Document:

EX-10.1

 Exhibit 10.1 

EXECUTIVE EMPLOYMENT AGREEMENT 

This EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”) is made as of August 15, 2017 (the “Agreement
Date”), with an effective date of July 1, 2017 (the “Effective Date”), by Playa Resorts Management, LLC, a Delaware limited liability company with an address at 3950 University Drive, Suite 301, Fairfax, Virginia 22030
(“Playa Resorts”), and Ryan Hymel (“Executive”). 
 WHEREAS, as of the Effective Date, Playa
Resorts desires to engage Executive as Chief Financial Officer (“CFO”) of Playa Resorts; and 
 WHEREAS, Executive
desires to serve as CFO of Playa Resorts pursuant to the terms and conditions of this Agreement. 
 NOW, THEREFORE, in consideration
of the mutual covenants and promises contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the parties agree as follows: 

 

	1.	Term 

 Playa Resorts shall employ Executive, and Executive shall be employed by Playa
Resorts, upon the terms and conditions set forth in this Agreement. Unless terminated earlier pursuant to Section 5 below, Executive’s employment pursuant to this Agreement shall be for a period of three (3) years
commencing on the Effective Date and ending on June 30, 2020 (the term being the “Employment Period”). 
  

	2.	Title; Duties 

 (a)    Executive shall be employed as CFO. Executive
shall report to the CEO of Playa Resorts, which shall have the final and exclusive authority to direct, control and supervise the activities of Executive. Executive shall perform such services consistent with his position as may be assigned to him
from time to time by the CEO. Executive is employed in a fiduciary relationship with Playa Resorts. In addition to the foregoing, Executive shall perform duties consistent with his appointment from time to time to any other executive positions with
Playa Resorts or any of Playa Resorts’ related or affiliated entities (the “Playa Affiliates”). For the avoidance of doubt, Executive may be appointed, removed and reappointed to or from executive and directorship positions of
any Playa Affiliate and any such action, other than a removal of Executive as an executive of Playa Resorts shall not constitute a termination of Executive under this Agreement. 

(b)    Executive shall carry out his duties set forth in this Agreement at Playa Resorts’ offices in Fairfax,
Virginia; provided, however, that Executive’s duties require extensive and extended travel, which the parties expect, may involve travel approximately fifty percent (50%) of the time with fluctuation based upon business
exigencies. 
  

	3.	Extent of Services 

 (a)    General. Executive shall devote a
substantial majority of his business time, attention, skill and effort to the performance of his duties under this Agreement. Executive may, to the extent such activities do not impair the performance of his duties to Playa Resorts or the Playa
Affiliates: (i) engage in personal investments and charitable, professional and civic 

  
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activities; (ii) serve on boards of directors (or other governing bodies) of non-competitive corporations (or other entities) other than Playa Resorts
and the Playa Affiliates; and (iii) engage in such additional activities and serve on such additional boards of directors (or other governing bodies) as the Board of Directors of Playa Resorts (“Playa Resorts Board”) shall
approve; provided, however, that Executive shall resign promptly from any additional boards of directors (or additional other governing bodies) if directed to do so by the Playa Resorts Board or the Board of Directors of Playa
Hotels & Resorts, B.V. (the “Playa Board”) in its sole and absolute discretion. Executive shall not serve on the board of directors (or other governing body) of any corporation (or any other entity) that engages in
activities in competition with those of Playa Resorts or the Playa Affiliates. Executive shall perform his duties to the best of his ability, shall adhere to Playa Resorts’ published policies and procedures and shall use his best efforts to
promote the interests, reputation, business and welfare of Playa Resorts. 
  

	4.	Compensation and Benefits 

 (a)    Salary. Commencing
July 1, 2017, Playa Resorts shall pay Executive a gross annual base salary (“Base Salary”) of Three Hundred Twenty-Five Thousand Dollars ($325,000). For the avoidance of doubt, Executive shall not be entitled to receive any
other salary to the extent he serves as an officer, director or employee of any other Playa Affiliate. The Base Salary shall be payable in arrears in approximately equal semi-monthly installments (except that the first and last such semi-monthly
installments may be prorated if necessary) on Playa Resorts’ regularly scheduled payroll dates, minus such deductions as may be required by law or reasonably requested by Executive. The Playa Board shall review Executive’s Base Salary
annually in conjunction with its regular review of executives’ salaries and make such increases, if any, to his Base Salary as the Playa Board shall deem appropriate in its sole and absolute discretion. 

(b)    Incentive Compensation 

(i)    Executive shall be eligible to receive a “Discretionary Annual Bonus” with a target
amount of seventy five percent (75%) of the sum of his annual Base Salary and with a maximum of one hundred thirty one and twenty five hundredths percent (131.25%) of the sum of his annual base salary. The amount, if any, of each Discretionary
Annual Bonus payable to Executive shall be determined by the Playa Board in its sole and absolute discretion, taking into account such criteria as the Playa Board shall deem appropriate. The Playa Board shall make its determination of the amount of
the Discretionary Annual Bonus (if any) payable to Executive promptly after the Playa Board’s acceptance of the financial results for the applicable year. Executive shall be entitled to receive the Discretionary Annual Bonus (if any) for a
given year so long as he is an employee on the last day of the year for which the Discretionary Annual Bonus is given. Each such Discretionary Annual Bonus directed to be awarded to Executive shall be payable as soon as practical, but no later than
sixty (60) days, after the Playa Board makes its bonus determination for the applicable year (but in all events within the year following the year of performance). Subject to the foregoing, Executive may be entitled to receive a pro-rata amount of the Discretionary Annual Bonus for any partial calendar year occurring by reason of termination of this Agreement pursuant to Section 5(b) or
(c) below. 
 (ii)    Executive shall be eligible to participate in any equity
compensation plan under which similarly-situated senior executives of Playa Resorts are eligible to receive equity awards for service to Playa Resorts (the “EIP”). The terms and amounts of any

  
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EIP awards granted to Executive shall be determined by the Playa Board in its sole and absolute discretion. Payments of amounts (if any) under the EIP shall be structured to provide liquidity at
such times and in such amounts as is necessary to permit Executive to pay on a timely basis all income and employment taxes due by reason of any incentive compensation payable to him under the EIP. 

(iii)    Executive may be eligible to participate in such other incentive compensation programs as may be
provided to senior executives of Playa Resorts or the Playa Affiliates from time-to-time. 

(iv)    Notwithstanding anything to the contrary contained in this Agreement, Executive’s entitlement
to any Discretionary Annual Bonus and any award granted to Executive under the EIP or any other incentive compensation program shall be determined and approved by the Playa Board, in each case in its sole and absolute discretion. 

(c)    Other Benefits. Commencing on July 1, 2017, Executive shall be entitled to paid time off and holiday
pay in accordance with Playa Resorts policies in effect from time to time, and to participate in such life, health and disability insurance, pension, deferred compensation and incentive plans, stock options and awards, performance bonuses and other
benefits as Playa Resorts extends, as a matter of policy, to senior executive employees of Playa Resorts. 

(d)    Reimbursement of Business Expenses. Playa Resorts shall reimburse Executive for all reasonable travel,
entertainment and other expenses incurred or paid by Executive in connection with, or related to, the performance of his duties, responsibilities or services to Playa Resorts and the other Playa Affiliates under this Agreement in accordance with the
reimbursement policy and procedure then adopted, from time to time, by Playa Resorts and upon presentation by Executive of reasonable documentation, expense statements, vouchers and such other supporting information as Playa Resorts may reasonably
request. 
  

	5.	Termination 

 (a)    Termination by Playa Resorts for Cause.
Playa Resorts may terminate Executive’s employment under this Agreement at any time for Cause upon written notice. For purposes of this Agreement, “Cause” for termination shall mean any of the following: (i) the conviction
of Executive of, or the entry of a plea of guilty, first offender probation before judgment or nolo contendere by Executive to, any felony or any other crime involving dishonesty; (ii) fraud, misappropriation, embezzlement or breach of
fiduciary duty by Executive with respect to Playa Resorts or any of the Playa Affiliates; (iii) Executive’s willful failure, bad faith or gross negligence in the performance of his assigned duties for Playa Resorts or any Playa Affiliate
following Executive’s receipt of written notice of such willful failure, bad faith or gross negligence; (iv) Executive’s failure to follow reasonable and lawful directives of Playa Resorts or the other applicable Playa Affiliates
following Executive’s receipt of written notice of such failure; (v) any act or omission of Executive that that the Playa Resorts Board reasonably determines to be likely to have a material adverse impact on Playa Resorts’ or any
Playa Affiliate’s business or reputation for honesty and fair dealing; other than an act or failure to act by Executive acting reasonably, in good faith and without reason to believe that such act or failure to act would adversely impact Playa
Resorts’ or any Playa Affiliate’s business or reputation for honesty and fair dealing; or (vi) the breach by Executive of any material term of this Agreement following Executive’s receipt of written notice of such breach. Playa
Resorts shall provide Executive a period of thirty (30) days following receipt of any written Cause 

  
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notification in order to allow Executive the opportunity to effectuate a cure of the acts or omissions that form the basis for the determination, but only to the extent such acts or omissions are
capable of cure. 
 (b)    Termination by Playa Resorts without Cause. Upon giving Executive sixty
(60) days’ written notice, Playa Resorts may terminate this Agreement at any time without Cause. At Playa Resorts’ sole and absolute discretion, it may substitute sixty (60) days’ salary in lieu of notice. Any salary paid to
Executive by Playa Resorts in lieu of notice shall not be offset against any entitlement Executive may have to the Severance Payment pursuant to Section 6(c)(i) below. 

(c)    Termination by Executive for Good Reason. Executive may terminate his employment with Playa Resorts under
this Agreement at any time for Good Reason, upon sixty (60) days’ written notice by Executive to Playa Resorts. Executive may not terminate this Agreement for Good Reason hereunder unless and until he has provided Playa Resorts with
written notice of the action which Executive contends to be Good Reason (which notice must specify that such action constitutes the basis for a “Good Reason” resignation hereunder), such written notice is provided within sixty
(60) days of the occurrence of the event which Executive contends to be Good Reason and Playa Resorts has failed to reasonably remedy such action within thirty (30) days of receiving such written notice. For purposes of this Agreement,
“Good Reason” for termination shall mean any of the following: (i) the assignment to Executive of substantial duties or responsibilities materially inconsistent with Executive’s position at Playa Resorts or, to the extent
Executive is a senior executive of a Playa Affiliate, his responsibilities are inconsistent with those of a senior executive of such other Playa Affiliate or any other action by Playa Resorts which results in a substantial diminution of
Executive’s duties or responsibilities as a senior executive of Playa Resorts (for the avoidance of doubt, if Executive is removed as a director or senior executive of any Playa Affiliate, such removal or resignation shall not constitute a
basis for a resignation or termination of this Agreement by Executive for Good Reason); (ii) Playa Resorts’ failure to pay Executive any Base Salary or other compensation to which he is entitled for a period of three (3) business days;
(iii) a material reduction in Executive’s Base Salary; or (iv) a breach of any material term of this Agreement by Playa Resorts. 

(d)    Executive’s Death or Disability. Executive’s employment with Playa Resorts shall terminate
immediately upon his death or, upon written notice as set forth below, his Disability. As used in this Agreement, “Disability” shall mean such permanent physical or mental impairment as would render Executive unable to perform his
duties under this Agreement for more than one hundred eighty (180) days. If the Employment Period is terminated by reason of Executive’s Disability, either party shall give thirty (30) days’ advance written notice to that effect
to the other. This Section 5(d) is intended to be interpreted and applied consistent with any laws, statutes, regulations and ordinances prohibiting discrimination, harassment or retaliation on the basis of a disability.

 (e)    Termination by Executive without Good Reason. Executive may terminate his employment under this
Agreement at any time without Good Reason upon giving Playa Resorts sixty (60) days’ written notice. 

(g)    End of Employment Period. In accordance with Section 1 above, the Employment
Period shall automatically terminate on June 30, 2020 (unless terminated earlier as provided herein). 

