Document:

EX-10.18

 Exhibit 10.18 

Execution Version 

Bionomics Limited 
 BVF Partners L.P.

 Placement Agreement 
  

 
 

 
  
 Level 9, 211 Victoria Square 

ADELAIDE SA 5000 
 T +61 8 8239 7111 | F +61 8 8239 7100

 www.jws.com.au 
 SYDNEY | PERTH | MELBOURNE |
BRISBANE | ADELAIDE 
 Liability limited by a scheme approved under Professional Standards Legislation 

 

			
	 

	  	

  

 Contents 
  

							
	1	  	 Definitions and interpretation
	  	 	1	 
	1.1	  	 Definitions
	  	 	1	 
	1.2	  	 Interpretation
	  	 	3	 
	2	  	 Subscription for and issue of Placement Shares
	  	 	4	 
			
	3	  	 Completion
	  	 	4	 
	3.1	  	 Time and place
	  	 	4	 
	3.2	  	 Obligations of Purchaser
	  	 	4	 
	3.3	  	 Obligations of Company
	  	 	4	 
	3.4	  	 Simultaneous actions at Completion
	  	 	5	 
	4	  	 Obligations following issue of Placement Shares
	  	 	5	 
	4.1	  	 Cleansing Notice
	  	 	5	 
	4.2	  	 ASX Quotation
	  	 	5	 
	4.3	  	 Bound by constitution
	  	 	5	 
	4.4	  	 Holding statement
	  	 	5	 
	5	  	 Board representation
	  	 	5	 
			
	6	  	 Concurrent and follow on capital raising
	  	 	6	 
	6.1	  	 Additional placement
	  	 	6	 
	6.2	  	 Share purchase plan offer
	  	 	6	 
	7	  	 Warranties
	  	 	6	 
	7.1	  	 Company’s representations and warranties
	  	 	6	 
	7.2	  	 Purchaser’s representations and warranties
	  	 	9	 
	7.3	  	 When warranties given
	  	 	10	 
	7.4	  	 Separate warranties and survival
	  	 	10	 
	7.5	  	 No other warranties and no reliance
	  	 	10	 
	7.6	  	 Qualifications
	  	 	11	 
	7.7	  	 Time limit
	  	 	11	 
	7.8	  	 Caps
	  	 	11	 
	7.9	  	 Acknowledgment
	  	 	11	 
	7.10	  	 Benefit and burden
	  	 	11	 
	8	  	 Disposal restrictions
	  	 	11	 
	8.1	  	 Restrictions
	  	 	11	 
	8.2	  	 Exceptions to restrictions
	  	 	11	 
	9	  	 Announcements
	  	 	12	 
	9.1	  	 Announcement of the Placement
	  	 	12	 
	9.2	  	 Public announcements
	  	 	12	 
	10	  	 Confidentiality
	  	 	12	 
	10.1	  	 Mutual obligations
	  	 	12	 
	10.2	  	 Disclosure
	  	 	13	 
	11	  	 Miscellaneous
	  	 	13	 
	11.1	  	 No waiver
	  	 	13	 
	11.2	  	 Severance
	  	 	13	 
	11.3	  	 About this document
	  	 	13	 
	11.4	  	 Governing law and jurisdiction
	  	 	13	 
	11.5	  	 Costs
	  	 	13	 
	11.6	  	 Further acts
	  	 	13	 
	11.7	  	 Assignment
	  	 	14	 

  
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	  	Placement Agreement

  

  

					
	 11.8 No Merger

 
	  	 	14	 
	 12   Notices
	  	 	14	 
		
	 Annexure 1 – Application form
	  	 	16	 
		
	 Annexure 2 – Accredited Investor Questionnaire
	  	 	17	 
		
	 Execution
	  	 	22	 

			
	 

	  	

  

 Placement Agreement 

Date                 
                           9 November 2018 

Parties 
  

	1	 Bionomics Limited (ABN 53 075 582 740) (Company) 

Address:                     31
Dalgleish Street, Thebarton SA 5031 
  

	2	 BVF Partners L.P. (Purchaser) 

Address:                     30th Floor, 1 Sansome Street, San Francisco, California 94104 USA 
 Recitals 

 

	A	 The Company is listed on the ASX. 

 

	B	 The Company has agreed to issue, and BVF has agreed to subscribe for or procure subscriptions for, the
Placement Shares on and subject to the terms in this document. 

 Operative part 

 
  
  

	1	 Definitions and interpretation 

 

	1.1	 Definitions 

The following definitions apply in this document, unless the context requires otherwise. 

Application Form means an application form in the form of Annexure 1 of this document, or in such other form agreed between BVF
and the Company. 
 ASIC means the Australian Securities and Investments Commission. 

ASX means ASX Limited ABN 98 008 624 691 or, as the context requires, the securities market operated by it. 

Board means the board of directors of the Company. 

Business  Day means a day which is a “business day” under the Listing Rules. 

Claim means any claim, cost (including legal costs on a solicitor and client basis), damages, expenses, tax, liability, loss,
obligation, allegation, suit, demand, cause of action, proceeding or judgement of any kind however calculated or caused and whether direct or indirect, consequential, incidental or economic. 

Completion means completion of the issue of the Placement Shares in accordance with clause 3. 

Completion Date means 16 November 2018 or such other date agreed by the Company and BVF. 

Confidential Information means any of the business, commercial, financial or technical information of the party which was
provided by one party or its Representatives to the other in writing prior to the date of this document, and includes notes, records and copies made by a party or any of its Representatives of such information, but excludes information which is in
the public domain (other than as a result of a breach of this document by the relevant party). 

  
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	  	Placement Agreement

  

 Corporations Act means the Corporations Act 2001 (Cth), as modified by
any applicable ASIC class orders, ASIC legislative instruments or ASIC relief. 
 Equity Securities has the same meaning as
“equity securities” in the Listing Rules. 
 Government Agency means any governmental, semi-governmental, municipal
or statutory authority, instrumentality, organisation, body or delegate or administrative, monetary or financial authority, or self-regulatory organisation or stock exchange. 

A person is Insolvent if: 
  

	 	(a)	 it is (or states that it is) an insolvent under administration or insolvent (each as defined in the Corporations Act);

  

	 	(b)	 it has had a controller (as defined in the Corporations Act) appointed or is in liquidation or provisional
liquidation, under administration or wound up or has had a receiver or receiver and manager appointed to any part of its property; 

  

	 	(c)	 it is subject to any arrangement, assignment, moratorium or composition, protected from creditors under any statute or
dissolved (in each case, other than to carry out a reconstruction or amalgamation while solvent on terms approved by the other parties to this document); 

  

	 	(d)	 an application or order has been made, resolution passed, proposal put forward, or any other action taken, in each
case in connection with that person, which is preparatory to any event or circumstance referred to in subparagraph (a), (b) or (c) above occurring; 

  

	 	(e)	 it is taken (under section 459F(1)) to have failed to comply with a statutory demand; 

 

	 	(f)	 it is the subject of an event described in section 459C(2)(b) or section 585 (or it makes a statement from which
another party to this document reasonably deduces it is so subject); 

  

	 	(g)	 it is otherwise unable to pay its debts as and when they fall due; or 

 

	 	(h)	 something having a substantially similar effect to any event or circumstance referred to in subparagraphs (a) to
(g) above happens in connection with that person under the law of any jurisdiction. 

 Listing Rules means
the listing rules of ASX. 
 Merck Agreement means the agreement between the Company or any of its Related Bodies Corporate (on
the one hand) and Merck & Co, Inc. (or any of its Related Bodies Corporate or related entities) (on the other hand) dated 23 June 2014. 

Permitted Subscriber means any fund, limited partnership or entity in respect of which BVF, BVF Inc. or any of their respective
Related Bodies Corporate or related entities (or any entity which is controlled by the same person or persons who control BVF or BVF Inc.) acts as general partner and/or investment manager. 

Placement means the issue of the Placement Shares by the Company to BVF and the payment of the Subscription Amount by BVF to the
Company. 
 Placement Shares means 48, 097,158 Shares. 

Registry means Company’s registry, Computershare Investor Services Pty Ltd. 

  
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	  	Placement Agreement

  

 Related Body Corporate has the meaning given in the Corporations Act. 

Relevant Financing Agreement means a financing agreement or arrangement between the Company or any of its Related Bodies
Corporate (on the one hand) and Oxford Finance or Silicon Valley Bank (or any of their respective Related Bodies Corporate or related entities) (on the other hand). 

Representative of a party include an officer, employee, agent, auditor, adviser, financier (including syndicatees), insurance
broker, technical expert, partner, associate, consultant, joint venturer or sub-contractor of that party or a Related Body Corporate of that party. 

Shares means the fully paid ordinary shares in the capital of the Company. 

Subscription Amount means $7,873,505. 

Subscription Price means, for each Placement Share, $0.1637. 

US Persons has the meaning given to that term in Rule 902(k) under the US Securities Act. 

US Securities Act means the US Securities Act of 1933, as amended. 

 

	1.2	 Interpretation 

In this document, unless a contrary intention appears: 
  

	 	(a)	 words or expressions importing the singular include the plural and vice versa; 

 

	 	(b)	 words or expressions importing a gender include the other gender; 

 

	 	(c)	 words or expressions denoting individuals include corporations, firms, unincorporated bodies, government authorities
and instrumentalities; 

  

	 	(d)	 a reference to a party includes that party’s successors and permitted assigns; 

 

	 	(e)	 where a word or expression is defined or given meaning, another grammatical form has a corresponding meaning;

  

	 	(f)	 any heading, index, table of contents or marginal note is for convenience only and does not affect the interpretation
of this document; 

  

	 	(g)	 a provision of this document must not be construed to the disadvantage of a party merely because that party was
responsible for the preparation of this document or the inclusion of the provision in this document; 

  

	 	(h)	 a reference to this document or another document includes that document as amended, varied, novated, supplemented or
replaced from time to time; 

  

	 	(i)	 a reference to legislation or a provision of legislation includes: 

 

	 	(i)	 all regulations, orders or instruments issued under the legislation or provision; and 

 

	 	(ii)	 any modification, consolidation, amendment, re-enactment, replacement or
codification of such legislation or provision; 

  

	 	(j)	 any recitals, schedule or annexure form part of this document and have effect as if set out in full in the body of
this document; 

  

	 	(k)	 a reference to dollars or $ is a reference to Australian dollars; 

  
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	  	Placement Agreement

  

	 	(l)	 a reference to a payment in immediately available funds refers to cash, a bank cheque the drawer of which is an
Australian bank, a telegraphic transfer of cleared funds or a direct credit of cleared funds; and 

  

	 	(m)	 where an act would be required to be done, or a time limit or period would expire, on a day which is not a Business
Day, the act must be done, or the limit or period will expire, on the following Business Day. 

  

 
  

	2	 Subscription for and issue of Placement Shares 

 

	 	(a)	 On Completion, BVF must subscribe for or procure that Permitted Subscribers subscribe for the Placement Shares at the
Subscription Price and the Company must issue to each subscriber in clause 2(b) such number of Placement Shares that the subscriber has subscribed for, free from all encumbrances, on the terms and conditions set out in this document.

  

	 	(b)	 The subscribers for the Placement Shares will be: 

 

	 	(i)	 each person who is a Permitted Subscriber and who is named in an Application Form that has been completed, signed by
the Permitted Subscriber and given to the Company prior to the Completion Date; and 

  

	 	(ii)	 BVF, but only in respect of that number of Placement Shares (if any) which are not covered in Application Forms
received by the Company pursuant to clause 2(b)(i). 

  

	 	(c)	 If BVF is the subscriber of any or all of the Placement Shares, this document serves as an application by BVF for the
issue of the Placement Shares to BVF on Completion and accordingly it will not be necessary for BVF to provide a separate (additional) application or before the Completion Date. 

 

	 	(d)	 The consideration for the issue of all of the Placement Shares will be payment of the Subscription Amount by BVF
and/or the Permitted Subscribers. 

  
  

 

	3	 Completion 

  

	3.1	 Time and place 

Completion will take place on the Completion Date at such time and place as the parties may agree in writing, or failing agreement as
reasonably determined by the Company. 
  

	3.2	 Obligations of Purchaser 

On or before Completion, BVF must pay or procure the payment of the Subscription Amount to the Company in immediately available funds to
an account nominated by the Company for this purpose and deliver for itself and each Permitted Subscriber a completed accredited investor questionnaire attached hereto as Annexure 2. 

 

	3.3	 Obligations of Company 

On Completion, the Company must, subject to the performance of BVF’s obligations in clause 3.2: 

 

	 	(a)	 allot and issue the Placement Shares to each subscriber of Placement Shares; 

 

	 	(b)	 procure that the Registry promptly enters each subscriber of Placement Shares in the Company’s register as the
holder of the Placement Shares; and 

  
 4 

			
	 

	  	Placement Agreement

  

	 	(c)	 deliver an irrevocable instruction to the Registry to send to each subscriber of Placement Shares at their address set
out in clause 12 (in the case of BVF) or in their signed Application Form (in the case of each Permitted Subscriber) a holding statement for the holding of the Placement Shares in the name of the subscriber. 

 

	3.4	 Simultaneous actions at Completion 

 

	 	(a)	 The obligations of the parties under this document are interdependent and all actions required to be performed on or
at Completion will be taken to have occurred simultaneously on the Completion Date. 

  

	 	(b)	 No delivery or payment will be deemed to have been made at Completion until all deliveries and payments due to be made
at Completion have been made. 

  
  

 

	4	 Obligations following issue of Placement Shares 

 

	4.1	 Cleansing Notice 

As soon as practicable after the issue of the Placement Shares, but in any event within five Business Days after the Completion Date,
the Company must give to the ASX a notice which complies with section 708A(6) of the Corporations Act in relation to the Placement Shares. 
  

	4.2	 ASX Quotation 

As soon as practicable after the issue of the Placement Shares, but in any event within two Business Days after the Completion Date, the
Company must apply to ASX for official quotation of the Placement Shares on the ASX and do all things reasonably necessary to ensure that the Placement Shares are quoted as soon as practicable on such terms and conditions as are usual for the
quotation of securities. 
  

	4.3	 Bound by constitution 

BVF agrees to be bound by the constitution of the Company in respect of the Placement Shares that it subscribes for. 

 

	4.4	 Holding statement 

The Company must ensure that the holding statements described in clause 3.3(c) are delivered to the subscribers within 5 Business Days
after the Completion Date. 
  
  

 

	5	 Board representation 

 

	 	(a)	 Subject to clause 5(d), BVF may from time to time nominate one person to be appointed as a director of the Company
(BVF Nominee) by providing the Company with a written nomination, together with a written consent to act as a director of the Company. 

  

	 	(b)	 Where BVF has exercised its nomination right under clause 5(a) then the Company will procure that the Board resolves
to appoint the BVF Nominee as an additional director to the Board so that the appointment takes effect from a date no later than 3 Business Days after BVF has exercised its nomination right (subject to Completion occurring, and subject to the BVF
Nominee providing a consent to act and any other disclosures required by the Corporations Act or ASX Listing Rules). 

  

	 	(c)	 Subject to clause 5(e), the Company will ensure that the Board will support the nomination and re-election or appointment of the BVF Nominee at the next general meeting of the Company.  

  
 5 

			
	 

	  	Placement Agreement

  

	 	(d)	 BVF undertakes to comply with, and ensure that any BVF Nominee will comply with, the Nominee Protocol agreed with BVF
prior to the date of this document (Nominee Protocol). BVF will cause any BVF Nominee to acknowledge their agreement to the terms of the Nominee Protocol by signing the Nominee Protocol as a condition of their nomination.

  

	 	(e)	 If the BVF Nominee fails to be re-elected or appointed as a director of the
Company at the general meeting referred to in clause 5(c) or is otherwise removed from the Board, then clauses 5(a), 5(b) and 5(c) will apply from the date of removal of the BVF Nominee from the Board and will continue to apply until there is a BVF
Nominee appointed to the Board (provided that, if a resolution to re-elect or appoint a BVF Nominee is put to a general meeting of the Company, but the resolution is not passed, BVF must nominate a different
individual as the BVF Nominee in order for the Company’s obligations under clauses 5(a), 5(b) and 5(c) to continue to apply). 

  

	 	(f)	 Clauses 5(a), 5(b) and 5(c) and 5(e) will apply in respect of successive BVF Nominees, but those clauses cease to
apply if BVF and persons who come within the definition of Permitted Subscribers (BVF Parties) collectively have a beneficial interest in less than 15% of the Shares. If that occurs, BVF will procure that the BVF Nominee retires immediately.

  
  

 

	6	 Concurrent and follow on capital raising 

 

	6.1	 Additional placement 

 

	 	(a)	 BVF acknowledges that on or after the Completion Date, the Company may issue further shares to other Shareholders
pursuant to placements of up to 24,338,670 Shares at a price per Share which is equal to the Subscription Price. 

  

	 	(b)	 The Company agrees that any Shares which are offered to other Shareholders for issue under clause 6.1(a), but which
are not subscribed for by those other Shareholders, may be subscribed for by BVF or a Permitted Subscriber on the same terms and conditions as apply to the subscription of the Placement Shares under this document, subject to any such acquisition
complying with the Corporations Act. 

  

	 	(c)	 The Company must notify BVF as soon as practicable after the Shares referred to in clause 6.1(b) are not subscribed
for by the other Shareholders, so as to enable BVF to exercise its rights under clause 6.1(b). 

  

	6.2	 Share purchase plan offer 

BVF acknowledges that the Company may make a share purchase plan offer for up to 13, 883,466 Shares at a price of $0.155 cents per Share
which complies with the Corporations Act and the Listing Rules and is otherwise on customary terms and conditions. 
  

 
  

	7	 Warranties 

  

	7.1	 Company’s representations and warranties 

The Company represents and warrants to BVF and each Permitted Subscriber who subscribes for Placement Shares that: 

 

	 	(a)	 it is a corporation duly incorporated and validly existing under the laws of its place of incorporation;

  
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	  	Placement Agreement

  

	 	(b)	 it has the power to enter into and perform this document and has obtained all necessary consents and authorisations to
enable it to do so; 

  

	 	(c)	 this document constitutes valid and binding obligations upon it enforceable in accordance with its terms;

  

	 	(d)	 the agreement recorded in this document and the transactions contemplated by it do not conflict with or result in a
breach or default by it of any obligation (including any statutory, contractual or fiduciary obligation) or constitute or result in any default by it under any provision of its certificate of incorporation, bylaws or any material provision of any
agreement, deed, writ, order, injunction or judgment to which it is a party or is subject or by which it is bound; 

  

	 	(e)	 it is not Insolvent; 

  

	 	(f)	 it is admitted to the official list of the financial market operated by the ASX; 

 

	 	(g)	 upon issue, the Placement Shares will be duly and validly authorised and issued, will rank equally in all respects
with the then existing issued Shares and will be free from all competing rights (including pre-emptive rights or rights of first refusal), encumbrances and other third party rights; 

 

	 	(h)	 the issue of the Placement Shares will not breach Listing Rule 7.1 or any other Listing Rule; 

 

	 	(i)	 all the relevant requirements of section 708A of the Corporations Act (including section 708A(5)(e)) are fulfilled (or
will be fulfilled); 

  

	 	(j)	 upon issue of the notice referred to in clause 4.1, the Placement Shares will be freely tradeable and transferable;

  

	 	(k)	 all written information given with respect to the Company and its Related Bodies Corporate (including their respective
businesses and financial positions) by or on behalf of the Company to BVF before the date of this document is true, complete and accurate in all material respects and no misleading in any material particular, whether by inclusion of misleading
information or omission of material information or both;  

  

	 	(l)	 as far as the Company and each director of the Company is aware (after having made all reasonable enquiries including
with the Company’s management team), (i) none of the Company or any of its Related Bodies Corporate is in breach of any covenant or term of, or subject to any event of default under, any Relevant Financing Agreement, and (ii) there are no
existing circumstances which a reasonable person would expect will give rise to such a breach or event of default after the date of this document; 

  

	 	(m)	 there is (i) no existing or subsisting breach by the Company or any of its Related Bodies Corporate of any term
in any Merck Agreement, and (ii) there are no existing circumstances which a reasonable person would expect will give rise to such a breach after the date of this document; 

 

	 	(n)	 it has complied with its continuous disclosure requirements under the Listing Rules and is not aware of any
information that is excluded information which would be required to be disclosed pursuant to section 708A(5), other than market disclosures to be made by the Company in connection with execution of this document, the form and content of which have
been provided to BVF prior to the date of this document; 

  
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	  	Placement Agreement

  

	 	(o)	 the issued capital structure of the Company as at the date of this document is as follows: 

 

	 	(i)	 482,903,192 Shares; and 

  

	 	(ii)	 10,277,670 options over Shares and 25 warrants over Shares; 

and there are no other Equity Securities on issue; 
  

	 	(p)	 it will not issue any Shares, Shares or rights to acquire Shares or Shares prior to the earlier of the Completion Date
or termination of this document, without the consent of BVF other than: 

  

	 	(i)	 pursuant to clause 6; 

  

	 	(ii)	 an issue of or an agreement to issue securities pursuant to an employee incentive scheme in place as at the date of
this document; or 

  

	 	(iii)	 an issue of securities as a result of the conversion of any convertible securities (as that term is defined in the
Listing Rules) which are on issue at the date of this document; 

  

	 	(q)	 neither the Company, nor any person acting on its behalf, has engaged in any form of general solicitation or general
advertising (within the meaning of Regulation D) in connection with the offer or sale of the Placement Shares; 

  

	 	(r)	 neither the Company nor any person acting on its behalf has, directly or indirectly, made any offers or sales of any
security or solicited any offers to buy any security, under circumstances that would require registration of the issuance of any of the US Securities under the 1933 Act, whether through integration with prior offerings or otherwise, or cause this
offering of the Placement Shares to require approval of stockholders of the Company for purposes of any applicable stockholder approval provisions, including, without limitation, under the rules and regulations of any exchange or automated quotation
system on which any of the securities of the Company are listed or designated; and none of the Company nor any person acting on its behalf will take any action or steps referred to in this representation that would require registration of the
issuance of any of the Placement Shares under the US Securities Act or cause the offering of the Placement Shares to be integrated with other offerings for purposes of any such applicable stockholder approval provisions; 

 

	 	(s)	 with respect to the Placement Shares to be offered and sold hereunder in reliance on Rule 506 under the US Securities
Act, none of the Company, any of its predecessors, any affiliated issuer, any director, executive officer, other officer of the Company participating in the offering hereunder, any beneficial owner of 20% or more of the Company’s outstanding
voting equity securities, calculated on the basis of voting power, nor any promoter (as that term is defined in Rule 405 under the US Securities Act) connected with the Company in any capacity at the time of sale (each, an “Issuer Covered
Person” and, together, “Issuer Covered Persons”) is subject to any of the “Bad Actor” disqualifications described in Rule 506(d)(1)(i) to (viii) under the Securities Act (a “Disqualification Event”), except
for a Disqualification Event covered by Rule 506(d)(2) or (d)(3). The Company has exercised reasonable care to determine whether any Issuer Covered Person is subject to a Disqualification Event. The Company has complied, to the extent applicable,
with its disclosure obligations under Rule 506(e), and has furnished to the subscribers a copy of any disclosures provided thereunder. The Company is not aware of any person (other than any Issuer Covered Person) that has been or

  
 8 

			
	 

	  	Placement Agreement

  

	 	 
will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with the sale of any Securities. The Company will notify the subscribers in writing, prior to the
Completion Date of (i) any Disqualification Event relating to any Issuer Covered Person and (ii) any event that would, with the passage of time, reasonably be expected to become a Disqualification Event relating to any Issuer Covered
Person, in each case of which it is aware. 

  

	7.2	 Purchaser’s representations and warranties 

BVF represents and warrants to the Company that: 
  

	 	(a)	 BVF and each Permitted Subscriber who subscribes for Placement Shares is an entity duly incorporated or established
and validly existing under the laws of its place of incorporation or establishment; 

  

	 	(b)	 BVF and each Permitted Subscriber has the power to enter into and perform this document and has obtained all necessary
consents and authorisations to enable it to do so; 

  

	 	(c)	 this document constitutes valid and binding obligations upon it enforceable in accordance with its terms;

  

	 	(d)	 the agreement recorded in this document and the transactions contemplated by it do not conflict with or result in a
breach or default by it of any obligation (including any statutory, contractual or fiduciary obligation) or constitute or result in any default by it under any provision of its constitution or any material provision of any agreement, deed, writ,
order, injunction or judgment to which it is a party or is subject or by which it is bound; 

  

	 	(e)	 it is not Insolvent; 

  

	 	(f)	 it and each Permitted Subscriber who subscribes for Placement Shares is a is an “Accredited Investor” as
such term is defined in Rule 501(a) of Regulation D of the Securities and Exchange Commission promulgated pursuant to the US Securities Act and on or prior to the Completion Date will have delivered the accredited investor questionnaire attached
hereto as Annexure 2; 

  

	 	(g)	 it and each Permitted Subscriber who subscribes for Placement Shares is a sophisticated or professional investor (as
those terms are defined in Chapter 6D of the Corporations Act) or other person to whom an offer or issue of Shares can be made without a disclosure document under section 708 of the Corporations Act; 

 

	 	(h)	 the acquisition of Placement Shares by BVF and each Permitted Subscriber who subscribes for Placement Shares will not
involve a breach of any applicable law by BVF or a Permitted Subscriber; 

  

	 	(i)	 BVF and each Permitted Subscriber who subscribes for Placement Shares subscribes for them as principal and not for the
purposes of selling or transferring them or granting, issuing or transferring interests in or options or warrants over them to any other person; 

  

	 	(j)	 BVF and each Permitted Subscriber who subscribes for Placement Shares has made and relied upon its own assessment of
the Company and the Placement Shares; 

  

	 	(k)	 it and each Permitted Subscriber understands that the Placement Shares have not been registered under the US
Securities Act and that such securities are being offered and sold pursuant to an exemption from registration under the US 

  
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	  	Placement Agreement

  

	 	 
Securities Act. BVF further acknowledges and understands that such securities may not be resold or transferred except in a transaction registered under the US Securities Act (which BVF
acknowledges the Company has no obligation to do) or in a transaction exempt from, or not subject to, the registration requirements of the US Securities Act; 

 

	 	(l)	 it and each Permitted Subscriber has substantial experience in evaluating and investing in private placement
transactions of securities in companies similar to the Company so that it is capable of evaluating the merits and risks of its investment in the Company and has the capacity to protect its own interests; 

 

	 	(m)	 BVF and each Permitted Subscriber who subscribes for Placement Shares is acquiring the Placement Shares for its own
account and not with a view towards their distribution; 

  

	 	(n)	 it and each Permitted Subscriber is acquiring the Placement Shares for its own account and not with a view towards, or
for resale in connection with, the public sale or distribution thereof, except pursuant to sales registered or exempted under the US Securities Act; 

  

	 	(o)	 it and each Permitted Subscriber will not offer, sell, pledge, transfer or otherwise dispose of the Placement Shares
except: 

  

	 	(i)	 in an offshore transaction (as defined in Rule 902(h) under the US Securities Act), including in ordinary transactions
on the ASX; 

  

	 	(ii)	 in the United States to a “qualified institutional buyer” (as defined in and in reliance on Rule 144A under
the US Securities Act); or 

  

	 	(iii)	 pursuant to Rule 144 under the US Securities Act, if available, in each case in compliance with all applicable laws.

  

	7.3	 When warranties given 

The representations and warranties in clauses 7.1 and 7.2 are made as at the date of this document and as at the time immediately before
Completion. 
  

	7.4	 Separate warranties and survival 

Each representation and warranty in clauses 7.1 and 7.2 is to be treated as a separate representation and warranty and will survive
termination of this document. The interpretation of any representations and warranties will not be restricted by reference to or inference from any other representations and warranties. 

 

	7.5	 No other warranties and no reliance 

 

	 	(a)	 Each party acknowledges that the other party is entering into this document in reliance on the representations and
warranties in clauses 7.1 and 7.2 (as the case may be). 

  

	 	(b)	 Each party acknowledges that no other party (nor any person acting on that other party’s behalf) has made any
warranty, representation or other inducement to it to enter into this document, except for the warranties in clauses 7.1 and 7.2 (as the case may be). 

  

	 	(c)	 Each party acknowledges and confirms that it does not enter into this document in reliance on any warranty,
representation or other inducement by or on behalf of 

  
 10 

			
	 

	  	Placement Agreement

  

	 	 
any other party, except for the warranties in clauses 7.1 and 7.2 (as the case may be). 

  

	7.6	 Qualifications 

The Company does not make any representations or warranties that any estimates, projections, forecasts or other forward looking
information, if any, provided to BVF or any Permitted Subscriber is accurate or complete or will be achieved. 
  

	7.7	 Time limit 

No party: 
  

	 	(a)	 may make or bring a Claim for breach of a representation and warranty unless reasonable details of the Claim under
this document have been notified to BVF (in the case of a Claim by the Company) or the Company (in the case of a Claim by BVF) within 24 months of the Completion Date; and 

 

	 	(b)	 is liable for breach of a representation and warranty, and a Claim is not enforceable against it and is taken to have
been withdrawn, unless legal proceedings in connection with the Claim are commenced within 12 months after written notice of the Claim has been served on another party. 

 

	7.8	 Caps 

The maximum liability of each of the Company and the Purchaser for all breaches of the representations and warranties in this clause 6
is an amount equal to the Subscription Amount. 
  

	7.9	 Acknowledgment 

The Company acknowledges that it is not issuing the Placement Shares for the purpose of BVF or any Permitted Subscriber selling or
transferring all or any of the Placement Shares, or granting, issuing or transferring interests in, or options over, the Placement Shares. 
  

	7.10	 Benefit and burden 

BVF receives and holds the benefit of this clause 6 to the extent it relates to each Permitted Subscriber as trustee for each of them.
BVF will procure that each Permitted Subscriber complies with any provision of this document expressed as an obligation of a Permitted Subscriber. 
  

 
  

	8	 Disposal restrictions 

 

	8.1	 Restrictions 

Subject to clause 8.2, BVF and each Permitted Subscriber must not and must procure that each of its Representatives and Related Bodies
Corporate does not, for a period of 9 months from the date of this document (No Disposal Period) dispose of any Placement Shares or any relevant interest (as defined in the Corporations Act) in any Placement Shares. 

 

	8.2	 Exceptions to restrictions 

Clause 8.1 shall not apply: 
  

	 	(a)	 in any case where the Independent Directors of Bionomics have given their prior written consent. For the purpose of
this clause 8, “Independent Directors” means the directors of Bionomics from time to time who are not affiliated or associated with BVF or who has been nominated as a director by BVF or any Permitted

  
 11 

			
	 

	  	Placement Agreement

  

	 	 
Subscriber under this document or otherwise and includes any relevant independent board committee, that excludes any director affiliated or associated with BVF or who has been nominated as a
director by BVF or any Permitted Subscriber under this document or otherwise; 

  

	 	(b)	 in relation to a disposal in connection with a control transaction (being a takeover bid or scheme of arrangement
under which control of the Company may pass to a person or group of persons)) which has been recommended (and continues to be recommended) by the Independent Directors of the Company); 

 

	 	(c)	 where any representation or warranty given by the Company in clause 7.1 is not correct, or where the Company is in
breach of any term of this document and the incorrect representation or warranty or breach has or is reasonably likely to have a material adverse effect on the price or value any Placement Shares; 

 

	 	(d)	 where the Company or any of its Related Bodies Corporate is subject to an event of default under any Relevant
Financing Agreement; or 

  

	 	(e)	 where the Board has made a decision to commence a process to attempt to monetise Merck 375, or to approve such a
monetisation. If the Board makes such a decision, the Company must announce that decision to the market. 

  

 
  

	9	 Announcements 

  

	9.1	 Announcement of the Placement 

Immediately after the execution of this document, the Company will issue a public announcement to ASX regarding the Placement in
compliance with the Listing Rules and in a form agreed with BVF prior to the execution of this document. 
  

	9.2	 Public announcements 

 

	 	(a)	 Except as permitted under clause 9.1, no party may make any announcement concerning this document or the Placement
without the other party’s prior written approval, except where the announcement is required by law, the Listing Rules or any Government Agency. 

  

	 	(b)	 The parties must use all reasonable endeavours to participate constructively and promptly with respect to the
approvals and consultation contemplated by clauses 9.1 and 9.2(a). 

  

 
  

	10	 Confidentiality 

  

	10.1	 Mutual obligations 

 

	 	(a)	 Subject to clause 10.2, each party must treat as confidential and not disclose, and must procure that its
Representatives treat as confidential and not disclose the Confidential Information of the other party. 

  

	 	(b)	 Each party acknowledges and agrees that it will only disclose Confidential Information of the other party to those
Representatives of the Purchaser who are informed of the first party’s obligations under this clause 10 and agree to comply with such obligations as if they were the first party. 

 

	10.2	 Disclosure 

A party may disclose Confidential Information of the other party: 

  
 12 

			
	 

	  	Placement Agreement

  

	 	(a)	 as agreed between the parties; or 

 

	 	(b)	 if required by law or a Government Agency, the Listing Rules or the rules of or any other applicable stock exchange.

  
  

 

	11	 Miscellaneous 

  

	11.1	 No waiver 

A party waives a right under this document only by written notice that it waives that right. A waiver is limited to the specific
instance to which it relates and to the specific purpose for which it is given. 
  

	11.2	 Severance 

If a provision of this document would, but for this clause, be unenforceable: 

 

	 	(a)	 the provision will be read down to the extent necessary to avoid that result; and 

 

	 	(b)	 if the provision cannot be read down to that extent, it will be severed without affecting the validity and
enforceability of the remainder of this document. 

