Document:

EX-10.1

 Exhibit 10.1 

FIFTH AMENDMENT TO CREDIT AGREEMENT 

THIS FIFTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is made as of September [16], 2019, by and among ULTRA RESOURCES,
INC., a Delaware corporation (the “Borrower”), BANK OF MONTREAL, as administrative agent for the Lenders (in such capacity, together with its successors and assigns in such capacity, the “Administrative Agent”), and
each of the Lenders party hereto. 
 W I T N E S S E T H: 

WHEREAS, the Borrower, the Administrative Agent and the Lenders entered into that certain Credit Agreement, dated as of April 12, 2017,
among Ultra Petroleum Corp., a Yukon corporation, UP Energy Corporation, a Delaware corporation, the Borrower, the Administrative Agent, the Lenders and other parties from time to time party thereto (as amended by that certain First Amendment to
Credit Agreement, dated as of June 6, 2017, that certain Second Amendment to Credit Agreement, dated as of April 19, 2018, that certain Third Amendment to Credit Agreement, dated as of December 21, 2018, that certain Fourth Amendment
to Credit Agreement dated as of February 14, 2019 and as further amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), for the purpose and consideration therein expressed,
whereby the Lenders became obligated to make loans to the Borrower as therein provided; 
 WHEREAS, the Borrower has requested, and the
Administrative Agent and the Lenders constituting the Majority Lenders have agreed, as set forth herein, to amend certain provisions of the Credit Agreement; 

WHEREAS, the Administrative Agent and the Lenders constituting the Decrease and Maintenance Lenders have agreed, as set forth herein, to
decrease the Borrowing Base; 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein and in the Credit
Agreement, in consideration of the loans which may hereafter be made by Lenders to the Borrower, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby agree as
follows: 
 ARTICLE I. 

DEFINITIONS AND REFERENCES 

Section 1.1. Defined Terms . Unless the context otherwise requires or unless otherwise expressly defined herein, the terms defined
in the Credit Agreement shall have the same meanings whenever used in this Amendment. Unless otherwise specified, all section references in this Amendment refer to sections of the Credit Agreement. 

 ARTICLE II. 

AMENDMENTS TO CREDIT AGREEMENT 

Section 2.1. Amendments to Credit Agreement. The Credit Agreement is hereby amended by deleting the stricken text (indicated
textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example:
double-underlined text) as set forth in the pages of the Credit Agreement attached as Exhibit A hereto. 

Section 2.2. Reduction in Total Commitment. Pursuant to Section 2.06(b), the Borrower has notified the Lenders of its desire
to reduce the Total Commitment as of the Fifth Amendment Effective Date (as defined below) with each Lender having a Commitment set forth opposite the name of such Lender on Annex I attached hereto. For the convenience of the parties, as of
such date, Annex I to the Credit Agreement is hereby amended and restated in its entirety as set forth on Annex I attached hereto. 

Section 2.3. Amendment to Exhibit D. Exhibit D to the Credit Agreement is hereby amended by amending and restating clause
(b) thereof in its entirety to read as follows: “(b) Attached hereto are detailed computations showing that the Borrower [is][is not] in compliance with Section 9.15 of the Credit Agreement as of the end of the fiscal quarter ending
[            ].” 
 Section 2.4. Amendment to Schedule 1.02
(LC Sublimit). Schedule 1.02 to the Credit Agreement is hereby amended and restated in its entirety as set forth on Schedule 1.02 attached hereto. 

ARTICLE III. 
 BORROWING BASE

 Section 3.1. Reduction of Borrowing Base. Pursuant to Section 2.07, the Administrative Agent and the Lenders
constituting the Decrease and Maintenance Lenders hereby agree that, for the period from and including the Fifth Amendment Effective Date (as defined below) until the next Redetermination Date, the Borrowing Base shall be, and hereby is, reduced to
$1,175,000,000. The parties hereto agree that this reduction of the Borrowing Base constitutes the Scheduled Redetermination for October 1, 2019 and such redetermination shall be deemed to have taken place in accordance with the procedures set
forth in the Credit Agreement. This Amendment (a) does not limit redeterminations or further adjustments to the Borrowing Base pursuant to the Credit Agreement and (b) shall constitute the New Borrowing Base Notice in respect of such
Scheduled Redetermination in accordance with Section 2.07(d). As of the Fifth Amendment Effective Date, the Total Commitment under the Credit Agreement is $200,000,000. 

 ARTICLE IV. 

CONDITIONS OF EFFECTIVENESS 

Section 4.1. Effective Date . This Amendment shall become effective on the first date on which each of the conditions set forth in
this Section 4.1 is satisfied (such date, the “Fifth Amendment Effective Date”): 
 (a) the Administrative
Agent shall have received counterparts of this Amendment duly executed and delivered by the Borrower and (i) with respect to Section 2.1 and Section 2.4 of this Amendment, the Issuing Bank and the Lenders constituting
the Majority Lenders, (ii) with respect to Section 2.3 of this Amendment, the Lenders constituting the Majority Lenders and (iii) with respect to Section 3.1 of this Amendment, the Lenders constituting the Decrease
and Maintenance Lenders, in form, substance and date satisfactory to the Administrative Agent; 
 (b) after giving effect to this Amendment,
no Default or Event of Default shall exist under the Credit Agreement or under any other Loan Document; 
 (c) each representation and
warranty of the Borrower and the Guarantors set forth in the Credit Agreement and in the other Loan Documents shall be true and correct in all material respects on and as of the Fifth Amendment Effective Date, except (i) to the extent any such
representation and warranty is expressly limited to an earlier date, in which case, on and as of the Fifth Amendment Effective Date, such representation and warranty shall continue to be true and correct in all material respects as of such specified
earlier date, and (ii) to the extent that any such representation and warranty is expressly qualified by materiality or by reference to Material Adverse Effect, such representation and warranty (as so qualified) shall be true and correct in all
respects on and as of the Fifth Amendment Effective Date (or, to the extent any such representation and warranty is expressly limited to an earlier date, such representation and warranty (as so qualified) shall continue to be true and correct in all
respects as of such specified earlier date); and 
 (d) the Borrower shall have paid, (i) an amendment fee payable to the Administrative
Agent for the account of each undersigned Lender who has executed and delivered its signature page on or before 2:00 p.m., Houston time, on September 16, 2019 in an amount equal to 25.0 basis points on each such Lender’s Commitment in
effect on the Fifth Amendment Effective Date (after giving effect to this Amendment) and (ii) to the extent invoiced one (1) Business Day prior to the Fifth Amendment Effective Date, all fees and other amounts due and payable on or prior
to the Fifth Amendment Effective Date, including reasonable and documented fees and expenses of Simpson Thacher & Bartlett LLP and all reasonable out-of-pocket expenses required to be reimbursed or paid by the Borrower under the Credit
Agreement. 
 ARTICLE V. 

MISCELLANEOUS 

Section 5.1. Ratification of Agreements . The Loan Documents, as they may be affected by this Amendment, are hereby ratified and
confirmed in all respects. The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of the Lenders under the Credit Agreement, the Notes, or any
other 

 
Loan Document nor constitute a waiver, amendment or other modification of any provision of the Credit Agreement, the Notes or any other Loan Document. The terms of this Amendment do not and shall
not constitute a novation and, except as expressly amended hereby, each of the provisions of the Credit Agreement and the other Loan Documents shall remain in full force and effect. 

Section 5.2. Loan Documents . This Amendment is a Loan Document, and all provisions in the Credit Agreement (as they may be
affected by this Amendment) pertaining to Loan Documents apply thereto. 
 Section 5.3. Governing Law . This Amendment shall be
governed by, and construed in accordance with, the laws of the State of New York. 
 Section 5.4. Counterparts; Fax . This
Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed
counterpart of a signature page of this Amendment by facsimile or in electronic (i.e., “pdf” or “tif”) format shall be effective as delivery of a manually executed counterpart of this Amendment. 

THIS AMENDMENT REPRESENTS THE FINAL AGREEMENT AMONG THE PARTIES HERETO AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS,
OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN OR AMONG THE PARTIES HERETO. 

[The remainder of this page has been intentionally left blank.] 

 IN WITNESS WHEREOF, this Amendment is executed as of the date first above written. 

 

			
	BANK OF MONTREAL, as Administrative Agent
		
	By:	 	/s/ James V. Ducote
		 	Name: James V. Ducote
		 	Title: Managing Director

 [Ultra Resources - Signature Page to Fifth Amendment to Credit Agreement] 

 
			
	BMO HARRIS BANK N.A., as a Lender and as Issuing Bank
		
	By:	 	/s/ James V. Ducote
		 	Name: James V. Ducote
		 	Title: Managing Director

 [Ultra Resources - Signature Page to Fifth Amendment to Credit Agreement] 

 
			
	GOLDMAN SACHS BANK USA, as a Lender
		
	By:	 	/s/ Jamie Minieri
		 	Name: Jamie Minieri
		 	Title: Authorized Signatory

 [Ultra Resources - Signature Page to Fifth Amendment to Credit Agreement] 

 
			
	BARCLAYS BANK PLC, as a Lender
		
	By:	 	/s/ Sydney G. Dennis
		 	Name: Sydney G. Dennis
		 	Title: Director

 [Ultra Resources - Signature Page to Fifth Amendment to Credit Agreement] 

 
			
	HANCOCK WHITNEY BANK, as a Lender
		
	By:	 	/s/ Parker U. Mears
		 	Name: Parker U. Mears
		 	Title: Senior Vice President

 [Ultra Resources - Signature Page to Fifth Amendment to Credit Agreement] 

 
			
	 CAPITAL ONE, NATIONAL ASSOCIATION,

as a Lender

		
	By:	 	/s/ Christopher Kuna
		 	Name: Christopher Kuna
		 	Title: Director

 [Ultra Resources - Signature Page to Fifth Amendment to Credit Agreement] 

 
			
	FIFTH THIRD BANK, as a Lender
		
	By:	 	/s/ Jonathan H. Lee
		 	Name: Jonathan H. Lee
		 	Title: Director

 [Ultra Resources - Signature Page to Fifth Amendment to Credit Agreement] 

 
			
	CIT BANK, N.A., as a Lender
		
	By:	 	/s/ John Feeley
		 	Name: John Feeley
		 	Title: Director

 [Ultra Resources - Signature Page to Fifth Amendment to Credit Agreement] 

			
	Agreed and acknowledged:
	
	ULTRA RESOURCES, INC., as Borrower
		
	By:	 	/s/ David. W. Honeyfield
		 	Name: David W. Honeyfield
		 	Title: Senior Vice President and Chief Financial Officer

 [Ultra Resources - Signature Page to Fifth Amendment to Credit Agreement] 

 EXHIBIT A 

Amended and Restated Credit Agreement 

[See Attached] 

 Posting
Version 
  
  

 
 CREDIT AGREEMENT 

dated as of April 12, 2017, 

among 
 ULTRA PETROLEUM
CORP. 
 and 
 UP
ENERGY CORPORATION, 
 as Parent Guarantor 

ULTRA RESOURCES, INC., 

as Borrower, 
 BANK OF
MONTREAL, 
 as Administrative Agent, 

and 
 The Lenders and
Other Parties Party Hereto 
  
  

BARCLAYS BANK PLC, 
 as
Syndication Agent 
 GOLDMAN SACHS BANK USA, 

as Documentation Agent 

and 
 BMO CAPITAL
MARKETS CORP., 
 BARCLAYS BANK PLC and GOLDMAN SACHS BANK USA 

as Joint Lead Arrangers and Joint Bookrunners 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE I	  

	DEFINITIONS AND ACCOUNTING MATTERS	  

			
	 Section 1.01
	 	Terms Defined Above	  	 	1	 
	 Section 1.02
	 	Certain Defined Terms	  	 	1	 
	 Section 1.03
	 	Types of Loans and Borrowings	  	 	3537	 
	 Section 1.04
	 	Terms Generally; Rules of Construction	  	 	3537	 
	 Section 1.05
	 	Accounting Terms and Determinations; GAAP	  	 	3537	 
	
	ARTICLE II	  

	THE CREDITS	  

			
	 Section 2.01
	 	Commitments	  	 	3638	 
	 Section 2.02
	 	Loans and Borrowings	  	 	3638	 
	 Section 2.03
	 	Requests for Borrowings	  	 	3739	 
	 Section 2.04
	 	Interest Elections	  	 	3840	 
	 Section 2.05
	 	Funding of Borrowings	  	 	3941	 
	 Section 2.06
	 	Increase, Reduction and Termination of Total Commitment	  	 	3941	 
	 Section 2.07
	 	Borrowing Base	  	 	4245	 
	 Section 2.08
	 	Letters of Credit	  	 	4447	 
	
	ARTICLE III	  

	PAYMENTS OF PRINCIPAL AND INTEREST; PREPAYMENTS; FEES	  

			
	 Section 3.01
	 	Repayment of Loans	  	 	4952	 
	 Section 3.02
	 	Interest	  	 	4952	 
	 Section 3.03
	 	Alternate Rate of Interest	  	 	5053	 
	 Section 3.04
	 	Prepayments	  	 	5053	 
	 Section 3.05
	 	Fees	  	 	5255	 
	
	ARTICLE IV	  

	PAYMENTS; PRO RATA TREATMENT; SHARING OF SET-OFFS	  

			
	 Section 4.01
	 	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	  	 	5355	 
	 Section 4.02
	 	Presumption of Payment by the Borrower	  	 	5456	 
	 Section 4.03
	 	Deductions by the Administrative Agent	  	 	5457	 
	 Section 4.04
	 	Collection of Proceeds of Production	  	 	5557	 
	 Section 4.05
	 	Defaulting Lenders	  	 	5558	 
	
	ARTICLE V	  

	INCREASED COSTS; BREAK FUNDING PAYMENTS; TAXES; ILLEGALITY	  

			
	 Section 5.01
	 	Increased Costs	  	 	5760	 
	 Section 5.02
	 	Break Funding Payments	  	 	5861	 
	 Section 5.03
	 	Taxes	  	 	5961	 
	 Section 5.04
	 	Mitigation Obligations; Designation of Different Lending Office	  	 	6265	 
	 Section 5.05
	 	Replacement of Lenders	  	 	6265	 
	 Section 5.06
	 	Illegality	  	 	6365	 
	
	ARTICLE VI	  

	CONDITIONS PRECEDENT	  

			
	 Section 6.01
	 	Effective Date	  	 	6366	 
	 Section 6.02
	 	Each Credit Event	  	 	6568	 

  
 i 

							
	 Section 6.03
	 	Additional Conditions to Letters of Credit	  	 	6669	 
		
	ARTICLE VII	  			
	REPRESENTATIONS AND WARRANTIES	  			
			
	 Section 7.01
	 	Organization; Powers	  	 	6669	 
	 Section 7.02
	 	Authority; Enforceability	  	 	6669	 
	 Section 7.03
	 	Approvals; No Conflicts	  	 	6770	 
	 Section 7.04
	 	Financial Condition; No Material Adverse Change	  	 	6770	 
	 Section 7.05
	 	Litigation	  	 	6771	 
	 Section 7.06
	 	Environmental Matters	  	 	6871	 
	 Section 7.07
	 	Compliance with the Laws and Agreements; No Defaults	  	 	6972	 
	 Section 7.08
	 	Investment Company Act	  	 	6972	 
	 Section 7.09
	 	Taxes	  	 	6972	 
	 Section 7.10
	 	ERISA	  	 	6973	 
	 Section 7.11
	 	Disclosure; No Material Misstatements	  	 	7073	 
	 Section 7.12
	 	Insurance	  	 	7074	 
	 Section 7.13
	 	Restriction on Liens	  	 	7174	 
	 Section 7.14
	 	Subsidiaries	  	 	7174	 
	 Section 7.15
	 	Location of Business and Offices	  	 	7174	 
	 Section 7.16
	 	Properties; Titles, Etc	  	 	7175	 
	 Section 7.17
	 	Maintenance of Properties	  	 	7275	 
	 Section 7.18
	 	Gas Imbalances, Prepayments	  	 	7275	 
	 Section 7.19
	 	Marketing of Production	  	 	7276	 
	 Section 7.20
	 	Swap Agreements and Qualified ECP Counterparty	  	 	7276	 
	 Section 7.21
	 	Use of Loans and Letters of Credit	  	 	7376	 
	 Section 7.22
	 	Solvency	  	 	7376	 
	 Section 7.23
	 	Anti-Corruption Laws and Sanctions	  	 	7377	 
	 Section 7.24
	 	EEA Financial Institutions	  	 	7377	 
	 Section 7.25
	 	Senior Debt Status	  	 	7377	 
	 Section 7.26
	 	Security Instruments	  	 	7477	 
	 Section 7.27
	 	PATRIOT Act	  	 	7477	 
		
	ARTICLE VIII	  			
	AFFIRMATIVE COVENANTS	  			
			
	 Section 8.01
	 	Financial Statements; Other Information	  	 	7477	 
	 Section 8.02
	 	Notices of Material Events	  	 	7780	 
	 Section 8.03
	 	Existence; Conduct of Business	  	 	7881	 
	 Section 8.04
	 	Payment of Obligations	  	 	7881	 
	 Section 8.05
	 	Performance of Obligations under Loan Documents	  	 	7881	 
	 Section 8.06
	 	Operation and Maintenance of Properties	  	 	7882	 
	 Section 8.07
	 	Insurance	  	 	7982	 
	 Section 8.08
	 	Books and Records; Inspection Rights	  	 	7982	 
	 Section 8.09
	 	Compliance with Laws	  	 	7983	 
	 Section 8.10
	 	Environmental Matters	  	 	7983	 
	 Section 8.11
	 	Further Assurances	  	 	8084	 
	 Section 8.12
	 	Reserve Reports	  	 	8184	 
	 Section 8.13
	 	Title Information	  	 	8185	 
	 Section 8.14
	 	Additional Collateral; Additional Guarantors	  	 	8285	 
	 Section 8.15
	 	Unrestricted Parent Entities	  	 	8386	 
	 Section 8.16
	 	Commodity Exchange Act Keepwell Provisions	  	 	8387	 
	 Section 8.17
	 	ERISA Compliance    	  	 	8387	 

  
 ii 

					
	 Section 8.18
	 	Deposit Accounts; Commodities Accounts and Securities Accounts	  	8487
	 Section 8.19
	 	Post-Effective Date Deliverables	  	8488
	
	ARTICLE IX
	NEGATIVE COVENANTS
			
	 Section 9.01
	 	Financial Covenants[Reserved].	  	8589
	 Section 9.02
	 	Debt	  	90
	 Section 9.03
	 	Liens	  	8891
	 Section 9.04
	 	Restricted Payments and Payments in Respect of Certain Debt	  	92
	 Section 9.05
	 	Investments, Loans and Advances	  	94
	 Section 9.06
	 	Nature of Business; International Operations	  	95
	 Section 9.07
	 	[Reserved]	  	95
	 Section 9.08
	 	ERISA Compliance	  	95
	 Section 9.09
	 	Sale or Discount of Notes or Receivables	  	95
	 Section 9.10
	 	Mergers, Etc	  	95
	 Section 9.11
	 	Sale of Properties and Liquidation of Swap Agreements	  	96
	 Section 9.12
	 	Transactions with Affiliates	  	97
	 Section 9.13
	 	Subsidiaries	  	9397
	 Section 9.14
	 	Negative Pledge Agreements; Subsidiary Dividend Restrictions	  	97
	 Section 9.15
	 	[Reserved]Maximum Capital Expenditures.	  	98
	 Section 9.16
	 	Non-Qualified ECP Counterparties	  	98
	 Section 9.17
	 	Modifications to Debt Documents	  	98
	 Section 9.18
	 	Swap Agreements	  	99
	 Section 9.19
	 	Excess Cash Threshold.	  	100
	
	ARTICLE X
	EVENTS OF DEFAULT; REMEDIES
			
	 Section 10.01
	 	Events of Default	  	95100
	 Section 10.02
	 	Remedies	  	102
	
	ARTICLE XI
	THE AGENTS
			
	 Section 11.01
	 	Appointment; Powers	  	103
	 Section 11.02
	 	Duties and Obligations of Administrative Agent	  	103
	 Section 11.03
	 	Action by Administrative Agent	  	104
	 Section 11.04
	 	Reliance by Administrative Agent	  	105
	 Section 11.05
	 	Sub-agents	  	105
	 Section 11.06
	 	Resignation or Removal of Administrative Agent	  	105
	 Section 11.07
	 	Agents as Lenders	  	100106
	 Section 11.08
	 	No Reliance	  	106
	 Section 11.09
	 	Administrative Agent May File Proofs of Claim	  	107
	 Section 11.10
	 	Authority of Administrative Agent to Release Collateral and Liens	  	107
	 Section 11.11
	 	The Arrangers, the Syndication Agent and the Documentation Agent	  	108
	
	ARTICLE XII
	MISCELLANEOUS
			
	 Section 12.01
	 	Notices	  	108
	 Section 12.02
	 	Waivers; Amendments	  	109
	 Section 12.03
	 	Expenses, Indemnity; Damage Waiver	  	110
	 Section 12.04
	 	Successors and Assigns; No Third Party Beneficiaries	  	112
	 Section 12.05
	 	Survival; Revival; Reinstatement	  	116

  
 iii 

							
	 Section 12.06
	 	Counterparts; Integration; Effectiveness	  	 	116	 
	 Section 12.07
	 	Severability	  	 	111117	 
	 Section 12.08
	 	Right of Setoff	  	 	111117	 
	 Section 12.09
	 	GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS	  	 	117	 
	 Section 12.10
	 	Headings	  	 	118	 
	 Section 12.11
	 	Confidentiality	  	 	118	 
	 Section 12.12
	 	Interest Rate Limitation	  	 	119	 
	 Section 12.13
	 	EXCULPATION PROVISIONS	  	 	120	 
	 Section 12.14
	 	Collateral Matters; Swap Agreements; Treasury Management Agreements	  	 	120	 
	 Section 12.15
	 	[Reserved]	  	 	120	 
	 Section 12.16
	 	[Reserved]	  	 	120	 
	 Section 12.17
	 	USA Patriot Act Notice	  	 	120	 
	 Section 12.18
	 	No Advisory or Fiduciary Responsibility	  	 	121	 
	 Section 12.19
	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	  	 	121	 

 Annexes, Exhibits and Schedules 
  

			
	 Annex I
	  	Commitments
	 Exhibit A
	  	Form of Note
	 Exhibit B
	  	Form of Borrowing Request
	 Exhibit C
	  	Form of Interest Election Request
	 Exhibit D
	  	Form of Compliance Certificate
	 Exhibit E
	  	Security Instruments as of the Effective Date
	 Exhibit F
	  	Form of Assignment and Assumption
	 Exhibit G-1
	  	Form of U.S. Tax Compliance Certificate (Foreign Lenders; not partnerships)
	 Exhibit G-2
	  	Form of U.S. Tax Compliance Certificate (Foreign Participants; not partnerships)
	 Exhibit G-3
	  	Form of U.S. Tax Compliance Certificate (Foreign Participants; partnerships)
	 Exhibit G-4
	  	Form of U.S. Tax Compliance Certificate (Foreign Lenders; partnerships)
	 Exhibit H
	  	Form of Commitment Increase Certificate
	 Exhibit I
	  	Form of Additional Lender Certificate
	 Exhibit J
	  	Form of Second Lien Intercreditor Agreement
	 Exhibit I
	  	Form of Additional Lender Certificate
	 Exhibit J
	  	Form of Second Lien Intercreditor Agreement
	 Exhibit K
	  	Form of Third Lien Intercreditor Agreement
	 Exhibit L
	  	Form of Second Lien Indenture
	 Schedule 1.02
	  	LC Issuance Limit
	 Schedule 7.04(c)
	  	Financial Condition; No Material Adverse Change
	 Schedule 7.05
	  	Litigation
	 Schedule 7.06
	  	Environmental Matters
	 Schedule 7.14
	  	Subsidiaries
	 Schedule 7.18
	  	Gas Imbalances; Take or Pay; Other Prepayments
	 Schedule 7.19
	  	Marketing Agreements
	 Schedule 7.20
	  	Swap Agreements
	 Schedule 9.02
	  	Debt
	 Schedule 9.05
	  	Investments
	 Schedule 12.01
	  	Notices

  
 iv 

 THIS CREDIT AGREEMENT dated as of April 12, 2017, is among ULTRA RESOURCES,
INC., a Delaware corporation (the “Borrower”); ULTRA PETROLEUM CORP., a corporation organized under the laws of the Yukon Territory of Canada (“Ultra Petroleum”); UP ENERGY CORPORATION, a Delaware corporation
(“UP Energy” and, together with Ultra Petroleum, collectively the “Parent Guarantor”); each of the Lenders from time to time party hereto; and BANK OF MONTREAL, as administrative agent for the Lenders (in such
capacity, together with its successors in such capacity, the “Administrative Agent”). 
 RECITALS 

A. On April 29, 2016, Parent Guarantor and the Borrower and certain of their respective Subsidiaries filed voluntary petitions with the
United States Bankruptcy Court for the Southern District of Texas, Houston Division, initiating cases under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”), consolidated administratively under Case
No. 16-32202 (the “Chapter 11 Cases”); 
 B. The Debtors filed the Plan of Reorganization (as defined herein) with the
Bankruptcy Court on March 14, 2017 (the “Plan of Reorganization”) and on March 14, 2017 the Bankruptcy Court entered the Confirmation Order confirming the Plan of Reorganization, which Confirmation Order inter alia
authorized and approved the Debtor’s entry into and performance under this Agreement; 
 C. The Borrower has requested that the
Lenders provide certain revolving loans to and extensions of credit on behalf of the Borrower and that the Issuing Bank provide Letters of Credit; and 

D. The Lenders have indicated their willingness to lend and to participate in Letters of Credit and the Issuing Bank has indicated its
willingness to issue Letters of Credit, in each case subject to the terms and conditions of this Agreement; 
 E. NOW, THEREFORE, in
consideration of the foregoing recitals, of the representations, warranties, covenants and agreements contained herein, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as
follows: 
 ARTICLE I 

DEFINITIONS AND ACCOUNTING MATTERS 

Section 1.01 Terms Defined Above. As used in this Agreement, each term defined above has the meaning indicated above. 

Section 1.02 Certain Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 

“2022 Notes” means the senior notes due 2022 issued by the Borrower on the Effective Date and outstanding on the Initial
Exchange Date in an aggregate principal amount equal to $195,035,000, after giving effect to the Permitted Notes Exchange on the Initial Exchange Date. 

