Document:

Registration Rights Agreement dated as of September 23, 2009

 Exhibit 4.2 
 EXECUTION VERSION 
 REGISTRATION RIGHTS AGREEMENT 
 by and among 
 Continental Resources, Inc.,

 Banner Pipeline Company, L.L.C. 
 and 
 Banc of America Securities LLC 
 RBS Securities Inc. 
 Wells Fargo Securities, LLC 
 as representatives of the Initial Purchasers 
 Dated as of September 23, 2009 

 REGISTRATION RIGHTS AGREEMENT 
 This Registration Rights Agreement (this “Agreement”) is made and entered into as of September 23, 2009, by and among Continental
Resources, Inc., an Oklahoma corporation (the “Company”), Banner Pipeline Company, L.L.C., an Oklahoma limited liability company (the “Guarantor”), and Banc of America Securities LLC, RBS Securities Inc. and Wells
Fargo Securities, LLC, as representatives of the initial purchasers listed on Schedule A to the Purchase Agreement (each an “Initial Purchaser” and, collectively, the “Initial Purchasers”), each of whom has agreed
to purchase the Company’s 8.25% Senior Notes due 2019 (the “Initial Notes”) fully and unconditionally guaranteed by the Guarantor (the “Guarantees”) pursuant to the Purchase Agreement (as defined below). The
Initial Notes and the Guarantees attached thereto are herein collectively referred to as the “Initial Securities.” 
 This
Agreement is made pursuant to the Purchase Agreement, dated as of September 18, 2009 (the “Purchase Agreement”), by and among the Company, the Guarantor and Banc of America Securities LLC, RBS Securities Inc. and Wells Fargo
Securities, LLC, as representatives of the Initial Purchasers, (i) for the benefit of the Initial Purchasers and (ii) for the benefit of the holders from time to time of the Securities (as defined below) (including the Initial Purchasers).
In order to induce the Initial Purchasers to purchase the Initial Securities, the Company has agreed to provide the registration rights set forth in this Agreement. The execution and delivery of this Agreement is a condition to the obligations of
the Initial Purchasers set forth in Section 5(g) of the Purchase Agreement. 
 The parties hereby agree as follows: 
 SECTION 1. Definitions. As used in this Agreement, the following capitalized terms shall have the following meanings:

 Additional Interest: As defined in Section 5. 
 Additional Interest Payment Date: With respect to the Initial Securities, each Interest Payment Date. 
 Broker-Dealer: Any broker or dealer registered under the Exchange Act. 
 Business Day: Any day other than a Saturday, Sunday or U.S. federal holiday or a day on which banking institutions or trust companies located in
New York, New York are authorized or obligated to be closed. 
 Closing Date: The date of this Agreement. 
 Commission: The Securities and Exchange Commission. 
 Consummate: A registered Exchange Offer shall be deemed “Consummated” for purposes of this Agreement upon the occurrence of (i) the filing and effectiveness under the Securities Act
of the Exchange Offer Registration Statement relating to the Exchange Securities to be issued in the Exchange Offer, (ii) the maintenance of such Registration Statement 

 
continuously effective and the keeping of the Exchange Offer open for a period not less than the minimum period required pursuant to Section 3(b)
hereof, and (iii) the delivery by the Company to the Registrar under the Indenture of Exchange Securities in the same aggregate principal amount as the aggregate principal amount of Initial Securities that were validly tendered by Holders
thereof pursuant to the Exchange Offer. 
 Exchange Act: The Securities Exchange Act of 1934, as amended, including the rules
and regulations promulgated thereunder. 
 Exchange Notes: The 8.25% Senior Notes due 2019, the same series under the Indenture
as the Initial Notes, to be issued to Holders in exchange for Transfer Restricted Securities pursuant to this Agreement. 
 Exchange
Offer: An offer registered under the Securities Act by the Company and the Guarantor pursuant to a Registration Statement pursuant to which the Company and the Guarantor shall offer the Holders of all outstanding Transfer Restricted
Securities the opportunity to exchange all such outstanding Transfer Restricted Securities held by such Holders for Exchange Securities in the aggregate principal amount equal to the aggregate principal amount of the Transfer Restricted Securities
tendered in such exchange offer by such Holders and with terms that are identical in all respects to the Transfer Restricted Securities (except that the Exchange Securities will not contain terms with respect to the interest rate step-up provision
and transfer restrictions). 
 Exchange Offer Registration Statement: Any Registration Statement relating to an Exchange Offer,
including the related Prospectus. 
 Exchange Securities: The Exchange Notes and the Guarantees attached thereto. 
 Exempt Resales: The transactions in which the Initial Purchasers propose to sell the Initial Securities to certain “qualified
institutional buyers,” as such term is defined in Rule 144A under the Securities Act, and to Persons in offshore transactions in reliance on Regulation S. 
 FINRA: Financial Industry Regulatory Authority, Inc. 
 Guarantees: As defined in the Purchase
Agreement. 
 Holders: As defined in Section 2(b) hereof. 
 Indemnified Holder: As defined in Section 8(a) hereof. 
 Indenture: The Indenture, dated as of September 23, 2009, among the Company, the Guarantor and Wilmington Trust FSB, as trustee (the “Trustee”), pursuant to which the Securities are
to be issued, as such Indenture is amended or supplemented from time to time in accordance with the terms thereof. 
 Initial
Notes: As defined in the preamble hereto, but only for so long as such securities constitute Transfer Restricted Securities. 
  

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 Initial Placement: The issuance and sale by the Company of the Initial Securities to the Initial
Purchasers pursuant to the Purchase Agreement. 
 Initial Purchasers: As defined in the preamble hereto. 
 Initial Securities: As defined in the preamble hereto. 
 Interest Payment Date: As defined in the Indenture and the Securities. 
 Person:
An individual, partnership, limited liability company, corporation, trust, unincorporated organization or other legal entity, or a government or agency or political subdivision thereof. 
 Prospectus: The prospectus included in a Registration Statement, as amended or supplemented by any prospectus supplement and by all other
amendments thereto, including post-effective amendments, and all material incorporated by reference into such prospectus. 
 Record
Holder: With respect to any Interest Payment Date relating to the Securities on which Additional Interest is to be paid, each Person who is a Holder of Securities on the record date with respect to the Interest Payment Date on which such
Additional Interest Payment Date shall occur. 
 Registration Default: As defined in Section 5 hereof. 
 Registration Statement: Any Exchange Offer Registration Statement or Shelf Registration Statement, which is filed pursuant to the
provisions of this Agreement, in each case, including the Prospectus included therein, all amendments and supplements thereto (including post-effective amendments) and all exhibits and material incorporated by reference therein. 
 Securities: The Initial Securities and the Exchange Securities. 
 Securities Act: The Securities Act of 1933, as amended, including the rules and regulations promulgated thereunder. 
 Shelf Registration Statement: As defined in Section 4 hereof. 
 Trust Indenture
Act: The Trust Indenture Act of 1939, including the rules and regulations promulgated thereunder, as in effect on the date of the Indenture. 
 Transfer Restricted Securities: Each (i) Initial Security, until the earliest to occur of (a) the date on which such Initial Security is exchanged in the Exchange Offer for an Exchange Security
and entitled to be resold to the public by the Holder thereof without complying with the prospectus delivery requirements of the Securities Act and (b) the date on which such Initial Security has been effectively registered under the Securities
Act and disposed of in accordance with a Shelf Registration Statement and (ii) Exchange Security issued to a Broker-Dealer until the date on which such Security has been distributed by a Broker-Dealer pursuant to the “Plan of
Distribution” contemplated by the Exchange Offer Registration Statement (including delivery of the Prospectus contained therein). 
  

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 Underwritten Registration or Underwritten Offering: A registration in which securities of
the Company are sold to an underwriter for reoffering to the public. 
 SECTION 2. Securities Subject to this
Agreement.  
 (a) Transfer Restricted Securities. The securities entitled to the benefits of this Agreement are the Transfer
Restricted Securities. 
 (b) Holders of Transfer Restricted Securities. A Person is deemed to be a holder of Transfer Restricted
Securities (each, a “Holder”) whenever such Person owns Transfer Restricted Securities. 
 SECTION 3.
Registered Exchange Offer.  
 (a) Unless the Exchange Offer shall not be permissible under applicable law or Commission policy
(after the procedures set forth in Section 6(a) hereof have been complied with), the Company and the Guarantor shall (i) file with the Commission a Registration Statement with respect to a registered offer to exchange the Initial
Securities for Exchange Securities under the Indenture in the same aggregate principal amount as and with terms that shall be identical in all respects to the Initial Securities (except that the Exchange Securities shall not contain terms with
respect to the interest rate step-up provision and transfer restrictions), (ii) use their commercially reasonable efforts to cause such Registration Statement to become effective under the Securities Act, (iii) in connection with the
foregoing, file (A) all pre-effective amendments to such Registration Statement as may be necessary in order to cause such Registration Statement to become effective, (B) if applicable, a post-effective amendment to such Registration
Statement pursuant to Rule 430A under the Securities Act and (C) cause all necessary filings in connection with the registration and qualification of the Exchange Securities to be made under the state securities or blue sky laws of such
jurisdictions as are necessary to permit Consummation of the Exchange Offer, and (iv) promptly after such Registration Statement is declared effective, commence the Exchange Offer. The Exchange Offer Registration Statement shall be on the
appropriate form permitting registration of the Exchange Securities to be offered in exchange for the Transfer Restricted Securities and to permit resales of Securities held by Broker-Dealers as contemplated by Section 3(c) hereof. 

(b) If an Exchange Offer Registration Statement is required pursuant to Section 3(a) above, the Company and the Guarantor shall cause the
Exchange Offer Registration Statement to be effective continuously and shall use their commercially reasonable efforts to keep the Exchange Offer open for not less than 20 Business Days (or longer if required by applicable law) after the date notice
of the Exchange Offer is mailed to the Holders. The Company and the Guarantor shall cause each Exchange Offer to comply with all applicable federal and state securities laws. No securities other than the Securities shall be included in the Exchange
Offer Registration Statement. If an Exchange Offer Registration Statement is required pursuant to Section 3(a) above, the Company and the Guarantor shall use their commercially reasonable efforts to Consummate the Exchange Offer on or prior to
the 400th calendar day following the Closing Date. 
  

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 (c) The Company shall indicate in a “Plan of Distribution” section contained in the Prospectus
forming a part of any Exchange Offer Registration Statement that any Broker-Dealer who holds Initial Securities that are Transfer Restricted Securities and that were acquired for its own account as a result of market-making activities or other
trading activities (other than Transfer Restricted Securities acquired directly from the Company), may exchange such Initial Securities pursuant to the Exchange Offer; however, such Broker-Dealer may be deemed to be an “underwriter”
within the meaning of the Securities Act and must, therefore, deliver a prospectus meeting the requirements of the Securities Act in connection with any resales of the Exchange Securities received by such Broker-Dealer in the Exchange Offer, which
prospectus delivery requirement may be satisfied by the delivery by such Broker-Dealer of the Prospectus contained in the Exchange Offer Registration Statement. Such “Plan of Distribution” section shall also contain all other information
with respect to such resales by Broker-Dealers that the Commission may require in order to permit such resales pursuant thereto, but such “Plan of Distribution” shall not name any such Broker-Dealer or disclose the amount of Securities
held by any such Broker-Dealer except to the extent required by the Commission as a result of a change in policy after the date of this Agreement. 
 If an Exchange Offer Registration Statement is required pursuant to Section 3(a) above, the Company and the Guarantor shall use their commercially reasonable efforts to keep the Exchange Offer Registration Statement continuously
effective, supplemented and amended as required by the provisions of Section 6(c) hereof to the extent necessary to ensure that it is available for resales of Securities acquired by Broker-Dealers for their own accounts as a result of
market-making activities or other trading activities, and to ensure that it conforms with the requirements of this Agreement, the Securities Act and the policies, rules and regulations of the Commission as announced from time to time, for a period
ending on the earlier of (i) 180 days from the date on which the Exchange Offer Registration Statement is declared effective and (ii) the date on which Broker-Dealers are no longer required to deliver a prospectus in connection with
market-making or other trading activities. 
 The Company shall provide sufficient copies of the latest version of such Prospectus to
Broker-Dealers promptly upon request at any time during such 180-day (or shorter as provided in the foregoing sentence) period in order to facilitate such resales. 
 SECTION 4. Shelf Registration.  
 (a) Shelf Registration. If
(i) the Company and the Guarantor are not required to file an Exchange Offer Registration Statement or to consummate the Exchange Offer for the Initial Securities because the Exchange Offer is not permitted by applicable law or Commission
policy (after the procedures set forth in Section 6(a) hereof have been complied with), (ii) for any reason the Exchange Offer for the Securities is not Consummated within 400 calendar days following the Closing Date, or (iii) with
respect to any Holder of Transfer Restricted Securities (A) such Holder is prohibited by applicable law or Commission policy from participating in the Exchange Offer, or (B) such Holder may not resell the Exchange Securities acquired by it
in the Exchange Offer to the public without delivering a prospectus and that the Prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales by such Holder, or (C) such Holder is a
Broker-Dealer and holds Initial Securities acquired directly from the Company or one of its affiliates, then, upon such Holder’s request, the Company and the Guarantor shall 
  

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 (x) cause to be filed, at their expense, a shelf registration statement pursuant to Rule
415 under the Securities Act, which may be an amendment to the Exchange Offer Registration Statement (in either event, the “Shelf Registration Statement”) as promptly as practicable, which Shelf Registration Statement shall provide
for resales of all Transfer Restricted Securities the Holders of which shall have provided the information required pursuant to Section 4(b) hereof; and 
 (y) use their commercially reasonable efforts to cause such Shelf Registration Statement to be declared effective (or become automatically
effective) under the Securities Act. 
 The Company and the Guarantor shall keep any such Shelf Registration Statement continuously
effective, supplemented and amended as required by the provisions of Sections 6(b) and (c) hereof to the extent necessary to ensure that it is available for resales of Securities by the Holders of Transfer Restricted Securities entitled to the
benefit of this Section 4(a), and to ensure that it conforms with the requirements of this Agreement, the Securities Act and the policies, rules and regulations of the Commission as announced from time to time, for a period of one year
following the effective date of such Shelf Registration Statement (or such shorter period that will terminate when all the Securities covered by such Shelf Registration Statement have been sold pursuant to such Shelf Registration Statement).

 (b) Provision by Holders of Certain Information in Connection with the Shelf Registration Statement. No Holder of Transfer
Restricted Securities may include any of its Transfer Restricted Securities in any Shelf Registration Statement pursuant to this Agreement unless and until such Holder furnishes to the Company in writing, within 20 Business Days after receipt of a
request therefor, such information as the Company may reasonably request for use in connection with any Shelf Registration Statement or Prospectus or preliminary Prospectus included therein. Each Holder as to which any Shelf Registration Statement
is being effected agrees to furnish promptly to the Company all information required to be disclosed in order to make the information previously furnished to the Company by such Holder not materially misleading. 
 SECTION 5. Additional Interest. If (a) the Exchange Offer is not consummated on or prior to the 400th calendar day
following the Closing Date, (b) a Shelf Registration Statement applicable to the Securities is not filed or declared effective (or does not automatically become effective) on or prior to the 400th calendar day following the Closing Date, or
(c) a Registration Statement applicable to the Securities is declared effective (or automatically becomes effective) as required but thereafter fails to remain effective or becomes unusable in connection with resales for more than 30 calendar
days (each such event referred to in clauses (a) through (c) above, a “Registration Default”), the Company hereby agrees that the interest rate borne by the Transfer Restricted Securities shall be increased by
1.0% per annum (“Additional Interest”) for the period of occurrence of the Registration Default until the earlier of the consummation of the Exchange Offer and such time as no Registration Default is in effect. Following the
cure of all Registration Defaults, Additional Interest will cease to accrue and the interest rate on the 

  

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Securities will revert to the original rate; provided, however, that, if after the date such Additional Interest ceases to accrue, another
Registration Default occurs, Additional Interest will again commence accruing pursuant to the foregoing provisions. 
 The Additional
Interest set forth above shall be the exclusive monetary remedy available to Holders for each Registration Default. 
 All obligations of the
Company and the Guarantor set forth in the preceding paragraph that are outstanding with respect to any Transfer Restricted Security at the time such security ceases to be a Transfer Restricted Security shall survive until such time as all such
obligations with respect to such Security shall have been satisfied in full. 
 SECTION 6. Registration
Procedures.  
 (a) Exchange Offer Registration Statement. In connection with each Exchange Offer, the Company and the Guarantor
shall comply with all of the provisions of Section 6(c) hereof, shall use their commercially reasonable efforts to effect such exchange to permit the sale of Transfer Restricted Securities being sold in accordance with the intended method or
methods of distribution thereof, and shall comply with all of the following provisions: 
 (i) If in the reasonable opinion of
counsel to the Company there is a question as to whether the Exchange Offer is permitted by applicable law, the Company and the Guarantor hereby agree to seek a no-action letter or other favorable decision from the Commission allowing the Company
and the Guarantor to Consummate Exchange Offer for the Initial Securities. The Company and the Guarantor each hereby agree to pursue the issuance of such a decision to the Commission staff level but shall not be required to take commercially
unreasonable action to effect a change of Commission policy. The Company and the Guarantor each hereby agree, however, to (A) participate in telephonic conferences with the Commission, (B) deliver to the Commission staff an analysis
prepared by counsel to the Company setting forth the legal bases, if any, upon which such counsel has concluded that such Exchange Offer should be permitted and (C) diligently pursue a favorable resolution by the Commission staff of such
submission. 
 (ii) As a condition to its participation in an Exchange Offer pursuant to the terms of this Agreement, each
Holder of Transfer Restricted Securities shall furnish, upon the request of the Company, prior to the Consummation thereof, a written representation to the Company (which may be contained in the letter of transmittal contemplated by the Exchange
Offer Registration Statement) to the effect that (A) it is not an affiliate of the Company, (B) it is acquiring the Exchange Securities in its ordinary course of business and (C) at the time of the commencement of the Exchange Offer,
it has no arrangement with any Person to participate in the distribution (within the meaning of the Securities Act) of the Exchange Securities to be issued in the Exchange Offer. In addition, all such Holders of Transfer Restricted Securities shall
otherwise cooperate in the Company’s preparations for the Exchange Offer. Each Holder will be required to acknowledge and agree that any Broker-Dealer and any such Holder using the Exchange Offer to participate in a distribution of the
securities to be acquired in the Exchange Offer (1) could not under Commission policy as in effect on the date of this Agreement rely on the 

