Document:

Partial Release by Obligee of Record, effective November 23, 2010

 Exhibit 4.17 
 PARTIAL RELEASE 
 BY OBLIGEE OF RECORD 

STATE OF TEXAS 

COUNTY OF HARRIS 
 BE IT KNOWN, that on this             day of November, 2010, but effective as of November 23, 2010, 

BEFORE ME, the undersigned Notary Public, duly commissioned and qualified in and for the County and State aforesaid, and
in the presence of the undersigned competent witnesses 
 PERSONALLY CAME AND APPEARED: 

W&T OFFSHORE, INC., a Texas corporation, with offices at Nine Greenway Plaza, Suite 300, Houston, Texas represented
herein by its undersigned duly authorized officer (“Appearer”), 
 who, after being first duly sworn, declared:

 Appearer is the obligee of record of that certain Mortgage, Deed of Trust, Collateral Assignment and Security
Agreement dated as of October 29, 2009 (the “Mortgage”) executed by Black Elk Energy Offshore Operations LLC (“BEEOO”), which Mortgage is recorded as set forth on Exhibit A hereto. 

The obligations secured by the Mortgage have not been paraphed for identification with the Mortgage. The obligations
secured by the Mortgage remain outstanding, but Appearer has agreed to grant a partial release of the Mortgage insofar but only insofar as the Mortgage encumbers or otherwise affects the property described on Exhibit B and
Exhibit C hereto (the “Released Property”). Now therefore, Appearer hereby releases the Mortgage insofar but only insofar as the Mortgage encumbers or otherwise affects the Released Property and no further. Further,
Appearer further assigns to BEEOO, without recourse or warranty, all of the Released Property. 
 The Clerk of
Court and Recorder of Mortgages in and for the Parishes of Louisiana and the Counties of Texas as set forth on Exhibit A are hereby requested, authorized and directed to partially cancel and erase from their records the inscription of
the Mortgage recorded as set forth in this act INSOFAR BUT ONLY INSOFAR AS THE MORTGAGE ENCUMBERS OR OTHERWISE AFFECTS THE RELEASED PROPERTY AND NO FURTHER. 

 THUS DONE AND SIGNED by Appearer in the presence of the undersigned Notary
Public and competent witnesses on the     day of November, 2010, but effective as of November 23, 2010. 
  

							
	 WITNESSES:
	  		  	 W&T OFFSHORE, INC.

				
		  		  	By:	 	/s/ Thomas F. Getten
		  		  		 	 
		  		  	 Name: Thomas F. Getten

		  		  	 Title: Vice President and General Counsel

	 	  		 	
	 Printed Name:
	  	 	  		 	
			
	 	  		 	
	 Printed Name:
	  	 	  		 	

  

	
	 
	NOTARY PUBLIC
	
	 Printed Name:

	
	 Notary I.D. No.:

	
	 Commission Expires:

 Exhibit A 

BLACK ELK/W&T RECORDING INFORMATION – Texas 

 

							
	 Date Filed
	  	 Document
	  	 County
	  	 Recording
 Information

	 11/3/2009
	  	Mortgage, Deed of Trust, Collateral Assignment, Security Agreement and Financing Statement by and between BEEOO and W&T	  	Brazoria	  	 Doc. No.

2009048952

				
	 11/3/2009
	  	Mortgage, Deed of Trust, Collateral Assignment, Security Agreement and Financing Statement by and between BEEOO and W&T	  	Chambers	  	 2009 49332
 BK OR

Vol. 1151,
 Pg. 606

				
	 11/3/2009
	  	Mortgage, Deed of Trust, Collateral Assignment, Security Agreement and Financing Statement by and between BEEOO and W&T	  	Galveston	  	 Doc No:

2009060704

				
	 11/3/2009
	  	Mortgage, Deed of Trust, Collateral Assignment, Security Agreement and Financing Statement by and between BEEOO and W&T	  	Jefferson	  	 Doc No.

2009041728

				
	 11/3/2009
	  	Mortgage, Deed of Trust, Collateral Assignment, Security Agreement and Financing Statement by and between BEEOO and W&T	  	Matagorda	  	Doc No. 096602
				
	 Mortgage filed at the MMS (BOEM) in the following lease files
	  	 OCS-G 23180
 OCS-G
14878
 OCS-G 26558
 OCS-G
2750
 OCS-G 2434
 OCS-G 2754

OCS-G 2757
 OCS-G 3241

OCS-G 14193
 OCS-G 02388

OCS-G 2391
 OCS-G 2393

OCS-G 26554
 OCS-G 2721

OCS-G 2722
	  		  	
				
	 Mortgage filed with the TX General Land Office
	  	 TX State Lease 69136
 TX State
Lease 69137
	  		  	

  
 A-i

 BLACK ELK/W&T RECORDING INFORMATION – Louisiana 

 

									
	 Date
	  	 Type document
	  	 Parish
	  	 Recording Information

	 11/3/2009
	  	Mortgage, Deed of Trust, Collateral Assignment, Security Agreement and Financing Statement between BEEOO and W&T	  	Cameron	  	File No: 317090	  	
					
	 11/3/2009
	  	Mortgage, Deed of Trust, Collateral Assignment, Security Agreement and Financing Statement from BEEOO to W&T	  	Iberia	  	File No: 2009-00012934	  	Book 1347 Page 691
					
	 11/4/2009
	  	Mortgage, Deed of Trust, Collateral Assignment and Security Agreement from BEEOO to W&T	  	Jefferson	  	Instrument No: 10947138	  	Book 4427 Folio 615
					
	 11/3/2009
	  	Mortgage, Deed of Trust, Collateral Assignment, Security Agreement and Financing Statement from BEEOO TO W&T	  	Lafourche	  	Instrument No: 1081122	  	Book 1406 Page 237
					
	 11/4/2009
	  	Mortgage, Deed of Trust, Collateral Assignment, Security Agreement and Financing Statement from BEEOO to W&T	  	Plaquemines	  	File No: 2009- 00004738	  	Book 1214 Page 205
					
	 11/3/2009
	  	Mortgage, Deed of Trust, Collateral Assignment, Security Agreement and Financing Statement from BEEOO to W&T	  	St. Bernard	  	File No: 537047	  	 Book 1577
 Page
289

					
	 11/3/2009
	  	Mortgage, Deed of Trust, Collateral Assignment, Security Agreement and Financing Statement from BEEOO to W&T	  	St. Mary	  	File No: 296820	  	Book 1222 Page 448
					
	 11/3/2009
	  	Mortgage, Deed of Trust, Collateral Assignment, Security Agreement and Financing Statement from BEEOO to W&T	  	Terrebonne	  	File No: 1334787	  	Book 2226 Page 723
					
	 11/3/2009
	  	Mortgage, Deed of Trust, Collateral Assignment, Security Agreement and Financing Statement between BEEOO and W&T	  	Vermilion	  	File No: 20911269	  	

  
 A-ii

									
	 Date
	  	 Type document
	  	 Parish
	  	 Recording Information

	Mortgage filed at the MMS (BOEM) in the following lease files	  	 OCS-G 15156
 OCS-G 15158
 OCS-G 0479