“ABR”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing,
are bearing interest at a rate determined by reference to the Alternate Base Rate. 
 “Account Control Agreement “ means a
control agreement, in form and substance reasonably satisfactory to the Collateral Agent, which grants the Collateral Agent “control” as defined in the Uniform Commercial Code in effect in the applicable jurisdiction over any Deposit
Account, Securities Account or Commodities Account maintained by any Credit Party, in each case, among the Collateral 
 Agent, the applicable Credit Party
and the applicable financial institution at which such Deposit Account, Securities Account or Commodities Account is maintained. 

 “ACNTA” means (without duplication), as of the date of determination, the
remainder of: 
 (a) the sum of: 

(i) discounted future net revenues from proved oil and gas reserves of the Parent Guarantor, the Borrower and any Restricted Subsidiaries
calculated in accordance with SEC guidelines (but utilizing prices and costs calculated in accordance with SEC guidelines as if the end of the most recent fiscal quarter preceding the date of determination for which such information is available to
the Borrower were year-end and giving effect to applicable Commodity Agreements in place as of the date of determination (whether positive or negative)) before any state or federal income taxes, as estimated in a reserve report prepared as of the
end of the Borrower’s most recently completed fiscal year for which audited financial statements are available, as increased by, as of the date of determination, the estimated discounted future net revenues from 

(A) estimated proved oil and gas reserves acquired since such year end, which reserves were not reflected in such year-end reserve report, and

 (B) estimated proved oil and gas reserves attributable to extensions, discoveries and other additions and upward revisions of estimates
of proved oil and gas reserves since such year-end due to exploration, development or exploitation, production or other activities, which would, in accordance with standard industry practice, cause such revisions (including the impact to proved oil
and gas reserves and future net revenues from estimated development costs incurred and the accretion of discount since such year-end), and decreased by, as of the date of determination, the estimated discounted future net revenues from 

(C) estimated proved oil and gas reserves produced or disposed of since such year end to the extent such estimated discounted future net
revenues were included in such year-end reserve report or such estimated reserves under clauses (A) or (B) above, and 
 (D)
estimated proved oil and gas reserves attributable to downward revisions of estimates of proved oil and gas reserves since such year-end due to changes in geological conditions or other factors which would, in accordance with standard industry
practice, cause such revisions, 
 in the case of clauses (A) through (D) calculated on a pre-tax basis substantially in accordance with SEC
guidelines (but utilizing prices and costs calculated in accordance with SEC guidelines as if the end of the most recent fiscal quarter preceding the date of determination for which such information is available were year-end and giving effect to
applicable Commodity Agreements in place as of the date of determination (whether positive or negative)); provided, however, that in the case of each of the determinations made pursuant to clauses (A) through (D), such increases
and decreases shall be as estimated by the Borrower’s petroleum engineers; 
 (ii) the capitalized costs that are attributable to oil
and gas properties of the Parent Guarantor and its Restricted Subsidiaries to which no proved oil and gas reserves are attributable, based on the Parent Guarantor’s books and records as of a date no earlier than the date of the Parent
Guarantor’s latest available annual or quarterly financial statements; 

  
 2 

 (iii) the Net Working Capital of the Parent Guarantor, the Borrower and any Restricted
Subsidiaries on a date no earlier than the date of the Borrower’s latest annual or quarterly financial statements; and 
 (iv) the
greater of 
 (A) the net book value of other tangible assets of the Parent Guarantor, the Borrower and any Restricted Subsidiaries, as of a
date no earlier than the date of the Borrower’s latest annual or quarterly financial statements, and 
 (B) the appraised value, as
estimated by independent appraisers, of other tangible assets of the Parent Guarantor, the Borrower and any Restricted Subsidiaries, as of a date no earlier than the date of the Borrower’s latest audited financial statements; provided,
that, if no such appraisal has been performed, the Borrower shall not be required to obtain such an appraisal and only clause (iv)(A) of this definition shall apply; 

minus 
 (b) the sum of:

 (i) minority interests; 

(ii) any net gas balancing liabilities of the Parent Guarantor, the Borrower and any Restricted Subsidiaries reflected in the Borrower’s
latest annual or quarterly balance sheet (to the extent not deducted in calculating Net Working Capital of the Borrower in accordance with clause (a)(iii) above of this definition); 

(iii) to the extent included in (a)(i) above, the discounted future net revenues, calculated in accordance with SEC guidelines (but
(x) utilizing prices and costs calculated in accordance with SEC guidelines as if the end of the most recent fiscal quarter preceding the date of determination for which such information is available to the Borrower were year-end), attributable
to reserves which are required to be delivered to third parties to fully satisfy the obligations of the Parent Guarantor, the Borrower and any Restricted Subsidiaries with respect to Volumetric Production Payments (determined, if applicable, using
the schedules specified with respect thereto); and 
 (iv) the discounted future net revenues, calculated in accordance with SEC guidelines,
attributable to reserves subject to Dollar-Denominated Production Payments which, based on the estimates of production and price assumptions included in determining the discounted future net revenues specified in (a)(i) above, would be necessary to
fully satisfy the payment obligations of the Parent Guarantor, the Borrower and any Restricted Subsidiaries with respect to Dollar-Denominated Production Payments (determined, if applicable, using the schedules specified with respect thereto). 

If the Borrower changes its method of accounting from the full cost method of accounting to the successful efforts or a similar method, ACNTA
will continue to be calculated as if the Borrower were still using the full cost method of accounting. 
 “Act” has the
meaning assigned to such term in Section 12.17. 
 “Additional Interim Redetermination Event” means
(a) any Transfer of any Borrowing Base Property by the Borrower or any other Credit Party to any Person other than the Borrower or another Credit Party or (b) any Liquidation of any commodity Swap Agreement by the Borrower or any other
Credit Party if, upon (and after giving effect to) any such event, the sum of (i) the PV-9 of all Borrowing 

  
 3 

 
Base Properties Transferred by the Borrower or any other Credit Party to any Person other than the Borrower or another Credit Party since the most recent redetermination of the Borrowing Base
plus (ii) the Swap PV of all commodity Swap Agreements Liquidated since the most recent redetermination of the Borrowing Base exceeds 5% of the then effective Borrowing Base. 

“Additional Lender” has the meaning given to such term in Section 2.06(c)(i). 

“Additional Lender Certificate” has the meaning given to such term in Section 2.06(c)(ii)(J). 

“Additional Oil and Gas Assets” means (a) Oil and Gas Properties, (b) gathering systems and other improvements,
infrastructure, equipment and fixtures used in connection with the exploration, exploitation, development, or operation of Oil and Gas Properties or the production, treatment, handling, gathering, transportation, processing, and disposition of
hydrocarbons and associated products, (c) Investments in joint ventures that own any assets described in clauses (a) or (b) to the extent permitted by Section 9.05(c), and (d) Equity Interests acquired from third
parties in Persons that own any assets described in clauses (a) or (b) and that are Guarantors or become Guarantors as provided in Section 8.14 promptly following such acquisition. 

“Adjusted LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per
annum equal to the LIBO Rate for such Interest Period multiplied by the Statutory Reserve Rate. 
 “Administrative
Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent. 
 “Affected
Loans” has the meaning assigned to such term in Section 5.06. 
 “Affiliate” means, with respect to a
specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. The term “Affiliated” has a correlative meaning thereto.

 “Agents” means, collectively, the Administrative Agent, the Collateral Agent and, as the context requires, any
syndication agents or documentation agents hereunder that may from time to time be designated by the Administrative Agent and the Borrower. 

“Agreement” means this Credit Agreement, as the same may from time to time be amended, modified, supplemented or restated.

 “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in
effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 1⁄2 of 1% and (c) the Adjusted LIBO Rate for a one month Interest
Period beginning on such day (or if such day is not a Business Day, the immediately preceding Business Day) plus 1.00%, provided that, for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the rate appearing
on the Reuters Screen LIBOR01 Page (or on any successor or substitute page of such service, or any successor to or substitute for such service, providing rate quotations comparable to those currently provided on such page of such service, as
determined by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market), at which dollar deposits of $5,000,000 with a one month maturity are
offered at approximately 11:00 a.m., London time, on such day (or the immediately preceding Business Days if such day is not a Business Day). Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate
or the Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted LIBO Rate, respectively. 

  
 4 

 “Anti-Corruption Laws” means all state or federal laws, rules, and
regulations applicable to the Borrower or any of its Affiliates from time to time concerning or relating to money-laundering, bribery or corruption, including the FCPA. 

“Applicable Margin” means, for any day, with respect to any ABR Loan or Eurodollar Loan, or with respect to the Commitment
Fee Rate, as the case may be: 
 (a) during a Borrowing Base Period, the rate per annum set forth in the Borrowing Base Utilization
Grid below based upon the Borrowing Base Utilization Percentage then in effect: 
  

																					
	 Borrowing Base Utilization
Grid
	 
	 Borrowing Base Utilization Percentage
	  	 	<25	% 	 	 
 
	325
 <50
	% 
 % 
	 	 
 
	350
 <75
	% 
 % 
	 	 
 
	375
 <90
	% 
 % 
	 	 	390	% 
	 Eurodollar Loans
	  	 	2.50	% 	 	 	2.75	% 	 	 	3.00	% 	 	 	3.25	% 	 	 	3.50	% 
	 ABR Loans
	  	 	1.50	% 	 	 	1.75	% 	 	 	2.00	% 	 	 	2.25	% 	 	 	2.50	% 
	 Commitment Fee Rate
	  	 	0.50	% 	 	 	0.50	% 	 	 	0.50	% 	 	 	0.50	% 	 	 	0.50	% 

 ; subject to the last paragraph of this definition, each change in the Applicable Margin shall apply during
the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change, provided, however, that if the Borrower fails to timely deliver a Reserve Report
pursuant to Section 8.12(a), then if such default remains uncured for 30 days, the “Applicable Margin” means, for any day thereafter that such default remains uncured, the rate per annum set forth on the grid when the
Borrowing Base Utilization Percentage is at its highest level; and 
 (b) during an Investment Grade Period, the rate per annum set
forth in the grid below based upon (i) the higher of the Credit Ratings assigned to the Borrower by Moody’s or S&P in effect on such day if the lower rating is no lower than the immediately next lower rating and (ii) the higher Credit
Rating in between the higher rating and the lower rating otherwise: 
  

													
	 Credit Rating
	  	Commitment Fee Rate	 	 	ABR Loans	 	 	Eurodollar Loans	 
	 3BBB+/Baal
	  	 	0.15	% 	 	 	1.125	% 	 	 	2.125	% 
	 BBB/Baa2
	  	 	0.20	% 	 	 	1.250	% 	 	 	2.250	% 
	 BBB-/Baa3
	  	 	0.25	% 	 	 	1.500	% 	 	 	2.500	% 
	 < BB+/Bal
	  	 	0.30	% 	 	 	1.750	% 	 	 	2.750	% 

 Notwithstanding the foregoing, if the Consolidated Net Leverage Ratio exceeds 4.0 to 1.0 as of the last day of
any fiscal quarter (the date on which a compliance certificate for such fiscal quarter is required to be delivered pursuant to Section 8.01(c), the “Pricing Step-Up Date”), then the “Applicable Margin” shall
mean, with respect to any Eurodollar Loan or ABR Loan, for any day during the period beginning on such Pricing Step-Up Date and ending on the date on which a compliance certificate is delivered pursuant to Section 8.01(c) for the first
fiscal quarter occurring after such Pricing Step-Up Date for which the Consolidated Net Leverage Ratio as of the last day of such fiscal quarter is less than or equal to 4.0 to 1.0, the Applicable Margin that would otherwise be in effect with
respect to such Eurodollar Loan or ABR Loan, as applicable, plus 0.25% per annum. 

  
 5 

 “Applicable Percentage” means, with respect to any Lender, the percentage
obtained by dividing (a) such Lender’s Commitment at such time by (b) the amount of the Total Commitment at such time; provided that at any time when the Total Commitment shall have been terminated, each Lender’s
Applicable Percentage shall be the percentage obtained by dividing (i) such Lender’s Revolving Credit Exposure at such time by (ii) the aggregate total Revolving Credit Exposures of all Lenders at such time. 

“Approved Counterparty” means any Lender or any Affiliate of a Lender and any other Person if such Person or its credit
support provider has a long term senior unsecured debt rating of BBB+ (or its equivalent) or higher by S&P and Baa1 (or its equivalent) or higher by Moody’s. 

“Approved Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in
bank loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by a Lender, an Affiliate of a Lender or an entity or an Affiliate of an entity that administers or manages a Lender. 

“Approved Petroleum Engineers” means Cawley, Gillespie & Associates, Inc., W.D. Von Gonten & Co., Netherland,
Sewell & Associates, Inc., Ryder Scott Company Petroleum Consultants, L.P., Wright & Company, Inc. or any other independent petroleum engineers selected by Borrower and acceptable to the Administrative Agent. 

“Arranger” means, collectively, BMO Capital Markets Corp., Barclays Bank PLC and Goldman Sachs Bank USA in their capacities
as joint lead arrangers and joint bookrunners hereunder. 
 “ASC” means the Financial Accounting Standards Board Accounting
Standards Codification, as in effect from time to time. 
 “Asset Coverage Ratio” means, as of any
date, the ratio of (i) the PV-9 of the Credit Parties’ Oil and Gas Properties reflected in the most recently delivered Reserve Report to (ii) Consolidated Net Debt as of such date;provided that for purposes of
calculating the Asset Coverage Ratio, the PV-9 attributable to non-producing Proved Reserves shall not exceed 35% of the aggregate PV-9. 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the consent of
any party whose consent is required by Section 12.04(b)), and accepted by the Administrative Agent, in the form of Exhibit F or any other form approved by the Administrative Agent. 

“Availability” means, as of any date, the remainder of (a) the Loan Limit, minus (b) the total Revolving
Credit Exposures of all Lenders. 
 “Availability Period” means the period from and including the Effective Date to but
excluding the Termination Date. 
 “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the
applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution. 
 “Bail-In Legislation”
means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described
in the EU Bail-In Legislation Schedule. 
 “Bank Price Deck” means the Administrative Agent’s most recent internal
price deck on a forward curve basis for each of oil, natural gas and other Hydrocarbons, as applicable, furnished to the Borrower by the Administrative Agent from time to time in accordance with the terms of this Agreement. 

  
 6 

 “Bankruptcy Code” has the meaning assigned to such term in the recitals
hereto. 
 “Bankruptcy Court” means the United States Bankruptcy Court for the Southern District of Texas, Houston Division
or any other court having jurisdiction over the Chapter 11 Cases from time to time. 
 “Board” means the Board of Governors
of the Federal Reserve System of the United States of America or any successor Governmental Authority. 
 “Borrower” has
the meaning assigned to such term in the preamble hereto. 
 “Borrowing” means Loans of the same Type, made, converted or
continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect. 
 “Borrowing
Base “ means at any time an amount equal to the amount determined in accordance with Section 2.07, as the same may be adjusted from time to time pursuant to Section 9.11. As of the Effective Date, the Borrowing Base
shall be $1,200,000,000. 
 “Borrowing Base Deficiency” occurs, if at any time Total Exposure exceeds the Borrowing Base.
The amount of any Borrowing Base Deficiency at the time in question is the amount (if any) by which the Total Exposure exceeds the Borrowing Base then in effect. 

“Borrowing Base Period” shall mean any period other than an Investment Grade Period. 

“Borrowing Base Property” means, at any time in question, any Oil and Gas Property to which Proved Reserves were attributed
in the then most recent Reserve Report. 
 “Borrowing Base Trigger Event” means, the occurrence of at least two of the
following three events: the public announcement that the Borrower’s Credit Rating is (a) Ba1 or lower from (or is unrated by) Moody’s, (b) BB+ or lower from (or is unrated by) S&P or (c) BB+ or lower from (or is unrated
by) Fitch. 
 “Borrowing Base Utilization Percentage” means, as of any day, the fraction expressed as a percentage, the
numerator of which is the Revolving Credit Exposure of the Lenders on such day, and the denominator of which is (x) the Borrowing Base in effect on such day minus (y) the Term Loan Exposure on such day. 

“Borrowing Base Value” means, with respect to any Oil and Gas Property or any Swap Agreement in respect of commodities, the
value attributed thereto by the Administrative Agent for the purpose of determining the Borrowing Base. 
 “Borrowing
Request” means a request by the Borrower for a Borrowing in accordance with Section 2.03. 
 “Business
Day” means 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; and if such day relates to a Borrowing or continuation of, a payment or prepayment
of principal of or interest on, or a conversion of or into, or the Interest Period for, a Eurodollar Loan or a notice by the Borrower with respect to any such Borrowing or continuation, payment, prepayment, conversion or Interest Period, any day
which is also a day on which banks are open for dealings in dollar deposits in the London interbank market. 

  
 7 

 “Capital Expenditures”
means, for any period, all expenditures related to Oil and Gas Properties or the purchase of property, plant or equipment of Borrower and its Consolidated Restricted Subsidiaries that are (or would be) capitalized under GAAP; provided, however, that
Capital Expenditures for the Borrower and its Consolidated Restricted Subsidiaries shall not include: 

(a) expenditures to the
extent they are made with proceeds of insurance settlements, condemnation awards and other settlements in respect of lost, destroyed, damaged or condemned assets, equipment or other property to the extent such expenditures are made to replace or
repair such lost, destroyed, damaged or condemned assets, equipment or other property or otherwise to acquire, maintain, develop, construct, improve, upgrade or repair assets or properties useful in the business of the Borrower or its Subsidiaries
within twelve (12) months of receipt of such proceeds (or, if not made within such period of twelve (12) months, are committed to be made during such period); 

(b) non-monetary items that
affect Oil and Gas Properties or property, plant or equipment; 

(c) the capitalization of
costs to the Oil and Gas Properties account related to salaries and associated benefits that are customary and allowed under the applicable accounting regulations; and 

(d) expenditures to the
extent incurred in response to an emergency or urgent situation, as determined by the Borrower in good faith, and other expenditures to the extent required under any applicable law, rule or regulation of any Governmental Authority (including
Environmental Laws). 
  

“Capital Leases” means, in respect of any Person, all leases which shall have been, or should have been, in accordance with
GAAP as in effect on the date hereof, recorded as capital leases on the balance sheet of the Person liable (whether contingent or otherwise) for the payment of rent thereunder. Notwithstanding the foregoing, (i) the LGS Lease shall not
constitute a Capital Lease and (ii) any lease (whether entered into before or after the Effective Date) that would have been classified as an operating lease in accordance with GAAP as in effect on the date hereof will be deemed not to be a
Capital Lease. 
 “Cash Collateral” has the meaning assigned such term in Section 2.08(j)(ii). 

“Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent (as a first priority, perfected
security interest), for the benefit of the Issuing Bank and the Lenders, cash or Cash Equivalents, at a location and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent. “Cash
Collateralized” and “Cash Collateralization” have correlative meanings. 
 “Cash Equivalents”
means: 
 (a) direct obligations of the United States or any agency thereof, or obligations guaranteed by the United States or any agency
thereof, in each case maturing within one year from the date of acquisition thereof. 
 (b) commercial paper maturing within one year from
the date of acquisition thereof rated in the highest grade by S&P or Moody’s. 

  
 8 

 (c) demand deposits, and time deposits maturing within one year from the date of creation
thereof, with, or issued by any Lender or any office located in the United States of any other bank or trust company which is organized under the laws of the United States or any state thereof, has capital, surplus and undivided profits aggregating
at least $100,000,000 (as of the date of such bank or trust company’s most recent financial reports) and has a short term deposit rating of at least A2 or P2, as such rating is set forth from time to time, by S&P or Moody’s,
respectively; and 
 (d) shares of any SEC registered 2a-7 money market fund that has net assets of at least $500,000,000 and the highest
rating obtainable from either Moody’s or S&P. 
 “CFTC Hedging Obligation” means any Obligation in respect of any
agreement, contract, confirmation or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act. 

“Change in Control” means 

(a) any Person, entity or “group” (within the meaning of Section 13(d) or 14(d) of the Exchange Act), other than the Permitted
Investors (or any intermediate companies owned directly or indirectly by the Permitted Investors), shall at any time have acquired direct or indirect beneficial ownership of voting power of the outstanding Equity Interests of Ultra Petroleum having
more than the greater of (i) 50% of the ordinary voting power for the election of directors of Ultra Petroleum and (ii) the percentage of the ordinary voting power for the election of directors of Ultra Petroleum owned in the aggregate,
directly or indirectly, beneficially, by the Permitted Investors; or 
 (b) at any time Continuing Directors shall not constitute at least a
majority of the directors of Ultra Petroleum; or 
 (c) a “Change in Control” (as defined in the documentation for any Material
Debt) shall have occurred and as a result thereof the maturity of such Material Debt is accelerated, the obligor on such Material Debt is obligated to offer to Redeem such Material Debt, or the obligee on such Material Debt shall otherwise have the
right to require the obligor thereon to Redeem such Material Debt; or 
 (d) Ultra Petroleum shall at any time cease to have beneficial
ownership, and the power to vote or direct the voting, of at least 100% of the outstanding Equity Interests in the Borrower. 
 As used in this definition,
“beneficial ownership” (which may be direct or indirect) has the meaning provided in Rules 13(d)-3 and 13(d)-5 under the Exchange Act. 

“Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or
taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or (c) the making or
issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and
Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith or in implementation thereof and (y) all requests, rules, guidelines or directives promulgated by the Bank for International
Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in
Law”, regardless of the date enacted, adopted or issued. 

  
 9 

 “Chapter 11 Cases” has the meaning assigned to such term in the recitals
hereto. 
 “Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor statute. 

“Collateral” means all Property which is subject to a Lien under one or more Security Instruments. 

“Collateral Account” has the meaning assigned such term in Section 2.08(j)(ii). 

“Collateral Agency Agreement” means that certain Collateral Agency Agreement dated as of the Effective Date among the
Collateral Agent, the Administrative Agent and the Term Loan Administrative Agent, as the same may be amended, restated, amended and restated, supplemented or otherwise modified or replaced from time to time. 

“Collateral Agent” means Bank of Montreal acting in its capacity as collateral agent for the Secured Parties and for the
Secured Parties (as defined in the Term Loan Agreement), and any successor collateral agent appointed hereunder pursuant to the Collateral Agency Agreement. 

“Commitment” means, (a) with respect to each Lender that is a Lender on the Effective Date, the amount set forth
opposite such Lender’s name on Annex I as such Lender’s “Commitment” and (b) in the case of any Lender that becomes a Lender after the Effective Date, the amount specified as such Lender’s “Commitment”
in the Assignment and Assumption pursuant to which such Lender assumed a portion of the Total Commitment, in each case as the same may be changed from time to time pursuant to the terms of this Agreement. The aggregate amount of the
Commitments as of the Effective Date is $400,000,000. 
 “Commitment Fee Rate” has the meaning set forth in the
definition of “Applicable Margin”. 
 “Commitment Increase Certificate” has the meaning assigned to such term in
Section 2.06(c)(ii)(F). 
 “Commodities Account” shall have the meaning set forth in Article 9 of the Uniform
Commercial Code. 
 “Commodity Agreements” means, in respect of any Person, any forward contract, commodity swap agreement,
commodity option agreement or other similar agreement or arrangement in respect of Hydrocarbons used, produced, processed or sold by such Person that are customary in the Oil and Gas Business and designed to protect such Person against fluctuation
in Hydrocarbon prices. 
 “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as
amended from time to time, and any successor statute, and the rules and regulations promulgated thereunder, and the application or official interpretation of any thereof. 

“Company Materials” has the meaning assigned such term in Section 8.01. 

“Confirmation Order” means the order of the Bankruptcy Court dated March 14, 2017 Docket No. 1324 confirming the
Plan of Reorganization, which order inter alia authorized and approved the Debtors’ entry into and performance under this Agreement. 

“Consolidated First
Lien Net Debt” means, as of any date, the positive difference (if any) between (a) the sum of (i) the principal amount of all Debt (without duplication) of the Borrower and its Consolidated Restricted Subsidiaries arising under this
Agreement and the other Loan Documents and (ii) the principal amount of all Debt (without duplication) of the Borrower and its Consolidated Restricted Subsidiaries arising under the Term
Loan Agreement and the other Term Loan Documents, in 

  
 10 

 
each case, on such date and (b) the unrestricted and unencumbered cash and Cash Equivalents of Borrower and its Consolidated
Restricted Subsidiaries on such date; provided that cash and Cash Equivalents that would appear as “restricted” on a consolidated balance sheet solely because such cash or Cash Equivalents are subject to an Account Control Agreement shall
be deemed to be unrestricted and unencumbered for purposes hereof. 

“Consolidated First Lien Net Leverage Ratio” means, as of any date of
calculation, the ratio of (a) Consolidated First Lien Net Debt as of such date to (b) EBITDAX for the most recent twelve-month period then ended for which internally prepared monthly financial statements are available. 

“Consolidated Interest Expense” means, for any period, the total consolidated interest expense of the Borrower and its
Consolidated Restricted Subsidiaries for such period in each case determined on a consolidated basis in accordance with GAAP plus (without duplication) to the extent not already included in such total consolidated interest expense: 

(a) imputed interest on Debt attributable to Capital Leases and sale and leaseback transactions of Borrower or any of its Consolidated
Restricted Subsidiaries for such period; 
 (b) commissions, discounts and other fees and charges owed by Borrower or any of its Consolidated
Restricted Subsidiaries with respect to letters of credit securing financial obligations and bankers’ acceptances for such period; 

(c) amortization of debt issuance costs, debt discount or premium and other financing fees and expenses incurred by Borrower or any of its
Consolidated Restricted Subsidiaries for such period; 
 (d) the interest portion of any deferred payment obligations of Borrower or any of
its Consolidated Restricted Subsidiaries for such period; and 
 (e) all cash interest paid in connection with Debt permitted hereunder to
the extent that such payments are not accounted for as interest expense pursuant to ASC 470-60 or another applicable codification. 

“Consolidated Net Debt” means, at any date, the positive
remainderdifference (if any) of (a) Consolidated Total Debt minus (b) the unrestricted and unencumbered cash and Cash Equivalents of the Borrower and its
Consolidated Restricted Subsidiaries on such date; provided that cash and Cash Equivalents that would appear as “restricted” on a consolidated balance sheet solely because such cash or Cash Equivalents are subject to an Account
Control Agreement shall be deemed to be unrestricted and unencumbered for purposes hereof. 
 “Consolidated Net Income”
means with respect to the Borrower and the Consolidated Restricted Subsidiaries, for any period, the net income (or loss) of the Borrower and the Consolidated Restricted Subsidiaries after allowances for taxes for such period determined on a
consolidated basis in accordance with GAAP; provided that there shall be excluded from such net income (to the extent otherwise included therein) the following: (a) the net income of any Person in which the Borrower or any Consolidated
Restricted Subsidiary has an interest (which interest does not cause the net income of such other Person to be consolidated with the net income of the Borrower and the Consolidated Restricted Subsidiaries in accordance with GAAP), except to the
extent of the amount of dividends or distributions actually paid in cash during such period by such other Person to the Borrower or to a Consolidated Restricted Subsidiary, as the case may be; (b) the net income (but not loss) during such
period of any Consolidated Restricted Subsidiary to the extent that the declaration or payment of dividends or similar distributions or transfers or loans by that Consolidated Restricted Subsidiary is not at the time permitted 

  
 11 

 
by operation of the terms of its charter or any agreement, instrument or Governmental Requirement applicable to such Consolidated Restricted Subsidiary or is otherwise restricted or prohibited,
in each case determined in accordance with GAAP; (c) the net income (or loss) of any Person acquired in a pooling-of-interests transaction for any period prior to the date of such transaction; (d) any extraordinary gains or losses during
such period; (e) any non-cash gains or losses or positive or negative adjustments under ASC 815 (and any statements replacing, modifying or superseding such statement) as the result of changes in the fair market value of derivatives;
(f) any gains or losses attributable to writeups or writedowns of assets, including ceiling test writedowns, and (g) any non-cash compensation charge arising from any grant or vesting of stock, stock options or other equity-based awards.

