Document:

ex10-19.htm

Exhibit 10.19

 

SEPARATION AND CONSULTING AGREEMENT

THIS SEPARATION AND CONSULTING AGREEMENT (the “Agreement”) is entered into as of the 1st day of October, 2014 by and among Mohit Bhansali (“Employee”), Spiral Energy Tech, Inc., a Nevada corporation (“Spiral”) and Fuse Science, Inc., a Nevada corporation (the “Company”) (collectively, the “Parties”).

 

WHEREAS, the Company, Spiral, and Spiral Acquisition Sub, Inc., a wholly-owned subsidiary of the Company, are parties to that certain Agreement and Plan of Reorganization (the “Merger Agreement”), dated as of the date hereof, pursuant to which Merger Sub will merge with and into Spiral, with Spiral as the surviving entity and the majority-owned subsidiary of the Company (the “Merger”); and

 

WHEREAS, the Merger and the related transactions are understood to be consummated simultaneously with the execution of this Agreement; and

 

WHEREAS, prior to the effectiveness of this Agreement and the Merger, the Employee has been employed by Spiral as an executive officer; and

 

WHEREAS, the Parties desire to enter into this Agreement providing for Employee’s amicable resignation from Spiral’s employment, and to provide for a payment to Employee for continued services as a consultant to the Company following termination in order to assure a smooth transition.

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

 

1.           Termination Date.  Employee acknowledges that his last day of employment with Spiral and its subsidiaries, if any (the “Subsidiaries”), will be the date of this Agreement, which date is also the effective date of the Merger (the “Termination Date”).  Employee further understands and agrees that, as of the Termination Date, he will be no longer authorized to conduct any business on behalf of Spiral, the Company or the Subsidiaries or to hold himself out as an employee of Spiral, the Company or the Subsidiaries, except as otherwise provided herein.  Any and all positions and/or titles held by Employee with Spiral, the Company or any Subsidiaries will be deemed to have been resigned as of the Termination Date, except as otherwise provided herein.

 

2.           Severance Payment.  In consideration of the Employee’s agreement to perform the consulting services to the Company as provided herein, the Company shall pay or provide to Employee the following benefits (as his sole compensation therefore), which shall be paid from the escrow account for the Company held at Signature Bank:

 

(a)   $30,000 on the date hereof;

 

(b)           on the date hereof, the Company shall issue to Employee a restricted stock grant equal to 10,000 shares of the Company’s common stock, under the Company’s newly adopted 2014 Equity Incentive Plan (the “Restricted Stock Grant”).

As further consideration for the receipt of the Restricted Stock Grant, Employee shall execute and deliver to the Company (i) the lockup agreement, in the form attached hereto as Exhibit A and (ii) the escrow agreement, in the form attached hereto as Exhibit B (the “Escrow Agreement”).  The Restricted Stock Grant shall be delivered to and held by a third party escrow agent pursuant to the terms of the Escrow Agreement.  Employee shall be responsible for the payment of all payroll taxes, Medicare and other taxes, and shall indemnify the Company with respect to the payment of all such amounts.  Except as otherwise set forth herein, Employee will not be entitled to payment of any bonus, vacation or other incentive compensation.  Additionally, in connection with the foregoing, Employee represents and warrants that Employee is an “accredited investor,” as such term is defined in Rule 501 of Regulation D promulgated under the Securities Act of 1933, as amended, and Employee is able to bear the economic risk of an investment in the Restricted Stock Grant.

  

  

  

The Parties acknowledge that in accordance with, and as further detailed in, the Merger Agreement, effective as of the date hereof, the Company will cancel 97,988,153 shares of common stock of Spiral held by the Employee.

3.           Consulting Services.   During the period following the Termination Date, Employee agrees that he shall provide general business and consulting services to the Company to assist in all transitional needs and activities of the Company upon the request of the Company in support of management of the Company and the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2014.

 

4.           Employee’s Release.  In consideration for the payments and benefits described above and for other good and valuable consideration, Employee hereby releases and forever discharges the Company, Spiral and the Subsidiaries, as well as any affiliates of the foregoing and all of their respective directors, officers, employees, members, agents, and attorneys, of and from any and all manner of actions and causes of action, suits, debts, claims, and demands whatsoever, in law or equity, known or unknown, asserted or unasserted, which he ever had, now has, or hereafter may have on account of his employment with the Company and/or Spiral, the termination of his employment with the Company and/or Spiral, and/or any other fact, matter, incident, claim, injury, event, circumstance, happening, occurrence, and/or thing of any kind or nature which arose or occurred prior to the date when he executes this Agreement, including, but not limited to, any and all claims for wrongful termination; breach of any implied or express employment contract; unpaid compensation of any kind;  breach of any fiduciary duty and/or duty of loyalty; breach of any implied covenant of good faith and fair dealing; negligent or intentional infliction of emotional distress; defamation; fraud; unlawful discrimination, harassment; or retaliation based upon age, race, sex, gender, sexual orientation, marital status, religion, national origin, medical condition, disability, handicap, or otherwise; any and all claims arising under arising under Title VII of the Civil Rights Act of 1964, as amended (“Title VII”); the Equal Pay Act of 1963, as amended (“EPA”); the Age Discrimination in Employment Act of 1967, as amended (“ADEA”); the Americans with Disabilities Act of 1990, as amended (“ADA”); the Family and Medical Leave Act, as amended (“FMLA”); the Employee Retirement Income Security Act of 1974, as amended ("ERISA"); the Sarbanes-Oxley Act of 2002, as amended (“SOX”); the Worker Adjustment and Retraining Notification Act of 1988, as amended (“WARN”); and/or any other federal, state, or local law(s) or regulation(s); any and all claims for damages of any nature, including compensatory, general, special, or punitive; and any and all claims for costs, fees, or other expenses, including attorneys' fees, incurred in any of these matters (the “Release”).  The Parties acknowledge however, that Employee does not release or waive any rights to contribution or indemnity under this Agreement to which he may otherwise be entitled.  Each of the Parties also acknowledges that Employee does not release or waive any claims, and that he retains any rights he may have, to any vested 401(k) monies (if any) or benefits (if any), or any other benefit entitlement that is vested as of the Termination Date pursuant to the terms of any Spiral-sponsored benefit plan governed by ERISA.  Nothing contained herein shall release any of the Parties from its obligations set forth in this Agreement.

 

5.           Release by Spiral and the Company.  In exchange for the consideration provided for in this Agreement, each of the Company and Spiral irrevocably and unconditionally releases Employee of and from all claims, demands, causes of actions, fees and liabilities of any kind whatsoever, which it had, now has or may have against Employee, as of the date of this Agreement, by reason of any actual or alleged act, omission, transaction, practice, conduct, statement, occurrence, or any other matter, within the reasonable scope of Employee’s employment.  Each of the Company and Spiral represents that, as of the date of this Agreement, there are no known claims relating to Employee.  Each of the Company and Spiral agrees to indemnify Employee against any future claims to the extent permitted under the Company’s or Spiral’s bylaws.  Notwithstanding the foregoing, this release does not include any fraud, gross negligence, material misrepresentation or any Party’s right to enforce the terms of this Agreement.

 

6.           Confidential Information.  Employee understands and acknowledges that during the course of his employment by Spiral he had, and during the Term of this Agreement (which is understood to be the period between the date of this Agreement and the date on which the Employee ceases to provide consulting services in accordance with the terms herein) he will have, access to Confidential Information (as defined below) of Spiral and/or the Company.  Employee agrees that, at no time during the Term or a period of two (2) years immediately after the Term, will Employee (a) use Confidential Information for any purpose other than in connection with services provided under this Agreement or (b) disclose Confidential Information to any person or entity other than to the Company or persons or entities to whom disclosure has been authorized by the Company. As used herein, "Confidential Information" means all information of a technical or business nature relating to the Company or its affiliates, including, without limitation, trade secrets, inventions, drawings, file data, documentation, diagrams, specifications, know-how, processes, formulae, models, test results, marketing techniques and materials, marketing and development plans, price lists, pricing policies, business plans, information relating to customer or supplier identities, characteristics and agreements, financial information and projections, flow charts, software in various stages of development, source codes, object codes, research and development procedures and employee files and information; provided, however, that "Confidential Information" shall not include any information that (i) has entered the public domain through no action or failure to act of Employee; (ii) was already lawfully in Employee's possession without any obligation of confidentiality; (iii) subsequent to disclosure hereunder is obtained by Employee on a non-confidential basis from a third party who has the right to disclose such information to Employee; or (iv) is ordered to be or otherwise required to be disclosed by Employee by a court of law or other governmental body; provided, however, that the Company is notified of such order or requirement and given a reasonable opportunity to intervene.

 

  

  

  

 

7.           Applicable Law and Dispute Resolution. Except as to matters preempted by ERISA or other laws of the United States of America, this Agreement shall be interpreted solely pursuant to the laws of the State of New York, exclusive of its conflicts of laws principles.  Each of the Parties hereto irrevocably submits to the exclusive jurisdiction of the courts of the State of New York, for the purposes of any suit, action, or other proceeding arising out of this Agreement or any transaction contemplated hereby.

 

8.           Entire Agreement. This Agreement may not be changed or altered, except by a writing signed by all Parties. Until such time as this Agreement has been executed and subscribed by both parties hereto: (i) its terms and conditions and any discussions relating thereto, without any exception whatsoever, shall not be binding nor enforceable for any purpose upon any party; and (ii) no provision contained herein shall be construed as an inducement to act or to withhold an action, or be relied upon as such.  This Agreement constitutes an integrated, written contract, expressing the entire agreement and understanding among the Parties with respect to the subject matter hereof and supersedes any and all prior agreements and understandings, oral or written, among the Parties.

 

9.           Assignment.  Employee has not assigned or transferred any claim he is releasing, nor has he purported to do so.  If any provision in this Agreement is found to be unenforceable, all other provisions will remain fully enforceable. This Agreement binds Employee’s heirs, administrators, representatives, executors, successors, and assigns, and will insure to the benefit of all Released Parties and their respective heirs, administrators, representatives, executors, successors, and assigns.

 

10.           Acknowledgement. Employee acknowledges that he: (a) has carefully read this Agreement in its entirety; (b) has been advised to consult and has been provided with an opportunity to consult with legal counsel of his choosing in connection with this Agreement; (c) fully understands the significance of all of the terms and conditions of this Agreement and has discussed them with his independent legal counsel or has been provided with a reasonable opportunity to do so; (d) has had answered to his satisfaction any questions asked with regard to the meaning and significance of any of the provisions of this Agreement; (e) is signing this Agreement voluntarily and of his own free will and agrees to abide by all the terms and conditions contained herein; and (f) following his execution of this Agreement, he has seven (7) days in which to revoke his release and that, if he chooses not to so revoke, this Agreement shall become effective and enforceable on the eighth (8th) day following his execution of this Agreement (the “Effective Date”).  To revoke the Release, Employee understands that he must give a written revocation to the Company, within the seven (7)-day period following the date of execution of this Agreement.  If the last day of the revocation period is a Saturday, Sunday, or legal holiday in the State of Nevada, then the revocation period shall not expire until the next following day which is not a Saturday, Sunday or legal holiday.  If Employee revokes the Release, this Agreement will not become effective or enforceable and Employee acknowledges and agrees that he will not be entitled to any benefits hereunder, including in Section 2.

 

11.           Notices.                      For the purposes of this Agreement, notices, demands and all other communications provided for in this Agreement shall be in writing and shall be delivered (i) personally, (ii) by first class mail, certified, return receipt requested, postage prepaid, (iii) by overnight courier, with acknowledged receipt, or (iv) by facsimile transmission followed by delivery by first class mail or by overnight courier, in the manner provided for in this Section, and properly addressed as follows:

 

If to Spiral:                       Spiral Energy Tech, Inc.

                          [_____]

    Fax:

If to the Company:         Fuse Science, Inc.

                          [_____]

    Fax:

If to Employee:

Mohit Bhansali

247 W. 46 St, #1802, NY, NY 10036

  

  

  

12.           Counterparts.  This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement, and shall become effective when one or more such counterparts have been signed by each of the Parties and delivered to the other Parties. In the event that any signature is delivered by facsimile transmission or by an e-mail which contains a portable document format (.pdf) file of an executed signature page, such signature page shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such signature page were an original thereof.

