Document:

Exhibit 10.9

    

    
       

      

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      LEGACY RESERVES INC.

       

      AMENDED AND RESTATED EMPLOYMENT AGREEMENT

       

      AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) dated as of December
          11, 2019 (the “Effective Date”), between Legacy Reserves Services LLC, a Texas limited liability company (the “Employer”), and Micah C. Foster (the “Employee”).

       

      W I T N E S S E T H

       

      WHEREAS, the Employer and Employee are party to an employment agreement dated as of
          September 20, 2018 (the “Prior Employment Agreement”);

       

      WHEREAS, the Employer desires to continue to employ the Employee as the Chief Accounting
          Officer and Controller of Legacy Reserves Inc., a Delaware corporation (the “Company”); and

       

      WHEREAS, the Employer and the Employee wish to amend and restate the Prior Employment
          Agreement, effective as of the date hereof.

       

      NOW, THEREFORE, in consideration of the foregoing, of the mutual promises contained herein
          and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

       

      1.           POSITION AND DUTIES.

       

      (a)         During the Employment Term (as defined in Section 2 hereof), the Employee shall serve as the Chief
          Accounting Officer and Controller of the Company. In this capacity, the Employee shall have the duties, authorities and responsibilities commensurate with the duties, authorities and responsibilities of persons in similar capacities in similarly
          sized companies, and such other duties, authorities and responsibilities as may reasonably be assigned to the Employee that are not inconsistent with the Employee’s position as Chief Accounting Officer and Controller of the Company. The
          Employee’s principal place of employment shall be in Midland, Texas, provided that the Employee understands and agrees that the Employee may be required to travel from time to time for business purposes. The Employee shall report directly
          to the Chief Financial Officer of the Company.

       

      (b)        During the Employment Term, the Employee shall devote substantially all of the Employee’s business time,
          energy, business judgment, knowledge and skill to the performance of the Employee’s duties with the Employer and the Company, provided that the foregoing shall not prevent the Employee from (i) serving on the boards of directors of
          non-profit organizations and, with the prior written approval of the Board of Directors of the Company (the “Board”), other for profit companies, (ii) participating in charitable, civic, educational, professional, community or industry
          affairs, and (iii) managing the Employee’s passive personal investments so long as such activities in the aggregate do not materially interfere or conflict with the Employee’s duties hereunder or create a potential business or fiduciary conflict
          or materially interfere with the performance of the Employee’s obligations to the Employer or the Company under this Agreement. The for profit company boards on which the Employee currently serves, all of which have been approved by the Board,
          are listed on Exhibit A hereto.

       

      
        
          

        
          	
                  
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      2.           EMPLOYMENT TERM. The Employer agrees to employ the Employee pursuant to the terms of this Agreement, and the Employee agrees to be so employed, for a term
        commencing as of the Effective Date until terminated in accordance with Section 7 hereof, subject to Section 8 hereof. The date of any such termination shall be referred to herein as the “Termination Date”, and the period of
        time between the Effective Date and the termination of the Employee’s employment hereunder shall be referred to herein as the “Employment Term.”

       

      3.           BASE SALARY. During the Employment Term, the Employer agrees to pay the Employee a base salary at an annual rate of not less than $265,000, payable in accordance
        with the regular payroll practices of the Company, but not less frequently than monthly. The Employee’s Base Salary shall be subject to annual review by the Board (or a committee thereof), and may be adjusted upward (but not downward) from time to
        time by the Board. The base salary as determined herein and adjusted from time to time shall constitute “Base Salary” for purposes of this Agreement.

       

      4.           ANNUAL BONUS. During the Employment Term, the Employee shall be eligible to receive an annual incentive payment under the Company’s annual bonus plan as may be in
        effect from time to time (the “Annual Bonus”) based on a target bonus opportunity of at least 60% of the Employee’s Base Salary (the “Target Bonus”), upon the attainment of one or more pre-established performance goals established by
        the Board or the Company’s Compensation Committee in good faith after consultation with the Company’s Chief Executive Officer. Subject to Section 7 hereunder, any such Annual Bonus shall be paid by March 15 of the year following the
        performance year, subject to the Employee’s continued employment on the applicable payment date. Notwithstanding the foregoing, for 2019 the Employee shall participate in the Company’s Legacy Reserves 2019 Key Employee Incentive Plan (the “2019
          KEIP”) in lieu of receiving any Annual Bonus described in this Section 4, and any references to Annual Bonus or Target Bonus herein shall not include any bonus payable under the 2019 KEIP, which shall be governed solely by the terms therein.

       

      5.           LONG-TERM INCENTIVE COMPENSATION. Awards of equity interests of the Company and/or other forms of equity- based compensation to the Employee on or after the
        Effective Date may be made from time to time during the Employment Term in amounts determined by the Board in its discretion.

       

      6.           EMPLOYEE BENEFITS.

       

      (a)          BENEFIT PLANS. During the Employment Term, the Employee shall be entitled to
        participate in any employee benefit plan that the Company has adopted or may adopt, maintain or contribute to for the benefit of its senior executives, subject to satisfying the applicable eligibility requirements, except to the extent such plans
        are duplicative of the benefits otherwise provided to hereunder. The Employee’s participation will be subject to the terms of the applicable plan documents and generally applicable Company policies. Notwithstanding the foregoing, the Employer may
        modify or terminate any employee benefit plan at any time.

       

      
        
          

        
          	
                  
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      (b)         VACATIONS. During the Employment Term, the Employee shall be entitled to vacation in accordance with the Company’s policy as in effect from time to time, but not
        less than four (4) weeks of paid vacation per calendar year (as prorated for partial years). Vacation may be taken at such times and intervals as the Employee determines, subject to the business needs of the Company.

       

      (c)         BUSINESS EXPENSES. Upon presentation of reasonable substantiation and
        documentation as the Company may specify from time to time, the Employee shall be reimbursed in accordance with the Employer’s and Company’s expense reimbursement policy, for all reasonable out-of-pocket business expenses incurred and paid by the
        Employee during the Employment Term and in connection with the performance of the Employee’s duties hereunder.

       

      7.           TERMINATION. The Employee’s employment and the Employment Term shall terminate
        on the first of the following to occur:

       

      (a)         DISABILITY. Upon ten (10) days’ prior written notice by the Employer to the
        Employee of termination due to Disability. For purposes of this Agreement, “Disability” means the determination by a physician selected by the Employer that the Employee has been unable to perform the Employee’s usual and customary duties
        under this Agreement for a period of at least one hundred twenty (120) consecutive days or a non-consecutive period of one hundred eighty (180) days during any twelve-month period as a result of incapacity due to mental or physical illness or
        disease. At any time and from time to time, upon reasonable request by the Employer, the Employee will submit to reasonable medical examination for the purpose of determining the Employee’s ability to perform the essential functions of the job
        position, with or without any reasonable accommodation.

       

      (b)          DEATH. Automatically upon the date of death of the Employee.

       

      (c)          CAUSE. Immediately upon written notice by the Employer to the Employee of a termination for Cause. “Cause” shall mean any of the following:

       

      (i)          the Employee’s conviction of, or plea of nolo contendere to, any felony or to any crime or offense causing substantial harm to the Employer or the Company or any of their direct or indirect subsidiaries
        (whether or not for personal gain) or involving acts of theft, fraud, embezzlement, or moral turpitude or similar conduct;

       

      (ii)         willful malfeasance in the conduct of the Employee’s duties, including, but not limited to, (A) willful and intentional misuse or diversion of any of the Related Parties’ (defined as the Company and all
        such direct and indirect subsidiaries of the Company) funds, (B) embezzlement or (C) fraudulent or willful and material misrepresentations or concealments on any written reports submitted to any of the Related Parties;

       

      (iii)        the Employee’s failure to attempt in good faith to perform the Employee’s substantial job duties consistent with the Employee’s position, expressly including the provisions of this Agreement, which
        failure continues after written notice, or material failure to follow or comply with the reasonable and lawful written directives of the Board that continues after written notice;

       

      
        
          

        
          	
                  
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      (iv)        a material breach of Section 10 or 11 of this Agreement; or

       

      (v)         a material breach by the Employee of any written policy of the Related Parties concerning employee
          discrimination or harassment.

       

      The Employee shall be afforded a reasonable opportunity to cure any act or omission that would otherwise constitute “Cause” hereunder according to the following terms: The Board will cause the Employer to give the
        Employee written notice stating with reasonable specificity the nature of the circumstances determined by the Board in good faith to constitute “Cause.” If, in the good faith judgment of the Board, the alleged breach is reasonably susceptible to
        cure, the Employee will have fifteen (15) days from his receipt of such notice to effect the cure of such circumstances or such breach to the good faith satisfaction of the Board. The Board will state whether the Employee will have such an
        opportunity to cure in the initial notice of “Cause” referred to above. If, in the good faith judgment of the Board the alleged breach is not reasonably susceptible to cure, or such circumstances or breach have not been satisfactorily cured within
        such fifteen (15) day cure period, such breach will thereupon constitute “Cause” hereunder.

       

      (d)         WITHOUT CAUSE. Immediately upon written notice by the Employer to the Employee of
        an involuntary termination without Cause (other than for death or Disability).

       

      (e)         GOOD REASON. Upon written notice by the Employee to the Employer of a termination
        for Good Reason. “Good Reason” shall mean the occurrence of any of the following events, without the express written consent of the Employee of the occurrence of one of the reasons set forth below:

       

      (i)         a reduction in the Employee’s Base Salary or Target Bonus; provided that neither the Employee’s
          participation in the 2019 KEIP in lieu of eligibility for the Annual Bonus in 2019, nor any decrease in the Employee’s Target Bonus for 2020 as compared to the Employee’s annual target award under the KEIP, shall constitute Good Reason;

       

      (ii)         a relocation of the Employee’s primary place of employment to a location more than 20 miles from Midland,
          Texas; or

       

      (iii)        any material reduction in the Employee’s title, authority or responsibilities with the Employer.

       

      The Employer shall be afforded a reasonable opportunity to cure any circumstances that would otherwise constitute Good Reason hereunder according to the following terms: The Employee shall provide the Employer with a
        written notice detailing the specific circumstances alleged to constitute Good Reason within sixty (60) days of becoming aware of the occurrence of such circumstances.  The Employer will have thirty (30) days from its receipt of such notice to
        effect the cure of such circumstances. If such circumstances have not been satisfactorily cured within such thirty (30) day cure period, and the Employee actually terminates employment within thirty (30) days following the expiration of the
        Employer’s thirty (30)-day cure period, such circumstances or breach will thereupon constitute Good Reason hereunder. Otherwise, any claim of such circumstances as Good Reason shall be deemed irrevocably waived by the Employee.

       

      
        
          

        
          	
                  
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      (f)          WITHOUT GOOD REASON. Upon thirty (30) days’ prior written notice by the Employee
        to the Employer of the Employee’s voluntary termination of employment without Good Reason (which the Employer may, in its sole discretion, make effective earlier than any notice date).

       

      8.           CONSEQUENCES OF TERMINATION.

       

      (a)          DEATH. In the event that the Employee’s employment and the Employment Term ends
        on account of the Employee’s death, the Employee or the Employee’s estate, as the case may be, shall be entitled to the following (with the amounts due under Sections 8(a)(i) through 8 (a)(v) hereof to be paid within thirty (30)
        days following termination of employment, or such earlier date as may be required by applicable law):

       

      (i)          any unpaid Base Salary through the date of termination;

       

      (ii)         any Annual Bonus earned but unpaid with respect to the fiscal year ending on or preceding the date of
          termination;

       

      (iii)        reimbursement for any unreimbursed business expenses incurred through the date of termination;

       

      (iv)        any accrued but unused vacation time in accordance with Company policy;

       

      (v)        all other payments, benefits or fringe benefits to which the Employee shall be entitled under the terms of
          any applicable compensation arrangement or benefit, equity or fringe benefit plan or program or grant or this Agreement (collectively, Sections 8(a)(i) through 8(a)(v) hereof shall be hereafter referred to as the “Accrued
            Benefits”); and

       

      (vi)        a pro rata portion of any Annual Bonus for the fiscal year in which the Termination Date occurs, paid in a
          lump sum at such time as bonuses for the annual period are paid to other executive officers of the Company in accordance with the terms of the applicable Employee Bonus Plan, and determined by multiplying the Employee’s actual Annual Bonus that
          would have been earned based on performance for such period by a fraction, the numerator of which is the number of days from the first day of the fiscal year of the Company in which such termination occurs through and including the Termination
          Date and the denominator of which is 365 (“Pro Rata Bonus”). For the avoidance of doubt, the Pro Rata Bonus shall not be paid if the Termination Date occurs in 2019, and instead the Employee’s bonus entitlement upon a termination of
          employment in 2019 shall be determined under the terms of the 2019 KEIP.

       

      (b)         DISABILITY. In the event that the Employee’s employment and/or Employment Term
        ends on account of the Employee’s Disability, the Employer shall pay or provide the Employee with the Accrued Benefits and, if the Termination Date occurs following 2019, a Pro Rata Bonus.
          TERMINATION FOR CAUSE OR WITHOUT GOOD REASON. If the Employee’s employment is terminated (x) by the Employer for Cause or (y) by the Employee without Good Reason the Employer shall pay to the Employee the Accrued Benefits other than the
        benefit described in Section 8(a)(ii) hereof.

       

      
        
          

        
          	
                  
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      (d)        TERMINATION WITHOUT CAUSE OR FOR GOOD REASON. If the Employee’s employment by the
        Employer is terminated (x) by the Employer other than for Cause or (y) by the Employee for Good Reason, the Employer shall pay or provide the Employee with the following, subject to the provisions of Section 25 hereof:

       

      (i)          the Accrued Benefits;

       

      (ii)         if the Termination Date occurs following 2019, a Pro Rata Bonus;

       

      (iii)        subject to the Employee’s continued compliance with the obligations in Sections 9, 10 and
          11 hereof, a sum equal to (x) the Employee’s monthly Base Salary rate at the highest rate in effect at any time during the thirty-six (36) month period prior to the Termination Date plus (y) 1/12 of the Target Bonus (provided that upon any
          termination in 2019, the Target Bonus for 2019 under Section 4, without giving any effect to any bonuses payable under the 2019 KEIP, shall be used for purposes of this calculation), paid monthly for a period of twenty‐four (24) months following
          such termination; provided, that if such termination occurs within twenty‐four (24) months following a Change of Control (as defined in the Company’s Legacy Reserves Inc. 2019 Management Incentive Plan), such 24-month period shall be increased to
          36 and the aggregate applicable amount shall be paid in a lump sum within sixty (60) days of the applicable Termination Date; provided, further, that to the extent that the payment of any amount constitutes “nonqualified deferred compensation”
          for purposes of Code Section 409A (as defined in Section 25 hereof), any such payment scheduled to occur during the first sixty (60) days following the termination of employment shall not be paid until the first regularly scheduled pay
          period following the sixtieth (60th) day following such Termination Date and shall include payment of any amount that was otherwise scheduled to be paid prior
          thereto; and

       

      (iv)       to the extent that the Employee elects COBRA continuation coverage, the Company will pay the full cost of
          the Employee’s COBRA continuation coverage for the maximum period as COBRA continuation coverage is required to be provided under applicable law; provided, however, that the benefits described in this Section 8(d)(iv) may
          be discontinued prior to the end of the period provided in this Section 8(d)(iv) to the extent, but only to the extent, that the Employee receives substantially similar benefits from a subsequent employer or to avoid the imposition of any
          excise taxes on the Employer or the Company for failure to comply with the nondiscrimination requirements of the Patient Protection and Affordable Care Act of 2010, as amended, and/or the Health Care and Education Reconciliation Act of 2010, as
          amended (to the extent applicable).

       

      Payments and benefits provided in this Section 8(d) shall be in lieu of any termination or severance payments or benefits for which the Employee may be eligible under any of the plans, policies or programs of
        the Company or under the Worker Adjustment Retraining Notification Act of 1988 or any similar state statute or regulation.

       

      
        
          

        
          	
                  
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      (e)          CODE SECTION 280G.

