering Request, it will give
written notice of such proposed Shelf Underwritten Offering to each Holder (other than the Requesting Holder) that, together with such Holder’s Affiliates, holds at least the Minimum Number of Registrable Securities, which notice shall be held
in strict confidence by such Holders and shall include the anticipated filing date of the related Underwritten Offering Filing and, if known, the number of shares of Class A Common Stock that are proposed to be included in such Shelf
Underwritten Offering, and of such Holders’ rights under this Section 2.2(b). Such notice shall be given promptly (and in any event at least five Business Days before the filing of the Underwritten Offering Filing or two Business Days
before the filing of the Underwritten Offering Filing in connection with a bought or overnight Underwritten Offering); provided, that if the Shelf Underwritten Offering is a bought or overnight Underwritten Offering and the Managing
Underwriter advises the Company and the Requesting Holder that the giving of notice pursuant to this Section 2.2(b) would adversely affect the offering, no such notice shall be required (and such Holders shall have no right to include
Registrable Securities in such bought or overnight Underwritten Offering); and provided further, that the Company shall not so notify any such other Holder that has notified the Company (and not revoked such notice) requesting that such
Holder not receive notice from the Company of any proposed Shelf Underwritten Offering. Each such Holder shall then have four Business Days (or one Business Day in the case of a bought or overnight Underwritten Offering) after the date on which the
Holders received notice pursuant to this Section 2.2(b) to request inclusion of Registrable Securities in the Shelf Underwritten Offering (which request shall specify the maximum number of Registrable Securities intended to be disposed of by
such Holder and such other information as is reasonably required to effect the inclusion of such Registrable Securities) (any such Holder making such request, a “Shelf Piggybacking Holder”). If no request for inclusion from a Holder
is received within such period, such Holder shall have no further right to participate in such Shelf Underwritten Offering. 
 (c) If the
Managing Underwriter of the Shelf Underwritten Offering shall inform the Company and the Requesting Holders in writing, with a copy to be provided upon request to any Shelf Piggybacking Holder, of its belief that the number of Registrable Securities
requested to be included in such Shelf Underwritten Offering by the Shelf Piggybacking Holders (and any other shares of Class A Common Stock requested to be included by any other Persons having registration rights with respect to such
offering), when added to the number of Registrable Securities proposed to be offered by the Requesting Holders, would materially 

  
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adversely affect such offering, then the Company shall include in the applicable Underwritten Offering Filing, to the extent of the total number of Registrable Securities that the Company is so
advised can be sold in such Shelf Underwritten Offering without so materially adversely affecting such offering (the “Section 2.2 Maximum Number of Shares”), Registrable Securities in the following priority: 

(i) First, all Registrable Securities that the Requesting Holder and Shelf Piggybacking Holders requested to be included therein (the
“Requesting Holder and Shelf Piggybacking Holders Securities”) (pro rata among the Requesting Holders and Shelf Piggybacking Holders based on the number of Registrable Securities each requested to be included; and 

(ii) Second, to the extent that the number of Requesting Holder and Shelf Piggybacking Holders Securities is less than the Section 2.2
Maximum Number of Shares, the Class A Common Stock requested to be included by any other Persons having registration rights with respect to such offering, pro rata among such other Persons based on the number of Class A Common Stock
each requested to be included. 
 (d) The Company shall propose three or more nationally prominent firms of investment bankers reasonably
acceptable to the Company to act as the Managing Underwriter or as other underwriters in connection with such Shelf Underwritten Offering from which the holders of more than 50% of the Registrable Securities to be so offered shall select the
Managing Underwriter and the other underwriters. The Requesting Holders shall determine the pricing of the Registrable Securities offered pursuant to any Shelf Underwritten Offering and the applicable underwriting discounts and commissions and
determine the timing of any such Shelf Underwritten Offering, subject to Section 2.3. 

Section 2.3 Delay and Suspension Rights. Notwithstanding any other provision of this Agreement, the
Company may (i) delay filing or effectiveness of a Shelf Registration Statement (or any amendment thereto) or effecting a Shelf Underwritten Offering or (ii) suspend the Holders’ use of any prospectus that is a part of a Shelf
Registration Statement upon written notice to each Holder whose Registrable Securities are included in such Shelf Registration Statement (provided that in no event shall such notice contain any material
non-public information regarding the Company) (in which event such Holder shall discontinue sales of Registrable Securities pursuant to such Registration Statement but may settle any then-contracted sales of
Registrable Securities), in each case for a period of up to 60 days, if the Board determines (A) that such delay or suspension is in the best interest of the Company and its stockholders generally due to a pending financing or other transaction
involving the Company, including a proposed sale of Class A Common Stock pursuant to a Company Registration, (B) that such registration or offering would render the Company unable to comply with applicable securities laws or (C) that
such registration offering would require disclosure of material information that the Company has a bona fide business purpose for preserving as confidential (any such period, a “Suspension Period”); provided, however,
that in no event shall any Suspension Periods collectively exceed an aggregate of 120 days in any twelve-month period. 

  
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 Section 2.4 Piggyback Registration Rights. 

