Document:

EX-10.14

 Exhibit 10.14 

THIS AMENDED & RESTATED PROMISSORY NOTE (THIS “NOTE”) IS SUBJECT TO THE TERMS OF THAT CERTAIN SUBORDINATION AGREEMENT
DATED AS OF MAY 15, 2014 BY AND BETWEEN PAYEE AND SILICON VALLEY BANK (AS AMENDED, SUPPLEMENTED OR OTHERWISE MODIFIED FROM TIME TO TIME, THE “SUBORDINATION AGREEMENT”). 

OVERLAND STORAGE, INC. 

AMENDED & RESTATED PROMISSORY NOTE DUE MAY 15, 2018 
  

					
	$10,000,000.00	 		 	 San Diego, California

September 8, 2014

 FOR VALUE RECEIVED, OVERLAND STORAGE, INC., a California corporation (“Maker”),
unconditionally promises to pay SPHERE 3D CORPORATION, an Ontario corporation (“Payee”), on May 15, 2018 in the manner and at the place hereinafter provided, the principal amount equal to the lesser of (x) Ten
Million and no/100 Dollars ($10,000,000.00) and (y) the unpaid principal amount of all advances made by Payee to Maker (plus, in each case, interest that has been added to the principal amount of this Note in accordance with the terms hereof).
This Note amends and restates in its entirety that certain Promissory Note dated as of May 15, 2014 by Maker in favor of Payee (the “Existing Note”). This Note is executed and delivered in substitution for, but not in
satisfaction of, the Existing Note, and this Note shall not constitute a refinancing or novation of the Existing Note. 
 Maker also
promises to pay interest on the unpaid principal amount hereof from the date hereof until paid in full at a fluctuating interest rate per annum that is at all times equal to the Reference Rate (capitalized terms used herein and not otherwise defined
herein shall have the meanings provided in Section 8 below) plus 2.00%, such interest rate to change when and as the Reference Rate changes; provided that any principal amount not paid when due and, to the extent permitted by
applicable law, any interest not paid when due, in each case whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (both before as well as after judgment), shall bear interest payable upon demand at a
rate that is 2.00% per annum in excess of the rate of interest otherwise payable under this Note. Interest on this Note shall be payable semiannually in arrears on November 15 and May 15 of each year (each, an “Interest
Payment Date”), upon any prepayment of this Note (to the extent accrued on the amount being prepaid) and at maturity. The entire amount of the interest payable on each Interest Payment Date on this Note shall be paid through an increase in
the principal amount of the Note. All computations of interest shall be made by Payee on the basis of a 365-day year, for the actual number of days elapsed in the relevant period (including the first day but excluding the last day). In no event
shall the interest rate payable on this Note exceed the maximum rate of interest permitted to be charged under applicable law. 
 1.
Advances. Payee hereby agrees to lend to Maker funds in an aggregate principal amount equal to $10,000,000.00 as follows: (a) the first borrowing shall occur no later than May 20, 2014 and shall be for an aggregate principal
amount of 

  
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$2,500,000.00, (b) the second borrowing shall occur on or prior to June 1, 2014 and shall be for an aggregate principal amount of $2,500,000.00, (c) the third borrowing shall occur
on or prior to July 17, 2014 and shall be for an aggregate principal amount of $500,000.00, (d) the fourth borrowing shall occur on or prior to July 31, 2014 and shall be for an aggregate principal amount of $500,000.00, (e) the
fifth borrowing shall occur on or prior to August 11, 2014 and shall be for an aggregate principal amount of $500,000.00, (f) the sixth borrowing shall occur on or prior to September 4, 2014 and shall be for an aggregate principal
amount of $500,000.00 (g) the seventh borrowing shall occur on or prior to five business days from acceptance of the Amended Subordination Agreement and shall be for an aggregate principal amount of $2,000,000.00 and (g) in Payee’s
discretion, one or more additional borrowings from time to time in an aggregate amount not to exceed $1,000,000; provided that, in each case, the Merger Agreement shall not have been terminated in accordance with the terms thereof. Amounts
borrowed under this Section 1 and subsequently repaid or prepaid may not be reborrowed. Payee shall make the proceeds of each borrowing available to Maker by causing an amount equal to such borrowing in lawful money of the United States of
America in same day funds to be deposited to such account(s) as Maker shall direct. 
 2. Payments. All payments of principal
and interest in respect of this Note shall be made in lawful money of the United States of America in same day funds at the office of Payee located at 240 Matheson Blvd. East, Mississauga, ON L4Z 1X1, or at such other place as Payee may direct;
provided that, immediately prior to the Closing (as such term is defined in the Merger Agreement), Maker shall, subject to the terms of the Subordination Agreement, transfer to Payee all common shares of Payee then held by Maker (or, if such
shares then held by Maker have an aggregate value in excess of the outstanding principal amount of the Note and interest thereon, common shares of Payee then held by Maker equal to the outstanding principal amount of the Note and interest thereon),
and such transfer shall constitute payment of the principal and interest in respect of this Note to the extent of the value of such shares. Whenever any payment on this Note is stated to be due on a day that is not a Business Day, such payment shall
instead be made on the next Business Day, and such extension of time shall be included in the computation of interest payable on this Note. Each payment made hereunder shall be credited first to interest then due and the remainder of such payment
shall be credited to principal, and interest shall thereupon cease to accrue upon the principal so credited. Each of Payee and any subsequent holder of this Note agrees, by its acceptance hereof, that before disposing of this Note or any part hereof
it will make a notation hereon of all principal payments previously made hereunder and of the date to which interest hereon has been paid; provided, however, that the failure to make a notation of any payment made on this Note shall not limit
or otherwise affect the obligation of Maker hereunder with respect to payments of principal or interest on this Note. 
 3.
Prepayments. Maker shall have the right at any time and from time to time to prepay the principal of this Note in whole or in part, without premium or penalty. Any prepayment hereunder shall be accompanied by interest on the principal
amount of the Note being prepaid to the date of prepayment. 
 4. Reference Agreements. This Note is issued pursuant to the
terms of the Merger Agreement and is subject to the terms and conditions thereof. This Note and payment hereof are subject to the terms of the Subordination Agreement. Anything contained 

  
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in this Note to the contrary notwithstanding, in the event restrictions under the Subordination Agreement prevent payments of any amount due hereunder, such payments will be deferred until such
restrictions are removed or otherwise cease to exist, and such deferral will not constitute an Event of Default hereunder. This Note is secured pursuant to the provisions of the Security Agreement. 

5. Representations and Warranties. Maker hereby represents and warrants to Payee that: 

(a) it is a duly organized and validly existing corporation in good standing under the laws of the jurisdiction of its
organization and has the corporate power and authority to own and operate its properties, to transact the business in which it is now engaged and to execute and deliver this Note; 

(b) this Note constitutes the duly authorized, legally valid and binding obligation of Maker, enforceable against Maker in
accordance with its terms; 
 (c) all consents and grants of approval required to have been granted by any Person in
connection with the execution, delivery and performance of this Note have been granted; 
 (d) the execution, delivery and
performance by Maker of this Note do not and will not (i) violate any law, governmental rule or regulation, court order or agreement to which it is subject or by which its properties are bound or the charter documents or bylaws of Maker or
(ii) result in the creation of any lien or other encumbrance with respect to the property of Maker; 
 (e) there is no
action, suit, proceeding or governmental investigation pending or, to the knowledge of Maker, threatened against Maker or any of its subsidiaries or any of their respective assets which, if adversely determined, would have a material adverse effect
on the business, operations, properties, assets, condition (financial or otherwise) or prospects of Maker and its subsidiaries, taken as a whole, or the ability of Maker to comply with its obligations hereunder; and 

(f) the proceeds of the loan evidenced by this Note shall be used by Maker for working capital and/or to pay certain
obligations of one or more of Maker’s subsidiaries to Nordea Bank Norge ASA and/or certain affiliates thereof; provided that no part of such proceeds will be used by Maker to purchase or carry any “margin stock” within the
meaning of Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect or to extend credit to others for the purpose of purchasing or carrying any such “margin stock” or to reduce
or retire any indebtedness incurred for any such purpose, and neither Maker nor any of its subsidiaries is engaged principally or as one of its important activities in the business of extending credit for the purpose of purchasing or carrying any
such “margin stock”. 

  
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 6. Events of Default. The occurrence of any of the following events shall
constitute an “Event of Default”: 
 (a) failure of Maker to pay any principal under this Note when due,
whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, or failure of Maker to pay any interest or other amount due under this Note within five (5) Business Days after the date due; or 

(b) failure of Maker to pay, or the default in the payment of, any amount due under or in respect of any promissory note,
indenture or other agreement or instrument relating to any indebtedness owing by Maker, to which Maker is a party or by which Maker or any of its property is bound under which principal amounts outstanding exceed $1,000,000 or the occurrence of any
other default in the performance of or compliance with any term of any evidence of any such indebtedness, in each case after the expiration of any grace period provided with respect thereto, which default shall have resulted in such indebtedness
becoming or being declared due and payable prior to the date on which it would otherwise have become due and payable, without such indebtedness having been discharged, or such acceleration having been rescinded or annulled; or 

(c) any representation or warranty made by Maker to Payee in connection with this Note shall prove to have been false in any
material respect when made; or 
 (d) (i) a court having jurisdiction in the premises shall enter a decree or order for
relief in respect of Maker in an involuntary case under Title 11 of the United States Code entitled “Bankruptcy” (as now and hereinafter in effect, or any successor thereto, the “Bankruptcy Code”) or any applicable
bankruptcy, insolvency or other similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced
against Maker under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee,
custodian or other officer having similar powers over Maker or over all or a substantial part of its property shall have been entered; or the involuntary appointment of an interim receiver, trustee or other custodian of Maker for all or a
substantial part of its property shall have occurred; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of Maker, and, in the case of any event described in this clause (ii),
such event shall have continued for sixty (60) days unless dismissed, bonded or discharged; or 
 (e) an order for
relief shall be entered with respect to Maker or Maker shall commence a voluntary case under the Bankruptcy Code or any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or shall consent to the entry of an order for
relief in an involuntary case, or to the conversion of an involuntary case to a voluntary case, under any such law, or shall consent to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part
of its property; or Maker shall make an assignment for the benefit of creditors; or Maker shall be unable or fail, or shall admit in writing its inability, to pay its debts as such debts become due; or the Board of Directors of Maker (or any
committee thereof) shall adopt any resolution or otherwise authorize action to approve any of the foregoing; or 

  
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 (f) Maker shall challenge, or institute any proceedings to challenge, the
validity, binding effect or enforceability of this Note or any endorsement of this Note; or 
 (g) any provision of this Note
or the Security Agreement or any provision hereof or thereof shall cease to be in full force or effect or shall be declared to be null or void or otherwise unenforceable in whole or in part; or subject to the Subordination Agreement, Payee shall not
have or shall cease to have a valid and perfected first priority security interest in the collateral described in the Security Agreement. 

7. Remedies. Upon the occurrence of any Event of Default specified in Section 6(d) or 6(e) above, the principal amount of
this Note together with accrued interest thereon shall become immediately due and payable, without presentment, demand, notice, protest or other requirements of any kind (all of which are hereby expressly waived by Maker). Upon the occurrence and
during the continuance of any other Event of Default Payee may, by written notice to Maker, declare the principal amount of this Note together with accrued interest thereon to be due and payable, and the principal amount of this Note together with
such interest shall thereupon immediately become due and payable without presentment, further notice, protest or other requirements of any kind (all of which are hereby expressly waived by Maker). 

8. Definitions. The following terms used in this Note shall have the following meanings (and any of such terms may, unless the
context otherwise requires, be used in the singular or the plural depending on the reference): 
 “Business
Day” means any day other than a Saturday, Sunday or legal holiday under the laws of the State of California or any other day on which banking institutions located in such state are authorized or required by law or other governmental
action to close. 
 “Event of Default” means any of the events set forth in Section 6. 

“Merger Agreement” means that certain Agreement and Plan of Merger dated as of May 15, 2014 by and
among Maker, Payee and S3D Acquisition Company, a California corporation and a wholly-owned subsidiary of Payee. 

“Person” means any individual, partnership, limited liability company, joint venture, firm,
corporation, association, bank, trust or other enterprise, whether or not a legal entity, or any government or political subdivision or any agency, department or instrumentality thereof. 

“Reference Rate” means the rate of interest per annum from time to time published in the money rates
section of the Wall Street Journal or any successor publication thereto as the “prime rate” then in effect; provided that if such rate of interest, as set forth from time to time in the money rates section of the Wall Street

  
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Journal, becomes unavailable for any reason as determined by Payee, the “Prime Rate” shall mean the rate of interest per annum announced by Silicon Valley Bank as its prime rate in
effect at its principal office in the State of California. 
 “Security Agreement” means that certain
Security Agreement dated as of May 15, 2014 by and between Maker and Payee, as the same may be amended, supplemented or otherwise modified from time to time. 

9. Miscellaneous. 

(a) All notices, consents, requests, approvals, demands, or other communication pursuant to this Note by Maker or Payee must be
in writing and shall be deemed to have been validly served, given, or delivered: (i) upon the earlier of actual receipt and three (3) Business Days after deposit in the U.S. mail, first class, registered or certified mail return receipt
requested, with proper postage prepaid; (ii) upon transmission, when sent by electronic mail or facsimile transmission; (iii) one (1) Business Day after deposit with a reputable overnight courier with all charges prepaid; or
(d) when delivered, if hand-delivered by messenger, all of which shall be addressed to the party to be notified and sent to the address, facsimile number or email address of Maker or Payee, as applicable, specified below its signature to this
Note. Payee or Maker may change its mailing or electronic mail address or facsimile number by giving the other party written notice thereof in accordance with the terms of this Section 9(a). 

(b) Maker agrees to indemnify Payee against any losses, claims, damages and liabilities and related expenses, including counsel
fees and expenses, incurred by Payee arising out of or in connection with or as a result of the transactions contemplated by this Note. In particular, Maker promises to pay all reasonable and documented out-of-pocket costs and expenses, including
reasonable attorneys’ fees, incurred in connection with the collection and enforcement of this Note. 
 (c) No failure
or delay on the part of Payee or any other holder of this Note to exercise any right, power or privilege under this Note and no course of dealing between Maker and Payee shall impair such right, power or privilege or operate as a waiver of any
default or an acquiescence therein, nor shall any single or partial exercise of any such right, power or privilege preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies
expressly provided in this Note are cumulative to, and not exclusive of, any rights or remedies that Payee would otherwise have. No notice to or demand on Maker in any case shall entitle Maker to any other or further notice or demand in similar or
other circumstances or constitute a waiver of the right of Payee to any other or further action in any circumstances without notice or demand. 

(d) Maker and any endorser of this Note hereby consent to renewals and extensions of time at or after the maturity hereof,
without notice, and hereby waive diligence, presentment, protest, demand and notice of every kind and, to the full extent permitted by law, the right to plead any statute of limitations as a defense to any demand hereunder. 

  
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 (e) THIS NOTE AND THE RIGHTS AND OBLIGATIONS OF MAKER AND PAYEE HEREUNDER
SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF CALIFORNIA, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES. 

(f) ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST MAKER ARISING OUT OF OR RELATING TO THIS NOTE MAY BE BROUGHT IN ANY STATE OR
FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE OF CALIFORNIA, AND BY EXECUTION AND DELIVERY OF THIS NOTE MAKER ACCEPTS FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE NONEXCLUSIVE JURISDICTION OF THE
AFORESAID COURTS AND WAIVES ANY DEFENSE OF FORUM NON CONVENIENS AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH THIS NOTE. Maker hereby agrees that service of all process in any such proceeding in any such
court may be made by registered or certified mail, return receipt requested, to Maker at its address set forth below its signature hereto, such service being hereby acknowledged by Maker to be sufficient for personal jurisdiction in any action
against Maker in any such court and to be otherwise effective and binding service in every respect. Nothing herein shall affect the right to serve process in any other manner permitted by law or shall limit the right of Payee to bring proceedings
against Maker in the courts of any other jurisdiction. 
 (g) MAKER AND PAYEE AND, BY ITS ACCEPTANCE OF THIS NOTE, ANY
SUBSEQUENT HOLDER OF THIS NOTE, HEREBY IRREVOCABLY AGREE TO WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS NOTE OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS NOTE
AND THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED. The scope of this waiver is intended to be all-encompassing of any and all disputes that may be filed in any court and that relate to the subject matter of this transaction,
including without limitation contract claims, tort claims, breach of duty claims and all other common law and statutory claims. Maker and Payee and, by its acceptance of this Note, any subsequent holder of this Note, each (i) acknowledges that
this waiver is a material inducement to enter into a business relationship, that each has already relied on this waiver in entering into this relationship, and that each will continue to rely on this waiver in their related future dealings and
(ii) further warrants and represents that each has reviewed this waiver with its legal counsel and that each knowingly and voluntarily waives its jury trial rights following consultation with legal counsel. THIS WAIVER IS IRREVOCABLE,
MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THIS WAIVER 

  
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SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS OF THIS NOTE. In the event of litigation, this provision may be filed as a written consent to a
trial by the court. 
 (h) Maker hereby waives the benefit of any statute or rule of law or judicial decision,
including without limitation California Civil Code § 1654, which would otherwise require that the provisions of this Note be construed or interpreted most strongly against the party responsible for the drafting thereof. 

  
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 IN WITNESS WHEREOF, each of Maker and Payee has caused this Note to be executed and
delivered by its duly authorized officer as of the date first above written. 
  

			
	MAKER:
	
	OVERLAND STORAGE, INC.
		
	By:	 	 /s/ Kurt L. Kalbfleisch

	Name:	 	 Kurt L. Kalbfleisch

	Title:	 	 Chief Financial Officer

	Address:
	9112 Spectrum Center Blvd.
	San Diego, CA 92123
	Facsimile: (858) 495-4267
	Email: kkalbfleisch@overlandstorage.com
	
	PAYEE:
	
	SPHERE 3D CORPORATION
		
	By:	 	 /s/ T. Scott Worthington

	Name:	 	 T. Scott Worthington

	Title:	 	 Chief Financial Officer

	Address:
	 240 Matheson Blvd. East

Mississauga, ON L4Z 1X1

	Canada
	Facsimile: 905.282.9966
	Email: scott.worthington@sphere3d.com

 Amended and Restated Promissory Note 

  
 S-1EX-4.1

 Exhibit 4.1 

Execution Copy 
  

 
 ENERGY & EXPLORATION
PARTNERS, INC. 
 8.00% CONVERTIBLE SUBORDINATED NOTES DUE 2019 

 
  

INDENTURE 

DATED AS OF JULY 22, 2014 

 
  

U.S. BANK NATIONAL ASSOCIATION 

AS TRUSTEE 
  

 
  

 

 TABLE OF CONTENTS 

 

									
	 	 	 	  	 	  	Page	 
		
	ARTICLE 1 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION	  	 	1	  
				
		 	    Section 1.01	  	    Definitions	  	 	1	  
		 	    Section 1.02	  	    Other Definitions	  	 	14	  
		 	    Section 1.03	  	    Rules of Construction	  	 	15	  
		 	    Section 1.04	  	    Acts of Holders	  	 	16	  
		
	ARTICLE 2 THE NOTES	  	 	17	  
				
		 	    Section 2.01	  	    Designation, Amount and Issuance of Notes	  	 	17	  
		 	    Section 2.02	  	    Form of Notes	  	 	17	  
		 	    Section 2.03	  	    Denomination of Notes	  	 	19	  
		 	    Section 2.04	  	    Payments	  	 	19	  
		 	    Section 2.05	  	    Execution and Authentication	  	 	22	  
		 	    Section 2.06	  	    Registrar, Paying Agent and Conversion Agent	  	 	23	  
		 	    Section 2.07	  	    Money Held in Trust	  	 	25	  
		 	    Section 2.08	  	    Holder Lists	  	 	25	  
		 	    Section 2.09	  	    Transfer and Exchange	  	 	25	  
		 	    Section 2.10	  	    Transfer Restrictions.	  	 	30	  
		 	    Section 2.11	  	    Replacement Notes	  	 	31	  
		 	    Section 2.12	  	    Temporary Notes	  	 	32	  
		 	    Section 2.13	  	    Cancellation	  	 	32	  
		 	    Section 2.14	  	    Outstanding Notes	  	 	32	  
		 	    Section 2.15	  	    Persons Deemed Owners	  	 	33	  
		 	    Section 2.16	  	    Repurchases	  	 	33	  
		 	    Section 2.17	  	    CUSIP and ISIN Numbers	  	 	33	  
		
	ARTICLE 3 REPURCHASE AT THE OPTION OF THE HOLDER	  	 	34	  
				
		 	    Section 3.01	  	    Change of Control Permits Holders to Require the Company to Repurchase the Notes	  	 	34	  
		 	    Section 3.02	  	    Change of Control Notice	  	 	35	  
		 	    Section 3.03	  	    Change of Control Repurchase Notice	  	 	36	  
		 	    Section 3.04	  	    Withdrawal of Change of Control Repurchase Notice	  	 	37	  
		 	    Section 3.05	  	    Effect of Change of Control Repurchase Notice	  	 	37	  
		 	    Section 3.06	  	    Notes Repurchased in Part	  	 	38	  
		 	    Section 3.07	  	    Covenant to Comply With Securities Laws Upon Repurchase of Notes	  	 	39	  
		 	    Section 3.08	  	    Deposit of Change of Control Repurchase Price	  	 	39	  
		 	    Section 3.09	  	    Covenant Not to Repurchase Notes Upon Certain Events of Default	  	 	39	  

  
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	ARTICLE 4 COVENANTS	  	 	40	  
				
		 	    Section 4.01	  	    Payment of Notes	  	 	40	  
		 	    Section 4.02	  	    144A Information	  	 	40	  
		 	    Section 4.03	  	    Reports	  	 	40	  
		 	    Section 4.04	  	    Compliance Certificate	  	 	41	  
		 	    Section 4.05	  	    Limitation on Indebtedness.	  	 	42	  
		 	    Section 4.06	  	    Taxes	  	 	45	  
		 	    Section 4.07	  	    Corporate Existence	  	 	45	  
		 	    Section 4.08	  	    Stay, Extension and Usury Laws	  	 	45	  
		 	    Section 4.09	  	    Further Instruments and Acts	  	 	46	  
		 	    Section 4.10	  	    Determination of Equity Value	  	 	46	  
		 	    Section 4.11	  	    Issuance of Conversion Shares	  	 	46	  
			
		 	ARTICLE 5 CONSOLIDATION, MERGER AND SALE OF ASSETS	  	 	46	  
				
		 	    Section 5.01	  	    Company May Consolidate, Merge or Sell Its Assets Only on Certain Terms	  	 	46	  
		 	    Section 5.02	  	    Successor Substituted	  	 	47	  
			
		 	ARTICLE 6 DEFAULTS AND REMEDIES	  	 	47	  
				
		 	    Section 6.01	  	    Events of Default	  	 	47	  
		 	    Section 6.02	  	    Acceleration	  	 	49	  
		 	    Section 6.03	  	    Other Remedies	  	 	50	  
		 	    Section 6.04	  	    Waiver of Past Defaults	  	 	50	  
		 	    Section 6.05	  	    Control by Majority	  	 	50	  
		 	    Section 6.06	  	    Limitation on Suits	  	 	51	  
		 	    Section 6.07	  	    Rights of Holders To Receive Payment	  	 	51	  
		 	    Section 6.08	  	    Collection Suit by Trustee	  	 	51	  
		 	    Section 6.09	  	    Trustee May File Proofs of Claim	  	 	51	  
		 	    Section 6.10	  	    Priorities	  	 	52	  
		 	    Section 6.11	  	    Undertaking for Costs	  	 	52	  
			
		 	ARTICLE 7 TRUSTEE	  	 	53	  
				
		 	    Section 7.01	  	    Duties of Trustee	  	 	53	  
		 	    Section 7.02	  	    Rights of Trustee	  	 	54	  
		 	    Section 7.03	  	    Individual Rights of Trustee	  	 	55	  
		 	    Section 7.04	  	    Trustee’s Disclaimer	  	 	55	  
		 	    Section 7.05	  	    Notice of Defaults	  	 	55	  
		 	    Section 7.06	  	    Compensation and Indemnity	  	 	56	  
		 	    Section 7.07	  	    Replacement of Trustee	  	 	57	  
		 	    Section 7.08	  	    Successor Trustee by Merger	  	 	58	  
		 	    Section 7.09	  	    Eligibility; Disqualification	  	 	58	  
		 	    Section 7.10	  	    Trustee’s Application for Instructions from the Company	  	 	58	  

  
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	ARTICLE 8 SATISFACTION AND DISCHARGE	  	 	58	  
				
		 	    Section 8.01	  	    Satisfaction and Discharge	  	 	58	  
		
	ARTICLE 9 AMENDMENTS, SUPPLEMENTS AND WAIVERS	  	 	59	  
				
		 	    Section 9.01	  	    Without Consent of Holders	  	 	59	  
		 	    Section 9.02	  	    With Consent of Holders	  	 	60	  
		 	    Section 9.03	  	    Execution of Supplemental Indentures	  	 	60	  
		 	    Section 9.04	  	    Notices of Amendment or Supplemental Indentures	  	 	61	  
		 	    Section 9.05	  	    Effect of Supplemental Indentures	  	 	61	  
		 	    Section 9.06	  	    Revocation and Effect of Consents, Waivers and Actions	  	 	61	  
		 	    Section 9.07	  	    Notation on, or Exchange of, Notes	  	 	61	  
		
	ARTICLE 10 SUBORDINATION	  	 	62	  
				
		 	    Section 10.01	  	    Agreement to Subordinate	  	 	62	  
		 	    Section 10.02	  	    Liquidation; Dissolution; Bankruptcy	  	 	62	  
		 	    Section 10.03	  	    Default on Designated Senior Debt	  	 	62	  
		 	    Section 10.04	  	    Acceleration of Notes	  	 	63	  
		 	    Section 10.05	  	    When Distribution Must Be Paid Over	  	 	63	  
		 	    Section 10.06	  	    Notice by the Company	  	 	64	  
		 	    Section 10.07	  	    Subrogation	  	 	64	  
		 	    Section 10.08	  	    Relative Rights	  	 	64	  
		 	    Section 10.09	  	    Subordination May Not Be Impaired	  	 	64	  
		 	    Section 10.10	  	    Distribution or Notice to Representative	  	 	65	  
		 	    Section 10.11	  	    Reliance on Judicial Order or Certificate	  	 	65	  
		 	    Section 10.12	  	    Rights of Trustee and Paying Agent	  	 	65	  
		 	    Section 10.13	  	    Authorization to Effect Subordination	  	 	66	  
		 	    Section 10.14	  	    Amendments	  	 	66	  
			
		 	ARTICLE 11 CONVERSION	  	 	66	  
				
		 	    Section 11.01	  	    Right To Convert Upon a Qualified PO	  	 	66	  
		 	    Section 11.02	  	    Conversion Procedures	  	 	66	  
		 	    Section 11.03	  	    Settlement Upon Conversion	  	 	68	  
		 	    Section 11.04	  	    Common Stock Issued Upon Conversion	  	 	69	  
		 	    Section 11.05	  	    Adjustment of Upside Trigger	  	 	70	  
		 	    Section 11.06	  	    No Responsibility of Trustee, Conversion Agent and Paying Agent	  	 	71	  
			
		 	ARTICLE 12 REDEMPTION AT THE OPTION OF THE COMPANY	  	 	72	  
				
		 	    Section 12.01	  	    No Sinking Fund; Notes Not Redeemable Prior to Qualified PO or Change of Control	  	 	72	  
		 	    Section 12.02	  	    Right to Redeem in Connection with a Qualified PO	  	 	72	  
		 	    Section 12.03	  	    Right to Redeem Following a Change of Control	  	 	72	  
		 	    Section 12.04	  	    General	  	 	72	  

  
 iii 

									
		 	    Section 12.05	  	    Effect of Redemption Notice	  	 	74	  
		 	    Section 12.06	  	    Deposit of Redemption Price	  	 	74	  
		 	    Section 12.07	  	    Effect of Deposit	  	 	74	  
		 	    Section 12.08	  	    Covenant Not to Redeem Notes Upon Certain Events of Default	  	 	74	  
		 	    Section 12.09	  	    Repayment to the Company	  	 	74	  
			
		 	ARTICLE 13 MISCELLANEOUS	  	 	75	  
				
		 	    Section 13.01	  	    Notices	  	 	75	  
		 	    Section 13.02	  	    Certificate and Opinion as to Conditions Precedent	  	 	76	  
		 	    Section 13.03	  	    Statements Required in Certificate or Opinion	  	 	76	  
		 	    Section 13.04	  	    Separability Clause	  	 	77	  
		 	    Section 13.05	  	    Rules by Trustee	  	 	77	  
		 	    Section 13.06	  	    Governing Law and Waiver of Jury Trial	  	 	77	  
		 	    Section 13.07	  	    No Recourse Against Others	  	 	77	  
		 	    Section 13.08	  	    Calculations	  	 	77	  
		 	    Section 13.09	  	    Successors	  	 	77	  
		 	    Section 13.10	  	    Multiple Originals	  	 	77	  
		 	    Section 13.11	  	    Table of Contents; Headings	  	 	78	  
		 	    Section 13.12	  	    Force Majeure	  	 	78	  
		 	    Section 13.13	  	    Submission to Jurisdiction	  	 	78	  
		 	    Section 13.14	  	    Legal Holidays	  	 	78	  
		 	    Section 13.15	  	    No Security Interest Created	  	 	78	  
		 	    Section 13.16	  	    Benefits of Indenture	  	 	78	  
		 	    Section 13.17	  	    U.S.A. Patriot Act	  	 	78	  
			
		 	Form of Note	  	 	A-1	  
		 	Form of Restricted Stock Legend	  	 	B-1	  

  
 iv 

 INDENTURE, dated as of July 22, 2014, between Energy & Exploration Partners, Inc.,
a Delaware corporation (the “Company”), and U.S. Bank National Association, a national banking association, as trustee (“Trustee”). 