  

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position of the Commission enunciated in Morgan Stanley and Co., Inc. (available June 5, 1991) and Exxon Capital Holdings Corporation (available
May 13, 1988), as interpreted in the Commission’s letter to Shearman & Sterling dated July 2, 1993, and similar no-action letters (which may include any no-action letter obtained pursuant to clause (i) above), and
(2) must comply with the registration and prospectus delivery requirements of the Securities Act in connection with a secondary resale transaction and that such a secondary resale transaction should be covered by an effective registration
statement containing the selling security holder information required by Item 507 or 508, as applicable, of Regulation S-K if the resales are of Exchange Securities obtained by such Holder in exchange for Initial Securities acquired by such
Holder directly from the Company. 
 (b) Shelf Registration Statement. In connection with the Shelf Registration Statement, the
Company and the Guarantor shall comply with all the provisions of Section 6(c) hereof and shall use their commercially reasonable efforts to effect such registration to permit the sale of the Transfer Restricted Securities being sold in
accordance with the intended method or methods of distribution thereof, and pursuant thereto the Company and the Guarantor will as expeditiously as possible prepare and file with the Commission a Registration Statement relating to the registration
on any appropriate form under the Securities Act, which form shall be available for the sale of the Transfer Restricted Securities in accordance with the intended method or methods of distribution thereof. 
 (c) General Provisions. In connection with any Registration Statement and any Prospectus required by this Agreement to permit the sale or resale
of Transfer Restricted Securities (including, without limitation, any Registration Statement and the related Prospectus required to permit resales of Securities by Broker-Dealers), the Company and the Guarantor shall: 
 (i) use its commercially reasonable efforts to keep such Registration Statement continuously effective and provide all requisite financial
statements (including, if required by the Securities Act or any regulation thereunder, financial statements of the Guarantor) for the period specified in Section 3 or 4 of this Agreement, as applicable; upon the occurrence of any event that
would cause any such Registration Statement or the Prospectus contained therein (A) to contain a material misstatement or omission or (B) not to be effective and usable for resale of Transfer Restricted Securities during the period
required by this Agreement, the Company shall file promptly an appropriate amendment to such Registration Statement, in the case of clause (A), correcting any such misstatement or omission, and, in the case of either clause (A) or (B), use its
commercially reasonable efforts to cause such amendment to be declared effective and such Registration Statement and the related Prospectus to become usable for their intended purposes as soon as practicable thereafter; 
 (ii) prepare and file with the Commission such amendments and post-effective amendments to such Registration Statement as may be necessary
to keep such Registration Statement effective for the applicable period set forth in Section 3 or 4 hereof, as applicable, or such shorter period as will terminate when all Transfer Restricted Securities covered by such Registration Statement
have been sold; cause the 

  

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Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 under the Securities Act, and to
comply fully with the applicable provisions of Rules 424, 430A and 430B under the Securities Act in a timely manner; and comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such Registration
Statement during the applicable period in accordance with the intended method or methods of distribution by the sellers thereof set forth in such Registration Statement or supplement to the Prospectus; 
 (iii) advise the underwriter(s), if any, and selling Holders promptly and, if requested by such Persons, confirm such advice in writing,
(A) when the Prospectus or any prospectus supplement or post-effective amendment has been filed, and, with respect to any Registration Statement or any post-effective amendment thereto, when the same has become effective, (B) of any
request by the Commission for amendments to the Registration Statement or amendments or supplements to the Prospectus or for additional information relating thereto, (C) of the issuance by the Commission of any stop order suspending the
effectiveness of such Registration Statement under the Securities Act or of the suspension by any state securities commission of the qualification of the Transfer Restricted Securities for offering or sale in any jurisdiction, or the initiation of
any proceeding for any of the preceding purposes, or (D) of the existence of any fact or the happening of any event that makes any statement of a material fact made in such Registration Statement, the Prospectus, any amendment or supplement
thereto, or any document incorporated by reference therein untrue, or that requires the making of any additions to or changes in such Registration Statement or the Prospectus in order to make the statements therein not misleading. If at any time the
Commission shall issue any stop order suspending the effectiveness of the Registration Statement, or any state securities commission or other regulatory authority shall issue an order suspending the qualification or exemption from qualification of
the Transfer Restricted Securities under state securities or blue sky laws, the Company and the Guarantor shall use their commercially reasonable efforts to obtain the withdrawal or lifting of such order at the earliest possible time; 
 (iv) furnish without charge to each of the Initial Purchasers, each selling Holder named in any Registration Statement, and each of the
underwriter(s), if any, before filing with the Commission, copies of any Registration Statement or any Prospectus included therein or any amendments or supplements to any such Registration Statement or Prospectus (including all documents
incorporated by reference after the initial filing of such Registration Statement), which documents will be subject to the review of such Holders and underwriter(s) in connection with such sale, if any, for a period of at least five Business Days,
and the Company will not file any such Registration Statement or Prospectus or any amendment or supplement to any such Registration Statement or Prospectus (including all such documents incorporated by reference) to which an Initial Purchaser of
Transfer Restricted Securities covered by such Registration Statement or the underwriter(s), if any, shall reasonably object in writing within five Business Days after the receipt thereof (such objection to be deemed timely made upon confirmation of
telecopy transmission within such period). The objection of an Initial Purchaser or underwriter, if any, shall be deemed to be reasonable if such Registration Statement, amendment, Prospectus or supplement, as applicable, as proposed to be filed,
contains a material misstatement or omission; 
  

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 (v) promptly prior to the filing of any document that is to be incorporated by reference
into a Registration Statement or Prospectus, provide copies of such document to the Initial Purchasers, each selling Holder named in any Registration Statement, and to the underwriter(s), if any, make representatives of the Company and of the
Guarantor available for discussion of such document and other customary due diligence matters, and include such information in such document prior to the filing thereof as such selling Holders or underwriter(s), if any, reasonably may request;

 (vi) make available at reasonable times for inspection by the Initial Purchasers, any managing underwriter participating in
any disposition pursuant to such Registration Statement and any attorney or accountant retained by such Initial Purchasers or any of the underwriter(s), all financial and other records, pertinent corporate documents and properties of the Company and
the Guarantor and cause the Company’s and the Guarantor’s officers, directors and employees to supply all information reasonably requested by any such Holder, underwriter, attorney or accountant in connection with such Registration
Statement or any post-effective amendment thereto subsequent to the filing thereof and prior to its effectiveness and to participate in meetings with investors to the extent requested by the managing underwriter(s), if any; 
 (vii) if requested by any selling Holders or the underwriter(s), if any, promptly incorporate in any Registration Statement or Prospectus,
pursuant to a supplement or post-effective amendment if necessary, such information as such selling Holders and underwriter(s), if any, may reasonably request to have included therein, including, without limitation, information relating to the
“Plan of Distribution” of the Transfer Restricted Securities, information with respect to the principal amount of Transfer Restricted Securities being sold to such underwriter(s), the purchase price being paid therefor and any other terms
of the offering of the Transfer Restricted Securities to be sold in such offering; and make all required filings of such Prospectus supplement or post-effective amendment as soon as practicable after the Company is notified of the matters to be
incorporated in such Prospectus supplement or post-effective amendment; 
 (viii) cause the Transfer Restricted Securities
covered by such Registration Statement to be rated with the appropriate rating agencies, if so requested by the Holders of a majority in aggregate principal amount of Securities covered thereby or the underwriter(s), if any; 
 (ix) furnish to each Initial Purchaser, each selling Holder and each of the underwriter(s), if any, without charge, at least one copy of
such Registration Statement, as first filed with the Commission, and of each amendment thereto, including financial statements and schedules, all documents incorporated by reference therein and all exhibits (including exhibits incorporated therein
by reference); 
 (x) deliver to each selling Holder and each of the underwriter(s), if any, without charge, as many copies of
the Prospectus (including each preliminary prospectus) and 

  

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any amendment or supplement thereto as such Persons reasonably may request; the Company and the Guarantor hereby consent to the use of the Prospectus and any
amendment or supplement thereto by each of the selling Holders and each of the underwriter(s), if any, in connection with the offering and the sale of the Transfer Restricted Securities covered by the Prospectus or any amendment or supplement
thereto; 
 (xi) enter into, and cause the Guarantor to enter into, such agreements (including an underwriting agreement), and
make, and cause the Guarantor to make, such representations and warranties, and take all such other actions in connection therewith in order to expedite or facilitate the disposition of the Transfer Restricted Securities pursuant to any Registration
Statement contemplated by this Agreement, all to such extent as may be reasonably requested by any Initial Purchaser or by any Holder of Transfer Restricted Securities or underwriter in connection with any sale or resale pursuant to any Registration
Statement contemplated by this Agreement; and in connection with any offering pursuant to a Shelf Registration Statement, whether or not an underwriting agreement is entered into and whether or not the registration is an Underwritten Registration,
the Company and the Guarantor shall: 
 (A) furnish to each Initial Purchaser, each selling Holder and each underwriter, if
any, in such substance and scope as they may request and as are customarily made by issuers to underwriters in primary underwritten offerings, upon the date of the effectiveness of the Shelf Registration Statement: 
 (1) a certificate, dated the date of effectiveness of the Shelf Registration Statement, signed by (y) the President or any Vice
President and (z) a principal financial or accounting officer of the Company, confirming, as of the date thereof and to the extent applicable, the representations and warranties of the Company and the Initial Guarantor set forth in
Section 1 of the Purchase Agreement and such other matters as such parties may reasonably request; 
 (2) an opinion,
dated the date of effectiveness of the Shelf Registration Statement, of counsel for the Company and the Guarantor, covering such matters as such parties may reasonably request, and in any event including a customary statement substantially to the
effect that such counsel has participated in conferences with officers and other representatives of the Company, representatives of the independent public accountants and independent reserve engineers for the Company, the Initial Purchasers’
representatives and the Initial Purchasers’ counsel in connection with the preparation of such Shelf Registration Statement and the related Prospectus and have considered the matters required to be stated therein and the statements contained
therein, although such counsel has not independently verified the accuracy, completeness or fairness of such statements; and that such counsel advises that, on the basis of the foregoing, no facts came to such counsel’s attention that caused
such counsel to believe that the Shelf Registration Statement, at the time such Shelf Registration Statement or any post-effective amendment thereto 

  

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became effective, contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the
statements therein not misleading, or that the Prospectus contained in such Shelf Registration Statement as of its date, contained an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements
therein, in the light of the circumstances under which they were made, not misleading. Without limiting the foregoing, such counsel may state further that such counsel assumes no responsibility for, and has not independently verified, the accuracy,
completeness or fairness of the financial statements, notes and schedules and other financial data or reserves data included in any Shelf Registration Statement contemplated by this Agreement or the related Prospectus; 
 (3) a customary comfort letter, dated the date of effectiveness of the Shelf Registration Statement from the Company’s independent
accountants, in the customary form and covering matters of the type customarily requested to be covered in comfort letters to underwriters in connection with primary underwritten offerings, and covering or affirming the matters set forth in the
comfort letters delivered pursuant to Section 5(a) of the Purchase Agreement; and 
 (4) a reserve report confirmation
letter, dated as of the date of effectiveness of the Shelf Registration Statement, from Ryder Scott Company, LP, in the customary form and covering matters of the type customarily included in such letters to underwriters in connection with primary
underwritten offerings, and affirming the matters set forth in the reserve report confirmation letter delivered pursuant to Section 5(b) of the Purchase Agreement. 
 (B) set forth in full or incorporate by reference in the underwriting agreement, if any, the indemnification provisions and procedures of
Section 8 hereof with respect to all parties to be indemnified pursuant to said Section; and 
 (C) deliver such other
documents and certificates as may be reasonably requested by such parties to evidence compliance with Section 6(c)(xi)(A) above and with any customary conditions contained in the underwriting agreement or other agreement entered into by the
Company or the Guarantor pursuant to this Section 6(c)(xi), if any. 
 If at any time the representations and warranties
of the Company and the Guarantor contemplated in Section 6(c)(xi)(A)(1) hereof cease to be true and correct, the Company or the Guarantor shall so advise the Initial Purchasers and the underwriter(s), if any, and each selling Holder promptly
and, if requested by such Persons, shall confirm such advice in writing; 
  

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 (xii) prior to any public offering of Transfer Restricted Securities, cooperate with the
selling Holders, the underwriter(s), if any, and their respective counsel in connection with the registration and qualification of the Transfer Restricted Securities under the securities or blue sky laws of such jurisdictions as the selling Holders
or underwriter(s) may request and do any and all other acts or things necessary or advisable to enable the disposition in such jurisdictions of the Transfer Restricted Securities covered by the Shelf Registration Statement; provided, however,
that neither the Company nor any Guarantor shall be required to register or qualify as a foreign corporation where it is not then so qualified or to take any action that would subject it to the service of process in suits or to taxation, other than
as to matters and transactions relating to the Registration Statement, in any jurisdiction where it is not then so subject; 
 (xiii) shall issue, upon the request of any Holder of Initial Securities covered by the Shelf Registration Statement, Exchange Securities, having an aggregate principal amount equal to the aggregate principal amount of Initial Securities
surrendered to the Company by such Holder in exchange therefor or being sold by such Holder; such Exchange Securities to be registered in the name of such Holder or in the name of the purchasers of such Securities, as the case may be; in return, the
Initial Securities held by such Holder shall be surrendered to the Company for cancellation; 
 (xiv) cooperate with the
selling Holders and the underwriter(s), if any, to facilitate the timely preparation and delivery of certificates representing Transfer Restricted Securities to be sold and not bearing any restrictive legends; and enable such Transfer Restricted
Securities to be in such denominations and registered in such names as the Holders or the underwriter(s), if any, may request at least two Business Days prior to any sale of Transfer Restricted Securities made by such Holders or underwriter(s);

 (xv) use its commercially reasonable efforts to cause the Transfer Restricted Securities covered by such Registration
Statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof or the underwriter(s), if any, to consummate the disposition of such Transfer Restricted
Securities, subject to the proviso contained in Section 6(c)(xii) hereof; 
 (xvi) if any fact or event contemplated by
Section 6(c)(iii)(D) hereof shall exist or have occurred, prepare a supplement or post-effective amendment to such Registration Statement or related Prospectus or any document incorporated therein by reference or file any other required
document so that, as thereafter delivered to the purchasers of Transfer Restricted Securities, the Prospectus will not contain an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements
therein not misleading; 
 (xvii) provide a CUSIP number for all Securities not later than the effective date of such
Registration Statement covering such Securities and provide the Trustee under the Indenture with printed certificates for such Securities which are in a form eligible for deposit with the Depository Trust Company and take all other action necessary
to ensure that all such Securities are eligible for deposit with the Depository Trust Company; 
  

 13 

 (xviii) cooperate and assist in any filings required to be made with the FINRA and in the
performance of any due diligence investigation by any underwriter (including any “qualified independent underwriter”) that is required to be retained in accordance with the rules and regulations of the FINRA, and use its commercially
reasonable efforts to cause such Registration Statement to become effective and approved by such governmental agencies or authorities as may be necessary to enable the Holders selling Transfer Restricted Securities to consummate the disposition of
such Transfer Restricted Securities; 
 (xix) otherwise use its commercially reasonable efforts to comply with all applicable
rules and regulations of the Commission, and make generally available to its security holders, as soon as practicable, a consolidated earnings statement meeting the requirements of Rule 158 (which need not be audited) for the twelve-month period
(A) commencing at the end of any fiscal quarter in which Transfer Restricted Securities are sold to underwriters in a firm commitment or best efforts Underwritten Offering or (B) if not sold to underwriters in such an offering, beginning
with the first month of the Company’s first fiscal quarter commencing after the effective date of such Registration Statement; 
 (xx) cause the Indenture to be qualified under the Trust Indenture Act not later than the effective date of the first Registration Statement required by this Agreement, and, in connection therewith, cooperate with the Trustee and the
Holders of Securities to effect such changes to the Indenture as may be required for such Indenture to be so qualified in accordance with the terms of the Trust Indenture Act; and execute and use its commercially reasonable efforts to cause the
Trustee to execute, all documents that may be required to effect such changes and all other forms and documents required to be filed with the Commission to enable such Indenture to be so qualified in a timely manner; 
 (xxi) cause all Transfer Restricted Securities covered by the Registration Statement to be listed on each securities exchange or automated
quotation system on which similar securities issued by the Company are then listed if requested by the Holders of a majority in aggregate principal amount of Initial Securities or the managing underwriter(s), if any; and 
 (xxii) provide promptly to each Holder upon request each document filed with the Commission pursuant to the requirements of
Section 13 and Section 15 of the Exchange Act. 
 Each Holder agrees by acquisition of a Transfer Restricted Security that, upon
receipt of any notice from the Company of the existence of any fact of the kind described in Section 6(c)(iii)(D) hereof, such Holder will forthwith discontinue disposition of Transfer Restricted Securities pursuant to the applicable
Registration Statement until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by Section 6(c)(xvi) hereof, or until it is advised in writing (the “Advice”) by the Company that the
use of the Prospectus may be resumed, and has received copies of any additional or supplemental filings that are incorporated by reference in the Prospectus. If so directed by the Company, each Holder will deliver to the Company (at the
Company’s expense) all copies, other than permanent file copies 

  

 14 

 
then in such Holder’s possession, of the Prospectus covering such Transfer Restricted Securities that was current at the time of receipt of such notice.
In the event the Company shall give any such notice, the time period regarding the effectiveness of such Registration Statement set forth in Section 3 or 4 hereof, as applicable, shall be extended by the number of days during the period from
and including the date of the giving of such notice pursuant to Section 6(c)(iii)(D) hereof to and including the date when each selling Holder covered by such Registration Statement shall have received the copies of the supplemented or amended
Prospectus contemplated by Section 6(c)(xvi) hereof or shall have received the Advice; provided, however, that no such extension shall be taken into account in determining whether Additional Interest is due pursuant to
Section 5 hereof or the amount of such Additional Interest, it being agreed that the Company’s option to suspend use of a Registration Statement pursuant to this paragraph shall be treated as a Registration Default for purposes of
Section 5 hereof. 
 SECTION 7. Registration Expenses.  
 (a) All expenses incident to the Company’s and the Guarantor’s performance of or compliance with this Agreement will be borne by the Company or
the Guarantor, jointly and severally, regardless of whether a Registration Statement becomes effective, including without limitation: (i) all registration and filing fees and expenses (including filings made by any Initial Purchaser or Holder
with the FINRA (and, if applicable, the fees and expenses of any “qualified independent underwriter” that may be required by the rules and regulations of the FINRA)); (ii) all fees and expenses of compliance with federal securities
and state securities or blue sky laws; (iii) all expenses of printing (including printing certificates for the Exchange Securities to be issued in the Exchange Offer and printing of Prospectuses), messenger and delivery services and telephone;
(iv) all fees and disbursements of counsel for the Company, the Guarantor and, subject to Section 7(b) hereof, the Holders of Transfer Restricted Securities; (v) all application and filing fees in connection with listing the Exchange
Securities on a securities exchange or automated quotation system pursuant to the requirements thereof; and (vi) all fees and disbursements of independent certified public accountants of the Company and the Guarantor (including the expenses of
any special audit and comfort letters required by or incident to such performance). 
 The Company and the Guarantor will, in any event, bear
its internal expenses (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting duties), the expenses of any annual audit and the fees and expenses of any Person, including special
experts, retained by the Company or the Guarantor. 
 (b) In connection with any Shelf Registration Statement required by this Agreement, the
Company and the Guarantor, jointly and severally, will reimburse the Initial Purchasers and the Holders of Transfer Restricted Securities registered pursuant to the Shelf Registration Statement, as applicable, for the reasonable fees and
disbursements of not more than one counsel, who shall be Davis Polk & Wardwell LLP or such other counsel as may be chosen by the Holders of a majority in principal amount of the Transfer Restricted Securities for whose benefit such Shelf
Registration Statement is being prepared. 
  