(a) Subject to Section 2.4(c), if the Company at any time proposes to file an Underwritten Offering Filing for an Underwritten Offering
of shares of Class A Common Stock for its own account or for the account of any other Persons who have or have been granted registration rights (a “Piggyback Underwritten Offering”), it will give written notice of such
Piggyback Underwritten Offering to each Holder that, together with such Holder’s Affiliates, holds at least the Minimum Number of Registrable Securities, which notice shall be held in strict confidence by such Holders and shall include the
anticipated filing date of the Underwritten Offering Filing and, if known, the number of shares of Class A Common Stock that are proposed to be included in such Piggyback Underwritten Offering, and of such Holders’ rights under this
Section 2.4(a). Such notice shall be given promptly (and in any event at least five Business Days before the filing of the Underwritten Offering Filing or two Business Days before the filing of the Underwritten Offering Filing in connection
with a bought or overnight Underwritten Offering); provided, that if the Piggyback Underwritten Offering is a bought or overnight Underwritten Offering and the Managing Underwriter advises the Company that the giving of notice pursuant to
this Section 2.4(a) would adversely affect the offering, no such notice shall be required (and such Holders shall have no right to include Registrable Securities in such bought or overnight Underwritten Offering). Each such Holder shall then
have four Business Days (or one Business Day in the case of a bought or overnight Underwritten Offering) after the date on which the Holders received notice pursuant to this Section 2.4(a) to request inclusion of Registrable Securities in the
Piggyback Underwritten Offering (which request shall specify the maximum number of Registrable Securities intended to be disposed of by such Holder and such other information as is reasonably required to effect the inclusion of such Registrable
Securities) (any such Holder making such request, a “Piggybacking Holder”). If no request for inclusion from a Holder is received within such period, such Holder shall have no further right to participate in such Piggyback
Underwritten Offering. Subject to Section 2.4(c), the Company shall use its commercially reasonable efforts to include in the Piggyback Underwritten Offering all Registrable Securities that the Company has been so requested to include by the
Piggybacking Holders; provided, however, that if, at any time after giving written notice of a proposed Piggyback Underwritten Offering pursuant to this Section 2.4(a) and prior to the execution of an underwriting agreement with
respect thereto, the Company or such other Persons who have or have been granted registration rights, as applicable, shall determine for any reason not to proceed with or to delay such Piggyback Underwritten Offering, the Company shall give written
notice of such determination to the Piggybacking Holders (which such Holders will hold in strict confidence) and (i) in the case of a determination not to proceed, shall be relieved of its obligation to include any Registrable Securities in
such Piggyback Underwritten Offering (but not from any obligation of the Company to pay the Registration Expenses in connection therewith), and (ii) in the case of a determination to delay, shall be permitted to delay inclusion of any
Registrable Securities for the same period as the delay in including the shares of Class A Common Stock to be sold for the Company’s account or for the account of such other Persons who have or have been granted registration rights, as
applicable. 
 (b) Each Holder shall have the right to withdraw its request for inclusion of its Registrable Securities in any Piggyback
Underwritten Offering at any time prior to the execution of an underwriting agreement with respect thereto by giving written notice to the Company of its request to withdraw. Any Holder may deliver written notice (an “Opt-Out Notice”) to the 

  
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Company requesting that such Holder not receive notice from the Company of any proposed Piggyback Underwritten Offering; provided, however, that such Holder may later revoke any such Opt-Out Notice in writing. Following receipt of an Opt-Out Notice from an Holder (unless subsequently revoked), the Company shall not, and shall not be required to, deliver
any notice to such Holder pursuant to this Section 2.4 and such Holder shall no longer be entitled to participate in any Piggyback Underwritten Offering. 

(c) If the Managing Underwriter of the Piggyback Underwritten Offering shall inform the Company, of its belief that the number of Registrable
Securities requested to be included in such Piggyback Underwritten Offering, when added to the number of shares of Class A Common Stock proposed to be offered by the Company or such other Persons who have or have been granted registration
rights (and any other shares of Class A Common Stock requested to be included by any other Persons having registration rights on parity with the Piggybacking Holders with respect to such offering), would materially adversely affect such
offering, then the Company shall include in such Piggyback Underwritten Offering, to the extent of the total number of securities which the Company is so advised can be sold in such offering without so materially adversely affecting such offering
(the “Section 2.4 Maximum Number of Shares”), shares of Class A Common Stock in the following priority: 

(i) First, if the Piggyback Underwritten Offering is for the account of the Company, all shares of Class A Common Stock that the Company
proposes to include for its own account (the “Company Securities”) or, if the Piggyback Underwritten Offering is for the account of any other Persons who have or have been granted registration rights, all shares of Class A
Common Stock that such Persons propose to include (the “Other Securities”); and 
 (ii) Second, if the Piggyback
Underwritten Offering is for the account of the Company, to the extent that the number of Company Securities is less than the Section 2.4 Maximum Number of Shares, the shares of Class A Common Stock requested to be included by the
Piggybacking Holders and holders of any other shares of Class A Common Stock requested to be included by Persons having rights of registration on parity with the Piggybacking Holders with respect to such offering, pro rata among the
Piggybacking Holders and such other holders based on the number of shares of Class A Common Stock each requested to be included and, if the Piggyback Underwritten Offering is for the account of any other Persons who have or have been granted
registration rights, to the extent that the number of Other Securities is less than the Section 2.4 Maximum Number of Shares, the shares of Class A Common Stock requested to be included by the Piggybacking Holders, pro rata among
the Piggybacking Holders. 
 (d) The Company or other Persons who have or have been granted registration rights, as applicable, shall select
the underwriters in any Piggyback Underwritten Offering and shall determine the pricing of the shares of Class A Common Stock offered pursuant to any Piggyback Underwritten Offering, the applicable underwriting discounts and commissions and the
timing of any such Piggyback Underwritten Offering. 

  
 10 

 Section 2.5 Participation in Underwritten Offerings. 