  

	11.3	 About this document 

 

	 	(a)	 This document records the entire agreement between the parties as to its subject matter. It supersedes all prior
contracts, obligations, representations, conduct and understandings. The agreement recorded in this document is immediately enforceable, subject to its own express terms. 

 

	 	(b)	 This document may be amended only by written agreement of all parties. 

 

	 	(c)	 This document may be executed in any number of counterparts, and by the parties in separate counterparts, but is not
effective until each party has executed at least one counterpart. 

  

	 	(d)	 Each counterpart of this document constitutes an original of this document but the counterparts together constitute
one and the same instrument. 

  

	11.4	 Governing law and jurisdiction 

 

	 	(a)	 The laws of South Australia govern this document. 

 

	 	(b)	 Each party irrevocably submits to the non-exclusive jurisdiction of the courts
of South Australia. 

  

	11.5	 Costs 

A party will bear its own costs in relation to the negotiation, preparation and execution of this document and any further document
required. 
  

	11.6	 Further acts 

The parties must do all things reasonably required to facilitate the performance of the transactions contemplated by this document. 

 

	11.7	 Assignment 

A party may not assign its rights under this document except with the prior written consent of each other party and any purported
assignment in contravention of this provision is void. 

  
 13 

			
	 

	  	Placement Agreement

  

	11.8	 No Merger 

The rights and obligations of the parties will not merge on completion of any transaction under this document. They will survive the
execution and delivery of any assignment or other document entered into for the purpose of implementing any transaction. 
  

 
  

	12	 Notices 

  

	 	(a)	 Any notice or other communication to be given under this document must be in writing (which includes email) or may be
sent by email in accordance with clause 12(b) and may be delivered or sent by post to the party to be served at, its address as follows: 

  

	 	(i)	 to the Company at: 

31 Dalgleish Street, Thebarton SA 5031, Australia 

Attention: Company Secretary 
  

	 	(ii)	 to BVF at: 

30th Floor, 1 Sansome Street, San Francisco, California 94104 USA 

Attention: Chief Operating Officer 

or at such other address as it may have notified to the other party in accordance with this clause 12. Any notice or other document
sent by post must be sent by prepaid first class airmail. 
  

	 	(b)	 Notices under this document may be sent by one party to the other party by use of email. Email notices must be sent:

  

	 	(i)	 for the Company: 

Email:    jmoschakis@bionomics.com.au 
  

	 	(ii)	 for BVF: 

Email:    kaye@bvflp.com 
 With a copy to Guy.Alexander@allens.com.au 

 

	 	(c)	 Any notice or other formal communication will be deemed to have been given and will be effective:

  

	 	(i)	 if delivered, at the time of delivery; 

 

	 	(ii)	 if posted, at 9:00 am (Adelaide time) on the fifth Business Day after it was put into post; or 

 

	 	(iii)	 if sent by email, on the date of transmission, if transmitted before 5:00 pm (Adelaide time) on any Business Day, and
in any other case on the Business Day following the date of transmission. 

  

	 	(d)	 In proving service of a notice or other formal communication, it will be sufficient to prove that delivery was made or
that the envelope containing the communication was properly addressed and posted by prepaid first class airmail and that the email was properly addressed and transmitted. 

  
 14 

			
	 

	  	Placement Agreement

  

 This clause 12 does not apply in relation to the service of any claim form, notice,
order, judgment or other document relating to or in connection with any proceedings, suit or action arising out of or in connection with this document. 

  
 15 

			
	APPLICATION FOR SHARES IN
	 BIONOMICS LIMITED (ACN 075 582 740) (“BIONOMICS”)

 

	 Name of applicant
	  	 Biotechnology Value Fund, L.P. (the “Applicant”)

		
	 Applicant’s address
	  	 44 Montgomery Street, 40th Floor, San Francisco, California 94104, United States of America

		
	 Number of shares applied for
	  	 24,030,599

		
	 Class of shares
	  	 Ordinary fully paid

		
	 Issue price per share
	  	 A$0.1637

  

	1.	 The Applicant applies for and authorises Bionomics to enter its name in the register of members for the number of
shares in Bionomics specified in this application. 

  

	2.	 The Applicant agrees to be bound by the constitution of Bionomics. 

 

	3.	 In consideration for Bionomics accepting this application and issuing the shares to the Applicant, the Applicant
agrees to be bound by the provisions of the Placement Agreement between Bionomics and BVF Partners LP dated on or about 9 November 2018 that are expressed to impose obligations on “Permitted Subscribers”. 

 

	
	Date: November 9, 2018

  

					
	Signed by Biotechnology Value Fund, L.P. in the presence of:
			
	/s/ James Kratky	 		 	/s/ Mark Lampert
	Witness signature	 		 	Authorised officer signature
			
	JAMES KRATKY, CCO	 		 	MARK LAMPERT 
PRESIDENT BVF INC, GP BVF PARTNERS L.P., ITSELF GP BIOTECHNOLOGY VALUE FUND, L.P.
	Witness full name 
(BLOCK LETTERS)	 		 	 Authorised officer full name and title (BLOCK

LETTERS)

			
	APPLICATION FOR SHARES IN
	 BIONOMICS LIMITED (ACN 075 582 740) (“BIONOMICS”)

 

	 Name of applicant
	  	 Biotechnology Value Fund II, L.P. (the
“Applicant”)

		
	 Applicant’s address
	  	 44 Montgomery Street, 40th Floor, San Francisco, California 94104, United States of America

		
	 Number of shares applied for
	  	 18,013,661

		
	 Class of shares
	  	 Ordinary fully paid

		
	 Issue price per share
	  	 A$0.1637

  

	1.	 The Applicant applies for and authorises Bionomics to enter its name in the register of members for the number of
shares in Bionomics specified in this application. 

  

	2.	 The Applicant agrees to be bound by the constitution of Bionomics. 

 

	3.	 In consideration for Bionomics accepting this application and issuing the shares to the Applicant, the Applicant
agrees to be bound by the provisions of the Placement Agreement between Bionomics and BVF Partners LP dated on or about 9 November 2018 that are expressed to impose obligations on “Permitted Subscribers”. 

 

	
	Date: November 9, 2018

  

					
	 Signed by Biotechnology Value Fund II, L.P. in the presence of:

			
	/s/ James Kratky	 		 	/s/ Mark Lampert
	Witness signature	 		 	Authorised officer signature
			
	JAMES KRATKY, CCO	 		 	MARK LAMPERT 
PRESIDENT BVF INC., GP BVF PARTNERS L.P., ITSELF GP BIOTECHNOLOGY VALUE FUND II, L.P.
	Witness full name 
(BLOCK LETTERS)	 		 	 Authorised officer full name and title (BLOCK

LETTERS)

			
	APPLICATION FOR SHARES IN
	 BIONOMICS LIMITED (ACN 075 582 740) (“BIONOMICS”)

 

	 Name of applicant
	  	 Biotechnology Value Trading Fund OS, L.P. (the
“Applicant”)

		
	 Applicant’s address
	  	 PO Box 309. Ugland House, Grand Cayman, KY1-1104, Cayman Islands

		
	 Number of shares applied for
	  	 3,149,304

		
	 Class of shares
	  	 Ordinary fully paid

		
	 Issue price per share
	  	 A$0.1637

  

	1.	 The Applicant applies for and authorises Bionomics to enter its name in the register of members for the number of
shares in Bionomics specified in this application. 

  

	2.	 The Applicant agrees to be bound by the constitution of Bionomics. 

 

	3.	 In consideration for Bionomics accepting this application and issuing the shares to the Applicant, the Applicant
agrees to be bound by the provisions of the Placement Agreement between Bionomics and BVF Partners LP dated on or about 9 November 2018 that are expressed to impose obligations on “Permitted Subscribers”. 

 

	
	Date: November 9, 2018

  

					
	 Signed by Biotechnology Value Trading Fund OS, L.P. in the presence of:

			
	/s/ James Kratky	 		 	/s/ Mark Lampert
	Witness signature	 		 	Authorised officer signature
			
	JAMES KRATKY, CCO	 		 	MARK LAMPERT 
PRESIDENT BVF INC., GP BVF PARTNERS L.P., ITSELF SOLE MEMBER BVF PARTNERS OS LTD., ITSELF GP BIOTECHNOLOGY VALUE TRADING FUND OS, L.P
	Witness full name 
(BLOCK LETTERS)	 		 	 Authorised officer full name and title (BLOCK

LETTERS)

			
	APPLICATION FOR SHARES IN
	 BIONOMICS LIMITED (ACN 075 582 740) (“BIONOMICS”)

 

	 Name of applicant
	  	 MSI BVF SPV, LLC (the “Applicant”)

		
	 Applicant’s address
	  	 c/o Magnitude Capital, L.L.C., 200 Park Avenue, 56th Floor, New York, NY 10166, United States of America

		
	 Number of shares applied for
	  	 2,903,594

		
	 Class of shares
	  	 Ordinary fully paid

		
	 Issue price per share
	  	 A$0.1637

  

	1.	 The Applicant applies for and authorises Bionomics to enter its name in the register of members for the number of
shares in Bionomics specified in this application. 

  

	2.	 The Applicant agrees to be bound by the constitution of Bionomics. 

 

	3.	 In consideration for Bionomics accepting this application and issuing the shares to the Applicant, the Applicant
agrees to be bound by the provisions of the Placement Agreement between Bionomics and BVF Partners LP dated on or about 9 November 2018 that are expressed to impose obligations on “Permitted Subscribers”. 

 

	
	Date: November 9, 2018

  

					
	 Signed by MSI BVF SPV, LLC in the presence of:

			
	/s/ James Kratky	 		 	/s/ Mark Lampert
	Witness signature	 		 	Authorised officer signature
			
	JAMES KRATKY	 		 	MARK LAMPERT 
PRESIDENT BVF INC., GP BVF PARTNERS, L.P., ITSELF ATTORNEY-IN-FACT MSI BVF SPV,
L.L.C.
	Witness full name 
(BLOCK LETTERS)	 		 	 Authorised officer full name and title (BLOCK

LETTERS)

			
	APPLICATION FOR SHARES IN
	 BIONOMICS LIMITED (ACN 075 582 740) (“BIONOMICS”)

 

	 Name of applicant
	  	 Biotechnology Value Fund, L.P. (the “Applicant”)

		
	 Applicant’s address
	  	 44 Montgomery Street, 40th Floor, San Francisco, California 94104, United States of America

		
	 Number of shares applied for
	  	 6,031,777

		
	 Class of shares
	  	 Ordinary fully paid

		
	 Issue price per share
	  	 A$0.1637

  

	1.	 The Applicant applies for and authorises Bionomics to enter its name in the register of members for the number of
shares in Bionomics specified in this application. 

  

	2.	 The Applicant agrees to be bound by the constitution of Bionomics. 

 

	3.	 In consideration for Bionomics accepting this application and issuing the shares to the Applicant, the Applicant
agrees to be bound by the provisions of the Placement Agreement between Bionomics and BVF Partners LP dated on or about 9 November 2018 that are expressed to impose obligations on “Permitted Subscribers”. 

Date: November 13, 2018 
  

					
	Signed by Biotechnology Value Fund, L.P. in the presence of:
			
	/s/ James Kratky	 		 	/s/ Mark Lampert
	Witness signature	 		 	Authorised officer signature
			
	JAMES KRATKY, CCO	 		 	MARK LAMPERT 
PRESIDENT BVF INC, GP BVF PARTNERS L.P., ITELF GP BIOTECHNOLOGY VALUE FUND, L.P.
	Witness full name 
(BLOCK LETTERS)	 		 	Authorised officer full name and title (BLOCK LETTERS)

			
	APPLICATION FOR SHARES IN
	 BIONOMICS LIMITED (ACN 075 582 740) (“BIONOMICS”)

 

	 Name of applicant
	  	 Biotechnology Value Fund II, L.P. (the “Applicant”)

		
	 Applicant’s address
	  	 44 Montgomery Street, 40th Floor, San Francisco, California 94104, United States of America

		
	 Number of shares applied for
	  	 4,521,501

		
	 Class of shares
	  	 Ordinary fully paid

		
	 Issue price per share
	  	 A$0.1637

  

	1.	 The Applicant applies for and authorises Bionomics to enter its name in the register of members for the number of
shares in Bionomics specified in this application. 

  

	2.	 The Applicant agrees to be bound by the constitution of Bionomics. 

 

	3.	 In consideration for Bionomics accepting this application and issuing the shares to the Applicant, the Applicant
agrees to be bound by the provisions of the Placement Agreement between Bionomics and BVF Partners LP dated on or about 9 November 2018 that are expressed to impose obligations on “Permitted Subscribers”. 

Date: November 13, 2018 
  

					
	Signed by Biotechnology Value Fund II, L.P. in the presence of:
			
	 /s/ James Kratky
	 		 	 /s/ Mark Lampert

	 Witness signature
	 		 	 Authorised officer signature

			
	 JAMES KRATKY, CCO
	 		 	 MARK LAMPERT 
PRESIDENT BVF INC., GP BVF PARTNERS L.P., ITSELF GP BIOTECHNOLOGY VALUE FUND II,
L.P.

	 Witness full name 
(BLOCK LETTERS)
	 		 	 Authorised officer full name and title (BLOCK LETTERS)

			
	APPLICATION FOR SHARES IN
	 BIONOMICS LIMITED (ACN 075 582 740) (“BIONOMICS”)

 

	 Name of applicant
	  	 Biotechnology Value Trading Fund OS, L.P. (the “Applicant”)

		
	 Applicant’s address
	  	 PO Box 309. Ugland House, Grand Cayman, KY1-1104, Cayman Islands

		
	 Number of shares applied for
	  	 790,488

		
	 Class of shares
	  	 Ordinary fully paid

		
	 Issue price per share
	  	 A$0.1637

  

	1.	 The Applicant applies for and authorises Bionomics to enter its name in the register of members for the number of
shares in Bionomics specified in this application. 

  

	2.	 The Applicant agrees to be bound by the constitution of Bionomics. 

 

	3.	 In consideration for Bionomics accepting this application and issuing the shares to the Applicant, the Applicant
agrees to be bound by the provisions of the Placement Agreement between Bionomics and BVF Partners LP dated on or about 9 November 2018 that are expressed to impose obligations on “Permitted Subscribers”. 

Date: November 13, 2018 
  

					
	Signed by Biotechnology Value Trading Fund OS, L.P. in the presence of:
			
	 /s/ James Kratky
	 		 	 /s/ Mark Lampert

	 Witness signature
	 		 	 Authorised officer signature

			
	 JAMES KRATKY, CCO
	 		 	 MARK LAMPERT 
PRESIDENT BVF INC., GP BVF PARTNERS L.P., ITSELF SOLE MEMBER BVF PARTNERS OS LTD., ITSELF GP
BIOTECHNOLOGY VALUE TRADING FUND OS, L.P.

	 Witness full name 
(BLOCK LETTERS)
	 		 	 Authorised officer full name and title (BLOCK LETTERS)

			
	APPLICATION FOR SHARES IN
	 BIONOMICS LIMITED (ACN 075 582 740) (“BIONOMICS”)

 

	 Name of applicant
	  	 MSI BVF SPV, LLC (the “Applicant”)

		
	 Applicant’s address
	  	 c/o Magnitude Capital, L.L.C., 200 Park Avenue, 56th Floor, New York, NY 10166, United States of America

		
	 Number of shares applied for
	  	 728,814

		
	 Class of shares
	  	 Ordinary fully paid

		
	 Issue price per share
	  	 A$0.1637

  

	1.	 The Applicant applies for and authorises Bionomics to enter its name in the register of members for the number of
shares in Bionomics specified in this application. 

  

	2.	 The Applicant agrees to be bound by the constitution of Bionomics. 

 

	3.	 In consideration for Bionomics accepting this application and issuing the shares to the Applicant, the Applicant
agrees to be bound by the provisions of the Placement Agreement between Bionomics and BVF Partners LP dated on or about 9 November 2018 that are expressed to impose obligations on “Permitted Subscribers”. 

Date: November 13, 2018 
  

					
	 Signed by MSI BVF SPV, LLC in the presence of:

			
	 /s/ James Kratky
	 		 	 /s/ Mark Lampert

	 Witness signature
	 		 	 Authorised officer signature

			
	 JAMES KRATKY
	 		 	 MARK LAMPERT 
PRESIDENT BVF INC., GP BVF PARTNERS, L.P., ITSELF ATTORNEY-IN-FACT MSI BVF SPV, L.L.C.

	 Witness full name 
(BLOCK LETTERS)
	 		 	 Authorised officer full name and title (BLOCK LETTERS)

			
	 

	  	Placement Agreement

  

 Execution 

    EXECUTED as an agreement 
  

					
	  Signed by Bionomics Limited in the presence
 of:

 
 /s/ Jack Moschakis
	 		 	 /s/ Errol De Souza

	 Witness signature

 
 Jack Moschakis
	 		 	 Authorised officer signature

 
 Errol De Souza

	 Witness full name

(BLOCK LETTERS)
	 		 	 Authorised officer full name and title

(BLOCK LETTERS)

  

					
	  Signed by BVF Partners, L.P. in the
 presence of:

 
 /s/ James Kratky
	 		 	/s/ Mark Lampert
	 Witness signature
	 		 	Authorised officer signature
			
	JAMES KRATKY, CCO	 		 	MARK LAMPERT PRESIDENT BVF INC. GENERAL PARTNER BVF PARTNERS L.P., ITSELF GENERAL PARTNER OF BIOTECHNOLOGY VALUE FUND, L.P. AND BIOTECHNOLOGY VALUE FUND II, L.P., SOLE MEMBER OF BVF PARTNERS OS LTD., ITSELF GENERAL PARTNER OF
BIOTECHNOLOGY TRADING FUND OS, L.P. AND ATTORNEY-IN-FACT FOR MSI BVF SPV, L.L.C.
	 Witness full name

(BLOCK LETTERS)
	 		 	 Authorised officer full name and title

(BLOCK LETTERS)

  
 24EX-4.1

 Exhibit 4.1 

Execution Version 
  

 
 CONTINENTAL
RESOURCES, INC., as Issuer, 
 the Guarantors party hereto 

and 
 WILMINGTON TRUST,
NATIONAL ASSOCIATION, as Trustee 
  
  

INDENTURE 
 Dated as of
November 22, 2021 
  
  

2.268% Senior Notes due 2026 

2.875% Senior Notes due 2032 
  

 

 TABLE OF CONTENTS 

 

							
	 	    	 	  	PAGE	 
	 ARTICLE ONE DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	 
			
	 Section 1.01.
	    	Definitions	  	 	1	 
	 Section 1.02.
	    	Other Definitions	  	 	20	 
	 Section 1.03.
	    	Trust Indenture Act	  	 	21	 
	 Section 1.04.
	    	Rules of Construction	  	 	21	 
		
	 ARTICLE TWO THE NOTES
	  	 	22	 
			
	 Section 2.01.
	    	Form And Dating	  	 	22	 
	 Section 2.02.
	    	Execution and Authentication	  	 	23	 
	 Section 2.03.
	    	Methods of Receiving Payments on the Notes	  	 	24	 
	 Section 2.04.
	    	Registrar and Paying Agent	  	 	24	 
	 Section 2.05.
	    	Paying Agent to Hold Money in Trust	  	 	24	 
	 Section 2.06.
	    	Holder Lists	  	 	25	 
	 Section 2.07.
	    	Transfer and Exchange	  	 	25	 
	 Section 2.08.
	    	Replacement Notes	  	 	37	 
	 Section 2.09.
	    	Outstanding Notes	  	 	37	 
	 Section 2.10.
	    	Treasury Notes	  	 	38	 
	 Section 2.11.
	    	Temporary Notes	  	 	38	 
	 Section 2.12.
	    	Cancellation	  	 	38	 
	 Section 2.13.
	    	Defaulted Interest	  	 	38	 
	 Section 2.14.
	    	CUSIP Numbers	  	 	39	 
	 Section 2.15.
	    	Issuance of Additional Notes	  	 	39	 
		
	 ARTICLE THREE REDEMPTION AND PREPAYMENT
	  	 	40	 
			
	 Section 3.01.
	    	Notice to Trustee	  	 	40	 
	 Section 3.02.
	    	Selection of Notes to Be Redeemed	  	 	40	 
	 Section 3.03.
	    	Notice of Redemption	  	 	40	 
	 Section 3.04.
	    	Effect of Notice of Redemption	  	 	41	 
	 Section 3.05.
	    	Deposit of Redemption Price	  	 	42	 
	 Section 3.06.
	    	Notes Redeemed in Part	  	 	42	 
	 Section 3.07.
	    	Optional Redemption	  	 	42	 
	 Section 3.08.
	    	Mandatory Redemption	  	 	43	 
	 Section 3.09.
	    	Application of Trust Money	  	 	43	 
		
	 ARTICLE FOUR COVENANTS
	  	 	43	 
			
	 Section 4.01.
	    	Payment of Notes	  	 	43	 
	 Section 4.02.
	    	Maintenance of Office or Agency	  	 	44	 
	 Section 4.03.
	    	Reports	  	 	44	 
	 Section 4.04.
	    	Compliance Certificate	  	 	45	 

  
 i 

							
	 Section 4.05.
	    	Taxes	  	 	45	 
	 Section 4.06.
	    	Stay, Extension and Usury Laws	  	 	45	 
	 Section 4.07.
	    	Liens Securing Funded Debt	  	 	46	 
	 Section 4.08.
	    	Issuances of Guarantees by Restricted Subsidiaries	  	 	46	 
	 Section 4.09.
	    	Sale Leaseback Transactions	  	 	46	 
	 Section 4.10.
	    	Unrestricted Subsidiaries	  	 	50	 
	 Section 4.11.
	    	Offer to Repurchase Upon a Change of Control	  	 	51	 
	 Section 4.12.
	    	Corporate Existence	  	 	54	 
		
	 ARTICLE FIVE SUCCESSORS
	  	 	55	 
			
	 Section 5.01.
	    	Consolidation, Merger and Sale of Assets	  	 	55	 
		
	 ARTICLE SIX DEFAULTS AND REMEDIES
	  	 	56	 
			
	 Section 6.01.
	    	Events of Default	  	 	56	 
	 Section 6.02.
	    	Acceleration	  	 	57	 
	 Section 6.03.
	    	Other Remedies	  	 	58	 
	 Section 6.04.
	    	Waiver of Past Defaults	  	 	59	 
	 Section 6.05.
	    	Control by Majority	  	 	59	 
	 Section 6.06.
	    	Limitation on Suits	  	 	59	 
	 Section 6.07.
	    	Rights of Holders of Notes to Receive Payment	  	 	60	 
	 Section 6.08.
	    	Collection Suit by Trustee	  	 	60	 
	 Section 6.09.
	    	Trustee May File Proofs of Claim	  	 	60	 
	 Section 6.10.
	    	Priorities	  	 	61	 
	 Section 6.11.
	    	Undertaking for Costs	  	 	61	 
		
	 ARTICLE SEVEN TRUSTEE
	  	 	61	 
			
	 Section 7.01.
	    	Duties of Trustee	  	 	61	 
	 Section 7.02.
	    	Certain Rights of Trustee	  	 	62	 
	 Section 7.03.
	    	Individual Rights of Trustee	  	 	64	 
	 Section 7.04.
	    	Trustee’s Disclaimer	  	 	64	 
	 Section 7.05.
	    	Notice of Default	  	 	64	 
	 Section 7.06.
	    	[Reserved]	  	 	64	 
	 Section 7.07.
	    	Compensation and Indemnity	  	 	65	 
	 Section 7.08.
	    	Replacement of Trustee	  	 	65	 
	 Section 7.09.
	    	Successor Trustee by Merger, Etc.	  	 	66	 
	 Section 7.10.
	    	Eligibility; Disqualification	  	 	67	 
		
	 ARTICLE EIGHT DEFEASANCE AND COVENANT DEFEASANCE
	  	 	67	 
			
	 Section 8.01.
	    	Option to Effect Legal Defeasance or Covenant Defeasance	  	 	67	 
	 Section 8.02.
	    	Legal Defeasance and Discharge	  	 	67	 
	 Section 8.03.
	    	Covenant Defeasance	  	 	68	 

  
 ii 

							
	 Section 8.04.
	    	Conditions to Legal Defeasance or Covenant Defeasance	  	 	68	 
	 Section 8.05.
	    	Deposited Money and U.S. Government Securities to Be Held in Trust; Other Miscellaneous Provisions	  	 	69	 
	 Section 8.06.
	    	Repayment to the Company	  	 	70	 
	 Section 8.07.
	    	Reinstatement	  	 	70	 
		
	 ARTICLE NINE AMENDMENT, SUPPLEMENT AND WAIVER
	  	 	71	 
			
	 Section 9.01.
	    	Without Consent of Holders of Notes	  	 	71	 
	 Section 9.02.
	    	With Consent of Holders of Notes	  	 	72	 
	 Section 9.03.
	    	[Reserved]	  	 	73	 
	 Section 9.04.
	    	Revocation and Effect of Consents	  	 	73	 
	 Section 9.05.
	    	Notation on or Exchange of Notes	  	 	73	 
	 Section 9.06.
	    	Trustee to Sign Amendments, Etc.	  	 	73	 
		
	 ARTICLE TEN GUARANTEES
	  	 	74	 
			
	 Section 10.01.
	    	Guarantee	  	 	74	 
	 Section 10.02.
	    	Limitation on Guarantor Liability	  	 	75	 
	 Section 10.03.
	    	Execution and Delivery of Notation of Guarantee	  	 	75	 
	 Section 10.04.
	    	Releases of Guarantors	  	 	76	 
		
	 ARTICLE ELEVEN SATISFACTION AND DISCHARGE
	  	 	77	 
			
	 Section 11.01.
	    	Satisfaction and Discharge	  	 	77	 
	 Section 11.02.
	    	Deposited Money and U.S. Government Securities to Be Held in Trust; Other Miscellaneous Provisions	  	 	78	 
	 Section 11.03.
	    	Repayment to the Company	  	 	78	 
		
	 ARTICLE TWELVE MISCELLANEOUS
	  	 	78	 
			
	 Section 12.01.
	    	No Adverse Interpretation of Other Agreements	  	 	78	 
	 Section 12.02.
	    	Notices	  	 	78	 
	 Section 12.03.
	    	[Reserved]	  	 	79	 
	 Section 12.04.
	    	Certificate and Opinion as to Conditions Precedent	  	 	80	 
	 Section 12.05.
	    	Statements Required in Certificate or Opinion	  	 	80	 
	 Section 12.06.
	    	Rules by Trustee and Agents	  	 	80	 
	 Section 12.07.
	    	No Personal Liability of Directors, Officers, Employees and Stockholders	  	 	80	 
	 Section 12.08.
	    	Governing Law	  	 	81	 
	 Section 12.09.
	    	Consent to Jurisdiction	  	 	81	 
	 Section 12.10.
	    	[Reserved]	  	 	81	 
	 Section 12.11.
	    	Successors	  	 	81	 

  
 iii 

							
	 Section 12.12.
	    	Severability	  	 	81	 
	 Section 12.13.
	    	Entire Agreement	  	 	81	 
	 Section 12.14.
	    	Counterpart Originals	  	 	82	 
	 Section 12.15.
	    	Acts of Holders	  	 	82	 
	 Section 12.16.
	    	Benefit of Indenture	  	 	83	 
	 Section 12.17.
	    	Table of Contents, Headings, Etc.	  	 	83	 
	 Section 12.18.
	    	Force Majeure	  	 	83	 
	 Section 12.19.
	    	U.S.A. Patriot Act	  	 	84	 

  
 iv 

 EXHIBITS 
  

			
	Exhibit A	    	Form of Note
	Exhibit B	    	Form of Certificate of Transfer
	Exhibit C	    	Form of Certificate of Exchange
	Exhibit D	    	Form of Notation of Guarantee
	Exhibit E	    	Form of Guarantor Supplemental Indenture

  
 v 

 INDENTURE (this “Indenture”), dated as of November 22, 2021, among
Continental Resources, Inc., an Oklahoma corporation (the “Company”), the Initial Guarantors (as defined below) and Wilmington Trust, National Association (a national banking association), as trustee (the
“Trustee”). 
 The Company, the Initial Guarantors and the Trustee agree as follows for the benefit of each other and for
the equal and ratable benefit of the Holders (as defined below) of the Company’s 2.268% Senior Notes due 2026 (the “2026 Notes”) and 2.875% Senior Notes due 2032 (the “2032 Notes”, and together with the 2026
Notes, the “Notes”), as in this Indenture provided: 
 ARTICLE ONE 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01. Definitions. 

“144A Global Note” means one or more global notes each evidencing all or part of a series of Notes, each substantially in the
form of Exhibit A hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee for such series, that collectively
shall be initially issued in a denomination equal to the outstanding principal amount of the Notes of such series sold in reliance on Rule 144A. 

“2026 Notes” has the meaning stated in the second paragraph of this Indenture and more particularly means the Initial Notes
issued in respect of such series of Notes. 
 “2032 Notes” has the meaning stated in the second paragraph of this Indenture
and more particularly means the Initial Notes issued in respect of such series of Notes. 
 “Acquired Debt” means
Indebtedness of a Person (1) existing at the time such Person becomes a Restricted Subsidiary or (2) assumed in connection with the acquisition of assets from such Person, in each case, other than Indebtedness incurred in connection with,
or in contemplation of, such Person becoming a Restricted Subsidiary or such acquisition, as the case may be. Acquired Debt shall be deemed to be incurred on the date of the related acquisition of assets from any Person or the date the acquired
Person becomes a Restricted Subsidiary, as the case may be. 
 “Additional Notes” means any further Notes of either series
(other than the Initial Notes of such series issued on the date of this Indenture) issued under this Indenture in accordance with the terms of this Indenture, including Sections 2.01(e), 2.02 and 2.15, as part of the same series as the Initial
Notes of such series issued on the date of this Indenture, ranking equally with those Initial Notes and having identical terms to the Initial Notes of such series (in all respects other than (a) the date of issuance, (b) the issue price,
(c) at the option of the Company, as to the payment of interest accruing prior to the issue date of such Additional Notes, and (d) the first payment of interest following the issue date of such Additional Notes), subject to compliance with
Article Two. The Initial Notes of a series and any Additional Notes of such series subsequently issued under this Indenture shall be treated as a single class of securities for all purposes under this Indenture, including, without limitation,
directions, waivers, amendments, consents, redemptions and offers to purchase. 
  

 “Adjusted Consolidated Net Tangible Assets” means (without duplication), as
of the date of determination: 
 (i) the sum of: 

(a) discounted future net revenues from proved oil and gas reserves of the Company and its Restricted Subsidiaries calculated
in accordance with Commission guidelines before any state, federal or foreign income taxes, as estimated by the Company in a reserve report prepared as of the end of the Company’s most recently completed fiscal year for which audited financial
statements are then available, as increased by, as of the date of determination, the estimated discounted future net revenues from (1) estimated proved oil and gas reserves acquired since such year-end,
which reserves were not reflected in such year-end reserve report, and (2) estimated increases in proved oil and gas reserves since such year-end due to
exploration, development or exploitation activities or due to changes in geological conditions or other factors which would, in accordance with standard industry practice, cause such revisions, in each case calculated in accordance with Commission
guidelines (utilizing the prices utilized in such year-end reserve report), and decreased by, as of the date of determination, the estimated discounted future net revenues from (3) estimated proved oil
and gas reserves reflected in such year-end report produced or disposed of since such year-end and (4) estimated oil and gas reserves attributable to downward
revisions of estimates of proved oil and gas reserves since such year-end due to changes in geological conditions or other factors which would, in accordance with standard industry practice, cause such
revisions, in each case calculated in accordance with Commission guidelines (utilizing the prices utilized in such year-end reserve report); provided that, in the case of each of the determinations made
pursuant to clauses (1) through (4), such increases and decreases shall be as estimated by the Company’s petroleum engineers; plus 

(b) the Net Working Capital on a date no earlier than the date of the Company’s latest annual or quarterly financial
statements; plus 
 (c) the greater of (1) the net book value on a date no earlier than the date of the Company’s
latest annual or quarterly financial statements and (2) the appraised value, as estimated by independent appraisers, of other tangible assets (including, without duplication, Investments in unconsolidated Restricted Subsidiaries) of the Company
and its Restricted Subsidiaries, as of the date no earlier than the date of the Company’s latest audited financial statements (provided that the Company shall not be required to obtain such appraisal of such assets if no such appraisal
has been performed); 
 minus (ii) the sum of: 

(a) minority interests; plus 

(b) any net gas balancing liabilities of the Company and its Restricted Subsidiaries reflected in the Company’s latest
annual or quarterly financial statements (to the extent not deducted in calculating Net Working Capital in accordance with clause (i)(b) of this definition); plus 

  
 2 

 (c) to the extent included in (i)(a) above, the discounted future net
revenues, calculated in accordance with Commission guidelines (utilizing the prices utilized in the Company’s year-end reserve report), attributable to reserves which are required to be delivered to third
parties to fully satisfy the obligations of the Company and its Restricted Subsidiaries with respect to Volumetric Production Payments (determined, if applicable, using the schedules specified with respect thereto); plus 

(d) the discounted future net revenues, calculated in accordance with Commission guidelines, attributable to reserves subject
to Dollar-Denominated Production Payments which, based on the estimates of production and price assumptions included in determining the discounted future net revenues specified in (i)(a) above, would be necessary to fully satisfy the payment
obligations of the Company and its Restricted Subsidiaries with respect to Dollar-Denominated Production Payments (determined, if applicable, using the schedules specified with respect thereto). 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under
direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person,
directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 

“Agent” means any Registrar or Paying Agent. 