 “Consolidated Net Leverage Ratio “ means, as of any date of calculation, the ratio of (a) Consolidated Net Debt as
of such date to (b) EBITDAX for the Rolling Period ending on such date. 
 “Consolidated Restricted Subsidiaries”
means each Restricted Subsidiary (whether now existing or hereafter created or acquired) the financial statements of which shall be (or should have been) consolidated with the financial statements of the Borrower in accordance with GAAP. 

“Consolidated Total Debt” means, at any date, the principal amount of all Debt (without duplication) of the Borrower and its
Consolidated Restricted Subsidiaries (a) described in clauses (a), (b), (c) or (d) of the definition herein of “Debt”, other than Debt with respect to letters of credit to the extent such letters of credit have not been drawn,
and (b) described in clause (g) of the definition herein of “Debt” to the extent such Debt is comprised of guaranty obligations in respect of Debt of others of the type described in clauses (a), (b), (c) or (d) of the
definition herein of “Debt.” 
 “Continuing Director” means, at any date, an individual (a) who is a
director of Ultra Petroleum on the Effective Date, (b) who, as of the date of determination, has been a director of Ultra Petroleum for at least the twelve preceding months, (c) who has been nominated to be a director of the Borrower,
directly or indirectly, by a Permitted Investor or Persons nominated by a Permitted Investor, (d) who is nominated, appointed or approved for consideration by shareholders for election by the board of directors of the Ultra Petroleum, or
(e) who is appointed by directors so nominated, appointed or approved. 
 “Control” means the possession, directly or
indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto. 
 “Credit Parties” means, collectively, the Borrower, Parent Guarantor and the other
Guarantors, and each individually a “Credit Party”. 
 “Credit Rating” means, the corporate credit rating of the
Borrower issued by S&P or Fitch or the corporate family rating of the Borrower issued by Moody’s, as applicable. 

“Debt” means, for any Person: 

(a) obligations of such Person for borrowed money or evidenced by bankers’ acceptances, debentures, notes, bonds or other similar
instruments; 
 (b) obligations of such Person (whether contingent or otherwise) in respect of letters of credit for which such Person is the
applicant; 
 (c) obligations of such Person with respect to Disqualified Capital Stock; 

  
 12 

 (d) obligations of such Person under Capital Leases or Synthetic Leases; 

(e) obligations of such Person to pay the deferred purchase price of Property; 

(f) Debt (as defined in the other clauses of this definition) of others secured by (or for which the holder of such Debt has an existing right,
contingent or otherwise, to be secured by) a Lien on any Property of such Person, whether or not such Debt is assumed by such Person; provided, however, that in the case of Debt of the type described in this clause (f), the amount of
such Debt shall be deemed to be the lesser of (1) such Person’s liability for such Debt and (2) the book value of such property; 

(g) Debt (as defined in the other clauses of this definition) of others guaranteed by such Person or in which such Person otherwise assures a
creditor against loss of the Debt (howsoever such assurance shall be made, including by means of obligations to pay for goods or services even if such goods or services are not actually taken, received or utilized) to the extent of the lesser of the
amount of such Debt and the maximum stated amount of such guarantee or assurance against loss; 
 (h) Debt (as defined in the other clauses
of this definition) of a partnership for which such Person is liable either by agreement, by operation of law or by a Governmental Requirement, but only to the extent of such liability; and 

(i) obligations owing by a Person or any other Person guaranteeing such Person’s Debt under one or more Swap Agreements with the same
counterparty that, at the time in question, have a net Swap Termination Value in favor of such counterparty (i.e., such Person or any other Person guaranteeing such Person’s Debt is “out of the money”) that exceeds the
Threshold Amount; 
 provided, however, that “Debt” does not include (i) obligations with respect to surety, performance or
appeal bonds and similar instruments, (ii) trade accounts and other similar accounts that are payable no later than 120 days after invoice or which are being contested in good faith by appropriate action and for which adequate reserves have
been maintained in accordance with GAAP or (iii) obligations under the LGS Lease. 
 “Debtors” means, collectively,
the Borrower and Parent Guarantor and certain of their Subsidiaries, each in their capacity as debtors and debtors-in-possession in the Chapter 11 Cases. 

“Decrease and Maintenance Lenders” means (i) at any time when there are seven (7) or more Non-Defaulting Lenders
(x) while no Loan or LC Exposure is outstanding, any four (4) Non-Defaulting Lenders having at least sixty-six and two-thirds percent (66-2/3%) of the Total Commitment of all Non-Defaulting Lenders and (y) while any Loan or LC
Exposure is outstanding, any four (4) Non-Defaulting Lenders holding at least sixty-six and two-thirds percent (66-2/3%) of the outstanding aggregate principal amount of the Loans and participation interests in Letters of Credit of all
Non-Defaulting Lenders (in each case without regard to any sale by a Non-Defaulting Lender of a participation in any Loan under Section 12.04(c)); and (ii) at any time when there are six (6) or fewer Non-Defaulting Lenders, the
Required Lenders. 
 “Default” means any event or condition which constitutes an Event of Default or which upon notice,
lapse of time or both would, unless cured or waived, become an Event of Default. 
 “Defaulting Lender” means, subject to
Section 4.05(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder, or (ii) pay to the Administrative Agent, any
Issuing Bank or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of 

  
 13 

 
Credit) within two Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent or any Issuing Bank in writing that it does not intend to comply with its
funding obligations hereunder, or has made a public statement to that effect, (c) has failed, within three Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and
the Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the
Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any bankruptcy or insolvency law, (ii) had appointed for it a receiver, custodian,
conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal
regulatory authority acting in such a capacity or (iii) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that
Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the
enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the
Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to
Section 4.05(b)) upon delivery of written notice of such determination to the Borrower, each Issuing Bank and each Lender. 

“Deposit Account” shall have the meaning set forth in Article 9 of the Uniform Commercial Code. 

“Disqualified Capital Stock” means any Equity Interest that, by its terms (or by the terms of any security into which it is
convertible or for which it is exchangeable) or upon the happening of any event, matures or is mandatorily redeemable for any consideration other than other Equity Interests (which would not constitute Disqualified Capital Stock), pursuant to a
sinking fund obligation or otherwise, or is convertible or exchangeable for Debt or redeemable for any consideration other than other Equity Interests (which would not constitute Disqualified Capital Stock) at the option of the holder thereof, in
whole or in part (but if in part only with respect to such amount that meets the criteria set forth in this definition), on or prior to the date that is one year after the Maturity Date. 

“Dollar-Denominated Production Payments” means production payment obligations recorded as liabilities in accordance with
GAAP, together with all undertakings and obligations in connection therewith. 
 “dollars” or “$” refers
to lawful money of the United States of America. 
 “Domestic Subsidiary” means any Restricted Subsidiary that is organized
under the laws of the United States of America or any state thereof or the District of Columbia, provided that a Subsidiary of a Foreign Subsidiary is not a Domestic Subsidiary. 

“E&P Subsidiary” has the meaning assigned to such term in Section 9.11. 

“EBITDAX” means, for any period, Consolidated Net Income for such period plus the following expenses or charges to the
extent deducted in calculating such Consolidated Net Income: (a) the sum of (i) Consolidated Interest Expense, (ii) Taxes imposed on or measured by income (however denominated) and franchise Taxes paid or accrued, (iii) depreciation,
(iv) depletion, (v) amortization, (vi) exploration 

  
 14 

 
and abandonment expenses, (vii) transaction costs, expenses and charges with respect to the acquisition or disposition of Oil and Gas Properties, not to exceed $3,000,000 in any fiscal year,
(viii) losses from sales or other dispositions of assets (other than Hydrocarbons produced in the ordinary course of business) and other extraordinary or non-recurring losses, (ix) all other noncash charges (provided that if any such
noncash charges represent an accrual or reserve for potential cash items in any future period, (A) the Borrower may determine not to add back such noncash charge in the current period and (B) to the extent the Borrower does decide to add back
such noncash charge, the cash payment in respect thereof in such future period shall be subtracted from Consolidated EBITDAX to such extent), (x) costs, expenses, accruals, reserves and charges with respect to senior management changes and
office closure, consolidation and relocation, including but not limited to, severance payments, recruiting, signing and retention costs and redundancy costs and (xi) costs, expenses, accruals, reserves and charges with respect to debt
restructuring activities (whether consummated or not), including but not limited to, costs, expenses, accruals, reserves and charges related to the entry into debt instruments or amendments thereto, financing fees or costs and any out-of-pocket
legal and other advisory expenses related thereto, in each case incurred during such period, minus (b) (i) gains from sales or other dispositions of assets (other than Hydrocarbons produced in the ordinary course of business) and
other extraordinary or non-recurring gains and (ii) all (A) noncash income added to Consolidated Net Income (including cancellation of indebtedness income to the extent included in Consolidated Net Income), excluding any noncash gains that
represent the reversal of an accrual or reserve for any anticipated cash charges in any prior period (other than any such accrual or reserve that has been added back to Consolidated Net Income in calculating Consolidated EBITDAX in accordance with
this definition) and (B) cash payments described in clause (B) of the proviso to clause (ix) above that are made during such period. For the purposes of calculating EBITDAX for any Rolling Period, if at any time during such period the
Borrower or any Consolidated Restricted Subsidiary shall have made any Material Disposition or Material Acquisition, Consolidated Net Income and EBITDAX for such period shall be calculated after giving pro forma effect thereto as if such
Material Disposition or Material Acquisition had occurred on the first day of such period; provided that the calculations of such pro forma adjustments are acceptable to the Administrative Agent in its reasonable discretion. 

“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country
which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution
established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein, and Norway. 

“EEA Resolution Authority” means any public administrative authority or any person entrusted with public administrative
authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” means the date on which the conditions specified in Section 6.01 are satisfied (or waived in
accordance with Section 12.02). 
 “Engineering Reports” has the meaning assigned to such term in
Section 2.07(c)(i). 
 “Environmental Laws” means any and all Governmental Requirements pertaining in any way
to public health (regarding human exposure to Hazardous Materials), protection of the environment, the preservation or reclamation of natural resources, or the management, Release or threatened Release of 

  
 15 

 
any Hazardous Materials, in effect in any and all jurisdictions in which Parent Guarantor, the Borrower or any Restricted Subsidiary is conducting, or at any time has conducted, business, or
where any Property of Parent Guarantor, the Borrower or any Restricted Subsidiary is located, including, the Oil Pollution Act of 1990 (“OPA”), as amended, the Clean Air Act, as amended, the Comprehensive Environmental, Response,
Compensation, and Liability Act of 1980 (“CERCLA”), as amended, the Federal Water Pollution Control Act, as amended, the Occupational Safety and Health Act of 1970, as amended, the Resource Conservation and Recovery Act of 1976
(“RCRA”), as amended, the Safe Drinking Water Act, as amended, the Toxic Substances Control Act, as amended, the Superfund Amendments and Reauthorization Act of 1986, as amended, the Hazardous Materials Transportation Law, as
amended, and other environmental conservation or protection Governmental Requirements. 
 “Environmental Permit “ means any
permit, registration, license, approval, consent, exemption, variance, or other authorization required under or issued pursuant to applicable Environmental Laws. 

“Equity Interests” means shares of capital stock, partnership interests, membership interests in a limited liability company,
beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such Equity Interest. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and any successor statute. 

“ERISA Affiliate” means each trade or business (whether or not incorporated) that together with Parent Guarantor, the
Borrower or a Subsidiary is a “single employer” within the meaning of section 4001(b)(1) of ERISA or subsections (b) or (c) of section 414 of the Code (or subsections (m) or (o) of section 414 of the Code with respect
to a Plan that is subject to the minimum funding requirements of section 412 of the Code). 
 “ERISA Event” means
(a) a reportable event, as defined in section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the 30-day notice period is waived under applicable regulations or otherwise); (b) a
withdrawal by Parent Guarantor, the Borrower, a Subsidiary or an ERISA Affiliate from a Plan subject to section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in section 4001(a)(2) of ERISA) or a cessation of
operations that is treated as such a withdrawal under section 4062(e) of ERISA; (c) a complete withdrawal, within the meaning of section 4203 of ERISA, or a or partial withdrawal, within the meaning of section 4205 of ERISA, by Parent
Guarantor, the Borrower, a Subsidiary or any ERISA Affiliate from a multiemployer plan (as defined in section 4001(a)(3) of ERISA); (d) the filing of a notice of intent to terminate, the treatment of a Plan amendment as termination under
section 4041 or 4041A of ERISA or the commencement of proceedings by the PBGC to terminate a Plan; or (e) an event or condition which constitutes grounds under section 4042 of ERISA for termination of, or the appointment of a trustee to
administer, any Plan. 
 “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan
Market Association (or any successor person), as in effect from time to time. 
 “Eurodollar”, when used in reference to
any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate. 

“Event of Default” has the meaning assigned to such term in Section 10.01. 

  
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 “Excepted 2022 Notes” means 2022 Notes in an aggregate principal amount not
to exceed $140,000,000. 
 “Excepted Liens” means: (a) Liens for Taxes, assessments or other governmental charges or
levies which are not delinquent or which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with GAAP; (b) Liens in connection with workers’ compensation, unemployment
insurance or other social security, old age pension or public liability obligations which are not delinquent or which are being contested in good faith by appropriate action and for which adequate reserves have been maintained in accordance with
GAAP; (c) landlords’, operators’, vendors’, carriers’, warehousemen’s, repairmen’s, mechanics’, suppliers’, workers’, materialmen’s, construction or other like Liens arising in the ordinary
course of business or incident to the exploration, development, operation and maintenance of Oil and Gas Properties, each of which is in respect of obligations that are not delinquent or which are being contested in good faith by appropriate action
and for which adequate reserves have been maintained in accordance with GAAP; (d) Liens which arise in the ordinary course of business under operating agreements, joint venture agreements, oil and gas partnership agreements, oil and gas leases,
farm-out agreements, division orders, contracts for the sale, transportation or exchange of oil and natural gas, unitization and pooling declarations and agreements, area of mutual interest agreements, overriding royalty agreements, marketing
agreements, processing agreements, net profits agreements, development agreements, gas balancing or deferred production agreements, injection, repressuring and recycling agreements, salt water or other disposal agreements, seismic or other
geophysical permits or agreements, and other agreements which are usual and customary in the Oil and Gas Business and are for claims which are not delinquent or which are being contested in good faith by appropriate action and for which adequate
reserves have been maintained in accordance with GAAP, provided that any such Lien referred to in this clause does not materially impair the use of any material Property covered by such Lien for the purposes for which such Property is held by
the Borrower or any other Credit Party or materially impair the value of any material Property subject thereto; (e) banker’s liens, rights of set-off or similar rights and remedies arising in the ordinary course of business and burdening
only deposit accounts or other funds maintained with a creditor depository institution, provided that no such deposit account is a dedicated cash collateral account; (f) easements, restrictions, servitudes, permits, conditions,
covenants, exceptions, reservations, zoning and land use requirements and other title defects in any Property of the Borrower or any other Credit Party, that in each case do not secure Debt and that in the aggregate do not materially impair the use
of such Property for the purposes of which such Property is held by the Borrower or any other Credit Party or materially impair the value of such Property subject thereto; (g) Liens to secure performance of tenders, surety and appeal bonds,
government contracts, performance and return of money bonds, bids, trade contracts, leases, statutory obligations, regulatory obligations, obligations in respect of workers’ compensation, unemployment insurance or other forms of government
benefits or insurance and other obligations of a like nature incurred in the ordinary course of business; (h) Liens, titles and interests of lessors (including sub-lessors) of property leased by such lessors to the Borrower or any other Credit
Party, restrictions and prohibitions on encumbrances and transferability with respect to such property and the Borrower’s or such other Credit Party’s interests therein imposed by such leases, and Liens and encumbrances encumbering such
lessors’ titles and interests in such property and to which the Borrower’s or such other Credit Party’s leasehold interests may be subject or subordinate, in each case, whether or not evidenced by Uniform Commercial Code financing
statement filings or other documents of record, provided that such Liens do not secure Debt of the Borrower or any other Credit Party and do not encumber Property of the Borrower or any other Credit Party other than the Property that is the
subject of such leases and items located thereon; (i) Liens, titles and interests of licensors of software and other intangible property licensed by such licensors to the Borrower or any other Credit Party, restrictions and prohibitions on
encumbrances and transferability with respect to such property and the Borrower’s or such other Credit Party’s interests therein imposed by such licenses, and Liens and encumbrances encumbering such licensors’ titles and interests in
such property and to which the Borrower’s or such other Credit Party’s 

  
 17 

 
license interests may be subject or subordinate, in each case, whether or not evidenced by Uniform Commercial Code financing statement filings or other documents of record, provided that
such Liens do not secure Debt of the Borrower or any other Credit Party and do not encumber Property of the Borrower or any other Credit Party other than the Property that is the subject of such licenses; (j) judgment and attachment Liens not
giving rise to an Event of Default; and (k) Liens of issuers of commercial letters of credit or similar undertakings on the goods that are the subject of such letters of credit or undertakings. Provisions in the Loan Documents allowing Excepted
Liens or other Permitted Liens on any item of Property shall be construed to allow such Excepted Liens and other Permitted Liens also to cover any improvements, fixtures or accessions to such Property and the proceeds of and insurance on such
Property, improvements, fixtures or accessions. No intention to subordinate any Lien granted in favor of the Administrative Agent and the Lenders is to be hereby implied or expressed by the permitted existence of any Excepted Liens. The term
“Excepted Liens” shall not include any Lien securing Debt for borrowed money. 
 “Excess Cash Threshold” means
$100,000,00025,000,000. 
 “Exchange Act”
means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 
 “Exchange
Date” means (a) the Initial Exchange Date and (b) each date after the occurrence of the Initial Exchange Date on which a Permitted Notes Exchange is consummated. 

“Exchanged Notes” has the meaning assigned thereto in the definition of “Permitted Notes Exchange”. 

“Excluded Account” means (a) any Deposit Account, Commodity Account or Securities Account so long as the average daily
maximum balance in each such account, individually, does not exceed $1,000,000 over any 30-day period and the aggregate daily maximum balance of all such Deposit Accounts, Commodity Accounts and Securities Accounts does not at any time exceed
$10,000,000, (b) any Deposit Account that is a zero balance account or a deposit account for which the balance of such Deposit Account is transferred at the end of each date to a deposit account that is not an Excluded Account, (c) any
other Deposit Accounts exclusively used for trust, payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any employees of the Credit Parties, (d) fiduciary accounts, (e) trust and suspense accounts of
the Borrower and any Credit Party holding royalty obligations, (f) accounts constituting cash collateral accounts permitted under Section 9.03 and (g) the Professional Fee Escrow Account (as defined in the Plan of
Reorganization). 
 “Excluded Cash “ means (a) any cash or cash equivalents of the Credit Parties in an Excluded
Account (other than an account that is an Excluded Account pursuant to clause (a) of the definition thereof), (b) cash collateral held by the Administrative Agent pursuant to this Agreement or the other Loan Documents, (c) cash of the
Credit Parties constituting purchase price deposits held in escrow by an unaffiliated third party pursuant to a binding and enforceable purchase and sale agreement with an unaffiliated third party containing customary provisions regarding the
payment and refunding of such deposits, (d) any cash or Cash Equivalents set aside and for which any Credit Party has issued checks or has initiated wires or ACH transfers (or will issue checks or initiate wires or ACH transfers within five (5)
business days) to make a Restricted Payment permitted Section 9.04(a), and (e) any cash or Cash Equivalents set aside and for which any Credit Party has issued checks or has initiated wires or ACH transfers (or will issue checks or
initiate wires or ACH transfers within five (5) business days) to make payments in respect of accounts payable incurred in the ordinary course of business for services already rendered. 

  
 18 

 “Excluded Subsidiary” means: 

(a) any Restricted Subsidiary that is not a wholly-owned Subsidiary of the Borrower; 

and 
 (b) (i) any Foreign
Subsidiary and/or (ii) any Domestic Subsidiary that is a direct or indirect subsidiary of any Foreign Subsidiary. 
 “Excluded
Swap Obligation” means, with respect to the Borrower and the Guarantors individually determined, any CFTC Hedging Obligation if, and solely to the extent that, all or a portion of the guarantee of the Borrower or such Guarantor of, or the
grant by the Borrower or such Guarantor of a security interest to secure, such CFTC Hedging Obligation (or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act by virtue of the Borrower’s or such Guarantor’s
failure for any reason to constitute an “eligible contract participant” (as defined in the Commodity Exchange Act) with respect to such CFTC Hedging Obligation at any time such guarantee or grant of a security interest becomes effective
with respect to such CFTC Hedging Obligation. 
 “Excluded Taxes” means any of the following Taxes imposed on or with
respect to a Recipient or required to be withheld or deducted from a payment to a Recipient: 
 (a) Taxes imposed on or measured by net
income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable
lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, 

(b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an
applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment to such Lender that was requested by the
Borrower under Section 5.05) or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 5.03, amounts with respect to such Taxes were payable either to such Lender’s
assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending office, 
 (c)
Taxes attributable to such Recipient’s failure or inability to comply with Section 5.03(g), and 
 (d) any U.S. federal
withholding Taxes imposed under FATCA. 
 “Existing Senior Notes” means (x) the 2022 Notes and (y) the senior
notes due 2025 issued by the Borrower on the Effective Date and outstanding on the Initial Exchange Date in an aggregate principal amount equal to $225,000,000, after giving effect to the consummation of the Permitted Notes Exchange on the Initial
Exchange Date. 
 “Existing Senior Notes Debt” means unsecured Debt in respect of the Existing Senior Notes, including the
principal amounts owing thereunder and any associated obligations to pay interest, premiums, indemnifications, expenses, costs or other amounts. 

  
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 “Existing Senior Notes Documents” means each indenture or agreement
providing for Existing Senior Notes Debt, the Existing Senior Notes, all guaranties of Existing Senior Notes, and any other instruments or agreements made or delivered by Parent Guarantor, the Borrower or any Restricted Subsidiary in connection with
such Existing Senior Notes Debt in each case, as amended, restated, modified, supplemented, renewed or replaced in any manner (whether upon or after termination or otherwise) from time to time. 

“FATCA “ means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version
to the extent substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code or any
fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such Sections of the Code. 

“FCPA” means the Foreign Corrupt Practices Act of 1977, as amended. 

“Federal Funds Effective Rate” means, for any day, the weighted average of the rates on overnight Federal funds transactions
with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the
average of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it; provided that if such rate shall be less than zero, such rate shall be
deemed to be zero for purposes of this Agreement. 
 “Fee Letters” means the Amended and Restated Fee Letter dated as of
February 28, 2017 among the Borrower, Barclays Bank PLC, Goldman Sachs Bank USA, Bank of Montreal and BMO Capital Markets Corp., and any other fee letters that may hereafter be entered into between Administrative Agent and Borrower. 

“Fifth Amendment Effective Date” means September 16, 2019. 

“Financial Officer” means, for any Person, the chief financial officer, principal accounting officer, treasurer, or
controller of such Person or any other natural person principally responsible for the financial matters of such Person. Unless otherwise specified, all references herein to a Financial Officer mean a Financial Officer of the Borrower. 

“Fitch” means Fitch Ratings, Inc. and any successor thereto that is a nationally recognized rating agency. 

“Flood Insurance Regulations” means (a) the National Flood Insurance Act of 1968 as now or hereafter in effect or any
successor statute thereto, (b) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (c) the National Flood Insurance Reform Act of 1994 (amending 42 USC § 4001, et seq.), as
the same may be amended or recodified from time to time, (d) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder and (e) the Biggert-Waters Flood Reform Act of 2012, and any regulations promulgated thereunder. 

“Foreign Lender” means any Lender that is organized under the laws of a jurisdiction other than that in which the Borrower is
located. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 

  
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 “Foreign Subsidiary” means any Restricted Subsidiary that is not a Domestic
Subsidiary. 
 “Fronting Exposure” means, at any time there is a Defaulting Lender, with respect to any Issuing Bank, such
Defaulting Lender’s Applicable Percentage of the outstanding Obligations with respect to Letters of Credit issued by such Issuing Bank other than such Obligations as to which such Defaulting Lender’s participation obligation has been
reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof. 
 “GAAP” means generally accepted
accounting principles in the United States of America as in effect from time to time, subject to the terms and conditions set forth in Section 1.05. 

“Governmental Authority” means the government of the United States of America, any other nation or any political subdivision
thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining
to government. 
 “Governmental Requirement” means any law, statute, code, ordinance, order, determination, rule,
regulation, judgment, decree, injunction, franchise, permit, certificate, license, rules of common law, authorization or other directive or requirement, whether now or hereinafter in effect, of any Governmental Authority. 

“Guarantors” means the Parent Guarantor and each other Restricted Subsidiary that guarantees the Obligations pursuant to
Section 8.14(b). 
 “Guaranty and Collateral Agreement” means the Guaranty and Collateral Agreement executed by
the Borrower and the Guarantors on the Effective Date in form and substance satisfactory to the Administrative Agent pursuant to which (a) the Guarantors guaranty, on a joint and several basis, payment of the Obligations, and (b) the
Borrower and the Guarantors grant security interests on the Borrower’s and the Guarantors’ personal property constituting “Collateral” as defined therein in favor of the Administrative Agent for the benefit of the Secured Parties
to secure the Obligations, as the same may be amended, modified, supplemented or restated from time to time. 
 “Hazardous
Material” means any substance regulated or as to which liability might arise under any applicable Environmental Law due to its hazardous or toxic characteristics including: any chemical, compound, material, product, byproduct, substance or
waste defined as or included in the definition or meaning of “hazardous substance,” “hazardous material,” “hazardous waste,” “solid waste,” “toxic waste,” “extremely hazardous substance,”
“toxic substance,” “contaminant,” “pollutant,” or words of similar meaning or import found in any applicable Environmental Law; Hydrocarbons, petroleum products, petroleum substances, natural gas, oil, oil and gas
waste, crude oil, and any components, fractions, or derivatives thereof; and radioactive materials, explosives, asbestos or asbestos containing materials, polychlorinated biphenyls, radon, infectious or medical wastes. 