       

      (i)         Notwithstanding anything in this Agreement to the contrary, in the event that any severance and other
          benefits provided to or for the benefit of the Employee or his legal representatives and dependents pursuant to this Agreement and any other agreement, benefit, plan, or policy of the Related Parties (this Agreement and such other agreements,
          benefits, plans, and policies collectively being referred to herein as the “Change of Control Arrangements”) constitute “parachute payments” within the meaning of Section 280G(b)(2) of the Code (such severance and other benefits being
          referred to herein as the “Change of Control Payments”) that would be subject to the excise tax imposed by Section 4999 of the Code (such excise tax referred to in this Agreement as the “Excise Tax”), then (i) if the shareholder
          approval exemption set forth in Section 280G(b)(5) is available, then the Employer and the Employee shall take all steps necessary, including, without limitation, waiver of rights by the Employee, to seek shareholder approval for such Change of
          Control Payments in accordance with Section 280G(b)(5) of the Code and the regulations promulgated thereunder; or (ii) if the shareholder approval exemption set forth in Section 280G(b)(5) is not available, then the Employer will provide the
          Employee with a computation of (A) the maximum amount of Change of Control Payments that could be made under the Change of Control Arrangements, without the imposition of the Excise Tax (said maximum amount being referred to as the “Capped
            Amount”); (B) the value of all Change of Control Payments that could be made pursuant to the terms of the Change of Control Arrangements (all said payments, distributions and benefits being referred to as the “Uncapped Payments”);
          (C) the dollar amount of Excise Tax which the Employee would become obligated to pay pursuant to Section 4999 of the Code as a result of receipt of the Uncapped Payments; and (D) the net value of the Uncapped Payments after reduction by (1) the
          amount of the Excise Tax, (2) the estimated income taxes payable by the Employee on the difference between the Uncapped Payments and the Capped Amount, assuming that the Employee is paying the highest marginal tax rate for state, local and
          federal income taxes, and (3) the estimated hospital insurance taxes payable by the Employee on the difference between the Uncapped Payments and the Capped Amount based on the hospital insurance tax rate under Section 3101(b) of the Code (the “Net

            Uncapped Amount”). If the Capped Amount is greater than the Net Uncapped Amount, the Employee shall be entitled to receive or commence to receive the Change of Control Payments equal to the Capped Amount; or if the Net Uncapped Amount is
          greater than the Capped Amount, the Employee shall be entitled to receive or commence to receive the Change of Control Payments equal to the Uncapped Payments. If the Employee receives the Uncapped Payments, then the Employee shall be solely
          responsible for the payment of the Excise Tax due from the Employee and attributable to such Uncapped Payments, with no right of additional payment from any of the Related Parties as reimbursement for such taxes.

       

      (ii)         Unless the Employer and the Employee otherwise agree in writing, any determination required under this Section

            8(e) shall be made in writing by tax counsel or by an independent public accounting firm agreed to by the Employer and the Employee (the “Auditor”), whose determination shall be conclusive and binding upon the Employer and the
          Employee. For purposes of making the calculations required by this Section 8(e), the Auditor may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning
          the application of Sections 280G and 4999 of the Code. The Employer and the Employee shall furnish to the Auditor such information and documents as the Auditor may reasonably request in order to make a determination under this Section 8(e).
          The Employer shall bear all costs the Auditor may reasonably incur in connection with any calculations contemplated by this Section 8(e).

       

      
        
          

        
          	
                  
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      (f)          OTHER OBLIGATIONS. Upon any termination of the Employee’s employment with the Company, the Employee shall automatically be deemed to have resigned from the Board and
        any other position as an officer, director or fiduciary of any Company related entity. The Employee will take any action reasonable requested by the Employer to document such resignation.

       

      (g)         EXCLUSIVE REMEDY. The amounts payable to the Employee following termination of employment and the Employment Term hereunder pursuant to Sections 7 and 8
        hereof shall be in full and complete satisfaction of the Employee’s rights under this Agreement and any other claims that the Employee may have in respect of the Employee’s employment with the Company or any of its affiliates, and the Employee
        acknowledges that such amounts are fair and reasonable, and are the Employee’s sole and exclusive remedy, in lieu of all other remedies at law or in equity, with respect to the termination of the Employee’s employment hereunder or any breach of
        this Agreement.

       

      9.         RELEASE; NO MITIGATION; NO SET-OFF. Any and all amounts payable and benefits or
        additional rights provided pursuant to Section 8(d)(ii), 8(d)(iii) and 8(d)(iv) of this Agreement shall be payable only upon a termination of employment of the Employee, provided the Employee executes (and does not revoke) a
        release (the “Release”) in substantially the form attached on Exhibit B hereto. The Release must be signed by the Employee and returned to the Employer (and not revoked) within fifty-five (55) days following the Termination Date. If
        the Employee fails or otherwise refuses to execute a Release, the Employee will not be entitled to any benefits under Section 8(d)(ii), 8(d)(iii) and 8(d)(iv), and the Employer will have no further obligations with respect
        to the provision of those benefits except as may be required by law. The Employer’s obligations to pay the Employee amounts hereunder shall not be subject to set-off, counterclaim or recoupment of amounts owed by the Employee to the Employer or the
        Company or any of their respective affiliates.

       

      10.        RESTRICTIVE COVENANTS. For purposes of Sections 10, 11, 13
        and 19(a), the term “Company” shall refer to the Related Parties and/or each of their respective subsidiaries and affiliates, including any predecessors and/or successors of any of the foregoing, as the context so requires, each of whom
        shall be express third party beneficiaries of the rights of the “Company” under Sections 10, 11, 13, and 19(a).

       

      
        
          

        
          	
                  
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      (a)         CONFIDENTIALITY. The Employee hereby acknowledges that in connection with the
        Employee’s employment by the Company the Employee has been provided and will be provided Confidential Information (as defined below) (including, without limitation, procedures, memoranda, notes, records and customer and supplier lists whether such
        information has been or is made, developed or compiled by the Employee or otherwise has been or is made available to Employee), including information Employee has not received before, regarding the business and operations of the Related Parties.
        The Employee further acknowledges that such Confidential Information is unique, valuable, considered trade secrets and deemed proprietary by the Related Parties, and that the receipt of this Confidential information creates a special relationship
        of trust and confidence between the Company and the Employee. Employee thus acknowledges and agrees that it is fair and reasonable for the Company to take steps to protect itself. For purposes of this Agreement, “Confidential Information”
        includes, without limitation, any information heretofore or hereafter acquired, developed or used by any of the Related Parties relating to Business Opportunities or Intellectual Property or other geological, geophysical, economic, financial or
        management aspects of the business, operations, properties or prospects of the Related Parties, whether oral or in written form. The Employee agrees that all Confidential Information is and will remain the property of the Related Parties. The
        Employee further agrees, except for disclosures occurring in the good faith performance of Employee’s duties for the Related Parties, during the Employment Term and at all times thereafter, to hold in the strictest confidence all Confidential
        Information, and not to, directly or indirectly, duplicate, sell, use, lease, commercialize, disclose or otherwise divulge to any person or entity any portion of the Confidential Information or use any Confidential Information for Employee’s own
        benefit or profit or allow any person, entity or third party, other than the Related Parties and authorized executives of the same, to use or otherwise gain access to any Confidential Information. The Employee will have no obligation under this
        Agreement with respect to any information that becomes generally available to the public other than as a result of a disclosure by the Employee or Employee’s agent or other representative or becomes available to the Employee on a non-confidential
        basis from a source other than the Related Parties through no breach of any agreement with the Company or any of the Related Parties. Further, the Employee will have no obligation under this Agreement to keep confidential any of the Confidential
        Information to the extent that a disclosure of it is required by law or is consented to by the Company in writing; provided, however, that if and when such a disclosure is required by law, the Employee promptly will provide the
        Company with notice of such requirement, so that an appropriate protective order may be sought, and will cooperate with the Company in any attempt by Company to obtain any such appropriate protective order.

       

      (b)        RETURN OF PROPERTY. The Employee agrees that all Confidential Information, whether
        prepared by the Employee or otherwise coming into Employee’s possession, is and shall remain the exclusive property of the Company and/or Related Parties. Employee further agrees to deliver promptly to the Company, upon termination of Employee’s
        employment hereunder, or at any other time when the Company so requests, all documents relating to the business of the Related Parties, including without limitation: all geological and geophysical reports and related data such as maps, charts,
        logs, seismographs, seismic records and other reports and related data, calculations, summaries, memoranda and opinions relating to the foregoing, production records, electric logs, core data, pressure data, lease files, well files and records,
        land files, abstracts, title opinions, title or curative matters, contract files, notes, records, drawings, manuals, correspondence, financial and accounting information, customer lists, statistical data and compilations, patents, copyrights,
        trademarks, trade names, inventions, formulae, methods, processes, agreements, contracts, manuals or any documents relating to the business of the Related Parties and all copies thereof and therefrom; provided, however, that the Employee will be
        permitted to retain copies of any documents or materials solely of a personal nature or otherwise related to the Employee’s rights under this Agreement. Employee further agrees that, after Employee provides a copy of such information or documents
        to the Company, Employee will immediately delete any information or documents relating to the Company’s business from any computer, cellular phone or other digital or electronic device owned by Employee.

       

      (c)         NONCOMPETITION. In consideration of the payments, benefits and other obligations of the Company to the Employee pursuant to this Agreement, including, without
        limitation, the Company’s obligation to provide the Employee with Confidential Information pursuant to Section 10(a) hereof, and in order to protect such Confidential Information and preserve the goodwill of the Related Parties, the
        Employee hereby covenants and agrees to the following provisions.

       

      
        
          

        
          	
                  
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      (i)         Non-Compete Obligations During Employment Term. The Employee agrees that during
        the Employment Term: (A) the Employee will not, other than through the Related Parties, unless approved in writing by a majority of the Board, engage or participate in any manner, whether directly or indirectly, through any family member or as an
        employee, employer, consultant, agent, principal, partner, more than one percent shareholder, officer, director, licensor, lender, lessor or in any other individual or representative capacity, in any business or activity which is engaged in
        leasing, acquiring, exploring, or producing, gathering or marketing hydrocarbons and related products (“Competing Business”), unless set forth on the approved activities list on Exhibit A; and (B) all investments made directly or
        indirectly by the Employee (whether in Employee’s own name or in the name of any family members or other nominees or made by the Employee’s controlled affiliates) in a Competing Business will be made solely through the Related Parties, unless
        approved in writing by a majority of the Board or unless such activity is set forth on Exhibit A; and the Employee will not directly or indirectly through any family members or other person or entity and will not permit any of Employee’s
        controlled affiliates to: (I) invest or otherwise participate alongside the Related Parties in any Business Opportunities relating to or arising from a Competing Business, or (II) invest or otherwise participate in any business or activity relating
        to or arising from a Competing Business, regardless of whether any of the Related Parties ultimately participates in such business or activity, in either case, except through the Related Parties, unless approved in writing by a majority of the
        Board or unless such activity is set forth on Exhibit A. Notwithstanding the foregoing, for purposes of Section 10(c), prohibitions on actions of a “family member” will not include (x) actions with respect to which the Employee has
        no reasonable expectation of a material benefit or (y) persons who are not in the Employee’s immediate family or with respect to whom the Employee exercises no reasonable control.

       

      (ii)        Non-Compete Obligations After Termination Date. The Employee agrees that the
        Employee will not in the Geographic Area engage or participate in any manner, whether directly or indirectly through any family member or other person or as an employee, employer, consultant, agent principal, partner, more than one percent
        shareholder, officer, director, licensor, lender, lessor or in any other individual or representative capacity, unless approved in writing by a majority of the Board or unless such activity is set forth on Exhibit A: During the one (1) year
        period following the Termination Date, in any business or activity that is a Competing Business; provided, that this subsection (ii) will not preclude the Employee from making investments in securities of oil and gas companies that are registered
        on a national stock exchange if the aggregate amount owned by the Employee and all family members and affiliates does not exceed 3% of such company’s outstanding securities. During the one (1) year-period following the Termination Date if Employee,
        in the future, seeks or is offered employment, or any other position or capacity with a Competing Business, Employee agrees to inform each new employer or entity, before accepting employment, of the existence of the restrictions in Section 10.
        Further, before taking any employment position with any Competing Business during the one-year period following the Termination Date, Employee agrees to give prior written notice to the Company of the name of such Competing Business and Employee’s
        intent to take a position with such Competing Business. The Company shall be entitled to advise such Competing Business of the provisions of Section 10 and to otherwise deal with such Competing Business to ensure that the provisions of Section

          10 are enforced and duly discharged.

       

      
        
          

        
          	
                  
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      (iii)       Not Applicable Following Change of Control Termination. If Employee’s employment
        is terminated within twenty-four (24) months after a Change of Control by the Employee for Good Reason or by the Company without Cause, the Employee will not be subject to the covenants contained in this Section 10(c).

       

      (iv)       Geographic Area. For purposes of this Agreement, the “Geographic Area”
        shall mean (i) any county or parish in which the Related Parties own any oil and gas interests or conducts operations on the Termination Date or in which the Related Parties have owned any oil and gas interests or conducted operations at any time
        during the six months immediately preceding the Termination Date; or (ii) any county or parish adjacent to any county or parish described in clause (i) of this Section 10(c)(iv).

       

      (d)         NONSOLICITATION; NONINTERFERENCE. During the Employment Term and for a period of
        twenty-four (24) months after the Termination Date, the Employee, directly or indirectly, will not, whether for Employee’s own account or for the account of any other person or entity:

       

      (i)         Other than for the benefit of and on behalf of the Related Parties during the Employment Term, solicit,
          attempt to transact business with, accept business from, transact business with, encourage or entice to end a relationship with any of the Related Parties, encourage or entice to lessen or alter a relationship with any of the Related Parties any
          client or customer of any of the Related Parties with whom Employee had any contact with (whether orally, in person or in any writing) during Employee’s employment with the Company or about whom or which the Employee learned of or obtained
          Confidential Information about during the Employee’s employment with the Company. The restrictions in this Section 10(d) concerning solicitations, attempting to transact business, transacting business, or accepting business applies only
          to solicitations for, or accepting business on behalf of, any Competing Business; and

       

      (ii)         solicit, hire, endeavor to entice away from the Related Parties, discuss or encourage leaving employment
          with the Related Parties or working for or providing services to any person or entity other than the Related Parties, or otherwise interfere with the relationship of the Related Parties with any person who is then employed by the Related Parties
          (including, without limitation, any independent contractors, engineers, geologists, sales representatives or organizations) or who had such a relationship with any of the Related Parties within the twelve (12) months preceding such solicitation,
          hiring, enticement, discussion, encouragement or interference.

       

      
        
          

        
          	
                  
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      (e)          ASSIGNMENT OF DEVELOPMENTS.

       

      (i)          Employee hereby assigns to the Company any rights Employee may have or acquire in Business Opportunities
          (defined below) and Proprietary Information (defined below) and recognizes that all Proprietary Information shall be the sole property of the Company and its assigns and that the Company and its assigns shall be the sole owner of all trade secret
          rights, patent rights, copyrights, and all other rights throughout the world (collectively, “Proprietary Rights”) related thereto. “Proprietary Information” means trade secrets, confidential knowledge, data or any other proprietary
          information of the Company. By way of illustration but not limitation, Proprietary Information includes: (i) trade secrets, inventions, ideas, processes, formulas, source and object codes, data, programs, other works of authorship, knowhow,
          improvements, discoveries, developments, designs and techniques (hereinafter collectively referred to as “Inventions”); and (ii) tangible and intangible information relating to formulations, products, processes, know-how, designs,
          formulas, methods, developmental or experimental work, testing trials, improvements, discoveries, plans for research, new products, marketing and selling, business plans, budgets and unpublished financial statements, licenses, prices and costs,
          suppliers and customers, and information regarding the skills and compensation of other employees of the Company. Employee further hereby assigns to the Company all of Employee’s right, title and interest in and to any and all Inventions (and all
          Proprietary Rights with respect thereto) whether or not patentable or registrable under copyright or similar statutes, made or conceived or reduced to practice or learned by Employee, either alone or jointly with others, during the Employee’s
          employment with Company, prior to the Effective Date or in conjunction or at the request of any other person or entity and related in any manner to leasing, acquiring, exploring, or producing, gathering or marketing hydrocarbons and related
          products, or any other line of business in which the Company becomes involved during Employee’s employment with the Company (collectively, “Prior O&G Inventions”). Inventions and Prior O&G Inventions are hereinafter referred to as
          “Company Inventions.” Employee recognizes that this Agreement does not require assignment of any invention which Employee developed entirely on Employee’s own time without using the Company’s equipment, supplies, facilities or trade secret
          information, unless that invention (a) relates at the time of conception or reduction to practice of the invention to leasing, acquiring, exploring, or producing, gathering or marketing hydrocarbons and related products, or any other portion of
          the Company’s business or actual or demonstrably anticipated research or development of the Company; or (b) results from any services performed by Employee for the Company. Employee also assigns to, or as directed by, the Company all of
          Employee’s right, title and interest in and to any and all Inventions, full title to which is required to be in the United States by a contract between the Company and the United States or any of its agencies. Employee also acknowledges that all
          original works of authorship which are made by Employee (solely or jointly with others) within the scope of the services that Employee provides to the Company and which are protectable by copyright are “works made for hire,” as that term is
          defined in the United States Copyright Act (17 U.S.C., Section 101). Employee also agrees to promptly and fully disclose to Company any and all Company Inventions and to assign to the Company in the future when any such Company Inventions are
          first reduced to practice or first fixed in a tangible form all of Employee’s right, title and interest in and to any and all such Company Inventions. Employee further agrees to assist the Company in every proper way to obtain and from time to
          time enforce United States and foreign Proprietary Rights relating to Company Inventions in any and all countries. To that end, Employee will execute, verify and deliver such documents and perform such other acts (including appearances as a
          witness) as the Company may reasonably request for use in applying for, obtaining, perfecting, evidencing, sustaining and enforcing such Proprietary Rights and the assignment thereof. In addition, Employee will execute, verify and deliver
          assignments of such Proprietary Rights to the Company or its designee. In the event the Company is unable for any reason, after reasonable effort, to secure Employee’s signature on any document needed in connection with the actions specified in
          this Section 10(e), Employee hereby irrevocably designates and appoints the Company and its duly authorized officers and agents as Employee’s agent and attorney in fact, which appointment is coupled with an interest, to act for and in
          Employee’s behalf to execute, verify and file any such documents and to do all other lawfully permitted acts to further the purposes of this Section 10(e) with the same legal force and effect as if executed by Employee. Employee hereby
          waives and quitclaims to the Company any and all claims, of any nature whatsoever, which Employee now or may hereafter have for infringement of any Proprietary Rights assigned hereunder to the Company. Employee agrees to keep and maintain
          adequate and current records (in the form of notes, sketches, drawings and in any other form that may be required by the Company) of all Proprietary Information developed by Employee and all Inventions made by Employee during Employee’s
          employment with the Company, which records shall be available to and remain the sole property of the Company at all times. Except for the Prior O&G Inventions, those Inventions, if any, patented or unpatented, that Employee made prior to
          Employee’s employment with the Company are excluded from the scope of this Agreement. For purposes of this Agreement, “Business Opportunities” means all business ideas, prospects, proposals or other opportunities pertaining to the lease,
          acquisition, exploration, production, gathering or marketing of hydrocarbons and related products and the exploration potential of geographical areas on which hydrocarbon exploration prospects are located, which are wholly or partially developed
          by the Employee or by a Competing Business during the Employment Term or originated by any third party and brought to the attention of the Employee during the Employment Term, together with information relating thereto (including, without
          limitation, geological and seismic data and interpretations thereof, whether in the form of maps, charts, logs, seismographs, calculations, summaries, memoranda, opinions or other written or charted means). However, Business Opportunities do not
          include the activities listed on Exhibit A hereto as described by Employee to the Board on or before the Effective Date of this Agreement.