  
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	6.	Effect of Termination 

 (a)    General. Regardless of the
reason for any termination of this Agreement (other than terminations due to Executive’s death or Disability, which are covered by Sections 6(e)(i) and (ii) below, respectively), Executive shall be entitled to receive each of
the following: (i) payment of any unpaid portion of his Base Salary through the effective date of termination; (ii) reimbursement for any outstanding reasonable business expense he has incurred in performing his duties hereunder in
accordance with Section 4(d) above; (iii) continued insurance benefits to the extent required by law; and (iv) payment of any fully vested but unpaid rights as required by the terms of any bonus or other incentive
pay plan, or any other employee benefit plan or program of Playa Resorts or a Playa Affiliate. 
 (b)    Termination
by Playa Resorts for Cause. If Playa Resorts terminates Executive’s employment for Cause, Executive shall have no rights or claims under this Agreement against Playa Resorts or any of the Playa Affiliates or their officers, directors,
employees or equity holders, with respect to such termination of employment or termination of any other position then held by Executive with any of the Playa Affiliates, except only to receive the payments and benefits described in
Section 6(a) above. 
 (c)    Termination by Playa Resorts without Cause or by Executive
for Good Reason. If Playa Resorts terminates this Agreement without Cause pursuant to Section 5(b) above, or Executive terminates this Agreement for Good Reason pursuant to Section 5(c) above,
in each case during the Employment Period, then Executive shall only be entitled to receive, and Playa Resorts shall pay, in addition to the items referenced in Section 6(a) above, the following: 

(i)    An aggregate amount equal to his Base Salary at the rate in effect on his last day of employment
(the “Severance Payment”). The Severance Payment shall be paid in twelve (12) equal monthly installments commencing after Executive’s termination of employment, subject to all legally required payroll deductions and
withholdings. The twelve (12)-month period during which Severance Payments shall be tendered is the “Severance Payment Period.” 

(ii)    To help defray Executive’s costs of procuring health insurance coverage (including COBRA),
Playa Resorts shall pay Executive an additional monthly amount of One Thousand Five Hundred Dollars ($1,500.00) (the “Additional Amount”) with each Severance Payment installment during the Severance Payment Period to be paid to
Executive under Section 6(c)(i) above; provided, however, that Executive shall promptly notify Playa Resorts if he becomes eligible to obtain insurance coverage under another group insurance plan at which time
payment of the Additional Amount to Executive shall cease. In no event shall payment of the Additional Amount to Executive extend beyond the Severance Payment Period. 

(iii)    A pro-rata share of any Discretionary Annual Bonus which
Executive otherwise would have been entitled under Section 4(b)(i) above for the calendar year in which his employment terminates without Cause or for Good Reason, with such discretionary amount
determined by the Playa Board in good faith and prorated based on the number of days Executive is employed in the year of termination. Such pro-rated bonus shall be paid to Executive within sixty
(60) days following the later of the end of the calendar year in which such termination occurs and the date the financial results of such year are accepted by the Playa Board (but in all events within the year following the year of termination)
and in no event shall any discretionary amount be determined in a manner different than such amounts are determined for still-employed senior executives of Playa Resorts. 

  
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 (d)    Termination by Executive without Good Reason. If Executive
terminates this Agreement without Good Reason, Executive shall only be entitled to receive the payments and benefits described in Section 6(a). 
  

	 	(e)	Termination upon Death or Disability 

 (i)    If
Executive’s employment terminates in the event of his death, Executive’s estate shall be entitled to receive (a) payment of any unpaid portion of his Base Salary through the date of his death, (b) payment of any fully vested but
unpaid rights as required by the terms of any bonus or other incentive pay plan or any other employee benefit plan or program of Playa Resorts or the Playa Affiliates and (c) a pro-rata share of any
Discretionary Annual Bonus to which he otherwise would have been entitled under Section 4(b)(i) above for the calendar year in which his death occurs at no less than the target bonus percentage, paid at the time
discretionary annual bonuses are paid to still-employed executives of Playa Resorts. Further, Playa Resorts shall pay the Additional Amount for a period of twelve (12) months following his date of death. Executive’s estate shall not be
entitled to receive any severance pay or benefits or other amounts for termination due to his death other than as provided in this Section 6(e)(i); and 

(ii)    In the event Executive’s employment terminates due to his Disability, he shall be entitled to
receive his Base Salary through the date he is terminated due to his Disability. Executive also shall be entitled to receive a pro-rata share of any Discretionary Annual Bonus to which he otherwise would have
been entitled under Section 4(b)(i) above for the calendar year in which his employment terminates due to his Disability, paid at the time discretionary annual bonuses are paid to still-employed executives of Playa Resorts.
Further, Playa Resorts shall pay the Additional Amount for a period of twelve (12) months following the date of termination of his employment; provided, however, that if such insurance coverage becomes available under another
group insurance plan during the twelve (12)-month period, payment of the Additional Amount shall cease. Executive shall receive no severance pay or benefits for termination due to his Disability other than as provided in this
Section 6(e)(ii). 
 (f)    End of Employment Period. If the Employment Period
automatically terminates on June 30, 2020 then Executive shall only be entitled to receive the items referenced in Section 6(a) above. 

(g)    Termination following Change in Control. If a Change in Control (as defined below) occurs during the
Employment Period, the following provisions shall apply: 
 (i)    Termination without Cause or for
Good Reason. If Playa Resorts terminates Executive’s employment without Cause or Executive terminates his employment for Good Reason within two (2) years following a Change in Control, the termination shall be treated as a termination
pursuant to Section 6(c) above; provided, however, that the Severance Payment shall be increased to one and one-half (1.5) times Executive’s Base Salary. 

  
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 For purposes of this Agreement, a “Change in Control” means a
(i) Change in Ownership of Playa Hotel & Resorts, N.V. (“Playa”), (ii) Change in Ownership of Assets of Playa, or (iii) a Change in Effective Control of Playa, as described herein and construed in accordance with
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). 

(A)    A “Change in Ownership of Playa” shall occur on the date that any Person acquires,
or Persons Acting as a Group acquire, ownership of the equity interests of Playa that, together with the stock held by such Person or Group, constitutes more than fifty percent (50%) of the total fair market value or total voting power of the equity
interests of Playa. However, if any Person is, or Persons Acting as a Group are, considered to own more than fifty percent (50%) of the total fair market value or total voting power of the equity interests of Playa, the acquisition of additional
stock by the same Person or Persons Acting as a Group is not considered to cause a Change in Ownership of Playa. An increase in the percentage of equity interests owned by any Person, or Persons Acting as a Group, as a result of a transaction in
which Playa acquires its equity interests in exchange for property shall be treated as an acquisition of equity interests. 

(B)    A “Change in the Ownership of Assets of Playa” shall occur on the date that any
Person acquires, or Persons Acting as a Group acquire (or has or have acquired during the twelve (12)-month period ending on the date of the most recent acquisition by such Person or Persons) assets from Playa that have a total gross fair market
value equal to or more than eighty-five percent (85%) of the total gross fair market value of all of the assets of Playa immediately before such acquisition or acquisitions. For this purpose, gross fair market value means the value of the assets of
Playa, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. 

(C)    A “Change in Effective Control of Playa” shall occur on the date more than fifty
percent (50%) of the members of the Playa Board are replaced during any twelve (12)-month period by directors whose appointment or election is not endorsed by a majority of the existing members of the Playa Board. 

The following rules of construction apply in interpreting the definition of Change in Control: 

(A)    A “Person” means any individual, entity or group within the meaning of
Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended, other than employee benefit plans sponsored or maintained by Playa and by entities controlled by Playa or an underwriter of the equity interests of Playa in a
registered public offering. 
 (B)    Persons shall be considered to be “Persons Acting as a
Group (or a Group)” if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock or similar business transaction with Playa. If a Person owns equity interests in both Playa and the other
corporation that enters into a merger, consolidation, purchase or acquisition of stock or similar business transaction, such holder is considered to be acting as a Group with other holders only with respect to the ownership in the entity giving rise
to the change and not with respect to the ownership interest in Playa. Persons shall not be considered to be acting as a Group solely because they purchase assets of the same entity at the same time or purchase or own stock of the same corporation
at the same time, or as a result of the same public offering. 

  
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 (C)    For purposes of this definition, fair market value
shall be determined by the Playa Board. 
 (D)    A Change in Control shall not include a transfer to a
related person as described in Code Section 409A. 
 (E)    For purposes of this definition, Code
Section 318(a) applies to determine ownership. Equity underlying a vested option is considered owned by the individual who holds the vested option (and the stock underlying an unvested option is not considered owned by the individual who holds
the unvested option). For purposes of the preceding sentence, however, if a vested option is exercisable for equity that is not substantially vested (as defined by Treasury Regulation §§1.83-3(b) and
(j)), the equity underlying the option is not treated as owned by the individual who holds the option. 

(F)    An initial public offering of Playa securities shall not constitute a Change in Control under this
Agreement. 
 (h)    Separation Agreement Required for Severance Payments. No post-employment payments by
Playa Resorts relating to termination of employment under the provisions of Section 6(c), (d), (e), or (g) above shall commence until Executive executes and delivers a Separation and General Release
Agreement (the “Separation Agreement”) in the form of attached Exhibit A in all material respects and any applicable revocation period with respect to such release has expired. 

(i)    Payments upon Separation. Notwithstanding any contrary payment provisions of this
Section 6, all payments in connection with a separation from service under this Agreement shall be made as of the latest of the following dates: (i) the sixtieth (60th) day following the termination of Executive’s
employment and his delivery without revocation of the executed Separation Agreement; (ii) to the extent required under Section 11(b) below, the first business day that is six (6) months following Executive’s
separation from service; or (iii) the payment date required under the terms of any deferred compensation plan subject to the requirements of Code Section 409A. Amounts otherwise payable prior to these dates shall be delayed pursuant to
this provision. Executive shall not retain the ability to elect the tax year of any payments under the Separation Agreement and to the extent any payment could be made in one (1) of two (2) tax years, such payment shall be made in the
later tax year. All payments under this Agreement shall be subject to all applicable federal, state and local tax withholding. 

(j)    Cooperation. Following Executive’s termination or resignation, Executive shall assist and cooperate
with Playa Resorts and the Playa Affiliates in the orderly transition of work to others if so requested by Playa Resorts or the Playa Affiliates. Executive shall cooperate with Playa Resorts and the Playa Affiliates and be responsive to requests for
information by any of them relating to their respective business matters about which Executive may have information or knowledge and reasonably assist Playa Resorts and the Playa Affiliates, as the case may be, with any litigation, threatened
litigation or arbitration proceeding relating to Playa Resorts’ or any Playa Affiliate’s business as to which business Executive had relevant knowledge, and Playa Resorts shall reimburse Executive for reasonable costs, including
attorneys’ fees and expenses, actually incurred by Executive in connection with such assistance. 

  
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	7.	Confidentiality 

 (a)    Definition of Proprietary
Information. Executive acknowledges that he may be furnished or may otherwise receive or have access to confidential information which relates to Playa Resorts’ or a Playa Affiliate’s past, present or future business activities,
strategies, services or products, research and development; financial analysis and data; improvements, inventions, processes, techniques, designs or other technical data; profit margins and other financial information; fee arrangements; terms and
contents of leases, asset management agreements and other contracts; tenant and vendor lists or other compilations for marketing or development; confidential personnel and payroll information; or other information regarding administrative,
management, financial, marketing, leasing or sales activities of Playa Resorts or any Playa Affiliates or of a third party which provided proprietary information to either or both on a confidential basis. All such information, including any
materials or documents containing such information, shall be considered by Playa Resorts, the Playa Affiliates and Executive as proprietary and confidential information of Playa Resorts and the Playa Affiliates (the “Proprietary
Information”). 
 (b)    Exclusions. Notwithstanding the foregoing, Proprietary Information shall not
include (i) information disseminated by Playa Resorts or Playa Affiliates on a non-confidential basis to third parties in the ordinary course of business; (ii) information in the public domain not as
a result of a breach of any duty by Executive or any other person; or (iii) information that Playa Resorts or Playa Affiliates, as the case may be, does not consider confidential. 