 

13.           Counsel Representation.   The Parties hereto further agree that this Agreement has been carefully read and fully understood by them.  Each Party hereby represents, warrants, and agrees that he was represented by counsel in connection with the Agreement, has had the opportunity to consult with counsel about the Agreement, has carefully read and considered the terms of this Agreement, and fully understands the same.  Employee represents, warrants and acknowledges that he has retained independent counsel and that counsel to the Company does not represent Employee.

 

[Signature pages follow]

 

  

  

  

 

IN WITNESS HEREOF, the Parties hereby enter into this Agreement and affix their signatures as of the date first above written.

 

SPIRAL ENERGY TECH, INC.

 

By: /s/ Ezra Green                                                                

 

Name: Ezra Green

Title:  Chief Executive Officer

 

 

FUSE SCIENCE, INC.

 

By: /s/ Brian Tuffin                                                                

 

Name: Brian Tuffin

Title: Chief Executive Officer

 

/s/ Mohit Bhansali                                                                           

 

MOHIT BHANSALIEX-10.1

 Exhibit 10.1 

Execution Version 
  

 
  

COMMON STOCK SUBSCRIPTION AGREEMENT 

by and among 
 PARSLEY
ENERGY, INC. 
 and 

THE PURCHASERS NAMED ON SCHEDULE A HERETO 
  

 
  

 TABLE OF CONTENTS 

 

							
	ARTICLE I	  
	
	DEFINITIONS	  
			
	 Section 1.1
	 	 Definitions
	  	 	1	  
	
	ARTICLE II	 
	
	AGREEMENT TO SELL AND PURCHASE	  
			
	 Section 2.1
	 	 Sale and Purchase
	  	 	4	  
	 Section 2.2
	 	 Closing
	  	 	4	  
	 Section 2.3
	 	 Each Purchaser’s Conditions
	  	 	5	  
	 Section 2.4
	 	 Company’s Conditions
	  	 	5	  
	 Section 2.5
	 	 Deliveries by the Company
	  	 	6	  
	 Section 2.6
	 	 Purchaser Deliveries.
	  	 	6	  
	 Section 2.7
	 	 Independent Nature of Purchasers’ Obligations and Rights
	  	 	7	  
	
	ARTICLE III	  
	
	REPRESENTATIONS AND WARRANTIES OF THE COMPANY	  
			
	 Section 3.1
	 	 Existence
	  	 	7	  
	 Section 3.2
	 	 Capitalization
	  	 	7	  
	 Section 3.3
	 	 Subsidiaries
	  	 	7	  
	 Section 3.4
	 	 No Conflict
	  	 	8	  
	 Section 3.5
	 	 Authority
	  	 	8	  
	 Section 3.6
	 	 Approvals
	  	 	9	  
	 Section 3.7
	 	 Compliance with Laws
	  	 	9	  
	 Section 3.8
	 	 Periodic Reports
	  	 	9	  
	 Section 3.9
	 	 Internal Accounting Controls
	  	 	10	  
	 Section 3.10
	 	 Litigation
	  	 	10	  
	 Section 3.11
	 	 No Material Adverse Effect
	  	 	10	  
	 Section 3.12
	 	 Certain Fees
	  	 	10	  
	 Section 3.13
	 	 No Side Agreements
	  	 	11	  
	 Section 3.1
	 	 No General Solicitation; No Advertising
	  	 	11	  
	 Section 3.2
	 	 No Registration Required
	  	 	11	  
	 Section 3.3
	 	 No Integration
	  	 	11	  
	 Section 3.4
	 	 Investment Company Status
	  	 	11	  

  
 i 

							
	
	ARTICLE IV	  
	
	REPRESENTATIONS AND WARRANTIES OF THE PURCHASERS	  
			
	 Section 4.1
	 	 Existence
	  	 	11	  
	 Section 4.2
	 	 Authorization, Enforceability
	  	 	12	  
	 Section 4.3
	 	 No Breach
	  	 	12	  
	 Section 4.4
	 	 Certain Fees
	  	 	12	  
	 Section 4.5
	 	 No Side Agreements
	  	 	12	  
	 Section 4.6
	 	 Investment
	  	 	12	  
	 Section 4.7
	 	 Nature of Purchaser
	  	 	13	  
	 Section 4.8
	 	 Restricted Securities
	  	 	13	  
	 Section 4.9
	 	 Reliance Upon such Purchaser’s Representations and Warranties
	  	 	14	  
	 Section 4.10
	 	 Short Selling
	  	 	14	  
	 Section 4.11
	 	 Legend; Restrictive Notation
	  	 	14	  
	 Section 4.12
	 	 Ownership of Securities
	  	 	14	  
	 Section 4.13
	 	 Company Information
	  	 	14	  
	 Section 4.14
	 	 Placement Agent Reliance
	  	 	14	  
	
	ARTICLE V	  
	
	COVENANTS	  
			
	 Section 5.1
	 	 Taking of Necessary Action
	  	 	15	  
	 Section 5.2
	 	 Non-Public Information
	  	 	15	  
	
	ARTICLE VI	  
	
	INDEMNIFICATION	  
			
	 Section 6.1
	 	 Indemnification by the Company
	  	 	15	  
	 Section 6.2
	 	 Indemnification by Purchasers
	  	 	16	  
	 Section 6.3
	 	 Indemnification Procedure
	  	 	16	  
	
	ARTICLE VII	  
	
	MISCELLANEOUS	  
			
	 Section 7.1
	 	 Interpretation and Survival of Provisions
	  	 	17	  
	 Section 7.2
	 	 Survival of Provisions
	  	 	17	  
	 Section 7.3
	 	 No Waiver; Modifications in Writing
	  	 	18	  
	 Section 7.4
	 	 Binding Effect; Assignment
	  	 	18	  
	 Section 7.5
	 	 Confidentiality
	  	 	18	  
	 Section 7.6
	 	 Communications
	  	 	19	  
	 Section 7.7
	 	 Removal of Legend
	  	 	19	  
	 Section 7.8
	 	 Entire Agreement
	  	 	20	  
	 Section 7.9
	 	 Governing Law
	  	 	20	  
	 Section 7.10
	 	 Execution in Counterparts
	  	 	20	  

  
 ii 

							
	 Section 7.11
	 	 Termination
	  	 	20	  
	 Section 7.12
	 	 Recapitalization, Exchanges, Etc. Affecting the Class A Common Stock
	  	 	21	  

  

			
	Schedule A —	 	List of Purchasers and Commitment Amounts
	Schedule B —	 	Notice and Contact Information
	Schedule C —	 	Subsidiaries
		
	Exhibit A —	 	Form of Opinion of Vinson & Elkins L.L.P.

  
 iii 

 COMMON STOCK SUBSCRIPTION AGREEMENT 

This COMMON STOCK SUBSCRIPTION AGREEMENT, dated as of February 5, 2015 (this “Agreement”), is by and among PARSLEY
ENERGY, INC., a Delaware corporation (the “Company”), and each of the purchasers listed on Schedule A hereof (each a “Purchaser” and collectively, the “Purchasers”). 

WHEREAS, the Company desires to issue and sell to the Purchasers, and each Purchaser desires to purchase from the Company, certain shares of
the Company’s Class A common stock, par value $0.01 per share (the “Common Shares”) in accordance with the provisions of this Agreement; and 

WHEREAS, the Company and the Purchasers will enter into a registration rights agreement (the “Registration Rights
Agreement”), pursuant to which the Company will provide the Purchasers with certain registration rights with respect to the Common Shares acquired pursuant hereto. 

NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the Company and each of the Purchasers, severally and not jointly, hereby agree as follows: 

ARTICLE I 
 DEFINITIONS

 Section 1.1 Definitions. As used in this Agreement, and unless the context requires a different meaning, the following terms
have the meanings indicated: 
 “Affiliate” means, with respect to any Person, any other Person that directly or indirectly
through one or more intermediaries controls, is controlled by or is under common control with, the Person in question. As used herein, the term “control” means the possession, direct or indirect, of the power to direct or cause the
direction of the management and policies of a Person, whether through ownership of voting securities, by contract or otherwise. 

“Agreement” has the meaning set forth in the introductory paragraph. 

“Class A Common Stock” has the meaning specified in Section 3.2. 

“Class B Common Stock” has the meaning specified in Section 3.2. 

“Closing” has the meaning specified in Section 2.2. 

“Closing Date” has the meaning specified in Section 2.2. 

“Commission” means the United States Securities and Exchange Commission. 

“Company” has the meaning set forth in the introductory paragraph. 

 “Company Financial Statements” has the meaning specified in Section 3.9.

 “Company Restricted Stock” means shares of the Company’s Class A Common Stock (including performance-based
vesting) subject to vesting and granted pursuant to the Company Stock Plan. 
 “Company RSU” means any restricted stock
unit (including performance-based restricted stock units) with respect to the Company’s Class A Common Stock granted pursuant to the Company Stock Plan. 

“Common Share Price” means $15.50. 

“Common Shares” has the meaning specified in the recitals. 

“Company SEC Documents” has the meaning specified in Section 3.8. 

“Company Stock Plan” means the Company’s 2014 Long Term Incentive Plan. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and the rules and regulations of the
Commission promulgated thereunder. 
 “GAAP” has the meaning specified in Section 3.9. 

“Governmental Authority” means, with respect to a particular Person, any country, state, county, city and political
subdivision in which such Person or such Person’s Property is located or that exercises valid jurisdiction over any such Person or such Person’s Property, and any court, agency, department, commission, board, bureau or instrumentality of
any of them and any monetary authority that exercises valid jurisdiction over any such Person or such Person’s Property. Unless otherwise specified, all references to Governmental Authority herein with respect to the Company mean a Governmental
Authority having jurisdiction over the Company, its Subsidiaries or any of their respective Properties. 
 “Indemnified
Party” has the meaning specified in Section 6.3. 
 “Indemnifying Party” has the meaning specified in
Section 6.3. 
 “Law” means any federal, state, local or foreign order, writ, injunction, judgment, settlement, award,
decree, statute, law, rule or regulation. 
 “Lien” means any interest in Property securing an obligation owed to, or a
claim by, a Person other than the owner of the Property, whether such interest is based on the common law, statute or contract, and whether such obligation or claim is fixed or contingent, and including the lien or security interest arising from a
mortgage, encumbrance, pledge, security agreement, conditional sale or trust receipt or a lease, consignment or bailment for security purposes. For the purpose of this Agreement, a Person shall be deemed to be the owner of any Property that it has
acquired or holds subject to a conditional sale agreement, or leases under a financing lease or other arrangement pursuant to which title to the Property has been retained by or vested in some other Person in a transaction intended to create a
financing. 

  
 2 

 “Material Adverse Effect” means a material adverse effect on the management,
condition (financial or otherwise), results of operations, business or properties of the Company and its Subsidiaries, taken as a whole; provided, however, that a Material Adverse Effect shall not include any material and adverse
effect on the foregoing to the extent such material and adverse effect results from, arises out of, or relates to (x) a general deterioration in the economy or changes in the general state of the industries in which the Company operates, except
to the extent that the Company, taken as a whole, is adversely affected in a disproportionate manner as compared to other industry participants, (y) the outbreak or escalation of hostilities involving the United States, the declaration by the
United States of a national emergency or war or the occurrence of any other calamity or crisis, including acts of terrorism, or (z) any change in accounting requirements or principles imposed upon the Company and its Subsidiaries or their
respective businesses or any change in applicable Law, or the interpretation thereof. 
 “NYSE” means The New York Stock
Exchange, Inc. 
 “Operative Documents” means, collectively, this Agreement and the Registration Rights Agreement, and any
amendments, supplements, continuations or modifications thereto. 
 “Person” means an individual or a corporation, limited
liability company, partnership, joint venture, trust, unincorporated organization, association, government agency or political subdivision thereof or other form of entity. 

“PE Units” means limited liability company interests in Parsley Energy LLC. 

“Placement Agent Engagement Letter” means that certain Placement Agent Engagement Letter, dated of even date herewith,
between the Company and the Placement Agent. 
 “Placement Agent” means Credit Suisse Securities (USA) LLC. 

“Preferred Stock” has the meaning specified in Section 3.2. 

“Property” means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible.

 “Purchase Price” means, with respect to a particular Purchaser, the amount set forth opposite such Purchaser’s name
under the column titled “Purchase Price” set forth on Schedule A hereto. 
 “Purchased Shares” means,
with respect to a particular Purchaser, the number of Common Shares equal to the aggregate Purchase Price set forth opposite such Purchaser’s name under the column titled “Purchase Price” set forth on Schedule A hereto divided
by the Common Share Price. 
 “Purchaser” and “Purchasers” have the meanings set forth in the introductory
paragraph. 

