FIFTH AMENDING AGREEMENT Note Purchase Agreement dated May 29, 2008 Series G Senior Guaranteed NotesNote Purchase Agreement • March 7th, 2019 • Obsidian Energy Ltd. • Crude petroleum & natural gas • Alberta
THIS FIFTH AMENDING AGREEMENT dated as of March 6, 2019 (this “Agreement”) to the Note Purchase Agreement dated as of May 29, 2008 among Obsidian Energy Ltd. (formerly Penn West Petroleum Ltd.) (the “Company”) and the Purchasers listed in Schedule A attached thereto as holders (the “holders”) of the outstanding senior guaranteed notes (the “Notes”) of the Company issued thereunder, as amended by the First Amending Agreement dated December 2, 2010, the Limited Waiver, Amendment and Retention of Rights Acknowledgement Agreement dated August 15, 2014, the Second Amending Agreement dated May 22, 2015, the Third Amending Agreement dated August 23, 2017 and the Fourth Amending Agreement dated as of November 7, 2018 (as so amended, the “Note Purchase Agreement”).