(c)    Obligations. Both during the Employment Period and after termination of his employment for any reason,
including expiration of the Employment Period (the “Nondisclosure Restricted Period”), Executive shall preserve and protect the confidentiality of the Proprietary Information and all physical forms thereof, whether disclosed to him
before this Agreement is signed or afterward. In addition, Executive shall not (i) disclose or disseminate the Proprietary Information to any third party, including employees of Playa Resorts or Playa Affiliates without a legitimate business
need to know; (ii) remove the Proprietary Information from Playa Resorts’ or any of the Playa Affiliate’s premises without a valid business purpose; or (iii) use the Proprietary Information for his own benefit or for the benefit
of any third party, in each of the foregoing cases during the Nondisclosure Restricted Period. 
 (d)    Notice of
Immunity under the Economic Espionage Act of 1996, as amended by the Defend Trade Secrets Act of 2016 (“DTSA”) 

(i)    Notwithstanding any other provision of this Agreement, Executive shall not be held criminally or
civilly liable under any federal or state trade secret law for any disclosure of a trade secret that: 

(A)    is made: (1) in confidence to a federal, state, or local government official, either directly
or indirectly, or to an attorney; and (2) solely for the purpose of reporting or investigating a suspected violation of law; or 

(B)    is made in a complaint or other document that is filed under seal in a lawsuit or other proceeding.

 (ii)    Notwithstanding any other provision of this Agreement, if Executive files a lawsuit for
retaliation by Playa Resorts for reporting a suspected violation of law, 

  
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Executive may disclose the Playa Resorts’ trade secrets to Executive’s attorney and use the trade secret information in the court proceeding if Executive: 

(A)    files any document containing the trade secret under seal; and 

(B)    does not disclose the trade secret, except pursuant to court order. 

(e)    Communications with Government Agencies. Nothing in this Agreement or any other agreement between Playa
Resorts and Executive or any policy of Playa Management: 
 (i)    prohibits Executive from communicating
with the Equal Employment Opportunity Commission, the National Labor Relations Board, the Occupational Health and Safety Administration, the Securities and Exchange Commission, or any other government agency (each a “Government
Agency”) about a potential violation of the law; 
 (ii)    limits Executive’s ability,
without notice to or approval from Playa Resorts: 
  

	 	(A)	to file a charge or complaint with a Government Agency; 

  

	 	(B)	to participate in an investigation or proceeding conducted by a Government Agency; or 

  

	 	(C)	to provide information or documents to a Government Agency in connection with an investigation or proceeding. 

(iii)    restricts Executive’s right to receive a reward or incentive for information provided to a
Government Agency. 
 (f)    Return of Proprietary Information. Executive acknowledges that all the Proprietary
Information pre-existing, used or generated during the course of his employment by Playa Resorts is the property of Playa Resorts and the Playa Affiliates, as the case may be, and Executive holds and uses such
as a trustee for Playa Resorts or the Playa Affiliates and subject to Playa Resorts’ and the Playa Affiliates’ sole control. Executive shall deliver to Playa Resorts or the Playa Affiliates, as applicable, all documents and other tangibles
(including diskettes and other storage media) containing the Proprietary Information (x) at any time upon request by the Playa Resorts Board or the applicable Playa Affiliate during his Employment Period and (y) immediately upon
termination of the Employment Period. 
  

	8.	Noncompetition 

 The following definitions shall apply for the purpose of this
Section 8: 
 (i)    “Competing Business” shall mean
(a) acting as an owner or a lessee of hotels, convention facilities, conference centers or similar facilities; (b) asset or operational management for hotels, convention facilities, conference centers or similar facilities, or (c) any
other business that Playa Resorts or Playa Affiliates conducts or contemplates under such business plans as of the date of termination of the Employment Period. Notwithstanding any provision to the contrary in this Agreement, Competing Business
shall exclude: Executive’s ownership of five percent (5%) or less of the outstanding stock of any publicly traded corporation or other entity; or of an equity interest in any other entity approved by the Playa Resorts Board and listed on
Exhibit B hereto; or Executive’s service on the Board of Directors of any Playa Affiliate. 

  
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 (ii)    “Customer” shall mean any hotel,
conference center, lodging business, or real estate investment trust with which Playa Resorts or Playa Affiliates has an existing lease, sublease, or management contract. 

(iii)    “Prospective Customer” shall mean any person or entity to whom Executive or Playa
Resorts or any of the Playa Affiliates sent or delivered a written sales or servicing proposal, quote or contract, or with whom Executive or Playa Resorts or any of the Playa Affiliates had business contact for the purpose of developing that person
or entity into a customer of Playa Resorts or a Playa Affiliate. 
 (iv)    “Restricted
Area” shall mean within Mexico, the Dominican Republic and any other geographic area included in Playa Resorts’ and any Playa Affiliate’s business plans during the Employment Period. 

(v)    “Restricted Period” shall mean the Employment Period and a period of twelve
(12) months following the expiration, resignation or termination of Executive’s employment for any reason. 

(vi)    “Solicit” shall mean to knowingly solicit, call upon, or initiate communications
or contacts with a person or entity for the purpose of developing or continuing a business relationship. 

(a)    Restriction on Competition. During the Restricted Period, Executive shall not engage, directly or
indirectly, either individually or through another person or entity, whether as an owner, employee, consultant, partner, principal, agent, representative, stockholder or otherwise, of, in, to or for any Competing Business in the Restricted Area;
provided, however, that Executive may own less than five percent (5%) of the outstanding stock of any publicly traded corporation that engages in a Competing Business 

(b)    Non-Solicitation of Customers. During the Restricted Period,
Executive shall not Solicit, directly or indirectly, on his own behalf or on behalf of any other person(s), any Customer or Prospective Customer of Playa Resorts or any of the Playa Affiliates for any line of business that Playa Resorts or Playa
Affiliates conducts or plans to conduct as of the date of Executive’s termination of employment for the purpose of conducting, marketing or providing for a Competing Business. 

(c)    Non-Solicitation of Employees. During the Restricted Period,
Executive shall not, directly or indirectly, Solicit or employ or cause any business, other than an affiliate of Playa Resorts or Playa, to Solicit or employ any person who is then or was at any time during the two (2)-year period prior to
Executive’s termination as an employee of Playa Management or any of the Playa Affiliates and who is at the time of such employee’s separation from Playa Resorts or Playa Affiliates, a director, vice president, senior vice president,
executive vice president or similar position of Playa Resorts or any of the Playa Affiliates, except to the extent that such action is undertaken in the ordinary course of hiring practices (e.g., an employment solicitation that is transmitted
generally to the public or in the industry, rather than one that is targeted directly to any such Playa Resorts or Playa Affiliates’ employee). 

  
 11 

 (d)    Acknowledgement. Executive acknowledges that he will acquire
much Proprietary Information concerning the past, present and future business of Playa Resorts and the Playa Affiliates as the result of his employment with Playa Resorts, as well as access to the relationships between Playa Resorts, and the Playa
Affiliates and their respective clients and employees. Executive further acknowledges that the business of Playa Resorts and the Playa Affiliates is very competitive and that competition by him in that business during the Employment Period and the
Restricted Period would severely injure Playa Resorts and the Playa Affiliates, as the case may. Executive understands that the restrictions contained in this Section 8 are reasonable and are required for Playa
Resorts’ and the Playa Affiliates’ legitimate protection, and do not unduly limit his ability to earn a livelihood. 

(e)    Severability. If any court determines that any provision of this Section 8 is
invalid or unenforceable, the remainder of this Section 8 shall not thereby be affected and shall be given full effect, without regard to the invalid portion. In addition, if any court or arbitrator construes any portion of
this Section 8 to be unenforceable because of the duration of such provision or the area covered thereby, such court shall have the power to reduce the duration or area of such provision and, in its reduced form, such
provision shall then be enforceable and shall be enforced. This Section 8, as so amended, shall be valid and binding as though any invalid or unenforceable provision had not been included herein. 

(f)    Breach of Restrictive Covenants. Notwithstanding any arbitration provisions contained in this Agreement,
Playa Resorts and the Playa Affiliates shall have the right and remedy to have the provisions of this Section 8 specifically enforced by a court of competent jurisdiction without any requirement to first seek a remedy
through arbitration, including by temporary or permanent injunction, it being acknowledged and agreed that any such violation may cause irreparable injury to the Company and that money damages will not provide an adequate remedy to the Company. The
Company shall also have the right to seek damages for any breach of this Section 8. 

(g)    Successors and Assigns. Playa Resorts and its successors and assigns may enforce these restrictive
covenants. 
  

	9.	Employee Representations 

 Executive represents and warrants to Playa Resorts that he is
aware of the essential functions of his position set forth in Section 2 above, and that he is able to perform all of the essential functions of CFO with or without a reasonable accommodation under the law. Further, except
as otherwise identified in this Agreement, Executive is not now under any obligation of a contractual or other nature to any person, business or other entity which is inconsistent or in conflict with this Agreement or which would prevent him from
performing his obligations under this Agreement. 
  

	10.	Arbitration 

 (a)    Any disputes or claims between Playa Resorts and
Executive in any way concerning Executive’s employment, the termination of his employment hereunder, a breach of this Agreement, its enforcement or any other matter relating thereto shall be submitted at the initiative of either party to
mandatory arbitration in the Commonwealth of Virginia before a single arbitrator under the Federal Arbitration Act and pursuant to the Commercial Arbitration Rules of the American Arbitration Association, or its successor, then in effect. The
decision of the arbitrator shall be rendered in writing, shall be final, and may be entered as a judgment in any 

  
 12 

 
court in the Commonwealth of Virginia or elsewhere. The parties irrevocably consent to the jurisdiction of the federal and state courts located in Virginia for this purpose. Each party shall be
responsible for its or his own costs incurred in such arbitration and in enforcing any arbitration award, including attorneys’ fees and expenses. 

(b)    Notwithstanding the foregoing, Playa Resorts in its sole and absolute discretion, may bring an action in any court
of competent jurisdiction to seek injunctive relief, for damages and such other relief as Playa Resorts shall elect to enjoin, enforce or seek recovery for the breach of Executive’s covenants under this Agreement. Such covenants shall be
construed as agreements independent of any other provisions of this Agreement and the existence of any claim or cause of action Executive may have against Playa Resorts, whether based on this Agreement or otherwise, shall not constitute a defense to
the enforcement by Playa Resorts of such covenants. 
  

	11.	Miscellaneous 

 (a)    Parachute Payments. In the event that
(i) any severance payment, insurance benefits, accelerated vesting, pro-rated bonus or other benefit payable to Executive shall constitute a “parachute payment” within the meaning of Code
Section 280G (“Parachute Payment”) and be subject to the excise tax imposed by Code Section 4999 (the “Excise Tax”), and (ii) if the payments to Executive were reduced to the minimum extent necessary
so that such payments did not constitute Parachute Payments, the net benefits retained by Executive after the deduction of any federal, state or local income taxes would be greater than the net benefits retained by Executive if there was no such
reduction after the deduction of Excise Tax and any federal, state or local income taxes, then such payments shall be so reduced. Such reduction shall be accomplished in any manner deemed appropriate by Playa Resorts after consultation with
Executive. For purposes of making the foregoing determination: (1) Parachute Payments provided under arrangements with Executive other than this Agreement, if any, shall be taken into account in determining the total amount of Parachute
Payments received by Executive so that the amount of Parachute Payments that are attributable to provisions of this Agreement is maximized; and (2) Executive shall be deemed to pay federal, state and local income taxes at the highest marginal
rate of taxation for Executive’s taxable year in which the Parachute Payments are includable in Executive’s income for purposes of federal, state and local income taxation. The determination of whether the Excise Tax is payable, and the
amount of any reduction necessary to make the Excise Tax not payable, as well as whether such a reduction would result in greater after-tax benefits to Executive, shall be made in writing in good faith by a
nationally-recognized independent certified public accounting firm approved by Playa Resorts and Executive, such approval not to be unreasonably withheld (the “Accounting Firm”). For purposes of making the calculations required by
this Section 11(a), to the extent not otherwise specified herein, reasonable assumptions and approximations may be made with respect to applicable taxes and reasonable, good faith interpretations of the Code may be relied
upon. Playa Resorts and Executive shall furnish such information and documents as may be reasonably requested in connection with the performance of the calculations under this Section 11(a). Playa Resorts shall bear all
costs incurred in connection with the performance of the calculations contemplated by this Section 11(a). 