OCS-G 15241

OCS-G 3811
 OCS-G
15242
 OCS-G 0438
 OCS-G 18184
 OCS-G 18585

OCS-G 18586

OCS-G 18587

OCS-G 18584

OCS-G 16461

OCS-G 25033

OCS-G 18192

OCS-G 12886

OCS-G 16320

OCS-G 1216
 OCS-G
14456
 OCS-G 5687
 OCS-G 7799
 OCS-G 00072

OCS-G 00073

OCS-G 1568
 OCS-G
1569
 OCS-G 1261
 OCS-G 1269
 OCS-G 21683

OCS-G 4421
 OCS-G
0487
 OCS-G 0495
 OCS-G 5438
 OCS-G 2572

OCS-G 14427

OCS-G 13560

OCS-G 5286
 OCS-G
21553
 OCS-G 1874
 OCS-G 1989
 OCS-G 2136

OCS-G 4895
 OCS-G
2934
 OCS-G 4243
	  		  		  	

  
 A-iii

 Exhibit B 

The Released Property is: 
  

	 	(a)	 the Mineral Properties together with all rents, issues, profits, products and proceeds, whether now or hereafter existing or arising, from the
Mineral Properties; 

  

	 	(b)	 BEEOO’s rights in the improvements and other constructions now existing and currently located on the Mineral Properties, including without
limitation the Equipment, to the extent (i) any such property should constitute or be deemed to constitute immovable property for the purposes of Louisiana law, including without limitation any buildings, platforms, structures, towers, rigs or
other immovable property or component parts thereof, or (ii) any such property is otherwise susceptible of mortgage pursuant to Louisiana Civil Code Article 3286 or Louisiana Mineral Code Article 203; 

 

	 	(c)	 BEEOO’s rights in the improvements and other constructions now existing and currently located on the Mineral Properties, including without
limitation the Equipment, to the extent any such property should constitute or be deemed to constitute real property for the purposes of Texas law or any such property is otherwise susceptible of mortgage pursuant to Texas Law.

  

	 	(d)	 Accounts; 

  

	 	(e)	 Hydrocarbons; 

  

	 	(f)	 As-Extracted Collateral; 

  

	 	(g)	 Equipment; 

  

	 	(h)	 General Intangibles (including the Contracts); 

  

	 	(i)	 all Proceeds and products of all or any of the properties described in clauses (a) through (h) hereof; 

 

	 	(j)	 all present and future rents therefrom (which rents include without limitation all royalties, delay rentals, shut in payments and other payments
which are rentals under Title 31 of the Louisiana Revised Statutes) and all proceeds of the Hydrocarbons (which proceeds include without limitation all payments for Hydrocarbons not yet delivered, such as those received pursuant to “take or
pay” arrangements) and of the products obtained, produced or processed from or attributable to the Mineral Properties now or hereafter. 

 As used in this Partial Release, the following terms have the following meanings: 
 “Accounts” means all “accounts” (as defined in the UCC) now owned or hereafter acquired by BEEOO (including without limitation accounts resulting from the sale of
Hydrocarbon at the wellhead) now or hereafter arising in connection with the sale or other disposition of any Hydrocarbons produced from the Mineral Properties, and all revenues and rights to payment relating to BEEOO’s services as operator of
any Mineral Properties, and further means all rights accrued, accruing or to accrue to 

  
 B-i

 
receive payments of any and every kind under all Contracts related to the Mineral Properties, including without limitation bonuses, rents and royalties which are payable out of or measured by
production of any Hydrocarbons or are otherwise attributable to the Mineral Properties and all other revenues owing to BEEOO in connection with the Mineral Properties, including revenues from the treatment, transportation or storage of Hydrocarbons
produced from the Mineral Properties for third parties. 
 “Contracts” means all
contracts, operating agreements, farm out or farm in agreements, sharing agreements, limited or general partnership agreements, area of mutual interest agreements, mineral purchase agreements, contracts for the sale, exchange, transportation or
processing of Hydrocarbons, rights of way, casements, surface leases, salt water disposal agreements, service contracts, permits, franchises, licenses, pooling or unitization agreements, unit designations and pooling orders now in effect or
hereafter entered into by BEEOO, in each case affecting any of the Mineral Properties, Equipment or Hydrocarbons, or which are useful or appropriate in drilling for, producing, treating, handling, storing, transporting or marketing oil, gas or other
minerals produced from any lands affected by the Mineral Properties. 
 “Equipment” means
all equipment now owned or hereafter acquired by BEEOO and now or hereafter located on or used or held for use in connection with the Mineral Properties or in connection with the operation thereof or the treating, handling, storing, transporting,
processing, purchasing, exchanging or marketing of Hydrocarbons from the Mineral Properties, including without limitation all wells, rigs, platforms, constructions, extraction plants, facilities, gas systems (for gathering, treating, injection and
compression), water systems (for treating, disposal and injection), compressors, casing, tubing, rods, flow lines, pipelines, derricks, tanks, separators, pumps, machinery, tools and all other movable property and fixtures now or hereafter located
upon and dedicated to be used (or held for use) in connection with any of the Mineral Properties, together with all additions, accessories, parts, attachments, special tools and accessions now and hereafter affixed thereto or used in connection
therewith, and all replacements thereof and substitutions therefor. 
 “General
Intangibles” means all general intangibles (as defined in the UCC) now owned or hereafter acquired by BEEOO related to the Mineral Properties, the Equipment or the Hydrocarbons, the operation of the Mineral Properties or the Equipment
(whether BEEOO is operator or non operator), or the treating, handling, storing, transporting, processing, purchasing, exchanging or marketing of Hydrocarbons from the Mineral Properties, or under which the proceeds of Hydrocarbons arise or are
evidenced or governed, including, without limitation: (i) all contractual rights and obligations or indebtedness owing to BEEOO (other than Accounts) from whatever source arising in connection with the sale or other disposition of any
Hydrocarbons from the Mineral Properties, including all rights to payment owed or received by BEEOO pursuant to a “take or pay” provision or gas balancing arrangement; (ii) all Contracts and other general intangibles now or hereafter
arising in connection with or resulting from Contracts affecting any of the Mineral Properties; (iii) all insurance proceeds and unearned insurance premiums affecting all or any part of the Released Property; and

  
 B-ii

 
(iv) all things in action, rights represented by judgments, claims arising out of tort and other claims relating to the Released Property, including the right to assert and otherwise to be
the plaintiff and proper party of interest to commence and prosecute such action (whether as claims, counterclaims or otherwise, and whether involving matters arising from casualty, condemnation, indemnification, negligence, strict liability, other
tort, contract or in any other manner). 
 “Hydrocarbons” mean all oil, gas, casinghead
gas, condensate, distillate, other liquid and gaseous hydrocarbons, sulfur, and all other minerals, whether similar to the foregoing or not, produced, obtained or secured from or allocable to the Mineral Properties, and any products refined,
processed, recovered or obtained therefrom, including oil in tanks. 
 “Mineral
Properties” means the undivided interests in the oil, gas and mineral leases, mineral servitudes, subleases, farmouts, royalties, overriding royalties, net profits interests, production payments, operating rights and similar mineral
interests and subleases and assignments of such mineral interests described in Exhibit C attached hereto and made a part hereof. 
 “Proceeds” means all cash and non cash proceeds of, and all other profits, rentals or receipts, in whatever form, arising from the collection, sale, lease, exchange, assignment,
licensing or other disposition of, or realization upon, any of the Released Property, including without limitation all claims of BEEOO against third parties for loss of, damage to or destruction of, or for proceeds payable under, or unearned
premiums with respect to, policies of insurance in respect of, any of the Released Property, and any condemnation or requisition payments with respect to any of the Released Property, and including proceeds of all such proceeds, in each case whether
now existing or hereafter arising. 
 “UCC” means the Uniform Commercial
Code—Secured Transactions (Louisiana Revised Statutes 10:9-101 through 9-710) in the State of Louisiana or, as the case may be, the Uniform Commercial Code—Secured Transactions (Texas Business and Commerce Code § 9.101 through
9.709) in the State of Texas, as amended from time to time. 