       

      
        
          

        
          	
                  
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      (ii)        18 U.S.C. § 1833(b) provides: “An individual shall not be held criminally or civilly liable under any
          Federal or State trade secret law for the disclosure of a trade secret that—(A) is made—(i) in confidence to a Federal, State, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of
          reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.” Nothing in this Agreement is intended to conflict with 18 U.S.C.
          § 1833(b) or create liability for disclosures of trade secrets that are expressly allowed by 18 U.S.C. § 1833(b). Accordingly, the parties to this Agreement have the right to disclose in confidence trade secrets to federal, state, and local
          government officials, or to an attorney, for the sole purpose of reporting or investigating a suspected violation of law. The parties also have the right to disclose trade secrets in a document filed in a lawsuit or other proceeding, but only if
          the filing is made under seal and protected from public disclosure.

       

      (f)        MUTUAL NONDISPARAGEMENT. Employee agrees that the Company’s goodwill and
        reputation are assets of great value to the Company which were obtained through great cost, time and effort. Therefore, Employee agrees that during Employee’s employment with the Company and after the termination of Employee’s employment for any
        reason, Employee will not in any way disparage, libel or defame the Company or any of the Related Parties or any of their businesses or business practices, products or services, or employees, officers, directors or owners. The Company agrees to
        direct its executive officers and members of the Board, in each case, as of the date of termination, to not, while employed by the Company or serving as a director of the Company, as the case may be, make negative comments about the Employee or
        otherwise disparage the Employee in any manner that is likely to be harmful to the Employee’s business reputation. The foregoing shall not be violated by truthful statements in response to, or pursuant to, legal process, required governmental
        testimony or filings, or administrative or arbitral proceedings (including, without limitation, depositions in connection with such proceedings), and the foregoing limitation on the Company’s executives and directors shall not be violated by
        statements that they in good faith believe are necessary or appropriate to make in connection with performing their duties and obligations to the Company.

       

      
        
          

        
          	
                  
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      (g)         REASONABLENESS OF COVENANTS. In signing this Agreement, the Employee gives the
        Company assurance that the Employee has carefully read and considered all of the terms and conditions of this Agreement, including the restraints imposed under this Section 10 hereof. The Employee agrees that these restraints are necessary
        for the reasonable and proper protection of the Company and its affiliates and their Confidential Information and that each and every one of the restraints is reasonable in respect to subject matter, length of time and geographic area, and that
        these restraints, individually or in the aggregate, will not prevent the Employee from obtaining other suitable employment during the period in which the Employee is bound by the restraints. The Employee acknowledges that each of these covenants
        has a unique, very substantial and immeasurable value to the Company and its affiliates and that the Employee has sufficient assets and skills to provide a livelihood while such covenants remain in force. The Employee further covenants that the
        Employee will not challenge the reasonableness or enforceability of any of the covenants set forth in this Section 10, and that the Employee will reimburse the Company and its affiliates for all costs (including reasonable attorneys’ fees)
        incurred in connection with any action to enforce any of the provisions of this Section 10 if the Employee challenges the reasonableness or enforceability of the provisions of this Section 10. It is also agreed that each of the
        Company’s affiliates will have the right to enforce all of the Employee’s obligations to that affiliate under this Agreement, including without limitation pursuant to this Section 10.

       

      (h)         REFORMATION. If it is determined by a court of competent jurisdiction in any
        state that any restriction in this Section 10 is excessive in duration or scope or is unreasonable or unenforceable under applicable law, it is the intention of the parties that such restriction may be modified or amended by the court to
        render it enforceable to the maximum extent permitted by the laws of that state.

       

      (i)          TOLLING. In the event of any violation of the provisions of this Section 10, the Employee acknowledges and agrees that the post-termination restrictions
        contained in this Section 10 shall be extended by a period of time equal to the period of such violation, it being the intention of the parties hereto that the running of the applicable post-termination restriction period shall be tolled
        during any period of such violation.

       

      (j)          SURVIVAL OF PROVISIONS. The obligations contained in Sections 10 and 11 hereof shall survive the termination or expiration of the Employment Term and
        the Employee’s employment with the Company and shall be fully enforceable thereafter.

       

      
        
          

        
          	
                  
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      11.         COOPERATION. Upon the receipt of reasonable notice from the Company (including
        outside counsel), the Employee agrees that while employed by the Company and thereafter, the Employee will respond and provide information with regard to matters in which the Employee has knowledge as a result of the Employee’s employment with the
        Company, and will provide reasonable assistance to the Company, its affiliates and their respective representatives in defense of any claims that may be made against the Company or its affiliates, and will assist the Company and its affiliates in
        the prosecution of any claims that may be made by the Company or its affiliates, to the extent that such claims may relate to the period of the Employee’s employment with the Company (collectively, the “Claims”). The Employee agrees to
        promptly inform the Company if the Employee becomes aware of any lawsuits involving Claims that may be filed or threatened against the Company or its affiliates. The Employee also agrees to promptly inform the Company (to the extent that the
        Employee is legally permitted to do so) if the Employee is asked to assist in any investigation of the Company or its affiliates (or their actions) or another party attempts to obtain information or documents from the Employee (other than in
        connection with any litigation or other proceeding in which the Employee is a party-in-opposition) with respect to matters the Employee believes in good faith to relate to any investigation of the Company or its affiliates, in each case, regardless
        of whether a lawsuit or other proceeding has then been filed against the Company or its affiliates with respect to such investigation, and shall not do so unless legally required. During the pendency of any litigation or other proceeding involving
        Claims, the Employee shall not communicate with anyone (other than the Employee’s attorneys and tax and/or financial advisors and except to the extent that the Employee determines in good faith is necessary in connection with the performance of the
        Employee’s duties hereunder) with respect to the facts or subject matter of any pending or potential litigation or regulatory or administrative proceeding involving the Company or any of its affiliates without giving prior written notice to the
        Company or the Company’s counsel. Upon presentation of appropriate documentation, the Company shall pay or reimburse the Employee for all reasonable out-of-pocket travel, duplicating or telephonic expenses incurred by the Employee in complying with
        this Section 11.

       

      12.        WHISTLEBLOWER PROTECTION. Notwithstanding anything to the contrary contained
        herein, no provision of this Agreement shall be interpreted so as to impede the Employee (or any other individual) from reporting possible violations of federal law or regulation to any governmental agency or entity, including but not limited to
        the Department of Justice, the Securities and Exchange Commission, the Congress, and any agency Inspector General, or making other disclosures under the whistleblower provisions of federal law or regulation. The Employee does not need the prior
        authorization of the Company to make any such reports or disclosures and the Employee shall not be not required to notify the Company that such reports or disclosures have been made.

       

      13.        EQUITABLE RELIEF AND OTHER REMEDIES. The Employee acknowledges and agrees that the
        Company’s remedies at law for a breach or threatened breach of any of the provisions of Section 10 or Section 11 hereof would be inadequate and, in recognition of this fact, the Employee agrees that, in the event of such a breach or
        threatened breach, in addition to any remedies at law, the Company, without posting any bond or other security, shall be entitled to obtain equitable relief in the form of specific performance, a temporary restraining order, a temporary or
        permanent injunction or any other equitable remedy which may then be available, without the necessity of showing actual monetary damages. In the event of a violation by the Employee of Section 10 or Section 11 hereof, any severance
        being paid to the Employee pursuant to this Agreement or otherwise shall immediately cease, and any severance previously paid to the Employee shall be immediately repaid to the Employer.

       

      
        
          

        
          	
                  
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      14.        NO ASSIGNMENTS. This Agreement is personal to each of the parties hereto. Except
        as provided in this Section 14 hereof, no party may assign or delegate any rights or obligations hereunder without first obtaining the written consent of the other party hereto. The Employer may assign this Agreement to any successor to all
        or substantially all of the business and/or assets of the Employer, provided that the Employer shall require such successor to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Employer
        would be required to perform it if no such succession had taken place. As used in this Agreement, “Employer” shall mean the Employer and any successor to its business and/or assets, which assumes and agrees to perform the duties and
        obligations of the Employer under this Agreement by operation of law or otherwise.

       

      15.        NOTICE. For purposes of this Agreement, notices and all other communications
        provided for in this Agreement shall be in writing and shall be deemed to have been duly given (a) on the date of delivery, if delivered by hand, (b) on the date of transmission, if delivered by confirmed facsimile or electronic mail, (c) on the
        first business day following the date of deposit, if delivered by guaranteed overnight delivery service, or (d) on the fourth business day following the date delivered or mailed by United States registered or certified mail, return receipt
        requested, postage prepaid, addressed as follows:

       

      If to the Employee, to the address (or to the facsimile number) shown in the books and records of the Employer.

       

      If to the Employer:

       

      Legacy Reserves Inc.

      303 W. Wall Street, Suite 1800

      Midland, TX 79701

      Attention: General Counsel

       

      If to the Company:

       

      Legacy Reserves Inc.

      303 W. Wall Street, Suite 1800

      Midland, TX 79701

      Attention: General Counsel

       

      or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notices of change of address shall be effective only upon receipt.

       

      16.         SECTION HEADINGS; INCONSISTENCY. The section headings used in this Agreement are
        included solely for convenience and shall not affect, or be used in connection with, the interpretation of this Agreement. In the event of any inconsistency between the terms of this Agreement and any form, award, plan or policy of the Employer or
        the Company, the terms of this Agreement shall govern and control.

       

      17.        SEVERABILITY. The provisions of this Agreement shall be deemed severable. The
        invalidity or unenforceability of any provision of this Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in such jurisdiction or the validity, legality or enforceability of
        any provision of this Agreement in any other jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by applicable law.

       

      
        
          

        
          	
                  
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      18.         COUNTERPARTS. This Agreement may be executed in several counterparts, each of
        which shall be deemed to be an original but all of which together will constitute one and the same instrument.

       

      19.         CONSENT TO JURISDICTION AND SERVICE OF PROCESS.

       

      (a)         Section 10 Disputes. In the event of any dispute, controversy or claim between
        the Company and the Employee arising out of or relating to the interpretation, application or enforcement of the provisions of Section 10, the Company and the Employee agree and consent to the personal jurisdiction of the state and local
        courts of Midland County, Texas and/or the United States District Court for the Western District of Texas for resolution of the dispute, controversy or claim, and that those courts, and only those courts, will have jurisdiction to determine any
        dispute, controversy or claim related to, arising under or in connection with Section 10 of this Agreement. The Company and the Employee also agree that those courts are convenient forums for the parties to any such dispute, controversy or
        claim and for any potential witnesses and that process issued out of any such court or in accordance with the rules of practice of that court may be served by mail or other forms of substituted service to the Company at the address of its principal
        executive offices and to the Employee at his last known address as reflected in the Company’s records.

       

      (b)         Disputes Other Than Under Section 10. In the event of any dispute relating to
        this Agreement, other than a dispute relating solely to Section 10, the parties will use their best efforts to settle the dispute, claim, question, or disagreement. To this effect, they will consult and negotiate with each other in good
        faith and, recognizing their mutual interests, attempt to reach a just and equitable solution satisfactory to both parties. If such a dispute cannot be settled through negotiation, the parties agree first to try in good faith to settle the dispute
        by mediation administered by the American Arbitration Association under its Commercial Mediation Rules before resorting to arbitration, litigation, or some other dispute resolution procedure. If the parties do not reach such solution through
        negotiation or mediation within a period of sixty (60) days, then, upon notice by either party to the other, all disputes, claims, questions, or differences will be finally settled by arbitration administered by the American Arbitration Association
        in accordance with the provisions of its Commercial Arbitration Rules. The arbitrator will be selected by agreement of the parties or, if they do not agree on an arbitrator within thirty (30) days after either party has notified the other of his or
        its desire to have the question settled by arbitration, then the arbitrator will be selected pursuant to the procedures of the American Arbitration Association (the “AAA”) in Midland, Texas. The determination reached in such arbitration will
        be final and binding on all parties. Enforcement of the determination by such arbitrator may be sought in any court of competent jurisdiction. Unless otherwise agreed by the parties, any such arbitration will take place in Midland, Texas, and will
        be conducted in accordance with the Commercial Arbitration Rules of the AAA.

       

      20.        INDEMNIFICATION. The Employer hereby agrees to indemnify the Employee and hold the
        Employee harmless to the extent provided under the By-Laws of the Employer against and in respect of any and all actions, suits, proceedings, claims, demands, judgments, costs, expenses (including reasonable attorney’s fees), losses, and damages
        resulting from the Employee’s good faith performance of the Employee’s duties and obligations with the Employer. This obligation shall survive the termination of the Employee’s employment with the Employer.

       

      
        
          

        
          	
                  
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      21.         LIABILITY INSURANCE. The Employer shall cover the Employee under directors’ and
        officers’ liability insurance both during and, while potential liability exists, after the term of this Agreement in the same amount and to the same extent as the Employer covers its other officers and directors.

       

      22.         GOVERNING LAW. This Agreement, the rights and obligations of the parties hereto,
        and any claims or disputes relating thereto, shall be governed by and construed in accordance with the laws of the State of Texas (without regard to its choice of law provisions).

       

      23.         MISCELLANEOUS. No provision of this Agreement may be modified, waived or
        discharged unless such waiver, modification or discharge is agreed to in writing and signed by the Employee and such officer or director as may be designated by the Board. No waiver by either party hereto at any time of any breach by the other
        party hereto of, or compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. This
        Agreement together with all exhibits hereto sets forth the entire agreement of the parties hereto in respect of the subject matter contained herein and supersedes any and all prior agreements or understandings between the Employee and the Employer
        with respect to the subject matter hereof (including the Prior Employment Agreement). No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not
        expressly set forth in this Agreement.

       

      24.        REPRESENTATIONS. The Employee represents and warrants to the Employer that (a) the
        Employee has the legal right to enter into this Agreement and to perform all of the obligations on the Employee’s part to be performed hereunder in accordance with its terms, and (b) the Employee is not a party to any agreement or understanding,
        written or oral, and is not subject to any restriction, which, in either case, could prevent the Employee from entering into this Agreement or performing all of the Employee’s duties and obligations hereunder.

       

      25.         TAX MATTERS.

       

        

      (a)         WITHHOLDING. The Employer may withhold from any and all amounts payable under
        this Agreement or otherwise such federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation

      

      (b)          SECTION 409A COMPLIANCE.

       

      (i)        The intent of the parties is that payments and benefits under this Agreement comply with Internal Revenue
          Code Section 409A and the regulations and guidance promulgated thereunder (collectively “Code Section 409A”) and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith. If the
          Employee notifies the Employer (with specificity as to the reason therefor) that the Employee believes that any provision of this Agreement (or of any award of compensation, including equity compensation or benefits) would cause the Employee to
          incur any additional tax or interest under Code Section 409A and the Employer concurs with such belief or the Employer (without any obligation whatsoever to do so) independently makes such determination, the Employer shall, after consulting with
          the Employee, reform such provision to attempt to comply with Code Section 409A through good faith modifications to the minimum extent reasonably appropriate to conform with Code Section 409A. To the extent that any provision hereof is modified
          in order to comply with Code Section 409A, such modification shall be made in good faith and shall, to the maximum extent reasonably possible, maintain the original intent and economic benefit to the Employee and the Employer of the applicable
          provision without violating the provisions of Code Section 409A. In no event whatsoever shall the Employer be liable for any additional tax, interest or penalty that may be imposed on the Employee by Code Section 409A or damages for failing to
          comply with Code Section 409A.

