Document:

EX-4.4

 Exhibit 4.4 

EXECUTION VERSION 
 REGISTRATION
RIGHTS AGREEMENT 
 This REGISTRATION RIGHTS AGREEMENT dated January 19, 2018 (this “Agreement”) is entered into
by and among Patterson-UTI Energy, Inc., a Delaware corporation (the “Company”), the guarantors listed on Schedule 1 hereto (each a “Guarantor”, and together,
the “Guarantors”) and Goldman Sachs & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC, as representatives of the Initial Purchasers (the
“Representatives”). 
 The Company, the Guarantors and the Representatives, on behalf of the Initial Purchasers, are
parties to the Purchase Agreement, dated as of January 10, 2018 (the “Purchase Agreement”), which provides for the sale by the Company to the Initial Purchasers of $525.0 million aggregate principal amount of the
Company’s 3.95% Senior Notes due 2028 (the “Securities”) which will be guaranteed on an senior unsecured basis by each of the Guarantors. As an inducement to the Initial Purchasers to enter into the Purchase Agreement, the
Company and the Guarantors have agreed to provide to the Initial Purchasers and their direct and indirect transferees the registration rights set forth in this Agreement. The execution and delivery of this Agreement is a condition to the closing
under the Purchase Agreement. Capitalized terms used herein but not otherwise defined shall have their respective meanings set forth in the Purchase Agreement. 

In consideration of the foregoing, the parties hereto agree as follows: 

1.    Definitions. As used in this Agreement, the following terms shall have the following meanings: 

“Additional Guarantor” shall mean any subsidiary of the Company that executes a Guarantee under the Indenture after the date
of this Agreement. 
 “Additional Interest” shall have the meaning set forth in Section 2(d). 

“Agreement” shall have the meaning set forth in the preamble. 

“Business Day” shall mean any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are
authorized or required by law to remain closed. 
 “Company” shall have the meaning set forth in the preamble and shall
also include the Company’s successors. 
 “EDGAR” means the SEC’s Electronic Data Gathering, Analysis and
Retrieval System or similar system. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time
to time. 
 “Exchange Dates” shall have the meaning set forth in Section 2(a)(ii) hereof. 

 “Exchange Offer” shall mean the exchange offer by the Company and the Guarantors
of Exchange Securities for Registrable Securities pursuant to Section 2(a) hereof. 
 “Exchange Offer Registration”
shall mean a registration under the Securities Act effected pursuant to Section 2(a) hereof. 
 “Exchange Offer Registration
Statement” shall mean an exchange offer registration statement on Form S-4 (or, if applicable, on another appropriate form) and all amendments and supplements to such registration statement, in each
case including the Prospectus contained therein or deemed a part thereof, all exhibits thereto and any document incorporated by reference therein. 

“Exchange Securities” shall mean senior unsecured notes issued by the Company and guaranteed by the Guarantors under the
Indenture containing terms identical to the Securities (except that the Exchange Securities will not be subject to restrictions on transfer or to provisions with respect to Additional Interest for failure to comply with this Agreement) and to be
offered to Holders of Securities in exchange for Securities pursuant to the Exchange Offer. 
 “FINRA” means the Financial
Industry Regulatory Authority, Inc. 
 “Free Writing Prospectus” means each free writing prospectus (as defined in Rule 405
under the Securities Act) prepared by or on behalf of the Company or used or referred to by the Company in connection with the sale of the Securities or the Exchange Securities. 

“Guarantees” shall mean the guarantees of the Securities and guarantees of the Exchange Securities by the Guarantors under
the Indenture. 
 “Guarantors” shall have the meaning set forth in the preamble and shall include any Additional
Guarantors. 
 “Holders” shall mean the Initial Purchasers, for so long as they own any Registrable Securities, and each of
their successors, assigns and direct and indirect transferees who become owners of Registrable Securities under the Indenture; provided that, for purposes of Section 4 and Section 5 hereof, the term “Holders” shall include
Participating Broker-Dealers. 
 “Indemnified Person” shall have the meaning set forth in Section 5(c) hereof. 

“Indemnifying Person” shall have the meaning set forth in Section 5(c) hereof. 

“Indenture” shall mean the Indenture, together with the First Supplemental Indenture thereto establishing the terms of the
Notes, each dated as of the date hereof, among the Company, the Guarantors and Wells Fargo Bank, National Association, as trustee, as the same may be amended from time to time in accordance with the terms thereof. 

“Initial Purchasers” shall have the meaning set forth in the preamble. 

“Inspector” shall have the meaning set forth in Section 3(a)(xiv) hereof. 

  
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 “Issuer Information” shall have the meaning set forth in Section 5(a)
hereof. 
 “Majority Holders” shall mean the Holders of a majority of the aggregate principal amount of the outstanding
Registrable Securities; provided that whenever the consent or approval of Holders of a specified percentage of Registrable Securities is required hereunder, any Registrable Securities owned directly or indirectly by the Company or any of its
“affiliates” (within the meaning of Rule 405 under the Securities Act) shall not be counted in determining whether such consent or approval was given by the Holders of such required percentage or amount; and provided,
further, that if the Company shall issue any additional Securities under the Indenture prior to consummation of the Exchange Offer or, if applicable, the effectiveness of any Shelf Registration Statement, such additional Securities and the
Registrable Securities to which this Agreement relates shall be treated together as one class for purposes of determining whether the consent or approval of Holders of a specified percentage of Registrable Securities has been obtained. 

“Notice and Questionnaire” shall mean a notice of registration statement and selling security holder questionnaire
distributed to a Holder by the Company upon receipt of a Shelf Request from such Holder. 
 “Participating Broker-Dealer”
shall have the meaning set forth in Section 4(a) hereof. 
 “Participating Holder” shall mean any Holder of
Registrable Securities that has returned a completed and signed Notice and Questionnaire to the Company in accordance with Section 2(b) hereof. 

“Person” shall mean an individual, partnership, limited liability company, corporation, trust or unincorporated organization,
or a government or agency or political subdivision thereof. 
 “Prospectus” shall mean the prospectus included in, or,
pursuant to the rules and regulations of the Securities Act, deemed a part of, a Registration Statement, including any preliminary prospectus, and any such prospectus as amended or supplemented by any prospectus supplement, including a prospectus
supplement with respect to the terms of the offering of any portion of the Registrable Securities covered by a Shelf Registration Statement, and by all other amendments and supplements to such prospectus, and in each case including any document
incorporated by reference therein. 
 “Purchase Agreement” shall have the meaning set forth in the preamble. 

“Registrable Securities” shall mean the Securities; provided that the Securities shall cease to be Registrable
Securities (i) when a Registration Statement with respect to such Securities has become effective under the Securities Act and such Securities have been exchanged or disposed of pursuant to such Registration Statement, (ii) when such
Securities cease to be outstanding, (iii) except in the case of Securities that otherwise remain Registrable Securities and that are held by an Initial Purchaser and that are ineligible to be exchanged in the Exchange Offer, when the Exchange
Offer is consummated or (iv) such Security (A) is actually sold by the holder thereof pursuant to Rule 144 promulgated by the SEC under the Securities Act under circumstances in which any legend borne by such Security relating to
restrictions on transferability thereof, under the Securities Act or otherwise, is removed by the Company or is removed pursuant to the Indenture and (B) does not bear a restricted CUSIP number. 

  
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 “Registration Default” shall mean the occurrence of any of the following:
(i) the Exchange Offer is not completed on or prior to the Target Registration Date, (ii) the Shelf Registration Statement, if required pursuant to Section 2(b)(i) or Section 2(b)(ii) hereof, has not become effective on or prior
to the Target Registration Date, (iii) if the Company receives a Shelf Request pursuant to Section 2(b)(iii), the Shelf Registration Statement required to be filed thereby has not become effective by the later of (a) the Target
Registration Date and (b) 90 days after delivery of such Shelf Request, (iv) the Shelf Registration Statement, if required by this Agreement, has become effective and thereafter ceases to be effective or the Prospectus contained therein ceases
to be usable, in each case whether or not permitted by this Agreement, at any time during the Shelf Effectiveness Period, and such failure to remain effective or usable exists for more than 30 days (whether or not consecutive) in any 12-month period or (v) the Shelf Registration Statement, if required by this Agreement, has become effective and thereafter, on more than two occasions in any 12-month
period during the Shelf Effectiveness Period, the Shelf Registration Statement ceases to be effective or the Prospectus contained therein ceases to be usable, in each case whether or not permitted by this Agreement. 