  
 3 

 “Purchaser Related Parties” has the meaning specified in Section 6.1. 

“Registration Rights Agreement” has the meaning set forth in the recitals hereto. 

“Representatives” of any Person means the Affiliates, officers, directors, managers, employees, agents, counsel, accountants,
investment bankers, investment advisers and other representatives of such Person. 
 “Securities Act” means the Securities
Act of 1933, as amended from time to time, and the rules and regulations of the Commission promulgated thereunder. 
 “Short
Sales” means, without limitation, all “short sales” as defined in Rule 200 promulgated under Regulation SHO under the Exchange Act, whether or not against the box, and forward sale contracts, options, puts, calls, short sales,
“put equivalent positions” (as defined in Rule 16a-1(h) under the Exchange Act) and similar arrangements, and sales and other transactions through non-U.S. broker dealers or foreign regulated brokers. 

“Subsidiary” has the meaning set forth in Rule 405 of the rules and regulations promulgated under the Securities Act. 

ARTICLE II 
 AGREEMENT
TO SELL AND PURCHASE 
 Section 2.1 Sale and Purchase. Subject to the terms and conditions hereof, the Company hereby agrees to
issue and sell to each Purchaser and each Purchaser hereby agrees, severally and not jointly, to purchase from the Company, its respective Purchased Shares, and each Purchaser agrees, severally and not jointly, to pay the Company the Common Share
Price for each Purchased Share. 
 Section 2.2 Closing. Pursuant to the terms of this Agreement, the consummation of the purchase
and sale of the Purchased Shares hereunder (the “Closing”) shall take place at the offices of Vinson & Elkins L.L.P., 1001 Fannin, Suite 2500, Houston, Texas 77002 at 9:00 a.m. (Central Time) on February 11, 2015, or
at such other time as the Company and Purchasers representing a majority of the aggregate Purchase Prices determine (the date of such closing, the “Closing Date”). The parties agree that the Closing may occur via delivery of
facsimiles or photocopies of the Operative Documents and the closing deliverables contemplated hereby and thereby. Unless otherwise provided herein, all proceedings to be taken and all documents to be executed and delivered by all parties at the
Closing will be deemed to have been taken and executed simultaneously, and no proceedings will be deemed to have been taken nor documents executed or delivered until all have been taken. 

  
 4 

 Section 2.3 Each Purchaser’s Conditions. The obligation of each Purchaser to
consummate the purchase of its Purchased Shares shall be subject to the satisfaction on or prior to the Closing Date of each of the following conditions (any or all of which may be waived by a particular Purchaser on behalf of itself in writing with
respect to its Purchased Shares, in whole or in part, to the extent permitted by applicable Law): 
 (a) the Company shall have performed
and complied with the covenants and agreements contained in this Agreement that are required to be performed and complied with by the Company on or prior to the Closing Date; 

(b) (i) the representations and warranties of the Company (A) set forth in Sections 3.1, 3.2 and 3.5 and (B) contained in this
Agreement that are qualified by materiality or a Material Adverse Effect shall be true and correct when made and as of the Closing Date and (ii) all other representations and warranties of the Company shall be true and correct in all material
respects when made and as of the Closing Date, in each case as though made at and as of the Closing Date (except that representations and warranties made as of a specific date shall be required to be true and correct as of such date only); 

(c) the NYSE shall have authorized, upon official notice of issuance, the listing of the Purchased Shares; 

(d) no notice of delisting from the NYSE shall have been received by the Company with respect to the Class A Common Stock; and 

(e) the Company shall have delivered, or caused to be delivered, to such Purchaser at the Closing, the Company’s closing deliveries
described in Section 2.5. 
 Section 2.4 Company’s Conditions. The obligation of the Company to consummate the issuance
and sale of the Purchased Shares to each Purchaser shall be subject to the satisfaction on or prior to the Closing Date of each of the following conditions with respect to such Purchaser (any or all of which may be waived by the Company in writing,
in whole or in part, to the extent permitted by applicable Law): 
 (a) the representations and warranties of such Purchaser contained in
this Agreement that are qualified by materiality shall be true and correct when made and as of the Closing Date and all other representations and warranties of such Purchaser shall be true and correct in all material respects as of the Closing Date
(except that representations of such Purchaser made as of a specific date shall be required to be true and correct as of such date only); 

(b) such Purchaser shall have performed and complied with the covenants and agreements contained in this Agreement that are required to be
performed and complied with by that Purchaser on or prior to the Closing Date; and 
 (c) such Purchaser shall have delivered, or caused to
be delivered, to the Company at the Closing such Purchaser’s closing deliveries described in Section 2.6, 

  
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 Section 2.5 Deliveries by the Company. Upon the terms and subject to the conditions of
this Agreement, at the Closing, the Company will deliver (or cause to be delivered) the following: 
 (a) at the option of each Purchaser
(which such option is exercisable by notice to the Partnership at least two (2) days prior to the Closing Date), evidence of issuance of a certificate evidencing the Purchased Shares or the Purchased Shares credited to book-entry accounts
maintained by the Company’s transfer agent, bearing the legend or restrictive notation set forth in Section 4.11, free and clear of any Liens, other than transfer restrictions under applicable federal and state securities laws; 

(b) a certificate of the Secretary of State of the State of Delaware, dated a recent date, to the effect that the Company is in good standing;

 (c) a cross receipt executed by the Company and delivered to such Purchaser certifying that it has received the Purchase Price from such
Purchaser as of the Closing Date; 
 (d) the Registration Rights Agreement with respect to the Purchased Shares, which shall have been duly
executed by the Company; 
 (e) an opinion addressed to the Purchasers from Vinson & Elkins L.L.P., legal counsel to the Company,
dated as of the Closing, in the form and substance attached hereto as Exhibit A; and 
 (f) a certificate of the Secretary or
Assistant Secretary of the Company, certifying as to (1) the Amended and Restated Certificate of Incorporation of the Company and the Amended and Restated Bylaws of the Company, (2) board resolutions authorizing the execution and delivery
of the Operative Documents and the consummation of the transactions contemplated thereby, including the issuance of the Purchased Shares and (3) the incumbency of the officers authorized to execute the Operative Documents, setting forth the
name and title and bearing the signatures of such officers. 
 Section 2.6 Purchaser Deliveries. Upon the terms and subject to the
conditions of this Agreement, each Purchaser is delivering (or causing to be delivered) the following: 
 (a) the Purchase Price payable by
such Purchaser in accordance with Schedule I, by wire transfer of immediately available funds; 
 (b) a Form W-9 executed by such
Purchaser; 
 (c) the Registration Rights Agreement with respect to the Purchased Shares, which shall have been duly executed by such
Purchaser; and 
 (d) a cross-receipt executed by such Purchaser and delivered to the Company certifying that such Purchaser has received
the Purchased Shares from the Company on the Closing Date. 

  
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 Section 2.7 Independent Nature of Purchasers’ Obligations and Rights. The
obligations of each Purchaser under any Operative Document are several and not joint with the obligations of any other Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under
any Operative Document. Nothing contained herein or in any other Operative Document, and no action taken by any Purchaser pursuant thereto, shall be deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other
kind of group or entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by the Operative Documents. Each Purchaser shall be entitled to
independently protect and enforce its rights, including without limitation, the rights arising out of this Agreement or out of the other Operative Documents, and it shall not be necessary for any other Purchaser to be joined as an additional party
in any proceeding for such purpose. The failure or waiver of performance by any Purchaser does not excuse performance by any other Purchaser. 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES OF THE COMPANY 

The Company represents and warrants to each Purchaser as follows: 

Section 3.1 Existence. The Company has been duly incorporated and is existing and in good standing under the laws of the State of
Delaware, with corporate power and authority to own its properties and conduct the businesses in which it is currently engaged and the Company is duly qualified to do business as a foreign corporation in good standing in all other jurisdictions in
which its ownership or lease of property or the conduct of its business requires such qualification, except where the failure to be duly qualified or in good standing would not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect. 
 Section 3.2 Capitalization. The authorized capital stock of the Company consists of
(i) 50,000,000 shares of preferred stock, par value $0.01 per share (“Preferred Stock”), (ii) 600,000,000 shares of Class A common stock, par value $0.01 per share (“Class A Common Stock”), and
(iii) 125,000,000 shares of Class B common stock, par value $0.01 per share (“Class B Common Stock”). As of the close of business on February 4, 2015, there were (i) 93,168,253 shares of Class A Common Stock
outstanding not counting shares of Company Restricted Stock, (ii) 32,145,296 shares of Class B Common Stock outstanding, (iii) no shares of Preferred Stock outstanding, (iii) 730,198 shares of Class A Common Stock subject to
outstanding awards of Company Restricted Stock, (iv) 23,649 shares of Class A Common Stock subject to outstanding awards of Company RSUs and (v) 31,145,296 PE Units exchangeable for 31,145,296 shares of Class A Common Stock
pursuant to the Amended and Restated LLC Agreement. 
 Section 3.3 Subsidiaries. The Company owns 74.5% of the issued and
outstanding PE Units and the entities listed on Schedule C hereto are the only direct or indirect Subsidiaries of the Company. Each such Subsidiary has been duly incorporated or formed and is existing and in good standing under the laws of the
jurisdiction of its incorporation or formation, 

  
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with corporate, limited liability company, limited partnership, and/or other similar power and authority to own its properties and conduct businesses in which it is currently engaged; and each
Subsidiary listed on Schedule C hereto is duly qualified to do business as a foreign corporation or other entity in good standing in all other jurisdictions in which its ownership or lease of property or the conduct of its business requires such
qualification, except where the failure to be duly qualified or in good standing would not, individually or in the aggregate, have a Material Adverse Effect; all of the issued and outstanding capital stock or other ownership interests of each such
Subsidiary has been duly authorized and validly issued and, in the case of any such corporation, is fully paid and nonassessable; and the capital stock or other ownership interests of each such Subsidiary owned by the Company, directly or
indirectly, is owned free from liens, encumbrances and defects, except for Liens pursuant to credit agreements and related security agreements disclosed or referred to in the Company SEC Documents, or as otherwise would not individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect. 
 Section 3.4 No Conflict. The execution, delivery and
performance of this Agreement and the issuance and sale of the Purchased Shares will not result in a breach or violation of any of the terms and provisions of, or constitute, or with the giving of notice or lapse of time, would constitute, a default
under, or result in the imposition of any lien, charge or encumbrance upon any property or assets of the Company or any of its Subsidiaries pursuant to, (i) their respective certificate of formation, limited liability company agreement, limited
partnership agreement, charter, or by-laws or similar organizational documents of the Company or any of its Subsidiaries, (ii) any statute, rule, regulation or order of any governmental agency or body or any court, domestic or foreign, having
jurisdiction over the Company or any of its Subsidiaries or any of their properties, or (iii) any agreement or instrument to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound or
to which any of the properties of the Company or any of its Subsidiaries is subject, except in the case of clauses (ii) and (iii) as would not reasonably be expected to have a Material Adverse Effect. 

Section 3.5 Authority. 

(a) Each of the Operative Documents has been or will be validly executed and delivered by the Company and, assuming due authorization,
execution and delivery by each Purchaser or its Affiliate, as applicable (if either such Purchaser or its Affiliate is a party thereto), constitutes, or will constitute, the legal, valid and binding obligations of the Company enforceable in
accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting creditors’ rights and by general principles of equity. 

(b) The Purchased Shares have been duly authorized and, when the Purchased Shares have been delivered and paid for in accordance with this
Agreement on the Closing Date, such Purchased Shares will be validly issued, fully paid and nonassessable; the stockholders of the Company have no preemptive rights with respect to the Purchased Shares; and none of the outstanding shares of capital
stock of the Company have been issued in violation of any preemptive or similar rights of any security holder. Except as described or disclosed in the Company SEC Documents there are no outstanding (A) securities or obligations of the Company

  
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convertible into or exchangeable for any capital stock of the Company, (B) warrants, rights or options to subscribe for or purchase from the Company any such capital stock or any such
convertible or exchangeable securities or obligations or (C) obligations of the Company to issue or sell any shares of capital stock, any such convertible or exchangeable securities or obligations or any such warrants, rights or options. 