       

      
        
          

        
          	
                  
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      (ii)        A termination of employment shall not be deemed to have occurred for purposes of any provision of this
          Agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Code Section 409A and, for purposes of any such
          provision of this Agreement, references to a “termination,” “termination of employment” or like terms shall mean “separation from service.” Notwithstanding anything to the contrary in this Agreement, if the Employee is deemed on the date of
          termination to be a “specified employee” within the meaning of that term under Code Section 409A(a)(2)(B), then with regard to any payment or the provision of any benefit that is considered deferred compensation under Code Section 409A payable on
          account of a “separation from service,” such payment or benefit shall not be made or provided until the date which is the earlier of (A) the expiration of the six (6)-month period measured from the date of such “separation from service” of the
          Employee, and (B) the date of the Employee’s death, to the extent required under Code Section 409A. Upon the expiration of the foregoing delay period, all payments and benefits delayed pursuant to this Section 25(b)(ii) (whether they
          would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to the Employee in a lump sum with interest at the prime rate as published in The Wall Street Journal on the
          first business day following the date of the “separation from service”, and any remaining payments and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein.

       

      (iii)       To the extent that reimbursements or other in-kind benefits under this Agreement constitute “nonqualified
          deferred compensation” for purposes of Code Section 409A, (A) all expenses or other reimbursements hereunder shall be made on or prior to the last day of the taxable year following the taxable year in which such expenses were incurred by the
          Employee, (B) any right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and (C) no such reimbursement, expenses eligible for reimbursement, or in-kind benefits provided in any taxable year
          shall in any way affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year.

       

      (iv)       For purposes of Code Section 409A, the Employee’s right to receive any installment payments pursuant to
          this Agreement shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference to a number of days, the actual date of payment within the
          specified period shall be within the sole discretion of the Employer.

       

      (v)        Notwithstanding any other provision of this Agreement to the contrary, in no event shall any payment under
          this Agreement that constitutes “nonqualified deferred compensation” for purposes of Code Section 409A be subject to offset by any other amount unless otherwise permitted by Code Section 409A.

       

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

       

      	 	
              EMPLOYER

            
	 	 
	 	By:	
              /s/ James Daniel Westcott

            
	 	 	
              Name: James Daniel Westcott

            
	 	 	
              Title:  Chief Executive Officer and Director

            
	 	 	 
	 	
              EMPLOYEE

            
	 	 
	 	By:	
              /s/ Micah C. Foster

            
	 	 	
              Micah C. Foster

            
	 	 
	 	
              COMPANY

            
	 	 
	 	By:	
              /s/ James Daniel Westcott

            
	 	 	
              Name:  James Daniel Westcott

            
	 	 	
              Title:  Chief Executive Officer and Director

            

      
         

        

        Signature Page to Amended and Restated Employment Agreement

         

        

      

      
        
          

        
          	
                  
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      EXHIBIT A

       

      APPROVED OUTSIDE ACTIVITIES AS OF THE EFFECTIVE DATE

       

      None.

       

      
        Exhibit A to Amended and Restated Employment Agreement

         

        

      

      
        
          

        
          	
                  
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      EXHIBIT B

       

      GENERAL RELEASE

       

      I, ___________, in consideration of and subject to the performance by the Employer (together with its subsidiaries, the “Employer”), of its obligations under the Amended and Restated
        Employment Agreement dated as of December 11, 2019 (the “Agreement”), which are further described on Schedule A attached hereto, do hereby release and forever discharge as of the date hereof the Employer and the Company and their respective
        affiliates and all present, former and future managers, directors, officers, employees, successors and assigns of the Employer and the Company and their affiliates and direct or indirect owners (collectively, the “Released Parties”) to the
        extent provided below (this “General Release”). The Released Parties are intended to be third‐party beneficiaries of this General Release, and this General Release may be enforced by each of them in accordance with the terms hereof in
        respect of the rights granted to such Released Parties hereunder. Terms used herein but not otherwise defined shall have the meanings given to them in the Agreement.

       

      1.          My employment or service with the Employer and its affiliates terminated as of _______, and I hereby resign from any position as an officer, member of the board of managers or directors
        (as applicable) or fiduciary of the Employer or the Company or their affiliates (or reaffirm any such resignation that may have already occurred). I understand that any payments or benefits paid or granted to me under Section 8 of the
        Agreement represent, in part, consideration for signing this General Release and are not salary, wages or benefits to which I was already entitled. I understand and agree that I will not receive certain of the payments and benefits specified in Section

          8 of the Agreement unless I execute this General Release and do not revoke this General Release within the time period permitted hereafter. I understand and agree that such payments and benefits are subject to Sections 10 and 11
        of the Agreement, which (as noted below) expressly survive my termination of employment and the execution of this General Release. Such payments and benefits will not be considered compensation for purposes of any employee benefit plan, program,
        policy or arrangement maintained or hereafter established by the Employer or the Company or their affiliates.

       

      2.          Except as provided in paragraphs 4 and 5 below and except for the provisions of the Agreement which expressly survive the termination of my employment with the Employer, I knowingly and
        voluntarily (for myself, my heirs, executors, administrators and assigns) release and forever discharge the Company and the other Released Parties from any and all claims, suits, controversies, actions, causes of action, cross-claims,
        counter-claims, demands, debts, compensatory damages, liquidated damages, punitive or exemplary damages, other damages, claims for costs and attorneys’ fees, or liabilities of any nature whatsoever in law and in equity, both past and present
        (through the date that this General Release becomes effective and enforceable) and whether known or unknown, suspected, or claimed against the Employer, the Company or any of the Released Parties which I, my spouse, or any of my heirs, executors,
        administrators or assigns, may have, which arise out of or are connected with any event occurring by the date hereof, including claims connected with my employment with, or my separation or termination from, the Employer (including, but not limited
        to, any allegation, claim or violation, arising under: Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991; the Age Discrimination in Employment Act of 1967, as amended (including the Older Workers Benefit Protection
        Act); the Equal Pay Act of 1963, as amended; the Americans with Disabilities Act of 1990; the Family and Medical Leave Act of 1993; the Worker Adjustment Retraining and Notification Act; the Employee Retirement Income Security Act of 1974; any
        applicable Executive Order Programs; the Fair Labor Standards Act; or their state or local counterparts; or under any other federal, state or local civil or human rights law, or under any other local, state, or federal law, regulation or ordinance;
        or under any public policy, contract or tort, or under common law; or arising under any policies, practices or procedures of the Company; or any claim for wrongful discharge, breach of contract, infliction of emotional distress, defamation; or any
        claim for costs, fees, or other expenses, including attorneys’ fees incurred in these matters) (all of the foregoing collectively referred to herein as the “Claims”).

       
        Exhibit B to Amended and Restated Employment Agreement

         

        

      

      
        
          

        
          	
                  
                    Execution Version

                  

                

        

      

      3.           I represent that I have made no assignment or transfer of any right, claim, demand, cause of action, or other matter covered by paragraph 2 above.

       

      4.           I agree that this General Release does not waive or release any rights or claims that I may have under the Age Discrimination in Employment Act of 1967 which arise after the date I execute this General
        Release. I acknowledge and agree that my separation from employment with the Company in compliance with the terms of the Agreement shall not serve as the basis for any claim or action (including, without limitation, any claim under the Age
        Discrimination in Employment Act of 1967).

       

      5.           I agree that I hereby waive all rights to sue or obtain equitable, remedial or punitive relief from any or all Released Parties of any kind whatsoever in respect of any Claim, including, without
        limitation, reinstatement, back pay, front pay, and any form of injunctive relief. Notwithstanding the above, I further acknowledge that I am not waiving and am not being required to waive any right that cannot be waived under law, including the
        right to file an administrative charge or participate in an administrative investigation or proceeding; provided, however, that I disclaim and waive any right to share or participate in any monetary award resulting from the prosecution of such
        charge or investigation or proceeding. Additionally, I am not waiving (i) any right to the Accrued Benefits or any severance benefits to which I am entitled under the Agreement, (ii) any claim relating to directors’ and officers’ liability
        insurance coverage or any right of indemnification under the Company’s organizational documents or otherwise, or (iii) my rights as an equity or security holder in the Employer or the Company or their affiliates.

       

      6.           In signing this General Release, I acknowledge and intend that it shall be effective as a bar to each and every one of the Claims hereinabove mentioned or implied. I expressly consent that this General
        Release shall be given full force and effect according to each and all of its express terms and provisions, including those relating to unknown and unsuspected Claims (notwithstanding any state or local statute that expressly limits the
        effectiveness of a general release of unknown, unsuspected and unanticipated Claims), if any, as well as those relating to any other Claims hereinabove mentioned or implied. I acknowledge and agree that this waiver is an essential and material term
        of this General Release and that without such waiver the Company would not have agreed to the terms of the Agreement. I further agree that in the event I should bring a Claim seeking damages against the Company, or in the event I should seek to
        recover against the Employer or the Company in any Claim brought by a governmental agency on my behalf, this General Release shall serve as a complete defense to such Claims to the maximum extent permitted by law. I further agree that I am not
        aware of any pending claim of the type described in paragraph 2 above as of the execution of this General Release.

      
         

        Exhibit B to Amended and Restated Employment Agreement

         

        

      

      
        
          

        
          	
                  
                    Execution Version

                  

                

        

      

      7.           I agree that neither this General Release, nor the furnishing of the consideration for this General Release, shall be deemed or construed at any time to be an admission by the
        Employer, the Company, any Released Party or myself of any improper or unlawful conduct.

       

      8.           I agree that if I violate this General Release by suing the Employer, the Company or the other Released Parties, I will pay all costs and expenses of defending against the suit
        incurred by the Released Parties, including reasonable attorneys’ fees.

       

      9.           I agree that this General Release and the Agreement are confidential and agree not to disclose any information regarding the terms of this General Release or the Agreement, except to
        my immediate family and any tax, legal or other counsel I have consulted regarding the meaning or effect hereof or as required by law, and I will instruct each of the foregoing not to disclose the same to anyone.

       

      10.        Any non-disclosure provision in this General Release does not prohibit or restrict me (or my attorney) from responding to any inquiry about this General Release or its underlying facts
        and circumstances by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), any other self-regulatory organization or any governmental entity.

       

      11.         I hereby acknowledge that Sections 8 through 15, 20 through 23 and 25 of the Agreement shall survive my execution of this General Release.

       

      12.         I represent that I am not aware of any claim by me other than the claims that are released by this General Release. I acknowledge that I may hereafter discover claims or facts in addition to or different
        than those which I now know or believe to exist with respect to the subject matter of the release set forth in paragraph 2 above and which, if known or suspected at the time of entering into this General Release, may have materially affected this
        General Release and my decision to enter into it.

       

      13.         Notwithstanding anything in this General Release to the contrary, this General Release shall not relinquish, diminish, or in any way affect any rights or claims arising out of any breach by the Company or
        by any Released Party of the Agreement after the date hereof.

       

      14.         Whenever possible, each provision of this General Release shall be interpreted in, such manner as to be effective and valid under applicable law, but if any provision of this General Release is held to be
        invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, but this General Release shall be
        reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein.

      
         

        Exhibit B to Amended and Restated Employment Agreement

         

        

      

      
        
          

        
          	
                  
                    Execution Version

                  

                

        

      

      BY SIGNING THIS GENERAL RELEASE, I REPRESENT AND AGREE THAT:

       

      
        
          	

                	1.	
                  I HAVE READ IT CAREFULLY;

                

        

      

       

      
        
          	

                	2.	
                  I UNDERSTAND ALL OF ITS TERMS AND KNOW THAT I AM GIVING UP IMPORTANT RIGHTS, INCLUDING BUT NOT LIMITED TO, RIGHTS UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, AS AMENDED, TITLE VII OF THE CIVIL RIGHTS ACT OF 1964, AS
                    AMENDED; THE EQUAL PAY ACT OF 1963, THE AMERICANS WITH DISABILITIES ACT OF 1990; AND THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED;

                

        

      

       

      
        
          	

                	3.	
                  I VOLUNTARILY CONSENT TO EVERYTHING IN IT;

                

        

      

       

      
        
          	

                	4.	
                  I HAVE BEEN ADVISED TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING IT AND I HAVE DONE SO OR, AFTER CAREFUL READING AND CONSIDERATION, I HAVE CHOSEN NOT TO DO SO OF MY OWN VOLITION;

                

        

      

       

      
        
          	

                	5.	
                  I HAVE HAD AT LEAST [21][45] DAYS FROM THE DATE OF MY RECEIPT OF THIS RELEASE TO CONSIDER IT, AND THE CHANGES MADE SINCE MY RECEIPT OF THIS RELEASE ARE NOT MATERIAL OR WERE MADE AT MY REQUEST
                    AND WILL NOT RESTART THE REQUIRED [21][45]-DAY PERIOD;

                

        

      

       

      
        
          	

                	6.	
                  I UNDERSTAND THAT I HAVE SEVEN (7) DAYS AFTER THE EXECUTION OF THIS RELEASE TO REVOKE IT AND THAT THIS RELEASE SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE UNTIL THE REVOCATION PERIOD HAS EXPIRED;

                

        

      

       

      
        
          	

                	7.	
                  I HAVE SIGNED THIS GENERAL RELEASE KNOWINGLY AND VOLUNTARILY AND WITH THE ADVICE OF ANY COUNSEL RETAINED TO ADVISE ME WITH RESPECT TO IT; AND

                

        

      

       

      
        
          	

                	8.	
                  I AGREE THAT THE PROVISIONS OF THIS GENERAL RELEASE MAY NOT BE AMENDED, WAIVED, CHANGED OR MODIFIED EXCEPT BY AN INSTRUMENT IN WRITING SIGNED BY AN AUTHORIZED REPRESENTATIVE OF THE COMPANY AND BY ME.

                

        

      

       

      
        	SIGNED:	
                 

              	DATED:	
                 

              	 

      

      

        Exhibit B to Amended and Restated Employment Agreement

         

        

      

      
        
          

        
          	
                  
                    Execution Version

                  

                

        

      

      Schedule A

       

      Benefits

       

      The Employer shall provide me with the following, subject to the terms and conditions set forth in the Amended and Restated Employment Agreement and the General Release (including, without limitation, my continued
        compliance with Sections 9, 10, and 11 of the Amended and Restated Employment Agreement):

       

      1.           The Accrued Benefits (as defined in the Amended and Restated Employment Agreement), payable within thirty (30) days following the Date of Termination.

       

      2.           [a Pro Rata Bonus]1.

       

      3.           subject to my continued compliance with the obligations in Sections 9, 10 and 11 of the Amended and Restated Employment Agreement, an amount equal to my monthly
        Base Salary rate at the highest rate in effect at any time during the thirty-six (36) month period prior to my Termination Date (as defined in the Amended and Restated Employment Agreement) plus 1/12 my Target Bonus, paid monthly for a period of
        twenty-four (24) months following such termination; provided, that to the extent that the payment of any amount constitutes “nonqualified deferred compensation” for purposes of Code Section 409A (as defined in Section 25 of the Amended and
        Restated Employment Agreement), any such payment scheduled to occur during the first sixty (60) days following the termination of employment shall not be paid until the first regularly scheduled pay period following the sixtieth (60th) day following such termination and shall include payment of any amount that was otherwise scheduled to be paid prior thereto;

       

      4.          to the extent that I elect COBRA continuation coverage, the Company will pay the full cost of my COBRA continuation coverage for the maximum period as COBRA continuation coverage is
        required to be provided under applicable law; provided, however, that the benefits described in Section 8(d)(iv) of the Amended and Restated Employment Agreement may be discontinued prior to the end of the period provided in Section
          8(d)(iv) of the Amended and Restated Employment Agreement to the extent, but only to the extent, that I receive substantially similar benefits from a subsequent employer or in the event such continuation coverage causes the Employer or the
        Company to incur any excise taxes (as further described in the Amended and Restated Employment Agreement).

       

      

       

      1 If Termination Date occurs after 2019.

       

      

      
        Schedule A to General ReleaseExhibit 10.10

    

    

    

    
      LEGACY RESERVES INC.

       
        

      
        

        

      

      2019 MANAGEMENT INCENTIVE PLAN

       
        

        

        

      

      ARTICLE I

      PURPOSE

       

      The purpose of this Legacy Reserves Inc. 2019 Management Incentive Plan is to enhance the profitability and value of the Company for the benefit of its stockholders by enabling the Company to offer
        Eligible Individuals cash and stock-based incentives in order to attract, retain and reward such individuals and strengthen the mutuality of interests between such individuals and the Company’s stockholders.  The Plan is effective as of the date
        set forth in Article XIV.