“Registration Expenses” shall mean any and all expenses incident to performance of or compliance by the Company and the
Guarantors with this Agreement, including without limitation: (i) all SEC, stock exchange or FINRA registration and filing fees, (ii) all fees and expenses incurred in connection with compliance with state securities or blue sky laws
(including reasonable fees and disbursements of counsel for any Underwriters or Holders in connection with blue sky qualification of any Exchange Securities or Registrable Securities), (iii) all expenses related to the preparation, printing and
distribution of any Registration Statement, any Prospectus, any Free Writing Prospectus and any amendments or supplements thereto, (iv) all rating agency fees, (v) all fees and disbursements relating to the qualification of the Indenture
under applicable securities laws and the Trust Indenture Act, (vi) the reasonable and documented fees and disbursements of the Trustee and its counsel, (vii) the fees and disbursements of counsel for the Company and the Guarantors and, in
the case of a Shelf Registration Statement, the fees and disbursements of one counsel for the Participating Holders (which counsel shall be counsel for the Initial Purchasers) and (viii) the fees and disbursements of the independent registered
public accountants of the Company and the Guarantors, including the expenses of any special audits or “comfort” letters required by or incident to the performance of and compliance with this Agreement, but excluding fees and expenses of
counsel to the Underwriters (other than fees and expenses set forth in clause (ii) above) or the Holders and underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating to the sale or disposition of
Registrable Securities by a Holder. 
 “Registration Statement” shall mean any registration statement of the Company and
the Guarantors that covers any of the Exchange Securities or Registrable Securities pursuant to the provisions of this Agreement and all amendments and supplements to any such registration statement, including post-effective amendments, in each case
including the Prospectus contained therein or deemed a part thereof, all exhibits thereto and any document incorporated by reference therein. 

  
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 “Representatives” shall have the meaning set forth in the preamble. 

“SEC” shall mean the Securities and Exchange Commission. 

“Securities” shall have the meaning set forth in the preamble. 

“Securities Act” shall mean the Securities Act of 1933, as amended from time to time. 

“Shelf Effectiveness Period” shall have the meaning set forth in Section 2(b) hereof. 

“Shelf Registration” shall mean a registration effected pursuant to Section 2(b) hereof. 

“Shelf Registration Statement” shall mean a “shelf” registration statement of the Company and the Guarantors that
covers all or a portion of the Registrable Securities (but no other securities unless approved by a majority in aggregate principal amount of the Securities held by the Participating Holders) on an appropriate form under Rule 415 under the
Securities Act, or any similar rule that may be adopted by the SEC, and all amendments and supplements to such registration statement, including post-effective amendments, in each case including the Prospectus contained therein or deemed a part
thereof, all exhibits thereto and any document incorporated by reference therein. 
 “Shelf Request” shall have the meaning
set forth in Section 2(b) hereof. 
 “Staff” shall mean the staff of the SEC. 

“Target Registration Date” shall mean 350 days after January 19, 2018. 

“Trust Indenture Act” shall mean the Trust Indenture Act of 1939, as amended from time to time. 

“Trustee” shall mean the trustee with respect to the Securities under the Indenture. 

“Underwriter” shall have the meaning set forth in Section 3(e) hereof. 

“Underwritten Offering” shall mean an offering in which Registrable Securities are sold to an Underwriter for reoffering to
the public. 
 2.    Registration Under the Securities Act. 

(a)    To the extent not prohibited by any applicable law or applicable interpretations of the Staff, the Company and the
Guarantors shall use their commercially reasonable efforts to (x) cause to be filed an Exchange Offer Registration Statement covering an offer to the Holders to exchange all the Registrable Securities for Exchange Securities and (y) have
such Registration Statement become and remain effective until 180 days after the last Exchange Date for use by one or more Participating Broker-Dealers. The Exchange Offer will be registered under the Securities Act on the appropriate form and will
comply with all applicable tender offer rules and regulations under the Exchange Act. The Company and the Guarantors shall commence the Exchange Offer promptly after the Exchange Offer Registration Statement is declared effective

  
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by the SEC and use their commercially reasonable efforts to complete the Exchange Offer not later than 60 days after such effective date. Upon the release of a Guarantor of its obligations under
the Indenture with respect to its Guarantee of the Securities, such Guarantor shall be automatically released and discharged from its obligations hereunder without any further action on the part of any party hereto or any Holder. 

The Company and the Guarantors shall commence the Exchange Offer by mailing the related Prospectus, appropriate letters of transmittal, if
any, and other accompanying documents to each Holder stating, in addition to such other disclosures as are required by applicable law, substantially the following: 
  

	(i)	that the Exchange Offer is being made pursuant to this Agreement and that all Registrable Securities validly tendered and not properly withdrawn will be accepted for exchange; 

 

	(ii)	the dates of acceptance for exchange (which shall be a period of at least 20 Business Days from the date such notice is mailed (or longer if required by applicable law)) (the “Exchange Dates”);

  

	(iii)	that any Registrable Security not tendered will remain outstanding and continue to accrue interest but will not retain any rights under this Agreement, except as otherwise specified herein; 

 

	(iv)	that any Holder electing to have a Registrable Security exchanged pursuant to the Exchange Offer will be required to (A) surrender such Registrable Security, together with the appropriate letters of transmittal, if
any, to the institution and at the address and in the manner specified in the notice, or (B) effect such exchange otherwise in compliance with the applicable procedures of the depositary for such Registrable Security, in each case prior to the
close of business on the last Exchange Date; and 

  

	(v)	that any Holder will be entitled to withdraw its election, not later than the close of business on the last Exchange Date, by (A) sending to the institution and at the address specified in the notice, a telegram,
facsimile transmission or letter setting forth the name of such Holder, the principal amount of Registrable Securities delivered for exchange and a statement that such Holder is withdrawing its election to have such Securities exchanged or
(B) effecting such withdrawal in compliance with the applicable procedures of the depositary for the Registrable Securities. 

As a condition to participating in the Exchange Offer, a Holder will be required to represent to the Company and the Guarantors that
(1) any Exchange Securities to be received by it will be acquired in the ordinary course of its business, (2) at the time of the commencement of the Exchange Offer it has no arrangement or understanding with any Person to participate in
the distribution (within the meaning of the Securities Act) of the Exchange Securities in violation of the provisions of the Securities Act, (3) it is not an “affiliate” (within the meaning of Rule 405 under the Securities Act) of the
Company or any Guarantor and (4) if such Holder is a broker-dealer that will receive Exchange Securities for its own account in exchange for Registrable Securities that were acquired as a result of market-making or other trading activities,
then such Holder will deliver a Prospectus (or, to the extent permitted by law, make available a Prospectus to purchasers) in connection with any resale of such Exchange Securities. 

  
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 As soon as practicable after the last Exchange Date, the Company and the Guarantors shall: 

 

	(i)	accept for exchange Registrable Securities or portions thereof validly tendered and not properly withdrawn pursuant to the Exchange Offer; and 

 

	(ii)	deliver, or cause to be delivered, to the Trustee for cancellation all Registrable Securities or portions thereof so accepted for exchange by the Company and issue, and cause the Trustee to promptly authenticate and
deliver to each Holder, Exchange Securities equal in principal amount to the principal amount of the Registrable Securities tendered by such Holder. 

The Company and the Guarantors shall use their commercially reasonable efforts to complete the Exchange Offer as provided above and shall
comply in all material respects with the applicable requirements of the Securities Act, the Exchange Act and other applicable laws and regulations in connection with the Exchange Offer. The Exchange Offer shall not be subject to any conditions,
other than that the Exchange Offer does not violate any applicable law or applicable interpretations of the Staff. 

(b)    In the event that (i) the Company and the Guarantors determine that the Exchange Offer Registration provided
for in Section 2(a) hereof is not available or the Exchange Offer may not be completed as soon as practicable after the last Exchange Date because it would violate any applicable law or applicable interpretations of the Staff, (ii) the
Exchange Offer is not for any other reason completed by the Target Registration Date or (iii) upon receipt of a written request (a “Shelf Request”) from any Initial Purchaser representing that it holds Registrable Securities
that are or were ineligible to be exchanged in the Exchange Offer (and delivers an opinion of counsel reasonably satisfactory to the Company to such effect), the Company and the Guarantors shall use their commercially reasonable efforts to cause to
be filed as soon as practicable after such determination, date or Shelf Request, as the case may be, a Shelf Registration Statement providing for the sale of all the Registrable Securities by the Holders thereof and to have such Shelf Registration
Statement become effective; provided that no Holder will be entitled to have any Registrable Securities included in any Shelf Registration Statement, or entitled to use the prospectus forming a part of such Shelf Registration Statement, until
such Holder shall have delivered a completed and signed Notice and Questionnaire and provided such other information regarding such Holder to the Company as is contemplated by Section 3(b) hereof. 

In the event that the Company and the Guarantors are required to file a Shelf Registration Statement pursuant to clause (iii) of the
preceding sentence, the Company and the Guarantors shall use their commercially reasonable efforts to file and have become effective both an Exchange Offer Registration Statement pursuant to Section 2(a) hereof with respect to all Registrable
Securities and a Shelf Registration Statement (which may be a combined Registration Statement with the Exchange Offer Registration Statement) with respect to offers and sales of Registrable Securities held by the Initial Purchasers after completion
of the Exchange Offer. 