(b)    Section 409A Compliance. Notwithstanding anything to the contrary in this Agreement, in-kind benefits and reimbursements provided under this Agreement shall be provided in accordance with the requirements of Treasury Regulation Section 1.409A-3(i)(1)(iv),
such that any in-kind benefits and reimbursements provided under this Agreement during any calendar year shall not affect in-kind benefits or reimbursements to be
provided in any other 

  
 13 

 
calendar year, other than an arrangement providing for the reimbursement of medical expenses referred to in Code Section 105(b), and any in-kind
benefits and reimbursements shall not be subject to liquidation or exchange for another benefit. Notwithstanding anything to the contrary in this Agreement, reimbursement requests must be timely submitted by Executive and, if timely submitted,
reimbursement payments shall be promptly made to Executive following such submission, but in no event later than December 31st of the calendar year following the calendar year in which the expense was incurred. In no event shall Executive be
entitled to any reimbursement payments after December 31st of the calendar year following the calendar year in which the expense was incurred. 

Notwithstanding anything to the contrary in this Agreement, to the maximum extent permitted by applicable law, amounts payable to Executive
pursuant to the severance pay provisions of Section 6 above and the parachute payment provisions of Section 11(a) above are intended to be exempt from treatment as nonqualified deferred
compensation under Code Section 409A to the maximum extent permitted by the Code and applicable Treasury Regulations, including exemptions under Treasury Regulation Section 1.409A-1(b)(9) (separation
pay plans) or Treasury Regulation Section 1.409A-1(b)(4) (short-term deferrals). If Executive is treated as a “specified employee” (as determined by the Playa Resorts in its discretion in
accordance with applicable regulations under Code Section 409A) at the time of his separation from service (within the meaning of Code Section 409A) from Playa Resorts and each employer treated as a single employer with Playa Resorts under
Code Section 414(b) or (c) (provided that in applying such Sections and in accordance with the rules of Treasury Regulations Section 1.409A-1(h)(3), the language “at least 50
percent” shall be used instead of “at least 80 percent”) and if any amounts of nonqualified deferred compensation (within the meaning of Code Section 409A) are payable under this Agreement by reason of Executive’s separation
from service, then payment of the amounts so treated as nonqualified deferred compensation which would otherwise be payable during the six (6)-month period following Executive’s separation from service shall be delayed until the earlier of
(i) the first business day which is at least six (6) months and one (1) day following the date of such separation from service, (ii) the death of Executive, or (iii) such earlier date on which payment is permitted under Code
Section 409A(a)(2)(B), and such payment shall be increased for delayed payment based on a crediting rate of the applicable federal short-term rate under Code Section 1274(d) (as determined on the date(s) payment(s) would have otherwise
been made) from the date payment(s) would have otherwise been made without regard to this provision and the date payment is actually made. Any series of payments due under this Agreement, other than a payment which is a life annuity, shall for all
purposes of Code Section 409A be treated as a series of separate payments and not as a single payment. If any amount otherwise payable under this Agreement by reason of a termination of employment from Playa Resorts is treated as nonqualified
deferred compensation (within the meaning of Code Section 409A), then instead of making such payment upon occurrence of the termination of employment, such payment shall be made at such time as Executive has a separation from service (within
the meaning of Code Section 409A) from Playa Resorts and each employer treated as a single employer with Playa Resorts, as determined above. 

(c)    Notices. All notices required or permitted under this Agreement shall be in writing and shall be deemed
effective (i) upon personal delivery, (ii) upon deposit with the United States Postal Service, by registered or certified mail, postage prepaid or (iii) in the case of 

  
 14 

 
facsimile transmission or delivery by nationally recognized overnight deliver service, when received, addressed as follows: 

 

	 	(i)	If to Playa Resorts, to: 

 Playa Resorts Management, LLC 

3950 University Drive 
 Suite
301 
 Fairfax, Virginia 22030 

Attention: General Counsel 
 Fax
No. 571-529-6091 
  

	 	(ii)	If to Executive, to: 

 Ryan Hymel 

47273 Ox Bow Circle 
 Sterling,
VA 20165 
 or to such other address or addresses as either party shall designate to the other in writing from time to time by like notice.

 (d)    Pronouns. Whenever the context may require, any pronouns used in this Agreement shall include the
corresponding masculine, feminine or neuter forms, and the singular forms of nouns and pronouns shall include the plural, and vice versa. 

(e)    Entire Agreement. This Agreement constitutes the entire agreement between the parties and supersedes all
prior agreements and understandings, whether written or oral, relating to the subject matter of this Agreement. 

(f)    Amendment. This Agreement may be amended or modified only after approval by the Playa Resorts Board and by a
written instrument executed by both Playa Resorts and Executive. 
 (g)    Governing Law. This Agreement shall be
construed, interpreted, and enforced in accordance with the laws of the Commonwealth of Virginia, without regard to its conflicts of laws principles. 

(h)    Successors and Assigns; Change in Control. This Agreement shall be binding upon and inure to the benefit of
both parties and each of its successors and assigns, including any entity with which or into which Playa Resorts may be merged or which may succeed to its assets or business or any entity to which Playa Resorts may assign its rights and obligations
under this Agreement; provided, however, that the obligations of Executive are personal and shall not be assigned or delegated by him. 

(i)    Waiver. No delays or omission by Playa Resorts or Executive in exercising any right under this Agreement
shall operate as a waiver of that or any other right. A waiver or consent given by Playa Resorts or Executive on any one (1) occasion shall be effective only in that instance and shall not be construed as a bar or waiver of any right on any
other occasion. 
 (j)    Captions. The captions appearing in this Agreement are for convenience of reference
only and in no way define, limit or affect the scope or substance of any section of this Agreement. 

  
 15 

 (k)    Severability. In case any provision of this Agreement shall be
held by a court or arbitrator with jurisdiction over the parties to this Agreement to be invalid, illegal or otherwise unenforceable, such provision shall be restated to reflect as nearly as possible the original intentions of the parties in
accordance with applicable law, and the validity, legality and enforceability of the remaining provisions shall in no way be affected or impaired thereby. 

(l)    Counterparts. This Agreement may be executed in one (1) or more counterparts, each of which shall be
deemed an original but all of which together shall constitute one (1) and the same instrument. 

(m)    Survival. The provisions of Sections 7 through 11 of this Agreement shall survive any
termination of Executive’s employment. 
  

	12.	Approvals 

 The effectiveness of this Agreement is subject to the approval of the Playa
Board. Delivery of this Agreement executed by Playa Resorts to Executive shall be deemed conclusive evidence of such approval and upon such approval this Agreement shall be deemed effective as of the Effective Date. 

 

	13.	No Other Employment or Compensation 

 Executive (x) represents and warrants to Playa
Resorts and the other Playa Affiliates that, and (y) agrees that during the Employment Period, (a) he is not and shall not be a party to any employment agreement or directly or indirectly involved in any employment or consulting
arrangement or relationship with Playa Resorts or any other Playa Affiliate, except for this Agreement and as expressly permitted hereunder, and (b) he is not and shall not be directly or indirectly receiving any compensation, fees or payments
of any other kind in exchange for any employment, consulting or other services provided to Playa Resorts or any other Playa Affiliate, except as provided under this Agreement and as expressly permitted hereunder. 

IN WITNESS WHEREOF, the parties have executed this Agreement as of the Agreement Date. 

 

							
	EXECUTIVE:	 		 	PLAYA RESORTS MANAGEMENT, LLC
				
	 /s/ Ryan Hymel
	 		 	By:	 	 /s/ Bruce D. Wardinski

	Ryan Hymel	 		 		 	Bruce D. Wardinski
		 		 		 	Its Authorized Representative

  
 16 

 Exhibit A 

Separation and General Release Agreement 

This Separation Agreement (“Agreement”) is entered as of
                                        , between
Ryan Hymel (hereinafter referred to as “Executive”) and Playa Resorts Management, LLC, a Delaware limited liability company (hereinafter referred to as the “Company”). Executive and the Company collectively are
referred to as the “Parties,” and individually are referred to as a “Party.” 
 RECITALS 

WHEREAS, Executive was employed by the Company pursuant to the terms of employment agreement dated
            , 2017 (the “Employment Agreement”); and 

WHEREAS, Executive’s employment has terminated effective
                     pursuant to Section
                     of the Employment Agreement; and 

WHEREAS, Executive is entitled to certain post-termination payments contingent upon his execution of this Agreement; and 

NOW, THEREFORE, in consideration of the promises, the performance of the covenants and agreements hereinafter contained, and for other
good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows: 

1.    Adoption of Recitals. The Parties hereto adopt the above recitals as being true and correct, and they
are incorporated herein as material parts of this Agreement. 
 2.    Severance Benefits. 

a.    Provided that Executive signs and returns this Agreement to the Company without revoking it, and complies with the
material terms of this Agreement, the Company will provide the following Severance Benefits:
                                         pursuant
to Section 6     of the Employment Agreement. 
 b.    Payments upon Separation. All
payments in connection with a separation from service under this Agreement shall be made as of the latest of the following dates: (i) the sixtieth (60th) day following the termination of Executive’s employment and his delivery without
revocation of the executed Agreement; (ii) to the extent required under Section 11(a) of the Employment Agreement, the first business day that is six (6) months following Executive’s separation from service; or (iii) the
payment date required under the terms of any deferred compensation plan subject to the requirements of the Internal Revenue Code (“Code”) Section 409A. Amounts otherwise payable prior to these dates shall be delayed pursuant to
this provision. Executive shall not retain the ability to elect the tax year of any payments under this Agreement and to the extent any payment could be made in one (1) of two (2) tax years, such payment shall be made in the later tax
year. All payments under this Agreement shall be subject to all applicable federal, state and local tax withholding. 

  
 1 

 c.    Section 409A Compliance. Notwithstanding
anything to the contrary in this Agreement, in-kind benefits and reimbursements provided under this Agreement shall be provided in accordance with the requirements of Treasury Regulation Section 1.409A-3(i)(1)(iv), such that any in-kind benefits and reimbursements provided under this Agreement during any calendar year shall not affect in-kind benefits or reimbursements to be provided in any other calendar year, other than an arrangement providing for the reimbursement of medical expenses referred to in Code Section 105(b), and any in-kind benefits and reimbursements shall not be subject to liquidation or exchange for another benefit. Notwithstanding anything to the contrary in this Agreement, reimbursement requests must be timely submitted by
Executive and, if timely submitted, reimbursement payments shall be promptly made to Executive following such submission, but in no event later than December 31st of the calendar year following the calendar year in which the expense was incurred. In
no event shall Executive be entitled to any reimbursement payments after December 31st of the calendar year following the calendar year in which the expense was incurred. 

Notwithstanding anything to the contrary in this Agreement, to the maximum extent permitted by applicable law, amounts payable to Executive
pursuant to the severance pay provisions of Section 6 of the Employment Agreement and the parachute payment provisions of Section 11(a) of the Employment Agreement are intended to be exempt from treatment as nonqualified deferred
compensation under Code Section 409A to the maximum extent permitted by the Code and applicable Treasury Regulations, including exemptions under Treasury Regulation Section 1.409A-1(b)(9) (separation
pay plans) or Treasury Regulation Section 1.409A-1(b)(4) (short-term deferrals). If Executive is treated as a “ specified employee ” (as determined by the Company in its discretion in accordance
with applicable regulations under Code Section 409A) at the time of his separation from service (within the meaning of Code Section 409A) from the Company and each employer treated as a single employer with the Company under Code
Section 414(b) or (c) (provided that in applying such Sections and in accordance with the rules of Treasury Regulations Section 1.409A-1(h)(3), the language “at least 50 percent”
shall be used instead of “at least 80 percent”) and if any amounts of nonqualified deferred compensation (within the meaning of Code Section 409A) are payable under this Agreement by reason of Executive’s separation from service,
then payment of the amounts so treated as nonqualified deferred compensation which would otherwise be payable during the six (6)-month period following Executive ’s separation from service shall be delayed until the earlier of (i) the
first business day which is at least six (6) months and one (1) day following the date of such separation from service, (ii) the death of Executive, or (iii) such earlier date on which payment is permitted under Code
Section 409A(a)(2)(B), and such payment shall be increased for delayed payment based on a crediting rate of the applicable federal short-term rate under Code Section 1274(d) (as determined on the date(s) payment(s) would have otherwise
been made) from the date payment(s) would have otherwise been made without regard to this provision and the date payment is actually made. Any series of payments due under this Agreement, other than a payment which is a life annuity, shall for all
purposes of Code Section 409A be treated as a series of separate payments and not as a single payment. If any amount otherwise payable under this Agreement by reason of a termination of employment from the Company is treated as nonqualified
deferred compensation (within the meaning of Code Section 409A), then instead of making such payment upon occurrence of the termination of employment, such payment shall be made at such time as Executive has a separation from service (within
the meaning of Code Section 409A) from the Company and each employer treated as a single employer with the Company, as determined above. 