Section 3.6 Approvals. No consent, approval, authorization, or order of, or filing or registration with, any person (including
any governmental agency or body or any court) is required to be obtained or made by the Company for the consummation of the transactions contemplated by this Agreement, except (i) such as have been obtained, (ii) where the failure of the
Company to obtain or make any such consent, approval, authorization, order, filing or registration would not reasonably be expected to have a Material Adverse Effect, or (iii) such as have been made or as may be required under state or foreign
securities or “Blue Sky” laws. 
 Section 3.7 Compliance with Laws. Neither the Company nor any of its Subsidiaries
is in violation of any Law applicable to the Company or its Subsidiaries, except as would not, individually or in the aggregate, have a Material Adverse Effect. The Company and its Subsidiaries possess all certificates, authorizations and permits
issued by the appropriate regulatory authorities necessary to conduct their respective businesses, except where the failure to possess such certificates, authorizations or permits would not, individually or in the aggregate, have a Material Adverse
Effect, and neither the Company nor any such Subsidiary has received any notice of proceedings relating to the revocation or modification of any such certificate, authorization or permit, except where such potential revocation or modification would
not, individually or in the aggregate, have a Material Adverse Effect. 
 Section 3.8 Periodic Reports. All forms, registration
statements, reports, schedules and statements required to be filed by the Company under the Exchange Act or the Securities Act (all such documents, including the exhibits thereto, prior to the date hereof, collectively the “Company SEC
Documents”) have been filed with the Commission on a timely basis. The Company SEC Documents, including, without limitation, any audited or unaudited financial statements and any notes thereto or schedules included therein (the
“Company Financial Statements”), at the time filed (or in the case of registration statements, solely on the dates of effectiveness) (except to the extent corrected by a subsequent Company SEC Document) (a) did not contain any
untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading, (b) complied as
to form in all material respects with the applicable requirements of the Exchange Act and the Securities Act, as the case may be, (c) complied as to form in all material respects with applicable accounting requirements and with the published
rules and regulations of the Commission with respect thereto, (d) with respect to the Company Financial Statements, were prepared in accordance with GAAP applied on a consistent basis during the periods involved (except as may be indicated in
the notes thereto or, in the case of unaudited statements, as permitted by Form 10-Q of the Commission), and (e) with respect to the Company Financial Statements, fairly present (subject in the case
of unaudited statements to normal and recurring audit adjustments) in all material respects the consolidated financial position of the Company and its consolidated subsidiaries as 

  
 9 

 
of the dates thereof and the consolidated results of its operations and cash flows for the periods then ended. KPMG LLP is an independent registered public accounting firm with respect to the
Company and has not resigned or been dismissed as independent registered public accountants of the Company as a result of or in connection with any disagreement with the Company on any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedures. 
 Section 3.9 Internal Accounting Controls. The Company maintains a system of
internal controls, including, but not limited to, disclosure controls and procedures, internal controls over accounting matters and financial reporting, an internal audit function and legal and regulatory compliance controls that are sufficient to
provide reasonable assurances that (i) transactions are executed in accordance with management’s general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in
conformity with U.S. Generally Accepted Accounting Principles (“GAAP”) and to maintain accountability for assets, (iii) access to assets is permitted only in accordance with management’s general or specific authorization,
and (iv) the recorded accounting for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. Except as described or disclosed in the SEC Documents, since the date of
the most recent balance sheet of the Company and its Subsidiaries reviewed or audited by KPMG LLP, (i) the Company has not been advised of or become aware of (A) any significant deficiencies in the design or operation of internal controls
that could adversely affect the ability of the Company or any of its Subsidiaries to record, process, summarize and report financial data, or any material weaknesses in internal controls, and (B) any fraud, whether or not material, that
involves management or other employees who have a significant role in the internal controls of the Company and each of its Subsidiaries; and (ii) there have been no significant changes in internal controls or in other factors that could
significantly affect internal controls, including any corrective actions with regard to significant deficiencies and material weaknesses. 

Section 3.10 Litigation. Except as described or disclosed in the Company SEC Documents, there are no pending actions, suits or
proceedings (including any inquiries or investigations by any court or governmental agency or body, domestic or foreign) against or affecting the Company, any of its Subsidiaries or any of their respective properties that, if determined adversely to
the Company or any of its Subsidiaries, would, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, or would materially and adversely affect the ability of the Company to perform its obligations under this
Agreement; and no such actions, suits or proceedings (including any inquiries or investigations by any court or governmental agency or body, domestic or foreign) are threatened or, to the Company’s knowledge, contemplated. 

Section 3.11 No Material Adverse Effect. Since September 30, 2014, no event or circumstance has occurred that, individually
or in the aggregate, has had or would reasonably be expected to have a Material Adverse Effect. 
 Section 3.12 Certain Fees. Other
than as described in the Placement Agent Engagement Letter, no fees or commissions are or will be payable by the Company to brokers, finders, or investment bankers with respect to the sale of any of the Purchased Shares or the

  
 10 

 
consummation of the transaction contemplated by this Agreement. The Company agrees that it will indemnify and hold harmless the Purchaser from and against any and all claims, demands, or
liabilities for broker’s, finder’s, placement, or other similar fees or commissions incurred by the Company in connection with the sale of the Purchased Shares or the consummation of the transactions contemplated by this Agreement. 

Section 3.13 No Side Agreements. There are no agreements by, among or between the Company or any of its Affiliates, on the one hand,
and any Purchaser or any of their Affiliates, on the other hand, with respect to the transactions contemplated hereby other than the Operative Documents nor promises or inducements for future transactions between or among any of such parties. 

Section 3.1 No General Solicitation; No Advertising. The Company has not solicited offers for, or offered or sold, and will not
solicit offers for, or offer or sell, the Securities by means of any form of general solicitation or general advertising within the meaning of Rule 502(c) of Regulation D or in any manner involving a public offering within the meaning of
Section 4(a)(2) of the Securities Act 
 Section 3.2 No Registration Required. Assuming the accuracy of the representations and
warranties of each Purchaser contained in Article IV, the issuance and sale of the Purchased Shares pursuant to this Agreement is exempt from registration requirements of the Securities Act, and neither the Company nor, to the knowledge of
the Company, any authorized Representative acting on its behalf has taken or will take any action hereafter that would cause the loss of such exemption. 

Section 3.3 No Integration. Neither the Company nor any of its Affiliates have, directly or indirectly through any agent, sold,
offered for sale, solicited offers to buy or otherwise negotiated in respect of, any “security” (as defined in the Securities Act of 1933, as amended) that is or will be integrated with the sale of the Purchased Shares in a manner that
would require registration under the Securities Act. 
 Section 3.4 Investment Company Status. The Company is not an
“investment company” within the meaning of the Investment Company Act of 1940, as amended. 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF THE PURCHASERS 

Each Purchaser, severally and not jointly, hereby represents and warrants to the Company that: 

Section 4.1 Existence. Such Purchaser is duly organized and validly existing and in good standing under the Laws of its jurisdiction
of organization, with all requisite power and authority to own, lease, use and operate its Properties and to conduct its business as currently conducted. 

  
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 Section 4.2 Authorization, Enforceability. Such Purchaser has all necessary corporate,
limited liability company or partnership power and authority to execute, deliver and perform its obligations under this Agreement and the Registration Rights Agreement and to consummate the transactions contemplated thereby, and the execution,
delivery and performance by such Purchaser of this Agreement and the Registration Rights Agreement has been duly authorized by all necessary action on the part of such Purchaser; and this Agreement and the Registration Rights Agreement constitute
the legal, valid and binding obligations of such Purchaser, enforceable in accordance with their terms, except as such enforceability may be limited by bankruptcy, insolvency, fraudulent transfer and similar laws affecting creditors’ rights
generally or by general principles of equity, including principles of commercial reasonableness, fair dealing and good faith. 
 Section
4.3 No Breach. The execution, delivery and performance of this Agreement and the Registration Rights Agreement by such Purchaser and the consummation by such Purchaser of the transactions contemplated hereby and thereby will not
(a) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, any material agreement to which such Purchaser is a party or by which such Purchaser is bound or to which any of the
property or assets of such Purchaser is subject, (b) conflict with or result in any violation of the provisions of the organizational documents of such Purchaser, or (c) violate any statute, order, rule or regulation of any court or
governmental agency or body having jurisdiction over such Purchaser or the property or assets of such Purchaser, except in the cases of clauses (a) and (c), for such conflicts, breaches, violations or defaults as would not prevent the
consummation of the transactions contemplated by this Agreement and the Registration Rights Agreement. 
 Section 4.4 Certain Fees.
No fees or commissions are or will be payable by such Purchaser to brokers, finders, or investment bankers with respect to the purchase of any of the Purchased Shares or the consummation of the transaction contemplated by this Agreement. Such
Purchaser agrees that it will indemnify and hold harmless the Company from and against any and all claims, demands, or liabilities for broker’s, finder’s, placement, or other similar fees or commissions incurred by such Purchaser in
connection with the purchase of the Purchased Shares or the consummation of the transactions contemplated by this Agreement. 
 Section 4.5
No Side Agreements. There are no other agreements by, among or between such Purchaser and any of its Affiliates, on the one hand, and the Company or any of its Affiliates, on the other hand, with respect to the transactions contemplated
hereby other than the Operative Documents nor promises or inducements for future transactions between or among any of such parties. 

Section 4.6 Investment. The Purchased Shares are being acquired for such Purchaser’s own account, the account of its Affiliates,
or the accounts of clients for whom such Purchaser exercises discretionary investment authority (all of whom such Purchaser hereby represents and warrants are “accredited investors” within the meaning of Rule 501(a) of Regulation D
promulgated by the Commission pursuant to the Securities Act), not as a nominee or agent, and with no present intention of distributing the Purchased Shares or any part thereof, and such Purchaser has no present intention of selling or granting any
participation in or 

  
 12 

 
otherwise distributing the same in any transaction in violation of the securities laws of the United States or any state, without prejudice, however, to such Purchaser’s right at all times
to sell or otherwise dispose of all or any part of the Purchased Shares under a registration statement under the Securities Act and applicable state securities laws or under an exemption from such registration available thereunder (including,
without limitation, if available, Rule 144 promulgated thereunder). If such Purchaser should in the future decide to dispose of any of the Purchased Shares, the Purchaser understands and agrees (a) that it may do so only in compliance with
the Securities Act and applicable state securities law, as then in effect, including a sale contemplated by any registration statement pursuant to which such securities are being offered, or pursuant to an exemption from the Securities Act, and
(b) that stop-transfer instructions to that effect will be in effect with respect to such securities. 
 Section 4.7 Nature of
Purchaser. 
 (a) Such Purchaser represents and warrants to the Company that, (a) it is an “accredited investor” within
the meaning of Rule 501 of Regulation D promulgated by the Commission pursuant to the Securities Act and (b) by reason of its business and financial experience it has such knowledge, sophistication and experience in making similar investments
and in business and financial matters generally so as to be capable of evaluating the merits and risks of the prospective investment in the Purchased Shares, is able to bear the economic risk of such investment and, at the present time, would be
able to afford a complete loss of such investment. 
 (b) Such Purchaser or its Representatives have been furnished with materials relating
to the business, finances and operations of the Company and relating to the offer and sale of the Purchased Shares that have been requested by such Purchaser. Such Purchaser or its Representatives has been afforded the opportunity to ask questions
of the Company or its Representatives. Neither such inquiries nor any other due diligence investigations conducted at any time by such Purchaser or its Representatives shall modify, amend or affect such Purchaser’s right (i) to rely on the
Company’s representations and warranties contained in Article III above or (ii) to indemnification or any other remedy based on, or with respect to the accuracy or inaccuracy of, or compliance with, the representations,
warranties, covenants and agreements in this Agreement. Such Purchaser understands and acknowledges that its purchase of the Purchased Shares involves a high degree of risk and uncertainty. Such Purchaser has sought such accounting, legal and tax
advice as it has considered necessary to make an informed investment decision with respect to its investment in the Purchased Shares. 

Section 4.8 Restricted Securities. Such Purchaser understands that the Purchased Shares are characterized as “restricted
securities” under the federal securities Laws inasmuch as they are being acquired from the Company in a transaction not involving a public offering and that under such Laws and applicable regulations such securities may be resold without
registration under the Securities Act only in certain limited circumstances. In this connection, such Purchaser represents that it is knowledgeable with respect to Rule 144 of the Commission promulgated under the Securities Act. 