  
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 The Company and the Guarantors agree to use their commercially reasonable efforts to keep the
Shelf Registration Statement continuously effective until the Securities cease to be Registrable Securities or such shorter period that will terminate when all Registrable Securities covered by such Shelf Registration Statement have been sold
pursuant thereto (the “Shelf Effectiveness Period”). The Company and the Guarantors further agree to supplement or amend the Shelf Registration Statement, the related Prospectus and any Free Writing Prospectus if required by the
rules, regulations or instructions applicable to the registration form used by the Company for such Shelf Registration Statement or by the Securities Act or by any other rules and regulations thereunder or if reasonably requested by a Holder of
Registrable Securities with respect to information relating to such Holder, and to use their commercially reasonable efforts to cause any such amendment to become effective, if required, and such Shelf Registration Statement, Prospectus or Free
Writing Prospectus, as the case may be, to become usable as soon as thereafter practicable. The Company and the Guarantors agree to furnish to any Participating Holders who so request in writing copies of any such supplement or amendment promptly
after its being used or filed with the SEC. 
 (c)    The Company and the Guarantors shall pay all Registration Expenses
in connection with any registration pursuant to Section 2(a) or Section 2(b) hereof. Each Holder shall pay all underwriting discounts and commissions, brokerage commissions and transfer taxes, if any, relating to the sale or disposition of
such Holder’s Registrable Securities pursuant to the Shelf Registration Statement. 
 (d)    An Exchange Offer
Registration Statement pursuant to Section 2(a) hereof will not be deemed to have become effective unless it has been declared effective by the SEC. A Shelf Registration Statement pursuant to Section 2(b) hereof will not be deemed to have
become effective unless it has been declared effective by the SEC or is automatically effective upon filing with the SEC as provided by Rule 462 under the Securities Act. 

If a Registration Default occurs, the interest rate on the Registrable Securities will be increased (“Additional Interest”) by (i)
0.25% per annum for the first 90-day period beginning on the day immediately following such Registration Default and (ii) an additional 0.25% per annum with respect to each subsequent 90-day period, in each case until and including the date such Registration Default ends, up to a maximum increase of 1.00% per annum. A Registration Default ends when the Securities cease to be Registrable
Securities or, if earlier, (1) in the case of a Registration Default under clause (i) of the definition thereof, when the Exchange Offer is completed, (2) in the case of a Registration Default under clause (ii) or
clause (iii) of the definition thereof, when the Shelf Registration Statement becomes effective or (3) in the case of a Registration Default under clause (iv) or clause (v) of the definition thereof, when the Shelf Registration
Statement again becomes effective or the Prospectus again becomes usable. If at any time more than one Registration Default has occurred and is continuing, then, until the next date that there is no Registration Default, the increase in interest
rate provided for by this paragraph shall apply as if there occurred a single Registration Default that begins on the date that the earliest such Registration Default occurred and ends on such next date that there is no Registration Default. 

  
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 (e)    Without limiting the remedies available to the Initial Purchasers and
the Holders, the Company and the Guarantors acknowledge that any failure by the Company or the Guarantors to comply with their obligations under Section 2(a) and Section 2(b) hereof may result in material irreparable injury to the Initial
Purchasers or the Holders for which there is no adequate remedy at law, that it will not be possible to measure damages for such injuries precisely and that, in the event of any such failure, the Initial Purchasers or any Holder may obtain such
relief as may be required to specifically enforce the Company’s and the Guarantors’ obligations under Section 2(a) and Section 2(b) hereof. 

3.    Registration Procedures. 

(a)    In connection with their obligations pursuant to Section 2(a) and Section 2(b) hereof, the Company and
the Guarantors shall: 
 (i)    use their commercially reasonable efforts to prepare and file with the
SEC a Registration Statement on the appropriate form under the Securities Act, which form (A) shall be selected by the Company and the Guarantors, (B) shall, in the case of a Shelf Registration, be available for the sale of the Registrable
Securities by the Holders thereof and (C) shall comply as to form in all material respects with the requirements of the applicable form and include all financial statements required by the SEC to be filed therewith; and cause such Registration
Statement to become effective and remain effective for the applicable period in accordance with Section 2 hereof; 

(ii)    prepare and file with the SEC such amendments and post-effective amendments to each Registration Statement as may
be necessary to keep such Registration Statement effective for the applicable period in accordance with Section 2 hereof and cause each Prospectus to be supplemented by any required prospectus supplement and, as so supplemented, to be filed
pursuant to Rule 424 under the Securities Act; and keep each Prospectus current during the period described in Section 4(3) of and Rule 174 under the Securities Act that is applicable to transactions by brokers or dealers with respect to the
Registrable Securities or Exchange Securities; 
 (iii)    to the extent any Free Writing Prospectus is used, file with
the SEC any Free Writing Prospectus that is required to be filed by the Company or the Guarantors with the SEC in accordance with the Securities Act and to retain any Free Writing Prospectus not required to be filed in accordance with the Securities
Act; 
 (iv)    in the case of a Shelf Registration, furnish to each Participating Holder, to counsel for the Initial
Purchasers and to each Underwriter of an Underwritten Offering of Registrable Securities, if any, without charge, as many copies of each Prospectus, preliminary prospectus or Free Writing Prospectus, and any amendment or supplement thereto, as such
Participating Holder, counsel or Underwriter may reasonably request in writing in order to facilitate the sale or other disposition of the Registrable Securities thereunder to the extent such documents are not publicly available on the SEC’s
EDGAR system; and, subject to Section 3(c) hereof, the Company and the Guarantors consent to the use of such Prospectus, preliminary prospectus or such Free Writing Prospectus and any amendment or supplement thereto in accordance with
applicable law by each of the Participating Holders and any such Underwriters in connection with the offering and sale of the Registrable Securities covered by and in the manner described in such Prospectus, preliminary prospectus or such Free
Writing Prospectus or any amendment or supplement thereto in accordance with applicable law; 

  
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 (v)    use their commercially reasonable efforts to register or qualify the
Registrable Securities under all applicable state securities or blue sky laws of such jurisdictions as any Participating Holder shall reasonably request in writing by the time the applicable Registration Statement becomes effective; cooperate with
such Participating Holders in connection with any filings required to be made with FINRA; and do any and all other acts and things that may be reasonably necessary or advisable to enable each Participating Holder to complete the disposition in each
such jurisdiction of the Registrable Securities owned by such Participating Holder; provided that neither the Company nor any Guarantor shall be required to (1) qualify as a foreign corporation or other entity or as a dealer in
securities in any such jurisdiction where it would not otherwise be required to so qualify, (2) file any general consent to service of process in any such jurisdiction or (3) subject itself to taxation in any such jurisdiction if it is not
so subject; 
 (vi)    notify counsel for the Initial Purchasers and, in the case of a Shelf Registration, notify each
Participating Holder promptly and, if requested by any such Participating Holder or counsel, confirm such advice in writing (1) when a Registration Statement has become effective, when any post-effective amendment thereto has been filed and
becomes effective, when any Free Writing Prospectus has been filed or any amendment or supplement to the Prospectus or any Free Writing Prospectus has been filed, (2) of any request by the SEC or any state securities authority for amendments
and supplements to a Registration Statement, Prospectus or any Free Writing Prospectus or for additional information after the Registration Statement has become effective, (3) of the issuance by the SEC or any state securities authority of any
stop order suspending the effectiveness of a Registration Statement or the initiation of any proceedings for that purpose, including the receipt by the Company of any notice of objection of the SEC to the use of a Shelf Registration Statement or any
post-effective amendment thereto pursuant to Rule 401(g)(2) under the Securities Act, (4) if, between the applicable effective date of a Shelf Registration Statement and the closing of any sale of Registrable Securities covered thereby, the
representations and warranties of the Company or any Guarantor contained in any underwriting agreement, securities sales agreement or other similar agreement, if any, relating to an offering of such Registrable Securities cease to be true and
correct in all material respects or if the Company or any Guarantor receives any notification with respect to the suspension of the qualification of the Registrable Securities for sale in any jurisdiction or the initiation of any proceeding for such
purpose, (5) of the happening of any event during the period a Registration Statement is effective that makes any statement made in such Registration Statement or the related Prospectus or any Free Writing Prospectus untrue in any material
respect or that requires the making of any changes in such Registration Statement or Prospectus or any Free Writing Prospectus in order to make the statements therein not misleading and (6) of any determination by the Company or any Guarantor
that a post-effective amendment to a Registration Statement or any amendment or supplement to the Prospectus or any Free Writing Prospectus would be appropriate; 

(vii)    use their commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of a
Registration Statement or, in the case of a Shelf Registration, the resolution of any objection of the SEC pursuant to Rule 401(g)(2) under the Securities Act, including by filing an amendment to such Registration Statement on the proper form, at
the earliest possible moment and provide immediate notice to each Holder or Participating Holder of the withdrawal of any such order or such resolution; 

