Document:

EX-10.4

 Exhibit 10.4 

INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (“Agreement”) is made as of [●], 2017, by and between Tapstone Energy Inc., a Delaware
corporation (the “Company”), and (“Indemnitee”). 
 RECITALS: 

WHEREAS, directors, officers and other persons in service to corporations or business enterprises are subjected to expensive and
time-consuming litigation relating to, among other things, matters that traditionally would have been brought only against the Company or business enterprise itself; 

WHEREAS, highly competent persons have become more reluctant to serve as directors, officers or in other capacities unless they are provided
with adequate protection through insurance and adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of the corporation; 

WHEREAS, the Board of Directors of the Company (the “Board”) has determined that the increased difficulty in attracting and
retaining such persons is detrimental to the best interests of the Company and its stockholders and that the Company should act to assure such persons that there will be increased certainty of such protection in the future; 

WHEREAS, (i) the Amended and Restated Bylaws of the Company (as may be amended, the “Bylaws”) require indemnification of
the officers and directors of the Company, (ii) Indemnitee may also be entitled to indemnification pursuant to the General Corporation Law of the State of Delaware (“DGCL”) and (iii) the Bylaws and the DGCL expressly
provide that the indemnification provisions set forth therein are not exclusive and thereby contemplate that contracts may be entered into between the Company and members of the Board, officers and other persons with respect to indemnification; 

WHEREAS, this Agreement is a supplement to and in furtherance of the Bylaws and the Amended and Restated Certificate of Incorporation of the
Company (as may be amended, the “Certificate of Incorporation”) and any resolutions adopted pursuant thereto, and shall not be deemed a substitute therefore, nor to diminish or abrogate any rights of Indemnitee thereunder; and 

WHEREAS, (i) Indemnitee does not regard the protection available under the Bylaws and insurance as adequate in the present circumstances,
(ii) Indemnitee may not be willing to serve or continue to serve as a director or officer of the Company without adequate protection, (iii) the Company desires Indemnitee to serve in such capacity, and (iv) Indemnitee is willing to
serve, continue to serve and to take on additional service for or on behalf of the Company on the condition that he be so indemnified. 

 AGREEMENT: 

NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree
as follows: 
 Section 1. Definitions. (a) As used in this Agreement: 

“Affiliate” of any specified Person shall mean any other Person controlling, controlled by or under common control with such
specified Person. 
 “Corporate Status” describes the status of a person who is or was a director, officer, employee or
agent of (i) the Company or (ii) any other corporation, limited liability company, partnership or joint venture, trust, employee benefit plan or other enterprise which such person is or was serving at the request of the Company. 

“Disinterested Director” shall mean a director of the Company who is not and was not a party to the Proceeding in respect of
which indemnification is sought by Indemnitee. 
 “Enterprise” shall mean the Company and any other corporation, limited
liability company, partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a director, officer, employee, agent or fiduciary. 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

“Expenses” shall mean all reasonable costs, expenses, fees and charges, including, without limitation, attorneys’ fees,
accountants’ fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, and all other disbursements or
expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding. Expenses also shall include,
without limitation, (i) expenses incurred in connection with any appeal resulting from, incurred by Indemnitee in connection with, arising out of, or in respect of or relating to, any Proceeding, including, without limitation, the premium,
security for, and other costs relating to any cost bond, supersedes bond, or other appeal bond or its equivalent, (ii) for purposes of Section 12(d) hereof only, expenses incurred by Indemnitee in connection with the interpretation, enforcement
or defense of Indemnitee’s rights under this Agreement, by litigation or otherwise, (iii) any federal, state, local or foreign taxes imposed on Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement,
and (iv) any interest, assessments or other charges in respect of the foregoing. “Expenses” shall not include “Liabilities.” 

“Indemnity Obligations” shall mean all obligations of the Company to Indemnitee under this Agreement, including the
Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement. 

“Independent Counsel” shall mean a law firm of fifty (50) or more attorneys, or a member of a law firm of fifty
(50) or more attorneys, that is experienced in matters of 

  
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corporation law and neither presently is, nor in the past five (5) years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party
(other than with respect to matters concerning Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder;
provided, however, that the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the
Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. 
 “Liabilities” shall mean
all claims, liabilities, damages, losses, judgments, orders, fines, penalties and other amounts payable in connection with, arising out of, or in respect of or relating to any Proceeding, including, without limitation, amounts paid in settlement in
any Proceeding and all costs and expenses in complying with any judgment, order or decree issued or entered in connection with any Proceeding or any settlement agreement, stipulation or consent decree entered into or issued in settlement of any
Proceeding. 
 “Person” shall mean any individual, corporation, partnership, limited partnership, limited liability
company, trust, governmental agency or body or any other legal entity. 
 “Proceeding” shall mean any threatened, pending
or completed action, claim, suit, arbitration, alternate dispute resolution mechanism, formal or informal hearing, inquiry or investigation, litigation, inquiry, administrative hearing or any other actual, threatened or completed judicial,
administrative or arbitration proceeding (including, without limitation, any such proceeding under the Securities Act of 1933, as amended, or the Exchange Act or any other federal law, state law, statute or regulation), whether brought in the right
of the Company or otherwise, and whether of a civil, criminal, administrative or investigative nature, in each case, in which Indemnitee was, is or will be, or is threatened to be, involved as a party, witness or otherwise by reason of the fact that
Indemnitee is or was a director or officer of the Company, by reason of any actual or alleged action taken by Indemnitee or of any action on Indemnitee’s part while acting as director or officer of the Company, or by reason of the fact that he
is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, limited liability company, partnership, joint venture, trust or other enterprise, in each case whether or not serving in such capacity
at the time any liability or expense is incurred for which indemnification, reimbursement, or advancement can be provided under this Agreement. 

“Sponsor Entities” means (i) GSO E&P Holdings I LP, a Delaware limited partnership, and (ii) any of its
respective Affiliates and any investment fund or other Person advised or managed by any Sponsor Entity or its Affiliates; provided, however, that neither the Company nor any of its subsidiaries shall be considered Sponsor Entities
hereunder. 
 (b) For the purpose hereof, references to “fines” shall include any excise tax assessed with respect to any employee
benefit plan; references to “serving at the request of the Company” shall include any service as a director, officer, employee or agent of the Company which imposes duties on, or involves services by, such director, officer, employee or
agent with respect to an employee benefit plan, its participants or beneficiaries; and a Person who acted in good faith and in a manner he reasonably believed to be in the best interests of the participants and beneficiaries of an employee benefit
plan shall be deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to in this Agreement. 

  
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 Section 2. Indemnity in Third-Party Proceedings. The Company shall indemnify and hold
harmless Indemnitee, to the fullest extent permitted by applicable law, from and against all Liabilities and Expenses suffered or reasonably incurred (and, in the case of retainers, reasonably expected to be incurred) by Indemnitee or on
Indemnitee’s behalf in connection with any Proceeding (other than any Proceeding brought by or in the right of the Company to procure a judgment in its favor), or any claim, issue or matter therein. 

Section 3. Indemnity in Proceedings by or in the Right of the Company. The Company shall indemnify and hold harmless Indemnitee,
to the fullest extent permitted by applicable law, from and against all Liabilities and Expenses suffered or incurred by Indemnitee or on Indemnitee’s behalf in connection with any Proceeding brought by or in the right of the Company to procure
a judgment in its favor, or any claim, issue or matter therein. No indemnification for Liabilities and Expenses shall be made under this Section 3 in respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudged
by a court to be liable to the Company, unless and only to the extent that the Delaware Court of Chancery or any court in which the Proceeding was brought shall determine upon application that, despite the adjudication of liability but in view of
all the circumstances of the case, Indemnitee is fairly and reasonably entitled to such indemnification. 
 Section 4.
Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provisions of this Agreement, and without limiting the rights of Indemnitee under any other provision hereof, including any rights to
indemnification pursuant to Sections 2 or 3 hereof, to the fullest extent permitted by applicable law, to the extent that Indemnitee is successful, on the merits or otherwise, in any Proceeding or in defense of any claim, issue or matter therein, in
whole or in part, the Company shall indemnify Indemnitee against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with each successfully resolved Proceeding, claim, issue or matter. For
purposes of this Section 4 and without limitation, the termination of any Proceeding or claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or
matter. 
 Section 5. Indemnification For Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the
fullest extent permitted by applicable law and to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a witness or otherwise a participant in any Proceeding to which Indemnitee is not a party, Indemnitee shall be
indemnified against all Expenses suffered or incurred (or, in the case of retainers, reasonably expected to be incurred) by Indemnitee or on Indemnitee’s behalf in connection therewith. 

Section 6. Additional Indemnification. Notwithstanding any limitation in Sections 2, 3 or 4 hereof, the Company shall indemnify
Indemnitee to the fullest extent permitted by applicable law if Indemnitee is a party to or threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment in its favor) against all
Liabilities and Expenses suffered or reasonably incurred by Indemnitee in connection with such Proceeding, including but not limited to: 

(a) the fullest extent permitted by the provision of the DGCL that authorizes or contemplates additional indemnification by agreement, or the
corresponding provision of any amendment to or replacement of the DGCL; and 
 (b) the fullest extent authorized or permitted by any
amendments to or replacements of the DGCL adopted after the date of this Agreement that increase the extent to which a corporation may indemnify its officers and directors. 

  
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 Section 7. Exclusions. Notwithstanding any provision in this Agreement, the Company
shall not be obligated under this Agreement to indemnify or hold harmless Indemnitee: 
 (a) for which payment has actually been made to or
on behalf of Indemnitee under any insurance policy obtained by the Company except with respect to any excess beyond the amount paid under such insurance policy; 

(b) for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within the
meaning of Section 16(b) of the Exchange Act or similar provisions of state statutory law or common law; 
 (c) except as provided in
Section 12(d) of this Agreement, in connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee or, if Indemnitee was nominated to the Board by a Sponsor Entity, such Sponsor Entity, including any Proceeding (or any part
of any Proceeding) initiated by Indemnitee or, if Indemnitee was nominated to the Board by a Sponsor Entity, such Sponsor Entity against the Company or its directors, officers, employees or other indemnitees, unless (i) the Board authorized the
Proceeding (or any part of any Proceeding) prior to its initiation or (ii) the Company provides the indemnification, in its sole discretion, pursuant to the powers vested in the Company under applicable law; or 

(d) if a final decision by a court having jurisdiction in the matter shall determine that such indemnification is not lawful. 

Section 8. Advancement. Notwithstanding any provision of this Agreement to the contrary, the Company shall advance, to the extent
not prohibited by applicable law, the Expenses and Liabilities reasonably incurred by Indemnitee in connection with any Proceeding, and such advancement shall be made within thirty (30) days after the receipt by the Company of a statement or
statements requesting such advances from time to time, whether prior to or after final disposition of any Proceeding. Advances shall be unsecured and interest free. Advances shall be made without regard to Indemnitee’s ability to repay the
Expenses and without regard to Indemnitee’s ultimate entitlement to indemnification under the other provisions of this Agreement. Advances shall include any and all Expenses reasonably incurred pursuing an action to enforce this right of
advancement, including Expenses incurred preparing and forwarding statements to the Company to support the advances claimed. Indemnitee shall qualify for advances upon the execution and delivery to the Company of this Agreement, which shall
constitute an undertaking providing that Indemnitee undertakes to repay the amounts advanced to the extent that it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company. This Section 8 shall not apply to any
claim made by Indemnitee for which indemnity is excluded pursuant to Section 7 hereof. 