For and in consideration of the premises and the purchase of the Notes by the Holders (each as defined below), each party agrees as follows
for the benefit of the other party and for the equal and ratable benefit of the Holders of the Company’s 8.00% Convertible Subordinated Notes due 2019: 

ARTICLE 1 
 DEFINITIONS
AND OTHER PROVISIONS OF GENERAL APPLICATION 
 Section 1.01 Definitions. 

“Acquired Debt” means, with respect to any specified Person: (i) Indebtedness of any other Person existing at the time
such other Person is merged with or into or became a Subsidiary of such specified Person, whether or not such Indebtedness is incurred in connection with, or in contemplation of, such other Person merging with or into, or becoming a Subsidiary of,
such specified Person, and (ii) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person. 

“Affiliate” means, with respect to any specified Person, any other Person who directly or indirectly through one or more
intermediaries controls or is controlled by, or is under common control with such specified Person. The term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and
policies of a Person, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative of the foregoing. 

“Applicable Procedures” means, with respect to any transfer or transaction involving a Global Note or any beneficial interest
therein, the rules and procedures of the Depositary, Euroclear and Clearstream for such Note, in each case to the extent applicable to such transfer or transaction and as in effect from time to time. 

“Attributable Debt” in respect of a sale and leaseback transaction means, at the time of determination, the present value of
the obligation of the lessee for net rental payments during the remaining term of the lease included in such sale and leaseback transaction including any period for which such lease has been extended or may, at the option of the lessor, be extended.
Such present value shall be calculated using a discount rate equal to the rate of interest implicit in such transaction, determined in accordance with GAAP. As used in the preceding sentence, the ‘‘net rental payments’’ under any
lease for any such period shall mean the sum of rental and other payments required to be paid with respect to such period by the lessee thereunder, excluding any amounts required to be paid by such lessee on account of maintenance and repairs,
insurance, taxes, assessments, water rates or similar charges. In the case of any lease that is terminable by the lessee upon payment of penalty, such net rental payment shall also include the amount of such penalty, but no rent shall be considered
as required to be paid under such lease subsequent to the first date upon which it may be so terminated. 

  
 - 1 - 

 “Bankruptcy Law” means Title 11, United States Code, or any similar U.S.
federal, state or non-U.S. bankruptcy, insolvency, receivership or similar law for the relief of debtors. 
 “Board of
Directors” means: 
 (1) with respect to a corporation, the board of directors of the corporation or any committee thereof
duly authorized to act on behalf of such board; 
 (2) with respect to a partnership, the board of directors of the general partner of the
partnership; 
 (3) with respect to a limited liability company, the managing member or members or any controlling committee of managing
members thereof; and 
 (4) with respect to any other Person, the board or committee of such Person serving a similar function. 

“Board Resolution” means a copy of one or more resolutions certified by the Secretary or an Assistant Secretary of the
Company to have been duly adopted by its Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. 

“Business Day” means any day other than a Saturday, a Sunday or a day on which the Federal Reserve Bank of New York or banks
in the city where the applicable place of payment is located is authorized or required by law or executive order to close or be closed. 

“Capital Lease Obligation” means, at the time any determination thereof is to be made, the amount of the liability of a
Person in respect of a capital lease that would at that time be required to be capitalized on a balance sheet of such Person in accordance with GAAP. 

“Capital Stock” means: 

(1) in the case of a corporation, corporate stock; 

(2) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however
designated) of corporate stock; 
 (3) in the case of a partnership or limited liability company, partnership interests (whether general or
limited) or membership interests; and 
 (4) any other interest or participation that confers on a Person (as defined below) the right to
receive a share of the profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the foregoing any debt securities convertible into Capital Stock, whether or not such debt securities include any right of
participation with Capital Stock. 
 “Certificated Notes” means Notes that are in registered certificated form. 

  
 - 2 - 

 “Change of Control” means the occurrence at any time after the Notes are
originally issued of any of the following: 
 (1) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than
by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and the Subsidiaries taken as a whole to any Person (including any “person” (as that
term is used in Section 13(d)(3) of the Exchange Act)) other than any Permitted Holder; 
 (2) the adoption of a plan relating to the
liquidation or dissolution of the Company; or 
 (3) the consummation of any transaction (including, without limitation, any merger or
consolidation), the result of which is that any Person (including any “person” (as defined above)), other than any Permitted Holder, becomes the Beneficial Owner (as defined below), directly or indirectly, of more than 50% of the Voting
Stock of the Company, measured by voting power rather than number of shares, membership interests, units or the like. 
 Notwithstanding the
preceding, a conversion of a Person from a limited liability company, corporation, limited partnership or other form of entity to a limited liability company, corporation, limited partnership or other form of entity or an exchange of all of the
outstanding Capital Stock in one form of entity for Capital Stock in another form of entity shall not constitute a Change of Control, so long as following such conversion or exchange the “persons” (as that term is used in
Section 13(d)(3) of the Exchange Act) who Beneficially Owned the Capital Stock of the Company immediately prior to such transactions continue to Beneficially Own in the aggregate more than 50% of the Voting Stock of such entity, or continue to
Beneficially Own sufficient Capital Stock in such entity to elect a majority of its directors, managers, trustees or other persons serving in a similar capacity for such entity, and, in either case no “person,” other than any Permitted
Holder, Beneficially Owns more than 50% of the Voting Stock of such entity. 
 For purposes of this definition, the term “Beneficial
Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the
Exchange Act), such “person” will be deemed to have beneficial ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or
is exercisable only after the passage of time. The terms “Beneficially Own” and “Beneficially Owned” have a corresponding meaning. Notwithstanding the foregoing, holders of the Company’s Equity Interests that are parties to
the Stockholders Agreement shall not be deemed to be a “person” pursuant to Section 13(d)(3) solely by reason of the fact that they are parties to or bound by the terms of the Stockholders Agreement. 

“Change of Control Date” means the effective date of a Change of Control. 

“Clearstream” means Clearstream Banking, S.A. 

“Close of Business” means 5:00 p.m., New York City time. 

“Closing Date Equity Value” means the aggregate fair market value of the outstanding shares of Common Stock immediately
following an Equity Sale (and, for the avoidance of doubt, after giving effect to such Equity Sale) (determined based on the sale price per share of Common Stock in the Equity Sale or, in the case of an Equity Sale involving Convertible Securities,
the effective sale price per share of Common Stock after taking into consideration the purchase price 

  
 - 3 - 

 
of the Convertible Securities and any additional consideration to be paid by the holder of such Convertible Securities upon the exercise, exchange or conversion of such Convertible Securities
into shares of Common Stock). 
 “Commodity Agreement” means any oil or natural gas hedging agreement and other agreement
or arrangement entered into in the ordinary course of business and designed to protect the Company or any Subsidiary against fluctuations in oil or natural gas prices. 

“Common Stock” means the common stock of the Company sold in the Qualified PO. 

“Company” means the party named as such in the first paragraph of this Indenture until a successor or assignee replaces it
pursuant to the applicable provisions hereof and, thereafter, means the successor or assignee. The foregoing sentence will likewise apply to any such subsequent successor or assignee. 

“Company Order” means a written request or order signed in the name of the Company by any Officer. 

“Corporate Trust Office” means the designated office of the Trustee at which at any time its corporate trust business shall
be administered, which office at the date hereof is located at 13737 Noel Road, Suite 800, Dallas, Texas 75240, or such other address as the Trustee may designate from time to time by written notice to the Holders, the Paying Agent, the Conversion
Agent, the Registrar and the Company, or the designated corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by written notice to the Holders, the Paying Agent, the
Conversion Agent, the Registrar and the Company). 
 “Credit Facilities” means one or more debt facilities,
indentures or commercial paper facilities (including, without limitation, the Term Loan), in each case with banks or other institutional lenders, providing for revolving credit loans, term loans, capital market financings, private placements,
receivables financings (including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables) or letters of credit or letter of credit guarantees, in each case, as
amended, restated, modified, supplemented, extended, renewed, refunded, replaced or refinanced in whole or in part from time to time. 

“Currency Agreement” means any foreign currency exchange agreement, option or future contract or other similar
agreement or arrangement entered into in the ordinary course of business and designed to protect against or manage the Company’s or any Subsidiaries’ exposure to fluctuations in foreign currency exchange rates. 

“Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy
Law. 
 “Default” means any event which is, or after notice or passage of time or both would be, an Event of
Default. 

  
 - 4 - 

 “Depositary” means The Depository Trust Company and its successors;
provided that the Company may at any time, upon delivering written notice to the Holders, the Trustee, the Registrar, the Paying Agent and the Conversion Agent, appoint a successor Depositary. 

“Designated Senior Debt” means: 

(1) any Indebtedness outstanding under the Term Loan or any other Indebtedness for money borrowed that is issued as a replacement or a
refinancing of such Term Loan; and 
 (2) any other Senior Debt the principal amount of which is $35,000,000 or more and that has been
designated by the Company in an Officers’ Certificate to the Trustee as “Designated Senior Debt.” 
 “Disqualified
Stock” means any Capital Stock that, by its terms (or by the terms of any security into which it is convertible, or for which it is exchangeable, in each case at the option of the holder thereof), or upon the happening of any event, matures
or is mandatorily redeemable, for any consideration other than Capital Stock pursuant to a sinking fund obligation or otherwise, or is redeemable for any consideration other than Capital Stock at the option of the holder thereof, in whole or in
part, on or prior to the date that is 91 days after the date on which the notes mature. 
 “Equity Interests” means Capital
Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock). 

“Equity Value” means, with respect to the Company, as applicable, the enterprise value of such entity
plus all cash and cash equivalents and short- and long-term investments of such entity less all Liabilities and minority interests of the Company, as determined in accordance with Section 4.10. 

“Euroclear” means Euroclear Bank, S.A./N.V., as operator of the Euroclear system. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Existing Indebtedness” means Indebtedness outstanding on the Issue Date, other than Indebtedness described under
clauses (i), (iii) and (vi) of the definition of Permitted Indebtedness. 
 “GAAP” means generally
accepted accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or
in such other statements by such other entity as have been approved by a significant segment of the accounting profession, which are in effect from time to time. 

“Global Note Legend” means the legend identified as such in Exhibit A hereto. 

“Global Notes” means, individually and collectively, each of the permanent global notes that is in the form of the
Note attached hereto as Exhibit A and that is registered in the name of the Depositary or the nominee of the Depositary and deposited with the Depositary, the nominee of the Depositary or a custodian appointed by the Depositary or the nominee
of the Depositary. 

  
 - 5 - 

 “Guarantee” means, without duplication, any obligation, contingent or
otherwise, of any Person directly or indirectly guaranteeing any Indebtedness of any other Person and any other obligation, direct or indirect, contingent or otherwise, of such Person: 

(1) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness of such other Person (whether arising by
virtue of partnership arrangements, or by agreements to keepwell, to purchase assets, goods, securities or services, to take-or-pay or to maintain financial statement conditions or otherwise), or 

(2) entered into for the purpose of assuring in any other manner the obligee of such Indebtedness of the payment therefor to protect such
obligee against loss in respect thereof (in whole or in part); 
 provided, however, that the term ‘‘Guarantee’’ shall not
include endorsements for collection or deposit in the ordinary course of business. The term ‘‘Guarantee’’ used as a verb has a corresponding meaning. 

“Guarantor” means any Subsidiary that Guarantees the Notes. 

“Hedging Obligations” means, with respect to any Person, the obligations of such Person under Currency Agreements,
Interest Rate Agreements and Commodity Agreements. 
 “Holder” or “Holders” means a Person
or Persons in whose name a Note is registered in the Register. 
 “Indebtedness” “ means, with respect
to any specified Person, without duplication, 
 (1) all obligations of such Person, whether or not contingent, in respect of: 

(i) the principal of and premium, if any, in respect of outstanding (A) Indebtedness of such Person for money borrowed and
(B) Indebtedness evidenced by notes, debentures, bonds or other similar instruments for the payment of which such Person is responsible or liable; 

(ii) all Capital Lease Obligations of such Person and all Attributable Debt in respect of sale and leaseback transactions entered into by such
Person; 
 (iii) the deferred purchase price of property, which purchase price is due more than six months after the date of taking delivery
of title to such property, including all obligations of such Person for the deferred purchase price of property under any title retention agreement, but excluding accrued expenses and trade accounts payable arising in the ordinary course of
business; and 
 (iv) the reimbursement obligation of any obligor for the principal amount of any letter of credit, banker’s acceptance
or similar transaction (excluding obligations with respect to letters of credit securing obligations (other than obligations described in clauses (i) through (iii) above) 

  
 - 6 - 

 
entered into in the ordinary course of business of such Person to the extent such letters of credit are not drawn upon or, if and to the extent drawn upon, such drawing is reimbursed no later
than the tenth Business Day following receipt by such Person of a demand for reimbursement following payment on the letter of credit); 

(2) all net obligations in respect of Currency Agreements, Interest Rate Agreements and Commodity Agreements, except to the extent such net
obligations are otherwise included in this definition; 
 (3) all liabilities of others of the kind described in the preceding clause
(1) or (2) that such Person has Guaranteed or that are otherwise its legal liability; 
 (4) Indebtedness (as otherwise defined in
this definition) of another Person secured by a Lien on any asset of such Person, whether or not such Indebtedness is assumed by such Person, the amount of such obligations being deemed to be the lesser of (i) the full amount of such
obligations so secured and (ii) the fair market value of such asset as determined in good faith by such specified Person; 
 (5)
Disqualified Stock of such Person or a Subsidiary in an amount equal to the greater of the maximum mandatory redemption or repurchase price (not including, in either case, any redemption or repurchase premium) or the liquidation preference thereof;

 (6) the aggregate preference in respect of amounts payable on the issued and outstanding shares of preferred stock of any of the
Company’s Subsidiaries in the event of any voluntary or involuntary liquidation, dissolution or winding up (excluding any such preference attributable to such shares of preferred stock that are owned by such Person or any of its Subsidiaries;
provided, that if such Person is the Company, such exclusion shall be for such preference attributable to such shares of preferred stock that are owned by the Company or any of its Subsidiaries); and 

(7) any and all deferrals, renewals, extensions, refinancings and refundings (whether direct or indirect) of, or amendments, modifications or
supplements to, any liability of the kind described in any of the preceding clauses (1), (2), (3), (4), (5), (6) or this clause (7), whether or not between or among the same parties, and to the extent that any of the preceding items (other than
in respect of letters of credit and Hedging Obligations) would appear as a liability upon a balance sheet of the specified Person prepared accordance with GAAP. 

Notwithstanding the foregoing, “Indebtedness” shall not include: 

(a) accrued expenses, royalties and trade payables; 

(b) contingent obligations incurred in the ordinary course of business; 

(c) asset-retirement obligations or obligations in respect of reclamation and workers’ compensation (including pensions and retiree
medical care) that are not overdue by more than 90 days; or 
 (d) in-kind obligations relating to net oil or natural gas balancing
positions arising in the ordinary course of business. 

  
 - 7 - 

 For purposes hereof, the maximum fixed repurchase price of any Disqualified Stock which does not
have a fixed repurchase price shall be calculated in accordance with the terms of such Disqualified Stock as if such Disqualified Stock were purchased on any date on which Indebtedness shall be required to be determined pursuant to the Indenture,
and if such price is based upon, or measured by, the fair market value of such Disqualified Stock, such fair market value to be determined in good faith by the Board of Directors of the issuer of such Disqualified Stock. 

Notwithstanding the foregoing, Indebtedness shall not include (i) any indebtedness that has been defeased in accordance with GAAP or
defeased pursuant to the deposit of cash, U.S. government obligations and cash equivalents (sufficient to satisfy all obligations relating thereto at maturity or redemption, as applicable) in a trust or account created or pledged for the sole
benefit of the holders of such indebtedness, in accordance with the terms of the instruments governing such indebtedness, or (ii) any obligation of a Person in respect of a farm-in agreement or similar arrangement whereby such Person agrees to
pay all or a share of the drilling, completion or other expenses of an exploratory or development well (which agreement may be subject to a maximum payment obligation, after which expenses are shared in accordance with the working or participation
interest therein or in accordance with the agreement of the parties) or perform the drilling, completion or other operation on such well in exchange for an ownership interest in an oil or gas property. 

“Indenture” means this Indenture, as amended or supplemented from time to time in accordance with the terms hereof.

 “Interest Rate Agreements” means interest rate agreements, interest rate cap agreements and interest rate collar
agreements and other agreements or arrangements designed to protect such Person against fluctuations in interest rates, with respect to any Indebtedness that is permitted to be incurred under the Indenture. 

“Issue Date” means July 22, 2014. 

“Liabilities” means all short-term and long-term debt, losses related to mark-to-market of derivatives, current and
deferred tax liabilities, and any other obligation for which monies are owed. 
 “Lien” means, with respect
to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title
retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in any assets and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent
statutes) of any jurisdiction. 
 “Net Cash Proceeds” with respect to the incurrence of any Indebtedness
means the cash proceeds of such incurrence net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, listing fees, discounts or commissions and brokerage, consultant and other fees and charges actually
incurred in connection with such issuance or sale and net of taxes paid or payable as a result of such incurrence. 

  
 - 8 - 

 “Non-Recourse Purchase Money Indebtedness” means Indebtedness (other than
Capital Lease Obligations) of the Company or any Guarantor incurred in connection with the acquisition by the Company or such Guarantor of assets used in the Oil and Gas Business (including office buildings and other real property used by the
Company or such Guarantor in conducting its operations) with respect to which: 
 (1) the holders of such Indebtedness agree that
they will look solely to the assets so acquired that secure such Indebtedness, and neither the Company nor any Subsidiary (a) is directly or indirectly liable for such Indebtedness or (b) provides credit support, including any undertaking,
Guarantee, agreement or instrument that would constitute Indebtedness (other than the grant of a Lien on such acquired assets); and 
 (2)
no default or event of default with respect to such Indebtedness would cause, or permit (after notice or passage of time or otherwise), any holder of any other Indebtedness of the Company or a Guarantor to declare a default or event of default on
such other Indebtedness or cause the payment, repurchase, redemption, defeasance or other acquisition or retirement for value thereof to be accelerated or payable prior to any scheduled principal payment, scheduled sinking fund payment or maturity.

 “Notes” means any of the Company’s 8.00% Convertible Subordinated Notes due 2019 issued under this
Indenture. 
 “Offering Memorandum” means the Offering Memorandum, dated July 10, 2014, relating to the
offering of the Notes. 
 “Officer” means the Chairman of the Board, the Vice Chairman, the Chief Executive
Officer, the President, the Chief Financial Officer, any Executive Vice President, any Senior Vice President, any Vice President, the Chief Accounting Officer, the Treasurer or the Secretary of the Company. 

“Officers’ Certificate” means a written certificate containing the information specified in Sections 13.02 and
13.03 hereof, signed in the name of the Company by any two Officers of the Company, and delivered to the Trustee; provided, that, if such certificate is given pursuant to Section 4.04 hereof, (i) one of the Officers
signing such certificate must be the Chief Executive Officer, the Chief Financial Officer or the Chief Accounting Officer of the Company and (ii) such certificate need not contain the information specified in Sections 13.02 and 13.03 hereof.

 “Oil and Gas Business” means: 

(1) the acquisition, exploration, exploitation, development, servicing, operation or disposition of interests in, or obtaining production
from, oil, natural gas or other hydrocarbon properties; 
 (2) the gathering, marketing, treating, processing (but not refining), storage,
selling or transporting of any production from such interests or properties; or 
 (3) any activity that is ancillary, necessary or
appropriate to facilitate, or that is incidental to, the activities described in clauses (1) and (2) of this definition. 

  
 - 9 - 

 “Open of Business” means 9:00 a.m., New York City time. 

“Opinion of Counsel” means a written opinion containing the information specified in Sections 13.02 and 13.03 hereof,
from legal counsel and delivered to the Trustee. The counsel may be an employee of, or counsel to, the Company. 

“Permitted Holder” means any of (i) Mr. B. Hunt Pettit and any members of his immediate family and their
respective Affiliates, (ii) Highbridge Principal Strategies, LLC and its Affiliates, and (iii) Apollo Investment Corporation and its Affiliates. 

“Permitted Refinancing Indebtedness” means any Indebtedness of the Company or any Subsidiaries issued in exchange for,
or the Net Cash Proceeds of which are used to extend, refinance, renew, replace, defease or refund other Indebtedness of the Company or any Subsidiaries (other than intercompany Indebtedness); provided that: 

(1) the principal amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness does not exceed the principal amount of
(or accreted value, if applicable), plus premium, if any, and accrued and unpaid interest on the Indebtedness so extended, refinanced, renewed, replaced, defeased or refunded (plus the amount of reasonable expenses incurred in connection therewith);

 (2) (a) if the final maturity date of the Indebtedness being extended, refinanced, renewed, replaced, deferred or refunded is
earlier than the final maturity date of the Notes, the Permitted Refinancing Indebtedness has a final maturity date no earlier than the final maturity date of the Indebtedness being extended, refinanced, renewed, replaced, deferred or refunded; or

 (b) if the final maturity date of the Indebtedness being extended, refinanced, renewed, replaced, deferred or refunded is later than the
final maturity date of the Notes, the Permitted Refinancing Indebtedness has a final maturity date at least 91 days later than the final maturity date of the Notes; 

(3) the Permitted Refinancing Indebtedness has a Weighted Average Life to Maturity at the time such Permitted Refinancing Indebtedness is
incurred that is equal to or greater than the Weighted Average Life to Maturity of the Indebtedness being extended, refinanced, renewed, replaced, deferred or refunded; 

(4) if the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded is subordinated in right of payment to the Notes
or a Guarantee, such Permitted Refinancing Indebtedness is subordinated in right of payment to the Notes or such Guarantee on terms at least as favorable, taken as a whole, to the holders of Notes as those contained in the documentation governing
the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded; 
 (5) such Indebtedness is not incurred by a
Subsidiary if the Company is the obligor on the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded; provided, however, that a Subsidiary that is also a Guarantor may Guarantee Permitted Refinancing Indebtedness
incurred by the Company, whether or not such Subsidiary was an obligor or guarantor of the Indebtedness being extended, refinanced, renewed, replaced, defeased or  

  
 - 10 - 

 
refunded; provided further, however, that if such Permitted Refinancing Indebtedness is subordinated to the Notes, such Guarantee shall be subordinated to such Subsidiary’s
Guarantee to at least the same extent; and 
 (6) if the Indebtedness being extended, refinanced, renewed, replaced, defeased, or
refunded is Non-Recourse Purchase Money Indebtedness, such Permitted Refinancing Indebtedness satisfies clauses (1) and (2) of the definition of “Non-Recourse Purchase Money Indebtedness.” 

“Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust,
unincorporated organization, limited liability company or government or other entity. 
 “Pre-Qualified PO Share
Number” means the number of shares of Common Stock outstanding immediately prior to the Qualified PO without giving effect to any conversion of the Notes but after giving effect to the conversion or exchange of any other securities that are
convertible or exchangeable into Common Stock and any stock splits, reverse stock splits or stock dividends that occur prior to the consummation of the Qualified PO. 

“Pro Rata Portion” means, with respect to the number of Conversion Shares deliverable to any Holder upon conversion,
the product of (A) the aggregate number of Conversion Shares determined in accordance with Section 11.03(a) for all Notes outstanding at the time of the closing of the Qualified PO and (B) a fraction, the numerator of which is the
principal amount of the Notes held by such Holder and the denominator of which is the Qualified PO Principal Amount.  

“Qualified PO” means the first public offering of the Common Stock (a) in which the aggregate gross proceeds to
the Company and the stockholders selling such Common Stock, if any, equal or exceed $400,000,000 and (b) following such offering, such Common Stock is listed on a U.S. national securities exchange. For the avoidance of doubt, if a Qualified PO
does not successfully close, it shall not prevent a future public offering from qualifying and being treated as a “Qualified PO.” 

“Qualified PO Filing Date” means the date of the first filing of a registration statement in connection with a
Qualified PO. 
 “Qualified PO Principal Amount” means the aggregate principal amount of the Notes
outstanding on the closing date of the Qualified PO. 
 “Registration Rights Agreement” means the
Registration Rights Agreement, dated as of July 22, 2014, among the Company and Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Global Hunter Securities, LLC/Seaport Group Securities, LLC, as such agreement may be amended,
modified or supplemented from time to time and, with respect to any additional Notes, one or more registration rights agreements among the Company and the initial purchasers thereof, as such agreement(s) may be amended, modified or supplemented from
time to time, relating to rights provided by the Company to the purchasers of additional Notes to register Conversion Shares under the Securities Act. 

  
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 “Related Securities” means any options or warrants or other rights to
acquire Conversion Shares or any securities exchangeable or exercisable for or convertible into Conversion Shares, or to acquire other securities or rights ultimately exchangeable or exercisable for or convertible into Conversion Shares. 

“Representative” means the indenture trustee or other trustee, agent or representative for any Senior Debt. 

 “Responsible Officer” means any officer within the corporate trust department of the Trustee (or any
successor group of the Trustee) with direct responsibility for the administration of this Indenture and also means, with respect to a particular corporate trust matter hereunder, any other officer of the Trustee to whom such matter is referred
because of his or her knowledge of and familiarity with the particular subject. 
 “Restricted Notes Legend”
means the legend identified as such set forth in Exhibit A hereto, or any other similar legend indicating the restricted status of the Notes under Rule 144. 

“Restricted Stock Legend” means a legend in the form set forth in Exhibit B hereto or any other similar legend
indicating the restricted status of the Common Stock under Rule 144. 
 “Rule 1-02(w)” means Rule 1-02(w) of
Regulation S-X promulgated under the Securities Act, as such regulation is in effect on the date of this Indenture 

“Rule 144” means Rule 144 under the Securities Act (or any successor provision), as it may be amended from time to
time. 
 “Rule 144A” means Rule 144A under the Securities Act (or any successor provision), as it may be
amended from time to time. 
 “SEC” means the Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Senior Debt” means: 

(1) the Company’s obligations for money borrowed or purchased including without limitation the Designated Senior Debt; 

(2) Indebtedness evidenced by bonds, debentures, notes or similar instruments; 

(3) obligations associated with derivative products including but not limited to securities contracts, foreign currency exchange contracts,
swap agreements (including interest rate and foreign exchange rate swap agreements), cap agreements, floor agreements, collar agreements, interest rate agreements, foreign exchange rate agreements, options, commodity futures contracts, commodity
option contracts and similar financial instruments; and 
 (4) debt of others described in the preceding clauses that the Company has
guaranteed or for which the Company is otherwise liable, 

  
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 in each case unless, in any case, in the instrument creating or evidencing any such
indebtedness or obligation, or pursuant to which the same is outstanding, it is provided that such indebtedness or obligation is not superior in right of payment to the Notes or to other debt that is pari passu with or subordinate to the
Notes. 
 Notwithstanding anything to the contrary in the preceding, Senior Debt will not include: 

(1) any liability for federal, state, local or other taxes owed or owing by the Company; 

(2) any intercompany indebtedness of the Company or any of the Subsidiaries to the Company or any of its Affiliates; 

(3) any trade payables; or 
 (4)
indebtedness which is classified as non-recourse in accordance with GAAP or any unsecured claim arising in respect thereof by reason of the application of section 1111(b)(1) of the Bankruptcy Code. 

“Significant Subsidiary” means any Subsidiary that is a “significant subsidiary” of the Company within the
meaning of Rule 1-02(w). 
 “Stockholders Agreement” means the Second Amended and Restated Stockholders
Agreement among the Company and the holders of Equity Interests in the Company dated as of July 10, 2014, as amended, restated or supplemented from time to time. 

“Subsidiary” means any subsidiary of the Company. A “subsidiary” of any Person means: (i) a corporation
a majority of whose Voting Stock is at the time, directly or indirectly owned by such Person, by one or more subsidiaries of such Person or by such Person and one or more subsidiaries of such Person; or (ii) a partnership, joint venture,
limited liability company or similar entity, in which such Person or a subsidiary of such Person is, at the date of determination, in the case of a partnership, a general or limited partner of such partnership, and, in the case of each of the
foregoing entities, is entitled to receive more than 50 percent of the assets of such entity upon its dissolution. 

“Term Loan” means that certain Credit Agreement, dated as of July 22, 2014, among the Company, Energy &
Exploration Partners, LLC, as borrower, the Lenders party thereto and Credit Suisse AG, Cayman Islands Branch, as Administrative and Collateral Agent, together with any related notes, guarantees, collateral documents, instruments and agreements
executed in connection therewith, and, in each case, as amended, restated, modified, renewed, refunded, replaced in any manner (whether upon or after termination or otherwise) or refinanced in whole or in part from time to time. 