  
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 (viii)    in the case of a Shelf Registration, to the extent it is not
available on EDGAR, furnish to each Participating Holder, without charge, at least one conformed copy of each Registration Statement and any post-effective amendment thereto (without any documents incorporated therein by reference or exhibits
thereto, unless requested); 
 (ix)    in the case of a Shelf Registration, unless the Securities or the Exchange
Securities shall be in book-entry only form, cooperate with the Participating Holders to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and not bearing any restrictive legends and enable
such Registrable Securities to be registered in such names (consistent with the provisions of the Indenture) as such Participating Holders may reasonably request in writing at least one Business Day prior to the closing of any sale of Registrable
Securities; 
 (x)    upon the occurrence of any event contemplated by Section 3(a)(vi)(5) hereof, use their
commercially reasonable efforts to prepare and file with the SEC a supplement or post-effective amendment to the applicable Exchange Offer Registration Statement or Shelf Registration Statement or the related Prospectus or any Free Writing
Prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered (or, to the extent permitted by law, made available) to purchasers of the Registrable Securities, such Prospectus or
Free Writing Prospectus, as the case may be, will not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not
misleading; and the Company and the Guarantors shall notify the Participating Holders (in the case of a Shelf Registration Statement) and the Initial Purchasers and any Participating Broker-Dealers known to the Company (in the case of an Exchange
Offer Registration Statement) to suspend use of the Prospectus or any Free Writing Prospectus as promptly as practicable after the occurrence of such an event, and such Participating Holders, such Participating Broker-Dealers and the Initial
Purchasers, as applicable, hereby agree to suspend use of the Prospectus or any Free Writing Prospectus, as the case may be, until the Company and the Guarantors have amended or supplemented the Prospectus or the Free Writing Prospectus, as the case
may be, to correct such misstatement or omission; 
 (xi)    a reasonable time prior to the filing of any Registration
Statement, any Prospectus, any Free Writing Prospectus, any amendment to a Registration Statement or amendment or supplement to a Prospectus or a Free Writing Prospectus (excluding, in each case, any document that is to be incorporated by reference
into a Registration Statement, a Prospectus or a Free Writing Prospectus after initial filing of a Registration Statement), provide copies of such document to the Initial Purchasers and their counsel (and, in the case of a Shelf Registration
Statement, to the Participating Holders) and make such of the representatives of the Company and the Guarantors as shall be reasonably requested by the Initial Purchasers or their counsel (and, in the case of a Shelf Registration Statement, the
Participating Holders) available for discussion of such document; and the Company and the Guarantors shall not, at any time after initial filing of a Registration Statement, use or file any Prospectus, any Free Writing Prospectus, any amendment of
or supplement to a Registration Statement or a Prospectus or a Free Writing 

  
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Prospectus (excluding, in each case, any document that is to be incorporated by reference into a Registration Statement, a Prospectus or a Free Writing Prospectus), of which the Initial
Purchasers and their counsel (and, in the case of a Shelf Registration Statement, the Participating Holders) shall not have previously been advised and furnished a copy; 

(xii)    obtain a CUSIP number for all Exchange Securities or Registrable Securities, as the case may be, not later than
the initial effective date of a Registration Statement; 
 (xiii)    cause the Indenture to be qualified under the Trust
Indenture Act in connection with the registration of the Exchange Securities or Registrable Securities, as the case may be; cooperate with the Trustee and the Holders to effect such changes to the Indenture as may be required for the Indenture to be
so qualified in accordance with the terms of the Trust Indenture Act; and execute, and use their commercially reasonable efforts to cause the Trustee to execute, all documents as may be required to effect such changes and all other forms and
documents required to be filed with the SEC to enable the Indenture to be so qualified in a timely manner; 

(xiv)    in the event that such qualification would require the appointment of a new trustee under the Indenture, the
Company shall appoint a new trustee thereunder pursuant to the applicable provisions of the Indenture; 
 (xv)    in the
case of a Shelf Registration, make available for inspection by a representative of such Participating Holders as shall indicate that they have a current intention to sell the Registrable Securities (an “Inspector”), any Underwriter
participating in any disposition pursuant to such Shelf Registration Statement, any attorneys and accountants designated by a majority in aggregate principal amount of the Securities held by the Participating Holders and any attorneys and
accountants designated by such Underwriter, at reasonable times and in a reasonable manner, all pertinent financial and other records, documents and properties of the Company and its subsidiaries, and cause the respective officers, directors and
employees of the Company and the Guarantors to supply all information reasonably requested by any such Inspector, Underwriter, attorney or accountant in connection with a Shelf Registration Statement; provided that if any such information is
identified by the Company or any Guarantor as being confidential or proprietary, each Person receiving such information shall take such actions as are reasonably necessary to protect the confidentiality of such information to the extent such action
is otherwise not inconsistent with, an impairment of or in derogation of the rights and interests of any Inspector, Holder or Underwriter); 

(xvi)    if reasonably requested in writing by any Participating Holder, promptly include in a Prospectus supplement or
post-effective amendment such information with respect to such Participating Holder as such Participating Holder reasonably requests in writing to be included therein and make all required filings of such Prospectus supplement or such post-effective
amendment as soon as the Company has received notification of the matters to be so included in such filing; 

(xvii)    in the case of a Shelf Registration, enter into such customary agreements and take all such other actions in
connection therewith (including those requested by the Holders of a majority in principal amount of the Registrable Securities covered by the Shelf Registration Statement) in order to expedite or facilitate the disposition of such Registrable
Securities 

  
 12 

 
including, but not limited to, an Underwritten Offering and in such connection, (1) to the extent possible, make such representations and warranties to the Participating Holders and any
Underwriters of such Registrable Securities with respect to the business of the Company and its subsidiaries and the Registration Statement, Prospectus, any Free Writing Prospectus and documents incorporated by reference or deemed incorporated by
reference, if any, in each case, in form, substance and scope as are customarily made by issuers to underwriters in underwritten offerings and confirm the same if and when requested, (2) obtain opinions of counsel to the Company and the
Guarantors (which counsel and opinions, in form, scope and substance, shall be reasonably satisfactory to the Participating Holders and such Underwriters and their respective counsel) addressed to each Participating Holder and Underwriter of
Registrable Securities, covering the matters customarily covered in opinions requested in underwritten offerings, (3) obtain “comfort” letters from the independent registered public accountants of the Company and the Guarantors (and,
if necessary, any other registered public accountant of any subsidiary of the Company or any Guarantor, or of any business acquired by the Company or any Guarantor for which financial statements and financial data are or are required to be included
in the Registration Statement) addressed to each Participating Holder (to the extent permitted by applicable professional standards) and Underwriter of Registrable Securities, such letters to be in customary form and covering matters of the type
customarily covered in “comfort” letters in connection with underwritten offerings, including but not limited to financial information contained in any preliminary prospectus, Prospectus or Free Writing Prospectus and (4) deliver such
documents and certificates as may be reasonably requested by the Holders of a majority in principal amount of the Registrable Securities being sold or the Underwriters, and which are customarily delivered in underwritten offerings, to evidence the
continued validity of the representations and warranties of the Company and the Guarantors made pursuant to clause (1) above and to evidence compliance with any customary conditions contained in an underwriting agreement; 

(xviii)    so long as any Registrable Securities remain outstanding, cause each Additional Guarantor, promptly following
the creation of the Guarantee by such Additional Guarantor under the Indenture, to execute a counterpart to this Agreement in the form attached hereto as Annex A and to deliver such counterpart to the Initial Purchasers no later than five Business
Days following the execution thereof; and 
 (xix)    make generally available to the Participating Holders no later
than eighteen months after the Exchange Offer Registration Statement has become effective under the Securities Act, an “earning statement” of the Company and its subsidiaries complying with Section 11(a) of the Securities Act
(including, at the option of the Company, Rule 158 thereunder). 
 (b)    In the case of a Shelf Registration Statement,
the Company may require each Holder of Registrable Securities to furnish to the Company a Notice and Questionnaire and such other information regarding such Holder and the proposed disposition by such Holder of such Registrable Securities as the
Company and the Guarantors may from time to time reasonably request in writing. 

