SEC Contract Filing

Filing Date: 2023-06-12

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d476002dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><I>Execution Version </I></B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REGISTRATION RIGHTS AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This
<B>REGISTRATION RIGHTS AGREEMENT</B>, dated as of June&nbsp;12, 2023 (this &#147;<U>Agreement</U>&#148;), is by and between Ovintiv Inc., a Delaware corporation (the &#147;<U>Company</U>&#148;), and NMB Stock Trust (the &#147;<U>Initial
Holder</U>&#148;). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>RECITALS </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, as of April&nbsp;3, 2023, the Company entered into a Securities Purchase Agreement (the &#147;<U>Purchase Agreement</U>&#148;) by and among
Black Swan Oil&nbsp;&amp; Gas, LLC, a Delaware limited liability company, PetroLegacy II Holdings, LLC, a Delaware limited liability company, Piedra Energy III Holdings, LLC, a Delaware limited liability company, and Piedra Energy IV Holdings, LLC,
a Delaware limited liability company, as sellers, Black Swan Permian, LLC, a Delaware limited liability company, Black Swan Operating, LLC, a Delaware limited liability company, PetroLegacy Energy II, LLC, a Delaware limited liability company,
PearlSnap Midstream, LLC, a Texas limited liability company, Piedra Energy III, LLC, a Delaware limited liability company, and Piedra Energy IV, LLC, a Delaware limited liability company, as subject companies, Ovintiv USA Inc., a Delaware
corporation, the Company and, solely in its capacity as sellers&#146; representative, NMB Seller Representative, LLC, a Delaware limited liability company (the &#147;<U>Sellers&#146; Representative</U><U>&#148;</U>); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, on April&nbsp;17, 2023, pursuant to Section&nbsp;10(f) of the Purchase Agreement, the Sellers&#146; Representative designated NMB Stock Trust,
a Delaware statutory trust, as the designee of the Sellers&#146; Representative to be the recipient of all shares of common stock, par value $0.01 per share, of the Company (the &#147;<U>Common Stock</U>&#148;) issuable pursuant to the Purchase
Agreement; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, resales by the Initial Holder of the Common Stock may be required to be registered under the Securities Act of 1933, as
amended (the &#147;<U>Securities Act</U>&#148;), and applicable state securities laws, depending upon the status of an Initial Holder or the intended method of distribution of the Common Stock. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, in consideration of the premises, mutual covenants and agreements hereinafter contained and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE I&#151;DEFINITIONS </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>1.1 <U>Definitions</U>. </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) For purposes of this
Agreement, the following terms shall have the meanings specified in this <U>Section</U><U></U><U>&nbsp;1.1</U>; <U>provided</U>, <U>however</U>, that capitalized terms used but not defined herein shall have the meaning ascribed to such terms in the
Purchase Agreement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;<U>Affiliate</U>&#148; means, with respect to any Person, any Person who, directly or indirectly through one or more
intermediaries, controls, is controlled by or is under common control with any Person. &#147;<U>Automatic Shelf Registration Statement</U>&#148; means an &#147;Automatic Shelf Registration Statement,&#148; as defined in Rule 405 under the Securities
Act. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;<U>Business Day</U>&#148; means any day on which the NYSE is open for trading. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;<U>Change in Control</U>&#148; means the transfer (whether by tender offer, merger, stock purchase, consolidation or other similar transaction), in one
transaction or a series of related transactions, to a Person or group of affiliated Persons, of the Company&#146;s voting securities if, after such transfer, such Person or group of affiliated Persons would hold more than 50% of outstanding voting
securities of the Company (or surviving entity) or would otherwise have the power to control the board of directors of the Company. </P> <P STYLE="font-size:18pt; margin-top:0pt; margin-bottom:0pt">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">&#147;<U>Exchange Act</U>&#148; means the Securities Exchange Act of 1934