“Transfer” means, with respect to any Note or share of Common Stock that bears, or is required to bear, the Restricted Stock
Legend, any sale, pledge, transfer, loan, hypothecation or other disposition of such Note or share of Common Stock, as the case may be. 

“Transfer Agent” means an entity acting in its capacity as the transfer agent for the Common Stock. 

  
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 “Trustee” means the party named as the “Trustee” in the first
paragraph of this Indenture until a successor replaces it pursuant to the applicable provisions of this Indenture and, thereafter, means such successor. The foregoing sentence will likewise apply to any such subsequent successor or successors. 

“Upside Trigger” means, initially, a notional Equity Value of the Company of $900,000,000, subject to adjustment pursuant to
Section 11.05 hereof. 
 “Voting Stock” of any specified Person as of any date means the Capital Stock of such Person
that is at the time entitled to vote in the election of the Board of Directors of such Person. 
 “Weighted Average Life to
Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing: 
 (1) the sum of
the products obtained by multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect thereof, by (b) the number of
years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by 
 (2) the then
outstanding principal amount of such Indebtedness. 
 Section 1.02 Other Definitions. 

 

			
	 Term:
	  	 Defined in:

	“Act”	  	1.04
	“Agent Members”	  	2.02(c)
	“Applicable Conversion Price”	  	11.03(a)(i)(A)
	“Applicable Premium”	  	3.01(b)(i)
	“Change of Control Notice”	  	3.02(a)
	“Change of Control Notice Date”	  	3.02(a)
	“Change of Control Redemption”	  	12.03
	“Change of Control Repurchase Date”	  	3.01(c)
	“Change of Control Repurchase Notice”	  	3.03(a)(i)
	“Change of Control Repurchase Price”	  	3.01(b)
	“Conversion Agent”	  	2.06(a)
	“Conversion Date”	  	11.02(a)
	“Conversion Deadline”	  	11.01(a)
	“Conversion Notice”	  	11.02(a)
	“Conversion Shares”	  	11.01(a)
	“Convertible Securities”	  	11.05(a)
	“Defaulted Amount”	  	2.04(c)
	“Default Interest”	  	2.04(c)
	“Equity Sale”	  	11.05(a)
	“Event of Default”	  	6.01(a)
	“Interest Rate”	  	2.04(a)(ii)
	“Interest Payment Date”	  	2.04(a)(ii)
	“Lock-up Period”	  	11.02(e)

  
 - 14 - 

			
	 Term:
	  	 Defined in:

	“Maturity Date”	  	2.04(a)(i)
	“Paying Agent”	  	2.06(a)
	“Payment Blockage Notice”	  	10.03(a)(ii)
	“Permitted Indebtedness”	  	4.05(a)
	“Redemption Date”	  	12.04(a)(ii)
	“Redemption Notice”	  	12.04(a)
	“Redemption Notice Date”	  	12.04(a)
	“Redemption Price”	  	12.04(a)(iii)
	“Register”	  	2.06(a)
	“Registrar”	  	2.06(a)
	“Regular Record Date”	  	2.04(a)(ii)
	“Regulation S Global Notes”	  	2.10(c)(i)
	“Reorganization Event”	  	5.01
	“Reorganization Successor Corporation”	  	5.01(a)(ii)
	“Reports”	  	4.03(a)
	“Restricted Period”	  	2.10(c)(i)
	“Rule 144A Global Notes”	  	2.10(c)(i)
	“Qualified PO Redemption”	  	12.02
	“Qualified PO Redemption Right”	  	12.02
	“Qualified PO Redemption Notice”	  	12.02
	“Qualified PO Revocation Notice”	  	12.02
	“Scheduled Interest Rate Increase”	  	2.04(a)(ii)
	“Special Record Date”	  	2.04(c)(i)
	“Terminal Value”	  	2.04(a)(i)
	“Temporary Notes”	  	2.12

 Section 1.03 Rules of Construction. 

Unless the context otherwise requires: 

(1) a term has the meaning assigned to it; 

(2) an accounting term not otherwise defined has the meaning assigned to it and will be construed in accordance with GAAP; 

(3) “or” is not exclusive; 

(4) “including” means including, without limitation; 

(5) words in the singular include the plural, and words in the plural include the singular; 

(6) “will” shall be interpreted to express a command; 

(7) any reference to an “Article”, “Section” or “clause” refers to an Article, Section or clause, as the case
may be, of this Indenture; 

  
 - 15 - 

 (8) references to sections of, or rules under, the Securities Act or the Exchange Act shall be
deemed to include substitute, replacement or successor sections or rules adopted by the SEC from time to time; 
 (9) all references to $,
dollars, cash payments or money refer to United States currency; and 
 (10) all references to interest on the Notes will not include any
Default Interest payable on a Defaulted Amount pursuant to the terms of Section 2.04 hereof. 
 Section 1.04 Acts of
Holders. Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor
signed by such Holders in person or by an agent duly appointed in writing; and, except as herein otherwise expressly provided, such action will become effective when such instrument or instruments are delivered to the Trustee and to the Company.
Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of Holders signing such instrument or instruments. Proof of execution of any such instrument or of
a writing appointing any such agent will be sufficient for any purpose of this Indenture and conclusive in favor of the Trustee and the Company, if made in the manner provided in this Section 1.04. 

The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such
execution or by a certificate of a notary public or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to such officer the execution thereof. Where such
execution is by a signer acting in a capacity other than such signer’s individual capacity, such certificate or affidavit will also constitute sufficient proof of such signer’s authority. The fact and date of the execution of any such
instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner that the Trustee deems sufficient. 

Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Note will bind every future Holder of
the same Note and the Holder of every Note issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee, the Company, the Paying Agent, the
Conversion Agent or the Registrar in reliance thereon, whether or not notation of such action is made upon such Note. 
 If the Company
solicits from the Holders any request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, by or pursuant to a Board Resolution, fix in advance a record date for the determination of Holders
entitled to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company will have no obligation to do so. If such a record date is fixed, such request, demand,

  
 - 16 - 

 
authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the Close of Business on such record date will be
deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of outstanding Notes have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act,
and, for that purpose, the outstanding Notes will be computed as of such record date; provided that no such authorization, agreement or consent by the Holders on such record date will be deemed effective unless it will become effective
pursuant to the provisions of this Indenture not later than six months after the record date. 
 ARTICLE 2 

THE NOTES 

Section 2.01 Designation, Amount and Issuance of Notes. 

(a) The Notes will be designated as “8.00% Convertible Subordinated Notes due 2019.” The initial aggregate principal amount of Notes
to be issued, authenticated and delivered on the Issue Date under this Indenture is $375,000,000. From time to time, the Company may issue and execute, and the Trustee may authenticate, Notes delivered upon registration or transfer of, or in
exchange for, or in lieu of, other Notes pursuant to Sections 2.09, 2.11, 2.12 and 3.06 hereof. In addition, the Company may issue an unlimited aggregate principal amount of additional Notes in accordance with Section 2.01(b) hereof. 

(b) Without the consent of any Holder, and notwithstanding anything to the contrary in Sections 2.01(a) or 2.05 hereof, the Company may
increase the aggregate principal amount of the Notes issued under this Indenture by reopening this Indenture and issuing additional Notes with the same terms as the initial Notes (except, to the extent applicable, with respect to the date as of
which interest shall begin to accrue on such additional Notes), which Notes will, subject to the foregoing, be considered to be part of the same series of Notes as those initially issued hereunder; provided, however, that if any such
additional Notes are not fungible with other Notes issued hereunder for federal income tax purposes, then such additional Notes shall have a separate CUSIP number. Prior to issuing any such additional Notes, the Company will deliver to the Trustee a
Company Order, an Officers’ Certificate and an Opinion of Counsel, which Officers’ Certificate and Opinion of Counsel will (i) address any matters required to be addressed under Section 13.03 hereof, (ii) include a statement
that the form and the terms of such Notes has been established in conformity with the provisions of this Indenture and (iii) include a statement that the Notes when authenticated and delivered by the Trustee and issued by the Company in the
manner and subject to any conditions specified in such Officers’ Certificate or Opinion of Counsel, will constitute valid and legally binding obligations of the Company, enforceable in accordance with their terms, subject to bankruptcy,
insolvency, reorganization and other laws of general applicability relating to or affecting the enforcement of creditors’ rights and to general equity principles.  

Section 2.02 Form of Notes. 

(a) General. The Notes will be substantially in the form of Exhibit A hereto, but may include any notations, legends or
endorsements required by any applicable law (or regulation promulgated thereunder), stock exchange rule, agreement to which the Company is subject or usage, or any insertions, omissions or other variations otherwise permitted or required by this
Indenture. Whenever any such notation, legend or endorsement, or any such insertion, omission or other variation is applicable to a Note, the Company will provide such notation, legend or endorsement, or such insertion, omission or other variation
to the Trustee in writing. 

  
 - 17 - 

 Each Note will bear a Trustee’s certificate of authentication substantially in the form set
forth in Exhibit A hereto. 
 Notes that are Global Notes will bear the Global Note Legend and the “Schedule of Increases and
Decreases of Global Note” attached thereto. 
 Notes will bear the Restricted Notes Legend. 

The terms and provisions contained in the Notes will constitute, and are hereby expressly made, a part of this Indenture and, to the extent
applicable, the Company and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. However, to the extent that any provision of any Note conflicts with the express
provisions of this Indenture, the provisions of this Indenture will govern and control. 
 (b) Initial and Subsequent Notes.
The Notes initially will be issued in global form, registered in the name of Cede & Co., as the nominee of the Depositary, and deposited with the Trustee, at its Corporate Trust Office, as custodian for the Depositary. Except to the extent
provided in Section 2.09(c) hereof, all Notes will be represented by one or more Global Notes. 
 (c) Global Notes.
Each Global Note will represent the aggregate principal amount of then outstanding Notes endorsed thereon and provide that it represents such aggregate principal amount of then outstanding Notes, which aggregate principal amount may, from time
to time, be reduced or increased to reflect transfers, exchanges, conversions, redemptions or repurchases by the Company. 
 Only the
Trustee, or the custodian holding such Global Note for the Depositary at the direction of the Trustee, may endorse a Global Note and/or, in the case of the Trustee, adjust the balance on the Register in accordance with its internal procedures, to
reflect the amount of any increase or decrease in the aggregate principal amount of then outstanding Notes represented thereby, and whenever the Holder of a Global Note delivers instructions to the Trustee to increase or decrease the aggregate
principal amount of then outstanding Notes represented by a Global Note in accordance with Section 2.09 hereof, the Trustee, or the custodian holding such Global Note for the Depositary, at the direction of the Trustee, will endorse such Global
Note and/or, in the case of the Trustee, adjust the balance of the Register in accordance with its internal procedures, to reflect such increase or decrease in the aggregate principal amount of then outstanding Notes represented thereby. None of the
Trustee, the Company or any agent of the Trustee or the Company will have any responsibility or bear any liability for any aspect of the records relating to, or payments made on account of, the ownership of any beneficial interest in a Global Note
or with respect to maintaining, supervising or reviewing any records relating to such beneficial interest. 
 Neither any member of, or
participant in, the Depositary, Euroclear or Clearstream (collectively, the “Agent Members”) nor any other Person on whose behalf an Agent Member may act will have any rights under this Indenture with respect to any Global Note or
under such Global Note, and the Company, the Trustee and any agent of the Company or the Trustee, may, for all purposes, treat the Depositary, or its nominee, if any, as the absolute owner and Holder of such Global Note. 

  
 - 18 - 

 The Holder of a Global Note may grant proxies and otherwise authorize any Person, including Agent
Members and Persons that may hold interests through Agent Members, to take any action that such Holder is entitled to take under this Indenture or the Notes with respect to such Global Note, and, notwithstanding the foregoing, nothing herein will
prevent the Company, the Trustee, the Paying Agent or any agent of the Company, the Trustee or the Paying Agent from giving effect to any written certification, proxy or other authorization furnished by such Holder or impair, as between the
Depositary, its Agent Members and any other Person on whose behalf an Agent Member may act, the operation of their respective customary practices governing the exercise of the rights of a Holder of any interest in any Global Note. 

Neither the Trustee nor any of the Paying Agent, Registrar, Conversion Agent or any other agent of the Trustee shall have any responsibility
or liability for the payment of amounts to owners of beneficial interests in a Global Note for any aspect of the records relating to or payments made on account of those interests by the Depositary or for maintaining, supervising or reviewing any
records of the Depositary relating to those interests. 
 Section 2.03 Denomination of Notes. The Notes will be issuable
in minimum denominations of $1,000.00 principal amount and in integral multiples of $1,000 in excess thereof. 
 Section 2.04
Payments. 
 (a) General. 

(i) Terminal Value Payment at Maturity or Upon Certain Events. Unless earlier converted, redeemed or repurchased pursuant to any of
Sections 3.05(c), 11.03 or 12.07 hereof, the Notes will mature on July 1, 2019 (the “Maturity Date”). On the Maturity Date, each Holder will be entitled to, and the Company will pay or cause the Paying Agent to pay each Holder,
a cash amount equal to the product of (w) the principal amount of Notes held by such Holder on the Maturity Date and (x) the Applicable Premium as of the Maturity Date (calculated pursuant to Section 3.01(b) as if the Maturity Date
was the Change of Control Date for purposes of that calculation), together with all accrued and unpaid interest on such Notes to, but not including, the Maturity Date. In addition, notwithstanding anything in this Indenture to the contrary, in the
event of the liquidation, dissolution or winding up of the Company, including, without limitation, any such event constituting an Event of Default specified in Section 6.01(a)(ix) (but not, for the avoidance of doubt, any such event complying
with Section 5.01), each Holder will be entitled to, and the Company will pay or cause the Paying Agent to pay each Holder, a cash amount equal to the product of (y) the principal amount of Notes held by such Holder on the effective date
of such event and (z) the Applicable Premium as of such effective date (calculated pursuant to Section 3.01(b) as if such effective date was the Change of Control Date for purposes of that calculation), together with all accrued and unpaid
interest on such Notes to, but not including, such effective date. The amount payable under this Section 2.04(a)(i) is referred to herein as the “Terminal Value.” 

  
 - 19 - 

 (ii) Payment of Interest. Each Note will accrue interest at a rate (the “Interest
Rate”) equal to 8.00% per annum from the most recent date to which interest has been paid or duly provided for, or, if no interest has been paid or duly provided for, the Issue Date (or such other date provided for in
Section 2.01(b) with respect to Notes issued in accordance with such Section) until, subject to the provisions of Section 2.04(c), the date the principal amount of such Note is converted, paid or deemed paid, as the case may be, pursuant
to clause (i) of this Section 2.04(a) or any of Sections 3.05, 11.03 or 12.07 hereof; provided that the Interest Rate on the Notes will increase by 0.50% per annum effective as of the Interest Payment Date falling on
July 1, 2015 and on each Interest Payment Date thereafter (a “Scheduled Interest Rate Increase”) if a preliminary prospectus under the Securities Act with a bona fide price range in connection with a Qualified PO has not been
filed by each such Interest Payment Date and, in each case, such Qualified PO has not priced within 60 days after the date of such Scheduled Interest Rate Increase. The Company shall notify the Trustee of such Scheduled Interest Rate Increase in an
Officers’ Certificate. 
 Interest will be payable semi-annually in arrears on January 1 and July 1 of each year (each, an
“Interest Payment Date”), beginning January 1, 2015 (or such other date provided for in Section 2.01(b) with respect to Notes issued in accordance with such Section), to the Holder of each such Note as of the Close of
Business (whether or not a Business Day) on the December 15 or June 15, as the case may be, immediately preceding the relevant Interest Payment Date (each such date, a “Regular Record Date”). Interest will be computed on
the basis of a 360-day year comprised of twelve 30-day months. 
 Interest accruing on the Notes will be payable on each Interest Payment
Date entirely in cash. 
 (iii) Method of Payment. The Company will pay or cause the Paying Agent to pay any principal or Terminal
Value of, Change of Control Repurchase Price or Redemption Price for, and interest on, any Global Note to the Depositary by wire transfer of immediately available funds on the relevant payment date. 

The Company will pay or cause the Paying Agent to pay any principal or Terminal Value of, Change of Control Repurchase Price or Redemption
Price for, and interest on any Certificated Note in cash to the applicable Holder of such Note at the office of the Paying Agent on the relevant payment date or, at the option of the Company, through the Paying Agent by check mailed to the Holder of
such Note at its address set forth in the register of Holders. 
 The Company will pay or cause the Paying Agent to pay interest due on an
Interest Payment Date on any Certificated Note (i) to any Holder of an aggregate principal amount of Notes less than or equal to $5,000,000, by check mailed to such Holder’s registered address, and (ii) to any Holder of an aggregate
principal amount of Notes greater than $5,000,000, either by check mailed to such Holder’s registered address or, upon application by such Holder to the Registrar not later than five days prior to the Regular Record Date relating to such
Interest Payment Date, a written request to the Registrar that the Company makes such payments by wire transfer to an account of such Holder within the United States, by wire transfer of immediately available funds to such account, which request
shall remain in effect until such Holder notifies, in writing, the Registrar to the contrary. 

  
 - 20 - 

 If any Interest Payment Date, the date for payment of amounts in respect of conversions, the
Maturity Date or a Change of Control Repurchase Date falls on a day that is not a Business Day, the required payment will be made on the next succeeding Business Day and no interest on such payment will accrue as a result of such delay. 

(b) Interest Rights Preserved. Subject to the provisions of Section 2.04(c) hereof, and, to the extent applicable, Sections 2.09
and 2.11 hereof, each Note delivered under this Indenture upon registration of transfer of, or in exchange for, or in lieu of, any other Note will carry any rights to the payment and accrual of interest that were carried by the relevant surrendered
Note, Notes or portion(s) thereof. 
 (c) Defaulted Amounts. Whenever any principal or interest payable on a Note (including any
Change of Control Repurchase Price, Redemption Price or Terminal Value, if applicable) has become due and payable on the Maturity Date, upon repurchase, redemption or declaration of acceleration or otherwise, but the Company fails to punctually pay
or duly provide for such amount (any such amount, a “Defaulted Amount”), such Defaulted Amount will forthwith cease to be payable to the Holder of such Note on the relevant payment date by virtue of its having been due such payment
on such payment date, but will instead, to the extent permitted under applicable law, accrue interest (“Default Interest”) at a rate equal to the then prevailing Interest Rate plus 1% per annum from, and including, such payment
date and to, but excluding, the date on which such Defaulted Amount is paid by the Company in accordance with either clause (i) or (ii) below. 

(i) The Company may elect to pay any Defaulted Amount and Default Interest on such Defaulted Amount to the Persons in whose names the Notes
(or their respective predecessor Notes) are registered at the Close of Business on a special record date for the payment of such Defaulted Amount and Default Interest (a “Special Record Date”) fixed in accordance with the following
procedures: 
 (A) At least 30 days before the date on which the Company proposes to pay such Defaulted Amounts and Default
Interest thereon, the Company will deliver to the Trustee written notice in the form of an Officers’ Certificate of (I) the proposed payment date for such Defaulted Amounts and Default Interest thereon and (II) the aggregate amount of such
Defaulted Amounts and Default Interest thereon. 
 (B) Simultaneously with delivering such notice to the Trustee, the Company
will either (I) deposit with the Trustee an amount of money, in immediately available funds, equal to the aggregate amount of such Defaulted Amounts and Default Interest thereon, or (II) take other actions that the Trustee deems reasonably
satisfactory to ensure that an amount of money, in immediately available funds, equal to the aggregate of such Defaulted Amounts and Default Interest thereon will be deposited with the Trustee by 10:00 a.m., New York City time, on the proposed
payment date, and in either case, upon receipt of such money, the Trustee will hold such money in trust for the benefit of the Persons entitled to such Defaulted Amounts and Default Interest pursuant to this Section 2.04(c)(i). 

  
 - 21 - 

 (C) Upon (i) receipt of such notice and (ii) the Company’s
depositing such money or taking such other actions reasonably satisfactory to the Trustee, the Company will promptly fix a Special Record Date for the payment of such Defaulted Amounts and Default Interest thereon, which Special Record Date will be
not more than 15 calendar days and not less than 10 days prior to the proposed payment date, and notify the Trustee in writing of the Special Record Date. The Trustee will then, in the name and at the expense of the Company, deliver notice to each
Holder specifying such Special Record Date and the date on which such Defaulted Amounts and Default Interest thereon will be paid by the Company. 

(D) After such notice has been delivered by the Trustee, such Defaulted Amounts and Default Interest thereon will be paid to
the Persons in whose names the Notes (or their respective predecessor Notes) are registered at the Close of Business on the Special Record Date specified in such notice and such Defaulted Amounts and Default Interest thereon will no longer be
payable pursuant to the following clause (ii) of this Section 2.04(c)(i). 
 (ii) The Company may pay any Defaulted Amounts and
Default Interest on such Defaulted Amounts in any other lawful manner that is not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes are then listed (or, if applicable, have been approved
for listing) or designated for issuance, and upon such notice as may be required by such exchange or automated quotation system, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this clause, such manner of
payment will be deemed practicable by the Trustee. For the avoidance of doubt, the Trustee shall not at any time be under any duty or responsibility to any Holder to determine the Defaulted Amounts or Default Interest, or with respect to the nature,
extent, or calculation of the amount of Defaulted Amounts or Default Interest owed, or with respect to the method employed in such calculation of the Defaulted Amounts or Default Interest. 

Section 2.05 Execution and Authentication. 

(a) In General. A Note will be valid only if executed by the Company and authenticated by the Trustee. 

(b) Execution. A Note will be deemed to have been executed by the Company when an Officer of the Company signs such Note on behalf of
the Company. Each Officer’s signature may be manual or facsimile, and the validity of such Officer’s signature will not depend on whether such signatory remains an Officer at the time the Trustee authenticates such Note. 

(c) Authentication. A Note will be deemed authenticated when an authorized signatory of the Trustee manually signs the certificate of
authentication on such Note. An authorized signatory of the Trustee will manually sign the certificate of authentication on a Note only if (i) the Company delivers such Note to the Trustee, (ii) such Note is validly executed by the Company
in accordance with Section 2.05(b) hereof, and (iii) the Company delivers, before or with such Note, a Company Order setting forth (A) a request that the Trustee authenticate such Note; (B) the principal amount of such Note;
(C) the name of the Holder of such Note; and (D) the date on which such Note is to be authenticated. If the Company Order also specifies that the Trustee must deliver such Note to the Holder or the Depositary, the Trustee will promptly
deliver such Note in accordance with such Company Order. 

  
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 The Trustee may appoint an authenticating agent reasonably acceptable to the Company and at the
expense of the Company. If the Trustee appoints an authenticating agent, such authenticating agent may authenticate a Note whenever the Trustee may authenticate such Note, unless limited by the terms of such appointment. Each reference in this
Indenture to authentication by the Trustee will be deemed to include authentication by an authenticating agent, and an authenticating agent will have the same rights to deal with the Company as the Trustee would have if it were performing the duties
that the authentication agent was validly appointed to undertake. 
 Section 2.06 Registrar, Paying Agent and Conversion
Agent. 
 (a) General. The Company will maintain an office or agency in the continental United States where Notes may be
presented for registration of transfer or for exchange (the “Registrar”), an office or agency where the Notes may be presented for payment, repurchase or redemption (the “Paying Agent”), an office or agency where
the Notes may be presented for conversion (the “Conversion Agent”) and an office or agency where notices and demands with respect to the Notes and this Indenture may be served. 

The Registrar will keep a register for the recordation of, and will record, the names and addresses of Holders, the Notes held by each
Holder and the transfer, exchange, repurchase, redemption and conversion of Notes (the “Register”). Absent manifest error, the entries in the Register will be conclusive and the parties may treat each Person whose name is recorded
in the Register pursuant to the terms hereof as a Holder hereunder for all purposes of this Indenture. The Register will be in written form or in any form capable of being converted into written form within a reasonably prompt period of time.

 The Company may have one or more Registrars, one or more Paying Agents, one or more Conversion Agents and one or more places where
notices and demands with respect to the Notes and this Indenture may be served. Before appointing any Registrar, Paying Agent or Conversion Agent that is not otherwise a party to this Indenture, the Company will enter into an appropriate agency
agreement with such Registrar, Paying Agent or Conversion Agent, as the case may be, which agency agreement will implement the provisions of this Indenture that relate to such replacement or additional Registrar, Paying Agent or Conversion Agent, as
the case may be. The term Registrar includes any additional registrars named pursuant to this Indenture. The term Paying Agent includes any additional paying agent named pursuant to this Indenture. The term Conversion Agent includes any additional
conversion agent named pursuant to this Indenture. Upon the occurrence of any Event of Default under Section 6.01(a)(ix) or 6.01(a)(x) with respect to the Company, the Trustee shall be the Paying Agent. 

(b) Initial Designations. The Company initially appoints the Trustee as each of the Registrar, the Paying Agent and the
Conversion Agent, and the Notes initially may be presented for registration of transfer or for exchange, payment, repurchase, redemption and conversion to the Trustee, in its capacity as the Registrar, Paying Agent or Conversion Agent, as the case
may be, at the Corporate Trust Office. Notices and demands with respect to the Notes and this Indenture may be served at the Corporate Trust Office. 

  
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 (c) Removal, Resignation and Replacement. The Company may remove any Registrar,
Paying Agent or Conversion Agent by delivering written notice to the Trustee and to such Registrar, Paying Agent or Conversion Agent; provided, however, that no such removal will become effective unless (i) after such removal, at
least one Registrar, Paying Agent and Conversion Agent will remain; (ii) a successor has accepted appointment as Registrar, Paying Agent or Conversion Agent, as the case may be, the Company and such successor have entered into an agency
agreement in accordance with Section 2.06(a) hereof, and the Company has delivered written notice of such appointment and a copy of such agency agreement to the Trustee; or (iii) the Company has delivered written notice to the Trustee that
the Trustee will serve as the successor Registrar, Paying Agent or Conversion Agent, as the case may be, in accordance with Section 2.06(d) hereof; and provided, further, that the right to effect any such change or removal in no
way relieves the Company of its obligation to maintain a Registrar, Paying Agent and Conversion Agent in the continental United States. The Company may also change the place where notices and demands with respect to the Notes and this Indenture may
be served, or reduce the number of such places; provided, however, that the right to effect any such change or reduction in no way relieves the Company of its obligation to maintain a place in the continental United States where
notices and demands with respect to the Notes and this Indenture may be served. 
 In addition, the Registrar, Paying Agent or
Conversion Agent may resign at any time by delivering written notice of such resignation to each of the Company and the Trustee; provided, however, that if the Trustee is serving as Registrar, Paying Agent or Conversion Agent, the
Trustee may resign from such capacity only if it also resigns as Trustee in accordance with Section 7.07 hereof. If, after any such resignation, at least one Registrar, Paying Agent and Conversion Agent does not remain, the Trustee will
immediately be deemed to serve such empty office or agency in accordance with Section 2.06(d) hereof. 
 (d) Failure
to Maintain an Office or Agency. If the Company fails to maintain, in the continental United States, a Registrar, Paying Agent, Conversion Agent or place where notices and demands with respect to the Notes and this Indenture may be served, the
Trustee will act as the Registrar, Paying Agent, Conversion Agent, or place, as the case may be, and the office where the Notes may be presented for registration of transfer or for exchange, presented for payment, repurchase or redemption or
surrendered for conversion, or place where notices and demands with respect to the Notes and this Indenture may be served, as the case may be, will be the Corporate Trust Office. In each such case, the Trustee will be entitled to compensation for
such action pursuant to Section 7.06 hereof. 
 (e) Notices. Promptly upon the effectiveness of any removal or
appointment of a Registrar, Paying Agent or Conversion Agent, or upon any change in the location of the office of any Registrar, Paying Agent or Conversion Agent, or of the place where notices and demands with respect to the Notes and this Indenture
may be served, the Company will deliver to each Holder written notice of such removal, appointment or change in location, as the case may be, which notice will include a brief description of the removal, appointment or change in location, as the
case may be, and list the name and address of each continuing (and newly appointed, if applicable) Registrar, Paying Agent and Conversion Agent and place where notices and demands with respect to the Notes and this Indenture may be served.

  
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 Section 2.07 Money Held in Trust. Except as otherwise provided herein, by no later
than 10:00 a.m., New York City time, on each due date for a payment on any Note, the Company will deposit with the Paying Agent an amount of money in immediately available funds, if deposited on the due date sufficient to make such payment when due.

 The Company will require that each Paying Agent (other than the Trustee, if the Trustee is a Paying Agent) agree in writing that it will
(i) segregate all money it holds for making payments with respect to the Notes; (ii) hold such money in trust for the benefit of Holders; and (iii) notify the Trustee, in writing, as promptly as practicable, if the Company defaults in
making any payment on the Notes. 
 If any such default has occurred and is continuing, the Paying Agent will, upon receiving a written
request from the Trustee, forthwith pay to the Trustee all of the money it holds in trust. In addition, at any time, the Company may require a Paying Agent to pay all money that it holds for making payments with respect to the Notes to the Trustee
and to account for any money it has disbursed. After delivering all of such money to the Trustee pursuant to this Section 2.07, the Paying Agent (in its capacity as such) will have no further liability for such money. 

Section 2.08 Holder Lists. 