  
 13 

 (c)    Each Participating Holder agrees that, upon receipt of any notice from
the Company and the Guarantors of the happening of any event of the kind described in Section 3(a)(vi)(3) or Section 3(a)(vi)(5) hereof, such Participating Holder will forthwith discontinue disposition of Registrable Securities pursuant to
the Shelf Registration Statement until such Participating Holder’s receipt of the copies of the supplemented or amended Prospectus and any Free Writing Prospectus contemplated by Section 3(a)(x) hereof and, if so directed by the Company
and the Guarantors, such Participating Holder will deliver to the Company and the Guarantors all copies in its possession, other than permanent file copies then in such Participating Holder’s possession, of the Prospectus and any Free Writing
Prospectus covering such Registrable Securities that is current at the time of receipt of such notice. 
 (d)    The
Company and the Guarantors may from time to time give any notice to suspend the disposition of Exchange Securities or Registrable Securities pursuant to a Registration Statement. If any such notice is given, the Company and the Guarantors shall
extend the period during which such Registration Statement shall be maintained effective pursuant to this Agreement by the number of days during the period from and including the date of the giving of such notice to and including the date when the
Holders of such Exchange Securities or Registrable Securities shall have received copies of the supplemented or amended Prospectus or any Free Writing Prospectus necessary to resume such dispositions. The Company and the Guarantors may give any such
notice only twice during any 365-day period and any such suspensions shall not exceed 30 days for each suspension and there shall not be more than two suspensions in effect during any 365-day period. 
 (e)    The Participating Holders who desire to do so may sell such
Registrable Securities in an Underwritten Offering. In any such Underwritten Offering, the investment bank or investment banks and manager or managers (each an “Underwriter”) that will administer the offering will be selected by the
Holders of a majority in principal amount of the Registrable Securities included in such offering. 

4.    Participation of Broker-Dealers in Exchange Offer. 

(a)    The Staff has taken the position that any broker-dealer that receives Exchange Securities for its own account in
the Exchange Offer in exchange for Securities that were acquired by such broker-dealer as a result of market-making or other trading activities (a “Participating Broker-Dealer”) may be deemed to be an “underwriter” within
the meaning of the Securities Act and must deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of such Exchange Securities. 

The Company and the Guarantors understand that it is the Staff’s position that if the Prospectus contained in the Exchange Offer
Registration Statement includes a plan of distribution containing a statement to the above effect and the means by which Participating Broker-Dealers may resell the Exchange Securities, without naming the Participating Broker-Dealers or specifying
the amount of Exchange Securities owned by them, such Prospectus may be delivered by Participating Broker-Dealers (or, to the extent permitted by law, made available to purchasers) to satisfy their prospectus delivery obligation under the Securities
Act in connection with resales of Exchange Securities for their own accounts, so long as the Prospectus otherwise meets the requirements of the Securities Act. 

  
 14 

 (b)    In light of the above, and notwithstanding the other provisions of
this Agreement, the Company and the Guarantors agree to amend or supplement the Prospectus contained in the Exchange Offer Registration Statement for a period of up to 180 days after the last Exchange Date (as such period may be extended pursuant to
Section 3(d) hereof), in order to expedite or facilitate the disposition of any Exchange Securities by Participating Broker-Dealers consistent with the positions of the Staff recited in Section 4(a) above. The Company and the Guarantors
further agree that Participating Broker-Dealers shall be authorized to deliver such Prospectus (or, to the extent permitted by law, make available) during such period in connection with the resales contemplated by this Section 4. 

(c)    The Initial Purchasers shall have no liability to the Company, any Guarantor or any Holder with respect to any
request that they may make pursuant to Section 4(b) hereof. 
 5.    Indemnification and Contribution. 

(a)    The Company and each Guarantor, jointly and severally, agree to indemnify and hold harmless each Initial Purchaser
and each Holder, their respective affiliates, directors and officers and each Person, if any, who controls any Initial Purchaser or any Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, from
and against any and all losses, claims, damages and liabilities (including, without limitation, legal fees and other reasonable and documented expenses incurred in connection with any suit, action or proceeding or any claim asserted, as such fees
and expenses are incurred), joint or several, that arise out of, or are based upon, (1) any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement or any omission or alleged omission to state
therein a material fact required to be stated therein or necessary in order to make the statements therein not misleading, or (2) any untrue statement or alleged untrue statement of a material fact contained in any Prospectus, any Free Writing
Prospectus or any “issuer information” (“Issuer Information”) filed or required to be filed pursuant to Rule 433(d) under the Securities Act, or any omission or alleged omission to state therein a material fact necessary
in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, in each case except insofar as such losses, claims, damages or liabilities arise out of, or are based upon, any untrue statement
or omission or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to any Initial Purchaser or information relating to any Holder furnished to the Company in writing through the Representatives
expressly for use therein. In connection with any Underwritten Offering permitted by Section 3, the Company and the Guarantors, jointly and severally, will also indemnify the Underwriters, if any, selling brokers, dealers and similar securities
industry professionals participating in the distribution, their respective affiliates and each Person who controls such Persons (within the meaning of the Securities Act and the Exchange Act) to the same extent as provided above with respect to the
indemnification of the Holders, if requested in connection with any Registration Statement, any Prospectus, any Free Writing Prospectus or any Issuer Information. 

(b)    Each Holder agrees, severally and not jointly, to indemnify and hold harmless the Company, the Guarantors, the
Initial Purchasers and the other selling Holders, the directors of the Company and the Guarantors, each officer of the Company and the Guarantors who signed the Registration Statement and each Person, if any, who controls the Company, the
Guarantors, 

  
 15 

 
any Initial Purchaser and any other selling Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act to the same extent as the indemnity set forth
in paragraph (a) above, but only with respect to any losses, claims, damages or liabilities that arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity
with any information relating to such Holder furnished to the Company in writing by such Holder expressly for use in any Registration Statement, any Prospectus and any Free Writing Prospectus. 

(c)    If any suit, action, proceeding (including any governmental or regulatory investigation), claim or demand shall be
brought or asserted against any Person in respect of which indemnification may be sought pursuant to either paragraph (a) or (b) above, such Person (the “Indemnified Person”) shall promptly notify the Person against whom such
indemnification may be sought (the “Indemnifying Person”) in writing; provided that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have under paragraph (a) or (b) above
except to the extent that it has been materially prejudiced. If any such proceeding shall be brought or asserted against an Indemnified Person and it shall have notified the Indemnifying Person thereof, the Indemnifying Person shall employ counsel
reasonably satisfactory to the Indemnified Person to represent the Indemnified Person and any others entitled to indemnification pursuant to this Section 5 that the Indemnifying Person may designate in such proceeding and shall pay the
reasonable and documented fees and expenses of such proceeding and shall pay the reasonable and documented fees and expenses of such counsel related to such proceeding, as incurred. In any such proceeding, any Indemnified Person shall have the right
to employ its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Person unless: (i) the employment of such counsel has been specifically authorized in writing by the Indemnifying Person;
(ii) the Indemnifying Person has failed promptly to assume the defense and employ counsel reasonably satisfactory to the Indemnified Person; or (iii) the named parties to any such action (including any impleaded parties) include both such
Indemnified Person and the Indemnifying Person or any affiliate of the Indemnifying Person, and such Indemnified Person shall have concluded on the advice of counsel that either (x) there may be one or more legal defenses available to it which
are different from or additional to those available to the Indemnifying Person or such affiliate of the Indemnifying Person or (y) a conflict may exist between such Indemnified Person and the Indemnifying Person or such affiliate of the
Indemnifying Person (it being understood, however, that the Indemnifying Person shall not, in connection with any one such action or separate but substantially similar or related actions in the same jurisdiction arising out of the same general
allegations or circumstances, be liable for the fees and expenses of more than one separate firm of attorneys (in addition to a single firm of local counsel) for all such Indemnified Persons, and that all such reasonable fees and expenses shall be
reimbursed as they are incurred). Any such separate firm (x) for any Initial Purchaser, its affiliates, directors and officers and any control Persons of such Initial Purchaser shall be designated in writing by the Representatives and
(y) for any Holder, its directors and officers and any control Persons of such Holder shall be designated in writing by the Majority Holders. The Indemnifying Person shall not be liable for any settlement of any proceeding effected without its
written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the Indemnifying Person agrees to indemnify each Indemnified Person from and against any loss or liability by reason of such settlement or judgment.
No Indemnifying Person shall, without the written consent of the Indemnified Person, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Person 

  
 16 

 
is or could have been a party and indemnification could have been sought hereunder by such Indemnified Person, unless such settlement (A) includes an unconditional release of such
Indemnified Person, in form and substance reasonably satisfactory to such Indemnified Person, from all liability on claims that are the subject matter of such proceeding and (B) does not include any statement as to or any admission of fault,
culpability or a failure to act by or on behalf of any Indemnified Person. 
 (d)    If the indemnification provided for
in paragraphs (a) and (b) above is unavailable to an Indemnified Person or insufficient in respect of any losses, claims, damages or liabilities referred to therein, then each Indemnifying Person under such paragraph, in lieu of indemnifying
such Indemnified Person thereunder, shall contribute to the amount paid or payable by such Indemnified Person as a result of such losses, claims, damages or liabilities (i) in such proportion as is appropriate to reflect the relative benefits
received by the Company and the Guarantors from the offering of the Securities and the Exchange Securities, on the one hand, and by the Holders from receiving Securities or Exchange Securities registered under the Securities Act, on the other hand,
or (ii) if the allocation provided by clause (i) is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) but also the relative fault of the Company
and the Guarantors on the one hand and the Holders on the other in connection with the statements or omissions that resulted in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault
of the Company and the Guarantors on the one hand and the Holders on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a
material fact relates to information supplied by the Company and the Guarantors or by the Holders and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

(e)    The Company, the Guarantors and the Holders agree that it would not be just and equitable if contribution pursuant
to this Section 5 were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to
above. The amount paid or payable by an Indemnified Person as a result of the losses, claims, damages and liabilities referred to above shall be deemed to include, subject to the limitations set forth above, any legal or other expenses incurred by
such Indemnified Person in connection with any such action or claim. Notwithstanding the provisions of this Section 5, in no event shall a Holder be required to contribute any amount in excess of the amount by which the total price at which the
Securities or Exchange Securities sold by such Holder exceeds the amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute
pursuant to this Section 5 are several and not joint. 
 (f)    The remedies provided for in this Section 5
are not exclusive and shall not limit any rights or remedies that may otherwise be available to any Indemnified Person at law or in equity. 