3.    Release. In consideration of the Severance Benefits, Executive hereby fully, forever,
irrevocably and unconditionally releases, remises and discharges Playa Resorts 

  
 2 

 
Management, LLC, Playa Hotel & Resorts, B.V., Playa Management USA, LLC, and their related affiliates, subsidiaries, parents, predecessors, and successors, and all of their respective
past and present officers, directors, stockholders, partners, members, executives, agents, representatives, plan administrators, attorneys, insurers and fiduciaries (each in their individual and corporate capacities) (collectively, the
“Released Parties”) from any and all claims, charges, complaints, demands, actions, causes of action, suits, rights, debts, sums of money, costs, accounts, reckonings, covenants, contracts, agreements, promises, doings, omissions,
damages, executions, obligations, liabilities, and expenses (including attorneys’ fees and costs), of every kind and nature that Executive ever had or now has against any or all of the Released Parties, including, but not limited to, any and
all claims arising out of or relating to Executive’s employment with and/or separation from the Company, including, but not limited to, all claims under Title VII of the Civil Rights Act of 1964, the Americans With Disabilities Act of 1990, the
Age Discrimination in Employment Act, the Genetic Information Nondiscrimination Act of 2008, the Family and Medical Leave Act, the Worker Adjustment and Retraining Notification Act, Section 806 of the Corporate and Criminal Fraud Accountability
Act of 2002, the Rehabilitation Act of 1973, Executive Order 11246, Executive Order 11141, the Fair Credit Reporting Act, Sections 1981 and 1983 of the Civil Rights Act of 1866, Sections 1981 through 1988 of Title 42 of the United States Code, as
amended, the Immigration Reform and Control Act, the Equal Pay Act, any local, state, federal or foreign whistleblower statute, regulation, ordinance or law, including the Florida Whistleblower Act of 1986 and 1991, the Fair Labor Standards Act, the
Consolidated Omnibus Reconciliation Act, the Occupational Safety and Health Act, the Fair Credit Reporting Act, the Older Workers’ Benefits Protection Act, and the Executive Retirement Income Security Act of 1974, the Florida Civil Rights Act,
the Virginia Human Rights Act, the Virginians with Disabilities Act, the Virginia Equal Pay Act, the Virginia Genetic Testing Law, the Virginia Occupational Safety and Health Act, the Virginia Minimum Wage Act, the Virginia Payment of Wage Law, the
Virginia Right to Work Law, all as amended; any foreign, federal, state and/or local law, statute, regulation or ordinance prohibiting discrimination, retaliation and/or harassment or governing wage or commission payment claims; all common law
claims including, but not limited to, actions in defamation, intentional infliction of emotional distress, misrepresentation, fraud, wrongful discharge, and breach of contract; all claims to any non-vested
ownership interest in the Company, contractual or otherwise, and any claim or damage arising out of Executive’s employment with and/or separation from the Company (including a claim for retaliation) under any common law theory or any federal,
state or local statute or ordinance not expressly referenced above. Executive understands that, by releasing all of Executive’s legally waivable claims, known or unknown, against the Released Parties, Executive is releasing all of
Executive’s rights to bring any claims against any of them based on any actions, decisions or events occurring through the date Executive signs this Agreement including the terms and conditions of Executive’s employment and the termination
of Executive’s employment. 
 Nothing in this Section 3 shall be construed to prohibit Executive from contacting, filing a charge or
participating in any proceeding or investigation by the U.S. Equal Employment Opportunity Commission (the “EEOC”), the Department of Labor (the “DOL”), the National Labor Relations Board (the “NLRB”), the Occupational
Health and Safety Administration (“OSHA”), or comparable state or local agency. Notwithstanding the foregoing, Executive waives any right to recover monetary damages in any charge, complaint, or lawsuit filed by Executive or on
Executive’s behalf by the EEOC, DOL, NLRB, or OSHA, or comparable state or local agency. 

4.    Continuing Obligations. Executive acknowledges and reaffirms Executive’s obligation to
keep confidential and not to disclose any and all non-public information concerning the Company that Executive acquired during the course of Executive’s employment with the

  
 3 

 
Company, including, but not limited to, any non-public information concerning the Company’s business affairs, business prospects, and financial
condition. Executive further acknowledges and reaffirms Executive’s obligations set forth in the Sections 7 and 8 of the Employment Agreement, which remain in full force and effect. 

5.    Cooperation. Following Executive’s termination or resignation, Executive shall assist and
cooperate with the Company in the orderly transition of work to others if so requested by the Company. Executive shall cooperate with the Company and be responsive to requests for information relating to business matters about which Executive may
have information or knowledge and reasonably assist the Company, as the case may be, with any litigation, threatened litigation or arbitration proceeding relating to the Company’s business as to which business Executive had relevant knowledge,
and the Company shall reimburse Executive for reasonable costs, including attorneys’ fees and expenses, actually incurred by Executive in connection with such assistance. 

6.    Non-disparagement. Executive understands and agrees
that as a condition for the consideration herein described, Executive shall not make any false, disparaging or derogatory statements to any person or entity, including any media outlet, regarding the Company or any of its affiliates, subsidiaries,
directors, officers, Executives, agents or representatives or about the Company’s or its subsidiaries’ business affairs and/or financial condition. Executive understands and agrees that Executive’s commitment not to defame, disparage,
or impugn Company’s reputation constitutes a willing and voluntary waiver of Executive’s rights under the First Amendment of the United States Constitution and other laws. Nothing in this Agreement or any other agreement between the
Company and Executive or any Company policy: 
 (i)    prohibits Executive from communicating with the
EEOC, the NLRB, the OSHA, the SEC, or any other government agency (each a “Government Agency”) about a potential violation of the law; 

(ii)    limits Executive’s ability to, without notice to or approval from the Company: 

 

	 	(D)	file a charge or complaint with a Government Agency, 

  

	 	(E)	participate in an investigation or proceeding conducted by a Government Agency, or 

  

	 	(F)	provide information or documents to a Government Agency in connection with an investigation or proceeding; or 

(iii)    restricts Executive’s right to receive a reward or incentive for information provided to a
Government Agency. 
 7.    Amendment and Waiver. This Agreement shall be binding
upon the Parties and may not be modified in any manner, except by an instrument in writing of concurrent or subsequent date signed by duly authorized representatives of the Parties hereto. This Agreement is binding upon and shall inure to the
benefit of the Parties and their respective agents, assigns, heirs, executors, successors and administrators. No delay or omission by the Company or Executive in exercising any right under this Agreement shall operate as a waiver of that or any
other right. A waiver or consent given by the Company on any one occasion shall be effective only in that instance and shall not be construed as a bar to or waiver of any right on any other occasion. 

  
 4 

 8.    Validity. Should any provision of this Agreement
be declared or be determined by any court of competent jurisdiction to be illegal or invalid, the validity of the remaining parts, terms or provisions shall not be affected thereby and said illegal or invalid part, term or provision shall be deemed
not to be a part of this Agreement. 
 9.    Nature of Agreement. Executive understands and agrees
that this Agreement is a separation agreement and does not constitute an admission of liability or wrongdoing on the part of the Company. 

10.    Representations. Executive represents and warrants that, as of the date Executive signs this
Agreement, Executive knows of no legal or regulatory violations or illegal or improper conduct on the part of the Company or any of the Released Parties or any instance of their respective failures to comply with applicable laws, regulations, or
Company policy. 
 11.    Acknowledgments. Executive acknowledges that Executive has been given at
least 21 days to consider this Agreement, and that the Company advised Executive to consult with an attorney of Executive’s own choosing prior to signing this Agreement. Executive understands that Executive may revoke this Agreement for a
period of seven (7) days after Executive signs this Agreement by notifying the Company’s General Counsel, in writing, and the Agreement shall not be effective or enforceable until the expiration of the Revocation Period. Executive
understands and agrees that by entering into this Agreement, Executive is waiving any and all rights or claims Executive might have under the Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act, and that
Executive has received consideration beyond that to which Executive was previously entitled. 
 12.    Tax
Provision. In connection with the separation benefits to be provided to Executive pursuant to the Employment Agreement, the Company shall withhold and remit to the tax authorities the amounts required under applicable law, and
Executive shall be responsible for any and all applicable taxes with respect to such payments under applicable law. Executive acknowledges that Executive is not relying upon the advice or representation of the Company with respect to the tax
treatment of any of the payments set forth in the Employment Agreement. 
 13.    Voluntary Assent.
Executive affirms that no other promises or agreements of any kind have been made to or with Executive by any person or entity whatsoever to cause Executive to sign this Agreement, and that Executive fully understands the meaning and intent of
this Agreement. Executive states and represents that Executive had an opportunity to fully discuss and review the terms of this Agreement with an attorney. Executive further states and represents that Executive has carefully read this Agreement,
understands the contents herein, freely and voluntarily assents to all of the terms and conditions hereof and signs Executive’s name of Executive’s own free act. 

14.    Entire Agreement. This Agreement and Sections 7 through 12 of the Employment Agreement, which survive
termination of Executive’s employment with the Company, contain and constitute the entire understanding and agreement between Executive and the Company and supersede and cancel any other previous oral and written negotiations, agreements, and
commitments between the Parties. 

  
 5 

 15.    Arbitration. 

a.    Any disputes or claims between the Company and Executive in any way concerning Executive’s employment, the
termination of his employment under the Employment Agreement, a breach of this Agreement, its enforcement or any other matter relating thereto shall be submitted at the initiative of either Party to mandatory arbitration in the Commonwealth of
Virginia before a single arbitrator under the Federal Arbitration Act and pursuant to the Commercial Arbitration Rules of the American Arbitration Association, or its successor, then in effect. The decision of the arbitrator shall be rendered in
writing, shall be final, and may be entered as a judgment in any court in the Commonwealth of Virginia or elsewhere. The Parties irrevocably consent to the jurisdiction of the federal and state courts located in Virginia for this purpose. Each Party
shall be responsible for its or his own costs incurred in such arbitration and in enforcing any arbitration award, including attorneys’ fees and expenses. 

b.    Notwithstanding the foregoing, the Company in its sole and absolute discretion, may bring an action in any court of
competent jurisdiction to seek injunctive relief, for damages and such other relief as the Company shall elect to enjoin, enforce or seek recovery for the breach of Executive’s covenants under the Employment Agreement. Such covenants shall be
construed as agreements independent of any other provisions of the Employment Agreement and the existence of any claim or cause of action Executive may have against the Company, whether based on this Agreement or otherwise, shall not constitute a
defense to the enforcement by the Company of such covenants. 
 IN WITNESS WHEREOF, the Parties have executed this Agreement as of
the Agreement Date. 
  

							
	EXECUTIVE	 		 	PLAYA RESORTS MANAGEMENT, LLC
				
	  
	 		 	By:	 	                                     
                                         
             
		 		 	Print Name:
                                         
                                         

		 		 	Title:	 	                                     
                                         
             

  
 6Exhibit 10.1

 

Execution Version

 

FORWARD PURCHASE AGREEMENT

 

This Forward Purchase Agreement (this “Agreement”) is entered into as of August 16, 2017, between Silver Run Acquisition Corporation II, a Delaware corporation (the “Company”), and Riverstone VI SR II Holdings, L.P., a Delaware limited partnership (the “Purchaser”).