  
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 Section 9. Procedure for Notification and Defense of Claim. 

(a) Indemnitee shall promptly notify the Company in writing of any Proceeding with respect to which Indemnitee intends to seek indemnification
or advancement hereunder following the receipt by Indemnitee of written notice thereof. The written notification to the Company shall include a description of the nature of the Proceeding and the facts underlying the Proceeding. To obtain
indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine
whether and to what extent Indemnitee is entitled to indemnification following the final disposition of such Proceeding. Any delay or failure by Indemnitee to notify the Company hereunder will not relieve the Company from any liability which it may
have to Indemnitee hereunder or otherwise than under this Agreement, and any delay or failure in so notifying the Company shall not constitute a waiver by Indemnitee of any rights under this Agreement. The Secretary of the Company shall, promptly
upon receipt of such a request for indemnification, advise the Board in writing that Indemnitee has requested indemnification. 
 (b) In the
event Indemnitee is entitled to indemnification and/or advancement with respect to any Proceeding, Indemnitee may, at Indemnitee’s option, (i) retain counsel selected by Indemnitee and approved by the Company to defend Indemnitee in such
Proceeding, at the sole expense of the Company (which approval shall not be unreasonably withheld, conditioned or delayed), or (ii) have the Company assume the defense of Indemnitee in such Proceeding, in which case the Company shall assume the
defense of such Proceeding with counsel selected by the Company and approved by Indemnitee (which approval shall not be unreasonably withheld, conditioned or delayed) within ten (10) days of the Company’s receipt of written notice of
Indemnitee’s election to cause the Company to do so. If the Company is required to assume the defense of any such Proceeding, it shall engage legal counsel for such defense, and the Company shall be solely responsible for all fees and expenses
of such legal counsel and otherwise of such defense. Such legal counsel may represent both Indemnitee and the Company (and any other party or parties entitled to be indemnified by the Company with respect to such matter) unless, in the reasonable
opinion of legal counsel to Indemnitee, there is a conflict of interest between Indemnitee and the Company (or any other such party or parties) or there are legal defenses available to Indemnitee that are not available to the Company (or any such
other party or parties). Notwithstanding either party’s assumption of responsibility for defense of a Proceeding, each party shall have the right to engage separate counsel at its own expense. The party having responsibility for defense of a
Proceeding shall provide the other party and its counsel with all copies of pleadings and material correspondence relating to the Proceeding. Indemnitee and the Company shall reasonably cooperate in the defense of any Proceeding with respect to
which indemnification is sought hereunder, regardless of whether the Company or Indemnitee assumes the defense thereof. Indemnitee may not settle or compromise any Proceeding without the prior written consent of the Company, which consent shall not
be unreasonably withheld, conditioned or delayed. The Company may not settle or compromise any Proceeding without the prior written consent of Indemnitee, which consent shall not be unreasonably withheld, conditioned or delayed. 

  
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 Section 10. Procedure Upon Application for Indemnification. 

(a) Upon written request by Indemnitee for indemnification pursuant to Section 9(a) hereof, if any determination by the Company is required by
applicable law with respect to Indemnitee’s entitlement thereto, such determination shall be made (i) if Indemnitee shall request such determination be made by Independent Counsel, by Independent Counsel, and (ii) in all other
circumstances, (A) by a majority vote of the Disinterested Directors, even though less than a quorum of the Board, (B) by a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors, even though less
than a quorum of the Board, (C) if there are no such Disinterested Directors or, if such Disinterested Directors so direct, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee, or
(D) if so directed by the Board, by the stockholders of the Company; and, if it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten (10) days after such determination. Indemnitee
shall cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or
information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. Any Expenses incurred by Indemnitee in so cooperating with the person, persons
or entity making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless therefrom. The
Company will not deny any written request for indemnification hereunder made in good faith by Indemnitee unless a determination as to Indemnitee’s entitlement to such indemnification described in this Section 10(a) has been made. The Company
agrees to pay the reasonable fees and expenses of the Independent Counsel referred to above and to fully indemnify such counsel against any and all Liabilities and Expenses arising out of or relating to this Agreement or its engagement pursuant
hereto. 
 (b) In the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section
10(a) hereof, (i) the Independent Counsel shall be selected by the Company within ten (10) days of the Submission Date (the cost of such Independent Counsel to be paid by the Company), (ii) the Company shall give written notice to
Indemnitee advising it of the identity of the Independent Counsel so selected and (iii) Indemnitee may, within ten (10) days after such written notice of selection shall have been given, deliver to the Company Indemnitee’s written
objection to such selection. Such objection by Indemnitee may be asserted only on the ground that the Independent Counsel selected does not meet the requirements of “Independent Counsel” as defined in this Agreement. If such written
objection is made and substantiated, the Independent Counsel selected shall not serve as Independent Counsel unless and until Indemnitee withdraws the objection or a court has determined that such objection is without merit. Absent a timely
objection, the person so selected shall act as Independent Counsel. If no Independent Counsel shall have been selected and not objected to before the later of (i) thirty (30) days after the later of submission by Indemnitee of a written request
for indemnification pursuant to Section 10(a) hereof (the “Submission Date”) and (ii) ten (10) days after the final disposition of the Proceeding, each of the Company and Indemnitee shall select a law firm or member of a law
firm meeting the qualifications to serve as Independent Counsel, and such law firms or members of law firms shall select the Independent Counsel. 

  
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 Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 12(a) of this Agreement,
Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). 

Section 11. Presumptions and Effect of Certain Proceedings. 

(a) In making a determination with respect to entitlement to indemnification hereunder, the person, persons or entity making such
determination shall, to the fullest extent not prohibited by applicable law, presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 9(a) of
this Agreement, and the Company shall, to the fullest extent not prohibited by applicable law, have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination contrary to that
presumption. Neither the failure of the Company (including by its directors or independent legal counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper in the
circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination by the Company (including by its directors or independent legal counsel) that Indemnitee has not met such applicable standard of conduct, shall
be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct. 
 (b) Subject to Section
12(e) hereof, if the person, persons or entity empowered or selected under Section 10 of this Agreement to determine whether Indemnitee is entitled to indemnification shall not have made a determination within sixty (60) days after receipt
by the Company of the request therefore, the requisite determination of entitlement to indemnification shall, to the fullest extent not prohibited by applicable law, be deemed to have been made and Indemnitee shall be entitled to such
indemnification, absent a prohibition of such indemnification under applicable law; provided, however, that such 60-day period may be extended for a reasonable time, not to exceed an additional
thirty (30) days, if (i) the determination is to be made by Independent Counsel and Indemnitee objects to the Company’s selection of Independent Counsel and (ii) the Independent Counsel ultimately selected requires such
additional time for the obtaining or evaluating of documentation or information relating thereto; provided further, however, that such 60-day period may also be extended for a reasonable time, not to
exceed an additional sixty (60) days, if the determination of entitlement to indemnification is to be made by the stockholders of the Company. 

(c) The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea
of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner
which he reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that Indemnitee’s conduct was unlawful. 

(d) Reliance as Safe Harbor. For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if
Indemnitee’s action is based on the 

  
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records or books of account of the Enterprise, including financial statements, or on information supplied to Indemnitee by the officers of the Enterprise in the course of their duties, or on the
advice of legal counsel for the Enterprise or on information or records given or reports made to the Enterprise by an independent certified public accountant or by an appraiser or other expert selected with the reasonable care by the Enterprise. The
provisions of this Section 11(d) shall not be deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement. 

(e) Actions of Others. The knowledge or actions, or failure to act, of any director, officer, agent or employee of the Enterprise shall
not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. 
 Section 12. Remedies
of Indemnitee. 
 (a) Subject to Section 12(e) hereof, in the event that (i) a determination is made pursuant to Section 10 of
this Agreement that Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement is not timely made pursuant to Section 8 of this Agreement, (iii) no determination of entitlement to indemnification shall have
been made pursuant to Section 10(a) of this Agreement within ninety (90) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Sections 4 or 5 or the last sentence of
Section 10(a) of this Agreement within ten (10) days after receipt by the Company of a written request therefor, (v) payment of indemnification pursuant to Sections 2, 3 or 6 of this Agreement is not made within ten (10) days after a
determination has been made that Indemnitee is entitled to indemnification, or (vi) in the event that the Company or any other Person takes or threatens to take any action to declare this Agreement void or unenforceable, or institutes any
litigation or other action or proceeding designed to deny, or to recover from, Indemnitee the benefits provided or intended to be provided to Indemnitee hereunder, Indemnitee shall be entitled to an adjudication by a court of Indemnitee’s
entitlement to such indemnification or advancement. Alternatively, Indemnitee, at Indemnitee’s option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American
Arbitration Association. The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration. 
 (b)
In the event that a determination shall have been made pursuant to Section 10(a) of this Agreement that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 12 shall be
conducted in all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that adverse determination. In any judicial proceeding or arbitration commenced pursuant to this Section 12 the
Company shall have the burden of proving Indemnitee is not entitled to indemnification or advancement, as the case may be. 
 (c) If a
determination shall have been made pursuant to Section 10(a) of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this
Section 12, absent a prohibition of such indemnification under applicable law. 

  
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 (d) The Company shall, to the fullest extent not prohibited by applicable law, be precluded from
asserting in any judicial proceeding or arbitration commenced pursuant to this Section 12 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such
arbitrator that the Company is bound by all the provisions of this Agreement. It is the intent of the Company that Indemnitee not be required to incur Expenses associated with the interpretation, enforcement or defense of Indemnitee’s rights
under this Agreement by litigation or otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to Indemnitee hereunder. The Company shall indemnify Indemnitee against any and all Expenses
and, if requested by Indemnitee, shall (within ten (10) days after receipt by the Company of a written request therefore) advance, to the extent not prohibited by applicable law, such Expenses to Indemnitee, which are incurred by Indemnitee in
connection with any action brought by Indemnitee for indemnification or advancement from the Company under this Agreement or under any directors’ and officers’ liability insurance policies maintained by the Company, regardless of whether
Indemnitee ultimately is determined to be entitled to such indemnification, advancement or insurance recovery, as the case may be. 
 (e)
Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement to indemnification under this Agreement shall be required to be made prior to the final disposition of the Proceeding; provided that, in absence of
any such determination with respect to such Proceeding, the Company shall advance Expenses with respect to such Proceeding. 

Section 13. Non-Exclusivity; Survival of Rights; Insurance; Subrogation. 