  
 17 

 (g)    The indemnity and contribution provisions contained in this
Section 5 shall remain operative and in full force and effect regardless of (i) any termination of this Agreement, (ii) any investigation made by or on behalf of the Initial Purchasers or any Holder or any Person controlling any
Initial Purchaser or any Holder, or by or on behalf of the Company or the Guarantors or the officers or directors of or any Person controlling the Company or the Guarantors, (iii) acceptance of any of the Exchange Securities and (iv) any
sale of Registrable Securities pursuant to a Shelf Registration Statement. 
 6.    General. 

(a)    No Inconsistent Agreements. The Company and the Guarantors represent, warrant and agree that neither the
Company nor any Guarantor has entered into, or on or after the date of this Agreement will enter into, any agreement that is inconsistent with the rights granted to the Holders of Registrable Securities in this Agreement or otherwise conflicts with
the provisions hereof; provided that, if the Company and the Guarantors issue additional Securities, the Company and the Guarantors shall be permitted to enter into a registration rights agreement in connection with such issuance with terms
substantially the same as the terms hereof, and any such additional Securities shall be treated as “Securities” hereunder for purposes of determining the amount of Securities or the holders thereof required to take any action hereunder,
including any consent, amendment, waiver, demand or request. 
 (b)    Amendments and Waivers. The provisions of
this Agreement, including the provisions of this sentence, may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given unless the Company and the Guarantors have obtained the
written consent of Holders of at least a majority in aggregate principal amount of the outstanding Registrable Securities affected by such amendment, modification, supplement, waiver or consent; provided that no amendment, modification,
supplement, waiver or consent to any departure from the provisions of Section 5 hereof shall be effective as against any Holder of Registrable Securities unless consented to in writing by such Holder. Any amendments, modifications, supplements,
waivers or consents pursuant to this Section 6(b) shall be by a writing executed by each of the parties hereto. 

(c)    Notices. All notices and other communications provided for or permitted hereunder shall be made in writing
by hand-delivery, registered first-class mail, electronic mail, telecopier, or any courier guaranteeing overnight delivery (i) if to a Holder, at the most current address given by such Holder to the Company by means of a notice given in
accordance with the provisions of this Section 6(c), which address initially is, with respect to the Initial Purchasers, the address set forth in the Purchase Agreement; (ii) if to the Company and the Guarantors, initially at the
Company’s address set forth in the Purchase Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 6(c); and (iii) to such other persons at their respective addresses
as provided in the Purchase Agreement and thereafter at such other address, notice of which is given in accordance with the provisions of this Section 6(c). All such notices and communications shall be deemed to have been duly given: at the
time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged, if sent by electronic mail or telecopied; and on the next Business Day if timely
delivered to an air courier guaranteeing overnight delivery. Copies of all such notices, demands or other communications shall be concurrently delivered by the Person giving the same to the Trustee, at the address specified in the Indenture. 

  
 18 

 (d)    Successors and Assigns. This Agreement shall inure to the
benefit of and be binding upon the successors, assigns and transferees of each of the parties, including, without limitation and without the need for an express assignment, subsequent Holders; provided that nothing herein shall be deemed to
permit any assignment, transfer or other disposition of Registrable Securities in violation of the terms of the Purchase Agreement or the Indenture. If any transferee of any Holder shall acquire Registrable Securities in any manner, whether by
operation of law or otherwise, such Registrable Securities shall be held subject to all the terms of this Agreement, and by taking and holding such Registrable Securities such Person shall be conclusively deemed to have agreed to be bound by and to
perform all of the terms and provisions of this Agreement and such Person shall be entitled to receive the benefits hereof. The Initial Purchasers (in their capacity as Initial Purchasers) shall have no liability or obligation to the Company or the
Guarantors with respect to any failure by a Holder to comply with, or any breach by any Holder of, any of the obligations of such Holder under this Agreement. 

(e)    Third Party Beneficiaries. Each Holder shall be a third party beneficiary to the agreements made hereunder
between the Company and the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, and shall have the right to enforce such agreements directly to the extent it deems such enforcement necessary or advisable to protect its rights
or the rights of other Holders hereunder. 
 (f)    Counterparts. This Agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

(g)    Headings. The headings in this Agreement are for convenience of reference only, are not a part of this
Agreement and shall not limit or otherwise affect the meaning hereof. 
 (h)    Governing Law. This Agreement,
and any claim, controversy or dispute arising under or related to this Agreement, shall be governed by and construed in accordance with the laws of the State of New York. 

(i)    Entire Agreement; Severability. This Agreement contains the entire agreement between the parties relating to
the subject matter hereof and supersedes all oral statements and prior writings with respect thereto. If any term, provision, covenant or restriction contained in this Agreement is held by a court of competent jurisdiction to be invalid, void or
unenforceable or against public policy, the remainder of the terms, provisions, covenants and restrictions contained herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated. The Company, the Guarantors
and the Initial Purchasers shall endeavor in good faith negotiations to replace the invalid, void or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, void or unenforceable
provisions. 

  
 19 

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

  

					
	 COMPANY:
  

PATTERSON-UTI ENERGY, INC.

		
	By:	 	/s/ C. Andrew Smith
		 	Name:	 	C. Andrew Smith
		 	Title:	 	Executive Vice President & Chief Financial Officer
	
	 GUARANTORS:
  

PATTERSON PETROLEUM LLC

		
	By:	 	/s/ C. Andrew Smith
		 	Name:	 	C. Andrew Smith
		 	Title:	 	Executive Vice President & Chief Financial Officer
	
	PATTERSON-UTI DRILLING COMPANY LLC
		
	By:	 	/s/ C. Andrew Smith
		 	Name:	 	C. Andrew Smith
		 	Title:	 	Executive Vice President & Chief Financial Officer
	
	PATTERSON-UTI MANAGEMENT SERVICES, LLC
		
	By:	 	/s/ C. Andrew Smith
		 	Name:	 	C. Andrew Smith
		 	Title:	 	Executive Vice President & Chief Financial Officer

 SIGNATURE PAGE TO REGISTRATION
RIGHTS AGREEMENT 

 
					
	UNIVERSAL PRESSURE PUMPING, INC.
		
	By:	 	/s/ C. Andrew Smith
		 	Name:	 	C. Andrew Smith
		 	Title:	 	Executive Vice President & Chief Financial Officer
	
	DRILLING TECHNOLOGIES 1 LLC
		
	By:	 	/s/ C. Andrew Smith
		 	Name:	 	C. Andrew Smith
		 	Title:	 	Executive Vice President & Chief Financial Officer
	
	DRILLING TECHNOLOGIES 2 LLC
		
	By:	 	/s/ C. Andrew Smith
		 	Name:	 	C. Andrew Smith
		 	Title:	 	Executive Vice President & Chief Financial Officer
	
	WARRIOR RIG TECHNOLOGIES US LLC
		
	By:	 	/s/ C. Andrew Smith
		 	Name:	 	C. Andrew Smith
		 	Title:	 	Executive Vice President & Chief Financial Officer
	
	SEVENTY SEVEN ENERGY LLC
		
	By:	 	/s/ C. Andrew Smith
		 	Name:	 	C. Andrew Smith
		 	Title:	 	Executive Vice President & Chief Financial Officer

 SIGNATURE PAGE TO REGISTRATION
RIGHTS AGREEMENT 

 
					
	SEVENTY SEVEN OPERATING LLC
		
	By:	 	/s/ C. Andrew Smith
		 	Name:	 	C. Andrew Smith
		 	Title:	 	Executive Vice President & Chief Financial Officer
	
	GREAT PLAINS OILFIELD RENTAL, L.L.C.
		