       

      ARTICLE II

      DEFINITIONS

       

      For purposes of the Plan, the following terms shall have the following meanings:

       

      2.1       “Affiliate” means each of the following: (a) any
          Subsidiary; (b) any Parent; (c) any corporation, trade or business (including, without limitation, a partnership or limited liability company) which is directly or indirectly controlled 50% or more (whether by ownership of stock, assets or an
          equivalent ownership interest or voting interest) by the Company or one of its Affiliates; (d) any trade or business (including, without limitation, a partnership or limited liability company) which directly or indirectly controls 50% or more
          (whether by ownership of stock, assets or an equivalent ownership interest or voting interest) of the Company; and (e) any other entity in which the Company or any of its Affiliates has a material equity interest and which is designated as an
          “Affiliate” by resolution of the Committee; provided that, unless otherwise determined by the Committee, the Common Stock subject to any Award constitutes “service recipient stock” for purposes of Section 409A of the Code or otherwise does not
          subject the Award to Section 409A of the Code.

       

      2.2         “Award” means any award under the Plan of any Stock
          Option, Restricted Stock, Performance Award, Other Stock-Based Award or Other Cash-Based Award.  All Awards shall be granted by, confirmed by, and subject to the terms of, a written agreement executed by the Company and the Participant.

       

      2.3         “Award Agreement” means the written or electronic
          agreement setting forth the terms and conditions applicable to an Award.

       

      2.4         “Board” means the Board of Directors of the
          Company.

       

      
        1

        
          

      

      2.5        “Cause” means, unless otherwise determined by the
          Committee in the applicable Award Agreement, with respect to a Participant’s Termination of Employment or Termination of Consultancy, the following: (a) in the case where there is no employment agreement, consulting agreement, change in control
          agreement or similar agreement in effect between the Company or an Affiliate and the Participant at the time of the grant of the Award (or where there is such an agreement but it does not define “cause” (or words of like import)), termination due
          to a Participant’s (i) insubordination, dishonesty, fraud, incompetence, moral turpitude, willful misconduct, refusal to perform the Participant’s duties or responsibilities for any reason other than illness or incapacity or materially
          unsatisfactory performance of the Participant’s duties for the Company or an Affiliate, as determined by the Committee in its good faith discretion or (ii) material breach of any restrictive covenant contained in any employment agreement,
          consulting agreement, change in control agreement or other agreement in effect between the Company or an Affiliate and the Participant; or (b) in the case where there is an employment agreement, consulting agreement, change in control agreement
          or similar agreement in effect between the Company or an Affiliate and the Participant at the time of the grant of the Award that defines “cause” (or words of like import), “cause” as defined under such agreement; provided, however, that with
          regard to any agreement under which the definition of “cause” only applies on occurrence of a change in control, such definition of “cause” shall not apply until a change in control actually takes place and then only with regard to a termination
          thereafter.  With respect to a Participant’s Termination of Directorship, “cause” means an act or failure to act that constitutes cause for removal of a director under applicable Delaware law.

       

      2.6         “Change in Control” has the meaning set forth in
          Section 10.2.

       

      2.7         “Code” means the Internal Revenue Code of 1986, as
          amended.  Any reference to any section of the Code shall also be a reference to any successor provision and any treasury regulation promulgated thereunder.

       

      2.8         “Committee” means any committee of the Board duly
          authorized by the Board to administer the Plan.  If no committee is duly authorized by the Board to administer the Plan, the term “Committee” shall be deemed to refer to the Board for all purposes under the Plan.

       

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

       

      2.10       “Company” means Legacy Reserves Inc., a Delaware
          corporation, and its successors by operation of law.

       

      2.11       “Consultant” means any natural person who is an
          advisor or consultant to the Company or its Affiliates.

       

      2.12       “Disability” means, unless otherwise determined by
          the Committee in the applicable Award Agreement, with respect to a Participant’s Termination, a permanent and total disability as defined in Section 22(e)(3) of the Code.  A Disability shall only be deemed to occur at the time of the
          determination by the Committee of the Disability.  Notwithstanding the foregoing, for Awards that are subject to Section 409A of the Code, Disability shall mean that a Participant is disabled under Section 409A(a)(2)(C)(i) or (ii) of the Code.

       

      2.13       “Effective Date” means the effective date of the
          Plan as defined in Article XIV.

       

      2.14       “Eligible Employees” means each employee of the
          Company or an Affiliate.

       

      
        
          

      

      2.15       “Eligible Individual” means an Eligible Employee,
          Non-Employee Director or Consultant who is designated by the Committee in its discretion as eligible to receive Awards subject to the conditions set forth herein.

       

      2.16       “Established OTC Marketplace” means an
          industry-recognized established over-the-counter marketplace, including (but not limited to) the OTC Markets Group’s OTCQX exchange and OTCQB exchange and other similar trading marketplaces, but excluding, for the avoidance of doubt, the “pink
          sheets” or other similar trading marketplaces.

       

      2.17     “Exchange Act” means the Securities Exchange Act of
          1934, as amended.  Reference to a specific section of the Exchange Act or regulation thereunder shall include such section or regulation, any valid regulation or interpretation promulgated under such section, and any comparable provision of any
          future legislation or regulation amending, supplementing or superseding such section or regulation.

       

      2.18      “Fair Market Value” means, for purposes of the Plan,
          unless otherwise required by any applicable provision of the Code or any regulations issued thereunder, as of any date and except as provided below, the sales price reported for the Common Stock on the applicable date: (a) as reported on the
          principal national securities exchange in the United States on which it is then traded, (b) if the Common Stock is not traded or reported on a national securities exchange in the United States but is quoted on an Established OTC Marketplace, as
          quoted on such Established OTC Marketplace, or (c) if the Common Stock is not traded, listed or otherwise reported or quoted, the Committee shall determine in good faith the Fair Market Value in whatever manner it considers appropriate taking
          into account the requirements of Section 409A of the Code. For purposes of the grant of any Award, the applicable date shall be the last trading day immediately prior to the date on which the Award is granted or, if not a day on which the
          applicable market is open, the trading day immediately prior to the date on which the Award is granted.  For purposes of the exercise of any Award, the applicable date shall be the date a notice of exercise is received by the Committee or, if not
          a day on which the applicable market is open, the next day that it is open.

       

      2.19      “Family Member” means the Participant’s child,
          stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father‐in‐law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, any person
          sharing the Participant’s household (other than a tenant or employee), a trust in which these persons have more than fifty percent (50%) of the beneficial interest, a foundation in which these persons (or the Participant) control the management
          of assets, and any other entity in which these persons (or the Participant) own more than fifty percent (50%) of the voting interests.

       

      2.20       “Incentive Stock Option” means any Stock Option
          awarded to an Eligible Employee of the Company, its Subsidiaries and its Parents (if any) under the Plan intended to be and designated as an “Incentive Stock Option” within the meaning of Section 422 of the Code.

       

      2.21       “Lead Underwriter” has the meaning set forth in
          Section 13.20.

       

      2.22       “Lock-Up Period” has the meaning set forth in
          Section 13.20.

       

      
        
          

      

      2.23       “Non-Employee Director” means a director or a member
          of the Board of the Company or any Affiliate who is not an active employee of the Company or any Affiliate.

       

      2.24       “Non-Qualified Stock Option” means any Stock Option
          awarded under the Plan that is not an Incentive Stock Option.

       

      2.25      “Other Cash-Based Award” means an Award granted
          pursuant to Section 9.3 of the Plan and payable in cash at such time or times and subject to such terms and conditions as determined by the Committee in its sole discretion.

       

      2.26      “Other Stock-Based Award” means an Award under
          Article IX of the Plan that is valued in whole or in part by reference to, or is payable in or otherwise based on, Common Stock, including, without limitation, an Award valued by reference to an Affiliate.

       

      2.27       “Parent” means any parent corporation of the Company
          within the meaning of Section 424(e) of the Code.

       

      2.28       “Participant” means an Eligible Individual to whom
          an Award has been granted pursuant to the Plan.

       

      2.29       “Performance Award” means an Award granted to a
          Participant pursuant to Article IX hereof contingent upon achieving certain performance goals.

       

      2.30       “Performance Period” means the designated period
          during which the performance goals must be satisfied with respect to the Award to which the performance goals relate.

       

      2.31       “Plan” means this Legacy Reserves Inc. 2019
          Management Incentive Plan, as amended from time to time.

       

      2.32       “Plan Sponsor” means GSO Capital Partners LP and its
          successors by operation of law.

       

      2.33       “Proceeding” has the meaning set forth in Section
          13.9.

       

      2.34       “Registration Date” means the date on which the
          Company sells its Common Stock in a bona fide, firm commitment underwriting pursuant to a registration statement under the Securities Act.

       

      2.35       “Reorganization” has the meaning set forth in
          Section 4.2(b)(ii).

       

      2.36       “Restricted Stock” means an Award of shares of
          Common Stock under the Plan that is subject to restrictions under Article VII.

       

      2.37       “Restriction Period” has the meaning set forth in
          Section 7.3(a) with respect to Restricted Stock.

       

      2.38       “Rule 16b-3” means Rule 16b‐3 under Section 16(b) of
          the Exchange Act as then in effect or any successor provision.

       

      
        
          

      

      2.39        “Section 409A of the Code” means the nonqualified
          deferred compensation rules under Section 409A of the Code and any applicable treasury regulations and other official guidance thereunder.

       

      2.40       “Securities Act” means the Securities Act of 1933,
          as amended and all rules and regulations promulgated thereunder.  Reference to a specific section of the Securities Act or regulation thereunder shall include such section or regulation, any valid regulation or interpretation promulgated under
          such section, and any comparable provision of any future legislation or regulation amending, supplementing or superseding such section or regulation.

       

      2.41        “Stock Option” or “Option”
          means any option to purchase shares of Common Stock granted to Eligible Individuals granted pursuant to Article VI.

       

      2.42        “Subsidiary” means any subsidiary corporation of
          the Company within the meaning of Section 424(f) of the Code.

       

      2.43       “Ten Percent Stockholder” means a person owning
          stock possessing more than ten percent (10%) of the total combined voting power of all classes of stock of the Company, its Subsidiaries or its Parent.

       

      2.44        “Termination” means a Termination of Consultancy,
          Termination of Directorship or Termination of Employment, as applicable.

       

      2.45        “Termination of Consultancy” means: (a) that the
          Consultant is no longer acting as a consultant to the Company or an Affiliate; or (b) when an entity which is retaining a Participant as a Consultant ceases to be an Affiliate unless the Participant otherwise is, or thereupon becomes, a
          Consultant to the Company or another Affiliate at the time the entity ceases to be an Affiliate.  In the event that a Consultant becomes an Eligible Employee or a Non‐Employee Director upon the termination of such Consultant’s consultancy, unless
          otherwise determined by the Committee, in its sole discretion, no Termination of Consultancy shall be deemed to occur until such time as such Consultant is no longer a Consultant, an Eligible Employee or a Non-Employee Director.  Notwithstanding
          the foregoing, the Committee may otherwise define Termination of Consultancy in the Award Agreement or, if no rights of a Participant are reduced, may otherwise define Termination of Consultancy thereafter, provided that any such change to the
          definition of the term “Termination of Consultancy” does not subject the applicable Award to Section 409A of the Code.

       

      2.46       “Termination of Directorship” means that the
          Non-Employee Director has ceased to be a director of the Company; except that if a Non-Employee Director becomes an Eligible Employee or a Consultant upon the termination of such Non-Employee Director’s directorship, such Non-Employee Director’s
          ceasing to be a director of the Company shall not be treated as a Termination of Directorship unless and until the Participant has a Termination of Employment or Termination of Consultancy, as the case may be.

       

      
        
          

      

      2.47       “Termination of Employment” means: (a) a termination
          of employment (for reasons other than a military or personal leave of absence granted by the Company) of a Participant from the Company and its Affiliates; or (b) when an entity which is employing a Participant ceases to be an Affiliate, unless
          the Participant otherwise is, or thereupon becomes, employed by the Company or another Affiliate at the time the entity ceases to be an Affiliate.  In the event that an Eligible Employee becomes a Consultant or a Non-Employee Director upon the
          termination of such Eligible Employee’s employment, unless otherwise determined by the Committee, in its sole discretion, no Termination of Employment shall be deemed to occur until such time as such Eligible Employee is no longer an Eligible
          Employee, a Consultant or a Non‐Employee Director.  Notwithstanding the foregoing, the Committee may otherwise define Termination of Employment in the Award Agreement or, if no rights of a Participant are reduced, may otherwise define Termination
          of Employment thereafter, provided that any such change to the definition of the term “Termination of Employment” does not subject the applicable Award to Section 409A of the Code.

       

      2.48       “Transfer” means: (a) when used as a noun, any
          direct or indirect transfer, sale, assignment, pledge, hypothecation, encumbrance or other disposition (including the issuance of equity in any entity), whether for value or no value and whether voluntary or involuntary (including by operation of
          law), and (b) when used as a verb, to directly or indirectly transfer, sell, assign, pledge, encumber, charge, hypothecate or otherwise dispose of (including the issuance of equity in any entity) whether for value or for no value and whether
          voluntarily or involuntarily (including by operation of law).  “Transferred” and “Transferable” shall have a correlative meaning.

       

      ARTICLE III

      ADMINISTRATION

       

      3.1          The Committee. The Plan shall be administered and
          interpreted by the Committee.

       

      3.2        Grants of Awards. The Committee shall have full
          authority to grant, pursuant to the terms of the Plan, to Eligible Individuals: (i) Stock Options, (ii) Restricted Stock Awards, (iii) Performance Awards; (iv) Other Stock-Based Awards; and (v) Other Cash-Based Awards. In particular, the
          Committee shall have the authority:

       

      (a)         to select the Eligible Individuals to whom Awards may from time to time be granted hereunder;

       

      (b)         to determine whether and to what extent Awards, or any combination thereof, are to be granted hereunder to one or
          more Eligible Individuals;

       

      (c)         to determine the number of shares of Common Stock to be covered by each Award granted hereunder;

       

      (d)        to determine the terms and conditions, not inconsistent with the terms of the Plan, of any Award granted hereunder
          (including, but not limited to, the exercise or purchase price (if any), any restriction or limitation, any vesting schedule or acceleration thereof, or any forfeiture restrictions or waiver thereof, regarding any Award and the shares of Common
          Stock relating thereto, based on such factors, if any, as the Committee shall determine, in its sole discretion);

       

      (e)         to determine the amount of cash to be covered by each Award granted hereunder;

       

      (f)          to determine whether, to what extent and under what circumstances grants of Options and other Awards under the Plan
          are to operate on a tandem basis and/or in conjunction with or apart from other awards made by the Company outside of the Plan;

       

      
        
          

      

      (g)         to determine whether and under what circumstances a Stock Option may be settled in cash, Common Stock and/or
          Restricted Stock under Section 6.4;

       

      (h)         to determine whether a Stock Option is an Incentive Stock Option or Non‐Qualified Stock Option;

       

      (i)          to modify, extend or renew an Award, subject to Article XI and Section 6.4(l), provided, however, that such action
          does not subject the Award to Section 409A of the Code without the consent of the Participant; and

       

      (j)         solely to the extent permitted by applicable law, to determine whether, to what extent and under what circumstances
          to provide loans (which may be on a recourse basis and shall bear interest at the rate the Committee shall provide) to Participants in order to exercise Options under the Plan.

       

      3.3          Guidelines. Subject to Article XI hereof, the
          Committee shall have the authority to adopt, alter and repeal such administrative rules, guidelines and practices governing the Plan and perform all acts, including the delegation of its responsibilities (to the extent permitted by applicable law
          and applicable stock exchange rules), as it shall, from time to time, deem advisable; to construe and interpret the terms and provisions of the Plan and any Award issued under the Plan (and any agreements relating thereto); and to otherwise
          supervise the administration of the Plan.  The Committee may correct any defect, supply any omission or reconcile any inconsistency in the Plan or in any agreement relating thereto in the manner and to the extent it shall deem necessary to
          effectuate the purpose and intent of the Plan.  The Committee may adopt special guidelines and provisions for persons who are residing in or employed in, or subject to, the taxes of, any domestic or foreign jurisdictions to comply with applicable
          tax and securities laws of such domestic or foreign jurisdictions.  Notwithstanding the foregoing, no action of the Committee under this Section 3.3 shall impair the rights of any Participant without the Participant’s consent.  To the extent
          applicable, the Plan is intended to comply with the applicable requirements of Rule 16b-3, and the Plan shall be limited, construed and interpreted in a manner so as to comply therewith.

       

      3.4          Decisions Final. Any decision, interpretation or
          other action made or taken in good faith by or at the direction of the Company, the Board or the Committee (or any of its members) arising out of or in connection with the Plan shall be within the absolute discretion of all and each of them, as
          the case may be, and shall be final, binding and conclusive on the Company and all employees and Participants and their respective heirs, executors, administrators, successors and assigns.