(a) The rights of indemnification and to receive advancement as provided by this Agreement shall not be deemed exclusive of any other rights
to which Indemnitee may at any time be entitled under applicable law, the Certificate of Incorporation, the Bylaws, any agreement, a vote of stockholders or a resolution of directors, or otherwise. No amendment, alteration or repeal of this
Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted by such Indemnitee in Indemnitee’s Corporate Status prior to such amendment, alteration or
repeal. To the extent that a change in Delaware law, whether by statute or judicial decision, permits greater indemnification or advancement than would be afforded currently under the Bylaws or this Agreement, it is the intent of the parties hereto
that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in
addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or
employment of any other right or remedy. 
 (b) The Company hereby acknowledges that Indemnitee may have certain rights to indemnification,
advancement and insurance provided by one or more Persons with whom or which Indemnitee may be associated (including, without limitation, any Sponsor Entity). The Company hereby acknowledges and agrees that (i) the Company shall be the
indemnitor of first resort with respect to any Proceeding, Expense, Liability or matter that is the subject of the Indemnity Obligations, (ii) the Company shall be primarily liable for all Indemnity

  
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Obligations and any indemnification afforded to Indemnitee in respect of any Proceeding, Expense, Liability or matter that is the subject of Indemnity Obligations, whether created by applicable
law, organizational or constituent documents, contract (including this Agreement) or otherwise, (iii) any obligation of any other Persons with whom or which Indemnitee may be associated (including, without limitation, any Sponsor Entity) to
indemnify Indemnitee or advance Expenses or Liabilities to Indemnitee in respect of any Proceeding shall be secondary to the obligations of the Company hereunder, (iv) the Company shall be required to indemnify Indemnitee and advance Expenses
or Liabilities to Indemnitee hereunder to the fullest extent provided herein without regard to any rights Indemnitee may have against any other Person with whom or which Indemnitee may be associated (including, any Sponsor Entity) or insurer of any
such Person and (v) the Company irrevocably waives, relinquishes and releases any other Person with whom or which Indemnitee may be associated (including, without limitation, any Sponsor Entity) from any claim of contribution, subrogation or
any other recovery of any kind in respect of amounts paid by the Company hereunder. In the event any other Person with whom or which Indemnitee may be associated (including, without limitations, any Sponsor Entity) or their insurers advances or
extinguishes any liability or loss which is the subject of any Indemnity Obligation owed by the Company or payable under any Company insurance policy, the payor shall have a right of subrogation against the Company or its insurer or insurers for all
amounts so paid which would otherwise be payable by the Company or its insurer or insurers under this Agreement. In no event will payment of an Indemnity Obligation by any other Person with whom or which Indemnitee may be associated (including,
without limitation, any Sponsor Entity) or their insurers affect the obligations of the Company hereunder or shift primary liability for any Indemnity Obligation to any other Person with whom or which Indemnitee may be associated (including, without
limitation, any Sponsor Entity). Any indemnification, insurance or advancement provided by any other Person with whom or which Indemnitee may be associated (including, without limitation, any Sponsor Entity) with respect to any liability arising as
a result of Indemnitee’s Corporate Status or capacity as an officer or director of any Person is specifically in excess over any Indemnity Obligation of the Company or valid and any collectible insurance (including but not limited to any
malpractice insurance or professional errors and omissions insurance) provided by the Company under this Agreement. 
 (c) To the extent
that the Company maintains an insurance policy or policies providing liability insurance for directors, officers, employees, or agents of the Company or of any other Enterprise, Indemnitee shall be covered by such policy or policies in accordance
with its or their terms to the maximum extent of the coverage available for any such director, officer, employee or agent under such policy or policies and such policies shall provide for and recognize that the insurance policies are primary to any
rights to indemnification, advancement or insurance proceeds to which Indemnitee may be entitled from one or more Persons with whom or which Indemnitee may be associated (including, without limitation, any Sponsor Entity) to the same extent as the
Company’s indemnification and advancement obligations set forth in this Agreement. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof, the Company has director and officer liability insurance in effect, the
Company shall give prompt notice of the commencement of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such
insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies. 

  
 11 

 (d) In the event of any payment under this Agreement, the Company shall not be subrogated to the
rights of recovery of Indemnitee, including rights of indemnification provided to Indemnitee from any other person or entity with whom Indemnitee may be associated (including, without limitation, any Sponsor Entity); provided, however,
that the Company shall be subrogated to the extent of any such payment of all rights of recovery of Indemnitee under insurance policies of the Company or any of its subsidiaries. 

(e) The indemnification and contribution provided for in this Agreement will remain in full force and effect regardless of any investigation
made by or on behalf of Indemnitee. 
 Section 14. Duration of Agreement; Not Employment Contract. This Agreement shall continue
until and terminate upon the latest of: (i) ten (10) years after the date that Indemnitee shall have ceased to serve as a director, officer, employee or agent of the Company or any other Enterprise and (ii) the date of final termination of
any Proceeding then pending in respect of which Indemnitee is granted rights of indemnification or advancement hereunder and of any proceeding commenced by Indemnitee pursuant to Section 12 of this Agreement relating thereto. This Agreement
shall be binding upon the Company and its successors and assigns and shall inure to the benefit of Indemnitee and Indemnitee’s heirs, executors, spouses and administrators. This Agreement shall not be deemed an employment contract between the
Company (or any of its subsidiaries or any other Enterprise) and Indemnitee. Indemnitee specifically acknowledges that Indemnitee’s employment with the Company (or any of its subsidiaries or any other Enterprise), if any, is at will, and
Indemnitee may be discharged at any time for any reason, with or without cause, except as may be otherwise provided in any written employment contract between Indemnitee and the Company (or any of its subsidiaries or any other Enterprise), other
applicable formal severance policies duly adopted by the Board, or, with respect to service as a director of the Company, by the Certificate of Incorporation, the Bylaws or the DGCL. 

Section 15. Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable
for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation, each portion of any Section of this Agreement containing any such provision held to be
invalid, illegal or unenforceable that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by applicable law; (b) such provision or
provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions of this Agreement (including,
without limitation, each portion of any Section of this Agreement containing any such provision held to be invalid, illegal or unenforceable that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent
manifested thereby. 
 Section 16. Enforcement. 

(a) The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in
order to induce Indemnitee to serve as a director, officer, employee or agent of the Company, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a director, officer, employee or agent of the Company. 

(b) This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all
prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided, however, that this Agreement is a supplement to and in furtherance of the Certificate of
Incorporation, the Bylaws and applicable law, and shall not be deemed a substitute therefore, nor diminish or abrogate any rights of Indemnitee thereunder. 

  
 12 

 Section 17. Modification and Waiver. No supplement, modification or amendment of this
Agreement shall be binding unless executed in writing by the parties thereto. No waiver of any of the provisions of this Agreement shall be deemed to be or shall constitute a waiver of any other provision of this Agreement nor shall any waiver
constitute a continuing waiver. 
 Section 18. Notices. All notices, requests, demands and other communications under this
Agreement shall be in writing and shall be deemed to have been duly given if (a) delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, (b) mailed by certified or registered
mail with postage prepaid, on the third business day after the date on which it is so mailed, (c) mailed by reputable overnight courier and receipted for by the party to whom said notice or other communication shall have been directed or
(d) sent by facsimile transmission, with receipt of oral confirmation that such transmission has been received: 
 (a) If to
Indemnitee, at the address indicated on the signature page of this Agreement, or such other address as Indemnitee shall provide to the Company. 

(b) If to the Company to 

Tapstone Energy Inc. 
 100 East
Main Street 
 Oklahoma City, Oklahoma 73104 

Attention: Board of Directors 
 or to any other
address as may have been furnished to Indemnitee by the Company. 
 Section 19. Contribution. To the fullest extent permissible
under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether for
Liabilities or for Expenses, in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect
(i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and transaction(s) giving cause to such Proceeding; and (ii) the relative fault of the Company (and its directors, officers, employees and agents)
and Indemnitee in connection with such event(s) and transaction(s). 

  
 13 

 Section 20. Applicable Law and Consent to Jurisdiction. This Agreement and the legal
relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. Except with respect to any arbitration commenced by Indemnitee pursuant
to Section 12(a) of this Agreement, the Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement shall be brought only in the Chancery Court of the
State of Delaware (the “Delaware Court”), and not in any other state or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the Delaware Court
for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) waive any objection to the laying of venue of any such action or proceeding in the Delaware Court, and (iv) waive, and agree not to plead
or to make, any claim that any such action or proceeding brought in the Delaware Court has been brought in an improper or inconvenient forum. 

Section 21. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be
deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement.

 Section 22. Third-Party Beneficiaries. The Sponsor Entities are intended third-party beneficiaries of this Agreement and
shall have all of the rights afforded to Indemnitee under this Agreement. 
 Section 22. Miscellaneous. Use of the masculine
pronoun shall be deemed to include usage of the feminine pronoun where appropriate. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the
construction thereof. 

  
 14 

 IN WITNESS WHEREOF, the parties have caused this Agreement to be signed as of the day and year
first above written. 
  

									
	TAPSTONE ENERGY INC.	 		 	      INDEMNITEE

									
					
	By:	 	  
	 		 	By:	 	  

	Name:	 	  
	 		 	Name:	 	  

	Title:	 	  
	 		 	Title:	 	  

 Signature Page to Indemnification AgreementEX-10.6

 Exhibit 10.6 

Execution Version 

AMENDED AND RESTATED 

EMPLOYMENT AGREEMENT 

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of
April 12, 2017 (the “Effective Date”), by and between Tapstone Energy, LLC, a Delaware limited liability company (the “Employer” or “Company”), and Steven C. Dixon, an
individual residing in the state of Oklahoma (the “Employee” and, together with the Employer, the “Parties”). This Agreement amends and restates that certain Employment Agreement executed on
December 15, 2016 (the “Commencement Date”) between the Parties (the “Original Agreement”). 

W I T N E S S E T H: 

WHEREAS, the Employer desires to continue to employ Employee as President and Chief Executive officer of the Employer; 

WHEREAS, the Employer and the Employee are parties to the Original Agreement; 

WHEREAS, it is anticipated that a subsidiary of Tapstone Energy Inc., a Delaware corporation, will merge with and into the Employer
immediately prior to the effectiveness of the Tapstone Energy Inc. Form S-1 Registration Statement filed with the Securities and Exchange Commission (such effectiveness being
the “IPO”); 
 WHEREAS, in connection with the IPO, this Agreement shall be assumed by Tapstone Energy
Inc., and thereafter, references to the Company and the Employer shall refer only to Tapstone Energy Inc.; and 
 WHEREAS, the
Employer and the Employee wish to amend and restate the Original Agreement in its entirety to set forth in writing the terms and conditions of the Employee’s continued employment commencing on the Effective Date. 

NOW, THEREFORE, the Employee and the Employer, in consideration of the agreements, covenants, and conditions herein, hereby agree as
follows: 
 1. Employment and Duties. 

