Document:

EX-4.1

 Exhibit 4.1 

RIGHTS AGREEMENT 

BETWEEN 
 IMMERSION
CORPORATION 
 AND 

COMPUTERSHARE TRUST COMPANY, N.A., 

RIGHTS AGENT 
 DATED AS
OF DECEMBER 27, 2017 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 Section 1.
	 	Definitions	  	 	1	 
			
	 Section 2.
	 	Appointment of Rights Agent	  	 	9	 
			
	 Section 3.
	 	Evidence of Rights Before Distribution Date; Transfer; Legends	  	 	9	 
			
	 Section 4.
	 	Form of Right Certificates; Countersignature	  	 	10	 
			
	 Section 5.
	 	Distribution of Certificates; Registration	  	 	11	 
			
	 Section 6.
	 	Transfer, Split Up, Combination and Exchange of Right Certificates; Mutilated, Destroyed, Lost or Stolen Right Certificates	  	 	12	 
			
	 Section 7.
	 	Exercise of Rights; Purchase Price; Expiration Date of Rights	  	 	13	 
			
	 Section 8.
	 	Cancellation and Destruction of Right Certificates	  	 	14	 
			
	 Section 9.
	 	Status and Availability of Preferred Shares	  	 	14	 
			
	 Section 10.
	 	Preferred Shares Record Date	  	 	15	 
			
	 Section 11.
	 	Adjustment of Purchase Price, Number of Shares or Number of Rights	  	 	15	 
			
	 Section 12.
	 	Certificate of Adjusted Purchase Price or Number of Shares	  	 	22	 
			
	 Section 13.
	 	Consolidation, Merger or Sale or Transfer of Assets or Earning Power	  	 	22	 
			
	 Section 14.
	 	Fractional Rights and Fractional Shares	  	 	23	 
			
	 Section 15.
	 	Rights of Action	  	 	25	 
			
	 Section 16.
	 	Agreement of Right Holders	  	 	25	 
			
	 Section 17.
	 	Right Certificate Holder Not Deemed a Stockholder	  	 	26	 
			
	 Section 18.
	 	Compensation and Indemnity of the Rights Agent	  	 	26	 
			
	 Section 19.
	 	Merger or Consolidation or Change of Name of Rights Agent	  	 	26	 
			
	 Section 20.
	 	Rights and Duties of Rights Agent	  	 	27	 
			
	 Section 21.
	 	Change of Rights Agent	  	 	31	 
			
	 Section 22.
	 	Issuance of New Right Certificates	  	 	32	 
			
	 Section 23.
	 	Redemption	  	 	32	 
			
	 Section 24.
	 	Exchange	  	 	33	 
			
	 Section 25.
	 	Notice of Certain Events	  	 	34	 
			
	 Section 26.
	 	Notices	  	 	35	 
			
	 Section 27.
	 	Supplements and Amendments	  	 	36	 
			
	 Section 28.
	 	Successors	  	 	36	 
			
	 Section 29.
	 	Benefits of this Agreement	  	 	36	 

  
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	 Section 30.
	 	Severability	  	 	36	 
			
	 Section 31.
	 	Governing Law	  	 	36	 
			
	 Section 32.
	 	Counterparts	  	 	37	 
			
	 Section 33.
	 	Descriptive Headings; Interpretation	  	 	37	 
			
	 Section 34.
	 	Administration	  	 	37	 
			
	 Section 35.
	 	Entire Agreement	  	 	37	 
			
	 Section 36.
	 	Force Majeure	  	 	37	 
			
	 Exhibit A —
	 	Form of Certificate of Designations of Series B Junior Participating Preferred Stock	  			
			
	 Exhibit B —
	 	Summary of Rights to Purchase Preferred Shares	  			
			
	 Exhibit C —
	 	Form of Right Certificate	  			

  
 ii 

 RIGHTS AGREEMENT 

This Agreement (this “Agreement”), dated as of December 27, 2017, between Immersion Corporation, a Delaware corporation
(the “Company”), and Computershare Trust Company, N.A. (the “Rights Agent”). 
 The Board of Directors of
the Company (the “Board”) has authorized and declared a dividend of one preferred share purchase right (a “Right”) for each Common Share outstanding at the Close of Business on January 8, 2018 (the
“Record Date”), each Right representing the right to purchase one one-thousandth of a Preferred Share, upon the terms and subject to the conditions herein set forth, and has further authorized
and directed the issuance of one Right with respect to each Common Share that shall become outstanding (i) between the Record Date and the earliest of the Distribution Date, the Redemption Date and the Final Expiration Date or
(ii) following the Distribution Date and prior to the Redemption Date or the Final Expiration Date, pursuant to the exercise of stock options or under any employee plan or arrangement or upon the exercise, conversion or exchange of other
securities of the Company, which options or securities were outstanding prior to the Distribution Date. 
 Accordingly, in consideration of
the promises and the mutual agreements herein set forth, the parties hereto hereby agree as follows: 
 Section 1. Definitions.
For purposes of this Agreement, the following terms have the meanings indicated: 
 (a)
“Acquiring Person” shall mean any Person that, together with all Affiliates and Associates of such Person, shall be the Beneficial Owner of 10% (the “Designated Percentage”) or more of the Common
Shares then outstanding, but shall not include (i) the Company, (ii) any Subsidiary of the Company, (iii) any employee benefit plan of the Company or of any Subsidiary of the Company, (iv) any entity or trustee holding (or acting
in a fiduciary capacity in respect of) Common Shares for or pursuant to the terms of any such employee benefit plan, or (v) any Existing Holder, unless and until such time as (x) such Existing Holder shall, after the first public
announcement of the adoption of this Agreement, become the Beneficial Owner of a percentage of Common Shares then outstanding that exceeds such Existing Holder’s Existing Percentage by 0.5% or more of the outstanding Common Shares (other than
pursuant to a dividend or distribution paid or made by the Company on the outstanding Common Shares in Common Stock or pursuant to a split or subdivision of the outstanding Common Stock), or (y) any other Person (or Persons) that is (or
collectively are) the Beneficial Owner of a percentage of Common Shares then outstanding that exceeds such Existing Holder’s Existing Percentage by 0.5% or more of the outstanding Common Shares, shall, after the first public announcement of the
adoption of this Agreement, become an Affiliate or Associate of such Existing Holder, unless, in either case of (x) or (y), such Existing Holder, together with any Affiliates and Associates thereof, does not beneficially own 10% or more of the
Common Shares then outstanding. Notwithstanding the foregoing, 

  
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 (A) No Person shall become an “Acquiring Person” if the Board determines in good faith
that a Person that would otherwise be an Acquiring Person has become such inadvertently (including because (1) such Person was unaware that such Person beneficially owned a percentage of Common Shares and/or Derivative Common Shares that would
otherwise cause such Person to be an Acquiring Person or (2) such Person was aware of the extent of such Person’s Beneficial Ownership but had no actual knowledge of the consequences of such Beneficial Ownership under this Agreement) and
without any intention of causing a change in control, or influencing the management or polices, of the Company, and such Person divests as promptly as practicable (as determined by the Board) a sufficient number of Common Shares so that such Person
would no longer qualify as an Acquiring Person (or, in the case solely of Derivative Common Shares, such Person, as promptly as practicable, terminates the subject derivative transaction or transactions or disposes of the subject derivative security
or securities). 
 (B) No Person shall become an “Acquiring Person” as the result of an acquisition of Common Shares by the
Company that, by reducing the number of shares outstanding, increases the proportionate number of shares beneficially owned by such Person and such Person’s Affiliates and Associates to the Designated Percentage or more of the Common Shares of
the Company then outstanding; provided that if a Person, together with such Person’s Affiliates and Associates, shall become the Beneficial Owner of the Designated Percentage or more of the Common Shares of the Company then outstanding
by reason of share acquisitions by the Company and such Person, together with its Affiliates and Associates, shall, after public announcement of such share acquisitions by the Company, become the Beneficial Owner of a percentage of Common Shares
then outstanding that exceeds such Existing Holder’s Existing Percentage by 0.5% or more of the outstanding Common Shares, then such Person shall be deemed to be an “Acquiring Person”. 

(b) “Affiliate” and “Associate” shall have the following meanings: 

(i) An “Affiliate” of, or a Person “affiliated” with, a specified Person, is a Person that directly, or
indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the Person specified. For this purpose, “control” (including the terms
“controlled by” and “under common control with”) means the possession, direct or indirect, of the power to direct or cause the direction of
the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise; 
 (ii) The term
“Associate” used to indicate a relationship with any Person shall mean (A) any corporation, organization, entity or association (other than the Company or a majority-owned subsidiary of
the Company) of which such Person is a director, officer or partner or is, directly or indirectly, the Beneficial Owner of 10% or more of any class of equity securities, (B) any trust or other estate in which such Person has a substantial
beneficial interest or as to which such Person serves as trustee or in a similar fiduciary capacity, and (C) any relative or spouse of such Person, or any relative of such spouse, who has the same home as such Person or who is a director or
officer of such Person or of any of its parents or Subsidiaries. 
 (c) “Agreement” shall have the meaning set forth in the
preamble hereto. 

  
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 (d) A Person shall be deemed the “Beneficial Owner” of, and shall be deemed to
“beneficially own” and have “Beneficial Ownership” of, any securities: 
 (i) that such
Person or any of such Person’s Affiliates or Associates beneficially owns, directly or indirectly (as determined pursuant to Rule 13d-3 of the General Rules and Regulations under the Exchange Act as in
effect on the date of this Agreement); 
 (ii) that such Person or any of such Person’s Affiliates or Associates has (A) the Right
to Acquire; provided that a Person shall not be deemed to be the Beneficial Owner of, or to beneficially own, (w) securities tendered pursuant to a tender or exchange offer made pursuant to, and in accordance with, the applicable rules
and regulations promulgated under the Exchange Act by or on behalf of such Person or any of such Person’s Affiliates or Associates until such tendered securities are accepted for purchase or exchange, (x) securities that such Person has a
right to acquire upon the exercise of Rights at any time prior to the time that any Person becomes an Acquiring Person, (y) securities issuable upon the exercise of Rights from and after the time that any Person becomes an Acquiring Person if
such Rights were acquired by such first Person or its Affiliates or Associates prior to the Distribution Date or pursuant to Section 3(a) or Section 22 hereof (“Original Rights”) or with respect to any adjustment to
Original Rights pursuant to Section 11 hereof, or (z) securities that such Person or its Affiliates or Associates may, does or do acquire or may be deemed to have the Right to Acquire, pursuant to any merger or other acquisition agreement
between the Company and such Person or its Affiliates or Associates if such agreement has been approved by the Board prior to such Person’s becoming an Acquiring Person; (B) the right to vote alone or in concert with others pursuant to any
agreement, arrangement or understanding, written or otherwise; provided that a Person shall not be deemed the Beneficial Owner of, or to beneficially own, any security as a result of this Section 1(d)(ii)(B) if the agreement, arrangement
or understanding to vote such security (1) arises solely from a revocable proxy or consent given to such Person in response to a public proxy or consent solicitation made pursuant to, and in accordance with, the applicable rules and regulations
promulgated under the Exchange Act and (2) is not also then reportable on Schedule 13D under the Exchange Act (or any comparable or successor report); or (C) investment power, which includes the power to dispose, or to direct the
disposition thereof; 
 (iii) that are beneficially owned, directly or indirectly, by any other Person (or any Affiliate or Associate
thereof) with which such Person or any of such Person’s Affiliates or Associates has any agreement, arrangement or understanding (other than customary agreements with and between underwriters and selling group members with respect to a bona
fide public offering of securities), written or otherwise, for the purpose of acquiring, holding, voting (except to the extent contemplated by the proviso to Section 1(d)(ii)(B)) or disposing of any securities of the Company; 

(iv) that are beneficially owned, directly or indirectly by the Counterparty (or its Affiliates or Associates) to a Derivative Transaction
(without regard to any short or similar position under the same or any other Derivative Transaction) to which such Person or its Affiliates or Associates is a Receiving Party; provided that (A) the number of Common Shares that a Person
is deemed to beneficially own pursuant to this clause (iv) in connection with a particular Derivative Transaction shall not exceed the number of Notional 

  
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Common Shares with respect to such Derivative Transaction and (B) the number of securities beneficially owned by each Counterparty (including its Affiliates and Associates) under a
Derivatives Transaction shall for purposes of this clause (iv) be deemed to include all securities that are beneficially owned, directly or indirectly, by any other Counterparty or its Affiliates or Associates under any Derivatives Contract to
which such first Counterparty or its Affiliates or Associates is a Receiving Party, with this clause (B) being applied to successive Counterparties as appropriate; and 

(v) that, to the extent not covered by clause (iv), are the subject of a Derivative Transaction entered into by such Person or its Affiliates
or Associates, or derivative security acquired by such Person or its Affiliates or Associates; provided that the number of Common Shares that a Person is deemed to beneficially own pursuant to this clause (v) in connection with a
particular Derivative Transaction shall not exceed the number of Notional Common Shares with respect to such Derivative Transaction (less any shares covered by clause (iv)). 

For the avoidance of doubt, interests in broad-based index options, broad-based index futures and broad-based publicly traded
market baskets of stocks approved for trading by the appropriate federal governmental authority shall not be deemed beneficially owned by virtue of the operation of Section 1(d)(iv) or (v) hereof. 

For purposes hereof, “Derivatives Transaction” shall mean a contract between two parties (the
“Receiving Party” and the “Counterparty”) that is designed to produce economic benefits and risks to the Receiving Party that correspond substantially to the ownership by the Receiving Party of a number of Common
Shares specified or referenced in such contract (the number corresponding to such economic benefits and risks, the “Notional Common Shares”), regardless of whether (i) obligations under such contract are required or permitted
to be settled through the delivery of cash, Common Shares or other property or (ii) such contract conveys any voting rights in Common Shares, without regard to any short or similar position under the same or any other Derivative Transaction.
For the avoidance of doubt, acquisitions of interests in broad-based index options, broad-based index futures and broad-based publicly traded market baskets of stocks approved for trading by the appropriate federal governmental authority shall not
be deemed to be Derivatives Transactions. 
 Notwithstanding anything in this definition of Beneficial Ownership to the contrary,
(A) the phrase “then outstanding,” when used with reference to a Person’s Beneficial Ownership of securities of the Company, shall mean the number of such securities then issued and outstanding together with the number of
such securities not then actually issued and outstanding that such Person would be deemed to beneficially own hereunder, and (B) a Person who is a director or officer of the Company or who is an Affiliate or Associate of a director or officer
of the Company (each, an “Exempted Person”) shall not be deemed to “beneficially own” Common Shares held by another Exempted Person solely by reason of any agreement, arrangement or understanding, written or otherwise,
entered into in opposition to a transaction that, at the time such agreement, arrangement or understanding was entered into, has not been approved or recommended by the Board to the stockholders of the Company. 

  
 4 

 (e) “Board” shall have the meaning set forth in the preamble hereto. 

(f) “Book Entry Shares” shall have the meaning set forth in Section 3(a) hereof. 

(g) “Business Day” shall mean any day other than a Saturday, a Sunday, or a day on which banking
institutions in the State of California are authorized or obligated by law or executive order to close. 
 (h)
“Close of Business” on any given date shall mean 5:00 p.m., Eastern Time, on such date; provided that if such date is not a Business Day it shall mean 5:00 p.m., Eastern Time, on the next
succeeding Business Day. 
 (i) “Common Shares” when used with reference to the Company shall mean the
shares of common stock, par value $0.001 per share, of the Company. “Common Shares” when used with reference to any Person other than the Company, shall mean the capital stock (or equity interest) with the greatest voting power of such
other Person or, if such other Person is a Subsidiary of another Person, of the Person or Persons that ultimately control such first-mentioned Person. 

(j) “common stock equivalents” shall have the meaning set forth in Section 11(a)(iii) hereof. 

(k) “Company” shall have the meaning set forth in the preamble hereto. 

(l) “current per share market price” shall have the meaning set forth in Section 11(d)(i) hereof. 

(m) “Current Value” shall have the meaning set forth in Section 11(a)(iii) hereof. 

(n) “Derivative Common Shares” shall mean such Common Shares that are deemed beneficially owned by virtue of the operation of
Section 1(d)(iv) or (v) hereof. 
 (o) “Designated Percentage” shall have the meaning set forth in
Section 1(a) hereof. 
 (p) “Distribution Date” shall mean the earlier of the date that is (i) the 10th day after
the Shares Acquisition Date or (ii) the 10th Business Day (or such later date as may be determined by action of the Board prior to such time as any Person becomes an Acquiring Person) after the first public announcement of the intention of any
Person (other than the Company, any Subsidiary of the Company, any employee benefit plan of the Company or of any Subsidiary of the Company or any entity holding Common Shares for or pursuant to the terms of any such plan) to commence, or the
commencement by such Person of, a tender or exchange offer the consummation of which would result in any such Person becoming an Acquiring Person (including any such date that is after the date of this Agreement and prior to the issuance of the
Rights); provided that prior to the occurrence of a Distribution Date specified 

  
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as a result of an event described in clause (ii) (or such later Distribution Date as the Board may select pursuant to this sentence), the Board may postpone, one or more times, the Distribution
Date which would occur as a result of an event described in clause (ii) beyond the date set forth in clause (ii); provided, however, that nothing shall permit such a postponement of a Distribution Date after a Person becomes an
Acquiring Person, subject to clauses (A) and (B) of the definition of Acquiring Person. 
 (q) “equivalent preferred
shares” shall have the meaning set forth in Section 11(b) hereof. 
 (r) “Exchange Act”
shall mean the Securities Exchange Act of 1934, as amended. 
 (s) “Exchange Ratio” shall have the meaning set forth in
Section 24(a) hereof. 
 (t) “Exempted Person” shall have the meaning set forth in Section 1(d)(iv) hereof. 

(u) “Existing Holder” shall mean any Person that, immediately prior to the first public announcement of the adoption of this
Agreement (“Announcement Date”), together with all Affiliates and Associates of such Person, shall be the Beneficial Owner of 10% or more of the Common Stock of the Company then outstanding. 

(v) “Existing Percentage” shall mean, with respect to any Existing Holder, the percentage of the outstanding Common Shares of
the Company that such Existing Holder, together with all Affiliates and Associates thereof, Beneficially Owns as of the Announcement Date; provided that, in the event any Existing Holder shall sell, transfer, or otherwise dispose of any
outstanding Common Shares of the Company after the Declaration Date, the Existing Percentage shall, subsequent to such sale, transfer or disposition, mean, with respect to such Existing Holder, the lesser of (i) the Existing Percentage as in
effect immediately prior to such sale, transfer or disposition or (ii) the percentage of outstanding Common Shares of the Company that such Existing Holder, together with all Affiliates and Associates thereof, Beneficially Owns immediately
following such sale, transfer or disposition. 
 (w) “Expiration Date” shall have the meaning set forth in
Section 7(a) hereof. 
 (x) “Final Expiration Date” shall mean December 26,
2018. 
 (y) “NASDAQ” shall mean the NASDAQ Stock Exchange. 

(z) “Original Rights” shall have the meaning set forth in Section 1(d)(ii) hereof. 

(aa) “Person” shall mean any individual, firm, corporation, partnership, joint venture, limited partnership, business trust,
limited liability company, unincorporated association or other entity, and shall include any successor (by merger or otherwise) of such entity. 

  
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 (bb) “Preferred Shares” shall mean shares of Series B Junior
Participating Preferred Stock, par value $0.001 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations of Series B Junior Participating Preferred Stock attached to this Agreement as
Exhibit A. 
 (cc) “Principal Issuer” shall mean (i) in the case of any transaction
described in clause (a) or (b) of the first sentence of Section 13 hereof, the Person that is the issuer of any securities into which Common Shares are converted in such merger or consolidation, and if no securities are so issued, the
Person that is the other party to such merger or consolidation and (ii) in the case of any transaction described in clause (c) of the first sentence of Section 13 hereof, the Person that is the party receiving the greatest portion of
the assets, cash flow or earning power transferred pursuant to such transaction or transactions; provided that in any such case, (1) if the common stock of such Person is not at such time and has not been continuously over the preceding
12 month period registered under Section 12 of the Exchange Act, and such Person is a direct or indirect Subsidiary of another Person the common stock of which is and has been so registered, “Principal Issuer” shall refer to such
other Person; and (2) in case such Person is a Subsidiary, directly or indirectly, of more than one Person, the common stock of two or more of which are and have been so registered, “Principal Issuer” shall refer to whichever of such
Persons is the issuer of the common stock having the greatest aggregate market value. 
 (dd) “Purchase Price” shall mean
$30.00 per one one-thousandth of a Preferred Share. 
 (ee) “Record Date” shall
have the meaning set forth in the preamble hereto. 
 (ff) “Redemption Date” shall mean the time at which the Rights are
redeemed as provided in Section 7(a) hereof. 
 (gg) “Redemption Period” shall have the meaning set forth in
Section 23(a) hereof. 
 (hh) “Redemption Price” shall mean $0.001 per Right, appropriately adjusted to reflect
each stock split, stock combination, stock dividend or similar transaction occurring after the date hereof. 
 (ii) “Right”
shall have the meaning set forth in the preamble hereto. 
 (jj) “Right to Acquire” shall mean a legal, equitable or
contractual right to acquire (whether directly or indirectly and whether exercisable immediately, or only after the passage of time, compliance with regulatory requirements, fulfillment of a condition or otherwise), pursuant to any agreement,
arrangement or understanding, whether or not in writing (excluding customary agreements entered into in good faith with and between an underwriter and selling group members in connection with a firm commitment underwriting registered under the

  
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Securities Act of 1933, as amended), or upon the exercise of any option, warrant or right, through conversion of a security, pursuant to the power to revoke a trust, discretionary account or
similar arrangement, pursuant to the power to terminate a repurchase or similar so called “stock borrowing” agreement or arrangement, or pursuant to the automatic termination of a trust, discretionary account or similar arrangement. 

(kk) “Rights Agent” shall have the meaning set forth in the preamble hereto. 

(ll) “Rights Certificate” shall have the meaning set forth in Section 4(a) hereof. 

(mm) “Section 11(a)(ii) Trigger Date” shall have the meaning set forth in
Section 11(a)(iii) hereof. 
 (nn) “Security” shall have the meaning set forth in Section 11(d) hereof. 

(oo) “Shares Acquisition Date” shall mean the earliest of the date (i) of the
public announcement by the Company or an Acquiring Person that an Acquiring Person has become such, (ii) of the public disclosure of facts by the Company or an Acquiring Person indicating that an Acquiring Person has become such, and
(iii) on which a majority of the Board has determined in good faith that an Acquiring Person has become such, taking into account, in the case of each of clauses (i), (ii) and (iii) of this definition, the provisions of clauses
(A) and (B) of Section 1(a) hereof. 
 (pp) “Spread” shall have the meaning set forth in
Section 11(a)(iii) hereof. 
 (qq) “Subsidiary” of any Person shall mean any Person of which a majority of the voting
power of the voting equity securities or equity interest is owned, directly or indirectly, by such Person. 
 (rr) “Substitution
Period” shall have the meaning set forth in Section 11(a)(iii) hereof. 
 (ss) “Successor” shall mean the
estate or legal representative of a deceased individual, the beneficiary of a deceased individual’s estate, a trust created by a deceased individual as grantor, or the beneficiary of a trust created by a deceased individual as grantor. 

(tt) “Summary of Rights” shall have the meaning set forth in Section 3(a) hereof. 

(uu) “Trading Day” shall mean a day on which the principal national securities exchange on which the Security is listed or
admitted to trading is open for the transaction of business or, if the Security is not listed or admitted to trading on any national securities exchange, a Business Day. 

  
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 (vv) “Trust” shall have the meaning set forth in Section 24(b) hereof.

 (ww) “Trust Agreement” shall have the meaning set forth in Section 24(b) hereof. 

Section 2. Appointment of Rights Agent. The Company hereby appoints the Rights Agent to act as rights agent for the Company, in
accordance with the express terms and conditions hereof (and no implied terms or conditions), and the Rights Agent hereby accepts such appointment. The Company may from time to time appoint such co-rights
agents as it may deem necessary or desirable, upon 10 days’ prior written notice to the Rights Agent. The Rights Agent shall have no duty to supervise, and shall in no event be liable for, the acts or omissions of any such co-rights agent. 
 Section 3. Evidence of Rights Before Distribution Date;
Transfer; Legends. 
 (a) From the Record Date until the Close of Business on the earliest of the Distribution Date, the Redemption Date
and the Final Expiration Date, (i) the Rights will be evidenced by the certificates for Common Shares registered in the names of the holders thereof or, in the case of uncertificated Common Shares registered in book entry form (“Book
Entry Shares”), by notation in book entry (which certificates for Common Shares or book entry account that evidences record ownership for such shares shall also be deemed to be Right Certificates) and not by separate Right Certificates and
(ii) Rights (and the right to receive certificates therefor) will be transferable only in connection with the transfer of Common Shares. On the Record Date, or as soon as practicable thereafter, the Company will send a copy of a Summary of
Stock Purchase Rights, in substantially the form of Exhibit B hereto (the “Summary of Rights”) to each record holder of Common Shares as of the Close of Business on the Record Date by electronic mail or such other means as
the Company may determine at the address of such holder shown on the records of the Company, with a copy thereof to the Rights Agent; provided that the Company will send a copy of the Summary of Rights by first-class, postage-prepaid mail to
each record holder that so requests prior to the Expiration Date. Any failure to send a copy of the Summary of Rights shall not invalidate the Rights or affect their transfer with the Common Shares. With respect to Common Shares outstanding as of
the Record Date, until the Distribution Date, the Rights will be evidenced by the certificates for such Common Shares (or, in the case of Book Entry Shares, by the book entry account that evidences record ownership for such shares) registered in the
names of the holders thereof, together with (in the case of certificates representing Common Shares) a copy of the Summary of Rights attached hereto. Until the earliest of the Distribution Date, the Redemption Date and the Final Expiration Date, the
surrender for transfer of any certificate for Common Shares (or the effectuation of a book entry transfer of Common Shares) outstanding on the Record Date, with or without a copy of the Summary of Rights attached thereto, shall also constitute the
surrender for transfer of the Rights associated with the Common Shares represented thereby. 
 (b) Certificates for Common Shares that become
outstanding (including reacquired Common Shares referred to in the last sentence of this Section 3(b)) after the Record Date, but prior to the earliest of the Distribution Date, the Redemption Date and the Final Expiration Date, or in certain
circumstances provided in Section 22 hereof, after the Distribution Date, shall have impressed on, printed on, written on or otherwise affixed to them the following legend: 

  
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 This certificate also evidences and entitles the holder hereof to certain rights (the
“Rights”) as set forth in a Rights Agreement between Immersion Corporation and Computershare Trust Company, N.A., as Rights Agent (or any successor rights agent) dated as of December 27, 2017, as such may subsequently be amended,
supplemented or otherwise modified from time to time (the “Rights Agreement”), the terms of which are hereby incorporated herein by reference and a copy of which is on file at the principal executive offices of Immersion Corporation. Under
certain circumstances, as set forth in the Rights Agreement, such Rights will be evidenced by separate certificates and will no longer be evidenced by this certificate. Immersion Corporation will mail to the holder of this certificate a copy of the
Rights Agreement without charge after receipt of a written request therefor. Under certain circumstances, as set forth in the Rights Agreement, Rights that are or were acquired or beneficially owned by a Person that is or becomes an Acquiring Person
or any Associates or Affiliates thereof (as such terms are defined in the Rights Agreement) or any subsequent holder of such rights may become null and void and will no longer be transferable. 

With respect to any Book Entry Shares, such legend shall be included in a notice to the record holder of such shares in accordance with applicable law. With
respect to such certificates containing the foregoing legend, or any notice of the foregoing legend delivered to holders of Book Entry Shares, until the Distribution Date, the Rights associated with the Common Shares represented by certificates or
registered in book entry form shall be evidenced by such certificates or such registration in book entry form alone, and the surrender for transfer of any such certificates or Book Entry Shares shall also constitute the transfer of the Rights
associated with the Common Shares represented thereby. In the event that the Company purchases or acquires any Common Shares after the Record Date but prior to the Distribution Date, any Rights associated with such Common Shares shall be deemed
cancelled and retired so that the Company shall not be entitled to exercise any Rights associated with the Common Shares that are no longer outstanding. 

Notwithstanding anything to the contrary in this clause (b), neither the omission of a legend nor the failure to deliver the notice of such legend required
hereby shall affect the enforceability of any part of this Agreement or the rights of any holder of the Rights. 
 Section 4. Form
of Right Certificates; Countersignature. 
 (a) From and after the Distribution Date until the earlier of the Redemption Date and the
Final Expiration Date, Rights will be evidenced solely by the Right Certificates that, together with the forms of election to purchase Preferred Shares and of assignment to be printed on the reverse thereof, shall be substantially in the form set
forth as Exhibit C hereto (each, a “Rights Certificate”), which may have such marks of identification or designation and such legends, summaries or endorsements printed thereon as the Company may deem
appropriate (but which do not affect the rights, duties, liabilities or responsibilities of the Rights Agent) and as are not inconsistent with the provisions of this Agreement, or as may be 

  
 10 

 
required to comply with any applicable law or with any rule or regulation made pursuant thereto or with any rule or regulation of any stock exchange on which the Rights may from time to time be
listed, or to conform to usage. Subject to the other provisions of this Agreement, the Right Certificates shall entitle the holders thereof to purchase such number of one one-thousandths of a Preferred Share
as shall be set forth therein at the Purchase Price, but the number of such one one-thousandths of a Preferred Share and the Purchase Price shall be subject to adjustment as provided herein. 

(b) The Right Certificates shall be duly executed on behalf of the Company by its Chief Executive Officer (including a Person acting in such
capacity on an interim basis), its Chief Financial Officer, its Senior Vice President or any of its Vice Presidents, or the General Counsel and Secretary of the Company, either manually or by facsimile signature, may have affixed thereto the
Company’s seal or a facsimile thereof, and shall be attested by the Secretary or any Assistant Secretary of the Company, either manually or by facsimile signature. Upon written request by the Company, the Right Certificates shall be
countersigned by the Rights Agent, either manually or by facsimile, and shall not be valid for any purpose unless so countersigned. In case any officer of the Company who shall have signed any of the Right Certificates shall cease to be such officer
of the Company before countersignature by the Rights Agent and issuance and delivery by the Company, such Right Certificates, nevertheless, may be countersigned by the Rights Agent and issued and delivered by the Company with the same force and
effect as though the individual who signed such Right Certificates had not ceased to be such officer of the Company; and any Right Certificate may be signed on behalf of the Company by any individual who, at the actual date of the execution of such
Right Certificate, shall be a proper officer of the Company to sign such Right Certificate, although at the date of the execution of this Agreement any such individual was not such an officer. 

(c) Notwithstanding any other provisions hereof, the Company and the Rights Agent may amend this Agreement to provide for uncertificated
Rights in addition to or in place of Rights evidenced by Rights Certificates. 
 Section 5. Distribution of Certificates;
Registration. 
 (a) As soon as practicable after the Distribution Date (and so long as the Redemption Date and the Final Expiration
Date shall not have occurred), the Company will prepare and execute, upon written request by the Company, the Rights Agent will countersign (either manually or by facsimile signature) and the Company will send or cause to be sent (and the Rights
Agent will, if requested in writing by the Company and provided with all necessary information, at the expense of the Company, send) by first-class, insured,
postage-prepaid mail to each record holder of Common Shares as of the Close of Business on the Distribution Date (other than the holder of Rights that have become null and void pursuant to
Section 11(a)(ii) hereof; it being understood that the Company may implement such procedures, as it deems appropriate in its sole discretion, to minimize the possibility that Rights are received by Persons whose Rights would be so void), at the
address of such holder shown on the records of the Company, Rights Certificates evidencing one Right for each Common Share so held. 

  
 11 

 (b) Following the Distribution Date, and receipt by the Rights Agent of written notice to that
effect and all other relevant information and documents required hereunder, the Rights Agent will keep or cause to be kept, at its office or offices designated for such purpose, books for registration and transfer of the Right Certificates issued
hereunder. Such books shall show the names and addresses of the respective holders of the Right Certificates, the number of Rights evidenced on its face by each of the Right Certificates and the date of each of the Right Certificates. 

Section 6. Transfer, Split Up, Combination and Exchange of Right Certificates; Mutilated, Destroyed, Lost or Stolen Right
Certificates. 
 (a) Subject to the provisions of Section 14 hereof, at any time after the Close of Business on the Distribution
Date, and at or prior to the Close of Business on the earlier of the Redemption Date and the Final Expiration Date, any Right Certificate (other than Right Certificates representing Rights that have become null and void pursuant to
Section 11(a)(ii) hereof or Rights that have been redeemed or exchanged pursuant to Section 23 or Section 24 hereof) may be transferred, split up, combined or exchanged for another Right Certificate, entitling the registered holder to
purchase a like number of one one-thousandths of a Preferred Share as the Right Certificate or Right Certificates surrendered then entitled such holder to purchase. Any registered holder desiring to transfer,
split up, combine or exchange any Right Certificate or Right Certificates shall make such request in writing delivered to the Rights Agent, and shall surrender the Right Certificate or Right Certificates to be transferred, split up, combined or
exchanged at the office or offices of the Rights Agent designated for such purpose, accompanied by a signature guarantee and such other documentation as the Rights Agent may reasonably request. Thereupon, the Rights Agent shall countersign and
deliver to the Person entitled thereto a Right Certificate or Right Certificates, as the case may be, as so requested, registered in such name or names as may be designated by the surrendering registered holder. The Company may require payment of a
sum sufficient for any tax or governmental charge that may be imposed in connection with any transfer, split up, combination or exchange of Right Certificates. The Rights Agent shall have no duty or obligation under any section of this Agreement
that requires the payment of taxes or charges unless and until it is satisfied that all such taxes or charges have been paid. 
 (b) Upon
receipt by the Company and the Rights Agent of evidence reasonably satisfactory to them of the loss, theft, destruction or mutilation of a Right Certificate (other than Right Certificates representing Rights that have become null and void pursuant
to Section 11(a)(ii) hereof or Rights that have been redeemed or exchanged pursuant to Section 23 or Section 24 hereof), and such additional evidence of the identity of the Beneficial Owner (or former Beneficial Owner) or Affiliates
or Associates thereof as the Company or the Rights Agent shall reasonably request, accompanied by a signature guarantee and such other documentation as the Rights Agent may reasonably request, and, in case of loss, theft or destruction, of indemnity
or security reasonably satisfactory to them, and, at the Company’s or the Rights Agent’s request, reimbursement to the Company and the Rights Agent of all reasonable expenses incidental thereto, and upon surrender to the Rights Agent and
cancellation of the Right Certificate if mutilated, the Company will make and deliver a new Right Certificate of like tenor to the Rights Agent for delivery to the registered holder in lieu of the Right Certificate so lost, stolen, destroyed or
mutilated. 

  
 12 

 Section 7. Exercise of Rights; Purchase Price; Expiration Date of Rights. 

(a) The registered holder of any Right Certificate (other than a holder whose Rights have become null and void pursuant to
Section 11(a)(ii) hereof or have been redeemed or exchanged pursuant to Section 23 or Section 24 hereof) may exercise the Rights evidenced thereby in whole or in part at any time after the Distribution Date and prior to the Expiration
Date upon surrender of the Right Certificate, with the appropriate form of election to purchase on the reverse side thereof properly completed and duly executed, to the Rights Agent at its office or offices designated for such purpose, accompanied
by a signature guarantee and such other documentation as the Rights Agent may reasonably request, together with payment of the Purchase Price for each one one-thousandth of a Preferred Share as to which the
Rights are exercised. For purposes of this Agreement, the “Expiration Date” shall mean the earliest of (i) the Close of Business on the Final Expiration Date, (ii) the time at which the Rights are redeemed as provided in
Section 23 hereof (the “Redemption Date”), (iii) the time at which the right to exercise the Rights terminates pursuant to Section 24 hereof or (iv) the closing of any merger or other
acquisition transaction involving the Company pursuant to any agreement of the type described in Section 1(d)(ii)(A)(z) hereof. 
 (b)
The purchase price for each one one-thousandth (i.e., 1/1000) of a Preferred Share to be purchased upon the exercise of a Right shall initially be the Purchase Price and such Purchase Price shall be subject to
adjustment from time to time as provided in Section 11 and Section 13 hereof and shall be payable in lawful money of the United States of America in accordance with paragraph (c) below. 

(c) Upon receipt of a Right Certificate representing exercisable Rights, with the appropriate form of election to purchase and certificate
properly completed and duly executed, accompanied by payment of the aggregate Purchase Price for the number of one one-thousandths of a Preferred Share to be purchased and an amount equal to any applicable
transfer tax or charge required to be paid by the holder of such Right Certificate in accordance with Section 9 hereof by cash, certified check, cashier’s check or money order payable to the order of the Company, the Rights Agent shall
thereupon promptly (i) (A) requisition from any transfer agent of the Preferred Shares (or from the Company if there shall be no such transfer agent, or make available if the Rights Agent is the transfer agent) certificates for the number
of one one-thousandths of a Preferred Share to be purchased and the Company hereby irrevocably authorizes its transfer agent to comply with all such requests, or (B) requisition from any depositary agent
for the Preferred Shares depositary receipts representing such number of one one-thousandths of a Preferred Share as are to be purchased (in which case certificates for the Preferred Shares represented by such
receipts shall be deposited by the transfer agent with the depositary agent) and the Company hereby directs any such depositary agent to comply with such request, (ii) when appropriate, requisition from the Company the amount of cash to be paid
in lieu of issuance of fractional Preferred Shares in accordance with Section 14 hereof, (iii) after receipt of such certificates or depositary receipts, cause the same to be delivered to or upon the order of the registered holder of such
Right Certificate, registered in such name or names as may be designated in writing by such holder and (iv) when appropriate, after receipt, deliver such cash to or upon the order of the registered holder of such Right Certificate. 

  
 13 

 (d) In case the registered holder of any Right Certificate shall exercise less than all the
Rights evidenced thereby, a new Right Certificate evidencing Rights equivalent to the Rights remaining unexercised shall be issued by the Rights Agent to the registered holder of such Right Certificate or to such holder’s duly authorized
assigns, subject to the provisions of Section 6 and Section 14 hereof. 
 (e) The Company covenants and agrees that it will cause
to be reserved and kept available, out of its authorized and unissued Preferred Shares or any Preferred Shares held in its treasury, the number of Preferred Shares that will be sufficient to permit the exercise in full of all outstanding Rights in
accordance with this Section 7. 
 (f) Notwithstanding anything in this Agreement to the contrary, (i) the Rights shall not become
exercisable pursuant to any provision of this Agreement prior to the Distribution Date and (ii) neither the Rights Agent nor the Company shall be obligated to undertake any action with respect to a registered holder upon the occurrence of any
purported exercise as set forth in this Section 7 unless such registered holder shall have (A) properly completed and duly executed the certificate following the appropriate form of election to purchase set forth on the reverse side of the
Right Certificate surrendered for such exercise and (B) provided such additional evidence of the identity of the Beneficial Owner (or former Beneficial Owner) or Affiliates or Associates thereof, as the Company or the Rights Agent shall
reasonably request. 
 Section 8. Cancellation and Destruction of Right Certificates. All Right Certificates surrendered for the
purpose of and accepted for exercise, transfer, split up, combination or exchange shall, if surrendered to the Company or to any of its agents (other than the Rights Agent), be delivered to the Rights Agent for cancellation or in cancelled form, or,
if delivered or surrendered to the Rights Agent, shall be cancelled by it, and no Right Certificates shall be issued in lieu thereof except as expressly permitted by any of the provisions of this Agreement. The Company shall deliver to the Rights
Agent for cancellation and retirement, and the Rights Agent shall so cancel and retire, any other Right Certificate purchased or acquired by the Company otherwise than upon the exercise thereof. The Rights Agent shall deliver all cancelled Right
Certificates to the Company, or shall, at the written request of the Company, destroy or cause to be destroyed such cancelled Right Certificates, and in such case shall deliver a certificate of destruction thereof to the Company. 

Section 9. Status and Availability of Preferred Shares. 

(a) The Company covenants and agrees that it will take all such action as may be necessary to ensure that all Preferred Shares (and following
the occurrence of an event described in Section 11(a)(ii) or Section 13 hereof, Common Shares and/or other securities) delivered upon exercise of Rights shall, at the time of delivery of the certificates (or making of book entry notations)
for such shares (subject to payment of the Purchase Price), be duly and validly authorized and issued and fully paid and non-assessable shares. 

  
 14 

 (b) The Company further covenants and agrees that it will pay when due and payable any and all
federal and state transfer taxes and charges which may be payable in respect of the issuance or delivery of the Right Certificates or of any Preferred Shares (or Common Shares or other securities, as the case may be) upon the exercise of Rights. The
Company shall not, however, be required to pay any transfer tax which may be payable in respect of any transfer or delivery of Right Certificates to a Person other than, or the issuance or delivery of certificates (or book entry notations) or
depositary receipts for the Preferred Shares (or Common Shares or other securities, as the case may be) in a name other than that of, the registered holder of the Right Certificate evidencing Rights surrendered for exercise or to issue or to deliver
any certificates (or book entry notations) or depositary receipts for Preferred Shares (or Common Shares or other securities, as the case may be) upon the exercise of any Rights until any such tax shall have been paid (any such tax being payable by
the holder of such Right Certificate at the time of surrender) or until it has been established to the Company’s or the Rights Agent’s reasonable satisfaction that no such tax is due. 

(c) The Company covenants and agrees that it will cause to be reserved and kept available, out of its authorized and unissued Preferred Shares
(and following the occurrence of an event described in Section 11(a)(ii) or Section 13 hereof, Common Shares and/or other securities) or any shares held in its treasury, the number of Preferred Shares (or Common Shares or other securities,
as the case may be) that will be sufficient to permit the exercise in full of all outstanding Rights in accordance with Section 7. 

Section 10. Preferred Shares Record Date. Each Person in whose name any certificate (or book entry notation) for Preferred Shares
(or Common Shares or other securities, as the case may be) is issued upon the valid exercise of Rights shall for all purposes be deemed to have become the holder of record of the shares represented thereby on, and such certificate (or book entry
notation) shall be dated, the date upon which the Right Certificate evidencing such Rights was duly surrendered with the forms of election and certification properly completed and duly executed and payment of the Purchase Price (and any applicable
transfer taxes) was made. Prior to the exercise of the Rights evidenced thereby, the holder of a Right Certificate shall not be entitled to any rights of a holder of Preferred Shares or any other securities for which the Rights shall be exercisable,
including the right to vote, to receive dividends or other distributions or to exercise any preemptive rights, and shall not be entitled to receive any notice of any proceedings of the Company, except as provided herein. 

Section 11. Adjustment of Purchase Price, Number of Shares or Number of Rights. 

(a) (i) In the event the Company shall at any time after the date of this Agreement (A) declare a dividend on the Preferred Shares
payable in Preferred Shares, (B) subdivide the outstanding Preferred Shares, (C) combine the outstanding Preferred Shares into a smaller number of Preferred Shares or (D) issue any shares of its capital stock in a reclassification of
the Preferred Shares (including any such reclassification in connection with a consolidation or merger in which the Company is the continuing or surviving corporation), except as otherwise provided in this Section 11(a), the Purchase Price in
effect at the time of the record date for such dividend or of the effective date of such subdivision, combination or reclassification, and the number and kind of shares of capital stock that would be issuable upon exercise of a Right on such date
(if such Rights were then exercisable), shall be proportionately adjusted so that the holder of any Right exercised after such time shall be entitled to receive the aggregate number and kind of shares of capital stock that, if such Right had been
exercised immediately prior to such date, such holder would have owned upon such exercise and been 

  
 15 

 
entitled to receive by virtue of such dividend, subdivision, combination or reclassification; provided that in no event shall the consideration to be paid upon the exercise of one Right be
less than the aggregate par value of the shares of the class or series of capital stock of the Company issuable upon exercise of one Right. 