	By:	 	/s/ C. Andrew Smith
		 	Name:	 	C. Andrew Smith
		 	Title:	 	Executive Vice President & Chief Financial Officer
	
	PTL PROP SOLUTIONS, L.L.C.
		
	By:	 	/s/ C. Andrew Smith
		 	Name:	 	C. Andrew Smith
		 	Title:	 	Executive Vice President & Chief Financial Officer
	
	SEVENTY SEVEN LAND COMPANY LLC
		
	By:	 	/s/ C. Andrew Smith
		 	Name:	 	C. Andrew Smith
		 	Title:	 	Executive Vice President & Chief Financial Officer
	
	MS DIRECTIONAL, LLC
		
	By:	 	/s/ C. Andrew Smith
		 	Name:	 	C. Andrew Smith
		 	Title:	 	Executive Vice President & Chief Financial Officer

 SIGNATURE PAGE TO REGISTRATION
RIGHTS AGREEMENT 

 
					
	REPRESENTATIVES:
	
	GOLDMAN SACHS & CO. LLC
		
	By:	 	/s/ Ryan Gilliam
		 	Name:	 	Ryan Gilliam
		 	Title:	 	Vice President

 
					
	
	 MERRILL LYNCH, PIERCE, FENNER & SMITH

                          
     INCORPORATED

 
					
		
	By:	 	/s/ Shawn Cepeda
		 	Name:	 	Shawn Cepeda
		 	Title:	 	Managing Director

 
					
	
	WELLS FARGO SECURITIES, LLC
		
	By:	 	/s/ Matthew Pearman
		 	Name:	 	Matthew Pearman
		 	Title:	 	Vice President

 SIGNATURE PAGE TO REGISTRATION
RIGHTS AGREEMENT 

 Schedule 1 

Guarantors 
 Patterson Petroleum LLC 

Patterson-UTI Drilling Company LLC 

Patterson-UTI Management Services, LLC 

Universal Pressure Pumping, Inc. 
 Drilling Technologies 1 LLC

 Drilling Technologies 2 LLC 
 Warrior Rig Technologies US LLC

 Seventy Seven Energy LLC 
 Seventy Seven Operating LLC 

Great Plains Oilfield Rental, L.L.C. 
 PTL Prop Solutions, L.L.C.

 Seventy Seven Land Company LLC 
 MS Directional, LLC 

 Annex A 

Counterpart to Registration Rights Agreement 

The undersigned hereby agrees as a Guarantor (as defined in the Registration Rights Agreement, dated January 19, 2018 by and among Patterson-UTI Energy, Inc., a Delaware corporation, the guarantors party thereto and Goldman Sachs & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities,
LLC, as representatives of the Initial Purchasers) to be bound by the terms and provisions of such Registration Rights Agreement. 
 IN
WITNESS WHEREOF, the undersigned has executed this counterpart as of [•], 20[•]. 
  

			
	[GUARANTOR]
		
	By	 	
             

 
			
	Name:	 	
	Title:Exhibit 10.1

 

 

 

 

January 12, 2018

 

Mr. Ben Wu

 

Dear Ben:

 

As we discussed, this letter agreement
sets forth the terms of your separation from employment with Kush Bottles, Inc., a Nevada corporation (the “Company”).
Your final date of employment with the Company is January 12, 2018 (the “Separation Date”). In connection with the
termination of your employment, the Company is offering certain benefits to which you are not otherwise entitled, in exchange for
certain obligations on your part. This letter is referred to as the “Agreement.”

 

1.       Earned
Compensation; Business Expenses. As of January 12, 2018, you will receive a payment representing your final pay for all earned
but unpaid wages, including accrued but unused vacation time, earned through and including the Separation Date. All payments are
subject to applicable withholdings and deductions. You will also be reimbursed for any authorized reasonable business expenses
that you may have incurred, provided that you submit an expense report and supporting documentation in accordance with the Company’s
policies and practices on, or immediately after, the Separation Date. You receive the earned compensation, reimbursement of business
expenses and notice described in this paragraph even if you do not sign this Agreement.

 

2.       Benefit
Plans. Because you do not currently participate in the Company’s group health plan, you will not have the option of extending
that coverage by electing continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act (“COBRA”).
Your participation in all other Company benefit plans will end on the Separation Date unless they continue by the terms of their
respective governing plan documents.

 

3.       Severance
Benefits. If you: (a) sign this Agreement on or before January 12, 2018 and comply with all of the terms of this Agreement,
then the Company will:

 

		i.	provide you with severance pay in an amount equal to Thirty Thousand Dollars ($30,000.00), subject
to all applicable withholdings and deductions, payable in equal installments in accordance with the Company’s regular payroll
schedule over a period of three (3) months and commencing on the next regularly scheduled payroll date after the Separation Date;

 

		ii.	amend the terms of your existing options to purchase 1,000,000 shares of the Company’s common
stock that have an exercise price of $0.05 per share (the “Retained Options”) to (A) extend the exercise period and
expiration date until the one-year anniversary of the Separation Date, provided that you hereby agree to not exercise more than
250,000 of the Retained Options in any consecutive thirty (30) calendar day period during such extended exercise period, and (ii)
provide that upon the occurrence of a Change in Control, as such term is defined in the Company’s 2016 Stock Incentive Plan
(a “Change in Control”), all such Retained Options shall immediately become fully vested and exercisable; and

 

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		iii.	grant 100,000 shares of the Company’s restricted common stock to you, which will vest with
respect to all 100,000 shares upon the earlier to occur of (i) the one-year anniversary of the Separation Date, or (ii) a Change
in Control.

 

For the avoidance of doubt, your options
to purchase 1,500,000 shares of the Company’s common stock at an exercise price of $2.64 shall, to the extent they are not
exercised prior to the Separation Date, be forfeited on the Separation Date pursuant to their terms. The Company hereby covenants
and agrees to use its reasonable best efforts to cause any restrictive legends on the certificates or book entry notations with
respect to shares issued upon exercise of the Retained Options to be removed, to the extent permissible under applicable law, as
promptly as practicable following written notice from you to the Company indicating your intention to sell such shares. These best
efforts will apply to both the 1,000,000 options noted in point i. as well as the 100,000 shares of restricted stock noted in point
iii. above.

 

The severance benefits set forth in paragraphs
3(i)-(iii) are collectively the “Severance Benefits.”

 

If you:

 

		A.	do not sign this Agreement on or before January
12, 2018; or

 

		B.	do not comply with the terms of this Agreement;

 

then you will not be entitled to, and the
Company will not be obligated to provide you with, any Severance Benefits.

 

4.       General
Release, Waiver and Covenant Not to Sue. Except as specifically set forth in this Agreement, and in consideration and exchange
for the Severance Benefits set forth above, and for other good and valuable consideration described herein, you, Ben Wu, on behalf
of yourself, your heirs, next of kin, executors, administrators, agents, representatives, attorneys and assigns, knowingly and
voluntarily forever release and discharge Kush Bottles, Inc.; its past and present affiliates, subsidiaries, board of directors,
parent companies, investors, predecessors, successors and assigns; and its and their respective current and former partners, members,
owners, shareholders, trustees, officers, directors, employees, attorneys, fiduciaries, insurers, representatives and agents, both
individually and in their business capacities (collectively, the “Releasees”) of and from, and waive any rights in
and to, all claims, complaints, demands, contracts, grants, lawsuits, causes of action or expenses of any kind (including attorney’s
fees and costs), (collectively, “Claims”), whether known or unknown, that you now have or ever had against the Releasees
or any of them up to your signing this Agreement, including but not limited to Claims related to or arising from your employment
with the Company and/or the termination thereof; Claims arising under common law; Claims for breach of contract and in tort; Claims
for unpaid compensation, unpaid bonuses, equity or any employee benefits; Claims for attorney’s fees and costs; and Claims
arising under federal, state or local labor law, employment laws and laws prohibiting employment discrimination (based on age,
gender, pregnancy, race, religion, color, national origin, ancestry, ethnicity, sexual orientation, disability, genetic information,
military or veteran status, gender identity and expression, and other protected classes), including but not limited to: Title VII
of the Civil Rights Act of 1964, the Equal Pay Act of 1963, the Fair Labor Standards Act of 1938, the Consolidated Omnibus Budget
Reconciliation Act of 1985, the Family and Medical Leave Act of 1993, the Employee Retirement Income Security Act of 1974, the
Age Discrimination in Employment Act, the Older Workers’ Benefit Protection Act of 1990, the Americans with Disabilities
Act, the Genetic Information Nondiscrimination Act, each as amended, and all related regulations, rules or orders, and similar
federal, state or local statutes, regulations, rules or ordinances, including but not limited to the California Labor Code (including
without limitation §1194(a)), the California Wage Theft Prevention Act, the California Fair Pay Act, the “All Gender”
Bathroom Bill, the California Fair Employment and Housing Act, each as amended. You further agree that you covenant not to sue
the Releasees, or any of them, for any Claims described above. For avoidance of doubt, this means that you have released the Releasees
from liability from any Claims, and, additionally, separately agree not to commence any legal action for any Claims. You acknowledge
that if you bring any legal action against the Releasees or any of them for any Claims, then you will be in breach of this Agreement.
You understand that the release contained herein is a GENERAL RELEASE and acknowledge that the Severance Benefits are sufficient
consideration for your obligations and release in this Agreement.