(a) General. The Employee shall serve as the Chief Executive Officer and President of the Employer, reporting to the Employer’s
Board of Managers (the “Board”) of which Employee shall be a member. The Employee shall have such duties and responsibilities, commensurate with the Employee’s position, as may be reasonably assigned to the Employee from
time to time by the Board. The Employee’s duties are understood to include management and oversight of the Employer, helping to identify and implement business opportunities for the Employer and its subsidiaries, and developing goodwill for the
benefit of the Employer. The Employee’s duties under this Agreement shall include, without limitation, the following: (i) the Employee shall devote his full professional time and his best efforts, skill, attention, and energies to

  
 Page 1 of 18 

 
rendering the duties described herein for the benefit of the Employer; (ii) the Employee shall perform all services under this Agreement in accordance with all applicable federal, state, and
local laws and regulations and all requirements of all applicable regulatory, self-regulatory, and administrative bodies, and the Employee shall follow and comply with the Employer’s rules, regulations, policies, and guidelines adopted from
time to time by the Employer; (iii) the Employee shall owe the full breadth of fiduciary duties to the Employer under the common law, including the duties of care, loyalty, good faith, candor, and obedience, and the Employee agrees not to
engage in any conduct that creates a conflict of interest to, or damages the reputation of, the Employer; and (iv) the Employee shall maintain a cooperative attitude and cooperate fully with all personnel of the Employer in performing
Employee’s duties under this Agreement. The Employee’s principal place of employment shall be Oklahoma City, Oklahoma. 
 (b)
Exclusive Services. For so long as the Employee is employed by the Employer, the Employee shall devote his full attention to his duties hereunder, shall faithfully serve the Employer, shall in all respects conform to and comply with the
lawful and good faith directions and instructions given to him by the Board, and shall use his best efforts to promote and serve the interests of the Employer. Further, the Employee agrees that he will not, directly or indirectly, render services to
any other person or organization without the written consent of the Board or otherwise engage in activities that would interfere with his faithful performance of his duties hereunder. Notwithstanding the foregoing, nothing herein shall prohibit the
Employee from (i) engaging in charitable, civic, or fraternal activities or (ii) passively investing his personal assets in other entities or business ventures, subject to any applicable policies of the Employer, and so long as such
activities or investments do not materially interfere with the Employee’s ability to fulfill his duties under this Agreement and do not conflict with or compete with the interests of the Company. In addition, nothing shall prohibit the Employee
from serving on the board of directors of another entity, as long as such service is approved in advance in writing by the Board (which approval will not be unreasonably withheld). 

(c) Dodd-Frank Act, Sarbanes-Oxley and Other Applicable Law Requirements. The Employee agrees (i) to abide by any compensation
recovery, recoupment, anti-hedging, or other policy applicable to executives of the Company and its affiliates that is hereafter adopted by the Board or a duly authorized committee thereof to comply with applicable law as required by the Dodd-Frank
Wall Street Reform and Consumer Protection Act of 2010 (the “Dodd-Frank Act”), the Sarbanes-Oxley Act of 2002 (“Sarbanes-Oxley”), or other applicable law; and (ii) that the terms and conditions of
this Agreement shall be deemed automatically and unilaterally amended to the minimum extent necessary to ensure compliance by the Employee and this Agreement with such policies, the Dodd-Frank Act, Sarbanes-Oxley, and any other applicable law. 

2. Term. The term of employment under this Agreement shall commence on the Commencement Date and shall continue for a term of
two years (the “Employment Period”), unless terminated earlier in accordance with the provisions in this Agreement; provided, however, that at the end of such Employment Period the Employee’s employment shall
automatically renew for successive one-year periods unless a party gives 60 days’ written notice of cancellation to the other party prior to the expiration of any then-current employment period (such
period after the initial Employment Period being a “Renewal Period”), or unless terminated earlier in accordance with the provisions in this Agreement. The termination of the Employee’s employment shall not affect any of
the obligations that expressly extend beyond, or are not contingent upon, continued employment, including the obligations set forth in Section 6. 

  
 Page 2 of 18 

 3. Compensation and Benefits. Subject to the provisions of this Agreement, the
Employer shall pay and provide the following compensation and other benefits to the Employee during the Employment Period and the Renewal Period as compensation for services rendered hereunder: 

(a) Base Salary. The Employer shall pay to the Employee an annual salary of $650,000 (the “Base Salary”),
payable in substantially equal installments at such intervals as may be determined by the Employer in accordance with the Employer’s then ordinary payroll practices as established from time to time. The Base Salary shall be pro-rated based on the amount of time remaining in the calendar year as of the Commencement Date. The Base Salary shall be reviewed in good faith by the Compensation Committee of the Board, or in the absence
thereof, the Board (the “Committee”), based upon the Employee’s performance, not less often than annually. 

(b) Expenses. The Employer will reimburse the Employee for all reasonable and necessary business expenses incurred by the Employee in
the performance of his duties under this Agreement. The Employee must furnish to the Employer an itemized account, reasonably satisfactory to the Employer, in substantiation of all such expenditures. 

(c) Vacation. The Employee shall be entitled to paid vacation, sick leave, and holiday leave in accordance with the Employer’s
policies, which may be amended or terminated at any time. The Employee may not carry over accrued but unused vacation from one calendar year to the next, and any accrued but unused vacation will be forfeited at the end of the calendar year. 

(d) Employee Benefits. The Employee shall be entitled to participate in all employee benefit arrangements that the Employer may offer
to its executives of a like status from time to time, and as may be amended from time to time. 
 (e) Performance Bonus. During the
Employment Period and any Renewal Period, and subject to all eligibility requirements contained in this Agreement, the Employee shall be eligible for an “Annual Bonus.” The target equivalent for the Annual Bonus shall be
equal to 100% of the Employee’s Base Salary (the “Annual Target Bonus”), and it shall not exceed 200% of the Employee’s Base Salary. The Annual Bonus shall be calculated on an annual basis by the Board at the
Board’s sole and absolute discretion in consideration of the performance of both the Employer and Employee, and shall be paid on or prior to January 31 of each year (commencing on January 31, 2017). The Employee must be employed on
the date bonus payments are made in order to be eligible to receive the Annual Bonus. 
 (f) Initial Equity Awards. The Employee
shall also be entitled to receive the following initial grants, subject to his continued employment with the Company as of the date of grant or payment date (as the case may be): (i) common member interests, in the form of Class A Units to be
granted on the Effective Date, equal to 1% of all Class A Units and Incentive Units (which terms shall have the same definitions in this Section 3(f) as in the Limited Liability Company Agreement of the Company) of the Company outstanding
equity as of December 31, 2016, with a four year vesting schedule vesting at an annual rate of 25% per year (with the initial vesting period ending on December 15, 2017); (ii) contingent upon the occurrence of the IPO, options to
purchase 

  
 Page 3 of 18 

 
common stock of the Company equal to 0.5% of all outstanding Class A Units and Incentive Units of the Company outstanding as of December 31, 2016 (tracked on a fully converted bases to
the corporation that results from a reorganization of the Company immediately prior to the IPO), which options shall have an exercise price per share of common stock equal to 1.15x the price to the public market per share of common stock of the
Company in the IPO, and immediately granted thereafter, with a four year vesting schedule, vesting at an annual rate of 25% per year (with the initial vesting period to end on December 15, 2017); and (iii) a cash award equal to, and
resulting from, the following formula and paid once such amount is determined: (A) a cash payment equal to the value (computed by the Board as the 20-day post-IPO
volume weighted average price of Company common stock, as traded on the New York Stock Exchange immediately after the IPO) of the number of shares of Company common stock that would have resulted from a hypothetical grant of 250 pre-IPO Incentive Units (assuming such were granted and outstanding when the Company reorganizes its form immediately prior to the effectiveness of such IPO), plus (B) a cash payment equal to 15.8% of the
dollar amount of such award; provided, however, that notwithstanding this Section 3(f)(iii) to the contrary, if the IPO is not effective within one-hundred eighty (180) days from February 1, 2017,
then in lieu of any cash payment under this Section 3(f)(iii), the Employee shall receive, in the reasonable discretion of the Board, either: (y) a fully vested profits interest equity award covering 250 Incentive Units in the Company with a
threshold value at or near $0.00, or (z) if such threshold value cannot be achieved, then a fully vested capital interest equity award covering 250 Incentive Units in the Company plus a cash payment equal to 15.8% of the fair market value of
such award as of the date of grant. 
 (g) Annual Equity Awards. Unless otherwise determined by the Committee, commencing in fiscal
year 2018 and on an annual basis thereafter, the Committee shall grant the Employee an annual equity award with a grant date fair value approximately equal to two times (2x) the sum of the Employee’s Base Salary and the Annual Target Bonus,
subject to the terms and conditions set forth in the applicable award agreements. 
 (h) Indemnification Agreement. The
Indemnification Agreement attached hereto as Exhibit A is incorporated into this Agreement by reference. 
 4.
Termination of Employment Upon the Employee’s Death or Disability, or by the Employer for Cause, or by the Employee without Good Reason. 

(a) Termination of Employment Due to the Employee’s Death. If the Employee dies during the Employment Period or any Renewal
Period, the Employer shall pay to the estate of the Employee the following: (i) any unpaid Base Salary accrued through the termination date, (ii) a lump sum payment for any accrued but unused paid time off, (iii) rights to elect
continuation coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), (iv) a lump sum payment for any previously unreimbursed business expenses incurred by the Executive on behalf of the
Company during the term of his employment (collectively, such (i) through (iv) being the “Accrued Rights”), (vi) a lump sum cash payment equal to one year of the Base Salary plus an amount equal to one year of the
Annual Target Bonus, payable on the first regularly scheduled payroll date that immediately follows the 30th day from the above termination of employment; and (vii) an additional one year of incremental vesting of the portion of the Initial
Equity Awards outlined in Section 3(f)(i) and (ii) herein. Other than the obligations set forth in this Section 4(a), the Employer shall have no additional financial obligation under this Agreement to the Employee or his estate. 

  
 Page 4 of 18 

 (b) Termination of Employment Due to the Employee’s Disability, Illness or
Incapacity. If, in the opinion of a physician selected by the Company, the Employee becomes physically or mentally disabled or develops an illness or incapacity during the Employment Period or a Renewal Period which renders the Employee at least
temporarily unable to perform (despite reasonable accommodation) the essential elements of his job for a period which shall not equal or exceed either (1) 90 consecutive days or (2) 180 days within any continuous
12-month period, then the Employee shall continue to receive his Base Salary, less any benefits received (or to be received) during the foregoing respective periods by the Employee under any disability
insurance carried by or provided by the Employer. In addition to the foregoing, if the Employee’s employment is terminated due to his physical or mental disability, then, the Employer shall pay to the Employee the following: (i) the
Accrued Rights; (ii) a lump sum cash payment equal to one year of the Base Salary plus an amount equal to one year of the Annual Target Bonus, payable on the first regularly scheduled payroll date that immediately follows the 30th day from the
above termination of employment, and (iii) an additional one year of incremental vesting of the portion of the Initial Equity Awards outlined in Section 3(f)(i) and (ii) herein. The Employer is not obligated to carry disability insurance
for its employees. 
 (c) Termination of Employment by the Employer for Cause, or by the Employee Without Good Reason. The Employee
may terminate his employment hereunder voluntarily and without Good Reason upon giving at least 30 days’ prior written notice to the Employer. If the Employee terminates his employment voluntarily and without Good Reason (defined below)
effective on a date during the Employment Period or any Renewal Period or if the Employer terminates the employment of the Employee for Cause (defined below), then the Employer shall pay to the Employee the Accrued Rights. 