  
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 Section 4.9 Reliance Upon such Purchaser’s Representations and Warranties. Such
Purchaser understands and acknowledges that the Purchased Shares are being offered and sold in reliance on a transactional exemption from the registration requirements of federal and state securities laws, and that the Company is relying in part
upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of such Purchaser set forth in this Agreement in (i) concluding that the issuance and sale of the Purchased Shares is a “private
offering” and, as such, is exempt from the registration requirements of the Securities Act, and (ii) determining the applicability of such exemptions and the suitability of such Purchaser to purchase the Purchased Shares. 

Section 4.10 Short Selling. Such Purchaser has not engaged in any Short Sales involving Common Shares owned by it between the
time it first began discussions with the Company about the transaction contemplated by this Agreement and the date of execution of this Agreement. 

Section 4.11 Legend; Restrictive Notation. Such Purchaser understands that the certificates evidencing the Purchased Shares or the
book-entry account maintained by the transfer agent evidencing ownership of the Purchased Shares, as applicable, will bear the following legend or restrictive notation: 

“THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THESE SECURITIES MAY NOT BE SOLD, OFFERED FOR
SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE SECURITIES UNDER SUCH ACT OR PURSUANT TO AN EXEMPTION FROM REGISTRATION THEREUNDER AND, IN THE CASE OF A TRANSACTION EXEMPT FROM REGISTRATION,
UNLESS SOLD PURSUANT TO RULE 144 UNDER SUCH ACT OR THE ISSUER HAS RECEIVED DOCUMENTATION REASONABLY SATISFACTORY TO IT THAT SUCH TRANSACTION DOES NOT REQUIRE REGISTRATION UNDER SUCH ACT.” 

Section 4.12 Ownership of Securities. Such Purchaser and its Affiliates do not, as of the date hereof, own five percent or more of the
Company’s issued and outstanding capital stock. 
 Section 4.13 Company Information. Such Purchaser acknowledges and agrees
that the Company has provided or made available to such Purchaser (through EDGAR, the Company’s website or otherwise) all Company SEC Documents, as well as all press releases or investor presentations issued by the Company through the date of
this Agreement that are included in a filing by the Company on Form 8-K or clearly posted on the Company’s website. 
 Section 4.14
Placement Agent Reliance. Such Purchaser agrees that the Placement Agent may rely upon the representations and warranties made by such Purchaser to the Company in this Agreement. 

  
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 ARTICLE V 

COVENANTS 
 Section 5.1
Taking of Necessary Action. Each of the parties hereto shall use its commercially reasonable efforts promptly to take or cause to be taken all action and promptly to do or cause to be done all things necessary, proper or advisable under
applicable Law and regulations to consummate and make effective the transactions between the Company and the Purchasers contemplated by this Agreement related specifically to the acquisition of the Purchased Shares. Without limiting the foregoing,
each of the Company and each Purchaser shall use its commercially reasonable efforts to make all filings and obtain all consents of Governmental Authorities that may be necessary or, in the reasonable opinion of the other parties, as the case may
be, advisable for the consummation of the transactions contemplated by the Operative Documents. Each Purchaser agrees that its trading activities, if any, with respect to Company’s securities will be in compliance with all applicable state and
federal securities laws, rules and regulations and the rules and regulations of the NYSE. The Company shall promptly and accurately respond, and shall use its commercially reasonable efforts to cause its transfer agent to respond, to reasonable
requests for information (which is otherwise not publicly available) made by a Purchaser or its auditors relating to the actual holdings of such Purchaser or its accounts; provided that, the Company shall not be obligated to provide any such
information that could reasonably result in a violation of applicable law or conflict with the Company’s insider trading policy or a confidentiality obligation of the Company. 

Section 5.2 Non-Public Information. On or before 9:30 a.m., New York local time, on the Business Day immediately following the date
hereof, the Company shall issue a press release (the “Press Release”) announcing the entry into this Agreement and describing the terms of the transactions contemplated by the Operative Documents and any other material, nonpublic
information that the Company may have provided any Purchaser at any time prior to the issuance of the Press Release. On or before the fourth Business Day following the date hereof, the Company shall file a Current Report on Form 8-K with the
Commission describing the terms of the transactions contemplated by the Operative Documents, and including as an exhibit to such Current Report on Form 8-K the Operative Documents, in the form required by the Exchange Act. 

ARTICLE VI 

INDEMNIFICATION 

Section 6.1 Indemnification by the Company. The Company agrees to indemnify each Purchaser and its Representatives (collectively,
“Purchaser Related Parties”) from costs, losses, liabilities, damages, or expenses of any kind or nature whatsoever, and hold each of them harmless against, any and all actions, suits, proceedings (including any investigations,
litigation or inquiries), demands, and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all costs, losses, liabilities, damages, or expenses of any kind or nature whatsoever, including,
without limitation, 

  
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the reasonable fees and disbursements of counsel and all other reasonable expenses incurred in connection with investigating, defending or preparing to defend any such matter that may be incurred
by them or asserted against or involve any of them as a result of, arising out of, or in any way related to the breach of any of the representations, warranties or covenants of the Company contained herein, provided that such claim for
indemnification relating to a breach of the representations or warranties is made prior to the expiration of such representations or warranties to the extent applicable; and provided further, that no Purchaser Related Party shall be entitled to
recover special, consequential or punitive damages under this Section 6.1. 
 Section 6.2 Indemnification by Purchasers.
Each Purchaser agrees, severally and not jointly, to indemnify the Company and its respective Representatives (collectively, “Company Related Parties”) from, and hold each of them harmless against, any and all actions, suits,
proceedings (including any investigations, litigation or inquiries), demands, and causes of action, and, in connection therewith, and promptly upon demand, pay or reimburse each of them for all costs, losses, liabilities, damages, or expenses of any
kind or nature whatsoever, including, without limitation, the reasonable fees and disbursements of counsel and all other reasonable expenses incurred in connection with investigating, defending or preparing to defend any such matter that may be
incurred by them or asserted against or involve any of them as a result of, arising out of, or in any way related to the breach of any of the representations, warranties or covenants of such Purchaser contained herein, provided that such claim for
indemnification relating to a breach of the representations and warranties is made prior to the expiration of such representations and warranties; and provided further, that no Company Related Party shall be entitled to recover special,
consequential or punitive damages. 
 Section 6.3 Indemnification Procedure. Promptly after any Company Related Party or
Purchaser Related Party (hereinafter, the “Indemnified Party”) has received notice of any indemnifiable claim hereunder, or the commencement of any action, suit or proceeding by a third person, which the Indemnified Party believes
in good faith is an indemnifiable claim under this Agreement, the Indemnified Party shall give the indemnitor hereunder (the “Indemnifying Party”) written notice of such claim or the commencement of such action, suit or proceeding,
but failure to so notify the Indemnifying Party will not relieve the Indemnifying Party from any liability it may have to such Indemnified Party hereunder except to the extent that the Indemnifying Party is materially prejudiced by such failure.
Such notice shall state the nature and the basis of such claim to the extent then known. The Indemnifying Party shall have the right to defend and settle, at its own expense and by its own counsel who shall be reasonably acceptable to the
Indemnified Party, any such matter as long as the Indemnifying Party pursues the same diligently and in good faith. If the Indemnifying Party undertakes to defend or settle, it shall promptly notify the Indemnified Party of its intention to do so,
and the Indemnified Party shall cooperate with the Indemnifying Party and its counsel in all commercially reasonable respects in the defense thereof and the settlement thereof. Such cooperation shall include, but shall not be limited to, furnishing
the Indemnifying Party with any books, records and other information reasonably requested by the Indemnifying Party and in the Indemnified Party’s possession or control. Such cooperation of the Indemnified Party shall be at the cost of the
Indemnifying Party. After the Indemnifying Party has notified the Indemnified Party of its intention to undertake to defend or settle any such asserted liability, and for so long as the Indemnifying Party diligently pursues such defense, the
Indemnifying Party shall not be 

  
 16 

 
liable for any additional legal expenses incurred by the Indemnified Party in connection with any defense or settlement of such asserted liability; provided, however, that the Indemnified Party
shall be entitled (i) at its expense, to participate in the defense of such asserted liability and the negotiations of the settlement thereof and (ii) if (A) the Indemnifying Party has failed to assume the defense or employ counsel
reasonably acceptable to the Indemnified Party or (B) if the defendants in any such action include both the Indemnified Party and the Indemnifying Party and counsel to the Indemnified Party shall have concluded that there may be reasonable
defenses available to the Indemnified Party that are different from or in addition to those available to the Indemnifying Party or if the interests of the Indemnified Party reasonably may be deemed to conflict with the interests of the Indemnifying
Party, then the Indemnified Party shall have the right to select a separate counsel and to assume such legal defense and otherwise to participate in the defense of such action, with the expenses and fees of such separate counsel and other expenses
related to such participation to be reimbursed by the Indemnifying Party as incurred. Notwithstanding any other provision of this Agreement, the Indemnifying Party shall not settle any indemnified claim without the consent of the Indemnified Party,
unless the settlement thereof imposes no liability or obligation on, and includes a complete release from liability of, and does not include any admission of wrongdoing or malfeasance by, the Indemnified Party. The remedies provided for in this
Section 6 are cumulative and are not exclusive of any remedies that may be available to a party at law or in equity or otherwise. 

ARTICLE VII 

MISCELLANEOUS 
 Section
7.1 Interpretation and Survival of Provisions. Article, Section, Schedule, and Exhibit references are to this Agreement, unless otherwise specified. All references to instruments, documents, contracts, and agreements are references to such
instruments, documents, contracts, and agreements as the same may be amended, supplemented, and otherwise modified from time to time, unless otherwise specified. The word “including” shall mean “including but not limited to.”
Whenever any party has an obligation under the Operative Documents, the expense of complying with that obligation shall be an expense of such party unless otherwise specified. Whenever any determination, consent, or approval is to be made or given
by any Purchaser, such action shall be in such Purchaser’s sole discretion unless otherwise specified in this Agreement. If any provision in the Operative Documents is held to be illegal, invalid, not binding, or unenforceable, such provision
shall be fully severable and the Operative Documents shall be construed and enforced as if such illegal, invalid, not binding, or unenforceable provision had never comprised a part of the Operative Documents, and the remaining provisions shall
remain in full force and effect. The Operative Documents have been reviewed and negotiated by sophisticated parties with access to legal counsel and shall not be construed against the drafter. 

Section 7.2 Survival of Provisions. The representations, warranties, covenants and agreements contained in this Agreement shall
survive the Closing for a period of twelve (12) months following the Closing Date regardless of any investigation made by or on behalf of the Company or any Purchaser. All indemnification obligations of the Company and the Purchasers pursuant
to this Agreement and the provisions of Article VI shall remain operative and in full force and effect unless such obligations are expressly terminated in a writing by the parties, regardless of any purported general termination of this Agreement.

  
 17 

 Section 7.3 No Waiver; Modifications in Writing. 

(a) Delay. No failure or delay on the part of any party in exercising any right, power, or remedy hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise of any such right, power, or remedy preclude any other or further exercise thereof or the exercise of any other right, power, or remedy. The remedies provided for herein are cumulative and are not
exclusive of any remedies that may be available to a party at law or in equity or otherwise. 
 (b) Amendments and Waivers. Except as
otherwise provided herein, no amendment, waiver, consent, modification, or termination of any provision of this Agreement or any other Operative Document shall be effective unless signed by each of the parties hereto or thereto affected by such
amendment, waiver, consent, modification, or termination. Any amendment, supplement or modification of or to any provision of this Agreement or any other Operative Document, any waiver of any provision of this Agreement or any other Operative
Document, and any consent to any departure by the Company from the terms of any provision of this Agreement or any other Operative Document shall be effective only in the specific instance and for the specific purpose for which made or given. Except
where notice is specifically required by this Agreement, no notice to or demand on the Company in any case shall entitle the Company to any other or further notice or demand in similar or other circumstances. 

Section 7.4 Binding Effect; Assignment. 

(a) Binding Effect. This Agreement shall be binding upon the Company, the Purchasers, and their respective successors and permitted
assigns. Except as expressly provided in this Agreement, this Agreement shall not be construed so as to confer any right or benefit upon any Person other than the parties to this Agreement and their respective successors and permitted assigns. 

(b) Assignment of Rights. All or any portion of the rights and obligations of any Purchaser under this Agreement may be transferred by
such Purchaser to any Affiliate of such Purchaser without the consent of the Company by delivery of an agreement to be bound and a revised Schedule A. No portion of the rights and obligations of any Purchaser under this Agreement may be transferred
by such Purchaser to a non-Affiliate without the written consent of the Company (which consent shall not be unreasonably withheld by the Company). 