(ii) Subject to the following paragraph of this subparagraph (ii) and to Section 24 of this Agreement, on the Shares Acquisition
Date (unless the event causing the Shares Acquisition Date is a transaction set forth in Section 13 hereof), each holder of a Right shall thereafter have a right to receive, upon exercise thereof at a price equal to the then current Purchase
Price multiplied by the number of one one-thousandths of a Preferred Share for which a Right is then exercisable, in accordance with the terms of this Agreement and in lieu of Preferred Shares, such number of
Common Shares as shall equal the result obtained by (x) multiplying the then current Purchase Price by the number of one one-thousandths of a Preferred Share for which a Right is then exercisable and
dividing that product by (y) 50% of the then current per share market price of the Common Shares (determined pursuant to Section 11(d) hereof) on the date such Person became an Acquiring Person. In the event that any Person shall become an
Acquiring Person and the Rights shall then be outstanding, the Company shall not take any action that would eliminate or diminish the benefits intended to be afforded by the Rights. 

From and after the Shares Acquisition Date, any Rights that are or were acquired or beneficially owned by (A) any Acquiring Person or
any Affiliate or Associate of such Acquiring Person, (B) a transferee of any Acquiring Person (or of any Affiliate or Associate of such Acquiring Person) who becomes a transferee after the Acquiring Person becomes such or (C) a transferee
of any Acquiring Person (or of any Affiliate or Associate of such Acquiring Person) who becomes a transferee prior to or concurrently with the Acquiring Person becoming such and receives such Rights pursuant to either (1) a transfer (whether or
not for consideration) from the Acquiring Person (or any Affiliate or Associate of such Acquiring Person) to holders of equity interests in such Acquiring Person (or such Affiliate or Associate) or to any Person with whom the Acquiring Person (or
such Affiliate or Associate) has any continuing agreement, arrangement or understanding regarding the transferred Rights or (2) a transfer that the Board has determined is part of a plan, arrangement or understanding that has as a primary
purpose or effect avoidance of this Section 11(a)(ii), and subsequent transferees, shall become null and void without any further action. No Right Certificate shall be issued pursuant to Section 3 that represents Rights beneficially owned
by an Acquiring Person whose Rights would be null and void pursuant to the preceding sentence or any Associate or Affiliate thereof; no Right Certificate shall be issued at any time upon the transfer of any Rights to an Acquiring Person whose Rights
would be null and void pursuant to the preceding sentence or any Associate or Affiliate thereof or to any nominee of such Acquiring Person, Associate or Affiliate; and any Right Certificate delivered to the Rights Agent for transfer to an Acquiring
Person whose Rights would be null and void pursuant to the preceding sentence, or any Associate or Affiliate thereof, shall be cancelled. The Company shall give the Rights Agent written notice of the identity of any such Acquiring Person, and its
Affiliates and Associates, or the nominee of any of the foregoing, and the Rights Agent may rely on such written notice in carrying out its duties under this Agreement and shall be deemed not to have any knowledge of the identity of any such
Acquiring Person, Associate or Affiliate, or the nominee of any of the foregoing, unless and until it shall have received such written notice. This paragraph shall apply not only to an initial Acquiring Person, and its Affiliates and Associates, but
also to subsequent Acquiring Persons, and their Affiliates and Associates. 

  
 16 

 The Company shall use all reasonable efforts to ensure that the provisions of this
Section 11(a)(ii) are complied with, but shall have no liability to any holder of Rights or any other Person as a result of its failure to make any determinations with respect to any Acquiring Person or its Affiliates or Associates or
transferees hereunder. 
 (iii) In the event that the number of Common Shares that are authorized by the Company’s certificate of
incorporation and not outstanding or subscribed for, or reserved or otherwise committed for issuance for purposes other than upon exercise of the Rights, is not sufficient to permit the holder of each Right to purchase the number of Common Shares to
which such holder would be entitled upon the exercise in full of the Rights in accordance with the foregoing Section 11(a)(ii), or should the Board so elect, the Company shall: (A) determine the excess of (1) the value of the Common
Shares issuable upon the exercise of a Right (calculated as provided in the last sentence of this subparagraph (iii)) pursuant to Section 11(a)(ii) hereof (the “Current Value”) over (2) the Purchase Price (such excess, the
“Spread”), and (B) with respect to each Right, make adequate provision to substitute for such Common Shares, upon payment of the applicable Purchase Price (or, in the case of a reduction in price, at the time that such payment
of the applicable Purchase Price would otherwise occur), any one or more of the following having an aggregate value determined by the Board in good faith to be equal to the Current Value: (1) cash, (2) a reduction in the Purchase Price,
(3) Common Shares or other equity securities of the Company (including shares, or units of shares, of preferred stock which the Board of the Company has determined to have the same value as a Common Share (such shares of preferred stock
“common stock equivalents”)), (4) debt securities of the Company, (5) other assets, or (6) any combination of the foregoing; provided that if the Company shall not have made adequate provision to deliver value
pursuant to clause (B) above within 30 days following the later of (x) the first occurrence of an event triggering the rights to purchase Common Shares described in Section 11(a)(ii) hereof and (y) the date on which the
Company’s right of redemption pursuant to Section 23(a) hereof expires (the later of (x) and (y) being referred to herein as the “Section 11(a)(ii) Trigger Date”), then the
Company shall be obligated to deliver, upon the surrender for exercise of a Right and without requiring payment of the Purchase Price, Common Shares (to the extent available) and then, if necessary, cash, which shares and cash have an aggregate
value equal to the Spread. If the Board shall determine in good faith that it is likely that sufficient additional Common Shares could be authorized for issuance upon exercise in full of the Rights, the 30-day
period set forth above may be extended to the extent necessary, but not more than 90 days after the Section 11(a)(ii) Trigger Date, in order that the Company may seek stockholder approval for the authorization of such additional shares (such
period, as it may be extended, the “Substitution Period”). To the extent that the Company determines that some action need be taken pursuant to the first and/or second sentences of this Section 11(a)(iii), the Company
(x) shall provide, subject to Section 7(f) hereof and the last paragraph of Section 11(a)(ii) hereof, that such action shall apply uniformly to all outstanding Rights, and (y) may suspend the exercisability of the Rights until
the expiration of the Substitution Period in order to seek any authorization of additional shares and/or to decide the appropriate form of distribution to be made pursuant to such first sentence and to determine the value thereof. In the event of
any such suspension, the Company shall make a public announcement, and shall promptly deliver to the Rights Agent a statement, stating that the 

  
 17 

 
exercisability of the Rights has been temporarily suspended. At such time as the suspension is no longer in effect, the Company shall make another public announcement, and promptly deliver to the
Rights Agent a statement, so stating. For purposes of this Section 11(a)(iii), the value of a Common Share shall be the current per share market price (as determined pursuant to Section 11(d)(i) hereof) of a Common Share on the
Section 11(a)(ii) Trigger Date and the value of any “common stock equivalent” shall be deemed to have the same value as the Common Shares on such date. 

(b) In case the Company shall fix a record date for the issuance of rights, options or warrants to all holders of Preferred Shares entitling
them (for a period expiring within 45 calendar days after such record date) to subscribe for or purchase Preferred Shares (or shares having the same rights, privileges and preferences as the Preferred Shares (“equivalent preferred
shares”)) or securities convertible into Preferred Shares or equivalent preferred shares at a price per Preferred Share or equivalent preferred share (or having a conversion price per share, if a security convertible into Preferred Shares
or equivalent preferred shares) less than the then current per share market price of the Preferred Shares (as defined in Section 11(d) hereof) on such record date, the Purchase Price to be in effect after such record date shall be determined by
multiplying (x) the Purchase Price in effect immediately prior to such record date by (y) a fraction, (1) the numerator of which shall be the sum of (A) the number of Preferred Shares outstanding on such record date plus
(B) the number of Preferred Shares that the aggregate offering price of the total number of Preferred Shares and/or equivalent preferred shares so to be offered (and/or the aggregate initial conversion price of the convertible securities so to
be offered) would purchase at such current per share market price and (2) the denominator of which shall be the sum of (A) the number of Preferred Shares outstanding on such record date plus (B) the number of additional Preferred
Shares and/or equivalent preferred shares to be offered for subscription or purchase (or into which the convertible securities so to be offered are initially convertible); provided that in no event shall the consideration to be paid upon the
exercise of one Right be less than the aggregate par value of the class or series of shares of capital stock of the Company issuable upon exercise of one Right. In case such subscription price may be paid in a consideration part or all of which
shall be in a form other than cash, the value of such consideration shall be as determined in good faith by the Board, whose determination shall be described in a statement filed with the Rights Agent and shall be conclusive for all purposes.
Preferred Shares owned by or held for the account of the Company shall not be deemed outstanding for the purpose of any such computation. Such adjustment shall be made successively whenever such a record date is fixed; and in the event that such
rights, options or warrants are not so issued, the Purchase Price shall be adjusted to be the Purchase Price that would then be in effect if such record date had not been fixed. 

(c) In case the Company shall fix a record date for the making of a distribution to all holders of the Preferred Shares (including any such
distribution made in connection with a consolidation or merger in which the Company is the continuing or surviving corporation) of evidences of indebtedness or assets (other than a regular quarterly cash dividend or a dividend payable in Preferred
Shares) or subscription rights or warrants (excluding those referred to in Section 11(b) hereof), the Purchase Price to be in effect after such record date shall be determined by multiplying (x) the Purchase Price in effect immediately
prior to such record date by a (y) fraction, (1) the numerator of which shall be the difference of (A) the then current per share market price of the Preferred Shares on such record date, less (B) the fair market value

  
 18 

 
(as determined in good faith by the Board, whose determination shall be described in a statement filed with the Rights Agent and shall be conclusive for all purposes) of the portion of the assets
or evidences of indebtedness so to be distributed or of such subscription rights or warrants applicable to one Preferred Share and (2) the denominator of which shall be such current per share market price of the Preferred Shares;
provided that in no event shall the consideration to be paid upon the exercise of one Right be less than the aggregate par value of the class or series of shares of capital stock of the Company to be issued upon exercise of one Right. Such
adjustments shall be made successively whenever such a record date is fixed; and in the event that such distribution is not so made, the Purchase Price shall again be adjusted to be the Purchase Price that would then be in effect if such record date
had not been fixed. 
 (d) (i) For the purpose of any computation hereunder, the “current per share market price” of any
security (a “Security” for the purpose of this Section 11(d)(i)) on any date shall be deemed to be the average of the daily closing prices per share of such Security for the 30 consecutive Trading Days immediately prior to such
date; provided that in the event that the current per share market price of the Security is determined during a period following the announcement by the issuer of such Security of (A) a dividend or distribution on such Security payable
in shares of such Security or securities convertible into such shares, or (B) any subdivision, combination or reclassification of such Security and prior to the expiration of 30 Trading Days after the
ex-dividend date for such dividend or distribution, or the record date for such subdivision, combination or reclassification, then, and in each such case, the current per share market price shall be
appropriately adjusted to reflect the current market price per share equivalent of such Security. The closing price for each day shall be the last sale price, regular way, or, in case no such sale takes place on such day, the average of the closing
bid and asked prices, regular way, in either case as reported in the principal consolidated transaction reporting system with respect to securities listed or admitted to trading on the NASDAQ or, if the Security is not listed or admitted to trading
on the NASDAQ, as reported in the principal consolidated transaction reporting system with respect to securities listed on the principal national securities exchange on which the Security is listed or admitted to trading or, if the Security is not
listed or admitted to trading on any national securities exchange, the last quoted price, or, if not so quoted, the average of the high bid and low asked prices in the
over-the-counter market, as reported by the NASDAQ or such other system then in use, or, if on any such date the Security is not quoted by any such organization, the
average of the closing bid and asked prices as furnished by a professional market maker making a market in the Security selected by the Board. 

(ii) For the purpose of any computation hereunder, the “current per share market price” of the Preferred Shares shall be determined
in accordance with the method set forth in Section 11(d)(i). If the Preferred Shares are not publicly traded, the “current per share market price” of the Preferred Shares shall be conclusively deemed to be the current per share market
price of the Common Shares as determined pursuant to Section 11(d)(i) (appropriately adjusted to reflect any stock split, stock combination, stock dividend or similar transaction occurring after the date hereof), multiplied by 1,000. If neither
the Common Shares nor the Preferred Shares are publicly held or so listed or traded, “current per share market price” shall mean the fair value per share as determined in good faith by the Board, whose determination shall be described in a
statement filed with the Rights Agent and shall be conclusive for all purposes. 

  
 19 

 (e) No adjustment in the Purchase Price shall be required unless such adjustment would require
an increase or decrease of at least 1% in the Purchase Price; provided that any adjustments that by reason of this Section 11(e) are not required to be made shall be carried forward and taken into account in any subsequent adjustment.
All calculations under this Section 11 shall be made to the nearest cent or to the nearest one one-millionth of a Preferred Share or one one-thousandth of any other
share or security as the case may be. Notwithstanding the first sentence of this Section 11(e), any adjustment required by this Section 11 shall be made no later than the earlier of (i) three years from the date of the transaction
that, but for such sentence of this Section 11(e), would have required such adjustment and (ii) the Expiration Date. 
 (f) If as
a result of an adjustment made pursuant to Section 11(a) hereof, the holder of any Right thereafter exercised shall become entitled to receive any shares of capital stock of the Company other than Preferred Shares, the number of such other
shares so receivable upon exercise of any Right shall thereafter be subject to adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the Preferred Shares contained in
Section 11(a) through Section 11(c), inclusive, and the provisions of Section 7, Section 9, Section 10 and Section 13 with respect to the Preferred Shares shall apply on like terms to any such other shares. 

(g) All Rights originally issued by the Company subsequent to any adjustment made to the Purchase Price hereunder shall evidence the right to
purchase, at the adjusted Purchase Price, the number of one one-thousandths of a Preferred Share purchasable from time to time hereunder upon exercise of the Rights, all subject to further adjustment as
provided herein. 
 (h) Unless the Company shall have exercised its election as provided in Section 11(a)(i), upon each adjustment of
the Purchase Price as a result of the calculations made in Section 11(b) and Section 11(c), each Right outstanding immediately prior to the making of such adjustment shall thereafter evidence the right to purchase, at the adjusted Purchase
Price, that number of one one-thousandths of a Preferred Share (calculated to the nearest one one-millionth of a Preferred Share) obtained by (i) multiplying
(x) the number of one one-thousandths of a share covered by a Right immediately prior to this adjustment by (y) the Purchase Price in effect immediately prior to such adjustment of the Purchase Price
and (ii) dividing the product so obtained by the Purchase Price in effect immediately after such adjustment of the Purchase Price. 

(i) The Company may elect on or after the date of any adjustment of the Purchase Price to adjust the number of Rights in substitution for any
adjustment in the number of one one-thousandths of a Preferred Share purchasable upon the exercise of a Right. Each of the Rights outstanding after such adjustment of the number of Rights shall be exercisable
for the number of one one-thousandths of a Preferred Share for which a Right was exercisable immediately prior to such adjustment. Each Right held of record prior to such adjustment of the number of Rights
shall become that number of Rights (calculated to the nearest one one-thousandth) obtained by dividing (x) the Purchase Price in effect immediately prior to adjustment of the Purchase Price by
(y) the Purchase Price in effect immediately after adjustment of the Purchase Price. The Company shall make a public announcement (with prompt written notice thereof to the Rights Agent) of its election to adjust the number of Rights,
indicating the 

  
 20 

 
record date for the adjustment, and, if known at the time, the amount of the adjustment to be made. This record date may be the date on which the Purchase Price is adjusted or any day thereafter,
but, if the Right Certificates have been distributed, shall be at least 10 days later than the date of the public announcement. If Right Certificates have been distributed, upon each adjustment of the number of Rights pursuant to this
Section 11(i), the Company shall, as promptly as practicable, cause to be distributed to holders of record of Right Certificates on such record date Right Certificates evidencing, subject to Section 14 hereof, the additional Rights to
which such holders shall be entitled as a result of such adjustment, or, at the option of the Company, shall cause to be distributed to such holders of record in substitution and replacement for the Right Certificates held by such holders prior to
the date of adjustment, and upon surrender thereof, if required by the Company, new Right Certificates evidencing all the Rights to which such holders shall be entitled after such adjustment. Right Certificates to be so distributed shall be issued,
executed and delivered by the Company and countersigned by the Rights Agent in the manner provided for herein and shall be registered in the names of the holders of record of Right Certificates on the record date specified in the public
announcement. 
 (j) Irrespective of any adjustment or change in the Purchase Price or the number of one
one-thousandths of a Preferred Share issuable upon the exercise of the Rights, the Right Certificates theretofore and thereafter issued may continue to express the Purchase Price and the number of one one-thousandths of a Preferred Share that were expressed in the initial Right Certificates issued hereunder. 

(k) Before taking any action that would cause an adjustment reducing the Purchase Price below one
one-thousandth of the then par value of the Preferred Shares issuable upon exercise of the Rights, the Company shall take any corporate action that may, in the opinion of its counsel, be necessary in order
that the Company may validly and legally issue fully paid and non-assessable Preferred Shares at such adjusted Purchase Price. 

(l) In any case in which this Section 11 shall require that an adjustment in the Purchase Price be made effective as of a record date for
a specified event, the Company may elect to defer (with prompt written notice thereof to the Rights Agent) until the occurrence of such event, the issuing to the holder of any Right exercised after such record date, the additional Preferred Shares
and other capital stock or securities of the Company, if any, issuable upon such exercise over and above the Preferred Shares and other capital stock or securities of the Company, if any, issuable upon such exercise on the basis of the Purchase
Price in effect prior to such adjustment; provided that the Company shall deliver to such holder a due bill or other appropriate instrument evidencing such holder’s right to receive such additional shares upon the occurrence of the event
requiring such adjustment. 
 (m) Anything in this Section 11 to the contrary notwithstanding, the Company shall be entitled to make
such reductions in the Purchase Price, in addition to those adjustments expressly required by this Section 11 as and to the extent that it in its sole discretion shall determine to be advisable in order that any (i) combination,
consolidation or subdivision of the Preferred Shares, (ii) issuance wholly for cash of any Preferred Shares at less than the current market price, (iii) issuance wholly for cash of Preferred Shares or securities that by their terms are
convertible into or exchangeable for Preferred Shares, (iv) dividends on Preferred Shares payable in Preferred Shares or (v) issuance of any rights, options or warrants referred to in Section 11(b) hereof, hereafter made by the
Company to holders of its Preferred Shares shall not be taxable to such stockholders. 

  
 21 

 (n) In the event that at any time after the date this Agreement and prior to the Distribution
Date, the Company shall (i) declare or pay any dividend on the Common Shares payable in Common Shares or (ii) effect a subdivision, combination or consolidation of the Common Shares (by reclassification or otherwise other than by payment
of dividends in Common Shares) into a greater or lesser number of Common Shares, then in any such case (x) the number of one one-thousandths of a Preferred Share purchasable after such event upon proper
exercise of each Right shall be determined by multiplying (1) the number of one one-thousandths of a Preferred Share so purchasable immediately prior to such event by (2) a fraction, (A) the
numerator of which is the number of Common Shares outstanding immediately before such event and (B) the denominator of which is the number of Common Shares outstanding immediately after such event, and (y) each Common Share outstanding
immediately after such event shall have issued with respect to it that number of Rights that each Common Share outstanding immediately prior to such event had issued with respect to it. The adjustments provided for in this Section 11(n) shall
be made successively whenever such a dividend is declared or paid or such a subdivision, combination or consolidation is effected. 
 (o)
The Company covenants and agrees that, after the Distribution Date, it will not, except as permitted by Section 23, Section 24 and Section 27, take (or permit any Subsidiary to take) any action if the purpose of such action is to, or
if at the time such action is taken it is reasonably foreseeable that such action will, diminish substantially or eliminate the benefits intended to be afforded by the Rights. 

Section 12. Certificate of Adjusted Purchase Price or Number of Shares. Whenever an adjustment is made or any event occurs
affecting the Rights or their exercisability (including an event that causes Rights to become null and void) as provided in Section 11 or Section 13 hereof, the Company shall promptly (a) prepare a certificate setting forth such
adjustment, or describing such event and a brief, reasonably detailed statement of the facts and computations accounting for such adjustment or describing such event, (b) file with the Rights Agent and with each transfer agent for the Common
Shares or the Preferred Shares a copy of such certificate and (c) mail a brief summary thereof to each holder of a Right Certificate in accordance with Section 25 hereof. The Rights Agent shall be fully protected and incur no liability in
relying on any such certificate and on any adjustment contained therein and shall not be deemed to have knowledge of any such adjustment or event unless and until it shall have received such a certificate. 

Section 13. Consolidation, Merger or Sale or Transfer of Assets or Earning Power. In the event that, from and after the Shares
Acquisition Date, directly or indirectly, (a) the Company shall consolidate with, or merge with and into any other Person (other than a Subsidiary of the Company), (b) any Person (other than a Subsidiary of the Company) shall consolidate
with the Company, or merge with and into the Company and the Company shall be the continuing or surviving corporation of such merger and, in connection with such merger, all or part of the Common Shares shall be changed into or exchanged for stock
or other securities of any other Person (or the Company) or cash or any other property, or (c) the Company shall sell or otherwise transfer (or one or more of its Subsidiaries shall sell or otherwise transfer), in one or more transactions,
assets or earning power aggregating 50% or more of the assets or earning 

  
 22 

 
power of the Company and its Subsidiaries (taken as a whole) to any Person other than the Company or one of its wholly owned Subsidiaries, then, and in each such case, proper provision shall be
made so that (i) each holder of a Right (except as otherwise provided herein) shall thereafter have the right to receive, upon the exercise thereof at a price equal to the then current Purchase Price multiplied by the number of one one-thousandths of a Preferred Share for which a Right is then exercisable, in accordance with the terms of this Agreement and in lieu of Preferred Shares, such number of validly authorized and issued, fully paid, non-assessable and freely tradable shares of common stock of the Principal Issuer as shall equal the result obtained by (A) multiplying the then current Purchase Price by the number of one one-thousandths of a Preferred Share for which a Right is then exercisable and dividing that product by (B) 50% of the then current per share market price of the common stock of the Principal Issuer (determined
pursuant to Section 11(d) hereof) on the date of consummation of such consolidation, merger, sale or transfer; (ii) the Principal Issuer shall thereafter be liable for, and shall assume, by virtue of such consolidation, merger, sale or
transfer, all the obligations and duties of the Company pursuant to this Agreement; (iii) the term “Company” shall thereafter be deemed to refer to the Principal Issuer; and (iv) the Principal Issuer shall take such steps
(including the reservation of a sufficient number of its common stock in accordance with Section 9 hereof) in connection with such consummation as may be necessary to assure that the provisions hereof shall thereafter be applicable, as nearly
as reasonably may be, in relation to the common stock thereafter deliverable upon the exercise of the Rights. The Company covenants and agrees that it shall not consummate any such consolidation, merger, sale or transfer unless prior thereto the
Company and the Principal Issuer shall have executed and delivered to the Rights Agent a supplemental agreement providing for the treatment described in this Section 13 and such other actions that the Board determines in good faith are
necessary to give effect to the intent of this Agreement. The Company shall not enter into any transaction of the kind referred to in this Section 13 if at the time of such transaction there are any rights, warrants, instruments or securities
outstanding or any agreements or arrangements that, as a result of the consummation of such transaction, would eliminate or substantially diminish the benefits intended to be afforded by the Rights. The provisions of this Section 13 shall
similarly apply to successive mergers or consolidations or sales or other transfers. For purposes hereof, the “earning power” of the Company and its Subsidiaries shall be determined in good faith by the Board on the basis of the operating
earnings of each business operated by the Company and its Subsidiaries during the three fiscal years preceding the date of such determination (or, in the case of any business not operated by the Company or any Subsidiary during three full fiscal
years preceding such date, during the period such business was operated by the Company or any Subsidiary). In the event a transaction described in this Section 13 shall occur at any time after the occurrence of an event described in
Section 11(a)(ii) hereof, the Rights which have theretofore not been exercised shall thereafter become exercisable in the manner described in this Section 13. 

Section 14. Fractional Rights and Fractional Shares. 

(a) The Company shall not be required to issue fractions of Rights or to distribute Right Certificates that evidence fractional Rights. In
lieu of such fractional Rights, there shall be paid to the registered holders of the Right Certificates with regard to which such fractional Rights would otherwise be issuable, an amount in cash equal to the same fraction of the current market value
of a whole Right. For the purposes of this Section 14(a), the current market value of a whole Right shall be the closing price of the Rights for the Trading Day 

  
 23 

 
immediately prior to the date on which such fractional Rights would have been otherwise issuable. The closing price for any day shall be the last sale price, regular way, or, in case no such sale
takes place on such day, the average of the closing bid and asked prices, regular way, in either case as reported in the principal consolidated transaction reporting system with respect to securities listed or admitted to trading on NASDAQ or, if
the Rights are not listed or admitted to trading on NASDAQ, as reported in the principal consolidated transaction reporting system with respect to securities listed on the principal national securities exchange on which the Rights are listed or
admitted to trading or, if the Rights are not listed or admitted to trading on any national securities exchange, the last quoted price or, if not so quoted, the average of the high bid and low asked prices in the over-the-counter market, as reported by NASDAQ or such other system then in use or, if on any such date the Rights are not quoted by any such organization, the average of the closing bid and asked prices as
furnished by a professional market maker making a market in the Rights selected by the Board. If on any such date no such market maker is making a market in the Rights, the fair value of the Rights on such date as determined in good faith by the
Board shall be used. 
 (b) The Company shall not be required to issue fractions of Preferred Shares (other than fractions that are integral
multiples of one one-thousandth of a Preferred Share or such other fraction determined pursuant to Section 11(n) hereof) upon exercise of the Rights or to distribute certificates (or make book entry
notations) that evidence fractional Preferred Shares (other than fractions that are integral multiples of one one-thousandth of a Preferred Share or such other fraction determined pursuant to
Section 11(n) hereof). Fractions of Preferred Shares in integral multiples of one one-thousandth of a Preferred Share may, at the election of the Company, be evidenced by depositary receipts, pursuant to
an appropriate agreement between the Company and a depositary selected by it; provided that such agreement shall provide that the holders of such depositary receipts shall have all the rights, privileges and preferences to which they are
entitled as beneficial owners of the Preferred Shares represented by such depositary receipts. In lieu of fractional Preferred Shares that are not integral multiples of one one-thousandth of a Preferred Share,
the Company shall pay to each registered holder of Right Certificates at the time such Rights are exercised as herein provided an amount in cash equal to the same fraction of the current market value of one Preferred Share as the fraction of one
Preferred Share that such holder would otherwise receive upon the exercise of the aggregate number of rights exercised by such holder. For the purposes of this Section 14(b), the current market value of a Preferred Share shall be the closing
price of a Preferred Share (as determined pursuant to the second sentence of Section 11(d)(i) hereof) for the Trading Day immediately prior to the date of such exercise. 

(c) The holder of a Right by the acceptance of the Right expressly waives any right to receive fractional Rights or fractional shares upon
exercise of a Right (except as provided above). 
 (d) Whenever a payment for fractional Rights or fractional shares or other securities is
to be made by the Rights Agent under any Section of this Agreement, the Company shall (i) promptly prepare and deliver to the Rights Agent a certificate setting forth in reasonable detail the facts related to such payments and the prices and/or
formulas utilized in calculating such payments, and (ii) provide sufficient monies to the Rights Agent in the form of fully collected funds to make such payments. The Rights Agent shall be fully protected in

  
 24 

 
relying upon such a certificate and shall have no duty with respect to, and shall not be deemed to have knowledge of any payment for fractional Rights or fractional shares or other securities
under any Section of this Agreement relating to the payment of fractional Rights or fractional shares or other securities unless and until the Rights Agent shall have received such a certificate and sufficient monies. 

Section 15. Rights of Action. All rights of action in respect of this Agreement, excepting the rights of action given to the
Rights Agent under any section this Agreement, are vested in the respective registered holders of the Right Certificates (and, prior to the Distribution Date, the registered holders of the Common Shares); and any registered holder of any Right
Certificate (or, prior to the Distribution Date, of the Common Shares) may, without the consent of the Rights Agent or of the holder of any other Right Certificate (or, prior to the Distribution Date, of the Common Shares), in such holder’s own
behalf and for such holder’s own benefit, enforce, and may institute and maintain any suit, action or proceeding against the Company to enforce, or otherwise act in respect of, such holder’s right to exercise the Rights evidenced by the
Right Certificate in the manner provided in this Agreement and in any issued and outstanding Right Certificate representing such Right. Without limiting the foregoing or any remedies available to the holders of Rights, it is specifically
acknowledged that the holders of Rights would not have an adequate remedy at law for any breach of this Agreement and will be entitled to specific performance of the obligations under, and injunctive relief against actual or threatened violations of
the obligations of any Person subject to, this Agreement. 
 Section 16. Agreement of Right Holders. Every holder of a Right, by
accepting the same, consents and agrees with the Company and the Rights Agent and with every other holder of a Right that: 
 (a) prior to
the Distribution Date, the Rights will be transferable only in connection with the transfer of the Common Shares; 
 (b) after the
Distribution Date, the Right Certificates are transferable only on the registry books maintained by the Rights Agent if surrendered at the office or offices of the Rights Agent designated for such purpose, duly endorsed or accompanied by a proper
instrument of transfer with the appropriate form of assignment and certificates, properly completed and duly executed, accompanied by a signature guarantee and such other documentation as the Rights Agent may reasonably request; 

(c) the Company and the Rights Agent shall deem and treat the Person in whose name a Right Certificate (or, prior to the Distribution Date,
the associated Common Share certificate or, in the case of Book Entry Shares, the book entry account evidencing record ownership of such shares) is registered as the absolute owner thereof and of the Rights evidenced thereby (notwithstanding any
notations of ownership or writing on the Right Certificates or the associated Common Shares certificate made by anyone other than the Company or the Rights Agent) for all purposes whatsoever, and neither the Company nor the Rights Agent shall be
affected by any notice to the contrary; and 

  
 25 

 (d) notwithstanding anything in this Agreement to the contrary, neither the Company nor the
Rights Agent shall have any liability to any holder of a Right or other Person as a result of its failure to perform any of its obligations under this Agreement by reason of any preliminary or permanent injunction or other order, decree, judgment or
ruling (whether interlocutory final) issued by a court of competent jurisdiction or by a governmental, regulatory or administrative agency or commission, or any statute, rule, regulation or executive order promulgated or enacted by any governmental
authority prohibiting or otherwise restraining performance of such obligation. 
 Section 17. Right Certificate Holder Not Deemed a
Stockholder. No holder, as such, of any Right shall be entitled to vote, receive dividends or be deemed for any purpose the holder of the Preferred Shares or any other securities of the Company that may at any time be issuable on the exercise of
such Rights nor shall anything contained herein or in any Right Certificate be construed to confer upon the holder of any Rights, as such, any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon
any matter submitted to stockholders at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of meetings or other actions affecting stockholders (except as provided in Section 25 hereof), or to
receive dividends or subscription rights, or otherwise, until such Right shall have been properly exercised in accordance with the provisions hereof. 

Section 18. Compensation and Indemnity of the Rights Agent. The Company agrees to pay to the Rights Agent reasonable compensation
for all services rendered by it hereunder and, from time to time, on demand of the Rights Agent, its reasonable expenses and counsel fees and expenses and other disbursements incurred in the preparation, negotiation, delivery, amendment,
administration and execution of this Agreement and the exercise and performance of its duties hereunder. The Company also agrees to indemnify the Rights Agent (including employees, directors, officers and agents of the Rights Agent) for, and to hold
it harmless against, any loss, liability, damage, judgment, fine, penalty, claim, demand, settlement, cost or expense (including the reasonable fees and expenses of legal counsel) that may be paid, incurred or suffered by it, or which it may become
subject, without gross negligence, bad faith or willful misconduct (which gross negligence, bad faith or willful misconduct must be determined by a final, non-appealable order, judgment, decree or ruling of a
court of competent jurisdiction) for any action taken, suffered or omitted to be taken by the Rights Agent (including employees, directors, officers and agents of the Rights Agent), for anything done or omitted by the Rights Agent (including
employees, directors, officers and agents of the Rights Agent) in connection with the acceptance, administration exercise and performance of its duties under this Agreement, including the costs and expenses of defending against any claim in
connection herewith. The costs and expenses incurred in enforcing this right of indemnification shall also be paid by the Company. The provisions of this Section 18 and Section 20 below shall survive the exercise or expiration of the
Rights, the termination of this Agreement and the resignation, replacement or removal of the Rights Agent. 
 Section 19. Merger or
Consolidation or Change of Name of Rights Agent. Any Person into which the Rights Agent or any successor Rights Agent may be merged or with which it may be consolidated, or any Person resulting from any merger or consolidation to which the
Rights Agent or any successor Rights Agent shall be a party, or any Person succeeding to the stock transfer or other shareholder services of the Rights Agent or any successor Rights Agent, shall be the successor to the Rights Agent under this
Agreement without the execution or filing of any paper or document or any further act on the part of any of the parties hereto, provided that 

  
 26 

 
such Person would be eligible for appointment as a successor Rights Agent under the provisions of Section 21 hereof. The purchase of all or substantially all of the Rights Agent’s
assets employed in the performance of transfer agent activities, or a share exchange, shall be deemed a merger or consolidation for purposes of this Section 19. In case at the time such successor Rights Agent shall succeed to the agency created
by this Agreement, any of the Right Certificates shall have been countersigned but not delivered, any such successor Rights Agent may adopt the countersignature of the predecessor Rights Agent and deliver such Right Certificates so countersigned;
and in case at that time any of the Right Certificates shall not have been countersigned, any successor Rights Agent may countersign such Right Certificates either in the name of the predecessor Rights Agent or in the name of the successor Rights
Agent; and in all such cases such Right Certificates shall have the full force provided in the Right Certificates and in this Agreement. 

In case at any time the name of the Rights Agent shall be changed and at such time any of the Right Certificates shall have been countersigned
but not delivered, the Rights Agent may adopt the countersignature under its prior name and deliver Right Certificates so countersigned; and in case at that time any of the Right Certificates shall not have been countersigned, the Rights Agent may
countersign such Right Certificates either in its prior name or in its changed name; and in all such cases such Right Certificates shall have the full force provided in the Right Certificates and in this Agreement. 

Section 20. Rights and Duties of Rights Agent. The Rights Agent undertakes to perform only the duties and obligations expressly
set forth in this Agreement and no implied duties or obligations shall be read into this Agreement against the Rights Agent. The Rights Agent shall perform those duties and obligations upon the following terms and conditions, by all of which the
Company and the holders of Right Certificates, or, prior to the Distribution Date, Common Shares, by their acceptance thereof, shall be bound: 

(a) The Rights Agent may consult with legal counsel selected by it (who may be legal counsel for the Company or an employee or legal counsel
of the Rights Agent), and the advice or opinion of such counsel shall be full and complete authorization and protection to the Rights Agent and the Rights Agent shall incur no liability for or in respect of to any action taken, suffered, or omitted
by it in accordance with such advice or opinion. 
 (b) Whenever in the performance of its duties under this Agreement the Rights Agent
shall deem it necessary or desirable that any fact or matter (including the identity of an Acquiring Person or Affiliate or Associate thereof, and the determination of the current per share market price of any security) be proved or established by
the Company prior to taking, suffering, or omitting to take any action hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established by a
certificate signed a person believed by the Rights Agent to be any one of the Chief Executive Officer (including a Person acting in such capacity on an interim basis), the Chief Financial Officer, any Senior Vice President or Vice President or the
General Counsel and Secretary of the Company and delivered to the Rights Agent; and such certificate shall be full and complete authorization and protection to the Rights Agent and the Rights Agent shall incur no liability for or in respect of any
action taken, suffered or omitted to be taken by it under the provisions of this Agreement in reliance upon such a certificate. The Rights Agent shall have no duty to act without such a certificate as set forth in this Section 20(b). 

  
 27 

 (c) The Rights Agent shall be protected and shall incur no liability for any action taken,
suffered or omitted by it in good faith unless a court of competent jurisdiction determines that the Rights Agent’s gross negligence or willful misconduct was the primary cause of any loss to the Company or any holder of a Right Certificate
(or, prior to the Distribution Date, any holder of a Right as holder of a Common Share). The Rights Agent makes no representation or warranty with respect to and is not responsible for the validity, value or availability of the Rights, the Right
Certificates or the Preferred Shares. 
 (d) The Rights Agent may conclusively rely upon and shall be fully authorized and protected and
shall incur no liability for, or in respect of any action taken, suffered or omitted to be taken by it in connection with its acceptance and administration of this Agreement, and the exercise and performance of its duties hereunder, in reliance upon
any Right Certificate or certificate for the Preferred Shares or Common Shares of the Company or for other securities of the Company (including in the case of uncertificated securities, by notation in book entry accounts reflecting ownership),
instrument of assignment or transfer, power of attorney, endorsement, affidavit, letter, notice, instruction, direction, consent, certificate, statement, or other paper or document believed by it to be genuine and to be signed, executed and, where
necessary, verified or acknowledged, by the proper Person or Persons, or otherwise upon the advice of counsel as set forth in this Section 20. 

(e) The Rights Agent shall not be assumed to have knowledge of and shall not be required to take note of or act upon any fact or circumstance
including the occurrence of facts or circumstances leading to the Shares Acquisition Date or the Distribution Date, facts or circumstances relating to whether any Person may be an Affiliate or an Associate of any other Person, facts or circumstances
relevant to an adjustment to the Purchase Price, facts or circumstances relevant to events described in Section 13, Section 23 and Section 24, which may be relevant to performance by the Rights Agent under this Agreement unless the
Company has provided written notice thereof to the Rights Agent; and the Company agrees that it will (i) promptly notify the Rights Agent in writing of the occurrence of the Shares Acquisition Date (including the identity of the Acquiring
Person and the date on which the Shares Acquisition Date occurred), the Distribution Date, the Redemption Date, and of any events described in Section 13, and (ii) promptly provide the Rights Agent with such other information as the Rights
Agent may reasonably request in connection with the performance of its duties under this Agreement. 
 (f) Notwithstanding anything in this
Agreement to the contrary, any liability of the Rights Agent under this Agreement will be limited to the amount of annual fees paid by the Company to the Rights Agent during the twelve (12) months immediately preceding the event for which
recovery from the Rights Agent is being sought. Anything to the contrary notwithstanding, in no event will the Rights Agent be liable for special, punitive, indirect, incidental or consequential damage or loss of any kind whatsoever (including but
not limited to lost profits), even if the Rights Agent has been advised of the likelihood of such loss or damage and regardless of the form of action. 

  
 28 

 (g) The Rights Agent shall not be liable for or by reason of any of the statements of fact or
recitals contained in this Agreement or in the Right Certificates (except its countersignature thereof) or be required to verify the same, but all such statements and recitals are and shall be deemed to have been made by the Company only. 

(h) The Rights Agent shall not have any liability for or be under any responsibility in respect of the validity of this Agreement or the
execution and delivery hereof (except the due execution hereof by the Rights Agent) or in respect of the legality or validity or execution of any Right Certificate (except its countersignature thereof); nor shall it be responsible for any breach by
the Company of any covenant or failure by the Company to satisfy any condition contained in this Agreement or in any Right Certificate; nor shall it be liable or responsible for any modification by or order of any court, tribunal, or governmental
authority in connection with the foregoing, or any change in the exercisability of the Rights (including the Rights becoming null and void under this Agreement) or any adjustment or change in the terms of the Rights (including the manner, method or
amount thereof) provided for in this Agreement, or the ascertaining of the existence of facts that would require any such change or adjustment (except with respect to the exercise of Rights evidenced by Right Certificates after receipt of a
certificate pursuant to Section 12 describing such change or adjustment upon which the Rights Agent may rely); nor shall it be responsible for any determination by the Board of the current market value of the Rights or Preferred Shares or
Common Shares pursuant to this Agreement; nor shall it by any act hereunder be deemed to make any representation or warranty as to the authorization or reservation of any Preferred Shares or other securities to be issued pursuant to this Agreement
or any Right Certificate or as to whether any Preferred Shares or other securities will, when so issued, be validly authorized and issued, fully paid and nonassessable. 

(i) The Company agrees that it will perform, execute, acknowledge and deliver or cause to be performed, executed, acknowledged and delivered
all such further and other acts, instruments and assurances as may reasonably be required or requested by the Rights Agent for the carrying out or performing by the Rights Agent of the provisions of this Agreement. 

(j) The Rights Agent is hereby authorized and directed to accept written instructions with respect to the performance of its duties hereunder
and certificates delivered pursuant to any provision hereof from any person believed by the Rights Agent to be one of Chief Executive Officer (including a Person acting in such capacity on an interim basis), the Chief Financial Officer, any Senior
Vice President or Vice President or the General Counsel and Secretary of the Company, and to apply to such officers for advice or instructions in connection with its duties, and such instructions shall be full authorization and protection to the
Rights Agent and it shall not be liable for any action taken, suffered, or omitted to be taken by it in accordance with written advice or instructions of any such officer or any delay in acting while waiting for such advice or instruction. The
Rights Agent shall be fully authorized and protected in relying upon the most recent advice or instructions received by any such officer. Any application by the Rights Agent for written instructions from the Company may, at the option of the Rights
Agent, set forth in writing any action proposed to be taken, suffered or omitted to be taken by the Rights Agent with respect to its duties and obligations under this Agreement and the date on or after which such action shall be taken, suffered or
such omission shall be effective. The Rights Agent shall not be liable for any action taken, suffered or omitted to be taken by it in 

  
 29 

 
accordance with a proposal included in any such application on or after the date specified therein (which date shall not be less than five Business Days after the date indicated in such
application, unless any such officer shall have consented in writing to an earlier date) unless, prior to taking, suffering or omitting to take any such action, the Rights Agent has received written instructions from the Company in response to such
application specifying the action to be taken, suffered or omitted. Notwithstanding anything in this Agreement to the contrary, the Rights Agent shall not be required to take any action or to follow any instruction of the Company that the Rights
Agent believes, in its sole discretion, would cause the Rights Agent to take action that is illegal. 
 (k) The Rights Agent and any
stockholder, Affiliate, member, director, agent, representative, officer or employee of the Rights Agent may buy, sell or deal in any of the Rights or other securities of the Company or become pecuniarily interested in any transaction in which the
Company may be interested, or contract with or lend money to the Company or otherwise act as fully and freely as though it were not Rights Agent under this Agreement. Nothing herein shall preclude the Rights Agent or any stockholder, Affiliate,
member director, agent, representative, officer or employee from acting in any other capacity for the Company or for any other Person. 

(l) The Rights Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either itself
(through its directors, officers and employees) or by or through its attorneys or agents, and the Rights Agent shall not be answerable or accountable for any act, omission, default, neglect or misconduct of any such attorneys or agents or for any
loss to the Company or any other Person resulting from any such act, omission, default, neglect or misconduct, absent gross negligence, bad faith or willful misconduct (as each is determined by a final, nonappealable judgment of a court of competent
jurisdiction) in the selection and continued employment thereof. 
 (m) No provision of this Agreement shall require the Rights Agent to
expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise any of its rights or powers if it believes that repayment of such funds or adequate indemnification against
such risk or liability is not reasonably assured to it. 
 (n) The Rights Agent shall have no responsibility to the Company, any holders of
Rights or any holders of shares of Common Stock for interest or earnings on any moneys held by the Rights Agent pursuant to this Agreement. 