(d) Resignation by Employee Following a Change of Control. A “Change of Control” shall be deemed to occur if
either (i) any Person or Group (as those terms are defined by Section 13(d) of the Securities and Exchange Act of 1934 and any Regulations thereunder), other than GSO Capital Partners and any funds advised or
sub-advised by it or its affiliates, becomes an owner of the majority of the member interests of the Company or the common stock of its successor or (ii) the Company were to sell all or substantially all
of its assets. In the event the Employee terminates employment with the Employer on account of a Change of Control on or after the first anniversary of the Commencement Date, the Employee shall receive the following: (A) the Accrued Rights,
(B) a lump sum cash payment equal to one year of the Base Salary plus one year of the Annual Target Bonus, payable on the first regularly scheduled payroll date that immediately follows the 30th day from the above termination of employment, and
(C) an additional one year of incremental vesting of the portion of the Initial Equity Awards outlined in Section 3(f)(i) and (ii) herein (collectively, the “Change of Control Benefits”); provided that no payment or
benefit shall be made or commence earlier than 90 days following the Change of Control with the aggregate of any payments that would otherwise have been paid before such date paid to the Employee in a lump sum on such date. In the event the Employee
terminates employment with the Employer on account of a Change of Control prior to the first anniversary of the Commencement Date, the Employee shall be entitled to the Change of Control Benefits as outlined in the preceding sentence; provided that
if such Change of Control Benefits total less than $7,000,000.00, then the Employee shall be entitled to 

  
 Page 5 of 18 

 
additional vesting of the Initial Equity Awards outlined in Section 3(f)(i) herein to bring the Change of Control Benefits to an amount equal to $7,000,000. In the event of a Change of Control
where the acquiring entity fails to assume this Agreement in its entirety, such failure shall constitute a material breach of this Agreement. 

(e) No Continued Benefits Following Termination. Unless otherwise specifically provided in this Agreement or contemplated in another
agreement between the Employee and the Employer, otherwise required by law, all compensation, equity plans, and benefits payable to the Employee under this Agreement shall terminate on the date of termination of the Employee’s employment with
the Employer under the terms of this Agreement. 
 (f) Resignation from Directorships, Officerships and Fiduciary Titles. The
termination of the Employee’s employment for any reason shall constitute the Employee’s immediate resignation from (i) any officer or employee position the Employee has with the Company, unless mutually agreed upon by the Employee and
the Board; (ii) any position on the Board; and (iii) all fiduciary positions (including as a trustee) the Employee holds with respect to any employee benefit plans or trusts established by the Company. The Employee agrees that this
Agreement shall serve as written notice of resignation in this circumstance. 
 5. Termination of Employment by the Employee for Good
Reason, or by the Employer Without Cause. Notwithstanding anything herein to the contrary, the Employee’s employment with the Employer may be terminated by the Employer without Cause or by the Employee for Good Reason. In the event the
Employee’s employment is terminated by the Employer without Cause or by the Employee for Good Reason, the Employee shall be entitled to receive the following: (A) the Accrued Rights and (B) an amount equal to the Base Salary and the
Annual Target Bonus that would otherwise have been due to the Employee through the expiration of the current Employment Period or the current Renewal Period, as applicable on the termination date (the “Severance Payment”).
The Severance Payment shall be paid in a lump sum cash payment on the regularly scheduled payment date that immediately follows the 30th day from the above termination of employment. 

(a) For purposes of this Agreement, the term “Cause” shall mean a termination by the Employer of the Employee’s
employment because of: (i) any act or omission that constitutes an intentional and material breach by the Employee of any of his obligations under this Agreement; (ii) the Employee’s conviction of, or plea of nolo contendere to,
(A) any felony or (B) another crime involving dishonesty or moral turpitude or which could reflect negatively upon the Employer or otherwise impair or impede its operations; (iii) the Employee willfully engaging in any misconduct,
negligence, act of dishonesty, violence or threat of violence (including any violation of federal securities laws) that is materially injurious to the Employer or any of its subsidiaries or affiliates; (iv) the Employee’s intentional and
material breach of a known written policy of the Employer or the rules of any governmental or regulatory body applicable to the Employer that is or could be materially injurious to the Employer; (v) the Employee’s repeated refusal to
follow the lawful directions of the Board; or (vi) any other willful misconduct by the Employee which is materially injurious to the financial condition, operations or business reputation of the Employer or any of its subsidiaries or
affiliates. Notwithstanding anything in this Section 5(a) to the contrary, no event or condition described in Sections 5(a)(i), (iii), (iv), (v) or (vi) shall constitute Cause unless (x) within 90 days from the Board first acquiring actual
knowledge of the existence of the Cause condition, the 

  
 Page 6 of 18 

 
Board provides the Employee written notice of its intention to terminate his employment for Cause and the grounds for such termination; (y) such grounds for termination (if susceptible to
correction) are not corrected by the Employee within 30 days of his receipt of such notice (or, in the event that such grounds cannot be corrected within such 30-day period, the Employee has not taken all
reasonable steps within such 30-day period to correct such grounds as promptly as practicable thereafter); and (z) the Board terminates the Employee’s employment with the Employer immediately
following expiration of such 30-day period. For purposes of this Section 5(a), any attempt by the Employee to correct a stated Cause shall not be deemed an admission by the Employee that the Board’s
assertion of Cause is valid. Notwithstanding the foregoing to the contrary, if the Employee’s employment with the Employer is terminated by the Employer without Cause, and after-acquired evidence is discovered that would have otherwise
supported a Cause termination if known to the Employer at the time of the such termination of employment, the Board has the unilateral right to retroactively re-characterize the Employee’s termination of
employment as a termination for Cause. Any such re-characterization shall not be subject to the foregoing notice provisions. 

(b) For purposes of this Agreement, the term “Good Reason” shall mean (i) a material diminution in the
Employee’s Base Salary; (ii) a material diminution in the nature or scope of the Employee’s authority, duties, responsibilities, or title from those applicable to him as of the Commencement Date; (iii) the Employer requiring the
Employee to be based at any office or location more than 50 miles from the Employee’s principal place of employment as of the Commencement Date (which the parties hereto stipulate and agree shall be Oklahoma City, Oklahoma); or (iv) a
material breach by the Employer of any term or provision of this Agreement. Notwithstanding anything in this Section 5(b) to the contrary, no event or condition described in this Section shall constitute Good Reason unless, (x) within
90 days from the Employee first acquiring actual knowledge of the existence of the Good Reason condition described in this Section, the Employee provides the Board written notice of his intention to terminate his employment for Good Reason and the
grounds for such termination; (y) such grounds for termination (if susceptible to correction) are not corrected by the Board within 30 days of the Board’s receipt of such notice (or, in the event that such grounds cannot be corrected
within such 30-day period, the Board has not taken all reasonable steps within such 30-day period to correct such grounds as promptly as practicable thereafter); and
(z) the Employee terminates his employment with the Employer immediately following expiration of such 30-day period. For purposes of this Section 5(b), any attempt by the Board to correct a stated Good
Reason shall not be deemed an admission by the Board that the Employee’s assertion of Good Reason is valid. 
 (c) Waiver and
Release. Notwithstanding any other provisions of this Agreement to the contrary, unless expressly waived in writing by the Board in its sole discretion, the Company shall not make or provide any payments or benefits under either Section 4
or 5 (other than the Accrued Rights), unless the Employee timely executes and delivers to the Company a general release (which shall be provided by the Company not later than five (5) days from the date on which the Employee’s employment
is terminated and be substantially in the form attached hereto as Exhibit B), whereby the Employee (or his estate or legally appointed personal representative) releases the Company (and affiliates of the Company and other designated
persons) from all employment based or related claims of the Employee and all obligations of the Company to the Employee other than with respect to (x) the Company’s obligations to make and provide the payments or benefits under either
Section 4 or 5 and (y) any vested benefits to which the Employee is entitled under the terms of 

  
 Page 7 of 18 

 
any Company benefit or equity plan, and the Employee does not revoke such release within any applicable revocation period following the Employee’s delivery of the executed release to the
Company. If the requirements of this Section 5(c) are not satisfied by the Employee (or his estate or legally appointed personal representative), then no payments or benefits under either Section 4 or 5 (other than the Accrued Rights) shall be
due to the Employee (or his estate) pursuant to this Agreement. 
 6. Employer/Employee Covenants. 

(a) Confidential Information. As used in this Agreement, the term “Confidential Information” means information
of any kind, nature, or description, that (i) relates to the Employer’s business or the business of the Employer, (ii) provides the Employer economic value or any business advantage, (iii) is not generally known to the public,
and (iv) is learned or developed by the Employee as a direct or indirect result of or during the course of the Employee’s employment with the Employer. Additionally, Confidential Information includes, but is not limited to: (i) the
Employer’s, or its parents’ or affiliates’, trade secrets and inventions; (ii) all information concerning operational matters involving the business of the Employer and its parents and affiliates, including but not limited to the
existing and contemplated properties, technical analyses, geologic surveys, pricing information, formulations, know-how, negative know-how, product design, vendors,
customers, and distributors; (iii) all information concerning the business and affairs of the Employer and its parents and affiliates, including but not limited to historical financial statements, financial projections and budgets, historical
and projected sales, capital spending budgets and plans, the names and backgrounds of key personnel (other than Employee), and personnel training techniques and materials; and (iv) all notes, analyses, compilations, studies, summaries and other
material prepared by the Employer or its representatives to the extent containing or based, in whole or in part, upon any information included in subsections (i), (ii), or (iii) above. The Employee understands that this list is not exhaustive,
and that Confidential Information also includes other information that is marked or otherwise identified, that is treated as confidential or proprietary, or that would otherwise appear to a reasonable person to be confidential or proprietary in the
context and circumstances in which the information is known or used. For the purposes of this Agreement, Confidential Information specifically excludes information, training, contacts, product knowledge, customer lists, vendor and supplier
information, and resources obtained by Employee prior to his employment with Employer and that Employee provides written notice thereof to Employer within 30 days of Employee’s execution of this Agreement. In addition, Confidential Information
shall not include information that is generally available to, and known by, the public at the time of disclosure to the Employee, provided that such disclosure is through no direct or indirect fault of the Employee or person(s) acting on the
Employee’s behalf. 
 (b) Employer Covenants. As a result of the relationship created or continued as a result of this
Agreement, upon the execution of this Agreement by both parties, the Employer will place the Employee in a position of special trust, and will provide the Employee with: (i) Confidential Information and access to such information;
(ii) specialized training, which may include self-study materials and course work, classroom training, on-line training,
on-the-job training, and instruction as to the Employer’s products, services, and methods of operations; and (iii) goodwill support such as expense
reimbursements in accordance with the Employer’s policies, Confidential Information related to the Employer’s current and prospective clients, customers, business associates, vendors, and suppliers, and contact and relationships with
current and potential 