(a) In connection with any Underwritten Offering contemplated by Section 2.2 or
Section 2.4, the underwriting agreement into which each Selling Holder and the Company shall enter into shall contain such representations, covenants, indemnities (subject to Article III) and other rights and
obligations as are customary in Underwritten Offerings of securities by the Company. No Selling Holder shall be required to make any representations or warranties to or agreements with the Company or the underwriters other than representations,
warranties or agreements regarding such Selling Holder’s authority to enter into such underwriting agreement and to sell, and its ownership of, the securities being registered on its behalf, its intended method of distribution and any other
representation required by law. 
 (b) Any participation by Holders in a Piggyback Underwritten Offering shall be in accordance with the plan
of distribution of the Company. 
 (c) In connection with any Piggyback Underwritten Offering in which any Holder has the right to include
Registrable Securities pursuant to Section 2.4, such Holder agrees (A) to supply any information reasonably requested by the Company in connection with the preparation of a Registration Statement and/or any other
documents relating to such registered offering and (B) to execute and deliver any agreements and instruments being executed by all holders on substantially the same terms reasonably requested by the Company or the Managing Underwriter, as
applicable, to effectuate such registered offering, including, without limitation, underwriting agreements (subject to Section 2.5(a)), custody agreements, lock-ups, “hold back” agreements
pursuant to which such Holder agrees not to sell or purchase any securities of the Company for the same period of time following the registered offering as is agreed to by the Company and the other participating holders, powers of attorney and
questionnaires. 
 (d) If the Company or Managing Underwriter, as applicable, requests that the Holders take any of the actions referred to
in paragraph (B) of Section 2.5(c), the Holders shall take such action promptly but in any event within three (3) Business Days following the date of such request. 

Section 2.6 Registration Procedures. 

(a) In connection with its obligations under this Article II, the Company will: 

(i) promptly prepare and file with the Commission such amendments and supplements to such Registration Statement and the prospectus used in
connection therewith as may be necessary to keep such Registration Statement effective and to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such Registration Statement until such time
as all of such securities have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof set forth in such Registration Statement; 

(ii) furnish to each Selling Holder such number of conformed copies of such Registration Statement and of each such amendment and supplement
thereto (in each case including without limitation all exhibits), such number of copies of the prospectus contained in such Registration Statement (including without limitation each preliminary prospectus and any summary prospectus) and any other
prospectus filed under Rule 424 under the Securities Act, in conformity with the requirements of the Securities Act, and such other documents, as such seller may reasonably request; 

  
 11 

 (iii) if applicable, use commercially reasonable efforts to register or qualify all Registrable
Securities and other securities covered by such Registration Statement under such other securities or blue sky laws of such jurisdictions as each seller thereof shall reasonably request, to keep such registration or qualification in effect for so
long as such Registration Statement remains in effect, and to take any other action which may be reasonably necessary or advisable to enable such seller to consummate the disposition in such jurisdictions of the securities owned by such seller,
except that the Company shall not for any such purpose be required to qualify generally to do business as a foreign corporation in any jurisdiction wherein it would not but for the requirements of this clause (iii) be obligated to be so
qualified or to consent to general service of process in any such jurisdiction; 
 (iv) in connection with an Underwritten Offering, use all
commercially reasonable efforts to provide to each Selling Holder a copy of any auditor “comfort” letters, customary legal opinions or reports of the independent petroleum engineers of the Company relating to the oil and gas reserves of
the Company, in each case that have been provided to the Managing Underwriter in connection with the Underwritten Offering; 
 (v) promptly
notify each Selling Holder, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such
Registration Statement, as then in effect, includes an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances
under which they were made, and at the request of any such seller promptly prepare and furnish to such seller a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to
the purchasers of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the
circumstances under which they were made; 
 (vi) otherwise use its commercially reasonable efforts to comply with all applicable rules and
regulations of the Commission, and make available to its security holders, as soon as reasonably practicable, an earnings statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act, and shall furnish to
each such seller at least the Business Day prior to the filing thereof a copy of any amendment or supplement to such Registration Statement or prospectus; 

(vii) provide and cause to be maintained a transfer agent and registrar for all Registrable Securities covered by such Registration Statement
from and after a date not later than the effective date of such Registration Statement; 
 (viii) cause all Registrable Securities covered
by such Registration Statement to be listed on any securities exchange on which the Class A Common Stock is then listed; and 

  
 12 

 (ix) enter into such customary agreements and take such other actions as the Holder or Holders
shall reasonably request in order to expedite or facilitate the disposition of such Registrable Securities. 
 (b) Each Holder agrees by
acquisition of such Registrable Securities that upon receipt of any notice from the Company of the happening of any event of the kind described in Section 2.6(a)(v), such Holder will forthwith discontinue such Holder’s disposition of
Registrable Securities pursuant to the Registration Statement until such Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 2.6(a)(v) as filed with the Commission or until it is advised in
writing by the Company that the use of such Registration Statement may be resumed, and, if so directed by the Company, will deliver to the Company (at the Company’s expense) all copies, other than permanent file copies, then in such
Holder’s possession of the prospectus relating to such Registrable Securities current at the time of receipt of such notice. The Company may provide appropriate stop orders to enforce the provisions of this Section 2.6(b). 

Section 2.7 Cooperation by Holders. The Company shall have no obligation to include Registrable
Securities of a Holder in any Registration Statement or Underwritten Offering if such Holder has failed to timely furnish such information that the Company determines, after consultation with its counsel, is reasonably required in order for any
registration statement or prospectus supplement, as applicable, to comply with the Securities Act. 
 Section 2.8
Restrictions on Public Sale by Holders. Each Holder agrees not to effect any public sale or distribution of Registrable Securities for a period of up to 30 days following completion of an Underwritten Offering of equity securities
by the Company; provided that (i) the Company gives written notice to such Holder of the date of the commencement and termination of such period with respect to any such Underwritten Offering and (ii) the duration of the foregoing
restrictions shall be no longer than the duration of the shortest restriction generally imposed by the underwriters of such public sale or distribution on the Company or on the officers or directors or any other shareholder of the Company on whom a
restriction is imposed; provided further, that this Section 2.8 shall not apply to any Holder that, (i) together with such Holder’s Affiliates, holds less than 5% of the Company’s outstanding
Class A Common Stock or (ii) has delivered (and not revoked) an Opt-Out Notice to the Company. 