Section 7.5 Confidentiality. Notwithstanding anything herein to the contrary, to the extent that any Purchaser has executed or is
otherwise bound by a confidentiality agreement in favor of the Company, such Purchaser shall continue to be bound by such confidentiality agreement. 

  
 18 

 Section 7.6 Communications. All notices and demands provided for hereunder shall be in
writing and shall be given by registered or certified mail, return receipt requested, telecopy, air courier guaranteeing overnight delivery or personal delivery to the following addresses: 

(a) If to any Purchaser: 
 To
the respective address listed on Schedule B hereof 
 (b) If to Parsley Energy, Inc.: 

221 W. 6th Street, Suite 750 

Austin, Texas 78701 
 Attention:
General Counsel 
 Facsimile: 512.505.5164 

Email: croberts@parsleyenergy.com 

with a copy to: 

Vinson & Elkins L.L.P. 

1001 Fannin Street 
 Suite 2500

 Houston TX 77002-6760 

Attention: Douglas McWilliams 

Facsimile: 713.615-5725 
 Email:
dmcwilliams@velaw.com 
 or to such other address as the Company or such Purchaser may designate in writing. All notices and communications shall be deemed
to have been duly given: at the time delivered by hand, if personally delivered; when notice is sent to the sender that the recipient has read the message, if sent by electronic mail; upon actual receipt if sent by certified mail, return receipt
requested, or regular mail, if mailed; when receipt acknowledged, if sent via facsimile; and upon actual receipt when delivered to an air courier guaranteeing overnight delivery. 

Section 7.7 Removal of Legend. In connection with a sale of the Purchased Shares by a Purchaser in reliance on Rule 144, the
applicable Purchaser or its broker shall deliver to the transfer agent and the Company a broker representation letter providing to the transfer agent and the Company any information the Company deems necessary to determine that the sale of the
Purchased Shares is made in compliance with Rule 144, including, as may be appropriate, a certification that the Purchaser is not an Affiliate of the Company and regarding the length of time the Purchased Shares have been held. Upon receipt of such
representation letter, the Company shall promptly direct its transfer agent to remove the notation of a restrictive legend in such Purchaser’s certificates evidencing the Purchased Shares or the book-entry account maintained by the transfer
agent, including the legend referred to in Section 4.11, and the Company shall bear all costs associated therewith. After a registration statement under the Securities Act permitting the public resale of the Purchased Shares has become
effective or any Purchaser or its permitted assigns have held the Purchased Shares for one year, if the book-entry 

  
 19 

 
account of such Purchased Shares still bears the notation of the restrictive legend referred to in Section 4.11, the Company agrees, upon request of the Purchaser or permitted assignee, to
take all steps necessary to promptly effect the removal of the legend described in Section 4.11 from the Purchased Shares, and the Company shall bear all costs associated therewith, regardless of whether the request is made in connection with a
sale or otherwise, so long as such Purchaser or its permitted assigns provide to the Company any information the Company deems reasonably necessary to determine that the legend is no longer required under the Securities Act or applicable state laws,
including (if there is no such registration statement) a certification that the holder is not an Affiliate of the Company (and a covenant to inform the Company if it should thereafter become an Affiliate and to consent to the notation of an
appropriate restriction) and regarding the length of time the Purchased Shares have been held. 
 Section 7.8 Entire Agreement. This
Agreement, the other Operative Documents and the other agreements and documents referred to herein are intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and
understanding of the parties hereto in respect of the subject matter contained herein and therein. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein or the other Operative Documents
with respect to the rights granted by the Company or any of its Affiliates or any Purchaser or any of its Affiliates set forth herein or therein. This Agreement, the other Operative Documents and the other agreements and documents referred to herein
or therein supersede all prior agreements and understandings between the parties with respect to such subject matter. 
 Section 7.9
Governing Law. This Agreement, and all claims or causes of action (whether in contract or tort) that may be based upon, arise out of or relate to this Agreement or the negotiation, execution or performance of this Agreement (including any
claim or cause of action based upon, arising out of or related to any representation or warranty made in or in connection with this Agreement), will be construed in accordance with and governed by the laws of the State of Delaware without regard to
principles of conflicts of laws. Any action against any party relating to the foregoing shall be brought in any federal or state court of competent jurisdiction located within the State of Delaware, and the parties hereto hereby irrevocably submit
to the non-exclusive jurisdiction of any federal or state court located within the State of Delaware over any such action. The parties hereby irrevocably waive, to the fullest extent permitted by applicable Law, any objection that they may now or
hereafter have to the laying of venue of any such dispute brought in such court or any defense of inconvenient forum for the maintenance of such dispute. Each of the parties hereto agrees that a judgment in any such dispute may be enforced in other
jurisdictions by suit on the judgment or in any other manner provided by Law. 
 Section 7.10 Execution in Counterparts. This
Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken
together, shall constitute but one and the same Agreement. 
 Section 7.11 Termination 

(a) Notwithstanding anything herein to the contrary, this Agreement shall automatically terminate at any time at or prior to the Closing if a
statute, 

  
 20 

 
rule, order, decree or regulation shall have been enacted or promulgated, or if any action shall have been taken by any Governmental Authority of competent jurisdiction that permanently
restrains, permanently precludes, permanently enjoins or otherwise permanently prohibits the consummation of the transactions contemplated by this Agreement or makes the transactions contemplated by this Agreement illegal. 

(b) Notwithstanding anything herein to the contrary, this Agreement may be terminated at any time by any Purchaser (with respect to the
obligations of such Purchaser) or the Company, upon written notice to the other party, if the Closing shall not have occurred on or before February 25, 2015 (the “Outside Date”); provided, however, that the
right to terminate this Agreement under this Section 7.11(b) shall not be available to any party whose (i) breach of any provision of this Agreement, (ii) failure to comply with their obligations under this Agreement or
(iii) actions not taken in good faith, shall have been the cause of, or shall have resulted in, the failure of the Closing to occur on or prior to the Outside Date or the failure of a condition in Section 2.3 or Section 2.4 to be
satisfied at such time; 
 (c) In the event of the termination of this Agreement as provided in this Section 7.11, (1) this
Agreement shall forthwith become null and void and (2) there shall be no liability on the part of any party hereto, except as set forth in Article VI of this Agreement and except with respect to the requirement to comply with any
confidentiality agreement in favor of the Company; provided that nothing herein shall relieve any party from any liability or obligation with respect to any willful breach of this Agreement. 

Section 7.12 Recapitalization, Exchanges, Etc. Affecting the Class A Common Stock. The provisions of this Agreement shall apply
to the full extent set forth herein with respect to any and all equity interests of the Company or any successor or assign of the Company (whether by merger, consolidation, sale of assets or otherwise) which may be issued in respect of, in exchange
for or in substitution of, the Class A Common Stock, and shall be appropriately adjusted for combinations, recapitalizations and the like occurring after the date of this Agreement and prior to the Closing. 

[Signature pages follow] 

  
 21 

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

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

	Name:	 	Bryan Sheffield
	Title:	 	President and CEO

  
 Signature Page to 

Common Stock Subscription Agreement 

 
			
	STANDARD INVESTMENT RESEARCH HEDGED EQUITY MASTER FUND, LTD
		
	By:	 	 /s/ Ben Pooshee

	Name:	 	Ben Pooshee
	Title:	 	Chief Operating Officer

  
 Signature Page to 

Common Stock Subscription Agreement 

 
			
	UBS O’CONNOR LLC, ON BEHALF OF O’CONNOR GLOBAL MULTI-STRATEGY ALPHA MASTER LIMITED
		
	By:	 	 /s/ Jeffrey Putman

	Name:	 	Jeffrey Putman
	Title:	 	Executive Director
		
	By:	 	 /s/ Jeff Richmond

	Name:	 	Jeff Richmond
	Title:	 	Executive Director
		
	By:	 	 /s/ Betsy Kadlec

	Name:	 	Betsy Kadlec
	Title:	 	Managing Director

  
 Signature Page to 

Common Stock Subscription Agreement 

 
			
	T. ROWE PRICE NEW HORIZONS FUND, INC.
	T. ROWE PRICE NEW HORIZONS TRUST
	T. ROWE PRICE U.S. EQUITIES TRUST
	NEW YORK CITY DEFERRED COMPENSATION TRUST
		
	By:	 	T. Rowe Price Associates, Inc., Investment Adviser
		
	By:	 	 /s/ J. David Wagner

	Name:	 	J. David Wagner
	Title:	 	Vice President
	
	T. ROWE PRICE SMALL-CAP VALUE FUND, INC.
	T. ROWE PRICE U.S. SMALL-CAP VALUE EQUITY TRUST
	T. ROWE PRICE U.S. EQUITIES TRUST
		
	By:	 	 /s/ J. David Wagner

	Name:	 	J. David Wagner
	Title:	 	Vice President

  
 Signature Page to 

Common Stock Subscription Agreement 

			
	LUXOR CAPITAL PARTNERS, LP
		
	By:	 	 /s/ Norris Nissim

	Name:	 	Norris Nissim
	Title:	 	General Counsel, Luxor Capital Group, LP – as Investment Manager
	
	LUXOR CAPITAL PARTNERS OFFSHORE MASTER FUND, LP
		
	By:	 	 /s/ Norris Nissim

	Name:	 	Norris Nissim
	Title:	 	General Counsel, Luxor Capital Group, LP – as Investment Manager
	
	LUXOR WAVEFRONT, LP
		
	By:	 	 /s/ Norris Nissim

	Name:	 	Norris Nissim
	Title:	 	General Counsel, Luxor Capital Group, LP – as Investment Manager

  
 Signature Page to 

Common Stock Subscription Agreement 

 
			
	ENCOMPASS CAPITAL MASTER FUND LP
		
	By:	 	 /s/ Larry Kassman

	Name:	 	Larry Kassman
	Title:	 	Chief Financial Officer
	
	ENCOMPASS CAPITAL E&P MASTER FUND LP
		
	By:	 	 /s/ Larry Kassman

	Name:	 	Larry Kassman
	Title:	 	Chief Financial Officer

  
 Signature Page to 

Common Stock Subscription Agreement 

 
			
	BLACKWELL PARTNERS LLC
		
	By:	 	Magnetar Financial LLC
		 	its Investment Manager
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer
	
	COMPASS OFFSHORE HTV PCC LIMITED
		
	By:	 	Magnetar Financial LLC
		 	its Investment Manager
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer
	
	COMPASS HTV LLC
		
	By:	 	Magnetar Financial LLC
		 	its Investment Manager
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer
	
	HIPPARCHUS MASTER FUND LTD
		
	By:	 	Magnetar Financial LLC
		 	its Investment Manager
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer

  
 Signature Page to 

Common Stock Subscription Agreement 

 
			
	MAGNETAR GLOBAL EVENT DRIVEN MASTER FUND LTD
		
	By:	 	Magnetar Financial LLC
		 	its Investment Manager
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer
	
	SPECTRUM OPPORTUNITIES MASTER FUND LTD
		
	By:	 	Magnetar Financial LLC
		 	its Investment Manager
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer
	
	MAGNETAR CAPITAL MASTER FUND LTD
		
	By:	 	Magnetar Financial LLC
		 	its Investment Manager
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer
	
	MTP ENERGY FUND LTD.
		
	By:	 	MTP Energy Management LLC
		 	its Investment Manager
		
	By:	 	Magnetar Financial LLC
		 	its Investment Manager
		
	By:	 	 /s/ Michael Turro

	Name:	 	Michael Turro
	Title:	 	Chief Compliance Officer

  
 Signature Page to 

Common Stock Subscription Agreement 

 
			
	ADAGE CAPITAL PARTNERS, L.P.
		
	By:	 	 /s/ James Bardinelli

	Name:	 	James Bardinelli
	Title:	 	CFO

  
 Signature Page to 

Common Stock Subscription Agreement 

 
			
	HIGHBRIDGE INTERNATIONAL, LLC
		
	By:	 	 /s/ Jonathan Dorfman

	Name:	 	Jonathan Dorfman
	Title:	 	Managing Director

  
 Signature Page to 

Common Stock Subscription Agreement 

 
			
	 P ZIMMER LTD.