“Highest Lawful Rate” means, with respect to each Lender, the maximum nonusurious interest rate, if any, that at any time or
from time to time may be contracted for, taken, reserved, charged or received on the Notes or on other Obligations under laws applicable to such Lender which are presently in effect or, to the extent allowed by law, under such applicable laws which
may hereafter be in effect and which allow a higher maximum nonusurious interest rate than applicable laws allow as of the date hereof. 

  
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 “Hydrocarbons” means oil, gas, casinghead gas, drip gasoline, natural
gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all products refined or separated therefrom. 

“Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on
account of any obligation of the Borrower or any Guarantor under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Indemnitee” has the meaning assigned to such term in Section 12.03(b). 

“Industry Competitor” means (a) any Person (other than Borrower, any Guarantor or any of their Affiliates or
Subsidiaries) that, directly or indirectly, is actively engaged as one of its principal businesses in lease acquisitions, exploration and production operations or development of oil and gas properties (including the drilling and completion of
producing wells) and (b) any Person that is clearly identifiable, solely on the basis of such Person’s name, as an Affiliate of any such Person (other than any Affiliates of the Borrower); provided that any Person that would be an
Industry Competitor hereunder shall not constitute an Industry Competitor if (x) such Person is a bank, financial institution, bona fide debt fund or investment vehicle that is engaged in, or that advises funds or other investment vehicles that
are engaged in, making, purchasing, holding, or otherwise investing in commercial loans, bonds or similar extensions of credit or securities in the ordinary course of business and (y) no Industry Competitor or Affiliate described in the
foregoing clauses (a) and (b) directly or indirectly, possesses the power to direct or cause the direction of the investment policies of such entity. 

“Industry Investment” means Investments and expenditures made in the ordinary course of, and of a nature that is or shall
have become customary in, the Oil and Gas Business as a means of actively engaging therein through agreements, transactions, interests or arrangements that permit one to share risks or costs, comply with regulatory requirements regarding local
ownership or satisfy other objectives customarily achieved through the conduct of Oil and Gas Business jointly with third parties, including: (1) ownership interests in oil and gas properties or gathering, transportation, processing, electricity and
power generation, or related systems; and (2) Investments and expenditures in the form of or pursuant to operating agreements, processing agreements, farm-in agreements, farm-out agreements, development agreements, area of mutual interest
agreements, unitization agreements, pooling arrangements, joint bidding agreements, service contracts, joint venture agreements, partnership agreements (whether general or limited), and other similar agreements (including for limited liability
companies) with third parties. 
 “Initial Exchange Date” means the first date on which any Permitted Notes Exchange is
consummated. 
 “Initial Reserve Report” means the report prepared as of December 31, 2016 by Netherland,
Sewell & Associates, Inc. with respect to the Oil and Gas Properties of the Credit Parties to which Proved Reserves are attributed. 

“Interest Election Request” means a request by the Borrower to convert or continue a Borrowing in accordance with
Section 2.04. 
 “Interest Payment Date” means with respect to any ABR Loan, the last day of each March, June,
September and December and with respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurodollar Borrowing with an Interest Period of more than three
months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three months’ duration after the first day of such Interest Period. 

  
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 “Interest Period” means with respect to any Eurodollar Borrowing, the
period commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six months (or, with the consent of each Lender, nine or twelve months) thereafter, as the Borrower may
elect; provided, that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next
calendar month, in which case such Interest Period shall end on the next preceding Business Day and (b) any Interest Period pertaining to a Eurodollar Borrowing that commences on the last Business Day of a calendar month (or on a day for which
there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the
date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 

“Interim Redetermination” has the meaning assigned to such term in Section 2.07(b). 

“Interim Redetermination Date” means the date on which a Borrowing Base that has been redetermined pursuant to an Interim
Redetermination becomes effective as provided in Section 2.07(d). 
 “Investment” means, for any Person: 

(a) the acquisition (whether for cash, Property, services or securities or otherwise) of Equity Interests of any other Person or any agreement
to make any such acquisition (including any “short sale” or any sale of any securities at a time when such securities are not owned by the Person entering into such short sale); 

(b) the making of any deposit with, or advance, loan or capital contribution to, assumption of Debt of, purchase or other acquisition of any
other Debt of or equity participation or equity interest in, or other extension of credit to, any other Person (including the purchase of Property from another Person subject to an understanding or agreement, contingent or otherwise, to resell such
Property to such Person; 
 (c) the purchase or acquisition (in one or a series of transactions) of Property of another Person that
constitutes a business unit both before and after such purchase or acquisition; or 
 (d) the entering into of any guarantee of, or other
surety obligation (including the deposit of any Equity Interests to be sold) with respect to, Debt of any other Person; 
 provided that accounts
receivable acquired in the ordinary course of business do not constitute Investments. 
 “Investment Grade Period” means,
the period from (a) the first date on which (i) the Borrower has received at least two of the Required Ratings, (ii) all Liens on the Collateral have been released and (iii) the Borrower has elected that such Investment Grade Period
shall commence until (b) a Borrowing Base Trigger Event. 
 “Issuing Bank” means BMO Harris Bank N.A. in its capacity
as the issuer of Letters of Credit, and its successors in such capacity as provided in Section 2.08(i). Any Issuing Bank (other than BMO Harris Bank N.A.) may, in its discretion, arrange for one or more Letters of Credit to be issued by
Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate. In the event there is more than one Issuing Bank hereunder at any time,
references herein and in the other Loan Documents to the “Issuing Bank” shall be deemed to refer to the Issuing Bank in respect of the applicable Letter of Credit, or to all Issuing Banks, as the context requires. 

  
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 “Junior Lien Intercreditor Agreements” means each of the Second Lien
Intercreditor Agreement and the Third Lien Intercreditor Agreement. 
 “LC Commitment” at any time means
$50,000,00035,000,000. 
 “LC Disbursement”
means a payment made by the Issuing Bank pursuant to a Letter of Credit. 
 “LC Exposure” means, at any time, the sum of
the aggregate Undrawn Amount of all outstanding Letters of Credit at such time plus the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of the Borrower at such time. The LC Exposure of any Lender at
any time shall be its Applicable Percentage of the total LC Exposure at such time. 
 “LC Issuance Limit” means, with
respect to each Issuing Bank, the amount set forth on Schedule 1.02 opposite such Issuing Bank’s name. 
 “Lender
Treasury Management Agreement” means a Treasury Management Agreement between the Borrower or any other Credit Party, on the one hand, and any counterparty that is a Treasury Management Lender, on the other hand. 

“Lenders” means the Persons listed on Annex I, any Person that shall have become a party hereto pursuant to an
Assignment and Assumption, and any Person that shall have become a party hereto as an Additional Lender pursuant to Section 2.06(c), other than, in each case, any such Person that ceases to be a party hereto pursuant to an Assignment and
Assumption. 
 “Letter of Credit” means any standby letter of credit issued pursuant to this Agreement. 

“Letter of Credit Agreements” means all letter of credit applications and other agreements (including any amendments,
modifications or supplements thereto) submitted by the Borrower, or entered into by the Borrower, with the Issuing Bank relating to any Letter of Credit. 

“LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, the rate appearing on Reuters Screen
LIBOR01 Page (or on any successor or substitute page of such service, or any successor to or substitute for such service, providing rate quotations comparable to those currently provided on such page of such service, as determined by the
Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to dollar deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such
Interest Period, as the rate for dollar deposits with a maturity comparable to such Interest Period; provided that if such rate that appears on such screen or page shall be less than zero, such rate shall be deemed to be zero for purposes of
this Agreement. In the event that such rate is not available at such time for any reason, then the “LIBO Rate” with respect to such Eurodollar Borrowing for such Interest Period shall be the rate at which dollar deposits of an amount
comparable to such Eurodollar Borrowing and for a maturity comparable to such Interest Period are offered by the principal London office of the Administrative Agent in immediately available funds in the London interbank market at approximately 11:00
a.m., London time, two Business Days prior to the commencement of such Interest Period. 

  
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 “LGS Lease” means the lease agreement pursuant to which Parent Guarantor or
its Subsidiary leases the liquids gathering system used for the purposes of gathering, separating, collecting and delivery for sale or transport condensate and water, together with associated natural gas, produced from natural gas and oil wells
located in the Pinedale field in Sublette County, Wyoming. 
 “Lien” means any interest in Property securing an obligation
owed to, or a claim by, a Person other than the owner of the Property, whether such interest is based on the common law, statute or contract, and whether such obligation or claim is fixed or contingent, and including but not limited to the lien or
security interest arising from a mortgage, pledge, security agreement, conditional sale or trust receipt or a lease, consignment or bailment for security purposes. For the purposes of this Agreement, the Borrower or any other Credit Party shall be
deemed to be the owner of any Property which it has acquired or holds subject to a conditional sale agreement, or leases under a financing lease or other arrangement pursuant to which title to the Property has been retained by or vested in some
other Person in a transaction intended to create a financing. 
 “Liquidate” means, with respect to any Swap Agreement, the
sale, assignment, novation, unwind or early termination of all or any part of such Swap Agreement; provided that for purposes of this definition, a Swap Agreement shall not be deemed to have been Liquidated if, (a) such Swap Agreement is
novated to an Approved Counterparty, with the Borrower or another Credit Party being the “remaining party” for purposes of such novation, or (b) upon its sale, assignment, novation, unwind or early termination, it is replaced, in a
substantially contemporaneous transaction, with one or more Swap Agreements with prices, tenors and volumes not less favorable to the Credit Parties than those of such replaced Swap Agreements and without cash payments to the Borrower or any other
Credit Party in connection therewith. The terms “Liquidated” and “Liquidation” have correlative meanings thereto. 

“Loan Documents” means this Agreement, the Notes, the Fee Letters, the Letter of Credit Agreements, the Junior Lien
Intercreditor Agreements and the Security Instruments. 
 “Loan Limit” means (a) at any time that is an Investment
Grade Period, the lesser of (i) the Total Commitment at such time and (ii)(x) the Borrowing Base in effect at the end of the most recent Borrowing Base Period minus (y) the aggregate amount of Term Loans then outstanding (without
giving effect to any payments made with respect to such Term Loans after the date of the most recent Scheduled Redetermination or Interim Redetermination) and (b) during a Borrowing Base Period, the lesser of (i) the Total Commitment at
such time and (ii)(x) the Borrowing Base at such time as determined in accordance with Section 2.07, minus (y) the aggregate amount of Term Loans then outstanding (without giving effect to any payments made with respect to
such Term Loans after the date of the most recent Scheduled Redetermination or Interim Redetermination). 
 “Loans” means
the loans made by the Lenders to the Borrower pursuant to this Agreement. 
 “Majority Lenders” means, at any time while no
Loan or LC Exposure is outstanding, Non-Defaulting Lenders having more than fifty percent (50%) of the Total Commitments of all Non-Defaulting Lenders, and at any time while any Loan or LC Exposure is outstanding, Non-Defaulting Lenders holding
more than fifty percent (50%) of the outstanding aggregate principal amount of the Loans and participation interests in Letters of Credit of all Non-Defaulting Lenders (in each case without regard to any sale by a Non-Defaulting Lender of a
participation in any Loan under Section 12.04(c)). 
 “Make-Whole Settlement Proceeds “ means, the cumulative
proceeds actually received by any Credit Party pursuant to a ruling or order from the Bankruptcy Court in connection with the Claims derived from or based upon makewhole, applicable premium, redemption premium, or other similar payment provisions
under the OpCo Notes MNPA or any other alleged premiums or Claims arising from the treatment of the OpCo Notes under the Approved Plan, including any Claims for damages or other relief arising from such treatment (capitalized terms used in this
definition but not defined herein shall have the meanings assigned to such terms in the Plan of Reorganization as in effect on March 14, 2017). 

  
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 “Material Acquisition “ means any acquisition of Property or series of
related acquisitions of Property (including by way of merger or consolidation) that involves the payment of consideration by the Borrower and its Consolidated Restricted Subsidiaries in excess of the lesser of (a) $75,000,000 and (b) the
greater of (i) five percent (5%) of (x) during any Borrowing Base Period, the then-effective Borrowing Base or (y) during any Investment Grade Period, ACNTA and (ii) $50,000,000. 

“Material Adverse Effect” means (i) after giving effect to the filing of the Chapter 11 Cases, the entry of the
Confirmation Order and the confirmation and consummation of the Plan of Reorganization, (ii) excluding any matters publicly disclosed prior to the filing of the Chapter 11 Cases, any matters disclosed in any first day pleadings or declarations in
connection with the Chapter 11 Cases and the events and conditions related and/or leading up to the Chapter 11 Cases and the effects thereof and (iii) excluding results from (A) general changes in hydrocarbon prices, (B) general
changes in industry or economic conditions, and (C) general changes in political conditions, including any engagements of hostilities, acts of war or terrorist activities or changes imposed by a governmental authority, a material adverse change
in, or material adverse effect on (a) the business, operations, Property or condition (financial or otherwise) of the Borrower and the Guarantors taken as a whole, (b) the ability of the Borrower or any Guarantor to perform its obligations
under the Loan Documents, or (c) the rights and remedies of the Administrative Agent, the Issuing Bank or any Lender under the Loan Documents. 

“Material Debt” means Debt (other than the Obligations) of the Borrower or any other Credit Party with a principal amount in
excess of the Threshold Amount. 
 “Material Disposition” means any disposition of Property or series of related
dispositions of Properties that yields gross proceeds to the Borrower or any of its Consolidated Restricted Subsidiaries in excess of the lesser of (a) $75,000,000 and (b) the greater of (i) five percent (5%) of (x) during
any Borrowing Base Period, the then-effective Borrowing Base or (y) during any Investment Grade Period, ACNTA and (ii) $50,000,000. 

“Maturity Date” means the date that is fifty-seven (57) months after the Effective Date, or, if such date is not a
Business Day, the Business Day immediately following such anniversary. 

“Maximum Capital Expenditure Allotment” has the meaning assigned to such
term in Section 9.15. 
 “Moody’s” means Moody’s
Investors Service, Inc. and any successor thereto that is a nationally recognized rating agency. 
 “Mortgaged Property”
means, at any time, any real or immovable Property owned by the Borrower or any Guarantor which is subject to the Liens existing at such time under the terms of the Security Instruments. 

“Net Working Capital” means (a) all current assets of the Parent Guarantor, the Borrower and any Restricted
Subsidiaries, except current assets from commodity price risk management activities arising in the ordinary course of the Oil and Gas Business, less (b) all current liabilities of the Parent Guarantor, the Borrower and any Restricted
Subsidiaries, except current liabilities (i) associated with asset retirement obligations relating to Oil and Gas Properties, (ii) included in Debt and (iii) any current liabilities from commodity price risk management activities
arising in the ordinary course of the Oil and Gas Business, in each case as set forth in the consolidated financial statements of the Borrower prepared in accordance with GAAP (excluding any adjustments made pursuant to FASB ASC 815). 

  
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 “New Borrowing Base Notice” has the meaning assigned to such term in
Section 2.07(d). 
 “Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting Lender at
such time. 
 “Notes” means the promissory notes of the Borrower described in Section 2.02(d) and being
substantially in the form of Exhibit A or such other form approved by the Administrative Agent, together with all amendments, modifications, replacements, extensions and rearrangements thereof. 

“Obligations” means any and all amounts owing or to be owing (including all interest on any of the Loans, any interest
accruing at any post-default rate and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower or any Guarantor (or which could accrue but
for the operation of applicable bankruptcy or insolvency laws), whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) by the Borrower or any Guarantor (whether direct or indirect (including those acquired by
assumption), absolute or contingent, due or to become due, now existing or hereafter arising): (a) to the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender under any Loan Document, (b) to any Secured Swap Party
under any Secured Swap Agreement, but excluding any additional transactions or confirmations entered into (i) after such Secured Swap Party ceases to be a Lender or an Affiliate of a Lender or (ii) after assignment by a Secured Swap Party
to another Secured Swap Party that is not a Lender or an Affiliate of a Lender, or (c) to any Treasury Management Lender under any Lender Treasury Management Agreement, including in each case all renewals, extensions and/or rearrangements of
any of the above; provided that solely with respect to any Guarantor that is not an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder, Excluded Swap Obligations of such
Guarantor shall in any event be excluded from “Obligations” owing by such Guarantor. 
 “OFAC” means the U.S.
Department of the Treasury’s Office of Foreign Assets Control. 
 “Oil and Gas Business” means the business of
acquiring, exploring, drilling, exploiting, developing, producing, operating, treating, storing, gathering, processing, and selling oil and gas and the products thereof, together with activities (including physical and financial hedging and
swapping) that are ancillary thereto. 
 “Oil and Gas Properties” means rights, titles, interests and estates in and to oil
and gas leases, oil, gas and mineral leases, or other liquid or gaseous hydrocarbon leases, mineral fee interests, overriding royalty and royalty interests, net profit interests and production payment interests, including any reserved or residual
interests of whatever nature and including any interests acquired pursuant to unit agreements, pooling agreements and declarations of pooled units; provided, that, for the avoidance of doubt, “Oil and Gas Properties” shall exclude
all easements and rights of way used or to be used in connection with any gathering system. Unless otherwise indicated herein, each reference to the term “Oil and Gas Properties” means any and all Oil and Gas Properties owned at the time
in question by the Borrower and the other Credit Parties. 
 “Other Connection Taxes” means, with respect to any Recipient,
Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations
under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

  
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 “Other Taxes” means all present or future stamp, court or documentary,
intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect
to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 5.04 or Section 5.05). 

“Parent Guarantor” has the meaning assigned to such term in the preamble hereto. 

“Participant” has the meaning assigned to such term in Section 12.04(c). 

“Participant Register” has the meaning assigned to such term in Section 12.04(c). 

“PBGC” means the Pension Benefit Guaranty Corporation and any Person succeeding to any or all of its functions under ERISA.

 “Permitted Investors” means, collectively, any Person that, on the Effective Date, after giving effect to the Plan of
Reorganization, is the beneficial owner, together with any of its Affiliates (but excluding any operating portfolio companies of the foregoing Persons), of Equity Interests representing 10% or more of the aggregate ordinary voting power represented
by the issued and outstanding Equity Interests of the Borrower at such time. 
 “Permitted Junior Exchange Debt” means Debt
of the Borrower or any Guarantor that is incurred in exchange for, or the net proceeds of which are used solely to repay, the applicable Exchanged Notes in connection with any Permitted Notes Exchange and that is secured by a second or more junior
priority Lien on the Collateral; provided, that (a) the Liens securing such Debt are subject to the Junior Lien Intercreditor Agreements, (b) no such Debt may have a maturity date that is earlier than 91 days after the Maturity Date
(determined at the time of incurrence), (c) the aggregate principal amount of such Debt does not exceed the aggregate principal amount of the applicable Exchanged Notes, (d) such Debt is issued at market terms, as certified by a
Responsible Officer of the Borrower in good faith and (e) such Debt may not be mandatorily prepaid prior to the repayment of the Loans (other than customary offers to purchase upon a change of control, asset sale or casualty or condemnation
event and customary acceleration rights after an event of default, which such payments shall be subject to Section 9.04 herein); provided, further, that the terms and documentation of such Debt shall be (i) reasonably satisfactory to the
Administrative Agent (it being agreed and understood that the Second Lien Indenture and any terms and documentation substantially consistent with the Second Lien Indenture are reasonably satisfactory to the Administrative Agent) or (ii) either
(x) not materially more restrictive, taken as a whole, to the Parent Guarantor, the Borrower and its Restricted Subsidiaries, than the Loan Documents (or if materially more restrictive, the Lenders receive the benefit of the more restrictive
terms which, for the avoidance of doubt, may be provided to the Lenders without consent) or (y) if materially more restrictive, taken as a whole, then such more restrictive terms are only applicable after the Maturity Date, in each case, as
certified by a Responsible Officer of the Borrower in good faith. 
 “Permitted Lien” means any Lien permitted under
Section 9.03. 
 “Permitted Notes Exchange” means the exchange by the Borrower of any series of Existing Senior
Notes for, or the repayment by the Borrower of any series of Existing Senior Notes solely with the net proceeds of, Permitted Junior Exchange Debt (in the case of a repayment, which proceeds are used solely for that purpose), in each case, on the
applicable Exchange Date (such Existing Senior Notes, the “Exchanged Notes”). 

  
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 “Permitted Second Lien Debt” means Permitted Junior Exchange Debt that is
governed by the Second Lien Indenture and that is secured by Liens that are junior and subordinated to the Liens securing the Obligations pursuant to the Second Lien Intercreditor Agreement. 

“Permitted Third Lien Debt” means Permitted Junior Exchange Debt that is secured by Liens that are junior and subordinated to
the Liens securing the Obligations and the Liens securing Permitted Second Lien Debt pursuant to the Third Lien Intercreditor Agreement. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or other entity. 
 “Plan” means any employee pension benefit plan, as defined in
section 3(2) of ERISA (other than a multiemployer plan as defined in section 4001(a)(3) of ERISA), that is subject to Title IV of ERISA or section 412 of the Code and that is sponsored, maintained or contributed to by Parent Guarantor, the Borrower
or a Subsidiary with respect to which any of them has or could reasonably expect to have any liability, including on account of an ERISA Affiliate. 

“Plan Effective Date” means the “Effective Date” as defined in the Plan of Reorganization. 

“Plan of Reorganization” has the meaning assigned to such term in the recitals hereto. 

“Platform” has the meaning assigned such term in Section 8.01. 

“Prime Rate” means the rate of interest per annum publicly announced from time to time by the Administrative Agent as
its prime rate in effect at its principal office in San Francisco, California; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective. Such rate is set by the Administrative
Agent as a general reference rate of interest, taking into account such factors as the Administrative Agent may deem appropriate; it being understood that many of the Administrative Agent’s commercial or other loans are priced in relation to
such rate, that it is not necessarily the lowest or best rate actually charged to any customer and that the Administrative Agent may make various commercial or other loans at rates of interest having no relationship to such rate. 

“Projected Volume” means, at any timeas of
September 30, 2019 and December 31, 2019, the Borrower’s reasonably anticipated projected future production from Oil and Gas Properties of the Borrower and the other Credit Parties
for the period beginning September 30, 2019 and ending March 31, 2020. 

“Property” means any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible,
including cash, securities, accounts and contract rights. 
 “Proposed Borrowing Base” has the meaning assigned to such
term in Section 2.07(c)(i). 
 “Proposed Borrowing Base Notice” has the meaning assigned to such term in
Section 2.07(c)(ii). 
 “Proved Reserves” means “Proved Reserves” as defined in the Definitions for
Oil and Gas Reserves (as used in this paragraph, the “Definitions”) promulgated by the Society of Petroleum Engineers (or any generally recognized successor) as in effect at the time in question. “Proved Developed Producing
Reserves” means Proved Reserves which are categorized as both “Developed” and 

  
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 “Producing” in the Definitions, “Proved Developed Nonproducing Reserves” means Proved
Reserves which are categorized as both “Developed” and “Nonproducing” in the Definitions, and “Proved Undeveloped Reserves” means Proved Reserves which are categorized as “Undeveloped” in the Definitions. 

“Public Lender” has the meaning assigned such term in Section 8.01. 

“Purchase Money Indebtedness” means Debt, the proceeds of which are used to finance the acquisition, construction, or
improvement of inventory, equipment or other Property in the ordinary course of business. 
 “PV-9” means, with respect to
any Proved Reserves expected to be produced from any Borrowing Base Properties (or in connection with any proposed acquisition, Oil and Gas Properties that will be acquired by the Borrower or any Restricted Subsidiary), the net present value,
discounted at 9% per annum, of the future net revenues expected to accrue to the Borrower’s and the Credit Parties’ collective interests in such reserves during the remaining expected economic lives of such reserves, calculated
in accordance with the Bank Price Deck, in each case, without giving effect to non-property related expenses such as general and administrative expenses, debt service, future income tax expenses and depreciation, depletion and amortization. 

“Qualified ECP Counterparty “ means, in respect of any CFTC Hedging Obligation, the Borrower and each Guarantor to the extent
that such Person (a) has total assets exceeding $10,000,000 at the time any guaranty of obligations under such CFTC Hedging Obligation or any grant of a security interest to secure such CFTC Hedging Obligation becomes effective or
(b) otherwise constitutes an “eligible contract participant” with respect to such Swap Agreement under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time by
entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 “Recipient” means
(a) the Administrative Agent, (b) any Lender and (c) any Issuing Bank, as applicable. 
 “Redemption” means
with respect to any Debt, the repurchase, redemption, prepayment, repayment, defeasance or any other acquisition or retirement for value (or the segregation of funds with respect to any of the foregoing) of such Debt. “Redeem” has
the correlative meaning thereto. 
 “Redetermination Date” means, with respect to any Scheduled Redetermination or any
Interim Redetermination, the date that the redetermined Borrowing Base related thereto becomes effective pursuant to Section 2.07(d). 

“Redomestication Transaction” means a bona fide redomestication of the Parent Guarantor from a corporation incorporated under
the Yukon Business Corporations Act to a corporation organized under the laws of the United States of America, any State of the United States or the District of Columbia; provided that such redomestication does not adversely affect the
Collateral and would not be reasonably expected to have material adverse U.S. federal income tax consequences to a significant portion of the Lenders. 

“Register” has the meaning assigned to such term in Section 12.04(b)(iv). 

“Regulation D” means Regulation D of the Board, as the same may be amended, supplemented or replaced from time to time. 

  
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 “Related Parties” means, with respect to any specified Person, such
Person’s Affiliates and the respective directors, officers, employees, agents and advisors (including attorneys, accountants and experts) of such Person and such Person’s Affiliates. 

“Release” means any depositing, spilling, leaking, pumping, pouring, placing, emitting, discarding, abandoning, emptying,
discharging, migrating, injecting, escaping, leaching, dumping, or disposing. 
 “Remedial Work” has the meaning assigned
to such term in Section 8.10(a). 
 “Required Lenders” means, at any time while no Loan or LC Exposure is
outstanding, Non-Defaulting Lenders having at least sixty-six and two-thirds percent (66-2/3%) of the Total Commitment of all Non-Defaulting Lenders, and at any time while any Loan or LC Exposure is outstanding, Non-Defaulting Lenders holding at
least sixty-six and two-thirds percent (66-2/3%) of the outstanding aggregate principal amount of the Loans and participation interests in Letters of Credit of all Non-Defaulting Lenders (in each case without regard to any sale by a Non-Defaulting
Lender of a participation in any Loan under Section 12.04(c)). 
 “Required Ratings” means the Borrower’s
Credit Rating is (a) Baa3 with a stable or better outlook, or higher, from Moody’s, (b) BBB- with a stable or better outlook, or higher, from S&P or (c) BBB- with a stable or better outlook, or higher from Fitch. 