Section 2.9 Expenses. The Company shall be responsible for all Registration Expenses incident to its
performance of or compliance with its obligations under this Article II. Each Selling Holder shall pay its pro rata share of all Selling Expenses in connection with any sale of its Registrable Securities hereunder. 

Section 2.10 Other Registration Rights. From and after the date hereof, the Company shall not, without
the prior written consent of the Majority Holders, enter into any agreement with any current or future holder of any securities of the Company that would allow such current or future holder to require the Company to include securities in any
registration statement filed by the Company for such Holders on a basis other than pari passu with, or expressly subordinate to, the piggyback rights of the Holders hereunder; provided, that in no event shall the Company enter into any
agreement that would permit another holder of securities of the Company to participate on a pari passu basis (in terms of priority of cut-back based on advice of

  
 13 

 
underwriters) with a Requesting Holder in a Shelf Underwritten Offering. The Holders acknowledge that the piggyback rights with respect to shares of Class A Common Stock granted to certain
persons pursuant to the Amended and Restated Registration Rights Agreement dated May 29, 2014, as amended, by and among the Company, PE LLC and the Owners (as defined therein) shall rank pari passu with the piggyback rights of the
Holders hereunder. 
 ARTICLE III 

INDEMNIFICATION AND CONTRIBUTION 

Section 3.1 Indemnification by the Company. The Company will indemnify and hold harmless each Selling
Holder, its officers and directors and each Person (if any) that controls such Holder within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act from and against any and all losses, claims, damages,
liabilities, costs and expenses (including attorneys’ fees) (“Losses”) caused by, arising out of, resulting from or related to any untrue statement or alleged untrue statement of a material fact contained in any Registration
Statement or prospectus relating to the Registrable Securities (as amended or supplemented if the Company shall have furnished any amendments or supplements thereto) or any preliminary prospectus, or any omission or alleged omission to state therein
a material fact required to be stated therein or necessary to make the statements therein not misleading (in the case of any prospectus, in the light of the circumstances under which such statement is made), provided, however, that such
indemnity shall not apply to that portion of such Losses caused by, or arising out of, any untrue statement, or alleged untrue statement or any such omission or alleged omission, to the extent such statement or omission was made in reliance upon and
in conformity with information furnished in writing to the Company by or on behalf of such Holder expressly for use therein. 

Section 3.2 Indemnification by the Holders. Each Holder agrees to indemnify and hold harmless the
Company, its officers and directors and each Person (if any) that controls the Company within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act from and against any and all Losses caused by, arising
out of, resulting from or related to any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement or prospectus relating to Registrable Securities (as amended or supplemented if the Company shall have
furnished any amendments or supplements thereto) or any preliminary prospectus, or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading (in the
case of any prospectus, in the light of the circumstances under which such statement is made), only to the extent such statement or omission was made in reliance upon and in conformity with information furnished in writing by or on behalf of such
Holder expressly for use in any Registration Statement or prospectus relating to the Registrable Securities, or any amendment or supplement thereto, or any preliminary prospectus. 

Section 3.3 Indemnification Procedures. In case any proceeding (including any governmental
investigation) shall be instituted involving any Person in respect of which indemnity may be sought pursuant to Section 3.1 or Section 3.2, such Person (the “Indemnified Party”)
shall promptly notify the Person against whom such indemnity may be sought (the “Indemnifying Party”) in writing (provided that the failure of the Indemnified Party to give notice as provided herein shall not relieve the
Indemnifying Party of its obligations under this 

  
 14 

 
Article III, except to the extent the Indemnifying Party is actually prejudiced by such failure to give notice), and the Indemnifying Party shall be entitled to participate in such
proceeding and, unless in the reasonable opinion of outside counsel to the Indemnified Party a conflict of interest between the Indemnified Party and Indemnifying Party may exist in respect of such claim, to assume the defense thereof jointly with
any other Indemnifying Party similarly notified, to the extent that it chooses, with counsel reasonably satisfactory to such Indemnified Party, and after notice from the Indemnifying Party to such Indemnified Party that it so chooses, the
Indemnifying Party shall not be liable to such Indemnified Party for any legal or other expenses subsequently incurred by such Indemnified Party in connection with the defense thereof other than reasonable costs of investigation; provided, however,
that (i) if the Indemnifying Party fails to assume the defense or employ counsel reasonably satisfactory to the Indemnified Party, (ii) if such Indemnified Party who is a defendant in any action or proceeding which is also brought against
the Indemnifying Party reasonably shall have concluded that there may be one or more legal defenses available to such Indemnified Party which are not available to the Indemnifying Party or (iii) if representation of both parties by the same
counsel is otherwise inappropriate under applicable standards of professional conduct then, in any such case, the Indemnified Party shall have the right to assume or continue its own defense as set forth above (but with no more than one firm of
counsel for all Indemnified Parties in each jurisdiction, except to the extent any Indemnified Party or Parties reasonably shall have concluded that there may be legal defenses available to such party or parties which are not available to the other
Indemnified Parties or to the extent representation of all Indemnified Parties by the same counsel is otherwise inappropriate under applicable standards of professional conduct) and the Indemnifying Party shall be liable for any expenses therefor.
No Indemnifying Party shall, without the written consent of the Indemnified Party, effect the settlement or compromise of, or consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which
indemnification or contribution may be sought hereunder (whether or not the Indemnified Party is an actual or potential party to such action or claim) unless such settlement, compromise or judgment (A) includes an unconditional release of the
Indemnified Party from all liability arising out of such action or claim and (B) does not include a statement as to, or an admission of, fault, culpability or a failure to act, by or on behalf of any Indemnified Party. 

Section 3.4 Contribution. 