  
 B-iii

 Exhibit C 
 EAST CAMERON 345 
 That certain Oil and Gas Lease No. OCS-G 15156, dated
effective August 1, 1995, from the United States of America, as Lessor, to Cairn Energy USA, Inc., as Lessee, covering all of Block 345, East Cameron Area, South Addition, OCS Leasing Map, Louisiana Map No. 2A, containing approximately
2,500 acres, more or less 
 EAST CAMERON 360 
 That certain Oil and Gas Lease No. OCS-G 15158, dated effective September 1, 1995, from the United States of America, as Lessor, to British-Borneo Exploration, Inc. and Ranger Oil Company, as Lessee,
covering all of Block 360, East Cameron Area, South Addition, OCS Leasing Map, Louisiana Map No. 2A, containing approximately 2,500 acres, more or less 
 GALVESTON 352 
 That certain Oil and Gas Lease No. OCS-G 23180, dated
effective October 1, 2001, from the United States of America, as Lessor, to Westport Resources Corporation, as Lessee, covering all of Block 352, Galveston Area, OCS Leasing Map, Texas Map No. 6, containing approximately 5,760 acres, more
or less. 
 HIGH ISLAND A 370 
 That certain Oil and Gas Lease No. OCS-G 2434, dated effective August 1, 1973, from the United States of America, as Lessor, to Sun Oil Company (Delaware), as Lessee, covering all of Block A-370,
High Island Area, East Addition, South Extension, Official Leasing Map, Texas Map No. 7C, containing 2,904 acres, more or less. 
 HIGH
ISLAND A-443 
 That certain Oil and Gas Lease No. OCS-G 3241, dated effective September 1, 1975, from the United States
of America, as Lessor, to Mobil Oil Corporation, Diamond Shamrock Corporation and Union Oil Company of California, as Lessee, covering all of Block A-443, High Island Area, South Addition, as shown on OCS Official Leasing Map, Texas Map No. 7B,
containing approximately 5,760 acres, more or less. 

  
 C-i

 HIGH ISLAND A-571 
 That certain Oil and Gas Lease No. OCS-G 2391, dated effective August 1, 1973 from the United States of America, as Lessor, to Texas Pacific Oil Company, Inc., El Paso Natural Gas Company, and CNG
Producing Company, as Lessee, covering all of Block 571-A, High Island Area, South Addition, Texas Map No. 7B, Outer Continental Shelf Leasing Map, containing approximately 5,760 acres, more or less. 

HIGH ISLAND A 574 
 That
certain Oil and Gas Lease No. OCS-G 26554, dated effective December 1, 2004, from the United States of America, as Lessor, to W & T Offshore, Inc., as Lessee, covering all of Block A 574, High Island Area, South Addition, OCS easing Map,
Texas Map No. 7B, containing approximately 5,760 acres, more or less. 
 SOUTH PASS 86 

That certain Oil and Gas Lease No. OCS-G 5687, dated effective July 1, 1983, from the United States of America, as Lessor, to
Marathon Oil Company, Amerada Hess Corporation, The Louisiana Land and Exploration Company and OKC Limited Partnership, as Lessee, covering all of Block 86, South Pass Area, South and East Addition, OCS Leasing Map, Louisiana Map No. 9A,
containing approximately 5,000 acres, more or less. 
 SOUTH TIMBALIER 184 

That certain Oil and Gas Lease No. OCS-G 1568 dated effective July 1, 1967 from the United States of America, as Lessor, to Cities
Service Oil Company, Atlantic Richfield Company and Continental Oil Company, as Lessee, covering all of Block 184, South Timbalier Area, Official Leasing Map La. Map No. 6, containing approximately 5,000 acres, more or less. 

SOUTH TIMBALIER 185 

That certain Oil and Gas Lease No. OCS-G 1569 dated effective July 1, 1967 from the United States of America, as Lessor, to Sinclair
Oil & Gas Company and Skelly Oil Company, as Lessee, covering all of Block 185, South Timbalier Area, Official Leasing Map La. Map No. 6, containing approximately 5,000 acres, more or less 

SOUTH TIMBALIER 190 

That certain Oil and Gas Lease No. OCS-G 1261, dated effective June 1, 1962 from the United States of America, as Lessor, to
California Oil Company, as Lessee, covering all of Block 190, South Timbalier Area, Official Leasing Map La Map No. 6, Outer Continental Shelf Leasing Map, Louisiana Offshore Operations, containing approximately 5,000 acres, more or less.

  
 C-ii

 SOUTH TIMBALIER 203 
 That certain Oil and Gas Lease No. OCS-G 1269, dated effective June 1, 1962 from the United States of America, as Lessor, to California Oil Company, as Lessee, covering all of Block 203, South
Timbalier Area, Official Leasing Map La Map No. 6, Outer Continental Shelf Leasing Map, Louisiana Offshore Operations, containing approximately 5,000 acres, more or less. 
 SOUTH TIMBALIER 299 
 That certain Oil and Gas Lease No. OCS-G 21683, dated
effective July 1, 2000 from the United States of America, as Lessor, to EEX Corporation, as Lessee, covering all of Block 299, South Timbalier Area, South Addition, OCS Leasing Map, Louisiana Map No. 6A, containing approximately 4,503.30
acres, more or less. 
 VERMILION 119 
 That certain Oil and Gas Lease No. OCS- 0487, dated effective February 1, 1955, from the United States of America, as Lessor, to Continental Oil Co., The Atlantic Refining Co., Tide Water Associated
Oil Co. and Cities Production Corporation, as Lessee, covering all of Block 119, Vermilion Area, Official Leasing Map, La. Map No. 3, Outer Continental Shelf Leasing Map, Louisiana Offshore Operations, containing approximately 5,000 acres, more
or less. 
 VERMILION 124 
 That certain Oil and Gas Lease No. OCS- 0495, dated effective February 1, 1955, from the United States of America, as Lessor, to Continental Oil Co., The Atlantic Refining Co., Tide Water Associated
Oil Co. and Cities Production Corporation, as Lessee, covering all of Block 124, Vermilion Area, Official Leasing Map, La. Map No. 3, Outer Continental Shelf Leasing Map, Louisiana Offshore Operations, containing approximately 5,000 acres, more
or less. 
 WEST CAMERON 142 
 That certain Oil and Gas Lease No. OCS – G 13560, dated effective July 1, 1992, from the United States of America, as Lessor, to Diamond Shamrock Offshore Partners Limited Partnership, as
Lessee, covering all of Block 142, West Cameron Area, South Addition, OCS Leasing Map, Louisiana Map No. 1, containing approximately 5,000 acres, more or less. 
 WEST CAMERON 178 
 That certain Oil and Gas Lease No. OCS-G 5286, dated
effective July 1, 1983, from the United States of America, as Lessor, to Exxon Corporation and Sohio Petroleum Company, as Lessees, covering all of Block 178, West Cameron Area, OCS Leasing Map, Louisiana Map No. 1, containing
approximately 5,000 acres, more or less. 

  
 C-iii

 WEST CAMERON 370 
 That certain Oil and Gas Lease No. OCS – G 21553, dated effective June 1, 2000, from the United States of America, as Lessor, to Chieftain International (U.S.) Inc. and Westport Oil and Gas
Company, Inc., as Lessee, covering all of Block 370, West Cameron Area, West Addition, OCS Leasing Map, Louisiana Map No. 1A, containing approximately 5,000 acres, more or less. 
 102807v2 

  
 C-ivOperated Escrow Agreement, dated as of October 29, 2009

 Exhibit 4.18 
 OPERATED ESCROW AGREEMENT 
 This OPERATED ESCROW
AGREEMENT (this “Agreement”), dated as of October 29, 2009, but made to be effective as of August 1, 2009 (the “Effective Date”) is entered into by and between W&T Offshore, Inc., a Texas corporation
(“W&T”), Black Elk Energy Offshore Operations, LLC, a Texas limited liability company (“BEEOO”) and Amegy Bank National Association, as escrow agent (in such capacity, the “Escrow Agent”). 