“Reserve Report” means the Initial Reserve Report and each subsequent report, in form and substance reasonably satisfactory
to the Administrative Agent, setting forth, as of each of the following dates: 
 July 1, 2017 and each July 1 thereafter 

January 1, 2018 and each January 1 thereafter 

(or such other date in the event of an Interim Redetermination), the oil and gas reserves attributable to the Oil and Gas Properties of the Borrower and the
other Credit Parties, together with a projection of the rate of production and future net income, taxes, operating expenses and capital expenditures with respect thereto as of such date, based upon the pricing assumptions consistent with the
Administrative Agent’s lending requirements at the time. 
 “Responsible Officer” means, as to any Person, the Chief
Executive Officer, the President, any Financial Officer or any Vice President of such Person. Unless otherwise specified, all references to a Responsible Officer herein mean a Responsible Officer of the Borrower. 

“Restricted Payment “ means any dividend or other distribution (whether in cash, securities or other Property) with respect
to any Equity Interest in the Borrower or any other Credit Party, or any payment (whether in cash, securities or other Property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any Equity Interest in the Borrower or any other Credit Party. 
 “Restricted Subsidiary”
means any Subsidiary of the Borrower. 
 “Revolving Credit Exposure” means, with respect to any Lender at any time, the
outstanding principal amount of such Lender’s Loans and its LC Exposure at such time. 

  
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 “Rolling Period” means for the end of any fiscal quarter, the period of
four (4) consecutive fiscal quarters ending on the last day of such fiscal quarter. 
 “S&P” means
Standard & Poor’s Ratings Group, a division of The McGraw-Hill Companies, Inc., and any successor thereto that is a nationally recognized rating agency. 

“Sanction” means any economic or financial sanction or trade embargo imposed, administered or enforced from time to time by
the U.S. government, including those administered by OFAC, the U.S. Department of the Treasury or the U.S. Department of State. 

“Sanctioned Country” means, at any time, a country, territory or region which is itself, or whose government is, the subject
or target of any Sanctions (including Cuba, Iran, North Korea, Sudan and Syria). 
 “Sanctioned Person” means, at any time,
(a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC, the U.S. Department of the Treasury or the U.S. Department of State, (b) any Person operating, organized or resident in a Sanctioned Country or
(c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b). 

“Scheduled Redetermination” has the meaning assigned to such term in Section 2.07(b). 

“Scheduled Redetermination Date” means the date on which a Borrowing Base that has been redetermined pursuant to a Scheduled
Redetermination becomes effective as provided in Section 2.07(d). 
 “SEC” means the Securities and Exchange
Commission or any successor Governmental Authority. 
 “Second Lien Indenture” means the indenture governing the terms of
the Permitted Second Lien Debt to be issued on the Initial Exchange Date in substantially the form attached hereto as Exhibit L. 

“Second Lien Indenture Documents” has the meaning assigned to such term in Section 9.17(b). 

“Second Lien Intercreditor Agreement” means the First Lien/Second Lien Intercreditor Agreement substantially in the form of
Exhibit J or such other form approved by the Administrative Agent in its reasonable discretion; provided that any such other form shall have been posted to Lenders on the Platform not less than five (5) Business Days prior to the date of
execution thereof and the Majority Lenders shall not have objected thereto within such five (5) Business Day period. 

“Secured Parties” means, collectively, the Administrative Agent, the Lenders, the Collateral Agent, the Treasury Management
Lenders and Secured Swap Parties, and “Secured Party” means any of them individually. 
 “Secured Swap Agreement”
means (a) any Swap Agreement between (i) the Borrower or any other Credit Party and (ii) any Lender or Affiliate of a Lender that exists on the Effective Date, and (b) any Swap Agreement between (i) the Borrower or any other
Credit Party and (ii) any Person that is, on the date such Swap Agreement was entered into, a Lender or an Affiliate of a Lender, in each case, even if such Person subsequently ceases to be a Lender (or an Affiliate thereof) for any reason.

 “Secured Swap Obligations” means Obligations referred to in clause (b) of the definition of Obligations. 

  
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 “Secured Swap Party” means the counterparty opposite the Borrower or any
other Credit Party under any Secured Swap Agreement. 
 “Securities Account” shall have the meaning set forth in Article 9
of the Uniform Commercial Code or other applicable law. 
 “Securities Act” means the Securities Act of 1933, as amended,
and the rules and regulations promulgated thereunder. 
 “Security Instruments” means the mortgages, deeds of trust, pledge
agreements, security agreements, control agreements and other agreements, instruments, supplements or certificates described or referred to in Exhibit E, and any and all other agreements, instruments, supplements, consents or certificates
(including the Collateral Agency Agreement and the Guaranty and Collateral Agreement) now or hereafter executed and delivered by the Borrower, any other Credit Party, or any other Person (other than Secured Swap Agreements or participation or
similar agreements between any Lender and any other lender or creditor with respect to any Obligations pursuant to this Agreement) in order to guarantee or provide collateral security for the payment or performance of the Obligations, the Notes,
this Agreement or reimbursement obligations under the Letters of Credit, as such agreements may be amended, modified, supplemented or restated from time to time. 

“Specified Commodity Sale Contract” means any contract for the sale of Hydrocarbons for a price to be calculated at the time
of delivery based on the market or index price for a location other than the delivery point (as defined in such sale contract) of the Hydrocarbons sold pursuant to such sale contract (together with any related asset management agreement for the
release of transportation capacity between such locations), which sale transaction is intended to be settled by physical delivery of such Hydrocarbons by the Borrower or any other Credit Party to a Person that is, on the date such contract is
entered into, a Lender or an Affiliate of a Lender, in each case even if such Person subsequently ceases to be a Lender or an Affiliate of a Lender for any reason. 

“Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the
denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board to which the Administrative
Agent is subject with respect to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include those imposed pursuant to such
Regulation D. Eurodollar Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender
under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

“subsidiary” means, with respect to any Person (the “parent”) at any date, (a) any other Person the accounts
of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, or (b) any other Person of which Equity Interests
representing more than 50% of the equity or more than 50% of the ordinary voting power (irrespective of whether or not at the time Equity Interests of any other class or classes of such Person shall have or might have voting power by reason of the
happening of any contingency) are, as of such date, owned, Controlled or held by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 

  
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 “Subsidiary” means, unless stated otherwise, any subsidiary of the
Borrower. 
 “Subsidiary Guarantor” means any subsidiary of the Borrower that is a Guarantor. 

“Super Majority Lenders” means, at any time while no Loans or LC Exposure is outstanding, Non-Defaulting Lenders having more
than eighty percent (80%) of the Total Commitments of all Non-Defaulting Lenders, and at any time while any Loans or LC Exposure is outstanding, Non-Defaulting Lenders holding more than eighty percent (80%) of the outstanding aggregate
principal amount of the Loans and participation interests in Letters of Credit of all Non-Defaulting Lenders (in each case without regard to any sale by a Non-Defaulting Lender of a participation in any Loan under Section 12.04(c)). 

“Swap Agreement” means any agreement with respect to any swap, forward, future or derivative transaction or option or similar
agreement, whether exchange traded, “over-the-counter” or otherwise, involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or
measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that (i) no phantom stock or similar plan providing for payments only on account of services provided
by current or former directors, officers, employees or consultants of the Borrower or the other Credit Parties shall be a Swap Agreement and (ii) no sale of a commodity for deferred shipment or delivery that is intended to be physically settled
(other than a forward sale contract to the extent that it provides, at the time such contract (or a specified portion of such contract or a specified transaction under such contract) is entered into, for all in fixed prices; provided, that,
the Borrower’s or any other Credit Party’s election for “first of month” pricing or other one month pricing pursuant to a forward sale contract for deliveries of Hydrocarbons for the immediately following calendar month shall be
deemed not to be a contract for an all in fixed price for purposes of this definition) shall be a Swap Agreement. If multiple transactions are entered into under a master agreement, each transaction is a separate Swap Agreement. 

“Swap PV” means, with respect to any Swap Agreement in respect of commodities, the net present value, discounted at
9% per annum, of the future receipts expected to be paid to the Borrower or the other Credit Parties under such Swap Agreement, calculated in accordance with the Bank Price Deck; provided that the “Swap PV” shall never
be less than $0.00. 
 “Swap Termination Value” means, in respect of any one or more Swap Agreements, after taking into
account the effect of any legally enforceable netting agreement relating to such Swap Agreements, (a) for any date on or after the date such Swap Agreements have been closed out and termination value(s) determined in accordance therewith, such
termination value(s) and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Agreements, as determined by the counterparties to such Swap Agreements (including,
without duplication, any unpaid amounts due on the date of calculation). 
 “Synthetic Leases” means, in respect of any
Person, all leases which shall have been, or should have been, in accordance with GAAP, treated as operating leases on the financial statements of the Person liable (whether contingently or otherwise) for the payment of rent thereunder and which
were properly treated as indebtedness for borrowed money for purposes of U.S. federal income taxes, if the lessee in respect thereof is obligated to either purchase for an amount in excess of, or pay upon early termination an amount in excess of,
80% of the residual value of the Property subject to such operating lease upon expiration or early termination of such lease. 

  
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 “Taxes” means any and all present or future taxes, levies, imposts, duties,
deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Termination Date” means the earlier of the Maturity Date and the date of termination of the Commitments. 

“Term Loans” means “Loans” as defined under the Term Loan Agreement. 

“Term Loan Administrative Agent” means the administrative agent under the Term Loan Agreement 

“Term Loan Agreement” means that certain Senior Secured Term Loan Agreement, dated as of April 12, 2017 by and between
the Borrower, the lenders party thereto, and Barclays Bank PLC, as administrative agent. 
 “Term Loan Documents” means
“Loan Documents” as defined under the Term Loan Agreement. 
 “Term Loan Exposure” means, with respect to any
Term Loan Lender at any time, the outstanding principal amount of such Term Loan Lender’s Term Loans. 
 “Term Loan
Lenders” means the “Lenders” as defined under the Term Loan Agreement. 
 “Threshold
Amount”means the greater of (a) the lesser of (i) five percent (5%) of (x) during any Borrowing Base Period, the then-effective Borrowing Base or (y) during any Investment Grade
Period, ACNTA and (ii) $65,000,000 and (b) $50,000,000. 
 “Third Amendment” means that certain Third
Amendment to Credit Agreement, dated as of December 21, 2018, by and among the Borrower, the Administrative Agent and the Lenders party thereto. 

“Third Amendment Effective Date” has the meaning assigned to such term in the Third Amendment. 

“Third Lien Intercreditor Agreement” means the Third Lien Intercreditor Agreement substantially in the form of Exhibit
K or such other form approved by the Administrative Agent in its reasonable discretion; provided that any such other form shall have been posted to Lenders on the Platform not less than five (5) Business Days prior to the date of execution
thereof and the Majority Lenders shall not have objected thereto within such five (5) Business Day period. 

“Threshold Amount” means the greater of (a) the lesser of (i) five
percent (5%) of (x) during any Borrowing Base Period, the then-effective Borrowing Base or (y) during any Investment Grade Period, ACNTA and (ii) $65,000,000 and (b) $50,000,000. 

“Total Commitment” means the sum of the Commitments of the Lenders.
As of the Fifth Amendment Effective Date, the Total Commitment is $200,000,000. 

“Total Exposure” means, as of any date of determination, the sum of the aggregate Revolving Credit Exposure and the aggregate
Term Loan Exposure at such date. 

  
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 “Transactions” means, (a) with respect to the Borrower, the execution,
delivery and performance by the Borrower of this Agreement, each other Loan Document to which it is a party, each Term Loan Document to which it is a party and each Existing Senior Notes Document to which it is a party, the borrowing of Loans and
the issuance of Letters of Credit hereunder, the borrowing of Term Loans and the issuance of the Existing Senior Notes and the grant of Liens by the Borrower on Mortgaged Properties and other Collateral pursuant to the Security Instruments and
(b) with respect to each Guarantor, the execution, delivery and performance by such Guarantor of each Loan Document, Term Loan Document and Existing Senior Notes Document to which it is a party, the guaranteeing of the Obligations by such
Guarantor, the guaranteeing of the obligations under the Term Loan Documents and the Existing Senior Notes Documents and the grant by such Guarantor of Liens on Mortgaged Properties and other Collateral pursuant to the Security Instruments. 

“Transfer” has the meaning assigned to such term in Section 9.11. 

“Treasury Management Agreement” means any agreement to provide cash management services, including treasury, depositing,
overdraft, credit or debit card, electronic funds transfer and other cash management arrangements. 
 “Treasury Management
Lender” means any Person that, at the time it enters into a Treasury Management Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Treasury Management Agreement. 

“Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans
comprising such Borrowing, is determined by reference to the Alternate Base Rate or the Adjusted LIBO Rate. 
 “Ultra
Petroleum” has the meaning assigned to such term in the preamble hereto. 
 “Undrawn Amount “ means, at any time,
with respect to any Letter of Credit, the maximum amount that may be drawn under such Letter of Credit after giving effect to (a) all provisions in such Letter of Credit providing for future automatic increases in the amount that may be drawn
under such Letter of Credit (regardless of whether such automatic increases have then occurred at such time) and (b) any amounts previously drawn under such Letter of Credit. 

“Uniform Commercial Code “ means the Uniform Commercial Code, as in effect from time to time, of the State of New York or of
any other state the laws of which are required as a result thereof to be applied in connection with the attachment, perfection or priority of, or remedies with respect to, Administrative Agent’s or any Secured Party’s Lien on any
Collateral. 
 “Unproven Acreage” means, at any time, all Oil and Gas Properties that had no Proved Reserves attributed
thereto in the then most recent Reserve Report (including, for the avoidance of doubt, Oil and Gas Properties not evaluated in the most recent Reserve Report). 

“Unrestricted Parent Entity” means any Subsidiary of Ultra Petroleum other than UP Energy or any Subsidiary of UP Energy
other than the Borrower. 
 “UP Energy” has the meaning assigned to such term in the preamble hereto. 

“U.S. Tax Compliance Certificate” has the meaning assigned to such term in Section 5.03(g)(iii). 

“Volumetric Production Payments” means production payment obligations recorded as deferred revenue in accordance with GAAP,
together with all undertakings and obligations in connection therewith. 

  
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 “Withholding Agent” means the Borrower, any Guarantor or the Administrative
Agent. 
 “Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and
conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 

Section 1.03 Types of Loans and Borrowings. For purposes of this Agreement, Loans and Borrowings, respectively, may be
classified and referred to by Type (e.g., a “Eurodollar Loan” or a “Eurodollar Borrowing”). 
 Section 1.04
Terms Generally; Rules of Construction. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine,
feminine and neuter forms. The words “include”, “includes” and “including” as used in this Agreement shall be deemed to be followed by the phrase “without limitation”. The word “or” is not exclusive.
The word “shall” shall be construed to have the same meaning and effect as the word “will”. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall
be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth in the Loan
Documents), (b) any reference herein to any law shall be construed as referring to such law as amended, modified, codified or reenacted, in whole or in part, and in effect from time to time, (c) any reference herein to any Person shall be
construed to include such Person’s successors and assigns (subject to the restrictions contained in the Loan Documents), (d) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be
construed to refer to this Agreement in its entirety and not to any particular provision hereof, (e) with respect to the determination of any time period, the word “from” means “from and including” and the word
“to” means “to and including”, (f) any reference herein to Articles, Sections, Annexes, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Annexes, Exhibits and Schedules to, this Agreement
and (g) with respect to the requirement to deliver any certificate, an executed paper copy of such certificate shall accompany any other form of delivery permitted hereunder. No provision of this Agreement or any other Loan Document shall be
interpreted or construed against any Person solely because such Person or its legal representative drafted such provision. To the extent the terms “Unrestricted Subsidiary” or “Unrestricted Subsidiaries” are used in any Loan
Document, the parties hereto agree that there are no Unrestricted Subsidiaries for such purposes and such provisions shall have no effect solely to the extent relating to any such “Unrestricted Subsidiary” or “Unrestricted
Subsidiaries.” 
 Section 1.05 Accounting Terms and Determinations; GAAP. Unless otherwise specified herein, all
accounting terms used herein shall be interpreted, all determinations with respect to accounting matters hereunder shall be made, and all financial statements and certificates and reports as to financial matters required to be furnished to the
Administrative Agent or the Lenders hereunder shall be prepared, in accordance with GAAP, applied on a basis consistent with the financial statements referred to in Section 7.04(a) except for changes in which the Borrower’s
independent certified public accountants concur and which are disclosed to the Administrative Agent as part of, or along with, the audited annual financial statements delivered to the Lenders pursuant to Section 8.01(a); provided
that, unless the Borrower and the Majority Lenders shall otherwise agree in writing, no such change shall modify or affect the manner in which compliance with the covenants set forth in Article IX is computed such that all such computations
shall be conducted utilizing financial information presented consistently with prior periods. Notwithstanding anything herein to the contrary, for the purposes of calculating any of
thefinancial ratios tested under Section 9.01, and the components of each of such ratios, Parent Guarantor (including
its assets, liabilities, income, losses, cash flows, and the elements thereof) shall be excluded. 

  
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 ARTICLE II 

THE CREDITS 

Section 2.01 Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the
Borrower during the Availability Period in an aggregate principal amount that will not result in such Lender’s Revolving Credit Exposure exceeding such Lender’s Commitment or the total Revolving Credit Exposures exceeding the Loan Limit.
Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, repay and reborrow the Loans. 

Section 2.02 Loans and Borrowings. 

(a) Borrowings; Several Obligations. Each Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders ratably in
accordance with their respective Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments are several and no Lender shall
be responsible for any other Lender’s failure to make Loans as required. 
 (b) Types of Loans. Subject to
Section 3.03, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign
branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. 

(c) Minimum Amounts; Limitation on Number of Borrowings. At the commencement of each Interest Period for any Eurodollar Borrowing, such
Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and not less than $500,000. At the time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $100,000 and
not less than $500,000; provided that, notwithstanding the foregoing, an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Commitments or that is required to finance the reimbursement of an LC
Disbursement as contemplated by Section 2.08(e). Borrowings of more than one Type may be outstanding at the same time, provided that there shall not at any time be more than a total of ten Eurodollar Borrowings outstanding.
Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date. 

(d) Notes. Upon request of a Lender, the Loans made by such Lender shall be evidenced by a single promissory note of the Borrower in
substantially the form of Exhibit A, and (i) in the case of any Lender party hereto as of the date of this Agreement, such Note shall be dated as of the date of this Agreement, (ii) in the case of any Lender that becomes a party
hereto pursuant to an Assignment and Assumption, such Note shall be dated as of the effective date of the Assignment and Assumption, or (iii) in the case of any Lender that becomes a party hereto in connection with an increase in the Total
Commitment pursuant to Section 2.06(c), as of the effective date of such increase, in each case, payable to such Lender in a principal amount equal to its Commitment as in effect on such date, and otherwise duly completed. In the event
that any Lender’s Commitment increases or decreases for any reason (whether pursuant to Section 2.06, Section 12.04(b) or otherwise), the Borrower shall, upon request of such Lender, deliver or cause to be delivered on
the effective date of such increase or decrease, 

  
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 a new Note payable to such Lender in a principal amount equal to its Commitment after giving effect to such
increase or decrease, and otherwise duly completed, against return to the Borrower of the Note so replaced. The date, amount, Type, interest rate and, if applicable, Interest Period of each Loan made by each Lender, and all payments made on account
of the principal thereof, shall be recorded by such Lender on its books for its Note, and, prior to any transfer, may be endorsed by such Lender on a schedule attached to such Note or any continuation thereof or on any separate record maintained by
such Lender. Failure to make any such notation or to attach a schedule shall not affect any Lender’s or the Borrower’s rights or obligations in respect of such Loans or affect the validity of such transfer by any Lender of its Note. 

Section 2.03 Requests for Borrowings. To request a Borrowing, the Borrower shall notify the Administrative Agent of such
request in writing in the case of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, three Business Days before the date of the proposed Borrowing or, in the case of an ABR Borrowing, not later than 12:00 noon, New York City
time, on the Business Day of the proposed Borrowing; provided that no such notice shall be required for any deemed request of an ABR Borrowing to finance the reimbursement of an LC Disbursement as provided in Section 2.08(e). Each
such written Borrowing Request shall be irrevocable and shall be in substantially the form of Exhibit B and signed by the Borrower. Each such written Borrowing Request shall specify the following information in compliance with
Section 2.02: 
 (a) the aggregate amount of the requested Borrowing; 

(b) the date of such Borrowing, which shall be a Business Day; 

(c) whether such Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; 

(d) in the case of a Eurodollar Borrowing, the initial Interest Period to be applicable thereto, which shall be a period contemplated by the
definition of the term “Interest Period”; 
 (e) the amount of the then effective Borrowing Base, the amount of the then effective
Total Commitment, the current Loan Limit, the current total Term Loan Exposures, the current total Revolving Credit Exposures (without regard to the requested Borrowing) and the pro forma total Revolving Credit Exposures (giving effect to the
requested Borrowing); and 
 (f) the location and number of the Borrower’s account to which funds are to be disbursed, which shall
comply with the requirements of Section 2.05. 
 If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be
an ABR Borrowing. If no Interest Period is specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Each Borrowing Request shall constitute a
representation by the Borrower that the amount of the requested Borrowing shall not cause the total Revolving Credit Exposures to exceed the Loan Limit. 

Promptly following receipt of a Borrowing Request in accordance with this Section 2.03, the Administrative Agent shall advise each Lender of the
details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 

  
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 Section 2.04 Interest Elections. 

(a) Conversion and Continuance. Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the
case of a Eurodollar Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a
Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section 2.04. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall
be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. 

(b) Interest Election Requests. To make an election pursuant to this Section 2.04, the Borrower shall notify the
Administrative Agent of such election in writing by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective
date of such election. Each such written Interest Election Request shall be irrevocable and shall be in substantially the form of Exhibit C and signed by the Borrower. 

(c) Information in Interest Election Requests. Each written Interest Election Request shall specify the following information in
compliance with Section 2.02: 
 (i) the Borrowing to which such Interest Election Request applies and, if different options are
being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to Section 2.04(c)(iii) and (iv) shall be specified
for each resulting Borrowing); 
 (ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a
Business Day; 
 (iii) whether the resulting Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; and 

(iv) if the resulting Borrowing is a Eurodollar Borrowing, the Interest Period to be applicable thereto after giving effect to such election,
which shall be a period contemplated by the definition of the term “Interest Period”. 
 (v) If any such Interest Election Request
requests a Eurodollar Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. 

(d) Notice to Lenders by the Administrative Agent. Promptly following receipt of an Interest Election Request, the Administrative Agent
shall advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 
 (e) Effect of Failure to
Deliver Timely Interest Election Request and Events of Default on Interest Election. If the Borrower fails to deliver a timely Interest Election Request with respect to a Eurodollar Borrowing prior to the end of the Interest Period applicable
thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to an ABR Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is
continuing: no outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing (and any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurodollar Borrowing shall be
ineffective) and unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 

  
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 Section 2.05 Funding of Borrowings. 

(a) Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of
immediately available funds by 1:00 p.m., New York City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the
Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with a Lender and designated by the Borrower in the applicable Borrowing Request; provided that ABR Loans made to finance the
reimbursement of an LC Disbursement as provided in Section 2.08(e) shall be remitted by the Administrative Agent to the Issuing Bank. Nothing herein shall be deemed to obligate any Lender to obtain the funds for its Loan in any
particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for its Loan in any particular place or manner. 

(b) Presumption of Funding by the Lenders. Unless the Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in
accordance with Section 2.05(a) and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the
Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made
available to the Borrower to but excluding the date of payment to the Administrative Agent, at in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking
industry rules on interbank compensation or in the case of the Borrower, the interest rate applicable to ABR Loans. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in
such Borrowing. Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent. 

Section 2.06 Increase, Reduction and Termination of Total Commitment. 

(a) Scheduled Termination of Commitments. Unless previously terminated, the Commitments shall terminate on the Maturity Date. If at any
time the Borrowing Base or the Total Commitment is terminated or reduced to zero, then the Commitments shall terminate on the effective date of such termination or reduction. 

(b) Optional Termination and Reduction of Total Commitment. 

(i) The Borrower may at any time terminate, or from time to time reduce, the Total Commitment; provided that (A) each reduction of
the Total Commitment shall be in an amount that is an integral multiple of $1,000,000 and not less than $2,000,000, (B) the Borrower shall not terminate or reduce the Total Commitment if, after giving effect to any concurrent prepayment of the
Loans in accordance with Section 3.04(c)(i), the total Revolving Credit Exposures would exceed the Total Commitments, and (C) upon any reduction of the Total Commitment, the Commitments shall be automatically reduced (ratably among
the Lenders in accordance with each Lender’s Applicable Percentage) so that they equal the Total Commitment as so reduced. 

  
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 (ii) The Borrower shall notify the Administrative Agent of any election to terminate or
reduce the Total Commitment under Section 2.06(b)(i) at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any
notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section 2.06(b)(ii) shall be irrevocable; provided, however, that such notice of
commitment reduction may state that such termination or reduction is conditioned upon the effectiveness of other credit facilities, the proceeds of which shall be used to repay the Obligations, in which case such notice may be revoked by the
Borrower (by written notice provided to Agent prior to the specified effective date thereof) if such condition is not satisfied. Any termination or reduction of the Total Commitment shall be
permanent and may not be reinstated, except pursuant to Section 2.06(c). Each reduction of the Total Commitment shall be made ratably among the Lenders in accordance with each Lender’s Applicable Percentage. 

(c) Increases, Reductions and Terminations of Total Commitment. 

(i) Subject to the conditions set forth in Section 2.06(c)(ii), the Borrower may increase the Total Commitment then in effect by
(A) increasing the Commitment of a Lender or (B) causing a Person that is acceptable to the Administrative Agent and each Issuing Bank that at such time is not a Lender to become a Lender (any such Person that is not at such time a Lender
and becomes a Lender, an “Additional Lender”), or (C) a combination of the methods described in clauses (A) and (B). 