(a) If the indemnification provided for in this Article III is unavailable to an Indemnified Party in respect of any losses, claims,
damages or liabilities in respect of which indemnity is to be provided hereunder, then each Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall to the fullest extent permitted by law contribute to the amount paid or payable by
such Indemnified Party as a result of such losses, claims, damages or liabilities in such proportion as is appropriate to reflect the relative fault of such party in connection with the statements or omissions that resulted in such losses, claims,
damages or liabilities, as well as any other relevant equitable considerations. The relative fault of the Company (on the one hand) and an Holder (on the other hand) shall be determined by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by such party and the parties’ relative intent, knowledge, access to information and opportunity to correct
or prevent such statement or omission. 

  
 15 

 (b) The Company and each Holder agree that it would not be just and equitable if contribution
pursuant to this Article III were determined by pro rata allocation or by any other method of allocation that does not take account of the equitable considerations referred to in Section 3.4(a). The amount paid or payable by an
Indemnified Party as a result of the losses, claims, damages or liabilities referred to in Section 3.4(a) shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such
Indemnified Party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Article III, no Holder shall be liable for indemnification or contribution pursuant to this Article III
for any amount in excess of the net proceeds of the offering received by such Holder, less the amount of any damages which such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged
omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. 

ARTICLE IV 
 RULE 144

 With a view to making available the benefits of certain rules and regulations of the Commission that may permit the resale of the
Registrable Securities without registration, the Company agrees to use its commercially reasonable efforts to: 
 (a) make and keep public
information regarding the Company available, as those terms are understood and defined in Rule 144 under the Securities Act, at all times from and after the date hereof; 

(b) file with the Commission in a timely manner all reports and other documents required of the Partnership under the Securities Act and the
Exchange Act at all times from and after the date hereof; and 
 (c) so long as a Holder owns any Registrable Securities, furnish (i) to
the extent accurate, forthwith upon request, a written statement of the Company that it has complied with the reporting requirements of Rule 144 under the Securities Act and (ii) unless otherwise available via the Commission’s EDGAR filing
system, to such Holder forthwith upon request a copy of the most recent annual or quarterly report of the Company, and such other reports and documents so filed as such Holder may reasonably request in availing itself of any rule or regulation of
the Commission allowing such Holder to sell any such securities without registration. 
 ARTICLE V 

RESTRICTIONS ON TRANSFER; LEGENDS; TRANSFER OF RIGHTS 

Section 5.1 Restrictions on Transfer. 

(a) Each Holder agrees that, prior to the Lock-Up Expiration Date, without the prior written consent of
the Company, it will not directly or indirectly Transfer all or any part of the Units, the Class B Shares or the Class A Shares or any right or economic interest pertaining thereto, including the right to vote or consent on any matter or
to receive or have any economic interest in PE LLC or the Company pursuant thereto (the foregoing restrictions are hereinafter referred to as the “Lock-Up Restrictions”). 

  
 16 

 (b) Notwithstanding the foregoing, the Lock-Up
Restrictions shall not apply to (A) any Transfer to a Permitted Transferee, (B) any exchange of Units and Class B Shares for Class A Shares pursuant to the terms of the PE LLC Agreement, or (C) any Transfer pursuant to any
merger, consolidation or other business combination of the Company. 
 Section 5.2 Share Legend. 

(a) Each certificate or book-entry notation representing the Units, the Class B Shares or the Class B Shares shall (unless otherwise
permitted by the provisions of Section 5.2(b)) bear a legend in substantially the following form: 
 THE SECURITIES REPRESENTED BY
THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM. 

(b) The legend on any shares of Class A Common Stock covered by this Agreement shall be removed if (A) such shares of Class A
Common Stock are sold pursuant to an effective registration statement, (B) a registration statement covering the resale of such shares of Class A Common Stock is effective under the Securities Act and the applicable holder of such share of
Class A Common Stock delivers to the Company a representation letter agreeing that such shares of Class A Common Stock will be sold under such effective registration statement, (C) if such shares of Class A Common Stock may be
sold by the holder thereof free of restrictions pursuant to Rule 144(b) under the Securities Act, or (D) such shares of Class A Common Stock are being sold, assigned or otherwise transferred pursuant to Rule 144 under the Securities Act;
provided, that with respect to clause (C) or (D) above, the holder of such shares of Class A Common Stock has provided all necessary documentation and evidence (which may include an opinion of counsel) as may reasonably be required by the
Company to confirm that the legend may be removed under applicable securities law. The Company shall cooperate with the applicable holder of Class A Common Stock covered by this Agreement to effect removal of the legend on such shares pursuant
to this Section 5.2(b) as soon as reasonably practicable after delivery of notice from such holder that the conditions to removal are satisfied (together with any documentation required to be delivered by such holder pursuant to the
immediately preceding sentence). The Company shall bear all direct costs and expenses associated with the removal of a legend pursuant to this Section 5.2(b); provided, that the applicable holder shall be responsible for all legal fees
and expenses of counsel incurred by such holder with respect to delivering the legal opinion to the Company. 

Section 5.3 Transfer of Rights. The rights to registration and other rights under this Agreement may
be assigned to a Transferee of Registrable Securities if (i) such Transferee is a Permitted Transferee or (ii) such Transferee is acquiring at least the Minimum Number of Registrable Securities and such Transferee has delivered to the
Company a duly executed Adoption Agreement. 

  
 17 

 ARTICLE VI 

MISCELLANEOUS 

Section 6.1 Termination. This Agreement shall terminate, and the parties shall have no further rights
or obligations hereunder on (a) the tenth anniversary of the date hereof or (b) as to any Holder, on such earlier date on which both (i) such Holder, together with such Holder’s Affiliates, owns less than 2,000,000 Registrable
Securities and (ii) all Registrable Securities owned by such Holder and such Holder’s Affiliates may be sold without restriction pursuant to Rule 144 under the Securities Act. 

Section 6.2 Severability. If any provision of this Agreement shall be determined to be illegal and
unenforceable by any court of law, the remaining provisions shall be severable and enforceable in accordance with their terms. 