RECITALS 
 A. BEEOO has entered into that certain Agreement for Purchase and Sale dated effective August 1, 2009, with W&T (hereinafter called the “PSA Agreement”), which PSA Agreement provides in
part for the sale and assignment by W&T to BEEOO, of the Assets. Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed thereto in the PSA Agreement. W&T and BEEOO have agreed that the monies shall be
paid into this escrow account and disbursed, all as provided for in the PSA Agreement. 
 B. Notwithstanding Section A above,
this Agreement governs the terms and conditions upon which the Escrow Agent will hold and disburse the Escrow Property. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto, intending to be legally bound, do hereby agree as follows:

 Section 1. Appointment of Escrow Agent; Representatives. W&T and BEEOO hereby appoint the
Escrow Agent as “escrow agent” in accordance with the terms and conditions set forth herein, and the Escrow Agent hereby accepts such appointment. The duly authorized representatives of W&T, BEEOO and the Escrow Agent are shown on
Exhibit “A” hereto. Each of W&T, BEEOO and the Escrow Agent may change its representative at any time and from time to time by delivering written notice of such change to the other parties in the manner provided for in
Section 10(d). Each representative is authorized to act alone. 
 Section 2. Designation of Escrow
Account. For purposes of this Agreement, Escrow Agent hereby designates the following account as the escrow account hereunder (the “Escrow Account”): 

ACCOUNT NUMBER: 9143100 
 Section 3. Transfers into the Escrow Account. Simultaneously with the execution and delivery of this Agreement, BEEOO shall deposit the sum of $100 (the “Escrowed Proceeds”) with the
Escrow Agent in immediately available funds, for deposit into the Escrow Account. The Escrowed Proceeds shall be held by the Escrow Agent upon the terms and conditions hereinafter set forth. The Escrowed Proceeds, plus all interest, dividends and
other distributions and payments thereon (collectively, the “Distributions”) received by the Escrow Agent, less any funds distributed or paid in accordance with this Agreement, are collectively referred to herein as the “Escrow
Property”. Hereafter from time to time BEEOO shall deposit with the Escrow Agent for deposit into the Escrow Account payments required under Section 7.07.01(c) of the PSA Agreement and shown on Schedule 2 attached hereto. 

 Section 4. Treatment of Escrow Property. During the term of this
Agreement, unless the Escrow Agent is otherwise directed in writing signed by W&T and BEEOO, the Escrow Property shall be held in a segregated account at the Escrow Agent. The Escrow Property may only be invested and re-invested in the following
investments as directed by W&T and BEEOO: 
  

	 	(a)	 U.S. Government –Direct Obligations; 

  

	 	(b)	 U.S. Government – Federal Agency obligations: Obligor or guarantor must have a long-term debt rating of at least “AA” by Standard and
Poor’s and “Aa2” by Moodys; 

  

	 	(c)	 Commercial Paper and Other Corporate Obligations: Obligor or guarantor must have a long-term debt rating of at least “AA” by Standard and
Poor’s and “Aa2” by Moodys; 

  

	 	(d)	 Other Marketable and Rated Domestic Obligations: Obligor or guarantor must have a long-term debt rating of at least “AA” by Standard and
Poor’s and “Aa2” by Moodys; 

  

	 	(e)	 Money market mutual funds substantially all of whose funds are invested in any of the foregoing; or 

 

	 	(f)	 a money market account with Amegy Bank National Association, paying a rate of return (“MMDA”). 

Unless the Escrow Agent is provided with direction to invest the Escrow Property in abovementioned investments, the Escrow Property shall
be invested in Fidelity Institutional Money Market Treasury Portfolio #695 (FISXX) until disbursement of the entire Escrow Property. The Escrow Agent shall have no responsibility for any investment losses resulting from the investment, reinvestment
or liquidation of the Escrow Property. Any interest or other income received on such investment and reinvestment of the Escrow Property shall become part of the Escrow Property and any losses incurred on such investment and reinvestment of the
Escrow Property shall be debited against the Escrow Property. Written investment instructions, if any, from W&T and BEEOO shall specify the type and identity of the investments to be purchased and/or sold. The Escrow Agent is hereby authorized
to execute purchases and sales of investments through the facilities of its own trading or capital markets operations or those of any affiliated entity. The Escrow Agent or any of its affiliates may receive compensation with respect to any
investment directed hereunder including without limitation charging an agency fee in connection with each transaction. The Parties recognize and agree that the Escrow Agent will not provide supervision, recommendations or advice relating to either
the investment of moneys held in the Escrow Account or the purchase, sale, retention or other disposition of any investment described herein. 
 Section 5. Distribution of Escrow Property. The Escrow Agent shall hold the Escrow Property in its possession until notified in writing to disburse the Escrow Property or any specified portion
thereof solely in accordance with this Section 5. Whenever this Section 5 

 
requires disbursement, the Escrow Agent shall disburse the appropriate amount of Escrow Property to the appropriate party by wire transfer of immediately available funds. Any recipient of a
transfer of Escrow Property shall be responsible for providing written wiring instructions to Escrow Agent. Instructions regarding disbursement of any Escrow Property received after 11:00 a.m. (Central Time) will be treated as if received on the
following Business Day. The Escrow Agent shall disburse Escrow Property only upon the occurrence of the following: 
 (a) DISBURSEMENTS TO BEEOO. If the Escrow Agent receives a joint written notice from BEEOO and W&T, signed by their then representatives instructing the Escrow Agent to disburse the Escrow Property
with instructions on such disbursement, then the Escrow Agent shall disburse the Escrow Property in accordance with such notice. BEEOO and W&T shall execute such joint written notice when a disbursement is required to be made under
Section 7.07 of the PSA Agreement. 
 (b) DISBURSEMENT TO W&T. If the Escrow Agent receives a written
notice from W&T signed by the then W&T representative stating that (i) a default has occurred and continues with respect to the obligation of BEEOO to make payments under Section 7.07.01(c) of the PSA Agreement, to make payments
under Section 7.07.02(a)) of the PSA Agreement with respect to the Non-Operated Escrow Agreement or under the obligation of BEEOO to perform P&A Obligations with regard to the Operated Properties or the Non-Operated Properties in accordance
with all notices, rules and regulations of the MMS and any other agency, body, or authority having jurisdiction over BEEOO and a written statement from W&T that W&T’s written notice has also been delivered to BEEOO via facsimile, then,
on or after the third (3rd) Business Day after Escrow Agent’s receipt of such written notice, the Escrow Agent shall disburse to W&T the lesser of (1) the amount certified by W&T in its written notice or (2) the amount of
the Escrow Property. 
 (c) OTHER DISBURSEMENTS. If the Escrow Agent receives a joint written notice from BEEOO
and W&T, signed by their then representatives instructing the Escrow Agent to disburse the Escrow Property with instructions on such disbursement, then the Escrow Agent shall disburse the Escrow Property in accordance with such notice.