       

      3.5         Procedures. If the Committee is appointed, the
          Board shall designate one of the members of the Committee as chairman and the Committee shall hold meetings, subject to the By-Laws of the Company, at such times and places as it shall deem advisable, including, without limitation, by telephone
          conference or by written consent to the extent permitted by applicable law.  A majority of the Committee members shall constitute a quorum.  All determinations of the Committee shall be made by a majority of its members.  Any decision or
          determination reduced to writing and signed by all of the Committee members in accordance with the By-Laws of the Company, shall be fully effective as if it had been made by a vote at a meeting duly called and held.  The Committee shall keep
          minutes of its meetings and shall make such rules and regulations for the conduct of its business as it shall deem advisable.

       

      
        
          

      

      3.6          Designation of Consultants/Liability.

       

      (a)        The Committee may designate employees of the Company and professional advisors to assist the Committee in the
          administration of the Plan and (to the extent permitted by applicable law and applicable exchange rules) may grant authority to officers to grant Awards and/or execute agreements or other documents on behalf of the Committee.  In the event of any
          designation of authority hereunder, subject to applicable law, applicable stock exchange rules and any limitations imposed by the Committee in connection with such designation, such designee or designees shall have the power and authority to take
          such actions, exercise such powers and make such determinations that are otherwise specifically designated to the Committee hereunder.

       

      (b)        The Committee may employ such legal counsel, consultants and agents as it may deem desirable for the administration of
          the Plan and may rely upon any opinion received from any such counsel or consultant and any computation received from any such consultant or agent.  Expenses incurred by the Committee or the Board in the engagement of any such counsel, consultant
          or agent shall be paid by the Company.  The Committee, its members and any person designated pursuant to sub-section (a) above shall not be liable for any action or determination made in good faith with respect to the Plan.  To the maximum extent
          permitted by applicable law, no officer of the Company or member or former member of the Committee or of the Board shall be liable for any action or determination made in good faith with respect to the Plan or any Award granted under it.

       

      3.7          Indemnification. To the maximum extent permitted by
          applicable law and the Certificate of Incorporation and By-Laws of the Company and to the extent not covered by insurance directly insuring such person, each officer or employee of the Company or any Affiliate and member or former member of the
          Committee or the Board shall be indemnified and held harmless by the Company against any cost or expense (including reasonable fees of counsel reasonably acceptable to the Committee) or liability (including any sum paid in settlement of a claim
          with the approval of the Committee), and advanced amounts necessary to pay the foregoing at the earliest time and to the fullest extent permitted, arising out of any act or omission to act in connection with the administration of the Plan, except
          to the extent arising out of such officer’s, employee’s, member’s or former member’s own fraud or bad faith.  Such indemnification shall be in addition to any right of indemnification the employees, officers, directors or members or former
          officers, directors or members may have under applicable law or under the Certificate of Incorporation or By-Laws of the Company or any Affiliate.  Notwithstanding anything else herein, this indemnification will not apply to the actions or
          determinations made by an individual with regard to Awards granted to such individual under the Plan.

       

      
        
          

      

      ARTICLE IV

      SHARE LIMITATION

       

      4.1         Shares. The aggregate number of shares of Common
          Stock that may be issued with respect to Awards under the Plan shall not exceed 6,804,282 shares (the “Share Reserve”).  The maximum number of shares of Common Stock with respect to which Incentive Stock Options may be granted under the
          Plan shall be equal to 6,804,282.  If any Option or Other Stock-Based Awards granted under the Plan expires, terminates or is canceled for any reason without having been exercised in full, the number of shares of Common Stock underlying any
          unexercised Award shall again be available for the purpose of Awards under the Plan.  If any shares of Restricted Stock, Performance Awards or Other Stock-Based Awards denominated in shares of Common Stock awarded under the Plan to a Participant
          are forfeited for any reason, the number of forfeited shares of Restricted Stock, Performance Awards or Other Stock-Based Awards denominated in shares of Common Stock shall again be available for purposes of Awards under the Plan.  Any Award
          under the Plan settled in cash shall not be counted against the foregoing maximum share limitations.  Notwithstanding anything to the contrary contained herein, shares of Common Stock subject to an Award under the Plan shall not again be made
          available for issuance or delivery under the Plan if such shares of Common Stock are shares of Common Stock tendered in payment of the exercise of an Option.  Notwithstanding any other provision of the Plan to the contrary, the aggregate grant
          date fair value (computed as of the date of grant in accordance with applicable financial accounting rules) of all Awards granted to any Non-Employee Director during any single calendar year (excluding Awards made at the election of the Director
          in lieu of all or a portion of annual and committee cash retainers pursuant to Section 6.3) shall not exceed $500,000.

       

      4.2          Changes.

       

      (a)        The existence of the Plan and the Awards granted hereunder shall not affect in any way the right or power of the
          Board, the Committee or the stockholders of the Company to make or authorize (i) any adjustment, recapitalization, reorganization, stock split, or other change in the Company’s capital structure or its business, (ii) any merger or consolidation
          of the Company or any Affiliate, (iii) any issuance of bonds, debentures, preferred or prior preference stock ahead of or affecting the Common Stock, (iv) the dissolution or liquidation of the Company or any Affiliate, (v) any sale or transfer of
          all or part of the assets or business of the Company or any Affiliate or (vi) any other corporate act or proceeding.

       

      (b)         Subject to the provisions of Section 10.1:

       

      (i)       If the Company at any time subdivides (by any split, recapitalization or otherwise) the outstanding Common Stock into
          a greater number of shares of Common Stock, or combines (by reverse split, combination or otherwise) its outstanding Common Stock into a lesser number of shares of Common Stock, then the number of shares of Common Stock available for Awards under
          the Plan shall be appropriately adjusted by the Committee, and the respective exercise prices for outstanding Awards that provide for a Participant elected exercise and the number of shares of Common Stock covered by outstanding Awards shall be
          appropriately adjusted by the Committee to prevent dilution or enlargement of the rights granted to, or available for, Participants under the Plan.

       

      (ii)      Excepting transactions covered by Section 4.2(b)(i), if the Company effects any merger, consolidation, statutory
          exchange, spin-off, reorganization, sale or transfer of all or substantially all the Company’s assets or business, or other corporate transaction or event in such a manner that the Company’s outstanding shares of Common Stock are converted into
          the right to receive (or the holders of Common Stock are entitled to receive in exchange therefor), either immediately or upon liquidation of the Company, securities or other property of the Company or other entity (each, a “Reorganization”), then, subject to the provisions of Section 10.1, (A) the aggregate number or kind of securities that thereafter may be issued under the Plan, (B) the number or kind of securities or
          other property (including cash) to be issued pursuant to Awards granted under the Plan (including as a result of the assumption of the Plan and the obligations hereunder by a successor entity, as applicable), or (C) the purchase price thereof,
          shall be appropriately adjusted by the Committee to prevent dilution or enlargement of the rights granted to, or available for, Participants under the Plan.

       

      
        
          

      

      (iii)     If there shall occur any change in the capital structure of the Company other than those covered by Section 4.2(b)(i)
          or 4.2(b)(ii), including by reason of any extraordinary dividend (whether cash or equity), any conversion, any adjustment, any issuance of any class of securities convertible or exercisable into, or exercisable for, any class of equity securities
          of the Company, in each case, without consideration then the Committee may adjust any Award and make such other adjustments to the Plan to prevent dilution or enlargement of the rights granted to, or available for, Participants under the Plan.

       

      (iv)     Any such adjustment determined by the Committee pursuant to this Section 4.2(b) shall be final, binding and conclusive
          on the Company and all Participants and their respective heirs, executors, administrators, successors and permitted assigns.  Any adjustment to, or assumption or substitution of, an Award under this Section 4.2(b) shall be intended to comply with
          the requirements of Section 409A of the Code and Treasury Regulation §1.424‐1 (and any amendments thereto), to the extent applicable.  Except as expressly provided in this Section 4.2 or in the applicable Award Agreement, a Participant shall have
          no additional rights under the Plan by reason of any transaction or event described in this Section 4.2.

       

      (v)     Fractional shares of Common Stock resulting from any adjustment in Awards pursuant to Section 4.2(a) or this Section
          4.2(b) shall be aggregated until, and eliminated at, the time of exercise or payment by rounding-down for fractions less than one‐half and rounding-up for fractions equal to or greater than one-half.  No cash settlements shall be required with
          respect to fractional shares eliminated by rounding.  Notice of any adjustment shall be given by the Committee to each Participant whose Award has been adjusted and such adjustment (whether or not such notice is given) shall be effective and
          binding for all purposes of the Plan.

       

      4.3        Minimum Purchase Price. Notwithstanding any
          provision of the Plan to the contrary, if authorized but previously unissued shares of Common Stock are issued under the Plan, such shares shall not be issued for a consideration that is less than as permitted under applicable law.

       

      ARTICLE V

      ELIGIBILITY

       

      5.1         General Eligibility. All current and prospective
          Eligible Individuals are eligible to be granted Awards.  Eligibility for the grant of Awards and actual participation in the Plan shall be determined by the Committee in its sole discretion.  The Committee shall have full discretion to treat
          different Participants under the Plan differently in any circumstance.

       

      
        
          

      

      5.2         Incentive Stock Options. Notwithstanding the
          foregoing, only Eligible Employees of the Company, its Subsidiaries and its Parent (if any) are eligible to be granted Incentive Stock Options under the Plan.  Eligibility for the grant of an Incentive Stock Option and actual participation in the
          Plan shall be determined by the Committee in its sole discretion.

       

      5.3        General Requirement. The vesting and exercise of
          Awards granted to a prospective Eligible Individual are conditioned upon such individual actually becoming an Eligible Employee, Consultant or Non-Employee Director, respectively.

       

      ARTICLE VI

      STOCK OPTIONS

       

      6.1         Options. Stock Options may be granted alone or in
          addition to other Awards granted under the Plan.  Each Stock Option granted under the Plan shall be of one of two types: (a) an Incentive Stock Option or (b) a Non-Qualified Stock Option.

       

      6.2         Grants. The Committee shall have the authority to
          grant to any Eligible Employee one or more Incentive Stock Options, Non-Qualified Stock Options, or both types of Stock Options.  The Committee shall have the authority to grant any Consultant or Non‐Employee Director one or more Non-Qualified
          Stock Options.  To the extent that any Stock Option does not qualify as an Incentive Stock Option (whether because of its provisions or the time or manner of its exercise or otherwise), such Stock Option or the portion thereof which does not so
          qualify shall constitute a separate Non-Qualified Stock Option.

       

      6.3         Incentive Stock Options. Notwithstanding anything
          in the Plan to the contrary, no term of the Plan relating to Incentive Stock Options shall be interpreted, amended or altered, nor shall any discretion or authority granted under the Plan be so exercised, so as to disqualify the Plan under
          Section 422 of the Code, or, without the consent of the Participants affected, to disqualify any Incentive Stock Option under such Section 422.

       

      6.4         Terms of Options. Options granted under the Plan
          shall be subject to the following terms and conditions and shall be in such form and contain such additional terms and conditions, not inconsistent with the terms of the Plan, as the Committee shall deem desirable:

       

      (a)         Exercise Price. The exercise price per share of Common Stock subject to a Stock Option shall be determined by the Committee at the
          time of grant, provided that the per share exercise price of a Stock Option shall not be less than 100% (or, in the case of an Incentive Stock Option granted to a Ten Percent Stockholder, 110%) of the Fair Market Value of the Common Stock at the
          time of grant.

       

      (b)         Stock Option Term. The term of each Stock Option shall be fixed by the Committee, provided that no Stock
          Option shall be exercisable more than 10 years after the date the Option is granted; and provided further that the term of an Incentive Stock Option granted to a Ten Percent Stockholder shall not exceed five years.

       

      
        
          

      

      (c)        Exercisability. Unless otherwise provided by the Committee in accordance with the provisions of this Section
          6.4, Stock Options granted under the Plan shall be exercisable at such time or times and subject to such terms and conditions as shall be determined by the Committee at the time of grant.  If the Committee provides, in its discretion, that any
          Stock Option is exercisable subject to certain limitations (including, without limitation, that such Stock Option is exercisable only in installments or within certain time periods), the Committee may waive such limitations on the exercisability
          at any time at or after the time of grant in whole or in part (including, without limitation, waiver of the installment exercise provisions or acceleration of the time at which such Stock Option may be exercised), based on such factors, if any,
          as the Committee shall determine, in its sole discretion.

       

      (d)        Method of Exercise. Subject to whatever installment exercise and waiting period provisions apply under Section
          6.4(c), to the extent vested, Stock Options may be exercised in whole or in part at any time during the Option term, by giving written notice of exercise to the Company specifying the number of shares of Common Stock to be purchased.  Such notice
          shall be accompanied by payment in full of the purchase price as follows: (i) in cash or by check, bank draft or money order payable to the order of the Company; (ii) solely to the extent permitted by applicable law, if the Common Stock is traded
          on a national securities exchange, and the Committee authorizes, through a procedure whereby the Participant delivers irrevocable instructions to a broker reasonably acceptable to the Committee to deliver promptly to the Company an amount equal
          to the purchase price; or (iii) on such other terms and conditions as may be acceptable to the Committee (including, without limitation, with the consent of the Committee or as set forth in the applicable Award Agreement, having the Company
          withhold shares of Common Stock issuable upon exercise of the Stock Option, or by payment in full or in part in the form of Common Stock owned by the Participant, based on the Fair Market Value of the Common Stock on the payment date as
          determined by the Committee).  No shares of Common Stock shall be issued until payment therefor, as provided herein, has been made or provided for.

       

      (e)        Non-Transferability of Options. No Stock Option shall be Transferable by the Participant other than by will or
          by the laws of descent and distribution, and all Stock Options shall be exercisable, during the Participant’s lifetime, only by the Participant.  Notwithstanding the foregoing, the Committee may determine, in its sole discretion, at the time of
          grant or thereafter that a Non-Qualified Stock Option that is otherwise not Transferable pursuant to this Section is Transferable to a Family Member in whole or in part and in such circumstances, and under such conditions, as specified by the
          Committee.  A Non-Qualified Stock Option that is Transferred to a Family Member pursuant to the preceding sentence (i) may not be subsequently Transferred other than by will or by the laws of descent and distribution and (ii) remains subject to
          the terms of the Plan and the applicable Award Agreement.  Any shares of Common Stock acquired upon the exercise of a Non-Qualified Stock Option by a permissible transferee of a Non-Qualified Stock Option or a permissible transferee pursuant to a
          Transfer after the exercise of the Non-Qualified Stock Option shall be subject to the terms of the Plan and the applicable Award Agreement.

       

      (f)         Termination by Death or Disability. Unless otherwise determined by the Committee at the time of grant, or if
          no rights of the Participant are reduced, thereafter, if a Participant’s Termination is by reason of death or Disability, all Stock Options that are held by such Participant that are vested and exercisable at the time of the Participant’s
          Termination may be exercised by the Participant (or in the case of the Participant’s death, by the legal representative of the Participant’s estate) at any time within a period of one (1) year from the date of such Termination, but in no event
          beyond the expiration of the stated term of such Stock Options; provided, however, that, in the event of a Participant’s Termination by reason of Disability, if the Participant dies within such exercise period, all unexercised Stock Options held
          by such Participant shall thereafter be exercisable, to the extent to which they were exercisable at the time of death, for a period of one (1) year from the date of such death, but in no event beyond the expiration of the stated term of such
          Stock Options.

       

      
        
          

      

      (g)        Involuntary Termination Without Cause. Unless otherwise determined by the Committee at the time of grant, or if
          no rights of the Participant are reduced, thereafter, if a Participant’s Termination is by involuntary termination by the Company without Cause, all Stock Options that are held by such Participant that are vested and exercisable at the time of
          the Participant’s Termination may be exercised by the Participant at any time within a period of one-hundred and eighty (180) days from the date of such Termination, but in no event beyond the expiration of the stated term of such Stock Options.

       

      (h)        Voluntary Resignation. Unless otherwise determined by the Committee at the time of grant, or if no rights of
          the Participant are reduced, thereafter, if a Participant’s Termination is voluntary (other than a voluntary termination described in Section 6.4(i) (y) hereof), all Stock Options that are held by such Participant that are vested and exercisable
          at the time of the Participant’s Termination may be exercised by the Participant at any time within a period of one-hundred and eighty (180) days from the date of such Termination, but in no event beyond the expiration of the stated term of such
          Stock Options.

       

      (i)         Termination for Cause. Unless otherwise determined by the Committee at the time of grant, or if no rights of
          the Participant are reduced, thereafter, if a Participant’s Termination (x) is for Cause or (y) is a voluntary Termination (as provided in Section 6.4(h)) after the occurrence of an event that would be grounds for a Termination for Cause, all
          Stock Options, whether vested or not vested, that are held by such Participant shall thereupon terminate and expire as of the date of such Termination.

       

      (j)         Unvested Stock Options. Unless otherwise determined by the Committee at the time of grant, or if no rights of
          the Participant are reduced, thereafter, Stock Options that are not vested as of the date of a Participant’s Termination for any reason shall terminate and expire as of the date of such Termination.