 15 

 SECTION 8. Indemnification.  
 (a) The Company and the Guarantor, jointly and severally, agree to indemnify and hold harmless (i) each Holder and (ii) each Person, if any,
who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) any Holder (any of the Persons referred to in this clause (ii) being hereinafter referred to as a “controlling
person”) and (iii) the respective officers, directors, partners, employees, representatives and agents of any Holder or any controlling person (any Person referred to in clause (i), (ii) or (iii) may hereinafter be referred
to as an “Indemnified Holder”), to the fullest extent lawful, from and against any and all losses, claims, damages, liabilities, judgments, actions and expenses (including, without limitation and as incurred, reimbursement of all
reasonable costs of investigating, preparing, pursuing, settling, compromising, paying or defending any claim or action, or any investigation or proceeding by any governmental agency or body, commenced or threatened, including the reasonable fees
and expenses of counsel to any Indemnified Holder), joint or several, directly or indirectly caused by, related to, based upon, arising out of or in connection with any untrue statement or alleged untrue statement of a material fact contained in any
Registration Statement or Prospectus (or any amendment or supplement thereto), or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, except
insofar as such losses, claims, damages, liabilities or expenses are caused by an untrue statement or omission or alleged untrue statement or omission that is made in reliance upon and in conformity with information relating to any of the Holders
furnished in writing to the Company by any of the Holders expressly for use therein. This indemnity agreement shall be in addition to any liability which the Company or the Guarantor may otherwise have. 
 In case any action or proceeding (including any governmental or regulatory investigation or proceeding) shall be brought or asserted against any of the
Indemnified Holders with respect to which indemnity may be sought against the Company or the Guarantor, such Indemnified Holder (or the Indemnified Holder controlled by such controlling person) shall promptly notify the Company and the Guarantor in
writing; provided, however, that the failure to give such notice shall not relieve the Company or the Guarantor of their respective obligations pursuant to this Agreement). Such Indemnified Holder shall have the right to employ its own
counsel in any such action and the fees and expenses of such counsel shall be paid, as incurred, by the Company and the Guarantor (regardless of whether it is ultimately determined that an Indemnified Holder is not entitled to indemnification
hereunder). The Company and the Guarantor shall not, in connection with any one such action or proceeding or separate but substantially similar or related actions or proceedings in the same jurisdiction arising out of the same general allegations or
circumstances, be liable for the reasonable fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) at any time for such Indemnified Holders, which firm shall be designated by the Holders. The Company and the
Guarantor shall be liable for any settlement of any such action or proceeding effected with the Company’s and the Guarantor’s prior written consent, which consent shall not be withheld unreasonably, and the Company and the Guarantor agrees
to indemnify and hold harmless any Indemnified Holder from and against any loss, claim, damage, liability or expense by reason of any settlement of any action effected with the written consent of the Company and the Guarantor. The Company and the
Guarantor shall not, without the prior written consent of each Indemnified Holder, settle or compromise or consent to the entry of judgment in or otherwise seek to terminate any pending or threatened action, claim, litigation or proceeding in
respect of which indemnification or contribution may be sought hereunder (whether or not any Indemnified Holder is a party thereto), unless such settlement, compromise, consent or termination includes an unconditional release of each Indemnified
Holder from all liability arising out of such action, claim, litigation or proceeding. 
  

 16 

 (b) Each Holder of Transfer Restricted Securities agrees, severally and not jointly, to indemnify and
hold harmless the Company, the Guarantor and their respective directors and officers who sign a Registration Statement, and any Person controlling (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act)
the Company or the Guarantor, and the respective officers, directors, partners, employees, representatives and agents of each such Person, to the same extent as the foregoing indemnity from the Company and the Guarantor to each of the Indemnified
Holders, but only with respect to claims and actions based on information relating to such Holder furnished in writing by such Holder expressly for use in any Registration Statement. In case any action or proceeding shall be brought against the
Company, the Guarantor or their respective directors or officers or any such controlling person in respect of which indemnity may be sought against a Holder of Transfer Restricted Securities, such Holder shall have the rights and duties given the
Company and the Guarantor, and the Company, the Guarantor, their respective directors and officers and such controlling person shall have the rights and duties given to each Holder by the preceding paragraph. 
 (c) If the indemnification provided for in this Section 8 is unavailable to an indemnified party under Section 8(a) or (b) hereof (other
than by reason of exceptions provided in those Sections) in respect of any losses, claims, damages, liabilities, judgments, actions or expenses referred to therein, then each applicable indemnifying party, in lieu of indemnifying such indemnified
party, shall contribute to the amount paid or payable by such indemnified party as a result of such losses, claims, damages, liabilities or expenses in such proportion as is appropriate to reflect the relative benefits received by the Company and
the Guarantor, on the one hand, and the Holders, on the other hand, from the Initial Placement (which in the case of the Company and the Guarantor shall be deemed to be equal to the total gross proceeds to the Company and the Guarantor from the
Initial Placement), the amount of Additional Interest which did not become payable as a result of the filing of the Registration Statement resulting in such losses, claims, damages, liabilities, judgments actions or expenses, and such Registration
Statement, or if such allocation is not permitted by applicable law, the relative fault of the Company and the Guarantor on the one hand, and of the Holders, on the other hand, in connection with the statements or omissions which resulted in such
losses, claims, damages, liabilities or expenses, as well as any other relevant equitable considerations. The relative fault of the Company and the Guarantor on the one hand and of the Indemnified Holder on the other shall be determined by reference
to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company and the Guarantor, on the one hand, or by the
Indemnified Holders, on the other hand, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The amount paid or payable by a party as a result of the losses,
claims, damages, liabilities and expenses referred to above shall be deemed to include, subject to the limitations set forth in the second paragraph of Section 8(a), any legal or other fees or expenses reasonably incurred by such party in
connection with investigating or defending any action or claim. 
 The Company, the Guarantor and each Holder of Transfer Restricted
Securities agree that it would not be just and equitable if contribution pursuant to this Section 8(c) were determined 

  

 17 

 
by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation which does not take account of
the equitable considerations referred to in the immediately preceding paragraph. The amount paid or payable by an indemnified party as a result of the losses, claims, damages, liabilities or expenses referred to in the immediately preceding
paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the
provisions of this Section 8, none of the Holders (and their related Indemnified Holders) shall be required to contribute, in the aggregate, any amount in excess of the amount by which the total discount received by such Holder with respect to
the Initial Securities exceeds the amount of any damages which such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this
Section 8(c) are several in proportion to the respective principal amount of Initial Securities held by each of the Holders hereunder and not joint. 
 SECTION 9. Rule 144A. The Company and the Guarantor hereby agree with each Holder, for so long as any Transfer Restricted Securities remain outstanding, to make available to any Holder or
beneficial owner of Transfer Restricted Securities in connection with any sale thereof and any prospective purchaser of such Transfer Restricted Securities from such Holder or beneficial owner, the information required by Rule 144A(d)(4) under the
Securities Act in order to permit resales of such Transfer Restricted Securities pursuant to Rule 144A under the Securities Act. 
 SECTION 10. Participation in Underwritten Registrations. No Holder may participate in any Underwritten Registration hereunder unless such Holder (a) agrees to sell such Holder’s Transfer
Restricted Securities on the basis provided in any underwriting arrangements approved by the Persons entitled hereunder to approve such arrangements and (b) completes and executes all reasonable questionnaires, powers of attorney, indemnities,
underwriting agreements, lock-up letters and other documents required under the terms of such underwriting arrangements. 
 SECTION 11. Selection of Underwriters. The Holders of Transfer Restricted Securities covered by the Shelf Registration Statement who desire to do so may sell such Transfer Restricted Securities in an
Underwritten Offering. In any such Underwritten Offering, the investment banker(s) and managing underwriter(s) that will administer such offering will be selected by the Holders of a majority in aggregate principal amount of the Transfer Restricted
Securities included in such offering; provided, however, that such investment banker(s) and managing underwriter(s) must be reasonably satisfactory to the Company. 
 SECTION 12. Miscellaneous. 
 (a) Remedies. The Company and the Guarantor hereby agree that monetary damages would not be adequate compensation for any loss incurred by reason of a breach by them of the provisions of this Agreement and
hereby agree to waive the defense in any action for specific performance that a remedy at law would be adequate. 
  

 18 

 (b) No Inconsistent Agreements. The Company and the Guarantor will not, on or after the date of
this Agreement enter into any agreement with respect to their securities that is inconsistent with the rights granted to the Holders in this Agreement or otherwise conflicts with the provisions hereof. Neither the Company nor the Guarantor has
entered into any agreement granting any registration rights with respect to its securities to any Person. The rights granted to the Holders hereunder do not in any way conflict with and are not inconsistent with the rights granted to the holders of
the Company’s securities under any agreement in effect on the date hereof. 
 (c) Adjustments Affecting the Securities. The
Company and the Guarantor will not take any action, or permit any change to occur, with respect to the Securities that would materially and adversely affect the ability of the Holders to Consummate any Exchange Offer. 
 (d) Amendments and Waivers. The provisions of this Agreement may not be amended, modified or supplemented, and waivers or consents to or
departures from the provisions hereof may not be given unless the Company has (i) in the case of Section 5 hereof and this Section 12(d)(i), obtained the written consent of Holders of all outstanding Transfer Restricted Securities and
(ii) in the case of all other provisions hereof, obtained the written consent of Holders of a majority of the outstanding principal amount of Transfer Restricted Securities (excluding any Transfer Restricted Securities held by the Company or
its Affiliates). Notwithstanding the foregoing, a waiver or consent to departure from the provisions hereof that relates exclusively to the rights of Holders whose securities are being tendered pursuant to an Exchange Offer and that does not affect
directly or indirectly the rights of other Holders whose securities are not being tendered pursuant to such Exchange Offer may be given by the Holders of a majority of the outstanding principal amount of Transfer Restricted Securities being tendered
or registered; provided, however, that, with respect to any matter that directly or indirectly affects the rights of any Initial Purchaser hereunder, the Company shall obtain the written consent of each such Initial Purchaser with
respect to which such amendment, qualification, supplement, waiver, consent or departure is to be effective. 
 (e) Notices. All
notices and other communications provided for or permitted hereunder shall be made in writing by hand-delivery, first-class mail (registered or certified, return receipt requested), telex, telecopier, or air courier guaranteeing overnight delivery:

 (i) if to a Holder, at the address set forth on the records of the Registrar under the Indenture, with a copy to the
Registrar under the Indenture; and 
 (ii) if to the Company or the Guarantor: 
 Continental Resources, Inc. 
 302 North Independence, Suite 1500 
 Enid, Oklahoma 73701 
 Facsimile: (580) 548-5253 
 Attention: John Hart 
  

 19 

 with a copy to: 
 Vinson & Elkins L.L.P. 
 1001 Fannin Street, Suite 2500 
 Houston, Texas 77002 
 Facsimile: (713) 615-5861 
 Attention: David Oelman 
 All such notices and communications shall be deemed to have been duly given: at
the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when answered back, if telexed; when receipt acknowledged, if telecopied; and on the next Business Day, if timely
delivered to an air courier guaranteeing overnight delivery. 
 Copies of all such notices, demands or other communications shall be
concurrently delivered by the Person giving the same to the Trustee at the address specified in the Indenture . 
 (f) Successors and
Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of each of the parties, including without limitation and without the need for an express assignment, subsequent Holders of Transfer Restricted
Securities; provided, however, that this Agreement shall not inure to the benefit of or be binding upon a successor or assign of a Holder unless and to the extent such successor or assign acquired Transfer Restricted Securities from such
Holder. 
 (g) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 
 (h) Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof. 
 (i) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE
CONFLICTS OF LAW RULES THEREOF. 
 (j) Severability. In the event that any one or more of the provisions contained herein, or the
application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be affected or
impaired thereby. 
 (k) Entire Agreement. This Agreement is intended by the parties as a final expression of their agreement and
intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, warranties or undertakings, other than those set forth
or referred to herein with respect to the registration rights granted by the Company with respect to the Transfer Restricted Securities. This Agreement supersedes all prior agreements and understandings between the parties with respect to such
subject matter. 
  

 20 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

  

			
	CONTINENTAL RESOURCES, INC.
		
	By:	 	 /s/ Donald P. Fischbach

	Name:	 	Donald P. Fischbach
	Title:	 	Secretary and General Counsel
	
	BANNER PIPELINE COMPANY, L.L.C., as Guarantor
		
	By:	 	 /s/ John D. Hart

	Name:	 	John D. Hart
	Title:	 	Senior Vice President, Chief Financial Officer and Treasurer

 The foregoing Registration Rights Agreement is hereby confirmed and accepted as of the date first above
written: 
  

			
	 BANC OF AMERICA SECURITIES LLC
 RBS
SECURITIES INC.
 WELLS FARGO SECURITIES, LLC
 Acting on behalf of themselves and as the Representatives of the several Initial Purchasers

		
	By:	 	BANC OF AMERICA SECURITIES LLC
		
	By:	 	 /s/ Lex Maultsby

	Name:	 	Lex Maultsby
	Title:	 	Managing Director
		
	By:	 	RBS SECURITIES INC.
		
	By:	 	 /s/ Michael F. Newcomb

	Name:	 	Michael F. Newcomb
	Title:	 	Managing Director
		
	By:	 	WELLS FARGO SECURITIES, LLC
		
	By:	 	 /s/ Kevin J. Scotto

	Name:	 	Kevin J. Scotto
	Title:	 	Vice PresidentPurchase Agreement dated as of September 18, 2009

 Exhibit 10.1 
 EXECUTION VERSION 
 Continental Resources, Inc. 
 Banner Pipeline Company, L.L.C. 
 $300,000,000 
 8.250% Senior Notes due 2019 
 PURCHASE A GREEMENT 
 dated September 18, 2009 
 Banc of America Securities LLC 
 RBS
Securities Inc. 
 Wells Fargo Securities, LLC 

 PURCHASE AGREEMENT 
 September 18, 2009 
 BANC OF AMERICA SECURITIES LLC

 RBS SECURITIES INC. 
 WELLS FARGO SECURITIES, LLC 
 As Representatives of the Initial Purchasers 
 c/o Banc of America Securities LLC 
 One Bryant Park 
 New York, New York 10036 
 Ladies and Gentlemen: 
 Introductory. Continental Resources, Inc., an Oklahoma corporation (the “Company”), proposes to issue and sell to the several Initial
Purchasers named in Schedule A (the “Initial Purchasers”), acting severally and not jointly, the respective amounts set forth in such Schedule A of $300,000,000 aggregate principal amount of the Company’s 8.250% Senior Notes due
2019 (the “Notes”). Banc of America Securities LLC, RBS Securities Inc. and Wells Fargo Securities, LLC have agreed to act as the representatives of the several Initial Purchasers (the “Representatives”) in connection with the
offering and sale of the Notes. 
 The Notes will be issued pursuant to an indenture, to be dated as of September 23, 2009 (the
“Indenture”), among the Company, the Initial Guarantor (as defined below) and Wilmington Trust FSB, as trustee (the “Trustee”). Notes will be issued only in book-entry form in the name of Cede & Co., as nominee of The
Depository Trust Company (the “Depositary”) pursuant to a letter of representations, to be dated on or before the Closing Date (as defined in Section 2 hereof) (the “DTC Agreement”), between the Company and the Depositary.

 The holders of the Notes will be entitled to the benefits of a registration rights agreement, to be dated as of the Closing Date (the
“Registration Rights Agreement”), among the Company, the Initial Guarantor and the Initial Purchasers, pursuant to which the Company and the Initial Guarantor may be required to file with the Commission (as defined below), under the
circumstances set forth therein, (i) a registration statement under the Securities Act (as defined below) relating to another series of debt securities of the Company with terms substantially identical to the Notes (the “Exchange
Notes”) and the Guarantors’ (as defined below) Exchange Guarantees (the “Exchange Guarantees”) to be offered in exchange for the Notes and the Guarantees (as defined below) (the “Exchange Offer”) and (ii) a shelf
registration statement pursuant to Rule 415 of the Securities Act relating to the resale by certain holders of the Notes, and in each case, to use their commercially reasonable efforts to cause such registration statements to be declared effective.
All references herein to the Exchange Notes and the Exchange Offer are only applicable if the Company and the Initial Guarantor are in fact required to consummate the Exchange Offer pursuant to the terms of the Registration Rights Agreement.