“Applicable Procedures” means, with respect to any transfer or exchange of or for beneficial interests in any Global Note,
the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange. 
 “Attributable
Indebtedness” means, with respect to any particular lease under which any Person is at the time liable and at any date as of which the amount thereof is to be determined, the present value of the total net amount of rent required to be paid
by such Person under the lease during the primary term thereof, without giving effect to any renewals at the option of the lessee, discounted from the respective due dates thereof to such date at the rate of interest per annum implicit in the terms
of the lease. As used in the preceding sentence, the “net amount of rent” 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 which is terminable by the lessee upon payment of a penalty, such
net amount of rent 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. 

“Bankruptcy Law” means Title 11, United States Bankruptcy Code of 1978, as amended, or any similar United States federal or
state law or foreign law relating to bankruptcy, insolvency, receivership, winding up, liquidation, reorganization or relief of debtors or any amendment to, succession to or change in any such law. 

  
 3 

 “Below Investment Grade Rating Event” with respect to a series of Notes,
means the Notes of such series are unrated or rated below Investment Grade by at least two Rating Agencies on any date of the public notice of an arrangement that could result in a Change in Control until the end of the 60-day period following
public notice of the occurrence of a Change of Control (which period shall be extended so long as the rating of the Notes of such series is under publicly announced consideration for possible downgrade by at least two of the Rating Agencies);
provided, however, a Below Investment Grade Rating Event will be cured and deemed not to have occurred (and thus shall not be deemed a Below Investment Grade Rating Event for purposes of the definition of a Change of Control Triggering
Event) if the Company causes at least one of the Rating Agencies to confirm to the Trustee in writing that the change in rating status to below Investment Grade was not in any part related to the applicable Change of Control (whether or not the
applicable Change of Control shall have occurred at the time of the rating downgrade). 
 “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” shall be deemed to have beneficial ownership of all such shares that such “person” has the right to acquire, whether such right
is exercisable immediately or only after the passage of time. The term “Beneficial Ownership” shall have a corresponding meaning. 

“Board of Directors” means, with respect to any Person, the board of directors or other governing body of such Person or any
committee thereof duly authorized to act on behalf of such board of directors or such other governing body. 
 “Board
Resolution” means, with respect to a Board of Directors, a copy of a resolution certified by the Secretary or an Assistant Secretary of the Person or, in the case of a Person that is a partnership that has no such officers, the Secretary or
an Assistant Secretary of a general partner of such Person, to have been duly adopted by such 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 on which the New York Stock Exchange is open for trading and which is not a Legal Holiday. 

“Capital Stock” of any Person means any and all shares, units, interests, participations, rights in or other equivalents
(however designated) of such Person’s capital stock, other equity interests whether now outstanding or issued after the Issue Date, partnership interests (whether general or limited), joint venture interests, limited liability company
interests, any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person, including any Preferred Stock, and any rights (other than debt
securities convertible into Capital Stock), warrants or options exchangeable for or convertible into such Capital Stock. 
 “Change
of Control” means the occurrence of any of the following events: 
 (1) any “person” or “group”
(as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other than the Hamm Group, is or becomes the Beneficial Owner, directly or indirectly, of more than 50% of the total outstanding Voting Stock of the Company or any
Successor Parent (measured by voting power rather than the number of shares); provided that no Change of Control shall be deemed to occur by reason of the Company becoming a Subsidiary of a Successor Parent; 

  
 4 

 (2) the Company or any Successor Parent consolidates with or merges with or
into any Person, or sells, assigns, conveys, transfers, leases or otherwise disposes of all or substantially all of its assets to any such Person, or any such Person consolidates with or merges into or with the Company or any Successor Parent, in
any such event pursuant to a transaction in which the outstanding Voting Stock of the Company or such Successor Parent, as the case may be, is converted into or exchanged for cash, securities or other property, other than any such transaction where:

 (A) in the case of any such merger or consolidation, the outstanding Voting Stock of the Company or such Successor Parent,
as the case may be, is changed into or exchanged for (1) Voting Stock of the surviving Person which is not Disqualified Stock or (2) cash, securities and other property (other than Capital Stock of the surviving Person); and 

(B) immediately after such transaction, no “person” or “group” (as such terms are used in
Sections 13(d) and 14(d) of the Exchange Act), other than the Hamm Group, is the Beneficial Owner, directly or indirectly, of more than 50% of the total outstanding Voting Stock (measured by voting power rather than the number of shares) of the
surviving Person; or 
 (3) the Company is liquidated or dissolved or adopts a plan of liquidation or dissolution other than
in a transaction which complies with Section 5.01. 
 For purposes of this definition, any transfer of an equity interest of an entity
that was formed for the purpose of acquiring Voting Stock of the Company will be deemed to be a transfer of such portion of such Voting Stock as corresponds to the portion of the equity of such entity that has been so transferred. Notwithstanding
the foregoing, a Change of Control shall not be deemed to occur upon the consummation of any actions undertaken by the Company or any Restricted Subsidiary solely for the purpose of changing the legal structure of the Company or such Restricted
Subsidiary. 
 “Change of Control Triggering Event” means, with respect to a series of Notes, the occurrence of both a
Change of Control and a Below Investment Grade Rating Event with respect to such series of Notes. 
 “Clearstream” means
Clearstream Banking, société anonyme, Luxembourg, and its successors. 
 “Commission” means the Securities
and Exchange Commission, as from time to time constituted, created under the Exchange Act, or if at any time after the execution of this Indenture such Commission is not existing and performing the duties now assigned to it under the Securities Act
and the Exchange Act, then the body performing such duties at such time. 

  
 5 

 “Company” means Continental Resources, Inc., an Oklahoma corporation, until
a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person. 

“Consolidation” means, with respect to any Person, the consolidation of the accounts of such Person and each of its
Subsidiaries if and to the extent the accounts of such Person and each of its Subsidiaries would normally be consolidated with those of such Person, all in accordance with GAAP. The term “Consolidated” shall have a similar meaning.

 “Corporate Trust Office of the Trustee” shall be at the address of the Trustee specified in Section 12.02 or such
other address as to which the Trustee may give notice to the Company. 
 “Credit Agreement” means that certain Revolving
Credit Agreement, dated as of October 29, 2021, among the Company, as borrower, and its subsidiaries Banner Pipeline Company, L.L.C., CLR Asset Holdings, LLC and The Mineral Resources Company, as guarantors, MUFG Union Bank, N.A., as
administrative agent, and the other lenders party thereto, as such agreement, in whole or in part, in one or more instances, has been or hereafter may be amended, renewed, extended, increased, substituted, refinanced, restructured, replaced,
supplemented or otherwise modified from time to time (including, without limitation, any successive renewals, extensions, increases, substitutions, refinancings, restructurings, replacements, supplementations or other modifications of the
foregoing). 
 “Credit Facility” means, one or more debt facilities (including, without limitation, the Credit Agreement)
or commercial paper facilities, in each case with banks, investment banks, insurance companies, mutual funds and/or other institutional lenders providing for revolving credit loans, term loans, receivables financing (including through the sale of
receivables to such lenders or to special purpose entities formed to borrow from (or sell receivables to) such lenders against such receivables) or letters of credit, in each case, as amended, extended, restated, renewed, refunded, replaced (whether
contemporaneously or otherwise) or refinanced (in each case with Credit Facilities with such lenders), supplemented or otherwise modified (in whole or in part and without limitation as to amount, terms, conditions, covenants and other provisions)
from time to time. 
 “Custodian” means the Trustee, as custodian with respect to the Notes of either series in global
form, or any successor entity thereto. 
 “Debt Securities” means the Company’s debentures, notes, bonds or other
evidence of indebtedness in one or more series. 
 “Default” means any event which is, or after notice or passage of time
or both would be, an Event of Default. 
 “Definitive Note” means a certificated Note registered in the name of the Holder
thereof and issued in accordance with Section 2.07, substantially in the form of Exhibit A hereto except that such Note shall not bear the Global Note Legend and shall not have the “Schedule of Exchanges of
Interests in the Global Note” attached thereto. 

  
 6 

 “Depositary” means, unless otherwise specified by the Company with respect
to any Notes of a series issuable or issued in whole or in part in the form of one or more Global Notes, the Person specified in Section 2.04 as the Depositary with respect to such series of Notes, or any successor thereto registered as a
clearing agency under the Exchange Act or other applicable statute or regulations, appointed as depositary hereunder and having become such pursuant to the applicable provisions of this Indenture. 

“Disqualified Stock” means any Capital Stock that, either by its terms or by the terms of any security into which it is
convertible or exchangeable or otherwise, is or upon the happening of an event or passage of time would be, required to be redeemed prior to the Maturity Date of the Notes or is redeemable at the option of the holder thereof at any time prior to
such Maturity Date (other than upon a change of control of the Company in circumstances where the Holders of the Notes would have similar rights), or is convertible into or exchangeable for debt securities at any time prior to such Maturity Date at
the option of the holder thereof. 
 “Dollar-Denominated Production Payment” means a production payment required to be
recorded as a borrowing in accordance with GAAP, together with all undertakings and obligations in connection therewith. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor statute, and the rules and regulations
promulgated by the Commission thereunder. 
 “Existing Notes” means the Company’s outstanding (i) 4.5% Senior Notes
due 2023, (ii) 3.8% Senior Notes due 2024, (iii) 4.375% Senior Notes due 2028, (iv) 5.75% Senior Notes due 2031 and (v) 4.9% Senior Notes due 2044. 

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

“Finance Lease Obligation” of any Person means any obligation of such Person and its Restricted Subsidiaries on a
Consolidated basis under any finance lease of (or other agreement conveying the right to use) real or personal property which, in accordance with GAAP, is required to be recorded as a finance lease obligation. 

“Fitch” means Fitch Ratings, Inc. or any successor thereto, including a replacement rating agency selected by the Company as
provided in the definition of Rating Agency. 
 “Foreign Subsidiary” means any Restricted Subsidiary of the Company that
(i) is not organized under the laws of the United States of America or any State thereof or the District of Columbia or (ii) was organized under any such laws but has no material assets other than Capital Stock of foreign entities of the
type described in the preceding clause (i). 
 “Funded Debt” means, with regard to any Person, all Indebtedness
incurred, created, assumed or guaranteed by such Person, which matures, or is renewable by such Person to a date, more than one year after the date as of which Funded Debt is being determined. 

“Generally Accepted Accounting Principles” or “GAAP” means generally accepted accounting principles as in
effect in the United States of America from time to time. 

  
 7 

 “Global Note Legend” means the legend set forth in
Section 2.07(f)(ii), which is required to be placed on all Global Notes issued under this Indenture. 
 “Global Notes”
means a Note in global form that evidences all or part of the Notes of a series and registered in the name of the Depositary for the Notes of such series or a nominee thereof, and includes, individually and collectively, each of the Restricted
Global Notes of such series and the Unrestricted Global Notes of such series, each substantially in the form of Exhibit A hereto, as appropriate, issued in accordance with Sections 2.01, 2.07(b)(iii), 2.07(b)(iv),
2.07(d)(i), 2.07(d)(ii) or 2.07(d)(iii) of this Indenture. 
 “Guarantee” means the guarantee by any Guarantor of the
Company’s Indenture Obligations. 
 “Guaranteed Debt” of any Person means, without duplication, all Indebtedness of
any other Person referred to in the definition of Indebtedness below guaranteed directly or indirectly in any manner by such Person, or in effect guaranteed directly or indirectly by such Person through an agreement, made primarily for the purpose
of enabling the debtor to make payment of such Indebtedness or to assure the holder of such Indebtedness against loss, 
 (1)
to pay or purchase such Indebtedness or to advance or supply funds for the payment or purchase of such Indebtedness; 
 (2)
to purchase, sell or lease (as lessee or lessor) property, or to purchase or sell services; 
 (3) to supply funds to, or in
any other manner invest in, the debtor (including any agreement to pay for property or services without requiring that such property be received or such services be rendered); 

(4) to maintain working capital or equity capital of the debtor, or otherwise to maintain the net worth, solvency or other
financial condition of the debtor or to cause such debtor to achieve certain levels of financial performance; or 
 (5)
otherwise to assure a creditor against loss; 
 provided that the term “guarantee” shall not include endorsements for collection or
deposit, in either case in the ordinary course of business. 
 “Guarantor” means any Subsidiary of the Company which is a
guarantor of the Notes, including each of the Initial Guarantors and any other Person that is required after the Issue Date to guarantee the Notes pursuant to Section 4.08, until a successor replaces such Person pursuant to the applicable
provisions of this Indenture and, thereafter, means such successor. 
 “Hamm Group” means, as applicable, (i) Harold
G. Hamm (“Hamm”); (ii) Hamm’s spouse (including any ex-spouse of Hamm pursuant to the terms of a domestic relations order); (iii) any of Hamm’s lineal descendants;
(iv) Hamm’s guardian or other legal representative of Hamm or Hamm’s estate; (v) any trust of which at least one of the trustees is Hamm, or the principal beneficiaries of which are any one or more of the Persons or entities
described in clauses (i) 

  
 8 

 
through (iv) above; (vi) any Person or entity which is controlled by any one or more of the Persons or entities in clauses (i) through (v) above; and (vii) any group (within
the meaning of the Exchange Act and the rules of the Commission thereunder as in effect on the Issue Date) that includes one or more of the Persons or entities described in clauses (i) through (vi) above, provided that such Persons
or entities described in clauses (i) through (vi) above control more than 50% of the voting power of such group. 

“Holder” means the Person in whose name a Note is, at the time of determination, registered on the Registrar’s books.

 “Immaterial Subsidiary” means any Subsidiary of the Company with total assets of less than $2.0 million, as
determined in accordance with the latest internal financial statements available to the Company. 
 “Indebtedness” means,
without duplication, with respect to any Person; 
 (1) all obligations of such Person, including those evidenced by bonds,
notes, debentures or similar instruments, for the repayment of money borrowed (whether or not the recourse of the lender is to the whole of the assets of such Person or only to a portion thereof); 

(2) all liabilities of others of the kind described in the preceding clause (1) that such Person has guaranteed; and 

(3) 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: 

(A) the full amount of such obligations so secured; and 

(B) the fair market value of such asset, as determined in good faith by the Board of Directors of such Person, which
determination shall be evidenced by a Board Resolution of such Board of Directors. 
 Neither Dollar-Denominated Production Payments nor
Volumetric Production Payments shall be deemed to be Indebtedness. 
 “Indenture” means this Indenture, as amended or
supplemented from time to time. 
 “Indenture Obligations” means the obligations of the Company and any other obligor under
this Indenture or under the Notes, including any Guarantor, to pay principal of, premium, if any, and interest when due and payable, and all other amounts due or to become due under or in connection with this Indenture, the Notes and the performance
of all other obligations to the Trustee and the Holders under this Indenture and the Notes, according to the respective terms thereof. 

“Indirect Participant” means a Person who holds a beneficial interest in a Global Note through a Participant. 

  
 9 

 “Initial Guarantors” means CLR Asset Holdings, LLC, Banner Pipeline
Company, L.L.C. and The Mineral Resources Company, each of which is a wholly owned Subsidiary of the Company. 
 “Initial
Notes” means Notes of a series, other than any Additional Notes of such series, issued under this Indenture. 
 “Interest
Payment Date” has the meaning stated in Exhibit A hereto. 
 “Interest Rate Agreements”
means one or more interest rate protection agreements (including, without limitation, interest rate swaps, caps, floors, collars and similar agreements) and other types of interest rate hedging agreements from time to time entered into with one or
more financial institutions. 
 “Investment” means, with respect to any Person, directly or indirectly, any advance, loan
(including guarantees), or other extension of credit or capital contribution to any other Person (by means of any transfer of cash or other property to others or any payment for property or services for the account or use of others), or any
purchase, acquisition or ownership by such Person of any Capital Stock, bonds, notes, debentures or other securities issued or owned by any other Person and all other items that would be classified as investments on a balance sheet prepared in
accordance with GAAP. “Investment” shall exclude direct or indirect (i) advances or extensions of credit to customers or suppliers in the ordinary course of business that are, in conformity with GAAP, recorded as accounts
receivable, prepaid expenses or deposits on the Company’s or any Restricted Subsidiary’s balance sheet, (ii) endorsements for collection or deposit arising in the ordinary course of business and (iii) extensions of trade credit
on commercially reasonable terms in accordance with normal trade practices. 
 “Investment Grade” means a rating of BBB- or better by Fitch (or its equivalent under any successor rating categories of Fitch), BBB- or better by S&P (or its equivalent under any successor rating categories
of S&P) and Baa3 or better by Moody’s (or its equivalent under any successor rating categories of Moody’s) (or, in each case, if such Rating Agency ceases to rate the Notes for reasons outside of the Company’s control, the
equivalent investment grade credit rating from any Rating Agency selected by the Company as a replacement Rating Agency). 
 “Issue
Date” means, with respect to the Notes, the date of original issuance of the Initial Notes under this Indenture. 
 “Legal
Holiday” is a Saturday, a Sunday or a day on which banks and trust companies in The City of New York or place of payment are not required by law or executive order to be open. 

“Lien” means any mortgage or deed of trust, charge, pledge, lien (statutory or otherwise), privilege, security interest,
assignment, deposit, arrangement, hypothecation, claim, preference, priority or other encumbrance for security purposes upon or with respect to any property of any kind (including any conditional sale, finance lease or other title retention
agreement, any leases in the nature thereof, and any agreement to give any security interest), real or personal, movable or immovable, now owned or hereafter acquired. A Person will be deemed to own subject to a Lien any property which it has
acquired or holds subject to the interest of a vendor or lessor under any conditional sale agreement, Finance Lease Obligation or other title retention agreement. 

  
 10 

 
References herein to Liens allowed to exist upon any particular item of property shall also be deemed (whether or not stated specifically) to allow Liens to exist upon any accessions,
improvements or additions to such property, upon any contractual rights relating primarily to such property, and upon any proceeds of such property or of such accessions, improvements, additions or contractual rights. 

“Make-Whole Amount” with respect to any Note, means an amount equal to any excess of (i) the present value of the
remaining principal, any premium, and any interest payments due on such Note (excluding any portion of such payments of interest accrued as of the redemption date) as if such Note matured on the applicable Par Call Date, computed using a discount
rate equal to (a) the applicable Treasury Rate plus 20 basis points, in the case of the 2026 Notes, or (b) the applicable Treasury Rate plus 25 basis points in the case of the 2032 Notes, over (ii) the outstanding principal amount of
such Note. 
 “Make-Whole Average Life” means the number of years (calculated to the nearest
one-twelfth) between the date of redemption and the applicable Par Call Date. 
 “Make-Whole
Redemption Price” means the sum of the outstanding principal amount of the Notes to be redeemed plus the Make-Whole Amount of such Notes. 

“Maturity” means, with respect to the Notes, the date on which the principal of the Notes or an installment of principal
becomes due and payable as provided therein or by this Indenture, whether at the Maturity Date or by declaration of acceleration, call for redemption or otherwise. 

“Maturity Date” means, with respect to the Notes of a series, the fixed date specified pursuant to this Indenture as to the
Notes on which the principal of the Notes of such series becomes due and payable as provided therein or by this Indenture. 

“Moody’s” means Moody’s Investors Service, or any successor thereto, including a replacement rating agency selected by us
as provided in the definition of Rating Agency. 
 “Net Available Proceeds” means, with respect to any Sale/Leaseback
Transaction of any Person, cash proceeds received (including any cash proceeds received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise, but only as and when received, and excluding any other
consideration until such time as such consideration is converted into cash) therefrom, in each case net of all legal, title and recording tax expenses, commissions and other fees and expenses incurred, and all federal, state or local taxes required
to be accrued as a liability as a consequence of such Sale/Leaseback Transaction, and in each case net of all Indebtedness which is secured by such assets, in accordance with the terms of any Lien upon or with respect to such assets, or which must,
by its terms or in order to obtain a necessary consent to such Sale/Leaseback Transaction or by applicable law, be repaid out of the proceeds from such Sale/Leaseback Transaction and which is actually so repaid. 

“Net Working Capital” means the sum of (i) all current assets of the Company and its Restricted Subsidiaries plus
(ii) the amount of borrowings available to be incurred under the Credit Agreement, less all current liabilities of the Company and its Restricted Subsidiaries, except current liabilities included in Indebtedness, in each case (other than in
respect of the amount referred to in the preceding clause (ii)) as set forth in Consolidated financial statements of the 

  
 11 

 
Company prepared in accordance with GAAP, provided, however, that all of the following shall be excluded in the calculation of Net Working Capital: (a) current assets or
liabilities relating to the mark-to-market value of Interest Rate Agreements and hedging arrangements permitted by this Indenture, (b) any current assets or
liabilities relating to non-cash charges arising from any grant of Capital Stock, options to acquire Capital Stock, or other equity based awards, and (c) any current assets or liabilities relating to non-cash charges or accruals for future abandonment liabilities. 
 “Non-U.S. Person” means a Person who is not a U.S. Person. 
 “Notes” means
collectively any Initial Notes and Additional Notes. 
 “Obligations” means, in respect to a reference Indebtedness, any
principal, premium, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities payable under the documentation governing such Indebtedness. 

“Offering Memorandum” means the preliminary Offering Memorandum, dated November 9, 2021 relating to the Initial Notes,
as supplemented by the related Pricing Supplement dated November 9, 2021. 
 “Officer” means, with respect to any
Person, the Chairman of the Board, the Chief Executive Officer, the President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any Vice-President of such Person and,
in the case of a limited liability company, any manager of such Person, or in the case of a Person that is a partnership that has no such officers, any such officer of a general partner of such Person. 

“Officers’ Certificate” means a certificate signed on behalf of the Company by at least two Officers of
the Company, one of whom must be the principal executive officer, the principal financial officer or the principal accounting officer of the Company in relation to any Officers’ Certificate delivered pursuant to Section 4.04(a), that meets
the requirements of Section 12.05. 
 “Oil and Gas Business” means the business of exploiting, exploring for,
developing, acquiring, operating, producing, processing, gathering, marketing, storing, selling, hedging, treating, swapping, refining and transporting hydrocarbons and carbon dioxide and other related energy businesses, including contract drilling
and other oilfield services. 
 “Oil and Gas Hedging Contracts” means any oil and gas purchase or hedging agreement, and
other agreement or arrangement, in each case, that is designed to provide protection against price fluctuations of oil, gas or other commodities. 

“Oil and Gas Liens” means (i) Liens on any specific property or any interest therein, construction thereon or
improvement thereto to secure all or any part of the costs incurred for surveying, exploration, drilling, extraction, development, operation, production, construction, alteration, repair or improvement of, in, under or on such property and the
plugging and abandonment of wells located thereon (it being understood that, in the case of oil and gas producing properties, or any interest therein, costs incurred for “development” shall include costs incurred for all facilities
relating to such properties or to projects, ventures or other arrangements of which such properties form a part or which relate to such properties or interests); (ii) Liens on an oil or 

  
 12 

 
gas producing property to secure obligations incurred or guarantees of obligations incurred in connection with or necessarily incidental to commitments for the purchase or sale of, or the
transportation or distribution of, the products derived from such property; (iii) Liens arising under partnership agreements, oil and gas leases, overriding royalty agreements, net profits agreements, production payment agreements, royalty
trust agreements, incentive compensation programs for geologists, geophysicists and other providers of technical services to the Company or a 

Restricted Subsidiary, master limited partnership agreements, farm-out agreements, farm-in agreements, division orders, contracts for the sale, purchase, exchange, transportation, gathering or processing of oil, gas or other hydrocarbons, unitizations and pooling designations, declarations, orders
and agreements, development agreements, operating agreements, production sales contracts, area of mutual interest agreements, gas balancing or deferred production agreements, injection, repressuring and recycling agreements, salt water or other
disposal agreements, seismic or geophysical permits or agreements, and other agreements which are customary in the Oil and Gas Business; provided, however, in all instances that such Liens are limited to the assets that are the subject
of the relevant agreement, program, order or contract; (iv) Liens arising in connection with Production Payments and Reserve Sales; and (v) Liens on pipelines or pipeline facilities that arise by operation of law. 

“Opinion of Counsel” means an opinion from legal counsel who is reasonably acceptable to the Trustee that meets the
requirements of Section 12.05. Except as otherwise provided in this Indenture, the counsel may be an employee of, or counsel to, the Company, any Subsidiary of the Company. 

“Participant” means, with respect to the Depositary, Euroclear or Clearstream, a Person who has an account with the
Depositary, Euroclear or Clearstream, respectively (and with respect to DTC, shall include Euroclear and Clearstream). 
 “Permitted
Lien” means: 
 (1) with respect to the Notes, Liens existing on the Issue Date of the Notes; 

(2) Liens securing Indebtedness under Credit Facilities; 

(3) Liens securing any renewal, extension, substitution, refinancing or replacement of secured Indebtedness; provided that such Liens
extend to or cover only the property or assets then securing the Indebtedness being refinanced and that the Indebtedness being refinanced was not incurred under the Credit Facilities; 

(4) Liens on, or related to, properties to secure all or part of the costs incurred in the ordinary course of business of exploration,
drilling, development or operation thereof; 
 (5) any Lien arising by reason of: 

(A) any judgment, decree or order of any court, so long as such Lien is adequately bonded and any appropriate legal proceedings
which may have been duly initiated for the review of such judgment, decree or order shall not have been finally terminated or the period within which such proceedings may be initiated shall not have expired; 

  
 13 

 (B) taxes, assessments or governmental charges or claims that are not yet
delinquent or which are being contested in good faith by appropriate proceedings promptly instituted and diligently conducted; provided that any reserve or other appropriate provision as will be required in conformity with GAAP will have been
made therefor; 
 (C) security made in the ordinary course of business in connection with workers’ compensation,
unemployment insurance or other types of social security; 
 (D) good faith deposits in connection with tenders, leases and
contracts (other than contracts for the payment of Indebtedness); 
 (E) zoning restrictions, easements, licenses,
reservations, title defects, rights of others for rights of way, utilities, sewers, electric lines, telephone or telegraph lines, and other similar purposes, provisions, covenants, conditions, waivers, restrictions on the use of property or minor
irregularities of title (and with respect to leasehold interests, mortgages, obligations, Liens and other encumbrances incurred, created, assumed or permitted to exist and arising by, through or under a landlord or owner of the leased property, with
or without consent of the lessee), none of which materially impairs the use of any parcel of property material to the operation of the business of the Company or any Subsidiary or the value of such property for the purpose of such business; 

(F) deposits to secure public or statutory obligations, or in lieu of surety or appeal bonds; 

(G) operation of law or contract in favor of mechanics, carriers, warehousemen, landlords, materialmen, laborers, employees,
suppliers and similar persons, incurred in the ordinary course of business for sums which are not yet delinquent for more than 30 days or are being contested in good faith by negotiations or by appropriate proceedings which suspend the collection
thereof; 
 (6) Liens in favor of collecting or payor banks having a right of setoff, revocation, refund or chargeback with respect to money
or instruments of the Company or any Subsidiary on deposit with or in possession of such bank; 
 (7) Oil and Gas Liens which are not
incurred in connection with the borrowing of money; 
 (8) Liens securing obligations of the Company or any of its Subsidiaries under Oil and
Gas Hedging Contracts; 
 (9) Liens in favor of the United States, any state thereof, any foreign country or any department, agency or
instrumentality or political subdivision of any such jurisdiction, to secure partial, progress, advance or other payments pursuant to any contract or statute or to secure any indebtedness incurred for the purpose of financing all or any part of the
purchase price or the cost of constructing or improving the property subject to such Liens, including without limitation, Liens to secure Funded Debt of the pollution control or industrial revenue bond type; 

  
 14 

 (10) any Lien securing Acquired Debt created prior to (and not created in connection with,
or in contemplation of) the incurrence of such Indebtedness by the Company or any Subsidiary; provided that such Lien only secures the assets acquired in connection with the transaction pursuant to which the Acquired Debt became an obligation
of the Company or a Restricted Subsidiary; 
 (11) any Lien to secure performance bids, leases (including, without limitation, statutory and
common law landlord’s liens), statutory obligations, letters of credit and other obligations of a like nature and incurred in the ordinary course of business of the Company or any Subsidiary and not securing or supporting Indebtedness, and any
Lien to secure statutory or appeal bonds; 
 (12) leases and subleases of real property which do not materially interfere with the ordinary
conduct of the business of the Company or any of its Restricted Subsidiaries; 
 (13) any Lien created by a mortgage related to a property or
building that is used as the Company’s headquarters or other principal place of business; 
 (14) Liens on the Capital Stock of any
Unrestricted Subsidiary to the extent securing Unrestricted Subsidiary Indebtedness permitted to be guaranteed by the Company under clause (2) of Section 4.10(b)(ii); and 

(15) Liens in favor of the Company or any Guarantor. 

“Person” means any individual, corporation, partnership, limited liability company, joint venture, trust, estate,
association, unincorporated organization or government or any agency or political subdivision thereof. 
 “Predecessor
Note” of any particular Note means every previous Note evidencing all or a portion of the same Indebtedness as that evidenced by such particular Note; and any Note authenticated and delivered under Section 2.08 in lieu of a lost,
destroyed or stolen Note shall be deemed to evidence the same Indebtedness as the lost, destroyed or stolen Note. 
 “Preferred
Stock” means, with respect to any Person, any Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends or distributions, or as to the distribution of assets upon any voluntary or
involuntary liquidation or dissolution of such Person, over the Capital Stock of any other class in such Person. 
 “Principal
Property” means any property interest in oil and gas reserves located in the United States owned by the Company or any Subsidiary and which is capable of producing crude oil, condensate, natural gas, natural gas liquids or other similar
hydrocarbon substances in paying quantities, the net book value of which property interest or interests exceeds 2.0% of Adjusted Consolidated Net Tangible Assets, except any such property interest or interests that in the opinion of the Board of
Directors of the Company is not of material importance to the total business conducted by the Company and its Subsidiaries taken as a whole. 

  
 15 

 Without limitation, the term “Principal Property” shall not include: 

(1) property or assets employed in gathering, treating, processing, refining, transportation, distribution or marketing, 

(2) accounts receivable and other obligations of any obligor under a contract for the sale, exploration, production, drilling,
development, processing or transportation of crude oil, condensate, natural gas, natural gas liquids or other similar hydrocarbon substances by the Company or any of its Subsidiaries, and all related rights of the Company or any of its Subsidiaries,
and all guarantees, insurance, letters of credit and other agreements or arrangements of whatever character supporting or securing payment of such receivables or obligations, or 

(3) the production or any proceeds from production of crude oil, condensate, natural gas, natural gas liquids or other similar
hydrocarbon substances. 
 “Private Placement Legend” means the legend set forth in Section 2.07(f)(i) to be placed on
all Notes issued under this Indenture except where otherwise permitted by the provisions of this Indenture. 
 “Production
Payments” means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments. 
 “Production
Payments and Reserve Sales” means the grant or transfer by the Company or a Restricted Subsidiary to any Person of a royalty, overriding royalty, net profits interest, Production Payment, partnership or other interest in oil and gas
properties, reserves or the right to receive all or a portion of the production or the proceeds from the sale of production attributable to such properties where the holder of such interest has recourse solely to such properties, production or
proceeds of production, subject to the obligation of the grantor or transferor to operate and maintain, or cause the subject interests to be operated and maintained, in a reasonably prudent manner or other customary standard or subject to the
obligation of the grantor or transferor to indemnify for environmental, title or other matters customary in the Oil and Gas Business, including any such grants or transfers pursuant to incentive compensation programs on terms that are reasonably
customary in the Oil and Gas Business for geologists, geophysicists and other providers of technical services to the Company or a Restricted Subsidiary. 

“property” means, with respect to any Person, any interest of such Person in any kind of property or asset, whether real,
personal or mixed, or tangible or intangible, including Capital Stock and other securities issued by any other Person (but excluding Capital Stock or other securities issued by such first mentioned Person). 

“QIB” means a “qualified institutional buyer” as defined in Rule 144A. 

“Rating Agency” means 

(1) each of Fitch, S&P and Moody’s; and 

  
 16 

 (2) if any of Fitch, S&P or Moody’s ceases to rate a series of Notes or fails to
make a rating of such series of Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) of the Exchange Act selected
by the Company as a replacement rating agency for any of Fitch, S&P or Moody’s, as the case may be. 
 “Regulation
S” means Regulation S promulgated under the Securities Act. 
 “Regulation S Global Note” means one or more global
notes each evidencing all or part of a series of Notes, each substantially in the form of Exhibit A hereto bearing the Global Note Legend and the Private Placement Legend and deposited with or on behalf of, and registered
in the name of, the Depositary or its nominee for such series of Notes, that collectively shall be initially issued in a denomination equal to the outstanding principal amount of the Notes of such series initially sold in reliance on Rule 903 of
Regulation S. 
 “Responsible Officer,” when used with respect to the Trustee, means any officer within the corporate trust
department of the Trustee (or any successor group of the Trustee) or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and also means, with respect to a particular
corporate trust matter, any other officer to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject, in each case, who has responsibility for the administration of this Indenture. 

“Restricted Definitive Note” means a Definitive Note bearing the Private Placement Legend. 

“Restricted Global Note” means a Global Note bearing the Private Placement Legend. 

“Restricted Period” means the 40-day distribution compliance period, as defined in Rule 902(f) of Regulation S. 

“Restricted Subsidiary” of any Person means any Subsidiary of the Person that is not an Unrestricted Subsidiary. 

“Rule 144” means Rule 144 promulgated under the Securities Act. 

“Rule 144A” means Rule 144A promulgated under the Securities Act. 

“Rule 903” means Rule 903 promulgated under the Securities Act. 

“Rule 904” means Rule 904 promulgated under the Securities Act. 