Section 6.3 Governing Law; Waiver of Jury Trial. 

(a) This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to principles of
conflicts of laws that would direct the application of the laws of another jurisdiction. 
 (b) THE PARTIES HEREBY WAIVE TRIAL BY JURY IN ANY
ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY ANY PARTY AGAINST ANOTHER IN ANY MATTER WHATSOEVER ARISING OUT OF OR IN RELATION TO OR IN CONNECTION WITH THIS AGREEMENT. FURTHER, NOTHING HEREIN SHALL DIVEST A COURT OF COMPETENT JURISDICTION OF THE
RIGHT AND POWER TO GRANT A TEMPORARY RESTRAINING ORDER, TO GRANT TEMPORARY INJUNCTIVE RELIEF, OR TO COMPEL SPECIFIC PERFORMANCE OF ANY DECISION OF AN ARBITRAL TRIBUNAL MADE PURSUANT TO THIS PROVISION. 

Section 6.4 Adjustments Affecting Registrable Securities. The provisions of this Agreement shall apply
to any and all shares of capital stock of the Company or any successor or assignee of the Company (whether by merger, consolidation, sale of assets or otherwise) which may be issued in respect of, in exchange for or in substitution for the
Class A Shares, by reason of any stock dividend, split, reverse split, combination, recapitalization, reclassification, merger, consolidation or otherwise in such a manner and with such appropriate adjustments as to reflect the intent and
meaning of the provisions hereof and so that the rights, privileges, duties and obligations hereunder shall continue with respect to the capital stock of the Company as so changed. 

Section 6.5 Binding Effects; Benefits of Agreement. This Agreement shall be binding upon and inure to
the benefit of the Company and its successors and assigns and each Holder and its successors and assigns. Except as provided in Section 5.3, neither this Agreement nor any of the rights, benefits or obligations hereunder
may be assigned or transferred, by operation of law or otherwise, by any Holder without the prior written consent of the Company. 

  
 18 

 Section 6.6 Notices. All notices or other communications
which are required or permitted hereunder shall be in writing and shall be deemed to have been given if (i) personally delivered or sent by telecopier, (ii) sent by nationally recognized overnight courier or (iii) sent by registered
or certified mail, postage prepaid, return receipt requested, addressed as follows: 
  

	 	(a)	If to the Company, to: 

 Parsley Energy, Inc. 

303 Colorado Street 
 Suite 3000

 Attention: Colin Roberts, Executive Vice President – General Counsel 

Telephone: (737) 704-2315 

Email: croberts@parsleyenergy.com 

with copies to: 
 Bracewell LLP

 711 Louisiana Street, Suite 2300 

Houston, Texas 77002 

Attention: W. James McAnelly III 

Telephone: 713-221-1194 

Email: James.McAnelly@bracewelllaw.com 

(b) If to an Initial Holder, to the address of such Initial Holder as it appears on such Initial Holder’s signature page attached hereto
or such other address as may be designated in writing by such Holder; and 
 (c) If to any other Holders, to their respective addresses set
forth on the applicable Adoption Agreement; 
 or to such other address as the party to whom notice is to be given may have furnished to such other party in
writing in accordance herewith. Any such communication shall be deemed to have been received (a) when delivered, if personally delivered or sent by telecopier, (b) the next Business Day after delivery, if sent by nationally recognized,
overnight courier and (c) on the third (3rd) Business Day following the date on which the piece of mail containing such communication is posted, if sent by first-class mail. 

Section 6.7 Modification; Waiver. This Agreement may be amended, modified or supplemented only by a
written instrument duly executed by the Company and the Majority Holders. No course of dealing between the Company and the Holders (or any of them) or any delay in exercising any rights hereunder will operate as a waiver of any rights of any party
to this Agreement. The failure of any party to enforce any of the provisions of this Agreement will in no way be construed as a waiver of such provisions and will not affect the right of such party thereafter to enforce each and every provision of
this Agreement in accordance with its terms. 
 Section 6.8 Entire Agreement. Except as otherwise
expressly provided herein, this Agreement constitutes the entire agreement among the parties pertaining to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings of the parties in connection therewith.

  
 19 

 Section 6.9 Counterparts. This Agreement may be executed
in any number of counterparts, and each such counterpart shall be deemed to be an original instrument, but all such counterparts taken together shall constitute but one agreement. 

[signature page follows] 
  

  
 20 

 IN WITNESS WHEREOF, each of the Parties has caused this Agreement to be executed by its
undersigned duly authorized representative as of the date first written above. 
  

			
	PARSLEY ENERGY, INC.
		
	By:	 	 /s/ Bryan Sheffield

	Name:	 	Bryan Sheffield
	Title:	 	Chief Executive Officer

  
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	 ANRP DOUBLE EAGLE ENERGY

HOLDINGS II, L.P.

		
	By:	 	 Apollo ANRP Advisors (APO DC),
 L.P., its
General Partner

		
	By:	 	 Apollo ANRP Advisors (APO DC-GP),

LLC, its General Partner

		
	By:	 	 /s/ Christopher R. Gruszczynski

	Name:	 	Christopher R. Gruszczynski
	Title:	 	Vice President
	
	 ANRP II DOUBLE EAGLE ENERGY

HOLDINGS II, L.P.