		
	By:	 	 /s/ Stuart J. Zimmer

	Name:	 	Stuart J. Zimmer
	Title:	 	CEO of Zimmer Partners, LP, as Investment Manager
	
	ZP MASTER UTILITY FUND, LTD.
		
	By:	 	 /s/ Stuart J. Zimmer

	Name:	 	Stuart J. Zimmer
	Title:	 	CEO of Zimmer Partners, LP, as Investment Manager

  
 Signature Page to 

Common Stock Subscription Agreement 

 
			
	OZ MASTER FUND, LTD.
		
	By:	 	OZ Management LP, its investment manager
		
	By:	 	Och-Ziff Holding Corporation, its General Partner
		
	By:	 	 /s/ Joel Frank

	Name:	 	Joel Frank
	Title:	 	Chief Financial Officer
	
	OZC GLOBAL EQUITIES MASTER FUND, L.P.
		
	By:	 	OZ Management LP, its Investment Manager
		
	By:	 	Och-Ziff Holding Corporation, its General Partner
		
	By:	 	 /s/ Joel Frank

	Name:	 	Joel Frank
	Title:	 	Chief Financial Officer
	
	OZ EUREKA FUND, L.P.
		
	By:	 	OZ Eureka Fund GP, L.P., its General Partner
		
	By:	 	OZ Eureka Fund GP, LLC, its General Partner
		
	By:	 	OZ Advisors LP, its Member
		
	By:	 	Och-Ziff Holding Corporation, its General Partner
		
	By:	 	 /s/ Joel Frank

	Name:	 	Joel Frank
	Title:	 	Chief Financial Officer

  
 Signature Page to 

Common Stock Subscription Agreement 

 
			
	 OZ ENHANCED MASTER FUND, LTD.

		
	By:	 	OZ Management LP, its investment manager
		
	By:	 	Och-Ziff Holding Corporation, its General Partner
		
	By:	 	 /s/ Joel Frank

	Name:	 	Joel Frank
	Title:	 	Chief Financial Officer

  
 Signature Page to 

Common Stock Subscription Agreement 

 
			
	GORDEL CAPITAL LIMITED
		
	By:	 	OZ Management LP, its investment manager
		
	By:	 	Och-Ziff Holding Corporation, its General Partner
		
	By:	 	 /s/ Joel Frank

	Name:	 	Joel Frank
	Title:	 	Chief Financial Officer
	
	GOLDMAN SACHS PROFIT SHARING MASTER TRUST
		
	By:	 	OZ Management II LP, its investment manager
		
	By:	 	Och-Ziff Holding II LLC, its General Partner
		
	By:	 	OZ Management LP, its Member
		
	By:	 	Och-Ziff Holding Corporation, its General Partner
		
	By:	 	 /s/ Joel Frank

	Name:	 	Joel Frank
	Title:	 	Chief Financial Officer
	
	OZ GLOBAL EQUITY OPPORTUNITIES MASTER FUND, LTD.
		
	By:	 	OZ Management LP, its investment manager
		
	By:	 	Och-Ziff Holding Corporation, its General Partner
		
	By:	 	 /s/ Joel Frank

	Name:	 	Joel Frank
	Title:	 	Chief Financial Officer

  
 Signature Page to 

Common Stock Subscription Agreement 

 
			
	OZ GLOBAL SPECIAL INVESTMENTS MASTER FUND, L.P.
		
	By:	 	OZ Advisors II LP, its General Partner
		
	By:	 	Och-Ziff Holding LLC, its General Partner
		
	By:	 	 /s/ Joel Frank

	Name:	 	Joel Frank
	Title:	 	Chief Financial Officer

  
 Signature Page to 

Common Stock Subscription Agreement 

 
			
	LORD, ABBETT & CO., LLC AS INVESTMENT ADVISOR ON BEHALF OF THE ADVISORY CLIENTS IDENTIFIED on exhibit 1 hereto
		
	By:	 	 /s/ Lawrence J. Kaplan

	Name:	 	Lawrence J. Kaplan
	Title:	 	Member & General Counsel

  
 Signature Page to 

Common Stock Subscription Agreement 

 EXHIBIT 1 TO LORD, ABBETT & CO., LLC 

SIGNATURE PAGE 
  

					
	 Client Name
	  	Share commitment	 
	 Lord Abbett Bond-Debenture Fund, Inc.
	  	 	882,750	  
	 Lord Abbett Investment Trust — Lord Abbett High Yield Fund
	  	 	393,200	  
	 Lord Abbett Investment Trust — Lord Abbett Convertible Fund
	  	 	260,000	  
	 Lord Abbett Research Fund, Inc. — Small-Cap Value Series
	  	 	271,500	  
	 Lord Abbett Series Fund, Inc. — Bond-Debenture Portfolio
	  	 	88,000	  
	 Met Investors Series Trust — Lord Abbett Bond Debenture Portfolio
	  	 	131,000	  
	 Lord Abbett Passport Portfolios plc — Lord Abbett High Yield Fund
	  	 	4,550	  
	 Lord Abbett Passport Portfolios plc — Lord Abbett Multi-Sector Income Fund
	  	 	500	  

 EXHIBIT 1 TO LORD, ABBETT & CO., LLC 

SIGNATURE PAGE 

 Schedule A – List of Purchasers and Commitment Amounts 

 

									
	 Purchaser
	  	Shares of Class A
Common Stock	 	  	Purchase Price	 
			
	 ZP Master Utility Fund, Ltd
	  	 	2,618,709	  	  	$	40,589,989.50	  
	 P Zimmer Ltd.
	  	 	607,097	  	  	$	9,410,003.50	  
	 MTP Energy Fund Ltd.
	  	 	1,612,903	  	  	$	24,999,996.50	  
	 Blackwell Partners LLC
	  	 	38,387	  	  	$	594,998.50	  
	 Compass Offshore HTV PCC Limited
	  	 	46,903	  	  	$	726,996.50	  
	 Compass HTV LLC
	  	 	69,806	  	  	$	1,081,993.00	  
	 Hipparchus Master Fund Ltd
	  	 	57,613	  	  	$	893,001.50	  
	 Magnetar Capital Master Fund Ltd
	  	 	124,065	  	  	$	1,923,007.50	  
	 Magnetar Global Event Driven Master Fund Ltd
	  	 	218,323	  	  	$	3,384,006.50	  
	 Spectrum Opportunities Master Fund Ltd
	  	 	90,065	  	  	$	1,396,007.50	  
	 Lord Abbett Bond-Debenture Fund, Inc.
	  	 	882,750	  	  	$	13,682,625.00	  
	 Lord Abbett Investment Trust – Lord Abbett High Yield Fund
	  	 	393,200	  	  	$	6,094,600.00	  
	 Lord Abbett Investment Trust - Lord Abbett Convertible Fund
	  	 	260,000	  	  	$	4,030,000.00	  
	 Lord Abbett Research Fund, Inc. – Small-Cap Value Series
	  	 	271,500	  	  	$	4,208,250.00	  
	 Lord Abbett Series Fund, Inc. – Bond-Debenture Portfolio
	  	 	88,000	  	  	$	1,364,000.00	  
	 Met Investors Series Trust - Lord Abbett Bond Debenture Portfolio
	  	 	131,000	  	  	$	2,030,500.00	  
	 Lord Abbett Passport Portfolios plc - Lord Abbett High Yield Fund
	  	 	4,550	  	  	$	70,525.00	  
	 Lord Abbett Passport Portfolios plc – Lord Abbett Multi-Sector Income Fund
	  	 	500	  	  	$	7,750.00	  
	 Luxor Capital Partners, LP
	  	 	722,442	  	  	$	11,197,851.00	  
	 Luxor Capital Partners Offshore Master Fund, LP
	  	 	748,650	  	  	$	11,604,075.00	  
	 Luxor Wavefront, LP
	  	 	141,811	  	  	$	2,198,070.50	  
	 OZ Master Fund, Ltd.
	  	 	1,268,822	  	  	$	19,666,741.00	  
	 Goldman Sachs Profit Sharing Master Trust
	  	 	24,691	  	  	$	382,710.50	  
	 Gordel Capital Limited
	  	 	23,182	  	  	$	359,321.00	  

  
 A-1 

									
	 Purchaser
	  	Shares of Class A
Common Stock	 	  	Purchase Price	 
			
	 OZ Enhanced Master Fund Ltd
	  	 	103,152	  	  	$	1,598,856.00	  
	 OZ Eureka Fund LP
	  	 	24,210	  	  	$	375,255.00	  
	 OZ Global Special Investments Master Fund, L.P.
	  	 	5,418	  	  	$	83,979.00	  
	 OZ Global Equity Opportunities Master Fund, Ltd.
	  	 	13,335	  	  	$	206,692.50	  
	 OZC Global Equities Master Fund, L.P.
	  	 	37,190	  	  	$	576,445.00	  
	 Adage Capital Partners, L.P.
	  	 	1,500,000	  	  	$	23,250,000.00	  
	 Encompass Capital Master Fund LP
	  	 	436,823	  	  	$	6,770,756.50	  
	 Encompass Capital E&P Master Fund LP
	  	 	563,177	  	  	$	8,729,243.50	  
	 O’Connor Global Multi-Strategy Alpha Master Limited
	  	 	483,871	  	  	$	7,500,000.50	  
	 Highbridge International, LLC
	  	 	483,871	  	  	$	7,500,000.50	  
	 Standard Investment Research Hedged Equity Master Fund, Ltd
	  	 	435,000	  	  	$	6,742,500.00	  
	 T. Rowe Price New Horizons Fund, Inc.
	  	 	198,901	  	  	$	3,082,950.50	  
	 T. Rowe Price New Horizons Trust
	  	 	22,800	  	  	$	353,400.00	  
	 T. Rowe Price U.S. Equities Trust
	  	 	400	  	  	$	6,200.00	  
	 New York City Deferred Compensation Plan
	  	 	7,000	  	  	$	108,500.00	  
	 T. Rowe Price Small-Cap Value Fund, Inc.
	  	 	114,800	  	  	$	1,779,400.00	  
	 T. Rowe Price U.S. Small-Cap Value Equity Trust
	  	 	10,500	  	  	$	162,750.00	  
	 T. Rowe Price U.S. Equities Trust
	  	 	380	  	  	$	5,890.00	  
	 TOTAL
	  	 	14,885,797	  	  	$	230,729,853.50	  

  
 A-2 

 Schedule B – Notice and Contact Information 

 

			
	 Purchaser
	  	 Contact Information

	ZP Master Utility Fund, Ltd	  	 c/o Zimmer Partners, LP
 888 Seventh Avenue, 23rd Floor
 New York, NY 10016

Attn: Barbara Burger
 212-440-0749

bburger@zimmerpartners.com

		
	P Zimmer Ltd.	  	 c/o Zimmer Partners, LP
 888 Seventh Avenue, 23rd Floor
 New York, NY 10016

Attn: Barbara Burger
 212-440-0749

bburger@zimmerpartners.com

		
	MTP Energy Fund Ltd.	  	 c/o MTP Energy Management LLC
 1603 Orrington
Avenue, 13th Floor
 Evanston, IL 60201
 Phone: 847-905-4400

Email: notices@magnetar.com

		
	Blackwell Partners LLC	  	 c\o Magnetar Financial LLC
 1603 Orrington
Avenue, 13th Floor
 Evanston, IL 60201
 Phone: 847-905-4400

Email: notices@magnetar.com

		
	Compass Offshore HTV PCC Limited	  	 c\o Magnetar Financial LLC
 1603 Orrington
Avenue, 13th Floor
 Evanston, IL 60201
 Phone: 847-905-4400

Email: notices@magnetar.com

		
	Compass HTV LLC	  	 c\o Magnetar Financial LLC
 1603 Orrington
Avenue, 13th Floor
 Evanston, IL 60201
 Phone: 847-905-4400

Email: notices@magnetar.com

		
	Hipparchus Master Fund Ltd	  	 c\o Magnetar Financial LLC
 1603 Orrington
Avenue, 13th Floor
 Evanston, IL 60201
 Phone: 847-905-4400

Email: notices@magnetar.com

  
 B-1 

			
	 Purchaser
	  	 Contact Information

	Magnetar Capital Master Fund Ltd	  	 c\o Magnetar Financial LLC
 1603 Orrington
Avenue, 13th Floor
 Evanston, IL 60201
 Phone: 847-905-4400

Email: notices@magnetar.com

		
	Magnetar Global Event Driven Master Fund Ltd	  	 c\o Magnetar Financial LLC
 1603 Orrington
Avenue, 13th Floor
 Evanston, IL 60201
 Phone: 847-905-4400