 Section 6. Termination. This Agreement shall terminate upon the distribution of all Escrow
Property. The provisions of Sections 8 and 9 shall survive the termination of this Agreement and the earlier resignation of the Escrow Agent. 
 Section 7. Resignation of Escrow Agent. The Escrow Agent may resign and be discharged from its duties hereunder at any time by giving thirty (30) calendar days’ prior written notice
of such resignation to W&T and BEEOO. Upon such notice, a successor escrow agent shall be appointed by W&T and BEEOO, who shall provide written notice of such to the resigning Escrow Agent. Such successor escrow agent shall become the Escrow
Agent hereunder upon the resignation or removal date specified in such notice. If W&T and BEEOO are unable to agree upon a successor escrow agent within thirty (30) days after such notice, the Escrow Agent may, in its sole discretion, apply
to a court of competent jurisdiction for the appointment of a successor escrow agent or for other appropriate relief. The costs and expenses (including its attorneys’ fees and expenses) incurred by the Escrow Agent in connection with such
proceeding shall be paid jointly by W&T and BEEOO. Upon receipt of the identity of the successor escrow agent, the Escrow Agent shall either deliver the Escrow Property then held hereunder to the successor Escrow Agent, less the Escrow
Agent’s costs and expenses or other 

 
obligations owed to the Escrow Agent to be paid from any interest earned in respect of the Escrow Property, or hold any interest earned in respect of the Escrow Property (or any portion thereof),
pending distribution, until all such costs and expenses or other obligations are paid. Upon its resignation and delivery of the Escrow Property as set forth in this Section 7, the Escrow Agent shall be discharged of and from any and all further
obligations arising in connection with the Escrow Property or this Agreement. 
 Section 8.
Indemnity. BEEOO and W&T shall jointly and severally indemnify, defend and save harmless the Escrow Agent and its affiliates and their respective successors, assigns, directors, officers, managers, attorneys, accountants, experts, agents
and employees (the “indemnitees”) from and against any and all losses, damages, claims, liabilities, penalties, judgments, settlements, actions, suits, proceedings, litigation, investigations, costs or expenses (including, without
limitation, the fees and expenses of in house or outside counsel and experts and their staffs and all expense of document location, duplication and shipment) (collectively “Losses”) arising out of or in connection with (a) the Escrow
Agent’s execution and performance of this Agreement, tax reporting or withholding, the enforcement of any rights or remedies under or in connection with this Agreement, or as may arise by reason of any act, omission or error of the indemnitee
under or in connection with this Agreement, except in the case of any indemnitee to the extent that such Losses are finally adjudicated by a court of competent jurisdiction to have been primarily caused by the gross negligence or willful misconduct
of such indemnitee, or (b) its following any instructions or other directions, whether joint or singular, from the BEEOO and W&T, except to the extent that its following any such instruction or direction is expressly forbidden by the terms
hereof. BEEOO and W&T hereto acknowledge that the foregoing indemnities shall survive the resignation, replacement or removal of the Escrow Agent or the termination of this Agreement. BEEOO and W&T hereby grant the Escrow Agent a lien on,
right of set-off against and security interest in, the Fund for the payment of any claim for indemnification, fees and expenses and amounts due hereunder. In furtherance of the foregoing, the Escrow Agent is expressly authorized and directed, but
shall not be obligated, to charge against and withdraw from the Escrow Property for its own account or for the account of an indemnitee any amounts due to the Escrow Agent or to an indemnitee under this Section 8. The obligations contained in
this Section 8 shall survive the termination of this Agreement and the resignation, replacement or removal of the Escrow Agent. 
 Section 9. The Escrow Agent. 
 (a) The duties,
responsibilities and obligations of Escrow Agent shall be limited to those expressly set forth herein and no duties, responsibilities or obligations shall be inferred or implied against the Escrow Agent. The Escrow Agent shall not be subject to, nor
required to comply with, any other agreement, including but not limited to the PSA Agreement, to which W&T or BEEOO is a party, even though reference thereto may be made herein, or to comply with any direction or instruction (other than those
contained herein or delivered in accordance with this Agreement) from W&T or BEEOO. The Escrow Agent shall not be required to expend or risk any of its own funds or otherwise incur any liability, financial or otherwise, in the performance of any
of its duties hereunder. 
 (b) If at any time the Escrow Agent is served with any judicial or administrative
order, judgment, decree, writ or other form of judicial or administrative process which in any way affects the Escrow Property (including but not limited to orders of attachment or garnishment or other forms of levies or injunctions or stays
relating to the transfer of the 

 
Escrow Property), the Escrow Agent is authorized to comply therewith in any manner it or legal counsel of its own choosing deems appropriate; and if the Escrow Agent complies with any such
judicial or administrative order, judgment, decree, writ or other form of judicial or administrative process, Escrow Agent shall not be liable to any of the parties hereto or to any other person or entity even though such order, judgment, decree,
writ or process may be subsequently modified or vacated or otherwise determined to have been without legal force or effect. 
 (c) The Escrow Agent shall not be liable to BEEOO or W&T for any action taken or omitted or for any loss or injury resulting from its actions or its performance or lack of performance of its duties
hereunder in the absence of gross negligence or willful misconduct on its part. In no event shall the Escrow Agent be liable to BEEOO or W&T (i) for acting in accordance with or conclusively relying upon any instruction, notice, demand,
certificate or document from W&T or BEEOO or any entity acting on behalf of W&T or BEEOO, (ii) anything in this Agreement to the contrary notwithstanding, in no event shall the Escrow Agent be liable for special, incidental, punitive,
indirect or consequential loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Escrow Agent has been advised of the likelihood of such loss or damage and regardless of the form of action (iii) for the
acts or omissions of its nominees, correspondents, designees, agents, subagents or subcustodians, or (iv) for the investment or reinvestment of any cash held by it hereunder, in each case in good faith, in accordance with the terms hereof,
including without limitation any liability for any delays (not resulting from its gross negligence or willful misconduct) in the investment or reinvestment of the Escrow Property, or any loss of interest or income incident to any such delays.

 (d) The Escrow Agent shall be entitled to payment of the fees set forth in Exhibit “B” hereto for
all services rendered by it hereunder. If any fees, expenses or costs incurred by, or any obligations owed to, the Escrow Agent or its counsel hereunder are not promptly paid when due, the Escrow Agent may reimburse itself therefor from the Escrow
Property and may sell, liquidate, convey or otherwise dispose of any investment in respect of the Escrow Property for such purpose. The Escrow Agent may in its sole discretion withhold from any distribution of any interest earned in respect of the
Escrow Property an amount it believes would, upon sale or liquidation, produce proceeds equal to any unpaid amounts to which the Escrow Agent is entitled to hereunder. 

(e) The Escrow Agent may consult with legal counsel of its own choosing, as to any matter relating to this Agreement,
including review for any request for disbursement hereunder or review of monthly reports or invoices, and the Escrow Agent shall not incur any liability in acting in good faith in accordance with any advice from such counsel. The Escrow Agent shall
not incur any liability for not performing any act or fulfilling any duty, obligation or responsibility hereunder by reason of any occurrence beyond the control of the Escrow Agent (including but not limited to any act or provision of any present or
future law or regulation or governmental authority, any act of God or war, civil unrest, local or national disturbance or disaster, any act of terrorism, or the unavailability of the Federal Reserve Bank wire or facsimile or other wire or
communication facility). 
 (f) The Escrow Agent shall be entitled to conclusively rely upon any order,
judgment, certification, demand, notice, instrument or other writing delivered to it hereunder without being required to determine the authenticity or the correctness of any fact stated therein or the propriety or validity or the service thereof.
The Escrow Agent may act in conclusive reliance upon any instrument or signature believed by it to be genuine and may assume that any person purporting to give receipt or advice to make any statement or execute any document in connection with the
provisions hereof has been duly authorized to do so. 

