Common use of CONSENT AND ACKNOWLEDGEMENT OF GUARANTORS Clause in Contracts

CONSENT AND ACKNOWLEDGEMENT OF GUARANTORS. (Fourth Amending Agreement to December 2, 2010 Note Purchase Agreement) The undersigned Guarantors hereby consent to the terms of the above Agreement and the transactions contemplated thereby and confirm that the guarantees and other security documents granted by each of the undersigned to or for the benefit of the holders of Notes are in full force and effect. Without limiting the generality of the foregoing, the undersigned acknowledge that the “Guaranteed Obligations” guaranteed by the undersigned pursuant to the respective guarantees executed by each of the undersigned include, without limitation, all obligations of the Company to the holders of Notes under the Note Agreement as so amended, and all Notes now outstanding or hereafter issued under the Note Agreement. For certainty, each reference to “Note Purchase Agreement” in each such guarantee executed by the undersigned shall include the Note Agreement as defined in this Agreement, as amended by this Agreement, and as hereafter further amended, further restated, or supplemented, modified or replaced from time to time. Dated as of ______________, 2018. OBSIDIAN ENERGY PARTNERSHIP, by its managing partner, Obsidian Energy Ltd.

CONSENT AND ACKNOWLEDGEMENT OF GUARANTORS. (Fourth Amending Agreement to December 2March 16, 2010 Note Purchase Agreement) The undersigned Guarantors hereby consent to the terms of the above Agreement and the transactions contemplated thereby and confirm that the guarantees and other security documents granted by each of the undersigned to or for the benefit of the holders of Notes are in full force and effect. Without limiting the generality of the foregoing, the undersigned acknowledge that the “Guaranteed Obligations” guaranteed by the undersigned pursuant to the respective guarantees executed by each of the undersigned include, without limitation, all obligations of the Company to the holders of Notes under the Note Agreement as so amended, and all Notes now outstanding or hereafter issued under the Note Agreement. For certainty, each reference to “Note Purchase Agreement” in each such guarantee executed by the undersigned shall include the Note Agreement as defined in this Agreement, as amended by this Agreement, and as hereafter further amended, further restated, or supplemented, modified or replaced from time to time. Dated as of ______________, 2018. OBSIDIAN ENERGY PARTNERSHIP, by its managing partner, Obsidian Energy Ltd.

CONSENT AND ACKNOWLEDGEMENT OF GUARANTORS. (Fourth Fifth Amending Agreement to December 2May 29, 2010 2008 Note Purchase Agreement) The undersigned Guarantors hereby consent to the terms of the above Agreement and the transactions contemplated thereby and confirm that the guarantees and other security documents granted by each of the undersigned to or for the benefit of the holders of Notes are in full force and effect. Without limiting the generality of the foregoing, the undersigned acknowledge that the “Guaranteed Obligations” guaranteed by the undersigned pursuant to the respective guarantees executed by each of the undersigned include, without limitation, all obligations of the Company to the holders of Notes under the Note Purchase Agreement as so amended, and all Notes now outstanding or hereafter issued under the Note Purchase Agreement. For certainty, each reference to “Note Agreement” or “Note Purchase Agreement” in each such guarantee executed by the undersigned shall include the Note Purchase Agreement as defined in this Agreement, as amended by this Agreement, and as hereafter further amended, further restated, or supplemented, modified or replaced from time to time. Dated as of ______________March 6, 20182019. OBSIDIAN ENERGY PARTNERSHIP, by its managing partner, Obsidian Energy Ltd.

CONSENT AND ACKNOWLEDGEMENT OF GUARANTORS. (Fourth Amending Agreement to December 2May 29, 2010 2008 Note Purchase Agreement) The undersigned Guarantors hereby consent to the terms of the above Agreement and the transactions contemplated thereby and confirm that the guarantees and other security documents granted by each of the undersigned to or for the benefit of the holders of Notes are in full force and effect. Without limiting the generality of the foregoing, the undersigned acknowledge that the “Guaranteed Obligations” guaranteed by the undersigned pursuant to the respective guarantees executed by each of the undersigned include, without limitation, all obligations of the Company to the holders of Notes under the Note Agreement as so amended, and all Notes now outstanding or hereafter issued under the Note Agreement. For certainty, each reference to “Note Purchase Agreement” in each such guarantee executed by the undersigned shall include the Note Agreement as defined in this Agreement, as amended by this Agreement, and as hereafter further amended, further restated, or supplemented, modified or replaced from time to time. Dated as of ______________, 2018. OBSIDIAN ENERGY PARTNERSHIP, by its managing partner, Obsidian Energy Ltd.