(o) The Rights Agent shall not be required to take notice or be deemed to have notice of any event or condition hereunder, including any event
or condition that may require action by the Rights Agent, unless the Rights Agent shall be specifically notified in writing of such event or condition by the Company, and all notices or other instruments required by this Agreement to be delivered to
the Rights Agent must, in order to be effective, be received by the Rights Agent as specified in Section 26 hereof, and in the absence of such notice so delivered, the Rights Agent may conclusively assume no such event or condition exists. The
Rights Agent shall be fully protected and shall incur no liability for failing to take any action in connection with any event unless and until it has received notice thereof in writing. 

  
 30 

 Section 21. Change of Rights Agent. The Rights Agent or any successor Rights Agent
may resign and be discharged from its duties under this Agreement upon 30 days’ notice in writing mailed to the Company and, in the event that the Rights Agent or one of its Affiliates is not also the transfer agent for the Company, to each
transfer agent of the Common Shares or Preferred Shares known to the Rights Agent. In the event the transfer agency relationship in effect between the Company and the Rights Agent terminates, the Rights Agent will be deemed to have resigned
automatically and be discharged from its duties under this Agreement as of the effective date of such termination, and the Company shall be responsible for sending any required notice. The Company may remove the Rights Agent or any successor Rights
Agent upon 30 days’ notice in writing, mailed to the Rights Agent or successor Rights Agent, as the case may be, and to each transfer agent of the Common Shares or Preferred Shares by registered or certified mail, and to the holders of the
Right Certificates by first-class mail. If the Rights Agent shall resign or be removed or shall otherwise become incapable of acting, the Company shall appoint a successor to the Rights Agent. If the Company
shall fail to make such appointment within a period of 30 days after giving notice of such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Rights Agent or by the holder of a Right
(who shall, with such notice, submit such holder’s Right Certificate or, before the Distribution Date, certificate representing Common Shares (or Book Entry Shares), for inspection by the Company), then the incumbent Rights Agent or registered
holder of any Right may apply to any court of the United States or of any state thereof having competent jurisdiction over such matter for the appointment of a new Rights Agent. Any successor Rights Agent, whether appointed by the Company or by such
a court, shall be (i) a Person (other than a natural Person) organized and doing business under the laws of the United States or any state of the United States, in good standing, which is authorized under such laws to exercise stock transfer
powers and is subject to supervision or examination by federal or state authority and which has, along with its Affiliates, at the time of its appointment as Rights Agent a combined capital and surplus of at least $50 million or (ii) an
Affiliate of a Person described in clause (i) of this sentence. After appointment, the successor Rights Agent shall be vested with the same powers, rights, duties and responsibilities as if it had been originally named as Rights Agent without
further act or deed; but the predecessor Rights Agent shall deliver and transfer to the successor Rights Agent any property at the time held by it hereunder, and execute and deliver any further assurance, conveyance, act or deed necessary for the
purpose, but such predecessor Rights Agent shall not be required to make any additional expenditure or assume any additional liability in connection with the foregoing; and, except as the context herein otherwise requires, such successor Rights
Agent shall be deemed to be the “Rights Agent” for all purposes of this Agreement. Not later than the effective date of any such appointment the Company shall file notice thereof in writing with the predecessor Rights Agent and each
transfer agent of the Common Shares or Preferred Shares, and mail a notice thereof in writing to the registered holders of the Rights. Failure to give any notice provided for in this Section 21, however, or any defect therein, shall not affect
the legality or validity of the resignation or removal of the Rights Agent or the appointment of the successor Rights Agent, as the case may be. 

  
 31 

 Section 22. Issuance of New Right Certificates. Notwithstanding any of the provisions
of this Agreement or of the Rights to the contrary, the Company may, at its option, issue new Right Certificates evidencing Rights in such form as may be approved by the Board to reflect any adjustment or change in the Purchase Price and the number
or kind or class of shares or other securities or property purchasable under the Rights made in accordance with the provisions of this Agreement. In addition, in connection with the issuance or sale of Common Shares following the Distribution Date
and prior to the earlier of the Redemption Date and the Final Expiration Date, the Company may with respect to Common Shares so issued or sold (i) pursuant to the exercise of stock options, (ii) under any employee plan or arrangement,
(iii) upon the exercise, conversion or exchange of other securities, rates or debentures issued by the Company or (iv) a contractual obligation of the Company, in the case of each of clauses (i), (ii), (iii) and (iv), existing prior
to the Distribution Date, issue Right Certificates representing the appropriate number of Rights in connection with such issuance or sale; provided that (x) no such Right Certificate shall be issued if, and to the extent that, the
Company shall be advised by counsel that such issuance would create a significant risk of material adverse tax consequences to the Company or the Person to whom such Right Certificate would be issued, (y) no such Right Certificate shall be
issued if, and to the extent that, appropriate adjustment shall otherwise have been made in lieu of the issuance thereof and (z) no such Right Certificate shall be issued to an Acquiring Person or an Affiliate or Associate of an Acquiring
Person. 
 Section 23. Redemption. 

(a) The Board may at its option, at any time from and after the Record Date and prior to such time as any Person becomes an Acquiring Person
(the “Redemption Period”), redeem all but not less than all the then outstanding Rights at the Redemption Price. After the Redemption Period has expired, the Board may not extend the period for redemption of the Rights or otherwise
provide for their redemption. The redemption of the Rights by the Board may be made effective at such time during the Redemption Period, on such basis and subject to such conditions as the Board in its sole discretion may establish. 

(b) Immediately upon the action of the Board ordering the redemption of the Rights pursuant to Section 23(a), and without any further
action and without any notice, the right to exercise all then outstanding Rights will terminate and the only right thereafter of the holders of Rights shall be to receive the Redemption Price. The Company shall promptly give public notice of any
such redemption (with prompt written notice thereof to the Rights Agent); provided, however, that the failure to give, or any defect in, any such notice shall not affect the validity of such redemption. Within 10 days after such action
of the Board ordering the redemption of the Rights pursuant to Section 23(a), the Company shall mail a notice of redemption to all the holders of the then outstanding Rights at their last addresses as they appear upon the registry books of the
Rights Agent or, prior to the Distribution Date, on the registry books of the transfer agent for the Common Shares. Any notice that is mailed in the manner herein provided shall be deemed given, whether or not the holder receives the notice. If the
payment of the Redemption Price is not included with such notice, each such notice shall state the method by which the payment of the Redemption Price will be made. Neither the Company nor any of its Affiliates or Associates may redeem, acquire or
purchase for value any Rights at any time in any manner other than (i) as specifically set forth in this Section 23 or in Section 24 hereof or (ii) in connection with the purchase of Common Shares prior to the Distribution Date.

  
 32 

 Section 24. Exchange. 

(a) The Board may, at its option, at any time after any Person becomes an Acquiring Person, authorize and direct the exchange of all or part
of the then outstanding and exercisable Rights (which shall not include Rights that have become null and void pursuant to the provisions of Section 11(a)(ii) hereof) for Common Shares at an exchange ratio (the “Exchange Ratio”)
of one Common Share per Right, appropriately adjusted to reflect any stock split, stock combination, stock dividend or similar transaction occurring after the date hereof. The exchange of the Rights by the Board may be made effective at such time,
on such basis and with such conditions as the Board in its sole discretion may establish. Notwithstanding the foregoing, the Board shall not be empowered to effect such exchange at any time after (i) any Acquiring Person, together with all
Affiliates and Associates of such Acquiring Person, becomes the Beneficial Owner of a majority of the Common Shares then outstanding or (ii) the occurrence of a transaction described in Section 13 hereof. 

(b) Immediately upon the effectiveness of the action of the Board ordering the exchange of any Rights pursuant to Section 24(a) hereof
and without any further action and without any notice, the right to exercise such Rights shall terminate and the only right thereafter of a holder of such Rights shall be to receive that number of Common Shares equal to the number of such Rights
held by such holder multiplied by the Exchange Ratio. The Company shall promptly give public notice of any such exchange (with prompt written notice thereof to the Rights Agent); provided that the failure to give, or any defect in, such
notice shall not affect the validity of such exchange. The Company promptly shall deliver a notice of any such exchange to all of the holders of such Rights at their last addresses as they appear upon the registry books of the Rights Agent. Any
notice that is delivered in the manner herein provided shall be deemed given, whether or not the holder receives the notice. Each such notice of exchange will state the method by that the exchange of the Common Shares for Rights will be effected
and, in the event of any partial exchange, the number of Rights which will be exchanged. Any partial exchange shall be effected pro rata based on the number of Rights (other than Rights that have become null and void pursuant to the provisions of
Section 11(a)(ii) hereof) held by each holder of Rights. Following the effectiveness of the action of the Board ordering the exchange of any Rights pursuant to Section 24(a) hereof, the Company may implement such procedures as it deems
appropriate, in its sole discretion, for the purpose of ensuring that the Common Shares issuable upon an exchange pursuant to this Section 24 is not received by holders of Rights that have become null and void pursuant to the provisions of
Section 11(a)(ii) hereof. Before effecting an exchange pursuant to this Section 24, the Board may direct the Company to enter into a Trust Agreement in such form and with such terms as the Board shall then approve (the “Trust
Agreement”). If the Board so directs, the Company shall enter into the Trust Agreement and shall issue to the trust created by such agreement (the “Trust”) all or a portion (as designated by the Board) of the Common Shares
issuable pursuant to the exchange, and all holders of Rights entitled to receive such shares or securities pursuant to the exchange shall be entitled to receive such shares or securities (and any dividends paid or distributions made thereon after
the date on which such shares are deposited in the Trust) only from the Trust and solely upon compliance with the relevant terms and provisions of the Trust Agreement. Prior to effecting an exchange and registering Common Shares in any Person’s
name, including any nominee or transferee of a Person, the Company may require (or cause the trustee of the Trust to require), as a condition thereof, that any holder of Rights provide evidence, including the identity of the Beneficial

  
 33 

 
Owners thereof and their Affiliates and Associates (or former Beneficial Owners thereof and their Affiliates and Associates) as the Company shall reasonably request in order to determine if such
Rights are null and void. If any Person shall fail to comply with such request, the Company shall be entitled conclusively to deem the Rights formerly held by such Person to be null and void pursuant to Section 11(a)(ii) hereof and not
transferable or exercisable or exchangeable in connection herewith. 
 (c) In any exchange pursuant to this Section 24, the Company, at
its option, may substitute Preferred Shares (or common stock equivalents) for Common Shares exchangeable for Rights, at the initial rate of one one-thousandth (1/1000) of a Preferred Share (or common stock
equivalent) for each Common Share, as appropriately adjusted to reflect adjustments in the voting rights of the Preferred Shares pursuant to the terms thereof, so that the fraction of a Preferred Share delivered in lieu of each Common Share shall
have the same voting rights as one Common Share. 
 (d) In the event that there shall not be sufficient Common Shares, Preferred Shares or
common stock equivalents authorized by the Company’s certificate of incorporation and not outstanding or subscribed for, or reserved or otherwise committed for issuance for purposes other than upon exercise of Rights, to permit any exchange of
Rights as contemplated in accordance with this Section 24, the Company shall take all such action as may be necessary to authorize additional Common Shares, Preferred Shares or common stock equivalents for issuance upon exchange of the Rights.

 (e) The Company shall not be required to issue fractions of Common Shares or to distribute certificates (or make book entry notations)
that evidence fractional Common Shares. In lieu of such fractional Common Shares, the Company shall pay to the registered holders of the Right Certificates with regard to which such fractional Common Shares would otherwise be issuable an amount in
cash equal to the same fraction of the current per share market value of a whole Common Share. For the purposes of this Section 24(e), the current per share market value of a whole Common Share shall be the closing price of a Common Share (as
determined pursuant to the second sentence of Section 11(d)(i) hereof) for the Trading Day immediately prior to the date of exchange pursuant to this Section 24. 

Section 25. Notice of Certain Events. 

(a) In case the Company shall, at any time after the Distribution Date, propose (i) to pay any dividend payable in stock of any class to
the holders of its Preferred Shares or to make any other distribution to the holders of its Preferred Shares (other than a regular quarterly cash dividend), (ii) to offer to the holders of its Preferred Shares rights or warrants to subscribe
for or to purchase any additional Preferred Shares or shares of stock of any class or any other securities, rights or options, (iii) to effect any reclassification of its Preferred Shares (other than a reclassification involving only the
subdivision of outstanding Preferred Shares), (iv) to effect any consolidation or merger into or with, or to effect any sale or other transfer (or to permit one or more of its Subsidiaries to effect any sale or other transfer), in one or more
transactions, of 50% or more of the assets or earning power of the Company and its Subsidiaries (taken as a whole) to, any other Person, (v) to effect the liquidation, dissolution or winding up of the Company, or (vi) to declare or pay any
dividend on the Common Shares 

  
 34 

 
payable in Common Shares or to effect a subdivision, combination or consolidation of the Common Shares (by reclassification or otherwise than by payment of dividends in Common Shares), then, in
each such case, the Company shall give to the Rights Agent and each holder of a Right Certificate, in accordance with Section 26 hereof, a reasonably detailed notice of such proposed action, which shall specify the record date for the purposes
of such stock dividend, or distribution of rights or warrants, or the date on which such reclassification, consolidation, merger, sale, transfer, liquidation, dissolution, or winding up is to take place and the date of participation therein by the
holders of the Common Shares and/or Preferred Shares, if any such date is to be fixed, and such notice shall be so given in the case of any action covered by clause (i) or (ii) above at least 10 days prior to the record date for
determining holders of the Preferred Shares for purposes of such action, and in the case of any such other action, at least 10 days prior to the date of the taking of such proposed action or the date of participation therein by the holders of the
Common Shares and/or Preferred Shares, whichever shall be the earlier. 
 (b) In case any event set forth in Section 11(a)(ii) hereof
shall occur, then the Company shall as soon as practicable thereafter give to the Rights Agent and each holder of a Right Certificate, in accordance with Section 26 hereof, a notice of the occurrence of such event, which notice shall describe
such event and the consequences of such event to holders of Rights under Section 11(a)(ii) hereof. 
 Section 26. Notices.
Notices or demands authorized by this Agreement to be given or made by the Rights Agent or by the holder of any Right to or on the Company shall be sufficiently given or made if in writing and sent by overnight delivery service or first-class mail, postage prepaid, properly addressed (until another address is filed in writing with the Rights Agent) as follows: 

Immersion Corporation 
 50 Rio
Robles 
 San Jose, CA 9513 

Attention: Corporate Secretary 
 Subject to the
provisions of Section 21 hereof, any notice or demand authorized by this Agreement to be given or made by the Company or by the holder of any Right to or on the Rights Agent shall be sufficiently given or made if in writing and sent by
overnight delivery service or first-class mail, postage prepaid, properly addressed (until another address is filed in writing with the Company) as follows: 

Computershare Trust Company, N.A. 

250 Royall Street 
 Canton, MA
02021 
 Attention: Client Services 
 Notices
or demands authorized by this Agreement to be given or made by the Company or the Rights Agent to the holder of any Right Certificate shall be sufficiently given or made if sent by first-class mail, postage
prepaid, addressed to such holder at the address of such holder as shown on the registry books of the Company. 

  
 35 

 Section 27. Supplements and Amendments. Subject to this Section 27, the Company
may from time to time, and the Rights Agent shall, if the Company directs, supplement or amend this Agreement without the approval of any holders of Rights in order to cure any ambiguity, to correct or supplement any provision contained herein that
may be defective or inconsistent with any other provisions herein, or to make any change to or delete any provision hereof or to adopt any other provisions with respect to the Rights that the Company may deem necessary or desirable; provided,
however, that from and after such time as any Person becomes an Acquiring Person, this Agreement shall not be amended or supplemented in any manner that would adversely affect the interests of the holders of Rights (other than an Acquiring
Person and its Affiliates and Associates). For the avoidance of doubt, the Company shall be entitled to adopt and implement such procedures and arrangements (including with third parties) as it may deem necessary or desirable to facilitate the
exercise, exchange, trading, issuance or distribution of the Rights (and Preferred Shares) as contemplated hereby and to ensure that an Acquiring Person does not obtain the benefits thereof, and amendments in respect of the foregoing shall not be
deemed to adversely affect the interests of the holders of Rights. Any such supplement or amendment authorized by this Section 27 will be evidenced by a writing signed by the Company and the Rights Agent. Upon the delivery of a certificate from
an appropriate officer of the Company which states that the proposed supplement or amendment is in compliance with the terms of this Section 27, the Rights Agent shall execute such supplement or amendment; provided that the Rights Agent
shall not be obligated to enter into any amendment or supplement to this Agreement that in the opinion of the Rights Agent, may adversely affect the Right’s Agent’s rights, duties, liabilities, obligations or immunities under this
Agreement. 
 Section 28. Successors. All the covenants and provisions of this Agreement by or for the benefit of the Company or
the Rights Agent shall bind and inure to the benefit of their respective successors and assigns hereunder. 
 Section 29. Benefits
of this Agreement. Nothing in this Agreement shall be construed to give to any person or entity other than the Company, the Rights Agent and the registered holders of the Rights any legal or equitable right, remedy or claim under this Agreement;
but this Agreement shall be for the sole and exclusive benefit of the Company, the Rights Agent and the registered holders of the Rights. 

Section 30. Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent
jurisdiction or other authority to be invalid, void or unenforceable, then such term, provision, covenant or restriction shall be enforced to the maximum extent permissible, and the remainder of the terms, provisions, covenants and restrictions of
this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated; provided, however, that if any such excluded term, provision, covenant or restriction shall affect the rights, immunities,
liabilities, duties or obligations of the Rights Agent, the Rights Agent shall be entitled to resign immediately. 
 Section 31.
Governing Law. This Agreement and each Right Certificate issued hereunder shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of
such State applicable to contracts to be made and performed entirely within such State; provided, however, that all provisions, regarding the rights, duties, obligations and liabilities of the Rights Agent

  
 36 

 
shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed entirely within such State, without regard to the
principles or rules concerning conflicts of laws which might otherwise require application of the substantive laws of another jurisdiction, without regard to the principles or rules concerning conflicts of laws which might otherwise require
application of the substantive laws of another jurisdiction. 
 Section 32. Counterparts. This Agreement may be executed in any
number of counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. A signature to this Agreement transmitted electronically
shall have the same authority, effect, and enforceability as an original signature. 
 Section 33. Descriptive Headings;
Interpretation. Descriptive headings of the several Sections of this Agreement are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof. The words “include,”
“includes” and “including” when used herein shall be deemed in each case to be followed by the words “without limitation.” Unless the context of this Agreement otherwise requires (a) words of any gender include
each other gender and neutral forms of such words, (b) words using the singular or plural number also include the plural or singular number, respectively, (c) the terms “hereof,” “herein,” “hereto,”
“hereunder” and derivative or similar words refer to this entire Agreement, (d) references to clauses without a cross-reference to a Section or subsection are references to clauses within the same Section or, if more specific,
subsection, (e) references to any person include the successors and permitted assigns of that person, and (f) references from or through any date shall mean, unless otherwise specified, from and including or through and including,
respectively. 
 Section 34. Administration. The Board shall have the exclusive power and authority to administer and interpret
the provisions of this Agreement and to exercise all rights and powers specifically granted to the Board or as may be necessary or advisable in the administration of this Agreement. All such actions, calculations, determinations and interpretations
which are done or made by the Board in good faith shall be final, conclusive and binding on the Company, the Rights Agent, the holders of the Rights and all other parties and shall not subject the Board to any liability to the holders of the Rights.
The Rights Agent is always entitled to assume that the Board acted in good faith and shall be fully protected and incur no liability in reliance thereon. 

Section 35. Entire Agreement. This Agreement contains the entire agreement between the parties with respect to the subject matter
hereof. 
 Section 36. Force Majeure. Notwithstanding anything to the contrary contained herein, the Rights Agent shall not be
liable for any delays or failures in performance resulting from acts beyond its reasonable control, including acts of God, terrorist acts, shortage of supply, breakdowns or malfunctions, interruptions or malfunction of computer facilities, or loss
of data due to power failures or mechanical difficulties with information storage or retrieval systems, labor difficulties, war, or civil unrest. 

[Signature Pages Follow] 

  
 37 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed, all as of
the day and year first above written. 
  

			
	Company:
	
	 IMMERSION CORPORATION

		
	By:	 	 /s/ Carl Schlachte

	 Title:
	 	 Chief Executive Officer

	
	Rights Agent:
	
	 COMPUTERSHARE TRUST COMPANY, N.A.

		
	 By:
	 	 /s/ Patrick Hayes

	 Title:
	 	 Vice President & Manager

  
 38 

 Exhibit A 

FORM 
 of 

CERTIFICATE OF DESIGNATIONS 
 of

 SERIES B JUNIOR PARTICIPATING PREFERRED STOCK 

of 
 IMMERSION CORPORATION 

(Pursuant to Section 151 of the 

Delaware General Corporation Law) 

Immersion Corporation, a corporation organized and existing under the General Corporation Law of the State of Delaware (hereinafter called the
“Corporation”), hereby certifies that the following resolution was adopted by the Board of Directors of the Corporation as required by Section 151 of the General Corporation Law at a meeting duly called and held on
December 26, 2017: 
 RESOLVED, that pursuant to the authority granted to and vested in the Board of Directors of this Corporation
(hereinafter called the “Board of Directors” or the “Board”) in accordance with the provisions of the Certificate of Incorporation of the Corporation, pursuant to which 5,000,000 shares of Preferred Stock, par value
$0.001 per share (the “Preferred Stock”), are authorized and none of which have been issued as of the date hereof, the Board hereby creates a series of Preferred Stock and states the designation and number of shares, and fixes the
relative rights, preferences, and limitations thereof as follows: 
 Series B Junior Participating Preferred Stock: 

Section 1.    Designation and Amount. The shares of such series shall be designated as “Series B Junior
Participating Preferred Stock” (the “Series B Preferred Stock”) and the number of shares constituting the Series B Preferred Stock shall be 100,000. Such number of shares may be increased or decreased by resolution of the Board
of Directors; provided that no decrease shall reduce the number of shares of Series B Preferred Stock to a number less than the number of shares then outstanding plus the number of shares reserved for issuance upon the exercise of outstanding
options, rights or warrants or upon the conversion of any outstanding securities issued by the Corporation convertible into shares of Series B Preferred Stock. 

  
 1 

 Section 2. Dividends and Distributions. 

(A) Subject to the rights of the holders of any shares of any series of Preferred Stock (or any other stock) ranking prior and superior to the
Series B Preferred Stock with respect to dividends, the holders of shares of Series B Preferred Stock shall be entitled to receive, when, as and if declared by the Board of Directors out of funds legally available for the purpose, quarterly
dividends payable in cash on the last Business Day of March, June, September and December in each year (each such date being referred to herein as a “Quarterly Dividend Payment Date”), commencing on the first Quarterly Dividend
Payment Date after the first issuance of a share or fraction of a share of Series B Preferred Stock, in an amount (if any) per share (rounded to the nearest cent), subject to the provision for adjustment hereinafter set forth, equal to 1,000 times
the aggregate per share amount of all cash dividends, and 1,000 times the aggregate per share amount (payable in kind) of all non-cash dividends or other distributions, other than a dividend payable in shares
of Common Stock, par value $0.001 per share (the “Common Stock”), of the Corporation or a subdivision of the outstanding shares of Common Stock (by reclassification or otherwise), declared on the Common Stock since the immediately
preceding Quarterly Dividend Payment Date or, with respect to the first Quarterly Dividend Payment Date, since the first issuance of any share or fraction of a share of Series B Preferred Stock. In the event the Corporation shall at any time after
December 27, 2017 (the “Effective Date”), declare or pay any dividend on the Common Stock payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by
reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each such case the amount to which holders of shares of Series B Preferred Stock were entitled
immediately prior to such event under the preceding sentence shall be adjusted by multiplying (x) such amount by (y) a fraction, (1) the numerator of which is the number of shares of Common Stock outstanding immediately after such
event and (2) the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event. 

(B) The Corporation shall declare a dividend or distribution on the Series B Preferred Stock as provided in paragraph (A) of this
Section 2 immediately after it declares a dividend or distribution on the Common Stock (other than a dividend payable in shares of Common Stock). 

(C) Dividends due pursuant to paragraph (A) of this Section 2 shall begin to accrue and be cumulative on outstanding shares of Series
B Preferred Stock from the Quarterly Dividend Payment Date next preceding the date of issue of such shares, unless the date of issue of such shares is prior to the record date for the first Quarterly Dividend Payment Date, in which case dividends on
such shares shall begin to accrue from the date of issue of such shares, or unless the date of issue is a Quarterly Dividend Payment Date or is a date after the record date for the determination of holders of shares of Series B Preferred Stock
entitled to receive a quarterly dividend and before such Quarterly Dividend Payment Date, in either of which events such dividends shall begin to accrue and be cumulative from such Quarterly Dividend Payment Date. Accrued but unpaid dividends shall
not bear interest. Dividends paid on the shares of Series B Preferred Stock in an amount less than the total amount of such dividends at the time accrued and payable on such shares shall be allocated pro rata on a share-by-share basis among all such shares at the time outstanding. The Board of Directors may fix a record date for the determination of holders of shares of Series B Preferred Stock entitled to receive
payment of a dividend or distribution declared thereon, which record date shall be not more than 60 days prior to the date fixed for the payment thereof. 

  
 2 

 Section 3. Voting Rights. The holders of shares of Series B Preferred Stock shall
have the following voting rights: 
 (A) Subject to the provision for adjustment hereinafter set forth, each share of Series B Preferred
Stock shall entitle the holder thereof to 1,000 votes on all matters submitted to a vote of the stockholders of the Corporation. In the event the Corporation shall at any time after the Effective Date declare or pay any dividend on the Common Stock
payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser
number of shares of Common Stock, then in each such case the number of votes per share to which holders of shares of Series B Preferred Stock were entitled immediately prior to such event shall be adjusted by multiplying (x) such number by
(y) a fraction, (1) the numerator of which is the number of shares of Common Stock outstanding immediately after such event and (2) the denominator of which is the number of shares of Common Stock that were outstanding immediately
prior to such event. 
 (B) Except as otherwise provided herein or in the Corporation’s Certificate of Incorporation, in any other
Certificate of Designations creating a series of Preferred Stock or any similar stock, or by law, the holders of shares of Series B Preferred Stock and the holders of shares of Common Stock and any other capital stock of the Corporation having
general voting rights shall vote together as one class on all matters submitted to a vote of stockholders of the Corporation. 
 (C) Except
as set forth herein or as otherwise provided by law, holders of Series B Preferred Stock shall have no special voting rights and their consent shall not be required (except to the extent they are entitled to vote with holders of Common Stock as set
forth herein) for taking any corporate action. 
 Section 4. Certain Restrictions. 

(A) Whenever quarterly dividends or other dividends or distributions payable on the Series B Preferred Stock as provided in Section 2 are
in arrears, thereafter and until all accrued and unpaid dividends and distributions, whether or not declared, on shares of Series B Preferred Stock outstanding shall have been paid in full, the Corporation shall not: 

(i) declare or pay dividends, or make any other distributions, on any shares of stock ranking junior (either as to dividends or upon
liquidation, dissolution or winding up) to the Series B Preferred Stock; 
 (ii) declare or pay dividends, or make any other distributions,
on any shares of stock ranking on a parity (either as to dividends or upon liquidation, dissolution or winding up) with the Series B Preferred Stock, except dividends paid ratably on the Series B Preferred Stock and all such parity stock on which
dividends are payable or in arrears in proportion to the total amounts to which the holders of all such shares are then entitled; or 

  
 3 

 (iii) redeem or purchase or otherwise acquire for consideration shares of any stock ranking
junior (either as to dividends or upon liquidation, dissolution or winding up) to the Series B Preferred Stock, provided that the Corporation may at any time redeem, purchase or otherwise acquire shares of any such junior stock in exchange for
shares of any stock of the Corporation ranking junior (as to dividends and upon dissolution, liquidation or winding up) to the Series B Preferred Stock. 

(B) The Corporation shall not permit any subsidiary of the Corporation to purchase or otherwise acquire for consideration any shares of stock
of the Corporation unless the Corporation could, under paragraph (A) of this Section 4, purchase or otherwise acquire such shares at such time and in such manner. 

Section 5. Reacquired Shares. Any shares of Series B Preferred Stock purchased or otherwise acquired by the Corporation in any
manner whatsoever shall be retired and canceled promptly after the acquisition thereof. The Corporation shall take all such actions as are necessary to cause all such shares to become authorized but unissued shares of Preferred Stock that may be
reissued as part of a new series of Preferred Stock subject to the conditions and restrictions on issuance set forth herein or in the Corporation’s Certificate of Incorporation, including any Certificate of Designations creating a series of
Preferred Stock or any similar stock, or as otherwise required by law. 
 Section 6. Liquidation, Dissolution or Winding Up.

 (A) Upon any liquidation, dissolution or winding up of the Corporation, the holders of shares of Series B Preferred Stock shall be
entitled to receive, prior and in preference to any distribution of any assets of the Corporation to the holders of shares of Common Stock, an aggregate amount per share, subject to the provision for adjustment hereinafter set forth, equal to 1,000
times the aggregate amount to be distributed per share to holders of shares of Common Stock plus an amount equal to any accrued and unpaid dividends. In the event the Corporation shall at any time after the Effective Date declare or pay any dividend
on the Common Stock payable in shares of Common Stock, or effect a subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into
a greater or lesser number of shares of Common Stock, then in each such case the aggregate amount to which holders of shares of Series B Preferred Stock were entitled immediately prior to such event under the preceding sentence shall be adjusted by
multiplying such amount by a fraction the numerator of which is the number of shares of Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately
prior to such event. 
 (B) If the assets of the Corporation legally available for distribution to the holders of shares of Series B
Preferred Stock upon liquidation, dissolution or winding up of the Corporation are insufficient to pay the full preferential amount set forth in the first sentence of paragraph (A) above, then the entire assets of the Corporation legally
available for distribution to the holders of Series B Preferred Stock shall be distributed among such holders in proportion to the shares of Series B Preferred Stock then held by them. 

  
 4 

 (C) The foregoing rights upon liquidation, dissolution or winding up provided to the holders of
Series B Preferred Stock shall be subject to the rights of the holders of any other series of Preferred Stock (or any other stock) that by its terms is ranking prior and superior to the Series B Preferred Stock upon liquidation, dissolution or
winding up. 
 Section 7. Consolidation, Merger, etc. In case the Corporation shall enter into any consolidation, merger,
combination or other transaction in which the shares of Common Stock are exchanged for or changed into other stock or securities, cash and/or other property, then in any such case each share of Series B Preferred Stock shall at the same time be
similarly exchanged or changed into an amount per share, subject to the provision for adjustment hereinafter set forth, equal to 1,000 times the aggregate amount of stock, securities, cash and/or any other property (payable in kind), as the case may
be, into which or for which each share of Common Stock is changed or exchanged. In the event the Corporation shall at any time after the Effective Date declare or pay any dividend on the Common Stock payable in shares of Common Stock, or effect a
subdivision or combination or consolidation of the outstanding shares of Common Stock (by reclassification or otherwise than by payment of a dividend in shares of Common Stock) into a greater or lesser number of shares of Common Stock, then in each
such case the amount set forth in the preceding sentence with respect to the exchange or change of shares of Series B Preferred Stock shall be adjusted by multiplying such amount by a fraction, the numerator of which is the number of shares of
Common Stock outstanding immediately after such event and the denominator of which is the number of shares of Common Stock that were outstanding immediately prior to such event. 

Section 8. No Redemption. The shares of Series B Preferred Stock shall not be redeemable. 

Section 9. Amendment. The Corporation’s Certificate of Incorporation shall not be amended in any manner, including in a
merger or consolidation, which would alter, change, or repeal the powers, preferences or special rights of the Series B Preferred Stock so as to affect them adversely without the affirmative vote of the holders of at least two-thirds of the outstanding shares of Series B Preferred Stock, voting together as a single class. 
 IN
WITNESS WHEREOF, this Certificate of Designations is executed on behalf of the Corporation by its Chief Executive Officer this 27th day of December, 2017. 
  

			
	IMMERSION CORPORATION
		
	By:	 	  

		 	Chief Executive Officer

  
 5 

 Exhibit B 

As provided in the Rights Agreement described below, Rights which are or have been beneficially owned by an Acquiring Person or any Affiliate or Associate
of an Acquiring Person (as such terms are defined in the Rights Agreement) and certain transferees thereof shall become null and void and will no longer be transferable. 

SUMMARY OF STOCK PURCHASE RIGHTS 

On December 26, 2017, the Board of Directors of Immersion Corporation (the “Company”) declared a dividend of one stock
purchase right (a “Right”) for each outstanding share of Company common stock, par value $0.001 per share (the “Common Stock”), of the Company. The dividend is payable to stockholders of record on January 8,
2018 (the “Record Date”). In addition, one Right will be issued with each share of Common Stock that becomes outstanding (i) between the Record Date and the earliest of the Distribution Date (as defined below), the date the
Rights are redeemed and the date the Rights expire or (ii) following the Distribution Date and prior to the date the Rights are redeemed and the date the Rights expire, pursuant to the exercise of employee stock options or upon the exercise,
conversion or exchange of other securities of the Company, outstanding prior to the Distribution Date. Each Right entitles the registered holder of Common Stock to purchase from the Company one one-thousandth
of a share of the Company’s Series B Junior Participating Preferred Stock (the “Preferred Shares”) at a price of $30.00 per one one-thousandth of a Preferred Share (the “Purchase
Price”), subject to adjustment. A complete description of the terms of the Rights is set forth in a Rights Agreement between the Company and Computershare Trust Company, N.A., as Rights Agent (the “Rights Agreement”). 

Until the close of business of the earlier to occur of the date that is (i) 10 days following a public announcement or disclosure or good
faith determination by the Board of Directors of the Company that a person or group of affiliated or associated persons (an “Acquiring Person”), has acquired beneficial ownership of 10% or more of the Company’s outstanding
Common Stock (which includes for this purpose shares referenced in derivative transactions and securities) or (ii) 10 business days (or a later date determined by the Company’s Board of Directors before a person or group becomes an
Acquiring Person) following the first public announcement of an intention to make, or following the commencement of, a tender offer or exchange offer the consummation of which would result in a person or group becoming an Acquiring Person (the
earlier of such dates being called the “Distribution Date”), the Rights will be represented by certificates for Common Stock with a copy of this Summary of Rights attached or, in the case of uncertificated shares of Common Stock, by
the book entry account that evidences record ownership for such shares. No person or group will become an Acquiring Person if the Company’s Board of Directors determines that such person crossed the ownership threshold inadvertently, and such
person or group promptly sells shares of Company common stock until they own less than 10% of the outstanding Common Stock. The Rights Agreement provides that any person that beneficially owned, together with any affiliates and associates of that
person, 10% or more of the outstanding Common Stock immediately prior to the first public announcement of the adoption of the Rights Agreement, (each an “Existing Holder”), shall not be deemed to be an “Acquiring Person”
for purposes of the Rights Agreement unless the Existing Holder, together with any affiliates and associates of that person, becomes the beneficial owner of a percentage of Common Shares then outstanding that exceeds such Existing Holder’s

  
 1 

 
Existing Percentage by 0.5% or more of the outstanding Common Shares (other than pursuant to a dividend or distribution paid or made by the Company on the outstanding Common Stock in Common Stock
or pursuant to a split or subdivision of the outstanding Common Stock). However, if upon acquiring beneficial ownership of a percentage of Common Shares then outstanding that exceeds such Existing Holder’s Existing Percentage by 0.5% or more of
the outstanding Common Shares, the Existing Holder does not beneficially own 10% or more of the Common Stock then outstanding, the Existing Holder shall not be deemed to be an “Acquiring Person” for purposes of the Rights Agreement. 

The Rights Agreement provides that, until the Distribution Date, the Rights will be transferred only with Common Stock. Until the Distribution
Date (or earlier redemption or expiration of the Rights), new Common Stock certificates or book entry shares issued after the Record Date will contain a notation incorporating the Rights Agreement by reference. Until the Distribution Date (or
earlier redemption or expiration of the Rights), the transfer of any Common Stock certificates or book entry shares, even without such notation or a copy of this Summary of Rights being attached, will also constitute the transfer of the Rights
associated with the Common Stock represented by such certificate or book entry account. After the Distribution Date, separate certificates representing the Rights or book entry statements will be mailed to record holders of Common Stock on the
Distribution Date and such separate certificates or book entry statements alone will evidence the Rights. If shares of Common Stock are issued or sold after the Distribution Date (but prior to the redemption or expiration of the Rights) in
connection with the exercise of stock options or upon the exercise, conversion or exchange of other securities of the Company outstanding prior to the Distribution Date, the Company shall issue the appropriate number of Rights in connection with
such issuance or sale. 
 The Rights are not exercisable until the Distribution Date. The Rights will expire on December 26, 2018,
unless the expiration date is extended or unless the Rights are earlier redeemed or exchanged by the Company, as described below. Until a Right is exercised, the holder of a Right, as such, will have no rights as a stockholder of the Company. 

The purchase price payable, and the number of Preferred Shares or other securities or property issuable, upon exercise of the Rights are
subject to adjustment from time to time to prevent dilution. The number of Rights and the number of one one-thousandth of a Preferred Share issuable upon exercise of each Right are also subject to adjustment
upon certain events occurring before the Distribution Date. 
 The Preferred Shares have been structured so that each Preferred Share has
dividend, liquidation and voting rights equal to those of 1,000 shares of Common Stock. Because of this, the value of the one one-thousandth interest in a Preferred Share purchasable upon exercise of each
Right should approximate the value of one share of Common Stock. The Preferred Shares are not redeemable. 
 In the event that any person or
group owns more than 10% of the Company’s outstanding Common Stock and thereby becomes an Acquiring Person, unless the event causing the person to become an Acquiring Person is a merger, acquisition or other business combination described in
the next paragraph, each holder of a Right, other than Rights beneficially owned by the Acquiring Person, or any affiliates and associates of that person (which will thereafter be void), 

  
 2 

 
will thereafter have the right to receive upon exercise and payment of the exercise price that number of shares of Common Stock having a market value of two times the exercise price of the Right.
If the Company does not have enough authorized but unissued shares of Common Stock to satisfy this obligation to issue Common Stock, the Company will deliver upon payment of the exercise price of a Right an amount of cash or other securities
equivalent in value to the Common Stock issuable upon exercise of a Right or adjust the exercise price of a Right accordingly. 
 In the
event that any person or group becomes an Acquiring Person and the Company merges into or engages in certain other business combinations with any Person, or 50% or more of its consolidated assets or earning power are sold to any Person other than
the Company or one of its wholly owned Subsidiaries, each holder of a Right, other than Rights owned by an Acquiring Person (and the affiliates, associates and certain transferees of such Acquiring Person), will thereafter have the right to receive,
upon exercise and payment of the exercise price, that number of shares of common stock of the acquiring company that at the time of such transaction will have a market value of two times the exercise price of the Right; provided that, if the Company
fails to meet such obligation within 30 days following the date a Person becomes an Acquiring Person, the Company must deliver, upon exercise of a Right but without requiring payment of the exercise price then in effect, Common Stock (to the extent
available) and cash equal in value to the difference between the value of the Common Stock otherwise issuable upon the exercise of a Right and the exercise price then in effect. The Board of Directors of the Company may extend the 30-day period described above for up to an additional 60 days to permit the taking of action that may be necessary to authorize sufficient additional Common Stock to permit the issuance of Common Stock upon the
exercise in full of the Rights. 
 At any time after a person or group becomes an Acquiring Person and prior to such person acquiring a
majority of the outstanding Company Common Stock, the Company’s Board of Directors may exchange all or some of the Rights (other than Rights owned by the Acquiring Person), at an exchange ratio of one share of Common Stock, or one one-thousandth of a Preferred Share (or other equivalent securities), per Right. 
 With certain
exceptions, no adjustment in the Purchase Price will be required until cumulative adjustments require an adjustment of at least 1% in such Purchase Price. No fractional Preferred Shares will be issued (other than fractions which are integral
multiples of one one-thousandth of a Preferred Share, which may, at the election of the Company, be evidenced by depositary receipts) and in lieu thereof, an adjustment in cash will be made based on the market
price of the Preferred Shares on the last trading day prior to the date of exercise. 
 At any time before a person or group becomes an
Acquiring Person, the Board of Directors of the Company may redeem all (but not some) of the Rights at a price of $0.001 per Right and on such terms and conditions as the Board of Directors of the Company may establish. After the period for
redemption of the Rights has expired, the Board of Directors of the Company may not amend the Rights Agreement to extend the period for redemption of the Rights. Immediately upon any redemption of the Rights, the right to exercise the Rights will
terminate and the only right of the holders of Rights will be to receive the Redemption Price. 

  
 3 

 The terms of the Rights may be amended by a resolution of the Board of Directors of the Company
without the consent of the holders of the Rights, except that after a person or group becomes an Acquiring Person, no such amendment may adversely affect the interests of the holders of the Rights (other than an Acquiring Person). 

Until a Right is exercised, the holder thereof, as such, will have no rights as a stockholder of the Company, including, without limitation,
the right to vote or to receive dividends. 
 A copy of the Rights Agreement has been filed with the Securities and Exchange Commission as
an Exhibit to a Registration Statement on Form 8-A filed December 27, 2017 and a Current Report on Form 8-K. This summary description of the Rights does
not purport to be complete and is qualified in its entirety by reference to the Rights Agreement, which is deemed to be incorporated into this summary. 

  
 4 

 Exhibit C 

FORM OF RIGHT CERTIFICATE 
  

			
	 Certificate No. R-
	  	         Rights

 NOT EXERCISABLE AFTER DECEMBER 26, 2018 OR EARLIER IF REDEMPTION OR EXCHANGE OCCURS. THE RIGHTS ARE SUBJECT TO REDEMPTION
AT $0.001 PER RIGHT AND TO EXCHANGE ON THE TERMS SET FORTH IN THE RIGHTS AGREEMENT. UNDER CERTAIN CIRCUMSTANCES, RIGHTS THAT ARE OR WERE ACQUIRED OR BENEFICIALLY OWNED BY AN ACQUIRING PERSON OR ANY ASSOCIATES OR AFFILIATES THEREOF (AS SUCH TERMS ARE
DEFINED IN THE RIGHTS AGREEMENT) OR ANY SUBSEQUENT HOLDER OF SUCH RIGHTS MAY BECOME NULL AND VOID. 
 RIGHT CERTIFICATE 

IMMERSION CORPORATION 

This certifies
that                             or registered assigns, is the registered owner of the number of Rights set
forth above, each of which entitles the owner thereof, subject to the terms, provisions and conditions of the Rights Agreement, dated as of December 27, 2017, as it may be amended, supplemented or otherwise modified from time to time, the
“Rights Agreement”), between Immersion Corporation, a Delaware corporation (the “Company”), and Computershare Trust Company, N.A. (or any successor rights agent) (the “Rights Agent”), to purchase
from the Company at any time after the Distribution Date (as such term is defined in the Rights Agreement) and prior to 5:00 p.m., Eastern Time, on December 26, 2018 at the principal office of the Rights Agent, or at the office of its successor
as Rights Agent, one one-thousandth (i.e., 1/1000) of a fully paid non-assessable share of Series B Junior Participating Preferred Stock, par value $0.001 per share (the
“Preferred Shares”), of the Company, at a purchase price of $30.00 per one one-thousandth (i.e., 1/1000) of a Preferred Share (the “Purchase Price”), upon presentation and
surrender of this Right Certificate with the Certification and the Form of Election to Purchase duly executed, accompanied by a signature guarantee and such other documentation as the Rights Agent may reasonably request. The number of Rights
evidenced by this Right Certificate (and the number of one one-thousandths of a Preferred Share which may be purchased upon exercise hereof) set forth above, and the Purchase Price set forth above, are the
number and Purchase Price as of December 27, 2017, based on the Preferred Shares as constituted at such date. As provided in the Rights Agreement, the Purchase Price and the number of one one-thousandths
of a Preferred Share which may be purchased upon the exercise of the Rights evidenced by this Right Certificate are subject to modification and adjustment upon the happening of certain events. 

