BACKSTOP PURCHASE AGREEMENT AMONG ULTRA PETROLEUM CORP., UP ENERGY CORPORATION, EACH OF ITS DIRECT AND INDIRECT SUBSIDIARIES AND THE BACKSTOP PARTIES HERETO Dated as of July 27, 2020Backstop Purchase Agreement • July 29th, 2020 • Ultra Petroleum Corp • Crude petroleum & natural gas • New York
THIS BACKSTOP PURCHASE AGREEMENT (as amended, supplemented, amended and restated or otherwise modified from time to time, together with any schedules, exhibits and annexes hereto, this “Agreement”) is entered into as of July 27, 2020 (the “Execution Date”), by and among (a) Ultra Petroleum Corp., a company incorporated under the laws of the Territory of Yukon, Canada (including as a debtor-in-possession in the Chapter 11 Cases (as defined below) and as a reorganized debtor, as applicable, “UP Holdings”), (b) UP Energy Corporation, a Delaware corporation (including as a debtor-in-possession in the Chapter 11 Cases and as a reorganized debtor, as applicable, “UP Energy” and, together with UP Holdings, the “Company”), (c) each of the direct and indirect Subsidiaries (as defined below) of UP Energy listed on the signature pages hereto under the title “Debtors” (such Subsidiaries, including each as a debtor-in-possession in the Chapter 11 Cases and as a reorganized debtor, as applicable, to