 The payment of principal of, premium, if any, and interest on the Notes and the Exchange Notes when and
as the same becomes due and payable, will be fully and unconditionally guaranteed on a senior unsecured basis, jointly and severally by (i) Banner Pipeline Company, L.L.C., the Company’s sole direct or indirect subsidiary (the
“Initial Guarantor”) and (ii) any subsidiary of the Company formed or acquired after the Closing Date that executes a supplement to the Indenture guaranteeing the Notes in accordance with the terms of the Indenture, and their
respective successors and assigns (together with the Initial Guarantor, the “Guarantors”), pursuant to their guarantees (the “Guarantees”). The Notes and the Guarantees related thereto are herein collectively referred to as the
“Securities”; and the Exchange Notes and the Guarantees related thereto are herein collectively referred to as the “Exchange Securities.” 
 Each of the Company and the Initial Guarantor understands that the Initial Purchasers propose to make an offering of the Securities on the terms and in the manner set forth herein and in the Pricing Disclosure Package
(as defined below) and agrees that the Initial Purchasers may resell, subject to the conditions set forth herein, all or a portion of the Securities to purchasers (the “Subsequent Purchasers”) on the terms set forth in the Pricing
Disclosure Package (the first time when sales of the Securities are made is referred to as the “Time of Sale”). The Securities are to be offered and sold to or through the Initial Purchasers without being registered with the Securities and
Exchange Commission (the “Commission”) under the Securities Act of 1933 (as amended, the “Securities Act,” which term, as used herein, includes the rules and regulations of the Commission promulgated thereunder), in reliance upon
exemptions therefrom. Pursuant to the terms of the Securities and the Indenture, investors who acquire Securities shall be deemed to have agreed that Securities may only be resold or otherwise transferred, after the date hereof, if such Securities
are registered for sale under the Securities Act or if an exemption from the registration requirements of the Securities Act is available (including the exemptions afforded by Rule 144A under the Securities Act (“Rule 144A”) or Regulation
S under the Securities Act (“Regulation S”)). 
 The Company has prepared and delivered to each Initial Purchaser copies of a
Preliminary Offering Memorandum, dated September 14, 2009 (the “Preliminary Offering Memorandum”), and has prepared and delivered to each Initial Purchaser copies of a Pricing Supplement, dated September 18, 2009 in the form
attached hereto as Annex II (the “Pricing Supplement”), describing the terms of the Securities, each for use by such Initial Purchaser in connection with its solicitation of offers to purchase the Securities. The Preliminary Offering
Memorandum and the Pricing Supplement are herein referred to as the “Pricing Disclosure Package.” Promptly after this Agreement is executed and delivered, the Company will prepare and deliver to each Initial Purchaser a final offering
memorandum dated the date hereof (the “Final Offering Memorandum”). 
 All references herein to the terms “Pricing Disclosure
Package” and “Final Offering Memorandum” shall be deemed to mean and include all information filed under the Securities Exchange Act of 1934 (as amended, the “Exchange Act,” which term, as used herein, includes the rules and
regulations of the Commission promulgated thereunder) prior to the Time of Sale and incorporated by reference in the Pricing Disclosure Package (including the Preliminary Offering Memorandum) or the Final Offering Memorandum (as the case may be),
and all references herein to the terms “amend,” “amendment” or “supplement” with respect to the Final Offering Memorandum shall be deemed to mean and include all information filed under the Exchange Act after the Time
of Sale and incorporated by reference in the Final Offering Memorandum. 
  

 2 

 The Company and the Initial Guarantor each hereby confirms its agreements with the Initial Purchasers as
follows: 
 SECTION 1. Representations and Warranties. Each of the Company and the Initial Guarantor, jointly and severally, hereby
represents, warrants and covenants to each Initial Purchaser that, as of the date hereof and as of the Closing Date (references in this Section 1 to the “Offering Memorandum” are to (x) the Pricing Disclosure Package in the case
of representations and warranties made as of the date hereof and (y) the Final Offering Memorandum in the case of representations and warranties made as of the Closing Date): 
 (a) No Registration Required. Subject to compliance by the Initial Purchasers with the representations and warranties set forth in Section 2
hereof and with the procedures set forth in Section 7 hereof, it is not necessary in connection with the offer, sale and delivery of the Securities to the Initial Purchasers and to each Subsequent Purchaser in the manner contemplated by this
Agreement and the Offering Memorandum to register the Securities under the Securities Act or, until such time as the Exchange Securities are issued pursuant to an effective registration statement, to qualify the Indenture under the Trust Indenture
Act of 1939, as amended (the “Trust Indenture Act,” which term, as used herein, includes the rules and regulations of the Commission promulgated thereunder). 
 (b) No Integration of Offerings or General Solicitation. None of the Company, its affiliates (as such term is defined in Rule 501 under the Securities Act) (each, an “Affiliate”), or any person acting
on its or any of their behalf (other than the Initial Purchasers and their Affiliates as to whom the Company makes no representation or warranty) has, directly or indirectly, solicited any offer to buy or offered to sell, or will, directly or
indirectly, solicit any offer to buy or offer to sell, in the United States or to any United States citizen or resident, any security which is or would be integrated with the sale of the Securities in a manner that would require the Securities to be
registered under the Securities Act. None of the Company, its Affiliates, or any person acting on its or any of their behalf (other than the Initial Purchasers and their Affiliates, as to whom the Company makes no representation or warranty) has
engaged or will engage, in connection with the offering of the Securities, in any form of general solicitation or general advertising within the meaning of Rule 502 under the Securities Act. With respect to those Securities sold in reliance upon
Regulation S, (i) none of the Company, its Affiliates or any person acting on its or their behalf (other than the Initial Purchasers and their Affiliates, as to whom the Company makes no representation or warranty) has engaged or will engage in
any directed selling efforts within the meaning of Regulation S and (ii) each of the Company and its Affiliates and any person acting on its or their behalf (other than the Initial Purchasers and their Affiliates, as to whom the Company makes
no representation or warranty) has complied and will comply with the offering restrictions set forth in Regulation S. 
 (c) Eligibility
for Resale under Rule 144A. When issued on the Closing Date, the Securities will be eligible for resale pursuant to Rule 144A and will not be of the same class as securities listed on a national securities exchange registered under
Section 6 of the Exchange Act or quoted in a U.S. automated inter-dealer quotation system. 
  

 3 

 (d) The Pricing Disclosure Package and Offering Memorandum. Neither the Pricing Disclosure
Package, as of the Time of Sale, nor the Final Offering Memorandum, as of its date or (as amended or supplemented in accordance with Section 3(a), as applicable) as of the Closing Date, contains or will contain an untrue statement of a material
fact or omits or will omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that this representation, warranty and agreement shall not
apply to statements in or omissions from the Pricing Disclosure Package, the Final Offering Memorandum or any amendment or supplement thereto made in reliance upon and in conformity with information furnished to the Company in writing by any Initial
Purchaser through the Representatives expressly for use in the Pricing Disclosure Package, the Final Offering Memorandum or amendment or supplement thereto, as the case may be. The Pricing Disclosure Package contains, and the Final Offering
Memorandum will contain, all the information specified in, and meeting the requirements of, Rule 144A. The Company has not distributed and will not distribute, prior to the later of the Closing Date and the completion of the Initial Purchasers’
distribution of the Securities, any offering material in connection with the offering and sale of the Securities other than the Pricing Disclosure Package and the Final Offering Memorandum. 
 (e) Company Additional Written Communications. The Company has not prepared, made, used, authorized, approved or distributed and will not prepare,
make, use, authorize, approve or distribute any written communication that constitutes an offer to sell or solicitation of an offer to buy the Securities (each such communication by the Company or its agents and representatives (other than a
communication referred to in clauses (i) and (ii) below) a “Company Additional Written Communication”) other than (i) the Pricing Disclosure Package, (ii) the Final Offering Memorandum, and (iii) any electronic
road show or other written communications, in each case used in accordance with Section 3(a). Each such Company Additional Written Communication, when taken together with the Pricing Disclosure Package, did not, and at the Closing Date will
not, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that this representation,
warranty and agreement shall not apply to statements in or omissions from each such Company Additional Written Communication made in reliance upon and in conformity with information furnished to the Company in writing by any Initial Purchaser
through the Representatives expressly for use in any Company Additional Written Communication. 
 (f) Incorporated Documents. The
documents incorporated or deemed to be incorporated by reference in the Offering Memorandum at the time they were or hereafter are filed with the Commission (collectively, the “Incorporated Documents”) complied and will comply in all
material respects with the requirements of the Exchange Act. 
 (g) The Purchase Agreement. This Agreement has been duly authorized,
executed and delivered by, and is a valid and binding agreement of, the Company and the Initial Guarantor. 
 (h) The Registration Rights
Agreement and DTC Agreement. Each of the Registration Rights Agreement and the DTC Agreement has been duly authorized and, on the Closing Date, will have been duly executed and delivered by, and, assuming the due 

  

 4 

 
authorization, execution and delivery thereof by the other parties thereto, each such agreement will constitute a valid and binding agreement of, the Company
and, in the case of the Registration Rights Agreement, the Initial Guarantor, enforceable in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws
relating to or affecting the rights and remedies of creditors or by general equitable principles (regardless of whether enforcement is considered in a proceeding in equity or at law) and except as rights to indemnification under the Registration
Rights Agreement may be limited by applicable law. 
 (i) Authorization of the Securities and the Exchange Securities. The Notes to be
purchased by the Initial Purchasers from the Company are substantially in the form contemplated by the Indenture, have been duly authorized for issuance and sale pursuant to this Agreement and the Indenture and, at the Closing Date, will have been
duly executed by the Company and, when issued and authenticated by the Trustee in the manner provided for in the Indenture and delivered against payment of the purchase price therefor, will constitute valid and binding agreements of the Company,
enforceable against the Company in accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of
creditors or by general equitable principles (regardless of whether enforcement is considered in a proceeding in equity or at law) and will be entitled to the benefits of the Indenture. The Exchange Notes have been duly and validly authorized for
issuance by the Company, and if and when issued and authenticated by the Trustee in accordance with the terms of the Indenture and delivered in the Exchange Offer contemplated by the Registration Rights Agreement, will constitute valid and binding
obligations of the Company, enforceable against the Company in accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or affecting enforcement
of the rights and remedies of creditors or by general equitable principles (regardless of whether enforcement is considered in a proceeding in equity or at law) and will be entitled to the benefits of the Indenture. The Initial Guarantor has duly
authorized the Guarantees and, when the Indenture has been duly authorized, executed and delivered by the Company and the Trustee and the Notes have been issued and authenticated in the manner provided for in the Indenture and delivered against
payment of the purchase price therefor, the Guarantees will constitute valid and binding agreements of the Initial Guarantor, enforceable against the Initial Guarantor in accordance with their terms, except as the enforcement thereof may be limited
by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles (regardless of whether enforcement is considered in a proceeding in equity
or at law). The Initial Guarantor has duly authorized the Exchange Guarantees and, when the Indenture has been duly authorized, executed and delivered by the Initial Guarantor and the Exchange Notes have been issued and authenticated in the manner
provided for in the Indenture and delivered in the Exchange Offer contemplated by the Registration Rights Agreement, the Exchange Guarantees will constitute valid and binding agreements of the Initial Guarantor, enforceable against the Initial
Guarantor in accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general
equitable principles (regardless of whether enforcement is considered in a proceeding in equity or at law). 
  

 5 

 (j) Authorization of the Indenture. The Indenture has been duly authorized by the Company and the
Initial Guarantor and, at the Closing Date, will have been duly executed and delivered by the Company and the Initial Guarantor and, assuming the due authorization, execution and delivery thereof by the trustee, will constitute a valid and binding
agreement of the Company and the Initial Guarantor, enforceable against the Company and the Initial Guarantor in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or
other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles (regardless of whether enforcement is considered in a proceeding in equity or at law). 
 (k) Description of the Securities and the Indenture. The Securities, the Exchange Securities and the Indenture will conform in all material
respects to the respective statements relating thereto contained in the Offering Memorandum. 
 (l) No Material Adverse Change. Since
the date of the most recent financial statements of the Company included or incorporated by reference in the Offering Memorandum, except in each case as otherwise disclosed in the Offering Memorandum: (i) there has not been any change in the
capital stock, or material change in the long-term debt, of the Company or the Initial Guarantor, or any dividend or distribution of any kind declared, set aside for payment, paid or made by the Company on any class of capital stock, or any material
adverse change, or any development involving a prospective material adverse change, in or affecting the business, properties, management, financial position, shareholders’ equity, results of operations or prospects of the Company and the
Initial Guarantor, taken as a whole (any such change is called a “Material Adverse Change”); (ii) neither the Company nor the Initial Guarantor has entered into any transaction or agreement that is material to the Company and the
Initial Guarantor, taken as a whole, or incurred any liability or obligation, direct or contingent, that is material to the Company and the Initial Guarantor, taken as a whole; and (iii) neither the Company nor the Initial Guarantor has
sustained any material loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor disturbance or dispute or any action, order or decree of any court or arbitrator or
governmental or regulatory authority. 
 (m) Independent Accountants. Grant Thornton LLP, which expressed its opinion with respect to
the financial statements (which term as used in this Agreement includes the related notes thereto) and supporting schedules filed with the Commission and included in the Offering Memorandum are independent public or certified public accountants
within the meaning of Regulation S-X under the Securities Act and the Exchange Act, and any non-audit services provided by Grant Thornton LLP to the Company or the Initial Guarantor have been approved by the Audit Committee of the Board of Directors
of the Company. 
 (n) Preparation of the Financial Statements. The financial statements, together with the related schedules and
notes, included in the Offering Memorandum present fairly the consolidated financial position of the entities to which they relate as of and at the dates indicated and the results of their operations and cash flows for the periods specified. Such
financial statements have been prepared in conformity with generally accepted accounting principles applied on a consistent basis throughout the periods involved, except as may be expressly stated in the related notes thereto. The audited financial
data set forth in the Offering Memorandum 

  

 6 

 
under the captions “Summary—Summary Historical Consolidated Financial Data” and “Selected Historical Consolidated Financial Data”
fairly present the information set forth therein on a basis consistent with that of the Company’s audited financial statements. The unaudited financial data set forth in the Offering Memorandum under the captions “Summary—Summary
Historical Consolidated Financial Data” and “Selected Historical Consolidated Financial Data” fairly present the information set forth therein on a basis consistent with that of the Company’s unaudited financial statements
contained in the Offering Memorandum. The pro forma financial information and the related notes thereto included in the Offering Memorandum give effect to assumptions made on a reasonable basis as set forth in the Offering Memorandum. 
 (o) Organization and Good Standing. Each of the Company and the Initial Guarantor has been duly organized and is validly existing and in good
standing under the laws of its jurisdiction of organization, is duly qualified to do business and is in good standing in each jurisdiction in which its ownership or lease of property or the conduct of its businesses requires such qualification, and
has all power and authority necessary to own or hold its properties and to conduct the businesses in which it is engaged, except where the failure to be so qualified or have such power or authority would not, individually or in the aggregate, have a
material adverse effect on the business, properties, management, financial condition, shareholders’ equity, results of operations, cash flows or prospects of the Company and the Initial Guarantor taken as a whole or on the transactions
contemplated hereby (a “Material Adverse Effect”). The Company does not own or control, directly or indirectly, any corporation, association or other entity other than the Initial Guarantor, and the Initial Guarantor is the only subsidiary
of the Company. 
 (p) Non-Contravention of Existing Instruments; No Further Authorizations or Approvals Required. Neither the Company
nor the Initial Guarantor is in violation of its charter or bylaws or similar organizational documents or is in default (or, with the giving of notice or lapse of time, would be in default) (“Default”) under any indenture, mortgage, loan
or credit agreement, note, contract, franchise, lease or other instrument to which the Company or the Initial Guarantor is a party or by which it may be bound (including, without limitation, the Company’s Sixth Amended and Restated Credit
Agreement, as amended, among the Company, the lenders party thereto from time to time and Union Bank of California, N.A., as administrative agent and as issuing lender, dated April 12, 2006), or to which any of the property or assets of the
Company or the Initial Guarantor is subject (each, an “Existing Instrument”), except for such Defaults as would not, individually or in the aggregate, result in a Material Adverse Effect. The Company’s and the Initial Guarantor’s
execution, delivery and performance of this Agreement, the Registration Rights Agreement, the DTC Agreement and the Indenture, and the issuance and delivery of the Securities or the Exchange Securities, and consummation of the transactions
contemplated hereby and thereby and by the Offering Memorandum (i) will not result in any violation of the provisions of the charter or bylaws or similar organizational documents of the Company or the Initial Guarantor, (ii) will not
conflict with or constitute a breach of, or Default under, or result in the creation or imposition of any lien, charge or encumbrance upon any property or assets of the Company or the Initial Guarantor pursuant to any Existing Instrument and
(iii) will not result in any violation of any law, administrative regulation or administrative or court decree applicable to the Company or the Initial Guarantor, except, in the case of clauses (ii) and (iii) above, for such
conflicts, breaches, Defaults, liens, charges, encumbrances or violations as would not, individually or in the aggregate, result in a Material Adverse Effect. Assuming the accuracy of the representations, warranties and covenants of the Initial
Purchasers set forth 

  