The Trustee will preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of
Holders. If the Trustee is not the Registrar, the Company will furnish to the Trustee, (i) within five Business Days after each Regular Record Date, a list of the names and addresses of Holders as of such Regular Record Date and (ii) at
such other times as the Trustee may request in writing, within 30 days after receipt by the Company of such request, a list of the names and addresses of Holders as of no more than 15 days immediately prior to the date such list is furnished, in
each case, in such form as the Trustee may reasonably require. 
 Section 2.09 Transfer and Exchange. 

(a) Provisions Applicable to All Transfers and Exchanges. 

(i) Subject to the restrictions set forth in this Section 2.09 and Section 11.02(f), Certificated Notes and beneficial interests in
Global Notes may be transferred or exchanged from time to time as desired, and each such transfer or exchange of Certificated Notes will be noted by the Registrar in the Register. 

(ii) All Notes issued upon any registration of transfer or exchange in accordance with this Indenture will be the valid obligations of the
Company, evidencing the same debt, and entitled to the same benefits under this Indenture as the Notes surrendered upon such registration of transfer or exchange. 

(iii) No service charge will be imposed by the Company, the Trustee or the Registrar on any Holder of a Certificated Note or any owner of a
beneficial interest in a Global 

  
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Note for any exchange or registration of transfer, but each of the Company, the Trustee or the Registrar may require such Holder or owner of a beneficial interest to pay a sum sufficient to cover
any transfer tax, assessment or other similar governmental charge required by law or permitted by this Indenture. 
 (iv) None of the
Company, the Trustee, the Registrar or any co-registrar will be required to exchange or register a transfer of any Note (i) surrendered for conversion, except to the extent that any portion of such Note has not been surrendered for conversion,
(ii) subject to a Change of Control Repurchase Notice validly delivered pursuant to Section 3.03 hereof, except to the extent any portion of such Note is not subject to a Change of Control Repurchase Notice or the Company fails to pay the
applicable Change of Control Repurchase Price when due, or (iii) after the Company has delivered a Redemption Notice pursuant to Section 12.04 hereof, except to the extent the Company fails to pay the applicable Redemption Price when due.

 (v) The Trustee will have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on Transfer
imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Depositary participants or beneficial owners of interests in any Global Note) other than to
require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of this Indenture, and to examine the same to determine substantial compliance as to
form with the express requirements hereof. 
 (b) In General; Transfer and Exchange of Beneficial Interests in Global Notes. So long
as the Notes are eligible for book-entry settlement with the Depositary (unless otherwise required by law and except to the extent required by Section 2.09(c) hereof): 

(i) all Notes will be represented by one or more Global Notes; 

(ii) every transfer and exchange of a beneficial interest in a Global Note will be effected through the Depositary in accordance with the
Applicable Procedures and the provisions of this Indenture (including the restrictions on Transfer set forth in Section 2.10 hereof); and 

(iii) each Global Note may be transferred only as a whole and only (A) by the Depositary to a nominee of the Depositary, (B) by a
nominee of the Depositary to the Depositary or to another nominee of the Depositary, or (C) by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. 

(c) Transfer and Exchange of Global Notes for Certificated Notes. 

(i) Notwithstanding any other provision of this Indenture, each Global Note will be exchanged for Certificated Notes if the Depositary
delivers notice to the Company that: 
 (I) the Depositary is unwilling or unable to continue to act as Depositary; or 

  
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 (II) the Depositary is no longer registered as a clearing agency under the Exchange Act, 

and, in each case, the Company promptly delivers a copy of such notice to the Trustee and the Company fails to appoint a successor Depositary within 90 days
after receiving notice from the Depositary. 
 In each such case, (1) each Global Note will be deemed surrendered to the Trustee for
cancellation, (2) the Trustee will promptly cancel each such Global Note in accordance with the Applicable Procedures, (3) the Company, (x) in accordance with Section 2.05 hereof, will promptly execute, for each beneficial
interest in each Global Note so cancelled, an aggregate principal amount of Certificated Notes equal to the aggregate principal amount of such beneficial interest, registered in such name and authorized denominations as the Depositary specifies, and
bearing such legends as such Certificated Notes are required to bear under Section 2.02 and Section 2.10 hereof, and, (y) as provided in Section 2.05(c) hereof, will promptly deliver to the Trustee such Certificated Notes and a
Company Order including the information specified in Section 2.05(c) hereof with respect to such Certificated Notes, and (4) the Trustee, upon receipt of such Certificated Notes and such Company Order, in accordance with Section 2.05
hereof, will promptly authenticate, and deliver to the Holder specified in such Company Order, such Certificated Notes. 
 (ii) In addition:

 (I) if an Event of Default has occurred and is continuing, any owner of a beneficial interest in a Global Note may exchange such
beneficial interest for Certificated Notes by delivering a written request to the Company, the Registrar and the Trustee; or 
 (II) at any
time, the Company may, in its sole discretion, at the request of the owner of a beneficial interest in a Global Note, permit the exchange of such owner’s beneficial interest for Certificated Notes, by delivering a written request to the
Registrar, the Trustee and the owner of such beneficial interest. 
 In each case, (1) upon receipt of such request, the Registrar will
promptly deliver written notice of such request to the Company and the Trustee, which notice must identify the owner of the beneficial interest to be exchanged, the aggregate principal amount of such beneficial interest and the CUSIP number of the
relevant Global Note; (2) the Trustee, upon receipt of such notice, will promptly cause the aggregate principal amount of such Global Note to be reduced by the aggregate principal amount of the beneficial interest to be so exchanged in
accordance with the Applicable Procedures, (3) the Company (x) in accordance with Section 2.05 hereof, will promptly execute, for such beneficial interest, a Certificated Note having aggregate principal amount equal to the aggregate
principal amount of such beneficial interest, registered in the name of the owner specified in the notice delivered by the Registrar, and bearing such legends as such Certificated Note is required to bear under Sections 2.02 and 2.10 hereof, and,
(y) as provided in Section 2.05(c) hereof, will promptly deliver to the Trustee such Certificated Note and a Company Order including the information specified in Section 2.05(c) hereof with respect to such Certificated Note, and
(4) the Trustee, upon receipt of such Certificated Note and such Company Order, will promptly, in accordance with Section 2.05 hereof, authenticate, and deliver 

  
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to the Holder specified in such Company Order, such Certificated Note. If, after such exchange, all of the beneficial interests in a Global Note have been exchanged for Certificated Notes, such
Global Note will be deemed surrendered to the Trustee for cancellation, and the Trustee will cause such Global Note to be cancelled in accordance with the Applicable Procedures and the Trustee’s internal procedures. 

(d) Transfer and Exchange of Certificated Notes. If Certificated Notes are issued, a Holder may: 

(i) transfer a Certificated Note by: (A) surrendering such Certificated Note for registration of transfer to the Registrar, together with
any endorsements or instruments of transfer reasonably required by any of the Company, the Trustee and the Registrar; (B) delivering any documentation that any of the Company, the Trustee and the Registrar require to ensure that such transfer
complies with Section 2.10 hereof and any applicable securities laws, including, without limitation, the transfer and exchange form attached to such Certificated Note; and (C) satisfying any other requirements for such transfer set forth
in this Section 2.09 and Section 2.10 hereof. Upon the satisfaction of conditions (A), (B) and (C), (1) the Company, (x) in accordance with Section 2.05 hereof, will promptly execute a new Certificated Note, in the name
of the designated transferee, having an aggregate principal amount equal to that of the transferred Certificated Note and bearing such legends as such Certificated Note is required to bear under Sections 2.02 and 2.10 hereof, and (y) as
provided in Section 2.05(c) hereof, will promptly deliver to the Trustee such Certificated Note and a Company Order including the information specified in Section 2.05(c) with respect to such Certificated Note, and (2) the Trustee,
upon receipt of such Certificated Note and such Company Order, will promptly, in accordance with Section 2.05 hereof, authenticate, and deliver to the Holder specified in such Company Order, such Certificated Note; 

(ii) exchange one or more Certificated Notes for one or more other Certificated Notes of any authorized denominations, and in aggregate
principal amount equal to the aggregate principal amount of the one or more Certificated Notes to be exchanged, by surrendering such one or more Certificated Notes, together with any endorsements or instruments of transfer reasonably required by any
of the Company, the Trustee and the Registrar, at any office or agency maintained by the Company for such purposes pursuant to Section 2.06 hereof, including, without limitation, the transfer and exchange forms attached to such Certificated
Note. Whenever a Holder so surrenders one or more Certificated Notes for exchange, (1) the Company, (x) in accordance with Section 2.05 hereof, will promptly execute one or more new Certificated Notes, each in the name of such Holder,
in the authorized denomination or denominations that such Holder requested (which authorized denomination or authorized denominations, as the case may be, must, in aggregate, equal the aggregate principal amount of the one or more Certificated Notes
to be exchanged), and bearing a unique registration number not contemporaneously outstanding and such legends as such Certificated Note is required to bear under Sections 2.02 and 2.10 hereof, and (y) as provided in Section 2.05(c) hereof,
will promptly deliver to the Trustee each such Certificated Note and a Company Order including the information specified in Section 2.05(c) with respect to each such Certificated Note, and (2) the Trustee, upon receipt of each such
Certificated Note and such Company Order, will promptly, in accordance with Section 2.05 hereof, authenticate, and deliver to the Holder specified in such Company Order, each such Certificated Note; and 

  
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 (iii) if then permitted by the Applicable Procedures, transfer or exchange a Certificated Note
for a beneficial interest in a Global Note by (A) surrendering such Certificated Note for registration of transfer or exchange, together with any endorsements or instruments of transfer reasonably required by any of the Company, the Trustee and
the Registrar, at any office or agency maintained by the Company for such purposes pursuant to Section 2.06 hereof; (B) delivering any documentation that any of the Company, the Trustee and the Registrar require to ensure that such
transfer complies with Section 2.10 hereof and any applicable securities laws (which may include a certification that such Note is being transferred to a “qualified institutional buyer” (as defined in Rule 144A) in accordance with
Rule 144A), including, without limitation, the transfer and exchange form attached to such Certificated Note; (C) satisfying any other requirements for such transfer set forth in this Section 2.09 and Section 2.10 hereof; and
(D) providing written instructions to the Trustee to make an adjustment in its books and records with respect to the applicable Global Note to reflect an increase in the aggregate principal amount of the Notes represented by such Global Note,
which instructions will contain information regarding the Depositary account to be credited with such increase. Upon the satisfaction of conditions (A), (B), (C) and (D), the Trustee (1) will promptly cancel such Certificated Note and,
(2) will promptly cause the aggregate principal amount of Notes represented by such Global Note to be increased by the aggregate principal amount of such Certificated Note, and credit, or cause to be credited, the account of the Person
specified in the instructions provided by the exchanging Holder in an amount equal to the aggregate principal amount of such Certificated Note, in each case, in accordance with the Applicable Procedures. If at the time of such exchange, a Depositary
has been appointed but no Global Notes are then outstanding, (1) the Company, (x) in accordance with Section 2.05 hereof, will promptly execute and deliver to the Trustee, a new Global Note registered in the name of the Depositary or
a nominee of the Depositary, as the case may be, having the appropriate aggregate principal amount, and bearing such legends as such Global Note is required to bear under Sections 2.02 and 2.10 hereof, and (y) as provided in
Section 2.05(c) hereof, will promptly deliver to the Trustee such Global Note and a Company Order including the information specified in Section 2.05(c) with respect to such Global Note, and (2) the Trustee, upon receipt of such
Global Note and such Company Order, will promptly, in accordance with Section 2.05 hereof, authenticate, and deliver to the Depositary, its nominee, or a custodian of the Depositary or its nominee, as the case may be, such Global Note. 

(e) Transfer and Exchange of Regulation S Global Notes for Rule 144A Global Notes. 

(i) Prior to the expiration of the Restricted Period, beneficial interests in the Regulation S Global Note may be exchanged for beneficial
interests in the Rule 144A Global Note only if: 
 (A) such exchange occurs in connection with a transfer of the Notes
pursuant to Rule 144A; and 

  
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 (B) the transferor first delivers to the Trustee a written certificate in
compliance with the terms of this Indenture to the effect that the Notes are being transferred to a Person: 
 (I) who the transferor
reasonably believes to be a qualified institutional buyer within the meaning of Rule 144A; 
 (II) purchasing for its own account or the
account of a qualified institutional buyer in a transaction meeting the requirements of Rule 144A; and 
 (III) in accordance with all
applicable securities laws of the states of the United States and other jurisdictions. 
 (ii) Beneficial interests in a Rule 144A Global
Note may be transferred to a Person who takes delivery in the form of an interest in the Regulation S Global Note, whether before or after the expiration of the Restricted Period, only if the transferor first delivers to the Trustee a written
certificate in compliance with the terms of this Indenture to the effect that such transfer is being made in accordance with Rule 903 or Rule 904 of Regulation S or Rule 144 (if available) and that, if such transfer occurs prior to the expiration of
the Restricted Period, the interest transferred will be held immediately thereafter through Euroclear or Clearstream. 

Section 2.10 Transfer Restrictions. 

(a) Notes. Each Note (and every security issued in exchange therefor or substitution thereof, except any shares of Common Stock issued
upon conversion thereof, which may bear the Restricted Stock Legend) will bear the Restricted Notes Legend and will be subject to the restrictions on Transfer set forth in this Indenture (including in the Restricted Notes Legend) unless such
restrictions on Transfer are eliminated or otherwise waived by written consent of the Company, and each Holder of a Note, by such Holder’s acceptance of such Note, will be deemed to be bound by the restrictions on Transfer applicable to such
Note. 
 (b) Restricted Stock. If any shares of Common Stock are issued upon conversion of any Notes, such shares will be subject to
the restrictions on transfer set forth in this Indenture (including the Restricted Stock Legend) and will bear a restricted CUSIP number unless such restrictions on transfer are eliminated or otherwise waived by written consent of the Company, and
each Holder of such shares, by such Holder’s acceptance of such shares, will be deemed to be bound by the restrictions on transfer applicable to such shares. Any share of Common Stock issued upon the conversion of a Note will bear the
Restricted Stock Legend unless: 
 (A) such shares of Common Stock are being issued to a Person (other than (x) the
Company or (y) an affiliate (as defined in Rule 144) of the Company) pursuant to a registration statement that is effective under the Securities Act at the time of such issuance (including, without limitation, any registration statement
effected pursuant to the Registration Rights Agreement); 
 (B) such shares of Common Stock are being issued to a Person
(other than (x) the Company or (y) an affiliate (as defined in Rule 144) of the Company) pursuant to an available exemption from the registration requirements of the Securities Act such that, upon issuance, such shares of Common Stock will
be freely transferable without restriction under the Securities Act; or 

  
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 (C) the Company delivers written notice to the Transfer Agent and the Registrar
stating that the certificate representing such shares of Common Stock need not bear the Restricted Stock Legend to comply with applicable law. 

(c) Regulation S Global Notes.  

(i) Through and including the one year anniversary of the date of this Indenture (such period through and including such one year anniversary,
the “Restricted Period”), beneficial interests in Global Notes that may be offered and sold in offshore transactions in reliance on Regulation S (“Regulation S Global Notes”) may be held only through Euroclear and
Clearstream (as indirect participants in the Depositary), unless transferred to a Person that takes delivery through Global Notes being offered and sold to qualified institutional buyers in reliance on Rule 144A (“Rule 144A Global
Notes”) in accordance with the certification requirements described in this Indenture. Beneficial interests in the Rule 144A Global Notes may not be exchanged for beneficial interests in the Regulation S Global Notes at any time except in
accordance with Section 2.09(e)(ii). 
 (ii) Investors in the Regulation S Global Notes must initially hold their interests therein
through Euroclear or Clearstream, if they are participants in such systems, or indirectly through organizations that are participants. After the expiration of the Restricted Period (but not earlier), investors may also hold interests in the
Regulation S Global Notes through participants in the DTC system other than Euroclear and Clearstream. 
 (iii) The Depositary, Euroclear
and Clearstream are under no obligation to perform or to continue to perform the procedures set forth in this Section 2.10(c), and may discontinue such procedures at any time. None of the Company, the Trustee and any of their respective agents
will have any responsibility for the performance by the Depositary, Euroclear or Clearstream or their respective participants or indirect participants of their respective obligations under the rules and procedures governing their operations. 

Section 2.11 Replacement Notes. 

If (a)(i) a mutilated Note is surrendered to the Registrar or (ii) the Holder of a Note claims that such Note has been lost, destroyed or
stolen and provides the Company and the Trustee with (A) evidence of such loss, theft or destruction that is reasonably satisfactory to the Company and the Trustee and (B) an indemnity bond or other kind of security or indemnity that the
Company and the Trustee deem sufficient in their judgment to protect each of them from any loss that it may suffer upon replacement of such Note, and, in either case, (b) such Holder satisfies any other reasonable requirements of the Trustee,
including the payment of any tax or other similar governmental charge required by law or permitted by this Indenture, then, unless the Company or the Trustee receives notice that such Note has been acquired by a bona fide purchaser, the Company
will, in accordance with Section 2.05 hereof, promptly execute and deliver to the Trustee, and the Trustee, upon receipt of a Company Order, in accordance with Section 2.05 hereof, and the documents required by Sections 13.02 and 13.03
hereof, will promptly authenticate and deliver, in the name of such Holder, a replacement Note having the same aggregate principal amount as the Note that was mutilated or claimed to be lost, destroyed or stolen, bearing any restrictive legends
required by Section 2.02 or 2.10 hereof and with a certificate number not contemporaneously outstanding. 

  
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 Every new Note issued pursuant to this Section 2.11 in exchange for any mutilated Note, or
in lieu of any destroyed, lost or stolen Note, will constitute an original contractual obligation of the Company and any other obligor upon the Notes, regardless of whether the mutilated, destroyed, lost or stolen Note will be at any time
enforceable by anyone, and will be entitled to all benefits of (and will be subject to all the limitations set forth in) this Indenture equally and proportionately with any and all other Notes duly issued hereunder. 

Section 2.12 Temporary Notes. Until Certificated Notes are ready for delivery, the Company may execute and the Trustee or
an authenticating agent appointed by the Trustee will, upon receipt of a Company Order, authenticate and deliver temporary Notes (printed or lithographed) (“Temporary Notes”). Temporary Notes will be issuable in any authorized
denomination, and substantially in the form of Certificated Notes, but with such omissions, insertions and variations as may be appropriate for Temporary Notes, all as may be determined by the Company. Every such Temporary Note will be executed by
the Company and authenticated by the Trustee or such authenticating agent upon the same conditions and in substantially the same manner, and with the same effect, as the Certificated Notes. Without unreasonable delay the Company will prepare,
execute and deliver to the Trustee or such authenticating agent Certificated Notes (other than any Global Note) and thereupon any or all Temporary Notes (other than any Global Note) may be surrendered in exchange therefor, at each office or agency
maintained by the Company pursuant to Section 2.06 hereof and the Trustee or such authenticating agent will authenticate and deliver in exchange for such Temporary Notes Certificated Notes having an aggregate principal amount equal to such
Temporary Notes. Such exchange will be made by the Company at its own expense and without any charge therefor. Until so exchanged, the Temporary Notes will, in all respects, be entitled to the same benefits and subject to the same limitations under
this Indenture as Certificated Notes authenticated and delivered hereunder. 
 Section 2.13 Cancellation. At any time, the
Company may deliver Notes to the Trustee for cancellation. Whenever any Note is surrendered to the Registrar, Conversion Agent or Paying Agent for registration of transfer, exchange, conversion, repurchase, redemption or payment, the Registrar,
Conversion Agent or Paying Agent, as the case may be, will promptly forward such Note to the Trustee. Upon receipt of any such Note, the Trustee, in its customary manner, will promptly cancel and dispose of such Note. The Company may not issue new
Notes to replace Notes that the Company has repurchased, redeemed, paid or delivered to the Trustee for cancellation or that a Holder has converted pursuant to Article 11 hereof. 

Section 2.14 Outstanding Notes. At any time, Notes outstanding are limited to all Notes authenticated by the Trustee except
(i) those cancelled by it, (ii) those delivered to it for cancellation and (iii) those deemed not outstanding under Sections 3.05, 11.02 and 12.07 hereof and clauses (a) and (b) of this Section 2.14. 

(a) If a Note is replaced pursuant to Section 2.11 hereof, such Note will cease to be outstanding at the time of its replacement unless
the Trustee and the Company receive proof satisfactory to them that such Note is held by a bona fide purchaser. 

  
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 (b) In addition, if the Company, any other obligor or an Affiliate of the Company or an Affiliate
of such other obligor holds a Note, such Note will be disregarded and deemed not to be outstanding for purposes of determining whether the Holders of the requisite aggregate principal amount of Notes have given or concurred in any request, demand,
authorization, direction, notice, consent, waiver or other action hereunder, except that, solely in determining whether the Trustee shall have any liability in making a determination as to which Notes are outstanding, only Notes which a Responsible
Officer actually knows to be so owned shall be disregarded. Subject to the foregoing, only Notes outstanding at the time of any such determination will be considered in such determination (including determinations pursuant to Article 6 and Article 9
hereof). 
 Section 2.15 Persons Deemed Owners. Prior to due presentment of a Note for registration of transfer, the
Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name such Note is registered in the Register as the owner of such Note for the purpose of receiving the payment of any principal or Terminal Value of,
Change of Control Repurchase Price or Redemption Price for, and accrued but unpaid interest on, such Note, for the purpose of conversion of such Note and for all other purposes whatsoever with respect to such Note, and none of the Company, the
Trustee or any agent of the Company or the Trustee will be affected by any notice to the contrary. 
 Section 2.16 Repurchases.
The Company may, from time to time, repurchase Notes in open market purchases or in negotiated transactions without delivering prior notice to Holders. Such repurchased Notes will no longer be outstanding under this Indenture. 

Section 2.17 CUSIP and ISIN Numbers. 

(a) Whenever “CUSIP” and “ISIN” numbers are generally in use, the Company will use CUSIP and ISIN numbers with respect to
the Notes, which CUSIP and ISIN numbers will be restricted numbers. Whenever the Company uses CUSIP and ISIN numbers, the Trustee will also use CUSIP and ISIN numbers in each notice it delivers to the Holders; provided, that neither the
Company nor the Trustee will be responsible for any defect in any CUSIP or ISIN number that appears on any Note, check, advice of payment or notice, including any notice delivered pursuant to Section 12.04. The Company will promptly notify the
Trustee in writing in the event of any change in the CUSIP or ISIN numbers. 
 (b) In addition, if, when any shares of Common Stock are
issued upon conversion of a Note, CUSIP and ISIN numbers are generally in use, the Company will use CUSIP and ISIN numbers with respect to such shares of Common Stock, which CUSIP and ISIN numbers (i) for shares of Common Stock to which the
restrictions on Transfer set forth in the Restricted Stock Legend apply, will be restricted numbers, and (ii) for shares of Common Stock to which the restrictions on Transfer set forth in the Restricted Stock Legend do not apply, will be
unrestricted numbers. 
 (c) Whenever any of the CUSIP or ISIN numbers with respect to the Notes or the shares of Common Stock issuable upon
conversion of the Notes change, cease to be used, or begin to be used, the Company will deliver prompt written notice of such change, cessation, or beginning to each of the Trustee and the Holders. 

  
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 ARTICLE 3 

REPURCHASE AT THE OPTION OF THE HOLDER 

Section 3.01 Change of Control Permits Holders to Require the Company to Repurchase the Notes. 

(a) General. If a Change of Control occurs at any time prior to the Maturity Date, each Holder will have the right to require the
Company to repurchase all or any portion of its Notes on the Change of Control Repurchase Date for an amount of cash equal to the Change of Control Repurchase Price for such Notes. 

(b) Change of Control Repurchase Price. The “Change of Control Repurchase Price” means, for any
Notes to be repurchased on any Change of Control Repurchase Date, a price equal to the greater of:  
 (i) the applicable
percentage of the principal amount of the Notes to be repurchased set forth in the table below (the “Applicable Premium”), plus accrued and unpaid interest to, but not including, the date of repurchase.  

 

					
	 Change of Control Date
	  	Applicable Premium	 
	 On or before December 31, 2014
	  	 	111	% 
	 January 1, 2015 to June 30, 2015
	  	 	116	% 
	 July 1, 2015 to December 31, 2015
	  	 	128	% 
	 January 1, 2016 to June 30, 2016
	  	 	137	% 
	 July 1, 2016 to December 31, 2016
	  	 	147	% 
	 January 1, 2017 to June 30, 2017
	  	 	159	% 
	 July 1, 2017 to December 31, 2017
	  	 	172	% 
	 January 1, 2018 to June 30, 2018
	  	 	189	% 
	 July 1, 2018 to December 31, 2018
	  	 	208	% 
	 On or after January 1, 2019
	  	 	222	% 

 and 

(ii) the product of (A) the aggregate principal amount of the Notes to be repurchased and (B) a fraction, the numerator of
which the Company’s Equity Value on the Change of Control Date and the denominator of which is the Upside Trigger on the Change of Control Date; plus accrued and unpaid interest to, but not including, the date of repurchase. 

(c) Change of Control Repurchase Date. The “Change of Control Repurchase Date” means, for any
Change of Control, the date specified by the Company in the Change of Control Notice for such Change of Control, which date will be not less than 30 calendar days, nor more than 60 calendar days, immediately following the Change of Control Notice
Date for such Change of Control. 

  
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 Section 3.02 Change of Control Notice. 

(a) General. On or before the 3rd Business Day immediately following the Change of Control Date, the Company will deliver to each
Holder (and to any beneficial owners of a Global Note, as required by applicable law), the Trustee and the Paying Agent written notice of such Change of Control and the resulting repurchase right (the “Change of Control Notice,” and
the date of such delivery, the “Change of Control Notice Date”). Simultaneously with delivery of any Change of Control Notice to the Holders, the Trustee and the Paying Agent, the Company will publish a notice containing the same
information as the Change of Control Notice in a newspaper of general circulation in The City of New York or through such other public medium as the Company may use at such time. 

For any Change of Control, the Change of Control Notice corresponding to such Change of Control will specify: 

(A) the events causing such Change of Control; 

(B) the Change of Control Date; 

(C) the last date on which a Holder may exercise its right to require the Company to repurchase its Notes as a result of such
Change of Control under this Article 3; 
 (D) the Change of Control Repurchase Price; 

(E) the Change of Control Repurchase Date; 

(F) that the Change of Control Repurchase Price for any Note for which a Change of Control Repurchase Notice has been duly
tendered and not validly withdrawn will be paid promptly following the later of the Change of Control Repurchase Date and the time such Note is surrendered for repurchase; 

(G) the name and address of the Paying Agent, if applicable; 

(H) the procedures that a Holder must follow to require the Company to repurchase a Note, including the methods of payment
available for election; 
 (I) the procedures for withdrawing a Change of Control Repurchase Notice; 

(J) that if a Note or portion of a Note is subject to a validly delivered Change of Control Repurchase Notice, unless the
Company defaults in paying the Change of Control Repurchase Price for such Note or portion of a Note, interest, if any, on such Note or portion of a Note will cease to accrue on and after the Change of Control Repurchase Date; and 

  
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 (K) the CUSIP and ISIN number(s) of the Notes. 

Notwithstanding anything to the contrary contained herein, a Change in Control Notice may be delivered in advance of a Change of
Control and conditioned upon the consummation of such Change of Control, provided, that a definitive agreement is in place for the Change of Control at the time the Change of Control Notice is delivered.  

(b) Failure or Defect. Notwithstanding anything provided elsewhere in this Indenture, neither the failure of the Company to
deliver a Change of Control Notice nor a defect in a Change of Control Notice delivered by the Company will limit the repurchase rights of any Holder under this Article 3 or impair or otherwise affect the validity of any proceedings relating to the
repurchase of any Note pursuant to this Article 3. 
 Section 3.03 Change of Control Repurchase Notice. 

(a) General. To exercise its repurchase rights under Section 3.01(a) hereof with respect to any Notes pursuant to a Change of
Control, the Holder thereof must deliver to the Paying Agent, by the Close of Business on the Business Day immediately preceding the Change of Control Repurchase Date, subject to extension to comply with applicable law: 

(i) a repurchase notice containing the information set forth in Section 3.03(b) hereto (a “Change of Control Repurchase
Notice”) and setting forth that such Holder is tendering such Notes for repurchase or, in the case of a Global Note, in accordance with the Applicable Procedures; and 

(ii) such Notes (A) by book-entry transfer if such Notes are Global Notes, or (B) by physical delivery, if such Notes are
Certificated Notes, in each case, together with any endorsements or other documents reasonably requested by the Paying Agent, the Trustee or the Company. 

(b) Contents of Change of Control Repurchase Notice. The Change of Control Repurchase Notice for any Note must state: 

(i) the portion of the principal amount of such Note to be repurchased; 

(ii) that such Note will be repurchased by the Company pursuant to the applicable provisions of the Notes and the provisions of this Article 3
hereof; 
 (iii) if such Note is a Certificated Note, the certificate number of such Note; and 

(iv) the method of payment by which such Holder elects to be paid and, if applicable, wire transfer instructions on which the Trustee and
Paying Agent may conclusively rely to make the payment of the Change of Control Repurchase Price. 
 If the Notes to be repurchased are
Global Notes, the Change of Control Repurchase Notice for such Notes must comply with the Applicable Procedures. 

  
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 (c) Notice to the Company. If any Holder validly delivers to the Paying Agent a
Change of Control Repurchase Notice with respect to a Note or any portion of a Note, the Paying Agent will promptly deliver to the Company a copy of such Change of Control Repurchase Notice. 

