EXCHANGE AGREEMENTExchange Agreement • February 25th, 2021 • Callon Petroleum Co • Crude petroleum & natural gas
This EXCHANGE AGREEMENT (this “Agreement”) is made and entered into as of November 2, 2020 by and among (i) Callon Petroleum Company, a Delaware corporation (the “Company”), (ii) the holders named in Schedule I hereto as of the date hereof (the “Initial Holders”) of (A) the Company’s 6.250% Senior Notes Due 2023 (the “2023 Notes”), which were issued pursuant to an indenture (the “2023 Notes Indenture”), dated as of April 28, 2015, between the Company (as successor in interest to Carrizo Oil and Gas, Inc., a Texas corporation (“Carrizo”)), the subsidiary guarantors named therein and Wells Fargo Bank, National Association, as trustee (“Wells Fargo”), (B) the Company’s 6.125% Senior Notes Due 2024 (the “2024 Notes”), which were issued pursuant to an indenture (the “2024 Notes Indenture”), dated as of October 3, 2016, between the Company, the subsidiary guarantors named therein and U.S. Bank National Association, as trustee (“US Bank”), (C) the Company’s 8.250% Senior Notes Due 2025 (the “