 7 

 
herein, no consent, approval, authorization or other order of, or registration or filing with, any court or other governmental or regulatory authority or
agency, is required for the Company’s and the Initial Guarantor’s execution, delivery and performance of this Agreement, the Registration Rights Agreement, the DTC Agreement or the Indenture, or the issuance and delivery of the Securities
or the Exchange Securities, or consummation of the transactions contemplated hereby and thereby and by the Offering Memorandum, except such as may be required by the Securities Act or the securities laws of the several states of the United States
with respect to the Company’s and the Initial Guarantor’s obligations under the Registration Rights Agreement or which, if not obtained or made, would not, individually or in the aggregate have a Material Adverse Effect. 
 (q) Legal Proceedings. Except as described in the Offering Memorandum, there are no legal, governmental or regulatory investigations, actions,
suits or proceedings pending to which the Company or the Initial Guarantor is or may be a party or to which any property of the Company or the Initial Guarantor is or may be the subject that, individually or in the aggregate, if determined adversely
to the Company or the Initial Guarantor, could reasonably be expected to have a Material Adverse Effect or materially and adversely affect the ability of the Company or the Initial Guarantor to perform its obligations under this Agreement; to the
knowledge of the Company, no such investigations, actions, suits or proceedings are threatened or contemplated by any governmental or regulatory authority or others; and (i) there are no current or pending legal, governmental or regulatory
actions, suits or proceedings that are required by the Exchange Act to be disclosed in an annual report on Form 10-K which are not so disclosed in the Offering Memorandum and (ii) there are no statutes, regulations or contracts or other
documents that are required by the Exchange Act to be disclosed in an annual report on Form 10-K which are not so disclosed in the Offering Memorandum. 
 (r) Licenses and Permits. The Company and the Initial Guarantor possess all licenses, certificates, permits and other authorizations issued by, and have made all declarations and filings with, the appropriate
federal, state, local or foreign governmental or regulatory authorities that are necessary for the ownership or lease of their respective properties or the conduct of their respective businesses as described in the Offering Memorandum, except where
the failure to possess or make the same would not, individually or in the aggregate, have a Material Adverse Effect; and except as described in the Offering Memorandum, or as would not, individually or in the aggregate, have a Material Adverse
Effect, neither the Company nor the Initial Guarantor has received notice of any revocation or modification of any such license, certificate, permit or authorization or has any reason to believe that any such license, certificate, permit or
authorization will not be renewed in the ordinary course. 
 (s) Title to Real and Personal Property. Each of the Company and the
Initial Guarantor has good and marketable title to all real and other property owned by it, in each case free and clear of all liens, encumbrances and defects except those (i) described in the Offering Memorandum or (ii) that would not,
individually or in the aggregate, have a Material Adverse Effect. Except as described in the Offering Memorandum, each of the Company and the Initial Guarantor holds all leased real and other property under valid and enforceable leases, with such
exceptions as would not have a Material Adverse Effect. 
 (t) Taxes. The Company and the Initial Guarantor have paid all federal,
state, local and foreign taxes and filed all tax returns required to be paid or filed through the date hereof; and 

  

 8 

 
except as otherwise disclosed in the Offering Memorandum, or as would not, individually or in the aggregate, have a Material Adverse Effect, there is no tax
deficiency that has been, or could reasonably be expected to be, asserted against the Company or the Initial Guarantor or any of their respective properties or assets. 
 (u) Investment Company Act. Each of the Company and the Initial Guarantor is not and, after giving effect to the offering and sale of the Securities and the application of the proceeds thereof as described in
the Offering Memorandum, will not be required to register as an “investment company” or an entity “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended, and the
rules and regulations of the Commission thereunder (collectively, “Investment Company Act”). 
 (v) Insurance. The Company
and the Initial Guarantor have insurance covering their respective properties, operations, personnel and businesses, which insurance is in amounts and insures against such losses and risks as are adequate to protect the Company and the Initial
Guarantor and their respective businesses; and neither the Company nor the Initial Guarantor has (i) received notice from any insurer or agent of such insurer that capital improvements or other expenditures are required or necessary to be made
in order to continue such insurance or (ii) any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage at reasonable cost from similar insurers as may
be necessary to continue its business. 
 (w) No Labor Disputes. No labor disturbance by or dispute with employees of the Company or
the Initial Guarantor exists or, to the knowledge of the Company, is contemplated or threatened; and the Company is not aware of any existing or imminent labor disturbance by, or dispute with, the employees of any of its or the Initial
Guarantor’s principal suppliers, contractors or customers, except as would not have a Material Adverse Effect. 
 (x) No Restrictions
on Subsidiary. No subsidiary of the Company is currently prohibited, directly or indirectly, under any agreement or other instrument to which it is a party or is subject, from paying any dividends to the Company, from making any other
distribution on such subsidiary’s capital stock, from repaying to the Company any loans or advances to such subsidiary from the Company or from transferring any of such subsidiary’s properties or assets to the Company. 
 (y) Forward-Looking Statements. No forward-looking statement (within the meaning of Section 27A of the Securities Act and Section 21E of
the Exchange Act) contained in the Offering Memorandum has been made or reaffirmed without a reasonable basis or has been disclosed other than in good faith. 
 (z) Statistical and Market Data. Nothing has come to the attention of the Company that has caused the Company to believe that the statistical and market-related data included in the Offering Memorandum is not
based on or derived from sources that are reliable and accurate in all material respects. 
 (aa) No Price Stabilization or
Manipulation. None of the Company or the Initial Guarantor has taken and or will take, directly or indirectly, any action designed to or that might be reasonably expected to cause or result in stabilization or manipulation of the price of any
security of the Company to facilitate the sale or resale of the Securities. 
  

 9 

 (bb) Sarbanes-Oxley Act. There is and has been no failure on the part of the Company, the Initial
Guarantor or any of their respective directors or officers, in their capacities as such, to comply with any applicable provision of the Sarbanes-Oxley Act of 2002 and any applicable rules and regulations promulgated in connection therewith,
including Section 402 relating to loans and Sections 302 and 906 relating to certifications. 
 (cc) Accounting Controls. The
Company and the Initial Guarantor maintain a system of “internal control over financial reporting” (as defined in Rule 13a-15(f) of the Exchange Act) that comply with the requirements of the Exchange Act and have been designed by, or under
the supervision of, the Company’s principal executive and principal financial officers, and effected by the Company’s board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles, including those policies and procedures that (i) pertain to the maintenance of records that in
reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of the Company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in
accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and (iii) provide reasonable assurance
regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company’s assets that could have a material effect on the Company’s financial statements. 
 (dd) Disclosure Controls. The Company and the Initial Guarantor maintain an effective system of “disclosure controls and procedures” (as
defined in Rule 13a-15(e) of the Exchange Act) that is designed to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the
time periods specified in the Commission’s rules and forms, including controls and procedures designed to ensure that such information is accumulated and communicated to the Company’s management as appropriate to allow timely decisions
regarding required disclosure. 
 (ee) Compliance with Environmental Laws. (i) The Company and the Initial Guarantor (x) are
in compliance with any and all applicable federal, state, local and foreign laws (including common law), rules, regulations, requirements, decisions and orders relating to the protection of human health and safety, the environment or hazardous or
toxic substances or wastes, pollutants or contaminants (collectively, “Environmental Laws”); (y) have received and are in compliance with all permits, licenses, certificates or other authorizations or approvals required of them under
applicable Environmental Laws (collectively “Environmental Permits”) to conduct their respective businesses; and (z) except as described in the Offering Memorandum, have not received any notice or claim relating to Environmental Laws,
including, without limitation, any notice or claim of any actual or potential liability for the investigation or remediation of any hazardous or toxic substances or wastes, pollutants or contaminants, and (ii) there are no costs or liabilities
(whether accrued, contingent, absolute, determined, determinable 

  

 10 

 
or otherwise) associated with Environmental Laws or Environmental Permits, including, without limitation, any capital or operating expenditures required for
cleanup, closure of properties or compliance with Environmental Laws or Environmental Permits, any related constraints on operating activities and any potential liabilities to third parties, of or relating to the Company or the Initial Guarantor,
except in the case of each of (i) and (ii) above, for any such failure to comply, or failure to receive required Environmental Permits, or cost or liability, as would not, individually or in the aggregate, have a Material Adverse Effect.

 (ff) Compliance With ERISA. Each employee benefit plan, within the meaning of Section 3(3) of the Employee Retirement Income
Security Act of 1974, as amended (“ERISA”), that is maintained, administered or contributed to by the Company or any of its affiliates for employees or former employees of the Company and its affiliates has been maintained in compliance,
in all material respects, with its terms and the requirements of any applicable statutes, orders, rules and regulations, including but not limited to ERISA and the Internal Revenue Code of 1986, as amended (the “Code”); no prohibited
transaction, within the meaning of Section 406 of ERISA or Section 4975 of the Code, has occurred with respect to any such plan excluding any transactions effected pursuant to a statutory or administrative exemption and transactions which,
individually or in the aggregate, would not have a Material Adverse Effect; and no such plan is subject to the funding rules of Section 412 of the Code or Section 302 of ERISA. 
 (gg) Related Party Transactions. No relationship, direct or indirect, exists between or among the Company or the Initial Guarantor, on the one
hand, and the directors, officers, shareholders, customers or suppliers of the Company or the Initial Guarantor, on the other, that is required by the Exchange Act to be disclosed in an annual report on Form 10-K which is not so disclosed in the
Offering Memorandum. 
 (hh) No Conflict with Money Laundering Laws. The operations of the Company and its subsidiaries are and have
been conducted at all times in compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all applicable jurisdictions,
the rules and regulations thereunder and any related or similar rules, regulations or guidelines issued, administered or enforced by any governmental agency (collectively, the “Money Laundering Laws”) and no action, suit or proceeding by
or before any court or governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries with respect to the Money Laundering Laws is pending or, to the best knowledge of the Company, threatened. 

(ii) Reserve Data. (i) The oil and natural gas reserve estimates of the Company and its subsidiary as of December 31, 2006, 2007 and
2008 contained in the Offering Memorandum are derived from reports that have been prepared by, or have been audited by, Ryder Scott Company, LP, as set forth and to the extent indicated therein, and (ii) such estimates fairly reflect the oil
and natural gas reserves of the Company and its subsidiary, as applicable, at the dates indicated therein and are in accordance, in all material respects, with Commission guidelines applied on a consistent basis throughout the periods involved.

 (jj) Independent Petroleum Engineers. Ryder Scott Company, LP have represented to the Company that they are, and the Company
believes them to be, independent petroleum engineers with respect to the Company and for the periods set forth in the Offering Memorandum. 
  

 11 

 Any certificate signed by an officer of the Company or the Initial Guarantor and delivered to the Initial
Purchasers or to counsel for the Initial Purchasers shall be deemed to be a representation and warranty by the Company or the Initial Guarantor to each Initial Purchaser as to the matters set forth therein. 
 SECTION 2. Purchase, Sale and Delivery of the Securities. 
 (a) The Securities. Each of the Company and the Initial Guarantor agrees to issue and sell to the Initial Purchasers, all of the Securities, and the Initial Purchasers agree, severally and not jointly, to
purchase from the Company and the Initial Guarantor the aggregate principal amount of Securities set forth opposite their names on Schedule A, at a purchase price of 96.910% of the principal amount thereof payable on the Closing Date, in each case,
on the basis of the representations, warranties and agreements herein contained, and upon the terms, subject to the conditions thereto, herein set forth. 
 (b) The Closing Date. Delivery of certificates for the Securities in definitive global form to be purchased by the Initial Purchasers and payment therefor shall be made at the offices of Davis Polk &
Wardwell LLP, 450 Lexington Avenue, New York, New York (or such other place as may be agreed to by the Company and the Representatives) at 9:00 a.m. New York City time, on September 23, 2009, or such other time and date as the Representatives
shall designate by notice to the Company (the time and date of such closing are called the “Closing Date”). The Company hereby acknowledges that circumstances under which the Representatives may provide notice to postpone the Closing Date
as originally scheduled include, but are in no way limited to, any determination by the Company or the Initial Purchasers to re-circulate to investors copies of an amended or supplemented Offering Memorandum or a delay as contemplated by the
provisions of Section 17 hereof. 
 (c) Delivery of the Securities. The Company shall deliver, or cause to be delivered, the
Securities to the Representatives for the accounts of the several Initial Purchasers through the facilities of the Depositary on the Closing Date against the irrevocable release of a wire transfer of immediately available funds for the amount of the
purchase price therefor. The certificates for the Securities shall be in such denominations and registered in the name of Cede & Co., as nominee of the Depositary, pursuant to the DTC Agreement, and shall be made available for inspection on
the business day preceding the Closing Date at a location in New York City, as the Representatives may designate. Time shall be of the essence, and delivery at the time and place specified in this Agreement is a further condition to the obligations
of the Initial Purchasers. 
 (d) Initial Purchasers as Qualified Institutional Buyers. Each Initial Purchaser severally and not
jointly represents and warrants to, and agrees with, the Company that it is a “qualified institutional buyer” within the meaning of Rule 144A (a “Qualified Institutional Buyer”). 
 SECTION 3. Additional Covenants. Each of the Company and the Initial Guarantor further covenants and agrees with each Initial Purchaser as
follows: 
 (a) Preparation of Final Offering Memorandum; Initial Purchasers’ Review of Proposed Amendments and Supplements and
Company Additional Written Communications. As promptly as practicable following the Time of Sale and in any event not later than the second business day following the date hereof, the Company will prepare and deliver to the Initial Purchasers
the Final Offering Memorandum, which shall consist of the Preliminary Offering Memorandum as modified only by the information contained in the Pricing Supplement. The Company will not amend or supplement the Preliminary Offering Memorandum or the
Pricing Supplement. The Company will not amend or supplement the Final Offering Memorandum prior to the Closing Date unless the Representatives shall previously have been furnished a copy of the proposed amendment or supplement at least two business
days prior to the proposed use or filing, and shall not have objected to such amendment or supplement. Before making, preparing, using, authorizing, approving or distributing any Company Additional Written Communication, the Company will furnish to
the Representatives a copy of such written communication for review and will not make, prepare, use, authorize, approve or distribute any such written communication to which the Representatives reasonably object. 
  

 12 

 (b) Amendments and Supplements to the Final Offering Memorandum and Other Securities Act Matters.
If, prior to the later of (x) the Closing Date and (y) the completion of the placement of the Securities by the Initial Purchasers with the Subsequent Purchasers, any event shall occur or condition exist as a result of which it is
necessary to amend or supplement the Final Offering Memorandum, as then amended or supplemented, in order to make the statements therein, in the light of the circumstances when the Final Offering Memorandum is delivered to a Subsequent Purchaser,
not misleading, or if in the judgment of the Representatives or counsel for the Initial Purchasers it is otherwise necessary to amend or supplement the Final Offering Memorandum to comply with law, the Company agrees to promptly prepare (subject to
Section 3 hereof), furnish at its own expense to the Initial Purchasers, amendments or supplements to the Final Offering Memorandum so that the statements in the Final Offering Memorandum as so amended or supplemented will not, in the light of
the circumstances at the Closing Date and at the time of sale of Securities, be misleading or so that the Final Offering Memorandum, as amended or supplemented, will comply with all applicable law. 
 (c) Copies of the Offering Memorandum. The Company agrees to furnish the Initial Purchasers, without charge, as many copies of the Pricing
Disclosure Package and the Final Offering Memorandum and any amendments and supplements thereto as they shall reasonably request. 
 (d)
Blue Sky Compliance. Each of the Company and the Initial Guarantor shall cooperate with the Representatives and counsel for the Initial Purchasers to qualify or register (or to obtain exemptions from qualifying or registering) all or any part
of the Securities for offer and sale under the securities laws of the several states of the United States, the provinces of Canada or any other jurisdictions designated by the Representatives, shall comply with such laws and shall continue such
qualifications, registrations and exemptions in effect so long as required for the distribution of the Securities. None of the Company or Initial Guarantor shall be required to qualify as a foreign corporation or to take any action that would
subject it to general service of process in any such jurisdiction where it is not presently qualified or where it would be subject to taxation as a foreign corporation. The Company will advise the Representatives promptly of the suspension of the
qualification or registration of (or any such exemption relating to) the 

  

 13 

 
Securities for offering, sale or trading in any jurisdiction or any initiation or threat of any proceeding for any such purpose, and in the event of the
issuance of any order suspending such qualification, registration or exemption, each of the Company and the Initial Guarantor shall use its commercially reasonable efforts to obtain the withdrawal thereof at the earliest possible moment. 

(e) Use of Proceeds. The Company shall apply the net proceeds from the sale of the Securities sold by it in the manner described under the
caption “Use of Proceeds” in the Pricing Disclosure Package. 
 (f) The Depositary. The Company will cooperate with the
Initial Purchasers and use its commercially reasonable efforts to permit the Securities to be eligible for clearance and settlement through the facilities of the Depositary. 
 (g) Additional Issuer Information. Prior to the completion of the placement of the Securities by the Initial Purchasers with the Subsequent
Purchasers, the Company shall file, on a timely basis, with the Commission and the New York Stock Exchange (the “NYSE”) all reports and documents required to be filed under Section 13 or 15 of the Exchange Act. Additionally, at any
time when the Company is not subject to Section 13 or 15 of the Exchange Act, for the benefit of holders and beneficial owners from time to time of the Securities, the Company shall furnish, at its expense, upon request, to holders and
beneficial owners of Securities and prospective purchasers of Securities information (“Additional Issuer Information”) satisfying the requirements of Rule 144A(d). 
 (h) Agreement Not To Offer or Sell Additional Securities. During the period of 45 days following the date hereof, the Company will not, without
the prior written consent of Banc of America Securities LLC (which consent may be withheld at the sole discretion of Banc of America Securities LLC), directly or indirectly, sell, offer, contract or grant any option to sell, pledge, transfer or
establish an open “put equivalent position” within the meaning of Rule 16a-1 under the Exchange Act, or otherwise dispose of or transfer, or announce the offering of, or file any registration statement under the Securities Act in respect
of, any debt securities of the Company or securities exchangeable for or convertible into debt securities of the Company (other than as contemplated by this Agreement and to register the Exchange Securities). For the avoidance of doubt, this
paragraph (h) shall not affect the Company’s ability to borrow amounts under its revolving credit facility or to increase the borrowing base thereunder. 
 (i) Future Reports to the Initial Purchasers. At any time when the Company is not subject to Section 13 or 15 of the Exchange Act and any Securities or Exchange Securities remain outstanding, the Company
will furnish to the Representatives and, upon request, to each of the other Initial Purchasers: (i) as soon as practicable after the end of each fiscal year, copies of the Annual Report of the Company containing the balance sheet of the Company
as of the close of such fiscal year and statements of income, shareholders’ equity and cash flows for the year then ended and the opinion thereon of the Company’s independent public or certified public accountants; (ii) as soon as
practicable after the filing thereof, copies of each proxy statement, Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K or other report filed by the Company with the Commission, the Financial Industry Regulatory
Authority, Inc. (“FINRA”) or any securities exchange; and (iii) as soon as available, copies of 

  