       

      (k)         Incentive Stock Option Limitations. To the extent that the aggregate Fair Market Value (determined as of the
          time of grant) of the Common Stock with respect to which Incentive Stock Options are exercisable for the first time by an Eligible Employee during any calendar year under the Plan and/or any other stock option plan of the Company, any Subsidiary
          or any Parent exceeds $100,000, such Options shall be treated as Non-Qualified Stock Options.  In addition, if an Eligible Employee does not remain employed by the Company, any Subsidiary or any Parent at all times from the time an Incentive
          Stock Option is granted until three months prior to the date of exercise thereof (or such other period as required by applicable law), such Stock Option shall be treated as a Non-Qualified Stock Option.  Should any provision of the Plan not be
          necessary in order for the Stock Options to qualify as Incentive Stock Options, or should any additional provisions be required, the Committee may amend the Plan accordingly, without the necessity of obtaining the approval of the stockholders of
          the Company.

       

      
        
          

      

      (l)        Form, Modification, Extension and Renewal of Stock Options. Subject to the terms and conditions and within the
          limitations of the Plan, Stock Options shall be evidenced by such form of agreement or grant as is approved by the Committee, and the Committee may (i) modify, extend or renew outstanding Stock Options granted under the Plan (provided that the
          rights of a Participant are not reduced without such Participant’s consent and provided further that such action does not subject the Stock Options to Section 409A of the Code without the consent of the Participant), and (ii) accept the surrender
          of outstanding Stock Options (to the extent not theretofore exercised) and authorize the granting of new Stock Options in substitution therefor (to the extent not theretofore exercised).  Notwithstanding the foregoing, an outstanding Option may
          not be modified to reduce the exercise price thereof nor may a new Option at a lower price be substituted for a surrendered Option (other than adjustments or substitutions in accordance with Section 4.2), unless such action is approved by the
          stockholders of the Company.

       

      (m)       Deferred Delivery of Common Stock. The Committee may in its discretion permit Participants to defer delivery of
          Common Stock acquired pursuant to a Participant’s exercise of an Option in accordance with the terms and conditions established by the Committee in the applicable Award Agreement, which shall be intended to comply with the requirements of Section
          409A of the Code.

       

      (n)         Early Exercise. The Committee may provide that a Stock Option include a provision whereby the Participant may
          elect at any time before the Participant’s Termination to exercise the Stock Option as to any part or all of the shares of Common Stock subject to the Stock Option prior to the full vesting of the Stock Option and such shares shall be subject to
          the provisions of Article VII and be treated as Restricted Stock.  Unvested shares of Common Stock so purchased may be subject to a repurchase option in favor of the Company or to any other restriction the Committee determines to be appropriate.

       

      (o)        Other Terms and Conditions. The Committee may include a provision in an Award Agreement providing for the
          automatic exercise of a Non-Qualified Stock Option on a cashless basis on the last day of the term of such Option if the Participant has failed to exercise the Non-Qualified Stock Option as of such date, with respect to which the Fair Market
          Value of the shares of Common Stock underlying the Non-Qualified Stock Option exceeds the exercise price of such Non-Qualified Stock Option on the date of expiration of such Option, subject to Section 13.4.  Stock Options may contain such other
          provisions, which shall not be inconsistent with any of the terms of the Plan, as the Committee shall deem appropriate.

       

      ARTICLE VII

      RESTRICTED STOCK

       

      7.1         Awards of Restricted Stock. Shares of Restricted
          Stock may be issued either alone or in addition to other Awards granted under the Plan.  The Committee shall determine the Eligible Individuals, to whom, and the time or times at which, grants of Restricted Stock shall be made, the number of
          shares to be awarded, the price (if any) to be paid by the Participant (subject to Section 8.2), the time or times within which such Awards may be subject to forfeiture, the vesting schedule and rights to acceleration thereof, and all other terms
          and conditions of the Awards.

       

      
        
          

      

      The Committee may condition the grant or vesting of Restricted Stock upon the attainment of specified performance targets (including, the performance goals) or such other factor as the Committee
        may determine in its sole discretion.

       

      7.2         Awards and Certificates. Eligible Individuals
          selected to receive Restricted Stock shall not have any right with respect to such Award, unless and until such Participant has delivered a fully executed copy of the agreement evidencing the Award to the Company, to the extent required by the
          Committee, and has otherwise complied with the applicable terms and conditions of such Award.  Further, such Award shall be subject to the following conditions:

       

      (a)         Purchase Price. The purchase price of Restricted Stock shall be fixed by the Committee.  Subject to Section
          4.3, the purchase price for shares of Restricted Stock may be zero to the extent permitted by applicable law, and, to the extent not so permitted, such purchase price may not be less than par value.

       

      (b)         Acceptance. Awards of Restricted Stock must be accepted within a period of 60 days (or such shorter period as
          the Committee may specify at grant) after the grant date, by executing a Restricted Stock agreement and by paying whatever price (if any) the Committee has designated thereunder.

       

      (c)        Legend. Each Participant receiving Restricted Stock shall be issued a stock certificate in respect of such
          shares of Restricted Stock, unless the Committee elects to use another system, such as book entries by the transfer agent, as evidencing ownership of shares of Restricted Stock.  Such certificate shall be registered in the name of such
          Participant, and shall, in addition to such legends required by applicable securities laws, bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Award, substantially in the following form:

       

      “The anticipation, alienation, attachment, sale, transfer, assignment, pledge, encumbrance or charge of the shares of stock represented hereby are subject to the terms and conditions (including
        forfeiture) of the Legacy Reserves Inc. (the “Company”) 2019 Management Incentive Plan (the “Plan”) and an Agreement entered into between the registered owner and the Company dated ____________.  Copies of such Plan and Agreement are on file at the
        principal office of the Company.”

       

      (d)        Custody. If stock certificates are issued in respect of shares of Restricted Stock, the Committee may require
          that any stock certificates evidencing such shares be held in custody by the Company until the restrictions thereon shall have lapsed, and that, as a condition of any grant of Restricted Stock, the Participant shall have delivered a duly signed
          stock power or other instruments of assignment (including a power of attorney), each endorsed in blank with a guarantee of signature if deemed necessary or appropriate by the Company, which would permit transfer to the Company of all or a portion
          of the shares subject to the Restricted Stock in the event that such Award is forfeited in whole or part.

       

      
        
          

      

      7.3        Restrictions and Conditions. The shares of
          Restricted Stock awarded pursuant to the Plan shall be subject to the following restrictions and conditions:

       

      (a)         Restriction Period. i) The Participant shall not be permitted to Transfer shares of Restricted Stock awarded
          under the Plan during the period or periods set by the Committee (the “Restriction Period”) commencing on the date of such Award, as set forth in the Restricted Stock Award Agreement and such
          agreement shall set forth a vesting schedule and any event that would accelerate vesting of the shares of Restricted Stock.  Within these limits, based on service, attainment of performance goals and/or such other factors or criteria as the
          Committee may determine in its sole discretion, the Committee may condition the grant or provide for the lapse of such restrictions in installments in whole or in part, or may accelerate the vesting of all or any part of any Restricted Stock
          Award and/or waive the deferral limitations for all or any part of any Restricted Stock Award.

       

      (ii)     If the grant of shares of Restricted Stock or the lapse of restrictions is based on the attainment of
          performance goals, the Committee shall establish the objective performance goals and the applicable vesting percentage of the Restricted Stock applicable to each Participant or class of Participants in writing prior to the beginning of the
          applicable fiscal year or at such later date as otherwise determined by the Committee.  Such performance goals may incorporate provisions for disregarding (or adjusting for) changes in accounting methods, corporate transactions (including,
          without limitation, dispositions and acquisitions) and other similar type events or circumstances.

       

      (b)        Rights as a Stockholder. Except as provided in Section 7.3(a) and this Section 7.3(b) or as otherwise
          determined by the Committee in an Award Agreement, the Participant shall have, with respect to the shares of Restricted Stock, all of the rights of a holder of shares of Common Stock of the Company, including, without limitation, the right to
          vote such shares and, subject to and conditioned upon the full vesting of shares of Restricted Stock, the right to tender such shares and the right to receive dividends or other distributions paid with respect to the Restricted Stock; provided,
          that any such dividends or other distributions will be subject to the same vesting requirements as the underlying Restricted Stock and shall be paid at the time the Restricted Stock becomes vested.  If any dividends or distributions are paid in
          shares of Common Stock or other property, such shares (or property) shall be deposited with the Company and shall be subject to the same restrictions on transferability and forfeitability as the Restricted Stock with respect to which they were
          paid.

       

      (c)        Termination. Unless otherwise determined by the Committee at grant or, if no rights of the Participant are
          reduced, thereafter, subject to the applicable provisions of the Award Agreement and the Plan, upon a Participant’s Termination for any reason during the relevant Restriction Period, all Restricted Stock still subject to restriction will be
          forfeited in accordance with the terms and conditions established by the Committee at grant or thereafter.

       

      (d)         Lapse of Restrictions. If and when the Restriction Period expires without a prior forfeiture of the Restricted
          Stock, the certificates for such shares shall be delivered to the Participant.  All legends shall be removed from said certificates at the time of delivery to the Participant, except as otherwise required by applicable law or other limitations
          imposed by the Committee.

       

      
        
          

      

      ARTICLE VIII

      PERFORMANCE AWARDS

       

      8.1        Performance Awards. The Committee may grant a
          Performance Award to a Participant payable upon the attainment of specific performance goals.  If the Performance Award is payable in shares of Restricted Stock, such shares shall be transferable to the Participant only upon attainment of the
          relevant performance goal in accordance with Article VII.  If the Performance Award is denominated as a cash amount, it may be paid upon the attainment of the relevant performance goals either in cash or in shares of Common Stock (based on the
          then current Fair Market Value of such shares), as determined by the Committee, in its sole and absolute discretion.  Each Performance Award shall be evidenced by an Award Agreement in such form that is not inconsistent with the Plan and that the
          Committee may from time to time approve.

       

      8.2         Terms and Conditions. Performance Awards awarded
          pursuant to this Article VIII shall be subject to the following terms and conditions:

       

      (a)         Earning of Performance Award. At the expiration of the applicable Performance Period, the Committee shall
          determine the extent to which the performance goals are achieved and the percentage of each Performance Award that has been earned.

       

      (b)         Non-Transferability. Subject to the applicable provisions of the Award Agreement and the Plan, Performance
          Awards may not be Transferred during the Performance Period.

       

      (c)         Dividends. Unless otherwise determined by the Committee at the time of grant, amounts equal to dividends
          declared during the Performance Period with respect to the number of shares of Common Stock covered by a Performance Award will be accumulated and paid upon vesting.

       

      (d)        Payment. Following the Committee’s determination in accordance with Section 8.2(a), the Company shall settle
          Performance Awards, in such form (including, without limitation, in shares of Common Stock or in cash) as determined by the Committee, in an amount equal to such Participant’s earned Performance Awards.

       

      (e)        Termination. Subject to the applicable provisions of the Award Agreement and the Plan, upon a Participant’s
          Termination for any reason during the Performance Period for a given Performance Award, the Performance Award in question will vest or be forfeited in accordance with the terms and conditions established by the Committee at grant.

       

      (f)         Accelerated Vesting. Based on service, performance and/or such other factors or criteria, if any, as the
          Committee may determine, the Committee may, at or after grant, accelerate the vesting of all or any part of any Performance Award.

       

      
        
          

      

      ARTICLE IX

      OTHER STOCK-BASED AND CASH-BASED AWARDS

       

      9.1        Other Stock-Based Awards. The Committee is
          authorized to grant to Eligible Individuals Other Stock-Based Awards that are payable in, valued in whole or in part by reference to, or otherwise based on or related to shares of Common Stock, including but not limited to, shares of Common Stock
          awarded purely as a bonus and not subject to restrictions or conditions, shares of Common Stock in payment of the amounts due under an incentive or performance plan sponsored or maintained by the Company or an Affiliate, stock equivalent units,
          restricted stock units, and Awards valued by reference to book value of shares of Common Stock.  Other Stock-Based Awards may be granted either alone or in addition to or in tandem with other Awards granted under the Plan.

       

      Subject to the provisions of the Plan, the Committee shall have authority to determine the Eligible Individuals, to whom, and the time or times at which, such Awards shall be made, the number of
        shares of Common Stock to be awarded pursuant to such Awards, and all other conditions of the Awards.  The Committee may also provide for the grant of Common Stock under such Awards upon the completion of a specified Performance Period.

       

      The Committee may condition the grant or vesting of Other Stock-Based Awards upon the attainment of specified performance goals as the Committee may determine, in its sole discretion.

       

      9.2         Terms and Conditions. Other Stock-Based Awards made
          pursuant to this Article IX shall be subject to the following terms and conditions:

       

      (a)         Non-Transferability. Subject to the applicable provisions of the Award Agreement and the Plan, shares of
          Common Stock subject to Awards made under this Article IX may not be Transferred prior to the date on which the shares are issued, or, if later, the date on which any applicable restriction, performance or deferral period lapses.

       

      (b)         Dividends. Unless otherwise determined by the Committee at the time of the Award, subject to the provisions of
          the Award Agreement and the Plan, dividends or dividend equivalents in respect of the number of shares of Common Stock covered by the Award shall be accumulated and paid upon vesting.

       

      (c)        Vesting. Any Award under this Article IX and any Common Stock covered by any such Award shall vest or be
          forfeited to the extent so provided in the Award Agreement, as determined by the Committee, in its sole discretion.

       

      (d)        Price. Common Stock issued on a bonus basis under this Article IX may be
          issued for no cash consideration.  Common Stock purchased pursuant to a purchase right awarded under this Article IX shall be priced, as determined by the Committee in its sole discretion.

       

      9.3        Other Cash-Based Awards. The Committee may from time
          to time grant Other Cash-Based Awards to Eligible Individuals in such amounts, on such terms and conditions, and for such consideration, including no consideration or such minimum consideration as may be required by applicable law, as it shall
          determine in its sole discretion.  Other Cash-Based Awards may be granted subject to the satisfaction of vesting conditions or may be awarded purely as a bonus and not subject to restrictions or conditions, and if subject to vesting conditions,
          the Committee may accelerate the vesting of such Awards at any time in its sole discretion.  The grant of an Other Cash-Based Award shall not require a segregation of any of the Company’s assets for satisfaction of the Company’s payment
          obligation thereunder.

       

      
        
          

      

      ARTICLE X

      CHANGE IN CONTROL PROVISIONS

       

      10.1       Benefits. In the event of a Change in Control of the
          Company (as defined below), and except as otherwise provided by the Committee in an Award Agreement, the Compensation Committee may treat a Participant’s Award in accordance with one or more of the following methods as determined by the
          Committee:

       

      (a)         Awards, whether or not then vested, shall be continued, assumed, or have new rights substituted therefor, as
          determined by the Committee in a manner consistent with the requirements of Section 409A of the Code, and restrictions to which shares of Restricted Stock or any other Award granted prior to the Change in Control are subject shall not lapse upon
          a Change in Control and the Restricted Stock or other Award shall, where appropriate in the sole discretion of the Committee, receive the same distribution as other Common Stock on such terms as determined by the Committee; provided that the
          Committee may decide to award additional Restricted Stock or other Awards in lieu of any cash distribution.  Notwithstanding anything to the contrary herein, for purposes of Incentive Stock Options, any assumed or substituted Stock Option shall
          comply with the requirements of Treasury Regulation Section 1.424-1 (and any amendment thereto).

       

      (b)         The Committee, in its sole discretion, may provide for the purchase of any Awards by the Company or an Affiliate for
          an amount of cash equal to the excess (if any) of the Change in Control Price (as defined below) of the shares of Common Stock covered by such Awards, over the aggregate exercise price of such Awards.  For purposes hereof, “Change in Control Price” shall mean the highest price per share of Common Stock paid in any transaction related to a Change in Control of the Company.

       

      (c)        The Committee may, in its sole discretion, terminate all outstanding and unexercised Stock Options or any Other Stock-
          Based Award that provides for a Participant elected exercise, effective as of the date of the Change in Control, by delivering notice of termination to each Participant at least twenty (20) days prior to the date of consummation of the Change in
          Control, in which case during the period from the date on which such notice of termination is delivered to the consummation of the Change in Control, each such Participant shall have the right to exercise in full all of such Participant’s Awards
          that are then outstanding (without regard to any limitations on exercisability otherwise contained in the Award Agreements), but any such exercise shall be contingent on the occurrence of the Change in Control, and, provided that, if the Change
          in Control does not take place within a specified period after giving such notice for any reason whatsoever, the notice and exercise pursuant thereto shall be null and void.

       

      (d)          Notwithstanding any other provision herein to the contrary, the Committee may, in its sole discretion, provide for
          accelerated vesting or lapse of restrictions, of an Award at any time.