(d) Effect of Improper Notice. Unless and until the Paying Agent receives a validly endorsed and delivered Change of Control
Repurchase Notice with respect to a Note, together with such Note, in a form that conforms in all material aspects with the description contained in such Change of Control Repurchase Notice, the Holder submitting the Notes will not be entitled to
receive the Change of Control Repurchase Price for such Note. 
 Section 3.04 Withdrawal of Change of Control
Repurchase Notice. 
 (a) General. After a Holder delivers a Change of Control Repurchase Notice with respect to a Note, such
Holder may withdraw such Change of Control Repurchase Notice with respect to such Note or any portion of such Note by delivering to the Paying Agent a written notice of withdrawal prior to the Close of Business on the Business Day immediately
preceding the Change of Control Repurchase Date. Any such withdrawal notice must state: 
 (A) the principal amount of the
Notes with respect to which such notice of withdrawal pertains; 
 (B) the principal amount, if any, of the Notes that
remains subject to the original Change of Control Repurchase Notice; and 
 (C) if the Notes subject to such Change of
Control Repurchase Notice were Certificated Notes, the certificate numbers of the Notes to be withdrawn and the Notes that will remain subject to the Change of Control Repurchase Notice. 

If the Notes to be withdrawn are Global Notes, a Holder must deliver its notice of withdrawal in compliance with the Applicable Procedures.

 (b) Return of Note. Upon receipt of a validly delivered withdrawal notice, the Paying Agent will promptly (i) if such
notice pertains to a Certificated Note or a portion of a Certificated Note, return such Note or portion of a Note to such Holder, in the amount specified in such withdrawal notice; and (ii) if such notice pertains to a beneficial interest in a
Global Note, in compliance with the Applicable Procedures, deem to be cancelled any instructions for book-entry transfer of such beneficial interest, in the amount specified in such withdrawal notice. 

(c) Notice to the Company. If any Holder validly delivers to the Paying Agent a notice of withdrawal with respect to a Note or
any portion of a Note, the Paying Agent will promptly deliver to the Company a copy of such notice of withdrawal.  

Section 3.05 Effect of Change of Control Repurchase Notice. 

(a) General. If a Holder validly delivers to the Paying Agent a Change of Control Repurchase Notice (together with all necessary
endorsements) with respect to a Note, such Holder may no longer convert such Note unless and until such Holder validly withdraws such Change of Control Repurchase Notice in accordance with Section 3.04 hereof. 

  
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 (b) Timing of Payment. Upon the Paying Agent’s receipt of (i) a valid Change of
Control Repurchase Notice (together with all necessary endorsements) and (ii) the Notes to which such Change of Control Repurchase Notice pertains, the Holder of the Notes to which such Change of Control Repurchase Notice pertains will be
entitled, except to the extent such Holder has validly withdrawn such Change of Control Repurchase Notice in accordance with Section 3.04 hereof, to receive, and the Paying Agent will promptly mail or wire transfer to each such Holder, the
Change of Control Repurchase Price with respect to such Notes on the later of the following dates (subject to extension to comply with applicable law): (i) the Change of Control Repurchase Date and (ii) (A) if such Notes are
Certificated Notes, the date of delivery of the certificate representing such Notes to the Paying Agent, duly endorsed, or (B) if such Notes are Global Notes, the date of book-entry transfer or delivery of such Notes to the Paying Agent, or, if
such later date is not a Business Day, the Business Day immediately following such later date. 
 (c) Effect of Deposit. If, as of
10:00 a.m., New York City time, on the Change of Control Repurchase Date for any Change of Control, the Company, in accordance with Section 3.08 hereof, has deposited with the Paying Agent money sufficient to pay the Change of Control
Repurchase Price for every Note subject to a Change of Control Repurchase Notice validly delivered in accordance with Section 3.03 hereof and not validly withdrawn in accordance with Section 3.04 hereof, at the Close of Business on the
Change of Control Repurchase Date: 
 (A) the Notes to be repurchased will cease to be outstanding and interest (except
Default Interest) will cease to accrue on such Notes (whether or not book-entry transfer of such Notes is made or whether or not such Notes are delivered to the Paying Agent); and 

(B) all other rights of the Holders of such Notes with respect to such Notes will terminate (other than the right to receive
payment of the Change of Control Repurchase Price upon delivery or transfer of such Notes and any Defaulted Amounts or Default Interest with respect to the Notes). 

Section 3.06 Notes Repurchased in Part. If any Certificated Note is to be repurchased only in part, the Holder must
surrender such Note at the office of the Paying Agent (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the Trustee duly executed by, the Holder of such
Note or such Holder’s attorney-in-fact, duly authorized in writing), whereupon the Company, in accordance with Section 2.05 hereof, will promptly execute, and, upon receipt of a Company Order and the documents required by Sections 13.02
and 13.03 hereof, the Trustee, in accordance with Section 2.05 hereof, will promptly authenticate and deliver, to the surrendering Holder, a new Note or Notes of any authorized denomination or denominations requested by such Holder in aggregate
principal amount equal to the portion of the principal amount of the Note so surrendered which is not repurchased. If any Global Note is repurchased in part, the Company will instruct the Trustee to decrease the principal amount of such Global Note
by the principal amount repurchased. 

  
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 Section 3.07 Covenant to Comply With Securities Laws Upon Repurchase of Notes. In
connection with any repurchase offer pursuant to a Change of Control Repurchase Notice under this Article 3, the Company will, to the extent applicable, (i) comply with any tender offer rules under the Exchange Act (including Rule 14e-1
thereunder) that may be applicable at the time of the offer to repurchase the Notes and (ii) otherwise comply with any applicable United States federal and state securities laws so as to permit Holders to exercise their rights and obligations
under Section 3.01 hereof in the time and in the manner specified in Sections 3.01 and 3.03 hereof. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this Article 3, the Company will comply
with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the provisions of this Article 3 by virtue of such compliance. 

Section 3.08 Deposit of Change of Control Repurchase Price. Prior to 10:00 a.m., New York City time, on the Change of Control
Repurchase Date, the Company will (i) deposit with the Trustee or with the Paying Agent (or, if the Company or any of the Subsidiaries is acting as the Paying Agent, will segregate and hold in trust as provided in Section 2.07 hereof) an
amount of immediately available funds sufficient to pay the Change of Control Repurchase Price of all the Notes or portions thereof that the Company is required to repurchase on such Change of Control Repurchase Date and (ii) deliver to the
Trustee an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being repurchased by the Company. 

Section 3.09 Covenant Not to Repurchase Notes Upon Certain Events of Default. 

(a) General. Notwithstanding anything to the contrary in this Article 3, the Company will not repurchase and will not be obligated to
repurchase any Notes under this Article 3 if, as of the Change of Control Repurchase Date, the principal amount of the Notes has been accelerated, such acceleration has not been rescinded and such acceleration did not result from a Default that
would be cured by the Company’s payment of the Change of Control Repurchase Price. 
 (b) Deemed Withdrawals. If, on any Change
of Control Repurchase Date, (i) a Change of Control Repurchase Notice for a Note has been validly tendered in accordance with Section 3.03 hereof and has not been validly withdrawn in accordance with Section 3.04 hereof, and
(ii) pursuant to this Section 3.09, the Company is not permitted to repurchase Notes, the Paying Agent, upon receipt of written notice from the Company stating that the Company, pursuant to this Section 3.09, is not permitted to
repurchase Notes, will deem such Change of Control Repurchase Notice to be withdrawn. 
 (c) Return of Notes. If a Holder tenders a
Note for purchase pursuant to this Article 3 and, on the Change of Control Repurchase Date, pursuant to this Section 3.09, the Company is not permitted to repurchase such Note, the Paying Agent will (i) if such Note is a Certificated Note,
return such Note to such Holder, and (ii) if such Note is held in book-entry form, in compliance with the Applicable Procedures, deem to be cancelled any instructions for book-entry transfer of such Note. 

  
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 ARTICLE 4 

COVENANTS 

Section 4.01 Payment of Notes. The Company will pay or cause to be paid the principal or Terminal Value of, any Change of Control
Repurchase Price or Redemption Price for, any accrued and unpaid interest on, the Notes on the dates and in the manner required under this Indenture. Any principal or Terminal Value of, Change of Control Repurchase Price or Redemption Price for, or
accrued but unpaid interest in respect of a conversion of, a Note will be considered paid on the date due if the Paying Agent, if other than the Company or any of the Subsidiaries, holds, as of 10:00 a.m. New York City time on the due date, money
deposited by the Company in immediately available funds and designated for, and sufficient to pay, such principal, Terminal Value, Change of Control Repurchase Price, Redemption Price, interest or cash then due. To the extent lawful, the Company
will also pay Default Interest on any Defaulted Amounts in accordance with Section 2.04 hereof. 
 Section 4.02 144A
Information. Whenever the Company is not subject to Section 13 or Section 15(d) of the Exchange Act, the Company will, upon the request of a Holder or beneficial owner of the Notes, promptly furnish or cause to be furnished to the
applicable Holder, beneficial owner, or any prospective purchaser designated by the applicable Holder or beneficial owner, of the Notes, all of the information that a prospective purchaser of the Notes is required to receive under Rule 144A(d)(4) of
the Securities Act for the Notes to be resold to such prospective purchaser pursuant the exemption from registration provided by Rule 144A. 

Section 4.03 Reports. 

(a) So long as any Notes are outstanding, the Company will furnish to the Holders and the Trustee within 60 days following the end of each of
the Company’s first three fiscal quarters and within 120 days following the end of each fiscal year, customary quarterly and annual financial statements (including all appropriate notes relating thereto), together with a Management’s
Discussion and Analysis of Financial Condition and Results of Operations (the “Reports”). 
 All such financial statements
will be prepared in all material respects in accordance with GAAP and will include a reasonably detailed presentation, either on the face of the financial statements or in the footnotes thereto, and in Management’s Discussion and Analysis of
Financial Condition and Results of Operations, of the financial condition and results of operations of the Company and the Subsidiaries. In addition, the annual financial statements will include an audit report thereon by the Company’s
certified independent accountants. 
 The Company will furnish the Reports by posting such Reports on a website no later than the date the
Company is required to furnish those Reports to the Trustee and the Holders and maintain such posting until the earlier of the closing of a Qualified PO or the last date on which any Notes remain outstanding. Access to such information and Reports
on such website may be subject to a confidentiality acknowledgment and may be password-protected; provided, however, that the Trustee shall have no obligation whatsoever to determine whether or not such information, documents or reports have been so
filed or posted. 

  
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 The Company also will arrange and participate in quarterly conference calls to discuss its
results of operations with the Holders, no later than 15 days following the date on which the Reports are made available as provided above. Dial-in conference call information will be included in or provided together with such Reports and may be
password-protected. 
 (b) Notwithstanding the foregoing, (i) the Company may satisfy its obligation to furnish the Reports
pursuant to this Section 4.03 by filing the same for public availability with the SEC; provided, however, that the Trustee shall have no obligation whatsoever to determine whether or not such Reports have been so filed,
(ii) no certifications or attestations concerning the financial statements or disclosure controls and procedures or internal controls that would otherwise be required pursuant to the Sarbanes-Oxley Act of 2002 will be required,
(iii) nothing contained in this Indenture shall otherwise require the Company to comply with the terms of the Sarbanes-Oxley Act of 2002 at any time when it would not otherwise be subject to such statute and (iv) the foregoing requirements
will not apply so long as the issuer of the Common Stock is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act.  

(c) Any and all Defaults or Events of Default arising from a failure to furnish or file in a timely manner a Report required by this
covenant shall be deemed cured (and the Company shall be deemed to be in compliance with this Section 4.03) upon furnishing or filing such Report as contemplated by this Section 4.03 (but without regard to the date on which
such Report is so furnished or filed); provided that such cure shall not otherwise affect the rights of the Holders under Section 6.01 hereto if any principal or Terminal Value of, Change of Control Repurchase Price for, and accrued but
unpaid interest on the Notes have been accelerated in accordance with Section 6.02 hereto and such acceleration has not been rescinded or cancelled prior to such cure.  

(d) The Company and the Trustee agree that furnishing of the Reports to the Trustee is for informational purposes only and the Trustee’s
receipt of such Reports shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with this Article 4 (as to which the Trustee is
entitled to rely exclusively on Officers’ Certificates). The Trustee shall have no obligation whatsoever to determine whether or not the Reports have been filed or posted pursuant to this Section 4.03. 

Section 4.04 Compliance Certificate. 

(a) Annual Compliance Certificate. Within 120 days after the end of each fiscal year of the Company, beginning with the fiscal year
ending on December 31, 2014, the Company will deliver to the Trustee an Officers’ Certificate, which Officers’ Certificate will state (i) that the Officers signing such Officers’ Certificate have supervised a review of the
activities of the Company and the Subsidiaries with a view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture during the preceding fiscal year, and (ii) to the knowledge of each
of the Officers signing such Officers’ Certificate, (A) whether the Company has kept, observed, performed and fulfilled each and every covenant contained in this Indenture and are not in default in the performance or observance of any of
the terms, provisions and conditions of this Indenture (without regard to any period of grace or 

  
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requirement of notice provided under this Indenture) or, if one or more Defaults or Events of Default have occurred, a description, in reasonable detail, of what events triggered such Defaults or
Events of Default and what actions the Company is taking or proposes to take with respect to such Defaults or Events of Default, and (B) whether any event has occurred and remains in existence by reason of which any payment of principal or
Terminal Value of, Change of Control Repurchase Price or Redemption Price for, and accrued but unpaid interest on a Note is prohibited, and, if any such event has occurred and remains in existence, a description, in reasonable detail, of such event
or events and what actions the Company is taking or proposes to take with respect to such event or events. 
 (b) Certificate of
Default. Within 30 days after an Officer of the Company becomes aware that a Default has occurred, the Company will deliver to the Trustee an Officers’ Certificate describing such Default, its status and a description, in reasonable detail,
of what action the Company is taking or propose to take with respect to such Default. 
 Section 4.05 Limitation on
Indebtedness. 
 (a) The Company will not, and will not permit any of the Subsidiaries to, directly or indirectly, create, incur, issue,
assume, Guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to (collectively, “incur”) any Indebtedness (including Acquired Debt), except for the following items of Indebtedness
(collectively, “Permitted Indebtedness”): 
 (i) Indebtedness under Credit Facilities, including the Term Loan; provided
that the aggregate principal amount of all Indebtedness outstanding at any time under this clause (i) under all Credit Facilities after giving effect to such incurrence does not exceed $1,075,000,000; 

(ii) Existing Indebtedness; 

(iii) Indebtedness represented by the Notes issued on the Issue Date and any Guarantees thereof; 

(iv) the incurrence by the Company or any of the Subsidiaries of Indebtedness represented by Capital Lease Obligations, mortgage financings,
industrial revenue bonds, purchase money obligations or other Indebtedness, or synthetic lease obligations, in each case, incurred for the purpose of financing all or any part of the purchase price or cost of design, development, construction,
installation or improvement of property (real or personal and including Capital Stock), plant or equipment used in the business of the Company or any of the Subsidiaries (in each case, whether through the direct purchase of such assets or the Equity
Interests of any Person owning such assets), in an aggregate principal amount, taken together with Permitted Refinancing Indebtedness in respect thereof, not to exceed $25,000,000 at any time outstanding; 

(v) the incurrence by the Company or any of the Subsidiaries of Permitted Refinancing Indebtedness in exchange for, or the net cash proceeds
of which are used to refund, refinance or replace, Indebtedness (other than intercompany Indebtedness) that was permitted by the Indenture to be incurred under clause (ii), (iii) or (iv) or this clause (v) of this paragraph; 

  
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 (vi) the incurrence by the Company or any of the Subsidiaries of intercompany Indebtedness
between or among the Company and any of the Subsidiaries; provided, however, that: 
 (A) (I) if the Company is the obligor on such
Indebtedness and a Guarantor is not the obligee, such Indebtedness must be expressly subordinated to the prior payment in full in cash of all obligations with respect to the Notes, and (II) if any Guarantor is the obligor of such Indebtedness and
neither the Company nor another Guarantor is the obligee, such Indebtedness must be expressly subordinated to the prior payment in full in cash of all obligations of such Guarantor with respect to its Guarantee of the Notes; and 

(B) (I) any subsequent issuance or transfer of Equity Interests that results in any such Indebtedness being held by a Person other than the
Company or any Subsidiary and (II) any sale or other transfer of any such Indebtedness to a Person that is not either the Company or a Subsidiary, shall be deemed, in each case, to constitute an incurrence of such Indebtedness by the Company or such
Subsidiary, as the case may be, that was not permitted by this clause; 
 (vii) in-kind obligations relating to net oil and natural gas
balancing positions arising in the ordinary course of business; 
 (viii) the accrual of interest, accretion or amortization of original
issue discount, the payment of interest on any Indebtedness in the form of additional Indebtedness with the same terms, and the payment of dividends on Disqualified Stock, in the form of additional shares of the same class of Disqualified Stock;

 (ix) any obligations in respect of plugging and abandonment bonds, reimbursement bonds, completion bonds, performance bonds, bid bonds,
appeal bonds, surety bonds, bankers acceptances, letters of credit, insurance obligations or bonds and other similar bonds and obligations incurred by the Company or any Subsidiary in the ordinary course of business and any Guarantees or letters of
credit functioning as or supporting any of the foregoing bonds or obligations; 
 (x) any obligation (including deferred premiums) under
Interest Rate Agreements, Currency Agreements and Commodity Agreements; provided, that such Interest Rate Agreements, Currency Agreements and Commodity Agreements are related to business transactions of the Company or the Subsidiaries and are
entered into for bona fide hedging purposes of the Company or the Subsidiaries (as determined in good faith by the Board of Directors or senior management of the Company); 

(xi) any obligation arising from agreements of the Company or a Subsidiary providing for indemnification, Guarantee, adjustment of purchase
price, holdback, contingency payment obligation based on the performance of the acquired or disposed asset or similar obligations, in each case, incurred or assumed in connection with the acquisition or disposition of any business, asset or Capital
Stock of a Subsidiary; 
 (xii) any obligation arising from the honoring by a bank or other financial institution of a check, draft or
similar instrument drawn against insufficient funds in the ordinary course of business, provided, however, that such Indebtedness is extinguished within five Business Days of incurrence; 

  
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 (xiii) Indebtedness in the form of a Guarantee by the Company or any Subsidiary of any obligation
(whether payment, performance or otherwise) of the Company or any other Subsidiary so long as such obligation is otherwise permitted under the Indenture; 

(xiv) endorsements of negotiable instruments for collection in the ordinary course of business; 

(xv) Indebtedness owing in connection with the financing of insurance premiums in the ordinary course of business; and 

(xvi) additional Indebtedness in an aggregate principal amount at any time outstanding not to exceed $25,000,000. 

(b) For purposes of determining compliance with this Section 4.05: 

(i) in the event that an item of proposed Indebtedness meets the criteria of more than one of the categories of Permitted Indebtedness
described in clauses (i) through (xvi) above, the Company will be permitted to classify such item of Indebtedness (or any portion thereof) on the date of its incurrence, subject to clause (ii) below, and may later reclassify such
items of Indebtedness (or any portion thereof), in any manner that complies with this covenant, and only be required to include the amount and type of such Indebtedness in one of such clauses or may include the amount and type of such Indebtedness
partially in one such clause and partially in one or more other such clauses; 
 (ii) all Indebtedness outstanding on the date of this
Indenture under the Term Loan shall be deemed initially incurred on the Issue Date under clause (i) of the definition of Permitted Indebtedness and not clause (ii) of the definition of Permitted Indebtedness; 

(iii) Guarantees of, or obligations in respect of letters of credit relating to, Indebtedness which is otherwise included in the determination
of a particular amount of Indebtedness shall not be included; 
 (iv) if obligations in respect of letters of credit are incurred pursuant
to a Credit Facility and are being treated as incurred pursuant to clause (1) of the definition of Permitted Indebtedness and the letters of credit relate to other Indebtedness, then such other Indebtedness shall not be included; 

(v) the amount of Indebtedness issued at a price that is less than the principal amount thereof will be equal to the amount of the liability
in respect thereof determined in accordance with GAAP; 
 (vi) Indebtedness of any Person existing at the time such Person becomes a
Subsidiary shall be deemed to have been incurred by the Company and the Subsidiary at the time such Person becomes a Subsidiary; and 

  
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 (vii) the accrual of interest or dividends, the accretion or amortization of original issue
discount, the payment of interest on any Indebtedness in the form of additional Indebtedness with the same terms, the reclassification of preferred equity as Indebtedness due to a change in accounting principles, the payment of dividends on
Disqualified Stock or preferred equity in the form of additional shares of the same class of Disqualified Stock or preferred equity will not be deemed to be an incurrence of Indebtedness or an issuance of Disqualified Stock or preferred equity for
purposes of this Section 4.05. 
 (c) For purposes of determining compliance with any U.S. dollar-denominated restriction on the
incurrence of Indebtedness, the U.S. dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date such Indebtedness was incurred, in the
case of term Indebtedness, or first committed, in the case of revolving credit Indebtedness; provided that if such Indebtedness is incurred to refinance other Indebtedness denominated in a foreign currency, and such refinancing would cause
the applicable U.S. dollar-dominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-dominated restriction shall be deemed not to have been exceeded so long
as the principal amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness being refinanced. Notwithstanding any other provision of this covenant, the maximum amount of Indebtedness that the Company may incur
pursuant to this covenant shall not be deemed to be exceeded solely as a result of fluctuations in the exchange rate of currencies. The principal amount of any Permitted Refinancing Indebtedness, if incurred in a different currency from the
Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such Permitted Refinancing Indebtedness is denominated that is in effect on the date of such refinancing. 

Section 4.06 Taxes. The Company will pay, and will cause each of the Subsidiaries to pay, prior to delinquency, all material
taxes, assessments and governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders. 

Section 4.07 Corporate Existence. Subject to Article 5 hereof, the Company will do or cause to be done all things necessary to
preserve and keep in full force and effect its corporate existence in accordance with its organizational documents (as the same may be amended from time to time). 

Section 4.08 Stay, Extension and Usury Laws. The Company covenants that, to the extent that it may lawfully do so, it will
not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of
this Indenture; and the Company, to the extent that it may lawfully do so, hereby expressly waives all benefit or advantage of any such law, and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any
power herein granted to the Trustee, but will instead suffer and permit the execution of every such power as though no such law has been enacted. 

  
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 Section 4.09 Further Instruments and Acts. Upon request of the Trustee, the Company
will execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the terms of this Indenture. 

Section 4.10 Determination of Equity Value. Whenever the calculation of the Equity Value of the Company is required as of a
specified date, the Company will cause a determination of such Equity Value to be made by three investment banking firms or valuation firms of national reputation (which may include the initial purchasers in the offering of the Notes or the banks
acting as underwriters, initial purchasers, agents or advisors in the transaction triggering the determination) engaged by the Company at its expense. In the event that such firms do not or cannot agree on such Equity Value for the Company, the
Equity Value for the Company shall be equal to the average of the three Equity Values for the Company determined by such firms. Any such determination will be final and binding on the Holders. 

Section 4.11 Issuance of Conversion Shares . In connection with the consummation of a Qualified PO, the Company shall amend its
certificate of incorporation to authorize the maximum number of Conversion Shares issuable upon conversion of the Notes, such Conversion Shares shall be duly and validly authorized and reserved for issuance upon conversion of the Notes, and the
Company shall take such other action as will be necessary to comply with the Company’s obligations set forth in Article XI. 

ARTICLE 5 

CONSOLIDATION, MERGER AND SALE OF ASSETS 

Section 5.01 Company May Consolidate, Merge or Sell Its Assets Only on Certain Terms. The Company will not, directly or
indirectly, (1) consolidate with or merge with or into, or (2) sell, convey, transfer or lease all or substantially all of its properties and assets to, any other Person (any such transaction, a “Reorganization Event”),
unless: 
 (a) either: 
 (i)
the Company is the surviving Person; or 
 (ii) the resulting, surviving or transferee Person (if other than the Company) of such
Reorganization Event (the “Reorganization Successor Corporation”): 
 (A) is a business entity organized and
validly existing under the laws of the United States of America, any State thereof or the District of Columbia; and 
 (B) expressly
assumes, by executing and delivering a supplemental indenture to the Trustee that is reasonably satisfactory in form to the Trustee in accordance with Section 9.03 hereof, all of the obligations of the Company under the Notes and this
Indenture; 
 (b) immediately after giving effect to such Reorganization Event, no Default will have occurred and be continuing; and 

  
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 (c) prior to the effective date of such Reorganization Event, the Company delivers to the Trustee
an Officers’ Certificate and an Opinion of Counsel, each stating that: 
 (i) such Reorganization Event and such supplemental indenture
comply with Section 5.01(a) hereof; and 
 (ii) all conditions precedent to such Reorganization Event provided in this Indenture have
been satisfied. 
 Section 5.02 Successor Substituted. If any Reorganization Event occurs that complies with Sections 5.01(a)(ii) and
5.01(b) hereof, and the Company has complied with Section 5.01(c) hereof: 
 (a) from and after the date of such Reorganization Event,
the Reorganization Successor Corporation for such Reorganization Event will succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such Reorganization Successor
Corporation had been named as the Company herein; and 
 (b) except in the case of a Reorganization Event that is a conveyance, transfer or
lease of all or substantially all of the Company’s assets, the Person named as the “Company” in the first paragraph of this Indenture or any successor (other than such Reorganization Successor Corporation) that will thereafter have
become such in the manner prescribed in this Article 5 will be released from its obligations under this Indenture and may be dissolved, wound up and liquidated at any time. 

ARTICLE 6 
 DEFAULTS AND
REMEDIES 
 Section 6.01 Events of Default. 

(a) General. Each of the following events will be an “Event of Default”: 

(i) the Company fails to pay any principal or Terminal Value of, or Change of Control Repurchase Price or Redemption Price for, the Notes when
due at maturity, upon repurchase upon a Change of Control, redemption, declaration of acceleration or otherwise, whether or not prohibited by Article 10 hereof; 

(ii) the Company fails to pay any interest when due and such failure continues for a period of 30 days after the applicable due date, whether
or not prohibited by Article 10 hereof; 
 (iii) the Company fails to give any Change of Control Notice when due; 

(iv) the Company fails to comply with its obligation to convert a Note in accordance with Article 11 hereof upon a Holder’s exercise of
its conversion rights with respect to such Note; 
 (v) the Company fails to comply with its obligations under Article 5 hereof; 

  
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 (vi) the Company fails to perform or observe any of its covenants or warranties in this Indenture
or in the Notes (other than a covenant or agreement specifically addressed in clauses (i) through (v) above) and such failure continues for a period of 30 days after (A) the Company receives written notice of such failure from the
Trustee or (B) the Company and the Trustee receive notice of such failure from Holders of at least 25% of the aggregate principal amount of then outstanding Notes; 

(vii) the default by the Company or any of the Subsidiaries with respect to any mortgage, agreement or other instrument under which there may
be outstanding, or by which there may be secured or evidenced, any indebtedness for money borrowed by the Company and/or any of the Subsidiaries in excess of $35,000,000 in the aggregate, whether such indebtedness exists as of the Issue Date or is
later created, if that default: 
 (A) results in such indebtedness becoming or being declared due and payable (prior to its
express maturity); or 
 (B) constitutes a failure to pay the principal of, or interest on, such indebtedness when due and
payable at its stated maturity, upon required repurchase, upon declaration or otherwise, subject in the case of interest to any applicable grace periods; 

(viii) a final judgment for the payment of $35,000,000 or more (excluding any amounts covered by insurance) is rendered against the Company or
any of the Subsidiaries, and such judgment is not discharged or stayed within 60 days after (i) the date on which all rights to appeal such judgment have expired if no appeal has commenced, or (ii) the date on which all rights to appeal
have been extinguished; 
 (ix) the Company or any Significant Subsidiary or group of Subsidiaries of the Company that together would
constitute a “significant subsidiary” (as defined in Rule 1-02(w)), pursuant to or within the meaning of any Bankruptcy Law: 

(A) commences a voluntary case seeking liquidation, reorganization or other relief with respect to it; 

(B) consents to the entry of an order for relief against it in an involuntary case; 

(C) consents to the appointment of a Custodian of it or for any substantial part of its property; 

(D) makes a general assignment for the benefit of its creditors; or 

(E) generally is not paying its debts as they become due, 

but excluding any of the above for the purposes of a solvent reconstruction, amalgamation or winding-up in connection with a transfer of assets solely to the
Company or a scheme of arrangement made in compliance with Article 5 hereof that does not result in the liquidation, provisional liquidation, winding-up or dissolution of the Company or any Significant Subsidiary; or 

  
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 (x) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:

 (A) is for relief against the Company or any Significant Subsidiary in an involuntary case or proceeding; 

(B) appoints a Custodian of the Company or any Significant Subsidiary, or for any substantial part of the property of the
Company or any Significant Subsidiary; 
 (C) orders the winding up or liquidation of the Company or any Significant
Subsidiary; or 
 (D) grants any similar relief under any foreign laws; 

and, in each such case, the order or decree remains undismissed and unstayed and in effect for 60 days, but excluding any of the above for the purposes of a
solvent reconstruction, amalgamation or winding-up in connection with a transfer of assets solely to the Company or a scheme of arrangement made in compliance with Article 5 hereof that does not result in the liquidation, provisional liquidation,
winding-up or dissolution of the Company or any Significant Subsidiary. 
 (b) Cause Irrelevant. Each of the events enumerated
in Section 6.01(a) hereof will constitute an Event of Default whatever the cause and regardless of whether voluntary or involuntary or effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or
regulation of any administrative or governmental body. 
 Section 6.02 Acceleration. 