From and after the occurrence of an event described in Section 11(a)(ii) of the Rights Agreement, if the Rights evidenced by this
Right Certificate are or were at any time on or after the earlier of (x) the date of such event and (y) the Distribution Date (as such term is defined in the Rights Agreement) acquired or beneficially owned by an Acquiring Person or an
Associate or Affiliate of (as such terms are defined in the Rights Agreement), such Rights shall become void, and any holder of such Rights shall thereafter have no right to exercise such Rights. 

  
 1 

 This Right Certificate is subject to all of the terms, provisions and conditions of the Rights
Agreement, which terms, provisions and conditions are hereby incorporated herein by reference and made a part hereof and to which Rights Agreement reference is hereby made for a full description of the rights, limitations of rights, obligations,
duties and immunities hereunder of the Rights Agent, the Company and the holders of the Right Certificates. Copies of the Rights Agreement are on file at the principal executive offices of the Company and the
above-mentioned offices of the Rights Agent. 
 This Right Certificate, with or without other Right
Certificates, upon surrender at the office or offices of the Rights Agent designated for such purpose, accompanied by a signature guarantee and such other documentation as the Rights Agent may reasonably request, may be exchanged for another Right
Certificate or Right Certificates of like tenor and date evidencing Rights entitling the holder to purchase a like aggregate number of Preferred Shares as the Rights evidenced by the Right Certificate or Right Certificates surrendered shall have
entitled such holder to purchase. If this Right Certificate shall be exercised in part, the holder shall be entitled to receive upon surrender hereof another Right Certificate or Right Certificates for the number of whole Rights not exercised. 

Subject to the provisions of the Rights Agreement, at the Company’s option, the Rights evidenced by this Certificate (i) may be
redeemed by the Company at a redemption price of $0.001 per Right or (ii) may be exchanged in whole or in part for Preferred Shares or shares of the Company’s Common Stock, par value $0.001 per share. 

No fractional Preferred Shares will be issued upon the exercise of any Right or Rights evidenced hereby (other than fractions which are
integral multiples of one one-thousandths of a Preferred Share or such other fraction as provided for by adjustment provisions in the Rights Agreement, which may, at the election of the Company, be evidenced
by depository receipts), but in lieu thereof a cash payment will be made, as provided in the Rights Agreement. 
 No holder of this Right
Certificate shall be entitled to vote or receive dividends or be deemed for any purpose the holder of the Preferred Shares or of any other securities of the Company which may at any time be issuable on the exercise or exchange hereof, nor shall
anything contained in the Rights Agreement or herein be construed to confer upon the holder hereof, as such, any of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to
stockholders at any meeting thereof, or to give or withhold consent to any corporate action, or to receive notice of meetings or other actions affecting stockholders (except as provided in the Rights Agreement), or to receive dividends or
subscription rights, or otherwise, until the Right or Rights evidenced by this Right Certificate shall have been exercised or exchanged as provided in the Rights Agreement. 

This Right Certificate shall not be valid or obligatory for any purpose until it shall have been countersigned by an authorized signatory of
the Rights Agent. 

  
 2 

 WITNESS the facsimile signature of the proper officers of the Company and its corporate seal.

 Dated as of                    . 

 

									
	 Attest:
	  	         
	  	 IMMERSION CORPORATION

					
	 By:
	 	
                     
        
	  		  	 By:
	 	
                     
    

 Countersigned: 
 COMPUTERSHARE
TRUST COMPANY, N.A., Rights Agent 
  

			
	 By:
	 	 
		 	 Authorized Signature

  
 3 

 Form of Reverse Side of Right Certificate 

FORM OF ASSIGNMENT 
 (To be
executed by the registered holder if such 
 holder desires to transfer the Right Certificate) 

FOR VALUE RECEIVED
                                 hereby sells, assigns and transfers unto
                                 (Please print name and address of transferee) this Right
Certificate, together with all right, title and interest therein, and does hereby irrevocably constitute and appoint
                                 Attorney, to transfer the within Right Certificate on
the books of the within-named Company, with full power of substitution. 
 Dated:________________________ 

 

	
	  

	Signature

 Signature(s) Guaranteed: 

SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH
MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15. 
  

 
 The undersigned
hereby certifies that the Rights evidenced by this Right Certificate are not beneficially owned by an Acquiring Person or an Affiliate or Associate thereof (as defined in the Rights Agreement). 

 

	
	  

	Signature

  
  

 Form of Reverse Side of Right
Certificate--continued 
 FORM OF ELECTION TO PURCHASE

 (To be executed if holder desires to 

exercise the Right Certificate) 
 To
_______________________: 
 The undersigned hereby irrevocably elects to exercise
                     Rights represented by this Right Certificate to purchase the Preferred Shares issuable upon the exercise of such Rights and
requests that certificates (or book entry statements) for such Preferred Shares be issued in the name of: 
 Please insert social security 

or other identifying number 
  

	
	  

	(Please print name and address)
	
	  

	
	  

  

	
	
	

 If such number of Rights shall not be all the Rights evidenced by this Right Certificate, a new Right Certificate for the
balance remaining of such Rights shall be registered in the name of and delivered to: 
 Please insert social security 

or other identifying number 
  

	
	  

	(Please print name and address)
	
	  

	
	  

 Dated: __________________ 
  

	
	  

	Signature

 Signature(s) Guaranteed: 

SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH
MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15. 

  
 1 

 Form of Reverse Side of Right Certificate–continued 

 
  

The undersigned hereby certifies that the Rights evidenced by this Right Certificate are not beneficially owned by an Acquiring Person or an
Affiliate or Associate thereof (in each case as defined in the Rights Agreement). 
  

	
	  

	Signature

  
  

NOTICE 
 The signature in
the foregoing Forms of Assignment and Election must conform to the name as written upon the face of this Right Certificate in every particular, without alteration or any change whatsoever. 

In the event the certification set forth above in the Form of Assignment or the Form of Election to Purchase, as the case may be, is not
completed, the Company and the Rights Agent will deem the beneficial owner of the Rights evidenced by this Right Certificate to be an Acquiring Person or an Affiliate or Associate thereof (in each case as defined in the Rights Agreement) and such
Assignment or Election to Purchase will not be honored. 

  
 2EX-4.2

 Exhibit 4.2 

EXECUTION VERSION 
  

 
 WHITING PETROLEUM CORPORATION, 

THE GUARANTORS NAMED ON THE SIGNATURE PAGE HEREOF 

and 
 THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A., 
 as Trustee 

FIFTH SUPPLEMENTAL INDENTURE 

Dated as of December 27, 2017 

to 
 SENIOR INDENTURE 

Dated as of September 12, 2013 

Providing for Issuance of 
 6.625%
SENIOR NOTES DUE 2026 
  
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE 1 DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	2	 
	 Section 1.01
	 	Definitions	  	 	2	 
	 Section 1.02
	 	Other Definitions	  	 	29	 
	 Section 1.03
	 	Rules of Construction	  	 	29	 
	 Section 1.04
	 	Incorporation by Reference of Trust Indenture Act	  	 	30	 
		
	 ARTICLE 2 THE NOTES
	  	 	30	 
	 Section 2.01
	 	Creation and Form	  	 	30	 
	 Section 2.02
	 	Execution and Authentication	  	 	31	 
	 Section 2.03
	 	Outstanding Notes	  	 	31	 
	 Section 2.04
	 	CUSIP Numbers	  	 	31	 
	 Section 2.05
	 	Issuance of Additional Notes	  	 	32	 
		
	 ARTICLE 3 REDEMPTION AND PURCHASE
	  	 	32	 
	 Section 3.01
	 	Redemption and Purchase	  	 	32	 
	 Section 3.02
	 	Optional Redemption	  	 	32	 
	 Section 3.03
	 	Mandatory Redemption	  	 	33	 
	 Section 3.04
	 	Offer to Purchase by Application of Excess Proceeds	  	 	33	 
		
	 ARTICLE 4 COVENANTS
	  	 	35	 
	 Section 4.01
	 	Payment of Notes	  	 	35	 
	 Section 4.02
	 	Maintenance of Office or Agency	  	 	35	 
	 Section 4.03
	 	Reports	  	 	36	 
	 Section 4.04
	 	Compliance Certificate	  	 	37	 
	 Section 4.05
	 	Taxes	  	 	37	 
	 Section 4.06
	 	Stay, Extension and Usury Laws	  	 	37	 
	 Section 4.07
	 	Limitation on Restricted Payments	  	 	38	 
	 Section 4.08
	 	Limitation on Dividend and Other Payment Restrictions Affecting Subsidiaries	  	 	41	 
	 Section 4.09
	 	Limitation on Incurrence of Indebtedness and Issuance of Preferred Stock	  	 	44	 
	 Section 4.10
	 	Limitation on Asset Sales	  	 	47	 
	 Section 4.11
	 	Limitation on Transactions with Affiliates	  	 	50	 
	 Section 4.12
	 	Limitation on Liens	  	 	51	 
	 Section 4.13
	 	Additional Subsidiary Guarantees	  	 	52	 
	 Section 4.14
	 	Corporate Existence	  	 	52	 
	 Section 4.15
	 	Offer to Repurchase Upon Change of Control Triggering Event	  	 	52	 
	 Section 4.16
	 	[Intentionally Omitted.]	  	 	55	 
	 Section 4.17
	 	Designation of Restricted and Unrestricted Subsidiaries	  	 	55	 
	 Section 4.18
	 	Covenant Termination	  	 	55	 
		
	 ARTICLE 5 SUCCESSORS
	  	 	56	 
	 Section 5.01
	 	Merger, Consolidation, or Sale of Assets	  	 	56	 
	 Section 5.02
	 	Successor Entity Substituted	  	 	57	 

  
 i 

							
		
	 ARTICLE 6 DEFAULTS AND REMEDIES
	  	 	57	 
	 Section 6.01
	 	Events of Default	  	 	57	 
	 Section 6.02
	 	Acceleration	  	 	60	 
	 Section 6.03
	 	Waiver of Usury, Stay or Extension of Laws	  	 	60	 
		
	 ARTICLE 7 TRUSTEE; REPORTS
	  	 	60	 
	 Section 7.01
	 	Notice of Defaults	  	 	60	 
	 Section 7.02
	 	Compensation and Reimbursement	  	 	61	 
	 Section 7.03
	 	Reports by Company and Subsidiary Guarantors	  	 	61	 
		
	 ARTICLE 8 LEGAL DEFEASANCE AND COVENANT DEFEASANCE
	  	 	61	 
	 Section 8.01
	 	Option to Effect Legal Defeasance or Covenant Defeasance	  	 	61	 
	 Section 8.02
	 	Legal Defeasance and Discharge	  	 	61	 
	 Section 8.03
	 	Covenant Defeasance	  	 	62	 
	 Section 8.04
	 	Conditions to Legal or Covenant Defeasance	  	 	63	 
	 Section 8.05
	 	Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions	  	 	64	 
	 Section 8.06
	 	Repayment to Company	  	 	64	 
	 Section 8.07
	 	Reinstatement	  	 	65	 
	 Section 8.08
	 	Discharge	  	 	65	 
		
	 ARTICLE 9 AMENDMENT, SUPPLEMENT AND WAIVER
	  	 	65	 
	 Section 9.01
	 	Without Consent of Holders of Notes	  	 	65	 
	 Section 9.02
	 	With Consent of Holders of Notes	  	 	67	 
	 Section 9.03
	 	Revocation and Effect of Consents	  	 	68	 
		
	 ARTICLE 10 GUARANTEES OF NOTES
	  	 	69	 
	 Section 10.01
	 	Subsidiary Guarantees	  	 	69	 
	 Section 10.02
	 	Notation of Subsidiary Guarantees	  	 	70	 
	 Section 10.03
	 	Guarantors May Consolidate, Etc., on Certain Terms	  	 	70	 
	 Section 10.04
	 	Releases of Subsidiary Guarantees	  	 	71	 
	 Section 10.05
	 	Limitation on Guarantor Liability	  	 	72	 
	 Section 10.06
	 	“Trustee” to Include Paying Agent	  	 	72	 
		
	 ARTICLE 11 MISCELLANEOUS
	  	 	72	 
	 Section 11.01
	 	Fifth Supplemental Indenture Controls	  	 	72	 
	 Section 11.02
	 	No Personal Liability of Directors, Officers, Employees and Stockholders	  	 	72	 
	 Section 11.03
	 	Governing Law; Waiver of Jury Trial; Submission to Jurisdiction	  	 	73	 
	 Section 11.04
	 	Force Majeure	  	 	73	 
	 Section 11.05
	 	No Adverse Interpretation of Other Agreements	  	 	73	 
	 Section 11.06
	 	Table of Contents and Headings	  	 	73	 
	 Section 11.07
	 	Counterparts	  	 	74	 
	 Section 11.08
	 	Tax Withholding	  	 	74	 
	 Section 11.09
	 	Certain Right of Trustee	  	 	74	 
	 Section 11.10
	 	Conflicting Interests	  	 	74	 
	 Section 11.11
	 	Not Responsible for Recitals or Issuance of the Notes	  	 	75	 

  
 ii 

							
		
	APPENDIX	  			
			
	 APPENDIX
	 	Rule 144A/Regulation S Appendix	  	 	App-1	 
		
	EXHIBITS	  			
			
	 EXHIBIT A
	 	Form of Note	  	 	A-1	 
			
	 EXHIBIT B
	 	Form of Supplemental Indenture	  	 	B-1	 

  
 iii 

 This Fifth Supplemental Indenture, dated as of December 27, 2017 (this “Fifth
Supplemental Indenture”), supplements and amends the Senior Indenture, dated as of September 12, 2013 (the “Original Indenture”), among Whiting Petroleum Corporation, a Delaware corporation (the “Company”), the
Guarantors listed on the signature pages hereto and The Bank of New York Mellon Trust Company, N.A., a national banking association, as trustee (the “Trustee”). 

RECITATIONS OF THE COMPANY 

WHEREAS, the Company, WOGC (as defined below) and the Trustee have heretofore executed and delivered the Original Indenture to provide for the
issuance of the Company’s senior debt securities to be issued in one or more series (herein called the “Securities”); 

WHEREAS, Section 901 of the Original Indenture provides, among other things, that the Company, the Guarantors and the Trustee may without
the consent of Holders enter into indentures supplemental to the Original Indenture to, among other things, (a) add to, change or eliminate any of the provisions of the Original Indenture in respect of one or more series of Securities;
provided that any such addition, change or elimination (i) shall neither (A) apply to any Security of any series created prior to the execution of such supplemental indenture and entitled to the benefit of such provision nor
(B) modify the rights of the Holder of any such Security with respect to such provision or (ii) shall become effective only when there is no such Security outstanding and (b) establish the form or terms of Securities of any series as
permitted by Sections 201 and 301; 
 WHEREAS, the Company desires to provide for the issuance of a series of Securities to be designated as
the “6.625% Senior Notes due 2026,” and to set forth the form and terms thereof; 
 WHEREAS, the Company proposes in and by this
Fifth Supplemental Indenture to supplement and amend the Original Indenture, but only insofar as it will apply to the Notes; and 
 WHEREAS,
all action on the part of the Company necessary to authorize the creation and issuance of the Notes, and all action on the part of each of the Guarantors necessary to authorize its guarantee of the Notes under the Original Indenture and this Fifth
Supplemental Indenture (the Original Indenture, as supplemented and amended by this Fifth Supplemental Indenture, being hereinafter called the “Indenture”), has been duly taken. 

NOW, THEREFORE, THIS FIFTH SUPPLEMENTAL INDENTURE WITNESSETH: 

That, in order to establish the designation, form and terms of, and to authorize the authentication and delivery of the Notes and the
Guarantees of the Guarantors, and in consideration of the acceptance of the Notes and the Guarantees by the Holders thereof and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto hereby agree as follows: 

  
 1 

 ARTICLE 1 

DEFINITIONS AND INCORPORATION 
 BY
REFERENCE 
 Section 1.01 Definitions. 

(a) Capitalized terms used herein and not otherwise defined shall have the respective meanings assigned thereto in the Original Indenture. 

(b) Section 101 of the Original Indenture is amended and supplemented, with respect to the Notes, by inserting or restating, as the case may
be, in their appropriate alphabetical position, the following definitions: 
 “ACNTA” (Adjusted Consolidated Net Tangible
Assets) means (without duplication), as of the date of determination: 
 (1) the sum of: 

(a) discounted future net revenue from proved crude oil and natural gas reserves of the Company and its Restricted Subsidiaries
calculated in accordance with Commission guidelines before any state or federal income taxes, as estimated in a reserve report prepared as of the end of the Company’s most recently completed fiscal year, or, at the Company’s option, the
most recently completed fiscal quarter for which financial statements are available, which reserve report is prepared or reviewed by independent petroleum engineers as to reserves accounting for at least 80% of all such discounted future net revenue
and by the Company’s petroleum engineers with respect to any other such reserves covered by such report, as increased by, as of the date of determination, the discounted future net revenue from: 

(i) estimated proved crude oil and natural gas reserves of the Company and its Restricted Subsidiaries attributable to
acquisitions consummated since the date of such year-end or quarterly reserve report, as applicable, and 

(ii) estimated proved crude oil and natural gas reserves of the Company and its Restricted Subsidiaries attributable to
extensions, discoveries and other additions and upward determinations of estimates of proved crude oil and natural gas reserves (including previously estimated development costs incurred during the period and the accretion of discount since the
prior year end) due to exploration, development or exploitation, production or other activities which reserves were not reflected in such year-end or quarterly reserve report, as applicable, 

in each case calculated in accordance with Commission guidelines (utilizing the prices utilized in such
year-end or quarterly reserve report, as applicable), and decreased by, as of the date of determination, the discounted future net revenue attributable to 

  
 2 

 (iii) estimated proved crude oil and natural gas reserves of the Company and its
Restricted Subsidiaries reflected in such year-end or quarterly reserve report, as applicable, produced or disposed of since the date of such year-end or quarterly
reserve report, as applicable, and 
 (iv) reductions in the estimated proved crude oil and natural gas reserves of the
Company and its Restricted Subsidiaries reflected in such year-end or quarterly reserve report, as applicable, since the date of such year-end or quarterly reserve
report, as applicable, attributable to downward determinations of estimates of proved crude oil and natural gas reserves due to exploration, development or exploitation, production or other activities conducted or otherwise occurring since the date
of such year-end or quarterly reserve report, as applicable, 
 in each case calculated in accordance
with Commission guidelines (utilizing the prices utilized in such year-end or quarterly reserve report, as applicable); provided, however, that, in the case of each of the determinations made
pursuant to clauses (i) through (iv), such increases and decreases shall be as estimated by the Company’s engineers, except that if as a result of such acquisitions, dispositions, discoveries, extensions or revisions, there is a Material
Change, then such increases and decreases in the discounted future net revenue shall be confirmed in writing by an independent petroleum engineer; 

(b) the capitalized costs that are attributable to crude oil and natural gas properties of the Company and its Restricted
Subsidiaries to which no proved crude oil and natural gas reserves are attributed, based on the Company’s books and records as of a date no earlier than the date of the Company’s latest annual or quarterly financial statements; 

(c) the Net Working Capital on a date no earlier than the date of the Company’s latest annual or quarterly financial
statements; and 
 (d) the greater of (I) the net book value on a date no earlier than the date of the Company’s
latest annual or quarterly financial statements and (II) the appraised value, as estimated by independent appraisers, of other tangible assets of the Company and its Restricted Subsidiaries as of a date no earlier than the date of the
Company’s latest annual or quarterly financial statements, as applicable; 
 (2) minus, to the extent not
otherwise taken into account in the immediately preceding clause (1), the sum of: 
 (a) noncontrolling interests; 

(b) any net gas balancing liabilities of the Company and its Restricted Subsidiaries reflected in the Company’s latest
annual or quarterly financial statements, as applicable; 

  
 3 

 (c) the discounted future net revenue, calculated in accordance with Commission
guidelines (utilizing the same prices utilized in the Company’s year-end or quarterly reserve report, as applicable), attributable to reserves subject to participation interests, overriding royalty
interests or other interests of third parties, pursuant to participation, partnership, vendor financing or other agreements then in effect, or which otherwise are required to be delivered to third parties; 

(d) the discounted future net revenue, calculated in accordance with Commission guidelines (utilizing the same prices utilized
in the Company’s year-end or quarterly reserve report, as applicable), attributable to reserves that 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 on the schedules specified with respect thereto; and 

(e) the discounted future net revenue, calculated in accordance with Commission guidelines, attributable to reserves subject to
Dollar-Denominated Production Payments that, based on the estimates of production included in determining the discounted future net revenue specified in the immediately preceding clause (1)(a) (utilizing the same prices utilized in the
Company’s year-end or quarterly reserve report, as applicable), would be necessary to satisfy fully the obligations of the Company and its Restricted Subsidiaries with respect to Dollar-Denominated
Production Payments on the schedules specified with respect thereto. 
 Any calculation of Adjusted Consolidated Net Tangible Assets shall be determined on
a pro forma basis in a manner consistent with the pro forma adjustments contained in the definition of Fixed Charge Coverage Ratio. If the Company changes its method of accounting for its oil and gas properties from the successful efforts method to
the full cost method or a similar method of accounting, ACNTA will continue to be calculated as if the Company were still using the successful efforts method of accounting. For the avoidance of doubt, the financial statements referred to in the
calculation of ACNTA would relate to the same annual or quarterly period as the reserve report. 
 “Acquired Debt” means,
with respect to any specified Person: 
 (1) Indebtedness, Disqualified Stock or preferred stock of any other Person existing
at the time such other Person was merged with or into or became a Subsidiary of such specified Person, whether or not such Indebtedness, Disqualified Stock or preferred stock is incurred or issued in connection with, or in contemplation of, such
other Person merging with or into, or becoming a Subsidiary of, such specified Person; provided, however, that Indebtedness, Disqualified Stock or preferred stock of such acquired Person which is redeemed, defeased, retired or otherwise
repaid at the time of or substantially contemporaneously with the consummation of the transactions by which such Person merges with or into or becomes a Subsidiary of such Person shall not be Acquired Debt; and 

  
 4 

 (2) Indebtedness secured by a Lien encumbering any asset acquired by such
specified Person. 
 “Additional Assets” means: 

(1) any assets used or useful in the Oil and Gas Business; 

(2) the Capital Stock of a Person that becomes a Restricted Subsidiary as a result of the acquisition of such Capital Stock by
the Company or another Restricted Subsidiary; or 
 (3) Capital Stock constituting a minority in any Person that at such time
is a Restricted Subsidiary; 
 provided, however, that any such Restricted Subsidiary described in clauses (2) or (3) is primarily
engaged in the Oil and Gas Business. 
 “Additional Interest” means all additional interest then owing pursuant to
Section 2(d) of the Registration Rights Agreement. Unless the context indicates otherwise, all references in this Indenture or the Notes in any context to any interest on or with respect to the Notes shall be deemed to include any Additional
Interest to the extent then applicable. 
 “Additional Notes” means, subject to the Company’s compliance with
Section 4.09 of this Fifth Supplemental Indenture, 6.625% Senior Notes due 2026 of the Company as may be originally issued from time to time after the Issue Date under the terms of this Indenture, together with all other Notes issued upon
registration of transfer of, or in exchange for, such Notes, whether or not such Notes bear the same CUSIP number. 

“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 purposes of this definition, “control,” as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of
the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise. For purposes of this definition, the terms “controlling,” “controlled by” and “under common control
with” have correlative meanings. 
 “Applicable Law,” except as the context may otherwise require, means all
applicable laws, rules, regulations, ordinances, judgments, decrees, injunctions, writs and orders of any court or governmental or congressional agency or authority and rules, regulations, orders, licenses and permits of any United States federal,
state, municipal, regional, foreign or other governmental body, instrumentality, agency or authority. 
 “Applicable
Premium” means, with respect to a Note being redeemed (in whole or in part) at any Redemption Date, the greater of (x) 1.0% of the principal amount of such Note being redeemed and (y) the excess of (A) the present value at such
Redemption Date of (1) the principal amount of such Note, plus (2) all required remaining scheduled interest payments due with respect to such principal on October 15, 2025 (without regard to accrued and unpaid interest first
due on the Redemption Date), computed using a discount rate equal to the Treasury Rate plus 50 basis points, over (B) the principal amount of such Note being redeemed on such Redemption Date. 

  
 5 

 “Asset Sale” means: 

(1) the sale, lease, conveyance or other disposition of any properties or assets (including by way of a Production Payment or
sale and leaseback transaction); provided that the sale, lease, conveyance or other disposition of all or substantially all of the properties or assets of the Company and its Restricted Subsidiaries taken as a whole will be governed by the
provisions of Section 4.15 of this Fifth Supplemental Indenture and/or the provisions of Section 5.01 of this Fifth Supplemental Indenture and not by the provisions of Section 4.10 of this Fifth Supplemental Indenture; and 

(2) the issuance of Equity Interests in any of the Company’s Restricted Subsidiaries or the sale by the Company or any of
the Company’s Restricted Subsidiaries of Equity Interests in any of the Company’s 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
Restricted Subsidiary). 
 Notwithstanding the preceding, the following items will not be deemed to be Asset Sales: 

(1) any single transaction or series of related transactions that involves properties or assets having a fair market value of
less than $25.0 million; 
 (2) a transfer of assets between or among any of the Company and its Restricted
Subsidiaries; 
 (3) an issuance or sale of Equity Interests by a Restricted Subsidiary to the Company or to another
Restricted Subsidiary; 
 (4) the sale, lease or other disposition of equipment, inventory, accounts receivable or other
properties or assets in the ordinary course of business, including, without limitation, any abandonment, farm-in, farm-out, lease or sublease of any oil and gas
properties or the forfeiture or other disposition of such properties pursuant to standard form operating agreements, or any operating lease or sublease in each case in the ordinary course of business in a manner customary in the Oil and Gas
Business, but excluding from this clause (4) any disposition as a result of the creation of a Production Payment; 
 (5)
the sale or other disposition of cash or Cash Equivalents; 
 (6) a Restricted Payment that is permitted by Section 4.07
of this Fifth Supplemental Indenture or a Permitted Investment; 
 (7) any trade or exchange by the Company or any Restricted
Subsidiary of oil and gas properties or other properties or assets for oil and gas properties or other properties or assets owned or held by another Person; provided that the fair market value of the properties or assets traded or exchanged
by the Company or such Restricted 

  
 6 

 
Subsidiary (together with any cash) is reasonably equivalent to the fair market value of the properties or assets (together with any cash) to be received by the Company or such Restricted
Subsidiary; provided, further, that any cash received must be applied in accordance with the provisions of Section 4.10 of this Fifth Supplemental Indenture; 

(8) the creation or perfection of a Lien (but not the sale or other disposition of the properties or assets subject to such
Lien); 
 (9) surrender or waiver of contract rights or the settlement, release or surrender of contract, tort or other
claims of any kind; 
 (10) any sale or other disposition of damaged, worn-out or
obsolete assets in the ordinary course of business (including the assignment, cancellation or abandonment or other disposition of intellectual property that is, in the reasonable judgment of the Company, no longer economically practicable to
maintain or useful in any material respect in the conduct of the business of the Company and its Restricted Subsidiaries taken as whole); and 

(11) any Production Payments; provided that all such Production Payments (other than 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) shall have been created, incurred, issued, assumed or guaranteed no
later than 60 days after the acquisition of, the properties that are subject thereto. 
 “Bankruptcy Law” means Title 11,
United States Code, as may be amended from time to time, or any similar federal or state law for the relief of debtors. 

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

“Board of Directors” means: 

(1) with respect to a corporation, the board of directors of the corporation or any committee thereof duly authorized to act on
behalf of such board; 
 (2) with respect to a partnership, the Board of Directors of the general partner of the partnership;

 (3) with respect to a limited liability company, the Board of Directors of the managing member, if the managing member is
an entity, or the managing member or members or any controlling committee of managing members thereof, if the managing members are individuals; and 

  
 7 

 (4) with respect to any other Person, the board or committee of such Person
serving a similar function. 
 “Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant
Secretary of the applicable Person to have been duly adopted by the Board of Directors of such Person and to be in full force and effect on the date of such certification, and delivered to the Trustee. 

“Business Day” means each day that is not a Saturday, Sunday or other day on which banking institutions in Chicago, Illinois,
Denver, Colorado or New York, New York or another place of payment are authorized or required by law, regulation or executive order to close. 

“Capital Lease Obligation” means, at the time any determination is to be made, the amount of the liability in respect of a
capital lease that would at that time be required to be capitalized on a balance sheet in accordance with GAAP, and the Stated Maturity thereof shall be the date of the last payment of rent or any other amount due under such lease prior to the first
date upon which such lease may be prepaid by the lessee without payment of a penalty. Notwithstanding the foregoing, any lease existing on the Issue Date or entered into thereafter that would have been classified as an operating lease pursuant to
GAAP as in effect on the Issue Date (excluding the future phase-in of the effectiveness of any amendments to GAAP that have been adopted as of the Issue Date) will be deemed not to be a capital lease or a
financing lease. 
 “Capital Markets Indebtedness” means any Indebtedness incurred in or under (i) any registered
offering of debt securities under the Securities Act or (ii) any private placement of debt securities (including under Rule 144A of the Securities Act) pursuant to an exemption from the registration requirements of the Securities Act. 

“Capital Stock” means: 

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

(2) in the case of an association or business entity, any and all shares, interests, participations, rights or other
equivalents (however designated) of corporate stock; 
 (3) in the case of a partnership or limited liability company,
partnership or membership interests (whether general or limited); and 
 (4) 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, but excluding from all of the foregoing Convertible Securities regardless of whether such Convertible Securities include any
right of participation with Capital Stock. 

  
 8 

 “Cash Equivalents” means: 

(1) U.S. dollars; 

(2) securities issued or directly and fully guaranteed or insured by the U.S. government or any agency or instrumentality of
the U.S. government (provided that the full faith and credit of the United States is pledged in support of those securities) having maturities of not more than one year from the date of acquisition; 

(3) certificates of deposit and eurodollar time deposits with maturities of one year or less from the date of acquisition,
bankers’ acceptances with maturities not exceeding one year and overnight bank deposits, in each case, with any lender party to the Credit Agreement or with any domestic commercial bank; 

(4) repurchase obligations with a term of not more than seven days for underlying securities of the types described in clauses
(2) and (3) above entered into with any financial institution meeting the qualifications specified in clause (3) above; 

(5) commercial paper having one of the two highest ratings obtainable from Moody’s or S&P and in each case maturing
within one year after the date of acquisition; 
 (6) money market funds the assets of which primarily constitute Cash
Equivalents of the kinds described in clauses (1) through (5) of this definition; and 
 (7) repurchase obligations with
a term of not more than seven days for underlying securities of the types described in clause (1) above entered into with any financial institution meeting the qualifications specified in clause (3) above. 

“Change of Control Triggering Event” means the occurrence of any of the following: 

(1) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or
consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets (including Capital Stock of the Restricted Subsidiaries) of the Company and its Restricted Subsidiaries taken as a whole, to any
“person” or “group” (as such terms are used in Section 13(d)(3) of the Exchange Act), which occurrence is followed by a Rating Decline within 60 days thereof; 

(2) the adoption of a plan relating to the liquidation or dissolution of the Company; 

(3) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is
that any “person” or “group” (as such terms are used in Section 13(d)(3) of the Exchange Act) becomes the Beneficial Owner, directly or indirectly, of more than 50% of the Voting Stock of the Company, measured by voting
power rather than number of shares, which occurrence is followed by a Rating Decline within 60 days thereof; or 

  
 9 

 (4) the occurrence of a “change of control” as defined under the
indenture governing the Existing Senior Notes, which occurrence is followed by a Rating Decline within 60 days thereof. 
 Notwithstanding the foregoing, a
transaction will not be deemed to involve a change of control if (x) the Company becomes a direct or indirect wholly owned Subsidiary of a holding company and (y)(i) the direct or indirect holders of the Voting Stock of such holding company
immediately following that transaction are substantially the same as the holders of the Company’s Voting Stock immediately prior to that transaction or (ii) immediately following that transaction, no Person (other than a holding company
satisfying the requirements of this sentence) is the Beneficial Owner, directly or indirectly, of more than 50% of the Voting Stock of such holding company. 

For purposes of clause (3) of this definition, a Person shall not be deemed to beneficially own securities that are the subject of a stock purchase
agreement, merger agreement or similar agreement until consummation of the transactions or, as applicable, series of related transactions contemplated thereby. 

“Commission” means the Securities and Exchange Commission. 

“Consolidated Cash Flow” means, with respect to any specified Person for any period, the Consolidated Net Income of such
Person for such period plus, without duplication: 
 (1) an amount equal to any extraordinary loss plus any net
loss realized by such Person or any of its Restricted Subsidiaries in connection with an Asset Sale, to the extent such losses were deducted in computing such Consolidated Net Income; plus 

(2) provision for taxes based on income or profits of such Person and its Restricted Subsidiaries for such period, to the
extent that such provision for taxes was deducted in computing such Consolidated Net Income; plus 
 (3) consolidated
interest expense of such Person and its Restricted Subsidiaries for such period, whether paid or accrued and whether or not capitalized (excluding any interest attributable to Dollar-Denominated Production Payments and any non-cash interest on any convertible or exchangeable notes that exists by virtue of the bifurcation of the debt and equity components of such convertible or exchangeable notes in accordance with GAAP, but including,
without limitation, amortization of debt issuance costs and original issue discount, non-cash interest payments (other than as provided above), the interest component of any deferred payment obligations, the
interest component of all payments associated with Capital Lease Obligations, commissions, discounts and other fees and charges incurred in respect of letter of credit or bankers’ acceptance financings), and net of the effect of all payments
made or received pursuant to Hedging Obligations, to the extent that any such expense was deducted in computing such Consolidated Net Income; plus 

  
 10 

 (4) depreciation, depletion and amortization (including amortization of
intangibles but excluding amortization of prepaid cash expenses that were paid in a prior period), impairment and other non-cash expenses (excluding any such non-cash
expense to the extent that it represents an accrual of or reserve for cash expenses in any future period or amortization of a prepaid cash expense that was paid in a prior period) of such Person and its Restricted Subsidiaries for such period to the
extent that such depreciation, depletion and amortization, impairment and other non-cash expenses were deducted in computing such Consolidated Net Income; plus 

(5) unrealized non-cash losses resulting from foreign currency balance sheet
adjustments required by GAAP to the extent such losses were deducted in computing such Consolidated Net Income; minus 

(6) non-cash items increasing such Consolidated Net Income for such period, other than
items that were accrued in the ordinary course of business; and minus 
 (7) to the extent included in determining
Consolidated Net Income, the sum of (x) the amount of deferred revenues that are amortized during such period and are attributable to reserves that are subject to Volumetric Production Payments and (y) amounts recorded in accordance with
GAAP as repayments of principal and interest pursuant to Dollar-Denominated Production Payments, 
 in each case, on a consolidated basis and determined in
accordance with GAAP. 
 “Consolidated Net Income” means, with respect to any specified Person for any period, the
aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that: 

(1) the Net Income (but not loss) of any Person that is not a Restricted Subsidiary or that is accounted for by the equity
method of accounting will be included, but only to the extent of the amount of dividends or distributions paid in cash to the specified Person or a Restricted Subsidiary of the Person; 

(2) the Net Income of any Restricted Subsidiary will be excluded to the extent that the declaration or payment of dividends or
similar distributions by that Restricted Subsidiary of that Net Income is not at the date of determination permitted without any prior governmental approval (that has not been obtained) or, directly or indirectly, by operation of the terms of its
charter or any instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Restricted Subsidiary or its stockholders, partners or members; 

(3) the cumulative effect of a change in accounting principles will be excluded; 

(4) income resulting from transfers of assets (other than cash) between the Company or any of its Restricted Subsidiaries, on
the one hand, and an Unrestricted Subsidiary, on the other hand, will be excluded; 
 (5) any write-downs of non-current assets will be excluded; provided that any ceiling limitation write-downs under Commission guidelines shall be treated as capitalized costs, as if such write-downs had not occurred; and 

  
 11 

 (6) any unrealized non-cash gains or
losses or charges in respect of hedge or non-hedge derivatives (including those resulting from the application of FASB Accounting Standards Codification Topic 815) will be excluded. 

In addition, notwithstanding the preceding, for the purposes of Section 4.07 of this Fifth Supplemental Indenture only, there shall be excluded from
Consolidated Net Income any nonrecurring charges relating to any premium or penalty paid, write off of deferred finance costs or other charges in connection with redeeming or retiring any Indebtedness prior to its Stated Maturity. 

“Convertible Securities” means debt securities of the Company of any of its Restricted Subsidiaries that are convertible or
exchangeable for Equity Interests of the Company (including the Existing Convertible Notes). 
 “Corporate Trust Office”
means the office of the Trustee at which at any particular time its corporate trust business in Chicago, Illinois shall be principally administered, which office as of the date of this instrument is located at 2 North LaSalle Street, Suite 1020,
Chicago, IL 60602, except that with respect to presentation of Notes for payment or for registration of transfer or exchange, such term shall mean the office or agency of the Trustee at which at any particular time its corporate agency business
shall be conducted, which office at the date of this instrument is located at 101 Barclay Street, New York, New York 10286; Attention: Corporate Trust Division—Corporate Finance Unit, or, in the case of any of such offices or agency, such other
address as the Trustee may designate from time to time by notice to the Holders and the Company. 
 “Credit Agreement”
means that certain Sixth Amended and Restated Credit Agreement, dated as of August 27, 2014, as amended, among WOGC, the Company, the other guarantors named therein, JPMorgan Chase Bank, N.A., as administrative agent, the other financial
institutions and lenders parties thereto from time to time, providing for revolving credit borrowings, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as
amended, modified, supplemented, restated, refinanced, renewed, refunded, replaced (whether at maturity, upon early repayment and termination or thereafter) in whole or in part from time to time including by or pursuant to one or more agreements or
indentures, or by means of issuance of debt securities to institutional investors, including any agreement or indenture that extends the maturity of any Indebtedness thereunder, or increases the amount of available borrowings thereunder (provided
that any increase in amounts drawn is otherwise permitted under Section 4.09 of this Fifth Supplemental Indenture), or adds or changes the borrower or guarantor and whether by the same or any other agent, lender, group of lenders,
purchasers or debt holders. 
 “Credit Facilities” means one or more debt facilities (including, without limitation, the
Credit Agreement), indentures, commercial paper facilities or capital markets financings, in each case with banks or other institutional lenders or institutional investors 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, restated, modified,
renewed, refunded, replaced or refinanced (including refinancing with any capital markets 

  
 12 

 
transaction or by means of sales of debt securities) in whole or in part from time to time (and whether or not with the original administrative agent, lenders or trustee or another administrative
agent or agents, other lenders or another trustee and whether provided under the original Credit Agreement or any other credit or other agreement or indenture). 

“Custodian” means any receiver, trustee, assignee, liquidator, sequestrator or similar official under any Bankruptcy Law.

 “Default” means any event that is, or with the passage of time or the giving of notice or both would be, an Event of
Default. 
 “Designated Non-cash Consideration” means the fair market value of non-cash consideration received by the Company or a Restricted Subsidiary in connection with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant
to an Officers’ Certificate, setting forth the basis of such valuation, less the amount of cash or Cash Equivalents received in connection with a subsequent sale of or collection on such Designated
Non-cash Consideration. 
 “Disqualified Stock” means any Capital Stock that, by
its terms (or by the terms of any security into which it is convertible, or for which it is exchangeable, in each case at the option of the holder of the Capital Stock), or upon the happening of any event, matures or is mandatorily redeemable,
pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the holder of the Capital Stock, in whole or in part, on or prior to the date that is 91 days after the date on which the Notes mature. Notwithstanding the preceding
sentence, any Capital Stock that would constitute Disqualified Stock solely because the holders of the Capital Stock have the right to require the Company to repurchase or redeem such Capital Stock upon the occurrence of a change of control or an
asset sale will not constitute Disqualified Stock if the terms of such Capital Stock provide that the Company may not repurchase or redeem any such Capital Stock pursuant to such provisions unless such repurchase or redemption complies with
Section 4.07 of this Fifth Supplemental Indenture. 
 “Dollar-Denominated Production Payments” means production
payment obligations recorded as liabilities in accordance with GAAP, together with all undertakings and obligations in connection therewith. 

“Domestic Subsidiary” means any Restricted Subsidiary of the Company other than a Foreign Subsidiary. 

“Equity Interests” means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any
debt security that is convertible into, or exchangeable for, Capital Stock). 
 “Exchange Act” means the Securities
Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder. 
 “Exchange
Notes” means notes issued in a registered exchange offer pursuant to the Registration Rights Agreement. 

  
 13 

 “Existing Convertible Notes” means the 1.25% convertible senior notes of the
Company due April 2020, which are convertible into common stock of the Company and/or cash based on the value of such common stock and were offered in an offering which closed in March 2015. 

“Existing Indebtedness” means the aggregate principal amount of Indebtedness of the Company and its Restricted Subsidiaries
(including the Existing Senior Notes and the Existing Convertible Notes but excluding any Indebtedness under the Credit Agreement which is considered incurred under clause (1) of the second paragraph of Section 4.09) in each case, in
existence on the Issue Date, until such amounts are repaid. 
 “Existing Senior Notes” means, collectively, the
$1.1 billion original aggregate principal amount 5% Senior Notes due 2019, the $1.2 billion original aggregate principal amount 5.75% Senior Notes due 2021, and the $750 million original aggregate principal amount 6.25% Senior Notes
due 2023, each issued by the Company. 
 “Fixed Charge Coverage Ratio” means with respect to any specified Person for any
four-quarter reference period, the ratio of the Consolidated Cash Flow of such Person for such period to the Fixed Charges of such Person for such period. In the event that the specified Person or any of its Restricted Subsidiaries incurs, assumes,
guarantees, repays, repurchases or redeems any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or redeems preferred stock subsequent to the commencement of the applicable four-quarter reference period and on or
prior to the date on which the event for which the calculation of the Fixed Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio will be calculated giving pro forma effect to such incurrence,
assumption, guarantee, repayment, repurchase or redemption of Indebtedness, or such issuance, repurchase or redemption of preferred stock, and the use of the proceeds therefrom as if the same had occurred at the beginning of such period. 