       

      
        
          

      

      10.2      Change in Control. Unless otherwise determined by the
          Committee in the applicable Award Agreement or other written agreement with a Participant approved by the Committee, a “Change in Control” shall be deemed to occur if:

       

      (a)         any “person,” as such term is used in Sections 13(d) and 14(d) of the Exchange Act (other than the Company, any
          trustee or other fiduciary holding securities under any employee benefit plan of the Company, or any company owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of Common
          Stock of the Company), becoming the beneficial owner (as defined in Rule 13d‐3 under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the Company’s then outstanding
          securities, excluding for purposes herein, acquisitions pursuant to a Business Combination (as defined below) that does not constitute a Change in Control as defined in Section 10.2(b) herein;

       

      (b)         a merger, reorganization, or consolidation of the Company or in which equity securities of the Company are issued
          (each, a “Business Combination”), other than a merger, reorganization or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to
          represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its Parent) more than 50% of the combined voting power of the voting securities of the Company or such surviving entity (or, as
          applicable, the Parent of the Company or such surviving entity) outstanding immediately after such merger or consolidation; provided, however, that a merger or consolidation effected to implement a recapitalization of the Company (or similar
          transaction) in which no person (other than those covered by the exceptions in Section 10.2(a)) acquires more than 50% of the combined voting power of the Company’s then outstanding securities shall not constitute a Change in Control of the
          Company; or

       

      (c)       a complete liquidation or dissolution of the Company or the consummation of a sale or disposition by the Company of all
          or substantially all of the Company’s assets other than the sale or disposition of all or substantially all of the assets of the Company to a person or persons who beneficially own, directly or indirectly, 50% or more of the combined voting power
          of the outstanding voting securities of the Company at the time of the sale.

       

      For purposes herein, a Change in Control shall not occur (x) if such event is triggered by any acquisitions by GSO Capital Partners LP or its Affiliates (collectively, “GSO”)
        or any funds managed or advised by GSO, or (y) solely as a result of the Company’s entry into or emergence from bankruptcy.  Notwithstanding the foregoing, with respect to any Award that is characterized as “nonqualified deferred compensation”
        within the meaning of Section 409A of the Code, an event shall not be considered to be a Change in Control under the Plan for purposes of payment of such Award unless such event is also a “change in ownership,” a “change in effective control” or a
        “change in the ownership of a substantial portion of the assets” of the Company within the meaning of Section 409A of the Code.

       

      
        
          

      

      ARTICLE XI

      TERMINATION OR AMENDMENT PLAN

       

      Notwithstanding any other provision of the Plan, the Board may at any time, and from time to time, amend, in whole or in part, any or all of the provisions of the Plan (including any amendment
        deemed necessary to ensure that the Company may comply with any regulatory requirement referred to in Article XIII or Section 409A of the Code), or suspend or terminate it entirely, retroactively or otherwise; provided, however, that, unless
        otherwise required by law or specifically provided herein, the rights of a Participant with respect to Awards granted prior to such amendment, suspension or termination, may not be impaired without the consent of such Participant and, provided
        further, that without the approval of the holders of the Company’s Common Stock entitled to vote in accordance with applicable law, no amendment may be made that would (i) increase the aggregate number of shares of Common Stock that may be issued
        under the Plan (except by operation of Section 4.2); (ii) change the classification of individuals eligible to receive Awards under the Plan; (iii) decrease the minimum Stock Option price of any Stock Option; (iv) extend the maximum option period
        under Section 6.4; (v) award any Stock Option in replacement of a canceled Stock Option with a higher exercise price than the replacement award; or (vi) require stockholder approval in order for the Plan to continue to comply with the applicable
        provisions of Section 422 of the Code. Notwithstanding anything herein to the contrary, the Board may amend the Plan or any Award Agreement at any time without a Participant’s consent to comply with applicable law including Section 409A of the
        Code.  The Committee may amend the terms of any Award theretofore granted, prospectively or retroactively, but, subject to Article IV or as otherwise specifically provided herein, no such amendment or other action by the Committee shall impair the
        rights of any holder without the holder’s consent.

       

      ARTICLE XII

      UNFUNDED STATUS OF PLAN

       

      The Plan is intended to constitute an “unfunded” plan for incentive and deferred compensation.  With respect to any payment as to which a Participant has a fixed and vested interest but which are
        not yet made to a Participant by the Company, nothing contained herein shall give any such Participant any right that is greater than those of a general unsecured creditor of the Company.

       

      ARTICLE XIII

      GENERAL PROVISIONS

       

      13.1       Legend. The Committee may require each person
          receiving shares of Common Stock pursuant to a Stock Option or other Award under the Plan to represent to and agree with the Company in writing that the Participant is acquiring the shares without a view to distribution thereof.  In addition to
          any legend required by the Plan, the certificates for such shares may include any legend that the Committee deems appropriate to reflect any restrictions on Transfer.  All certificates for shares of Common Stock delivered under the Plan shall be
          subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the rules, regulations and other requirements of the Securities and Exchange Commission, any stock exchange upon which the Common Stock is then
          listed or any national securities exchange system upon whose system the Common Stock is then quoted, any applicable federal or state securities law, and any applicable corporate law, and the Committee may cause a legend or legends to be put on
          any such certificates to make appropriate reference to such restrictions.

       

      
        
          

      

      13.2      Other Plans. Nothing contained in the Plan shall
          prevent the Board from adopting other or additional compensation arrangements, subject to stockholder approval if such approval is required, and such arrangements may be either generally applicable or applicable only in specific cases.

       

      13.3      No Right to Employment/Directorship/Consultancy.
          Neither the Plan nor the grant of any Option or other Award hereunder shall give any Participant or other employee, Consultant or Non-Employee Director any right with respect to continuance of employment, consultancy or directorship by the
          Company or any Affiliate, nor shall there be a limitation in any way on the right of the Company or any Affiliate by which an employee is employed or a Consultant or Non-Employee Director is retained to terminate such employment, consultancy or
          directorship at any time.

       

      13.4       Withholding of Taxes. The Company shall have the
          right to deduct from any payment to be made pursuant to the Plan, or to otherwise require, prior to the issuance or delivery of shares of Common Stock or the payment of any cash hereunder, payment by the Participant of, any federal, state or
          local taxes required by law to be withheld.  Upon the vesting of Restricted Stock (or other Award that is taxable upon vesting), or upon making an election under Section 83(b) of the Code, a Participant shall pay all required withholding to the
          Company.  Any applicable withholding obligation or any other tax obligation with regard to any Participant may be satisfied, subject to the consent of the Committee, by reducing the number of shares of Common Stock otherwise deliverable or by
          delivering shares of Common Stock already owned.  Any fraction of a share of Common Stock required to satisfy such tax obligations shall be disregarded and the amount due shall be paid instead in cash by the Participant.

       

      13.5     No Assignment of Benefits. No Award or other benefit
          payable under the Plan shall, except as otherwise specifically provided by law or permitted by the Committee, be Transferable in any manner, and any attempt to Transfer any such benefit shall be void, and any such benefit shall not in any manner
          be liable for or subject to the debts, contracts, liabilities, engagements or torts of any person who shall be entitled to such benefit, nor shall it be subject to attachment or legal process for or against such person.

       

      13.6       Listing and Other Conditions.

       

      (a)         Unless otherwise determined by the Committee, if at any time the Common Stock is listed on a national securities
          exchange or system sponsored by a national securities association, the issuance of shares of Common Stock pursuant to an Award shall be conditioned upon such shares being listed on such exchange or system and the Company shall have no obligation
          to issue such shares unless and until such shares are so listed, and the right to exercise any Option or other Award with respect to such shares shall be suspended until such listing has been effected.

       

      
        
          

      

      (b)        If at any time counsel to the Company shall be of the opinion that any sale or delivery of shares of Common Stock
          pursuant to an Option or other Award is or may in the circumstances be unlawful or result in the imposition of excise taxes on the Company under the statutes, rules or regulations of any applicable jurisdiction, the Company shall have no
          obligation to make such sale or delivery, or to make any application or to effect or to maintain any qualification or registration under the Securities Act or otherwise, with respect to shares of Common Stock or Awards, and the right to exercise
          any Option or other Award shall be suspended until, in the opinion of said counsel, such sale or delivery shall be lawful or will not result in the imposition of excise taxes on the Company.

       

      (c)         Upon termination of any period of suspension under this Section 13.6, any Award affected by such suspension which
          shall not then have expired or terminated shall be reinstated as to all shares available before such suspension and as to shares which would otherwise have become available during the period of such suspension, but no such suspension shall extend
          the term of any Award.

       

      (d)        A Participant shall be required to supply the Company with certificates, representations and information that the
          Company requests and otherwise cooperate with the Company in obtaining any listing, registration, qualification, exemption, consent or approval the Company deems necessary or appropriate.

       

      13.7       Stockholders Agreement and Other Requirements.
          Notwithstanding anything herein to the contrary, as a condition to the receipt of shares of Common Stock pursuant to an Award under the Plan, to the extent required by the Committee, the Participant shall execute and deliver a stockholder’s
          agreement or such other documentation that shall set forth certain restrictions on transferability of the shares of Common Stock acquired upon exercise or purchase, and such other terms as the Board or Committee shall from time to time
          establish.  Such stockholder’s agreement or other documentation shall apply to the Common Stock acquired under the Plan and covered by such stockholder’s agreement or other documentation.  The Company may require, as a condition of exercise, the
          Participant to become a party to any other existing stockholder agreement (or other agreement).

       

      13.8       Governing Law. The Plan and actions taken in
          connection herewith shall be governed and construed in accordance with the laws of the State of Delaware (regardless of the law that might otherwise govern under applicable Delaware principles of conflict of laws).

       

      13.9       Jurisdiction; Waiver of Jury Trial. Any suit, action
          or proceeding with respect to the Plan or any Award Agreement, or any judgment entered by any court of competent jurisdiction in respect of any thereof, shall be resolved only in the courts of the State of Delaware or the United States District
          Court for the District of Delaware and the appellate courts having jurisdiction of appeals in such courts. In that context, and without limiting the generality of the foregoing, the Company and each Participant shall irrevocably and
          unconditionally (a) submit in any proceeding relating to the Plan or any Award Agreement, or for the recognition and enforcement of any judgment in respect thereof (a “Proceeding”), to the exclusive
          jurisdiction of the courts of the State of Delaware, the court of the United States of America for the District of Delaware, and appellate courts having jurisdiction of appeals from any of the foregoing, and agree that all claims in respect of
          any such Proceeding shall be heard and determined in such Delaware State court or, to the extent permitted by law, in such federal court, (b) consent that any such Proceeding may and shall be brought in such courts and waives any objection that
          the Company and each Participant may now or thereafter have to the venue or jurisdiction of any such Proceeding in any such court or that such Proceeding was brought in an inconvenient court and agree not to plead or claim the same, (c) waive all
          right to trial by jury in any Proceeding (whether based on contract, tort or otherwise) arising out of or relating to the Plan or any Award Agreement, (d) agree that service of process in any such Proceeding may be effected by mailing a copy of
          such process by registered or certified mail (or any substantially similar form of mail), postage prepaid, to such party, in the case of a Participant, at the Participant’s address shown in the books and records of the Company or, in the case of
          the Company, at the Company’s principal offices, attention General Counsel, and (e) agree that nothing in the Plan shall affect the right to effect service of process in any other manner permitted by the laws of the State of Delaware.

       

      
        
          

      

      13.10     Construction. Wherever any words are used in the Plan
          in the masculine gender they shall be construed as though they were also used in the feminine gender in all cases where they would so apply, and wherever words are used herein in the singular form they shall be construed as though they were also
          used in the plural form in all cases where they would so apply.

       

      13.11     Other Benefits. No Award granted or paid out under
          the Plan shall be deemed compensation for purposes of computing benefits under any retirement plan of the Company or its Affiliates nor affect any benefit under any other benefit plan now or subsequently in effect under which the availability or
          amount of benefits is related to the level of compensation.

       

      13.12     Costs. The Company shall bear all expenses associated
          with administering the Plan, including expenses of issuing Common Stock pursuant to Awards hereunder.

       

      13.13     No Right to Same Benefits. The provisions of Awards
          need not be the same with respect to each Participant, and such Awards to individual Participants need not be the same in subsequent years.

       

      13.14     Death/Disability. The Committee may in its discretion
          require the transferee of a Participant to supply it with written notice of the Participant’s death or Disability and to supply it with a copy of the will (in the case of the Participant’s death) or such other evidence as the Committee deems
          necessary to establish the validity of the transfer of an Award.  The Committee may also require that the agreement of the transferee to be bound by all of the terms and conditions of the Plan.

       

      13.15     Section 16(b) of the Exchange Act. All elections and
          transactions under the Plan by persons subject to Section 16 of the Exchange Act involving shares of Common Stock are intended to comply with any applicable exemptive condition under Rule 16b-3.  The Committee may establish and adopt written
          administrative guidelines, designed to facilitate compliance with Section 16(b) of the Exchange Act, as it may deem necessary or proper for the administration and operation of the Plan and the transaction of business thereunder.

       

      
        
          

      

      13.16     Section 409A of the Code. The Plan is intended to
          comply with, or be exempt from, the applicable requirements of Section 409A of the Code and shall be limited, construed and interpreted in accordance with such intent.  To the extent that any Award is subject to Section 409A of the Code, it shall
          be paid in a manner that will comply with Section 409A of the Code, including proposed, temporary or final regulations or any other guidance issued by the Secretary of the Treasury and the Internal Revenue Service with respect thereto. 
          Notwithstanding anything herein to the contrary, any provision in the Plan that is inconsistent with Section 409A of the Code shall be deemed to be amended to comply with Section 409A of the Code and to the extent such provision cannot be amended
          to comply therewith, such provision shall be null and void.  The Company shall have no liability to a Participant, or any other party, if an Award that is intended to be exempt from, or compliant with, Section 409A of the Code is not so exempt or
          compliant or for any action taken by the Committee or the Company and, in the event that any amount or benefit under the Plan becomes subject to penalties under Section 409A of the Code, responsibility for payment of such penalties shall rest
          solely with the affected Participants and not with the Company.  Notwithstanding any contrary provision in the Plan or Award Agreement, any payment(s) of “nonqualified deferred compensation” (within the meaning of Section 409A of the Code) that
          are otherwise required to be made under the Plan to a “specified employee” (as defined under Section 409A of the Code) as a result of such employee’s separation from service (other than a payment that is not subject to Section 409A of the Code)
          shall be delayed for the first six (6) months following such separation from service (or, if earlier, the date of death of the specified employee) and shall instead be paid (in a manner set forth in the Award Agreement) upon expiration of such
          delay period.  For purposes of Code Section 409A, the Participant’s right to receive any installment payments pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments.  Whenever a payment under
          this Agreement specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Company.

       

      13.17     Successor and Assigns. The Plan shall be binding on
          all successors and permitted assigns of a Participant, including, without limitation, the estate of such Participant and the executor, administrator or trustee of such estate.

       

      13.18     Severability of Provisions. If any provision of the
          Plan shall be held invalid or unenforceable, such invalidity or unenforceability shall not affect any other provisions hereof, and the Plan shall be construed and enforced as if such provisions had not been included.

       

      13.19    Payments to Minors, Etc. Any benefit payable to or for
          the benefit of a minor, an incompetent person or other person incapable of receipt thereof shall be deemed paid when paid to such person’s guardian or to the party providing or reasonably appearing to provide for the care of such person, and such
          payment shall fully discharge the Committee, the Board, the Company, its Affiliates and their employees, agents and representatives with respect thereto.

       

      13.20     Lock-Up Agreement. As a condition to the grant of an
          Award, if requested by the Company and the lead underwriter of any public offering of the Common Stock (the “Lead Underwriter”), a Participant shall irrevocably agree not to sell, contract to sell,
          grant any option to purchase, transfer the economic risk of ownership in, make any short sale of, pledge or otherwise transfer or dispose of, any interest in any Common Stock or any securities convertible into, derivative of, or exchangeable or
          exercisable for, or any other rights to purchase or acquire Common Stock (except Common Stock included in such public offering or acquired on the public market after such offering) during such period of time following the effective date of a
          registration statement of the Company filed under the Securities Act that the Lead Underwriter shall specify (the “Lock-Up Period”).  The Participant shall further agree to sign such documents as may
          be requested by the Lead Underwriter to effect the foregoing and agree that the Company may impose stop-transfer instructions with respect to Common Stock acquired pursuant to an Award until the end of such Lock-Up Period.

       

      
        
          

      

      13.21     Headings and Captions. The headings and captions
          herein are provided for reference and convenience only, shall not be considered part of the Plan, and shall not be employed in the construction of the Plan.

       

      13.22    Company Recoupment of Awards. A Participant’s rights
          with respect to any Award hereunder shall in all events be subject to (i) any right that the Company may have under any Company recoupment policy or other agreement or arrangement with a Participant, or (ii) any right or obligation that the
          Company may have regarding the clawback of “incentive‐based compensation” under Section 10D of the Exchange Act and any applicable rules and regulations promulgated thereunder from time to time by the U.S. Securities and Exchange Commission.

       

      ARTICLE XIV

      EFFECTIVE DATE OF PLAN

       

      The Plan shall become effective on the effective date of the Chapter 11 Plan of reorganization of the Company.

       

      ARTICLE XV

      TERM OF PLAN

       

      No Award shall be granted pursuant to the Plan on or after the tenth anniversary of the earlier of the date that the Plan is adopted or the date of stockholder approval, but Awards granted prior to
        such tenth anniversary may extend beyond that date.

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