Email: notices@magnetar.com

		
	Spectrum Opportunities Master Fund Ltd	  	 c\o Magnetar Financial LLC
 1603 Orrington
Avenue, 13th Floor
 Evanston, IL 60201
 Phone: 847-905-4400

Email: notices@magnetar.com

		
	Lord Abbett Bond-Debenture Fund, Inc.	  	 c/o Lord, Abbett & Co. LLC
 90 Hudson
St.
 Jersey City, NJ 07302
 Attn: General Counsel

Tel: 201-827-2269
 Fax: 201-536-3979

Email: lkaplan@lordabbett.com

		
	Lord Abbett Investment Trust – Lord Abbett High Yield Fund	  	 c/o Lord, Abbett & Co. LLC
 90 Hudson
St.
 Jersey City, NJ 07302
 Attn: General Counsel

Tel: 201-827-2269
 Fax: 201-536-3979

Email: lkaplan@lordabbett.com

		
	Lord Abbett Investment Trust - Lord Abbett Convertible Fund	  	 c/o Lord, Abbett & Co. LLC
 90 Hudson
St.
 Jersey City, NJ 07302
 Attn: General Counsel

Tel: 201-827-2269
 Fax: 201-536-3979

Email: lkaplan@lordabbett.com

  
 B-2 

			
	 Purchaser
	  	 Contact Information

	Lord Abbett Research Fund, Inc. – Small-Cap Value Series	  	 c/o Lord, Abbett & Co. LLC
 90 Hudson
St.
 Jersey City, NJ 07302
 Attn: General Counsel

Tel: 201-827-2269
 Fax: 201-536-3979

Email: lkaplan@lordabbett.com

		
	Lord Abbett Series Fund, Inc. – Bond-Debenture Portfolio	  	 c/o Lord, Abbett & Co. LLC
 90 Hudson
St.
 Jersey City, NJ 07302
 Attn: General Counsel

Tel: 201-827-2269
 Fax: 201-536-3979

Email: lkaplan@lordabbett.com

		
	Met Investors Series Trust - Lord Abbett Bond Debenture Portfolio	  	 c/o Lord, Abbett & Co. LLC
 90 Hudson
St.
 Jersey City, NJ 07302
 Attn: General Counsel

Tel: 201-827-2269
 Fax: 201-536-3979

Email: lkaplan@lordabbett.com

		
	Lord Abbett Passport Portfolios plc - Lord Abbett High Yield Fund	  	 c/o Lord, Abbett & Co. LLC
 90 Hudson
St.
 Jersey City, NJ 07302
 Attn: General Counsel

Tel: 201-827-2269
 Fax: 201-536-3979

Email: lkaplan@lordabbett.com

		
	Lord Abbett Passport Portfolios plc – Lord Abbett Multi-Sector Income Fund	  	 c/o Lord, Abbett & Co. LLC
 90 Hudson
St.
 Jersey City, NJ 07302
 Attn: General Counsel

Tel: 201-827-2269
 Fax: 201-536-3979

Email: lkaplan@lordabbett.com

		
	Luxor Capital Partners, LP	  	 c/o Luxor Capital Group, LP
 1114 Avenue of
the Americas, 29th Floor
 New York, NY 10036

Attention: Norris Nissim
 Fax: 212-796-8001

Email: nnissim@luxorcap.com

            
legal@luxorcap.com

  
 B-3 

			
	 Purchaser
	  	 Contact Information

	Luxor Capital Partners Offshore Master Fund, LP	  	 c/o Luxor Capital Group, LP
 1114 Avenue of
the Americas, 29th Floor
 New York, NY 10036

Attention: Norris Nissim
 Fax: 212-796-8001

Email: nnissim@luxorcap.com

            legal@luxorcap.com

		
	Luxor Wavefront, LP	  	 c/o Luxor Capital Group, LP
 1114 Avenue of
the Americas, 29th Floor
 New York, NY 10036

Attention: Norris Nissim
 Fax: 212-796-8001

Email: nnissim@luxorcap.com

            legal@luxorcap.com

		
	OZ Master Fund, Ltd.	  	 State Street (Cayman) Trust Limited
 Suite
3307, Gardenia Court, 45 Market Street
 Camana Bay, Grand Cayman KY1-1103

Cayman Islands
  

c/o OZ Management LP
 9 West 57th Street, 13th Floor
 New York, NY 10019

Facsimile: 212-790-0077

		
	Goldman Sachs Profit Sharing Master Trust	  	 30 Hudson Street
 Jersey City, NJ 070302

 
 c/o OZ Management LP

9 West 57th Street, 13th Floor

New York, NY 10019
 Facsimile: 212-790-0077

		
	Gordel Capital Limited	  	 Trident Trust Company (B.V.I.) Limited

Trident Chambers
 P.O. Box 146

Road Town, Tortola
 British Virgin Islands

c/o OZ Management LP
 9 West 57th Street, 13th Floor
 New York, NY 10019

Facsimile: 212-790-0077

  
 B-4 

			
	 Purchaser
	  	 Contact Information

	OZ Enhanced Master Fund Ltd	  	 State Street (Cayman) Trust Limited
 Suite
3307, Gardenia Court, 45 Market Street
 Camana Bay, Grand Cayman KY1-1103

Cayman Islands
  

c/o OZ Management LP
 9 West 57th Street, 13th Floor
 New York, NY 10019

Facsimile: 212-790-0077

		
	OZ Eureka Fund LP	  	 c/o OZ Management LP
 9 West 57th Street, 13th Floor
 New York, NY 10019

Facsimile: 212-790-0077

		
	OZ Global Special Investments Master Fund, L.P.	  	 State Street (Cayman) Trust Limited
 Suite
3307, Gardenia Court, 45 Market Street
 Camana Bay, Grand Cayman KY1-1103

Cayman Islands
  

c/o OZ Management LP
 9 West 57th Street, 13th Floor
 New York, NY 10019

Facsimile: 212-790-0077

		
	OZ Global Equity Opportunities Master Fund, Ltd.	  	 State Street (Cayman) Trust Limited
 PO Box
896
 Gardenia Court, Suite 3307
 45 Market Street

Camana Bay, Grand Cayman KY1-1103
 Cayman Islands

 
 c/o OZ Management LP

9 West 57th Street, 13th Floor

New York, NY 10019
 Facsimile:
212-790-0077

  
 B-5 

			
	 Purchaser
	  	 Contact Information

	OZC Global Equities Master Fund, L.P.	  	 State Street (Cayman) Trust Limited
 PO Box
896
 Gardenia Court, Suite 3307
 45 Market Street

Camana Bay, Grand Cayman KY1-1103
 Cayman Islands

 
 c/o OZ Management LP

9 West 57th Street, 13th Floor

New York, NY 10019
 Facsimile: 212-790-0077

		
	Adage Capital Partners, L.P.	  	 200 Clarendon Street
 52nd Floor

Boston, MA 02116
 Attn: Dan Lehan

617-867-2855
 djl@adagecapital.com

		
	Encompass Capital Master Fund LP	  	 c/o Encompass Capital Advisors LLC
 200 Park
Avenue, 11th Floor
 New York, NY 10166

LKassman@encompasscap.com

		
	Encompass Capital E&P Master Fund LP	  	 c/o Encompass Capital Advisors LLC
 200 Park
Avenue, 11th Floor
 New York, NY 10166

LKassman@encompasscap.com

		
	O’Connor Global Multi-Strategy Alpha Master Limited	  	 c/o UBS O’Connor LLC
 UBS Tower, One
North Wacker Drive, Floor 32
 Chicago, IL 60606
 Email:
dl-ubsoc-corpact@ubs.com

		
	Highbridge International, LLC	  	 c/o Highbridge Capital Management, LLC
 40
West 57th Street, 32nd Floor
 New York, NY
10019
 Attn: Jon Dorfman
 Facsimile: 212-755-4250

jdorfman@highbridge.com

		
	Standard Investment Research Hedged Equity Master Fund, Ltd	  	 c/o SIR Capital Management LP
 620 8th Avenue – 22nd Floor
 New York, NY 10018

Phone: 212-993-7092
 sirops@sirfunds.com

Attn: Mirco Elias or Ben Fooshee

  
 B-6 

			
	 Purchaser
	  	 Contact Information

	T. Rowe Price New Horizons Fund, Inc.	  	 c/o T. Rowe Price Associates, Inc.
 100 East
Pratt Street
 Baltimore, MD 21202
 Attn: Matthew Dow, Vice
President
 Phone: 410-345-3469
 Email:
matthew_dow@troweprice.com

		
	T. Rowe Price New Horizons Trust	  	 c/o T. Rowe Price Associates, Inc.
 100 East
Pratt Street
 Baltimore, MD 21202
 Attn: Matthew Dow, Vice
President
 Phone: 410-345-3469
 Email:
matthew_dow@troweprice.com

		
	T. Rowe Price U.S. Equities Trust	  	 c/o T. Rowe Price Associates, Inc.
 100 East
Pratt Street
 Baltimore, MD 21202
 Attn: Matthew Dow, Vice
President
 Phone: 410-345-3469
 Email:
matthew_dow@troweprice.com

		
	New York City Deferred Compensation Plan	  	 c/o T. Rowe Price Associates, Inc.
 100 East
Pratt Street
 Baltimore, MD 21202
 Attn: Matthew Dow, Vice
President
 Phone: 410-345-3469
 Email:
matthew_dow@troweprice.com

		
	T. Rowe Price Small-Cap Value Fund, Inc.	  	 c/o T. Rowe Price Associates, Inc.
 100 East
Pratt Street
 Baltimore, MD 21202
 Attn: Matthew Dow, Vice
President
 Phone: 410-345-3469
 Email:
matthew_dow@troweprice.com

		
	T. Rowe Price U.S. Small-Cap Value Equity Trust	  	 c/o T. Rowe Price Associates, Inc.
 100 East
Pratt Street
 Baltimore, MD 21202
 Attn: Matthew Dow, Vice
President
 Phone: 410-345-3469
 Email:
matthew_dow@troweprice.com

  
 B-7 

			
	 Purchaser
	  	 Contact Information

		
	T. Rowe Price U.S. Equities Trust	  	 c/o T. Rowe Price Associates, Inc.
 100 East
Pratt Street
 Baltimore, MD 21202
 Attn: Matthew Dow, Vice
President
 Phone: 410-345-3469
 Email:
matthew_dow@troweprice.com

  
 B-8 

 Schedule C – Subsidiaries 

 

			
	 Name
	  	 Jurisdiction of Organization

	Parsley Energy, LLC	  	Delaware
	Parsley Energy Operations, LLC	  	Texas
	Parsley Energy Aviation, LLC	  	Texas
	Parsley Energy Management, LLC	  	Texas
	Parsley Energy, L.P.	  	Texas
	Parsley Finance Corp.	  	Delaware
	Spraberry Production Services, LLC	  	Texas

  
 C-1 

 Exhibit A 

Form of Opinion of Vinson & Elkins L.L.P. 

Capitalized terms used but not defined herein have the meanings assigned to such terms in the Common Stock Subscription Agreement (the “Purchase
Agreement”). The Company shall furnish to the Purchasers at the Closing an opinion of Vinson & Elkins L.L.P., counsel for the Company, addressed to the Purchasers and dated the Closing Date in form satisfactory to the Purchasers,
stating that: 
 (i) The Company has been duly incorporated and is validly existing as a corporation, and is in good standing under the
laws of the State of Delaware, with the corporate power and authority to own or lease, as the case may be, and to operate its properties and conduct the businesses in which it is currently engaged; and is duly qualified to do business as a foreign
corporation and is in good standing in the State of Texas. 
 (ii) The Purchased Shares have been duly authorized in accordance with the
Company’s Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws and, when issued and delivered by the Company to the Purchasers upon payment therefor in accordance with the Purchase Agreement, will be validly issued,
fully paid and non-assessable. 
 (iii) Assuming the accuracy of the representations and warranties of the Purchasers and the Company
contained in the Purchase Agreement, and the representations and warranties of the Placement Agent in the Placement Agent Engagement Letter, the offer, issuance and sale of the Purchased Shares by the Company to the Purchasers solely in the manner
contemplated by the Purchase Agreement are exempt from the registration requirements of the Securities Act; provided that such counsel will express no opinion as to any subsequent sale. 

  
 Exhibit A to 

Common Stock Subscription Agreement

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