“Sale/Leaseback Transaction” means, with respect to the Company or any Restricted Subsidiary, any arrangement with any Person
providing for the leasing by the Company or any of its Restricted Subsidiaries of any Principal Property which was acquired or placed into service more than 180 days prior to such arrangement, whereby such Principal Property has been or is to be
sold or transferred by the Company or such Restricted Subsidiary to such Person; provided that the term. “Sale/Leaseback Transaction” shall not include any such arrangement that does not provide for a lease by the Company or
any of its Restricted Subsidiaries with a period, including renewals, of more than three years. For the avoidance of doubt, a transaction primarily involving Dollar-Denominated Production Payments or Volumetric Production Payments shall not be
deemed to be a Sale/Leaseback Transaction. 

  
 17 

 “S&P” means S&P Global Ratings, a division of S&P Global, Inc.,
or any successor thereto, including a replacement rating agency selected by the Company as provided in the definition of Rating Agency. 

“Securities Act” means the Securities Act of 1933, as amended, or any successor statute, and the rules and regulations
promulgated by the Commission thereunder. 
 “Senior Indebtedness” means any Debt Securities or other Indebtedness of the
Company or a Guarantor (whether outstanding on the date of this Indenture or thereafter incurred), unless such Indebtedness is contractually subordinate or junior in right of payment of principal of, and any premium and interest on any such Debt
Securities or other Indebtedness, respectively. 
 “Stated Maturity” means, when used with respect to any Indebtedness or
any installment of interest thereon, the dates specified in such Indebtedness as the fixed date on which the principal of such Indebtedness or such installment of interest, as the case may be, is due and payable. 

“Subsidiary” of a Person means: 

(1) any corporation more than 50% of the outstanding voting power of the Voting Stock of which is owned or controlled, directly
or indirectly, by such Person or by one or more other Subsidiaries of such Person, or by such Person and one or more other Subsidiaries thereof; or 

(2) any limited partnership of which such Person or any Subsidiary of such Person is a general partner; or 

(3) any other Person in which such Person, or one or more other Subsidiaries of such Person, or such Person and one or more
other Subsidiaries, directly or indirectly, has more than 50% of the outstanding partnership or similar interests or has the power, by contract or otherwise, to direct or cause the direction of the policies, management and affairs thereof. 

“Successor Parent” with respect to any Person means any other Person more than 50% of the total outstanding Voting Stock of
which (measured by voting power rather than the number of shares) is, at the time the first Person becomes a Subsidiary of such other Person, Beneficially Owned by one or more Persons that Beneficially Owned more than 50% of the total outstanding
Voting Stock of the first Person (measured by voting power rather than the number of shares) immediately prior to the first Person becoming a Subsidiary of such other Person. 

  
 18 

 “Treasury Rate” means the yield to maturity (calculated on a semi-annual
bond equivalent basis) at the time of the computation of United States Treasury securities with a constant maturity (as compiled by and published in the most recent Federal Reserve Statistical Release H.15 or any successor publication which is
published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant
Maturities”), which has become publicly available at least two Business Days prior to the date of the redemption notice or, if such Federal Reserve Statistical Release is no longer published, any publicly available source of similar market
data) most nearly equal to the then remaining maturity of the relevant series of Notes being redeemed assuming Maturity of the applicable Notes on the applicable Par Call Date; provided, however, that if the Make-Whole Average Life of
such Notes is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used. 

“Trust Indenture Act” or “TIA” means the Trust Indenture Act of 1939, as amended, or any successor statute.

 “Trustee” means Wilmington Trust, National Association (a national banking association) until a successor replaces it in
accordance with the applicable provisions of this Indenture and thereafter means the successor serving hereunder. 
 “Unrestricted
Definitive Note” means one or more Definitive Notes that do not bear and are not required to bear the Private Placement Legend. 

“Unrestricted Global Note” means a permanent Global Note substantially in the form of Exhibit A
attached hereto that bears the Global Note Legend and that has the “Schedule of Exchanges of Interests in the Global Note” attached thereto, and that is deposited with or on behalf of and registered in the name of the Depositary or its
nominee, representing a series of Notes that do not bear the Private Placement Legend. 
 “Unrestricted Subsidiary” means
(i) 20 Broadway Associates LLC, (ii) The Mineral Resources Company II, LLC, (iii) SFPG, LLC, (iv) any other Subsidiary of the Company (other than a Guarantor) designated as such pursuant to and in compliance with Section 4.10 and
(v) any Subsidiary of an Unrestricted Subsidiary. 
 “Unrestricted Subsidiary Indebtedness” of any Unrestricted
Subsidiary means Indebtedness of such Unrestricted Subsidiary: 
 (1) as to which neither the Company nor any Restricted
Subsidiary is directly or indirectly liable (by virtue of the Company or any such Restricted Subsidiary being the primary obligor on, guarantor of, or otherwise liable in any respect to, such Indebtedness), except Guaranteed Debt of the Company or
any Restricted Subsidiary to any Affiliate of the Company; and 
 (2) which, upon the occurrence of a default with respect
thereto, does not result in, or permit any holder of any Indebtedness of the Company or any Restricted Subsidiary to declare, a default on such Indebtedness of the Company or any Restricted Subsidiary or cause the payment thereof to be accelerated
or payable prior to the fixed date on which the principal of such Indebtedness is due and payable; 
 provided that notwithstanding the foregoing,
any Unrestricted Subsidiary may guarantee the Notes or any Credit Facility. 

  
 19 

 “U.S. Government Securities” means securities that are (i) direct
obligations of the United States of America for the payment of which its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America the
payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case under clauses (i) or (ii) are not callable or redeemable at the option of the issuer thereof. 

“U.S. Legal Tender” means such coin or currency of the United States as at the time of payment shall be legal tender for the
payment of public and private debts. 
 “U.S. Person” means a U.S. person as defined in Rule 902(k) under the Securities
Act. 
 “Volumetric Production Payment” means a production payment that is recorded as a sale in accordance with GAAP,
whether or not the sale price must be recorded as deferred revenue, together with all undertakings and obligations in connection therewith. 

“Voting Stock” of a Person means Capital Stock of such Person of the class or classes pursuant to which the holders thereof
have the general voting power under ordinary circumstances to elect at least a majority of the Board of Directors, managers or trustees of such Person (irrespective of whether or not at the time Capital Stock of any other class or classes shall have
or might have voting power by reason of the happening of any contingency). 
 “Wholly Owned Restricted Subsidiary” means a
Restricted Subsidiary all the Capital Stock of which is owned by the Company or one or more other Wholly Owned Restricted Subsidiaries (other than directors’ qualifying shares or shares required by applicable law to be held by a Person other
than the Company or a Subsidiary of the Company). 
 Section 1.02. Other Definitions. 

 

			
	 Term
	  	 Defined in

	Act	  	Section 12.15
	Authentication Order	  	Section 2.02
	Change of Control Offer	  	Section 4.11
	Change of Control Purchase Date	  	Section 4.11
	Change of Control Purchase Notice	  	Section 4.11
	Change of Control Purchase Price	  	Section 4.11
	Covenant Defeasance	  	Section 8.03
	Designation	  	Section 4.10
	DTC	  	Section 2.01
	Event of Default	  	Section 6.01
	Excess Proceeds	  	Section 4.09
	Funds in Trust	  	Section 8.04
	Legal Defeasance	  	Section 8.02
	Net Proceeds Offer	  	Section 4.09
	Net Proceeds Offer Notice	  	Section 4.09
	Net Proceeds Offer Triggering Event	  	Section 4.09
	Net Proceeds Purchase Date	  	Section 4.09

  
 20 

			
	 Term
	  	 Defined in

	Net Proceeds Purchase Price	  	Section 4.09
	Par Call Date	  	Section 3.07
	Paying Agent	  	Section 2.04
	Payment Default	  	Section 6.01
	Registrar	  	Section 2.04
	Related Proceedings	  	Section 12.09
	Revocation	  	Section 4.10
	Secured Debt Basket	  	Section 4.07
	Specified Courts	  	Section 12.09
	Successor	  	Section 5.01

 Section 1.03. Trust Indenture Act. 

This Indenture is not qualified under the TIA, and the provisions of the TIA (including “mandatory” provisions thereof) shall not
apply to or in any way govern the terms of this Indenture or the Notes or any Guarantee, except where specifically made applicable in this Indenture. As a result, no provisions of the TIA (including “mandatory” provisions thereof) are
incorporated into this Indenture unless expressly incorporated pursuant to this Indenture. Unless specifically provided in this Indenture, no terms that are defined under the TIA have such meanings for purposes of this Indenture. 

Section 1.04. Rules of Construction. 

Unless the context otherwise requires: 

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

(ii) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

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

(iv) references to sections of or rules under the Securities Act shall be deemed to include substitute, replacement of
successor sections or rules adopted by the Commission from time to time; 
 (v) “or” is not exclusive, and
“including” means “including without limitation”, “including but not limited to” or words of similar import; 

(vi) the words “herein”, “hereof” and “hereunder” and words of similar import shall be construed
to refer to this Indenture in its entirety and not to any particular provision; and 

  
 21 

 (vii) unless otherwise provided in this Indenture or in any Note, the words
“execute”, “execution”, “signed”, and “signature” and words of similar import used in or related to any document to be signed in connection with this Indenture, any Note or any of the transactions contemplated
hereby (including amendments, waivers, consents and other modifications, but excluding the Trustee’s authentication of any Note) shall be deemed to include electronic signatures and the keeping of records in electronic form, each of which shall
be of the same legal effect, validity or enforceability as a manually executed signature in ink or the use of a paper-based recordkeeping system, as applicable, to the fullest extent and as provided for in any Applicable Law, including the Federal
Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, and any other similar state laws based on the Uniform Electronic Transactions Act, provided that, notwithstanding anything
herein to the contrary, the Trustee is not under any obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Trustee pursuant to procedures approved by the Trustee. 

ARTICLE TWO 
 THE
NOTES 
 Section 2.01. Form And Dating. 

(a) General. Each series of Notes and the Trustee’s certificate of authentication shall be substantially in the form of
Exhibit A attached hereto. The Notes may have notations, legends or endorsements required by law, stock exchange rule or usage. Each Note shall be dated the date of its authentication. The Notes of each series shall be
issued in registered, global form without interest coupons and only shall be in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. 

The terms and provisions contained in each series of Notes shall constitute, and are hereby expressly made, a part of this Indenture with
respect to such series of Notes and the Company, any Guarantors 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 any provision of any
Note conflicts with the express provisions of this Indenture, the provisions of this Indenture shall govern and be controlling. 
 (b)
Global Notes. Notes issued in global form shall be substantially in the form of Exhibit A attached hereto (including the Global Note Legend thereon and the “Schedule of Exchanges of Interests in the Global
Note” attached thereto). Notes issued in definitive form shall be substantially in the form of Exhibit A attached hereto (but without the Global Note Legend thereon and without the “Schedule of Exchanges of
Interests in the Global Note” attached thereto). Each Global Note of a series shall represent such of the outstanding Notes of such series as shall be specified therein and each shall provide that it shall represent the aggregate principal
amount of the outstanding Notes of such series from time to time endorsed thereon and that the aggregate principal amount of the outstanding Notes of such series represented thereby may from time to time be reduced or increased, as appropriate, to
reflect exchanges and redemptions. Any endorsement of a Global Note of such series to reflect the amount of any increase or decrease in the aggregate principal amount of the outstanding Notes of such series represented thereby shall be made by the
Trustee, as Custodian, in accordance with instructions given by the Holder thereof as required by Section 2.07. 
 (c) [Intentionally
Omitted]. 

  
 22 

 (d) Euroclear and Clearstream Procedures Applicable. The provisions of the
“Operating Procedures of the Euroclear System” and “Terms and Conditions Governing Use of Euroclear” and the “General Terms and Conditions of Cedel Bank” and “Customer Handbook” of Clearstream shall be
applicable to transfers of beneficial interests in the Regulation S Global Notes that are held by Participants through Euroclear or Clearstream. 

(e) Additional Notes. Notwithstanding anything else herein, with respect to any Additional Notes of a series issued subsequent to the
date of this Indenture, when the context requires, all provisions of this Indenture shall be construed and interpreted to permit the issuance of such Additional Notes and to allow such Additional Notes to become fungible and interchangeable with the
Initial Notes originally issued under this Indenture of such series; provided, however, that if any Additional Notes of such series are not fungible with the Initial Notes of such series for U.S. federal income tax purposes, such
Additional Notes shall have a different CUSIP number. Indebtedness represented by Additional Notes shall be subject to the covenants contained in this Indenture. 

Section 2.02. Execution and Authentication. 

(a) One Officer of the Company shall sign the Notes for the Company by manual, facsimile or electronic signature. 

(b) The Trustee shall, upon a written order of the Company signed by an Officer of the Company (an “Authentication Order”)
delivered to the Trustee from time to time, authenticate and deliver (i) 2026 Notes for original issue without limit as to the aggregate principal amount thereof, of which $800 million will be issued on the Issue Date, and (ii) 2032 Notes for
original issue without limit as to the aggregate principal amount thereof, of which $800 million will be issued on the Issue Date. 

(c) If an Officer whose signature is on a Note no longer holds that office at the time a Note is authenticated, the Note shall nevertheless be
valid. 
 (d) A Note shall not be valid until authenticated by the manual signature of the Trustee. Such signature shall be conclusive
evidence that the Note has been authenticated under this Indenture. 
 (e) The aggregate principal amount of either series of Notes which may
be authenticated and delivered under this Indenture is unlimited. 
 (f) The Trustee may appoint an authenticating agent reasonably
acceptable to the Company to authenticate the Notes of a series. An authenticating agent may authenticate Notes of such series whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication
by such agent. An authenticating agent has the same rights as an Agent to deal with Holders or an Affiliate of the Company. 

  
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 Section 2.03. Methods of Receiving Payments on the Notes. 

Payment of principal, or any premium or interest on Global Notes of a series shall be made in immediately available funds to the
Depositary’s nominee, as the registered Holder of such global notes. If any Notes of a series are no longer represented by a Global Note, payments on the Definitive Notes of such series may, at the Company’s option, be made at the
Corporate Trust Office of the Trustee, as Paying Agent, or by check mailed directly to Holders at their respective addresses set forth in the register of Holders or by wire transfer to an account designated by a Holder. Payments of interest to the
Trustee as Paying Agent, if the Trustee then acts as Paying Agent, with respect to any Interest Payment Date (as defined in the Notes) shall be made by the Company in immediately available funds for receipt by the Trustee no later than 1:00 p.m. New
York Time on such Interest Payment Date. 
 Section 2.04. Registrar and Paying Agent. 

(a) The Company shall maintain an office or agency where Notes of each series may be presented for registration of transfer or for exchange
(“Registrar”) and an office or agency where Notes of such series may be presented for payment (“Paying Agent”) which initially will be the Corporate Trust Office of the Trustee. The Registrar shall keep a register
of the Notes and of their transfer and exchange. The Company may appoint one or more co-registrars and one or more additional paying agents. The term “Registrar” includes any co-registrar and the term “Paying Agent” includes any additional paying agent. The Company may change any Paying Agent or Registrar without prior notice to any Holder. The Company shall notify the
Trustee in writing of the name and address of any Agent not a party to this Indenture. If the Company fails to appoint or maintain another entity as Registrar or Paying Agent, the Trustee shall act as such. The Company or any of its Subsidiaries may
act as Paying Agent or Registrar. 
 (b) The Company initially appoints DTC to act as Depositary with respect to the Global Notes. 

(c) The Company initially appoints the Trustee to act as the Registrar and Paying Agent. 

Section 2.05. Paying Agent to Hold Money in Trust. 

The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent shall hold in trust for the
benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal or premium, if any, or interest on the Notes, and shall notify the Trustee in writing of any default by the Company in making any such payment.
While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, the
Paying Agent (if other than the Company or one of its Subsidiaries) shall have no further liability for the money. If the Company or any of its Subsidiaries acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit
of the Holders all money held by it as Paying Agent. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as Paying Agent for the Notes. 

  
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 Section 2.06. Holder Lists. 

The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of
all Holders. If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least five Business Days before each Interest Payment Date and at such other times as the Trustee may request in writing, a list in such form and as of
such date as the Trustee may reasonably require of the names and addresses of the Holders of Notes. 
 Section 2.07. Transfer and
Exchange. 
 (a) Transfer and Exchange of Global Notes. A Global Note may be transferred, as a whole and not in part, by the
Depositary to a nominee of the Depositary, by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary.
Definitive Notes of a series shall be issued and delivered to each person that the Depositary identifies as a beneficial owner of the related Notes of such series only if: 

(i) the Depositary notifies the Company at any time that it is unwilling or unable to continue as Depositary for the Global
Notes and a successor depositary is not appointed within 90 days; 
 (ii) the Depositary ceases to be registered as a
clearing agency under the Exchange Act and a successor Depositary is not appointed within 90 days; 
 (iii) the Company, at
its option, executes and delivers to the Trustee and Registrar an Officers’ Certificate pursuant to which it elects to cause the issuance of Definitive Notes; or 

(iv) an Event of Default with respect to the Notes of such series has occurred and is continuing and such beneficial owner
requests that its Notes be issued in the form of Definitive Notes. 
 Upon the occurrence of any of the preceding events in clauses (i),
(ii), (iii) or (iv) above, Definitive Notes of such series shall be issued in such names as the Depositary shall instruct the Trustee. Global Notes also may be exchanged or replaced, in whole or in part, as provided in Sections 2.08 and
2.11. Every Note authenticated and delivered in exchange for, or in lieu of, a Global Note or any portion thereof, pursuant to this Section 2.07 or Section 2.08 or 2.11, shall be authenticated and delivered in the form of, and shall be, a
Global Note. A Global Note may not be exchanged for another Note other than as provided in this Section 2.07; however, beneficial interests in a Global Note may be transferred and exchanged as provided in Section 2.07(b) or
(c) hereof. 
 (b) Transfer and Exchange of Beneficial Interests in the Global Notes. The transfer and exchange of beneficial
interests in the Global Notes shall be effected through the Depositary, in accordance with the provisions of this Indenture and the Applicable Procedures. Beneficial interests in the Restricted Global Notes shall be subject to restrictions on
transfer comparable to those set forth herein to the extent required by the Securities Act. Transfers of beneficial interests in the Global Notes also shall require compliance with either subparagraph (i) or (ii) below, as applicable, as
well as one or more of the other following subparagraphs, as applicable: 

  
 25 

 (i) (A) Transfer of Beneficial Interests in the Same Global
Note. Beneficial interests in any Restricted Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Note in accordance with the transfer restrictions set forth in
the Private Placement Legend and any Applicable Procedures. Beneficial interests in any Unrestricted Global Note of a series may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note
of such series. Except as may be required by any Applicable Procedures, no written orders or instructions shall be required to be delivered to the Registrar to effect the transfers described in this Section 2.07(b)(i). 

(B) The following provisions shall apply with respect to any proposed transfer of a beneficial interest in a Regulation S
Global Note of a series or any Definitive Note of a series issued in exchange therefor prior to the expiration of the Restricted Period: 

(i) a transfer thereof to a QIB shall be made upon the representation of the transferee, in the form of a certificate in the
form of Exhibit B hereto, including the certifications in item (1) thereof, that it is purchasing the Note of such series for its own account or an account with respect to which it exercises sole investment discretion
and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding
the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is relying upon its foregoing representations in order to claim the exemption from
registration provided by Rule 144A; and 
 (ii) a transfer thereof to a Non-U.S.
Person shall be made upon receipt by the Trustee or its agent of a certificate substantially in the form set forth in Exhibit B hereto, including the certifications in item (2) thereof from the transferor and, if
requested by the Company or the Trustee, delivery of an opinion of counsel, certification and/or other information satisfactory to each of them. 

After the expiration of the Restricted Period, beneficial interests in a Regulation S Global Note of such series or Definitive
Notes of such series issued in exchange therefor may be transferred without requiring certification set forth in Exhibit B or any additional certification. 

(ii) All Other Transfers and Exchanges of Beneficial Interests in Global Notes. In connection with all transfers and
exchanges of beneficial interests in Global Notes of a series that are not subject to Section 2.07(b)(i) above, the transferor of such beneficial interest must deliver to the Registrar either (A)(1) a written order from a Participant or an
Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary to credit or cause to be credited a beneficial interest in another Global Note of such series in an amount equal to the beneficial
interest to be transferred or 

  
 26 

 
exchanged and (2) instructions given in accordance with the Applicable Procedures containing information regarding the Participant account to be credited with such increase or (B) (1)
if permitted under Section 2.07(a) hereof, a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the Applicable Procedures directing the Depositary to cause to be issued a Definitive Note in an
amount equal to the beneficial interest to be transferred or exchanged and (2) instructions given by the Depositary to the Registrar containing information regarding the Person in whose name such Definitive Note shall be registered to effect
the transfer or exchange referred to in (1) above. Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Notes contained in this Indenture and the Notes or otherwise applicable under the
Securities Act, the Trustee shall adjust the principal amount at maturity of the relevant Global Notes pursuant to Section 2.07(g) hereof. 

(iii) Transfer of Beneficial Interests to Another Restricted Global Note. A beneficial interest in any Restricted Global
Note of a series may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Note of such series if the transfer complies with the requirements of Section 2.07(b)(ii) above and the
Registrar receives the following: 
 (A) if the transferee shall take delivery in the form of a beneficial interest in a 144A
Global Note of such series, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (1) thereof or, if permitted by the Applicable Procedures, item
(3) thereof; or 
 (B) if the transferee shall take delivery in the form of a beneficial interest in a Regulation S
Global Note of such series, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof. 

(iv) Transfer and Exchange of Beneficial Interests in a Restricted Global Note for Beneficial Interests in the Unrestricted
Global Note. A beneficial interest in any Restricted Global Note of a series may be exchanged by any Holder thereof for a beneficial interest in an Unrestricted Global Note of such series or transferred to a Person who takes delivery thereof in
the form of a beneficial interest in an Unrestricted Global Note of such series if the exchange or transfer complies with the requirements of Section 2.07(b)(ii) above and: 

(A) the Registrar receives the following: 

(1) if the Holder of such beneficial interest in a Restricted Global Note of such series proposes to exchange such beneficial
interest for a beneficial interest in an Unrestricted Global Note of such series, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(a) thereof; or 

  
 27 

 (2) if the Holder of such beneficial interest in a Restricted Global Note
of such series proposes to transfer such beneficial interest to a Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Note of such series, a certificate from such Holder in the form of
Exhibit B hereto, including the certifications in item (4) thereof; 
 and, in each such case set forth in
clause (A), if the Registrar so requests or if the Applicable Procedures so require, an Opinion of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and
that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 

If any such transfer is effected pursuant to clause (A) above at a time when an Unrestricted Global Note of such series
has not yet been issued, the Company shall issue and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate one or more Unrestricted Global Notes of such series in an aggregate principal
amount equal to the aggregate principal amount of beneficial interests transferred pursuant to clause (A) above. 
 (v)
Transfer or Exchange of Beneficial Interests in an Unrestricted Global Note for Beneficial Interests in a Restricted Global Note Prohibited. Beneficial interests in an Unrestricted Global Note cannot be exchanged for, or transferred to
Persons who take delivery thereof in the form of, a beneficial interest in a Restricted Global Note. 
 (c) Transfer or Exchange of
Beneficial Interests for Definitive Notes. 
 (i) Beneficial Interests in Restricted Global Notes to Restricted
Definitive Notes. Subject to Section 2.07(a) hereof, if any Holder of a beneficial interest in a Restricted Global Note of a series proposes to exchange such beneficial interest for a Restricted Definitive Note of such series or to transfer
such beneficial interest to a Person who takes delivery thereof in the form of a Restricted Definitive Note of such series, then, upon receipt by the Registrar of the following documentation: 

(A) if the Holder of such beneficial interest in a Restricted Global Note of such series proposes to exchange such beneficial
interest for a Restricted Definitive Note of such series, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (2)(a) thereof; 

(B) if such beneficial interest is being transferred to a QIB in accordance with Rule 144A under the Securities Act, a
certificate to the effect set forth in Exhibit B hereto, including the certifications in item (1) thereof; 

(C) if such beneficial interest is being transferred to a Non-U.S. Person in an
offshore transaction (as defined in Section 902(h) of Regulation S) in accordance with Rule 903 or Rule 904 under the Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the
certifications in item (2) thereof; 

  
 28 

 (D) if such beneficial interest is being transferred pursuant to an
exemption from the registration requirements of the Securities Act in accordance with Rule 144 under the Securities Act, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(a)
thereof; or 
 (E) if such beneficial interest is being transferred to the Company or any of its Subsidiaries, a certificate
to the effect set forth in Exhibit B hereto, including the certifications in item (3)(b) thereof; 
 the Trustee shall cause the
aggregate principal amount of the applicable Global Note of such series to be reduced accordingly pursuant to Section 2.07(g) hereof, and the Company shall execute and the Trustee shall authenticate and deliver to the Person designated in the
instructions a Definitive Note of such series in the appropriate principal amount. Any Definitive Note of a series issued in exchange for a beneficial interest in a Restricted Global Note of such series pursuant to this Section 2.07(c)(i) shall
be registered in such name or names and in such authorized denomination or denominations as the Holder of such beneficial interest shall instruct the Registrar through instructions from the Depositary and the Participant or Indirect Participant. The
Trustee shall deliver such Definitive Notes to the Persons in whose names such Notes are so registered. Any Definitive Note of a series issued in exchange for a beneficial interest in a Restricted Global Note of such series pursuant to this
Section 2.07(c)(i) shall bear the Private Placement Legend and shall be subject to all restrictions on transfer contained therein. 

(ii) [Reserved] 

(iii) Beneficial Interests in Restricted Global Notes to Unrestricted Definitive Notes. Subject to Section 2.07(a)
hereof, a Holder of a beneficial interest in a Restricted Global Note of a series may exchange such beneficial interest for an Unrestricted Definitive Note or may transfer such beneficial interest to a Person who takes delivery thereof in the form
of an Unrestricted Definitive Note of such series only if: 
 (A) the Registrar receives the following: 

(1) if the Holder of such beneficial interest in a Restricted Global Note of such series proposes to exchange such beneficial
interest for a Definitive Note of such series that does not bear the Private Placement Legend, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(b) thereof; or 

(2) if the Holder of such beneficial interest in a Restricted Global Note of such series proposes to transfer such beneficial
interest to a Person who shall take delivery thereof in the form of a Definitive Note of such series that does not bear the Private Placement Legend, a certificate from such Holder in the form of Exhibit B hereto, including
the certifications in item (4) thereof; 
 and, in each such case set forth in this subparagraph (A), if the Registrar so requests or if the
Applicable Procedures so require, an Opinion of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and
in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 

  
 29 

 Upon satisfaction of any of the conditions of any of the clauses of this
Section 2.07(c)(iii), the Company shall execute and, upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate and deliver a Definitive Note that does not bear the Private Placement
Legend in the appropriate principal amount to the Person designated by the holder of such beneficial interest in instructions delivered to the Registrar by the Depositary and the applicable Participant or Indirect Participant on behalf of such
holder, and the Trustee shall reduce or cause to be reduced in a corresponding amount pursuant to Section 2.07(g), the aggregate principal amount of the applicable Restricted Global Note. 

(iv) Beneficial Interests in Unrestricted Global Notes to Unrestricted Definitive Notes. Subject to
Section 2.07(a), if any Holder of a beneficial interest in an Unrestricted Global Note of a series proposes to exchange such beneficial interest for a Definitive Note of such series or to transfer such beneficial interest to a Person who takes
delivery thereof in the form of a Definitive Note of such series, then, upon satisfaction of the conditions set forth in Section 2.07(b)(ii) hereof, the Trustee shall cause the aggregate principal amount of the applicable Global Note to be
reduced accordingly pursuant to Section 2.07(g) hereof, and the Company shall execute and the Trustee shall authenticate and deliver to the Person designated in the instructions a Definitive Note of such series in the appropriate principal
amount. Any Definitive Note of a series issued in exchange for a beneficial interest pursuant to this Section 2.07(c)(iv) shall be registered in such name or names and in such authorized denomination or denominations as the Holder of such
beneficial interest shall instruct the Registrar through instructions from the Depositary and the Participant or Indirect Participant. The Trustee shall deliver such Definitive Notes to the Persons in whose names such Notes are so registered. Any
Definitive Note of a series issued in exchange for a beneficial interest pursuant to this Section 2.07(c)(iv) shall not bear the Private Placement Legend. 

(d) Transfer and Exchange of Definitive Notes for Beneficial Interests.  

(i) Restricted Definitive Notes to Beneficial Interests in Restricted Global Notes. If any Holder of a Restricted
Definitive Note of a series proposes to exchange such Note for a beneficial interest in a Restricted Global Note of such series or to transfer such Restricted Definitive Note to a Person who takes delivery thereof in the form of a beneficial
interest in a Restricted Global Note of such series, then, upon receipt by the Registrar of the following documentation: 

(A) if the Holder of such Restricted Definitive Note proposes to exchange such Note for a beneficial interest in a Restricted
Global Note of such series, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (2)(b) thereof; 

(B) if such Restricted Definitive Note is being transferred to a QIB in accordance with Rule 144A under the Securities Act, a
certificate to the effect set forth in Exhibit B hereto, including the certifications in item (1) thereof; 

  
 30 

 (C) if such Restricted Definitive Note is being transferred to a Non-U.S. Person in an offshore transaction (as defined in Rule 902(k) of Regulation S) in accordance with Rule 903 or Rule 904 under the Securities Act, a certificate to the effect set forth in
Exhibit B hereto, including the certifications in item (2) thereof; 
 (D) if such Restricted
Definitive Note is being transferred pursuant to an exemption from the registration requirements of the Securities Act in accordance with Rule 144 under the Securities Act, a certificate to the effect set forth in Exhibit B
hereto, including the certifications in item (3)(a) thereof; or 
 (E) if such Restricted Definitive Note is being
transferred to the Company or any of its Subsidiaries, a certificate to the effect set forth in Exhibit B hereto, including the certifications in item (3)(b) thereof; 

the Trustee shall cancel the Restricted Definitive Note of such series, increase or cause to be increased the aggregate principal amount of, in
the case of clause (A) above, the appropriate Restricted Global Note, in the case of clause (B) above, the appropriate 144A Global Note, and in the case of clause (C) above, the appropriate Regulation S Global Note. 

(ii) Restricted Definitive Notes to Beneficial Interests in Unrestricted Global Notes. A Holder of a Restricted
Definitive Note of a series may exchange such Note for a beneficial interest in an Unrestricted Global Note of such series or transfer such Restricted Definitive Note to a Person who takes delivery thereof in the form of a beneficial interest in an
Unrestricted Global Note of such series only if: 
 (A) the Registrar receives the following: 

(1) if the Holder of such Definitive Notes proposes to exchange such Notes for a beneficial interest in the Unrestricted
Global Note of such series, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(c) thereof; or 

(2) if the Holder of such Definitive Notes proposes to transfer such Notes to a Person who shall take delivery thereof in the
form of a beneficial interest in the Unrestricted Global Note of such series, a certificate from such Holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case set forth in this clause (A), if the Registrar so requests or if the Applicable Procedures so require, an Opinion
of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer
required in order to maintain compliance with the Securities Act. 
 Upon satisfaction of any of the conditions of any of the
clauses of this Section 2.07(d)(ii), the Trustee shall cancel the Definitive Notes and increase or cause to be increased the aggregate principal amount of the Unrestricted Global Note. 

  
 31 

 (iii) Unrestricted Definitive Notes to Beneficial Interests in
Unrestricted Global Notes. A Holder of an Unrestricted Definitive Note of a series may exchange such Note for a beneficial interest in an Unrestricted Global Note of such series or transfer such Definitive Note to a Person who takes delivery
thereof in the form of a beneficial interest in an Unrestricted Global Note of such series at any time. Upon receipt of a request for such an exchange or transfer, the Trustee shall cancel the applicable Unrestricted Definitive Note and increase or
cause to be increased in a corresponding amount the aggregate principal amount of one of the Unrestricted Global Notes pursuant to Section 2.07(g) hereof; 

(iv) Transfer or Exchange of Unrestricted Definitive Notes to Beneficial Interests in Restricted Global Notes
Prohibited. An Unrestricted Definitive Note may not be exchanged for, or transferred to Persons who take delivery thereof in the form of, beneficial interests in a Restricted Global Note. 

(v) Issuance of Unrestricted Global Notes. If any such exchange or transfer from a Definitive Note of a series to a
beneficial interest is effected pursuant to subparagraphs (ii)(A) or (iii) above at a time when an Unrestricted Global Note of such series has not yet been issued, the Company shall issue and, upon receipt of an Authentication Order in
accordance with Section 2.02 hereof, the Trustee shall authenticate one or more Unrestricted Global Notes of such series in an aggregate principal amount equal to the principal amount of Definitive Notes so transferred. 

(e) Transfer and Exchange of Definitive Notes for Definitive Notes. Upon request by a Holder of Definitive Notes of a series and such
Holder’s compliance with the provisions of this Section 2.07(e), the Registrar shall register the transfer or exchange of Definitive Notes of such series. Prior to such registration of transfer or exchange, the requesting Holder shall
present or surrender to the Registrar the Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder or by its attorney, duly authorized in writing. In
addition, the requesting Holder shall provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this Section 2.07(e). 