In addition, for purposes of calculating the Fixed Charge Coverage Ratio: 

(1) acquisitions that have been made by the specified Person or any of its Restricted Subsidiaries, including through mergers
or consolidations and including any related financing transactions, subsequent to the commencement of the applicable four-quarter reference period and on or prior to the Calculation Date will be given pro forma effect as if they had occurred on the
first day of such period, including any Consolidated Cash Flow and any pro forma expense and cost reductions that have occurred or are reasonably expected to occur, in the reasonable judgment of the chief financial or accounting officer of the
Company (regardless of whether those cost savings or operating improvements could then be reflected in pro forma financial statements in accordance with Regulation S-X promulgated under the Securities Act or
any other regulation or policy of the Commission related thereto); 
 (2) the Consolidated Cash Flow attributable to
discontinued operations, as determined in accordance with GAAP, and operations or businesses disposed of prior to the Calculation Date, will be excluded; and 

  
 14 

 (3) the Fixed Charges attributable to discontinued operations, as determined in
accordance with GAAP, and operations or businesses disposed of prior to the Calculation Date, will be excluded, but only to the extent that the obligations giving rise to such Fixed Charges will not be obligations of the specified Person or any of
its Restricted Subsidiaries following the Calculation Date. 
 “Fixed Charges” means, with respect to any specified Person
for any period, the sum, without duplication, of: 
 (1) the consolidated interest expense of such Person and its Restricted
Subsidiaries for such period, whether paid or accrued (excluding any interest attributable to Dollar-Denominated Production Payments and any non-cash interest on any convertible or exchangeable notes that
exists by virtue of the bifurcation of the debt and equity components of such convertible or exchangeable notes in accordance with GAAP, but including, without limitation, amortization of debt issuance costs and original issue discount, non-cash interest payments (other than as provided above), the interest component of any deferred payment obligations, the interest component of all payments associated with Capital Lease Obligations, commissions,
discounts and other fees and charges incurred in respect of letter of credit or bankers’ acceptance financings), and net of the effect of all payments made or received pursuant to Hedging Obligations; plus 

(2) the consolidated interest expense of such Person and its Restricted Subsidiaries that was capitalized during such period;
plus 
 (3) any interest expense on Indebtedness of another Person that is guaranteed by such Person or one of its
Restricted Subsidiaries or secured by a Lien on assets of such Person or one of its Restricted Subsidiaries, whether or not such guarantee or Lien is called upon; plus 

(4) all dividends, whether paid or accrued and whether or not in cash, on any series of preferred stock of such Person or any
of its Restricted Subsidiaries, other than dividends on Equity Interests payable solely in Equity Interests of the Company (other than Disqualified Stock) or to the Company or a Restricted Subsidiary of the Company, 

in each case, on a consolidated basis and in accordance with GAAP. 

“Foreign Subsidiary” means any Restricted Subsidiary of the Company that was not formed under the laws of the United States
or any state of the United States or the District of Columbia. 
 “Fifth Supplemental Indenture” means this Fifth
Supplemental Indenture, dated as of the Issue Date, among the Company, the Guarantors named on the signature pages hereto and the Trustee relating to the Notes, as it may be amended from time to time in accordance with this Indenture. 

“GAAP” means generally accepted accounting principles in the United States, which are in effect on the Issue Date. 

  
 15 

 “Global Security” means a Security that evidences all or part of the Securities
of any series and bears the legend set forth in Section 205 of the Original Indenture. 
 “Government Securities”
means direct obligations of, or obligations guaranteed by, the United States of America for the payment of which guarantee or obligations the full faith and credit of the United States is pledged. 

“guarantee” means a guarantee other than by endorsement of negotiable instruments for collection in the ordinary course of
business, direct or indirect, in any manner including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement agreements in respect thereof, of all or any part of any Indebtedness. When used as a verb,
“guarantee” has a correlative meaning. 
 “Guarantors” means each of (1) WOGC, Whiting US Holding Company, a
Delaware corporation, Whiting Canadian Holding Company ULC, a British Columbia unlimited liability company, and Whiting Resources Corporation, a Colorado corporation, (2) any other Restricted Subsidiary of the Company that becomes a Guarantor
in accordance with Section 4.13 or 10.03 of this Fifth Supplemental Indenture, and (3) each of the respective successors and assigns of such Restricted Subsidiaries, as required under Article 10 of this Fifth Supplemental Indenture, in
each case until such time as any such Restricted Subsidiary shall be released and relieved of its obligations pursuant to Section 8.02, 8.03 or 10.04 of this Fifth Supplemental Indenture. 

“Hedging Obligations” means, with respect to any specified Person, the obligations of such Person incurred in the normal
course of business and consistent with past practices and not for speculative purposes under: 
 (1) interest rate swap
agreements, interest rate cap agreements and interest rate collar agreements entered into with one of more financial institutions and designed to protect the Person or any of its Restricted Subsidiaries entering into the agreement against
fluctuations in interest rates with respect to Indebtedness incurred and not for purposes of speculation; 
 (2) foreign
exchange contracts and currency protection agreements entered into with one of more financial institutions and designed to protect the Person or any of its Restricted Subsidiaries entering into the agreement against fluctuations in currency
exchanges rates with respect to Indebtedness incurred and not for purposes of speculation; 
 (3) any commodity futures
contract, commodity option or other similar agreement or arrangement designed to protect against fluctuations in the price of oil, natural gas or other commodities used, produced, processed or sold by that Person or any of its Restricted
Subsidiaries at the time; and 
 (4) other agreements or arrangements designed to protect such Person or any of its
Restricted Subsidiaries against fluctuations in interest rates, commodity prices or currency exchange rates. 
 “Holder”
means a Person in whose name a Note is registered. 

  
 16 

 “Indebtedness” means, with respect to any specified Person, any indebtedness of
such Person, whether or not contingent: 
 (1) in respect of borrowed money; 

(2) evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement agreements in respect
thereof); 
 (3) in respect of bankers’ acceptances; 

(4) representing Capital Lease Obligations; 

(5) representing the balance deferred and unpaid of the purchase price of any property, except any such balance that
constitutes an accrued expense or trade payable; or 
 (6) representing any Hedging Obligations, 

if and to the extent any of the preceding items (other than letters of credit and Hedging Obligations) would appear as a liability upon a balance sheet of the
specified Person prepared in accordance with GAAP. In addition, the term “Indebtedness” includes all Indebtedness of others secured by a Lien on any asset of the specified Person (whether or not such Indebtedness is assumed by the
specified Person) and, to the extent not otherwise included, the guarantee by the specified Person of any Indebtedness of any other Person (including, with respect to any Production Payment, any warranties or guarantees of production or payment by
such Person with respect to such Production Payment, but excluding other contractual obligations of such Person with respect to such Production Payment). Subject to the preceding sentence, neither Dollar-Denominated Production Payments nor
Volumetric Production Payments shall be deemed to be Indebtedness. Notwithstanding the foregoing, “Indebtedness” shall exclude indebtedness that has been defeased, satisfied and discharged, repaid, retired, repurchased or redeemed in
accordance with its terms and, to the extent such defeasance, satisfaction and discharge, repayment, retirement, repurchase or redemption constitutes a Restricted Payment, in accordance with the provisions of Section 4.07 of this Fifth
Supplemental Indenture. 
 The amount of any Indebtedness outstanding as of any date will be: 

(1) the accreted value of the Indebtedness, in the case of any Indebtedness issued with original issue discount; 

(2) in the case of any Hedging Obligation, the termination value of the agreement or arrangement giving rise to such Hedging
Obligation that would be payable by such Person at such date; and 
 (3) the principal amount of the Indebtedness, together
with any interest on the Indebtedness that is more than 30 days past due, in the case of any other Indebtedness. 
 “Initial
Notes” means the 6.625% Senior Notes due 2026 of the Company issued on the Issue Date, together with all other Notes issued upon registration of transfer of, or in exchange for, such Notes. 

  
 17 

 “Investment Grade Rating” means a rating equal to or higher than
“Baa3” or the equivalent) by Moody’s and “BBB-” (or the equivalent) by S&P. 

“Investments” means, with respect to any Person, all direct or indirect investments by such Person in other Persons
(including Affiliates) in the forms of loans (including guarantees or other obligations), advances or capital contributions (excluding commission, travel and similar advances to officers and employees made in the ordinary course of business),
purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other securities, together with all items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP. If the Company or
any Restricted Subsidiary of the Company sells or otherwise disposes of any Equity Interests of any direct or indirect Restricted Subsidiary of the Company such that, after giving effect to any such sale or disposition, such Person is no longer a
Restricted Subsidiary of the Company, the Company will be deemed to have made an Investment on the date of any such sale or disposition in an amount equal to the fair market value of the Equity Interests of such Restricted Subsidiary not sold or
disposed of in an amount determined as provided in the final paragraph of Section 4.07 of this Fifth Supplemental Indenture. The acquisition by the Company or any Subsidiary of the Company of a Person that holds an Investment in a third Person
will be deemed to be an Investment made by the Company or such Subsidiary in such third Person in an amount equal to the fair market value of the Investment held by the acquired Person in such third Person on the date of any such acquisition in an
amount determined as provided in the final paragraph of Section 4.07 of this Fifth Supplemental Indenture. 
 “Issue
Date” means December 27, 2017. 
 “Lien” means, with respect to any asset, any mortgage, lien, pledge,
charge, security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under Applicable Law, including any conditional sale or other title retention agreement, any lease in the nature
thereof, any option or other agreement to sell or give a security interest in and any valid and effective filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction other
than a precautionary financing statement not intended as a security agreement. 
 “Material Change” means an increase or
decrease (excluding changes that result solely from changes in prices and changes resulting from the incurrence of previously estimated future development costs) of more than 25% during a fiscal quarter in the discounted future net revenues from
proved crude oil and natural gas reserves of the Company and its Restricted Subsidiaries, calculated in accordance with clause (1)(a) of the definition of ACNTA; provided, however, that the following will be excluded from the calculation of
Material Change: 
 (1) any acquisitions during the fiscal quarter of oil and gas reserves that have been estimated by
independent petroleum engineers and with respect to which a report or reports of such engineers exist; and 
 (2) any
disposition of oil and gas properties existing at the beginning of such fiscal quarter that have been disposed of in compliance with Section 4.10 of this Fifth Supplemental Indenture. 

  
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 “Material Domestic Subsidiary” means any wholly-owned Domestic Subsidiary that
is not a Guarantor at the time of determination and that at such time together with its Subsidiaries holds assets in excess of 5.0% of the consolidated assets of the Company and its Restricted Subsidiaries, in each case based upon the most recent
quarterly financial statements available to the Company, but excluding the value of the Equity Interests of all of its Domestic Subsidiaries and intercompany debt owed to such Domestic Subsidiary from any other Domestic Subsidiary or the Company.

 “Moody’s” means Moody’s Investors Service, Inc. or any successor to the rating agency business thereof. 

“Net Cash Proceeds,” with respect to any issuance or sale of Capital Stock, means the cash proceeds of such issuance or sale,
net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, listing fees, discounts or commissions and brokerage, consultant and other fees and charges actually incurred in connection with such issuance or
sale and net of taxes paid or payable as a result of such issuance or sale (after taking into account any available tax credit or deductions and any tax sharing arrangements). 

“Net Income” means, with respect to any specified Person, the net income (loss) of such Person, determined in accordance with
GAAP and before any reduction in respect of preferred stock dividends, excluding, however: 
 (1) any gain (but not loss),
together with any related provision for taxes on such gain (but not loss), realized in connection with: (a) any Asset Sale; or (b) the disposition of any securities by such Person or any of its Subsidiaries or the extinguishment of any
Indebtedness of such Person or any of its Subsidiaries; and 
 (2) any extraordinary gain (but not loss), together with any
related provision for taxes on such extraordinary gain (but not loss). 
 “Net Proceeds” means the aggregate cash proceeds
and Cash Equivalents received by the Company or any of its Restricted Subsidiaries in respect of any Asset Sale (including, without limitation, any cash or Cash Equivalents received upon the sale or other disposition of any non-cash consideration received in any Asset Sale), net of: 
 (1) the direct costs
relating to such Asset Sale, including, without limitation, legal, accounting and investment banking fees, and sales commissions, and any relocation expenses incurred as a result of the Asset Sale, 

(2) taxes paid or payable as a result of the Asset Sale, in each case, after taking into account any available tax credits or
deductions and any tax sharing arrangements, 
 (3) amounts required to be applied to the repayment of Indebtedness, other
than under the Credit Facilities, secured by a Lien on the properties or assets that were the subject of such Asset Sale, and 

  
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 (4) any reserve for adjustment in respect of the sale price of such properties or
assets established in accordance with GAAP. 
 “Net Working Capital” means: 

(1) all current assets of the Company and its Restricted Subsidiaries, minus 

(2) all current liabilities of the Company and its Restricted Subsidiaries, except current liabilities included in
Indebtedness; 
 in each case, on a consolidated basis and determined in accordance with GAAP. 

“Non-Guarantor Subsidiary” means any Restricted Subsidiary of the Company that is not
a Guarantor. 
 “Non-Recourse Debt” means Indebtedness: 

(1) as to which neither the Company nor any of its Restricted Subsidiaries (a) provides credit support of any kind
(including any undertaking, agreement or instrument that would constitute Indebtedness) or (b) is directly or indirectly liable as a guarantor or otherwise; 

(2) no default with respect to which (including any rights that the holders of the Indebtedness may have to take enforcement
action against an Unrestricted Subsidiary) would permit upon notice, lapse of time or both any holder of any other Indebtedness (other than the Notes) of the Company or any of its Restricted Subsidiaries to declare a default on such other
Indebtedness or cause the payment of the Indebtedness to be accelerated or payable prior to its Stated Maturity; and 
 (3)
the explicit terms of which provide there is no recourse to the stock or assets of the Company or any of its Restricted Subsidiaries, except solely in circumstances customarily excluded by lenders from exculpation provisions and/or included in
separate guaranty or indemnification agreements in non-recourse financings. 

“Notes” means the Initial Notes and the Additional Notes, treated as a single class. 

“Obligations” means any principal, premium, if any, interest (including interest accruing on or after the filing of any
petition in bankruptcy or for reorganization, whether or not a claim for post-filing interest is allowed in such proceeding), penalties, fees, charges, expenses, indemnifications, reimbursement obligations, damages, guarantees, and other liabilities
or amounts payable under the documentation governing any Indebtedness or in respect thereto. 
 “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, any Assistant Secretary or
any Vice President of such Person. 

  
 20 

 “Officers’ Certificate” means a certificate signed on behalf of the Company
by two Officers of the Company, one of whom must be the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Company, that meets the requirements of Section 102 of the Original
Indenture. 
 “Oil and Gas Business” means: 

(1) the acquisition, exploration, development, operation and disposition of interests in minerals, oil, natural gas and other
hydrocarbon properties; 
 (2) the gathering, marketing, treating, processing (but not refining), storage, selling and
transporting of any production from those interests; and 
 (3) any activity necessary, appropriate or incidental to the
activities described above. 
 “Opinion of Counsel” means an opinion from legal counsel who is reasonably acceptable to the
Trustee, that meets the requirements of Section 102 of the Original Indenture. The counsel may be an employee of or counsel to the Company, any Subsidiary of the Company or the Trustee. 

The term “outstanding,” when used with respect to the Notes, has the meaning provided in Section 2.03 of this Fifth
Supplemental Indenture. 
 “Pari Passu Indebtedness” means Indebtedness that ranks equally in right of payment to the
Notes, in the case of the Company, or the Subsidiary Guarantees, in the case of any Guarantor (without giving effect to collateral arrangements). 

“Paying Agent” means any Person authorized by the Company to pay the principal of or any premium or interest on any
Securities on behalf of the Company. 
 “Permitted Business Investments” means Investments made in the ordinary course of,
and of a nature that is or shall have become customary in, the Oil and Gas Business, including through agreements, transactions, interests or arrangements that permit one to share risk or costs, comply with regulatory requirements regarding local
ownership or satisfy other objectives customarily achieved through the conduct of the Oil and Gas Business jointly with third parties, including without limitation: 

(1) direct or indirect ownership of crude oil, natural gas, other related hydrocarbon and mineral properties or any interest
therein or gathering, transportation, processing, storage or related systems; and 
 (2) the entry into operating agreements,
joint ventures, processing agreements, working interests, royalty interests, mineral leases, farm-in agreements, farm-out agreements, development agreements, production
sharing agreements, area of mutual interest agreements, contracts for the sale, transportation or exchange of crude oil and natural gas and related hydrocarbons and minerals, unitization agreements, pooling arrangements, joint bidding agreements,
service contracts, partnership agreements 

  
 21 

 
(whether general or limited), or other similar or customary agreements, transactions, properties, interests or arrangements and Investments and expenditures in connection therewith or pursuant
thereto, in each case made or entered into in the ordinary course of the Oil and Gas Business. 
 “Permitted Investments”
means: 
 (1) any Investment in the Company or in a Restricted Subsidiary of the Company; 

(2) any Investment in Cash Equivalents; 

(3) any Investment by the Company or any Restricted Subsidiary of the Company in a Person, if as a result of such Investment:

 (a) such Person becomes a Restricted Subsidiary of the Company; or 

(b) such Person is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of its
properties or assets to, or is liquidated into, the Company or a Restricted Subsidiary of the Company; 
 (4) any Investment
made as a result of the receipt of non-cash consideration from an Asset Sale that was made pursuant to and in compliance with Section 4.10 of this Fifth Supplemental Indenture; 

(5) any Investment in any Person solely in exchange for the issuance of Equity Interests (other than Disqualified Stock) of the
Company; 
 (6) any Investments received in compromise of obligations of trade creditors or customers that were incurred in
the ordinary course of business, including pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor or customer, or as a result of foreclosure by the Company or any of its Restricted
Subsidiaries with respect to any secured Investment in default; 
 (7) Hedging Obligations permitted to be incurred under
Section 4.09 of this Fifth Supplemental Indenture; 
 (8) Permitted Business Investments; 

(9) Investments of a Restricted Subsidiary of the Company acquired after the Issue Date or of an entity merged or consolidated
with or into the Company or such Restricted Subsidiary in a transaction that is not prohibited by Section 5.01 of this Fifth Supplemental Indenture after the Issue Date to the extent that such Investments were not made in contemplation of such
acquisition, merger or consolidation and were in existence on the date of such acquisition, merger or consolidation; 

  
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 (10) receivables owing to the Company or any Restricted Subsidiary created or
acquired in the ordinary course of business and payable or dischargeable in accordance with customary trade terms; provided, however, that such trade terms may include such concessionary trade terms as the Company or any such
Restricted Subsidiary deems reasonable under the circumstances; 
 (11) payroll, commission, travel, relocation and similar
advances to cover matters that are expected at the time of such advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of business; 

(12) loans or advances to directors, officers, employees or consultants of the Company or any Restricted Subsidiary of the
Company, made in the ordinary course of business consistent with past practices, and as permitted by Section 402 of the Sarbanes-Oxley Act of 2002, the proceeds of which are used to purchase Capital Stock of the Company, or to refinance loans
or advances made pursuant to this clause (12), in an aggregate principal amount not in excess of $4.0 million at any one time outstanding; 

(13) Investments in any Person to the extent such Investments consist of prepaid expenses, negotiable instruments held for
collection and lease, utility and workers’ compensation, performance and other similar deposits made in the ordinary course of business by the Company or any Restricted Subsidiary; 

(14) guarantees of performance or other obligations (other than Indebtedness) arising in the ordinary course in the Oil and Gas
Business, including obligations under oil and natural gas exploration, development, joint operating, and related agreements and licenses, concessions or operating leases related to the Oil and Gas Business; 

(15) Investments in the Notes as contemplated by the provisions in Section 3.02 of this Fifth Supplemental Indenture or by
tender offer, open market purchase, negotiated transaction or otherwise in accordance with applicable securities laws; 

(16) Investments in existence on the Issue Date; and 

(17) other Investments in any Person having an aggregate fair market value (measured on the date each such Investment was made
and without giving effect to subsequent changes in value), when taken together with all other Investments made pursuant to this clause (17) that are at the time outstanding, not to exceed the greater of (a) $250.0 million and (b) 2.5% of
ACNTA. 
 “Permitted Liens” means: 

(1) Liens securing any Indebtedness under any Credit Facility; 

(2) Liens in favor of the Company or the Guarantors; 

(3) Liens on property of a Person existing at the time such Person is merged with or into or consolidated with the Company or
any Restricted Subsidiary of the Company; provided that such Liens were in existence prior to the contemplation of such merger or consolidation and do not extend to any assets other than those of the Person merged into or consolidated with
the Company or the Restricted Subsidiary; 

  
 23 

 (4) Liens on property (including Capital Stock) existing at the time of
acquisition of the property by the Company or any Restricted Subsidiary of the Company; provided that such Liens were in existence prior to the contemplation of such acquisition; 

(5) Liens securing Indebtedness (including Capital Lease Obligations) incurred in connection with the acquisition by the
Company or any Restricted Subsidiary of assets used in the Oil and Gas Business (including the office buildings and other real property used by the Company or such Restricted Subsidiary in conducting its operations); provided that
(i) such Liens attach only to the assets acquired with the proceeds of such Indebtedness, and (ii) such Indebtedness is not in excess of the purchase price of such fixed assets; 

(6) Liens existing on the Issue Date (other than under the Credit Agreement); 

(7) Liens securing Hedging Obligations of the Company or any of its Restricted Subsidiaries; 

(8) any Lien incurred in the ordinary course of business incidental to the conduct of the business of the Company or its
Restricted Subsidiaries or the ownership of their property (including (a) easements, rights of way and similar encumbrances, (b) rights or title of lessors under leases (other than Capital Lease Obligations), (c) rights of collecting banks
having rights of setoff, revocation, refund or chargeback with respect to money or instruments of the Company or the Restricted Subsidiaries on deposit with or in the possession of such banks, (d) Liens imposed by law, including Liens under
workers’ compensation or similar legislation and mechanics’, carriers’, warehousemen’s, materialmen’s, suppliers’ and vendors’ Liens, (e) Liens incurred to secure performance of obligations with respect to
statutory or regulatory requirements, performance or return-of-money bonds, surety bonds or other obligations of a like nature and incurred in a manner consistent with
industry practice, or (f) operators Liens under joint operating agreements or similar customary agreements in the Oil and Gas Business); 

(9) Liens securing all outstanding Notes and the Subsidiary Guarantees thereof; 

(10) Liens securing Indebtedness incurred to refinance Indebtedness incurred under clauses (3), (4) or (5) that was
previously so secured; provided that any such Lien is limited to all or part of the same property or assets (plus improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured (or, under the written
arrangements under which the original Lien arose, could secure) the Indebtedness being refinanced or is in respect of property that is the security for a Permitted Lien hereunder; 

  
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 (11) Liens incurred in the ordinary course of business of the Company or any
Restricted Subsidiary of the Company with respect to obligations that do not exceed, at the time of incurrence of such Lien, the greater of (a) $250.0 million and (b) 2.5% of ACNTA at any one time outstanding; and 

(12) Liens on Cash Equivalents or other property arising in connection with the defeasance, discharge or redemption of
Indebtedness. 
 “Permitted Refinancing Indebtedness” means any Indebtedness of the Company or any of its Restricted
Subsidiaries issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund other Indebtedness of the Company or any of its Restricted Subsidiaries (other than intercompany Indebtedness);
provided that: 
 (1) the principal amount (or accreted value, if applicable) of such Permitted Refinancing
Indebtedness does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded (plus all accrued interest on the Indebtedness and the amount of all
expenses and premiums incurred in connection therewith); 
 (2) such Permitted Refinancing Indebtedness has a final maturity
date later than the final maturity date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded; 

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

 Notwithstanding the preceding, any Indebtedness incurred under Credit Facilities pursuant to Section 4.09 of this Fifth Supplemental Indenture shall
be subject only to the refinancing provision in the definition of Credit Facilities and not pursuant to the requirements set forth in the definition of Permitted Refinancing Indebtedness. 

“Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust,
unincorporated organization, limited liability company or government or other entity. 
 “Production Payments” means,
collectively, Dollar-Denominated Production Payments, Volumetric Production Payments and any other grant or transfer by the Company or a Restricted Subsidiary to any Person of a royalty, overriding royalty, net profits interest, partnership or other

  
 25 

 
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 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 or other providers of technical services to the Company or a Restricted Subsidiary. 

“Rating Agency” means each of S&P and Moody’s, or if S&P or Moody’s or both shall not make a rating on the
Notes publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Company (as certified by a Board Resolution) which shall be substituted for S&P or Moody’s, or both, as the case
may be. 
 “Rating Decline” means the occurrence of a decrease of one or more gradations (including gradations within
rating categories as well as between rating categories) in the rating of the Notes by either Rating Agency. 
 “Redemption
Date,” when used with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant to this Fifth Supplemental Indenture. 

“Registration Rights Agreement” means that certain Registration Rights Agreement dated as of the Issue Date by and among the
Company, the Guarantors and the initial purchasers set forth therein, and, with respect to any Additional Notes, one or more substantially similar registration rights agreements among the Company and the other parties thereto, as such agreements may
be amended from time to time. 
 “Reporting Failure” means the failure of the Company to file with the Commission and make
available or otherwise deliver to the Trustee and each Holder, within the time periods specified in Section 4.03 of this Fifth Supplemental Indenture (after giving effect to any grace period specified under Rule
12b-25 under the Exchange Act), the periodic reports, information, documents or other reports that the Company may be required to file with the Commission pursuant to such provision. 

“Responsible Officer” means, with respect to the Trustee, any officer assigned to the Corporate Trust Division –
Corporate Finance Unit (or any successor division or unit) of the Trustee located at the Corporate Trust Office of the Trustee having direct responsibility for the administration of this Indenture or to whom any corporate trust matter is referred
because of such person’s knowledge of and familiarity with the particular subject. 
 “Restricted Investment” means an
Investment other than a Permitted Investment. 
 “Restricted Subsidiary” of a Person means any Subsidiary of the referent
Person that is not an Unrestricted Subsidiary. 

  
 26 

 “S&P” refers to Standard & Poor’s Ratings Services, or any
successor to the rating agency business thereof. 
 “Securities Act” means the Securities Act of 1933, as amended. 

“Significant Subsidiary” means any Subsidiary that would be a “significant subsidiary” as defined in Article 1,
Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such Regulation is in effect on the Issue Date. 

“Stated Maturity” means, with respect to any installment of interest or principal on any series of Indebtedness, the date on
which the payment of interest or principal was scheduled to be paid in the original documentation governing such Indebtedness, and will not include any contingent obligations to repay, redeem or repurchase any such interest or principal prior to the
date originally scheduled for the payment thereof. 
 “Subsidiary” means, with respect to any specified Person: 

(1) any corporation, association or other business entity (other than a partnership) of which more than 50% of the total voting
power of Voting Stock is at the time owned or controlled, directly or through another Subsidiary, by that Person or one or more of the other Subsidiaries of that Person (or a combination thereof); and 

(2) any partnership (a) the sole general partner or the managing general partner of which is such Person or a Subsidiary
of such Person or (b) the only general partners of which are that Person or one or more Subsidiaries of that Person (or any combination thereof), but only if such Person and its Subsidiaries are entitled to receive more than 20% of the assets
of such partnership upon its dissolution. 
 “Subsidiary Guarantees” means the joint and several guarantees of the
Company’s payment Obligations under this Indenture and on the Notes issued by the Guarantors pursuant to Article 10 of this Fifth Supplemental Indenture. 

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

“Treasury Rate” means the yield to maturity at the time of computation of the United States Treasury securities with a
constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at least two Business Days prior to the Redemption Date (or, if such Statistical Release is no longer
published, any publicly available source or similar market data)) most nearly equal to the period from the Redemption Date to October 15, 2025; provided, however, that if the period from the Redemption Date to October 15, 2025 is
not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest
one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the Redemption Date to October 15, 2025 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. 

  
 27 

 “Uniform Commercial Code” means the New York Uniform Commercial Code as in
effect from time to time. 
 “Unrestricted Subsidiary” means any Subsidiary of the Company (other than WOGC) that is
designated by the Board of Directors as an Unrestricted Subsidiary pursuant to a Board Resolution, but only to the extent that such Subsidiary: 

(1) has no Indebtedness other than Non-Recourse Debt; 

(2) is not party to any agreement, contract, arrangement or understanding with the Company or any Restricted Subsidiary of the
Company 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; 
 (3) is a Person with respect to which neither the Company nor any of its Restricted Subsidiaries has any direct
or indirect obligation (a) to subscribe for additional Equity Interests or (b) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified levels of operating results; and 

(4) has not guaranteed or otherwise directly or indirectly provided credit support for any Indebtedness of the Company or any
of its Restricted Subsidiaries. 
 Any designation of a Subsidiary of the Company as an Unrestricted Subsidiary will be evidenced to the
Trustee by filing with the Trustee the Board Resolution giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the preceding conditions and was permitted by Section 4.07 of this Fifth
Supplemental Indenture. If, at any time, any Unrestricted Subsidiary would fail to meet the preceding requirements as an Unrestricted Subsidiary, it will thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and any
Indebtedness of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary of the Company as of such date and, if such Indebtedness is not permitted to be incurred as of such date under Section 4.09 of this Fifth Supplemental
Indenture, the Company will be in default of such covenant. 
 “Volumetric Production Payments” means production payment
obligations recorded as deferred revenue in accordance with GAAP, together with all related undertakings and obligations. 
 “Voting
Stock” of any Person as of any date means the Capital Stock of such Person that is at the time entitled (without regard to the occurrence of any contingency) to vote in the election of the Board of Directors of such Person. 

“Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by
dividing: 
 (1) the sum of the products obtained by multiplying (a) the amount of each then remaining installment,
sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect of the Indebtedness, by (b) the number of years (calculated to the nearest
one-twelfth) that will elapse between such date and the making of such payment; by 

  
 28 

 (2) the then outstanding principal amount of such Indebtedness. 

“WOGC” means Whiting Oil and Gas Corporation, a Delaware corporation, and its successors. 

Section 1.02 Other Definitions. 
  

			
	 Term
	  	Defined in Section
	 “Affiliate Transaction”
	  	4.11
	 “Asset Sale Offer”
	  	3.04
	 “Change of Control Offer”
	  	4.15
	 “Change of Control Payment”
	  	4.15
	 “Change of Control Purchase Date”
	  	4.15
	 “Change of Control Settlement Date”
	  	4.15
	 “Company”
	  	Preamble
	 “Covenant Defeasance”
	  	8.03
	 “Discharge”
	  	8.08
	 “Event of Default”
	  	6.01
	 “Excess Proceeds”
	  	4.10
	 “incur”
	  	4.09
	 “Indenture”
	  	Recitations
	 “Legal Defeasance”
	  	8.02
	 “Offer Amount”
	  	3.04
	 “Offer Period”
	  	3.04
	 “Original Indenture”
	  	Preamble
	 “Payment Default”
	  	6.01
	 “Permitted Debt”
	  	4.09
	 “Restricted Payments”
	  	4.07
	 “Securities”
	  	Recitations
	 “Settlement Date”
	  	3.04
	 “Termination Date”
	  	3.04
	 “Trustee”
	  	Preamble

 Section 1.03 Rules of Construction. 

Unless the context otherwise requires, in construing this Fifth Supplemental Indenture: 

(1) a term has the meaning assigned to it herein or, if not assigned herein, then in the Original Indenture; 

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

  
 29 

 (3) “or” is not exclusive; 

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

(5) provisions apply to successive events and transactions; 

(6) references to sections of or rules under the Securities Act or the Exchange Act shall be deemed to include substitute,
replacement or successor sections or rules adopted by the Commission from time to time; and 
 (7) “herein,”
“hereof” and other words of similar import refer to this Fifth Supplemental Indenture as a whole (as amended or supplemented from time to time) and not to any particular Article, Section or other subdivision, and references to specific
Sections, Articles or other subdivisions without contrary reference shall refer to Sections, Articles or subdivisions of this Fifth Supplemental Indenture, as applicable. 

Section 1.04 Incorporation by Reference of Trust Indenture Act. This Fifth Supplemental Indenture is subject to the mandatory provisions of
the TIA which are incorporated by reference in and made a part of this Fifth Supplemental Indenture. The following TIA terms have the following meanings: 

(1) “Commission” means the Commission; 

(2) “indenture securities” means the Notes and the Guarantees; 

(3) “indenture security holder” means a Holder; 

(4) “indenture to be qualified” means this Fifth Supplemental Indenture; 

(5) “indenture trustee” or “institutional trustee” means the Trustee; and 

(6) “obligor” on the indenture securities means the Company, each Guarantor and any other obligor on the indenture
securities. 
 All other Trust Indenture Act terms used in this Fifth Supplemental Indenture that are defined by the Trust Indenture Act, defined by Trust
Indenture Act reference to another statute or defined by Commission rule have the meanings assigned to them by such definitions. 
 ARTICLE 2

 THE NOTES 
 Section 2.01 Creation and
Form. 
 Pursuant to Sections 201 and 301 of the Original Indenture, there is hereby created a new series of Securities designated as the
“6.625% Senior Notes due 2026” (which are herein referred to as the “Notes” for purposes of this Fifth Supplemental Indenture). The Notes shall be subject to the provisions of the Appendix hereto, shall be substantially in the
form specified in Exhibit A to this Fifth Supplemental Indenture, shall have the terms set forth therein and shall be entitled to the benefits of the other provisions of the Original Indenture as modified by this Fifth Supplemental Indenture and
specified herein. 

  
 30 

 Section 2.02 Execution and Authentication. 

On the Issue Date, the Trustee shall authenticate and deliver $1,000,000,000 of Initial Notes and, at any time and from time to time
thereafter, the Trustee shall authenticate and deliver Additional Notes for original issue, in each case upon the Trustee’s receipt of a Company Order in accordance with Section 303 of the Original Indenture. Such order shall specify the
aggregate principal amount of the Notes to be authenticated and the date on which the original issue of Notes is to be authenticated and, in the case of an issuance of Additional Notes pursuant to Section 2.05 of this Fifth Supplemental
Indenture after the Issue Date, shall certify that such issuance is in compliance with such Section 2.05 and Section 4.09 hereof. The Notes shall be issued initially in the form of Global Securities, for which The Depository Trust Company
shall act as Depositary, as more fully set forth in the Appendix. Notes in the form of Global Securities shall bear the legends set forth on the form of Note attached hereto and such other legends as may be specified in the Appendix. 

Section 2.03 Outstanding Notes. 

Notes outstanding at any time are all Notes authenticated by the Trustee except for those canceled by it, those delivered to it for
cancellation and those described in this Section as not outstanding. Except as otherwise provided in TIA §316(a), a Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Note. 

If a Note is replaced pursuant to Section 306 of the Original Indenture, it ceases to be outstanding unless the Trustee and the Company
receive proof satisfactory to them that the replaced Note is held by a bona fide purchaser. 
 If the Paying Agent segregates and holds in
trust, in accordance with this Indenture, by 11:00 a.m. New York time, on a Redemption Date or other maturity date money sufficient to pay all principal, premium, if any, and interest payable on that date with respect to the Notes (or portions
thereof) to be redeemed or otherwise maturing, as the case may be, then on and after that date such Notes (or portions thereof) cease to be outstanding and interest on them ceases to accrue. 

Notes purchased by the Company pursuant to a Change of Control Offer will have the status of Notes issued but not outstanding or will be
retired and cancelled, at the Company’s option. Notes purchased by a third party pursuant to the Section 4.15 will have the status of Notes issued and outstanding. 

Section 2.04 CUSIP Numbers. 
 The
Company in issuing the Notes may use “CUSIP” numbers and corresponding “ISINs” (if then generally in use) and, if so, the Trustee shall use “CUSIP” numbers and corresponding “ISINs” in notices of redemption as
a convenience to Holders; provided, however, that any such notice may state that no representation is made as to the correctness of such 

  
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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. 
 Section 2.05 Issuance of Additional Notes.  

The Company shall be entitled, subject to its compliance with Section 4.09 of this Fifth Supplemental Indenture, to issue Additional Notes
under this Indenture which shall have identical terms as the Initial Notes issued on the Issue Date, other than with respect to the date of issuance, the issue price and the date from which interest will accrue. The Initial Notes issued on the Issue
Date and any Additional Notes shall be treated as a single class for all purposes under this Indenture, including, without limitation, waivers, amendments, redemptions and offers to purchase; provided, however, that if any Additional
Notes are not fungible with the Initial Notes for U.S. federal income tax purposes, such Additional Notes will be issued as a separate series under this Indenture and will have a separate CUSIP number and ISIN from the Initial Notes. 

ARTICLE 3 
 REDEMPTION AND PURCHASE

 Section 3.01 Redemption and Purchase. 

The Notes shall be subject to redemption and purchase by the Company pursuant to the provisions of Article Eleven of the Original Indenture and
this Article 3. 
 (a) Section 1103 of the Original Indenture, inasmuch as it relates to the Notes is hereby modified by replacing the first
paragraph with the following: 
 “If less than all the Securities of any series are to be redeemed at any time, the Trustee will select
notes for redemption on a pro rata basis, by lot, in accordance with the procedures of DTC applicable to the Trustee or by such other method as the Trustee, in its sole discretion, deems to be fair and appropriate.” 

(b) Section 1104 of the Original Indenture, inasmuch as it relates to the Notes is hereby modified by (1) replacing the word
“transmitted” in the first sentence of such Section with the phrase “mailed by first-class mail or otherwise delivered in accordance with the applicable procedures of the Depositary,” and (2) adding the following sentence at
the end of such Section: 
 “Notices of redemption may, in the Company’s discretion, be subject to one or more conditions
precedent.” 
 Section 3.02 Optional Redemption. 

(a) Except as set forth in this clause (a) or in Section 4.15 of this Fifth Supplemental Indenture, the Company shall not have the
option to redeem the Notes prior to October 15, 2025. At any time prior to October 15, 2025, the Company may on any one or more occasions redeem the Notes, in whole or in part, at a redemption price equal to 100% of the principal amount
thereof plus the Applicable Premium as of, and accrued and unpaid interest, if any, to, the Redemption Date (subject to the right of Holders of record as of the close of business on the relevant record date to receive interest due on an
Interest Payment Date that is on or prior to the Redemption Date). 

  
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 The Company shall determine any Applicable Premium and shall notify the Trustee thereof in
writing at least two Business Days in advance of the payment date thereof. 
 (b) Notwithstanding the provisions of clause (a) of this
Section 3.02, at any time on and after October 15, 2025, the Company may on any one or more occasions redeem the Notes, in whole or in part, at the redemption price of 100% of the aggregate principal amount thereof, together with accrued
and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record as of the close of business on the relevant record date to receive interest due on an Interest Payment Date that is on or prior to the Redemption Date).

 (c) The Company (or its agent) shall be responsible for making all determinations and calculations in respect of the redemption price of
the Notes. The Trustee may conclusively rely and be fully protected in relying upon an Officers’ Certificate setting forth the redemption price of the Notes. 

Section 3.03 Mandatory Redemption. 

Except as set forth under Sections 4.10 and 4.15 hereof, the Company shall not be required to make mandatory redemption or sinking fund
payments with respect to the Notes or to repurchase the Notes at the option of the Holders. 
 Section 3.04 Offer to Purchase by Application of
Excess Proceeds. 
 In the event that, pursuant to Section 4.10 hereof, the Company shall be required to commence an offer to all
Holders to purchase Notes (an “Asset Sale Offer”), it shall follow the procedures specified below. 
 The Asset Sale Offer
shall remain open for a period of 20 Business Days following its commencement and no longer, except to the extent that a longer period is required by Applicable Law (the “Offer Period”). No later than five Business Days after the
termination of the Offer Period (the “Settlement Date”), the Company shall purchase and pay for the principal amount of Notes required to be purchased pursuant to Section 4.10 hereof (the “Offer Amount”) or, if
less than the Offer Amount has been tendered, all Notes validly tendered in response to the Asset Sale Offer. Payment for any Notes so purchased shall be made in the manner prescribed in the Notes. 

Upon the commencement of an Asset Sale Offer, the Company shall send, by first class mail (or otherwise deliver in accordance with the
applicable procedures of the Depositary), a notice to each of the Holders, with a copy to the Trustee. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Asset Sale Offer. The
Asset Sale Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Sale Offer, shall state: 

  
 33 

 (a) that the Asset Sale Offer is being made pursuant to this Section 3.04
and Section 4.10 hereof and the length of time the Asset Sale Offer shall remain open, including the time and date the Asset Sale Offer will terminate (the “Termination Date”); 

(b) the Offer Amount and the purchase price; 

(c) that any Note not tendered or accepted for payment shall continue to accrue interest; 

(d) that, unless the Company defaults in making such payment, any Note accepted for payment pursuant to the Asset Sale Offer
shall cease to accrue interest after the Settlement Date; 
 (e) that Holders electing to have a Note purchased pursuant to
an Asset Sale Offer may only elect to have all of such Note purchased and may not elect to have only a portion of such Note purchased; 

(f) that Holders electing to have a Note purchased pursuant to any Asset Sale Offer shall be required to surrender the Note,
with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, to the Company or a Paying Agent at the address specified in the notice, before the Termination Date; 

(g) that Holders shall be entitled to withdraw their election if the Company or the Paying Agent, as the case may be, receives,
prior to the Termination Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and a statement that such Holder is withdrawing his election
to have such Note purchased; 
 (h) that, if the aggregate principal amount of Notes surrendered by Holders, and Pari Passu
Indebtedness surrendered by holders or lenders, collectively, exceeds the amount the Company is required to repurchase, the Trustee shall select the Notes and Pari Passu Indebtedness to be purchased on a pro rata basis on the basis of the aggregate
of the aggregate accreted value (if issued with original issue discount) or principal amount of tendered Notes and Pari Passu Indebtedness (provided that the selection of such Pari Passu Indebtedness shall be made pursuant to the terms of
such Pari Passu Indebtedness) (with such adjustments as may be deemed appropriate by the Company so that only Notes in denominations of $2,000 or any integral multiple of $1,000 in excess thereof will be purchased). Upon completion of each Asset
Sale Offer, the amount of Excess Proceeds will be reset at zero; and 
 (i) that Holders whose Notes were purchased only in
part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). 

If any of the Notes subject to an Asset Sale Offer is in the form of a Global Note, then the Company shall modify such notice to the extent
necessary to accord with the procedures of the Depositary applicable to repurchases. 

  
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 Promptly after the Termination Date, the Company shall, to the extent lawful, accept for payment
Notes or portions thereof tendered pursuant to the Asset Sale Offer in the aggregate principal amount required by Section 4.10 hereof, and prior to the Settlement Date it shall deliver to the Trustee an Officers’ Certificate stating that
such Notes or portions thereof were accepted for payment by the Company in accordance with the terms of this Section 3.04 and Section 4.10 hereof. On the Settlement Date, the Company or the Paying Agent, as the case may be, shall mail or
deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Company for purchase, and the Company shall issue a new Note, and the Trustee shall authenticate and mail or deliver such
new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the Company to the Holder thereof. The Company shall publicly announce the
results of the Asset Sale Offer on or before the Settlement Date. 
 ARTICLE 4 

COVENANTS 
 Except for
Section 1003, the provisions of Article Ten of the Original Indenture shall not apply to the Notes, and in lieu thereof the following provisions of this Article 4 shall apply to the Notes. 

Section 4.01 Payment of Notes. 

The Company shall pay or cause to be paid the principal of, premium, if any, and interest on the Notes on the dates and in the manner provided
in the 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 a Guarantor, holds as of 11:00 a.m. New York time on the due date money deposited by the Company or a
Guarantor in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due. 

The Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal at the rate
equal to the interest rate on the 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. 
 Section 4.02 Maintenance of Office or Agency. 

The Company shall maintain an office or agency (which may be an office of the Trustee or an affiliate of the Trustee) where Notes may be
presented or surrendered for payment 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. 