 (g) The Escrow Agent shall not be responsible in any respect for the form,
execution, validity, value or genuineness of documents or securities deposited hereunder, or for any description therein, or for the identity, authority or rights of persons executing or delivering or purporting to execute or deliver any such
document, security or endorsement. The Escrow Agent shall not be called upon to advise any party as to the wisdom in selling or retaining or taking or refraining from any action with respect to Escrow Property deposited hereunder. 

(h) The Escrow Agent shall not be under any duty to give the Escrow Property held by it hereunder any greater degree of
care than it gives its own similar property and shall not be required to invest any funds held hereunder except as directed in this Agreement. Uninvested funds held hereunder shall not earn or accrue interest. 

(i) At any time the Escrow Agent may request an instruction in writing from W&T and BEEOO and may, at its own option,
include in such request the course of action it proposes to take and the date on which it proposes to act, regarding any matter arising in connection with its duties and obligations hereunder. The Escrow Agent shall not be liable for acting in
accordance with such a proposal on or after the date specified therein, provided that the specified date shall be at least three (3) Business Days after W&T and BEEOO receives the Escrow Agent’s request for instructions and its
proposed course of action, and provided further that, prior to so acting, the Escrow Agent has not received the written instructions requested. 
 (j) When the Escrow Agent acts on any information, instructions, communications, (including, but not limited to, communications with respect to the delivery of securities or the wire transfer of funds)
sent by facsimile or electronic transmission, the Escrow Agent, absent gross negligence or willful misconduct, shall not be responsible or liable in the event such communication is not an authorized or authentic communication of W&T or BEEOO or
is not in the form W&T or BEEOO sent or intended to send (whether due to fraud, distortion or otherwise), if the document is signed by one of the respective representatives shown on Exhibit “A”. W&T and BEEOO shall release the
Escrow Agent against any loss, liability, claim or expense (including legal fees and expenses) it may incur as a result of the Escrow Agent acting in accordance with any such communication. 

(k) In the event of any ambiguity or uncertainty hereunder or in any notice, instruction or other communication received
by the Escrow Agent hereunder, the Escrow Agent may, in its sole discretion, refrain from taking any action other than to retain possession of the Escrow Property, unless the Escrow Agent receives written instructions, signed by W&T and BEEOO
which eliminates such ambiguity or uncertainty. 
 (l) In the event of any dispute between or conflicting claims
among W&T or BEEOO with respect to any Escrow Property, the Escrow Agent shall be entitled, in its sole discretion, to refuse to comply with any and all claims, demands or instructions with respect to such Escrow Property so long as such dispute
or conflict shall continue, and the Escrow Agent shall not be or become liable in any way for failure or refusal to comply with such conflicting claims, demands or instructions. The Escrow Agent shall be entitled to refuse to act until, in its sole
discretion, either (i) such conflicting or adverse claims or demands shall have been determined by a final order, judgment or decree of a court of competent jurisdiction, which order, judgment or decree is not subject to appeal, or settled by
agreement between the 

 
conflicting parties as evidenced in a writing satisfactory to the Escrow Agent or (ii) the Escrow Agent shall have received security or an indemnity satisfactory to it sufficient to hold it
harmless from and against any and all losses which it may incur by reason of so acting. Any court order, judgment or decree shall be accompanied by a legal opinion by counsel for the presenting party, satisfactory to the Escrow Agent, to the effect
that said order, judgment or decree represents a final adjudication of the rights of the parties by a court of competent jurisdiction, and that the time for appeal from such order, judgment or decree has expired without an appeal having been filed
with such court. The Escrow Agent shall act on such court order and legal opinions without further question. The Escrow Agent may, in addition, elect, in its sole discretion, to commence an interpleader action or seek other judicial relief or orders
as it may deem, in its sole discretion, necessary. The costs and expenses (including reasonable attorneys’ fees and expenses) incurred in connection with such interpleader proceeding shall be paid by, and shall be deemed a joint obligation of,
W&T and BEEOO. 
 (m) The Escrow Agent shall have no responsibility for the contents of any writing of the
arbitrators or any third party contemplated herein as a means to resolve disputes and may conclusively rely without any liability upon the contents thereof. 
 (n) W&T shall pay or reimburse the Escrow Agent upon request for any transfer taxes or other taxes relating to the Escrow Property paid to W&T hereunder and shall indemnify and hold harmless the
Escrow Agent from any amounts that it is obligated to pay in the way of such taxes. Any payments of income from the Escrow Account shall be subject to withholding regulations then in force with respect to United States taxes. W&T and BEEOO will
provide the Escrow Agent with appropriate W-9 forms for tax identification number certifications, or W-8 forms for non-resident alien certifications. It is understood that the Escrow Agent shall be responsible for income reporting only with respect
to income earned on the Escrow Property and will not be responsible for any other reporting. 
 (o) The Escrow
Agent shall provide to W&T and BEEOO monthly statements identifying transactions, transfers or holdings of Escrow Property and each such statement shall be deemed to be correct and final upon receipt thereof by W&T and BEEOO unless the
Escrow Agent is notified in writing, by W&T or BEEOO, to the contrary within thirty (30) business days of the date of such statement. W&T and BEEOO agree to waive their right to receive trade confirmations as they occur. 

Section 10. Miscellaneous. 

(a) This Agreement embodies the entire agreement and understanding among the parties relating to the subject matter
hereof. 
 (b) This Agreement shall be governed by and construed in accordance with the laws of the State of
Texas without reference to the principles of conflict of laws. 
 (c) Each of the parties hereto hereby
irrevocably consents to the jurisdiction of the federal or state courts sitting in Harris County, Texas in connection with any action, suit or other proceeding arising out of or relating to this Agreement or any action taken or omitted hereunder,
and waives any claim of forum non conveniens and any objections as to laying of venue. Each party further waives personal service of any summons, complaint or other process and agrees that service thereof may be made by certified or registered mail
directed to such person at such person’s address for purposes of notices hereunder. BEEOO and W&T further hereby waive any right to a trial by jury with respect to any lawsuit or judicial proceeding arising or relating to this Agreement.

 (d) All notices and other communications under this Agreement shall be in
writing in English and shall be deemed given when delivered personally, on the next Business Day after delivery by a recognized overnight courier or mailed first class (postage prepaid) or , if by facsimile upon confirmed transmittal or by email at
the following addresses (or to such other address as a party may have specified by notice given to the other parties pursuant to this provision): 
  

			
	 If to W&T:
	  	 W&T Offshore, Inc.
 Nine
Greenway Plaza
 Suite 300
 Houston,
Texas 77046
 Attention: Jamie L. Vazquez

FAX :: (713) 624-7324
 Email:
jamie@wtoffshore.com

		
	 If to the Escrow Agent:
	  	 Amegy Bank National Association
 1221 McKinney Street, Level P-1
 Houston, Texas 77010

Attention: Jully Jiang
 Telephone: (713)
232-1918
 FAX: (713) 571-5010
 Email:
jully.jiang@amegybank.com

		
	 If to BEEOO:
	  	 Black Elk Energy Offshore Operations, LLC
 11451 Katy Freeway, Suite 500
 Houston, TX 77079

Attention: James Hagemeier
 Telephone: (281)
598-8622
 FAX: (281) 598-8601
 Email:
jhagemeier@blackelkenergy.com

 (e) The headings of the Sections of this Agreement have
been inserted for convenience and shall not modify, define, limit or expand the express provisions of this Agreement. 
 (f) This Agreement and the rights and obligations hereunder of parties hereto may not be assigned except with the prior written consent of the other parties hereto. This Agreement shall be binding upon
and inure to the benefit of each party’s respective successors and permitted assigns. Except as expressly provided herein, no other person shall acquire or have any rights under or by virtue of this Agreement. 