 

Recitals

 

WHEREAS, the Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (a “Business Combination”);

 

WHEREAS, the Company completed its initial public offering (“IPO”) of 103,500,000 units (the “Public Units”), at a price of $10.00 per Public Unit, each Public Unit comprised of one share of the Company’s Class A common stock, par value $0.0001 per share (the “Class A Shares,” and the Class A Shares included in the Public Units, the “Public Shares”), and one-third of one redeemable warrant, where each whole redeemable warrant is exercisable to purchase one Class A Share at an exercise price of $11.50 per share (the “Warrants,” and the Warrants included in the Public Units, the “Public Warrants”);

 

WHEREAS, in connection with the IPO, the Company and the Purchaser entered into that certain Forward Purchase Agreement, dated as March 17, 2017 (the “Original Forward Purchase Agreement”), pursuant to which immediately prior to the closing of the Company’s initial Business Combination (the “Business Combination Closing”), the Company would issue and sell to the Purchaser, and the Purchaser would purchase from the Company, on a private placement basis, an aggregate of up to 40,000,000 Class A Shares plus an aggregate of up to 13,333,333 warrants for an aggregate purchase price of up to $400,000,000;

 

WHEREAS, on the date hereof, the Company has executed the following agreements relating to a proposed Business Combination transaction (collectively, the “Proposed Business Combination”):

 

1.              that certain Contribution Agreement (the “Alta Mesa Contribution Agreement”), by and among High Mesa Holdings, L.P., a Delaware limited partnership (“High Mesa Holdings”), High Mesa Holdings GP, LLC, a Texas limited liability company, Alta Mesa Holdings, LP, a Texas limited partnership (“Alta Mesa”), Alta Mesa Holdings GP, LLC, a Texas limited liability company and the general partner of Alta Mesa (“Alta Mesa GP”), the Company and, solely for certain provisions therein, the Contributor Owners (as defined therein), pursuant to which the Company will acquire (i) all of the limited partner interests in Alta Mesa held by High Mesa Holdings and (ii) 100% of the economic interests and 90% of the voting interests in Alta Mesa GP, on the terms and subject to the conditions set forth therein;

 

 

2.              that certain Contribution Agreement (the “Kingfisher Contribution Agreement”) by and among KFM Holdco, LLC, a Delaware limited liability company, Kingfisher Midstream, LLC, a Delaware limited liability company (“Kingfisher”), the Company and, solely for certain provisions therein, the Contributor Members (as defined therein), pursuant to which the Company will acquire 100% of the issued and outstanding membership interests in Kingfisher, on the terms and subject to the conditions set forth therein; and

 

3.              that certain Contribution Agreement by and between Riverstone VI Alta Mesa Holdings, L.P., a Delaware limited partnership (“Riverstone AM”), and the Company, pursuant to which the Company will acquire all of the limited partner interests in Alta Mesa held by Riverstone; and

 

WHEREAS, the parties wish to enter into this Agreement, pursuant to which immediately prior to the closing of the Proposed Business Combination, the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, on a private placement basis, the number of Forward Purchase Shares (as defined below) determined pursuant to Section 1(a)(ii) hereof, on the terms and conditions set forth herein, which shall be in addition to any securities purchased by the Purchaser pursuant to the terms of the Original Forward Purchase Agreement.

 

NOW, THEREFORE, in consideration of the premises, representations, warranties and the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

 

Agreement

 

1.                                                                                      Sale and Purchase.

 

(a)                                 Forward Purchase Shares.

 

(i)                                     The Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, that number of Class A Shares (the “Forward Purchase Shares”), up to a maximum of 20,000,000 Class A Shares (the “Maximum Shares”), determined as set forth in clause 1(a)(ii), for an aggregate purchase price of $10.00 per Class A Share (the “Forward Purchase Price”), or up to a maximum of $200,000,000 in the aggregate.

 

(ii)                                  The number of Forward Purchase Shares to be issued and sold by the Company and purchased by the Purchaser hereunder shall equal that number which, after payment of the aggregate Forward Purchase Price by the Purchaser, will result in net proceeds to the Company in an aggregate amount necessary to satisfy the Company’s aggregate payment obligations (that the Company is not otherwise able to satisfy such obligations with available cash) resulting from the exercise by any holder of Public Shares of such holder’s redemption right in connection with the Proposed Business Combination (the “Redemption Obligation”).  Following the Company’s satisfaction of the Redemption Obligation in full, and only following such satisfaction in full, a number of Forward Purchase Shares may be issued and sold by the

 

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Company and purchased by the Purchaser hereunder equal to that number which, after payment of the aggregate Forward Purchase Price by the Purchaser for such Forward Purchase Shares, will result in gross proceeds to the Company in an aggregate amount reasonably determined by the Company and the Purchaser to be necessary for general corporate purposes of the Company in connection with or following consummation of the Proposed Business Combination.  Notwithstanding anything to the contrary in this Agreement, in no event shall the number of Forward Purchase Shares purchased hereunder exceed the Maximum Shares.  Each of the Company and the Purchaser acknowledges and agrees that sales of Forward Purchase Shares under this Agreement, not the Original Forward Purchase Agreement, shall be the Company’s first resort for satisfying its Redemption Obligation; provided, however, that if the minimum cash condition in Section 8.8 of the Kingfisher Contribution Agreement can be satisfied with cash otherwise available to the Company, then sales of units under the Original Forward Purchase Agreement shall first be used to satisfy the Company’s Redemption Obligation.

 

(iii)                               The Company shall require the Purchaser to purchase the Forward Purchase Shares by delivering notice to the Purchaser, at least three (3) Business Days before the Business Combination Closing, specifying the number of Forward Purchase Shares the Purchaser is required to purchase, the date of the Business Combination Closing, the aggregate Forward Purchase Price and instructions for wiring the Forward Purchase Price. The closing of the sale of Forward Purchase Shares (the “Forward Closing”) shall be held on the same date and immediately prior to the Business Combination Closing (such date being referred to as the “Forward Closing Date”). At least one (1) Business Day prior to the Forward Closing Date, the Purchaser shall deliver to the Company, to be held in escrow until the Forward Closing, the Forward Purchase Price for the Forward Purchase Shares by wire transfer of U.S. dollars in immediately available funds to the account specified by the Company in such notice. Immediately prior to the Forward Closing on the Forward Closing Date, (a) the Forward Purchase Price shall be released from escrow automatically and without further action by the Company or the Purchaser, and (b) upon such release, the Company shall issue the Forward Purchase Shares to the Purchaser in book-entry form, free and clear of any liens or other restrictions whatsoever (other than those arising under state or federal securities laws), registered in the name of the Purchaser (or its nominee in accordance with its delivery instructions), or to a custodian designated by the Purchaser, as applicable. In the event the Business Combination Closing does not occur on the date scheduled for closing, the Forward Closing shall not occur and the Company shall promptly (but not later than one (1) Business Day thereafter) return the Forward Purchase Price to the Purchaser. For purposes of this Agreement, “Business Day” means any day, other than a Saturday or a Sunday, that is neither a legal holiday nor a day on which banking institutions are generally authorized or required by law or regulation to close in the City of New York, New York.

 

(b)                                 Legends. Each book entry for the Forward Purchase Shares shall contain a notation, and each certificate (if any) evidencing the Forward Purchase Shares shall be stamped or otherwise imprinted with a legend, in substantially the following form:

 

“THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION, AND MAY NOT BE

 

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TRANSFERRED IN VIOLATION OF SUCH ACT AND LAWS. THE SALE, PLEDGE, HYPOTHECATION, OR TRANSFER OF THE SECURITIES REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN FORWARD PURCHASE AGREEMENT BY AND AMONG THE HOLDER AND THE COMPANY. COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY.”

 

2.                                      Representations and Warranties of the Purchaser. The Purchaser represents and warrants to the Company as follows, as of the date hereof:

 

(a)                                 Organization and Power. The Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

 

(b)                                 Authorization. The Purchaser has full power and authority to enter into this Agreement. This Agreement, when executed and delivered by the Purchaser, will constitute the valid and legally binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and any other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies, or (iii) to the extent the indemnification provisions contained in the Registration Rights (as defined below) may be limited by applicable federal or state securities laws.

 

(c)                                  Governmental Consents and Filings. No consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any federal, state or local governmental authority is required on the part of the Purchaser in connection with the consummation of the transactions contemplated by this Agreement.

 

(d)                                 Compliance with Other Instruments. The execution, delivery and performance by the Purchaser of this Agreement and the consummation by the Purchaser of the transactions contemplated by this Agreement will not result in any violation or default (i) of any provisions of its organizational documents, (ii) of any instrument, judgment, order, writ or decree to which it is a party or by which it is bound, (iii) under any note, indenture or mortgage to which it is a party or by which it is bound, (iv) under any lease, agreement, contract or purchase order to which it is a party or by which it is bound or (v) of any provision of federal or state statute, rule or regulation applicable to the Purchaser, in each case (other than clause (i)), which would have a material adverse effect on the Purchaser or its ability to consummate the transactions contemplated by this Agreement.

 

(e)                                  Purchase Entirely for Own Account. This Agreement is made with the Purchaser in reliance upon the Purchaser’s representation to the Company, which by the Purchaser’s execution of this Agreement, the Purchaser hereby confirms, that the Forward Purchase Shares to be acquired by the Purchaser will be acquired for investment for the Purchaser’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof in

 

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violation of any state or federal securities laws, and that the Purchaser has no present intention of selling, granting any participation in, or otherwise distributing the same in violation of law. By executing this Agreement, the Purchaser further represents that the Purchaser does not presently have any contract, undertaking, agreement or arrangement with any Person to sell, transfer or grant participations to such Person or to any third Person, with respect to any of the Forward Purchase Shares. For purposes of this Agreement, “Person” means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization, any other entity or any government or any department or agency thereof.

 

(f)                                   Disclosure of Information. The Purchaser has had an opportunity to discuss the Company’s business, management, financial affairs and the terms and conditions of the offering of the Forward Purchase Shares, as well as the terms of the Proposed Business Combination, with the Company’s management.

 

(g)                                  Restricted Securities. The Purchaser understands that the offer and sale of the Forward Purchase Shares to the Purchaser has not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), by reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of the Purchaser’s representations as expressed herein. The Purchaser understands that the Forward Purchase Shares are “restricted securities” under applicable U.S. federal and state securities laws and that, pursuant to these laws, the Purchaser must hold the Forward Purchase Shares indefinitely unless they are registered with the SEC and qualified by state authorities, or an exemption from such registration and qualification requirements is available. The Purchaser acknowledges that the Company has no obligation to register or qualify the Forward Purchase Shares for resale, except as provided herein (the “Registration Rights”). The Purchaser further acknowledges that if an exemption from registration or qualification is available, it may be conditioned on various requirements including, but not limited to, the time and manner of sale, the holding period for the Forward Purchase Shares, and on requirements relating to the Company which are outside of the Purchaser’s control, and which the Company is under no obligation and may not be able to satisfy.

 

(h)                                 High Degree of Risk. The Purchaser understands that its agreement to purchase the Forward Purchase Shares involves a high degree of risk which could cause the Purchaser to lose all or part of its investment.

 

(i)                                     Accredited Investor. The Purchaser is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act.

 

(j)                                    No General Solicitation. Neither the Purchaser, nor any of its officers, directors, employees, agents, stockholders or partners has either directly or indirectly, including, through a broker or finder (i) engaged in any general solicitation, or (ii) published any advertisement in connection with the offer and sale of the Forward Purchase Shares.

 

(k)                                 Residence. The Purchaser’s principal place of business is the office or offices located at the address of the Purchaser set forth on the signature page hereof.

 

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(l)                                     Adequacy of Financing. The Purchaser has available to it sufficient funds to satisfy its obligations under this Agreement.

 

(m)                             No Other Representations and Warranties; Non-Reliance. Except for the specific representations and warranties contained in this Section 2 and in any certificate or agreement delivered pursuant hereto, none of the Purchaser nor any person acting on behalf of the Purchaser nor any of the Purchaser’s affiliates (the “Purchaser Parties”) has made, makes or shall be deemed to make any other express or implied representation or warranty with respect to the Purchaser and this offering, and the Purchaser Parties disclaim any such representation or warranty. Except for the specific representations and warranties expressly made by the Company in Section 3 of this Agreement and in any certificate or agreement delivered pursuant hereto, the Purchaser Parties specifically disclaim that they are relying upon any other representations or warranties that may have been made by the Company, any person on behalf of the Company or any of the Company’s affiliates (collectively, the “Company Parties”).

 

3.                                      Representations and Warranties of the Company. The Company represents and warrants to the Purchaser as follows:

 

(a)                                 Organization and Corporate Power. The Company is a corporation duly incorporated and validly existing and in good standing as a corporation under the laws of the State of Delaware and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to be conducted. The Company has no subsidiaries.

 

(b)                                 Capitalization. On the date hereof, the authorized share capital of the Company consists of:

 

(i)                                     400,000,000 Class A Shares, 103,500,000 of which are issued and outstanding as of the date hereof. All of the outstanding Class A Shares have been duly authorized, are fully paid and nonassessable and were issued in compliance with all applicable federal and state securities laws.