(ii) Any increase in the Total Commitment shall be subject to the following 

additional conditions: 
 (A) such increase shall
not be less than $25,000,000 unless the Administrative Agent otherwise consents; 
 (B) no Default shall have occurred and be continuing on
the effective date of such increase or would result therefrom; 
 (C) no Lender’s Commitment may be increased without the consent of
such Lender; 
 (D) The representations and warranties of the Borrower and the Guarantors set forth in this Agreement and in the other Loan
Documents shall be true and correct in all material respects on and as of the date of such increase, except (i) to the extent any such representations and warranties are expressly limited to an earlier date, in which case, on and as of the date
of such increase, such representations and warranties shall continue to be true and correct as of such specified earlier date, and (ii) to the extent that any such representation and warranty is expressly qualified by materiality or by
reference to Material Adverse Effect, such representation and warranty (as so qualified) shall continue to be true and correct in all respects; 

(E) the maturity date of such increase shall be the same as the Maturity Date; 

(F) the increase shall be on the exact same terms and pursuant to the exact same documentation applicable to this Agreement (other than with
respect to any arrangement, structuring, upfront or other fees or discounts payable in connection with such increase) (provided that the Applicable Margin of the facility shall be increased to be consistent with that for such increase); 

  
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 (G) the Borrower may seek Commitments, in its sole discretion, from either existing Lenders
or, with the consent of the Administrative Agent and each Issuing Bank (in each case, such consent not to be unreasonably withheld or delayed), from additional banks, financial institutions or other institutional lenders or investors who will become
Lenders hereunder; and 
 (H) no Borrowing Base Deficiency shall exist after giving effect to the increase (provided that, for the
avoidance of doubt, the Borrower may elect to redetermine the Borrowing Base in accordance with Section 2.07(b)(iii) for purposes of satisfying the condition set forth in this Section 2.06(c)(ii)(H); 

(I) if the Borrower elects to increase the Total Commitment by increasing the Commitment of a Lender, the Borrower and such Lender shall
execute and deliver to the Administrative Agent a certificate substantially in the form of Exhibit H (a “Commitment Increase Certificate”); and 

(J) if the Borrower elects to increase the Total Commitment by causing an Additional Lender to become a party to this Agreement, then the
Borrower and such Additional Lender shall execute and deliver to the Administrative Agent a certificate substantially in the form of Exhibit I (an “Additional Lender Certificate”), together with an Administrative
Questionnaire and a processing and recordation fee of $3,500 (provided that the Administrative Agent may, in its discretion, elect to waive such processing and recordation fee in connection with any such increase), and the Borrower shall
(1) if requested by the Additional Lender, deliver a Note payable to such Additional Lender in a principal amount equal to its Commitment, and otherwise duly completed and (2) pay any applicable fees as may have been agreed to between the
Borrower and the Additional Lender, and, to the extent applicable and agreed to by the Borrower, the Administrative Agent. 
 (iii) Subject
to acceptance and recording thereof pursuant to Section 2.06(c)(iv), from and after the effective date specified in the Commitment Increase Certificate or the Additional Lender Certificate (or if any Eurodollar Borrowings are
outstanding, then the last day of the Interest Period in respect of such Eurodollar Borrowings, unless the Borrower has paid any compensation required by Section 5.02): (A) the amount of the Total Commitment shall be increased as
set forth therein, and (B) in the case of an Additional Lender Certificate, any Additional Lender party thereto shall be a party to this Agreement and have the rights and obligations of a Lender under this Agreement and the other Loan
Documents. In addition, the Lender or the Additional Lender, as applicable, shall purchase a pro rata portion of the outstanding Loans (and participation interests in Letters of Credit) of each of the other Lenders (and such Lenders hereby
agree to sell and to take all such further action to effectuate such sale) such that each Lender (including any Additional Lender, if applicable) shall hold its Applicable Percentage of the outstanding Loans (and participation interests) after
giving effect to the increase in the Total Commitment (and the resulting modifications of each Lender’s Commitment pursuant to Section 2.06(c)(iv) or Section 2.06(c)(v)). 

(iv) Upon its receipt of a duly completed Commitment Increase Certificate or an Additional Lender Certificate, executed by the Borrower and
the Lender or by the Borrower and the Additional Lender party thereto, as applicable, the Administrative Questionnaire referred to in Section 2.06(c)(ii) and the break-funding payments from the Borrower, if any, required by
Section 5.02, if applicable, the Administrative Agent shall accept such Commitment Increase Certificate or Additional Lender Certificate and record the information contained therein in the Register required to be maintained by the
Administrative Agent pursuant to Section 12.04(b)(iv). No increase in the Total Commitment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this Section 2.06(c)(iv).

  
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 (v) Upon any increase in the Total Commitment pursuant to this Section 2.06(c),
(A) each Lender’s Commitment shall be automatically deemed amended to the extent necessary so that each such Lender’s Applicable Percentage equals the percentage of the Total Commitment represented by such Lender’s Commitment, in
each case after giving effect to such increase, and (B) Annex I to this Agreement shall be deemed amended to reflect the Commitment of each Lender (including any Additional Lender) as thereby increased, any changes in the Lenders’
Commitments pursuant to the foregoing clause (A), and any resulting changes in the Lenders’ Applicable Percentages. 

(vi) Contemporaneously
with any increase in the Borrowing Base pursuant to this Agreement, if (A) the Borrower elects to increase the Total Commitment Amount and (B) each Lender has consented to such increase in its Commitment, then the Total Commitment Amount
shall be increased (ratably among the Lenders in accordance with each Lender’s Applicable Percentage) by the amount requested by the Borrower (subject to the limitations set forth in
Section 2.06(c)(ii)(A)) without the requirement that any Lender deliver a Commitment Increase Certificate or that the Borrower pay any amounts under Section 5.02, and Annex I shall be deemed amended to reflect such amendments to each
Lender’s Commitment and the Total Commitment. The Administrative Agent shall record the information regarding such increases in the Register required to be maintained by the
Administrative Agent pursuant to Section 12.04(b)(iv). 
 (d)
Automatic Reductions of Total Commitment. 
 (vi) The
Borrower may from time to time terminate or reduce the Total Commitment; provided that (A) each reduction of the Total Commitment shall be in an amount that is an integral multiple of $1,000,000 and not less than
$1,000,000 and (B) the Borrower shall not reduce the Total Commitment if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 3.04(c), the total Revolving Credit Exposures would
exceed the Total Commitment as reduced. 
 (vii) The Borrower shall notify the Administrative Agent of
any election to terminate or reduce the Total Commitment under Section 2.06(c)(vi) at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective
date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section 2.06(c)(vii) shall be
irrevocable. Any termination or reduction of the Total Commitment shall be permanent and may not be reinstated, except pursuant to Section 2.06(c)(i). Each reduction of the Total Commitment shall be made ratably among the
Lenders in accordance with each Lender’s Applicable Percentage. 

(viiii) Upon any redetermination or other adjustment in the
Borrowing Base pursuant to this Agreement that would otherwise result in the difference between (A) the Borrowing Base and (B) total Term Loan Exposures at such time becoming less than the Total Commitment, the Total Commitment shall be
automatically reduced (ratably among the Lenders in accordance with each Lender’s Applicable Percentage) so that they equal such difference (and Annex I shall be deemed amended to reflect such amendments to each Lender’s Commitment
and the Total Commitment). Any such reduction of the Total Commitment shall be permanent and may not be reinstated, except pursuant to Section 2.06(c). 

(ix) Contemporaneously with any increase in the Borrowing Base pursuant to this Agreement, if (A) the Borrower
elects to increase ii) On February 29, 2020, the Total Commitment Amount and (B) each Lender has
consented to such increase in its Commitment, then the Total Commitment Amount shall be increasedshall be automatically reduced to $120,000,000 and the Commitments shall be
automatically reduced (ratably among the Lenders in accordance with each Lender’s Applicable Percentage) by the amount requested by the Borrower (subject to the limitations set forth in Section 2.06(c)(ii)(A)) without the
requirement that any Lender deliver a Commitment Increase Certificate or that the Borrower pay any amounts under Section 5.02, so that they equal the
Total 

  
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 Commitment as so reduced ( and Annex I
shall be deemed amended to reflect such amendments to each Lender’s Commitment and the Total Commitment). The Administrative Agent shall record the information regarding such
increases in the Register required to be maintained by the Administrative Agent Such reduction of the Total Commitment shall be permanent and may not be reinstated, except pursuant
to Section 12.042.06(b)(ivc). 

Section 2.07 Borrowing Base. 

(a) Initial Borrowing Base. During a Borrowing Base Period, this Agreement shall be subject to a Borrowing Base. For the period from and
including the Effective Date to but excluding the first Redetermination Date thereafter, the amount of the Borrowing Base shall be $1,200,000,000. Notwithstanding the foregoing, the Borrowing Base may be subject to further adjustments from time to
time pursuant to Section 9.11. 
 (b) Scheduled and Interim Redeterminations. During a Borrowing Base Period, the
Borrowing Base shall be redetermined in accordance with this Section 2.07 (each such redetermination, a “Scheduled Redetermination”) based on the Reserve Reports prepared as of the following dates: 

July 1, 2017 and each July 1 thereafter 

January 1, 2018 and each January 1 thereafter 

In addition, (i) the Borrower may elect to cause, by notifying the Administrative Agent thereof, and the Administrative Agent shall cause,
at the election and direction of the Required Lenders, by notifying the Borrower thereof, one time between Scheduled Redeterminations, the Borrowing Base to be redetermined between Scheduled Redeterminations, (ii) upon any Additional Interim
Redetermination Event, the Administrative Agent shall, at the election and direction of the Majority Lenders, by notifying the Borrower thereof, cause the Borrowing Base to be redetermined between Scheduled Redeterminations, and (iii) the
Borrower may elect, by notifying the Administrative Agent of any acquisition of Oil and Gas Properties by the Borrower or any other Credit Party with a purchase price in the aggregate of at least five percent (5%) of the then effective
Borrowing Base, to cause the Borrowing Base to be redetermined between Scheduled Redeterminations. Each redetermination of the Borrowing Base pursuant to the immediately preceding sentence is referred to herein as an “Interim
Redetermination” and shall be effectuated in accordance with this Section 2.07. 
 (c) Scheduled and Interim
Redetermination Procedure. 
 (i) Each Scheduled Redetermination and each Interim Redetermination shall be effectuated as follows: Upon
receipt by the Administrative Agent of the Reserve Report and the certificate required to be delivered by the Borrower to the Administrative Agent, in the case of a Scheduled Redetermination, pursuant to Section 8.12(a) and (d),
and, in the case of an Interim Redetermination, pursuant to Section 8.12(c) and (d), and such other reports, data and supplemental information, including the information provided pursuant to Section 8.12(c), as may,
from time to time, be reasonably requested by the Required Lenders (the Reserve Report, such certificate and such other reports, data and supplemental information being the “Engineering Reports”), the Administrative Agent shall
evaluate the information contained in the Engineering Reports and shall, in good faith, propose a new Borrowing Base (the “Proposed Borrowing Base”) based upon such information and such other information (including, without
limitation, the status of title information with respect to the Oil and Gas Properties as described in the Engineering Reports and the existence of any other Debt) as the Administrative Agent deems appropriate in its sole discretion and consistent
with its normal oil and gas lending criteria as it exists at the particular time. 

  
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 (ii) The Administrative Agent shall notify the Borrower and the Lenders of the Proposed
Borrowing Base (the “Proposed Borrowing Base Notice”): 
 (A) in the case of a Scheduled Redetermination (1) if the
Administrative Agent shall have received the Engineering Reports required to be delivered by the Borrower pursuant to Section 8.12(a) and (d) in a timely and complete manner, then, on or before each March 15 and
September 15 (or such date promptly thereafter as reasonably practicable) of each year following the date of delivery or (2) if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the
Borrower pursuant to Section 8.12(a) and (d) in a timely and complete manner, then promptly after the Administrative Agent has received complete Engineering Reports from the Borrower and has had a reasonable opportunity to
determine the Proposed Borrowing Base in accordance with Section 2.07(c)(i); and 
 (B) in the case of an Interim
Redetermination, promptly, and in any event, within fifteen (15) days after the Administrative Agent has received the required Engineering Reports. 

(iii) (A) Any Proposed Borrowing Base that would increase the Borrowing Base then in effect must be approved or deemed to have been approved
by all of the Lenders and (B) any Proposed Borrowing Base that would decrease or maintain the Borrowing Base then in effect must be approved or be deemed to have been approved by the Decrease and Maintenance Lenders, in each case, (x) in each
Lender’s sole discretion consistent with its normal oil and gas lending criteria as it exists at the particular time and (y) as provided in this Section 2.07(c)(iii). Upon receipt of the Proposed Borrowing Base Notice, each
Lender shall have fifteen (15) days to agree with the Proposed Borrowing Base or disagree with the Proposed Borrowing Base by proposing an alternate Borrowing Base. If at the end of such fifteen (15) days, any Lender has not communicated
its approval or disapproval in writing to the Administrative Agent, such silence shall be deemed to be an approval of the Proposed Borrowing Base. If, at the end of such 15-day period, all of the Lenders, in the case of a Proposed Borrowing Base
that would increase the Borrowing Base then in effect, or the Decrease and Maintenance Lenders, in the case of a Proposed Borrowing Base that would decrease or maintain the Borrowing Base then in effect, have approved or deemed to have approved, as
aforesaid, then the Proposed Borrowing Base shall become the new Borrowing Base, effective on the date specified in Section 2.07(d). If, however, at the end of such 15-day period, all of the Lenders or the Decrease and Maintenance
Lenders, as applicable, have not approved or deemed to have approved, as aforesaid, then the Administrative Agent shall poll the Lenders to ascertain the highest Borrowing Base then acceptable to a number of Lenders sufficient to constitute the
Decrease and Maintenance Lenders and, so long as such amount does not increase the Borrowing Base then in effect, such amount shall become the new Borrowing Base, effective on the date specified in Section 2.07(d). 

(d) Effectiveness of a Redetermined Borrowing Base. After a redetermined Borrowing Base is approved or is deemed to have been approved
by all of the Lenders or the Decrease and Maintenance Lenders, as applicable, pursuant to Section 2.07(c)(iii) or adjusted pursuant to Section 9.11, the Administrative Agent shall notify the Borrower and the Lenders of the
amount of the redetermined Borrowing Base (the “New Borrowing Base Notice”), and such amount shall become the new Borrowing Base, effective and applicable to the Borrower, the Administrative Agent, the Issuing Bank and the Lenders:

 (i) in the case of a Scheduled Redetermination, if the Administrative Agent shall have received the Engineering Reports required to be
delivered by the Borrower pursuant to Section 8.12(a) and (d) in a timely and complete manner, then on or before October 1, 2017 and thereafter each April 1 or October 1, as applicable, following such notice
(or, in each case, such date promptly thereafter as reasonably practicable), or if the Administrative Agent shall not have received the Engineering Reports required to be delivered by the Borrower pursuant to Section 8.12(a) and
(d) in a timely and complete manner, then on the Business Day next succeeding delivery of such notice; and 

  
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 (ii) in the case of an Interim Redetermination, on the Business Day next succeeding
delivery of such notice. 
 Such amount shall then become the Borrowing Base until the next Scheduled Redetermination Date, the next Interim Redetermination
Date or the next adjustment to the Borrowing Base under Section 9.11, whichever occurs first. Notwithstanding the foregoing, no Scheduled Redetermination, Interim Redetermination or adjusted Borrowing Base shall become effective until
the New Borrowing Base Notice related thereto is received by the Borrower. 
 Section 2.08 Letters of Credit. 

(a) General. Subject to the terms and conditions set forth herein, the Borrower may request the issuance of dollar denominated Letters
of Credit for its own account or for the account of any of its Restricted Subsidiaries, in a form reasonably acceptable to the Administrative Agent and the Issuing Bank, at any time and from time to time during the Availability Period;
provided that the Borrower may not request the issuance, amendment, renewal or extension of Letters of Credit hereunder if a Borrowing Base Deficiency exists at such time or would exist as a result thereof. The aggregate amount of the
outstanding Letters of Credit issued by any Issuing Bank shall not exceed such Issuing Bank’s LC Issuance Limit and the aggregate amount of all outstanding Letters of Credit issued by all Issuing Banks shall not exceed the LC Commitment. Each
Letter of Credit shall be in a minimum face amount of Twenty-Five Thousand Dollars ($25,000) (or such lesser amount as may be agreed to by Issuing Bank). In the event of any inconsistency between the terms and conditions of this Agreement and the
terms and conditions of any form of letter of credit application or other agreement submitted by the Borrower to, or entered into by the Borrower with, the Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement
shall control. 
 (b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of a Letter of
Credit (or the amendment, renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or facsimile (or transmit by electronic communication, if arrangements for doing so have been approved by the Issuing Bank) to the
Issuing Bank and the Administrative Agent (not less than five (5) Business Days in advance of the requested date of issuance, amendment, renewal or extension) a notice: 

(i) requesting the issuance of a Letter of Credit or identifying the Letter of Credit to be amended, renewed or extended; 

(ii) specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day); 

(iii) specifying the date on which such Letter of Credit is to expire (which shall comply with Section 2.08(c)); 

(iv) specifying the amount of such Letter of Credit; 

(v) specifying the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or
extend such Letter of Credit; and 

  
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 (vi) specifying the amount of the then effective Borrowing Base and the then effective
Total Commitment and whether a Borrowing Base Deficiency exists at such time, the current total Revolving Credit Exposures and Total Exposure (without regard to the requested Letter of Credit or the requested amendment, renewal or extension of an
outstanding Letter of Credit) and the pro forma total Revolving Credit Exposures and Total Exposure (giving effect to the requested Letter of Credit or the requested amendment, renewal or extension of an outstanding Letter of Credit). 

Each notice shall constitute a representation and warranty by the Borrower that after giving effect to the requested issuance, amendment, renewal or
extension, as applicable, (A) the LC Exposure shall not exceed the LC Commitment, (B) the aggregate amount of outstanding Letters of Credit issued by the applicable Issuing Bank does not exceed the LC Issuance Limit of such Issuing Bank,
and (C) the total Revolving Credit Exposures shall not exceed the Loan Limit. No letter of credit issued by the Issuing Bank (if the Issuing Bank is not the Administrative Agent) shall be deemed to be a “Letter of Credit” issued under
this Agreement unless the Issuing Bank has requested and received written confirmation from the Administrative Agent that the representations by Borrower contained in clauses (A) and (C) of the immediately preceding sentence are true and
correct). 
 If requested by the Issuing Bank, the Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in
connection with any request for a Letter of Credit; provided that, in the event of any conflict between such application and the terms of this Agreement, the terms of this Agreement shall control. 

(c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one
year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension), and (ii) the date that is five Business Days prior to the Maturity Date. Each Letter
of Credit with a one (1) year term may provide for the renewal thereof for additional one (1) year periods; provided that no such period shall extend beyond the date described in clause (ii) above. 

(d) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and
without any further action on the part of the Issuing Bank or the Lenders, the Issuing Bank hereby grants to each Lender, and each Lender hereby acquires from the Issuing Bank, a participation in such Letter of Credit equal to such Lender’s
Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for
the account of the Issuing Bank, such Lender’s Applicable Percentage of each LC Disbursement made by the Issuing Bank and not reimbursed by the Borrower on the date due as provided in Section 2.08(e), or of any reimbursement payment
required to be refunded to the Borrower for any reason. Each Lender acknowledges and agrees that its obligation to acquire participations pursuant to this Section 2.08(d) in respect of Letters of Credit is absolute and unconditional and
shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default, the existence of a Borrowing Base Deficiency or reduction or termination of
the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. 
 (e)
Reimbursement. If the Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement not later than
12:00 noon, New York City time, on the date that such LC Disbursement is made, if the Borrower shall have received notice of such LC Disbursement prior to 10:00 a.m., New York City time, on such date, or, if such notice has not been received by the
Borrower prior to such time on such date, then not later than 12:00 noon, New York 

  
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 City time, on (i) the Business Day that the Borrower receives such notice, if such notice is received
prior to 10:00 a.m., New York City time, on the day of receipt, or (ii) the Business Day immediately following the day that the Borrower receives such notice, if such notice is not received prior to such time on the day of receipt;
provided that, unless the Borrower has notified the Administrative Agent that it intends to reimburse all or part of such LC Disbursement without using Loan proceeds or has submitted a Borrowing Request with respect thereto, the Borrower
shall, subject to the conditions to Borrowing set forth herein, be deemed to have requested, and the Borrower does hereby request under such circumstances, that such payment be financed with an ABR Borrowing in an equivalent amount and, to the
extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Borrowing. If the Borrower fails to make such payment when due, the Administrative Agent shall notify each Lender of the
applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such Lender’s Applicable Percentage thereof. Promptly following receipt of such notice, each Lender shall pay to the Administrative Agent its Applicable
Percentage of the payment then due from the Borrower, in the same manner as provided in Section 2.05 with respect to Loans made by such Lender (and Section 2.05 shall apply, mutatis mutandis, to the payment obligations
of the Lenders), and the Administrative Agent shall promptly pay to the Issuing Bank the amounts so received by it from the Lenders. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this
Section 2.08(e), the Administrative Agent shall distribute such payment to the Issuing Bank or, to the extent that Lenders have made payments pursuant to this Section 2.08(e) to reimburse the Issuing Bank, then to such
Lenders and the Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to this Section 2.08(e) to reimburse the Issuing Bank for any LC Disbursement (other than the funding of ABR Loans as contemplated above)
shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement. 
 (f) Obligations
Absolute. The Borrower’s obligation to reimburse LC Disbursements as provided in Section 2.08(e) shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement
under any and all circumstances whatsoever and irrespective of any lack of validity or enforceability of any Letter of Credit, any Letter of Credit Agreement or this Agreement, or any term or provision therein, any draft or other document presented
under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, payment by the Issuing Bank under a Letter of Credit against presentation of a draft or other
document that does not comply with the terms of such Letter of Credit or any Letter of Credit Agreement, or any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this
Section 2.08(f), constitute a legal or equitable discharge of, or provide a right of setoff against, the Borrower’s obligations hereunder. Neither the Administrative Agent, the Lenders nor the Issuing Bank, nor any of their Related
Parties shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in
the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing
thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of the Issuing Bank; provided that the foregoing shall not be construed to excuse the Issuing Bank from liability to the
Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by the Issuing
Bank’s failure to exercise due care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof or by the Issuing Bank’s gross negligence or willful misconduct. In furtherance of the
foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, 

  
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 the Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without
responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 

(g) Disbursement Procedures. The Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to
represent a demand for payment under a Letter of Credit. The Issuing Bank shall promptly notify the Administrative Agent and the Borrower by telephone (confirmed by facsimile) of such demand for payment and whether the Issuing Bank has made or will
make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse the Issuing Bank and the Lenders with respect to any such LC Disbursement. 

(h) Interim Interest. If the Issuing Bank shall make any LC Disbursement, then, until the Borrower shall have reimbursed the Issuing
Bank for such LC Disbursement (either with its own funds or a Borrowing under Section 2.08(e)), the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the
date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Loans. Interest accrued pursuant to this Section 2.08(h) shall be for the account of the Issuing Bank, except that interest
accrued on and after the date of payment by any Lender pursuant to Section 2.08(e) to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment. 

(i) Replacement of the Issuing Bank. The Issuing Bank may be replaced at any time by written agreement among the Borrower, the
Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of the Issuing Bank. At the time any such replacement shall become effective, the Borrower
shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 3.05(b). From and after the effective date of any such replacement, the successor Issuing Bank shall have all the rights and obligations
of the Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such
successor and all previous Issuing Banks, as the context shall require. After the replacement of the Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall continue to have all the rights and obligations of the
Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit. Schedule 1.02 shall be amended upon the written agreement of the
Borrower, the Administrative Agent and any successor Issuing Bank to set forth such Issuing Bank’s LC Issuance Limit, and no successor Issuing Bank shall be an “Issuing Bank” hereunder until such amendment is effective. 

(j) Cash Collateralization. 

(i) If the Borrower is required to Cash Collateralize the excess attributable to an LC Exposure in connection with any prepayment pursuant to
Section 3.04(c), or the Borrower is required to Cash Collateralize a Defaulting Lender’s LC Exposure pursuant to Section 4.05(a)(v), then the Borrower shall Cash Collateralize such LC Exposure or the excess attributable
to such LC Exposure, as the case may be, as of such date. In addition, if the Commitments are terminated or the Loans become due and payable pursuant to Section 10.02(a) or the Loans are not paid in full on the Maturity Date, then the
Borrower shall deposit, in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders, an amount in cash equal to the LC Exposure. 

  
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 (ii) The Borrower, and to the extent provided by any Defaulting Lender, such Defaulting
Lender, hereby grants to the Administrative Agent, for the benefit of the Issuing Bank and the Lenders, a security interest in and Lien on each account (a “Collateral Account”) in which the Borrower has Cash Collateralized any
obligation hereunder and all cash, checks, drafts, certificates and instruments, if any, from time to time deposited or held in such account, all deposits or wire transfers made thereto, any and all investments purchased with funds deposited in such
account, all interest, dividends, cash, instruments, financial assets and other Property from time to time received, receivable or otherwise payable in respect of, or in exchange for, any or all of the foregoing, and all proceeds, products,
accessions, rents, profits, income and benefits therefrom, and any substitutions and replacements therefor (collectively, the “Cash Collateral”). The Borrower, and to the extent granted by any Defaulting Lender, such Defaulting
Lender, agrees to maintain, or cause to be maintained, such security interest as an exclusive first priority and continuing perfected security interest. If at any time the Administrative Agent determines that Cash Collateral is subject to any right
or claim of any Person other than the Administrative Agent and the Issuing Bank as herein provided (other than Permitted Liens), or that the total amount of such Cash Collateral is less than the minimum collateral amount required hereunder, the
Borrower will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash Collateral provided by the
Defaulting Lender). 
 (iii) The Borrower’s obligation to Cash Collateralize pursuant to this Section 2.08(j) shall be
absolute and unconditional, without regard to whether any beneficiary of any Letter of Credit has attempted to draw down all or a portion of such amount under the terms of a Letter of Credit, and, to the fullest extent permitted by applicable law,
shall not be subject to any defense or be affected by a right of set-off, counterclaim or recoupment which the Borrower or any Restricted Subsidiary may now or hereafter have against any such beneficiary, the Issuing Bank, the Administrative Agent,
the Lenders or any other Person for any reason whatsoever. 
 (iv) Each Collateral Account and all Cash Collateral shall secure the payment
and performance of the Borrower’s and the Guarantors’ Obligations under this Agreement and the other Loan Documents. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over each
Collateral Account and the Cash Collateral. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent and at the Borrower’s risk and expense,
such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in each Collateral Account. Moneys in such account shall be applied by the Administrative Agent to reimburse the Issuing Bank for LC
Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of the Loans has been
accelerated, be applied to satisfy other obligations of the Borrower and the Guarantors under this Agreement or the other Loan Documents. If the Borrower is required to Cash Collateralize hereunder in connection with any prepayment pursuant to
Section 3.04(c), then such Cash Collateral will be returned to the Borrower promptly after the Total Exposure ceases to exceed the Borrowing Base. If the Borrower is required to Cash Collateralize hereunder pursuant to
Section 4.05(a)(v), then such Cash Collateral shall no longer be required to be held as Cash Collateral pursuant to this Section 2.08(j) following the elimination or reduction of the applicable Fronting Exposure (including by
the termination of Defaulting Lender status of the applicable Lender) such that there exists excess Cash Collateral; provided that, subject to Section 4.05 the Person providing Cash Collateral and the Issuing Bank may agree that
Cash Collateral shall be held to support future anticipated Fronting Exposure or other obligations, and provided further that to the extent that such Cash Collateral was provided by the Borrower, such Cash Collateral shall be returned to the
Borrower but shall remain subject to the security interest granted pursuant to the Loan Documents. If the Borrower is required to Cash Collateralize hereunder pursuant to the final sentence of Section 2.08(j)(i), then such Cash
Collateral shall be returned to the Borrower within three Business Days after the LC Exposure has been reduced to zero. 