 14 

 
any report or communication of the Company mailed generally to holders of its capital stock or debt securities (including the holders of the Securities), if,
in each case, such documents are not filed with the Commission within the time periods specified by the Commission’s rules and regulations under Section 13 or 15 of the Exchange Act. 
 (j) No Integration. The Company agrees that it will not and will cause its Affiliates not to make any offer or sale of securities of the Company
of any class if, as a result of the doctrine of “integration” referred to in Rule 502 under the Securities Act, such offer or sale would render invalid (for the purpose of (i) the sale of the Securities by the Company to the Initial
Purchasers, (ii) the resale of the Securities by the Initial Purchasers to Subsequent Purchasers or (iii) the resale of the Securities by such Subsequent Purchasers to others) the exemption from the registration requirements of the
Securities Act provided by Section 4(2) thereof or by Rule 144A or by Regulation S thereunder or otherwise. 
 (k) No Restricted
Resales. During the period of one year after the Closing Date, the Company will not, and will not permit any of its affiliates (as defined in Rule 144 under the Securities Act) to resell any of the Notes which constitute “restricted
securities” under Rule 144 that have been reacquired by any of them. 
 (l) Legended Securities. Each certificate for a Security
will bear a legend substantially to the effect of that contained in “Notice to Investors” in the Preliminary Offering Memorandum for the time period and upon the other terms stated in the Preliminary Offering Memorandum. 
 The Representatives on behalf of the several Initial Purchasers, may, in their sole discretion, waive in writing the performance by the Company or the
Initial Guarantor of any one or more of the foregoing covenants or extend the time for their performance. 
 SECTION 4. Payment of
Expenses. Each of the Company and the Initial Guarantor agrees to pay all costs, fees and expenses incurred in connection with the performance of its obligations hereunder and in connection with the transactions contemplated hereby, including,
without limitation, (i) all expenses incident to the issuance and delivery of the Securities (including all printing and engraving costs), (ii) all necessary issue, transfer and other stamp taxes in connection with the issuance and sale of
the Securities to the Initial Purchasers, (iii) all fees and expenses of the Company’s and the Initial Guarantor’s counsel, independent public or certified public accountants, independent petroleum engineers and other advisors,
(iv) all costs and expenses incurred in connection with the preparation, printing, filing, shipping and distribution of the Pricing Disclosure Package and the Final Offering Memorandum (including financial statements and exhibits), and all
amendments and supplements thereto, this Agreement, the Registration Rights Agreement, the Indenture, the DTC Agreement and the Securities, (v) all filing fees and expenses incurred by the Company, the Initial Guarantor or the Initial
Purchasers in connection with qualifying or registering (or obtaining exemptions from the qualification or registration of) all or any part of the Securities for offer and sale under the securities laws of the several states of the United States,
the provinces of Canada or other jurisdictions designated by the Initial Purchasers (including, without limitation, the cost of preparing, printing and mailing preliminary and final blue sky or legal investment memoranda and any related supplements
to the Pricing Disclosure Package or the Final Offering Memorandum), (vi) the fees and expenses 

  

 15 

 
of the Trustee, including the fees and disbursements of counsel for the Trustee in connection with the Indenture, the Securities and the Exchange Securities,
(vii) any fees payable in connection with the rating of the Securities or the Exchange Securities with the ratings agencies, (viii) any filing fees incident to the review by FINRA, if any, of the terms of the sale of the Securities or the
Exchange Securities and (ix) all fees and expenses (including reasonable fees and expenses of counsel) of the Company and the Initial Guarantor in connection with approval of the Securities by the Depositary for “book-entry” transfer,
and the performance by the Company and the Initial Guarantor of their respective other obligations under this Agreement. The Initial Purchasers agree to pay all of their and the Company’s expenses incident to the “road show” for the
offering of the Securities, including the cost of leasing or operating any airplane (including the airplane owned or operated by the Company) or other transportation. Except as provided in this Section 4 and Sections 6, 8 and 9 hereof, the
Initial Purchasers shall pay their own expenses, including the fees and disbursements of their counsel. 
 SECTION 5. Conditions of the
Obligations of the Initial Purchasers. The obligations of the several Initial Purchasers to purchase and pay for the Securities as provided herein on the Closing Date shall be subject to the accuracy of the representations and warranties on the
part of the Company and the Initial Guarantor set forth in Section 1 hereof as of the date hereof and as of the Closing Date as though then made and to the timely performance by the Company of its covenants and other obligations hereunder, and
to each of the following additional conditions: 
 (a) Accountants’ Comfort Letter. On the date hereof, the Initial Purchasers
shall have received from Grant Thornton LLP, independent public or certified public accountants for the Company, a “comfort letter” dated the date hereof addressed to the Initial Purchasers, in form and substance satisfactory to the
Representatives, covering the financial information in the Preliminary Offering Memorandum and the Pricing Supplement and other customary matters. In addition, on the Closing Date, the Initial Purchasers shall have received from such accountants, a
“bring-down comfort letter” dated the Closing Date addressed to the Initial Purchasers, in form and substance satisfactory to the Representatives, in the form of the “comfort letter” delivered on the date hereof, except that
(i) it shall cover the financial information in the Final Offering Memorandum and any amendment or supplement thereto and (ii) procedures shall be brought down to a date no more than 5 days prior to the Closing Date. 
 (b) Reserve Letters. On the date hereof and on the Closing Date, Ryder Scott Company, LP shall have furnished to the Representatives, at the
request of the Company, reserve report confirmation letters, dated the respective dates of delivery thereof and addressed to the Initial Purchasers, in form and substance reasonably satisfactory to the Representatives, containing statements and
information of the type customarily included in such letters to Initial Purchasers with respect to the reserve and other operational information contained in the Offering Memorandum. 
 (c) No Material Adverse Change or Ratings Agency Change. For the period from and after the date of this Agreement and prior to the Closing Date:

 (i) in the judgment of the Representatives there shall not have occurred any Material Adverse Change; and 
  

 16 

 (ii) there shall not have occurred any downgrading, nor shall any notice have been given
of any intended or potential downgrading or of any review for a possible change that does not indicate the direction of the possible change, in the rating accorded any securities or indebtedness of the Company or the Initial Guarantor by any
“nationally recognized statistical rating organization” as such term is defined for purposes of Rule 436 under the Securities Act. 
 (d) Opinion of Counsel for the Company. On the Closing Date, the Initial Purchasers shall have received, in form and substance reasonably satisfactory to the Representatives, the favorable opinions of (i) Donald P. Fischbach,
General Counsel of the Company and (ii) Vinson & Elkins L.L.P., special counsel for the Company, each dated as of such Closing Date, the forms of which are attached as Exhibits A-1 and A-2, respectively. 
 (e) Opinion of Counsel for the Initial Purchasers. On the Closing Date, the Initial Purchasers shall have received the favorable opinion of Davis
Polk & Wardwell LLP, counsel for the Initial Purchasers, dated as of such Closing Date, with respect to such matters as may be reasonably requested by the Initial Purchasers. 
 (f) Officers’ Certificate. On the Closing Date, the Initial Purchasers shall have received in form and substance reasonably satisfactory to
the Representatives a written certificate executed by the Chairman of the Board, Chief Executive Officer or President of the Company and the Initial Guarantor and the Chief Financial Officer or Chief Accounting Officer of the Company and the Initial
Guarantor, dated as of the Closing Date, to the effect set forth in Section 5(c)(ii) hereof, and further to the effect that: 
 (i) for the period from and after the date of this Agreement and prior to the Closing Date there has not occurred any Material Adverse Change; 
 (ii) the representations, warranties and covenants of the Company and the Initial Guarantor set forth in Section 1 hereof were true and correct as of the date hereof and are true and correct as of the Closing
Date with the same force and effect as though expressly made on and as of the Closing Date; and 
 (iii) each of the Company
and the Initial Guarantor has complied with all the agreements and satisfied all the conditions on its part to be performed or satisfied at or prior to the Closing Date. 
 (g) Registration Rights Agreement. The Company and the Initial Guarantor shall have entered into the Registration Rights Agreement and the Initial Purchasers shall have received executed counterparts thereof.

 (h) Additional Documents. On or before the Closing Date, the Initial Purchasers and counsel for the Initial Purchasers shall have
received such information, documents and opinions as they may reasonably require for the purposes of enabling them to pass upon the issuance and sale of the Securities as contemplated herein, or in order to evidence the accuracy of any of the
representations and warranties, or the satisfaction of any of the conditions or agreements, herein contained. 
  

 17 

 If any condition specified in this Section 5 is not satisfied when and as required to be satisfied,
this Agreement may be terminated by the Representatives by notice to the Company at any time on or prior to the Closing Date, which termination shall be without liability on the part of any party to any other party, except that Sections 4, 6, 8
and 9 hereof shall at all times be effective and shall survive such termination. 
 SECTION 6. Reimbursement of Initial Purchasers’
Expenses. If this Agreement is terminated by the Representatives pursuant to Section 5 or clauses (i) or (v) of Section 10 hereof, including if the sale to the Initial Purchasers of the Securities on the Closing Date is not
consummated because of any refusal, inability or failure on the part of the Company to perform any agreement herein or to comply with any provision hereof, the Company agrees to reimburse the Initial Purchasers, severally, upon demand for all
out-of-pocket expenses that shall have been reasonably incurred by the Initial Purchasers in connection with the proposed purchase and the offering and sale of the Securities, including, without limitation, fees and disbursements of counsel,
printing expenses, travel expenses, postage, facsimile and telephone charges. 
 SECTION 7. Offer, Sale and Resale Procedures. Each of
the Initial Purchasers, on the one hand, and the Company and the Initial Guarantor, on the other hand, hereby agree to observe the following procedures in connection with the offer and sale of the Securities: 
 (A) Offers and sales of the Securities will be made only by the Initial Purchasers or Affiliates thereof qualified to do so in the
jurisdictions in which such offers or sales are permitted to be made. Each such offer or sale shall only be made to persons whom the offeror or seller reasonably believes to be Qualified Institutional Buyers or non-U.S. persons outside the United
States to whom the offeror or seller reasonably believes offers and sales of the Securities may be made in reliance upon Regulation S upon the terms and conditions set forth in Annex I hereto, which Annex I is hereby expressly made a part hereof.

 (B) The Securities will be offered by approaching prospective Subsequent Purchasers on an individual basis. No general
solicitation or general advertising (within the meaning of Rule 502 under the Securities Act) will be used in the United States in connection with the offering of the Securities. 
 (C) Upon original issuance by the Company, and until such time as the same is no longer required under the applicable requirements of the
Securities Act, the Securities (and all securities issued in exchange therefor or in substitution thereof, other than the Exchange Securities) shall bear the legend substantially in the form of that contained in “Notice to Investors” in
the Preliminary Offering Memorandum for the time period and upon the other terms stated in the Preliminary Offering Memorandum. 
 Following
the sale of the Securities by the Initial Purchasers to Subsequent Purchasers pursuant to the terms hereof, the Initial Purchasers shall not be liable or responsible to the Company for any losses, damages or liabilities suffered or incurred by the
Company, including any losses, damages or liabilities under the Securities Act, arising from or relating to any resale or transfer of any Security by Subsequent Purchasers. 
  

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 SECTION 8. Indemnification. 
 (a) Indemnification of the Initial Purchasers. Each of the Company and the Initial Guarantor, jointly and severally, agrees to indemnify and hold
harmless each Initial Purchaser, its directors, officers and employees, and each person, if any, who controls any Initial Purchaser within the meaning of the Securities Act and the Exchange Act against any loss, claim, damage, liability or expense,
as incurred, to which such Initial Purchaser, director, officer, employee or controlling person may become subject, under the Securities Act, the Exchange Act or other federal or state statutory law or regulation, or at common law or otherwise
(including in settlement of any litigation, if such settlement is effected with the written consent of the Company), insofar as such loss, claim, damage, liability or expense (or actions in respect thereof as contemplated below) arises out of or is
based: (i) upon any untrue statement or alleged untrue statement of a material fact contained in the Preliminary Offering Memorandum, the Pricing Supplement, any Company Additional Written Information or the Final Offering Memorandum (or any
amendment or supplement thereto), or the omission or alleged omission therefrom of a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading; (ii) in whole or
in part upon any inaccuracy in the representations and warranties of the Company contained herein; (iii) in whole or in part upon any failure of the Company to perform its obligations hereunder or under law; or (iv) any act or failure to
act or any alleged act or failure to act by any Initial Purchaser in connection with, or relating in any manner to, the offering contemplated hereby, and which is included as part of or referred to in any loss, claim, damage, liability or action
arising out of or based upon any matter covered by clause (i) above, provided that the Company shall not be liable under this clause (iv) to the extent that a court of competent jurisdiction shall have determined by a final judgment that
such loss, claim, damage, liability or action resulted directly from any such acts or failures to act undertaken or omitted to be taken by such Initial Purchaser through its gross negligence or willful misconduct; and to reimburse each Initial
Purchaser and each such director, officer, employee or controlling person for any and all expenses (including the fees and disbursements of counsel chosen by Banc of America Securities LLC) as such expenses are reasonably incurred by such Initial
Purchaser or such director, officer, employee or controlling person in connection with investigating, defending, settling, compromising or paying any such loss, claim, damage, liability, expense or action; provided, however, that the foregoing
indemnity agreement shall not apply to any loss, claim, damage, liability or expense to the extent, but only to the extent, arising out of or based upon any untrue statement or alleged untrue statement or omission or alleged omission made in
reliance upon and in conformity with written information furnished to the Company by the Representatives expressly for use in the Preliminary Offering Memorandum, the Pricing Supplement, any Company Additional Written Information or the Final
Offering Memorandum (or any amendment or supplement thereto). The indemnity agreement set forth in this Section 8(a) shall be in addition to any liabilities that the Company may otherwise have. 
 (b) Indemnification of the Company and the Initial Guarantor. Each Initial Purchaser agrees, severally and not jointly, to indemnify and hold
harmless the Company, the Initial Guarantor, each of their respective directors and officers and each person, if any, who controls the Company or the Initial Guarantor within the meaning of the Securities Act or the Exchange Act, against any loss,
claim, damage, liability or expense, as incurred, to which the Company, the Initial Guarantor or any such director or controlling person may become subject, under the Securities Act, the Exchange Act, or other federal or state statutory law or
regulation, or at 

  

 19 

 
common law or otherwise (including in settlement of any litigation, if such settlement is effected with the written consent of such Initial Purchaser),
insofar as such loss, claim, damage, liability or expense (or actions in respect thereof as contemplated below) arises out of or is based upon any untrue statement or alleged untrue statement of a material fact contained in the Preliminary Offering
Memorandum, the Pricing Supplement, any Company Additional Written Information or the Final Offering Memorandum (or any amendment or supplement thereto), or the omission or alleged omission therefrom of a material fact necessary in order to make the
statements therein, in the light of the circumstances under which they were made, not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in
the Preliminary Offering Memorandum, the Pricing Supplement, any Company Additional Written Information or the Final Offering Memorandum (or any amendment or supplement thereto), in reliance upon and in conformity with written information furnished
to the Company by the Representatives on behalf of such Initial Purchaser expressly for use therein; and to reimburse the Company, the Initial Guarantor and each such director or controlling person for any and all expenses (including the fees and
disbursements of counsel) as such expenses are reasonably incurred by the Company, the Initial Guarantor or such director or controlling person in connection with investigating, defending, settling, compromising or paying any such loss, claim,
damage, liability, expense or action. Each of the Company and the Initial Guarantor hereby acknowledges that the only information that the Initial Purchasers through the Representatives have furnished to the Company expressly for use in the
Preliminary Offering Memorandum, the Pricing Supplement, any Company Additional Written Information or the Final Offering Memorandum (or any amendment or supplement thereto) are the statements set forth in the second and third sentences of the 6th
paragraph and the entire next to last paragraph under the caption “Plan of Distribution” in the Preliminary Offering Memorandum and the Final Offering Memorandum. The indemnity agreement set forth in this Section 8(b) shall be in
addition to any liabilities that each Initial Purchaser may otherwise have. 
 (c) Notifications and Other Indemnification Procedures.
Promptly after receipt by an indemnified party under this Section 8 of notice of the commencement of any action, such indemnified party will, if a claim in respect thereof is to be made against an indemnifying party under this
Section 8, notify the indemnifying party in writing of the commencement thereof, but the omission so to notify the indemnifying party will not relieve it from any liability which it may have to any indemnified party for contribution or
otherwise than under the indemnity agreement contained in this Section 8 or to the extent it is not prejudiced as a proximate result of such failure. In case any such action is brought against any indemnified party and such indemnified party
seeks or intends to seek indemnity from an indemnifying party, the indemnifying party will be entitled to participate in and, to the extent that it shall elect, jointly with all other indemnifying parties similarly notified, by written notice
delivered to the indemnified party promptly after receiving the aforesaid notice from such indemnified party, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, if the defendants in any
such action include both the indemnified party and the indemnifying party and the indemnified party shall have reasonably concluded that a conflict may arise between the positions of the indemnifying party and the indemnified party in conducting the
defense of any such action or that there may be legal defenses available to it and/or other indemnified parties which are different from or additional to those available to the indemnifying party, the indemnified party or parties shall have the
right to select separate counsel to assume such legal defenses and to otherwise participate in the defense of such action 

  