  
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 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. Further, if at any time there shall be no such office or agency in the City of New York where the Notes may be presented or
surrendered for payment, the Company shall forthwith designate and maintain such an office or agency in the City of New York, in order that the Notes shall at all times be payable in the City of New York. 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. 
 The Company
hereby appoints the Trustee as Paying Agent and designates the Corporate Trust Office of the Trustee as one such office or agency of the Company in accordance with Section 301 of the Original Indenture. 

Section 4.03 Reports. 
 (a)
Notwithstanding that the Company may not be subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, so long as any Notes are outstanding, the Company will file with the Commission for public availability within the
time period specified (after giving effect to all applicable grace periods) in the Commission’s rules and regulations under the Exchange Act (unless the Commission will not accept such a filing), and the Company will furnish to the Trustee and,
upon its request, to any of the Holders, within ten Business Days of filing the same with the Commission: 
 (1) all
quarterly and annual financial and other information with respect to the Company and its Subsidiaries that would be required to be contained in a filing with the Commission on Forms 10-Q and 10-K if the Company were required to file such forms, including a “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and, with respect to the annual information
only, a report on the annual financial statements by the Company’s certified independent accountants and summary data relating to proved reserves required by the Commission’s rules; and 

(2) all current reports that would be required to be filed with the Commission on Form
8-K if the Company were required to file such reports. 
 The Company’s filing of any such information,
document or report with the Commission pursuant to its Electronic Data Gathering, Analysis and Retrieval (or EDGAR) system or any successor thereto shall satisfy the reporting obligations described above. 

The Company shall at all times comply with TIA § 314(a). 

(b) If the Company has designated any of its Subsidiaries as Unrestricted Subsidiaries, then the quarterly and annual financial information
required by Section 4.03(a) shall include a reasonably detailed presentation, either on the face of the financial statements or in the footnotes to the financial statements and in “Management’s Discussion and Analysis of Financial
Condition and Results of Operations,” of the financial condition and results of operations of the Company and its Restricted Subsidiaries separate from the financial condition and results of operations of the Unrestricted Subsidiaries of the
Company. 

  
 36 

 (c) If, at any time, the Company is not subject to the reporting requirements of the Exchange
Act, it will, so long as any of the Notes will, at such time, constitute “restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act, upon the written request of a Holder, beneficial owner or prospective purchaser
of the Notes, promptly furnish such Holder, Beneficial Owner or prospective purchaser the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act to facilitate the resale of the notes pursuant to Rule 144A, as such
rule may be amended from time to time. The Company will take such further action as any Holder or Beneficial Owner of such Notes may reasonably request to the extent from time to time required to enable such holder or beneficial owner to sell the
notes in accordance with Rule 144A. 
 Section 4.04 Compliance Certificate. 

(a) The Company shall deliver to the Trustee, within 90 days after the end of each fiscal year (beginning with the year ending
December 31, 2017), an Officers’ Certificate stating that a review of the activities of the Company and its Restricted 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 each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions of this Indenture (or, if a Default or Event of Default with
respect to the Notes shall have occurred, 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) and that to the best of his or her
knowledge no event has occurred and remains in existence by reason of which payments of interest on the Notes are prohibited or if such event has occurred, a description of the event and what action the Company is taking or proposes to take with
respect thereto. 
 (b) The Company shall, so long as any of the Notes are outstanding, deliver to the Trustee, forthwith upon any Officer
becoming aware of any Default or Event of Default with respect to the Notes, an Officers’ Certificate specifying such Default or Event of 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 to pay, prior to delinquency, all material taxes, assessments, and governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to
effect such payment is not adverse in any material respect to the Holders. 
 Section 4.06 Stay, Extension and Usury Laws. 

Each of the Company and each of the Guarantors 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;

  
 37 

 
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. 

Section 4.07 Limitation on Restricted Payments.  

The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly: 

(1) declare or pay any dividend or make any other payment or distribution on account of the Company’s or any of its
Restricted Subsidiaries’ Equity Interests (including, without limitation, any payment in connection with any merger or consolidation to which the Company or any of its Restricted Subsidiaries is a party) or to the direct or indirect holders of
the Company’s or any of its Restricted Subsidiaries’ Equity Interests in their capacity as such (other than dividends or distributions payable in Equity Interests (other than Disqualified Stock) of the Company or payable to the Company or
a Restricted Subsidiary of the Company); 
 (2) purchase, redeem or otherwise acquire or retire for value (including, without
limitation, in connection with any merger or consolidation to which the Company is a party) any Equity Interests or Convertible Securities (in the case of Convertible Securities, only that amount paid in cash in excess of the principal amount
thereof and accrued and unpaid interest thereon) of the Company or any direct or indirect parent of the Company (other than with the Net Cash Proceeds of a substantially concurrent sale of Equity Interests (other than Disqualified Stock) of the
Company; provided that such Net Cash Proceeds shall be excluded from clause 3(b) of the next succeeding paragraph); 

(3) make any principal payment on or with respect to, or purchase, redeem, defease or otherwise acquire or retire for value,
any Indebtedness that is subordinated to the Notes or the Subsidiary Guarantees (other than Indebtedness of the Company owing to and held by any Guarantor or Indebtedness of a Guarantor owing to and held by the Company or any other Guarantor
permitted under clause (6) of Section 4.09) prior to any scheduled repayment or scheduled maturity, except a payment, purchase, redemption, defeasance or other acquisition of any such Indebtedness in anticipation of satisfying a sinking
fund obligation, principal installment or the Stated Maturity thereof, in each case, due within one year of the date of such payment, purchase, redemption, defeasance or other acquisition; or 

(4) make any Restricted Investment (all such payments and other actions set forth in these clauses (1) through (4) above
being collectively referred to as “Restricted Payments”), 
 unless, at the time of and after giving effect to such
Restricted Payment: 
 (1) no Default or Event of Default has occurred and is continuing or would occur as a consequence of
such Restricted Payment; 

  
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 (2) the Company would, at the time of such Restricted Payment and after giving
pro forma effect thereto as if such Restricted Payment had been made at the beginning of the applicable four-quarter period, have been permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set
forth in the first paragraph of Section 4.09; and 
 (3) such Restricted Payment, together with the aggregate amount of
all other Restricted Payments made by the Company and its Restricted Subsidiaries after May 11, 2004 (excluding Restricted Payments permitted by clauses (2), (3), (4), (5), (6), (7) and (8) of the next succeeding paragraph), is less
than the sum, without duplication, of: 
 (a) 50% of the Consolidated Net Income of the Company for the period (taken as one
accounting period) from April 1, 2004 to the end of the Company’s most recently ended fiscal quarter for which internal financial statements are available at the time of such Restricted Payment (or, if such Consolidated Net Income for such
period is a deficit, less 100% of such deficit), plus 
 (b) 100% of the aggregate Net Cash Proceeds received by the
Company (including the fair market value of any Additional Assets to the extent acquired in consideration of Equity Interests of the Company (other than Disqualified Stock)) since May 11, 2004 as a contribution to its common equity capital or
from the issue or sale of Equity Interests of the Company (other than Disqualified Stock) or from the issue or sale of convertible or exchangeable Disqualified Stock or convertible or exchangeable debt securities of the Company that have been
converted into or exchanged for such Equity Interests (other than Equity Interests (or Disqualified Stock or debt securities) sold to a Subsidiary of the Company), plus 

(c) to the extent that any Restricted Investment that was made after May 11, 2004 is sold for cash or otherwise liquidated
or repaid for cash, the lesser of (i) the cash return of capital with respect to such Restricted Investment (less the cost of disposition, if any) and (ii) the initial amount of such Restricted Investment, plus 

(d) to the extent that any Unrestricted Subsidiary of the Company is redesignated as a Restricted Subsidiary after May 11,
2004, the lesser of (i) the fair market value of the Company’s Investment in such Subsidiary as of the date of such redesignation or (ii) such fair market value as of the date on which such Subsidiary was originally designated as an
Unrestricted Subsidiary. 
 The preceding provisions will not prohibit: 

(1) the payment of any dividend or distribution or the consummation of any irrevocable redemption of debt that is subordinate
to the Notes, within 60 days after the date of declaration of such dividend or the delivery of any irrevocable notice of redemption, as the case may be, if the dividend, distribution or redemption payment on the date of declaration or the date of
the notice of redemption, as the case may be, would have complied with the provisions of this Indenture; 

  
 39 

 (2) the redemption, repurchase, retirement, defeasance or other acquisition of
any subordinated Indebtedness of the Company or any Guarantor or of any Equity Interests of the Company in exchange for, or out of the Net Cash Proceeds of the substantially concurrent sale (other than to a Subsidiary of the Company) of, Equity
Interests of the Company (other than Disqualified Stock), with a sale being deemed substantially concurrent if such redemption, repurchase, retirement, defeasance or acquisition occurs not more than 120 days after such sale; provided that the
amount of any such Net Cash Proceeds that are utilized for any such redemption, repurchase, retirement, defeasance or other acquisition will be excluded from clause (3)(b) of the preceding paragraph; 

(3) the defeasance, redemption, repurchase, retirement or other acquisition of subordinated Indebtedness of the Company or any
Guarantor with the Net Cash Proceeds from an incurrence of, or in exchange for, Permitted Refinancing Indebtedness; 
 (4)
the payment of any dividend or distribution by a Restricted Subsidiary of the Company to the holders of its Equity Interests on a pro rata basis; 

(5) the redemption, repurchase or other acquisition or retirement for value of any Equity Interests of the Company or any
Restricted Subsidiary of the Company held by any current or former director, officer, employee or consultant of the Company or any of its Restricted Subsidiaries pursuant to any equity subscription agreement or plan, stock option agreement or
similar agreement or plan; provided that the aggregate price paid for all such repurchased, redeemed, acquired or retired Equity Interests may not exceed $4.0 million in any calendar year (with unused amounts in any calendar year being
carried over to succeeding calendar years up to a maximum of $8.0 million in any calendar year); 
 (6) the acquisition
of Equity Interests by the Company in connection with the exercise of stock options or stock appreciation rights or other equity-based awards by way of cashless exercise; 

(7) the purchase, repurchase, redemption, defeasance or other acquisition or retirement for value of subordinated Indebtedness
of the Company or any Restricted Subsidiary (a) at a purchase price not greater than 101.0% of the principal amount thereof (plus accrued and unpaid interest) in the event of a Change of Control Triggering Event in accordance with
provisions similar to Section 4.15 or (b) at a purchase price not greater than 100.0% of the principal amount thereof (plus accrued and unpaid interest) in accordance with provisions similar to Section 4.10; provided
that, prior to or simultaneously with such purchase, repurchase, redemption, defeasance or other acquisition or retirement, the Company has made the Change of Control Offer or Asset Sale Offer, as applicable, as provided in such covenants with
respect to the Notes and has completed the repurchase or redemption of all Notes validly tendered for payment in connection with such Change of Control Offer or Asset Sale Offer; 

  
 40 

 (8) the payment of cash in lieu of fractional shares of Capital Stock in
connection with any transaction otherwise permitted under this Section 4.07; and 
 (9) other Restricted Payments in an
aggregate amount since May 11, 2004 not to exceed $50.0 million; 
 provided, however, that at the time of, and after giving effect to, any
Restricted Payment permitted under the preceding clause (9), no Default or Event of Default shall have occurred and be continuing or would be caused thereby. 

The amount of all Restricted Payments (other than cash) will be the fair market value on the date of the Restricted Payment of the asset(s) or
securities proposed to be transferred or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment. The fair market value of any assets or securities that are required to be valued by this
Section 4.07 will be determined, in the case of amounts under $50.0 million, in good faith by an officer of the Company and, in the case of amounts of $50.0 million or more, by the Board of Directors of the Company, whose
determination shall be evidenced by a Board Resolution. The amount of any Restricted Payment paid in cash shall be its face amount. Not later than the date of making any Restricted Payment (excluding any Restricted Payment described in the preceding
clauses (2), (3), (4), (5), (6), (7) or (8)) in excess of $50.0 million, the Company will deliver to the Trustee an Officers’ Certificate stating that such Restricted Payment is permitted and setting forth the basis upon which the
calculations required by this Section 4.07 were computed. For purposes of determining compliance with this Section 4.07, in the event that a Restricted Payment meets the criteria of more than one of the categories of Restricted Payments
described in the preceding clauses (1) through (9), or is entitled to be made pursuant to the first paragraph of this Section 4.07, the Company will be permitted to divide or classify (or later divide, classify or reclassify in whole or in
part in its sole discretion) such Restricted Payment in any manner that complies with this Section 4.07. 
 Section 4.08 Limitation on Dividend
and Other Payment Restrictions Affecting Subsidiaries. 
 The Company will not, and will not permit any of its Restricted
Subsidiaries to, directly or indirectly, create or permit to exist or become effective any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to: 

(1) pay dividends or make any other distributions on its Capital Stock to the Company or any of its Restricted Subsidiaries (it
being understood that the priority of any preferred stock in receiving dividends or liquidating distributions prior to dividends or liquidating distributions being paid on common stock shall not be deemed a restriction on the ability to pay
dividends or make distributions on Capital Stock), or pay any Indebtedness or other obligations owed to the Company or any of its Restricted Subsidiaries; 

  
 41 

 (2) make loans or advances to the Company or any of its Restricted Subsidiaries
(it being understood that the subordination of loans or advances made to the Company or any Restricted Subsidiary to other Indebtedness incurred by the Company or any Restricted Subsidiary shall not be deemed a restriction on the ability to make
loans or advances); or 
 (3) transfer any of its properties or assets to the Company or any of its Restricted Subsidiaries.

 However, the preceding restrictions of this Section 4.08 will not apply to encumbrances or restrictions existing under or by reason
of: 
 (1) agreements governing Existing Indebtedness, Capital Stock and Credit Facilities as in effect on the Issue Date and
any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of those agreements; provided that the amendments, modifications, restatements, renewals, increases, supplements,
refundings, replacements or refinancings are not materially more restrictive, taken as a whole, with respect to such encumbrances and restrictions than those contained in the applicable agreements or instruments on the Issue Date as determined in
good faith by the Company; 
 (2) this Indenture, the Notes, the Exchange Notes and the Subsidiary Guarantees; 

(3) Applicable Law, rule, regulation, order, approval, license, permit or similar restriction; 

(4) any instrument governing Indebtedness or Capital Stock of a Person acquired by the Company or any of its Restricted
Subsidiaries as in effect at the time of such acquisition, which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired;
provided that, in the case of Indebtedness, such Indebtedness was permitted by the terms of this Indenture to be incurred, and any amendments, restatements, modifications, renewals, supplements, refundings, replacements or refinancings of
those agreements; provided, further, that the amendments, restatements, modifications, renewals, supplements, refundings, replacements or refinancings are not materially more restrictive, taken as a whole, with respect to such
encumbrances and restrictions than those contained in those agreements on the date of such acquisition as determined in good faith by the Company; 

(5) customary non-assignment provisions in leases entered into in the ordinary course
of business and consistent with past practices; 
 (6) Capital Lease Obligations or purchase money obligations, in each case
for property acquired in the ordinary course of business that impose restrictions on that property of the nature described in clause (3) of the preceding paragraph; 

(7) any agreement for the sale or other disposition of a Restricted Subsidiary of the Company that restricts distributions
and/or transfers of properties and assets by that Restricted Subsidiary pending its sale or other disposition; 

  
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 (8) Permitted Refinancing Indebtedness; provided that the restrictions
contained in the agreements governing such Permitted Refinancing Indebtedness are not materially more restrictive, taken as a whole, than those contained in the agreements governing the Indebtedness being refinanced as determined in good faith by
the Company; 
 (9) Liens securing Indebtedness otherwise permitted to be incurred under the provisions of Section 4.12
hereof that limit the right of the debtor to dispose of the assets subject to such Liens; 
 (10) provisions with respect to
the disposition or distribution of assets or property in joint venture agreements, asset sale agreements, stock sale agreements, agreements respecting Permitted Business Investments and other similar agreements entered into (a) in the ordinary
course of business or (b) with the Company’s approval by its Board of Directors, which limitation is applicable only to property or Capital Stock that are subject to such agreements; 

(11) restrictions on cash, Cash Equivalents or other deposits or net worth imposed by customers or suppliers under contracts
entered into in the ordinary course of business; 
 (12) restrictions on the sale, lease or transfer of property or assets
arising or agreed to in the ordinary course of business, not relating to any Indebtedness, and that do not, individually or in the aggregate, detract from the value of property or assets of the Company or any Restricted Subsidiary in any manner
material to the Company and the Restricted Subsidiaries taken as a whole; 
 (13) Hedging Obligations permitted to be
incurred under Section 4.09 hereof; 
 (14) with respect to any Restricted Subsidiary incorporated or organized outside
the United States, any encumbrance or restriction contained in the terms of any Indebtedness or any agreement pursuant to which such Indebtedness was incurred if either (a) the encumbrance or restriction applies only in the event of a payment
default or a default with respect to a financial covenant in such Indebtedness or agreement or (b) the Company determines that any such encumbrance or restriction will not materially affect the Company’s ability to make principal or
interest payments on the Notes, as determined in good faith by the Board of Directors of the Company, whose determination shall be conclusive; and 

(15) encumbrances or restrictions contained in agreements governing Indebtedness, Disqualified Stock, or preferred stock, as
applicable, of the Company or any of its Restricted Subsidiaries permitted to be incurred pursuant to an agreement entered into subsequent to the Issue Date in accordance with Section 4.09; provided that the provisions relating to such
encumbrance or restriction contained in such Indebtedness, Disqualified Stock or preferred stock, as the case may be, are not materially less favorable to the Company taken as a whole, as determined by the Board of Directors of the Company in good
faith, than the provisions contained in the Credit Agreement and in this Indenture as in effect on the Issue Date. 

  
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 Section 4.09 Limitation on Incurrence of Indebtedness and Issuance of Preferred Stock. 

The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, issue, assume,
guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to (collectively, “incur”) any Indebtedness (including Acquired Debt), neither the Company nor any Guarantor will issue any
Disqualified Stock, and the Company will not permit any Non-Guarantor Subsidiary to issue any shares of preferred stock; provided, however, that the Company and any Restricted Subsidiary may
incur Indebtedness (including Acquired Debt) or issue Disqualified Stock, and any Restricted Subsidiary may issue preferred stock, if the Fixed Charge Coverage Ratio for the Company’s most recently ended four full fiscal quarters for which
internal financial statements are available immediately preceding the date on which such additional Indebtedness is incurred or such Disqualified Stock or preferred stock is issued would have been at least 2.0 to 1.0, determined on a pro forma basis
(including a pro forma application of the net proceeds therefrom), as if the additional Indebtedness had been incurred or Disqualified Stock or preferred stock had been issued, as the case may be, at the beginning of such four-quarter period. 

The first paragraph of this Section 4.09 will not prohibit the incurrence of any of the following items of Indebtedness (collectively,
“Permitted Debt”): 
 (1) the incurrence by the Company or any of its Restricted Subsidiaries of additional
Indebtedness (including letters of credit) under one or more Credit Facilities in an aggregate principal amount at any one time outstanding under this clause (1) (with letters of credit being deemed to have a principal amount equal to the maximum
available amount thereunder) not to exceed an amount equal to the greater of (a) $3.0 billion and (b) 30.0% of ACNTA as of the date of such incurrence; 

(2) the incurrence by the Company or any of its Restricted Subsidiaries of the Existing Indebtedness; 

(3) the incurrence by the Company and the Guarantors of Indebtedness represented by the Notes and the related Subsidiary
Guarantees issued on the Issue Date and any Exchange Notes and the related Subsidiary Guarantees thereof; 
 (4) the
incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness represented by Capital Lease Obligations, mortgage financings or purchase money obligations, in each case, incurred for the purpose of financing all or any part of the
purchase price or cost of design, construction, installation or improvement of property, plant or equipment used in the Oil and Gas Business of the Company or such Restricted Subsidiary, in an aggregate principal amount at any time outstanding,
including all Permitted Refinancing Indebtedness incurred to renew, refund, refinance or replace, defease or discharge any Indebtedness incurred pursuant to this clause (4), not to exceed the greater of (a) $100.0 million and (b) 1.0% of ACNTA
as of the date of such incurrence at any time outstanding; 

  
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 (5) the incurrence by the Company or any of its Restricted Subsidiaries of
Permitted Refinancing Indebtedness, or the issuance by the Company or any Restricted Subsidiary of Disqualified Stock or by any Restricted Subsidiary of preferred stock, in each case in exchange for, or the net proceeds of which are used to refund,
refinance or replace Indebtedness (other than intercompany Indebtedness), Disqualified Stock or preferred stock that was permitted by this Indenture to be incurred or issued under the first paragraph of this Section 4.09 or clauses (2) or
(3) of this paragraph or this clause (5); 
 (6) the incurrence by the Company or any of its Restricted Subsidiaries of
intercompany Indebtedness between or among the Company and any of its Restricted Subsidiaries; provided, however, that: 

(a) if the Company is the obligor on such Indebtedness and a Guarantor is not the obligee, such Indebtedness must be expressly
subordinated to the prior payment in full in cash of all Obligations with respect to the Notes, or if a Guarantor is the obligor on such Indebtedness and neither the Company nor another Guarantor is the obligee, such Indebtedness must be expressly
subordinated to the prior payment in full in cash of all Obligations with respect to the Subsidiary Guarantee of such Guarantor; and 

(b) (i) any subsequent issuance or transfer of Equity Interests that results in any such Indebtedness being held by a Person
other than the Company or a Restricted Subsidiary of the Company and (ii) any sale or other transfer of any such Indebtedness to a Person that is neither the Company nor a Restricted Subsidiary of the Company will be deemed, in each case, to
constitute an incurrence of such Indebtedness by the Company or such Restricted Subsidiary, as the case may be, that was not permitted by this clause (6); 

(7) the issuance by any Restricted Subsidiary to the Company or to any Restricted Subsidiary of shares of Disqualified Stock or
preferred stock; provided, however, that: 
 (a) any subsequent issuance or transfer of Equity Interests that
results in any such Disqualified Stock or preferred stock being held by a Person other than the Company or a Restricted Subsidiary of the Company, and 

(b) any sale or other transfer of any such Disqualified Stock or preferred stock to a Person that is neither the Company nor a
Restricted Subsidiary, 
 will be deemed, in each case, to constitute an issuance of such Disqualified Stock or preferred stock by such
Restricted Subsidiary that was not permitted by this clause (7); 
 (8) the incurrence by the Company or any of its
Restricted Subsidiaries of Hedging Obligations; 

  
 45 

 (9) the guarantee by the Company or any of the Guarantors of Indebtedness of the
Company or any Guarantor that was permitted to be incurred by another provision of this Section 4.09; 
 (10) the
incurrence by the Company or any of its Restricted Subsidiaries of obligations relating to net gas balancing positions arising in the ordinary course of business and consistent with past practice; 

(11) the incurrence by the Company’s Unrestricted Subsidiaries of Non-Recourse
Debt; provided, however, that if any such Indebtedness ceases to be Non-Recourse Debt of an Unrestricted Subsidiary, such event will be deemed to constitute an incurrence of Indebtedness by a
Restricted Subsidiary of the Company that was not permitted by this clause (11); 
 (12) the incurrence by the Company or any
of its Restricted Subsidiaries of Indebtedness in respect of bid, performance, surety and similar bonds issued for the account of the Company and any of its Restricted Subsidiaries in the ordinary course of business, including guarantees and
obligations of the Company and any of its Restricted Subsidiaries with respect to letters of credit supporting such obligations (in each case other than an obligation for money borrowed); 

(13) the incurrence by the Company or any of its Restricted Subsidiaries of Indebtedness arising from agreements of the Company
or any of its Restricted Subsidiaries providing for indemnification, adjustment of purchase price or similar obligations, in each case, incurred or assumed in connection with the disposition of any business, assets or Capital Stock of a Subsidiary;
provided that the maximum aggregate liability in respect of all such Indebtedness shall at no time exceed the gross proceeds actually received by the Company and its Restricted Subsidiaries in connection with such disposition; 

(14) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument
inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business; provided, however, that such Indebtedness is promptly extinguished; 

(15) Indebtedness arising in connection with endorsement of instruments for deposit in the ordinary course of business; 

(16) Indebtedness owed on a short-term basis to banks and other financial institutions incurred in the ordinary course of
business of the Company and any Restricted Subsidiary with such banks or financial institutions that arises in connection with ordinary banking arrangements to manage cash balances of the Company and any Restricted Subsidiary; 

(17) the incurrence by the Company or any of its Restricted Subsidiaries of Acquired Debt in connection with a transaction
meeting either one of the financial tests set forth in clause (4) under Section 5.01 hereof; and 

  
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 (18) the incurrence or issuance by the Company or any of its Restricted
Subsidiaries of additional Indebtedness, Disqualified Stock and preferred stock in an aggregate principal amount, accreted value or liquidation preference, as applicable, at any time outstanding, not to exceed the greater of (a) $250.0 million
and (b) 2.5% of ACNTA as of the date of incurrence. 
 For purposes of determining compliance with this Section 4.09, in the event that
an item of Indebtedness (including Acquired Debt) or Disqualified Stock or preferred stock, as applicable, meets the criteria of more than one of the categories of Permitted Debt described in clauses (1) through (18) above, or is entitled to be
incurred pursuant to the first paragraph of this Section 4.09, the Company will be permitted to divide and classify (or later divide, classify, reclassify or re-divide in whole or in part in its sole
discretion) such item of Indebtedness or Disqualified Stock or preferred stock, as applicable in any manner that complies with this Section 4.09, except that any Indebtedness under Credit Facilities on the Issue Date (after giving effect to the
application of the proceeds from the offering of the Initial Notes contemplated by the offering memorandum relating to such offering) shall be considered incurred under the first paragraph of this Section 4.09. In addition, the principal amount
of any Disqualified Stock or preferred stock of a Person shall be deemed to be equal to the greater of the maximum mandatory redemption or repurchase price (not including, in either case, any redemption or repurchase premium) or the liquidation
preference of all obligations of such Person with respect to the redemption, repayment or other repurchase of any Disqualified Stock, or with respect to any Non-Guarantor Subsidiary, any preferred stock. 

The accrual of interest, the accretion or amortization of original issue discount, the payment of interest on any Indebtedness in the form of
additional Indebtedness with the same terms, the payment of dividends on Disqualified Stock in the form of additional shares of the same class of Disqualified Stock and the payment of dividends on preferred stock in the form of additional shares of
the same class of preferred stock will not be deemed to be an incurrence of Indebtedness or an issuance of Disqualified Stock or preferred stock for purposes of this Section 4.09; provided, in each such case, that the amount thereof is
included in Fixed Charges of the Company as accrued. Notwithstanding any other provision of this Section 4.09, the maximum amount of Indebtedness that the Company or any Restricted Subsidiary may incur pursuant to this Section 4.09 shall
not be deemed exceeded solely as a result of fluctuations in exchange rates or currency values. 
 Section 4.10 Limitation on Asset
Sales. 
 The Company will not, and will not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless: 

(1) the Company (or the Restricted Subsidiary, as the case may be) receives consideration at the time of the Asset Sale at
least equal to the fair market value of the assets or Equity Interests issued or sold or otherwise disposed of; 
 (2) the
fair market value is determined by the Company’s Board of Directors as evidenced by a Board Resolution; and 

  
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 (3) at least 75% of the aggregate consideration received from such Asset Sale and
all other Asset Sales since the Issue Date, on a cumulative basis, by the Company or such Restricted Subsidiary is in the form of cash or Cash Equivalents. For purposes of this clause (3) of Section 4.10 only, each of the following will be
deemed to be Cash Equivalents: 
 (a) any liabilities, as shown on the Company’s or such Restricted Subsidiary’s
most recent balance sheet, of the Company or any Subsidiary (other than contingent liabilities and liabilities that are by their terms subordinated to the Notes or any Subsidiary Guarantee) that are assumed by the transferee of any such assets
pursuant to a novation agreement that releases the Company or such Subsidiary from further liability; 
 (b) any securities,
notes or other obligations received by the Company or any such Restricted Subsidiary from such transferee that are converted by the Company or such Subsidiary into cash within 270 days of the receipt thereof, to the extent of the cash received in
that conversion; 
 (c) with respect to any Asset Sale of oil and natural gas properties where the Company or such Restricted
Subsidiary retains an interest in such property, the aggregate costs and expenses of the Company or such Restricted Subsidiary related to the exploration, development, completion or production of such properties and activities related thereto which
the transferee (or an Affiliate thereof) agrees to pay; and 
 (d) any Designated
Non-cash Consideration received by the Company or such Restricted Subsidiary in such Asset Sale having an aggregate fair market value, taken together with all other Designated
Non-cash Consideration received pursuant to this clause (d) net of cash or Cash Equivalents received in connection with a subsequent sale of or collection on such Designated
Non-cash Consideration, not to exceed an amount equal to 5.0% of the Company’s ACNTA (determined at the time of receipt of such Designated Non-cash Consideration),
with the fair market value of each item of Designated Non-cash Consideration being measured at the time received and without giving effect to subsequent changes in value other than as a result of payments
received in connection therewith as contemplated by the definition of Designated Non-cash Consideration. 

Within 360 days after the receipt of any Net Proceeds from an Asset Sale, the Company or any such Restricted Subsidiary may apply those Net
Proceeds at its option to any combination of the following: 
 (I) to prepay, repay, redeem or repurchase any Indebtedness of the Company or
a Guarantor (other than intercompany Indebtedness, Capital Stock or Indebtedness that is subordinated to the Notes or the Subsidiary Guarantees) or any Indebtedness of a Restricted Subsidiary that is not a Guarantor (other than intercompany
Indebtedness); 

  
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 (II) to acquire all or substantially all of the properties or assets of one or more other Persons
primarily engaged in the Oil and Gas Business, and, for this purpose, a division or line of business of a Person shall be treated as a separate Person; 

(III) to acquire a majority of the Voting Stock of one or more other Persons primarily engaged in the Oil and Gas Business; 

(IV) to make one or more capital expenditures; or 

(V) to acquire other property or assets that are used or useful in the Oil and Gas Business. 

Pending the final application of any Net Proceeds, the Company or any such Restricted Subsidiary may temporarily reduce revolving credit
borrowings or otherwise invest the Net Proceeds in any manner that is not prohibited by this Indenture. Any Net Proceeds from Asset Sales that are not applied or invested as provided in the preceding paragraph will constitute “Excess
Proceeds.” 
 On the 361st day after the Asset Sale (or, at the Company’s option, any earlier date), if the aggregate amount
of Excess Proceeds then exceeds $50.0 million, the Company will make an Asset Sale Offer to all Holders, and all holders of other Pari Passu Indebtedness containing provisions similar to those set forth in this Indenture with respect to offers
to purchase or redeem with the proceeds of sales of assets, to purchase the maximum principal amount of Notes and such other Pari Passu Indebtedness that may be purchased out of the Excess Proceeds, pursuant to the terms in Section 3.04 hereof
and this Section 4.10. The offer price in any Asset Sale Offer will be equal to 100% of the principal amount plus accrued and unpaid interest, if any, to the Settlement Date, subject to the right of Holders of record on the relevant
record date to receive interest due on an Interest Payment Date that is on or prior to the Settlement Date, and will be payable in cash. If any Excess Proceeds remain after consummation of an Asset Sale Offer, the Company may use those Excess
Proceeds for any purpose not otherwise prohibited by this Indenture. If the aggregate principal amount of Notes and other Pari Passu Indebtedness tendered in such Asset Sale Offer exceeds the amount of Excess Proceeds, the Trustee will select the
Notes and such other Pari Passu Indebtedness to be purchased on a pro rata basis on the basis of the aggregate accreted value (if issued with original issue discount) or principal amount of tendered Notes and Pari Passu Indebtedness (provided
that the selection of such Pari Passu Indebtedness shall be made pursuant to the terms of such Pari Passu Indebtedness) (with such adjustments as may be deemed appropriate by the Company so that only Notes in denominations of $2,000 or any integral
multiple of $1,000 in excess thereof will be purchased). Upon completion of each Asset Sale Offer, the amount of Excess Proceeds will be reset at zero. 

The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other
Applicable Law to the extent applicable in connection with each repurchase of Notes pursuant to an Asset Sale Offer. To the extent that the provisions of any securities laws or regulations conflict with the provisions of Section 3.04 or this
Section 4.10, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under such provisions by virtue of such compliance. 

  
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 Section 4.11 Limitation on Transactions with Affiliates. 

The Company will not, and will not permit any of its Restricted Subsidiaries to, make any payment to, or sell, lease, transfer or otherwise
dispose of any of its properties or assets to, or purchase any property or assets from, or enter into or make or amend any transaction, contract, agreement, understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate (each,
an “Affiliate Transaction”) involving aggregate consideration in excess of $5.0 million, unless: 
 (1)
the Affiliate Transaction is on terms that are not materially less favorable to the Company or the relevant Restricted Subsidiary than those that would have been obtained in a comparable transaction by the Company or such Restricted Subsidiary with
an unrelated Person or, if in the good faith judgment of the Company’s Board of Directors, no comparable transaction is available with which to compare such Affiliate Transaction, such Affiliate Transaction is otherwise fair to the Company or
the relevant Restricted Subsidiary from a financial point of view; and 
 (2) the Company delivers to the Trustee: 

(a) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in
excess of $20.0 million but less than or equal to $50.0 million, an Officers’ Certificate certifying that such Affiliate Transaction complies with this Section 4.11; and 

(b) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in
excess of $50.0 million, an Officers’ Certificate certifying that such Affiliate Transaction complies with this Section 4.11 and has been approved by the resolution of a majority of the disinterested members of the Board of Directors.

 The following items will not be deemed to be Affiliate Transactions and, therefore, will not be subject to the provisions of the prior
paragraph of this Section 4.11: 
 (1) any employment, severance or consulting agreement or other compensation
agreement, arrangement or plan or any amendment thereto, any issuance of Capital Stock (other than Disqualified Stock) or other payments, awards or grants in cash, Capital Stock (other than Disqualified Stock) or otherwise pursuant to, or the
funding of, employment, severance or consulting agreements and other compensation agreements, arrangements and plans, options to purchase Capital Stock (other than Disqualified Stock) of the Company, restricted stock plans, long-term incentive
plans, stock appreciation rights plans, participation plans or similar employee benefits plans, in each case arising in the ordinary course of business of the Company or any of its Restricted Subsidiaries; 

(2) transactions between or among any of the Company and its Restricted Subsidiaries; 

  
 50 

 (3) transactions with a Person that is an Affiliate of the Company solely because
the Company owns an Equity Interest in such Person, including, without limitation, any transaction with a joint venture or similar entity (other than an Unrestricted Subsidiary); 

(4) payment of reasonable directors’ fees, consulting fees and other benefits to Persons who are not otherwise Affiliates
of the Company; 
 (5) provision of officers’ and directors’ indemnification and insurance in the ordinary course
of business to the extent permitted by law; 
 (6) sales of Equity Interests (other than Disqualified Stock) to Affiliates of
the Company; 
 (7) Permitted Investments and Restricted Payments that are permitted by Section 4.07 hereof; 

(8) any transaction in which the Company or its Restricted Subsidiaries, as the case may be, deliver to the Trustee a letter
from an accounting, appraisal or investment banking firm of national standing stating that such transaction is fair to the Company or its Restricted Subsidiary from a financial point of view or that such transaction meets the requirements of clause
(1) of the first paragraph of this Section 4.11; 
 (9) transactions with Unrestricted Subsidiaries, Affiliates,
customers, clients, suppliers or purchasers or sellers of goods or services, or lessors or lessees of property, in each case in the ordinary course of business and otherwise in compliance with the terms of this Indenture which are, in the aggregate
(taking into account all the costs and benefits associated with such transactions) materially no less favorable to the Company or its Restricted Subsidiaries than those that would have been obtained in a comparable transaction by the Company or such
Restricted Subsidiary with an unrelated Person, in the good faith determination of the Company’s Board of Directors, or are on terms at least as favorable as might reasonably have been obtained at such time from an unaffiliated party; and 

(10) transactions between the Company or any of its Restricted Subsidiaries and any Person, a director of which is also a
director of the Company or any direct or indirect parent of the Company; provided, however, that such director abstains from voting as a director of the Company or such direct or indirect parent, as the case may be, on any matter
involving such other Person. 
 Section 4.12 Limitation on Liens. 

The Company will not and will not permit any of its Restricted Subsidiaries to, create, incur, assume or otherwise cause or suffer to exist or
become effective any Lien of any kind (other than Permitted Liens) securing Indebtedness upon any of their property or assets, now owned or hereafter acquired, unless the Notes or any Subsidiary Guarantee of such Restricted Subsidiary, as
applicable, is secured on an equal and ratable basis (or on a senior basis to, in the case of obligations subordinated in right of payment to the Notes or such Subsidiary Guarantee, 

  
 51 

 
as the case may be) with the obligations so secured until such time as such obligations are no longer secured by a Lien. For the avoidance of doubt, the creation, incurrence, assumption and
existence of Liens (but not the foreclosure thereof) shall be governed by this Section 4.12 and not by Sections 4.10, 4.15 or 5.01. 

Section 4.13 Additional Subsidiary Guarantees. 

If the Company or any of its Restricted Subsidiaries acquires or creates another Material Domestic Subsidiary after the Issue Date, or if any Non-Guarantor Subsidiary either (a) becomes a borrower or guarantees any Indebtedness of the Company or another Restricted Subsidiary of the Company under the Credit Agreement or (b)(i) guarantees any other
Capital Markets Indebtedness of the Company or any Restricted Subsidiary (including the Existing Senior Notes), or (ii) incurs any Capital Markets Indebtedness, then in each case that Subsidiary will become a Guarantor by executing a
supplemental indenture substantially in the form of Exhibit B hereto and delivering it to the Trustee within 20 Business Days of the date on which it was acquired or created or guaranteed or incurred such Indebtedness of the Company, as the case may
be, together with any Opinion of Counsel described in Section 903 of the Original Indenture. 
 Section 4.14 Corporate Existence.

 Except as otherwise permitted pursuant to the terms hereof (including as permitted by Section 5.01 hereof), the Company shall do or
cause to be done all things necessary to preserve and keep in full force and effect its corporate existence, and the corporate, partnership or other existence of each of its Restricted Subsidiaries, in accordance with the respective organizational
documents (as the same may be amended from time to time) of the Company or any such Restricted Subsidiary; provided, however, that, subject to the other applicable provisions of this Fifth Supplemental Indenture, the Company shall not
be required to preserve the existence of any of its Restricted Subsidiaries if the Company shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Company and its Restricted Subsidiaries taken as a
whole and that the loss thereof is not adverse in any material respect to the Holders. 
 Section 4.15 Offer to Repurchase Upon Change of
Control Triggering Event. 
 (1) Within 30 days following the occurrence of a Change of Control Triggering Event,
the Company shall make an offer (a “Change of Control Offer”) to repurchase all or any part (equal to $2,000 or any integral multiple of $1,000 in excess thereof) of each Holder’s Notes at a purchase price (the “Change
of Control Payment”) in cash equal to 101% of the aggregate principal amount of Notes repurchased, plus accrued and unpaid interest, if any, thereon to the date of settlement (the “Change of Control Settlement
Date”), subject to the right of Holders of record on the relevant record date to receive interest due on an Interest Payment Date that is on or prior to the Change of Control Settlement Date. The Trustee shall have no duty to monitor
whether a Change of Control Triggering Event has occurred. Within 30 days following any Change of Control Triggering Event, the Company shall mail (or otherwise deliver in accordance with the applicable procedures of the Depositary) a notice of the
Change of Control Offer to each Holder and the Trustee describing the transaction or transactions that constitute the Change of Control Triggering Event and stating: 

  
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 (a) that the Change of Control Offer is being made pursuant to this
Section 4.15 and that all Notes validly tendered and not withdrawn will be accepted for payment; 
 (b) the purchase
price and the purchase date, which shall be no earlier than 30 days and no later than 60 days from the date such notice is mailed or otherwise delivered (or, in the case of a notice mailed or otherwise delivered in advance of a Change of Control
Triggering Event, no earlier than 30 days and no later than 60 days from the date of such Change of Control Triggering Event (the “Change of Control Purchase Date”); 

(c) that the Change of Control Offer will expire as of the time specified in such notice on the Change of Control Purchase Date
and that the Company shall pay the Change of Control Payment for all Notes purchased as of the Change of Control Purchase Date promptly thereafter on the Change of Control Settlement Date; 

(d) that any Note not tendered will continue to accrue interest; 

(e) that, unless the Company defaults in the payment of the Change of Control Payment, all Notes accepted for payment pursuant
to the Change of Control Offer shall cease to accrue interest after the Change of Control Settlement Date; 
 (f) that
Holders electing to have any Notes purchased pursuant to a Change of Control Offer will be required to surrender the Notes, properly endorsed for transfer, together with the form entitled “Option of Holder to Elect Purchase” on the reverse
of the Notes completed and such customary documents as the Company may reasonably request, to the Paying Agent at the address specified in the notice prior to the termination of the Change of Control Offer on the Change of Control Purchase Date;

 (g) that Holders will be entitled to withdraw their election if the Paying Agent receives, prior to the termination of the
Change of Control Offer, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of Notes delivered for purchase, and a statement that such Holder is withdrawing its election to have the Notes
purchased; and 
 (h) that Holders whose Notes are being purchased only in part will be issued new Notes equal in principal
amount to the unpurchased portion of the Notes surrendered, which unpurchased portion must be equal to $2,000 in principal amount or any integral multiple of $1,000 in excess thereof. 

If any of the Notes subject to a Change of Control Offer is in the form of a Global Note, then the Company shall modify such notice to the
extent necessary to accord with the procedures of the Depositary applicable to repurchases. Notwithstanding the foregoing, the Company shall comply with the requirements of Rule 14e-1 under the Exchange Act
and any other securities laws and regulations thereunder and all Applicable Law to the 

  
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extent those laws, regulations and orders are applicable in connection with the repurchase of the Notes as a result of a Change of Control Triggering Event. To the extent that the provisions of
any securities laws or regulations or any such other Applicable Law conflict with the provisions of this Section 4.15, the Company will comply with the applicable securities laws and regulations and all such other Applicable Law and will not be
deemed to have breached its obligations under such provisions by virtue of such compliance. 
 (2) On the Change of Control
Settlement Date, the Company shall, to the extent lawful, accept for payment all Notes or portions thereof (in minimum denominations of $2,000 or any integral $1,000 multiple in excess thereof) properly tendered pursuant to the Change of Control
Offer. Promptly thereafter on the Change of Control Settlement Date the Company shall: 
 (a) deposit with the Paying Agent
by 11:00 a.m., New York City time an amount equal to the Change of Control Payment in respect of all Notes or portions thereof so tendered; and 

(b) deliver or cause to be delivered to the Trustee the Notes so accepted together with an Officers’ Certificate stating
the aggregate principal amount of Notes or portions of Notes being purchased by the Company. 
 On the Change of Control Settlement Date, the
Paying Agent shall mail to each Holder properly tendered the Change of Control Payment for such Notes (or, if all the Notes are then in global form, make such payment through the facilities of the Depositary) and the Trustee shall authenticate and
mail (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided, however, that each such new Note will be in a principal amount
of $2,000 or any integral multiple of $1,000 in excess thereof. The Company shall publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of Control Settlement Date. 