  
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 ARTICLE III 

PAYMENTS OF PRINCIPAL AND INTEREST; PREPAYMENTS; FEES 

Section 3.01 Repayment of Loans. The Borrower hereby unconditionally promises to pay to the Administrative Agent for the
account of each Lender the then unpaid principal amount of each Loan on the Termination Date. 
 Section 3.02 Interest.

 (a) ABR Loans. The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable
Margin for ABR Borrowings, but in no event to exceed the Highest Lawful Rate. 
 (b) Eurodollar Loans. The Loans comprising each
Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin for Eurodollar Borrowings, but in no event to exceed the Highest Lawful Rate. 

(c) Post-Default Rate. Notwithstanding the foregoing, if (i) an Event of Default specified in Section 10.01(a),
10.01(b), 10.01(h) or 10.01(i) has occurred and is continuing, or (ii) the Required Lenders so elect (or direct the Administrative Agent to so elect) in connection with the occurrence and continuance of any other Event of
Default, then in each case all Loans outstanding shall bear interest, after as well as before judgment, at a rate per annum equal to two percent (2%) plus the rate otherwise applicable to such Loans (including the Applicable
Margin applicable with respect to such Loans), but in no event to exceed the Highest Lawful Rate. 
 (d) Interest Payment Dates.
Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and on the Termination Date; provided that interest accrued pursuant to Section 3.02(c) shall be payable on demand. In the event
of any repayment or prepayment of any Loan (other than an optional prepayment of an ABR Loan prior to the Termination Date), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment, and
in the event of any conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion. 

(e) Interest Rate Computations. All interest hereunder shall be computed on the basis of a year of 360 days, unless such computation
would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), except that interest computed by reference to the Alternate Base Rate at times when the Alternate Base
Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The
applicable Alternate Base Rate, Adjusted LIBO Rate or LIBO Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error, and be binding upon the parties hereto. 

  
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 Section 3.03 Alternate Rate of Interest. If prior to the commencement of
any Interest Period for a Eurodollar Borrowing: 
 (a) the Administrative Agent determines (which determination shall be conclusive absent
manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate for such Interest Period; or 

(b) the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate or LIBO Rate, as applicable, for such Interest
Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing for such Interest Period; 

then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by telephone or facsimile as promptly as practicable thereafter and,
until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing
as, a Eurodollar Borrowing shall be ineffective, and if any Borrowing Request requests a Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing. 

Section 3.04 Prepayments. 

(a) Optional Prepayments. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in
part, subject to prior notice in accordance with Section 3.04(b). 
 (b) Notice and Terms of Optional Prepayment. The
Borrower shall notify the Administrative Agent by telephone (confirmed by facsimile) of any optional prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 12:00 noon, New York City time, three Business
Days before the date of prepayment, or (ii) in the case of prepayment of an ABR Borrowing, not later than 12:00 noon, New York City time, one Business Day before the date of prepayment. Each such notice shall specify the prepayment date and the
principal amount of each Borrowing or portion thereof to be prepaid. Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each such partial prepayment of
any Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each such prepayment of a Borrowing shall be applied ratably to the Loans included in the
prepaid Borrowing and shall be accompanied by accrued interest to the extent required by Section 3.02. 
 (c) Mandatory
Prepayments. 
 (i) If, after giving effect to any termination or reduction in the Total Commitment pursuant to
Section 2.06(c), the total Revolving Credit Exposures exceed the Loan Limit, then the Borrower shall prepay the Borrowings on the date of such termination or reduction in an aggregate principal amount equal to such excess, and if any
excess remains after prepaying all of the Borrowings as a result of an LC Exposure, Cash Collateralize such excess as provided in Section 2.08(j). 

  
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 (ii) Other than as provided for pursuant to Sections 3.04(c)(i), 3.04(c)(iii)
and 3.04(c)(iv), upon the occurrence of a Borrowing Base Deficiency, the Borrower shall eliminate such Borrowing Base Deficiency in its entirety by electing (with written notice to the Administrative Agent) within ten (10) Business Days
following the occurrence of such Borrowing Base Deficiency to take one or more of the following actions: 
 (A) within thirty days after the
notice given pursuant to this Section 3.04(c), prepaying the Borrowings, and if any excess remains after prepaying all of the Borrowings as a result of an LC Exposure, Cash Collateralizing such excess as provided in
Section 2.08(j); 
 (B) within thirty days after the notice given pursuant to this Section 3.04(c), adding
additional Oil and Gas Properties of the Borrower and the other Credit Parties to the Reserve Report (and, if required under Section 8.14, mortgaging additional Oil and Gas Properties in compliance with the requirements of
Section 8.14) that, in each case, are acceptable to the Administrative Agent and the Lenders and would result in an increase to the Borrowing Base; or 

(C) within thirty days after the notice given pursuant to this Section 3.04(c), electing to make (and thereafter paying in
accordance with such election) six equal monthly payments that collectively prepay the Borrowings until such excess is reduced to zero (and if any excess remains after prepaying all of the Borrowings as a result of an LC Exposure, Cash Collateralize
such excess as provided in Section 2.08(j)), with the first such payment being due and payable within such thirty days and each subsequent payment being due and payable on the same day in each of the subsequent calendar months; 

provided that all payments required to be made pursuant to this Section 3.04(c)(ii) must be made on or prior to the Termination Date. 

(iii) Upon any adjustment to the Borrowing Base pursuant to Section 9.11, if the Total Exposure exceeds the Borrowing Base as
adjusted, then the Borrower shall prepay the Borrowings in an aggregate principal amount equal to such excess and if any excess remains after prepaying all of the Borrowings as a result of an LC Exposure, Cash Collateralize such excess as provided
in Section 2.08(j). The Borrower shall be obligated to make such prepayment and/or Cash Collateralize such excess on the third (3rd) Business Day after it receives the applicable New Borrowing Base Notice in accordance with
Section 2.07(d); provided that all payments required to be made pursuant to this Section 3.04(c)(iii) must be made on or prior to the Termination Date. 

(iv) If on any date, a Borrowing Base Deficiency results from the addition of PIK Interest (as defined in the Term Loan Agreement) to the
Total Exposure, then on the date such Borrowing Base Deficiency occurs, the Borrower shall prepay the Borrowings in an aggregate principal amount equal to such Borrowing Base Deficiency and if any excess remains after prepaying all of the Borrowings
as a result of an LC Exposure, Cash Collateralize such excess as provided in Section 2.08(j). 
 (v) Each prepayment of
Borrowings pursuant to this Section 3.04(c) shall be applied, first, ratably to any ABR Borrowings then outstanding, and, second, to any Eurodollar Borrowings then outstanding, and if more than one Eurodollar Borrowing is
then outstanding, to each such Eurodollar Borrowing in order of priority beginning with the Eurodollar Borrowing with the least number of days remaining in the Interest Period applicable thereto and ending with the Eurodollar Borrowing with the most
number of days remaining in the Interest Period applicable thereto. 
 (vi) Each prepayment of Borrowings pursuant to this
Section 3.04(c) shall be applied ratably to the Loans included in the prepaid Borrowings. Prepayments pursuant to this Section 3.04(c) shall be accompanied by accrued interest to the extent required by
Section 3.02. 
 (d) No Premium or Penalty. All prepayments permitted or required under this Section 3.04
shall include breakage expense, if any, required under Section 5.02 and shall be without premium or penalty. 

  
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 Section 3.05 Fees. 

(a) Commitment Fees. Except as otherwise provided in Section 4.05(a)(iii), the Borrower agrees to pay to the Administrative
Agent for the account of each Lender a commitment fee, which shall accrue at the applicable Commitment Fee Rate on the average daily amount of the unused amount of the Commitment of such Lender during the period from and including the date of this
Agreement to but excluding the Termination Date. Accrued commitment fees shall be payable in arrears on the last day of March, June, September and December of each year and on the Termination Date, commencing on the first such date to occur after
the date hereof. All commitment fees shall be computed on the basis of a year of 360 days, unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a
leap year), and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 
 (b) Letter
of Credit Fees. The Borrower agrees to pay to the Administrative Agent for the account of each Lender a participation fee with respect to its participations in Letters of Credit, which shall accrue at the same Applicable Margin used to determine
the interest rate applicable to Eurodollar Loans on the average daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the date of this
Agreement to but excluding the later of the date on which such Lender’s Commitment terminates and the date on which such Lender ceases to have any LC Exposure. The Borrower also agrees to pay to the Issuing Bank, for its own account,(i) a
fronting fee, which shall be payable at issuance of each Letter of Credit in an amount equal to 0.125% of the face amount of such Letter of Credit (which, for purposes of this clause (i), shall mean the maximum face amount of such Letter of Credit
after giving effect to all provisions in such Letter of Credit providing for future automatic increases in the amount that may be drawn under such Letter of Credit) and (ii) the Issuing Bank’s standard fees with respect to the issuance,
amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation fees accrued through and including the last day of March, June, September and December of each year shall be payable on the third Business
Day following such last day, commencing on the first such date to occur after the date of this Agreement; provided that all such fees shall be payable on the Termination Date and any such fees accruing after the Termination Date shall be
payable on demand. Any other fees payable to the Issuing Bank pursuant to this Section 3.05(b) shall be payable within 10 days after demand. All participation fees shall be computed on the basis of a year of 360 days, unless such
computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and shall be payable for the actual number of days elapsed (including the first day but
excluding the last day). 
 (c) Administrative Agent Fees. The Borrower agrees to pay to the Administrative Agent, for its own
account, fees payable in the amounts and at the times separately agreed upon between the Borrower and the Administrative Agent in the Fee Letters. 

ARTICLE IV 
 PAYMENTS;
PRO RATA TREATMENT; SHARING OF SET-OFFS 
 Section 4.01 Payments Generally; Pro Rata Treatment; Sharing of Set-offs.

 (a) Payments by the Borrower. The Borrower shall make each payment required to be made by it hereunder (whether of principal,
interest, fees or reimbursement of LC Disbursements, or of amounts payable under Section 5.01, Section 5.02, Section 5.03 or otherwise) prior to 12:00 noon, New York City time, on the date when due, in immediately
available funds, without defense, deduction, recoupment, set-off or counterclaim. Fees, once paid, shall be fully earned and shall not be refundable under any circumstances, absent manifest error. Any amounts received after such time on any date
may, 

  
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in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to
the Administrative Agent at its offices specified in Section 12.01, except payments to be made directly to the Issuing Bank as expressly provided herein and except that payments pursuant to Section 5.01,
Section 5.02, Section 5.03 and Section 12.03 shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other Person
to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment
accruing interest, interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in dollars. 

(b) Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Administrative Agent to
pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in
accordance with the amounts of interest and fees then due to such parties, and second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the
amounts of principal and unreimbursed LC Disbursements then due to such parties. 
 (c) Sharing of Payments by Lenders. If any Lender
shall, by exercising any right of set-off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Loans or participations in LC Disbursements resulting in such Lender receiving payment of a greater
proportion of the aggregate amount of its Loans and participations in LC Disbursements and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face
value) participations in the Loans and participations in LC Disbursements of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal
of and accrued interest on their respective Loans and participations in LC Disbursements; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such
participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this Section 4.01(c) shall not be construed to apply to any payment made by the Borrower
pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements to any assignee or
participant, other than to the Borrower or any Restricted Subsidiary thereof (as to which the provisions of this Section 4.01(c) shall apply). The Borrower consents to the foregoing and agrees, to the extent it may effectively do so
under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct
creditor of the Borrower in the amount of such participation. 
 Section 4.02 Presumption of Payment by the Borrower.
Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or the Issuing Bank that the Borrower will not make such payment,
the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the Issuing Bank, as the case may be, the amount due. In such
event, if the Borrower has not in fact made such payment, then each of the Lenders or the Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing
Bank with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation. 

  
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 Section 4.03 Deductions by the Administrative Agent. 

(a) Certain Deductions by the Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to
Section 2.05(b), Section 2.08(d), Section 2.08(e) or Section 4.02, or otherwise hereunder, then the Administrative Agent may, in its sole discretion (notwithstanding any contrary provision hereof),
(i) apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid or (ii) hold any such
amounts in a segregated account as cash collateral for, and application to, any future funding obligations of such Lender hereunder, in the case of each of (i) and (ii) above, in any order as determined by the Administrative Agent in its
discretion. 
 (b) Payments to Defaulting Lenders. If a Defaulting Lender (or a Lender who would be a Defaulting Lender but for the
expiration of the relevant grace period) as a result of the exercise of a set-off shall have received a payment in respect of its Revolving Credit Exposure which results in its Revolving Credit Exposure being less than its Applicable Percentage of
the aggregate Revolving Credit Exposures, then (i) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 4.05 and, pending such
payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders, and (ii) no payments will be made to such Defaulting Lender until such time as
such Defaulting Lender shall have complied with Section 4.05, and all amounts due and owing to the Lenders have been equalized in accordance with each Lender’s respective pro rata share of the Obligations. Further, if at any
time prior to the acceleration or maturity of the Loans, the Administrative Agent shall receive any payment in respect of principal of a Loan or a reimbursement of an LC Disbursement while one or more Defaulting Lenders shall be party to this
Agreement, the Administrative Agent shall apply such payment first to the Borrowing(s) for which such Defaulting Lender(s) shall have failed to fund its pro rata share until such time as such Borrowing(s) are paid in full or each Lender
(including each Defaulting Lender) is owed its Applicable Percentage of all Loans then outstanding. After acceleration or maturity of the Loans, subject to the first sentence of this Section 4.03(b), all principal will be paid ratably as
provided in Section 10.02(c). 
 Section 4.04 Collection of Proceeds of Production. The Security Instruments
contain an assignment by the Borrower and/or the Guarantors to and in favor of the Collateral Agent for the benefit of the Secured Parties of all of the Borrower’s or each Guarantor’s interest in and to production and all proceeds
attributable thereto which may be produced from or allocated to the Mortgaged Property. The Security Instruments further provide in general for the application of such proceeds to the satisfaction of the Obligations and other obligations described
therein and secured thereby. Notwithstanding the assignment contained in such Security Instruments, unless an Event of Default has occurred and is continuing, the Administrative Agent and the Lenders will neither notify the purchaser or purchasers
of such production nor take any other action to cause such proceeds to be remitted to the Collateral Agent, the Administrative Agent or the Lenders, but the Lenders will instead permit such proceeds to be paid to the Borrower and the other Credit
Parties and the Lenders hereby authorize the Administrative Agent or the Collateral Agent to take such actions as may be necessary to cause such proceeds to be paid to the Borrower and the other Credit Parties. 

  
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 Section 4.05 Defaulting Lenders. 

(a) Defaulting Lender Adjustments. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting
Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender, to the extent not prohibited by applicable law: 

(i) Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect
to this Agreement shall be restricted as set forth in the definitions of Required Lenders, Decrease and Maintenance Lenders, Majority Lenders and Super-Majority Lenders and in Section 12.02(b). 

(ii) Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for
the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article X or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 12.08 shall be applied at
such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata
basis of any amounts owing by such Defaulting Lender to any Issuing Bank hereunder; third, to Cash Collateralize the Issuing Bank’s Fronting Exposure with respect to such Defaulting Lender in accordance with Section 2.08(j);
fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined
by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future
funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize the Issuing Bank’s future LC Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in
accordance with Section 2.08(j); sixth, to the payment of any amounts owing to the Lenders or Issuing Bank as a result of any judgment of a court of competent jurisdiction obtained by any Lender or the Issuing Bank against such
Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any
judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as
otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or LC Disbursements in respect of which such Defaulting Lender has not fully funded its
appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 6.02 or Section 6.03, as applicable, were satisfied or waived, such payment
shall be applied solely to pay the Loans of, and LC Disbursements owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, and LC Disbursements owed to, such Defaulting Lender until such
time as all Loans and funded and unfunded participations in Letters of Credit are held by the Lenders pro rata in accordance with the Commitments without giving effect to Section 4.05(a)(iv). Any payments, prepayments or other
amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 4.05(a) shall be deemed paid to and redirected by such Defaulting
Lender, and each Lender irrevocably consents hereto. 
 (iii) Certain Fees. 

(A) No Defaulting Lender shall be entitled to receive any commitment fee pursuant to Section 3.05(a) for any period during which
that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender). 

  
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 (B) Each Defaulting Lender shall be entitled to receive Letter of Credit Fees pursuant to
Section 3.05(b) for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Applicable Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to
Section 2.08(j). 
 (C) With respect to any Letter of Credit Fee not required to be paid to any Defaulting Lender pursuant to
clause (iii)(B) above, the Borrower shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in Letters of Credit that has
been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to Issuing Bank the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuing Bank’s Fronting
Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount of any such fee. 
 (iv) Reallocation of
Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in Letters of Credit shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Percentages
(calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that (x) the conditions set forth in Section 6.02 are satisfied at the time of such reallocation (and, unless the Borrower shall have
otherwise notified the Administrative Agent at such time, the Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause the aggregate Revolving Credit
Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment. Subject to Section 12.19, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a
Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation. 

(v) Cash Collateral. If the reallocation described in clause (iv) above cannot, or can only partially, be effected, within one
Business Day following the written request of the Administrative Agent or any Issuing Bank (with a copy to the Administrative Agent), the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, Cash
Collateralize the Issuing Bank’s Fronting Exposure with respect to such Defaulting Lender (determined after giving effect to subsection (iv) and any Cash Collateral provided by such Defaulting Lender) in accordance with the procedures set
forth in Section 2.08(j). 
 (b) Defaulting Lender Cure. If the Borrower, the Administrative Agent and Issuing Bank agree
in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein, that Lender will, to
the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters
of Credit to be held pro rata by the Lenders in accordance with the Commitments (without giving effect to Section 4.05(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will
be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected
parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

  
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 (c) New Letters of Credit. So long as any Lender is a Defaulting Lender, Issuing Bank
shall not be required to issue, extend, renew or increase any Letter of Credit unless it will have no Fronting Exposure after giving effect thereto. 

ARTICLE V 
 INCREASED
COSTS; BREAK FUNDING PAYMENTS; TAXES; ILLEGALITY 
 Section 5.01 Increased Costs. 

(a) Eurodollar Changes in Law. If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets
of, deposits with or for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate); or 

(ii) subject the Administrative Agent or any Lender to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses
(b) through (d) of the definition of Excluded Taxes and (C) Other Connection Taxes) on its Loans, Loan principal, Commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or 

(iii) impose on any Lender or the London interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or
Eurodollar Loans made by such Lender; 
 and the result of any of the foregoing shall be to increase the cost to such Lender of making, converting to,
continuing or maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan) or to reduce the amount of any sum received or receivable by such Lender in respect of any Eurodollar Loan (whether of principal, interest or
otherwise), then the Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender for such additional costs incurred or reduction suffered. 

(b) Capital Requirements. If any Lender or the Issuing Bank determines that any Change in Law regarding capital or liquidity
requirements has or would have the effect of reducing the rate of return on such Lender’s or the Issuing Bank’s capital or liquidity or on the capital or liquidity of such Lender’s or the Issuing Bank’s holding company, if any,
as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by the Issuing Bank, to a level below that which such Lender or the Issuing Bank or such
Lender’s or the Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or the Issuing Bank’s policies and the policies of such Lender’s or the Issuing
Bank’s holding company with respect to capital adequacy and liquidity), then from time to time, upon receipt of a certificate described in the following subsection (c) the Borrower will pay to such Lender or the Issuing Bank, as the case
may be, such additional amount or amounts as will compensate such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company for any such reduction suffered. 

  
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 (c) Certificates. A certificate of a Lender or the Issuing Bank setting forth, in
reasonable detail, the amount or amounts necessary to compensate such Lender or the Issuing Bank or its holding company, as the case may be, as specified in Section 4.01(a) or (b) shall be delivered to the Borrower and shall
be conclusive absent manifest error. The Borrower shall pay such Lender or the Issuing Bank, as the case may be, the amount shown as due on any such certificate within ten days after receipt thereof. 

(d) Effect of Failure or Delay in Requesting Compensation. Failure or delay on the part of any Lender or the Issuing Bank to demand
compensation pursuant to this Section 5.01 shall not constitute a waiver of such Lender’s or the Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender
or the Issuing Bank pursuant to this Section 5.01 for any increased costs or reductions incurred more than six months prior to the date that such Lender or the Issuing Bank, as the case may be, notifies the Borrower of the Change in Law
giving rise to such increased costs or reductions and of such Lender’s or the Issuing Bank’s intention to claim compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or reductions is
retroactive, then the six month period referred to above shall be extended to include the period of retroactive effect thereof. 

Section 5.02 Break Funding Payments. In the event of (a) the payment of any principal of any Eurodollar Loan other
than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar Loan into an ABR Loan other than on the last day of the Interest Period applicable thereto,
(c) the failure to borrow, convert or continue any Eurodollar Loan on the date specified in any notice delivered pursuant hereto, or (d) the assignment of any Eurodollar Loan other than on the last day of the Interest Period applicable
thereto as a result of a request by the Borrower pursuant to Section 5.05, then, in any such event, the Borrower shall compensate each Lender for the loss, cost and expense attributable to such event. In the case of a Eurodollar Loan,
such loss, cost or expense to any Lender shall be deemed to be the excess, if any, of (x) the amount of interest which would have accrued on the principal amount of such Loan had such event not occurred, at the LIBO Rate that would have been
applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been the Interest Period
for such Loan), over (y) the amount of interest which would accrue on such principal amount for such period at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for dollar deposits of a comparable
amount and period from other banks in the eurodollar market. 
 A certificate of any Lender setting forth any amount or amounts that such Lender is entitled
to receive pursuant to this Section 5.02 shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within thirty days after
receipt thereof. 
 Section 5.03 Taxes. 

(a) Issuing Bank. For purposes of this Section 5.03, the term “Lender” includes Issuing Bank and the term
“applicable law” includes FATCA. 
 (b) Payments Free of Taxes. Any and all payments by or on account of any obligation of
the Borrower or any Guarantor under any Loan Document shall be made free and clear of and without deduction for any Indemnified Taxes; provided that if an applicable Withholding Agent shall be required to deduct any Indemnified Taxes from
such payments (as determined in the good faith of an applicable Withholding Agent), (i) then the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums
payable under this Section 5.03(b)), the Administrative Agent, any Lender or Issuing Bank (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower or such
Guarantor shall make such deductions and (iii) the Borrower or such Guarantor shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law. 

  
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 (c) Payment of Other Taxes by the Borrower. The Borrower shall timely pay any Other
Taxes to the relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative Agent, timely reimburse it for the payment of, any Other Taxes that have been paid by the Administrative Agent. 

(d) Indemnification by the Borrower. The Borrower shall indemnify each Recipient, within thirty days after demand therefor, for the full
amount of any Indemnified Taxes paid or payable by such Recipient, or required to be withheld or deducted from a payment to such Recipient, on or with respect to any payment by or on account of any obligation of the Borrower hereunder (including
Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 5.03) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes
were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate of the Administrative Agent, a Lender or the Issuing Bank as to the amount of such payment or liability delivered to the Borrower by a Lender or the
Issuing Bank (with a copy to the Administrative Agent) or by the Administrative Agent on its own behalf or on behalf of a Lender or the Issuing Bank, shall be conclusive absent manifest error. 

(e) Indemnification by the Lenders. Each Lender shall severally indemnify the Administrative Agent, within ten days after demand
therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that the Borrower has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Borrower to
do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 12.04 relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in
each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by
the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to
set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this
paragraph (e). 
 (f) Evidence of Payments. As soon as practicable after any payment of Indemnified Taxes by the Borrower or a
Guarantor to a Governmental Authority, the Borrower or Guarantor shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting
such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 
 (g) Status of Lenders. 

(i) Any Lender that is entitled to an exemption from or reduction of withholding Tax under the law of the jurisdiction in which the Borrower
is located, or any treaty to which such jurisdiction is a party, with respect to payments under this Agreement or any other Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by
Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate. In addition,
any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation 

  
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 prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will
enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion,
execution, and submission of such documentation (other than such documentation set forth in Section 5.03(g)(ii)(A), (ii)(B), or (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such
completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. For purposes of this Section 5.03(g), the term
“Lender” shall include the Administrative Agent. 
 (ii) Without limiting the generality of the foregoing: 

(A) any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such Lender
becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed copies of Internal Revenue Service Form W-9 certifying that such Lender is exempt from U.S.
federal backup withholding tax; 
 (B) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and
the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of
the Borrower or the Administrative Agent), whichever of the following is applicable: 
 (1) in the case of a Foreign Lender claiming the
benefits of an income tax treaty to which the United States is a party, duly completed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, as applicable, claiming eligibility for benefits of an income tax treaty to which the United States is
a party, 
 (2) duly completed copies of Internal Revenue Service Form W-8ECI, 

(3) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under section 881(c) of the Code, (x) a
certificate substantially in the form of Exhibit G-1 to the effect that such Foreign Lender is not a “bank” within the meaning of section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the
meaning of section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) duly completed copies of Internal Revenue
Service Form W-8BEN or W-8BEN-E, as applicable; 
 (4) to the extent a Foreign Lender is not the beneficial owner, executed originals of
Internal Revenue Service Form W-8IMY, accompanied by Internal Revenue Service Form W-8ECI, Internal Revenue Service Form W-8BEN or W-8BEN-E, as applicable, a U.S. Tax Compliance Certificate substantially in the form of Exhibit G-2 or
Exhibit G-3, Internal Revenue Service Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such
Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit G-4 on behalf of each such direct and indirect partner; or 

  
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 (C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the
Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable
request of the Borrower or the Administrative Agent), executed copies of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. Federal withholding Tax duly completed together with such
supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and 

(D) if a payment made to a Lender under any Loan Document would be subject to U.S. Federal withholding Tax imposed by FATCA if such Lender
were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and Administrative Agent, at the time or
times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent, such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such
additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for Borrower and the Administrative Agent to comply with its obligations under FATCA and to determine that such Lender has complied with
such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.