  
 Page 8 of 18 

 
clients, customers, and business associates to help the Employee develop goodwill for the Employer. The foregoing is not contingent on continued employment of the Employee for any length of time,
but is contingent on the Employee’s full compliance with the restrictions in this Section 6. 
 (c) Employee Covenants. The
Employee specifically acknowledges that the items described in Section 6(a) above will be items that the Employee has not previously been given, and that the Employee would not be given but for the execution of this Agreement. Accordingly, in
consideration of the receipt of items described in Section 6(a) and compensation, with each element being acknowledged as adequate, the Employee hereby enters, and agrees to the following: 

i. Non-Disclosure of Confidential Information. The Employee understands and
acknowledges that the Employer has invested, and continues to invest, substantial time, money, and specialized knowledge into developing its resources, creating a vendor base, training its employees, and improving its offerings in the field of oil
and natural gas exploration and development. The Employee understands and acknowledges that as a result of these efforts, Employer has created, and continues to use and create Confidential Information. This Confidential Information provides Employer
with a competitive advantage over others in the marketplace. The Employee agrees not to, directly or indirectly, participate in the unauthorized use, disclosure, or conversion of any Confidential Information. Specifically, but without limitation,
the Employee agrees not to use Confidential Information for his sole benefit, or for the benefit of any person or entity in any way that harms the Employer or diminishes the value of the Confidential Information to the Employer. The Employee also
agrees to use the specialized training, goodwill, and contacts developed with the Employer’s customers and contractors for the exclusive benefit of the Employer, and he agrees not to use these items at any time in a way that would harm the
business interests of the Employer. However, nothing in this Agreement prohibits the Employee from reporting possible violations of federal law or regulation to any government agency or entity, making other disclosures that are protected under
whistleblower provisions of law, or receiving an award or monetary recovery pursuant to the Securities and Exchange Commission’s whistleblower program. The Employee does not need prior authorization to make such reports or disclosures and is
not required to notify the Employer or the Board if the Employee has made or will make any such report or disclosure. 
 ii.
Non-Competition by Employee. The Employee agrees that during his employment and for a period of 12 months following the termination of his employment with the Employer for any reason, Employee shall not
(on behalf of himself or any other person or entity) acquire, attempt to acquire, or aid another in the acquisition or attempted acquisition of an interest in oil and gas assets, oil and gas production, oil and gas leases, mineral interests, oil and
gas wells, or other such oil and gas exploration, development, or production activities in any county in which the Company is doing business or has plans (within the next 12 months) to do business on the date of the Employee’s termination for
any reason. Employee agrees that this restriction is necessary to protect the Employer’s Confidential Information, as any violation of the above provision would lead to the inevitable disclosure of Employer’s Confidential Information. 

  
 Page 9 of 18 

 iii. Non-Solicitation of Employees and
Vendors. The Employee understands and acknowledges that the Employer has expended and continues to expend significant time and expense in recruiting and training its employees and that the loss of employees would cause significant and
irreparable harm to the Employer. Similarly, the Employee understands and acknowledges that the Employer has expended and continues to expend significant time and expense in identifying and building relationships with its vendors, contractors, and
other service providers and that the loss of those relationships would cause significant and irreparable harm to the Employer. The Employee agrees and covenants, during the term of the Employee’s employment and for two years after the
employment relationship ends for any reason or no reason, not to directly or indirectly, actively or inactively, (i) solicit, recruit, induce or attempt to solicit, recruit, induce the termination of employment of any employee of the Employer
or (ii) induce the termination of any relationship of any vendor, contractor, or service provider of Employer. Such covenant shall apply regardless of whether Employee’s employment is terminated at the option of the Employee or the
Employer. 
 iv. Reasonableness. The Employee acknowledges that nothing in this Section 6(c) is intended to prohibit
the Employee’s ability to find gainful employment in the same business or industry after the termination of his employment relationship with the Employer. 

(d) Goodwill with Customers. The Employee acknowledges that the Employer has near permanent relationships with its customers and owns
the goodwill in the Employee’s relationships with customers that the Employee will or has developed or maintained in the course and scope of the Employee’s employment with the Employer. If the Employee owned goodwill in a relationship with
a customer when the Employee commenced employment with the Employer, the Employee assigns any and all such goodwill to the Employer, and the Employer shall become the owner of such goodwill. 

(e) Employer’s Property. All documents and things, including but not limited to Confidential Information, provided to the Employee
by the Employer for use in connection with the Employee’s employment, or created by the Employee in the course and scope of the Employee’s employment with the Employer, are the sole property of the Employer and shall be held by the
Employee as a fiduciary on behalf of the Employer. Immediately upon termination of the Employee’s employment—without the requirement of a prior demand by the Employer—the Employee shall surrender to the Employer all such documents and
things, including but not limited to all Confidential Information or other company property, together with all copies, recordings, abstracts, notes, reproductions, or electronic versions of any kind made from or about the documents and things and
the information they contain. 
 (f) Duty of Loyalty. The Employee understands that by virtue of employment with the Employer, the
Employee owes the Employer a duty of loyalty and agrees to treat all Confidential Information, training, relationships with customers, goodwill, and property entrusted to the Employee as a fiduciary. Further, the Employee shall disclose to the
Employer all business opportunities relating to the business of the Employer and its subsidiaries, and Employee shall not appropriate for Employee’s own benefit any such business opportunities. The Employee agrees to

  
 Page 10 of 18 

 
use such training and to maintain and protect such Confidential Information, customer relationships, goodwill, and property solely for the Employer’s benefit. The Employee further agrees
that nothing in this Agreement shall limit, in any way, the fiduciary duties that the Employee owes to the Employer under any applicable law, apart from this Agreement. 

(g) Notice of Immunity Under the Economic Espionage Act of 1996, as amended by the Defend Trade Secrets Act of 2016
(“DTSA”). The Employee will not be held criminally or civilly liable under any federal or state law for any disclosure of a trade secret that: (i) is made in confidence to a federal, state, or local
government official, either directly or indirectly, or to an attorney and solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is made in a complaint or other document that is filed under seal in a lawsuit
or other proceeding. If the Employee files a lawsuit for retaliation by the Employer for reporting a suspected violation of law, the Employee may disclose the Employer’s trade secrets to his attorney and use the trade secret information in the
court proceeding if the Employee files any document containing the trade secret under seal and does not disclose the trade secret, except pursuant to court order. 

7. Remedies. In the event of breach or threatened breach by the Employee of any provision of Section 6 of this Agreement,
the Employer shall be entitled to (i) injunctive relief by temporary restraining order, temporary or preliminary injunction, or permanent injunction, (ii) recovery of all attorneys’ fees and costs incurred by the Employer in obtaining
such relief or as a result of the Employee’s breach or threatened breach, and (iii) any other legal and equitable relief to which the Employer may be entitled, including without limitation any and all monetary damages which the Employer
may incur as a result of said breach or threatened breach. An agreed amount for the bond to be posted if an injunction is sought by the Employer is $500. The Employer may pursue any remedy available, without limitation, concurrently or consecutively
in any order as to any breach, violation, or threatened breach or violation, and the pursuit of one such remedy at any time will not be deemed an election of remedies or waiver of the right to pursue any other remedy. 

8. Survival. This Agreement shall terminate upon the termination of employment of the Employee; however, the following shall
survive the termination of the Employee’s employment and/or the expiration or termination of this Agreement, regardless of the reasons for such expiration or termination: Section 3 (“Compensation and Benefits”) and its
corresponding Exhibit A, Section 4 (“Termination of Employment Upon the Employee’s Death or Disability, or by the Employer for Cause, or by the Employee without Good Reason”), Section 5
(“Termination of Employment by the Employee for Good Reason, or by the Employer without Cause”) and its corresponding Exhibit B, Section 6 (“Employer/Employee Covenants”), Section 7
(“Remedies”), Section 12 (“Entire Agreement”), Section 14 (“Early Resolution Conference and Invalid Provisions”), Section 15 (“Binding Arbitration”), and
Section 18 (“Venue; Process; Prevailing Party”) 
 9. Compliance with Other Agreements. The Employee
represents and warrants that the execution of this Agreement by him and his performance of the obligations hereunder will not conflict with, result in the breach of any provision of or the termination of, or constitute a default under any agreement
to which the Employee is a party or by which the Employee is or may be bound. 
 10. Waiver of Breach. The waiver of a breach
of any of the provisions of this Agreement by the Parties shall not be construed as a waiver of any subsequent breach by the breaching party. 

  
 Page 11 of 18 

 11. Possible Conversion of the Company Before IPO. The Parties acknowledge and
agree that the Company is contemplating the possibility of an IPO. In connection with the IPO, the Company may be converted into a corporation or the owners of the Company may exchange their equity interests in the Company for common stock of a
holding company that would become the owner of 100% of the Company’s issued and outstanding member interests. Regardless of the form of the restructuring or recapitalization to be undertaken prior to such IPO, the owners of the Company’s
member interests would exchange their member interests for shares of common stock of the successor company, with the exchange ratio to be determined at such time. Employee acknowledges and agrees that in connection with such reorganization or
recapitalization, the member interests and options granted to the Employee under this Agreement would also be converted into common stock or options to acquire common stock, as applicable, and all references to the Employer or the Company hereunder
shall concurrently with the consummation of such restructuring or recapitalization constitute references to the successor to the Company whose common stock is issued in the IPO 

12. Binding Effect; Assignment. The rights and obligations of the Employer under this Agreement shall inure to the benefit of
and shall be binding upon the successors and assigns of the Employer. This Agreement is a personal employment contract and the rights, obligations, and interests of the Employee hereunder may not be sold, assigned, delegated, transferred, pledged,
or hypothecated. 
 13. Entire Agreement. This Agreement along with any addendums and exhibits hereto, supersedes all prior
agreements and understandings, oral or written, if any, between the Employer and the Employee with respect to the terms and conditions of the Employee’s employment with the Employer. No supplement, modification, amendment, or waiver of any of
the terms, conditions, or provisions in this Agreement can be made unless in writing and signed by both the Employer and the Employee. 

14. Construction and Interpretation. 

(a) This Agreement shall be construed pursuant to and governed by the laws of the State of Oklahoma (but any provision of Oklahoma law shall
not apply if the application of such provision would result in the application of the law of a state or jurisdiction other than Oklahoma). 

(b) The headings of the various sections in this Agreement are inserted for convenience of the parties and shall not affect the meaning,
construction, or interpretation of this Agreement. 
 15. Early Resolution Conference and Invalid Provisions. 

(a) This Agreement is understood to be clear and enforceable as written and is executed by the Parties on that basis. However, should the
Employee later challenge any provision as unclear, unenforceable, or inapplicable as to any restricted activity in which Employee intends to engage, Employee will first notify the Employer in writing and meet with a representative of the Employer
and a neutral mediator (if the Employer elects to retain one at its expense) to discuss resolution of any disputes between the Parties. Employee will provide this notification at least 14 days before Employee engages in any activity that could
foreseeably fall within any restriction set 

  
 Page 12 of 18 

 
forth herein. The failure to comply with this requirement shall waive the Employee’s right to challenge the reasonable scope, clarity, applicability, or enforceability of this Agreement and
its restrictions at a later time. All rights of the Parties will be preserved if the early resolution conference requirement is complied with even if no agreement is reached at the conference. 

(b) If any provision of this Agreement is held to be illegal, invalid, or unenforceable, such provision shall be fully severable; this
Agreement shall be construed and enforced without such illegal, invalid, or unenforceable provision, and the remaining provisions in this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid, or
unenforceable provision or by its severance. Further, if any of the restrictions in Section 6 are deemed unenforceable as written, the parties expressly authorize the court or arbitrator to revise, delete, or add to those restrictions to the
extent necessary to enforce the intent of the parties and to provide effective protection for Employer’s goodwill, specialized training, Confidential Information, and other business interests. 