(c) The preceding provisions under this Section 4.15 shall be applicable whether or not any other provisions of this
Indenture are applicable. 
 (d) The Company shall not be required to make a Change of Control Offer following a Change of
Control Triggering Event if (1) a third party makes the Change of Control Offer in the manner, at the time 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 properly tendered and not withdrawn under such Change of Control Offer or (2) notice of redemption has been given pursuant to Section 3.02 hereof with respect to all outstanding Notes, unless and until there is a
default in payment of the applicable redemption price determined as provided in Section 3.02. Notwithstanding anything to the contrary contained herein, a Change of Control Offer by the Company or a third party may be made in advance of a
Change of Control Triggering Event, and conditioned upon the occurrence of a Change of Control Triggering Event, if a definitive agreement is in place for the Change of Control Triggering Event at the time the Change of Control Offer is made. 

  
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 (3) In the event that Holders of Notes of not less than 90% of the aggregate
principal amount of the outstanding Notes accept a Change of Control Offer and the Company purchases all of the Notes held by such holders, the Company will have the right to, upon not less than 30 nor more than 60 days’ prior notice, given not
more than 30 days following the purchase pursuant to the Change of Control Offer, to redeem all of the Notes that remain outstanding following such purchase at a purchase price equal to the Change of Control Payment plus, to the extent not
included in the Change of Control Payment, accrued and unpaid interest on the Notes that remain outstanding, if any, to the Change of Control Settlement Date, subject to the right of Holders of record on the relevant record date to receive interest
due on an interest payment date that is on or prior to the Change of Control Settlement Date. Any such redemption shall be effected in accordance with Article Eleven of the Original Indenture, as modified by Section 3.01 hereof. 

Section 4.16 [Intentionally Omitted.] 
 Section 4.17
Designation of Restricted and Unrestricted Subsidiaries. 
 The Board of Directors of the Company may designate any Subsidiary
(including any acquired or newly formed Subsidiary) of the Company to be an Unrestricted Subsidiary if that designation would not cause a Default. If a Restricted Subsidiary of the Company is designated as an Unrestricted Subsidiary, the aggregate
fair market value of all outstanding Investments owned by the Company and its Restricted Subsidiaries in the Subsidiary properly designated will be deemed to be an Investment made as of the time of the designation and will reduce the amount
available for Restricted Payments under the first paragraph of Section 4.07 hereof or represent Permitted Investments, as determined by the Company. That designation shall only be permitted if the Investment would be permitted at that time and
if the Subsidiary so designated otherwise meets the definition of an Unrestricted Subsidiary. 
 The Board of Directors of the Company may
at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary of the Company; provided that such designation will be deemed to be an incurrence of Indebtedness by a Restricted Subsidiary of the Company of any outstanding
Indebtedness of such Unrestricted Subsidiary and such designation will only be permitted if (1) such Indebtedness is permitted under the Fixed Charge Coverage Ratio test set forth in the first paragraph of Section 4.09 hereof, calculated
on a pro forma basis as if such designation had occurred at the beginning of the four-quarter reference period, and (2) no Default or Event of Default would be in existence immediately following such designation. 

Section 4.18 Covenant Termination. 

If at any time (a) the rating assigned to the Notes by both S&P and Moody’s is an Investment Grade Rating and (b) no Default
has occurred and is continuing under this Indenture (excluding, for the avoidance of doubt, any Default under one or more of the provisions listed below; provided that such Default did not exist immediately prior to the transaction or series
of 

  
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related transactions resulting in the applicable change in ratings), then upon delivery by the Company to the Trustee of an Officers’ Certificate to the foregoing effect, the Company and its
Restricted Subsidiaries will no longer be subject to the following provisions of this Indenture: Sections 4.07, 4.08, 4.09, 4.10 or 4.11 or clause (d) of Section 5.01. The Company and its Restricted Subsidiaries will remain subject to all
other provisions of this Indenture, including, without limitation, Sections 4.03, 4.12, 4.13, 4.17 and 5.01 other than clause (d) thereof). For the avoidance of doubt, upon covenant termination as set forth in this Section 4.18, the
Company will continue to be able to incur secured Indebtedness as set forth under Section 4.12. 
 ARTICLE 5 

SUCCESSORS 
 The provisions of
Article Eight of the Original Indenture shall not apply to the Notes, and in lieu thereof the following provisions of this Article 5 shall apply to the Notes. 

Section 5.01 Merger, Consolidation, or Sale of Assets. 

The Company shall not, directly or indirectly, (1) consolidate or merge with or into another Person (whether or not the Company is the
surviving entity), or (2) sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of the properties or assets of the Company and its Restricted Subsidiaries taken as a whole, in one or more related transactions,
to another Person, unless: 
 (a) either (1) the Company is the surviving Person; or (2) the Person formed by or
surviving any such consolidation or merger (if other than the Company) or to which such sale, assignment, transfer, lease, conveyance or other disposition shall have been made is an entity organized or existing under the laws of the United States,
any state of the United States or the District of Columbia; provided that if the Company or such other Person is not a corporation, a Restricted Subsidiary of the Company that is a corporation organized or existing under the laws of the
United States, any state of the United States or the District of Columbia shall assume by supplemental indenture all obligations of the Company under the Notes and this Indenture as a co-issuer of the Notes;

 (b) the Person formed by or surviving any such consolidation or merger (if other than the Company) or the Person to which
such sale, assignment, transfer, lease, conveyance or other disposition shall have been made assumes by a supplemental indenture in a form satisfactory to the Trustee all the obligations of the Company under the Notes and this Indenture and assumes
by written agreement all obligations of the Company under the Registration Rights Agreement; 
 (c) immediately after such
transaction no Default or Event of Default exists; 
 (d) the Company or the Person formed by or surviving any such
consolidation or merger (if other than the Company), or to which such sale, assignment, transfer, lease, conveyance or other disposition shall have been made will, on the date of such transaction and after giving pro forma effect thereto and any
related financing transactions as if the same had occurred at the beginning of the applicable four-quarter period, either (a) be permitted to incur at least $1.00 of additional Indebtedness pursuant

  
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to the Fixed Charge Coverage Ratio test set forth in the first paragraph of Section 4.09 hereof or (b) have a Fixed Charge Coverage Ratio that is equal to or greater than the Fixed
Charge Coverage Ratio of the Company immediately prior to such consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition; 

(e) each Guarantor (unless it is the other party to the transactions described above, in which case Section 10.03 shall
apply) shall have by supplemental indenture confirmed that its Subsidiary Guarantee shall apply to such successor Person’s obligations under this Indenture and the Notes; and 

(f) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that
such consolidation, merger or disposition and such supplemental indenture (if any) comply with this Indenture; 
 provided, however, that
(i) this Section 5.01 shall not apply to any sale, assignment, transfer, lease, conveyance or other disposition of assets between or among the Company and its Restricted Subsidiaries and (ii) clauses (c) and (d) hereof shall not
apply to any merger or consolidation of the Company (a) with or into one of its Restricted Subsidiaries for any purpose or (b) with or into an Affiliate solely for the purpose of reincorporation (or the substantial equivalent) of the
Company in another jurisdiction. 
 Section 5.02 Successor Entity Substituted. 

Upon any consolidation or merger, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the
properties or assets of the Company and its Restricted Subsidiaries taken as a whole in accordance with Section 5.01 hereof, the successor entity formed by such consolidation or into or with which the Company is merged or to which such sale,
assignment, transfer, lease, conveyance or other disposition is made shall succeed to, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor entity had been named as the Company herein
and shall be substituted for the Company (so that from and after the date of such consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition, the provisions of this Indenture referring to the “Company” shall
refer instead to the successor entity and not to the Company); and thereafter, if the Company is dissolved following a transfer of all or substantially all of the properties or assets of the Company and its Restricted Subsidiaries taken as a whole
in accordance with this Indenture, the Company shall be discharged and released from all obligations and covenants under this Indenture and the Notes. The Trustee shall enter into a supplemental indenture to evidence the succession and substitution
of such successor Person and such discharge and release of the Company. 
 ARTICLE 6 

DEFAULTS AND REMEDIES 
 Section 6.01
Events of Default. 
 In accordance with Section 301(18) of the Original Indenture, Section 501 of the Original
Indenture is hereby amended to read in its entirety as follows with respect to the Notes: 

  
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 “An ‘Event of Default’ occurs if one of the following shall have occurred
and be continuing (whatever the reason for such Event of Default and whether it shall be involuntary or be effected by operation of law): 

(1) the Company defaults in the payment when due of interest with respect to the Notes, and such default continues for a period
of 30 days; 
 (2) the Company defaults in the payment when due of the principal of, or premium, if any, on the Notes,
whether upon Stated Maturity, redemption or otherwise; 
 (3) the Company fails to comply with the provisions of
Section 5.01 of this Fifth Supplemental Indenture or to consummate a purchase of Notes when required pursuant to Sections 4.10 or 4.15 of this Fifth Supplemental Indenture; 

(4) the Company fails to comply for 30 days after notice by the Trustee or Holders of 25% of the outstanding principal amount
of the Notes with Sections 4.07 and 4.09 or, except in the case of a failure to purchase Notes when required described above in clause (3), Sections 4.10 or 4.15; 

(5) the Company or any Guarantor fails to comply with any other covenant or other agreement in this Indenture or the Notes for
60 days (or 180 days in the case of a Reporting Failure) after notice to the Company by the Trustee or the Holders of at least 25% in principal amount of the Notes then outstanding of such failure; 

(6) a default occurs under any mortgage, indenture or instrument under which there may be issued or by which there may be
secured or evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries (or the payment of which is guaranteed by the Company or any of its Restricted Subsidiaries), whether such Indebtedness or guarantee now
exists, or is created after the Issue Date, if such default: 
 (a) is caused by a failure to pay principal of, or interest
or premium, if any, on such Indebtedness prior to the expiration of any grace period provided in such Indebtedness (a “Payment Default”); or 

(b) results in the acceleration of such Indebtedness prior to its Stated Maturity 

and, in each case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under which
there has been a Payment Default or the maturity of which has been so accelerated, aggregates $100.0 million or more; 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 20 days from the continuation of such default beyond the applicable grace period or the occurrence of such acceleration, as the case may be, such Event of Default under this Indenture and any consequential acceleration of
the Notes shall be automatically rescinded unless such rescission would conflict with any judgment or decree of a court of competent jurisdiction; 

  
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 (7) the Company or any of its Significant Subsidiaries fails to pay final
judgments aggregating in excess of $100.0 million, which judgments are not paid, discharged or stayed (including a stay pending appeal) for a period of 60 days after the date of such final judgment (or, if later, the date when payment is due
pursuant to such judgment); 
 (8) except as permitted by this Indenture, any Subsidiary Guarantee is held in any judicial
proceeding to be unenforceable or invalid or ceases for any reason to be in full force and effect or any Guarantor, or any Person acting on behalf of any Guarantor, denies or disaffirms its obligations under its Subsidiary Guarantee (other than by
reason of release of a Guarantor from its Subsidiary Guarantee in accordance with the terms of this Indenture); and 
 (9)
the Company, any Significant Subsidiary of the Company or any group of Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary pursuant to or within the meaning of Bankruptcy Law: 

(a) commences a voluntary case, 

(b) consents in writing to the entry of an order for relief against it in an involuntary case, 

(c) consents in writing to the appointment of a Custodian of it or for all or substantially all of its property, 

(d) makes a general assignment for the benefit of its creditors, or 

(e) admits in writing it generally is not paying its debts as they become due; or 

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

(a) is for relief against the Company or any of its Significant Subsidiaries or any group of Subsidiaries of the Company that,
taken together, would constitute a Significant Subsidiary in an involuntary case; 
 (b) appoints a Custodian of the Company,
any Significant Subsidiary of the Company or any group of Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary or for all or substantially all of the property of the Company, any Significant Subsidiary of the
Company or any group of Subsidiaries of the Company, that, taken together, would constitute a Significant Subsidiary; or 

(c) orders the liquidation of the Company, any Significant Subsidiary of the Company or any group of Subsidiaries of the
Company that, taken together, would constitute a Significant Subsidiary; 

  
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 and the order or decree remains unstayed and in effect for 60 consecutive days.” 

Section 6.02 Acceleration. 

As permitted by Section 301(18) of the Original Indenture, the first paragraph of Section 502 of the Original Indenture is hereby
amended to read in its entirety as follows with respect to the Notes: 
 “If any other Event of Default occurs and is continuing, the
Trustee, by notice to the Company, or the Holders of at least 25% in aggregate principal amount of the then outstanding Notes, by notice to the Company and the Trustee, may declare all the Notes to be due and payable immediately. Upon any such
declaration, the Notes shall become due and payable immediately, together with all accrued and unpaid interest and premium, if any, thereon. Notwithstanding the preceding, if an Event of Default specified in clause (9) or (10) of
Section 6.01 hereof occurs with respect to the Company, any Significant Subsidiary of the Company or any group of Subsidiaries of the Company that, taken together, would constitute a Significant Subsidiary, all outstanding Notes shall become
due and payable without further action or notice, together with all accrued and unpaid interest and premium, if any, thereon. 
 An Event of
Default for the Notes shall not necessarily constitute an Event of Default for any other series of debt securities that may be issued under this Indenture in the future and vice versa.” 

Section 6.03 Waiver of Usury, Stay or Extension of Laws. 

Section 515 of the Original Indenture shall not apply to the Notes inasmuch as it is duplicative of Section 4.06 of this Fifth
Supplemental Indenture. 
 ARTICLE 7 

TRUSTEE; REPORTS 
 Section 7.01 Notice of
Defaults. 
 With respect to the Notes only, the proviso in the first sentence of Section 602 of the Original Indenture shall
be deemed inapplicable. With respect to the Notes only, Section 602 of the Original Indenture is hereby amended to include the following: 

The Trustee may withhold from Holders notice of any continuing Default or Event of Default with respect to the Notes (except a Default or
Event of Default relating to the payment of principal of, or interest or premium, if any, on the Notes) if it determines in good faith that withholding notice is in their interest. The Trustee shall not be deemed to have notice of any Default or
Event of Default with respect to the Notes unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the
Trustee, and such notice references the Notes and this Fifth Supplemental Indenture. 

  
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 Section 7.02 Compensation and Reimbursement. 

With respect to the Notes only, Section 607 of the Original Indenture is hereby amended to include the following: 

As security for the performance of the obligations of the Company under this Section the Trustee shall have a lien prior to the Notes upon all
property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of (and premium, if any) or interest on particular Notes. 

In addition to, but without prejudice to its other rights under this Indenture, when the Trustee incurs expenses or renders services in
connection with an Event of Default specified in Sections 6.01(9) or 6.01(10) hereof, the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of
administration under any applicable federal or state bankruptcy, insolvency or other similar law. 
 “Trustee” for purposes
of this Section shall include any predecessor Trustee. 
 The provisions of this Section shall survive the satisfaction and discharge of the
Notes, the termination for any reason of this Indenture, and the resignation or removal of the Trustee. 
 Section 7.03 Reports by Company
and Subsidiary Guarantors. 
 Section 704 of the Original Indenture shall not apply to the Notes inasmuch as its requirements are
duplicative of those set forth in Section 4.03(a) of this Fifth Supplemental Indenture. 
 ARTICLE 8 

LEGAL DEFEASANCE AND COVENANT DEFEASANCE 

The provisions of Article Fifteen of the Original Indenture shall not apply to the Notes, and in lieu thereof the following provisions of this
Article 8 shall apply to the Notes. 
 Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance. 

The Company may, at its option and at any time, exercise its rights under either Section 8.02 or 8.03 hereof with respect to all
outstanding Notes upon compliance with the conditions set forth below in this Article 8. 
 Section 8.02 Legal Defeasance and Discharge.

 Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.02, the Company shall,
subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be deemed to have discharged its obligations with respect to all outstanding Notes, and each Guarantor shall be deemed to have discharged its obligations with
respect to its Subsidiary Guarantee, on the date the conditions set forth in Section 8.04 below are satisfied (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means that the Company shall be deemed to have
paid and discharged the entire Indebtedness represented by the 

  
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outstanding Notes, and each Guarantor shall be deemed to have paid and discharged its Subsidiary Guarantee (which in each case shall thereafter be deemed to be “outstanding” only for
the purposes of Section 8.05 hereof and the other Sections of this Fifth Supplemental Indenture and the Sections of the Original Indenture referred to in (a) and (b) below) and to have satisfied all its other obligations under such Notes
or Subsidiary Guarantee and this Indenture (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 to receive solely from the trust fund described in Section 8.04 hereof, and as more fully set forth in such Section, payments in respect of the principal of, and
interest and premium, if any, on such Notes when such payments are due, (b) the Company’s obligations with respect to such Notes under Sections 304, 305, 306, 1002 and 1003 of the Original Indenture and Section 4.02 hereof,
(c) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Company’s obligations in connection therewith and (d) the Legal Defeasance provisions of this Article 8. Subject to compliance with this Article 8,
the Company may exercise its option under this Section 8.02 notwithstanding the prior exercise of its option under Section 8.03 hereof. 

If the Company exercises its Legal Defeasance option, each Guarantor will be released and relieved of any obligations under its Subsidiary
Guarantee and any security for the Notes (other than the trust) will be released. 
 Section 8.03 Covenant Defeasance. 

Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03, the Company shall, subject
to the satisfaction of the conditions set forth in Section 8.04 hereof, be released from its obligations under the covenants contained in Article 4 hereof (other than those in Sections 4.01, 4.02, 4.06 and 4.14 hereof) and in clause (d) of
Section 5.01 hereof on and after the date the conditions set forth below are satisfied (hereinafter, “Covenant Defeasance”), and the Notes 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). For this purpose, Covenant Defeasance means that, with respect to the outstanding Notes, the Company and any Guarantor 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 with respect to the Notes under Section 501 of the Original Indenture (as amended by Section 6.01 of this Fifth Supplemental
Indenture), 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 hereof of the option applicable to this Section 8.03
hereof, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, Sections 6.01(5) through 6.01(7) of this Fifth Supplemental Indenture shall not constitute Events of Default with respect to the Notes. 

  
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 If the Company exercises its Covenant Defeasance option, each Guarantor will be released and
relieved of any obligations under its Subsidiary Guarantee and any security for the Notes (other than the trust) will be released. 
 Section 8.04
Conditions to Legal or Covenant Defeasance. 
 In order to exercise either Legal Defeasance or Covenant Defeasance: 

(i) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders of such Notes, cash in U.S. dollars, non-callable Government Securities, or a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally recognized investment bank, appraisal firm or firm of independent public
accountants, without consideration of any reinvestment, to pay the principal of, and interest and premium, if any, and interest on the outstanding Notes on Stated Maturity or on the applicable redemption date, as the case may be, and the Company
must specify whether the Notes are being defeased to the Stated Maturity or to a particular Redemption Date; 
 (ii) in the case of an
election under Section 8.02 hereof, the Company shall have delivered to the Trustee an Opinion of Counsel from counsel who is reasonably acceptable to the Trustee confirming that: 

(1) the Company has received from, or there has been published by, the Internal Revenue Service a ruling; or 

(2) since the Issue Date, there has been a change in the applicable 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 will not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will be subject to 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; 
 (iii) in the case of an election under Section 8.03 hereof, the Company shall
have delivered to the Trustee an Opinion of Counsel from counsel who is reasonably acceptable to the Trustee confirming that the Holders and Beneficial Owners of the outstanding Notes will not recognize income, gain or loss for federal income tax
purposes as a result of such Covenant Defeasance and will be subject to 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; 

(iv) no Default or Event of Default shall have occurred and be continuing on the date of such deposit (other than a Default or Event of Default
resulting from the borrowing of funds to be applied to such deposit and any similar concurrent deposit relating to other Indebtedness, and the granting of Liens to secure such borrowing); 

  
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 (v) such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or
constitute a default under, any material agreement or instrument (other than this Indenture and the agreements governing any other Indebtedness being defeased, discharged or replaced) to which the Company or any of its Subsidiaries is a party or by
which the Company or any of its Subsidiaries is bound; 
 (vi) 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 preferring the Holders over any other creditors of the Company or with the intent of defeating, hindering, delaying or defrauding creditors of the Company or others; and 

(vii) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions
precedent provided for or relating to the Legal Defeasance or the Covenant Defeasance have been complied with. 
 Section 8.05 Deposited Money and
Government Securities to be Held in Trust; Other Miscellaneous Provisions. 
 Subject to Section 8.06 hereof, all money and non-callable Government Securities (including the proceeds thereof) deposited with the Trustee pursuant to Section 8.04 hereof in respect of the outstanding Notes shall be held in trust and applied by the
Trustee, in accordance with the provisions of such Notes and the 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, if any, and interest, but such money need not be segregated from other funds except to the extent required by law. 

The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or non-callable Government Securities deposited pursuant to Section 8.04 or 8.08 hereof 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. 
 Anything in this Article 8 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 non-callable Government Securities held by it as provided in Section 8.04 hereof which, in the opinion of a
nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.04(i) hereof), are in excess of the amount thereof that would
then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance, as the case may be. 
 Section 8.06 Repayment to
Company. 
 Subject to applicable escheat and abandoned property laws, 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 or premium or interest on any Note and remaining unclaimed for two years after such principal, premium 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, as a secured creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying
Agent with respect to such trust money, 

  
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and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such
repayment, may at the expense of the Company 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 will be repaid to the Company. 

Section 8.07 Reinstatement. 

If the Trustee or Paying Agent is unable to apply any United States dollars or non-callable Government
Securities in accordance with Section 8.05 hereof, 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 under this
Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with
Section 8.05 hereof; provided, however, that, if the Company makes any payment of principal of, premium, if any, or interest on any Note 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. 
 Section 8.08 Discharge. 

This Indenture shall be satisfied and discharged (a “Discharge”) and shall cease to be of further effect as to all Notes
issued hereunder, upon the terms and conditions, and subject to the exceptions, set forth in Article Four of the Original Indenture, excluding the terms and conditions set forth in clause (4) of Section 401 under the Original Indenture.

 ARTICLE 9 
 AMENDMENT,
SUPPLEMENT AND WAIVER 
 Section 9.01 Without Consent of Holders of Notes. 

Section 901 of the Original Indenture is hereby amended to read in its entirety as follows with respect to the Notes: 

“Notwithstanding Section 902 of this Indenture, the Company, the Guarantors and the Trustee may amend or supplement this Indenture,
the Notes or the Subsidiary Guarantees without the consent of any Holder of a Note: 
 (i) to cure any ambiguity, omission, defect or
inconsistency; 
 (ii) to provide for uncertificated Notes in addition to or in place of certificated Notes; 

(iii) to provide for the assumption of the Company’s or a Guarantor’s obligations to the Holders of Notes pursuant to Article 5 or
Section 10.03 of this Fifth Supplemental Indenture; 

  
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 (iv) to make any change that would provide any additional rights or benefits to the Holders or
that does not adversely affect the legal rights hereunder of any Holder; 
 (v) to secure the Notes or the Subsidiary Guarantees; 

(vi) to provide for the issuance of Additional Notes in accordance with the limitations set forth in this Indenture; 

(vii) to add any additional Guarantor with respect to the Notes or to evidence the release of any Guarantor from its Subsidiary Guarantee in
accordance with Article 10 of this Fifth Supplemental Indenture; 
 (viii) to comply with requirements of the Commission in order to
effect or maintain the qualification of this Indenture under the TIA; 
 (ix) to evidence or provide for the acceptance of appointment under
this Indenture of a successor Trustee; 
 (x) to provide for the issuance of Exchange Notes or private exchange notes (which shall be
identical to Exchange Notes except that they will not be freely transferable) and which shall be treated, together with any outstanding notes, as a single class of securities; 

(xi) to conform the text of this Indenture, the Notes or the Subsidiary Guarantees to any provision of the “Description of notes” in
the offering memorandum relating to the offering of the Initial Notes; and 
 (xii) make any amendment to the provisions of this Indenture
relating to the transfer and legending of Notes as permitted by this Indenture, including, without limitation, to facilitate the issuance and administration of the Notes, the Exchange Notes or, if incurred in compliance with this Indenture,
Additional Notes; provided, however, that (A) compliance with this Indenture as so amended would not result in Notes being transferred in violation of the Securities Act or any applicable securities law and (B) such amendment
does not materially and adversely affect the rights of Holders to transfer Notes. 
 Upon the request of the Company accompanied by a
resolution of its Board of Directors authorizing the execution of any such amended or supplemental indenture, and upon receipt by the Trustee of the Opinion of Counsel described in Section 9.03 hereof, the Trustee shall join with the Company
and the Guarantors in the execution of such 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. 

It shall not be necessary for the consent of the Holders of Notes under this Section 9.01 to approve the particular form of any proposed
amendment, supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 

  
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 Section 9.02 With Consent of Holders of Notes. 

Section 902 of the Original Indenture is hereby amended to read in its entirety as follows with respect to the Notes: 

“Except as provided above in Section 901 and below in this Section 902, the Company, the Guarantors and the Trustee may amend
or supplement this Indenture, the Notes or the Subsidiary Guarantees may be amended or supplemented with the consent of the Holders of at least a majority in aggregate principal amount of the Notes then outstanding (including, without limitation,
consents obtained in connection with a purchase of, or tender offer or exchange offer for, Notes), and, subject to Sections 508 and 513 hereof, any existing Default or Event of Default with respect to the Notes or compliance with any provision of
this Indenture, the Notes or the Subsidiary Guarantees may be waived with the consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes (including, without limitation, consents obtained in connection
with a purchase of, or tender offer or exchange offer for Notes). 
 Upon the request of the Company accompanied by a resolution of its
Board of Directors authorizing the execution of any such amended or supplemental indenture, and upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders of Notes as aforesaid, and upon receipt by the
Trustee of the Opinion of Counsel described in Section 903 hereof, the Trustee shall join with the Company and the Guarantors in the execution of such amended or supplemental indenture unless such amended or supplemental indenture 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. 

It shall not be necessary for the consent of the Holders of Notes under this Section 902 to approve the particular form of any proposed
amendment, supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 
 After an amendment,
supplement or waiver under this Section becomes effective, the Company shall mail to the Holders of Notes 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. Subject to Sections 508 and 513 hereof and to the last paragraph of this Section 902, the Holders of a majority in
principal amount of the Notes then outstanding may waive compliance in a particular instance by the Company with any provision of this Indenture or the Notes. However, without the consent of each Holder affected, an amendment, supplement or waiver
may not (with respect to any Notes held by a non-consenting Holder): 
 (a) reduce the principal
amount of Notes whose Holders must consent to an amendment, supplement or waiver; 
 (b) reduce the principal of or change the Stated
Maturity of any Note or reduce the premium payable upon the redemption of any Note pursuant to Section 3.02, change the time at which any Note may be redeemed pursuant to Section 3.02 or make any change relative to the Company’s
obligation to purchase the Notes as a result of a Change of Control Triggering Event or an Asset Sale after (but not before) the occurrence of the applicable Change of Control Triggering Event or Asset Sale; 

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

(d) waive a Default or Event of Default in the payment of principal of or premium, if any, or interest on the Notes (except a rescission of
acceleration of the Notes by the Holders of at least a majority in principal amount of the Notes and a waiver of the payment default that resulted from such acceleration); 

(e) make any Note payable in money other than that stated in the Notes; 

(f) make any change in the provisions of this Indenture relating to waivers of past Defaults or Events of Default or the rights of Holders of
Notes to receive payments of principal of, or interest or premium, if any, on the Notes (except as permitted in clause (g) below); 

(g) waive a redemption or repurchase payment with respect to any Note (other than a payment required by Sections 3.04, 4.10 and 4.15 of this
Fifth Supplemental Indenture); 
 (h) release any Guarantor from any of its obligations under its Subsidiary Guarantee or this Indenture,
except in accordance with the terms of this Indenture; or 
 (i) make any change in the preceding amendment, supplement and waiver
provisions.” 
 Section 9.03 Revocation and Effect of Consents. 

A consent to any amendment, supplement or waiver under this Indenture by any Holder given in connection with a purchase, tender or exchange of
such Holder’s Notes shall not be rendered invalid by such purchase, tender or exchange. 
 Until an amendment, supplement or waiver
becomes effective, a consent to it by a Holder of a Note is a continuing consent by the Holder of a Note and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation
of the consent is not made on any Note. However, any such Holder of a Note or subsequent Holder of a Note may revoke the consent as to its Note if the Trustee receives written notice of revocation before the date the waiver, supplement or amendment
becomes effective. An amendment, supplement or waiver becomes effective in accordance with its terms and thereafter binds every Holder. 

The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to consent to any
amendment, supplement or waiver. If a record date is fixed, then notwithstanding the last sentence of the immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons,
shall be entitled to consent to such amendment or waiver or revoke any consent previously given, whether or not such Persons continue to be Holders after such record date. No consent shall be valid or effective for more than 90 days after such
record date except to the extent that the requisite number of consents to the amendment, supplement or waiver have been obtained within such 90-day period or as set forth in the next paragraph of this
Section 9.03. 

  
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 After an amendment, supplement or waiver becomes effective, it shall bind every Holder, unless it
makes a change described in any of clauses (a) through (i) of Section 902 of this Indenture, in which case, the amendment, supplement or waiver shall bind only each Holder of a Note who has consented to it and every subsequent Holder of a
Note or portion of a Note that evidences the same indebtedness as the consenting Holder’s Note. 
 ARTICLE 10 

GUARANTEES OF NOTES 
 The Notes
shall have the benefit of Subsidiary Guarantees. The provisions of Article Thirteen of the Original Indenture shall not apply to the Notes, and in lieu thereof the following provisions of this Article 10 shall apply to the Notes. 

Section 10.01 Subsidiary Guarantees. 

Subject to this Article 10, each of the Guarantors hereby, jointly and severally, unconditionally guarantees 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 Fifth Supplemental Indenture or this Indenture, the Notes held thereby and the Obligations of the
Company hereunder and thereunder, that: (a) the principal of and premium, if any, and interest on the Notes will be promptly paid in full when due, subject to any applicable grace period, whether at Stated Maturity, by acceleration, upon
repurchase or redemption or otherwise, and interest on the overdue principal of and premium, if any, and (to the extent permitted by law) interest on the Notes, and all other payment Obligations of the Company to the Holders or the Trustee hereunder
or thereunder will be promptly paid in full and performed, all in accordance with the terms hereof and thereof; and (b) in case of any extension of time of payment or renewal of any Notes or any of such other Obligations, the same will be
promptly paid in full when due or performed in accordance with the terms of the extension or renewal, subject to any applicable grace period, whether at Stated Maturity, by acceleration, upon repurchase or redemption or otherwise. Failing payment
when so due of any amount so guaranteed for whatever reason, the Guarantors will be jointly and severally obligated to pay the same immediately. An Event of Default with respect to the Notes under this Indenture shall constitute an event of default
under the Subsidiary Guarantees, and shall entitle the Holders to accelerate the obligations of the Guarantors hereunder in the same manner and to the same extent as the Obligations of the Company. 

The Guarantors hereby agree that their obligations hereunder shall be unconditional, irrespective of the validity, regularity or
enforceability of the Notes or this Fifth Supplemental Indenture or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder 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 (other than complete performance) which might otherwise constitute a legal or equitable discharge or defense of a Guarantor. Each Guarantor further, to the extent
permitted by law, hereby waives 

  
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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 covenants that its Subsidiary Guarantee will not be discharged except by complete performance of the Obligations contained in the Notes and this Indenture. 

If any Holder or the Trustee is required by any court or otherwise to return to the Company, the Guarantors, or any Custodian, Trustee or
other similar official acting in relation to either the Company or the Guarantors, any amount paid by the Company or any Guarantor to the Trustee or such Holder, the Subsidiary Guarantees, to the extent theretofore discharged, shall be reinstated in
full force and effect. Each Guarantor agrees that it shall not be entitled to, and hereby waives, any right of subrogation in relation to the Holders in respect of any 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,
(a) the maturity of the Obligations guaranteed hereby may be accelerated as provided in Article Five of the Original Indenture for the purposes of its Subsidiary Guarantee, notwithstanding any stay, injunction or other prohibition preventing
such acceleration in respect of the Obligations guaranteed thereby, and (b) in the event of any declaration of acceleration of such Obligations as provided in Article Five of the Original Indenture, such Obligations (whether or not due and
payable) shall forthwith become due and payable by the Guarantor for the purpose of its Subsidiary Guarantee. The Guarantors shall have the right to seek contribution from any non-paying Guarantor so long as
the exercise of such right does not impair the rights of the Holders under the Subsidiary Guarantees. 
 Section 10.02 Notation of Subsidiary
Guarantees. 
 The Subsidiary Guarantees shall be evidenced by the execution and delivery of this Fifth Supplemental Indenture or a
supplement to this Indenture and no notation of any Subsidiary Guarantee need be endorsed on any Note, notwithstanding any contrary provision of the Original Indenture. 

Section 10.03 Guarantors May Consolidate, Etc., on Certain Terms. 

(a) A Guarantor shall not consolidate or merge with or into another Person (whether or not the Guarantor is the surviving entity), or sell,
assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets, in one or more related transactions, to another Person (other than the Company or another Guarantor), unless, (i) immediately after
giving effect to such transaction, no Default or Event of Default exists, and (ii) either (1) the Person acquiring the properties or assets in any such sale or other disposition or the Person formed by or surviving any such consolidation or
merger (if other than such Guarantor) unconditionally assumes by a supplemental indenture in a form satisfactory to the Trustee all the obligations of such Guarantor under the Notes, this Indenture and its Subsidiary Guarantee on terms set forth
therein and shall have by written agreement confirmed that its obligations under the Registration Rights Agreement shall continue to be in effect, or (2) the Net Proceeds of such sale or other disposition are applied in accordance with the
provisions of Section 4.10 hereof. 

  
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 (b) In the case of any such consolidation or merger and upon the assumption by the successor
Person, by supplemental indenture described in clause (a) of this Section 10.03, executed and delivered to the Trustee, of the Subsidiary Guarantee and the due and punctual performance of all of the covenants of this Indenture to be
performed by the Guarantor, such successor Person shall succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor. 

Section 10.04 Releases of Subsidiary Guarantees. 

The Subsidiary Guarantee of a Guarantor shall be released: 

(1) in connection with any sale or other disposition of all or substantially all of the properties or assets of such Guarantor
(including by way of merger or consolidation) to a Person that is not (either before or after giving effect to such transaction) a Subsidiary of the Company, if the sale or other disposition complies with Section 4.10 hereof; provided
that (i) all Subsidiary Guarantees and other obligations of such Guarantor in respect of all other Indebtedness of the Company and its Restricted Subsidiaries terminate upon consummation of such transaction and (ii) any Investment of
the Company or any other Subsidiary of the Company (other than any Subsidiary of such Guarantor) in such Guarantor or any Subsidiary of such Guarantor in the form of an Obligation or preferred stock is repaid, satisfied, released and discharged in
full upon such release; or 
 (2) in connection with any sale or other disposition of all of the Capital Stock of such
Guarantor to a Person that is not (either before or after giving effect to such transaction) a Subsidiary of the Company, if the sale or other disposition complies with Section 4.10 hereof; provided that (i) all Subsidiary
Guarantees and other obligations of such Guarantor in respect of all other Indebtedness of the Company and its Restricted Subsidiaries terminate upon consummation of such transaction and (ii) any Investment of the Company or any other
Subsidiary of the Company (other than any Subsidiary of such Guarantor) in such Guarantor or any Subsidiary of such Guarantor in the form of an Obligation or preferred stock is repaid, satisfied, released and discharged in full upon such release; or

 (3) in the case of any Restricted Subsidiary which after the Issue Date is required to guarantee the Notes pursuant to
Section 4.13 upon the release or discharge in full from its obligations as a borrower or guarantor (as the case may be) under the Credit Agreement and any Capital Markets Indebtedness which resulted, or would result, in such Restricted
Subsidiary’s obligation to guarantee the Notes pursuant to Section 4.13 (including by reason of the termination of the Credit Agreement or such Capital Markets Indebtedness but excluding, if such Restricted Subsidiary was a guarantor under
the Credit Agreement or such other Capital Markets Indebtedness, a release or discharge as a result of repayment under its guarantee thereof); so long as such Restricted Subsidiary does not thereafter become a borrower or guarantor under the Credit
Agreement or incur or guarantee Capital Markets Indebtedness which would result in such Restricted Subsidiary’s obligation to guarantee the Notes pursuant to Section 4.13 without also guaranteeing the Notes; or 

  
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 (4) if the Company designates any Restricted Subsidiary that is a Guarantor as an
Unrestricted Subsidiary in accordance with the applicable provisions of this Indenture; or 
 (5) upon Legal Defeasance or
Covenant Defeasance or Discharge in accordance with Article 8 hereof. 
 Upon delivery by the Company to the Trustee of an Officers’
Certificate to the effect that any of the foregoing clauses (1) – (5) has occurred, the Trustee shall execute any documents reasonably requested by the Company in order to evidence the release of any Guarantor from its obligations under its
Subsidiary Guarantee. Any Guarantor not released from its obligations under its Subsidiary Guarantee shall remain liable for the full amount of principal of, premium, if any, and interest on the Notes and for the other obligations of such Guarantor
under this Indenture as provided in this Article 10. 
 Section 10.05 Limitation on Guarantor Liability. 

The obligations of each Guarantor under its Subsidiary Guarantee will be limited to the maximum amount as will, 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 Subsidiary Guarantee or
pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under its Subsidiary Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal or state law and not otherwise
being void or voidable under any similar laws affecting the rights of creditors generally. 
 Section 10.06 “Trustee”
to Include Paying Agent. 
 In case at any time any Paying Agent other than the Trustee shall have been appointed by the Company
and be then acting hereunder, the term “Trustee” as used in this Article 10 shall in each case (unless the context shall otherwise require) be construed as extending to and including such Paying Agent within its meaning as fully and for
all intents and purposes as if such Paying Agent were named in this Article 10 in place of the Trustee. 
 ARTICLE 11 

MISCELLANEOUS 
 Section 11.01 Fifth
Supplemental Indenture Controls. 
 To the extent that there is any conflict or inconsistency between the Original Indenture and
this Fifth Supplemental Indenture, the provisions of this Fifth Supplemental Indenture shall control. 
 Section 11.02 No Personal Liability of
Directors, Officers, Employees and Stockholders. 
 No director, officer, employee, incorporator or stockholder or other owner of
Capital Stock of the Company or any Guarantor, as such, shall have any liability for any obligations of the Company or any Guarantor under the Notes, the Subsidiary Guarantees or this Indenture or for any claim based on, in respect of, or by reason
of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes and the Subsidiary Guarantees. 

  
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 Section 11.03 Governing Law; Waiver of Jury Trial; Submission to Jurisdiction. 

THIS FIFTH SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. EACH
OF THE PARTIES HERETO AND EACH HOLDER, BY ITS ACCEPTANCE OF A NOTE, HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR
RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY OR THEREBY. EACH OF THE COMPANY AND THE TRUSTEE SUBMIT TO THE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN THE COUNTY OF NEW YORK, AND OF THE UNITED
STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN, THE CITY OF NEW YORK, IN ANY ACTION OR PROCEEDING TO ENFORCE ANY OF ITS OBLIGATIONS UNDER THIS INDENTURE OR WITH REGARD TO THE NOTES (BUT THE COMPANY
AND THE TRUSTEE WILL NOT BE PREVENTED FROM REMOVING ANY SUCH ACTION OR PROCEEDING FROM A STATE COURT TO THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN, THE CITY OF NEW YORK). 

Section 11.04 Force Majeure. 
 In no
event shall the Trustee be responsible or liable, nor shall the Company be responsible or liable to the Trustee, for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces
beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, and nuclear or natural catastrophes or acts of God; it being understood that the Trustee or the
Company, as the case may be, shall use reasonable efforts which are consistent with accepted practices to resume performance as soon as practicable under the circumstances; provided that the foregoing limitations shall not apply to any
obligations of Company or the Guarantors under the Notes. 
 Section 11.05 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 its Subsidiaries or of any other
Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 
 Section 11.06 Table of Contents and
Headings. 
 The Table of Contents and headings of the Articles and Sections of this Fifth Supplemental Indenture have been
inserted for convenience of reference only, are not to be considered a part of this Fifth Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof. 

  
 73 

 Section 11.07 Counterparts. 

This Fifth Supplemental Indenture may be signed in counterparts and by the different parties hereto in separate counterparts, each of which
shall constitute an original and all of which together shall constitute one and the same instrument. 
 Section 11.08 Tax Withholding. 

Notwithstanding any other provision of the Original Indenture or this Fifth Supplemental Indenture, the Trustee shall be entitled to make a
deduction or withholding from any payment which it makes under this Fifth Supplemental Indenture for or on account of any present or future taxes, duties or charges if and to the extent so required by any applicable law and any current or future
regulations or agreements thereunder or official interpretations thereof or any law implementing an intergovernmental approach thereto or by virtue of the relevant holder failing to satisfy any certification or other requirements in respect of the
Notes, in which event the Trustee shall make such payment after such withholding or deduction has been made and shall account to the relevant authorities for the amount so withheld or deducted and shall have no obligation to gross up any payment
hereunder or pay any additional amount as a result of such withholding tax. 
 Section 11.09 Certain Right of Trustee. 

Section 603(5) of the Original Indenture is hereby amended to read in its entirety as follows with respect to the Notes: 

“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 pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by it in
compliance with such request or direction.” 
 Section 11.10 Conflicting Interests. 

Section 608 of the Original Indenture is hereby amended to read in its entirety as follows with respect to the Notes: 

“If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the Trustee shall either
eliminate such interest within 90 days, apply to the Commission for permission to continue or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted
by such Act, the Trustee shall not be deemed to have a conflicting interest by virtue of being a trustee under this Indenture with respect to Securities of more than one series.” 

  
 74 

 Section 11.11 Not Responsible for Recitals or Issuance of the Notes. 

The recitals contained herein and in the Notes and the Subsidiary Guarantees, except the Trustee’s certificates of authentication, shall
be taken as the statements of the Company or the Subsidiary Guarantors, as the case may be, and neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the
validity or sufficiency of this Indenture or of the Notes or the Subsidiary Guarantees. Neither the Trustee nor any Authenticating Agent shall be accountable for the use or application by the Company of Securities or the proceeds thereof. 

[Signatures on following page] 

  
 75 

 
					
	 SIGNATURES
  

COMPANY:
  

WHITING PETROLEUM CORPORATION

		
	By:	 	 /s/ Michael J. Stevens

		 	Name:	 	Michael J. Stevens
		 	Title:	 	Senior Vice President and
		 		 	Chief Financial Officer
	
	 GUARANTORS:
  

WHITING OIL AND GAS CORPORATION

		
	By:	 	 /s/ Michael J. Stevens

		 	Name:	 	Michael J. Stevens
		 	Title:	 	Senior Vice President and
		 		 	Chief Financial Officer
	
	WHITING US HOLDING COMPANY
		
	By:	 	 /s/ Michael J. Stevens

		 	Name:	 	Michael J. Stevens
		 	Title:	 	Senior Vice President and
		 		 	Chief Financial Officer
	
	WHITING CANADIAN HOLDING COMPANY ULC
		
	By:	 	 /s/ Michael J. Stevens

		 	Name:	 	Michael J. Stevens
		 	Title:	 	Senior Vice President and
		 		 	Chief Financial Officer
	
	WHITING RESOURCES CORPORATION
		
	By:	 	 /s/ Michael J. Stevens

		 	Name:	 	Michael J. Stevens
		 	Title:	 	Senior Vice President and
		 		 	Chief Financial Officer

 [Signature Page to Fifth Supplemental Indenture] 

 
					
	THE BANK OF NEW YORK MELLON
	 TRUST COMPANY, N.A.,
 as
Trustee

		
	By:	 	 /s/ Richard Tarnas

		 	Name:	 	Richard Tarnas
		 	Title:	 	Vice President

 [Signature Page to Fifth Supplemental Indenture] 

 RULE 144A/REGULATION S APPENDIX 

ARTICLE 1 
 PROVISIONS RELATING TO
INITIAL NOTES AND ADDITIONAL NOTES 
 Section 1.01 Definitions 

(a) Definitions. For the purposes of this Appendix the following terms shall have the meanings indicated below: 

“Depositary” means The Depository Trust Company, its nominees and their respective successors. 

