0001609253-18-000004 Sample Contracts

REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • February 7th, 2018 • California Resources Corp • Crude petroleum & natural gas • Delaware

This REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of February 7, 2018, by and among California Resources Corporation, a Delaware corporation (the “Company”), and the purchasers named on Schedule A hereto (each a “Purchaser” and collectively, the “Purchasers”).

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ELK HILLS POWER, LLC SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT
Limited Liability Company Agreement • February 7th, 2018 • California Resources Corp • Crude petroleum & natural gas • Delaware

This SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (this “Agreement”) of Elk Hills Power, LLC, a Delaware limited liability company (the “Company”) is made and entered into as of February 7, 2018 (the “Execution Date”), by and between California Resources Elk Hills, LLC, a Delaware limited liability company (“CREH”) and ECR Corporate Holdings L.P., a Delaware limited partnership (“Sponsor”). The Company, CREH and Sponsor are hereinafter collectively referred to as the “Parties” and each individually as a “Party”.

FORM OF STOCK PURCHASE AGREEMENT dated February 7, 2018 by and between California Resources Corporation and [PURCHASER]
Form of Stock Purchase Agreement • February 7th, 2018 • California Resources Corp • Crude petroleum & natural gas • Delaware

THIS STOCK PURCHASE AGREEMENT (the “Agreement”) is made as of the 7th day of February, 2018, by and between California Resources Corporation, a Delaware corporation (the “Company”), and [PURCHASER] (the “Purchaser”). The signatories to this Agreement are sometimes referred to herein collectively as the “Parties” and individually as a “Party.”

COMMERCIAL AGREEMENT
Commercial Agreement • February 7th, 2018 • California Resources Corp • Crude petroleum & natural gas • California

This COMMERCIAL AGREEMENT, dated as of February 7, 2018, is by and between ELK HILLS POWER, LLC, a Delaware limited liability company (the “Company”) and CALIFORNIA RESOURCES ELK HILLS, LLC, a Delaware limited liability company (“CREH”). Each of the Company and CREH is sometimes referred to herein as a “Party” and collectively as the “Parties.”

MASTER SERVICES AGREEMENT
Master Services Agreement • February 7th, 2018 • California Resources Corp • Crude petroleum & natural gas • Delaware

This MASTER SERVICES AGREEMENT (this “Agreement”), is entered into as of February 7, 2018 (the “Effective Date”), by and between Elk Hills Power, LLC, a Delaware limited liability company (the “Company”), and California Resources Elk Hills, LLC, a Delaware limited liability company (together with any Affiliate providing Services hereunder pursuant to Section 1(e), the “Operator”). The Company and the Operator are referred to collectively as the “Parties” and each individually as a “Party”.

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