On August 30, 2022, Laredo Petroleum, Inc. entered into the Ninth Amendment to the Fifth Amended and Restated Credit Agreement (as amended, the “Senior Secured Credit Facility”) among the Company, as borrower, Wells Fargo, as administrative agent, the Guarantors and the bank signatory thereto. The Ninth Amendment, among other things, (i) adds additional capacity to making distributions of the Company's common stock and (ii) clarifies the conditions to making redemptions of the Company's debt, in each case, subject to the terms of the Ninth Amendment and the Amended Credit Facility. The parties hereto desire to enter into this Ninth Amendment (i) to amend the Credit Agreement as set forth in Section 2 hereof and (ii) to evidence the Administrative Agent's and the Required Banks' waiver of the Specified Defaults as set forth in Section 3 hereof.

The parties hereto desire this Ninth Amendment to be effective, subject to the satisfaction of the conditions precedent set forth in Section 4 hereof, as of the Ninth Amendment Effective Date.