16. Binding Arbitration. Aside from the early resolution conference outlined in Section 15 of this Agreement, the Parties
agree that any dispute, controversy, or claim that concerns, arises out of, or relates in any way to this Agreement, or to any alleged breach of any term of this Agreement, shall be conclusively and promptly resolved through a binding arbitration
proceeding conducted in confidence and in accordance with the American Arbitration Association’s (“AAA”) Employment Arbitration Rules. Nothing contained herein precludes any party from seeking injunctive relief from a
state or federal court for the sole purpose of enforcing the terms of this Agreement or any of the specific duties, obligations, or rights created by this Agreement. 

Unless the Parties agree in writing to a different site, the arbitration hearing shall be held in New York, New York, and any final judgment
upon the award may be entered by any court with jurisdiction in New York. The costs of the arbitration and all reasonable and necessary legal fees that are as a result of the claims or defenses asserted in the arbitration shall be awarded to
the prevailing party. The prevailing party is either the party who is awarded legal or equitable relief on its claims by the arbitrator OR is a party who successfully defends against and defeats claims that were asserted against it in the
arbitration proceeding. 

  
 Page 13 of 18 

 17. Notice. All notices which are required or may be given under this Agreement
shall be in writing and shall be deemed to have been duly given: When received if personally delivered; when transmitted if transmitted by telecopy or similar electronic transmission method; one business day after it is sent, if sent by recognized
expedited delivery service; and five days after it is sent, if mailed, first class mail, certified mail, return receipt requested, with postage prepaid. In each case notice shall be sent to: 

 

			
		 	The Employer:
		 	c/o Mike O’Leary and Anthony Eppert
		 	Andrews Kurth Kenyon LLP
		 	600 Travis, Suite 4200
		 	Houston, Texas 77002
		
		 	The Employee:
		 	Steven C. Dixon
		 	100 East Main Street
		 	Oklahoma City, OK 73104

 18. Section 409A of the Code. This Agreement is intended to either avoid the application of, or
comply with, Section 409A of the Code. To that end, this Agreement shall at all times be interpreted in a manner that is consistent with Section 409A of the Code. Further: 

(a) Any reimbursement of any costs and expenses by the Employer to the Employee under this Agreement shall be made by the Employer in no event
later than the close of the Employee’s taxable year following the taxable year in which the cost or expense is incurred by the Employee. The expenses incurred by the Employee in any calendar year that are eligible for reimbursement under this
Agreement shall not affect the expenses incurred by the Employee in any other calendar year that are eligible for reimbursement hereunder, and the Employee’s right to receive any reimbursement hereunder shall not be subject to liquidation or
exchange for any other benefit. 
 (b) A termination of employment shall not be deemed to have occurred for purposes of any provision of
this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination is also a “separation from service” within the meaning of Section 409A of the Code and, for purposes
of any such provision of this Agreement, references to a “termination,” “termination of employment,” or like terms shall mean “separation from service.” Any payment following a separation from service that would be
subject to Section 409A(a)(2)(A)(i) of the Code as a distribution following a separation from service of a “specified employee” (as defined under Section 409A(a)(2)(B)(i) of the Code) shall be made on the first to occur of (1) ten
days after the expiration of the six-month period following such separation from service, (2) death, or (3) such earlier date that complies with Section 409A of the Code. Upon the expiration of the
foregoing delay period, all payments and benefits delayed pursuant to this Section 18 (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to the Employee
in a lump sum, and any remaining payments and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein. 

(c) Each payment that the Employee may receive under this Agreement shall be treated as a “separate payment” for purposes of Section
409A of the Code. 
 19. Venue; Process; Prevailing Party. The parties to this Agreement agree that jurisdiction and venue in
any action brought pursuant to this Agreement to enforce its terms or otherwise with respect to the relationships between the parties shall properly and exclusively lie in New York, New York. Such jurisdiction and venue are intended to be exclusive
of any other 

  
 Page 14 of 18 

 
jurisdiction or venue. The parties agree that they will not object that any action commenced in the foregoing jurisdiction is commenced in a forum non conveniens. If any dispute between the
parties as to their respective rights and entitlements under Section 6 result in claims being brought, the prevailing party shall be entitled to recover from the non-prevailing party, in addition to any
other relief awarded, the costs and expenses incurred in connection with such suit or arbitration, including reasonable and necessary attorneys’ fees. If there is no prevailing party, each party will pay its own attorneys’ fees, costs, and
expenses. 
 20. Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same
effect as if the signatures thereto and hereto were upon the same instrument. 
 21. Section 280G
Gross-Up Payments. 
 (a) If, during the term of the Employee’s employment, there is a
change in ownership or control of the Company that causes any payment or distribution by the Company to or for the benefit of the Employee (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise,
but determined without regard to any additional payments required under this Section (such being a “Payment”)) to be subject to the excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended
(the “Code”) (such excise tax, together with any interest or penalties incurred by the Employee with respect to such excise tax, being the “Excise Tax”), then the Employee shall be entitled to receive
an additional payment (a “Gross-Up Payment”) in an amount such that after payment by the Employee of all taxes (including any interest or penalties
imposed with respect to such taxes), including any income taxes (and any interest and penalties imposed with respect thereto) and Excise Tax imposed upon the Gross-Up Payment, the Employee will retain an
amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Payments. The Gross-Up Payment shall be paid to the Employee no later than the end of the taxable
year next following the taxable year in which the Employee remits the taxes related to the Gross-Up Payment. 

(b) Determination of the Gross-Up Payment. Subject to the provisions of
Section 21(c), all determinations required to be made under this Section 21(b), including whether and when a Gross-Up Payment is required and the amount of such
Gross-Up Payment and the assumptions to be utilized in arriving at such determination, shall be made by a certified public accounting firm or nationally recognized law firm designated by the Company and
reasonably acceptable to the Employee (the “Authorized Firm”), which shall provide detailed supporting calculations both to the Company and the Employee within fifteen (15) business days of the receipt of
notice from the Employee that there has been a Payment with respect to which the Employee in good faith believes a Gross-Up Payment may be due under this Section 21(b), or such earlier time as is
requested by the Company. All fees and expenses of the Authorized Firm shall be borne solely by the Company. Any Gross-Up Payment, as determined pursuant to this Section 21(b), shall be paid by the
Company to the Employee within five (5) days of the later of (i) the due date for the payment of any Excise Tax and (ii) the receipt of the Authorized Firm’s determination. Any determination by the Authorized Firm shall be
binding upon the Company and the Employee. As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Authorized Firm hereunder, it is possible that Gross-Up Payments that will not have been made by the Company should have been made (“Underpayment”), consistent with the calculations 

  
 Page 15 of 18 

 
required to be made hereunder. In the event that the Company exhausts its remedies pursuant to Section 21(c) and the Employee thereafter is required to make a payment of any Excise Tax, the
Authorized Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to the Employee or for the Employee’s benefit. The previous sentence shall apply equally to any
overpayment of a Gross-Up Payment. 
 (c) Procedures. The Employee shall notify the Company
in writing of any claim by the Internal Revenue Service that, if successful, would require the payment by the Company of the Gross-Up Payment. Such notification shall be given as soon as practicable but no
later than ten (10) business days after the Employee is informed in writing of such claim and shall apprise the Company of the nature of such claim and the date on which such claim is requested to be paid. The Employee shall not pay such
claim prior to the expiration of the thirty-day (30) period following the date on which it gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with
respect to such claim is due). If the Company notifies the Employee in writing prior to the expiration of such period that it desires to contest such claim, the Employee shall: 

(i) give the Company any information reasonably requested by the Company relating to such claim; 

(ii) take such action in connection with contesting such claim as the Company shall reasonably request in writing from time to
time, including, without limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company; 

(iii) cooperate with the Company in good faith in order effectively to contest such claim; and 

(iv) permit the Company to participate in any proceedings relating to such claim; 

provided, however, that the Company shall bear and pay directly all costs and expenses (including additional interest and
penalties) incurred in connection with such contest and shall indemnify and hold the Employee harmless, on an after-tax basis, for any Excise Tax or income tax (including interest and penalties with respect
thereto) imposed as a result of such representation and payment of costs and expenses. Without limiting the foregoing provisions of this Section 21(c), the Company shall control all proceedings taken in connection with such contest and, at its
sole option, may pursue or forgo any and all administrative appeals, proceedings, hearings and conferences with the taxing authority in respect of such claim and may, at its sole option, either direct the Employee to pay the tax claimed and sue for
a refund or contest the claim in any permissible manner, and the Employee agrees to prosecute such contest to a determination before any administrative tribunal, in a court of initial jurisdiction and in one or more appellate courts, as the Company
shall determine; provided, however, that if the Company directs the Employee to pay such claim and sue for a refund, to the extent permitted by law, the Company shall advance the amount of such payment to the Employee on an
interest-free basis (which shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid) and shall indemnify and hold the Employee harmless, on an

  
 Page 16 of 18 

 
after-tax basis, from any Excise Tax or income tax (including interest or penalties with respect thereto) imposed with respect to such advance or with
respect to any imputed income with respect to such advance; and provided further that any extension of the statute of limitations relating to payment of taxes for the Employee’s taxable year with respect to which such contested
amount is claimed to be due is limited solely to such contested amount. Furthermore, the Company’s control of the contest shall be limited to issues with respect to which a Gross-Up Payment would be
payable hereunder and the Employee shall be entitled to settle or contest, as the case may be, any other issue raised by the Internal Revenue Service or any other taxing authority. 

(d) Refund. If, after the receipt by the Employee of an amount advanced by the Company pursuant to Section 21(c), the Employee
becomes entitled to receive any refund with respect to such claim, the Employee shall (subject to the Company complying with the requirements of Section 21(c)) promptly pay to the Company the amount of such refund (together with any interest
paid or credited thereon after taxes applicable thereto). If, after the Employee receives an amount advanced by the Company pursuant to Section 21(c), a determination is made that the Employee shall not be entitled to any refund with respect to
such claim and the Company does not notify the Employee in writing of its intent to contest such denial of refund prior to the expiration of thirty (30) days after such determination, then such advance shall be forgiven and shall not be
required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid. 

[SIGNATURES ON NEXT PAGE] 

  
 Page 17 of 18 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year first above
written. 
  

									
	TAPSTONE ENERGY, LLC	 		 	EMPLOYEE
	The “Company”	 		 		 	
				
	By:	 	 /s/ David M. Edwards
	 		 	 /s/ Steven C. Dixon

	Name:	 	David M. Edwards	 		 	Steven C. Dixon
	Title:	 	Senior Vice President and
Chief Financial Officer	 		 	  
 Dated:
	 	  
 April 12, 2017

					
	Dated:	 	 April 12, 2017
	 		 		 	

  
 Page 18 of 18 

 EXHIBIT A 

TAPSTONE ENERGY INC. 

INDEMNIFICATION AGREEMENT 

[TO BE ATTACHED] 

  
 Page 1 of 1 

 EXHIBIT B 

TAPSTONE ENERGY INC. 

WAIVER AND RELEASE 
 This
Waiver and Release (this “Agreement”) is made and entered into by and between Tapstone Energy Inc., a Delaware corporation (the “Company”) and Steven C. Dixon (“Employee”), each
referred to collectively as the “Parties,” and individually as “Party.” 