(g) This Agreement may not be amended, supplemented or otherwise modified without the prior written consent of the
parties hereto. 

 (h) This Agreement may be executed in two or more counterparts, each of
which shall be an original, but all of which together shall constitute one and the same instrument. 
 (i) The
rights and remedies conferred upon the parties hereto shall be cumulative, and the exercise or waiver of any such right or remedy shall not preclude or inhibit the exercise of any additional rights or remedies. The waiver of any right or remedy
hereunder shall not preclude the subsequent exercise of such right or remedy. 
 (j) W&T and BEEOO each for
its own behalf hereby represents and warrants (i) that this Agreement has been duly authorized, executed and delivered on its behalf and constitutes its legal, valid and binding obligation and (ii) that the execution, delivery and
performance of this Agreement by W&T and BEEOO does not and will not violate any applicable law or regulation. 
 (k) The invalidity, illegality or unenforceability of any provision of this Agreement shall in no way affect the validity, legality or enforceability of any other provision; and if any provision is held
to be unenforceable as a matter of law, the other provisions shall not be affected thereby and shall remain in full force and effect. 
 (l) For purposes of this Agreement, “Business Day” shall mean any day that is not a Saturday or Sunday or a day on which banks are required or permitted by law or executive order to be closed in
the City of Houston, Texas. 
 (m) For purposes of sending and receiving instructions or directions hereunder,
all such instructions or directions shall be, and the Escrow Agent may conclusively rely upon such instructions or directions, delivered, and executed by representatives of W&T or BEEOO designated on Exhibit “A” attached hereto and
made a part hereof which such designation shall include specimen signatures of such representatives, as such Exhibit “A” may be updated from time to time in accordance with Section 1. hereinabove. 

(n) W&T shall have the right to assign its rights and obligations under this Agreement; provided any such assignment
shall not relieve W&T of its obligations hereunder. 
 (o) Section 326 of the Uniting and Strengthening
America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (“USA PATRIOT Act”) requires the Escrow Agent to implement reasonable procedures to verify the identity of any person that opens a new account
with it. Accordingly, the Parties acknowledge that Section 326 of the USA PATRIOT Act and the Escrow Agent’s identity verification procedures require the Escrow Agent to obtain information which may be used to confirm the parties identity
including without limitation name, address and organizational documents (“identifying information”). BEEOO and W&T agree to provide the Escrow Agent with and consent to the Escrow Agent obtaining from third parties any such identifying
information required as a condition of opening an account with or using any service provided by the Escrow Agent. 
 (p) In the event funds transfer instructions are given (other than in writing at the time of execution of this Agreement), whether in writing, by facsimile or otherwise, the Escrow Agent is authorized to
seek confirmation of such instructions by telephone call-back to the person or persons designated on schedule 1 hereto (“Schedule 1”), and the Escrow Agent may rely upon the confirmation of anyone purporting to be the person or persons so
designated. The persons and telephone numbers for call-backs may be changed only in a writing actually 

 
received and acknowledged by the Escrow Agent. If the Escrow Agent is unable to contact any of the authorized representatives identified in Schedule 1, the Escrow Agent is hereby authorized to
seek confirmation of such instructions by telephone call-back to any one or more of BEEOO or W&T executive officers (“Executive Officers”), as the case may be, which shall include the titles of Chief Executive Officer, Executive Vice
President or General Counsel, as the Escrow Agent may select. Such “Executive Officer” shall deliver to the Escrow Agent a fully executed incumbency certificate, and the Escrow Agent may rely upon the confirmation of anyone purporting to
be any such officer. The Escrow Agent and the beneficiary’s bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by BEEOO or W&T to identify (a) the beneficiary, (b) the
beneficiary’s bank, or (c) an intermediary bank. The Escrow Agent may apply any of the escrowed funds for any payment order it executes using any such identifying number, even when its use may result in a person other than the beneficiary
being paid, or the transfer of funds to a bank other than the beneficiary’s bank or an intermediary bank designated. BEEOO and W&T acknowledge that these security procedures are commercially reasonable. 

(q) BEEOO and W&T acknowledge that repetitive funds transfer instructions may be given to the Escrow Agent for one or
more beneficiaries where only the date of the requested transfer, the amount of funds to be transferred, and/or the description of the payment shall change within the repetitive instructions (“Standing Settlement Instructions”).
Accordingly, BEEOO and W&T shall deliver to Escrow Agent such specific Standing Settlement Instructions only for each respective beneficiary as set forth in Exhibit A to this Agreement, by facsimile or other written instruction. Escrow Agent may
rely solely upon such Standing Settlement Instructions and all identifying information set forth therein for each beneficiary. Escrow Agent and BEEOO and W&T agree that such Standing Settlement Instructions shall be effective as the funds
transfer instructions of BEEOO or W&T, without requiring a verifying callback, whether or not authorized, if such Standing Settlement Instructions are consistent with previously authenticated Standing Settlement Instructions for that
beneficiary. BEEOO and W&T acknowledge that such Standing Settlement Instructions are a security procedure and are commercially reasonable. 

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

																	
	 Tax Certification: Taxpayer
Identification Number (TIN): Social Security Number 
	 	 Date:
	  	11/29/07 
	 			 	 	 			 
	 	 		 		 	 	 	 	 	 	 		 		  	 
	
or
  

	
Employee Identification Number

 

	 			 	 			 
	 	 		 		 	 72
	 	 1121985
	 		 		  	 
	 Name & Address:
	 	 W&T Offshore, Inc.
	 		 		 		 		  	 
	 	 	 Nine Greenway Plaza, Suite 300
	 		 		 		 		  	 
	 	 	 Houston, Texas 77046
	 		 		 		 		  	 
	  

Customer is a (check one):
  

Corporation
        XX         Partnership            Individual/sole proprietor
            Trust            

 
 Limited liability
company             Enter the tax classification (D=disregarded entity, C=Corporation,
P=Partnership            
  

Other
                    
  

Taxpayer is (check if applicable):
  

    XX         Exempt from backup
withholding
  
 Under the penalties of
perjury, the undersigned certifies that:
  
 (1)    the number shown above is its correct Taxpayer Identification Number (or it is waiting for a number to be issued to it); 

 

(2)    it is not subject to backup withholding because: (a) it is exempt from
backup withholding or (b) it has not been notified by
the Internal Revenue Service (IRS) that it is subject to backup withholding as a result of failure to report all interest
or dividends, or (c) the IRS has notified it that it is
no longer subject to backup withholding; and
  
 (3)    It is a U.S. citizen or other U.S. person (defined in the Form W-9 instructions).

 
 (If the entity is subject to backup withholding, cross out the words
after the (2) above.)
  
 Investors who do not supply a tax
identification number will be subject to backup withholding in accordance with IRS regulations.
  
 Note: The IRS does not require your consent to any provision of this document other than the certifications required to avoid backup withholding.

 

  

			
	W&T Offshore, Inc.
		