(i) Restricted Definitive Notes to Restricted Definitive Notes. Any Restricted Definitive Note of any series may be
transferred to and registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Note of such series if the Registrar receives the following: 

(A) if the transfer shall be made pursuant to Rule 144A, then the transferor must deliver a certificate in the form of
Exhibit B hereto, including the certifications in item (1) thereof; 
 (B) if the transfer
shall be made pursuant to Rule 903 or Rule 904, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications in item (2) thereof; and 

  
 32 

 (C) if the transfer shall be made pursuant to any other exemption from the
registration requirements of the Securities Act, then the transferor must deliver a certificate in the form of Exhibit B hereto, including the certifications, certificates and Opinion of Counsel required by item
(3) thereof, if applicable. 
 (ii) Restricted Definitive Notes to Unrestricted Definitive Notes. Any Restricted
Definitive Note of a series may be exchanged by the Holder thereof for an Unrestricted Definitive Note of such series or transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Definitive Note of such series only
if: 
 (A) the Registrar receives the following: 

(1) if the Holder of such Restricted Definitive Notes proposes to exchange such Notes for an Unrestricted Definitive Note of
such series, a certificate from such Holder in the form of Exhibit C hereto, including the certifications in item (1)(d) thereof; or 

(2) if the Holder of such Restricted Definitive Notes proposes to transfer such Notes to a Person who shall take delivery
thereof in the form of an Unrestricted Definitive Note of such series, a certificate from such Holder in the form of Exhibit B hereto, including the certifications in item (4) thereof; 

and, in each such case set forth in this clause (A), if the Registrar so requests, an Opinion of Counsel in form
reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order
to maintain compliance with the Securities Act. 
 Upon satisfaction of the conditions of any of the clauses of this
Section 2.07(e)(ii), the Trustee shall cancel the prior Restricted Definitive Note and the Company shall execute, and upon receipt of an Authentication Order in accordance with Section 2.02 hereof, the Trustee shall authenticate and
deliver an Unrestricted Definitive Note in the appropriate aggregate principal amount to the Person designated by the Holder of such prior Restricted Definitive Note in instructions delivered to the Registrar by such Holder. 

(iii) Unrestricted Definitive Notes to Unrestricted Definitive Notes. A Holder of Unrestricted Definitive Notes of a
series may transfer such Notes to a Person who takes delivery thereof in the form of an Unrestricted Definitive Note of such series. Upon receipt of a request to register such a transfer, the Registrar shall register the Unrestricted Definitive
Notes of such series pursuant to the instructions from the Holder thereof. 
 (f) Legends. The following legends shall appear on the
face of all Global Notes and Definitive Notes issued under this Indenture unless specifically stated otherwise in the applicable provisions of this Indenture. 

  
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 (i) Private Placement Legend. Except as permitted below, each Global
Note and each Definitive Note (and all Notes issued in exchange therefor or substitution thereof) shall bear the legend in substantially the following form: 

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR
THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION
UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER,
SELL, OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS ONE YEAR (IN THE CASE OF RULE 144A SECURITIES) OR 40 DAYS (IN THE CASE OF REGULATION S SECURITIES) AFTER THE LATER OF
THE ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY), ONLY (A) TO THE ISSUER, (B) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR
RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO A PERSON IT REASONABLY BELIEVES IS 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 THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (C) PURSUANT TO OFFERS AND SALES THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT,
OR (D) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE, OR TRANSFER PURSUANT TO CLAUSE (C) OR
(D) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION, AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. 

Notwithstanding the foregoing, any Global Note or Definitive Note issued pursuant to subparagraph (b)(iv), (c)(iii),
(c)(iv), (d)(ii), (d)(iii), (e)(ii) or (e)(iii) of this Section 2.07 (and all Notes issued in exchange therefor or substitution thereof) (and any note not required by law to have such a legend), shall not bear the Private Placement Legend. 

In addition, the foregoing legend may be adjusted for future issuances in accordance with applicable law. 

(ii) Global Note Legend. Each Global Note shall bear a legend in substantially the following form: 

  
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 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), 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 DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE
BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.07 OF THE INDENTURE, (2) THIS
GLOBAL NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.07 OF THE INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.12 OF THE INDENTURE AND (4) THIS GLOBAL
NOTE MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 
 (iii) ERISA
Legend. Each Global Note shall bear a legend in substantially the following form: 
 BY ITS ACQUISITION OF THIS SECURITY,
THE HOLDER THEREOF WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY CONSTITUTES THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF
THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OF A PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED
(THE “CODE”) OR PROVISIONS UNDER ANY OTHER FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (“SIMILAR
LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR (2) THE ACQUISITION AND HOLDING OF THIS SECURITY WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS. 

  
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 (g) Cancellation and/or Adjustment of Global Notes. At such time as all beneficial
interests in a particular Global Note of a series have been exchanged for Definitive Notes of such series or a particular Global Note of a series has been redeemed, repurchased or canceled in whole and not in part, each such Global Note shall be
returned to or retained and canceled by the Trustee in accordance with Section 2.12. At any time prior to such cancellation, if any beneficial interest in a Global Note of a series is exchanged for or transferred to a Person who shall take
delivery thereof in the form of a beneficial interest in another Global Note of such series or for Definitive Notes of such series, the principal amount of Notes of such series represented by such Global Note shall be reduced accordingly and an
endorsement shall be made on such Global Note by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who shall take delivery
thereof in the form of a beneficial interest in another Global Note of such series, such other Global Note shall be increased accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Depositary at the direction of
the Trustee to reflect such increase. 
 (h) General Provisions Relating to Transfers and Exchanges. 

(i) To permit registrations of transfers and exchanges, the Company shall execute and the Trustee shall authenticate Global Notes and
Definitive Notes upon the Company’s order or at the Registrar’s request. 
 (i) No service charge shall be made to
a Holder of a beneficial interest in a Global Note or to a Holder of a Definitive Note for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge
payable in connection therewith (other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 2.11, 3.06, 4.09, 4.11 and 9.05). 

(ii) The Registrar shall not be required to register the transfer of or exchange any Note selected for redemption in whole or
in part, except the unredeemed portion of any Note being redeemed in part. 
 (iii) All Global Notes of a series and
Definitive Notes of such series issued upon any registration of transfer or exchange of Global Notes of such series or Definitive Notes of such series shall be the valid and legally binding obligations of the Company, evidencing the same debt, and
entitled to the same benefits under this Indenture, as the Global Notes of such series or Definitive Notes of such series surrendered upon such registration of transfer or exchange. 

(iv) The Company shall not be required (A) to issue, to register the transfer of or to exchange any Notes of a series
during a period beginning at the opening of business 15 days before the day of any selection of Notes of such series for redemption under Section 3.02 and ending at the close of business on the day of selection, (B) to register the
transfer of or to exchange any Note so selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part or (C) to register the transfer of or to exchange a Note between a record date and the next
succeeding Interest Payment Date. 

  
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 (v) Prior to due presentment for the registration of a transfer of any Note,
the Trustee, any Agent and the Company may deem and treat the Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Notes and for all other purposes,
and none of the Trustee, any Agent or the Company shall be affected by notice to the contrary. 
 (vi) The Trustee shall
authenticate Global Notes and Definitive Notes in accordance with the provisions of Section 2.02. 
 (vii) All
certifications, certificates and Opinions of Counsel required to be submitted to the Registrar pursuant to this Section 2.07 to effect a registration of transfer or exchange may be submitted by facsimile with the original to follow by first
class mail or delivery service. 
 Section 2.08. Replacement Notes. 

(a) If any mutilated Note is surrendered to the Trustee or the Company and the Trustee receives evidence to their satisfaction of the
destruction, loss or theft of any Note, the Company shall issue and the Trustee, upon receipt of an Authentication Order, shall authenticate a replacement Note of the same series if the Trustee’s requirements are met. If required by the Trustee
or the Company, an indemnity bond must be supplied by the Holder that is sufficient in the judgment of the Trustee and the Company to protect the Company, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer
if a Note is replaced. The Company or the Trustee may charge for their expenses in replacing a Note. If, after the delivery of such replacement Note, a protected purchaser of the original Note in lieu of which such replacement Note was issued
presents for payment or registration such original Note, the Trustee shall be entitled to recover such replacement Note from the Person to whom it was delivered or any Person taking therefrom, except a protected purchaser, and shall be entitled to
recover upon the security or indemnity provided therefor to the extent of any loss, damage, cost or expense incurred by the Company, the Trustee and any Agent in connection therewith. 

(b) Subject to the provisions of the final sentence of the preceding paragraph, every replacement Note is an additional obligation of the
Company and shall be entitled to all of the benefits of this Indenture equally and proportionately with all other Notes duly issued hereunder. 

Section 2.09. Outstanding Notes. 

(a) The Notes of a series outstanding at any time are all the Notes of such series authenticated by the Trustee except for those canceled by
it, those delivered to it for cancellation, those reductions in the interest in a Global Note of such series effected by the Trustee in accordance with the provisions of this Indenture, and those described in this Section as not outstanding. Except
as set forth in Section 2.10, a Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Note. 

(b) If a Note is replaced pursuant to Section 2.08, it ceases to be outstanding unless the Trustee receives proof satisfactory to it that
the replaced Note is held by a protected purchaser. 

  
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 (c) If the principal amount of any Note is considered paid under Section 4.01, it
ceases to be outstanding and interest on it ceases to accrue. 
 (d) If the Paying Agent (other than the Company, a Subsidiary of the Company
or an Affiliate of any of the foregoing) holds as of 1:00 p.m. New York Time, on a redemption date or other maturity date, money sufficient to pay Notes payable on that date, then on and after that date such Notes shall be deemed to be no
longer outstanding and shall cease to accrue interest. 
 Section 2.10. Treasury Notes. 

In determining whether the Holders of the required principal amount of Notes of a series have concurred in any direction, waiver or consent,
Notes of such series owned by the Company, or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company, shall be considered as though not outstanding, except that for the purposes
of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes of such series that the Trustee knows are so owned shall be so disregarded. 

Section 2.11. Temporary Notes. 

(a) Until certificates representing Notes of either series are ready for delivery, the Company may prepare and the Trustee, upon receipt of an
Authentication Order, shall authenticate temporary Notes of such series. Temporary Notes of such series shall be substantially in the form of Definitive Notes of such series but may have variations that the Company considers appropriate for
temporary Notes and as shall be reasonably acceptable to the Trustee. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate Definitive Notes in exchange for temporary Notes. 

(b) Holders of temporary Notes shall be entitled to all of the benefits of this Indenture. 

Section 2.12. Cancellation. 

The Company at any time may deliver Notes to the Trustee for cancellation. The Registrar and Paying Agent shall forward to the Trustee any
Notes surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel all Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation and shall dispose of canceled
Notes in accordance with its procedures for the disposition of canceled securities in effect as of the date of such disposition (subject to the record retention requirement of the Exchange Act). The Company may not issue new Notes of either series
to replace Notes of such series that they have paid or that have been delivered to the Trustee for cancellation. 
 Section 2.13.
Defaulted Interest. 
 If the Company defaults in a payment of interest on the Notes of a series, it shall pay the defaulted interest
in any lawful manner plus, to the extent lawful, interest payable on the defaulted interest, to the Persons who are Holders of Notes of such series on the record date for the interest payment or a subsequent special record date, in each case at the
rate provided in the Notes of such series and in Section 4.01. The Company shall notify the Trustee in writing of the amount of 

  
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defaulted interest proposed to be paid on each Note of such series and the date of the proposed payment. The Company shall fix or cause to be fixed each such special record date and payment date,
provided that no such special record date shall be less than 10 days prior to the related payment date for such defaulted interest. At least 15 days before the special record date, the Company (or, upon the written request of the Company, the
Trustee in the name and at the expense of the Company) shall mail or cause to be mailed to Holders of Notes of such series a notice that states the special record date, the related payment date and the amount of such interest to be paid. 

Section 2.14. CUSIP Numbers. 

The Company in issuing the Notes may use “CUSIP” or “ISIN” numbers (if then generally in use), and, if so, the Trustee
shall use such numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any
notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Notes, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company shall promptly notify the
Trustee in writing of any change in the “CUSIP” or “ISIN” numbers. 
 Section 2.15. Issuance of Additional
Notes. 
 (a) The Company shall be entitled, from time to time, without notice or the consent of the Holders, to create and issue
Additional Notes of a series under this Indenture, so that such further Notes of such series form a single series with the Initial Notes of such series issued on the Issue Date and have the same terms as to status, redemption or otherwise as the
Initial Notes of such series; provided, however, that if the Additional Notes of such series are not fungible with the Initial Notes of such series for U.S. federal income tax purposes, such Additional Notes shall have a different
CUSIP number to the Initial Notes of such series. 
 (b) With respect to any Additional Notes, the Company shall set forth in the related
Authentication Order the following information: 
 (i) the aggregate principal amount of such Additional Notes to be
authenticated and delivered pursuant to this Indenture; 
 (ii) the issue date and the CUSIP and/or ISIN number of such
Additional Notes; and 
 (iii) whether such Additional Notes shall be subject to the restrictions on transfer set forth in
Section 2.07 hereof relating to Restricted Global Notes and Restricted Definitive Notes. 

  
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 ARTICLE THREE 

REDEMPTION AND PREPAYMENT 

Section 3.01. Notice to Trustee. 

If the Company elects to redeem Notes pursuant to the optional redemption provisions of Section 3.07, it shall furnish to the Trustee, at
least 5 days (unless the Trustee consents to a shorter period) before giving a notice of redemption pursuant to Section 3.03, an Officers’ Certificate setting forth (i) the clause of this Indenture pursuant to which the redemption
shall occur, (ii) the redemption date, (iii) the series and principal amount of Notes of such series to be redeemed and (iv) the applicable redemption price, if then determined and otherwise the method of its determination. 

Section 3.02. Selection of Notes to Be Redeemed. 

(a) If less than all of the Notes of a series are to be redeemed at any time, the Trustee shall select the Notes of such series to be redeemed
among the Holders of such Notes on a pro rata basis, by lot or in accordance with any other method the Trustee deems fair and appropriate (subject to the procedures of DTC or any other Depositary and by maintaining the authorized denominations for
the Notes), or, if the Notes of such series are listed on any securities exchange, by any other method that complies with the requirements of such exchange. In the event of partial redemption by lot, the particular Notes of such series to be
redeemed shall be selected prior to giving a notice of such redemption by the Trustee from the outstanding Notes of such series not previously called for redemption. 

(b) The Trustee shall promptly notify the Company in writing of the Notes selected for redemption and, in the case of any Note selected for
partial redemption, the principal amount at maturity thereof to be redeemed. No Notes in amounts of $2,000 or less shall be redeemed in part. The Trustee may select for redemption portions of the principal of Notes that have denominations larger
than $2,000. Notes and portions of Notes selected shall be in minimum amounts of $2,000 or whole multiples of $1,000 in excess thereof; except that if all of a Holder’s Notes of a series are to be redeemed, the entire outstanding amount of
Notes of such series held by such Holder, even if not a multiple of $1,000, shall be redeemed. Except as provided in the preceding sentence, provisions of this Indenture that apply to Notes of a series called for redemption also apply to portions of
Notes of such series called for redemption. 
 Section 3.03. Notice of Redemption. 

(a) At least 10 days but not more than 60 days before a redemption date, the Company shall send or cause to be mailed, by first class mail, a
notice of redemption to each Holder whose Notes are to be redeemed at its registered address and send a copy to the Trustee at the same time; provided that in connection with a defeasance or satisfaction and discharge in accordance with
Article Eight or Eleven notice may be given more than 60 days prior to the redemption date. 
 The notice shall identify the Notes
(including CUSIP or ISIN number(s)) to be redeemed and shall state: 
 (i) the aggregate principal amount and the Notes to be
redeemed; 

  
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 (ii) the redemption date; 

(iii) the redemption price, if then determined and otherwise the method of its determination; 

(iv) if any Note of a series is being redeemed in part, the portion of the principal amount of such Note to be redeemed and
that, after the redemption date upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion of the original Note shall be issued in the name of the Holder thereof upon cancellation of the original Note; 

(v) the name and address of the Paying Agent; 

(vi) that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price and become due on
the date fixed for redemption; 
 (vii) that, unless the Company defaults in making such redemption payment, interest, if
any, on Notes called for redemption ceases to accrue on and after the redemption date; 
 (viii) the section of this
Indenture pursuant to which the Notes called for redemption are being redeemed; 
 (ix) that no representation is made as to
the correctness or accuracy of the CUSIP or ISIN number, if any, listed in such notice or printed on the Notes; and 
 (x)
any condition to the redemption. 
 (b) At the Company’s request, the Trustee shall give the notice of redemption in the Company’s
name and at its expense; provided, however, that the Company shall have delivered to the Trustee, as provided in Section 3.01, an Officers’ Certificate requesting that the Trustee give such notice and setting forth the
information to be stated in such notice as provided in the preceding paragraph. The notice, if mailed in the manner provided herein shall be presumed to have been given, whether or not the Holder receives such notice. 

Section 3.04. Effect of Notice of Redemption. 

Once notice of redemption is mailed in accordance with Section 3.03, Notes called for redemption become irrevocably due and payable on the
redemption date at the applicable redemption price, subject to satisfaction or waiver of any conditions to the redemption. If any condition to a redemption is not satisfied or waived on or prior to the specified redemption date, the redemption date
may be delayed until such condition is satisfied or waived, or such redemption may be cancelled, at the Company’s option. 

  
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 Section 3.05. Deposit of Redemption Price. 

(a) Prior to 1:00 p.m. New York Time on the Business Day that is the redemption date, the Company shall deposit with the Trustee or with the
Paying Agent money sufficient to pay the redemption price of and accrued interest on all Notes to be redeemed on that date. The Trustee or the Paying Agent shall promptly return to the Company any money deposited with the Trustee or the Paying Agent
by the Company in excess of the amounts necessary to pay the redemption price of, and accrued interest on, all Notes to be redeemed. 
 (b)
If the Company complies with the provisions of the preceding paragraph, on and after the redemption date, interest shall cease to accrue on the Notes or the portions of Notes called for redemption, whether or not such Notes are presented for
payment. If a Note is redeemed on or after an interest record date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest shall be paid to the Holder in whose name such Note was registered at the close of business
on such record date. If any Note called for redemption shall not be so paid upon surrender for redemption because of the failure of the Company to comply with the preceding paragraph, interest shall be paid on the unpaid principal, from the
redemption date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Notes and in Section 4.01. 

Section 3.06. Notes Redeemed in Part. 

Upon surrender of a Note that is redeemed in part, the Company shall issue and the Trustee shall authenticate for the Holder at the expense of
the Company a new Note of the applicable series equal in principal amount to the unredeemed portion of the Note surrendered. No Notes in denominations of $2,000 or less shall be redeemed in part. 

Section 3.07. Optional Redemption. 

(a) 2026 Notes. At any time prior to November 15, 2023 (the “2026 Notes Par Call Date”), the Company may, at its
option, redeem the 2026 Notes, in whole or in part, at a redemption price equal to the applicable Make-Whole Redemption Price, plus accrued and unpaid interest, if any, thereon to, but excluding, the applicable redemption date, subject to the rights
of Holders of record on relevant record dates to receive interest due on an Interest Payment Date. At any time on or after the 2026 Notes Par Call Date, the Company may, at its option, redeem the 2026 Notes, in whole or in part, at a redemption
price equal to 100% of the principal amount of the 2026 Notes being redeemed, plus accrued and unpaid interest, if any, thereon to, but excluding, the applicable redemption date, subject to the rights of Holders of record on relevant record dates to
receive interest due on an Interest Payment Date. 
 (b) 2032 Notes. At any time prior to January 1, 2032 (the “2032
Notes Par Call Date”, and together with the 2026 Notes Par Call Date, the “Par Call Dates”), the Company may, at its option, redeem the 2032 Notes, in whole or in part, at a redemption price equal to the applicable
Make-Whole Redemption Price, plus accrued and unpaid interest, if any, thereon to, but excluding, the applicable redemption date, subject to the rights of Holders of record on relevant record dates to receive interest due on an Interest Payment
Date. At any time on or after the 2032 Notes Par Call Date, the Company may, at its option, redeem the 2032 Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of the 2032 Notes being redeemed, plus accrued and
unpaid interest, if any, thereon to, but excluding, the applicable redemption date, subject to the rights of Holders of record on relevant record dates to receive interest due on an Interest Payment Date 

  
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 (c) Calculation or verification of the calculation of the applicable Make-Whole Redemption
Price is not the responsibility of the Trustee and the Trustee may conclusively rely on an Officers’ Certificate with respect thereto without investigation. 

(d) Any redemption pursuant to this Section 3.07 shall be made pursuant to the provisions of Sections 3.01 through 3.06. 

Section 3.08. Mandatory Redemption. 

The Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes. 

Section 3.09. Application of Trust Money. 

All money deposited with the Trustee pursuant to Section 3.05 shall be held in trust and applied by it, in accordance with the provisions
of the Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any)
and interest for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. 

ARTICLE FOUR 

COVENANTS 

Section 4.01. Payment of Notes. 

(a) The Company shall pay or cause to be paid the principal of, premium, if any, and interest on each series of Notes on the dates and in the
manner provided in such Notes. Principal, premium, if any, and interest shall be considered paid on the date due if the Paying Agent, if other than the Company or one of its Subsidiaries, holds as of 1:00 p.m. New York Time on the due date money
deposited by the Company in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest on such Notes then due. If any Interest Payment Date, Maturity Date, redemption date or other payment date
falls on a day that is not a Business Day, the relevant payment will be made on the next Business Day with the same force and effect as if made on the relevant Interest Payment Date, Maturity Date, redemption date or other payment date. No interest
will accrue for the period from and after the applicable Interest Payment Date, Maturity Date, redemption date or other payment date, as the case may be. 

(b) The Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and
premium, if any, in respect of a series of Notes at the rate then in effect on such series of Notes to the extent lawful; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of
interest (without regard to any applicable grace period) at the same rate to the extent lawful. 

  
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 Section 4.02. Maintenance of Office or Agency. 

(a) The Company shall maintain an office or agency (which may be an office of the Trustee or an agent of the Trustee or Registrar) where Notes
may be surrendered for registration of transfer or for exchange and where notices and demands to or upon the Company in respect of the Notes and this Indenture may be served. The Company shall give prompt written notice to the Trustee of the
location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders,
notices and demands may be made or served at the Corporate Trust Office of the Trustee; provided, however, no service of legal process may be made on the Company at the Corporate Trust Office or any other office of the Trustee. 

(b) The Company may also from time to time designate one or more other offices or agencies where the Notes may be presented or surrendered for
any or all such purposes and may from time to time rescind such designations. The Company shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency.

 (c) The Company hereby designates the Corporate Trust Office of the Trustee as one such office or agency of the Company in accordance with
Section 2.04 of this Indenture; provided, however, no service of legal process may be made on the Company at the Corporate Trust Office or any other office of the Trustee. 

Section 4.03. Reports. 

(a) Whether or not required by the rules and regulations of the Commission, so long as any of the Notes are outstanding, the Company shall file
with the Commission and furnish to the Holders of Notes and the Trustee all quarterly and annual financial information required to be contained in a filing with the Commission on Forms 10-Q and 10-K, including a “Management’s Discussion
and Analysis of Financial Condition and Results of Operations” and, with respect to the annual consolidated financial statements only, a report thereon by the Company’s independent auditors. 

(b) For so long as any of the Notes remain outstanding and constitute “restricted securities” under Rule 144, the Company will
furnish to the Holders of such Notes and prospective investors, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act. 

(c) The Company shall be deemed to have furnished such reports to the Trustee and the Holders of Notes if it has filed such reports with the
Commission using the EDGAR filing system and such reports are publicly available, it being understood that the Trustee shall have no responsibility to determine if such filings have been made. 

  
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 Section 4.04. Compliance Certificate. 

(a) The Company shall deliver to the Trustee, on or before a date not more than 90 days after the end of each fiscal year, an Officers’
Certificate stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining whether the Company has kept, observed,
performed and fulfilled its obligations under this Indenture and further stating, as to each such Officer signing such certificate, that to the best of his or her knowledge, the Company has kept, observed, performed and fulfilled its obligations
under this Indenture and is not in default in the performance or observance of any of the material terms, provisions and conditions of this Indenture (or, if a Default or Event of Default shall have occurred and be continuing, describing all such
Defaults or Events of Default of which he or she may have knowledge and what action the Company is taking or proposes to take with respect thereto). Delivery of reports, information and documents to the Trustee is for informational purposes only and
its receipt of such reports shall not constitute actual or constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants under the
Indenture or the Notes (as to which the Trustee is entitled to rely exclusively on an Officers’ Certificate). The Trustee shall have no responsibility for the filing, timeliness or content of such reports. The Trustee shall not be obligated to
monitor or confirm, on a continuing basis or otherwise, the Company’s compliance with the covenants or with respect to any reports or other documents filed with the Commission using the EDGAR filing system or the Company’s website under
the Indenture, or participate in any conference calls. 
 (b) The Company shall, so long as any of the Notes are outstanding, notify the
Trustee in writing on or before the thirtieth day after it has knowledge of the occurrence and continuance of any Default and on or promptly thereafter, deliver to the Trustee an Officers’ Certificate specifying such Default and what action the
Company is taking or proposes to take with respect thereto. 
 Section 4.05. Taxes. 

The Company shall pay, and shall cause each of its Subsidiaries (other than its Immaterial Subsidiaries) to pay, prior to delinquency, any
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 would not have a material adverse effect on the Company and its Restricted
Subsidiaries, taken as a whole. 
 Section 4.06. Stay, Extension and Usury Laws. 

The Company covenants (to the extent that it may lawfully do so) that it shall 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 shall not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but shall suffer and
permit the execution of every such power as though no such law has been enacted. 

  
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 Section 4.07. Liens Securing Funded Debt. 

The Company, for the benefit of the Notes (i) shall not, and shall not permit any Restricted Subsidiary to, create, incur or assume any
Funded Debt secured by any Liens (other than Permitted Liens) upon any of the properties of the Company or any Restricted Subsidiary and (ii) shall not, and shall not permit any Subsidiary to, create, incur or assume any Funded Debt secured by
any Liens (other than Permitted Liens) upon the Capital Stock of any Restricted Subsidiary or the Capital Stock of any Subsidiary that owns, directly or indirectly through ownership in another Subsidiary, the Capital Stock of any Restricted
Subsidiary, unless (as to each of clauses (i) and (ii)) the Notes or the Guarantee (if any) of such Restricted Subsidiary, as applicable, (together with, if the Company shall so determine, any other Indebtedness or other obligation of the
Company or such Restricted Subsidiary which is not subordinate in right of payment to the prior payment in full of the Notes) are equally and ratably secured for so long as such Funded Debt shall be so secured; provided that if such Funded
Debt is expressly subordinated to the Notes or a related Guarantee, if any, the Lien securing such Funded Debt shall be subordinated and junior to the Lien securing such Notes or such Guarantee. Notwithstanding the foregoing provisions, the Company
or any Subsidiary may create, incur or assume Funded Debt secured by Liens which would otherwise be subject to the restrictions of such section, if the aggregate principal amount of such Funded Debt and all other Funded Debt of the Company and any
Subsidiary theretofore created, incurred or assumed pursuant to the exception in this sentence and outstanding at such time does not exceed 15% of the Adjusted Consolidated Net Tangible Assets of the Company (the “Secured Debt
Basket”). 
 Section 4.08. Issuances of Guarantees by Restricted Subsidiaries. 

The Company shall provide to the Trustee, on or prior to the 90th day after the date any Restricted Subsidiary of the Company (which is not a
Guarantor) becomes a guarantor or obligor in respect of any Indebtedness of the Company or any of the Guarantors under a Credit Facility or the Existing Notes, in each case, a supplemental indenture to this Indenture, substantially in the form of
Exhibit E hereto, executed by such Restricted Subsidiary, providing for a Guarantee of the Notes by such Restricted Subsidiary on the terms set forth in Article Ten. 

Section 4.09. Sale Leaseback Transactions. 

(a) The Company shall not, and shall not permit any Restricted Subsidiary to, enter into any Sale/Leaseback Transaction with any Person (other
than the Company or any other Subsidiary) unless: 
 (i) the Company or such Restricted Subsidiary would be entitled to incur
Funded Debt secured by Liens in a principal amount equal to the Attributable Indebtedness (treated as if such Attributable Indebtedness were Funded Debt) with respect to such Sale/Leaseback Transaction in accordance with Section 4.07;
provided, however, that Attributable Indebtedness in respect of any Sale/Leaseback Transaction entered into pursuant to this clause (i) shall not count against the amount of Funded Debt permitted under the Secured Debt Basket for
any other purpose, including when determining the amount available thereunder for future Sale/Leaseback Transactions or any Funded Debt transactions; or 

  
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 (ii) the Company or such Restricted Subsidiary receives proceeds from such
Sale/Leaseback Transaction at least equal to the fair market value thereof (as determined in good faith by the Company) and such proceeds are applied in accordance Section 4.09(b) or (c). 

(b) The Company may apply Net Available Proceeds from a Sale/Leaseback Transaction, within 365 days following the receipt of Net Available
Proceeds from such Sale/Leaseback Transaction, to: 
 (i) the repayment of Indebtedness of the Company or a Restricted
Subsidiary under Credit Facilities or other Senior Indebtedness, including any mandatory redemption or repurchase or make-whole redemption of the Existing Notes or the Notes; 

(ii) make an Investment in assets used in the Oil and Gas Business; or 

(iii) develop by drilling the Company’s oil and gas reserves; 

provided, that the Company shall be deemed to have complied with clause (ii) or clause (iii) of this Section 4.09(b), as applicable, if,
within 365 days of such Sale/Leaseback Transaction, the Company shall have commenced and not completed or abandoned an Investment or development within the scope of such clause (ii) or clause (iii), respectively, or shall have executed a
binding agreement with respect to an Investment or development within the scope of such clause (ii) or clause (iii), respectively, and such Investment or development is substantially completed within a date one year and six months after
the date of such Sale/Leaseback Transaction. 
 (c) If, upon completion of the 365-day period following the receipt of Net Available Proceeds
from a Sale/Leaseback Transaction, any portion of the Net Available Proceeds from such Sale/Leaseback Transaction shall not have been applied by the Company as described in clauses (i), (ii) or (iii) of Section 4.09(b) and such
remaining Net Available Proceeds, together with any remaining net cash proceeds from any prior Sale/Leaseback Transaction (such aggregate constituting “Excess Proceeds”), exceed $20.0 million, then the Company shall make an
offer (the “Net Proceeds Offer”) to purchase the Notes and any other Senior Indebtedness in respect of which such an offer to purchase is also required to be made concurrently with the Net Proceeds Offer having an aggregate
principal amount equal to the Excess Proceeds (such purchase to be made on a pro rata basis if the amount available for such repurchase is less than the principal amount of the Notes and other such Senior Indebtedness tendered in such Net Proceeds
Offer) at a purchase price of 100% of the principal amount thereof plus accrued and unpaid interest thereon to, but excluding, the date of repurchase (the “Net Proceeds Purchase Price”). Upon the completion of such Net Proceeds
Offer, the amount of Excess Proceeds shall be reset to zero. 
 (d) Within 15 days after the Company becomes obligated to make a Net Proceeds
Offer (a “Net Proceeds Offer Triggering Event”), the Company shall send or cause to be sent to all Holders (with a copy to the Trustee) on the date of the Net Proceeds Offer Triggering Event a notice of the occurrence of such Net
Proceeds Offer Triggering Event and of the Holders’ rights arising as a result thereof (the “Net Proceeds Offer Notice”). The Net Proceeds Offer Notice will state, among other things: 

  
 47 

 (1) that the Company is offering to purchase Notes pursuant to the
provisions of this Indenture; 
 (2) that any Note (or any portion thereof) accepted for payment (and duly paid on the Net
Proceeds Purchase Date) pursuant to the Net Proceeds Offer shall cease to accrue interest on the Net Proceeds Purchase Date; 

(3) that any Notes (or portions thereof) not properly tendered will continue to accrue interest; 

(4) the Net Proceeds Purchase Price and purchase date, which shall be, subject to any contrary requirements of applicable law,
no less than 30 days nor more than 60 days after the date the Net Proceeds Offer Notice is mailed (the “Net Proceeds Purchase Date”); 

(5) the aggregate principal amount of Notes to be purchased; 

(6) a description of the procedure which Holders of Notes must follow in order to tender their Notes and the procedures that
Holders of Notes must follow in order to withdraw an election to tender their Notes for payment; and 
 (7) all other
instructions and materials necessary to enable Holders of Notes to tender Notes pursuant to the Net Proceeds Offer. 
 (e) A Net Proceeds
Offer will be deemed to have commenced upon sending of the Offer Notice for such Net Proceeds Offer and will terminate 20 Business Days after its commencement, unless a longer offering period is required by law. Promptly after the termination of a
Net Proceeds Offer, the Company shall purchase and mail or deliver payment for all Notes tendered and accepted in response to such Net Proceeds Offer. 

(f) The Company will comply, to the extent applicable, with the requirements of Rule 14e-1 under the
Exchange Act and any other securities laws or regulations thereunder to the extent such laws and regulations are applicable in connection with the purchase of Notes as described above. To the extent that the provisions of any securities laws or
regulations conflict with the provisions relating to a Net Proceeds Offer, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Section 4.09 by virtue
thereof. 
 (g) Holders electing to have Notes purchased hereunder will be required to surrender such Notes at the address specified in the
notice prior to the Net Proceeds Purchase Date. Holders will be entitled to withdraw their election to have their Notes purchased pursuant to this Section 4.09 if the Company receives, not later than one Business Day prior to the Net Proceeds
Purchase Date, a telegram, telex, facsimile transmission or letter setting forth (i) the name of the Holder, (ii) the certificate number of the Note in respect of which such notice of withdrawal is being submitted, (iii) the principal
amount of the Note (which shall be in minimum denominations of $2,000 or whole multiples of $1,000 in excess thereof) delivered for purchase by the Holder as to which his election is to be withdrawn, (iv) a statement that such Holder is
withdrawing his election to have such principal amount of such Note purchased, and (v) the principal amount, if any, of such Note (which shall be in minimum denominations of $2,000 or whole multiples of $1,000 in excess thereof) that remains
subject to the original Net Proceeds Offer Notice and that has been or will be delivered for purchase by the Company. 