 

(ii)                                  50,000,000 shares of Class B Common Stock, par value $0.0001 per share, of Buyer (the “Class B Common Stock”), 25,875,000 of which are issued and outstanding as of the date hereof. All of the outstanding shares of Class B Common Stock have been duly authorized, are fully paid and nonassessable and were issued in compliance with all applicable federal and state securities laws.

 

(iii)                               1,000,000 preferred shares, none of which are issued and outstanding.

 

(c)                                  Authorization. All corporate action required to be taken by the Company’s Board of Directors and stockholders in order to authorize the Company to enter into this Agreement, and to issue the Forward Purchase Shares at the Forward Closing, has been taken or will be taken prior to the Forward Closing. All action on the part of the stockholders, directors and officers of the Company necessary for the execution and delivery of this Agreement, the performance of all obligations of the Company under this Agreement to be performed as of the Forward Closing, and the issuance and delivery of the Forward Purchase Shares has been taken or will be taken prior to the Forward Closing. This Agreement, when executed and delivered by the Company, shall constitute the valid and legally binding obligation of the Company, enforceable against the

 

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Company in accordance with its terms except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other laws of general application relating to or affecting the enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies, or (iii) to the extent the indemnification provisions contained in the Registration Rights may be limited by applicable federal or state securities laws.

 

(d)                                 Valid Issuance of Securities. The Forward Purchase Shares, when issued, sold and delivered in accordance with the terms and for the consideration set forth in this Agreement, will be validly issued, fully paid and nonassessable, as applicable, and free of all preemptive or similar rights, taxes, liens, encumbrances and charges with respect to the issue thereof and restrictions on transfer other than restrictions on transfer specified under this Agreement, applicable state and federal securities laws and liens or encumbrances created by or imposed by the Purchaser. Assuming the accuracy of the representations of the Purchaser in this Agreement and subject to the filings described in Section 3(e) below, the Forward Purchase Shares will be issued in compliance with all applicable federal and state securities laws.

 

(e)                                  Governmental Consents and Filings. Assuming the accuracy of the representations made by the Purchaser in this Agreement, no consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any federal, state or local governmental authority is required on the part of the Company in connection with the consummation of the transactions contemplated by this Agreement, except for filings pursuant to applicable state securities laws, if any, and pursuant to the Registration Rights.

 

(f)                                   Compliance with Other Instruments. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated by this Agreement will not result in any violation or default (i) of any provisions of the Company’s certificate of incorporation, bylaws or other governing documents of the Company, (ii) of any instrument, judgment, order, writ or decree to which the Company is a party or by which it is bound, (iii) under any note, indenture or mortgage to which the Company is a party or by which it is bound, (iv) under any lease, agreement, contract or purchase order to which the Company is a party or by which it is bound or (v) of any provision of federal or state statute, rule or regulation applicable to the Company, in each case (other than clause (i)) which would have a material adverse effect on the Company or its ability to consummate the transactions contemplated by this Agreement.

 

(g)                                  Operations. As of the date hereof, the Company has not conducted, and prior to the closing of the Proposed Business Combination the Company will not conduct, any operations other than organizational activities, activities in connection with offerings of its securities and activities in connection with evaluating potential Business Combination transactions.

 

(h)                                 No General Solicitation. Neither the Company, nor any of its officers, directors, employees, agents or stockholders has either directly or indirectly, including, through a broker or finder (i) engaged in any general solicitation, or (ii) published any advertisement in connection with the offer and sale of the Forward Purchase Shares.

 

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(i)                                     No Other Representations and Warranties; Non-Reliance. Except for the specific representations and warranties contained in this Section 3 and in any certificate or agreement delivered pursuant hereto, none of the Company Parties has made, makes or shall be deemed to make any other express or implied representation or warranty with respect to the Company, this offering or the Proposed Business Combination, and the Company Parties disclaim any such representation or warranty. Except for the specific representations and warranties expressly made by the Purchaser in Section 2 of this Agreement and in any certificate or agreement delivered pursuant hereto, the Company Parties specifically disclaim that they are relying upon any other representations or warranties that may have been made by the Purchaser Parties.

 

4.                                      Registration Rights; Transfer

 

(a)                                 Registration. The Company agrees that it will use its commercially reasonable efforts to file with the SEC (at the Company’s sole cost and expense), within thirty (30) calendar days after the Business Combination Closing, a registration statement (the “Forward Registration Statement”) registering the resale of the Forward Purchase Shares (collectively, the “Registrable Securities”), and the Company shall use its commercially reasonable efforts to have the Forward Registration Statement declared effective as soon as practicable after the filing thereof; provided, however, that the Company’s obligations to include the Registrable Securities in the Forward Registration Statement are contingent upon the Purchaser furnishing in writing to the Company such information regarding the Purchaser, the securities of the Company held by the Purchaser and the intended method of disposition of the Registrable Securities as shall be reasonably requested by the Company to effect the registration of the Registrable Securities, and shall execute such documents in connection with such registration as the Company may reasonably request that are customary of a selling stockholder in similar situations.

 

(b)                                 Indemnification.

 

(i)                                     The Company shall, notwithstanding any termination of this Agreement, indemnify, defend and hold harmless the Purchaser (to the extent a seller under the Forward Registration Statement), the officers, directors, agents, partners, members, managers, stockholders, affiliates, employees and investment advisers of the Purchaser, each person who controls the Purchaser (within the meaning of Section 15 of the Securities Act or Section 20 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the officers, directors, partners, members, managers, stockholders, agents, affiliates, employees and investment advisers of each such controlling person, to the fullest extent permitted by applicable law, from and against any and all losses, claims, damages, liabilities, costs (including, without limitation, reasonable costs of preparation and investigation and reasonable attorneys’ fees) and expenses (collectively, “Losses”), as incurred, that arise out of or are based upon (i) any untrue or alleged untrue statement of a material fact contained in the Forward Registration Statement, any prospectus included in the Forward Registration Statement or any form of prospectus or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein (in the case of any prospectus or form of prospectus or supplement thereto, in light of the circumstances under which they were made) not misleading, or (ii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act or any state securities law or any rule or regulation thereunder, in connection with

 

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the performance of its obligations under this Section 4, except to the extent, but only to the extent that such untrue statements, alleged untrue statements, omissions or alleged omissions are based solely upon information regarding the Purchaser furnished in writing to the Company by the Purchaser expressly for use therein. The Company shall notify the Purchaser promptly of the institution, threat or assertion of any proceeding arising from or in connection with the transactions contemplated by this Section 4 of which the Company is aware. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of an indemnified party and shall survive the transfer of the Registrable Securities by the Company.

 

(ii)                                  The Purchaser shall, severally and not jointly with any other selling stockholder named in the Forward Registration Statement, indemnify and hold harmless the Company, its directors, officers, agents and employees, each person who controls the Company (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act), and the directors, officers, agents or employees of such controlling persons, to the fullest extent permitted by applicable law, from and against all Losses, as incurred, arising out of or that are based upon any untrue or alleged untrue statement of a material fact contained in the Forward Registration Statement, any prospectus included in the Forward Registration Statement, or any form of prospectus, or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of any prospectus, or any form of prospectus or supplement thereto, in light of the circumstances under which they were made) not misleading to the extent, but only to the extent that such untrue statements or omissions are based solely upon information regarding the Purchaser furnished in writing to the Company by the Purchaser expressly for use therein. In no event shall the liability of the Purchaser pursuant to the terms of this Agreement be greater in amount than the dollar amount of the net proceeds received by the Purchaser upon the sale of the Registrable Securities giving rise to such indemnification obligation.

 

(c)                                  Transfer. This Agreement and all of the Purchaser’s rights and obligations hereunder (including the Purchaser’s obligation to purchase the Forward Purchase Shares) may be transferred or assigned, at any time and from time to time, to one or more third parties (each such transferee, a “Transferee”). Upon any such assignment:

 

(i)                                     the applicable Transferee shall execute a signature page to this Agreement, substantially in the form of the Purchaser’s signature page hereto (the “Joinder Agreement”), which shall reflect the number of Forward Purchase Shares to be purchased by such Transferee (the “Transferee Securities”), and, upon such execution, such Transferee shall have all the same rights and obligations of the Purchaser hereunder with respect to the Transferee Securities, and references herein to the “Purchaser” shall be deemed to refer to and include any such Transferee with respect to such Transferee and to its Transferee Securities; provided, that any representations, warranties, covenants and agreements of the Purchaser and any such Transferee shall be several and not joint and shall be made as to the Purchaser or any such Transferee, as applicable, as to itself only; and

 

(ii)                                  upon a Transferee’s execution and delivery of a Joinder Agreement, the number of Forward Purchase Shares to be purchased by the Purchaser hereunder shall be reduced by the total number of Forward Purchase Shares to be purchased by the applicable Transferee

 

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pursuant to the applicable Joinder Agreement, which reduction shall be evidenced by the Purchaser and the Company amending Schedule A to this Agreement to reflect each transfer and updating the “Number of Forward Purchase Shares”, and “Aggregate Purchase Price for Forward Purchase Shares” on the Purchaser’s signature page hereto to reflect such reduced number of Forward Purchase Shares, and the Purchaser shall be fully and unconditionally released from its obligation to purchase such Transferee Securities hereunder. For the avoidance of doubt, this Agreement need not be amended and restated in its entirety, but only Schedule A and the Purchaser’s signature page hereto need be so amended and updated and executed by each of the Purchaser and the Company upon the occurrence of any such transfer of Transferee Securities.

 

5.                                      Additional Agreements and Acknowledgements of the Purchaser.

 

(a)                                 Trust Account.

 

(i)                                     The Purchaser hereby acknowledges that it is aware that the Company established a trust account at J.P. Morgan Chase Bank, N.A. in connection with its IPO (the “Trust Account”) for the benefit of the holders of the Public Shares. The Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Public Shares held by it.

 

(ii)                                  The Purchaser hereby agrees that it shall have no right of set-off or any right, title, interest or claim of any kind (“Claim”) to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it may have now or in the future, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Public Shares held by it. In the event the Purchaser has any Claim against the Company under this Agreement, the Purchaser shall pursue such Claim solely against the Company and its assets outside the Trust Account and not against the property or any monies in the Trust Account, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Public Shares held by it.

 

(b)                                 Voting. The Purchaser hereby agrees that if the Company seeks stockholder approval of the Proposed Business Combination, then in connection with the Proposed Business Combination, the Purchaser shall vote any Class A Shares owned by it in favor of the Proposed Business Combination.

 

(c)                                  No Short Sales. The Purchaser hereby agrees that neither it, nor any person or entity acting on its behalf or pursuant to any understanding with it, will engage in any Short Sales with respect to securities of the Company prior to the Proposed Business Combination Closing. For purposes of this Section, “Short Sales” shall include, without limitation, all “short sales” as defined in Rule 200 promulgated under Regulation SHO under the Exchange Act, and all types of direct and indirect stock pledges (other than pledges in the ordinary course of business as part of prime brokerage arrangements), forward sale contracts, options, puts, calls, swaps and similar arrangements (including on a total return basis), and sales and other transactions through non-U.S. broker dealers or foreign regulated brokers.

 

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6.                                      Listing. The Company will use commercially reasonable efforts to effect and maintain the listing of the Class A Shares on the NASDAQ Capital Market (or another national securities exchange).

 

7.                                      Forward Closing Conditions.

 

(a)                                 The obligation of the Purchaser to purchase the Forward Purchase Shares at the Forward Closing under this Agreement shall be subject to the fulfillment, at or prior to the Forward Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Purchaser:

 

(i)                                     The Proposed Business Combination shall be consummated substantially concurrently with the purchase of the Forward Purchase Shares;

 

(ii)                                  The Company shall have delivered to the Purchaser a certificate evidencing the Company’s good standing as a Delaware corporation;

 

(iii)                               The representations and warranties of the Company set forth in Section 3 of this Agreement shall have been true and correct as of the date hereof and shall be true and correct as of the Forward Closing Date, as applicable, with the same effect as though such representations and warranties had been made on and as of such date (other than any such representation or warranty that is made by its terms as of a specified date, which shall be true and correct as of such specified date), except where the failure to be so true and correct would not have a material adverse effect on the Company or its ability to consummate the transactions contemplated by this Agreement;

 

(iv)                              The Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Company at or prior to the Forward Closing; and

 

(v)                                 No order, writ, judgment, injunction, decree, determination, or award shall have been entered by or with any governmental, regulatory, or administrative authority or any court, tribunal, or judicial, or arbitral body, and no other legal restraint or prohibition shall be in effect, preventing the purchase by the Purchaser of the Forward Purchase Shares.