WHEREAS, the Company and Employee are parties to that certain Amended and Restated Employment Agreement dated April 12, 2017 (the
“Employment Agreement”); 
 WHEREAS, pursuant to the Employment Agreement, in consideration of the right to
receive the Severance Benefits (as defined in the Employment Agreement), Employee must sign, return and not revoke this Agreement; 

WHEREAS, the Company has executed and delivered this Agreement to Employee for his review and consideration as of
                     the (“Delivery Date”); and 

WHEREAS, Employee and the Company each desire to settle all matters related to Employee’s employment by the Company. 

NOW THEREFORE, in consideration of the foregoing and the mutual covenants and agreements contained in the Employment Agreement and in
this Agreement, and for other good and valuable consideration, the sufficiency and receipt of which is hereby acknowledged, the Parties agree as follows: 

1. Release of Company. In consideration for the right to receive the Severance Benefits in accordance with the terms of the Employment
Agreement and the mutual promises contained in the Employment Agreement and in this Agreement, Employee (on behalf of himself/herself, his/her heirs, administrators, representatives, executors, successors and assigns) hereby releases, waives,
acquits and forever discharges the Company, its predecessors, successors, parents, subsidiaries, assigns, agents, current and former directors, officers, employees, partners, representatives, and attorneys, affiliated companies, and all persons
acting by, through, under or in concert with the Company (collectively, the “Released Parties”), from any and all demands, rights, disputes, debts, liabilities, obligations, liens, promises, acts, agreements, charges,
complaints, claims, controversies, and causes of action of any nature whatsoever, whether statutory, civil, or administrative, that Employee now has or may have against any of the Released Parties, arising in whole or in part at any time on or prior
to the execution of this Release, in connection with his or her employment by the Company or the termination thereof. 
 This release
specifically includes, but is not limited to, any claims of discrimination of any kind, breach of contract or any implied covenant of good faith and fair dealing, tortuous interference with a contract, intentional or negligent infliction of
emotional distress, breach of privacy, misrepresentation, defamation, wrongful termination, or breach of fiduciary duty; provided, however, that the foregoing release shall not release the Company from the performance of its obligations under this
Agreement. 

  
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 Additionally, this release specifically includes, but is not limited to, any claim or cause of
action arising under Title VII of the Civil Rights Act of 1964, 42 U.S.C.A. §§ 2000 et seq., as amended by the Civil Rights Act of 1991; the Americans With Disabilities Act, 42 U.S.C. §§ 12101 et seq.; 42 U.S.C.
§§ 1981; the Civil Rights Act of 1991, as amended; the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. §§ 621 et seq.; the Older Workers Benefit Protection Act of 1990; the Employment Retirement
Income Security Act of 1974, 29 U.S.C. §§ 1001 et seq.; the Family and Medical Leave Act; the Fair Labor Standards Act; the Oklahoma Anti-Discrimination Act, Okla. Stat. tit. 25, §§ 1101 et seq.; the Oklahoma Minimum Wage
Act, Okla. Stat. tit. 40, §§ 197.1 et seq.; the Oklahoma Standards for Workplace Drug and Alcohol Testing Act, Okla. Stat. tit. 40, §§ 551 et seq.; Oklahoma Administrative Workers’ Compensation Act (discrimination and/or
retaliation claims), Okla. Stat. tit. 85A, § 7; or any other federal, state or local statute or common law cause of action of similar effect regarding employment related causes of action of employees against their employer. 

2. Waiver of Certain Claims, Rights or Benefits. Without in any way limiting the generality of Section 1 above, by executing this
Agreement and accepting the Severance Benefits, Employee specifically agrees to release all claims, rights, or benefits he or she may have for age discrimination arising out of or under the age Discrimination in Employment Act of 1967, 29 U.S.C.
§ 621, et seq., as currently amended, or any equivalent or comparable provision of state or local law. 
 3. Acknowledgements
of Employee. 
 (a) Employee represents and acknowledges that in executing this Agreement, Employee does not rely and has
not relied upon any representation or statement made by the Company, or its agents, representatives, or attorneys with regarding to the subject matter, basis or effect of this Agreement or otherwise, and that Employee has engaged, and been
represented by, an attorney of Employee’s choosing in the negotiation and execution of this Agreement. Employee acknowledges that Employee has been advised by the Company to consult with counsel of Employee’s choosing with regard to the
negotiation and execution of this Release, and has had an opportunity to do so. 
 (b) EMPLOYEE UNDERSTANDS THAT BY
SIGNING AND NOT REVOKING THIS RELEASE, EMPLOYEE IS WAIVING ANY AND ALL RIGHTS OR CLAIMS WHICH EMPLOYEE MAY HAVE UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT AND/OR THE OLDER WORKERS’ BENEFIT ACT FOR AGE DISCRIMINATION ARISING FROM EMPLOYMENT
WITH THE COMPANY, INCLUDING, WITHOUT LIMITATION, THE RIGHT TO SUE THE COMPANY IN FEDERAL OR STATE COURT FOR AGE DISCRIMINATION. EMPLOYEE FURTHER ACKNOWLEDGES THAT EMPLOYEE (i) DOES NOT WAIVE ANY CLAIMS OR RIGHTS THAT MAY ARISE
AFTER THE DATE THIS AGREEMENT IS EXECUTED; (ii) WAIVES CLAIMS OR RIGHTS ONLY IN EXCHANGE FOR CONSIDERATION IN ADDITION TO ANYTHING OF VALUE TO WHICH EMPLOYEE IS ALREADY ENTITLED; AND (iii) AGREES THAT THIS
AGREEMENT IS WRITTEN IN A MANNER CALCULATED TO BE UNDERSTOOD BY EMPLOYEE AND EMPLOYEE, IN FACT, UNDERSTANDS THE TERMS, CONTENTS, CONDITIONS AND EFFECTS OF THIS AGREEMENT AND HAS ENTERED INTO THIS AGREEMENT KNOWINGLY AND VOLUNTARILY. 

  
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 (c) Employee acknowledges that he has been fully compensated for all labor and
services performed for the Company and has been reimbursed for all business expenses incurred on behalf of the Company through the date of termination of employment, and that the Company does not owe Employee any expense reimbursement amounts, or
wages, including vacation pay or paid time-off benefits. 
 (d) Notwithstanding
anything contained in this Agreement to the contrary, this Agreement does not constitute a release nor a waiver of any of the following claims: (i) Employee’s right to file a charge or participate in an investigation or proceeding
conducted by the Equal Employment Opportunity Commission or any other governmental agency with jurisdiction to regulate employment conditions or regulations, provided further that Employee does release and relinquish any right to receive any money,
property, or any other thing of value, or any other financial benefit or award, as a result of any proceeding of any kind or character initiated by any such governmental agencies or organizations; (ii) claims pursuant to the terms and
conditions of the federal law known as COBRA or similar state law; (iii) claims for indemnity under any indemnification agreement with the Company or under its organizational documents, as provided by Oklahoma law or under any applicable
insurance policy with respect to Employee’s liability as an employee, director or officer of the Company or its affiliates; and (iv) claims Employee may have as an employee participating in the Company’s qualified retirement plan.

 4. Confidentiality. Employee agrees to keep this Agreement, its terms, and the amount of the Severance Benefits completely
confidential; provided, however, that he or she may reveal such information to his or her attorney, accountants, financial advisor, spouse, or as required by a court of competent jurisdiction, or as otherwise required by law. 

5. Time Period for Enforceability/Revocation of Agreement. The Company’s obligations under this Agreement are contingent upon
Employee executing and delivering this Agreement to the Company. Employee may take up to twenty-one (21) days from the Delivery Date (the “Consideration Period”) to consider
this Agreement prior to executing it. Employee may execute and deliver this Agreement at any time during the Consideration Period. Any changes made to this Agreement after the Delivery Date will not restart the running of the Consideration Period.
Any execution and delivery of this Agreement by Employee after the expiration of the Consideration Period shall be unenforceable, and the Company shall not be bound thereby. Employee shall have seven (7) days after execution of this Agreement
to revoke (“Revocation Period”) Employee’s consent to this Agreement by executing and delivering a written notice of revocation to the Company. No such revocation by Employee shall be effective unless it is in writing
and signed by Employee and received by the Company prior to the expiration of the Revocation Period. Upon delivery of a notice of revocation to the Company, the obligations of the Parties under this Agreement shall be void and unenforceable, with
the exception of Employee’s obligation to keep this Agreement confidential under Section 4 above. 

  
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 6. Effective Date. This Agreement shall become effective as of the date on which it is
executed by Employee, provided that it is also signed by the Company and provided that Employee does not timely revoke this Agreement in accordance with the provisions of Section 5. 

7. Governing Law, Jurisdiction & Venue. This Agreement, and any and all interactions between the Parties arising
under or resulting from this Agreement, is governed by and construed in accordance with the laws of the State of Oklahoma, exclusive of its choice of law principles. Each Party irrevocably consents to the personal jurisdiction of the state or
federal courts located in Oklahoma with regard to any dispute arising out of relating to this Agreement. All payments due hereunder and all obligations performable hereunder shall be payable and performable at the offices of the Company in Oklahoma.
Employee represents to the Company that Employee has not filed any charge or complaint, nor initiated any other proceedings, against the Company or any of its employees or agents, with any governmental entity or court. 

8. Injunctive Relief. Notwithstanding any other term of this Agreement, it is expressly agreed that a breach of this Agreement will
cause irreparable harm to the Company and that a remedy at law would be inadequate. Therefore, in addition to any and all remedies available at law, the Company will be entitled to injunctive and/or other equitable remedies in the event of any
threatened or actual violation of any of the provisions of this Agreement. 
 9. Entire Agreement. The Employment Agreement and this
Agreement is the entire agreement between the Parties pertaining to the matters encompassed within it, and supersedes any other agreement, written or oral, that may exist between them relating to the matters encompassed herein, except that this
Agreement does not in any way supersede or alter covenants not to compete, non-disclosure or non-solicitation agreements, or confidentiality agreements that may exist
between Employee and the Company. 
 10. Severability. If any provision of this Agreement is found to be illegal or unenforceable,
such finding shall not invalidate the remainder of this Agreement, and that provision shall be deemed to be severed or modified to the minimum extent necessary to equitably adjust the Parties’ respective rights and obligations under this
Agreement. 
 11. Execution. This Agreement may be executed in multiple counterparts, each of which will be deemed an original for
all purposes. Facsimile copies of signature to this Agreement are as valid as original signatures. 
 [SIGNATURES ON NEXT PAGE] 

  
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 EMPLOYEE’S SIGNATURE BELOW MEANS THAT EMPLOYEE HAS READ THIS AGREEMENT AND AGREES AND CONSENTS TO ALL THE
TERMS AND CONDITIONS CONTAINED HEREIN. 
  

									
	TAPSTONE ENERGY INC.	 		 	EMPLOYEE
	The “Company”	 		 		 	
					
	By:	 	  
	 		 	Signature:	 	  

					
	Its:	 	  
	 		 	Print Name:	 	 Steven C. Dixon

					
	Dated:	 	  
	 		 	Dated:	 	  

  
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