  
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 (h) On the Net Proceeds Purchase Date, the Company shall, to the extent lawful,
(i) accept for payment Notes or portions thereof tendered pursuant to the Net Proceeds Offer, (ii) not later than 1:00 p.m. (New York time) on the Net Proceeds Purchase Date, deposit with the Paying Agent an amount equal to the payment in
respect of all Notes or portions thereof so tendered, and (iii) not later than 1:00 p.m. (New York time) on the Net Proceeds Purchase Date, deliver to the Paying Agent the Notes so accepted together with an Officers’ Certificate stating
the Notes or portions thereof tendered to the Company. The Depositary, the Company or the Paying Agent shall promptly mail or deliver to each Holder of Notes so accepted payment in an amount equal to the Net Proceeds Purchase Price for such Notes,
and the Trustee shall promptly authenticate and mail or deliver to each Holder new Notes of the applicable series equal in principal amount to any unpurchased portion of the Notes surrendered, if any, provided that each such new Notes will be
in a minimum principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. Any Notes not so accepted shall be promptly mailed or delivered by the Paying Agent at the Company’s expense to the Holder thereof. For purposes of
this Section 4.09, the Company shall choose a Paying Agent which shall not be the Company. 
 (i) The Trustee and the Paying Agent shall
return to the Company, upon its request, any cash that remains unclaimed for two years after an Net Proceeds Purchase Date, together with interest, if any, thereon (subject to Section 7.01(f) held by them for the payment of the Net Proceeds
Purchase Price, as the case may be; and the Holder of such tendered and accepted Note shall thereafter look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such cash, and all liability
of the Company as trustee thereof, shall thereupon cease; provided, however, that the Company shall cause to be published once in The New York Times and The Wall Street Journal (national edition) or send to each Holder
entitled to such money notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining
shall be repaid to the Company; provided, further however, that (x) to the extent that the aggregate amount of cash deposited by the Company with the Trustee in respect of a Net Proceeds Offer, as the case may be, exceeds the
aggregate Net Proceeds Purchase Price of the Notes or portions thereof to be purchased, then the Trustee shall hold such excess for the Company and (y) unless otherwise directed by the Company in writing, promptly after the Business Day
following the Net Proceeds Purchase Date, as the case may be, the Trustee shall return any such excess to the Company together with interest or dividends, if any, thereon (subject to Section 7.01(f)). 

(j) Notes to be purchased shall, on the Net Proceeds Purchase Date, become due and payable at the Net Proceeds Purchase Price, and from and
after such date (unless the Company shall default in the payment of the Net Proceeds Purchase Price) such Notes shall cease to bear interest. Such Net Proceeds Purchase Price shall be paid to such Holder promptly following the later of the Net
Proceeds Purchase Date and the time of delivery of such Note to the relevant Paying Agent at the office of such Paying Agent by the Holder thereof in the manner required. Upon surrender of any such Note for purchase in accordance with the foregoing
provisions, such Note shall be paid by the Company at the Net Proceeds Purchase Price; provided, however, that installments of interest whose Stated Maturity is on or prior to the Net Proceeds Purchase Date

  
 49 

 
shall be payable to the Person in whose name the Notes are registered as such on the relevant record dates according to the terms and the provisions of Section 2.03; provided further
in the event the Excess Proceeds allocable to the Notes are less than the aggregate Net Proceeds Purchase Price of all Notes tendered for purchase, such Notes tendered for purchase shall be selected on a pro rata basis with such adjustments as may
be appropriate by the Company so that only Notes in minimum denominations of $2,000 or whole multiples of $1,000 in excess thereof, shall be purchased. If any Note tendered for purchase shall not be so paid upon surrender thereof by deposit of funds
with the Trustee or a Paying Agent in accordance with Section 4.09(h), the principal thereof (and premium, if any, thereon) shall, until paid, bear interest from the Net Proceeds Purchase Date at the rate borne by such Note. Any Note that is to
be purchased only in part shall be surrendered to a Paying Agent at the office of such Paying Agent (with, if the Company, the Registrar or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the
Company and the Registrar or the Trustee duly executed by, the Holder thereof or such Holder’s attorney duly authorized in writing), and the Company shall execute and the Trustee shall authenticate and deliver to the Holder of such Note,
without service charge, one or more new Notes of the applicable series of any authorized denomination as requested by such Holder in an aggregate principal amount equal to, and in exchange for, the portion of the principal amount of the Note so
surrendered that is not purchased. The Company shall publicly announce the results of the Net Proceeds Offer on or as soon as practicable after the Net Proceeds Purchase Date. 

Section 4.10. Unrestricted Subsidiaries. 

(a) The Board of Directors of the Company may after the Issue Date designate any Subsidiary as an “Unrestricted Subsidiary”
under this Indenture (a “Designation”) only if: 
 (i) no Default or Event of Default shall have occurred
and be continuing at the time of or after giving effect to such Designation; 
 (ii) such Unrestricted Subsidiary does not
own any Capital Stock in any Restricted Subsidiary of the Company which is not simultaneously being designated an Unrestricted Subsidiary; 

(iii) such Unrestricted Subsidiary is not liable, directly or indirectly, with respect to any Indebtedness other than
Unrestricted Subsidiary Indebtedness, provided that an Unrestricted Subsidiary may provide a Guarantee for the Notes; and 

(iv) such Unrestricted Subsidiary is not a party to any agreement, contract, arrangement or understanding at such time with the
Company or any Restricted Subsidiary unless the terms of any such agreement, contract, arrangement or understanding are no less favorable to the Company or such Restricted Subsidiary than those that might be obtained at the time from Persons who are
not Affiliates of the Company. 
 (b) The Company will not and will not cause or permit any Restricted Subsidiary to at any time: 

(i) provide credit support for, guarantee or subject any of its property or assets (other than the Capital Stock of any
Unrestricted Subsidiary) to the satisfaction of, any Indebtedness of any Unrestricted Subsidiary (including any undertaking, agreement or instrument evidencing such Indebtedness); or 

  
 50 

 (ii) be directly or indirectly liable for any Indebtedness of any
Unrestricted Subsidiary, 
 (other than, with respect to clauses (i) and (ii), any such Indebtedness (1) outstanding on the date hereof or
(2) incurred to finance property and improvements constituting the Company’s corporate headquarters or other principal place of business). 

For purposes of the foregoing, the Designation of a Subsidiary of the Company as an Unrestricted Subsidiary shall be deemed to be the
Designation of all present and future Subsidiaries of such Subsidiary as Unrestricted Subsidiaries. Unless so designated as an Unrestricted Subsidiary, any Person that becomes a Subsidiary of the Company will be classified as a Restricted
Subsidiary. As of the Issue Date, 20 Broadway Associates LLC, The Mineral Resources Company II, LLC and SFPG, LLC, wholly owned Subsidiaries of the Company, are designated as Unrestricted Subsidiaries. 

(c) The Company may revoke any Designation of a Subsidiary as an Unrestricted Subsidiary (a “Revocation”) if: 

(i) no Default or Event of Default shall have occurred and be continuing at the time of and after giving effect to such
Revocation; and 
 (ii) all Liens and Indebtedness of such Unrestricted Subsidiary outstanding immediately following such
Revocation would, if incurred at such time, have been permitted to be incurred for all purposes of this Indenture. 
 (d) All Designations
and Revocations must be evidenced by a Board Resolution of the Board of Directors of the Company delivered to the Trustee in an Officers’ Certificate certifying compliance with the foregoing provisions of this Section 4.10. 

Section 4.11. Offer to Repurchase Upon a Change of Control. 

(a) If a Change of Control Triggering Event occurs with respect to a series of Notes, each Holder of Notes of such series will have the right
to require that the Company purchase all or any part (in minimum amounts of $2,000 or whole multiples of $1,000 in excess thereof) of such Holder’s Notes pursuant to the offer described below (the “Change of Control Offer”). In
the Change of Control Offer, the Company will offer to purchase all of the Notes of such series, at a purchase price (the “Change of Control Purchase Price”) in cash in an amount equal to 101% of the principal amount of such Notes,
plus accrued and unpaid interest, if any, to, but excluding, the date of purchase (the “Change of Control Purchase Date”), subject to the rights of Holders of record of such Notes on relevant record dates to receive interest due on
an Interest Payment Date. 
 (b) Within 30 days after the date upon which any Change of Control Triggering Event occurred with respect to a
series of Notes or, at the Company’s option, prior to such Change of Control but after it is publicly announced, the Company must notify the Trustee in writing and give written notice of the Change of Control Triggering Event (the
“Change of Control Purchase Notice”) to each Holder of Notes of such series, by first-class mail, postage prepaid, at his address appearing in the security register. The Change of Control Purchase Notice must state, among
other things: 

  
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 (1) that a Change of Control Triggering Event with respect to such series of
Notes has occurred or will occur and the date of such event; 
 (2) the circumstances and relevant facts regarding such
Change of Control Triggering Event; 
 (3) the Change of Control Purchase Price and the Change of Control Purchase Date,
which shall be fixed by the Company on a Business Day no earlier than 30 days nor later than 60 days from the date the notice is mailed, or such later date as is necessary to comply with requirements under the Exchange Act; provided that the
Change of Control Purchase Date may not occur prior to the Change of Control Triggering Event; 
 (4) that any Note not
tendered will continue to accrue interest; 
 (5) that, unless the Company defaults in the payment of the Change of Control
Purchase Price, any Notes accepted for payment pursuant to the Change of Control Offer shall cease to accrue interest on and after the Change of Control Purchase Date; and 

(6) other procedures that a Holder of such Notes must follow to accept a Change of Control Offer or to withdraw acceptance of
the Change of Control Offer. 
 (c) Upon receipt by the Company of the proper tender of Notes, the Holder of the applicable Note in respect
of which such proper tender was made shall (unless the tender of such Note is properly withdrawn at least one Business Day prior to the Change of Control Purchase Date) thereafter be entitled to receive solely the Change of Control Purchase Price
with respect to such Notes. Upon surrender of any such Note for purchase in accordance with the foregoing provisions, such Note shall be paid by the Company at the Change of Control Purchase Price; provided, however, that installments
of interest whose Stated Maturity is on or prior to the Change of Control Purchase Date shall be payable to the Holders of such Notes, registered as such on the relevant record dates according to the terms and the provisions of Section 2.03. If
any Note tendered for purchase in accordance with the provisions of this Section 4.11 shall not be so paid upon surrender thereof, the principal thereof (and premium, if any, thereon) shall, until paid, bear interest from the Change of Control
Purchase Date at the rate borne by such Note. Holders electing to have Notes purchased will be required to surrender such Notes to the Paying Agent at the address specified in the Change of Control Purchase Notice at least one Business Day prior to
the Change of Control Purchase Date. Any Note that is to be purchased only in part shall be surrendered to a Paying Agent at the office of such Paying Agent (with, if the Company, the Registrar or the Trustee so require, due endorsement by, or a
written instrument of transfer in form satisfactory to the Company and the Registrar or the Trustee, as the case may be, duly executed by, the applicable Holder thereof or such Holder’s attorney duly authorized in writing), and the Company
shall execute and the Trustee shall authenticate and deliver to the Holder of such Note, without service charge, one or more new Notes of the applicable series of any authorized denomination as requested by such Holder in an aggregate principal
amount equal to, and in exchange for, the portion of the principal amount of the Note so surrendered that is not purchased. 

  
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 (d) The Company shall (i) not later than the Change of Control Purchase Date, accept
for payment Notes or portions thereof properly tendered pursuant to the Change of Control Offer, (ii) not later than 1:00 p.m. (New York time) on the Business Day following the Change of Control Purchase Date, deposit with the Trustee or with a
Paying Agent an amount of money in same day funds sufficient to pay the aggregate Change of Control Purchase Price of all the Notes or portions thereof which have been so accepted for payment and (iii) not later than 1:00 p.m. (New York time)
on the Business Day following the Change of Control Purchase Date, deliver to the Paying Agent an Officers’ Certificate stating the Notes or portions thereof accepted for payment by the Company. The Paying Agent shall promptly mail or deliver
to Holders of Notes so accepted payment in an amount equal to the Change of Control Purchase Price of the Notes purchased from each such Holder, and the Company shall execute and the Trustee shall promptly authenticate and mail or deliver to such
Holders a new Note equal in principal amount to any unpurchased portion of the Note surrendered. Any Notes not so accepted shall be promptly mailed or delivered by the Paying Agent at the Company’s expense to the Holder thereof. The Company
will publicly announce the results of the Change of Control Offer on the Change of Control Purchase Date. For purposes of this Section 4.11, the Company shall choose a Paying Agent which shall not be the Company. 

(e) A tender made in response to a Change of Control Purchase Notice may be withdrawn if the Company receives, not later than one Business Day
prior to the Change of Control Purchase Date, a telegram, telex, facsimile transmission or letter, specifying, as applicable: 

(1) the name of the Holder; 

(2) the certificate number of the Note in respect of which such notice of withdrawal is being submitted; 

(3) the principal amount of the Note (which shall be in minimum denominations of $2,000 or whole multiples of $1,000 in excess
thereof) delivered for purchase by the Company as to which such notice of withdrawal is being submitted; 
 (4) a statement
that such Holder is withdrawing his election to have such principal amount of such Note purchased; and 
 (5) the principal
amount, if any, of such Note (which shall be in minimum denominations of $2,000 or whole multiples of $1,000 in excess thereof) that remains subject to the original Change of Control Purchase Notice and that has been or will be delivered for
purchase by the Company. 
 (f) The Trustee and the Paying Agent shall return to the Company, upon its request, any cash that remains
unclaimed for two years after a Change of Control Purchase Date together with interest or dividends, if any, thereon (subject to Section 7.01(f)), held by them for the payment of the Change of Control Purchase Price; and the Holder of such
tendered and accepted Note shall thereafter look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such cash, and all liability of the Company as trustee thereof, shall

  
 53 

 
thereupon cease; provided, however, that the Company shall cause to be published once in The New York Times and The Wall Street Journal (national edition) or send to
each Holder entitled to such money notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then
remaining shall be repaid to the Company; provided, further however, that (x) to the extent that the aggregate amount of cash deposited by the Company pursuant to clause (ii) of paragraph (d) of this Section 4.11
exceeds the aggregate Change of Control Purchase Price of the Notes of either series or portions thereof to be purchased, then the Trustee shall hold such excess for the Company and (y) unless otherwise directed by the Company in writing,
promptly after the Business Day following the Change of Control Purchase Date the Trustee shall return any such excess to the Company together with interest, if any, thereon (subject to Section 7.01(f)). 

(g) The Company shall comply with the applicable tender offer rules, including Rule 14e-1 under the
Exchange Act, and any other applicable securities laws or regulations in connection with a Change of Control Offer. To the extent that the provisions of any securities laws or regulations conflict with this Section 4.11, the Company shall
comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under this Section 4.11 by virtue of such conflict. 

(h) Notwithstanding the foregoing, the Company shall not be required to make a Change of Control Offer (i) upon a Change of Control
Triggering Event if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to a Change of Control Offer made by the Company and purchases
all Notes validly tendered and not withdrawn under such Change of Control Offer or (ii) if notice of redemption for 100% of the aggregate principal amount of the outstanding Notes of the series in respect of which a Change of Control Triggering
Event occurred has been given pursuant to Section 3.07, unless and until there is a default in payment of the applicable redemption price. 

(i) In the event that Holders of not less than 90% of the aggregate principal amount of the outstanding Notes of a series accept a Change of
Control Offer and the Company purchases all of the Notes of such series held by such Holders, the Company will have the right, upon not less than 10 nor more than 60 days’ prior notice, given not more than 30 days following the purchase
pursuant to the Change of Control Offer described under this Section 4.11, to redeem all of the Notes of such series that remain outstanding following such purchase at a redemption price equal to 101% of the aggregate principal amount of Notes
redeemed plus accrued and unpaid interest, if any, thereon to, but excluding, the date of redemption, subject to the right of the Holders of record on relevant record dates to receive interest due on an Interest Payment Date. 

Section 4.12. Corporate Existence. 

Subject to Article Five, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect the
corporate or comparable existence of the Company and each Restricted Subsidiary; provided that the Company is not required to preserve any the existence of any Restricted Subsidiary, if the maintenance or preservation thereof is no longer
desirable in the conduct of the business of the Company and its Restricted Subsidiaries taken as a whole. 

  
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 ARTICLE FIVE 

SUCCESSORS 

Section 5.01. Consolidation, Merger and Sale of Assets. 

(a) The Company will not consolidate or merge with or into any Person or sell, convey, lease or otherwise dispose of all or substantially all
of assets to any Person, unless: 
 (1) the Person formed by or surviving such consolidation or merger (if other than the
Company), or to which such sale, lease, conveyance or other disposition shall be made (collectively, the “Successor”), is a corporation, limited liability company, general partnership or limited partnership organized and existing
under the laws of the United States of America or any state thereof or the District of Columbia and the Successor assumes, by supplemental indenture, all the obligations of the Company under this Indenture and the Note; provided that unless
the Successor is a corporation, a corporate co-issuer of the Notes will be added to this Indenture by such supplemental indenture; and 

(2) immediately after giving effect to such transaction, no Event of Default shall have occurred and be continuing. 

(b) Except as provided in Section 10.04, each Guarantor will not consolidate or merge with or into any other Person (other than the
Company or any other Guarantor), unless: 
 (1) the Person formed by or surviving any such consolidation or merger (if other
than such Guarantor) assumes all the obligations of such Guarantor under this Indenture and the Notes pursuant to a supplemental indenture; and 

(2) immediately after giving effect to such transaction, no Default or Event of Default exists. 

This Section 5.01(b) shall not prohibit a merger between Guarantors or a merger between the Company and a Guarantor. 

(c) In the event of any transaction (other than a lease) described in and complying with the conditions listed in paragraphs (a) and
(b) of this Section 5.01 in which the Company or any Guarantor, as the case may be, is not the continuing Person, the successor Person formed or remaining or to which such disposition is made shall succeed to, and be substituted for, and
may exercise every right and power of, the Company or such Guarantor, as the case may be, and the Company or any Guarantor, as the case may be, shall be discharged from all obligations and covenants under this Indenture and the Notes or its
Guarantee, as the case may be. 
 (d) Notwithstanding the foregoing, the Company or any Guarantor may merge with an Affiliate of it
incorporated or organized solely for the purpose of reincorporating or reorganizing the Company or Guarantor in another jurisdiction to realize tax or other benefits. 

  
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 ARTICLE SIX 

DEFAULTS AND REMEDIES 

Section 6.01. Events of Default. 

An “Event of Default” will occur with respect to each series of Notes if: 

(1) there shall be a default by the Company or any Guarantor in the payment of principal of or any premium on such Notes when
due and payable at its Maturity (upon acceleration, optional or mandatory redemption, if any, required repurchase or otherwise); 

(2) there shall be a default by the Company or any Guarantor in the payment of any installment of interest on such Notes when
it becomes due and payable, and such default shall continue for a period of 30 days; 
 (3) there shall be a default on any
other Indebtedness of the Company or any Guarantor and either: 
 (A) such default results in the acceleration of the
maturity of any such Indebtedness having a principal amount of $25.0 million or more individually or, taken together with the principal amount of any other such Indebtedness the maturity of which has been so accelerated, in the aggregate; or

 (B) such default results from the failure to pay when due principal of any such Indebtedness, after giving effect to any
applicable grace period (a “Payment Default”), having a principal amount of $25.0 million or more individually or, taken together with the principal amount of any other Indebtedness under which there has been a Payment Default,
in the aggregate; 
 provided that if any such default is cured or waived or any such acceleration is rescinded, or such Indebtedness
is repaid, within a period of 30 days from the continuation of such default beyond any applicable grace period or the occurrence of such acceleration, as the case may be, such Event of Default and any consequent acceleration of such Notes shall be
rescinded, so long as any such rescission does not conflict with any judgment or decree or applicable provision of law; 

(4) there shall be a default in the performance or breach of the provisions of Article Five, the Company shall have failed
to make or consummate a Net Proceeds Offer in accordance with Section 4.09, or the Company shall have failed to make or consummate a Change of Control Offer or pay the Change of Control Purchase Price when due in accordance with
Section 4.11; 
 (5) there shall be a default in the performance, or breach of, any covenant or agreement of the Company
or any Guarantor in this Indenture applicable to such series of Notes and, in each such case, failure to remedy such default within a period of 60 days after written notice thereof from the Trustee or Holders of 25% of the principal amount of such
series of Notes; provided, however, that the Company will have 90 days following such written notice to remedy or receive a waiver for any failure to comply with its obligations under this Indenture so long as the Company is attempting
to remedy any such failure as promptly as reasonably practicable; 

  
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 (6) any Guarantee of such series of Notes shall for any reason cease to be,
or shall for any reason be asserted in writing by any Guarantor or the Company not to be, in full force and effect and enforceable in accordance with its terms, except to the extent contemplated by this Indenture and any such Guarantee; 

(7) the entry by a court having jurisdiction in the premise of (i) a decree or order for relief in respect of the Company
or any Guarantor, in an involuntary case or proceeding under any Bankruptcy Law or (ii) a decree or order adjudging the Company or any Guarantor, a bankrupt or insolvent, or approving as properly filed a petition seeking reorganization,
arrangement, adjustment or composition of or in respect of the Company or any Guarantor, under any applicable Bankruptcy Law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company
or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order for relief or any such other decree or order described in clause (i) or (ii) above is
unstayed and in effect for a period of 60 consecutive days; or 
 (8) (i) the commencement by the Company or any Guarantor,
of a voluntary case or proceeding under any applicable Bankruptcy Law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or (ii) the consent by the Company, to the entry of a decree or order for relief in respect of
the Company or any Guarantor, in an involuntary case or proceeding under any applicable Bankruptcy Law or to the commencement of any bankruptcy or insolvency case or proceeding against the Company, or (iii) the filing by the Company, of a
petition or answer or consent seeking reorganization or relief under any applicable Bankruptcy Law, or (iv) the consent by the Company to the filing of such petition or to the appointment of or the taking possession by a custodian, receiver,
liquidator, assignee, trustee, sequestrator or other similar official of the Company or of any substantial part of its property, or (v) the making by the Company or any Guarantor, of a general assignment for the benefit of creditors, or the
admission by the Company or any Guarantor, in writing of its inability to pay its debts generally as they become due. 
 Section 6.02.
Acceleration. 
 (a) If an Event of Default (other than as specified in clause (7) or clause (8) of Section 6.01) shall
occur with respect to either series of Notes and be continuing with respect to this Indenture, the Trustee or the Holders of not less than 25% in aggregate principal amount of the Notes of such series then outstanding may, and the Trustee at the
request of such Holders shall, declare all unpaid principal of, and accrued but unpaid interest on, all the Notes of such series then outstanding to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given
by the Holders of the applicable Notes). Upon such a declaration, such principal and accrued and unpaid interest shall become due and payable immediately. If an Event of Default specified in clause (7) or clause (8) of Section 6.01
occurs and is continuing with respect to the Company or any Guarantor, then all the Notes of such series shall ipso facto become due and 

  
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payable immediately in an amount equal to the principal amount of the Notes of such series, together with accrued and unpaid interest, if any, to the date the applicable Notes become due and
payable, without any declaration or other act on the part of the Trustee or any Holder of such Notes. Thereupon, the Trustee may, at its discretion, proceed to protect and enforce the rights of the Holders of such Notes by appropriate judicial
proceedings. 
 (b) After an acceleration with respect to a series of Notes, but before a judgment or decree for payment of the money due has
been obtained by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Notes of such series by written notice to the Company and the Trustee, on behalf of the Holders of Notes of such series, may rescind and annul
such declaration and its consequences if: 
 (1) the Company has paid or deposited with the Trustee a sum sufficient to pay
(A) all sums paid or advanced by the Trustee under this Indenture and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, (B) all overdue interest on all Notes of such series then
outstanding, (C) the principal of, and premium, if any, on any Notes of such series then outstanding which have become due otherwise than by such declaration of acceleration and interest thereon at the rate borne by the Notes of such series and
(D) to the extent that payment of such interest is lawful, interest upon overdue interest at the rate borne by the Notes of such series; 

(2) the rescission would not conflict with any judgment or decree of a court of competent jurisdiction; and 

(3) all Events of Default, other than the non-payment of principal of, premium, if any,
and interest on the Notes of such series which have become due solely by such declaration of acceleration, have been cured or waived as provided in this Indenture. 

(c) No such rescission shall affect any subsequent default or impair any right consequent thereon. 

Section 6.03. Other Remedies. 

(a) If an Event of Default occurs and is continuing with respect to a series of Notes, the Trustee may pursue any available remedy to collect
the payment of principal, premium, if any, or interest on the Notes of such series or to enforce the performance of any provision of the Notes of such series or this Indenture. 

(b) The Trustee may maintain a proceeding even if it does not possess any of the Notes of such series or does not produce any of them in the
proceeding. A delay or omission by the Trustee or any Holder of a Note of such series in exercising any right or remedy accruing upon and during the continuance of an Event of Default shall not impair the right or remedy or constitute a waiver of or
acquiescence in the Event of Default. All remedies are cumulative to the extent permitted by law. 

  
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 Section 6.04. Waiver of Past Defaults. 

The Holders of not less than a majority in aggregate principal amount of the outstanding Notes of either series, by written notice to the
Trustee and the Company, may on behalf of the Holders of all outstanding Notes of such series waive any existing Default or Event of Default under this Indenture and its consequences, except a continuing Default or Event of Default (1) in the
payment of the principal of, premium, if any, or interest on any Note of such series (which may only be waived with the consent of each Holder of Notes affected) or (2) in respect of a covenant or provision which under this Indenture cannot be
modified or amended without the consent of the Holder of each Note of such series affected by such modification or amendment. The Company shall deliver to the Trustee an Officers’ Certificate stating that the requisite percentage of Holders of
such series of Notes have consented to such waiver and attaching a tender agent’s report or other information evidencing such consent. In case of any such waiver, the Company, the Trustee and the Holders shall be restored to their former
positions and rights hereunder and under the applicable Notes, respectively. Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture;
but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. 
 Section 6.05. Control
by Majority. 
 Subject to Section 7.01(e), the Holders of a majority in aggregate principal amount of the then outstanding Notes of
either series may direct the time, method and place of conducting any proceeding for exercising any remedy available to the Trustee for such series of Notes or exercising any trust or power conferred on it. However, the Trustee shall be under no
obligation and may refuse to follow any direction that conflicts with law or this Indenture or that the Trustee determines may be unduly prejudicial to the rights of other Holders of Notes of such series or that may involve the Trustee in personal
liability. 
 Section 6.06. Limitation on Suits. 

(a) No Holder of any of the Notes of either series has any right to institute any proceedings with respect to this Indenture or any remedy
thereunder, unless (1) the Trustee shall have received written notice that an Event of Default with respect to such Notes has occurred and is continuing, (2) the Trustee shall have received a written request from Holders of at least 25% in
aggregate principal amount of the outstanding Notes of such series to institute a proceeding or pursue such remedy, (3) the Trustee shall have been offered indemnity satisfactory to it in its sole and absolute discretion to institute such
proceeding or pursue such remedy as Trustee under the Notes of such series and this Indenture, (4) the Trustee shall have failed to act for a period of 60 days after receipt of such written request and such offer of security or indemnity, and
(5) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in aggregate principal amount of the outstanding Notes of such series. 

(b) The limitations set forth in paragraph (a) of this Section 6.06 do not, however, apply to a suit instituted by a Holder of a Note
for the enforcement of the payment of the principal of, premium, if any, or interest on such Note on or after the respective due dates expressed in such Note. 

  
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 Section 6.07. Rights of Holders of Notes to Receive Payment. 

Notwithstanding any other provision of this Indenture, the right of any Holder of a Note to receive payment of principal, premium, if any, or
interest on such Note, on or after the respective due dates expressed in such Note, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be amended in a manner adverse to such Holder without the
consent of such Holder. 
 Section 6.08. Collection Suit by Trustee. 

If an Event of Default specified in clause (1) or (2) of Section 6.01 occurs with respect to a series of Notes and is
continuing, the Trustee is authorized to recover judgment in its own name and as trustee of an express trust against the Company for the whole amount of overdue principal of, premium, if any, interest remaining unpaid on the Notes of such series and
to the extent lawful, interest on overdue principal, premium, if any, and interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel. 
 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 in order to have the
claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders of either series of Notes allowed in any judicial proceedings relative to the
Company or any Guarantor (or any other obligor upon the Notes), its creditors or its property and shall be entitled and empowered to collect, receive and distribute any money or other securities or property payable or deliverable on any such claims
and any custodian in any such judicial proceeding is hereby authorized by each applicable Holder of Notes to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the applicable
Holders of Notes, 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 7.07. 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 7.07 out of the estate in any such proceeding, shall be denied for any
reason, payment of the same shall be secured by a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders of Notes of such series may be entitled to receive in such proceeding
whether in liquidation or under any plan of reorganization or arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or 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. 

  
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 Section 6.10. Priorities. 

(a) If the Trustee collects any money or other property pursuant to this Article Six in respect of a series of Notes, it shall pay out the
money and other property in the following order: 
 First: to the Trustee, its agents and attorneys for amounts due
under Section 7.07, including payment of all compensation, expense and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 

Second: to the payment of the amounts then due and unpaid upon such series of Notes for principal, premium, if any, and
interest, in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind; and 

Third: to the Company or to such party as a court of competent jurisdiction shall direct. 

(b) The Trustee may fix a record date and payment date for any payment to Holders of Notes of such series pursuant to this Section 6.10.

 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 a 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 does not apply to a suit by the Trustee, a suit by a Holder of a Note
pursuant to Section 6.07, or a suit by Holders of more than ten percent in principal amount of the then outstanding Notes of a series. 

ARTICLE SEVEN 

TRUSTEE 

Section 7.01. Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing, and is actually known to the Trustee, the Trustee shall exercise such of 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 with respect to a series of Notes: 

(i) the duties of the Trustee shall be determined solely by the express provisions of this Indenture with respect to such
series of Notes and the Trustee need perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

  
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 (ii) in the absence of gross negligence 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. However, the Trustee shall
examine the certificates and opinions to determine whether or not they conform on their face to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 

(c) The Trustee may not be relieved from liabilities for its own grossly negligent action, its own grossly negligent failure to act, or its own
willful misconduct, as finally adjudicated by a court of competent jurisdiction, except that: 
 (i) this paragraph does not
limit the effect of paragraph (b) of this Section 7.01; 
 (ii) the Trustee shall not be liable for any action
taken or error of judgment made in good faith by a Responsible Officer, unless it is proved that the Trustee was grossly negligent in ascertaining the pertinent facts; and 

(iii) the Trustee shall 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 Section 6.05. 
 (d) Whether or not therein expressly so provided, every provision of this
Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b) and (c) of this Section 7.01. 
 (e) No
provision of this Indenture shall require the Trustee to expend or risk its own funds or incur any liability in the performance of any of its duties or in the exercise of any of its rights or power hereunder. The Trustee shall 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 unless such Holders shall have offered to the Trustee security or indemnity satisfactory to it in its sole and absolute
discretion against the costs, expenses and liabilities that might be incurred by it in compliance with such request or direction. 
 (f)
Money held in trust by the Trustee need not be segregated from other funds and need not be held in an interest-bearing account, in each case except to the extent required by law or by any other provision of this Indenture. The Trustee (acting in any
capacity hereunder) shall not be liable for interest on any money received by it hereunder unless the Trustee otherwise agrees in writing with the Company. 

Section 7.02. Certain Rights of Trustee. 

(a) The Trustee may conclusively rely upon any document or legal order 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 the document. 

  
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 (b) Before the Trustee acts or refrains from acting, it may require written direction, an
Officers’ Certificate or an Opinion of Counsel, or any of the preceding documents. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such written direction, Officers’ Certificate or
Opinion of Counsel. The Trustee may consult with counsel and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it
hereunder in good faith and in reliance thereon. 
 (c) The Trustee may act through its attorneys and agents and shall not be responsible for
the acts or omissions of any agent appointed with due care. 
 (d) The Trustee shall not be liable for any action it takes or omits to take
in good faith that it believes to be authorized or within the rights or powers conferred upon it by this Indenture. 
 (e) Unless otherwise
specifically provided in this Indenture, any demand, request, direction or notice from the Company shall be sufficient if signed by an Officer of the Company. 

(f) The Trustee shall 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 of a series of Notes unless such Holders shall have offered to the Trustee security or indemnity satisfactory to it in its sole and absolute discretion against the costs, expenses and liabilities that might be incurred by it in
compliance with such request or direction. In no event shall the Trustee be liable to any Person for special, punitive, indirect, consequential or incidental loss or damage of any kind whatsoever 

(including, but not limited to, lost profits) for any action it takes or omits to take, even if the Trustee has been advised of the likelihood
of such loss or damage. 
 (g) The Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer
of the Trustee has actual knowledge thereof or unless written notice of such event is sent to the Corporate Trust Office of the Trustee in accordance with Section 12.02, and such notice references the Notes and this Indenture. 

(h) Subject to Section 7.01(b)(ii), the Trustee shall not be bound to make any investigation into the facts or matters stated in any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, judgement, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make
such further inquiry or investigation into such facts or matters as it may see fit. 
 (i) The rights, privileges, protections, immunities
and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and other Person employed to
act hereunder. 
 (j) The permissive rights of the Trustee enumerated herein shall not be construed as duties. 