“Notes” means the Initial Notes and the Additional Notes, treated as a single class. 

“Purchase Agreement” means (1) with respect to the Initial Notes issued on the Issue Date, the Purchase Agreement dated
December 12, 2017 among the Company, the Guarantors and the initial purchasers named therein, and (2) with respect to each issuance of Additional Notes, the purchase agreement or underwriting agreement among the Company and the Persons
purchasing such Additional Notes. 
 “QIB” means a “qualified institutional buyer” as defined in Rule 144A under
the Securities Act. 
 “Registration Rights Agreement” means (1) with respect to the Initial Notes issued on the Issue
Date, the Registration Rights Agreement dated the Issue Date and (2) with respect to each issuance of Additional Notes issued in a transaction exempt from the registration requirements of the Securities Act, the registration rights agreement,
if any, among the Company and the Persons purchasing such Additional Notes under the related Purchase Agreement. 
 “Shelf
Registration Statement” means the shelf registration statement issued by the Company in connection with the offer and sale of Initial Notes pursuant to a Registration Rights Agreement. 

“Transfer Restricted Securities” means Notes that bear or are required to bear the legend set forth in Section 2.03(b)
hereof. 
 Section 1.02 Other Definitions. 
  

					
	 Term
	  	Defined in Section	 
	 “Agent Members”
	  	 	2.01	(b) 
	 “Distribution Compliance Period”
	  	 	2.01	(b) 
	 “Global Notes”
	  	 	2.01	(a) 
	 “Regulation S”
	  	 	2.01	(a) 
	 “Regulation S Notes”
	  	 	2.01	(a) 
	 “Restricted Global Note”
	  	 	2.01	(a) 
	 “Rule 144A”
	  	 	2.01	(a) 
	 “Rule 144A Notes”
	  	 	2.01	(a) 

  
 App-1 

 ARTICLE 2 

THE NOTES 
 Section 2.01 

(a) Form and Dating. Initial Notes offered and sold to QIBs in reliance on Rule 144A (“Rule 144A Notes”) under the
Securities Act (“Rule 144A”) or in reliance on Regulation S (“Regulation S Notes”) under the Securities Act (“Regulation S”), in each case as provided in a Purchase Agreement, shall be issued
initially in the form of one or more permanent global Notes in definitive, fully registered form without interest coupons with the global Notes legend and restricted Notes legend set forth in Annex A to this Fifth Supplemental Indenture (each, a
“Restricted Global Note”), which shall be deposited on behalf of the purchasers of the Initial Notes represented thereby with the Trustee, as custodian for the Depositary (or with such other custodian as the Depositary may direct),
and registered in the name of the Depositary or a nominee of the Depositary, duly executed by the Company and authenticated by the Trustee as hereinafter provided. Beneficial interests in a Restricted Global Note representing Initial Notes sold in
reliance on either Rule 144A or Regulation S may be held through Euroclear or Clearstream, as indirect participants in the Depositary. The aggregate principal amount of the Global Notes may from time to time be increased or decreased by adjustments
made on the records of the Trustee and the Depositary or its nominee as hereinafter provided. Additional Notes or other Notes, in each case that are not Transfer Restricted Securities, shall be issued in global form (with the global Notes legend set
forth in Annex A) or in certificated form as provided in this Indenture. Notes issued in global form and Restricted Global Notes are sometimes referred to in this Appendix as “Global Notes.” The Global Notes are “Global
Securities” within the meaning of this Indenture, and shall be subject to the further provisions of this Indenture with respect thereto. 

(b) Book-Entry Provisions. This Section 2.01(b) shall apply only to a Global Note deposited with or on behalf of the Depositary.
The Company shall execute and the Trustee shall, in accordance with this Section 2.01(b) and this Indenture, authenticate and deliver initially one or more Global Notes that (a) shall be registered in the name of the Depositary for such
Global Note or Global Notes or the nominee of such Depositary and (b) shall be delivered by the Trustee to such Depositary or pursuant to such Depositary’s instructions or held by the Trustee as custodian for the Depositary. If such Global
Notes are Restricted Global Notes, then separate Global Notes shall be issued to represent Rule 144A Notes and Regulation S Notes so long as required by law or the Depositary. 

Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under this Indenture with respect to
any Global Note held on their behalf by the Depositary or by the Trustee as the custodian of the Depositary or under such Global Note, and the Company, the Trustee and any agent of the Company or the Trustee shall be entitled to treat the Depositary
as the absolute owner of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to any written certification,
proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices of such Depositary governing the exercise of the rights of a holder of a beneficial interest in
any Global Note. 

  
 App-2 

 Until the 40th day after the later of the commencement of the offering of any Initial Notes and
the original issue date of such Initial Notes (such period, the “Distribution Compliance Period”), a beneficial interest in a Restricted Global Note representing Regulation S Notes may be transferred to a Person who takes delivery
in the form of an interest in a Restricted Global Note representing Rule 144A Notes only if the transferor first delivers to the Trustee a written certificate (in the form provided in the form of Note in Annex A) to the effect that such transfer is
being made to a Person who the transferor reasonably believes is purchasing for its own account or accounts as to which it exercises sole investment discretion and that such Person is a QIB, in each case in a transaction meeting the requirements of
Rule 144A and in accordance with any applicable securities laws of any state of the United States or any other jurisdiction. After the expiration of the Distribution Compliance Period, such certification requirements shall not apply to such
transfers of beneficial interests in a Restricted Global Note representing Regulation S Notes. 
 Beneficial interests in a Restricted
Global Note representing Rule 144A Notes may be transferred to a Person who takes delivery in the form of an interest in a Restricted Global Note representing Regulation S Notes, whether before or after the expiration of the Distribution Compliance
Period, only if the transferor first delivers to the Trustee a written certificate (in the form provided in the form of Note in Annex A) to the effect that such transfer is being made in accordance with Rule 904 of Regulation S or Rule 144 (if
available). 
 (c) Certificated Notes. Except as provided in this Indenture, owners of beneficial interests in Restricted Global Notes
shall not be entitled to receive physical delivery of certificated Notes. Certificated Notes shall not be exchangeable for beneficial interests in Global Notes. 

Section 2.02 Authentication. The Trustee shall authenticate and deliver Notes as provided in this Indenture. 

Section 2.03 Transfer and Exchange. 

(a) Transfer and Exchange of Global Notes. 

(1) The transfer and exchange of Global Notes or beneficial interests therein shall be effected through the Depositary, in
accordance with this Indenture (including applicable restrictions on transfer set forth herein, if any) and the procedures of the Depositary therefor. A transferor of a beneficial interest in a Global Note shall deliver to the Registrar a written
order given in accordance with the Depositary’s procedures containing information regarding the participant account of the Depositary to be credited with a beneficial interest in the Global Note. The Registrar shall, in accordance with such
instructions instruct the Depositary to credit to the account of the Person specified in such instructions a beneficial interest in the Global Note and to debit the account of the Person making the transfer the beneficial interest in the Global Note
being transferred. 

  
 App-3 

 (2) Notwithstanding any other provisions of this Appendix, a Global Note may not
be transferred as a whole except by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or a
nominee of such successor Depositary. 
 (3) In the event that a Restricted Global Note is exchanged for Notes in
certificated form pursuant to this Indenture, prior to the effectiveness of a Shelf Registration Statement with respect to such Notes, such Notes may be exchanged only in accordance with such procedures as are substantially consistent with the
provisions of this Section 2.03 (including the certification requirements set forth on the reverse of the Initial Notes intended to ensure that such transfers comply with Rule 144A or Regulation S, as the case may be) and such other procedures
as may from time to time be adopted by the Company. 
 (b) Restricted Notes Legend. 

(1) Except as permitted by the following paragraphs (2) and (3), each Note certificate evidencing the Restricted Global
Notes (and all Notes issued in exchange therefor or in substitution thereof) shall bear a 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 OR 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 [IN THE
CASE OF RULE 144A NOTES: SIX MONTHS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE ISSUANCE OF ANY ADDITIONAL NOTES 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),] [IN THE CASE OF REGULATION S NOTES: 40 DAYS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE ISSUANCE OF ANY ADDITIONAL NOTES AND THE DATE ON WHICH THIS SECURITY (OR
ANY PREDECESSOR OF SUCH SECURITY) WAS FIRST OFFERED TO PERSONS OTHER THAN DISTRIBUTORS (AS DEFINED IN RULE 902 OF REGULATION S) IN RELIANCE ON REGULATION S], ONLY (A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION

  
 App-4 

 
STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”), TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A 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, (D) PURSUANT TO OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT, (E) TO
AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AND THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER
INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL AMOUNT OF SECURITIES OR (F) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE COMPANY’S AND THE
TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D), (E) OR (F) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/ OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE
REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE. [IN THE CASE OF REGULATION S NOTES: BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF REPRESENTS THAT IT IS NOT A U.S. PERSON NOR IS IT PURCHASING FOR THE ACCOUNT OF A
U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT.] 
 BY ITS
ACQUISITION OF THIS SECURITY OR ANY INTEREST HEREIN, THE HOLDER THEREOF WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT (A) EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY OR ANY INTEREST HEREIN
CONSTITUTES THE ASSETS OF (I) AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), (II)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 (III)AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, 

  
 App-5 

 
ACCOUNT OR ARRANGEMENT DESCRIBED IN CLAUSE (I) OR (II) (EACH OF THE FOREGOING DESCRIBED IN CLAUSES (I), (II) AND (III), COLLECTIVELY, REFERRED TO AS A “PLAN”), OR (2) THE
ACQUISITION AND HOLDING OF THIS SECURITY OR ANY INTEREST HEREIN 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, AND (B) IF THE HOLDER IS USING ASSETS OF ANY PLAN SUBJECT TO TITLE I OF ERISA OR SECTION 4975 OF THE CODE (AN “ERISA PLAN”) TO ACQUIRE OR HOLD THIS SECURITY OR ANY INTEREST HEREIN, SUCH ERISA PLAN WILL BE
DEEMED TO REPRESENT AND WARRANT THAT (I) NONE OF ISSUER, THE INITIAL PURCHASERS OR THE SUBSIDIARY GUARANTORS, OR ANY OF THEIR RESPECTIVE AFFILIATES (COLLECTIVELY, THE “RELEVANT PARTIES”) HAS ACTED AS THE ERISA PLAN’S FIDUCIARY,
OR HAS BEEN RELIED UPON FOR ANY ADVICE, WITH RESPECT TO THE ERISA PLAN’S DECISION TO ACQUIRE, HOLD, SELL, EXCHANGE, VOTE OR PROVIDE ANY CONSENT WITH RESPECT TO THIS SECURITY AND ANY INTEREST HEREIN AND NONE OF THE RELEVANT PARTIES SHALL AT ANY
TIME BE RELIED UPON AS THE ERISA PLAN’S FIDUCIARY WITH RESPECT TO THE ERISA PLAN’S DECISION TO ACQUIRE, HOLD, SELL, EXCHANGE, VOTE OR PROVIDE ANY CONSENT WITH RESPECT TO THIS SECURITY OR ANY INTEREST HEREIN AND (II) THE DECISION TO
INVEST IN THIS SECURITY AND ANY INTEREST HEREIN HAS BEEN MADE AT THE RECOMMENDATION OR DIRECTION OF AN “INDEPENDENT FIDUCIARY” (“INDEPENDENT FIDUCIARY”) WITHIN THE MEANING OF U.S. CODE OF FEDERAL REGULATIONS 29 C.F.R. SECTION 2510.3-21(C), AS AMENDED FROM TIME TO TIME (THE “FIDUCIARY RULE”), WHO (A) IS INDEPENDENT OF THE RELEVANT PARTIES; (B) IS CAPABLE OF EVALUATING INVESTMENT RISKS INDEPENDENTLY, BOTH IN GENERAL AND
WITH RESPECT TO PARTICULAR TRANSACTIONS AND INVESTMENT STRATEGIES (WITHIN THE MEANING OF THE FIDUCIARY RULE); (C) IS A FIDUCIARY (UNDER ERISA AND/OR SECTION 4975 OF THE CODE) WITH RESPECT TO THE ERISA PLAN’S INVESTMENT IN THIS SECURITY AND IS
RESPONSIBLE FOR EXERCISING INDEPENDENT JUDGMENT IN EVALUATING THE INVESTMENT IN THIS SECURITY; (D) IS EITHER (1) A BANK AS DEFINED IN SECTION 202 OF THE INVESTMENT ADVISERS ACT OF 1940, AS AMENDED (THE “ADVISERS ACT”), OR SIMILAR
INSTITUTION THAT IS REGULATED AND SUPERVISED AND SUBJECT TO PERIODIC EXAMINATION BY A STATE OR FEDERAL AGENCY OF THE UNITED STATES; (2) AN INSURANCE CARRIER WHICH IS QUALIFIED UNDER THE LAWS OF MORE THAN ONE STATE OF THE UNITED STATES TO
PERFORM THE SERVICES OF MANAGING, ACQUIRING OR DISPOSING OF ASSETS OF SUCH AN ERISA PLAN; (3) AN INVESTMENT ADVISER REGISTERED UNDER THE 

  
 App-6 

 
ADVISERS ACT OR, IF NOT REGISTERED AS AN INVESTMENT ADVISER UNDER THE ADVISERS ACT BY REASON OF PARAGRAPH (1) OF SECTION 203A OF THE ADVISERS ACT, IS REGISTERED AS AN INVESTMENT ADVISER
UNDER THE LAWS OF THE STATE (REFERRED TO IN SUCH PARAGRAPH (1)) IN WHICH IT MAINTAINS ITS PRINCIPAL OFFICE AND PLACE OF BUSINESS; (4) A BROKER DEALER REGISTERED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED; AND/OR (5) AN
INDEPENDENT FIDUCIARY THAT HOLDS OR HAS UNDER MANAGEMENT OR CONTROL TOTAL ASSETS OF AT LEAST $50 MILLION; AND (E) IS AWARE OF AND ACKNOWLEDGES THAT (I) NONE OF THE RELEVANT PARTIES IS UNDERTAKING TO PROVIDE IMPARTIAL INVESTMENT ADVICE, OR
TO GIVE ADVICE IN A FIDUCIARY CAPACITY, IN CONNECTION WITH THE ERISA PLAN’S INVESTMENT IN THIS SECURITY, AND (II) THE RELEVANT PARTIES HAVE A FINANCIAL INTEREST IN THE ERISA PLAN’S INVESTMENT IN THIS SECURITY ON ACCOUNT OF THE FEES
AND OTHER REMUNERATION THEY EXPECT TO RECEIVE IN CONNECTION WITH TRANSACTIONS CONTEMPLATED HEREUNDER. NOTWITHSTANDING THE FOREGOING, ANY ERISA PLAN WHICH IS AN INDIVIDUAL RETIREMENT ACCOUNT THAT IS NOT REPRESENTED BY AN INDEPENDENT FIDUCIARY SHALL
NOT BE DEEMED TO HAVE MADE THE REPRESENTATION IN CLAUSE (II)(D) ABOVE. 
 (2) Upon any sale or transfer of a Transfer
Restricted Security (including any Transfer Restricted Security represented by a Restricted Global Note) pursuant to Rule 144 under the Securities Act, the Registrar shall permit the transferee thereof to exchange such Transfer Restricted Security
for a certificated Note that does not bear the legend set forth above and rescind any restriction on the transfer of such Transfer Restricted Security, if the transferor thereof certifies in writing to the Registrar that such sale or transfer was
made in reliance on Rule 144 (such certification to be in the form set forth on the reverse of the Note). 
 (3) After a
transfer of any Initial Note pursuant to and during the period of the effectiveness of a Shelf Registration Statement with respect to such Initial Note, all requirements pertaining to legends on such Initial Note will cease to apply, any requirement
that any such Initial Note issued to certain Holders be issued in global form will cease to apply, and a certificated Initial Note or an Initial Note in global form, in each case without restrictive transfer legends, will be available to the
transferee of the Holder of such Initial Note upon exchange of such transferring Holder’s certificated Initial Note or directions to transfer such Holder’s interest in the Global Note, as applicable. 

  
 App-7 

 EXHIBIT A 

[FORM OF FACE OF NOTE] 

[     Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation
(“DTC”), to the issuer or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or 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 since the registered
owner hereof, Cede & Co., has an interest herein. 
 THIS SECURITY IS A GLOBAL SECURITY AS REFERRED TO IN THE INDENTURE
HEREINAFTER REFERENCED. UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR THE INDIVIDUAL SECURITIES REPRESENTED HEREBY, THIS GLOBAL SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A
NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.]1

 [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 OR
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 [IN THE CASE OF RULE 144A NOTES: SIX MONTHS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE
ISSUANCE OF ANY ADDITIONAL NOTES 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),] [IN THE CASE OF REGULATION S NOTES: 40 DAYS AFTER THE LATER OF THE ORIGINAL
ISSUE DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE ISSUANCE OF ANY ADDITIONAL NOTES AND THE DATE ON WHICH THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY) WAS FIRST OFFERED TO PERSONS OTHER THAN DISTRIBUTORS (AS DEFINED IN RULE 902 OF REGULATION
S) IN RELIANCE ON REGULATION S], ONLY (A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE

  

	1 	 If this Note is a Global Security, add this provision.

  
 A-1 

 
FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A 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, (D) PURSUANT TO OFFERS AND SALES TO
NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT,(E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1),
(2), (3) OR (7) UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AND THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF ANOTHER INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL AMOUNT OF
SECURITIES OR (F) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE COMPANY’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D),
(E) OR (F)TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/ OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE. [IN THE CASE
OF REGULATION S NOTES: BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF REPRESENTS THAT IT IS NOT A U.S. PERSON NOR IS IT PURCHASING FOR THE ACCOUNT OF A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION
S UNDER THE SECURITIES ACT.]]2 
 BY ITS ACQUISITION OF THIS SECURITY OR ANY
INTEREST HEREIN, THE HOLDER THEREOF WILL BE DEEMED TO HAVE REPRESENTED AND WARRANTED THAT (A) EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY OR ANY INTEREST HEREIN CONSTITUTES THE ASSETS OF (I) AN
EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), (II) 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 (III) AN ENTITY WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT DESCRIBED IN CLAUSE (I) OR (II) (EACH OF THE FOREGOING DESCRIBED IN
CLAUSES (I), (II) AND (III), COLLECTIVELY, REFERRED TO AS A “PLAN”), OR (2) THE ACQUISITION AND HOLDING OF THIS SECURITY OR ANY INTEREST HEREIN WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED
TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION 
  

	1 	If this Note is a Global Security, add this provision. 

	2 	 Include for Restricted Global Notes. 

  
 A-2 

 
UNDER ANY APPLICABLE SIMILAR LAWS, AND (B) IF THE HOLDER IS USING ASSETS OF ANY PLAN SUBJECT TO TITLE I OF ERISA OR SECTION 4975 OF THE CODE (AN “ERISA PLAN”) TO ACQUIRE OR HOLD
THIS SECURITY OR ANY INTEREST HEREIN, SUCH ERISA PLAN WILL BE DEEMED TO REPRESENT AND WARRANT THAT (I) NONE OF ISSUER, THE INITIAL PURCHASERS OR THE SUBSIDIARY GUARANTORS, OR ANY OF THEIR RESPECTIVE AFFILIATES (COLLECTIVELY, THE “RELEVANT
PARTIES”) HAS ACTED AS THE ERISA PLAN’S FIDUCIARY, OR HAS BEEN RELIED UPON FOR ANY ADVICE, WITH RESPECT TO THE ERISA PLAN’S DECISION TO ACQUIRE, HOLD, SELL, EXCHANGE, VOTE OR PROVIDE ANY CONSENT WITH RESPECT TO THIS SECURITY AND ANY
INTEREST HEREIN AND NONE OF THE RELEVANT PARTIES SHALL AT ANY TIME BE RELIED UPON AS THE ERISA PLAN’S FIDUCIARY WITH RESPECT TO THE ERISA PLAN’S DECISION TO ACQUIRE, HOLD, SELL, EXCHANGE, VOTE OR PROVIDE ANY CONSENT WITH RESPECT TO THIS
SECURITY OR ANY INTEREST HEREIN AND (II) THE DECISION TO INVEST IN THIS SECURITY AND ANY INTEREST HEREIN HAS BEEN MADE AT THE RECOMMENDATION OR DIRECTION OF AN “INDEPENDENT FIDUCIARY” (“INDEPENDENT FIDUCIARY”) WITHIN THE
MEANING OF U.S. CODE OF FEDERAL REGULATIONS 29 C.F.R. SECTION 2510.3-21(C), AS AMENDED FROM TIME TO TIME (THE “FIDUCIARY RULE”), WHO (A) IS INDEPENDENT OF THE RELEVANT PARTIES; (B) IS
CAPABLE OF EVALUATING INVESTMENT RISKS INDEPENDENTLY, BOTH IN GENERAL AND WITH RESPECT TO PARTICULAR TRANSACTIONS AND INVESTMENT STRATEGIES (WITHIN THE MEANING OF THE FIDUCIARY RULE); (C) IS A FIDUCIARY (UNDER ERISA AND/OR SECTION 4975 OF THE CODE)
WITH RESPECT TO THE ERISA PLAN’S INVESTMENT IN THIS SECURITY AND IS RESPONSIBLE FOR EXERCISING INDEPENDENT JUDGMENT IN EVALUATING THE INVESTMENT IN THIS SECURITY; (D) IS EITHER (1) A BANK AS DEFINED IN SECTION 202 OF THE INVESTMENT
ADVISERS ACT OF 1940, AS AMENDED (THE “ADVISERS ACT”), OR SIMILAR INSTITUTION THAT IS REGULATED AND SUPERVISED AND SUBJECT TO PERIODIC EXAMINATION BY A STATE OR FEDERAL AGENCY OF THE UNITED STATES; (2) AN INSURANCE CARRIER WHICH IS
QUALIFIED UNDER THE LAWS OF MORE THAN ONE STATE OF THE UNITED STATES TO PERFORM THE SERVICES OF MANAGING, ACQUIRING OR DISPOSING OF ASSETS OF SUCH AN ERISA PLAN; (3) AN INVESTMENT ADVISER REGISTERED UNDER THE ADVISERS ACT OR, IF NOT REGISTERED
AS AN INVESTMENT ADVISER UNDER THE ADVISERS ACT BY REASON OF PARAGRAPH (1) OF SECTION 203A OF THE ADVISERS ACT, IS REGISTERED AS AN INVESTMENT ADVISER UNDER THE LAWS OF THE STATE (REFERRED TO IN SUCH PARAGRAPH (1)) IN WHICH IT MAINTAINS ITS
PRINCIPAL OFFICE AND PLACE OF BUSINESS; (4) A BROKER DEALER REGISTERED UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED; AND/OR (5) AN INDEPENDENT FIDUCIARY THAT HOLDS OR HAS UNDER MANAGEMENT OR CONTROL TOTAL ASSETS OF AT LEAST $50
MILLION; AND (E) IS AWARE OF AND ACKNOWLEDGES THAT (I) NONE OF THE RELEVANT PARTIES IS UNDERTAKING TO PROVIDE IMPARTIAL INVESTMENT ADVICE, OR TO GIVE ADVICE IN A FIDUCIARY CAPACITY, IN CONNECTION WITH THE ERISA PLAN’S INVESTMENT IN
THIS SECURITY, AND (II) THE 

  
 A-3 

 
RELEVANT PARTIES HAVE A FINANCIAL INTEREST IN THE ERISA PLAN’S INVESTMENT IN THIS SECURITY ON ACCOUNT OF THE FEES AND OTHER REMUNERATION THEY EXPECT TO RECEIVE IN CONNECTION WITH
TRANSACTIONS CONTEMPLATED HEREUNDER. NOTWITHSTANDING THE FOREGOING, ANY ERISA PLAN WHICH IS AN INDIVIDUAL RETIREMENT ACCOUNT THAT IS NOT REPRESENTED BY AN INDEPENDENT FIDUCIARY SHALL NOT BE DEEMED TO HAVE MADE THE REPRESENTATION IN CLAUSE (II)(D)
ABOVE. 

  
 A-4 

 WHITING PETROLEUM CORPORATION 

 

					
	No. __	  	 	$	 
		
		  	 	CUSIP No. ________	 
		
		  	 	ISIN No. ________	 

 6.625% Senior Note due 2026 

Whiting Petroleum Corporation, a Delaware corporation, promises to pay to
                    , or registered assigns, the principal sum of
                     Dollars on January 15, 2026 [or such greater or lesser amount as may be indicated on Schedule A hereto].1 
 Interest Payment Dates: January 15 and July 15. 

Record Dates: January 1 and July 1. 

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

 

					
	ATTEST:	 		  	WHITING PETROLEUM CORPORATION
			
	By:                                     
                               	 		  	By:                                     
                           
	Name:	 		  	Name:
	Title:	 		  	Title:

  
 A-5 

 TRUSTEE’S CERTIFICATE OF 

AUTHENTICATION 
 This is one of the Securities of
the 
 series designated therein referred to in the 

within-mentioned Indenture. 
  

			
	THE BANK OF NEW YORK MELLON
	TRUST COMPANY, N.A., As Trustee
		
	By	 	  

		 	 Authorized Officer

 Dated: 

  
 A-6 

 [FORM OF REVERSE SIDE OF NOTE] 

6.625% Senior Note due 2026 

Capitalized terms used herein but not defined shall have the meanings assigned to them in the Indenture referred to below unless otherwise
indicated. 
 1. Interest. Whiting Petroleum Corporation, a Delaware corporation (the “Company”), promises to pay interest
on the principal amount of this Note at 6.625% per annum from [                    ][December 27, 2017]3 until maturity [and shall pay any Additional Interest payable pursuant to Section 2(d) of the Registration Rights Agreement referred to below. References herein to “interest” include
such Additional Interest to the extent applicable]4. The Company will pay interest semi-annually in arrears on January 15 and July 15 of each year, commencing
[                    ][July 15, 2018]5, or if any such day is not a Business Day, on the
next succeeding Business Day (each an “Interest Payment Date”). Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from
[                    ][December 27, 2017]
6; provided that if there is no existing Default or Event of 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, except in the case of the original issuance of Notes, in which case interest shall accrue from the date of authentication. 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 a rate that is the rate then in effect; 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 will be
computed on the basis of a 360-day year of twelve 30-day months. 

2. Method of Payment. The Company will pay interest on the Notes to the Persons who are registered Holders of Notes at the close of
business on the January 1 or July 1 next preceding the Interest Payment Date, even if such Notes are cancelled after such record date and on or before such Interest Payment Date, except as provided in Section 307 of the Indenture with
respect to Defaulted Interest. Holders must surrender Notes to the Paying Agent to collect payments of principal and premium, if any, together with accrued and unpaid interest due at maturity. The Notes will be payable as to principal, premium, if
any, and interest at the office or agency of the Company maintained for such purpose within the City and State of New York, or, at the option of the Company, payment of interest may be made by check mailed to the Holders at their addresses set forth
in the Security Register of Holders, and provided that payment by wire transfer of immediately available funds will be required with respect to any amounts due on all Global Securities 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. 

 

	3 	Include for Initial Notes. 

	4 	Include for Initial Notes and Additional Notes as applicable. 

	5 	Include for Initial Notes. 

	6 	 Include for Initial Notes. 

  
 A-7 

 3. Paying Agent and Registrar. Initially, The Bank of New York Mellon Trust Company, N.A.,
the Trustee under the Indenture, will act as Paying Agent and Security Registrar. The Company may change any Paying Agent or Security Registrar without notice to any Holder. The Company or any of its Restricted Subsidiaries may act in any such
capacity. 
 4. Indenture. This Note is one of a duly authorized issue of the series of Securities of the Company designated as its
6.625 % Senior Notes due 2026 (the “Notes”), issued under a Senior Indenture, dated as of September 12, 2013 (“Original Indenture”), among the Company, the Guarantors and the Trustee, as supplemented and amended by the
Fifth Supplemental Indenture (herein so called), dated as of December 27, 2017 (the Original Indenture, as so supplemented and amended, being called herein the “Indenture”). Capitalized terms herein are used as defined in the
Indenture unless otherwise indicated. 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 (15 U.S. Code §§ 77aaa-77bbbb). The Notes
are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. The Notes are unsecured senior obligations of the Company limited to $1,000,000,000 aggregate principal amount in the case of Notes
issued on the Issue Date. The Company may, subject to Sections 2.05 and 4.09 of the Fifth Supplemental Indenture, issue Additional Notes under the Indenture after the Issue Date in either a limited or an unlimited aggregate principal amount. Any
Additional Notes so issued and the Initial Notes shall be treated as a single class under the Indenture. 
 5. Optional Redemption.

 (a) Except as set forth in subparagraph (b) of this Paragraph 5 or in Section 4.15 of the Fifth Supplemental Indenture, the
Company shall not have the option to redeem the Notes prior to October 15, 2025. 
 (b) At any time prior to October 15, 2025, the
Company may on any one or more occasions redeem the Notes, in whole or in part, at a redemption price equal to 100% of the principal amount thereof plus the Applicable Premium as of, and accrued and unpaid interest, if any, to the Redemption
Date (subject to the right of Holders of record as of the close of business on the relevant record date to receive interest due on an Interest Payment Date that is on or prior to the Redemption Date). 

(c) Notwithstanding the provisions of subparagraph (a) of this Paragraph 5, at any time on or after October 15, 2025, the Company may
on any one or more occasions redeem the Notes, in whole or in part, at the redemption price of 100% of the aggregate principal amount thereof, together with accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders
of record as of the close of business on the relevant record date to receive interest due on an Interest Payment Date that is on or prior to the Redemption Date). 

6. Mandatory Redemption. 

Except as set forth in paragraph 7 below, the Company shall not be required to make mandatory redemption or sinking fund payments with respect
to the Notes or to repurchase the Notes at the option of the Holders. 

  
 A-8 

 7. Repurchase at Option of Holder. 

(a) Within 30 days following the occurrence of a Change of Control Triggering Event, the Company shall make an offer (a “Change of Control
Offer”) to repurchase all or any part (equal to $2,000 or any integral multiple of $1,000 in excess thereof) of each Holder’s Notes at a purchase price equal to 101% of the aggregate principal amount of Notes repurchased, plus
accrued and unpaid interest, if any, thereon to the date of settlement (the “Change of Control Settlement Date”), subject to the right of Holders of record on the relevant record date to receive interest due on an Interest Payment Date
that is on or prior to the Change of Control Settlement Date. The Trustee shall have no duty to monitor whether a Change of Control Triggering Event has occurred. Within 30 days following any Change of Control Triggering Event, the Company shall
mail (or otherwise deliver in accordance with the applicable procedures of the Depositary) a notice of the Change of Control Offer to each Holder and the Trustee describing the transaction or transactions that constitute the Change of Control
Triggering Event and setting forth the procedures governing the Change of Control Offer as required by Section 4.15 of the Fifth Supplemental Indenture. 

(b) On the 361st day after an Asset Sale (or, at the Company’s option, any earlier date), if the aggregate amount of Excess Proceeds then
exceeds $50.0 million, the Company shall commence an offer to all Holders of Notes (an “Asset Sale Offer”) pursuant to Section 3.04 of the Fifth Supplemental Indenture, to all Holders, and all holders of other Pari Passu
Indebtedness containing provisions similar to those set forth in the Indenture with respect to offers to purchase or redeem with the proceeds of sales of assets, to purchase the maximum principal amount of Notes and such other Pari Passu
Indebtedness that may be purchased out of the Excess Proceeds, at an offer price in cash in an amount equal to 100% of the principal amount of the Notes plus accrued and unpaid interest, if any, thereon to the Settlement Date, subject to the
right of Holders of record on the relevant record date to receive interest due on an Interest Payment Date that is on or prior to the Settlement Date, in accordance with the procedures set forth in the Indenture. If any Excess Proceeds remain after
consummation of an Asset Sale Offer, the Company may use such remaining Excess Proceeds for any purpose not otherwise prohibited by the Indenture. If the aggregate principal amount of Notes surrendered by Holders thereof and other Pari Passu
Indebtedness tendered by holders or lenders in such Asset Sale Offer, collectively, exceeds the amount of Excess Proceeds, the Trustee shall select the Notes and such other Pari Passu Indebtedness to be purchased on a pro rata basis on the basis of
the aggregate accreted value (if issued with original issue discount) or principal amount of tendered Notes and Pari Passu Indebtedness (provided that the selection of such Pari Passu Indebtedness shall be made pursuant to the terms of such
Pari Passu Indebtedness) (with such adjustments as may be deemed appropriate by the Company so that only Notes in denominations of $2,000 or any integral multiple of $1,000 in excess thereof shall be purchased). Holders of Notes that are the subject
of an offer to purchase will receive an Asset Sale Offer from the Company prior to any related purchase date and may elect to have such Notes purchased by completing the form entitled “Option of Holder to Elect Purchase” on the reverse of
the Notes. 
 8. Notice of Redemption. Notice of redemption will be mailed (or otherwise delivered in accordance with the applicable
procedures of the Depositary) at least 30 days but not more than 60 days (except as otherwise provided in the Indenture if the notice is issued in connection with a Covenant Defeasance, Legal Defeasance or Discharge) before the Redemption Date to
each Holder whose Notes are to be redeemed at its registered address. Notes in 

  
 A-9 

 
denominations larger than $2,000 may be redeemed in part but only in whole multiples of $1,000, unless all of the Notes held by a Holder are to be redeemed. On and after the Redemption Date
interest ceases to accrue on Notes or portions thereof called for redemption. Notices of redemption may, in the Company’s discretion, be subject to one or more conditions precedent. 

9. Denominations, Transfer, Exchange. The Notes are in registered form without coupons in denominations of $2,000 and any integral
multiple of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Company or the Trustee may require a Holder, among other things, to furnish appropriate endorsements and
transfer documents, and may require a Holder to pay any taxes due on transfer or exchange. The Company need not exchange or register the transfer of any Note or portion of a Note selected for redemption, except for the unredeemed portion of any Note
being redeemed in part. Also, it need not exchange or register the transfer of any Notes for a period of 15 days before the day of the sending of a notice of redemption of Notes selected for redemption. 

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

11. Amendment, Supplement and Waiver. The Indenture, the Notes and the Subsidiary Guarantees may be amended pursuant to Article 9 of the
Fifth Supplemental Indenture. 
 12. Defaults and Remedies. The Events of Default are set forth in Article 6 of the Fifth Supplemental
Indenture. 
 13. Defeasance and Discharge. The Notes are subject to defeasance and discharge upon the terms and conditions specified
in the Indenture. 
 14. No Recourse Against Others. No director, officer, employee, incorporator or stockholder or other owner of
Capital Stock of the Company or any Guarantor, as such, shall have any liability for any obligations of the Company or any Guarantor under the Notes, the Subsidiary Guarantees or the Indenture or for any claim based on, in respect of, or by reason
of, such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes and the Subsidiary Guarantees. 

15. Authentication. This Note shall not be valid until authenticated by the manual signature of an authorized signatory of the Trustee
or an authenticating agent. 
 16. Abbreviations. Customary abbreviations may be used in the name of a Holder or an assignee, such as:
TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

17. 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 and corresponding ISIN 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. 

  
 A-10 

 18. Governing Law. THE INDENTURE AND THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 19. Successor Entity. In the event a successor assumes all the obligations of
the Company under the Notes and the Indenture, pursuant to the terms thereof, the Company will be released from all such obligations. 
 [20.
Additional Rights of Holders of Transfer Restricted Securities. In addition to the rights provided to Holders of Notes under the Indenture, Holders of Notes shall have all the rights set forth in the Registration Rights Agreement dated as of
December 27, 2017, among the Company, the Guarantors and the initial purchasers named therein (the “Registration Rights Agreement”).]7 

The Company will furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to: 

Whiting Petroleum Corporation 

1700 Broadway, Suite 2300 

Denver, Colorado 80290-2300 

Attention: Chief Financial Officer 

 

	7 	Include in Initial Notes and Additional Notes as applicable. 

  
 A-11 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 

I or we assign and transfer this Note to 
  

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

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

 and irrevocably appoint
                     agent 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 other side of this Note. 

[In connection with any transfer of any of the Notes evidenced by this certificate occurring prior to the expiration of six months after the later of the date
of original issuance of such Notes (or the date of any subsequent reopening of the Notes) and the last date, if any, on which such Notes were owned by the Company or any Affiliate of the Company (or, in the case of Regulation S Notes, prior to the
expiration of the Distribution Compliance Period), the undersigned confirms that such Notes are being transferred in accordance with its terms: 
 CHECK ONE
BOX BELOW 
  

					
	1.    	 	☐    	 	to the Company; or
			
	2.	 	☐	 	pursuant to an effective registration statement under the Securities Act of 1933; or
			
	3.	 	☐	 	to a person who the undersigned reasonably believes is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act of 1933”)) that is
purchasing for its own account or for the account of a qualified institutional buyer to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in compliance with Rule 144A under the
Securities Act of 1933; or
			
	4.	 	☐	 	outside the United States in an offshore transaction within the meaning of Regulation S under the Securities Act in compliance with Rule 904 under the Securities Act of 1933; or
			
	5.	 	☐	 	pursuant to the exemption from registration provided by Rule 144 under the Securities Act of 1933.

  
 A-12 

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this
certificate in the name of any person other than the registered holder thereof; provided, however, that if box (4) or (5) is checked, the Trustee shall be entitled to require, prior to registering any such transfer of the Notes,
such legal opinions, certifications and other information as the Company has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the
Securities Act of 1933, such as the exemption provided by Rule 144 under the Securities Act of 1933. 
  

	
	  
 Signature

 TO BE COMPLETED BY PURCHASER IF (3) ABOVE IS CHECKED. 

The undersigned represents and warrants that it is purchasing this Note 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 under the Securities Act of 1933, 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 and any Guarantors 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 the
undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
  

			
	Dated:                                     
                           	  	                                      
                                         
         
		  	Notice: To be executed by an executive officer]8

  

	8 	Include for Transfer Restricted Securities. 

  
 A-13 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 4.10 or 4.15 of the Fifth Supplemental Indenture,
check the box below: 
  
 ☐ 

If you want to elect to have only part of this Note purchased by the Company pursuant to Section 4.10 or Section 4.15 of the Fifth
Supplemental Indenture, state the amount (in minimum denomination of equal to $2,000 or any integral $1,000 multiple in excess thereof) you elected to have purchased: $____________ 

 

					
	Date:                                     
               	  	 Your
 Signature:
	  	  

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

  

					
	Soc. Sec. or Tax Identification No.:	 	  
	 	

  

					
	Signature Guarantee:	 	  
	 	
		 	 (Signature must be guaranteed)
	 	

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in
substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 

  
 A-14 

 [TO BE ATTACHED TO GLOBAL SECURITY] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY 

The following increases or decreases in this Global Security have been made: 

 

									
	 Date
	  	 Amount of

decrease in
 Principal

Amount of this
 Global
Security
	  	 Amount of

increase in
 Principal

Amount of this
 Global
Security
	  	 Principal

Amount of this
 Global Security

following such
 decrease or

increase
	  	 Signature of

authorized
 officer

of Trustee

  
 A-15 

 EXHIBIT B 
  

 
 WHITING PETROLEUM CORPORATION 

and 
 the Guarantors named herein

  
  

6.625% SENIOR NOTES DUE 2026 
  

 
 FORM OF
SUPPLEMENTAL INDENTURE 
 AND AMENDMENT — SUBSIDIARY GUARANTEE 

DATED AS OF ____________ __, ____ 
  

 
 THE BANK OF NEW
YORK MELLON TRUST COMPANY, N.A., 
 as Trustee 
  

 
  

 

  
 B-1 

 This SUPPLEMENTAL INDENTURE, dated as of
                             ,      is among Whiting Petroleum Corporation, a Delaware
corporation (the “Company”), each of the parties identified under the caption “Guarantors” on the signature page hereto (the “Guarantors”) and The Bank of New York Mellon Trust Company, N.A., a national banking
association, as Trustee. 
 RECITALS 

WHEREAS, the Company, the initial Guarantors and the Trustee entered into a Senior Indenture, dated as of September 12, 2013 (the
“Original Indenture”), as supplemented and amended by the Fifth Supplemental Indenture (herein so called) thereto, dated as of December 27, 2017 (the Original Indenture as so supplemented and amended being called herein the
“Indenture”), pursuant to which the Company has issued [$1,000,000,000]9 in principal amount of 6.625% Senior Notes due 2026 (the “Notes”); and 

WHEREAS, Section 9.01(vii) of the Fifth Supplemental Indenture provides that the Company, the Guarantors and the Trustee may amend or
supplement the Indenture in order to add Guarantors with respect to the Notes, without the consent of the Holders; and 
 WHEREAS, all acts
and things prescribed by the Indenture, by law and by the Certificate of Incorporation and the Bylaws (or comparable constituent documents) of the Company, of the Guarantors and of the Trustee necessary to make this Supplemental Indenture a valid
instrument legally binding on the Company, Guarantors and the Trustee, in accordance with its terms, have been duly done and performed; 

NOW, THEREFORE, to comply with the provisions of the Indenture and in consideration of the above premises, the Company, the Guarantors and the
Trustee covenant and agree for the equal and proportionate benefit of the respective Holders as follows: 
 ARTICLE 1 

Section 1.01. This Supplemental Indenture is supplemental to the Indenture and does and shall be deemed to form a part of, and shall be
construed in connection with and as part of, the Indenture for any and all purposes. 
 Section 1.02. This Supplemental Indenture shall
become effective immediately upon its execution and delivery by each of the Company, the Guarantors and the Trustee. 
 ARTICLE 2 

From this date, by executing this Supplemental Indenture, the Guarantors whose signatures appear below shall be Guarantors with respect to the
Notes on terms contemplated by and subject to the provisions of Article 10 of the Fifth Supplemental Indenture. 
  

	9 	 Amount to be raised in the event of the issuance of Additional Notes.

  
 B-2 

 ARTICLE 3 

Section 3.01. Except as specifically modified herein, the Indenture and the Notes are in all respects ratified and confirmed (mutatis
mutandis) and shall remain in full force and effect in accordance with their terms with all capitalized terms used herein without definition having the same respective meanings ascribed to them as in the Indenture. 

Section 3.02. Except as otherwise expressly provided herein, no duties, responsibilities or liabilities are assumed, or shall be
construed to be assumed, by the Trustee by reason of this Supplemental Indenture. This Supplemental Indenture is executed and accepted by the Trustee subject to all the terms and conditions set forth in the Indenture with the same force and effect
as if those terms and conditions were repeated at length herein and made applicable to the Trustee with respect hereto. 

Section 3.03. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

Section 3.04. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of
such executed copies together shall represent the same agreement. 
 [NEXT PAGE IS SIGNATURE PAGE] 

  
 B-3 

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

			
	WHITING PETROLEUM CORPORATION
		
	By	 	  

	Name:	 	[     ]
	Title:	 	[     ]
	
	ADDITIONAL GUARANTOR:
		
	[NAME]	 	
		
	By	 	  

	Name:	 	[     ]
	Title:	 	[     ]
	
	TRUSTEE:
	
	THE BANK OF NEW YORK MELLON
	TRUST COMPANY, N.A., as Trustee
		
	By	 	  

	Name:	 	[     ]
	Title:	 	[     ]

  
 B-4

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