 

(b)                                 The obligation of the Company to sell the Forward Purchase Shares at the Forward Closing under this Agreement shall be subject to the fulfillment, at or prior to the Forward Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may be waived by the Company:

 

(i)                                     The Proposed Business Combination shall be consummated substantially concurrently with the purchase of the Forward Purchase Shares;

 

(ii)                                  The representations and warranties of the Purchaser set forth in Section 2 of this Agreement shall have been true and correct as of the date hereof and shall be true and correct as of the Forward Closing Date, as applicable, with the same effect as though such representations and warranties had been made on and as of such date (other than any such representation or warranty that is made by its terms as of a specified date, which shall be true and

 

11

 

correct as of such specified date), except where the failure to be so true and correct would not have a material adverse effect on the Purchaser or its ability to consummate the transactions contemplated by this Agreement;

 

(iii)                               The Purchaser shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Purchaser at or prior to the Forward Closing; and

 

(iv)                              No order, writ, judgment, injunction, decree, determination, or award shall have been entered by or with any governmental, regulatory, or administrative authority or any court, tribunal, or judicial, or arbitral body, and no other legal restraint or prohibition shall be in effect, preventing the purchase by the Purchaser of the Forward Purchase Shares.

 

8.                                      Termination. This Agreement may be terminated at any time prior to the Forward Closing:

 

(a)                                 by mutual written consent of the Company and the Purchaser;

 

(b)                                 automatically

 

(i)                                     at any time before the Business Combination Closing, if the Alta Mesa Contribution Agreement or the Kingfisher Contribution Agreement shall have been terminated in accordance with their respective terms; or

 

(ii)                                  if the Company becomes subject to any voluntary or involuntary petition under the United States federal bankruptcy laws or any state insolvency law, in each case which is not withdrawn within sixty (60) days after being filed, or a receiver, fiscal agent or similar officer is appointed by a court for business or property of the Company, in each case which is not removed, withdrawn or terminated within sixty (60) days after such appointment.

 

In the event of any termination of this Agreement pursuant to this Section 8, the Forward Purchase Price (and interest thereon, if any), if previously paid, and all Purchaser’s funds paid in connection herewith shall be promptly returned to the Purchaser, and thereafter this Agreement shall forthwith become null and void and have no effect, without any liability on the part of the Purchaser or the Company and their respective directors, officers, employees, partners, managers, members, or stockholders and all rights and obligations of each party shall cease; provided, however, that nothing contained in this Section 8 shall relieve either party from liabilities or damages arising out of any fraud or willful breach by such party of any of its representations, warranties, covenants or agreements contained in this Agreement.

 

9.                                      General Provisions.

 

(a)                                 Notices. All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given upon the earlier of actual receipt, or (a) personal delivery to the party to be notified, (b) when sent, if sent by electronic mail or facsimile (if any) during normal business hours of the recipient, and if not sent during normal business hours, then on the recipient’s next Business Day, (c) five (5) Business Days after having been sent by registered or certified mail, return receipt requested, postage prepaid,

 

12

 

or (d) one (1) Business Day after deposit with a nationally recognized overnight courier, freight prepaid, specifying next Business Day delivery, with written verification of receipt. All communications sent to the Company shall be sent to: Silver Run Acquisition Corporation II, 1000 Louisiana Street, Suite 1450, Houston, Texas 77002, Attention: Secretary, with a copy to the Company’s counsel at Latham & Watkins LLP, 555 Eleventh Street NW, Suite 1000, Washington, D.C., 20004, Attention: Nicholas P. Luongo.

 

All communications to the Purchaser shall be sent to the Purchaser’s address as set forth on the signature page hereof, or to such e-mail address, facsimile number (if any) or address as subsequently modified by written notice given in accordance with this Section 9(a).

 

(b)                                 No Finder’s Fees. Each party represents that it neither is nor will be obligated for any finder’s fee or commission in connection with this transaction. The Purchaser agrees to indemnify and to hold harmless the Company from any liability for any commission or compensation in the nature of a finder’s or broker’s fee arising out of this transaction (and the costs and expenses of defending against such liability or asserted liability) for which the Purchaser or any of its officers, employees or representatives is responsible. The Company agrees to indemnify and hold harmless the Purchaser from any liability for any commission or compensation in the nature of a finder’s or broker’s fee arising out of this transaction (and the costs and expenses of defending against such liability or asserted liability) for which the Company or any of its officers, employees or representatives is responsible.

 

(c)                                  Survival of Representations and Warranties. All of the representations and warranties contained herein shall survive the Forward Closing.

 

(d)                                 Entire Agreement. This Agreement, together with any documents, instruments and writings that are delivered pursuant hereto or referenced herein, constitute the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby.

 

(e)                                  Successors. All of the terms, agreements, covenants, representations, warranties, and conditions of this Agreement are binding upon, and inure to the benefit of and are enforceable by, the parties hereto and their respective successors. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

 

(f)                                   Assignments. Except as otherwise specifically provided herein, no party hereto may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written approval of the other party.

 

(g)                                  Counterparts. This Agreement may be executed in two or more counterparts, each of which will be deemed an original but all of which together will constitute one and the same instrument.

 

13

 

(h)                                 Headings . The section headings contained in this Agreement are inserted for convenience only and will not affect in any way the meaning or interpretation of this Agreement.

 

(i)                                     Governing Law. This Agreement, the entire relationship of the parties hereto, and any litigation between the parties (whether grounded in contract, tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State of New York, without giving effect to its choice of laws principles.

 

(j)                                    Jurisdiction. The parties (i) hereby irrevocably and unconditionally submit to the jurisdiction of the state courts of New York and to the jurisdiction of the United States District Court for the Southern District of New York for the purpose of any suit, action or other proceeding arising out of or based upon this Agreement, (b) agree not to commence any suit, action or other proceeding arising out of or based upon this Agreement except in state courts of New York or the United States District Court for the Southern District of New York, and (c) hereby waive, and agree not to assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, any claim that it is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or by such court.

 

(k)                                 Waiver of Jury Trial. The parties hereto hereby waive any right to a jury trial in connection with any litigation pursuant to this Agreement and the transactions contemplated hereby.

 

(l)                                     Amendments. This Agreement may not be amended, modified or waived as to any particular provision, except with the prior written consent of the Company and the Purchaser.

 

(m)                             Severability. The provisions of this Agreement will be deemed severable and the invalidity or unenforceability of any provision will not affect the validity or enforceability of the other provisions hereof; provided that if any provision of this Agreement, as applied to any party hereto or to any circumstance, is adjudged by a governmental authority, arbitrator, or mediator not to be enforceable in accordance with its terms, the parties hereto agree that the governmental authority, arbitrator, or mediator making such determination will have the power to modify the provision in a manner consistent with its objectives such that it is enforceable, and/or to delete specific words or phrases, and in its reduced form, such provision will then be enforceable and will be enforced.

 

(n)                                 Expenses. Each of the Company and the Purchaser will bear its own costs and expenses incurred in connection with the preparation, execution and performance of this Agreement and the consummation of the transactions contemplated hereby, including all fees and expenses of agents, representatives, financial advisors, legal counsel and accountants. The Company shall be responsible for the fees of its transfer agent; stamp taxes and all The Depository Trust Company fees associated with the issuance of the Forward Purchase Shares.

 

(o)                                 Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of intent or interpretation arises, this

 

14

 

Agreement will be construed as if drafted jointly by the parties hereto and no presumption or burden of proof will arise favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement. Any reference to any federal, state, local, or foreign law will be deemed also to refer to law as amended and all rules and regulations promulgated thereunder, unless the context requires otherwise. The words “include,” “includes,” and “including” will be deemed to be followed by “without limitation.” Pronouns in masculine, feminine, and neuter genders will be construed to include any other gender, and words in the singular form will be construed to include the plural and vice versa, unless the context otherwise requires. The words “this Agreement,” “herein,” “hereof,” “hereby,” “hereunder,” and words of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The parties hereto intend that each representation, warranty, and covenant contained herein will have independent significance. If any party hereto has breached any representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation, warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity) which such party hereto has not breached will not detract from or mitigate the fact that such party hereto is in breach of the first representation, warranty, or covenant.

 

(p)                                 Waiver. No waiver by any party hereto of any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional or not, may be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder or affect in any way any rights arising because of any prior or subsequent occurrence.

 

(q)                                 Specific Performance. The Purchaser agrees that irreparable damage may occur in the event any provision of this Agreement was not performed by the Purchaser in accordance with the terms hereof and that the Company shall be entitled to specific performance of the terms hereof, in addition to any other remedy at law or equity.

 

[Signature page follows]

 

15

 

IN WITNESS WHEREOF, the undersigned have executed this Agreement to be effective as of the date first set forth above.

 

	
 
    	
PURCHASER:
    
	
 
    	
 
    
	
 
    	
RIVERSTONE   VI SR II HOLDINGS, L.P.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
RIVERSTONE   ENERGY VI HOLDINGS GP, LLC
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
/s/   Olivia C. Wassenaar
    
	
 
    	
 
    	
 
    	
Name:   Olivia C. Wassenaar
    
	
 
    	
 
    	
 
    	
Title:   Authorized Person 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
Address   for Notices:
    
	
 
    	
 
    	
 
    	
712   Fifth Ave, 19th Floor
    
	
 
    	
 
    	
 
    	
New   York, New York 10019
    
	
 
    	
 
    	
 
    	
E-mail:
    
	
 
    	
 
    	
 
    	
Fax:
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
COMPANY:
    
	
 
    	
 
    
	
 
    	
SILVER   RUN ACQUISITION CORPORATION II
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   James T. Hackett
    
	
 
    	
 
    	
Name:   James T. Hackett
    
	
 
    	
 
    	
Title:   Chief Executive Officer
    

 

[To be completed by the Company]

 

Number of Forward Purchase Shares:

 

Aggregate Purchase Price for Forward Purchase Shares:                                             $

 

[Signature Page to Forward Purchase Agreement]

 

 

TO BE EXECUTED UPON ANY ASSIGNMENT AND/OR REVISION IN ACCORDANCE WITH THIS AGREEMENT TO “NUMBER OF FORWARD PURCHASE SHARES” AND “AGGREGATE PURCHASE PRICE FOR FORWARD PURCHASE SHARES” SET FORTH ABOVE:

 

Number of Forward Purchase Shares and Aggregate Purchase Price for Forward Purchase Shares as of [ · ], 201[ · ], accepted and agreed to as of this [ · ] day of [ · ], 201[ · ].

 

	
 
    	
RIVERSTONE   VI SR II HOLDINGS, L.P.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
RIVERSTONE   ENERGY VI HOLDINGS GP, LLC
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
 
    	
Title:
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
SILVER   RUN ACQUISITION CORPORATION II
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

[Signature Page to Forward Purchase Agreement]

 

 

SCHEDULE A

 

SCHEDULE OF TRANSFERS OF FORWARD PURCHASE SHARES

 

The following transfers of a portion of the original number of Forward Purchase Shares have been made:

 

	
Date of
   Transfer
    	
 
    	
Transferee
    	
 
    	
Number of
   Forward
   Purchase Shares
   Transferred
    	
 
    	
Purchaser
   Revised Forward
   Purchase Share
   Amount
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    

 

TO BE EXECUTED UPON ANY ASSIGNMENT OR FINAL DETERMINATION OF FORWARD PURCHASE SHARES:

 

Schedule A as of [ · ], 201[ · ], accepted and agreed to as of this [ · ] day of [ · ], 201[ · ] by:

 

	
RIVERSTONE VI SR II HOLDINGS,   L.P.
    	
 
    	
SILVER RUN ACQUISITION

CORPORATION II
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
 
    	
 
    	
By:
    	
 
    
	
 
    	
Name:
    	
 
    	
 
    	
Name:
    
	
 
    	
Title:
    	
 
    	
 
    	
Title:
    

 

Schedule A-1

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