  
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 (k) Delivery of reports, information and documents pursuant to Section 4.03 hereof to
the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s
compliance with any of the covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 

(l) The Trustee may conclusively rely on and shall be fully protected in acting or refraining from acting upon any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, judgement, bond, debenture, note, other evidence of indebtedness or other paper or document reasonably 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 the document. 
 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
become a creditor of, or otherwise deal with, the Company or any of its Affiliates with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest as described in the TIA while any
Default exists, it must eliminate such conflict within 90 days or resign as Trustee. Any Agent may do the same with like rights and duties. The Trustee is also subject to Section 7.10. 

Section 7.04. Trustee’s Disclaimer. 

The Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture, it shall not be
accountable for the Company’s use of the proceeds from the Notes or any money paid to the Company or upon the Company’s direction under any provision of this Indenture, it shall not be responsible for the use or application of any money
received by any Paying Agent other than the Trustee, and it shall not be responsible for any statement or recital herein or any statement in the Notes or any other document in connection with the sale of the Notes or pursuant to this Indenture other
than its certificate of authentication. 
 Section 7.05. Notice of Default. 

If a Default or Event of Default occurs with respect to a series of Notes and is continuing and if it is actually known to the Trustee, the
Trustee shall mail to Holders of such series of Notes a notice of the Default or Event of Default within 90 days after the Trustee gains actual knowledge of the Default or Event of Default unless such Default or Event of Default shall have been
cured or waived before the giving of such notice. Except in the case of a Default or Event of Default in payment of principal of, premium or interest on any Note of a series, the Trustee may withhold the notice if and so long as it in good faith
determines that withholding the notice is in the interests of the Holders of such series of Notes. 
 Section 7.06. [Reserved].

  
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 Section 7.07. Compensation and Indemnity. 

(a) The Company shall pay to the Trustee (in its capacity as Trustee, and, to the extent it has been appointed as such, as Paying Agent and
Registrar) from time to time reasonable compensation for its acceptance of this Indenture and services hereunder in accordance with a written schedule provided by the Trustee to the Company. The Trustee’s compensation shall not be limited by
any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and reasonable expenses incurred or made by it in addition to the compensation for its
services, except those resulting from its own gross negligence or willful misconduct. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. 

(b) The Company shall indemnify the Trustee in its capacity against any and all losses, liabilities or reasonable expenses (including, without
limitation, attorneys’ fees and expenses) incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company
(including this Section 7.07) and defending itself against any claim (whether asserted by either of the Company or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties
hereunder, except to the extent any such loss, liability or expense may be attributable to its gross negligence or willful misconduct, as finally adjudicated by a court of competent jurisdiction. The Trustee shall notify the Company promptly of any
claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may
elect to have separate counsel defend the claim, but the Company will be obligated to pay the reasonable fees and expenses of such separate counsel only if the Company fails to assume the Trustee’s defense or there is a conflict of interest
between the Company, on the one hand, and the Trustee, on the other hand, with respect to the claim, as reasonably determined by the Trustee. The Company need not pay for any settlement made without its consent, which consent shall not be
unreasonably withheld. 
 (c) The obligations of the Company under this Section 7.07 shall survive the satisfaction and discharge of
this Indenture and/or the resignation or removal of the Trustee. 
 (d) To secure the Company’s payment obligations in this section, the
Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Notes. Such Lien shall survive the satisfaction and
discharge of this Indenture and the resignation or removal of the Trustee. 
 (e) When the Trustee incurs expenses or renders services after
an Event of Default specified in clause (7) or (8) of Section 6.01 occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of
administration under any Bankruptcy Law. 
 Section 7.08. Replacement of Trustee. 

(a) A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor
Trustee’s acceptance of appointment as provided in this Section 7.08. 

  
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 (b) The Trustee may resign in writing at any time and be discharged from the trust hereby
created by so notifying the Company in writing not less than 30 days prior to the effective date of such resignation. The Holders of a majority in principal amount of the then outstanding Notes of a series may remove the Trustee by so notifying the
Trustee with respect to such series of Notes and the Company in writing not less than 30 days prior to the effective date of such removal. The Company may remove the Trustee if: 

(i) the Trustee fails to comply with Section 7.10; 

(ii) the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any
Bankruptcy Law; 
 (iii) a custodian or public officer takes charge of the Trustee or its property; or 

(iv) the Trustee becomes incapable of acting. 

(c) If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall promptly appoint a
successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the then outstanding Notes of a series may appoint a successor Trustee with respect to such series of Notes to replace the
successor Trustee appointed by the Company. 
 (d) If a successor Trustee does not take office within 30 days after the retiring Trustee
resigns or is removed, the retiring Trustee, the Company, or the Holders of Notes of at least 10% in principal amount of the then outstanding Notes of a series may petition at the expense of the Company any court of competent jurisdiction for the
appointment of a successor Trustee with respect to such series of Notes. 
 (e) If the Trustee, after written request by any Holder who has
been a Holder of a series of Notes for at least three months, fails to comply with Section 7.10, such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee with respect
to such series of Notes. 
 (f) A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the
Company. Thereupon, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall mail a notice of
its succession to Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, provided all sums owing to the Trustee hereunder have been paid and subject to the Lien provided for in
Section 7.07. Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Company’s obligations under Section 7.07 shall continue for the benefit of the retiring Trustee. 

Section 7.09. Successor Trustee by Merger, Etc.  

If the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business to, another Person,
the successor Person without any further act shall be the successor Trustee. 

  
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 Section 7.10. Eligibility; Disqualification. 

There shall at all times be a Trustee hereunder that is a corporation organized and doing business under the laws of the United States of
America or of any state thereof that is authorized under such laws to exercise corporate trust powers, that is subject to supervision or examination by Federal or state authorities and that has (or its corporate parent shall have) a combined capital
and surplus of at least $100.0 million as set forth in its most recent published annual report of condition. 
 ARTICLE EIGHT

 DEFEASANCE AND COVENANT DEFEASANCE 

Section 8.01. Option to Effect Legal Defeasance or Covenant Defeasance. 

The Company may, at its option and at any time, elect to have either Section 8.02 or 8.03 be applied to all outstanding Notes of either
series upon compliance with the conditions set forth below in this Article Eight. 
 Section 8.02. Legal Defeasance and
Discharge. 
 Upon the Company’s exercise under Section 8.01 of the option applicable to this Section 8.02 with respect to
a series of Notes, the Company and any Guarantors shall, subject to the satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from its obligations under this Indenture with respect to such series and all
outstanding Notes of such series and all obligations of the Guarantors shall be deemed to have been discharged with respect to their obligations under this Indenture with respect to such series of Notes and the Guarantees of such series of Notes on
the date the conditions set forth below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company and the Guarantors shall be deemed to have paid and discharged the entire
Indebtedness represented by the outstanding Notes of such series and any Guarantees thereof, which shall thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 and the other Sections of this Indenture referred
to in clauses (a) and (b) of this Section 8.02, and shall be deemed discharged from the payment and performance of all other obligations under this Indenture with respect to such series of Notes, the Notes of such series and the
Guarantees thereof (and the Trustee, on demand of and at the expense of the Company, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged
hereunder: 
 (a) the rights of Holders of outstanding Notes of such series to receive payments solely from Funds in Trust (as defined in
Section 8.04 and as more fully set forth in such Section) in respect of the principal of, and any premium and interest on such Notes when such payments are due; 

(b) subject to clause (a) of this Section 8.02, the Company’s obligations under Article Two and Section 4.02
concerning the issuance of temporary Notes, transfers and exchanges of the Notes, replacement of mutilated, destroyed, lost or stolen Notes, the maintenance of an office or agency where the Notes may be surrendered for transfer or exchange or
presented for payment, and duties of Paying Agents; 

  
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 (c) the rights, powers, trusts, duties and immunities of the Trustee, and the Company’s
obligations in connection therewith; and 
 (d) this Article Eight. 

Subject to compliance with this Article Eight, the Company may exercise its option under this Section 8.02 notwithstanding the prior
exercise of its option under Section 8.03. 
 Section 8.03. Covenant Defeasance. 

Upon the Company’s exercise under Section 8.01 of the option applicable to this Section 8.03 with respect to a series of Notes,
the Company shall, subject to the satisfaction of the conditions set forth in Section 8.04, be released from its obligations under the covenants contained in Sections 4.03, 4.07, 4.08, 4.09, 4.10 and 4.11 with respect to the outstanding
Notes of such series on and after the date the conditions set forth in Section 8.04 are satisfied (hereinafter, “Covenant Defeasance”), and the Notes of such series shall thereafter be deemed not “outstanding” for the
purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder (it being
understood that such Notes shall not be deemed outstanding for accounting purposes to the extent permitted by GAAP). For this purpose, Covenant Defeasance means that, with respect to the outstanding Notes of such series, the Company and each
Restricted Subsidiary may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such
covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 6.01 with respect to such series
of Notes, but, except as specified above, the remainder of this Indenture and such Notes shall be unaffected thereby. In addition, upon the Company’s exercise under Section 8.01 of the option applicable to this Section 8.03 with
respect to a series of Notes, subject to the satisfaction of the conditions set forth in Section 8.04, Sections 6.01(3) through (6) shall not constitute Events of Default with respect to such series of Notes. 

Section 8.04. Conditions to Legal Defeasance or Covenant Defeasance. 

The following shall be the conditions to the application of either Section 8.02 or 8.03 to the outstanding Notes of either series of the
Notes: 
 (a) the Company must irrevocably deposit or cause to be deposited with the Trustee, in trust, specifically pledged as security for,
and dedicated solely to, the benefit of the Holders of the Notes of such series, cash in U.S. Legal Tender, U.S. Government Securities, or a combination thereof (“Funds in Trust”), in such amounts as, in the aggregate, will be
sufficient, in the opinion of a nationally recognized firm of independent public accountants, to pay: 
 (i) the principal
of, and any premium and interest on the outstanding Notes of such series on each date on which such principal, and any premium and interest is due and payable or on any redemption date established pursuant to this Indenture; and 

  
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 (ii) any mandatory sinking fund payments on the dates on which such payments
are due and payable in accordance with the terms of this Indenture and of the Notes; 
 (b) in the case of Legal Defeasance, the Company
shall have delivered to the Trustee an Opinion of Counsel confirming that: 
 (i) the Company has received from or there has
been published by, the Internal Revenue Service a ruling; or 
 (ii) since the date of this Indenture, there has been a
change in the applicable U.S. Federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders and Beneficial Owners of the outstanding Notes of such series will not recognize
income, gain or loss for U.S. Federal income tax purposes as a result of such Legal Defeasance and will be subject to U.S. Federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal
Defeasance had not occurred; 
 (c) in the case of Covenant Defeasance, the Company shall have delivered to the Trustee an Opinion of Counsel
to the effect that the Holders and Beneficial Owners of the outstanding Notes of such series will not recognize income, gain or loss for U.S. Federal income tax purposes as a result of such Covenant Defeasance and will be subject to U.S. Federal
income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(d) no Default or Event of Default shall have occurred and be continuing with respect to such series of Notes on the date of such deposit or
insofar as Events of Default pursuant to clause (7) or (8) of Section 6.01 are concerned, at any time during the period ending on the 91st day after the date of deposit; 

(e) such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under any other material
agreement, other than this Indenture, or instrument to which the Company is a party or by which the Company is bound; 
 (f) the Company
shall have delivered to the Trustee an Officers’ Certificate stating that the deposit was not made by the Company with the intent of defeating, hindering, delaying or defrauding creditors of the Company or others; and 

(g) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each stating that the Company has
complied with all conditions precedent provided for relating to the Legal Defeasance or the Covenant Defeasance, as the case may be. 

Section 8.05. Deposited Money and U.S. Government Securities to Be Held in Trust; Other Miscellaneous Provisions. 

(a) Subject to Section 8.06, all money and U.S. Government Securities (including the proceeds thereof) deposited with the Trustee (or
other qualifying trustee, collectively for purposes of this Section 8.05, the “Trustee”) pursuant to Section 8.04 in respect of the outstanding Notes of a series shall be held in trust and applied by the Trustee, in
accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders of such Notes of all sums due
and to become due thereon in respect of principal, premium and interest, but such money need not be segregated from other funds except to the extent required by law. 

  
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 (b) The Company shall pay and indemnify the Trustee against any tax, fee or other charge
imposed on or assessed against the cash or U.S. Government Securities deposited pursuant to Section 8.04 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of
the Holders of the outstanding Notes of such series. 
 (c) Anything in this Article Eight to the contrary notwithstanding, the Trustee
shall deliver or pay to the Company from time to time upon the request of the Company any money or U.S. Government Securities held by it as provided in Section 8.04 which, in the opinion of a nationally recognized firm of independent public
accountants, investment bank, or appraisal firm expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.04(a)), are in excess of the amount thereof that would then be required to
be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 
 Section 8.06. Repayment to the Company. 

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium,
if any, or interest on any Note of a series and remaining unclaimed for two years after such principal, and premium, if any, or interest has become due and payable shall be paid to the Company upon its request or (if then held by the Company) shall
be discharged from such trust; and the Holder of such Note shall thereafter look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as
trustee thereof, shall thereupon cease; provided, however, that the Company shall cause to be published once, in The
 New York Times and The Wall Street Journal (national edition), notice that such money remains
unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining shall be repaid to the Company. 

Section 8.07. Reinstatement. 

If the Trustee or Paying Agent is unable to apply any United States dollars or U.S. Government Securities in accordance with Section 8.02
or 8.03, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations to make the related payments under this
Indenture and the relevant series of Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03 until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with
Section 8.02 or 8.03, as the case may be; provided, however, that, if the Company make any payment of principal of, premium, if any, or interest on any Note of such series following the reinstatement of its obligations, the
Company shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money held by the Trustee or Paying Agent. 

  
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 ARTICLE NINE 

AMENDMENT, SUPPLEMENT AND WAIVER 

Section 9.01. Without Consent of Holders of Notes. 

(a) Notwithstanding Section 9.02, the Company, the Guarantors, any other obligor under the Notes and the Trustee may modify, supplement or
amend this Indenture or the Notes of either series without the consent of any Holder of a Note of such series: 
 (1) to cure
any ambiguity, omission, defect or inconsistency, as evidenced to the Trustee in an Officers’ Certificate; provided that such modification shall not adversely affect the Holders of the Notes of such series in any material respect; 

(2) to provide for the assumption of the obligations of the Company or any Guarantor pursuant to Article Five; 

(3) to establish the forms or terms of the Notes issued under this Indenture; 

(4) to evidence the acceptance or appointment by a separate Trustee or successor Trustee with respect to the Notes of such
series or otherwise; 
 (5) to reflect the addition or release of any Guarantor from its Guarantee of the Notes of such
series, in the manner provided in this Indenture, or to secure any of the Notes or the Guarantees; 
 (6) to provide for
uncertificated Notes of such series in addition to certificated Notes of such series; 
 (7) to mortgage, pledge, hypothecate
or grant a security interest in favor of the Trustee for the benefit of the Holders of the Notes of such series as additional security for the payment and performance of the Company’s and any Guarantor’s obligations under this Indenture,
in any property or assets, including any of which are required to be mortgaged, pledged or hypothecated, or in which a security interest is required to be granted to or for the benefit of the Trustee pursuant to this Indenture or otherwise; 

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

(9) to conform the text of this Indenture, the Notes of such series or the Guarantees to any provision of the “Description
of Notes” section in the Offering Memorandum; or 
 (10) to make any change that would provide any additional benefit to
the Holders of the Notes of such series or that does not adversely affect the rights of any Holder in any material respect. 
 (b) Upon the
request of the Company, and upon receipt by the Trustee of the documents described in Section 12.04 and Section 9.06, the Trustee shall join with the Company and each Guarantor in the execution of any amended or supplemental Indenture
authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee shall not be obligated to enter into such amended or supplemental Indenture that
affects its own rights, duties or immunities under this Indenture or otherwise. 

  
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 Section 9.02. With Consent of Holders of Notes. 

(a) Except as provided below in this Section 9.02, the Company, the Guarantors, any other obligor under the Notes of a series and the
Trustee may amend or supplement this Indenture or the Notes of such series with the consent of the Holders of at least a majority in aggregate principal amount of the Notes of each such series affected by such amendment or supplement(including
Additional Notes of such series, if any) then outstanding (including, without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes of such series); provided, however, that no such
modification or amendment may, without the consent of the Holder of each outstanding Note affected thereby: 
 (1) reduce the
percentage of principal amount of Notes of such series whose Holders must consent to an amendment, supplement or waiver of any provision of this Indenture or the Notes of such series; 

(2) reduce the rate or change the time for payment of interest, including default interest, if any, on such Notes; 

(3) reduce the principal amount of any such Note or change the Maturity Date of any such Note; 

(4) reduce the amount payable upon redemption of any such Note; 

(5) waive any Event of Default in the payment of principal of, any premium or interest on any of such Note; 

(6) make any such Note payable in money other than that stated in such Note; 

(7) impair the right of Holders of such Notes to receive payment of the principal of and interest on such Notes on the
respective due dates therefor and to institute suit for the enforcement of any such payment; or 
 (8) make any change in the
percentage of principal amount of Notes of such series necessary to waive compliance with certain provisions of this Indenture. 
 (b) The
Company may, but shall not be obligated to, fix a record date for the purpose of determining the Persons entitled to consent to any indenture supplemental hereto. If a record date is fixed, the Holders of the relevant series of Notes on such record
date, or its duly designated proxies, and only such Persons, shall be entitled to consent to such supplemental indenture, whether or not such Holders remain Holders after such record date; provided that unless such consent shall have become
effective by virtue of the requisite percentage having been obtained prior to the date which is 90 days after such record date, any such consent previously given shall automatically and without further action by any Holder be canceled and of no
further effect. 

  
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 (c) Upon the request of the Company and upon the filing with the Trustee of evidence
reasonably satisfactory to the Trustee of the consent of the Holders of Notes as aforesaid, and upon receipt by the Trustee of the documents described in Section 9.06 and Section 12.04, the Trustee shall join with the Company and each
Guarantor in the execution of such amended or supplemental indenture unless such amended or supplemental indenture directly affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may
in its discretion, but shall not be obligated to, enter into such amended or supplemental indenture. 
 (d) It shall not be necessary for the
consent of the Holders of Notes under this Section 9.02 to approve the particular form of any proposed amendment or waiver, but it shall be sufficient if such consent approves the substance thereof. 

(e) After an amendment, supplement or waiver under this Section 9.02 becomes effective, the Company shall mail to the Holders of Notes of
the series affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Company to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such amended or
supplemental indenture or waiver. 
 Section 9.03. [Reserved]. 

Section 9.04. Revocation and Effect of Consents. 

Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder of a Note of a series is a continuing consent by the
Holder of a Note of such series and every subsequent Holder of a Note of such series or portion of a Note of such series 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 of a Note of a series or subsequent Holder of a Note of a series may revoke the consent as to its Note if the Trustee receives written notice of revocation before the date the amendment, supplement or waiver becomes
effective. An amendment, supplement or waiver becomes effective in accordance with its terms and thereafter binds every Holder. 

Section 9.05. Notation on or Exchange of Notes. 

(a) The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Note thereafter authenticated. The Company in
exchange for all Notes may issue and the Trustee shall, upon receipt of an Authentication Order, authenticate new Notes that reflect the amendment, supplement or waiver. 

(b) Failure to make the appropriate notation or issue a new Note shall not affect the validity and effect of such amendment, supplement or
waiver. 
 Section 9.06. Trustee to Sign Amendments, Etc.  

The Trustee shall sign any amended or supplemental indenture or Note authorized pursuant to this Article Nine if the amendment or
supplement does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If in the judgment of the Trustee, the amendment or supplement adversely affects the rights, duties, liabilities or immunities of the Trustee, the
Trustee may but shall not be required to sign such amendment or supplement. In executing any amended or supplemental indenture or Note, the Trustee shall be entitled to receive and (subject to Section 7.01) shall be fully protected in relying
upon an Officers’ Certificate and an Opinion of Counsel stating that the execution of such amended or supplemental indenture is authorized or permitted by this Indenture. 

  
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 ARTICLE TEN 

GUARANTEES 

Section 10.01. Guarantee. 

(a) Subject to this Article Ten, each of the Guarantors hereby, jointly and severally, fully and unconditionally, guarantees, on a senior
unsecured basis, to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns, irrespective of the validity and enforceability of this Indenture, the Notes or the obligations of the Company
hereunder or thereunder, that: (i) the principal of, premium, if any, and interest on the Notes will be promptly paid in full when due, whether at Stated Maturity, by acceleration, redemption or otherwise, and interest on the overdue principal
of, premium, if any, and interest on the Notes, if any, if lawful (subject in all cases to any applicable grace period provided herein), and all other monetary Obligations of the Company to the Holders or the Trustee hereunder or thereunder will be
promptly paid in full or performed, all in accordance with the terms hereof and thereof; and (ii) in case of any extension of time of payment or renewal of any Notes or any of such other Obligations, that same will be promptly paid in full when
due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the
Guarantors shall be jointly and severally obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 

(b) The Guarantors hereby agree that, to the maximum extent permitted under applicable law, their obligations hereunder shall be unconditional,
irrespective of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof, the recovery
of any judgment against the Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a Guarantor. Subject to Section 6.06, each Guarantor hereby waives
diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenant
that this Guarantee shall not be discharged except by complete performance of the obligations contained in the Notes and this Indenture. 

(c) If any Holder or the Trustee is required by any court or otherwise to return to the Company, the Guarantors or any custodian, trustee,
liquidator or other similar official acting in relation to either of the Company or the Guarantors, any amount paid by either to the Trustee or such Holder, this Guarantee, to the extent theretofore discharged, shall be reinstated in full force and
effect. 

  
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 (d) Each Guarantor agrees that it shall not be entitled to any right of subrogation in
relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors, on the one hand, and the Holders and the Trustee, on
the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article Six for the purposes of this Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration
in respect of the obligations guaranteed hereby, and (y) in the event of any declaration of acceleration of such obligations as provided in Article Six, such obligations (whether or not due and payable) shall forthwith become due and
payable by the Guarantors for the purpose of this Guarantee. Each Guarantor that makes a payment or distribution under its Guarantee shall have the right to seek contribution from any non-paying Guarantor, in
a pro rata amount based on the net assets of each Guarantor determined in accordance with GAAP, so long as the exercise of such right does not impair the rights of the Holders under the Guarantee. 

(e) In respect to its obligations under its Guarantee, each Guarantor agrees to be bound to, and hereby covenants, with respect to itself, the
covenant set forth in Section 4.06. 
 Section 10.02. Limitation on Guarantor Liability. 

Each Guarantor, and by its acceptance of Notes, each Holder of Notes, hereby confirms that it is the intention of all such parties that the
Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law to the extent applicable to
any Guarantee. To effectuate the foregoing intention, the Trustee, the Holders of such series and the Guarantors hereby irrevocably agree that the obligations of such Guarantor will be limited to the maximum amount which, after giving effect to all
other contingent and fixed liabilities of such Guarantor, and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant
to its contribution obligations under this Article Ten, will result in the obligations of such Guarantor under its Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal or state law. Until such time as the
Notes are paid in full, each Guarantor hereby waives all rights of subrogation or contribution, whether arising by contract or operation of law (including, without limitation, any such right arising under Federal Bankruptcy Law) or otherwise by
reason of any payment by it pursuant to the provisions of this Article Ten. Each Guarantor that makes a payment or distribution under its Guarantee will be entitled to a contribution from each other Guarantor in a pro rata amount based on the
net assets of each Guarantor determined in accordance with GAAP. 
 Section 10.03. Execution and Delivery of Notation of
Guarantee. 
 (a) To evidence its Guarantee set forth in Section 10.01, on the Issue Date each Initial Guarantor shall be required
to have a notation of such Guarantee substantially in the form included in Exhibit D hereto endorsed by an Officer of such Initial Guarantor by manual, facsimile or electronic signature on each Note authenticated and
delivered by the Trustee. 

  
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 (b) Each Guarantor hereby agrees that its Guarantee set forth in Section 10.01 shall
remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Guarantee. 
 (c) If an Officer whose
signature is on this Indenture or on the notation of Guarantee no longer holds that office at the time the Trustee authenticates the Note on which a notation of Guarantee is endorsed, the Guarantee shall be valid nevertheless. 

(d) The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Guarantee set
forth in this Indenture on behalf of the Guarantors. 
 (e) Subsequent to the date of this Indenture, in the event a Restricted Subsidiary is
required by Section 4.08 to guarantee the Company’s obligations under the Notes and this Indenture, the Company shall cause such Restricted Subsidiary to execute a supplemental indenture to this Indenture substantially in the form included
in Exhibit E hereto and a notation of Guarantee in accordance with Section 4.08 and this Article Ten, to the extent applicable. 

Section 10.04. Releases of Guarantors. 

(a) A Guarantor will be deemed automatically and unconditionally released and discharged from all of its obligations under its Guarantee with
respect to a series of Notes without any further action on the part of the Trustee or any Holder of such Notes: 
 (1) in
connection with any sale or other disposition of (i) all of the Capital Stock of such Guarantor or (ii) all or substantially all of the properties or assets of such Guarantor (including by way of merger or consolidation), in each case to
one or more Persons that are not (either before or after giving effect to such transaction) the Company or a Restricted Subsidiary; 

(2) if such Guarantor is a Restricted Subsidiary, the Company properly designates such Guarantor as an Unrestricted Subsidiary;

 (3) if such Guarantor ceases to guarantee any Indebtedness of the Company or another Guarantor under any Credit Facility
and the Existing Notes; 
 (4) if such series of Notes are discharged in accordance with Article Eight or
Article Eleven; or 
 (5) upon the liquidation or dissolution of such Guarantor; 

provided, that any such release and discharge pursuant to clauses (1) and (2) above shall occur only to the extent that all obligations of
such Guarantor under all of its guarantees of, and under all of its pledges of assets or other security interests which secure any, Indebtedness of the Company shall also terminate at such time. 

(b) Any Guarantor not released from its obligations under its Guarantee with respect to a series of Notes shall remain liable for the full
amount of principal of, premium, if any, and interest on such Notes and for the other obligations of any Guarantor under this Indenture as provided in this Article Ten. 

  
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 ARTICLE ELEVEN 

SATISFACTION AND DISCHARGE 

Section 11.01. Satisfaction and Discharge. 

This Indenture will be discharged and will cease to be of further effect (except as to surviving rights of registration of transfer or exchange
of the Notes and as otherwise expressly provided for in this Indenture) as to all outstanding Notes of either series thereof issued under this Indenture when: 

(a) either: 
 (1) all Notes of
such series theretofore authenticated and delivered (except lost, stolen or destroyed Notes which have been replaced or paid or Notes whose payment has been deposited in trust or segregated and held in trust by the Company and thereafter repaid to
the Company or discharged from such trust as provided for in this Indenture) have been delivered to the Trustee for cancellation; or 
 (2)
all Notes of such series not theretofore delivered to the Trustee for cancellation (a) have become due and payable by reason of making of a notice of redemption or otherwise, (b) will become due and payable at their Stated Maturity within
one year, or (c) are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company; 

(b) the Company or any Guarantor has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust an amount in
United States dollars, U.S. Government Securities, or a combination thereof, sufficient, (in the case of Government Securities, in the opinion of a nationally recognized firm of independent public accountants or a nationally recognized investment
banking firm), to pay and discharge the entire Indebtedness on such series of Notes not theretofore delivered to the Trustee for cancellation, including principal of, premium, if any, and accrued interest at such Maturity, Stated Maturity or
redemption date; 
 (c) the Company or any Guarantor has paid or caused to be paid all other sums due and payable under this Indenture by the
Company and any Guarantor with respect to such series of Notes; 
 (d) the Company has delivered to the Trustee an Officers’ Certificate
and an Opinion of Counsel, each stating that all conditions precedent under this Indenture relating to the satisfaction and discharge of this Indenture have been complied with; and 

(e) the Company has delivered irrevocable instructions to the Trustee hereunder to apply any deposited money described in clause (b) above
to the payment of the Notes of such series at Stated Maturity or the redemption date, as the case may be. 

  
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 Section 11.02. Deposited Money and U.S. Government Securities to Be Held in Trust;
Other Miscellaneous Provisions. 
 (a) Subject to Section 11.03, all money and non-callable
U.S. Government Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 11.02, the “Trustee”) pursuant to Section 11.01 in respect of
the outstanding Notes of a series shall be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as
Paying Agent) as the Trustee may determine, to the Holders of such Notes of all sums due and to become due thereon in respect of principal, premium and interest, but such money need not be segregated from other funds except to the extent required by
law. 
 (b) Notwithstanding the above, the Trustee shall pay to the Company from time to time upon its request any cash or U.S. Government
Securities held by it as provided in this Section 11.02 which are in excess of the amount thereof that would then be required to be deposited to effect a satisfaction and discharge under this Article Eleven. 

Section 11.03. Repayment to the Company. 

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium or
interest on any Note of a series and remaining unclaimed for two years after such principal, and premium, if any, or interest has become due and payable shall be paid to the Company on its request or (if then held by the Company) shall be discharged
from such trust; and the Holder of such Note shall thereafter look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof,
shall thereupon cease; provided, however, that the Company shall cause to be published once in The
 New York Times or The Wall Street Journal (national edition) or send to each Holder entitled to such money, notice
that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining shall be repaid to the Company.

 ARTICLE TWELVE 

MISCELLANEOUS 

Section 12.01. No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or any of its Subsidiaries or of any
other Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 
 Section 12.02. Notices.

 (a) Any notice or communication by either of the Company or any Guarantor, on the one hand, or the Trustee on the other hand, to the other
is duly given if in writing in the English language and delivered in Person or mailed by first class mail (registered or certified, return receipt requested), facsimile or overnight air courier guaranteeing next day delivery, to the others’
address: 

  
 78 

 If to the Company or any Guarantor: 

Continental Resources, Inc. 
 P.O.
Box 268835 
 Oklahoma City, Oklahoma 73126 

Facsimile: (405) 234-9253 

Attention: John Hart, Chief Financial Officer 

If to the Trustee: 
 Wilmington
Trust, National Association 
 350 Park Avenue 

New York, New York 10022 

Facsimile: (612) 217-5651 

Attention: Continental Resources Administrator 

(b) The Company, the Guarantors or the Trustee, by notice to the others may designate additional or different addresses for subsequent notices
or communications. 
 (c) All notices and communications (other than those sent to Holders) shall be deemed to have been duly given:
(i) at the time delivered by hand, if personally delivered; (ii) five Business Days after being deposited in the mail, postage prepaid, if mailed; (iii) when receipt acknowledged, if telecopied; (iv) and the next Business Day
after timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery. 
 (d) Any notice or communication to
a Holder shall be mailed by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery to its address shown on the register kept by the Registrar. Failure to mail a notice or
communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. 
 (e) If a notice or
communication is mailed in the manner provided above within the time prescribed, it is duly given, whether or not the addressee receives it. 

(f) If the Company mails a notice or communication to Holders, it shall mail a copy to the Trustee and each Agent at the same time. 

(g) Notwithstanding any other provision of this Indenture or any Note, where this Indenture or any Note provides for notice of any event or any
other communication (including any notice of redemption or repurchase) to a Holder of a Global Note (whether by mail or otherwise), such notice shall be sufficiently given if given to the Depositary (or its designee) pursuant to the standing
instructions from the Depositary or its designee, including by electronic mail in accordance with accepted practices at the Depositary. 

Section 12.03. [Reserved]  

  
 79 

 Section 12.04. 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 shall furnish to the
Trustee: 
 (i) an Officers’ Certificate (which shall include the statements set forth in Section 12.05) stating
that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in this Indenture relating to the proposed action have been satisfied; and 

(ii) an Opinion of Counsel (which shall include the statements set forth in Section 12.05) stating that, in the opinion of
such counsel (who may rely on such Officers’ Certificate as to matters of fact), all such conditions precedent and covenants have been satisfied. 

Section 12.05. Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include: 

(i) a statement that the person making such certificate or opinion has read such covenant or condition; 

(ii) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions
contained in such certificate or opinion are based; 
 (iii) a statement that, in the opinion of such Person, he or she has
made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been satisfied; and 

(iv) a statement as to whether or not, in the opinion of such person, such condition or covenant has been satisfied. 

Section 12.06. Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set
reasonable requirements for its functions. 
 Section 12.07. No Personal Liability of Directors, Officers, Employees and
Stockholders. 
 No director, officer, employee, manager, incorporator, member, partner or stockholder or other owner of Capital Stock of
the Company or any Restricted Subsidiary, as such, will have any liability for any obligations of the Company, any Guarantor or any other Restricted Subsidiary under the Notes, this Indenture or the Guarantees to which they are a party, or for any
claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. The
waiver may not be effective to waive liabilities under the Federal securities laws, and it is the view of the Commission that such waiver is against public policy. 

  
 80 

 Section 12.08. Governing Law. 

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

Section 12.09. Consent to Jurisdiction. 

Any legal suit, action or proceeding arising out of or based upon this Indenture or the transactions contemplated hereby (“Related
Proceedings”) may be instituted in the competent Federal courts of the United States of America located in the City of New York or the courts of the State of New York in each case located in the City of New York
(collectively, the “Specified Courts”), and each party irrevocably submits to the non-exclusive jurisdiction of such courts in any such suit, action or proceeding. Service of any process,
summons, notice or document by mail to such party’s address set forth above shall be effective service of process for any suit, action or other proceeding brought in any such court. The parties irrevocably and unconditionally waive any
objection to the laying of venue of any suit, action or other proceeding in the Specified Courts and irrevocably and unconditionally waive and agree not to plead or claim in any such court that a Related Proceeding has been brought in an
inconvenient forum. 
 Section 12.10. [Reserved]. 