 20 

 
on behalf of such indemnified party or parties. Upon receipt of notice from the indemnifying party to such indemnified party of such indemnifying
party’s election so to assume the defense of such action and approval by the indemnified party of counsel, the indemnifying party will not be liable to such indemnified party under this Section 8 for any legal or other expenses
subsequently incurred by such indemnified party in connection with the defense thereof unless (i) the indemnified party shall have employed separate counsel in accordance with the proviso to the next preceding sentence (it being understood,
however, that the indemnifying party shall not be liable for the expenses of more than one separate counsel (together with local counsel), approved by the indemnifying party (Banc of America Securities LLC in the case of Sections 8(b) and 9
hereof), representing the indemnified parties who are parties to such action) or (ii) the indemnifying party shall not have employed counsel satisfactory to the indemnified party to represent the indemnified party within a reasonable time after
notice of commencement of the action, in each of which cases the fees and expenses of counsel shall be at the expense of the indemnifying party. 
 (d) Settlements. The indemnifying party under this Section 8 shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the
plaintiff, the indemnifying party agrees to indemnify the indemnified party against any loss, claim, damage, liability or expense by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an indemnified party
shall have requested an indemnifying party to reimburse the indemnified party for fees and expenses of counsel as contemplated by this Section 8, the indemnifying party agrees that it shall be liable for any settlement of any proceeding
effected without its written consent if (i) such settlement is entered into more than 30 days after receipt by such indemnifying party of the aforesaid request and (ii) such indemnifying party shall not have reimbursed the indemnified
party in accordance with such request prior to the date of such settlement. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement, compromise or consent to the entry of judgment in any pending
or threatened action, suit or proceeding in respect of which any indemnified party is or could have been a party and indemnity was or could have been sought hereunder by such indemnified party, unless such settlement, compromise or consent
(i) includes an unconditional release of such indemnified party from all liability on claims that are the subject matter of such action, suit or proceeding and (ii) does not include any statements as to or any findings of fault,
culpability or failure to act by or on behalf of any indemnified party. 
 SECTION 9. Contribution. If the indemnification provided
for in Section 8 hereof is for any reason held to be unavailable to or otherwise insufficient to hold harmless an indemnified party in respect of any losses, claims, damages, liabilities or expenses referred to therein, then each indemnifying
party shall contribute to the aggregate amount paid or payable by such indemnified party, as incurred, as a result of any losses, claims, damages, liabilities or expenses referred to therein (i) in such proportion as is appropriate to reflect
the relative benefits received by the Company and the Initial Guarantor, on the one hand, and the Initial Purchasers, on the other hand, from the offering of the Securities pursuant to this Agreement or (ii) if the allocation provided by clause
(i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) above but also the relative fault of the Company and the Initial Guarantor, on the one
hand, and the Initial Purchasers, on the other hand, in connection with the statements or omissions or inaccuracies in 

  

 21 

 
the representations and warranties herein which resulted in such losses, claims, damages, liabilities or expenses, as well as any other relevant equitable
considerations. The relative benefits received by the Company and the Initial Guarantor, on the one hand, and the Initial Purchasers, on the other hand, in connection with the offering of the Securities pursuant to this Agreement shall be deemed to
be in the same respective proportions as the total net proceeds from the offering of the Securities pursuant to this Agreement (before deducting expenses) received by the Company, and the total discount received by the Initial Purchasers bear to the
aggregate initial offering price of the Securities. The relative fault of the Company and the Initial Guarantor, on the one hand, and the Initial Purchasers, on the other hand, shall be determined by reference to, among other things, whether any
such untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact or any such inaccurate or alleged inaccurate representation or warranty relates to information supplied by the Company and the
Initial Guarantor, on the one hand, or the Initial Purchasers, on the other hand, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission or inaccuracy. 
 The amount paid or payable by a party as a result of the losses, claims, damages, liabilities and expenses referred to above shall be deemed to include,
subject to the limitations set forth in Section 8 hereof, any legal or other fees or expenses reasonably incurred by such party in connection with investigating or defending any action or claim. The provisions set forth in Section 8 hereof
with respect to notice of commencement of any action shall apply if a claim for contribution is to be made under this Section 9; provided, however, that no additional notice shall be required with respect to any action for which notice has been
given under Section 8 hereof for purposes of indemnification. 
 The Company, the Initial Guarantor and the Initial Purchasers agree
that it would not be just and equitable if contribution pursuant to this Section 9 were determined by pro rata allocation (even if the Initial Purchasers were treated as one entity for such purpose) or by any other method of allocation which
does not take account of the equitable considerations referred to in this Section 9. 
 Notwithstanding the provisions of this
Section 9, no Initial Purchaser shall be required to contribute any amount in excess of the discount received by such Initial Purchaser in connection with the Securities distributed by it. No person guilty of fraudulent misrepresentation
(within the meaning of Section 11 of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Initial Purchasers’ obligations to contribute pursuant to this
Section 9 are several, and not joint, in proportion to their respective commitments as set forth opposite their names in Schedule A. For purposes of this Section 9, each director, officer and employee of an Initial Purchaser and each
person, if any, who controls an Initial Purchaser within the meaning of the Securities Act and the Exchange Act shall have the same rights to contribution as such Initial Purchaser, and each director of the Company or the Initial Guarantor, and each
person, if any, who controls the Company or the Initial Guarantor with the meaning of the Securities Act and the Exchange Act shall have the same rights to contribution as the Company and the Initial Guarantor. 
 SECTION 10. Termination of this Agreement. Prior to the Closing Date, this Agreement may be terminated by the Representatives by notice given to
the Company if at any time: (i)

  

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trading or quotation in any of the Company’s securities shall have been suspended or limited by the Commission or by the NYSE; (ii) trading in
securities generally on either the Nasdaq Stock Market or the NYSE shall have been suspended or limited, or minimum or maximum prices shall have been generally established on any of such quotation system or stock exchange by the Commission or FINRA;
(iii) a general banking moratorium shall have been declared by any of federal, New York or Oklahoma authorities; (iv) there shall have occurred any outbreak or escalation of national or international hostilities or any crisis or calamity,
or any change in the United States or international financial markets, or any substantial change or development involving a prospective substantial change in United States’ or international political, financial or economic conditions, as in the
judgment of the Representatives is material and adverse and makes it impracticable or inadvisable to proceed with the offering sale or delivery of the Securities in the manner and on the terms described in the Pricing Disclosure Package or to
enforce contracts for the sale of securities; and (v) the representation in Section 1(d) is incorrect in any respect. Any termination pursuant to this Section 10 shall be without liability on the part of (a) the Company or the
Initial Guarantor to any Initial Purchaser, except that the Company and the Initial Guarantor shall be obligated to reimburse the expenses of the Initial Purchasers pursuant to Sections 4 and 6 hereof, (b) any Initial Purchaser to the
Company, or (c) any party hereto to any other party except that the provisions of Sections 8 and 9 hereof shall at all times be effective and shall survive such termination. 
 SECTION 11. Representations and Indemnities to Survive Delivery. The respective indemnities, agreements, representations, warranties and other
statements of the Company, the Initial Guarantor, their respective officers and the several Initial Purchasers set forth in or made pursuant to this Agreement will remain in full force and effect, regardless of any investigation made by or on behalf
of any Initial Purchaser, the Company, the Initial Guarantor or any of their partners, officers or directors or any controlling person, as the case may be, and will survive delivery of and payment for the Securities sold hereunder and any
termination of this Agreement. 
 SECTION 12. Notices. All communications hereunder shall be in writing and shall be mailed, hand
delivered, couriered or facsimiled and confirmed to the parties hereto as follows: 
 If to the Initial Purchasers: 
 Banc of America Securities LLC 
 One Bryant Park 
 New York, New York 10036 
 Facsimile: 212-901-7897 
 Attention: Legal Department 
 with a copy to: 
 Davis Polk & Wardwell LLP 
 450 Lexington Avenue 
 New York, New York 10017 
 Facsimile: (212) 450-3800 
 Attention: Joseph A. Hall 
  

 23 

 If to the Company or the Initial Guarantor: 
 Continental Resources, Inc. 
 302 North Independence, Suite 1500 
 Enid, Oklahoma 73701 
 Facsimile: (580) 548-5253 
 Attention: John Hart 
 with a copy to: 
 Vinson & Elkins L.L.P. 
 1001 Fannin Street, Suite 2500 
 Houston, Texas 77002 
 Facsimile: (713) 615-5861 
 Attention: David Oelman 
 Any party hereto may change the address or facsimile number for receipt of
communications by giving written notice to the others. 
 SECTION 13. Successors. This Agreement will inure to the benefit of and be
binding upon the parties hereto, and to the benefit of the indemnified parties referred to in Sections 8 and 9 hereof, and in each case their respective successors, and no other person will have any right or obligation hereunder. The term
“successors” shall not include any Subsequent Purchaser of other purchaser of the Securities as such from any of the Initial Purchasers merely by reason of such purchase. 
 SECTION 14. Authority of the Representatives. Any action by the Initial Purchasers hereunder may be taken by the Representatives on behalf of the
Initial Purchasers, and any such action taken by the Representatives shall be binding upon the Initial Purchasers. 
 SECTION 15. Partial
Unenforceability. The invalidity or unenforceability of any section, paragraph or provision of this Agreement shall not affect the validity or enforceability of any other section, paragraph or provision hereof. If any section, paragraph or
provision of this Agreement is for any reason determined to be invalid or unenforceable, there shall be deemed to be made such minor changes (and only such minor changes) as are necessary to make it valid and enforceable. 
 SECTION 16. Governing Law Provisions.  
 THIS
AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN SUCH STATE WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES THEREOF. 
 SECTION 17. Default of One or More of the Several Initial Purchasers. If any one or more of the several Initial Purchasers shall fail or refuse to
purchase Securities that it or they have agreed to purchase hereunder on the Closing Date, and the aggregate principal amount of Securities which such defaulting Initial Purchaser or Initial Purchasers agreed but failed or 

  

 24 

 
refused to purchase does not exceed 10% of the aggregate principal amount of the Securities to be purchased on such date, the other Initial Purchasers shall
be obligated, severally, in the proportions that the principal amount of Securities set forth opposite their respective names on Schedule A bears to the aggregate principal amount of Securities set forth opposite the names of all such non-defaulting
Initial Purchasers, or in such other proportions as may be specified by the Initial Purchasers with the consent of the non-defaulting Initial Purchasers, to purchase the Securities which such defaulting Initial Purchaser or Initial Purchasers agreed
but failed or refused to purchase on the Closing Date. If any one or more of the Initial Purchasers shall fail or refuse to purchase Securities and the aggregate principal amount of Securities with respect to which such default occurs exceeds 10% of
the aggregate principal amount of Securities to be purchased on the Closing Date, and arrangements satisfactory to the Initial Purchasers and the Company for the purchase of such Securities are not made within 48 hours after such default, this
Agreement shall terminate without liability of any party to any other party except that the provisions of Sections 4, 6, 8 and 9 hereof shall at all times be effective and shall survive such termination. In any such case either the Initial
Purchasers or the Company shall have the right to postpone the Closing Date, as the case may be, but in no event for longer than seven days in order that the required changes, if any, to the Final Offering Memorandum or any other documents or
arrangements may be effected. 
 As used in this Agreement, the term “Initial Purchaser” shall be deemed to include any person
substituted for a defaulting Initial Purchaser under this Section 17. Any action taken under this Section 17 shall not relieve any defaulting Initial Purchaser from liability in respect of any default of such Initial Purchaser under this
Agreement. 
 SECTION 18. No Advisory or Fiduciary Responsibility. Each of the Company and the Initial Guarantor acknowledges and
agrees that: (i) the purchase and sale of the Securities pursuant to this Agreement, including the determination of the offering price of the Securities and any related discounts and commissions, is an arm’s-length commercial transaction
between the Company and the Initial Guarantor, on the one hand, and the several Initial Purchasers, on the other hand, and the Company and the Initial Guarantor are capable of evaluating and understanding and understand and accept the terms, risks
and conditions of the transactions contemplated by this Agreement; (ii) in connection with each transaction contemplated hereby and the process leading to such transaction each Initial Purchaser is and has been acting solely as a principal and
is not the agent or fiduciary of the Company, Initial Guarantor or their respective affiliates, stockholders, creditors or employees or any other party; (iii) no Initial Purchaser has assumed or will assume an advisory or fiduciary
responsibility in favor of the Company or the Initial Guarantor with respect to any of the transactions contemplated hereby or the process leading thereto (irrespective of whether such Initial Purchaser has advised or is currently advising the
Company or the Initial Guarantor on other matters) or any other obligation to the Company and the Initial Guarantor except the obligations expressly set forth in this Agreement; (iv) the several Initial Purchasers and their respective
affiliates may be engaged in a broad range of transactions that involve interests that differ from those of the Company and the Initial Guarantor and that the several Initial Purchasers have no obligation to disclose any of such interests by virtue
of any fiduciary or advisory relationship; and (v) the Initial Purchasers have not provided any legal, accounting, regulatory or tax advice with respect to the offering contemplated hereby and the Company and the Initial Guarantor have
consulted their own legal, accounting, regulatory and tax advisors to the extent they deemed appropriate. 
  

 25 

 This Agreement supersedes all prior agreements and understandings (whether written or oral) between the
Company, the Initial Guarantor and the several Initial Purchasers, or any of them, with respect to the subject matter hereof. The Company and the Initial Guarantor hereby waive and release, to the fullest extent permitted by law, any claims that the
Company and the Initial Guarantor may have against the several Initial Purchasers with respect to any breach or alleged breach of fiduciary duty. 
 SECTION 19. General Provisions. This Agreement constitutes the entire agreement of the parties to this Agreement and supersedes all prior written or oral and all contemporaneous oral agreements, understandings and negotiations with
respect to the subject matter hereof. This Agreement may be executed in two or more counterparts, each one of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement may
not be amended or modified unless in writing by all of the parties hereto, and no condition herein (express or implied) may be waived unless waived in writing by each party whom the condition is meant to benefit. The section headings herein are for
the convenience of the parties only and shall not affect the construction or interpretation of this Agreement. 
  

 26 

 If the foregoing is in accordance with your understanding of our agreement, kindly sign and return to the
Company the enclosed copies hereof, whereupon this instrument, along with all counterparts hereof, shall become a binding agreement in accordance with its terms. 
  

			
	Very truly yours,
	
	CONTINENTAL RESOURCES, INC.
		
	By:	 	 /s/ John D. Hart

	Name:	 	John D. Hart
	Title:	 	Senior Vice President, Chief Financial Officer and Treasurer
	
	BANNER PIPELINE COMPANY, L.L.C., as Initial Guarantor
		
	By:	 	 /s/ John D. Hart

	Name:	 	John D. Hart
	Title:	 	Senior Vice President, Chief Financial Officer and Treasurer

 The foregoing Purchase Agreement is hereby confirmed and accepted by the Initial Purchasers as of the
date first above written. 
  

			
	BANC OF AMERICA SECURITIES LLC
	RBS SECURITIES INC.
	WELLS FARGO SECURITIES, LLC
	 Acting on behalf of themselves
 and as the Representatives of
 the several Initial Purchasers

		
	By:	 	Banc of America Securities LLC
		
	By:	 	 /s/ Lex Maultsby

	Name:	 	Lex Maultsby
	Title:	 	Managing Director
		
	By:	 	RBS Securities Inc.
		
	By:	 	 /s/ Michael F. Newcomb

	Name:	 	Michael F. Newcomb
	Title:	 	Managing Director
		
	By:	 	Wells Fargo Securities, LLC
		
	By:	 	 /s/ Kevin J. Scotto

	Name:	 	Kevin J. Scotto
	Title:	 	Vice President

 SCHEDULE A 
  

				
	 Initial Purchasers
	  	Aggregate Principal
Amount of Securities to
be Purchased
	 Banc of America Securities LLC
	  	$	135,000,000
	 RBS Securities Inc.
	  	 	45,000,000
	 Wells Fargo Securities, LLC
	  	 	30,000,000
	 Capital One Southcoast, Inc.
	  	 	18,000,000
	 Fortis Securities LLC
	  	 	18,000,000
	 Mitsubishi UFJ Securities (USA), Inc.
	  	 	18,000,000
	 BBVA Securities Inc.
	  	 	12,000,000
	 TD Securities (USA) LLC
	  	 	12,000,000
	 U.S. Bancorp Investments, Inc.
	  	 	12,000,000
		  	 	 
	 Total
	  	$	300,000,000

 EXHIBIT A-1 
 Form of Opinion of Donald P. Fischbach, General Counsel of the Company 
 (1) Each of the Company and
the Initial Guarantor has been duly organized and is validly existing and in good standing under the laws of the State of Oklahoma. 
 (2)
Each of the Company and the Initial Guarantor is duly qualified to do business and is in good standing in each jurisdiction in which its ownership or lease of property or the conduct of its businesses requires such qualification, and has all power
and authority necessary to own or hold its properties and to conduct the businesses in which it is engaged, except where the failure to be so qualified or have such power or authority would not, individually or in the aggregate, have a Material
Adverse Effect. The Company has no subsidiaries other than the Initial Guarantor. 
 (3) Each of the Company and the Initial Guarantor has
full right, power and authority to execute and deliver the Purchase Agreement and to perform its obligations thereunder; and all action required to be taken for the due and proper authorization, execution and delivery of the Purchase Agreement and
the consummation of the transactions contemplated thereby has been duly and validly taken. 
 (4) The Registration Rights Agreement has been
duly authorized, executed and delivered by the Company and the Initial Guarantor. 
 (5) The Indenture has been duly authorized, executed and
delivered by the Company and the Initial Guarantor. 
 (6) The Notes have been duly authorized by the Company for issuance and sale pursuant
to the Purchase Agreement and the Indenture. 
 (7) The Exchange Notes have been duly and validly authorized for issuance by the Company.

