SEC Contract Filing

Filing Date: 2021-08-11

Document Content:
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<TYPE>EX-10.2
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<FILENAME>d204861dex102.htm
<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>TAX RECEIVABLE AGREEMENT AMENDMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Tax Receivable Agreement Amendment (the &#147;<U>Agreement</U>&#148;) is entered into as of August&nbsp;10, 2021, by and among Vine
Energy Inc., a Delaware corporation (including any successor corporation, the &#147;<U>Corporate Taxpayer</U>&#148;) and each of the TRA Parties that are a party hereto. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">RECITALS </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Corporate
Taxpayer and the TRA Parties entered into that certain Tax Receivable Agreement, dated as of March&nbsp;17, 2021 (the &#147;<U>TRA</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, concurrent with the execution and delivery of this Agreement, the Corporate Taxpayer, Chesapeake Energy Corporation, an Oklahoma
corporation (&#147;<U>Parent</U>&#148;), Hannibal Merger Sub, Inc., a Delaware corporation and a wholly owned Subsidiary of Parent, Hannibal Merger Sub, LLC, a Delaware limited liability company and a wholly owned Subsidiary of Parent, and Vine
Energy Holdings, LLC, a Delaware limited liability company, entered into that certain Agreement and Plan of Merger, dated as of August&nbsp;10, 2021 (the &#147;<U>Merger Agreement</U>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, Article IV of the TRA provides for an Early Termination Payment in the event of a Change of Control, and the consummation of the
transactions contemplated by the Merger Agreement will give rise to a Change of Control (such Change of Control, the &#147;<U>MA Change of Control</U>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, pursuant to Section&nbsp;7.6(b) of the TRA, the parties desire to amend the TRA pursuant to its terms to provide that the TRA will
terminate in its entirety upon the consummation of the MA Change of Control and no party shall have any obligations under the TRA in connection with such MA Change of Control or arising thereafter, including any obligation of the Corporate Taxpayer
to make any Early Termination Payment in connection therewith. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of the promises and the mutual agreements
and covenants hereinafter set forth, and for other valuable consideration (including the consideration provided under the Merger Agreement), the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE I </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">DEFINITIONS </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.01.&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions; References</U>. Unless otherwise specifically defined herein, each capitalized term
used herein but not otherwise defined herein shall have the meaning assigned to such term in the TRA. To the extent there is a conflict or inconsistency between the terms of this Agreement and the terms of the TRA (prior to giving effect to this
Agreement), the terms of this Agreement shall govern and control. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE II </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">TRA TERMINATION </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;2.01.&nbsp;&nbsp;&nbsp;&nbsp;<U>TRA Termination</U>. The parties agree that the consummation of the transactions contemplated by
the Merger Agreement will give rise to an MA Change of Control. Furthermore, the parties agree that the TRA shall be terminated in its entirety as a result of and upon the consummation of the MA Change of Control and, no party shall have any further
obligations under the TRA other than those obligations set forth in this Agreement, including any obligations of the Corporate Taxpayer to make any Early Termination Payment or other payment to the TRA Parties in connection with the MA Change of
Control or otherwise thereafter pursuant to the TRA, and each of the TRA Parties hereby releases, remises and forever discharges the Corporate Taxpayer, its Affiliates and their respective shareholders, directors, officers and employees from any
such obligations under the TRA. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE III </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">AGREEMENT TERMINATION </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4