Section 12.11. Successors. 

All agreements of the Company in this Indenture and the Notes shall bind its successors. All agreements of the Trustee in this Indenture shall
bind its successors. All agreements of each Guarantor in this Indenture shall bind its successors, except as otherwise provided in Section 5.01 or 10.04. 

Section 12.12. Severability. 

In case any provision in this Indenture or the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 12.13. Entire Agreement. 

This Indenture and the other transaction documents contemplated hereby set forth the entire agreement and understanding of the parties related
to this transaction and supersede all prior agreements and understandings, oral or written. 

  
 81 

 Section 12.14. Counterpart Originals. 

The parties may sign any number of copies of this Indenture, and each party hereto may sign any number of separate copies of this Indenture.
Each signed copy shall be an original, but all of them together represent the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall 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 shall be deemed to be their original signatures for all purposes. 

Section 12.15. Acts of Holders. 

(a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by
the Holders of either series of Notes may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by agents duly appointed in writing, and may be given or obtained in connection with
a purchase of, or tender offer or exchange offer for, outstanding Notes of such series; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and,
where it is hereby expressly required, to the Company. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders of such series signing such
instrument or instruments. Proof of execution of any such instrument or of a writing appointing any such agent shall 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 12.15. 
 (b) 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
witness, notary or officer the execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or affidavit shall also constitute sufficient proof of 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 which the Trustee deems sufficient. 

(c) Notwithstanding anything to the contrary contained in this Section 12.15, the principal amount and serial numbers of Notes held by
any Holder, and the date of holding the same, shall be proved by the register of the Notes maintained by the Registrar as provided in Section 2.04. 

(d) If the Company shall solicit from the Holders of either series of Notes any request, demand, authorization, direction, notice, consent,
waiver or other Act, the Company may, at their option, by or pursuant to a resolution of its Board of Directors, fix in advance a record date for the determination of Holders of such series of Notes entitled to give such request, demand,
authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. Such record date shall be the record date specified in or pursuant to such Board Resolution, which shall be a date not earlier than
the date 30 days prior to the first solicitation of Holders of such series of Notes generally in connection therewith or the date of the most recent list of Holders of such series of Notes forwarded to the Trustee prior to such solicitation pursuant
to Section 2.06 and not later than the date such solicitation is completed. If such a record date is fixed, such request, demand, authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but
only the Holders of record of such series of Notes at the 

  
 82 

 
close of business on such record date shall be deemed to be Holders for the purposes of determining whether Holders of such series of Notes of the requisite proportion of the then outstanding
Notes of such series have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other Act, and for that purpose the then outstanding Notes of such series shall be computed as of such record
date; provided that no such authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective pursuant to the provisions of this Indenture not later than eleven months after the
record date. 
 (e) Any request, demand, authorization, direction, notice, consent, waiver or other Act of the Holder of any Note of a
series shall bind every future Holder of the same Note and the Holder of every Note issued upon the registration or transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the
Trustee or the Company in reliance thereon, whether or not notation of such action is made upon such Note. 
 (f) Without limiting the
foregoing, a Holder entitled hereunder to take any action hereunder with regard to any particular Note of a series may do so itself with regard to all or any part of the principal amount of such Note or by one or more duly appointed agents each of
which may do so pursuant to such appointment with regard to all or any part of such principal amount. 
 (g) For purposes of this Indenture,
any action by the Holders of either series of Notes which may be taken in writing may be taken by electronic means or as otherwise reasonably acceptable to the Trustee. 

Section 12.16. Benefit of Indenture. 

Nothing in this Indenture or in the Notes, express or implied, shall give to any Person, other than the parties hereto, any Paying Agent, any
Registrar and its successors hereunder, and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture. 

Section 12.17. Table of Contents, Headings, Etc. 

The Table of Contents, Cross-Reference Table and Headings of the Articles and Sections of this Indenture have been inserted for convenience of
reference only, are not to be considered a part of this Indenture and shall in no way modify or restrict any of the terms or provisions hereof. 

Section 12.18. Force Majeure. 

In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations under this Indenture
arising out of or caused by, directly or indirectly, forces beyond its reasonable control, including without limitation strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or
acts of God, epidemics or pandemics, and interruptions, loss or malfunctions of utilities, communications or computer (software or hardware) services or the unavailability of the Federal Reserve Bank wire or telex or other wire or communication
facility. 

  
 83 

 Section 12.19. 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 and 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 reasonably request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 84 

 SIGNATURES 

 

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

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

		 	Name:	 	John D. Hart
		 	Title:	 	Manager
	
	CLR ASSET HOLDINGS, LLC, as an Initial Guarantor
		
	By:	 	 /s/ John D. Hart

		 	Name:	 	John D. Hart
		 	Title:	 	Senior Vice President, Chief Financial Officer and Treasurer
		 		 	
	
	THE MINERAL RESOURCES COMPANY, as an Initial Guarantor
		
	By:	 	 /s/ John D. Hart

		 	Name:	 	John D. Hart
		 	Title:	 	Vice President

 [Signature Page to Indenture] 

 
					
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 /s/ Sarah Vilhauer

		 	Name:	 	Sarah Vilhauer
		 	Title:	 	Banking Officer

 [Signature Page to Indenture] 

 EXHIBIT A 

[Face of Note] 
 UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), 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 DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY (AS DEFINED IN THE INDENTURE GOVERNING THIS NOTE) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE
BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (1) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 2.07 OF THE INDENTURE, (2) THIS GLOBAL NOTE MAY
BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.07 OF THE INDENTURE, (3) THIS GLOBAL NOTE MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 2.12 OF THE INDENTURE AND (4) THIS GLOBAL NOTE MAY BE
TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY. 
 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED,
PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON
BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL, OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS ONE YEAR (IN THE CASE OF RULE 144A
SECURITIES) OR 40 DAYS (IN THE CASE OF REGULATION S SECURITIES) AFTER THE LATER OF THE ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY), ONLY
(A) TO THE ISSUER, (B) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER
THE SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT 

  
 A-1 

 
OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (C) PURSUANT TO OFFERS AND SALES THAT OCCUR OUTSIDE THE UNITED STATES
WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT, OR (D) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH
OFFER, SALE, OR TRANSFER PURSUANT TO CLAUSE (C) OR (D) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION, AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. 

BY ITS ACQUISITION OF THIS SECURITY, THE HOLDER THEREOF WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT EITHER (1) NO PORTION OF
THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY CONSTITUTES THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OF A
PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) OR PROVISIONS UNDER ANY OTHER FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAWS”), OR OF AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN
ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR (2) THE ACQUISITION AND HOLDING OF THIS SECURITY WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR
SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS. 

  
 A-2 

 CUSIP:_____ 
  

					
	No._____	  		  	Principal Amount: $_____

 CONTINENTAL RESOURCES, INC. 

[2.268% Senior Notes due 2026]* / [2.875% Senior Notes due 2032]**† 
 Continental Resources, Inc., an Oklahoma corporation (the
“Company”), which term includes any successor under the Indenture hereinafter referred to, for value received, promises to pay to [                ], or
its registered assigns, the principal sum of [                ] ($[                ])
UNITED STATES DOLLARS on [November 15, 2026]* / [April 1, 2032]**. 
 Interest Payment Dates: [May 15 and November 15] */ [April 1 and
October 1]** of each year, commencing [May 15, 2022] */ [April 1, 2022]**. 
 Regular Record Dates: [May 1 and November 1]*/ [March 15 and
September 15]** of each year. 
 Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which
further provisions shall for all purposes have the same effect as if set forth at this place. 
 [Signature Page Follows] 

 
  

	† 	 Bracketed provisions in this form of Note denoted by * are to be inserted for the 2026 Notes, and bracketed
provisions denoted by ** are to be inserted for the 2032 Notes. 

  
 A-3 

 IN WITNESS WHEREOF, the Company has caused this Note to be signed manually, by facsimile or
by electronic signature by its duly authorized officer. 
  

			
	CONTINENTAL RESOURCES, INC., an Oklahoma corporation
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-4 

 (Form of Trustee’s Certificate of Authentication) 

This is one of the [2.268% Senior Notes due 2026]* / [2.875% Senior Notes due 2032]**described in the within-mentioned Indenture. 

 

			
	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee
		
	By:	 	  

		 	Authorized Signatory

 Date: ____________________________ 

  
 A-5 

 [Reverse Side of Note] 

CONTINENTAL RESOURCES, INC. 

[2.268% Senior Notes due 2026]* / [2.875% Senior Notes due 2032]** 

Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

1. Interest. The Company promises to pay interest on the principal amount of this Note at [2.268%]* / [2.875%]** per annum until
maturity. The Company shall pay interest semi-annually in arrears on [May 15 and November 15]* / [April 1 and October 1]** of each year, or if any such day is not a Business Day, on the next succeeding Business Day (each, an “Interest
Payment Date”); provided that the first Interest Payment Date shall be [May 15, 2022]* / [ April 1,
2022]**‡. Interest on the Notes shall accrue from the most recent date to which interest has been paid on this Note (or one
or more Predecessor Notes) or, if no interest has been paid, from and including the date of original issuance of this Note§;
provided that if there is no existing Default in the payment of interest, and if this Note is authenticated between a record date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such
next succeeding Interest Payment Date. The Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at the rate then in effect on
this Note to the extent lawful; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace periods) from time to time on demand at
the same rate to the extent lawful. Interest shall be computed on the basis of a 360-day year of twelve 30-day months. If a payment date is not a Business Day, payment may be made on the next succeeding day that is a Business Day, and no interest
shall accrue on such payment for the intervening period. 
 2. Method of Payment. The Company shall pay interest on the Notes to the
Persons in whose name this Note (or one or more Predecessor Notes) is registered at the close of business on the [May 1 or November 1]* / [March 15 and September 15]** immediately preceding the Interest Payment Date, even if such Notes are canceled
after such record date and on or before such Interest Payment Date, except as provided in Section 2.13 of the Indenture with respect to defaulted interest. The Notes shall be payable as to principal, premium, if any, and interest at the office
or agency of the Company maintained for such purpose, or, at the option of the Company, payment of interest may be made through the Paying Agent by check mailed to the Holders at their addresses set forth in the register of Holders, and provided
that payment by wire transfer of immediately available funds shall be required with respect to principal of, premium, if any, and interest on, all Global Notes and all other Notes the Holders of which shall have provided wire transfer instructions
to the Company or the Paying Agent. Such payment shall be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 

 
  

 

	‡ 	 For Additional Notes, insert the appropriate Interest Payment Date for those Additional Notes.

	§§ 	 For Additional Notes, insert the appropriate interest accrual date for those Additional Notes.

  
 A-6 

 3. Paying Agent and Registrar. Initially, Wilmington Trust, National Association, the
Trustee under the Indenture, shall act as Paying Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to any Holder. The Company or any of its Subsidiaries may act in any such capacity. 

4. Indenture. The Company issued the Notes as [2026 Notes]*/[2032 Notes]** (referred to herein as the “Notes”) under
an Indenture dated as of November 22, 2021 (the “Indenture”) among the Company, the Initial Guarantors and the Trustee. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by
reference to the Trust Indenture Act of 1939, as amended. The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. Terms used but not defined herein have the meanings set forth in
the Indenture. To the extent any provision of this Note conflicts with the express provisions of the Indenture applicable to the Notes, the provisions of the Indenture applicable to the Notes shall govern and be controlling. The Indenture pursuant
to which this Note is issued provides that an unlimited amount of Additional Notes of the same series of as the Notes may be issued thereunder, subject to compliance with the covenants therein. 

5. Optional Redemption. The Company may redeem the Notes during the time periods and at the redemption prices set forth in the
Indenture with respect to the [2026 Notes]*/[2032 Notes]**. 
 6. Mandatory Redemption. The Company shall not be required to make
mandatory redemption or sinking fund payments with respect to the Notes. 
 7. Repurchase at Option of Holders. 

(a) Upon the occurrence of a Change of Control Triggering Event with respect to the Notes, each Holder of Notes may require the Company to
purchase such Notes in whole or in part in minimum amounts of $2,000 or whole multiples of $1,000 in excess thereof, at a purchase price in cash in an amount equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any,
to, but excluding, the date of purchase (subject to the rights of Holders of record on relevant record dates to receive interest due on an Interest Payment Date), pursuant to a Change of Control Offer in accordance with the procedures set forth in
the Indenture. 
 (b) Under certain circumstances described in the Indenture, the Company will be required to apply the proceeds of
Sale/Leaseback Transactions to the repayment of the Notes and any other Senior Indebtedness in respect of which such an offer is also required to be made. 

8. Selection and Notice of Redemption. If less than all of the Notes are to be redeemed at any time, the Trustee shall select the Notes
to be redeemed on a pro rata basis, by lot or in accordance with any other method the Trustee deems fair and appropriate (subject to the procedures of DTC or any other Depositary), or, if the Notes are listed on any securities exchange, by any other
method that complies with the requirements of such exchange. In the event of partial redemption by lot, the particular Notes to be redeemed shall be selected prior to giving notice of such redemption by the Trustee from the outstanding Notes not
previously called for redemption. Notices of redemption may be subject to satisfaction or waiver of one or more conditions specified in the notice of redemption. If any Note is to be redeemed in part only, the notice of redemption

  
 A-7 

 
that relates to that Note will state the portion of the principal amount thereof to be redeemed. A new Note in principal amount equal to the unredeemed portion of the original Note will be issued
in the name of the Holder thereof upon cancellation of the original Note. Notes called for redemption become due on the date fixed for redemption, subject to satisfaction or waiver of any conditions to such redemption. On and after the redemption
date, interest shall cease to accrue on Notes or portions of them called for redemption. 
 9. Denominations, Transfer, Exchange. The
Notes are in registered form without coupons in minimum denominations of $2,000 and whole multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the
Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Company may require a Holder to pay any taxes or other governmental charges required by law or permitted by the Indenture. The
Company is not required to transfer or exchange any Note selected for redemption. Also, the Company is not required to transfer or exchange any Note for a period of 15 days before a selection of Notes to be redeemed. 

10. Persons Deemed Owners. The registered Holder of a Note will be treated as its owner for all purposes. 

11. Amendment, Supplement and Waiver. The Indenture or the Notes may be amended or supplemented only as provided in the Indenture. 

12. Defaults. In the case of an Event of Default arising from certain events of bankruptcy, insolvency or reorganization specified in
the Indenture, with respect to the Company or any Guarantor, the principal of, and accrued and unpaid interest on, all outstanding Notes will become due and payable immediately without further action or notice. If any other Event of Default occurs
and is continuing with respect to the Notes, the Trustee or the Holders of not less than 25% in principal amount of the then outstanding Notes may, and the Trustee at the request of such Holders shall, declare all unpaid principal of and accrued but
unpaid interest on all the Notes then outstanding to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by the Holders of the Notes) and upon any such declaration, such principal and interest shall
become due and payable immediately. The Trustee may withhold from Holders of the Notes notice of any continuing Default or Event of Default (except a Default or Event of Default relating to the payment of principal or interest) if it determines that
withholding notice is in their interest. The Holders of not less than a majority in aggregate principal amount of the Notes outstanding by notice to the Trustee may on behalf of the Holders of all outstanding Notes waive any existing Default or
Event of Default and its consequences under the Indenture except a continuing Default or Event of Default (1) in the payment of the principal of, premium, if any, or interest on any Note (which may only be waived with the consent of each Holder
of Notes affected) or (2) in respect of a covenant or provision which under the Indenture cannot be modified or amended without the consent of the Holder of each Note affected by such modification or amendment. 

13. Trustee Dealings with the Company. The Trustee, in its individual or any other capacity, may make loans to, accept deposits from,
and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the Trustee. 

  
 A-8 

 14. No Recourse Against Others. No director, officer, employee, manager,
incorporator, member, partner or stockholder or other owner of Capital Stock of the Company, Guarantors or any Restricted Subsidiary, as such, will have any liability for any obligations of the Company, Guarantors or the Restricted Subsidiaries
under the Notes, the Indenture or the Guarantees to which they are a party, or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such
liability. The waiver and release are part of the consideration for issuance of the Notes. The waiver may not be effective to waive liabilities under the Federal securities laws. 

15. Authentication. This Note shall not be valid until authenticated by the manual signature of the Trustee or an authenticating agent.

 16. CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the
Company has caused CUSIP numbers to be printed on the Notes and the Trustee may use CUSIP numbers in notices of redemption 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 of redemption and reliance may be placed only on the other identification numbers placed thereon. 
 17.
Governing Law. This Note shall be governed by, and construed in accordance with, the laws of the State of New York. 
 The Company
shall furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to: 
 Continental
Resources, Inc. 
 P.O. Box 268835 

Oklahoma City, Oklahoma 73126 

Facsimile: (405) 234-9253 

Attention: John Hart, Chief Financial Officer 

  
 A-9 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

			
	(I) or (we) assign and transfer this	 	  

  

			
	Note to:	 	  

	(Insert assignee’s legal name)
	  

	(Insert assignee’s soc. sec. or tax I.D. no.)
	  

	
	  

	
	  

	(Print or type assignee’s name, address and zip code)

  

			
	and irrevocably appoint	 	  

 to transfer this Note on the books of the Company. The agent may substitute another to act for him. 

Date: _______________ 
  

			
	Your Signature:	 	  

		 	(Sign exactly as your name appears on the face of this Note)

 Signature Guarantee*:______ 
  

 

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to
the Trustee). 

  
 A-10 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 4.09 or Section 4.11 of the Indenture, check the
appropriate box below: 
 [ ] Section 4.09            [ ] Section 4.11

 If you want to elect to have only part of the Note purchased by the Company pursuant to Section 4.09 or Section 4.11 of the
Indenture, state the amount you elect to have purchased: 
 $_______________ 

Date: _______________ 
  

			
	Your Signature:	 	  

		 	(Sign exactly as your name appears on the face of this Note)

 
			
		
	Tax Identification No.:	 	
                     

 Signature Guarantee*:______ 
  

 

	*	 Participant in a recognized Signature Guarantee Medallion Program (or other signature guarantor acceptable to
the Trustee). 

  
 A-11 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part
of another Global Note or Definitive Note for an interest in this Global Note, have been made: 
  

							
	 Date of Exchange
	  	 Amount of Decrease

in Principal Amount
 at Maturity of
this
 Global Note
	  	 Amount of Increase

in Principal Amount
 at Maturity of
this
 Global Note
	  	 Principal Amount at

Maturity of this
 Global Note

Following such
 Decrease (or

Increase)

  

  
 A-12 

 EXHIBIT B 

FORM OF CERTIFICATE OF TRANSFER 

Continental Resources, Inc. 
 P.O. Box 268835 

Oklahoma City, Oklahoma 73126 
 Facsimile: (405) 234-9253 
 Attention: John Hart, Chief Financial Officer 

Wilmington Trust, National Association 
 350 Park Avenue 

New York, New York 10022 
 Facsimile: (612) 217-5651 
 Attention: Continental Resources Administrator 

Re: [2.268% Senior Notes due 2026] / [2.875% Senior Notes due 2032] 

Reference is hereby made to the Indenture, dated as of November 22, 2021 (the “Indenture”) among Continental Resources,
Inc., an Oklahoma corporation (the “Company”), the Guarantors and Wilmington Trust, National Association (a national banking association), as trustee. Capitalized terms used but not defined herein shall have the meanings given to
them in the Indenture. 
 _______________ (the “Transferor”) owns and proposes to transfer the Note[s] or interest in such
Note[s] specified in Annex A hereto, in the principal amount at maturity of $                 in such Note[s] or interests (the
“Transfer”), to                 (the “Transferee”), as further specified in Annex A hereto. In connection
with the Transfer, the Transferor hereby certifies that: 
 [CHECK ALL THAT APPLY] 

1. ☐ Check if Transferee will take delivery of a beneficial interest in a 144A Global Note or a Definitive Note Pursuant to Rule 144A.
The Transfer is being effected pursuant to and in accordance with Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, the Transferor hereby further certifies that the
beneficial interest or Definitive Note is being transferred to a Person that the Transferor reasonably believed and believes is purchasing the beneficial interest or Definitive Note for its own account, or for one or more accounts with respect to
which such Person exercises sole investment discretion, and such Person and each such account is a “qualified institutional buyer” within the meaning of Rule 144A in a transaction meeting the requirements of Rule 144A and such Transfer is
in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be
subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the 144A Global Note and/or the Definitive Note and in the Indenture and the Securities Act. 

  
 B-1 

 2. ☐ Check if Transferee will take delivery of a beneficial interest in a Regulation S
Global Note or a Definitive Note pursuant to Regulation S. The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and, accordingly, the Transferor hereby further certifies that (i) the
Transfer is not being made to a person in the United States and (x) at the time the buy order was originated, the Transferee was outside the United States or such Transferor and any Person acting on its behalf reasonably believed and believes
that the Transferee was outside the United States or (y) the transaction was executed in, on or through the facilities of a designated offshore securities market and neither such Transferor nor any Person acting on its behalf knows that the
transaction was prearranged with a buyer in the United States, (ii) no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or Rule 904(b) of Regulation S under the Securities Act, (iii) the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act and (iv) if the proposed transfer is being made prior to the expiration of the Restricted Period, the transfer is not being made to a U.S.
Person or for the account or benefit of a U.S. Person. Upon consummation of the proposed transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will be subject to the restrictions on Transfer
enumerated in the Private Placement Legend printed on the Regulation S Global Note and/or the Definitive Note and in the Indenture and the Securities Act. 

3. ☐ Check and complete if Transferee will take delivery of a beneficial interest in a Definitive Note pursuant to any provision of the
Securities Act other than Rule 144A or Regulation S. The Transfer is being effected in compliance with the transfer restrictions applicable to beneficial interests in Restricted Global Notes and Restricted Definitive Notes and pursuant to and in
accordance with the Securities Act and any applicable blue sky securities laws of any state of the United States, and accordingly the Transferor hereby further certifies that (check one): 

(a) ☐ such Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act; 

or 
 (b) ☐ such Transfer is
being effected to the Company or a subsidiary thereof. 
 4. ☐ Check if Transferee will take delivery of a beneficial interest in an
Unrestricted Global Note or of an Unrestricted Definitive Note. 
 (a) ☐ Check if Transfer is Pursuant to Rule 144. (i) The Transfer is
being effected pursuant to and in accordance with Rule 144 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and
(ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of
the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in
the Indenture. 

  
 B-2 

 (b) ☐ Check if Transfer is Pursuant to Regulation S. (i) The Transfer is being
effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws of any state of the United States and
(ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of
the Indenture, the transferred beneficial interest or Definitive Note will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes, on Restricted Definitive Notes and in
the Indenture. 
 (c) ☐ Check if Transfer is Pursuant to Other Exemption. (i) The Transfer is being effected pursuant to and in
compliance with an exemption from the registration requirements of the Securities Act other than Rule 144, Rule 903 or Rule 904 and in compliance with the transfer restrictions contained in the Indenture and any applicable blue sky securities laws
of any State of the United States and (ii) the restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed
Transfer in accordance with the terms of the Indenture, the transferred beneficial interest or Definitive Note will not be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Notes or
Restricted Definitive Notes and in the Indenture. 

  
 B-3 

 This certificate and the statements contained herein are made for your benefit and the
benefit of the Company. 
  

			
	  

	[Insert Name of Transferor]
		
	By:	 	  

		 	Name:
		 	Title:

 Dated: _______________ 

  
 B-4 

 ANNEX A TO CERTIFICATE OF TRANSFER 

 

	1.	 The Transferor owns and proposes to transfer the following: 

[CHECK ONE OF (A) OR (B)] 

☐      (A)       a beneficial interest in the: 

 

	 	(i)	 144A Global Note (CUSIP
                ); or 

  

	 	(ii)	 Regulation S Global Note (CUSIP
                ); or 

☐      (B)       a Restricted Definitive Note. 

 

	2.	 After the Transfer the Transferee will hold: 

[CHECK ONE] 

☐      (A)       a beneficial interest in the: 

 

	 	(iv)	 144A Global Note (CUSIP
                ); or 

  

	 	(v)	 Regulation S Global Note (CUSIP
                ); or 

  

	 	(vi)	 Unrestricted Global Note (CUSIP
                ); or 

☐      (B)       a Restricted Definitive Note; or 

☐      (C)       an Unrestricted Definitive Note, 

in accordance with the terms of the Indenture. 

  
 B-5 

 EXHIBIT C 

FORM OF CERTIFICATE OF EXCHANGE 

Continental Resources, Inc. 
 P.O. Box 268835 

Oklahoma City, Oklahoma 73126 
 Facsimile: (405) 234-9253 
 Attention: John Hart, Chief Financial Officer 

Wilmington Trust, National Association 
 350 Park Avenue 

New York, New York 10022 
 Facsimile: (612) 217-5651 
 Attention: Continental Resources Administrator 

Re: [2.268% Senior Notes due 2026] / [2.875% Senior Notes due 2032] 

Reference is hereby made to the Indenture, dated as of November 22, 2021 (the “Indenture”), among Continental Resources,
Inc., an Oklahoma corporation (the “Company”), the Guarantors and Wilmington Trust, National Association (a national banking association), as trustee. Capitalized terms used but not defined herein shall have the meanings given to
them in the Indenture. 
 _______________ (the “Owner”) owns and proposes to exchange the Note[s] or interest in such
Note[s] specified herein, in the principal amount at maturity of $                 in such Note[s] or interests (the “Exchange”). In connection with the
Exchange, the Owner hereby certifies that: 
 1. Exchange of Restricted Definitive Notes or Beneficial Interests in a Restricted Global Note
for Unrestricted Definitive Notes or Beneficial Interests in an Unrestricted Global Note 
 (a) ☐ Check if Exchange is from beneficial
interest in a Restricted Global Note to beneficial interest in an Unrestricted Global Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a beneficial interest in an Unrestricted Global Note
in an equal principal amount at maturity, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer
restrictions applicable to the Global Notes and pursuant to and in accordance with the United States Securities Act of 1933, as amended (the “Securities Act”), (iii) the restrictions on transfer contained in the Indenture and the
Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest in an Unrestricted Global Note is being acquired in compliance with any applicable blue sky securities laws of
any state of the United States. 
 (b) ☐ Check if Exchange is from beneficial interest in a Restricted Global Note to Unrestricted
Definitive Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Definitive Note is being acquired for the Owner’s
own account without transfer, (ii) such Exchange 

  
 C-1 

 
has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in accordance with the Securities Act, (iii) the restrictions on
transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Definitive Note is being acquired in compliance with any applicable blue sky securities
laws of any state of the United States. 
 (c) ☐ Check if Exchange is from Restricted Definitive Note to beneficial interest in an
Unrestricted Global Note. In connection with the Owner’s Exchange of a Restricted Definitive Note for a beneficial interest in an Unrestricted Global Note, the Owner hereby certifies (i) the beneficial interest is being acquired for the
Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the
restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest is being acquired in compliance with any applicable
blue sky securities laws of any state of the United States. 
 (d) ☐ Check if Exchange is from Restricted Definitive Note to
Unrestricted Definitive Note. In connection with the Owner’s Exchange of a Restricted Definitive Note for an Unrestricted Definitive Note, the Owner hereby certifies (i) the Unrestricted Definitive Note is being acquired for the
Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Notes and pursuant to and in accordance with the Securities Act, (iii) the
restrictions on transfer contained in the Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Unrestricted Definitive Note is being acquired in compliance with any
applicable blue sky securities laws of any state of the United States. 
 2. Exchange of Restricted Definitive Notes or Beneficial Interests
in Restricted Global Notes for Restricted Definitive Notes or Beneficial Interests in Restricted Global Notes. 
 (a) ☐ Check if
Exchange is from beneficial interest in a Restricted Global Note to Restricted Definitive Note. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Note for a Restricted Definitive Note with an equal
principal amount at maturity, the Owner hereby certifies that the Restricted Definitive Note is being acquired for the Owner’s own account without transfer. Upon consummation of the proposed Exchange in accordance with the terms of the
Indenture, the Restricted Definitive Note issued will continue to be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Definitive Note and in the Indenture and the Securities Act. 

(b) ☐ Check if Exchange is from Restricted Definitive Note to beneficial interest in a Restricted Global Note. In connection with the
Exchange of the Owner’s Restricted Definitive Note for a beneficial interest in the [CHECK ONE] ☐ 144A Global Note, ☐ Regulation S Global Note, with an equal principal amount at maturity, the Owner hereby certifies (i) the
beneficial interest is being acquired for the Owner’s own account without transfer and (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Notes and pursuant to and in
accordance with the Securities Act, and in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Exchange in accordance with the terms of the Indenture, the beneficial interest
issued will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the relevant Restricted Global Note and in the Indenture and the Securities Act. 

  
 C-2 

 This certificate and the statements contained herein are made for your benefit and the
benefit of the Company. 
  

			
	  

	[Insert Name of Transferor]
		
	By:	 	  

		 	Name:
		 	Title:

 Dated: _______________ 

  
 C-3 

 EXHIBIT D 

FORM OF NOTATION OF GUARANTEE 

For value received, each Guarantor (which term includes any successor Person under the Indenture) has, jointly and severally, fully and
unconditionally and irrevocably guaranteed, to the extent set forth in the Indenture, dated as of November 22, 2021 (the “Indenture”), among Continental Resources, Inc., an Oklahoma corporation (the “Company”),
the Guarantors and Wilmington Trust, National Association (a national banking association), as trustee (the “Trustee”), and subject to the provisions in the Indenture, (a) the due and punctual payment of the principal of,
premium, if any, and interest on the Notes (as defined in the Indenture), whether at Stated Maturity, by acceleration, redemption or otherwise, the due and punctual payment of interest on overdue principal, premium, and interest, to the extent
permitted by law, and the due and punctual performance of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms of the Indenture and (b) in case of any extension of time of payment or renewal of any
Notes or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. The obligations of the
Guarantors to the Holders of Notes and to the Trustee pursuant to the Guarantee and the Indenture are expressly set forth in Article Ten of the Indenture and reference is hereby made to the Indenture for the precise terms of the Guarantee. This
Guarantee shall be governed by and construed in accordance with the laws of the State of New York. 
  

			
	[Name of Guarantor]
		
	By:	 	  

		 	Name:
		 	Title:

 Dated: _______________ 
  

  
 D-1 

 EXHIBIT E 

FORM OF GUARANTOR SUPPLEMENTAL INDENTURE 

TO BE DELIVERED BY GUARANTORS 

GUARANTOR SUPPLEMENTAL INDENTURE (this “Guarantor Supplemental Indenture”), dated as of _____________, among Continental
Resources, Inc. (the “Company”), the Company’s Subsidiaries listed on Schedule A hereto (each, a “New Guarantor”), the Company’s Subsidiaries listed on Schedule B hereto (collectively the “Existing
Guarantors”) and Wilmington Trust, National Association (a national banking association), as trustee under the Indenture referred to below (the “Trustee”). 

WITNESSETH 
 WHEREAS, the
Company, the Existing Guarantors and the Trustee are parties to an indenture (the “Indenture”), dated as of November 22, 2021, providing for the issuance of [2.268%] / [2.875%] Senior Notes due [2026 / 2032] (the
“Notes”); 
 WHEREAS, Section 9.01 of the Indenture provides that, without the consent of any Holders, the Company,
the Existing Guarantors and the Trustee, at any time and from time to time, may modify, supplement or amend the Indenture to add a Guarantor or additional obligor under the Indenture or permit any Person to guarantee the Notes and/or obligations
under the Indenture; 
 WHEREAS, each New Guarantor wishes to guarantee the Notes pursuant to the Indenture; 

WHEREAS, pursuant to the Indenture, the Company, the Existing Guarantors, the New Guarantors and the Trustee have agreed to enter into this
Guarantor Supplemental Indenture for the purposes stated herein; and 
 WHEREAS, all things necessary have been done to make this Guarantor
Supplemental Indenture, when executed and delivered by the Company, the Existing Guarantors and each New Guarantor, the legal, valid and binding agreement of the Company, the Existing Guarantors and each New Guarantor, in accordance with its terms.

 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby
acknowledged, the Company, each New Guarantor, the Existing Guarantors and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 

(1) Capitalized Terms. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture. 

(2) Guarantee. Each New Guarantor hereby guarantees the obligations of the Company under the Indenture and the Notes related thereto
pursuant to the terms and conditions of Article Ten of the Indenture, such Article Ten being incorporated by reference herein as if set forth at length herein (each such guarantee, a “Guarantee”) and such New Guarantor
agrees to be bound as a Guarantor under the Indenture as if it had been an initial signatory thereto; provided that the New Guarantor can be released from its Guarantee to the same extent as any other Guarantor under the Indenture. 

  
 E-1 

 (3) GOVERNING LAW. THIS GUARANTOR SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 (4) Counterparts. The parties may sign any number of copies of
this Guarantor Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
 (5)
Effect of Headings. The section headings herein are for convenience only and shall not affect the construction hereof. 
 (6) The
Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Guarantor Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are
made solely by the Company, Existing Guarantors and the New Guarantors. 

  
 E-2 

 IN WITNESS WHEREOF, the parties hereto have caused this Guarantor Supplemental Indenture to
be duly executed and attested, all as of the date first above written. 
 Dated: _______________ 

 

			
	 CONTINENTAL RESOURCES, INC., an Oklahoma corporation

		
	By:	 	  

		 	Name:
		 	Title:
	
	 EACH GUARANTOR LISTED ON SCHEDULE A HERETO

		
	By:	 	  

		 	Name:
		 	Title:
	
	 EACH GUARANTOR LISTED ON SCHEDULE B HERETO

		
	By:	 	  

		 	Name:
		 	Title:
	
	 WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee

		
	By:	 	  

		 	Name:
		 	Title:

  
 E-3

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