		
	By:	 	 Apollo ANRP Advisors II (APO DC),
 L.P., its
General Partner

		
	By:	 	 Apollo ANRP Advisors II (APO DC-GP),

LLC, its General Partner

		
	By:	 	 /s/ Christopher R. Gruszczynski

	Name:	 	Christopher R. Gruszczynski
	Title:	 	Vice President
	
	Address:
	Contact Person: Christopher R. Gruszczynski
	Telephone No:
	Email:

  
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	 VERITAS ENERGY PARTNERS

HOLDINGS, LLC

		
	 By:
	 	 /s/ Hollis R. Sullivan

	 Name:
	 	 Hollis R. Sullivan

	 Title:
	 	 Chief Executive Officer

  

	
	 Address:

	 Contact Person: Chad Skiles

	 Telephone Number:

	Email:

  
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	SELLERS 2015 FAMILY TRUST
		
	By:	 	 /s/ John A. Sellers

	Name:	 	John A. Sellers
	Title:	 	Trustee
	
	 JOHN A. SELLERS FAMILY LIMITED

PARTNERSHIP

		
	By:	 	John A. Sellers, LLC, its general partner
		
	By:	 	 /s/ John A. Sellers

	Name:	 	John A. Sellers
	Title:	 	Manager
	
	Address:
	Contact Person: John A. Sellers
	Telephone Number:
	Email:

  
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	CAMPBELL 2015 FAMILY TRUST
		
	By:	 	 /s/ Cody C. Campbell

	Name:	 	Cody C. Campbell
	Title:	 	Trustee
	
	CODY C. CAMPBELL FAMILY LIMITED PARTNERSHIP
		
	By:	 	Cody C. Campbell, LLC, its general partner
		
	By:	 	 /s/ Cody C. Campbell

	Name:	 	Cody C. Campbell
	Title:	 	Manager
	
	Address:
	Contact Person: Cody C. Campbell
	Telephone Number:
	Email:

  
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	By:	 	 /s/ Blake Allen Carpenter

	Name:	 	Blake Allen Carpenter
	
	 THE BLAKE AND CASEY CARPENTER

FAMILY IRREVOCABLE ASSET TRUST

		
	By:	 	 /s/ Blake Allen Carpenter

	Name:	 	Blake Allen Carpenter
	Title:	 	Trustee
	
	Address:
	Contact Person: Blake Carpenter
	Telephone Number:
	Email:

  
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	JOSHUA A. GREGG LIVING TRUST
		
	By:	 	 /s/ Joshua Alan Gregg

	Name:	 	Joshua Alan Gregg
	Title:	 	Trustee
	
	Address:
	Contact Person: Josh Gregg
	Telephone Number:
	Email:

  
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	By:	 	 /s/ Mark Autry

	Name:	 	Mark Autry
	
	Address:
	Contact Person: Mark Autry
	Telephone Number:
	Email:

  
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	By:	 	 /s/ Alexis Carol Blair

	Name:	 	Alexis Carol Blair
	
	Address:
	Contact Person: Alexis Carol Blair
	Telephone Number:
	Email:

  
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	By:	 	 /s/ Joseph Brosig

	Name:	 	Joseph Brosig
	
	Address:
	Contact Person: Joseph Brosig
	Telephone Number:
	Email:

  
 SIGNATURE
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	By:	 	 /s/ Stephanie Currie

	Name:	 	Stephanie Currie
	
	Address:
	Contact Person: Stephanie Currie
	Telephone Number:
	Email:

  
 SIGNATURE
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	By:	 	 /s/ Seth Graham

	Name:	 	Seth Graham
	
	Address:
	Contact Person: Seth Graham
	Telephone Number:
	Email:

  
 SIGNATURE
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	By:	 	 /s/ W. Stewart Gunn

	Name:	 	W. Stewart Gunn
	
	Address:
	Contact Person: Stewart Gunn
	Telephone Number:
	Email:

  
 SIGNATURE
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	By:	 	 /s/ Matthew Hogg

	Name:	 	Matthew Hogg
	
	Address:
	Contact Person: Matthew Hogg
	Telephone Number:
	Email:

  
 SIGNATURE
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	By:	 	 /s/ AnnMarie Koons

	Name:	 	AnnMarie Koons
	
	Address:
	Contact Person: AnnMarie Koons
	Telephone Number:
	Email:

  
 SIGNATURE
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	By:	 	 /s/ Kyle Kulig

	Name:	 	Kyle Kulig
	
	Address:
	Contact Person: Kyle Kulig
	Telephone Number:
	Email:

  
 SIGNATURE
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	By:	 	 /s/ Robert Lange

	Name:	 	Robert Lange
	
	Address:
	Contact Person: Robert Lange
	Telephone Number:
	Email:

  
 SIGNATURE
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	By:	 	 /s/ Garrett Martin

	Name:	 	Garrett Martin
	
	Address:
	Contact Person: Garrett Martin
	Telephone Number:
	Email:

  
 SIGNATURE
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	By:	 	 /s/ Jonathon McCartney

	Name:	 	Jonathon McCartney
	
	Address:
	Contact Person: Jonathon McCartney
	Telephone Number:
	Email:

  
 SIGNATURE
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	By:	 	 /s/ David Rader

	Name:	 	David Rader
	
	Address:
	Contact Person: David Rader
	Telephone Number:
	Email:

  
 SIGNATURE
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	By:	 	 /s/ Courtney Reese

	Name:	 	Courtney Reese
	
	Address:
	Contact Person: Courtney Reese
	Telephone Number:
	Email:

  
 SIGNATURE
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	By:	 	 /s/ Paul Richardson

	Name:	 	Paul Richardson
	
	Address:
	Contact Person: Paul Richardson
	Telephone Number:
	Email:

  
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	By:	 	 /s/ J. Parker Scheideman

	Name:	 	J. Parker Scheideman
	
	Address:
	Contact Person: Parker Scheideman
	Telephone Number:
	Email:

  
 SIGNATURE
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	By:	 	 /s/ Richard Burnett

	Name:	 	Richard Burnett
	
	Address:
	Contact Person: Richard Burnett
	Telephone Number:
	Email:

  
 SIGNATURE
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	By:	 	 /s/ Sean Earwood

	Name:	 	Sean Earwood
	
	Address:
	Contact Person: Sean Earwood
	Telephone Number:
	Email:

