PARSLEY ENERGY OPERATIONS, LLC EMPLOYMENT, CONFIDENTIALITY, AND NON-COMPETITION AGREEMENTNon-Competition Agreement • January 27th, 2014 • Parsley Energy, Inc. • Crude petroleum & natural gas • Texas
For good and valuable consideration set forth herein, this Employment, Confidentiality, and Non-Competition Agreement (“Agreement”) is executed as of the date set forth below and effective upon the closing of the initial public offering of Parsley Energy, Inc., a corporation organized under the laws of the State of Delaware (“Parsley Inc.”) (the “Effective Date”), by and between: (i) Parsley Energy Operations, LLC (“Parsley”) and (ii) [ ], a natural person (“Employee”) (Employee and Parsley each a “Party” and collectively “Parties” herein). In the event the initial public offering of Parsley Inc. does not close on or before the two-year anniversary of the date this Agreement is executed by the Parties, this Agreement shall never become effective and shall have no force or effect.
FIRST AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF PARSLEY ENERGY, LLC DATED AS OF [ ], 2014Limited Liability Company Agreement • January 27th, 2014 • Parsley Energy, Inc. • Crude petroleum & natural gas • Delaware
This FIRST AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (as amended, supplemented or restated from time to time, this “Agreement”) is entered into as of [ ], 2014, by and among PARSLEY ENERGY, LLC, a Delaware limited liability company (the “Company”), and each other Person who is or at any time becomes a Member in accordance with the terms of this Agreement and the Act. Capitalized terms used herein and not otherwise defined have the respective meanings set forth in Section 1.1.
