0001594466-16-000021 Sample Contracts

INDEMNIFICATION AGREEMENT
Indemnification Agreement • November 4th, 2016 • Parsley Energy, Inc. • Crude petroleum & natural gas • Delaware

This Indemnification Agreement (“Agreement”) is made as of April 1, 2016, by and between Parsley Energy, Inc., a Delaware corporation (the “Corporation”), and Stephanie Reed (“Indemnitee”).

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PARSLEY ENERGY OPERATIONS, LLC EMPLOYMENT, CONFIDENTIALITY, AND NON-COMPETITION AGREEMENT
Employment Agreement • November 4th, 2016 • 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 effective as of [_________] (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).

PARSLEY ENERGY OPERATIONS, LLC FIRST AMENDMENT TO EMPLOYMENT, CONFIDENTIALITY, AND NON-COMPETITION AGREEMENT
Employment, Confidentiality, and Non-Competition Agreement • November 4th, 2016 • Parsley Energy, Inc. • Crude petroleum & natural gas

WHEREAS, Parsley Energy Operations, LLC (“Parsley”) and Bryan Sheffield, a natural person (“Employee”) (Employee and Parsley each referred to as a “Party” and, collectively, as the “Parties” herein) entered into an Employment, Confidentiality, and Non-Competition Agreement, effective as of May 29, 2014 (the “Agreement”); and

SECOND SUPPLEMENTAL INDENTURE
Supplemental Indenture • November 4th, 2016 • Parsley Energy, Inc. • Crude petroleum & natural gas • New York

SECOND SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of October 27, 2016, among Parsley GP, LLC, a Delaware limited liability company (the “Guaranteeing Subsidiary”), an indirect subsidiary of Parsley Energy, LLC, a Delaware limited liability company (the “Company”), the Company, Parsley Finance Corp., a Delaware corporation (“Finance Corp.” and together with the Company, the “Issuers” and each individually an “Issuer”), the other Guarantors (as defined in the Indenture referred to herein) and U.S. Bank National Association, as trustee under the Indenture referred to below (the “Trustee”).

PARSLEY ENERGY, INC.
Restricted Stock Agreement • November 4th, 2016 • Parsley Energy, Inc. • Crude petroleum & natural gas • Delaware

This Agreement is made and entered into as of the “Date of Grant” set forth in the Notice of Grant of Restricted Stock (the “Notice of Grant”) by and between Parsley Energy, Inc., a Delaware corporation (the “Company”), and you;

FIRST AMENDMENT TO THE PARSLEY ENERGY, INC. RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • November 4th, 2016 • Parsley Energy, Inc. • Crude petroleum & natural gas

This First Amendment (the “Amendment”) to all Parsley Energy, Inc. 2014 Long Term Incentive Plan (the “LTIP”) Restricted Stock Agreements made and entered into as of May 29, 2014 (the “Award Agreements”) is effective as of July 28, 2016 (the “Effective Date”).

NOTICE OF GRANT OF RESTRICTED STOCK (Time-Based)
Restricted Stock Agreement • November 4th, 2016 • Parsley Energy, Inc. • Crude petroleum & natural gas

Pursuant to the terms and conditions of the Parsley Energy, Inc. 2014 Long Term Incentive Plan, attached as Appendix A (the “Plan”), and the associated Restricted Stock Agreement, attached as Appendix B (the “Agreement”), you are hereby issued shares of Stock subject to certain restrictions thereon and under the conditions set forth below, in the Agreement, and in the Plan (the “Restricted Shares”). Capitalized terms used but not defined herein shall have the meanings set forth in the Plan.

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