 

    	1800 NEWPORT CIRCLE, SANTA ANA, CA 92705 l 888.920.5874 l WWW.KUSHBOTTLES.COM

    	 	 

    

 

a.   
Acknowledgements. You acknowledge that with your final paycheck, you have been paid any and all wages (including
all base compensation and, if applicable, any and all overtime, commissions which are due and payable as of the Separation Date,
and bonuses) to which you are or were entitled by virtue of your employment with the Company, and that you are unaware of any facts
or circumstances indicating that you may have an outstanding claim for unpaid wages, improper deductions from pay, or any violation
of the Fair Labor Standards Act, the California Labor Code, the California Fair Pay Act, or any other federal, state or local laws,
regulations, rules, ordinances or orders that are related to payment of wages. You acknowledge that you have not suffered an injury
in the workplace which has not been reported to the Company and are not aware of any facts or circumstances that would give rise
to a claim that you suffered a workplace injury. You acknowledge that you have received any leaves of absence and any reasonable
accommodations to which you were entitled under the Family and Medical Leave Act, the Americans with Disabilities Act, the California
Family Rights Act, the California Paid Family Leave Act, the California Healthy Workplaces, Healthy Families Act, or any other
laws, regulations, rules or ordinances relating to medical leaves and accommodations and are not aware of any facts or circumstances
that would give rise to a claim that you were denied any rights under such laws, regulations, rules or ordinances.

 

b.   
Protected Activity. This release does not apply to: (i) your entitlement under ERISA to vested retirement or pension
benefits; (ii) enforcement of the terms of this Agreement; (iii) any claims to workers’ compensation benefits; (iv) any claims
for unemployment benefits; and (v) any claims that may not be released by applicable law. Also, nothing in this Agreement shall
prohibit you from filing a charge with the Equal Employment Opportunity Commission (“EEOC”) or with any other federal,
state or local government agency, including the National Labor Relations Board (“NLRB”) or from participating in an
investigation or proceeding of the EEOC or other federal, state or local government agency, including the NLRB. However, you waive
the right to any personal monetary recovery or other personal relief should the EEOC or any other federal, state or local government
agency pursue any class or individual charges in part or entirely on your behalf on the basis that any such claims have been fully
and completely satisfied by the payments you are receiving under this Agreement.

 

    	1800 NEWPORT CIRCLE, SANTA ANA, CA 92705 l 888.920.5874 l WWW.KUSHBOTTLES.COM

    	 	 

    

  

c.    Release of Unknown
or Unsuspected Claims. You understand and agree that this is a full and final release covering all known, unknown, anticipated
and unanticipated injuries, debts, claims or damages to you which may have arisen or may be connected with your work relationship
with the Company, the termination of that relationship, or based on any other act or omission through the execution date of this
Agreement. You hereby waive any and all rights or benefits which you may now have, or in the future may have, under the terms of
Section 1542 of the California Civil Code, which provides as follows:

 

A general release does
not extend to claims which the creditor does not know or suspect to exist in her or her favor at the time of executing the release,
which if known by him or her must have materially affected her or her settlement with the debtor.

 

 

5.       Nondisparagement;
Relationship to the Company. You and the Company each hereby agree not to make or provide any derogatory, defamatory or negative
statements or information to anyone about the other party (and, in the case of the Company, any of the Releasees or any of its
or their respective services, products, directors, officers or employees), unless compelled to do so by law, or by an order of
a court or other forum of competent jurisdiction, in which case the disclosing party will notify the other party promptly to allow
the other party sufficient time to intervene to stop the disclosing party from being required to make such statements or information.
After the Separation Date, you must refrain from representing to others or giving others the impression, whether directly or indirectly,
that you are in any way an employee, agent or representative of the Company, except in your limited capacity as consultant during
the term of the Consulting Agreement by and between you and Company, dated on or about the date hereof (the “Consulting Agreement”).

 

6.       Confidentiality
Agreement. You will remain bound by all terms of confidentiality currently in place with the Company as well as any subsequent
agreements that may be put in place.

 

    	1800 NEWPORT CIRCLE, SANTA ANA, CA 92705 l 888.920.5874 l WWW.KUSHBOTTLES.COM

    	 	 

    

 

7.       Cooperation;
Return of Property. You agree to cooperate fully in the defense or prosecution of any claims or actions now in existence or
which may be brought or threatened in the future against or on behalf of the Company about which you have knowledge or were involved
by virtue of your employment with the Company, and in any claim or action brought by the Company against any other entity about
which you have knowledge or were involved by virtue of your employment with the Company. On or before the Separation Date, you
agree to return all of the Company’s property, including your identification badge and any and all keys, passwords, external
hard drives, phones, software, spreadsheets and any other property and/or information that you may have received, created, or accessed
as an employee of the Company, including but not limited to any documents or data stored on any Company device or on any personal
device, but excluding your laptop, which will become your property as of the Separation Date. You agree not to retain, and represent
that you have returned, any copies of any property, documents, spreadsheets or information, including but not limited to paper
documents or items stored in any electronic format, which was made or compiled by you, or made available to you, relating to the
Company, its clients or any of them. Notwithstanding the foregoing, you may access and temporarily retain any paper or electronic
documents solely for the purposes of providing consulting services to the Company pursuant to the Consulting Agreement, provided
that you return such documents to the Company promptly following the termination or expiration of the Consulting Agreement.

 

8.       Nonadmission.
This Agreement shall not be construed in any way to be an admission by the Company, and the Company specifically denies, that it
has engaged in any wrongful or unlawful act with respect to you, your employment or the termination of your employment.

 

9.       Breach.
You agree that if you breach or threaten to breach the provisions of sections 4, 5, or 7 of this Agreement, the Company will suffer
irreparable harm for which money damages may not be adequate. Therefore, you agree that the Company shall be entitled to equitable
relief, including a preliminary and permanent injunction, without the need to post a bond of greater than $100 or to provide any
other security, to stop or prevent the harm to the Company, and to payment by you of all costs and attorneys’ fees incurred
by the Company in enforcing the provisions of this Agreement. The Company will also be entitled to all other remedies available
to it by law.

 

    	1800 NEWPORT CIRCLE, SANTA ANA, CA 92705 l 888.920.5874 l WWW.KUSHBOTTLES.COM

    	 	 

    

 

 

10.       Miscellaneous.
This Agreement constitutes the entire agreement between you and the Company and supersedes all other agreements, whether written
or oral, with respect to your employment, its termination and all related matters, except as provided in section 6 of the Agreement.
This Agreement may only be modified or amended by a written document signed by both parties. If any part, term or provision of
this Agreement is determined to be illegal, invalid or unenforceable, that term or provision will be stricken and the remaining
parts, terms or provisions will remain in full force and effect. This Agreement will be governed by the laws of the State of California
without regard to conflict of law principles. This Agreement shall be binding upon and inure to the benefit of the Company and
its respective successors and assigns. This Agreement may be executed in duplicate counterparts, each of which shall be treated
as an original, and signatures submitted in electronic format shall be considered originals.

 

11.       Representations.
You represent and agree that: (a) you have carefully read and understand this Agreement and, in particular, the General Release,
Waiver and Covenant Not to Sue contained in paragraph 4 above, and fully understand the final and binding effect of same; (b) you
were advised to consult legal counsel before signing this Agreement and have had the opportunity to do so; (c) you are not entitled
to the consideration set forth in this Agreement, but for your signing this Agreement; (d) you are signing this Agreement knowingly
and voluntarily and for reasons of your own; and (e) the Company has not made any representations inconsistent with the terms of
this Agreement.

 

[Remainder of page left blank intentionally]

 

    	1800 NEWPORT CIRCLE, SANTA ANA, CA 92705 l 888.920.5874 l WWW.KUSHBOTTLES.COM

    	 	 

    

 

 

Please indicate your agreement to the terms
of this Agreement by signing and returning to Jim McCormick a copy of this letter no later than 5:00PM on January 12, 2018.

 

 

	Kush
    Bottles, Inc.		Ben Wu	 
	 	 	 	 	 
	/s/
    Jim McCormick	 	/s/
    Ben Wu	 
	By: 	Jim McCormick		Date:
    1/12/18	 
	Its:
    	Chief
    Financial Officer	 	 	 
	 	 	 	 	 
	January
    12, 2018	 	 	 

 

 

    	1800 NEWPORT CIRCLE, SANTA ANA, CA 92705 l 888.920.5874 l WWW.KUSHBOTTLES.COM

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