(a) Automatic Acceleration in Certain Circumstances. If an Event of Default specified in Section 6.01(a)(ix) or 6.01(a)(x) hereof
occurs, an amount equal to the applicable Terminal Value on the date of such Event of Default on the then outstanding Notes will immediately become due and payable without any further action or notice by any party. 

(b) Optional Acceleration. If any Event of Default (other than an Event of Default specified in Sections 6.01(a)(ix) or 6.01(a)(x))
occurs and is continuing, the Trustee, by delivering a written notice to the Company, or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding, by delivering a written notice to the Company and the Trustee, may
declare the applicable Terminal Value of all then outstanding Notes immediately due and payable, and upon such declaration, the applicable Terminal Value of all then outstanding Notes will immediately become due and payable in cash. 

(c) Rescission of Acceleration. Notwithstanding anything to the contrary in this Indenture, the Holders of a majority of the aggregate
principal amount of the then outstanding 

  
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Notes may, on behalf of the Holders of all of the then outstanding Notes, rescind any acceleration of the Notes and its consequences hereunder by delivering written notice to the Trustee if
(i) such rescission would not conflict with any judgment or decree of a court of competent jurisdiction and (ii) all existing Events of Default (other than the nonpayment of any principal or Terminal Value of, Change of Control Repurchase
Price or the Redemption Price for, or interest on the Notes that has become due solely as a result of acceleration) have been cured or waived. No such rescission will affect any subsequent Default or impair any right consequent thereto. 

Section 6.03 Other Remedies. If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to
collect the payment of any principal or Terminal Value of, Change of Control Repurchase Price or Redemption Price for, or accrued and unpaid interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture
regarding any other matter. 
 The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of
the Notes in the proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default will not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default.
No remedy is exclusive of any other remedy. All available remedies are cumulative. 
 Section 6.04 Waiver of Past Defaults. If
an Event of Default described in Sections 6.01(a)(i), 6.01(a)(ii), 6.01(a)(iii), Section 6.01(a)(iv) or 6.01(a)(vi) (which, in the case of Section 6.01(a)(vi) only, relates to a covenant that cannot be amended without the consent of each
affected Holder) or a Default that would lead to such an Event of Default occurs and is continuing, such Event of Default or Default may be waived only with the consent of each affected Holder. Every other Event of Default or Default may be waived
by the Holders of a majority of the aggregate principal amount of then outstanding Notes. Whenever any Event of Default is so waived, it will cease to exist, and whenever any Default is so waived, it will be deemed cured and any Event of Default
arising therefrom will be deemed not to occur. However, no such waiver will extend to any subsequent or other Default or Event of Default or impair any consequent right. 

Section 6.05 Control by Majority. At any time, the Holders of a majority of the aggregate principal amount of then outstanding
Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or for exercising any trust or power conferred on the Trustee. However, the Trustee may refuse to follow any direction that conflicts
with law or this Indenture or, subject to Section 7.01 hereof, that the Trustee determines to be unduly prejudicial to the rights of a Holder or to the Trustee, or that would potentially involve the Trustee in personal liability unless the
Trustee is offered indemnity or security satisfactory to it against any loss, liability or expense to the Trustee that may result from the Trustee’s instituting such proceeding as the Trustee. Prior to taking any action hereunder, the Trustee
will be entitled to indemnification or security satisfactory to it against all losses, liabilities and expenses caused by taking or not taking such action. 

  
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 Section 6.06 Limitation on Suits. Except in the case of an Event of Default described
in Section 6.01(a)(i), 6.01(a)(ii), 6.01(a)(iii) or Section 6.01(a)(iv) hereof, no Holder may pursue a remedy with respect to this Indenture or the Notes unless: 

(a) such Holder has previously delivered to the Trustee written notice that an Event of Default has occurred and is continuing; 

(b) the Holders of at least 25% of the aggregate principal amount of then-outstanding Notes deliver to the Trustee a written request that the
Trustee pursue a remedy with respect to such Event of Default; 
 (c) such Holder or Holders have offered and, if requested, provided, to
the Trustee security or indemnity satisfactory to the Trustee against any loss, liability or other expense of compliance with such written request; 

(d) the Trustee has not complied with such written request within 60 days after receipt of such written request and offer of security or
indemnity; and 
 (e) during such 60-day period, the Holders of a majority of the aggregate principal amount of then outstanding Notes did
not deliver to the Trustee a direction inconsistent with such written request. 
 A Holder may not use this Indenture to prejudice the
rights of any other Holder or to obtain a preference or priority over any other Holder, it being understood that the Trustee does not have any affirmative duty to ascertain whether any usage of this Indenture by a Holder is unduly prejudicial to
such other Holders. 
 Section 6.07 Rights of Holders To Receive Payment. Notwithstanding any other provision of this Indenture,
the right of any Holder to receive payment of the principal or Terminal Value of, the Change of Control Repurchase Price or the Redemption Price, if any, for, the accrued and unpaid interest, if any, on, and any consideration due under Article 11
upon conversion of, its Note, on or after the respective due date, or to bring suit for the enforcement of any such payment and/or delivery on or after the respective due date, will not be impaired or affected without the consent of such Holder and
will not be subject to the requirements of Section 6.06 hereof. 
 Section 6.08 Collection Suit by Trustee. If an Event of
Default specified in Section 6.01(a)(i), 6.01(a)(ii) or 6.01(a)(iii) hereof occurs and is continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Company or any Guarantor for the
whole amount of any principal or Terminal Value of, Change of Control Repurchase Price or Redemption Price for, and accrued and unpaid interest on, the Notes, and, to the extent lawful, any Default Interest on any Defaulted Amounts, and such further
amount as is sufficient to cover the costs and expenses of collection provided for under Section 7.06 hereof. 
 Section 6.09
Trustee May File Proofs of Claim. The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable to have the claims of the Trustee and the Holders allowed in any judicial proceedings
relative to the Company or any Guarantor, or the creditors or property of the Company or any Guarantor, and, 

  
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unless prohibited by law or applicable regulations, will be entitled to collect, receive and distribute any money or other property payable or deliverable on any such claims, and any Custodian in
any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee consents to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for
the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.06 hereof. To the extent that the payment of any such compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.06 hereof out of the estate in any such proceeding, will be denied for any reason, payment of the same will be secured by a
Lien on, and will be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement
or otherwise. Nothing herein contained will be deemed to authorize the Trustee to authorize or consent to, or to accept or to adopt on behalf of any Holder, any plan of reorganization, arrangement, adjustment or composition affecting the Notes or
the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

Section 6.10 Priorities . If the Trustee collects any money or property pursuant to this Article 6, it will pay out the money or
property in the following order: 
 FIRST: to the Trustee, its agents and attorneys for amounts due under Section 7.06 hereof,
including payment of all compensation, fees, expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 

SECOND: to the Holders, for any amounts due and unpaid on the principal or Terminal Value of, the Change of Control Repurchase Price or
Redemption Price for, and accrued and unpaid interest on, the Notes, without preference or priority of any kind, according to such amounts due and payable on all of the Notes; and 

THIRD: the balance, if any, to the Company or the applicable Guarantor, or to such other party as a court of competent jurisdiction directs.

 The Trustee may fix a record date and payment date for any payment to the Holders pursuant to this Section 6.10. If the Trustee so
fixes a record date and a payment date, at least 15 days prior to such record date, the Company will deliver to each Holder and the Trustee a written notice, which notice will state such record date, such payment date and the amount of such payment,
and if the Company is unable or refuses to do so, the Trustee will deliver such notice to each Holder. 
 Section 6.11 Undertaking for
Costs. In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the
suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and
good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07 hereof or a suit by Holders of more than 10% in aggregate principal
amount of the then outstanding Notes. 

  
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 ARTICLE 7 

TRUSTEE 
 Section 7.01
Duties of Trustee. 
 (a) If an Event of Default has occurred and is continuing, the Trustee will exercise the rights and powers
vested in it by this Indenture, and use the same degree of care and skill in its exercise as a prudent Person would exercise or use under the circumstances in the conduct of such Person’s own affairs. 

(b) Except during the continuance of an Event of Default: 

(i) the Trustee undertakes to perform such duties, and only such duties, as are specifically set forth in this Indenture, and no implied
covenants or obligations will be read into this Indenture against the Trustee; and 
 (ii) in the absence of bad faith on its part, the
Trustee may conclusively rely as to the truth of the statements and the correctness of the opinions expressed therein upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. 

(c) The Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure to act, or its own willful
misconduct, except that: 
 (i) this paragraph does not limit the effect of Section 7.01(b) hereof; 

(ii) the Trustee will not be liable for any error of judgment made in good faith by a Responsible Officer unless it is proved that the Trustee
was negligent in ascertaining the pertinent facts; and 
 (iii) the Trustee will not be liable with respect to any action it takes or omits
to take in good faith in accordance with a direction received by it pursuant to Sections 6.05, 6.06, 13.02 or 13.03 hereof or any exercise in good faith of any trust or power conferred upon the Trustee under this Indenture with respect to the Notes.

 (d) Whether herein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to
Section 7.01(a), (b) and (c) hereof. 
 (e) The Trustee will not be liable for interest on any money received by it or risk
or expend any of its own funds. 
 (f) Money held in trust by the Trustee need not be segregated from other funds except to the extent
required by law. 

  
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 (g) No provision of this Indenture will require the Trustee to expend or risk its own funds or
otherwise incur liability, financial or otherwise, in the performance of any of its duties hereunder or in the exercise of any of its rights or powers. 

(h) Every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee will be
subject to the provisions of this Article 7, and the provisions of this Article 7 will apply to the Trustee, Registrar, Paying Agent and Conversion Agent. 

(i) The Trustee will not be deemed to have notice of a Default or an Event of Default unless (i) a Responsible Officer has received
written notice at its Corporate Trust Office thereof from the Company or any Holder and such notice references the Notes and this Indenture or (ii) a Responsible Officer has actual knowledge thereof. 

Section 7.02 Rights of Trustee. 

(a) The Trustee may conclusively rely upon any written resolution, certificate, statement, instrument, opinion, report, notice, request,
direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter
stated in any written resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document. The Trustee may, however, in its
discretion make such further inquiry or investigation into such facts or matters as it may see fit and, if the Trustee determines to make such further inquiry or investigation, it will be entitled to examine the books, records and premises of the
Company or any Guarantor, personally or by agent or attorney and at the expense of the Company, and will incur no liability of any kind by reason of such inquiry or investigation. 

(b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel or both. The
Trustee will not be liable for any action it takes or omits to take in good faith in reliance on the Officers’ Certificate or Opinion of Counsel. 

(c) The Trustee may act through agents, attorneys or custodians and will not be responsible for the misconduct or negligence of any agent,
attorney or custodian appointed with due care. 
 (d) So long as the Trustee’s conduct does not constitute willful misconduct or
negligence, the Trustee will not be liable for any action it takes or omits to take in good faith that it reasonably believes to be authorized or within the rights or powers conferred upon it by this Indenture. 

(e) The Trustee may consult with counsel of its own selection, and the advice of such counsel or any Opinion of Counsel with respect to legal
matters relating to this Indenture and the Notes will be full and complete authorization and protection from liability in respect to any action taken, omitted or suffered by it hereunder in good faith and in accordance with and reliance upon the
advice or opinion of such counsel. 

  
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 (f) The permissive rights of the Trustee to do things enumerated in this Indenture will not be
construed as a duty unless so specified herein. 
 (g) The Trustee will be under no obligation to exercise any of the rights or powers
vested in it by this Indenture at the request or direction of any of the Holders pursuant to this Indenture, unless such Holders have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and
liabilities that might be incurred by it in compliance with such request or direction. 
 (h) The rights, privileges, protections,
immunities and benefits given to the Trustee, including its right to be indemnified, are extended to, and will be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder,
including the Registrar, Paying Agent and Conversion Agent. 
 (i) The Trustee may request that the Company deliver an Officers’
Certificate setting forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any Person authorized to sign an
Officers’ Certificate, including any Person specified as so authorized in any such certificate previously delivered and not superseded. 

(j) In no event will the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind
whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

(k) The Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties hereunder. 

Section 7.03 Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of
Notes and may otherwise deal with the Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, if the Trustee acquires any conflicting interest it must eliminate the conflict within 90 days or
resign. Any Paying Agent, Registrar, Conversion Agent or co-registrar may do the same with like rights. However, the Trustee must comply with Section 7.09 hereof. 

Section 7.04 Trustee’s Disclaimer. The Trustee will not be responsible for and makes no representation as to the validity,
sufficiency, priority or adequacy of this Indenture or the Notes, it will not be accountable for the Company’s use of the proceeds from the Notes, and it will not be responsible for the recitals contained in this Indenture, which shall be
deemed statements of the Company, or for any other statement of the Company in this Indenture or in any document issued in connection with the sale of the Notes or in the Notes other than the Trustee’s certificate of authentication. 

Section 7.05 Notice of Defaults. If a Default occurs and is continuing and is actually known to a Responsible Officer, the Trustee
will send to each Holder notice of the Default within 90 days after such Default first occurs, or, if it is not known to the Trustee at such time, as soon as practicable after it is actually known to a Responsible Officer; provided,
however, that except in the case of a Default that is, or would lead to, an Event of Default described in 

  
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6.01(a)(i), 6.01(a)(ii), Section 6.01(a)(iii) or Section 6.01(a)(iv) hereof, the Trustee may withhold the notice, and will be protected in so withholding, if and so long as it in good
faith determines that withholding the notice is in the interests of Holders. 
 Section 7.06 Compensation and Indemnity. 

(a) The Company will pay to the Trustee, from time to time, such compensation as will be agreed upon, from time to time, in writing for its
services. The Trustee’s compensation will not be limited by any law on compensation of a trustee of an express trust. The Company will reimburse the Trustee upon request for all reasonable out-of-pocket fees and expenses incurred or made by it,
including costs of collection, in addition to the compensation for its services. Such expenses will include the reasonable compensation, fees and expenses, disbursements and advances of the Trustee’s agents, counsel, accountants and experts.
The Company will fully indemnify the Trustee (or any predecessor Trustee) against any and all loss, liability, claim, damage, fee or expense (including reasonable attorneys’ fees and expenses) incurred by it in connection with the acceptance
and administration of this trust and the performance of its duties hereunder, including the costs and expenses of defending itself against any claim (whether asserted by the Company, any Holder or any other Person) or liability in connection with
the exercise or performance of any of its powers or duties hereunder, or in connection with enforcing the provisions of this Section. The Trustee will notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee
to so notify the Company of any claim for which it may seek indemnity of which a Responsible Officer has actually received written notice will not relieve the Company of its obligations hereunder except to the extent such failure is adjudicated by a
court of competent jurisdiction to have materially prejudiced the Company. The Company will defend the claim and the Trustee will cooperate in the defense. If the Trustee is advised by counsel that it may have available to it defenses that are in
conflict with the defenses available to the Company, then the Trustee may have separate counsel, and the Company will pay the reasonable fees and expenses of such counsel. The Company will pay the reasonable fees and expenses of counsel to the
Trustee incurred in evaluating whether such defense and/or conflict exists. The Company need not reimburse any expense or indemnify against any loss, liability or expense incurred by the Trustee through the Trustee’s own willful misconduct or
negligence. The Company need not pay for any settlement made by the Trustee without the Company’s consent, such consent not to be unreasonably withheld. All indemnifications and releases from liability granted hereunder to the Trustee will
extend to its officers, directors, employees, agents, attorneys, custodians, successors and assigns. 
 (b) To secure the Company’s
payment obligations under this Section 7.06, the Trustee will have a senior claim to which the Notes are hereby made subordinate on all money or property held or collected by the Trustee, other than money or property held in trust to pay the
principal or Terminal Value of, the Change of Control Repurchase Price or Redemption Price, if any, for, and the accrued and unpaid interest, if any, on particular Notes. 

(c) The Company’s payment and indemnity obligations pursuant to this Section 7.06 will survive the resignation or removal of the
Trustee and the discharge of this Indenture. If the Trustee incurs expenses or renders services after the occurrence of a Default specified in Sections 6.01(a)(ix) or 6.01(a)(x) hereof, the expenses (including the reasonable fees and expenses of its
counsel) and the compensation for the services are intended to constitute expenses of administration under the Bankruptcy Law. 

  
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 Section 7.07 Replacement of Trustee. 

(a) The Trustee may resign at any time by notifying the Company, in writing, at least 30 days prior to the proposed resignation. The Holders of
a majority in aggregate principal amount of then outstanding Notes may remove the Trustee by so notifying the Trustee, in writing. The Company may remove the Trustee if: 

(i) the Trustee fails to comply with Section 7.09 hereof; 

(ii) the Trustee is adjudged bankrupt or insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy Law;

 (iii) a receiver or other public officer takes charge of the Trustee or its property; or 

(iv) the Trustee otherwise becomes incapable of acting. 

(b) If the Trustee resigns, is removed by the Company or by the Holders of a majority in aggregate principal amount of the Notes then
outstanding, or if a vacancy exists in the office of Trustee for any reason (the Trustee in such event being referred to herein as the retiring Trustee), the Company will promptly appoint a successor Trustee. 

(c) A successor Trustee will deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Thereupon, the
resignation or removal of the retiring Trustee will become effective, and the successor Trustee will have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee will send a notice of its succession to Holders.
The retiring Trustee will, upon payment of all of its costs and the costs of its agents and counsel, promptly transfer all property held by it as Trustee to the successor Trustee, subject to the Lien provided for in Section 7.06 hereof. 

(d) If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the
Company or the Holders of at least 10% of the aggregate principal amount of the Notes then outstanding may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee. 

(e) If the Trustee, after written request by any Holder, fails to comply with Section 7.09 hereof, such Holder may petition any court of
competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 (f) Notwithstanding the replacement of
the Trustee pursuant to this Section 7.07, the Company’s obligations under Section 7.06 hereof will continue for the benefit of the retiring Trustee. 

  
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 Section 7.08 Successor Trustee by Merger. 

(a) If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business or assets
to, another corporation or banking association, the resulting, surviving or transferee corporation or banking association without any further act will be the successor Trustee. 

(b) In case at the time such successor or successors by merger, conversion or consolidation to the Trustee succeeds to the trusts created by
this Indenture, any of the Notes have been authenticated, but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor Trustee, and deliver such Notes so authenticated; and, in case at that time
any of the Notes have not been authenticated, any such successor to the Trustee may authenticate such Notes, either in the name of any predecessor Trustee hereunder or in the name of the successor to the Trustee. 

Section 7.09 Eligibility; Disqualification. The Trustee will have (or, in the case of a corporation included in a bank holding
company system, the related bank holding company will have) a combined capital and surplus of at least $100,000,000, as set forth in its (or its related bank holding company’s) most recent published annual report of condition. 

Section 7.10 Trustee’s Application for Instructions from the Company. Any application by the Trustee for written instructions
from the Company may, at the option of the Trustee, set forth in writing any action proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which such action will be taken or such omission will be effective.
The Trustee will not be liable to the Company for any action taken by, or omission of, the Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date will not be less than three
Business Days after the date any Officer actually receives such application, unless any such Officer has consented in writing to any earlier date), unless prior to taking any such action (or the effective date in the case of any omission), the
Trustee has received written instructions in response to such application specifying the action to be taken or omitted. 
 ARTICLE 8

 SATISFACTION AND DISCHARGE 

Section 8.01 Satisfaction and Discharge. The Company may terminate the obligations under this Indenture and the Notes when: 

(a) all Notes that have been authenticated, except lost, stolen or destroyed Notes that have been replaced or paid and Notes for whose payment
money has been deposited in trust and thereafter repaid to the Company, have been delivered to the Trustee for cancellation; 
 (b) no Event
of Default has occurred and is continuing on the first date on which all such Notes have been delivered to the Trustee for cancellation; and 

(c) the Company has paid or caused to be paid all sums payable by it under this Indenture. 

  
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 After such delivery, the Trustee, upon receipt of a written request by the Company along with an
Officers’ Certificate and an Opinion of Counsel stating that all conditions precedent to satisfaction and discharge have been satisfied, shall acknowledge in writing the discharge of the Company’s obligations under the Notes and this
Indenture. 
 ARTICLE 9 

AMENDMENTS, SUPPLEMENTS AND WAIVERS 

Section 9.01 Without Consent of Holders. The Company and the Trustee may amend or supplement this Indenture or the Notes without
the consent of any Holder: 
 (a) to add Guarantees with respect to the Company’s obligations under this Indenture or the Notes; 

(b) to secure the Notes; 
 (c)
to provide for the assumption of the Company’s obligations under this Indenture and under the Notes by a Reorganization Successor Corporation as described in Article 5 hereof; 

(d) to surrender any right or power conferred upon the Company under this Indenture; 

(e) to add to the Company’s covenants or Events of Default for the benefit of the Holders; 

(f) to cure any ambiguity or correct any inconsistency or defect in this Indenture or in the Notes that does not adversely affect Holders;

 (g) to comply with any requirement of the SEC in connection with any qualification of this Indenture under the Trust Indenture Act of
1939; 
 (h) to evidence the acceptance of appointment by a successor Trustee with respect to this Indenture; 

(i) to comply with the rules of any applicable Depositary; 

(j) to conform the provisions of this Indenture to the “Description of Notes” section of the Offering Memorandum, as evidenced in an
Officers’ Certificate; 
 (k) to make any other change; provided that such change individually, or in the aggregate with all
other such changes, does not have, and will not have, an adverse effect on the interest of the Holders. 

  
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 Section 9.02 With Consent of Holders. With the written consent of the Holders of at
least a majority of the aggregate principal amount of the Notes then outstanding (including consents obtained in connection with a repurchase of, or tender offer or exchange offer for, Notes), by Act of such Holders delivered to the Company and the
Trustee, the Company, when authorized by a Board Resolution, may amend or supplement this Indenture or the Notes or waive compliance with any provision of this Indenture or the Notes; provided, however, that, without the consent of
each affected Holder, no amendment or supplement to this Indenture or the Notes, or waiver of any provision of this Indenture or the Notes, may: 

(a) reduce the principal amount of, or change the Maturity Date of, any Note; 

(b) reduce the Terminal Value of any Note; 

(c) reduce the rate of, or extend the stated time for payment of, interest on any Note; 

(d) reduce the Change of Control Repurchase Price or the Redemption Price of any Note or change the time at which, or the circumstances under
which, the Notes may, or will be, redeemed or repurchased; 
 (e) impair the right of any Holder to institute suit for any payment on any
Note, including with respect to any consideration due upon conversion of a Note; 
 (f) make any Note payable in a currency other than that
stated in the Note; 
 (g) make any change that impairs or adversely affects the conversion rights of any Holder under Article 11 hereof or
otherwise reduces the number of shares of Common Stock, amount of cash or any other property receivable by a Holder upon conversion; 
 (h)
change the ranking of the Notes; 
 (i) reduce any voting requirements included in this Indenture; 

(j) make any change to any amendment, modification or waiver provision of this Indenture that requires the consent of each affected Holder; or

 (k) reduce the percentage of the aggregate principal amount of then outstanding Notes whose Holders must consent to an amendment of this
Indenture or a waiver of a past default; 
 provided, however, that any amendment to, or waiver of, the provisions of this Indenture relating
to subordination that adversely affects the rights of the Holders will be subject to Section 10.14. 
 It will not be necessary for
the consent of the Holders under this Section 9.02 to approve the particular form of any proposed amendment, but it will be sufficient if such consent approves the substance of such proposed amendment. 

Section 9.03 Execution of Supplemental Indentures. Upon the written request of the Company, the Trustee will sign any supplemental
indenture authorized pursuant to this Article 9 if the amendment contained therein does not affect the rights, duties, liabilities or immunities of the Trustee under this Indenture. If the supplemental indenture adversely affects the Trustee’s
rights, duties, liabilities or immunities under this Indenture, then the Trustee may, but need not, sign such supplemental indenture. In executing any such supplemental indenture, the Trustee will be provided with, and, subject to the provisions of
Section 7.01 hereof, will be fully protected in conclusively relying upon, an Officers’ Certificate and an Opinion of Counsel that 

  
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comply with Sections 13.02 and 13.03 hereof and state that such supplemental indenture is (i) authorized and permitted under this Indenture and (ii) the legal, valid and binding
obligation of the Company enforceable against each of them in accordance with its terms. 
 Section 9.04 Notices of Amendment or
Supplemental Indentures. After an amendment or supplement to this Indenture or the Notes pursuant to Sections 9.01 or 9.02 hereof becomes effective, the Company will promptly deliver written notice to the Trustee, which notice will briefly
describe the substance of such amendment or supplement to this Indenture in reasonable detail and state the effective date of such amendment or supplement. The Company, or the Trustee, at the written direction of the Company, will then promptly
deliver a copy of such notice to each Holder. The failure to deliver such notice to each Holder, or any defect in such notice, will not impair or affect the validity of such amendment or supplement to this Indenture. 

Section 9.05 Effect of Supplemental Indentures. Upon the execution of any supplemental indenture under this Article 9: 

(a) this Indenture will be modified in accordance therewith; 

(b) such supplemental indenture will form a part of this Indenture for all purposes; and 

(c) every Holder will be bound thereby. 

Section 9.06 Revocation and Effect of Consents, Waivers and Actions. 

(a) Revocation. Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder is a continuing consent by the
Holder, and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. However, any such Holder, or subsequent Holder, may revoke
the consent as to its Note or portion of a Note if the Trustee receives the notice of revocation before the date the amendment, supplement or waiver becomes effective. 

(b) Special Record Dates. The Company may, but is not obligated to, fix a record date for the purpose of determining the Holders
entitled to give their consent or take any other action described above or required, or permitted, to be taken pursuant to this Indenture. If a record date is fixed, then those Persons who were Holders at such record date (or their duly designated
proxies), and only those Persons, will be entitled to give such consent, to revoke any consent previously given or to take any such action, regardless of whether such Persons continue to be Holders after such record date. No such consent will be
valid or effective for more than 120 days after such record date. 
 (c) Binding Effect. After an amendment, supplement or waiver
becomes effective, it will bind every applicable Holder. Any amendment or supplement will become effective in accordance with the terms of the supplemental indenture relating thereto, which will become effective upon the execution thereof by the
Company and the Trustee. 
 Section 9.07 Notation on, or Exchange of, Notes. If any amendment, supplement or waiver changes the
terms of a Note, the Trustee may require the Holder of such Note to deliver 

  
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such Note to the Trustee. The Trustee may place an appropriate notation on such Note about the changed terms and return it to the Holder. Alternatively, if the Company or the Trustee so
determines, the Company, in exchange for the Note, will issue and the Trustee will authenticate a new Note that reflects the changed terms. 

ARTICLE 10 

SUBORDINATION 

Section 10.01 Agreement to Subordinate. The Company agrees, and each Holder by accepting a Note agrees, that the indebtedness
evidenced by the Notes is subordinated in right of payment, to the extent and in the manner provided in this Article 10, to the prior payment in full of all amounts due and payable in respect of all Senior Debt (whether outstanding on the date
hereof or hereafter created, incurred, assumed or guaranteed), and that the subordination is for the benefit of the holders of Senior Debt. 

Section 10.02 Liquidation; Dissolution; Bankruptcy. Upon any distribution to creditors of the Company in a liquidation or
dissolution of the Company, or in a bankruptcy, reorganization, insolvency, receivership, arrangement, adjustment, composition or similar proceeding relating to the Company, the Subsidiaries or their respective property, in an assignment for the
benefit of creditors or any marshaling of the Company’s assets and liabilities: 
 (a) holders of Senior Debt will be entitled to
receive payment in full of all principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities payable under the documentation governing any indebtedness due in respect of such Senior Debt (including interest
after the commencement of any bankruptcy proceeding at the rate specified in the applicable Senior Debt), or provision shall be made for such payment in cash or cash equivalents or otherwise in a manner satisfactory to the holders of such Senior
Debt, before the Holders will be entitled to receive any payment or distribution of any kind, whether in cash, property or securities with respect to the Notes; and 

(b) until all principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities payable under the
documentation governing any indebtedness due with respect to Senior Debt (as provided in clause (i) above) are paid in full, any payment or distribution to which Holders would be entitled but for this Article 10 will be made to holders of
Senior Debt, as their interests may appear. 
 Section 10.03 Default on Designated Senior Debt. 

(a) The Company may not make any payment or distribution to the Trustee or any Holder in respect of principal, interest, penalties, fees,
indemnifications, reimbursements, damages and other liabilities payable under the documentation governing any indebtedness due with respect to the Notes and may not acquire from the Trustee or any Holder any Notes for cash or property until all
principal and other principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities payable under the documentation governing any indebtedness due with respect to the Senior Debt have been paid in full if: 

(i) a payment default on any Designated Senior Debt occurs and is continuing; or 

  
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 (ii) any other default occurs and is continuing on any series of Designated Senior Debt that
permits holders of that series of Designated Senior Debt to accelerate its maturity and the Trustee receives a written notice of such default (a “Payment Blockage Notice”) from the Company or the holders of any Designated Senior
Debt. If the Trustee receives any such Payment Blockage Notice, no subsequent Payment Blockage Notice will be effective for purposes of this Section 10.03 unless and until (A) at least 360 days have elapsed since the delivery of the
immediately prior Payment Blockage Notice and (B) all scheduled payments of any principal or Terminal Value of, Change of Control Repurchase Price or Redemption Price for, interest on the Notes that have come due have been paid in full in cash.