  
 SIGNATURE
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	By:	 	 /s/ Matt Blackstock

	Name:	 	Matt Blackstock
	
	Address:
	Contact Person: Matt Blackstock
	Telephone Number:
	Email:

  
 SIGNATURE
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	By:	 	 /s/ Ross Smith

	Name:	 	Ross Smith
	
	Address:
	Contact Person: Ross Smith
	Telephone Number:
	Email:

  
 SIGNATURE
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	By:	 	 /s/ Joseph Tidwell

	Name:	 	Joseph Tidwell
	
	Address:
	Contact Person: Joe Tidwell
	Telephone Number:
	Email:

  
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	MTP ENERGY MASTER FUND LTD
		
	By:	 	MTP Energy Management LLC
	Its:	 	Investment Advisor
		
	By:	 	Magnetar Financial LLC
	Its:	 	Sole Member
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer
	
	Address:
	Contact Person: Chief Legal Officer
	Telephone No:
	Email:

  
 SIGNATURE
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	MTP ENERGY OPPORTUNITIES FUND II LLC
		
	By:	 	MTP Energy Management LLC
	Its:	 	Managing Member
		
	By:	 	Magnetar Financial LLC
	Its:	 	Sole Member
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer
	
	Address:
	Contact Person: Chief Legal Officer
	Telephone No:
	Email:

  
 SIGNATURE
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	MTP EOF II IP LLC
		
	By:	 	MTP Energy Management LLC
	Its:	 	Managing Member
		
	By:	 	Magnetar Financial LLC
	Its:	 	Sole Member
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer
	
	Address:
	Contact Person: Chief Legal Officer
	Telephone No:
	Email:

  
 SIGNATURE
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	MTP ENERGY DE LLC
		
	By:	 	Magnetar Financial LLC
	Its:	 	Manager
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer
	
	Address:
	Contact Person: Chief Legal Officer
	Telephone No:
	Email:

  
 SIGNATURE
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	MTP ENERGY OPPORTUNITIES FUND I LLC
		
	By:	 	MTP Energy Management LLC
	Its:	 	Managing Member
		
	By:	 	Magnetar Financial LLC
	Its:	 	Sole Member
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer
	
	Address:
	Contact Person: Chief Legal Officer
	Telephone No:
	Email:

  
 SIGNATURE
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	ASTRUM PARTNERS LLC, SERIES XIV
		
	By:	 	Magnetar Financial LLC
	Its:	 	Manager
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer
	
	Address:
	Contact Person: Chief Legal Officer
	Telephone No:
	Email:

  
 SIGNATURE
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	MTP HOLDINGS CORP 2
		
	By:	 	 /s/ Adam Daley

	Name:	 	Adam Daley
	Title:	 	Director
	
	Address:
	Contact Person: Chief Legal Officer
	Telephone No:
	Email:

  
 SIGNATURE
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	MTP HOLDINGS CORP 14
		
	By:	 	 /s/ Adam Daley

	Name:	 	Adam Daley
	Title:	 	Director
	
	 Address:

	 Contact Person: Chief Legal Officer

	 Telephone No:

	 Email:

  
 SIGNATURE
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	TRIANGLE PEAK PARTNERS II, LP
	
	By: Triangle Peak Partners II General Partner, LLC
	Its: General Partner
		
	By:	 	 /s/ Michael C. Morgan

	Name:	 	Michael C. Morgan
	Title:	 	Manager
	
	Address:
	Contact Person: Michael C. Morgan
	Telephone No :
	Email:

  
 SIGNATURE
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	TPP II ANNEX FUND, LP
	
	By: Triangle Peak Partners II General Partner, LLC
	Its: General Partner
		
	By:	 	 /s/ Michael C. Morgan

	Name:	 	Michael C. Morgan
	Title:	 	Manager
	
	Address:
	Contact Person: Michael C. Morgan
	Telephone No :
	Email:

  
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 EXHIBIT A 

ADOPTION AGREEMENT 
 This
Adoption Agreement (“Adoption Agreement”) is executed by the undersigned transferee (“Transferee”) pursuant to the terms of the Registration Rights and Lock-Up Agreement,
dated as of April 20, 2017, between Parsley Energy, Inc. (the “Company”) and the Holders party thereto (as amended from time to time, the “Registration Rights and Lock-Up
Agreement”). Terms used and not otherwise defined in this Adoption Agreement have the meanings set forth in the Registration Rights and Lock-Up Agreement. 

By the execution of this Adoption Agreement, the Transferee agrees as follows: 

1. Acknowledgement. Transferee acknowledges that Transferee is acquiring certain shares of Class A Common Stock of the Company (or
Units of Parsley Energy, LLC and shares of Class B Common Stock of the Company), subject to the terms and conditions of Registration Rights and Lock-Up Agreement, among the Company and the Holder Rights
party thereto. 
 2. Agreement. Transferee (i) agrees that the shares of Class A Common Stock of the Company (or Units of
Parsley Energy, LLC and shares of Class B Common Stock of the Company) acquired by Transferee shall be bound by and subject to the terms of the Registration Rights and Lock-Up Agreement, pursuant to the
terms thereof, and (ii) hereby adopts the Registration Rights and Lock-Up Agreement with the same force and effect as if he, she or it were originally a party thereto. 

3. Notice. Any notice required as permitted by the Registration Rights and Lock-Up Agreement
shall be given to Transferee at the address listed beside Transferee’s signature below. 
 4. Joinder. The spouse of the
undersigned Transferee, if applicable, executes this Adoption Agreement to acknowledge its fairness and that it is in such spouse’s best interest, and to bind such spouse’s community interest, if any, in the shares of Class A Common
Stock and other securities referred to above and in the Registration Rights and Lock-Up Agreement, to the terms of the Registration Rights and Lock-Up Agreement. 

 

	
	Signature:
	
	  

	  

  
 A-1

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