	 By:
	 	 /s/ Thomas F. Getten

	 Name:
	 	 Thomas F. Getten

	 Title:
	 	 Vice President

																	
	 Tax Certification: Taxpayer Identification Number (TIN):
Social Security Number 
	  	 Date:
	  	 	  	 
	 			 	 	 		 
	 	 		 		  	 	  	 	  	 	  		  	 
	 
	or
	 
	
Employee Identification Number
  

	 	 		 		  	38	  	3769404	  		  	 
	 	 	 	 	 	  	 	  	 	  	 	  	 

 Name & Address: Black Elk Energy Offshore Operations, LLC 11451 Katy Freeway, Suite 500 
 Houston, TX 77079 
 Attention: John Hoffman 

 

	
	  
 Customer is a (check one):
  
 Corporation            Partnership            Individual/sole
proprietor            Trust            

 
 Limited liability company
    XX     Enter the tax classification (D=disregarded entity, C=Corporation, P=Partnership            

Other                     

 
 Taxpayer is (check if applicable):

 
     XX    
Exempt from backup withholding
  
 Under the penalties of
perjury, the undersigned certifies that:
  
 (1)    the number shown above is its correct Taxpayer Identification Number (or it is waiting for a number to be issued to it); 

 

(2)    it is not subject to backup withholding because: (a) it
is exempt from backup withholding or (b) it has not been notified
by the Internal Revenue Service (IRS) that it is subject to backup withholding as a result of failure to report all interest
or dividends, or (c) the IRS has notified
it that it is no longer subject to backup withholding; and
  

(3)    It is a U.S. citizen or other U.S. person (defined in the
Form W-9 instructions).
  
 (If the entity is
subject to backup withholding, cross out the words after the (2) above.)
  
 Investors who do not supply a tax identification number will be subject to backup withholding in accordance with IRS regulations.

 
 Note: The IRS does not require your consent to any provision of this document
other than the certifications required to avoid backup withholding.
  

 

			
	 Black Elk Energy Offshore Operations, LLC

		
	 By:
	 	/s/ James Hagemeier
	 Name:
	 	 James Hagemeier

	 Title:
	 	 Vice President

	
	 Amegy Bank National Association as Escrow Agent

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

  
  

 Exhibit “A” 

Authorized Representatives 
  

					
	 Name
	  	 Title
	  	 Specimen Signature

			
	 W. Reid Lea
	  	Authorized Representative of W&T	  	 /s/ W. Reid Lea

			
	 John D. Gibbons
	  	Authorized Representative of W&T	  	 /s/ John D. Gibbons

			
	 Todd E. Grabois
	  	Authorized Representative of W&T	  	 /s/ Todd E. Grabois

			
	 James F. Hagemeier
	  	Authorized Representative of BEEOO	  	 /s/ James F. Hagemeier

			
	 John G. Hoffman
	  	Authorized Representative of BEEOO	  	 /s/ John G. Hoffman

			
	 Joe Matthews
	  	Authorized Representative of BEEOO	  	 /s/ Joe Matthews

 Exhibit B 

Fee Schedule 
 Escrow Fee Schedule 
 For 

W & T Offshore, Inc. 
  

	Acceptance Fee:	 $500 

To review and negotiate documents and setup account(s). 
  

	Annual Administration Fee:	 $3,000 

To administer the account per terms of the agreement including maintenance, transactions, etc, (Due upon execution of the agreement and
on each anniversary date thereafter without pro-ration.) 
  

	Transaction Charges	 $35.00 per item in excess of 20 per year 

 (Deposits or Disbursements via check or wire) 
  

	Trades or Sells of Securities	 $35.00 per item 

 (unless invested in sweep fund) 
  

	Out of pocket Expenses	 At cost 

Tax Reporting 

There is no charge for tax reporting to one entity only; however, if reporting is to be apportioned to distributees, there will be an
additional charge of $50.00 per Form 1099 produced/required. 
 Extraordinary Services 

This fee does not cover any extraordinary or out-of-pocket expenses, including, but not limited to, legal fees which may be incurred by
the Escrow Agent in performing its duties hereunder nor any extraordinary tax reporting which may be required. 

 Schedule 1 
 Telephone Number(s) for Call-Backs and 
 Person(s) Designated
to Confirm Funds Transfer Instructions 
  

			
	If to BEEOO:	  	
		
	 Name
	  	 Telephone Number

		
	 1. James F. Hagemeier
	  	(281) 598-8622
		
	 2. John G. Hoffman
	  	(281) 598-8620
		
	 3. Joe Matthews
	  	(281) 598-8628
		
	If to W&T:	  	 
		
	 Name
	  	 Telephone Number

		
	 1. Todd E. Grabois
	  	(713) 624-7332
		
	 2. John D. Gibbons
	  	(713) 624-7393
		
	 3. W. Reid Lea
	  	(713) 624-7215

 Telephone call backs shall
be made to both Parties if joint instructions are required pursuant to the agreement. 

 Schedule 2 

Payment Schedule Into Operated Escrow Agreement 

 

									
	Payment Schedule into Operated Escrow Agreement	 
	 	  	Thousands of $s	 
	Payment Date	  	Balance after
Payment	 	  	Payment	 
		  	$	32,600	  	  			
	 01-Nov-09
	  	$	31,400	  	  	$	1,200	  
	 01-Dec-09
	  	$	30,200	  	  	$	1,200	  
	 01-Jan-10
	  	$	29,000	  	  	$	1,200	  
	 01-Feb-10
	  	$	27,800	  	  	$	1,200	  
	 01-Mar-10
	  	$	26,600	  	  	$	1,200	  
	 01-Apr-10
	  	$	25,400	  	  	$	1,200	  
	 01-May-10
	  	$	24,200	  	  	$	1,200	  
	 01-Jun-10
	  	$	23,000	  	  	$	1,200	  
	 01-Jul-10
	  	$	21,800	  	  	$	1,200	  
	 01-Aug-10
	  	$	20,800	  	  	$	1,000	  
	 01-Sep-10
	  	$	19,800	  	  	$	1,000	  
	 01-Oct-10
	  	$	18,800	  	  	$	1,000	  
	 01-Nov-10
	  	$	17,800	  	  	$	1,000	  
	 01-Dec-10
	  	$	16,800	  	  	$	1,000	  
	 01-Jan-11
	  	$	15,800	  	  	$	1,000	  
	 01-Feb-11
	  	$	14,800	  	  	$	1,000	  
	 01-Mar-11
	  	$	13,800	  	  	$	1,000	  
	 01-Apr-11
	  	$	12,800	  	  	$	1,000	  
	 01-May-11
	  	$	12,050	  	  	$	750	  
	 01-Jun-11
	  	$	11,300	  	  	$	750	  
	 OI-Jul-11
	  	$	10,550	  	  	$	750	  
	 01-Aug-11
	  	$	9,800	  	  	$	750	  
	 01-Sep-11
	  	$	9,050	  	  	$	750	  
	 01-Oct-11
	  	$	8,300	  	  	$	750	  
	 01-Nov-11
	  	$	7,550	  	  	$	750	  
	 01-Dec-11
	  	$	6,800	  	  	$	750	  
	 01-Jan-12
	  	$	6,050	  	  	$	750	  
	 01-Feb-12
	  	$	5,550	  	  	$	500	  
	 01-Mar-12
	  	$	5,050	  	  	$	500	  
	 01-Apr-12
	  	$	4,550	  	  	$	500	  
	 01-May-12
	  	$	4,050	  	  	$	500	  
	 01-Jun-12
	  	$	3,550	  	  	$	500	  
	 01-Jul-12
	  	$	3,050	  	  	$	500	  
	 01-Aug-12
	  	$	2,550	  	  	$	500	  
	 01-Sep-12
	  	$	2,050	  	  	$	500	  
	 01-Oct-12
	  	$	1,550	  	  	$	500	  
	 01-Nov-12
	  	$	1,050	  	  	$	500	  
	 01-Dec-12
	  	$	550	  	  	$	500	  
	 01-Jan-13
	  	$	—  	  	  	$	550	  
		  				  	 	 	 
		  				  	$	32,600

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00189-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00189-of-00352.parquet"}]]