 No nonpayment default that existed or was continuing on the date of delivery of any Payment Blockage Notice to the Trustee may be, or may
be made, the basis for a subsequent Payment Blockage Notice unless such default has been cured or waived for a period of not less than 90 days. 

(b) The Company may and will resume payments on and distributions in respect of the Notes and may acquire them upon the earlier of: 

(i) in the case of a payment default, upon the date upon which such default is cured or waived, and 

(ii) in the case of a nonpayment default, upon the earlier of the date on which such nonpayment default is cured or waived and 179 days after
the date on which the applicable Payment Blockage Notice is received, unless the maturity of any Designated Senior Debt has been accelerated, 
 if this
Article 10 otherwise permits such payment, distribution or acquisition at the time of such payment, distribution or acquisition. 

Section 10.04 Acceleration of Notes. If payment of the Notes is accelerated because of an Event of Default, the Company will
promptly notify holders of Senior Debt of the acceleration. 
 Section 10.05 When Distribution Must Be Paid Over. In the event
that the Trustee or any Holder of the Notes receives any payment of any obligations with respect to the Notes at a time when the payment is prohibited by Section 10.03 hereof and a Responsible Officer or the Holder, as applicable, has actual
knowledge that the payment is prohibited by Section 10.03 hereof, such payment will be held by the Trustee or such Holder, in trust for the benefit of, and will be paid forthwith over and delivered, upon written request, to, the holders of
Senior Debt as their interests may appear, their Representative under the agreement, indenture or other document (if any) pursuant to which Senior Debt may have been issued, as their respective interests may appear, the trustee in bankruptcy,
receiver, liquidating trustee or custodian for application to the payment of all obligations with respect to Senior Debt remaining unpaid to the extent necessary to pay such obligations in full in accordance with their terms, after giving effect to
any concurrent payment or distribution to or for the holders of Senior Debt. 

  
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 With respect to the holders of Senior Debt, the Trustee undertakes to perform or to observe only
those obligations or covenants on the part of the Trustee as are specifically set forth in this Article 10, and no implied covenants or obligations with respect to the holders of Senior Debt will be read into this Indenture against the Trustee. The
Trustee will not be deemed to owe any fiduciary duty to the holders of Senior Debt, and will not be liable to any such holders if the Trustee pays over or distributes to or on behalf of Holders or the Company or any other Person money or assets to
which any holders of Senior Debt are then entitled by virtue of this Article 10, except if such payment is made as a result of the willful misconduct or gross negligence of the Trustee. 

Section 10.06 Notice by the Company. The Company will promptly notify the Trustee and the Paying Agent in writing of any facts
known to the Company that would cause a payment of any obligations with respect to the Notes to violate this Article 10 or would prohibit the making of any payment to or by the Trustee in respect of the Notes, but failure to give such notice will
not affect the subordination of the Notes to the Senior Debt as provided in this Article 10. 
 Section 10.07 Subrogation. Until
the Notes are paid in full, Holders will be subrogated (equally and ratably with all other indebtedness pari passu with the Notes) to the rights of holders of Senior Debt to receive distributions applicable to Senior Debt to the extent that
distributions otherwise payable to the Holders have been applied to the payment of Senior Debt. A distribution made under this Article 10 to holders of Senior Debt that otherwise would have been made to Holders is not, as between the Company and
Holders, a payment by the Company on the Notes. 
 Section 10.08 Relative Rights. This Article 10 defines the relative rights of
Holders and holders of Senior Debt. Nothing in this Indenture will: 
 (i) impair, as between the Company and Holders, the obligations of
the Company, which are absolute and unconditional, to pay any principal or Terminal Value of, Change of Control Repurchase Price or Redemption Price for, and interest on, the Notes in accordance with their terms; 

(ii) affect the relative rights of Holders and creditors of the Company other than their rights in relation to holders of Senior Debt; 

(iii) prevent the Trustee or any Holder from exercising its available remedies upon a Default or Event of Default, subject to the rights of
holders and owners of Senior Debt to receive distributions and payments otherwise payable to Holders; or 
 (iv) prevent the conversion of
the Notes into Conversion Shares pursuant to, and in accordance with, the provisions of Article 11. 
 If the Company fails because of this
Article 10 to pay any principal or Terminal Value of, Change of Control Repurchase Price or Redemption Price for, and interest on, the Notes on the due date, the failure is still a Default or Event of Default. 

Section 10.09 Subordination May Not Be Impaired. No right of any present or future 

  
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holder of Senior Debt to enforce the subordination of the indebtedness evidenced by the Notes may be impaired by any act or failure to act by the Company, any such holder or any Holder or by the
failure of the Company or any Holder to comply with this Indenture, regardless of any knowledge thereof that any such holder may have or be otherwise charged with. 

Section 10.10 Distribution or Notice to Representative. Whenever a distribution is to be made or a notice given to holders of
Senior Debt, the distribution may be made and the notice given to such holders’ Representative. 
 Section 10.11 Reliance on
Judicial Order or Certificate. Upon any payment or distribution of assets of the Company referred to in this Article 10, the Trustee and the Holders will be entitled to conclusively rely upon any order or decree made by any court of competent
jurisdiction or upon any certificate of such Representative or of the liquidating trustee or agent or other Person making any distribution to the Trustee or to the Holders for the purpose of ascertaining the Persons entitled to participate in such
distribution, the holders of the Senior Debt and other indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article 10. 

Section 10.12 Rights of Trustee and Paying Agent. Notwithstanding the provisions of this Article 10 or any other provision of this
Indenture, the Trustee will not be charged with knowledge of the existence of any facts that would prohibit the making of any payment or distribution by the Trustee, and the Trustee and the Paying Agent may continue to make payments on the Notes,
unless a Responsible Officer of the Trustee has received at its Corporate Trust Office at least five Business Days prior to the date of such payment written notice of facts that would cause the payment of any obligations with respect to the Notes to
violate this Article 10 and prior to the receipt of any such written notice, the Trustee shall be entitled in all respects to assume that no such facts exist; provided, however, that if a Responsible Officer of the Trustee shall not
have received, at least three Business Days prior to the date upon which by the terms hereof any such money may become payable for any purpose (including, without limitation, the payment of the principal amount, issue price, Redemption Price,
purchase price, Change in Control Purchase Price or interest, if any and in each case to the extent applicable, as the case may be, in respect of the Notes), the notice with respect to such money provided for in this Article 10, then, anything
herein contained to the contrary notwithstanding, the Trustee shall have full power and authority to receive such money and to apply the same to the purpose for which such money was received and shall not be affected by any notice to the contrary
which may be received by it within three Business Days prior to such date. Only the Company or a Representative may give the notice. Nothing in this Article 10 will impair the claims of, or payments to, the Trustee under or pursuant to
Section 7.06 hereof. 
 Subject to the provisions of Section 7.01, the Trustee shall be entitled to conclusively rely on the
delivery to it of a written notice by a Representative to establish that a notice has been given by a holder of Senior Debt (or a trustee or agent on behalf of any such holder). In the event that the Trustee determines in good faith that further
evidence is required with respect to the right of Representative to participate in any payment or distribution pursuant to this Article 10, the Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to
the amount of Senior Debt held by the Representative, the extent to which the Representative is entitled to participate in such payment or distribution and any other facts 

  
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pertinent to the rights of such Person under this Article 10, and if such evidence is not furnished, the Trustee may defer any payment which it may be required to make for the benefit of the
Representative pursuant to the terms of this Indenture pending judicial determination as to the rights of such Person to receive such payment. 

The Trustee in its individual or any other capacity may hold Senior Debt with the same rights as set forth in this Article 10 as it would have
if it were not Trustee. Any agent of the Trustee may do the same with like rights. 
 Section 10.13 Authorization to Effect
Subordination. Each Holder, by the Holder’s acceptance of a Note, authorizes and directs the Trustee on such Holder’s behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this
Article 10, and appoints the Trustee to act as such Holder’s attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in
Section 6.09 hereof at least 30 days before the expiration of the time to file such claim, the Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders. 

Section 10.14 Amendments. The provisions of this Article 10 may not be amended or modified without the written consent of the
holders of all Senior Debt. In addition, any amendment to, or waiver of, the provisions of this Article 10 that adversely affects the rights of the Holders will require the consent of the Holders of at least 75% in aggregate principal amount of
Notes then outstanding. 
 ARTICLE 11 

CONVERSION 

Section 11.01 Right To Convert Upon a Qualified PO. 

(a) General. Each Holder will have the option to elect to convert all or a portion of its Notes, having a
principal amount equal to $1,000 or an integral multiple of $1,000 in excess thereof, into shares of Common Stock (“Conversion Shares”) at any time during the period beginning on the Business Day immediately following a Qualified PO
Filing Date and ending on a date no less than 30 Business Days thereafter that is set by the Company by notice to the Holders (such date, the “Conversion Deadline”). The Company will provide the Holders, the Trustee and the
Conversion Agent (if other than the Trustee) with written notice of the Qualified PO Filing Date and issue a press release announcing the same no later than the Business Day immediately following the Qualified PO Filing Date. Such notice will
include the applicable Conversion Deadline. 
 Section 11.02 Conversion Procedures. 

(a) General. To exercise its conversion right with respect to a beneficial interest in a Global Note, the owner of such beneficial
interest must (i) comply with the Applicable Procedures for converting such beneficial interest; and (ii) pay any taxes or duties that such Holder is required to pay under the proviso to Section 11.02(d) hereof. 

  
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 To exercise its conversion right with respect to a Certificated Note, the Holder of such
Note must (i) complete and manually sign the conversion notice on the back of the Note, or a facsimile of such conversion notice (such notice, or such facsimile, the “Conversion Notice”); (ii) deliver such signed and
completed Conversion Notice and such Note to the Conversion Agent at its office; (iii) furnish any endorsements and transfer documents that the Company, Conversion Agent, Trustee or Transfer Agent may require; and (iv) pay any transfer
taxes or similar duties that such Holder is required to pay under the proviso to Section 11.02(d) hereof. 
 For each
Note with regard to which a Holder satisfies the foregoing requirements and which conversion of such Note is not otherwise prohibited under this Indenture, the closing date of the Qualified PO will be the “Conversion Date” for such
Note. 
 The conversion of any Note will be deemed to occur at the Open of Business on the Conversion Date for such Note, and any
converted Note or portion thereof will cease to be outstanding upon conversion. 
 (b) Termination of Election of Conversion.
Any Conversion Notice shall be irrevocable, subject only to the closing of a Qualified PO no later than one year from the applicable Qualified PO Filing Date or an earlier determination by the Company that it no longer intends to consummate such
Qualified PO. The Conversion Notice will be void in the event:  
 (i) such Qualified PO is not closed within one year from the
applicable Qualified PO Filing Date; or 
 (ii) the Company provides notice to Holders and the Conversion Agent that it no longer intends to
consummate such Qualified PO. 
 The Company will provide the Holders and the Conversion Agent the notice referred to in the foregoing
clause (ii) promptly after it makes the determination not to consummate the Qualified PO, but, for the avoidance of doubt, such determination will be in the Company’s sole discretion. 

(c) Conversions in Part. If a Holder surrenders only a portion of the principal amount of a Certificated Note for conversion,
promptly after the Conversion Date, the Company will, in accordance with Section 2.05 hereof, execute and deliver to the Trustee, and the Trustee will, upon receipt of a Company Order and the documents required by Sections 13.02 and 13.03
hereof, in accordance with Section 2.05 hereof, authenticate and deliver to such Holder a new Certificated Note in an authorized denomination, having a principal amount equal to the aggregate principal amount of the unconverted portion of the
Certificated Note surrendered for conversion and bearing registration numbers not contemporaneously outstanding and any restrictive legends that such Certificated Note must bear under Section 2.10 hereof. 

Upon the conversion of any beneficial interest in a Global Note, the Conversion Agent will promptly request that the Trustee make a notation
on the “Schedule of Increases and Decreases of Global Note” of such Global Note to reduce the principal amount represented by such Global Note by the principal amount of the converted beneficial interest. If all of the beneficial interests
in a Global Note are so converted, such Global Note will be deemed surrendered to the Trustee for cancellation, and the Trustee will cause such Global Note to be cancelled in accordance with the Applicable Procedures and the Trustee’s internal
procedures. 

  
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 (d) Taxes and Duties. If a Holder converts a Note, the Company will pay any
documentary, stamp or similar issue or transfer tax due on the issue of any shares of the Common Stock upon the conversion; provided, however, that if any such tax is due because the converting Holder requested that shares of Common
Stock be issued in a name other than its own, such Holder will pay such tax. Such Common Stock shall not be issued or delivered unless all such taxes, if any, payable by the Holder have been paid. 

(e) Notices. The Conversion Agent will, as promptly as possible following the Conversion Date, and in no event later than the
Business Day immediately following the Conversion Date, deliver to the Company and the Trustee notice that the Conversion Date has occurred, which notice will state the Conversion Date, the principal amount of Notes converted on the Conversion Date
and the names of the Holders that converted Notes on the Conversion Date. 
 The Company will provide each Holder that elects
to convert all or a portion of its Notes into Conversion Shares with written notice of the effective date of the registration statement filed under the Securities Act in connection with the applicable Qualified PO no later than the Business Day
immediately following the effective date. The notice will include the expiration date of the period beginning on the Conversion Deadline and ending on the day that is 180 days after the pricing date of the Qualified PO (the “Lock-up
Period”). 
 (f) Notes subject to a Conversion Notice. Notwithstanding anything to the contrary contained
herein, once a Conversion Notice has been signed and delivered in accordance with Section 11.02(a), each Note subject to such Conversion Notice may not be transferred or sold by the Holder thereof (other than as required in order to consummate
the conversion of such Note in accordance with this Article 11) unless and until the Company provides notice to Holders and the Conversion Agent that it no longer intends to consummate such Qualified PO in accordance with Section 11.02(b)(ii).

 Section 11.03 Settlement Upon Conversion. 

(a) Conversion Obligation. 

(i) Calculation of Conversion Shares. Upon conversion, a Holder will receive such Holder’s Pro Rata Portion of a number of
Conversion Shares equal to the greater of: 
  

	 	(A)	the Qualified PO Principal Amount divided by the Applicable Conversion Price. The “Applicable Conversion Price” will be the public offering price per share of Common Stock in the Qualified PO multiplied
by the applicable percentage of public offering price set forth in the table below determined as of the pricing date of the Qualified PO. 

  
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	 Pricing Date of Qualified PO
	  	Percentage of Public
Offering Price	 
	 On or before December 31, 2014
	  	 	90	% 
	 January 1, 2015 to June 30, 2015
	  	 	86	% 
	 July 1, 2015 to December 31, 2015
	  	 	78	% 
	 January 1, 2016 to June 30, 2016
	  	 	73	% 
	 July 1, 2016 to December 31, 2016
	  	 	68	% 
	 January 1, 2017 to June 30, 2017
	  	 	63	% 
	 July 1, 2017 to December 31, 2017
	  	 	58	% 
	 January 1, 2018 to June 30, 2018
	  	 	53	% 
	 July 1, 2018 to December 31, 2018
	  	 	48	% 
	 On or after January 1, 2019
	  	 	45	% 

 and 
  

	 	(B)	the difference between (A) the Pre-Qualified PO Share Number divided by one minus a fraction, the numerator of which is the Qualified PO Principal Amount and the denominator of which is the Upside Trigger and
(B) the Pre-Qualified PO Share Number. 

 (ii) Delivery of Conversion Shares. The Company will not issue any
fractional shares of Common Stock upon conversion of the Notes and the number of Conversion Shares will be rounded up or down to the nearest whole number of shares. The Company will pay in cash accrued and unpaid interest on the Notes to, but not
including, the closing date of the Qualified PO. The Conversion Shares and accrued and unpaid interest will be delivered or paid, as applicable, to the Holder thereof on the closing date of the Qualified PO. Holders will become the record holders of
the Conversion Shares so delivered as of the Open of Business on such closing date. 
 (b) Conversion of Multiple Notes by a Single
Holder. If a Holder converts more than one Note on a single Conversion Date, the Conversion Shares due in respect of such conversion will be computed based on the total principal amount of Notes converted on such Conversion Date by such Holder.

 Section 11.04 Common Stock Issued Upon Conversion. 

(a) Prior to issuing of any shares of Common Stock under this Article 11, and from time to time thereafter as may be necessary, the Company
will reserve out of its authorized but unissued shares of Common Stock a number of shares of Common Stock sufficient to permit the conversion of all Notes with respect to which conversion rights have been exercised in accordance with
Section 11.02. 
 (b) Any shares of Common Stock delivered upon the conversion of the Notes will be newly issued shares or treasury
shares, duly and validly issued, fully paid, nonassessable, free from preemptive rights and free of any lien or adverse claim (except to the extent of any lien or adverse claim created by the action or inaction of the Holder or other Person to whom
such shares of Common Stock will be delivered). In addition, the Company will endeavor to comply promptly with all federal and state securities laws regulating the offer and delivery of any shares of Common Stock issuable upon conversion of the
Notes. Other than as set forth in the Registration Rights Agreement, the Company will not be obligated to register the offer and sale of such Common Stock under the Securities Act or any other applicable securities laws. 

  
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 (c) If any shares of the Common Stock issued upon conversion will, upon delivery as part of the
conversion obligation, be “restricted securities” (within the meaning of Rule 144 or any successor provision in effect at such time), such shares of Common Stock (i) will be issued in physical, certificated form; (ii) will not be
held in book-entry form through the facilities of the Depositary; and (iii) will bear any restrictive legends the Company or the Transfer Agent deem necessary to comply with applicable law. 

Section 11.05 Adjustment of Upside Trigger. 

(a) If at any time or from time to time after the date hereof and before the closing of a Qualified PO, the Company shall sell (an
“Equity Sale”) to any Person the Company’s Capital Stock or any securities convertible into or exchangeable for the Company’s Capital Stock, whether or not the rights to exchange or convert thereunder are immediately
exercisable (“Convertible Securities”), then if the Closing Date Equity Value is greater than the Upside Trigger, the Upside Trigger will be increased based on the following formula: 

 
 

 
 where 
  

			
		
	 VT1 =
	  	the Upside Trigger in effect immediately after the closing of the Equity Sale.
		
	 VT0 =
	  	the Upside Trigger in effect immediately prior to the closing of the Equity Sale.
		
	 GP  =
	  	the gross proceeds to the issuer from the Equity Sale.
		
	 EV  =
	  	the Closing Date Equity Value.

 (b) Successive Adjustments. After an adjustment to the Upside Trigger under this Article 11, any
subsequent event requiring an adjustment under this Article 11 will cause an adjustment to the Upside Trigger as so adjusted, without duplication. 

(c) Restrictions on Adjustments. Notwithstanding the foregoing, no adjustment to the Upside Trigger will be made pursuant to
this Section 11.05(a) if the Upside Trigger would be increased by less than $2,000,000 as a result of the adjustment. 
 In
addition, notwithstanding anything to the contrary elsewhere in this Indenture, the Upside Trigger will not be adjusted as a result of the issuance of any of the following: 

(i) Capital Stock upon the conversion of any Convertible Securities outstanding on the Issue Date; 

  
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 (ii) Capital Stock or Convertible Securities issued or issuable by reason of a dividend, stock
split, split-up or other distribution on Capital Stock and Capital Stock issued or deemed issued as a dividend or distribution on Capital Stock; 

(iii) Capital Stock and/or options, warrants or rights to purchase Capital Stock and the Capital Stock issued pursuant to such options,
warrants or other rights to employees, consultants, officers or directors pursuant to any stock plans, equity incentive plans, restricted stock plans or other similar arrangements; 

(iv) Capital Stock or Convertible Securities to lenders, financial institutions, equipment lessors, landlords, brokers or similar entities in
connection with commercial credit arrangements, equipment financings, commercial property lease transactions or similar transactions; 
 (v)
Capital Stock or Convertible Securities to suppliers or third party service providers in connection with the provision of goods or services; or 

(vi) Capital Stock or Convertible Securities in connection with any settlement of any action, suit, proceeding or litigation. 

(d) Notices. Upon the occurrence of each adjustment or other determination of the Upside Trigger pursuant to this Section 11.05,
the Company will promptly as reasonably practicable compute such adjustment and the Company will (a) furnish to the Trustee, the Paying Agent, the Conversion Agent and each of the Holders an Officers’ Certificate setting forth such
adjustment and showing in reasonable detail the facts upon which such adjustment or other determination is based, which Officers’ Certificate each of the Trustee, the Paying Agent and the Conversion Agent may treat as conclusive evidence that
the adjustment specified in such Officers’ Certificate is correct and will be in effect as of the effective time specified in such Officers’ Certificate and (b) furnish, upon written notice at any time of any Holder to such Holder a
written notice, which notice will include (i) any and all adjustments or other determinations made to the Upside Trigger since the date of this Indenture and (ii) the Upside Trigger at that time in effect. The failure to deliver such
notice will not affect the legality or validity of any such adjustment. 
 Section 11.06 No Responsibility of Trustee, Conversion
Agent and Paying Agent. The Trustee, Conversion Agent and the Paying Agent will not have any duty or responsibility to calculate the Equity Value or the Upside Trigger or determine whether any facts exist that require an adjustment of the Upside
Trigger, or with respect to the nature or extent or calculation of any such adjustment when made, or with respect to the method employed in making the same. None of the Trustee, the Paying Agent or the Conversion Agent will be responsible for any
failure of the Company to deliver the Conversion Shares due upon the surrender of any Notes for the purpose of conversion or to comply with any of the duties, responsibilities or covenants of the Company contained in this Article 11. 

  
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 ARTICLE 12 

REDEMPTION AT THE OPTION OF THE COMPANY 

Section 12.01 No Sinking Fund; Notes Not Redeemable Prior to Qualified PO or Change of Control. No sinking fund is provided for
the Notes. Prior to the earlier of the closing of a Qualified PO and a Change of Control Repurchase Date, the Company may not redeem the Notes. 

Section 12.02 Right to Redeem in Connection with a Qualified PO. Prior to the Maturity Date, if the closing of a Qualified PO
occurs, the Company has the option to redeem (a “Qualified PO Redemption Right”) all, but not less than all, of the Notes (a “Qualified PO Redemption”) that are not subject to a Conversion Notice on the Redemption
Date for an amount of cash equal to the Redemption Price for such Redemption Date. 
 The Company shall give notice of its intention to
exercise of the Qualified PO Redemption Right (a “Qualified PO Redemption Notice”) to the Holders during the period beginning on the Business Day following the Conversion Deadline and ending on the tenth Business Day thereafter. Any
Qualified PO Redemption Notice shall be irrevocable, subject only to the closing of a Qualified PO no later than one year from the applicable Qualified PO Filing Date or an earlier determination that the Company no longer intends to consummate such
Qualified PO. In the event (i) the Qualified PO giving rise to the Qualified PO Redemption Right is not closed within one year from the applicable Qualified PO Filing Date or (ii) the Company provides notice to Holders that it no longer
intends to consummate such Qualified PO (a “Qualified PO Revocation Notice”), the Qualified PO Redemption Notice will be void. The Company will provide Holders a Qualified PO Revocation Notice promptly after the Company makes the
determination, in the Company’s sole discretion, not to consummate the Qualified PO. 
 Section 12.03 Right to Redeem Following
a Change of Control . On or following a Change of Control Repurchase Date, in the event that any Notes remain outstanding following such Change of Control Repurchase Date, the Company may redeem (a “Change of Control
Redemption”) any such Notes that remain outstanding in whole but not in part, at any time at the Redemption Price for such Redemption Date. Any Change of Control Redemption and any related Redemption Notice may, in the Company’s
discretion, be subject to the satisfaction or one or more conditions precedent. 
 Section 12.04 General. Redemption
Notice. At least 30 calendar days but not more than 60 calendar days prior to any Redemption Date and, in the case of a Qualified PO Redemption, on a date following the closing date of the Qualified PO, the Company (with written notice to the
Trustee, in the case of a Global Note, no less than one Business Day (or such shorter period as agreed by the Trustee), or, in the case of a Certificated Note, no less than 10 calendar days (or such shorter period as agreed by the Trustee) prior to
the sending of such redemption notice in the event the Trustee is engaged by the Company to send such notice or cause such notice to be sent in the Company’s name and at the Company’s expense), in order to effect a Qualified PO Redemption
or a Change of Control Redemption, will send to each Holder (and to any beneficial owner of a Global Note, as required by applicable law) a written notice of redemption (the “Redemption Notice,” and the date of such sending, the
“Redemption Notice Date”) and, substantially contemporaneously therewith, the Company will issue a press release announcing such redemption. 

  
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 For any redemption, the Redemption Notice corresponding to such redemption will specify: 

(i) a brief description of the Company’s redemption right under this Indenture; 

(ii) the date specified for such redemption (the “Redemption Date”), which date must be a Business Day; provided that,
for a Qualified PO Redemption, the Redemption Date must be not less than 30 calendar days, nor more than 60 calendar days, immediately following the date on which the closing of the Qualified PO occurs; 

(iii) the redemption price for the Notes to be redeemed on such Redemption Date, which will be a price equal to 100% of the principal amount
of the Notes to be redeemed, plus accrued and unpaid interest, if any, on such Notes to, but excluding, such Redemption Date (the “Redemption Price”); provided, however, that if a Redemption Date occurs after a Regular
Record Date, but on or prior to the Interest Payment Date corresponding to such Regular Record Date, the Redemption Price for any Notes to be redeemed will equal 100% of the principal amount of such Notes, and accrued and unpaid interest, if any, on
such Notes to, but excluding, such Redemption Date will be payable, on such Interest Payment Date, to the Holder of such Notes at the Close of Business on such Regular Record Date, and the Redemption Price shall not include such accrued and unpaid
interest; 
 (iv) the name and address of the Paying Agent; 

(v) that Notes must be surrendered to the Paying Agent on or before the Redemption Date to collect the Redemption Price; 

(vi) that, unless the Company defaults in paying the Redemption Price on the Redemption Date, interest, if any, on a Note will cease to accrue
on and after the Redemption Date; 
 (vii) the CUSIP and ISIN number(s) of the Notes; 

(viii) that no representation is made as to the correctness or accuracy of the CUSIP and ISIN number(s), if any, listed in such notice or
printed on the Notes; and 
 (ix) any conditions precedent applicable to the redemption. 

The Company may provide in any Redemption Notice that payment of the Redemption Price and the performance of the Company’s obligations
with respect to such redemption may be performed by another Person. 
 On any Redemption Notice Date, the Company will also furnish to the
Trustee an Officers’ Certificate, which Officers’ Certificate will set forth the aggregate principal amount of Notes then outstanding and include a copy of the Redemption Notice delivered by the Company on such Redemption Notice Date. 

  
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 Section 12.05 Effect of Redemption Notice. After the Company has delivered a
Redemption Notice, each Holder will have the right to receive payment of the Redemption Price for its Notes on the later of (i) the Redemption Date and (ii) (a) if the Notes are Certificated Notes, delivery of its Notes to the Paying
Agent or (b) if the Notes are Global Notes, compliance with the Applicable Procedures relating to the redemption and delivery of the beneficial interests to be redeemed to the Paying Agent. 

Section 12.06 Deposit of Redemption Price. Prior to 10:00 a.m., New York City time, on the Redemption Date, the Company will
deposit with the Paying Agent (or, if the Company or any of the Subsidiaries is acting as the Paying Agent, will segregate and hold in trust as provided in Section 2.07 hereof) an amount of immediately available funds sufficient to pay the
Redemption Price of all of the then-outstanding Notes. 
 Section 12.07 Effect of Deposit. If, as of 10:00 a.m., New York City
time, on any Redemption Date, the Company, in accordance with Section 12.06 hereof, has deposited with the Paying Agent money sufficient to pay the Redemption Price for every Note validly delivered in accordance with Section 12.05 hereof,
then, at the Close of Business on such Redemption Date: 
 (A) every Note outstanding immediately prior to the Close of
Business on such Redemption Date will cease to be outstanding and interest, if any, on such Notes will cease to accrue (regardless of whether such Notes were delivered to the Paying Agent or book-entry transfer has been made, as applicable), except
to the extent provided in the proviso to Section 12.04(a)(iii) hereof; and 
 (B) all other rights of the Holders of
such Notes with respect to such Notes (other than the right to receive payment of the Redemption Price and other than as provided in the proviso to Section 12.04(a)(iii) hereof) will terminate. 

Section 12.08 Covenant Not to Redeem Notes Upon Certain Events of Default. 

(a) General. Notwithstanding anything to the contrary in this Article 12, the Company will not redeem any Notes under this Article 12
if the principal amount of the Notes has been accelerated and such acceleration has not been rescinded on, or prior to, the Redemption Date (except in the case of an acceleration resulting from a default by the Company that would be cured by the
Company’s payment of the Redemption Price for such Notes). 
 (b) Return of Notes. If a Holder delivers a Note for redemption
pursuant to Section 12.05 hereof and, on the Redemption Date, pursuant to this Section 12.08, the Company is not permitted to redeem such Note, the Paying Agent will (i) if such Note is a Certificated Note, return such Note to such
Holder, and (ii) if such Note is held in book-entry form, in compliance with the Applicable Procedures, deem to be cancelled any instructions for book-entry transfer of such Note. 