 (8) The Guarantees of the Notes and the Exchange Notes have been duly authorized for issuance and sale pursuant to the Purchase Agreement
or the Registration Rights Agreement, as the case may be, and the Indenture and the notations of Guarantees affixed to the Notes have been duly executed by the Initial Guarantor. 
 (9) The execution and delivery of the Purchase Agreement, the Registration Rights Agreement, the DTC Agreement, the Securities, the Exchange Securities
and the Indenture by the Company and the Initial Guarantor and the performance by each of the Company and the Initial Guarantor of its obligations thereunder (other than performance by each of the Company and the Initial Guarantor of its obligations
under the indemnification section of the Purchase Agreement, as to which no opinion need be rendered): (i) will not result in any violation of the provisions of the charter or bylaws or similar organizational documents of the Company or the
Initial Guarantor, (ii) will not conflict with or constitute a breach of, or Default under, or result in the creation or imposition of any lien, charge or encumbrance upon any property or assets of the Company or the Initial Guarantor pursuant
to, any material agreement identified on Annex A to 

  

 Exhibit A-1-1 

 
this opinion [to cover material agreements that are exhibits to the 10-K other than credit agreement] or (iii) to such counsel’s knowledge will not
result in any violation of any law, administrative regulation or administrative or court decree applicable to the Company or the Initial Guarantor, except in the case of (ii) and (iii), for such conflict, breach or violation that would not,
individually or in the aggregate, have a Material Adverse Effect, and except for the purposes of clause (iii), any securities law or regulation. 
 (10) To the knowledge of such counsel, except as described in the Pricing Disclosure Package and the Final Offering Memorandum, there are no legal, governmental or regulatory investigations, actions, suits or proceedings pending to which
the Company or the Initial Guarantor is or may be a party or to which any property of the Company or the Initial Guarantor is or may be the subject which are required by the Exchange Act to be disclosed in an annual report on Form 10-K which are not
so disclosed in the Pricing Disclosure Package and the Final Offering Memorandum; and to the knowledge of such counsel, no such investigations, actions, suits or proceedings are threatened or contemplated by any governmental or regulatory authority
or threatened by others. 
 Such counsel shall also state that he has participated in conferences with representatives of the Company and
with representatives of its independent accountants and independent reserve engineers and other counsel of the Company at which conferences the contents of the Pricing Disclosure Package and the Final Offering Memorandum and any amendment and
supplement thereto and related matters were discussed. Although such counsel has not undertaken to determine independently, and does not assume any responsibility for, or express any opinion regarding the accuracy, completeness or fairness of the
statements contained in the Pricing Disclosure Package or the Final Offering Memorandum and any amendment or supplement thereto (except as expressly provided above), based upon the participation described above, nothing has come to the attention of
such counsel to cause such counsel to believe that the Pricing Disclosure Package, as of the Time of Sale (which such counsel may assume to be 2:00 (New York time) on the date of this Agreement), or that the Final Offering Memorandum, as of its date
or at the Closing Date, contained or contains any untrue statement of a material fact or omitted or omits to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not
misleading. In making the foregoing statement, such counsel need not express any comment or belief with respect to the financial statements and notes and related schedules and other financial and accounting data and the oil and natural gas reserve
estimates contained in or omitted from the Pricing Disclosure Package or the Final Offering Memorandum. 
 In rendering such opinion, such
counsel may rely as to matters of fact on certificates of responsible officers of the Company and the Initial Guarantor and public officials that are furnished to the Initial Purchasers. In addition, such counsel may limit the foregoing opinions in
all respects to the laws of the State of Oklahoma. 
 The opinion of Mr. Fischbach described above shall be rendered to the Initial Purchasers at the
request of the Company and shall so state therein. 
  

 Exhibit A-1-2 

 EXHIBIT A-2 
 Form of Opinion of Vinson & Elkins L.L.P., Special Counsel for the Company 
 (1) Assuming
the due authorization, execution and delivery of the Registration Rights Agreement by the parties thereto, the Registration Rights Agreement constitutes a valid and binding agreement of the Company and the Initial Guarantor, enforceable against the
Company and the Initial Guarantor in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of
creditors or by general equitable principles (regardless of whether enforcement is considered in a proceeding in equity or at law) and except as rights to indemnification thereunder may be limited by applicable law. 
 (2) Assuming the due authorization, execution and delivery of the Indenture by the parties thereto, the Indenture constitutes a valid and binding
agreement of the Company and the Initial Guarantor, enforceable against the Company and the Initial Guarantor in accordance with its terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or
other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles (regardless of whether enforcement is considered in a proceeding in equity or at law). 
 (3) The Notes are substantially in the form contemplated by the Indenture and, when executed by the Company and authenticated by the Trustee in the
manner provided in the Indenture (assuming the due authorization, execution and delivery of the Indenture by the parties thereto and the due authentication of the Notes by the Trustee) and delivered against payment of the purchase price therefor,
will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium, or other similar
laws relating to or affecting the rights and remedies of creditors or by general equitable principles (regardless of whether enforcement is considered in a proceeding in equity or at law) and will be entitled to the benefits of the Indenture.

 (4) Assuming the due authorization, execution and delivery of the Indenture and the Registration Rights Agreement by the parties thereto
and the due authentication of the Exchange Notes by the Trustee, the Exchange Notes, if and when issued and authenticated in accordance with the terms of the Indenture and delivered in the Exchange Offer contemplated by the Registration Rights
Agreement, will constitute valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, except as the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium, or other
similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles (regardless of whether enforcement is considered in a proceeding in equity or at law) and will be entitled to the benefits of the
Indenture. 
  

 Exhibit A-2-1 

 (5) Assuming that the Indenture has been duly authorized, executed and delivered by the parties thereto
and the Notes and the Exchange Notes have been issued and authenticated in the manner provided for in the Indenture and delivered against payment of the purchase price therefor (in the case of the Notes) or in exchange for the Notes as provided in
the Registration Rights Agreement (in the case of the Exchange Notes), the Guarantees of the Notes and the Exchange Notes will constitute valid and binding agreements of the Initial Guarantor, enforceable in accordance with their terms, except as
the enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or by general equitable principles (regardless of whether enforcement is
considered in a proceeding in equity or at law) and will be entitled to the benefits of the Indenture. 
 (6) The Securities and the
Indenture conform in all material respects to the descriptions thereof contained in the Pricing Disclosure Package and the Final Offering Memorandum. 
 (7) The documents incorporated by reference in the Pricing Disclosure Package and the Final Offering Memorandum (other than the financial statements and other financial information and oil and natural gas reserve
estimates contained therein and other than the exhibits to such documents, as to which such counsel need express no belief), when they were filed with the Commission, complied as to form in all material respects with the requirements of the Exchange
Act. 
 (8) The execution and delivery of the Purchase Agreement, the Registration Rights Agreement, the Securities, the Exchange Securities
and the Indenture by the Company and the Initial Guarantor and the performance by each of the Company and the Initial Guarantor of its obligations thereunder (other than performance by each of the Company and the Initial Guarantor of its obligations
under the indemnification section of the Purchase Agreement, as to which no opinion need be rendered): (i) will not conflict with or constitute a breach of, or Default under, or result in the creation or imposition of any lien, charge or
encumbrance upon any property or assets of the Company or the Initial Guarantor pursuant to, any agreement or document identified on Annex A to this opinion [to cover credit agreement and all amendments thereto] or (ii) will not result in any
violation of any law, administrative regulation or administrative or court decree applicable to the Company or the Initial Guarantor known to such counsel, except, for such conflict, breach or violation that would not, individually or in the
aggregate, have a Material Adverse Effect. With respect to clause (ii) above, such counsel need express no opinion in this paragraph (8) as to the application of any federal or state securities laws or regulations, Blue Sky laws or federal
or state anti-fraud laws or regulations. 
 (9) Assuming the accuracy of the representations, warranties and covenants of the Company, the
Initial Guarantor and the Initial Purchasers contained herein (including compliance with the offer, sale and resale procedures set forth in Section 7 hereof), no consent, approval, authorization or other order of, or registration or filing
with, any court or other governmental or regulatory authority or agency, is required for the Company’s and the Initial Guarantor’s execution, delivery and performance of the Purchase Agreement, the Registration Rights Agreement or the
Indenture, or the issuance and delivery of the Securities or the Exchange Securities, or consummation of the transactions contemplated hereby and thereby and 

  

 Exhibit A-2-2 

 
by the Pricing Disclosure Package and the Final Offering Memorandum, except such as may be required by the Securities Act or the securities laws of the
several states of the United States with respect to the Company’s and the Initial Guarantor’s obligations under the Registration Rights Agreement or which, if not obtained or made, would not, individually or in the aggregate have a
Material Adverse Effect. 
 (10) The statements included or incorporated by reference in the Pricing Disclosure Package and the Final
Offering Memorandum under the headings “Description of Other Indebtedness,” “Description of Notes,” “Business—Regulation of the Oil and Natural Gas Industry,” and “Certain United States Federal Tax
Consequences,” to the extent that they constitute a description of contracts or refer to statements of law or legal conclusions, are accurate and complete in all material respects. 
 (11) The Company is not and, after giving effect to the offering and sale of the Securities and the application of the proceeds thereof as described in
the Pricing Disclosure Package and the Final Offering Memorandum, will not be required to register as an “investment company” or an entity “controlled” by an “investment company” within the meaning of the Investment
Company Act. 
 (12) Assuming the accuracy of the representations, warranties and covenants of the Company, the Initial Guarantor and the
Initial Purchasers contained herein (including compliance with the offer, sale and resale procedures set forth in Section 7 hereof), no registration of the Notes or the Guarantees under the Securities Act, and no qualification of an indenture
under the Trust Indenture Act with respect thereto, is required in connection with the purchase of the Securities by the Initial Purchasers or the initial resale of the Securities by the Initial Purchasers to Qualified Institutional Buyers in the
manner contemplated by the Purchase Agreement and the Pricing Disclosure Package and the Final Offering Memorandum other than any registration or qualification that may be required in connection with the Exchange Offer contemplated by the
Registration Rights Agreement as described in the Pricing Disclosure Package and the Final Offering Memorandum. Such counsel need express no opinion, however, as to when or under what circumstances any Notes initially sold by the Initial Purchasers
may be reoffered or resold. 
 Such counsel shall also state that it has participated in conferences with representatives of the Company and
with representatives of its independent accountants, independent reserve engineers and other counsel at which conferences the contents of the Pricing Disclosure Package and the Final Offering Memorandum and any amendment and supplement thereto and
related matters were discussed. Although such counsel has not undertaken to determine independently, and does not assume any responsibility for, or express any opinion regarding the accuracy, completeness or fairness of the statements contained in
the Pricing Disclosure Package or the Final Offering Memorandum and any amendment or supplement thereto (except as expressly provided above), based upon the participation described above (relying as to factual matters in respect to the determination
of materiality to the extent such counsel deems reasonable upon statements of fact made to such counsel by representatives of the Company), nothing has come to the attention of such counsel to cause such counsel to believe that the Pricing
Disclosure Package, as of the Time of Sale (which such counsel may assume to be 2:00, New York time, on September 18, 2009), or that the Final Offering Memorandum, as of its date or at the Closing 

  

 Exhibit A-2-3 

 
Date, contained or contains any untrue statement of a material fact or omitted or omits to state a material fact necessary to make the statements therein, in
the light of the circumstances under which they were made, not misleading. In making the foregoing statement, such counsel need not express any comment or belief with respect to the financial statements and notes and related schedules and other
financial and accounting data and the oil and natural gas reserve estimates contained in or omitted from the Pricing Disclosure Package or the Final Offering Memorandum. 
 In rendering such opinions, such counsel may rely as to matters of fact on certificates of responsible officers of the Company and the Initial Guarantor and public officials that are furnished to the Initial
Purchasers. In addition, such counsel may limit the foregoing opinions in all respects to the federal laws of the United States and, as applicable, the laws of the State of New York. 
 The opinions of Vinson & Elkins L.L.P. described above shall be rendered to the Initial Purchasers at the request of the Company and shall so
state therein. 
  

 Exhibit A-2-4 

 ANNEX I 
 Resale Pursuant to Regulation S. 
 Each Initial Purchaser understands that: 
 Such Initial Purchaser agrees that it has not offered or sold and will not offer or sell the Securities in the United States or to, or for the benefit or
account of, a U.S. Person (other than a distributor), in each case, as defined in Rule 902 of Regulation S (i) as part of its distribution at any time and (ii) otherwise until 40 days after the later of the commencement of the
offering of the Securities pursuant hereto and the Closing Date, other than in accordance with Regulation S or another exemption from the registration requirements of the Securities Act. Such Initial Purchaser agrees that, during such 40-day
restricted period, it will not cause any advertisement with respect to the Securities (including any “tombstone” advertisement) to be published in any newspaper or periodical or posted in any public place and will not issue any circular
relating to the Securities, except such advertisements as are permitted by and include the statements required by Regulation S. 
 Such
Initial Purchaser agrees that, at or prior to confirmation of a sale of Securities by it to any distributor, dealer or person receiving a selling concession, fee or other remuneration during the 40-day restricted period referred to in Rule 903
of Regulation S, it will send to such distributor, dealer or person receiving a selling concession, fee or other remuneration a confirmation or notice to substantially the following effect: 
 “The Securities covered hereby have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may
not be offered and sold within the United States or to, or for the account or benefit of, U.S. persons (i) as part of your distribution at any time or (ii) otherwise until 40 days after the later of the date the Securities were first
offered to persons other than distributors in reliance upon Regulation S and the Closing Date, except in either case in accordance with Regulation S under the Securities Act (or in accordance with Rule 144A under the Securities Act or to
accredited investors in transactions that are exempt from the registration requirements of the Securities Act), and in connection with any subsequent sale by you of the Securities covered hereby in reliance on Regulation S under the Securities
Act during the period referred to above to any distributor, dealer or person receiving a selling concession, fee or other remuneration, you must deliver a notice to substantially the foregoing effect. Terms used above have the meanings assigned to
them in Regulation S under the Securities Act.” 
  

 Annex I-1 

 ANNEX II 
  

 Annex II-1 

			
	PRICING SUPPLEMENT	 	STRICTLY CONFIDENTIAL

 

 
 CONTINENTAL RESOURCES, INC. 
 September 18, 2009 
  
 This Pricing Supplement is qualified in its entirety by reference to the Preliminary Offering Memorandum dated September 14, 2009. The information in this Pricing Supplement supplements the Preliminary Offering
Memorandum and supersedes the information in the Preliminary Offering Memorandum to the extent inconsistent with the information in the Preliminary Offering Memorandum. 
 The Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and are being offered only to qualified institutional buyers pursuant to Rule 144A under the
Securities Act and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. 
 Terms
Applicable to the 8.250% Senior Notes due 2019 
  

						
	 Issuer:
	  	Continental Resources, Inc.	  
		
	 Principal Amount:
	  	$300,000,000	  
		
	 Gross Proceeds:
	  	$297,480,000	  
		
	 Title of Securities:
	  	8.250% Senior Notes due 2019 (the “Notes”)	  
		
	 Final Maturity Date:
	  	October 1, 2019	  
		
	 Issue Price:
	  	99.160%, plus accrued interest, if any, from September 23, 2009	  
		
	 Coupon:
	  	8.250%	  
		
	 Yield to Maturity:
	  	8.375%	  
		
	 Interest Payment Dates:
	  	April 1 and October 1, beginning on April 1, 2010	  
		
	 Record Dates:
	  	March 15 and September 15	  
		
	 Optional Redemption:
	  	Prior to October 1, 2014, the Notes will be redeemable by the Issuer, in whole or in part, at a price equal to 100% of the principal amount thereof, plus the “Applicable
Premium” as described in the Preliminary Offering Memorandum, plus accrued and unpaid interest, if any, to the date of redemption. In addition, the Notes will be redeemable by the Issuer, in whole or in part, on or after October 1, 2014 at the
redemption prices (expressed as percentages of the principal amount thereof) set forth below, plus accrued and unpaid interest, if any, to the applicable date of redemption, on October 1 of the years set forth below:	           
			
	 	  	 Year
	  	Price	 
		  	2014	  	104.125	% 

 This Pricing Supplement is qualified in its entirety by reference to the Preliminary Offering

 Memorandum dated September 14, 2009 
  
  

										
		  	2015	  	102.750	% 
			
		  	2016	  	101.375	% 
			
		  	2017 and thereafter	  	100.000	% 
		
	Optional Redemption with
Equity Proceeds:	  	Up to 35% at 108.250% prior to October 1, 2012	  
		
	Initial Purchasers:	  	 Banc of America Securities LLC
 RBS
Securities Inc.
 Wells Fargo Securities, LLC
 Capital One
Southcoast, Inc.
 Fortis Securities LLC
 Mitsubishi UFJ
Securities (USA), Inc.
 BBVA Securities Inc.
 TD Securities (USA)
LLC
 U.S. Bancorp Investments, Inc.
	   
   
   
   
   
   
   
   
   

		
	Trade Date:	  	September 18, 2009	  
		
	Settlement Date:	  	September 23, 2009 (T+3 business days)	  
		
	Denominations:	  	$1,000 and integral multiples of $1,000 in excess thereof	  
		
	Distribution:	  	144A and Regulation S with registration rights as set forth in the Preliminary
Offering Memorandum	   
			
	CUSIPS and ISIN
Numbers:	  	144A Notes:
CUSIP: 212015AA9
ISIN: US212015AA93	  	Reg S Notes:
CUSIP: U21171AB6
ISIN: USU21171AB66	    
		
	Changes to the Preliminary Offering
Memorandum:	  	The following changes will be made to the Preliminary Offering Memorandum.	   

 Summary 
 The
following disclosure under “Summary—Continental Resources, Inc.—Company Strengths” on page 2 and each other location where it appears in the Preliminary Offering Memorandum is amended to read as follows: 
 As of August 31, 2009, after giving effect to the application of the estimated net proceeds of this offering, we had outstanding borrowings under our revolving
credit facility of approximately $277.3 million and available borrowing capacity of approximately $472.7 million. 
 Ranking 
 The following disclosure under “Summary—The Offering—Ranking” on page 6 and each other location where it appears in the Preliminary Offering
Memorandum is amended to read as follows: 
 As of June 30, 2009, after giving effect to the application of the estimated net proceeds from this
offering, the notes would have ranked effectively junior to approximately $302.3 million of senior secured indebtedness outstanding under our revolving credit facility. See “Capitalization.” 
 Ratio of Earning to Fixed Charges 
 The following disclosure in note
(4) under “Summary—Summary Historical Consolidated Financial Data” on page 10 and in note (7) under “Selected Historical Consolidated Financial Data” on page 32 is amended to read as follows: 
 After giving effect to the application of the net proceeds of this offering, our pro forma ratio of earnings to fixed charges for the year ended December 31, 2008
would have been 19.3x, and earnings for the six months ended June 
  

 2 

 This Pricing Supplement is qualified in its entirety by reference to the Preliminary Offering

 Memorandum dated September 14, 2009 
  
  
 30, 2009 would have been inadequate to cover fixed charges by $30.2 million. 
 Use of Proceeds 
 The following disclosure under “Use of Proceeds” on page 29 and each other location where it appears in the Preliminary Offering Memorandum is amended to read
as follows: 
 We expect the net proceeds from this offering to be approximately $289.7 million, after deducting the initial purchasers’ discounts and
our estimated expenses. 
 Original Issue Discount 
 The
notes will not be issued with original issue discount, or OID, for U.S. federal income tax purposes. 
 Other information (including financial
information) presented in the Preliminary Offering Memorandum is deemed to have changed to the extent effected by the changes described herein. 
 This material is confidential and is for your information only and is not intended to be used by anyone other than you. This information does not purport to be a complete description of these Notes or the offering. Please refer to the
Preliminary Offering Memorandum for a complete description. 
 Any disclaimers or other notices that may appear below are not applicable to this
communication and should be disregarded. Such disclaimers or other notices were automatically generated as a result of this communication being sent via Bloomberg email or another communication system. 
  

 3

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