Section 12.09 Repayment to the Company. Subject to any applicable property laws, if, six months after the Redemption Date, any
cash held by the Paying Agent remains unclaimed, 

  
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the Paying Agent will promptly return such cash to the Company; provided, however, that, to the extent that the aggregate amount of cash deposited by the Company pursuant to
Section 12.06 exceeds the aggregate Redemption Price of every Note outstanding, then as soon as practicable following the Redemption Date, the Trustee will return such excess to the Company. 

ARTICLE 13 

MISCELLANEOUS 

Section 13.01 Notices. Any request, demand, authorization, notice, waiver, consent or communication will be in writing and
delivered in Person or mailed by first-class mail, postage prepaid, addressed as follows or transmitted by facsimile transmission or other similar means of unsecured electronic methods (in PDF format) to the following: 

if to the Company: 

Energy & Exploration Partners, Inc. 

Two City Place, Suite 1700 
 100
Throckmorton 
 Fort Worth, TX 76102 

Telephone: (817) 789-6712 

Attention: Legal Department 

with a copy to: 
 Charles H.
Still, Jr. 
 Bracewell & Giuliani LLP 

711 Louisiana Street, Suite 2300 

Houston, Texas 77002 
 Telephone:
(713) 221-3309 
 if to the Trustee, Registrar, Paying Agent or Conversion Agent: 

U.S. Bank National Association 

13737 Noel Road, Suite 800 

Dallas, Texas 75240 
 Attention:
Corporate Trust Services 
 The Company or the Trustee, by notice given to the other in the manner provided above, may designate additional
or different addresses for subsequent notices or communications. 
 Any notice or communication given to a Holder will be mailed to the
Holder, by first class mail, postage prepaid, at the Holder’s address as it appears on the registration books of the Registrar and will be deemed given on the date of such mailing; provided, however, that with respect to any
Global Note, such notice or communication will be sent to the Holder thereof pursuant to the Applicable Procedures. 

  
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 Failure to mail or send a notice or communication to a Holder or any defect in it will not affect
its sufficiency with respect to other Holders. If a notice or communication is mailed or sent in the manner provided above, it is duly given, whether or not received by the addressee. 

If the Company mails or sends a notice or communication to the Holders, the Company will, at the same time, mail a copy to the Trustee and
each of the Registrar, Paying Agent and Conversion Agent. 
 If the Company is required under this Indenture to give a notice to the
Holders, in lieu of delivering such notice to the Holders, the Company may deliver such notice to the Trustee and cause the Trustee, at the Company’s expense, to have delivered such notice to the Holders on or prior to the date on which the
Company would otherwise have been required to deliver such notice to the Holders. In such a case, the Company will also cause the Trustee to mail a copy of the notice to each of the Registrar, Paying Agent and Conversion Agent (if other than the
Trustee) at the same time it sends the notice to the Holders. 
 Section 13.02 Certificate and Opinion as to Conditions
Precedent. Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company will furnish to the Trustee: 

(a) an Officers’ Certificate stating that, in the judgment or opinion of the signers, all conditions precedent, if any, provided for in
this Indenture relating to the proposed action have been complied with; and 
 (b) other than the authentication of the initial Global Notes
on the Issue Date, an Opinion of Counsel stating that, in the judgment or opinion of such counsel, all such conditions precedent relating to the proposed action (to the extent of legal conclusions and subject to reasonable assumptions and
exclusions) have been complied with. 
 Section 13.03 Statements Required in Certificate or Opinion. Each Officers’
Certificate or Opinion of Counsel with respect to compliance with a covenant or condition (except for such Officers’ Certificate required to be delivered pursuant to Section 4.04 hereof) provided for in this Indenture will include: 

(a) a statement that each Person making such Officers’ Certificate or Opinion of Counsel has read such covenant or condition; 

(b) a brief statement as to the nature and scope of the examination or investigation upon which the statements, judgments or opinions
contained in such Officers’ Certificate or Opinion of Counsel are based; 
 (c) a statement that, in the judgment or opinion of each
such Person, such Person has made such examination or investigation as is necessary to enable such Person to express an informed judgment or opinion as to whether or not such covenant or condition has been complied with; and 

(d) a statement that, in the judgment or opinion of such Person, such covenant or condition has been complied with. 

  
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 Section 13.04 Separability Clause. In case any provision in this Indenture or in the
Notes will be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby. 

Section 13.05 Rules by Trustee. The Trustee may make reasonable rules for action by, or a meeting of, Holders. 

Section 13.06 Governing Law and Waiver of Jury Trial. THE INDENTURE AND EACH NOTE WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK. EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS
INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY. 
 Section 13.07 No Recourse Against Others. A director, officer,
employee or stockholder, as such, of the Company will not have any liability for any obligations of the Company under the Notes or this Indenture or for any claim based on, in respect of or by reason of such obligations or their creation. By
accepting a Note, each Holder waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Notes. 

Section 13.08 Calculations. Except as otherwise provided in this Indenture, the Company will be responsible for making all
calculations called for under the Notes and this Indenture. These calculations include, but are not limited to, determinations of the accrued interest payable on the Notes, the Closing Date Equity Value and the Conversion Shares. 

The Company will make all calculations in good faith and, absent manifest error, its calculations will be final and binding on all Holders.
The Company will provide a schedule of its calculations to each of the Trustee, the Paying Agent and the Conversion Agent, and each of the Trustee, the Paying Agent and Conversion Agent is entitled to rely conclusively upon the accuracy of the
Company’s calculations without independent verification. If any Holder makes a written request to the Trustee for a copy of such schedule, the Trustee will promptly forward a copy of such schedule to such Holder. 

All calculations will be made to the nearest cent (with 0.5 of a cent rounded upward) or to the nearest 1/10,000th of a share (with
5/100,000ths rounded upward), as the case may be. 
 Section 13.09 Successors. All agreements of the Company, the Trustee, the
Registrar, the Paying Agent and the Conversion Agent in this Indenture and the Notes will bind their respective successors. 

Section 13.10 Multiple Originals. The parties may sign any number of copies of this Indenture. Each signed copy will be an
original, but all of them together represent the same agreement. One signed copy is enough to prove this Indenture. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission will constitute effective execution
and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF will be deemed to be their original signatures for all
purposes. 

  
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 Section 13.11 Table of Contents; Headings. The table of contents and headings of the
articles and sections of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof, and will not modify or restrict any of the terms or provisions hereof. 

Section 13.12 Force Majeure. The Trustee, Registrar, Paying Agent and Conversion Agent will not incur any liability for not
performing any act or fulfilling any duty, obligation or responsibility hereunder by reason of any occurrence beyond the control of such Person (including, but not limited to, any act or provision of any present or future law or regulation or
governmental authority, any act of God or war, civil unrest, local or national disturbance or disaster, any act of terrorism, loss or malfunctions of utilities, communications or computer (software and hardware) services, or the unavailability of
the Federal Reserve Bank wire or facsimile or other wire or communication facility). 
 Section 13.13 Submission to
Jurisdiction. The Company: (a) agrees that any suit, action or proceeding against them arising out of or relating to this Indenture or the Notes, as the case may be, may be instituted in any U.S. federal court with applicable subject matter
jurisdiction sitting in The City of New York; (b) waives, to the fullest extent permitted by applicable law, any objection which the Company may now or hereafter have to the laying of venue of any such suit, action or proceeding, and any claim
that any suit, action or proceeding in such a court has been brought in an inconvenient forum; and (c) submits to the nonexclusive jurisdiction of such courts in any suit, action or proceeding. 

Section 13.14 Legal Holidays. If the Maturity Date or any Interest Payment Date, Change of Control Repurchase Date, Redemption
Date or Conversion Date is not a Business Day, then any action to be taken on such date need not be taken on such date, but may be taken on the immediately following Business Day with the same force and effect as if taken on such date, and no
interest will accrue for the period from and after such date. 
 Section 13.15 No Security Interest Created. Except as provided
in Section 7.06 or 9.01(b) hereof, nothing in this Indenture or in the Notes, expressed or implied, will be construed to constitute a security interest under the New York Uniform Commercial Code or similar legislation, as now or hereafter
enacted and in effect, in any jurisdiction. 
 Section 13.16 Benefits of Indenture. Nothing in this Indenture or in the Notes,
expressed or implied, will give to any Person, other than the parties hereto, any Paying Agent, Conversion Agent, Registrar, and their successors hereunder, and the Holders any benefit or any legal or equitable right, remedy or claim under this
Indenture. 
 Section 13.17 U.S.A. Patriot Act. The parties hereto acknowledge that in accordance with Section 326 of the
U.S.A. Patriot Act, the Trustee, like all financial institutions, in order to help fight the funding of terrorism and money laundering, is required to obtain, verify and record information that identifies each person or legal entity that establishes
a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act. 

  
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 [Signature Pages Follow] 

  
 - 79 - 

 IN WITNESS WHEREOF, the Company has caused this Indenture to be duly executed as a deed the day
and year first before written. 
 ENERGY & EXPLORATION PARTNERS, INC. 
  

					
	By:	 	 /s/ Brian C. Nelson

		 	Name:	 	Brian C. Nelson
		 	Title:	 	Executive Vice President and
		 		 	Chief Financial Officer

  
 Signature Page –
Indenture 

 IN WITNESS WHEREOF, the undersigned, being duly authorized, has executed this Indenture as of the
day and year first before written. 
  

					
	 U.S. BANK NATIONAL ASSOCIATION,
 as
Trustee

		
	By:	 	 /s/ Israel Lugo

		 	Name:	 	Israel Lugo
		 	Title:	 	Vice President

  
 Signature Page –
Indenture 

 EXHIBIT A 

FORM OF NOTE 
 [FORM
OF FACE OF NOTE] 
 [Include the following legend for Global Notes only:] 

THIS IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE
DEPOSITARY, WHICH MAY BE TREATED BY THE COMPANY, THE TRUSTEE AND ANY AGENT THEREOF AS OWNER AND HOLDER OF THIS NOTE FOR ALL PURPOSES. 
 UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN
SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT HEREON IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

TRANSFERS OF THIS GLOBAL NOTE WILL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF THE DEPOSITORY TRUST COMPANY, OR TO A SUCCESSOR THEREOF
OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE WILL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN ARTICLE 2 OF THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

[Include the following legend on all Notes unless such restrictions on Transfer are eliminated or otherwise waived by written
consent of the Company:] 
 THE SECURITY EVIDENCED HEREBY HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS, AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT AS SET FORTH IN THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF, THE HOLDER (1) AGREES THAT IT WILL NOT OFFER, RESELL,
PLEDGE OR OTHERWISE TRANSFER THE SECURITY EVIDENCED HEREBY AT ANY TIME EXCEPT (A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) FOR SO LONG AS THE SECURITY EVIDENCED HEREBY OR THE COMMON STOCK ISSUABLE UPON CONVERSION OF SUCH SECURITY IS
ELIGIBLE FOR RESALE UNDER RULE 144A, TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, (C) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT (AND THAT
CONTINUES TO BE EFFECTIVE AT THE TIME OF 

  
 A-1 

 
SUCH TRANSFER), (D) PURSUANT TO OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT OR (E) PURSUANT TO
ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, INCLUDING RULE 144 THEREUNDER (IF AVAILABLE); (2) PRIOR TO SUCH TRANSFER (OTHER THAN A TRANSFER PURSUANT TO CLAUSE 1(A) OR 1(C) ABOVE), AGREES TO FURNISH SUCH
CERTIFICATIONS, LEGAL OPINIONS OR OTHER INFORMATION AS THE COMPANY, THE TRUSTEE OR THE TRANSFER AGENT, AS APPLICABLE, MAY REASONABLY REQUIRE TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT
TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT; AND (3) AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS SECURITY IS TRANSFERRED (OTHER THAN A TRANSFER PURSUANT TO CLAUSE 1(C) ABOVE) A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS
LEGEND. BY ITS ACQUISITION HEREOF, THE HOLDER ALSO AGREES NOT TO ENGAGE IN ANY HEDGING TRANSACTIONS WITH RESPECT TO THE NOTES OR THE COMMON STOCK OF THE COMPANY UNLESS SUCH TRANSACTIONS ARE MADE IN ACCORDANCE WITH THE SECURITIES ACT. 

  
 A-2 

 No.: [            ] 

CUSIP: [            ] 

ISIN:     [            ] 

Principal Amount $[            ] 

[as revised by the Schedule of Increases 

and Decreases of Global Note attached hereto]2 

Energy & Exploration Partners, Inc. 

8.00% Convertible Subordinated Notes due 2019 

Energy & Exploration Partners, Inc., a Delaware corporation, promises to pay to
[            ],3 or 

registered assigns, the principal amount of $[            ] [(as revised by
the Schedule of Increases 
 and Decreases of Global Note attached hereto)]4 on
July 1, 2019. 
 Interest Payment Dates: January 1 and July 1 of each year, beginning January 1, 2015. 

Regular Record Dates: December 15 and June 15 of each year, beginning December 15, 2014. 

Additional provisions of this Note are set forth on the other side of this Note. 

 

	2 	Include for Global Notes only. 

	3 	Insert Cede & Co. for Global Notes. 

	4 	Include for Global Notes only. 

  
 A-3 

 
			
	ENERGY & EXPLORATION PARTNERS, INC.
		
	By:	 	  

		 	Name:
		 	Title:
		 	Dated:

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

U.S. BANK NATIONAL ASSOCIATION, as Trustee, certifies that this is one of the Notes referred to
in the within-mentioned Indenture. 
  

			
		
	By:	 	  

		 	Authorized Signatory
		 	Dated:

  
 A-4 

 [FORM OF REVERSE OF NOTE] 

Energy & Exploration Partners, Inc. 

8.00% Convertible Subordinated Notes due 2019 

This Note is one of a duly authorized issue of notes of Energy & Exploration Partners, Inc., a Delaware corporation (the
“Company”), designated as its 8.00% Convertible Subordinated Notes due 2019 (the “Notes”), all issued or to be issued under and pursuant to an indenture dated as of July 22, 2014 (the
“Indenture”), among the Company and U.S. Bank National Association (the “Trustee”), to which Indenture and all indentures supplemental thereto reference is hereby made for a description of the rights, limitations of
rights, obligations, duties and immunities thereunder of the Trustee, the Company and the Holders. Capitalized terms used herein and not defined herein have the meanings ascribed to them in the Indenture, and the terms of the Notes include those
stated in the Indenture and those incorporated into the Indenture. Notwithstanding anything herein to the contrary, to the extent that any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture
will govern and control. 
 This Note will initially accrue interest at a rate equal to 8.00% per annum; provided that the
Interest Rate on this Note will increase by 0.50% per annum on the Interest Payment Date falling on July 1, 2015 and on each Interest Payment Date thereafter in accordance with the provisions of the Indenture. Interest accruing on this
Note will be payable entirely in cash. 
 If an Event of Default, as defined in the Indenture, shall have occurred and be continuing (other
than an Event of Default relating to certain events of bankruptcy, insolvency or reorganization of the Company), the Terminal Value of all Notes may be declared, by either the Trustee or Holders of at least 25% in aggregate principal amount of Notes
then outstanding, and upon said declaration shall become, due and payable, in the manner, with the effect and subject to the conditions and certain exceptions set forth in the Indenture. In case of certain events of bankruptcy, insolvency or
reorganization of the Company as described above, the Terminal Value of the Notes will automatically become immediately due and payable. 

Subject to the terms and conditions of the Indenture, the Company will make or cause to be made all payments and deliveries in respect of any
principal or Terminal Value of, Change of Control Repurchase Price or Redemption Price for, and accrued but unpaid interest on, as the case may be, to the Holder who surrenders this Note to a Paying Agent to collect such payments in respect of this
Note. The Company will pay or cause to be paid all amounts in cash or by wire transfer of immediately available funds on the relevant payment date. 

The Indenture contains provisions permitting the Company and the Trustee in certain circumstances, without the consent of the Holders, and in
certain other circumstances, with the consent of the Holders of not less than a majority in aggregate principal amount of Notes at the time outstanding, evidenced as in the Indenture provided, to execute supplemental indentures modifying the terms
of the Indenture and the Notes as described therein. It is also provided in the Indenture that, subject to certain exceptions, the Holders of a majority in aggregate principal amount of Notes at the time outstanding may on behalf of the Holders of
all of the Notes waive any current or past Default or Event of Default under the Indenture and its consequences. 

  
 A-6 

 Payment of principal, interest, penalties, fees, indemnifications, reimbursements, damages and
other liabilities payable under the documentation governing any indebtedness due with respect to this Note is subordinated to the prior payment of Senior Debt on the terms provided in the Indenture. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligations of the Company,
which are absolute and unconditional, to pay any principal or Terminal Value of, Change of Control Repurchase Price or Redemption Price for, and interest on, this Note at the place, at the respective times, at the rate and in the lawful money herein
prescribed. 
 The Notes are issuable in registered form without coupons in minimum denominations of $1,000.00 of principal amount and in
integral multiples of $1,000 in excess thereof. A Holder may transfer or exchange Notes in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay
any taxes and fees required by law or permitted by the Indenture. The Registrar need not transfer or exchange any Notes in respect of which a Change of Control Repurchase Notice has been given and not withdrawn after the Company has delivered a
Redemption Notice (except to the extent that Notes are converted or the Company fails to pay the Redemption Price in accordance with the terms of the Indenture) or in respect of which a Conversion Notice has been given (except, in the case of a Note
to be converted in part, the portion of the Note not to be converted). 
 No sinking fund is provided for the Notes. Subject to the terms
and conditions of the Indenture, the Company may redeem all, but not less than all, of the Notes that are not subject to a Conversion Notice if the closing of a Qualified PO occurs. Additionally, on or following a Change of Control Repurchase Date,
in the event that any Notes remain outstanding, the Company may redeem any such Notes, in whole but not in part. Any redemption will be at the Redemption Price and subject to the notice provisions set forth in the Indenture. 

Subject to the terms and conditions of the Indenture, upon the occurrence of a Change of Control, the Holder of this Note will have the right,
at its option, to require the Company to repurchase for cash this Note at the applicable Change of Control Repurchase Price set forth in the Indenture. 

Subject to, and upon compliance with, the terms and conditions of the Indenture, the Holder of this Note may, at its option, convert all of
this Note, or any portion of this Note, into Conversion Shares upon the closing of a Qualified PO. 
 In addition to the rights provided to
Holders under the Indenture, Holders shall have all the rights set forth in the Registration Rights Agreement, dated as of July 22, 2014, among the Company and Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Global Hunter
Securities, LLC/Sea Port Group Securities, LLC. 
 Initially, U.S. Bank National Association will act as the Trustee, Paying Agent,
Conversion Agent and Registrar. The Company may appoint and change any Paying Agent, Conversion Agent or Registrar; provided, that the Company will maintain at least one Paying Agent, Conversion Agent and Registrar in the continental United
States. The Company or any of the Subsidiaries may act as Paying Agent, Conversion Agent or Registrar. 

  
 A-7 

 The Holder of this Note will be treated as the owner of this Note for all purposes. 

This Note will not be valid until an authorized signatory of the Trustee manually signs the Trustee’s certificate of authentication on
the other side of this Note. 
 Customary abbreviations may be used in the name of a Holder or an assignee, such as TEN COM (=tenants in
common), TEN ENT (=tenants by the entireties), JT TEN (=joint tenants with right of survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors Act). 

THE INDENTURE AND THE NOTES WILL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

Pursuant to a recommendation promulgated by the Committee on Uniform Note Identification Procedures and the International Securities
Identification Numbers Organization, the Company has caused CUSIP and ISIN numbers to be printed on the Notes, and the Trustee may use CUSIP and ISIN numbers in any notices as a convenience to Holders. No representation is made as to the accuracy of
such numbers either as printed on the Notes or as contained in any notice, and reliance may be placed only on the other identification numbers placed thereon. 

The Company will furnish to any Holder, upon written request and without charge, a copy of the Indenture which has in it the text of this
Note. Requests may be made to: 
 Energy & Exploration Partners, Inc. 

Two City Place, Suite 1700 
 100
Throckmorton 
 Fort Worth, TX 76102 

Telephone: (817) 315-9811 

Attention: Legal Department 

  
 A-8 

 CONVERSION NOTICE 

ENERGY & EXPLORATION PARTNERS, INC. 

8.00% CONVERTIBLE SUBORDINATED NOTES DUE 2019 
 To
convert this Note, check the box    ̈ 
 To convert the entire principal amount of this Note, check
the box    ̈ 
 To convert only a portion of the principal amount of this Note, check the box  ̈ and here specify the principal amount to be converted, which principal amount must equal $1,000 or an integral multiple of $1,000 in excess thereof: 

$                        
 
 The undersigned registered owner of this Note hereby represents and warrants that it, and any other Person in whose name the undersigned has
requested Common Stock to be registered, is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act) or is an institution that, at the time the buy order for the Note was originated, was outside the United
States and was not a U.S. person (and was not purchasing for the account or benefit of a U.S. person) within the meaning of Regulation S under the Securities Act, and it covenants and agrees that, during the Lock-up Period, the undersigned and its
Affiliates will not: 
 (a) directly or indirectly sell or offer to sell any Conversion Shares or Related Securities (other than, for the
avoidance of doubt, Conversion Shares covered by the registration statement for the Qualified PO) either Beneficially Owned or owned of record; 

(b) enter into any swap, hedge or similar arrangement or agreement that transfers, in whole or in part, the economic risk of ownership of
Conversion Shares or Related Securities (other than, for the avoidance of doubt, Conversion Shares covered by the registration statement for the Qualified PO), regardless of whether any such transaction is to be settled in securities, in cash or
otherwise; or 
 (c) publicly announce any intention to do any of the foregoing. 

As used herein, the term “Beneficially Owned” has a corresponding meaning to the meaning assigned to the term “Beneficial Owner” in Rule
13d-3 and Rule 13d-5 under the Exchange Act, except that in calculating the beneficial ownership of any particular “person” (as that term is used in Section 13(d)(3) of the Exchange Act), such “person” will be deemed to have
beneficial ownership of all securities that such “person” has the right to acquire by conversion or exercise of other securities, whether such right is currently exercisable or is exercisable only after the passage of time. 

Capitalized terms used herein and not defined herein have the meanings ascribed to them in the Indenture 

  
 A-9 

 [Signature Page Follows] 

 

			
	Signature Guaranteed
	
	  

	Participant in a Recognized Signature
	Guarantee Medallion Program
		
	By:	 	  

		 	Authorized Signatory

 Signature Page – Conversion Notice 

  
 A-10 

 CHANGE OF CONTROL REPURCHASE NOTICE 

U.S. Bank National Association 
 13737 Noel Road, Suite 800 

Dallas, Texas 75240 
 Attention: Corporate Trust Services 

The undersigned registered owner of this Note hereby acknowledges receipt of a notice from Energy & Exploration Partners, Inc. (the
“Company”) as to the occurrence of a Change of Control with respect to the Company and specifying the Change of Control Repurchase Date and requests and instructs the Company to pay to the Holder hereof in accordance with the
applicable provisions of the Indenture referred to in this Note (1) the entire principal amount of this Note, or the portion thereof (that is equal to $1,000 principal amount or an integral multiple of $1,000 in excess thereof) below
designated, and (2) if such Change of Control Repurchase Date does not occur during the period after a Regular Record Date and on or prior to the corresponding Interest Payment Date, accrued and unpaid interest, if any, thereon to, but
excluding, such Change of Control Repurchase Date. 
 Principal amount to be repaid (if less than all):
$                     
 Signature Guaranteed

  

			
	  

	Participant in a Recognized Signature
	
	Guarantee Medallion Program
		
	By:	 	  

	Authorized Signatory

  
 A-11 

 CERTIFICATE TO BE DELIVERED UPON EXCHANGE OR TRANSFER OF NOTES 

Energy & Exploration Partners, Inc. 
 Two City Place,
Suite 1700 
 100 Throckmorton 
 Fort Worth, Texas 76102 

Telephone: (817) 315-9811 
 Attention: Legal Department 

U.S. Bank National Association 
 13737 Noel Road, Suite 800 

Dallas, Texas 75240 
 Attention: Corporate Trust Services 

Re: CUSIP # 
 Reference is
hereby made to that certain Indenture, dated July 22, 2014 (the “Indenture”) among Energy & Exploration Partners, Inc. (the “Company”) and U.S. Bank National Association, as trustee (the
“Trustee”). Capitalized terms used but not defined herein shall have the meanings set forth in the Indenture. 
 This
certificate relates to $[            ] principal amount of Notes held in (check applicable space)  ̈ book-entry or  ̈ definitive form by the undersigned. 
 The undersigned
                    (transferor) (check one box below): 

 ̈  hereby requests the Registrar to deliver in exchange for its
beneficial interest in the Global Note held by the Depositary a Note or Notes in definitive, registered form of authorized denominations and an aggregate principal amount equal to its beneficial interest in such Global Note (or the portion thereof
indicated above), in accordance with Section 2.09 of the Indenture; or 

 ̈  hereby requests the Trustee to exchange a Note or Notes to
(transferee). 
 In connection with any transfer of any of the Notes evidenced by this certificate, the undersigned confirms that such Notes
are being transferred in accordance with its terms: 
  ̈  (1) to
the Company or any of its subsidiaries; or 
  ̈  (2) to a
“qualified institutional buyer” (as defined in Rule 144A under the Securities Act) that purchases for its own account or for the account of a qualified institutional buyer to whom notice is given that such transfer is being made in
reliance on Rule 144A under the Securities Act, in each case pursuant to and in compliance with Rule 144A thereunder; 
  ̈  (3) pursuant to and in accordance with Regulation S under the Securities Act to an institution that, at the time the buy order was originated, was outside the United States and was not a U.S.
person (and was not purchasing for the account or benefit of a U.S. person); 

  
 A-12 

  ̈  (4) pursuant to Rule
144 under the Securities Act; 
  ̈  (5) pursuant to and in
compliance with an exemption from the registration requirements of the Securities Act other than Rule 144A, Rule 144 or Regulation S; or 

 ̈  (6) pursuant to an effective registration statement under the
Securities Act. 
 Unless one of the boxes is checked, the Registrar will refuse to register any of the Notes evidenced by this certificate
in the name of any person other than the registered holder thereof. 
  

			
	Signature Guaranteed
	
	  

	Participant in a Recognized Signature
	
	Guarantee Medallion Program
		
	By:	 	  

	Authorized Signatory

  
 A-13 

 [Include for Global Note] 

SCHEDULE OF INCREASES AND DECREASES OF GLOBAL NOTE 

Initial Principal Amount of Global Note: $[            ] 

 

									
	 Date
	  	Amount of Increase
in Principal
Amount of Global
Note	  	Amount of
Decrease in
Principal Amount
of Global Note	  	Principal Amount
of Global Note
After Increase or
Decrease	  	Notation by
Registrar or Note
Custodian
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  
 A-14 

 EXHIBIT B 

[FORM OF RESTRICTED STOCK LEGEND] 

[Each certificate representing Conversion Shares will bear the following legend unless it has been sold pursuant to a registration statement
that has been declared effective under the Securities Act:] 
 THE SECURITY EVIDENCED HEREBY HAS NOT BEEN REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS, AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT AS SET FORTH IN THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF, THE HOLDER
(1) AGREES THAT IT WILL NOT OFFER, RESELL, PLEDGE OR OTHERWISE TRANSFER THE SECURITY EVIDENCED HEREBY AT ANY TIME EXCEPT (A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) FOR SO LONG AS THE SECURITY EVIDENCED HEREBY OR THE COMMON
STOCK ISSUABLE UPON CONVERSION OF SUCH SECURITY IS ELIGIBLE FOR RESALE UNDER RULE 144A, TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, (C) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED
EFFECTIVE UNDER THE SECURITIES ACT (AND THAT CONTINUES TO BE EFFECTIVE AT THE TIME OF SUCH TRANSFER), (D) PURSUANT TO OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE
SECURITIES ACT OR (E) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, INCLUDING RULE 144 THEREUNDER (IF AVAILABLE); (2) PRIOR TO SUCH TRANSFER (OTHER THAN A TRANSFER PURSUANT TO CLAUSE 1(A)
OR 1(C) ABOVE), AGREES TO FURNISH SUCH CERTIFICATIONS, LEGAL OPINIONS OR OTHER INFORMATION AS THE COMPANY, THE TRUSTEE OR THE TRANSFER AGENT, AS APPLICABLE, MAY REASONABLY REQUIRE TO CONFIRM THAT SUCH TRANSFER IS BEING MADE PURSUANT TO AN EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT; AND (3) AGREES THAT IT WILL DELIVER TO EACH PERSON TO WHOM THIS SECURITY IS TRANSFERRED (OTHER THAN A TRANSFER PURSUANT TO CLAUSE 1(C) ABOVE) A
NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS LEGEND. BY ITS ACQUISITION HEREOF, THE HOLDER ALSO AGREES NOT TO ENGAGE IN ANY HEDGING TRANSACTIONS WITH RESPECT TO THE NOTES OR THE COMMON STOCK OF THE COMPANY UNLESS SUCH TRANSACTIONS ARE MADE IN
ACCORDANCE WITH THE SECURITIES ACT. 

  
 B-1

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