 Each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it
shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so. 

(h) Treatment of Certain Refunds. If the Administrative Agent, a Lender or the Issuing Bank determines, that it has received a refund of
any Indemnified Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section 5.03, it shall pay to the Borrower an amount equal to such refund (but
only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section 5.03 with respect to the Indemnified Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative
Agent, such Lender or the Issuing Bank, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Notwithstanding anything to the contrary in this paragraph (h), in no
event will the indemnified party be required to pay any amount to the Borrower pursuant to this paragraph (h) to the extent such payment would place the indemnified party in a less favorable net after-Tax position than the indemnified party
would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This
paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the Borrower or any other Person. 

(i) Survival. Each party’s obligations under this Section 5.03 shall survive the resignation or replacement of the
Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under any Loan Document. 

  
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 Section 5.04 Mitigation Obligations; Designation of Different Lending
Office. If any Lender requests compensation under Section 5.01, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section
5.03, then such Lender shall (at the request of Borrower) use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices,
branches or affiliates, if, in the judgment of such Lender, such designation or assignment would eliminate or reduce amounts payable pursuant to Section 5.01 or Section 5.03, as the case may be, in the future and would not
subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or
assignment. 
 Section 5.05 Replacement of Lenders. If (a) any Lender requests compensation under
Section 5.01, (b) the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 5.03, and such Lender has not prevented such required
payment by designating a different lending office in accordance with Section 5.04, (c) any Lender is a Defaulting Lender, (d) the Super Majority Lenders have provided their consent to increase the Borrowing Base pursuant to
Section 2.07(c)(iii), but any Lender has not provided such consent, or (e) any Lender has given notice pursuant to Section 5.06 that it is unable to make or maintain Eurodollar Loans but Lenders constituting Majority
Lenders have not given such notice, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent (and in the case of clause (d) above, within thirty (30) days of the effectiveness of the
redetermination of the Borrowing Base pursuant to Section 2.07(d)), require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 12.04(b)), all its
interests, rights (other than its existing rights to payments pursuant to Section 5.01 or Section 5.03) and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another
Lender, if a Lender accepts such assignment); provided that (i) the Borrower shall have paid to the Administrative Agent the assignment fee specified in Section 12.04(b)(ii)(C), (ii) if such assignee is not already a
Lender, the Borrower shall have received the prior written consent of the Administrative Agent and the Issuing Bank, which consent shall not unreasonably be withheld, (iii) such assigning Lender shall have received payment of an amount equal to
the outstanding principal of its Loans and participations in LC Disbursements, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under
Section 5.02), from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts), (iv) in the case of any such assignment resulting from a claim for
compensation under Section 5.01 or payments required to be made pursuant to Section 5.03, such assignment will result in a reduction in such compensation or payments, (v) such assignment does not conflict with applicable
law; and (vi) in the case of any assignment resulting from a Lender not consenting to increase the Borrowing Base as described in clause (d) above, the applicable assignee shall have consented to the applicable increase of the Borrowing
Base. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to
apply. 
 Section 5.06 Illegality. Notwithstanding any other provision of this Agreement, in the event that it becomes
unlawful for any Lender or its applicable lending office to honor its obligation to make or maintain Eurodollar Loans either generally or having a particular Interest Period hereunder, then (a) such Lender shall promptly notify the Borrower and
the Administrative Agent thereof and such Lender’s obligation to make such Eurodollar Loans shall be suspended (the “Affected Loans”) until such time as such Lender may again make and maintain such Eurodollar Loans and
(b) all Affected Loans which would otherwise be made by such Lender shall be made instead as ABR Loans (and, if such Lender so requests by notice to the Borrower and the Administrative Agent, all Affected Loans of such Lender then outstanding
shall be automatically converted into ABR Loans on the date specified by such Lender in such notice) and, to the extent that Affected Loans are so made as (or converted into) ABR Loans, all payments of principal which would otherwise be applied to
such Lender’s Affected Loans shall be applied instead to its ABR Loans. 

  
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 ARTICLE VI 

CONDITIONS PRECEDENT 

Section 6.01 Effective Date. The rights and obligations under this Agreement (including the obligations of the Lenders to
make Loans and of the Issuing Bank to issue Letters of Credit hereunder) shall not become effective until the date on which each of the following conditions has been satisfied (or waived in accordance with Section 12.02) on
April 12, 2017 (and, if not satisfied prior to such time, this Agreement shall be null and void and of no force and effect): 
 (a) The
Administrative Agent, the Arrangers and the Lenders shall have received all commitment and agency fees and all other fees and amounts due and payable on or prior to the Effective Date, including, without duplication, (i) fees payable pursuant
to Section 3.05(c), (ii) fees payable pursuant to the Fee Letters and (iii) to the extent invoiced at least two Business Days prior to the Effective Date, reimbursement or payment of all out-of-pocket expenses required to be
reimbursed or paid by the Borrower hereunder (including the fees and expenses of Simpson Thacher & Bartlett LLP, counsel to the Administrative Agent). 

(b) The Administrative Agent shall have received a certificate of the Secretary, Assistant Secretary or a Responsible Officer of the Borrower
and each Guarantor setting forth (i) resolutions of the members, board of directors or other appropriate governing body with respect to the authorization of the Borrower or such Guarantor to execute and deliver the Loan Documents to which it is
a party and to enter into the transactions contemplated in those documents, (ii) the officers of the Borrower or such Guarantor who are authorized to sign the Loan Documents to which the Borrower or such Guarantor is a party and who will, until
replaced by another officer or officers duly authorized for that purpose, act as its representative for the purposes of signing documents and giving notices and other communications in connection with this Agreement and the transactions contemplated
hereby, (iii) specimen signatures of such authorized officers, and (iv) the limited liability company agreement, the articles or certificate of incorporation and bylaws (or comparable organizational documents) of the Borrower and such
Guarantor, certified as being true and complete. The Administrative Agent and the Lenders may conclusively rely on such certificate until the Administrative Agent receives notice in writing from the Borrower to the contrary. 

(c) The Administrative Agent shall have received certificates of the appropriate State agencies with respect to the existence and good standing
of the Borrower and each other Credit Party. 
 (d) On the Effective Date, the representations and warranties of Parent Guarantor, the
Borrower and the other Credit Parties contained in Article VII shall be true and correct in all material respects (except in the case of any representation or warranty which expressly relates to a given date or period, such representation or
warranty shall be true and correct in all material respects as of the respective date or for the respective period, as the case may be); provided, that to the extent that any representation or warranty is qualified by or subject to a
“material adverse effect”, “material adverse change” or similar term or qualification, the same shall be true and correct in all respects. 

(e) The Administrative Agent shall have received from each party hereto counterparts (in such number as may be requested by the Administrative
Agent) of this Agreement signed on behalf of such party. 

  
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 (f) The Administrative Agent shall have received a duly executed Note payable to each Lender
that has requested a Note at least two days before the Effective Date in a principal amount equal to its Commitment dated as of the date hereof. 

(g) The Administrative Agent shall have received from each party thereto duly executed counterparts (in such number as may be requested by the
Administrative Agent) of the Security Instruments described on Exhibit E. Except as otherwise set forth in Section 8.19(b), in connection with the execution and delivery of the Security Instruments, the Administrative Agent shall
be reasonably satisfied that the Liens under the Security Instruments will, upon the recording of the Security Instruments, be first priority, perfected Liens (subject only to Permitted Liens) on all other Property purported to be pledged as
Collateral pursuant to the Security Instruments (including all of the Equity Interests in the Borrower and each Restricted Subsidiary that are owned by a Credit Party (and to the extent any such Equity Interests are certificated, the Borrower shall
also have caused the applicable Credit Party to deliver to the Collateral Agent the original stock certificates evidencing such Equity Interests together with an appropriate undated stock power for each certificate duly executed in blank by the
registered owner thereof). 
 (h) The Administrative Agent shall have received an opinion of Kirkland and Ellis LLP, special New York counsel
to the Borrower and the Guarantors, and local counsel in the Yukon Territory, in each case in form and substance reasonably satisfactory to the Administrative Agent. 

(i) The Administrative Agent shall have received a certificate of insurance coverage of the Borrower and the other Credit Parties evidencing
that the Borrower and the other Credit Parties are carrying insurance in accordance with Section 7.12. 
 (j) The Administrative
Agent shall have received a certificate of a Responsible Officer of Borrower certifying that Borrower and its Consolidated Restricted Subsidiaries, on a consolidated basis after giving effect to the Transactions, are solvent. 

(k) The Administrative Agent shall have received the Initial Reserve Report, which shall be in form and substance reasonably satisfactory to
the Administrative Agent. 
 (l) The Administrative Agent shall have received appropriate Uniform Commercial Code search certificates
reflecting no prior Liens encumbering the Properties of the Borrower and the other Credit Parties for the State of Delaware and the State of Pennsylvania, as applicable, and any other jurisdiction reasonably requested by the Administrative Agent,
other than those being released on or prior to the Effective Date or Permitted Liens. 
 (m) To the extent requested in writing by the
Administrative Agent at least 8 Business Days prior to the Effective Date, the Administrative Agent and the Lenders shall have received, at least three (3) Business Days prior to the Effective Date, and be reasonably satisfied in form and
substance with, all documentation and other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including but not restricted to the USA PATRIOT Act.

 (n) As of the Effective Date, after giving effect to the Transactions (including the initial Borrowings hereunder), the amount of
(i) cash and Cash Equivalents of the Borrower and its Consolidated Restricted Subsidiaries on such date plus (ii) the amount by which the Total Commitments shall exceed the total Revolving Credit Exposure shall not be less than
$300,000,000. 

  
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 (o) The Confirmation Order shall be in full force and effect, not subject to any stay, nor
shall it have been amended or modified in any manner adverse to the Lenders without the consent of the Required Lenders. 
 (p) All
conditions precedent to confirmation and to effectiveness of the Plan of Reorganization shall have been satisfied or waived to the reasonable satisfaction of the Administrative Agent, the Plan Effective Date shall have occurred or shall occur
substantially contemporaneously with the Effective Date, and the substantial consummation (as defined in section 1101 of the Bankruptcy Code) of the Plan of Reorganization in accordance with its terms shall occur substantially contemporaneously with
the Plan Effective Date. 
 (q) Since the date of entry of the Disclosure Statement Order with respect to the Chapter 11 Cases, there shall
not have occurred a Material Adverse Effect or any event or occurrence which could reasonably be expected to result in a Material Adverse Effect. 

(r) The Administrative Agent shall have received or shall have available on-line through the “Electronic Data Gathering, Analysis and
Retrieval” system (or any successor system thereof) maintained by the SEC (or any succeeding governmental authority) (i) audited consolidated balance sheets and related statements of income, stockholders’ equity and cash flows of
Parent Guarantor, the Borrower and the Borrower’s Consolidated Restricted Subsidiaries, for the three most recently completed fiscal years ended at least 105 days before the Effective Date and (ii) unaudited consolidated balance sheets and
related statements of income, stockholders’ equity and cash flows of Parent Guarantor, the Borrower and the Borrower’s Consolidated Restricted Subsidiaries, for each subsequent fiscal quarter (other than the fourth fiscal quarter of any
fiscal year) ended at least 55 days before the Effective Date (in each case, together with the corresponding comparative period from the prior fiscal year). 

Without limiting the generality of the provisions of Section 11.04, for purposes of determining compliance with the conditions specified in this
Section 6.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required under this Section 6.01 to be consented to or
approved by or acceptable to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the Effective Date specifying its objection thereto. All documents executed or submitted pursuant to this
Section 6.01 by and on behalf of Parent Guarantor, the Borrower or any other Credit Party shall be in form and substance satisfactory to the Administrative Agent and its counsel. The Administrative Agent shall notify the Borrower and the
Lenders of the Effective Date, and such notice shall be conclusive and binding. 
 Section 6.02 Each Credit Event. The
obligation of each Lender to make any new Loan, and of the Issuing Bank to issue, amend, renew or extend any Letter of Credit is subject to the satisfaction of the following conditions: 

(a) At the time of and immediately after giving effect to such Borrowing or the issuance, amendment, renewal or extension of such Letter of
Credit, as applicable, no Default shall have occurred and be continuing. 
 (b) The representations and warranties of the Borrower and the
Guarantors set forth in this Agreement and in the other Loan Documents shall be true and correct in all material respects on and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of Credit, as
applicable, except (i) to the extent any such representations and warranties are expressly limited to an earlier date, in which case, on and as of the date of such Borrowing or the date of 

  
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issuance, amendment, renewal or extension of such Letter of Credit, as applicable, such representations and warranties shall continue to be true and correct as of such specified earlier date, and
(ii) to the extent that any such representation and warranty is expressly qualified by materiality or by reference to Material Adverse Effect, such representation and warranty (as so qualified) shall continue to be true and correct in all
respects. 
 (c) Solely with respect to the making of any Loan hereunder, the principal amount of such Loan plus the aggregate amount
of cash and Cash Equivalents (other than Excluded Cash) of the Credit Parties at the time of the making of such Loan (before giving effect thereto) minus the principal amount of such Loan (as certified by Borrower in the Borrowing Notice) to
be used on or around such date, but in any event not to exceed five (5) Business Days after such date) shall not exceed the Excess Cash Threshold. 

(d) The receipt by the Administrative Agent of a Borrowing Request in accordance with Section 2.03 or a request for a Letter of
Credit (including an amendment, extension or renewal of a Letter of Credit) in accordance with Section 2.08(b), as applicable. 

Each request for a Borrowing and each request for the issuance, amendment, renewal or extension of any Letter of Credit shall be deemed to
constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in the foregoing clauses (a) and (b). 

Section 6.03 Additional Conditions to Letters of Credit. In addition to the conditions precedent set forth in
Section 6.02, so long as any Lender is a Defaulting Lender, the Issuing Bank shall not be required to issue, amend or increase any Letter of Credit, unless it is satisfied that at the time of such issuance, amendment or increase:
(a) the terms of Section 4.05(c) will be satisfied, (b) the LC Exposure will be 100% covered by the Commitments of the Non-Defaulting Lenders and/or the Borrower will Cash Collateralize the LC Exposure in accordance with
Section 4.05(a)(v), and (c) participating interests in any such newly issued or increased Letter of Credit shall be allocated among Non-Defaulting Lenders in accordance with Section 4.05(a)(iv) (and Defaulting Lenders
shall not participate therein). 
 ARTICLE VII 

REPRESENTATIONS AND WARRANTIES 

Parent Guarantor and the Borrower jointly and severally represent and warrant to the Lenders that: 

Section 7.01 Organization; Powers. The Borrower and each other Credit Party is duly organized, validly existing and, to the
extent applicable, in good standing under the laws of the jurisdiction of its organization, has all requisite power and authority, and has all material governmental licenses, authorizations, consents and approvals necessary, to own its assets and to
carry on its business as now conducted, and is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required, except where failure to have such power, authority, licenses, authorizations, consents,
approvals and qualifications could not reasonably be expected to have a Material Adverse Effect. 
 Section 7.02 Authority;
Enforceability. After giving effect to the Confirmation Order and the Plan of Reorganization, the Transactions are within the Borrower’s and each Guarantor’s corporate, limited liability company, or partnership powers and have been
duly authorized by all necessary corporate, limited liability company or partnership action and, if required, action by any holders of its Equity Interests (including any action required to be taken by any class of directors, managers or
supervisors, whether interested or disinterested, as applicable, of the Borrower or any other Person, in 

  
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order to ensure the due authorization of the Transactions). Each Loan Document to which the Borrower and each Guarantor is a party has been duly executed and delivered by the Borrower and such
Guarantor and constitutes a legal, valid and binding obligation of the Borrower and such Guarantor, as applicable, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws
affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

Section 7.03 Approvals; No Conflicts. After giving effect to the Confirmation Order and the Plan of Reorganization, the
Transactions (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority or any other third Person (including holders of its Equity Interests or any class of directors, managers
or supervisors, as applicable, whether interested or disinterested, of the Borrower or any other Person), nor is any such consent, approval, registration, filing or other action necessary for the validity or enforceability of any Loan Document or
the consummation of the Transactions, except such as have been obtained or made and are in full force and effect, other than (i) the recording and filing of the Security Instruments as required by this Agreement, and (ii) those third party
approvals or consents which, if not made or obtained, would not cause a Default or an Event of Default under any provision of this Agreement other than this Section 7.03 or could not reasonably be expected to have a Material Adverse
Effect, (b) will not violate any applicable law or regulation or the limited liability company agreements, charter, by-laws or other organizational documents of the Borrower or any other Credit Party or any order of any Governmental Authority,
(c) will not violate or result in a default under any indenture or other agreement regarding Debt binding upon the Borrower or any other Credit Party or its Properties, or give rise to a right thereunder to require any payment to be made by the
Borrower or Credit Party and (d) will not result in the creation or imposition of any Lien on any Property of the Borrower or any other Credit Party (other than the Liens created by the Loan Documents). 

Section 7.04 Financial Condition; No Material Adverse Change. 

(a) The Borrower has heretofore furnished to the Lenders Ultra Petroleum’s consolidated balance sheet and statements of income,
stockholders equity and cash flows as of and for the fiscal year ended December 31, 2016, reported on by Ernst & Young LLP, independent public accountants. Such financial statements present fairly, in all material respects, the
financial position and results of operations and cash flows of Parent Guarantor, the Borrower and the Borrower’s Consolidated Restricted Subsidiaries as of such dates and for such periods in accordance with GAAP, subject to year-end audit
adjustments and the absence of footnotes in the case of the unaudited quarterly financial statements. 
 (b) No Material Adverse Effect has
occurred since the date of entry of the Disclosure Statement Order with respect to the Chapter 11 Cases. 
 (c) Except as listed on
Schedule 7.04(c), none of Parent Guarantor, the Borrower or any Restricted Subsidiary has on the date hereof after giving effect to the Transactions, any material Debt (including Disqualified Capital Stock) or any material off-balance sheet
liabilities or partnership liabilities that would be required by GAAP to be reflected or noted in audited financial statements, material liabilities for past due taxes, or any unusual forward or long-term commitments or unrealized or anticipated
losses from any such unfavorable commitments, except as referred to or reflected or provided for in the financial statements referred to in Section 7.04(a) and the other written information provided by Borrower to Administrative Agent
and the Lenders prior to the date hereof. 

  
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 Section 7.05 Litigation. After giving effect to the Confirmation Order
and the Plan of Reorganization, and except as set forth on Schedule 7.05, there are no actions, suits, investigations or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of Parent
Guarantor or the Borrower, threatened against or affecting the Borrower or any other Credit Party (i) not fully covered by insurance (except for normal deductibles), that could reasonably be expected, individually or in the aggregate, to result
in a Material Adverse Effect or (ii) that are non-frivolous and challenge the validity or enforceability of any Loan Document. 

Section 7.06 Environmental Matters. Except for matters set forth on Schedule 7.06 or that, individually or in the
aggregate, could not reasonably be expected to have a Material Adverse Effect: 
 (a) Parent Guarantor, the Borrower and the Subsidiaries and
each of their respective Properties and operations thereon are, and within all applicable statute of limitation periods have been, in compliance with all applicable Environmental Laws; 

(b) Parent Guarantor, the Borrower and the Subsidiaries have obtained all Environmental Permits required for their respective operations and
each of their Properties, with all such Environmental Permits being currently in full force and effect, and none of Parent Guarantor, the Borrower or the Subsidiaries has received any written notice or otherwise has knowledge that any such existing
Environmental Permit will be revoked or that any application for any new Environmental Permit or renewal of any existing Environmental Permit will be denied; 

(c) there are no claims, demands, suits, orders, inquiries, or proceedings concerning any violation of, or any liability (including as a
potentially responsible party) under, any applicable Environmental Laws that is pending or, to the Borrower’s knowledge, threatened against Parent Guarantor, the Borrower or any Subsidiary or any of their respective Properties or as a result of
any operations at such Properties; 
 (d) none of the Properties of Parent Guarantor, the Borrower or any Subsidiary contain or have
contained any: underground storage tanks; asbestos-containing materials; landfills or dumps; hazardous waste management units as defined pursuant to RCRA or any comparable state law; or sites on or nominated for the National Priority List
promulgated pursuant to CERCLA or any state remedial priority list promulgated or published pursuant to any comparable state law, in each case that would reasonably be expected to result in liability under Environmental Law; 

(e) there has been no Release or, to the Borrower’s knowledge, threatened Release, of Hazardous Materials at, on, under or from Parent
Guarantor’s, the Borrower’s or any Subsidiary’s Properties, there are no investigations, remediations, abatements, removals, or monitorings of Hazardous Materials required under applicable Environmental Laws at such Properties and, to
the knowledge of the Borrower, none of such Properties are adversely affected by any Release or threatened Release of a Hazardous Material originating or emanating from any other real property; 

(f) none of Parent Guarantor, the Borrower or any Subsidiary has received any written notice asserting an alleged liability or obligation under
any applicable Environmental Laws with respect to the investigation, remediation, abatement, removal, or monitoring of any Hazardous Materials at, under, or Released or threatened to be Released from any real properties offsite Parent
Guarantor’s, the Borrower’s or any Subsidiary’s Properties and, to the Borrower’s knowledge, there are no conditions or circumstances that could reasonably be expected to result in the receipt of such written notice; 

(g) there has been no exposure of any Person or Property to any Hazardous Materials as a result of or in connection with the operations and
businesses of any of Parent Guarantor’s, the Borrower’s or the Subsidiaries’ Properties that could reasonably be expected to form the basis for a claim for damages or compensation; and 

  
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 (h) Parent Guarantor and the Borrower have made available to the Administrative Agent
complete and correct copies of all material environmental site assessment reports, and studies on environmental matters (including matters relating to any alleged non-compliance with or liability under Environmental Laws) that have been prepared
within the last three (3) years and are in Parent Guarantor’s or the Borrower’s possession and relating to Parent Guarantor’s, the Borrower’s or any Subsidiary’s Properties or operations thereon. 

Section 7.07 Compliance with the Laws and Agreements; No Defaults. 

(a) After giving effect to the Confirmation Order and the Plan of Reorganization, each of Parent Guarantor, the Borrower and the Restricted
Subsidiaries is in compliance with all Governmental Requirements applicable to it or its Property and all agreements and other instruments binding upon it or its Property, except where failure to comply could not reasonably be expected to have a
Material Adverse Effect, and possesses all licenses, permits, franchises, exemptions, approvals and other governmental authorizations necessary for the ownership of its Property and the conduct of its business, except where the failure to do so,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. 
 (b) Neither the Borrower nor
any other Credit Party is in default nor has any Change of Control or similar event or circumstance occurred that, but for the expiration of any applicable grace period or the giving of notice, or both, would constitute a default under, or would
require the Borrower or any other Credit Party to Redeem or make any offer to Redeem under, any indenture, note, credit agreement or similar instrument pursuant to which any Material Debt is outstanding or by which the Borrower or any other Credit
Party or any of their Properties is bound. 
 (c) No Default has occurred and is continuing. 

Section 7.08 Investment Company Act. Neither the Borrower nor any other Credit Party is required to register as an
“investment company” or a company “controlled” by an entity required to register as “investment company,” within the meaning of, or subject to regulation under, the Investment Company Act of 1940, as amended. 

Section 7.09 Taxes. Each of Parent Guarantor, the Borrower and the Restricted Subsidiaries has timely filed or caused to be
filed all federal income Tax returns and reports, and all other material Tax returns and reports, required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it (in each case, for the avoidance of doubt and
to the extent applicable, after giving effect to the Confirmation Order and Plan of Reorganization), except (a) Taxes that are being contested in good faith by appropriate proceedings and for which Parent Guarantor, the Borrower or such
Restricted Subsidiary, as applicable, has set aside on its books adequate reserves in accordance with GAAP or (b) to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect. The charges,
accruals and reserves on the books of Parent Guarantor, the Borrower and the Restricted Subsidiaries in respect of Taxes and other governmental charges are, in the reasonable opinion of the Borrower, adequate. No Tax Lien (other than an Excepted
Lien) has been filed and, to the knowledge of the Borrower, no claim is being asserted with respect to any such Tax or other such governmental charge. 

  
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 Section 7.10 ERISA. Except for such matters that, individually or in the
aggregate, could not reasonably be expected to have a Material Adverse Effect: 
 (a) Parent Guarantor, the Borrower, the Subsidiaries and
each ERISA Affiliate is in material compliance with ERISA and, where applicable, the Code regarding each Plan. 
 (b) Each Plan is, and has
been, established and maintained in substantial compliance with its terms, ERISA and, where applicable, the Code. 
 (c) No act, omission or
transaction has occurred which could result in the imposition on Parent Guarantor, the Borrower or any Subsidiary (whether directly or indirectly) of either a civil penalty assessed pursuant to subsections (i) or (l) of section 502 of
ERISA or a tax imposed pursuant to section 4975 of the Code or breach of fiduciary duty liability damages under section 409 of ERISA. 
 (d)
Full payment when due has been made of all amounts which Parent Guarantor, the Borrower, the Subsidiaries or any ERISA Affiliate is required under the terms of each Plan or applicable law to have paid as contributions to such Plan as of the date
hereof. 
 (e) None of Parent Guarantor, the Borrower, or any Subsidiary, or any ERISA Affiliate sponsors, maintains, or contributes to an
employee welfare benefit plan, as defined in section 3(1) of ERISA that provides benefits to retirees or former employees of such entities, with respect to which its sponsorship of, maintenance of or contribution to may not be terminated by Parent
Guarantor, the Borrower, a Subsidiary or an ERISA Affiliate, as the case may be, in its sole discretion at any time without any material liability to Parent Guarantor, the Borrower or any Subsidiary other than for benefits due as of, or claims
incurred prior to, the effective date of such termination, except where such a termination is not allowed under applicable law (including, but not limited to, the Consolidated Omnibus Budget Reconciliation Act of 1985). 

Section 7.11 Disclosure; No Material Misstatements. The certificates, written statements and reports, and other written
information, taken as a whole, furnished by or on behalf of the Borrower or any Guarantor to the Administrative Agent and the Lenders in connection with the negotiation of any Loan Document or included therein or delivered pursuant thereto, do not
contain any material misstatement of fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were or are made, not misleading as of the date such information is dated or
certified; provided that (a) to the extent any such certificate, statement, report, or information was based upon or constitutes a forecast or projection, the Borrower represents only that it acted in good faith and utilized reasonable
assumptions and due care in the preparation of such certificate, statement, report, or information (it being recognized by the Lenders, however, that projections as to future events are not to be viewed as facts and that results during the period(s)
covered by such projections may differ from the projected results and that such differences may be material and that the Borrower makes no representation that such projections will be realized) and (b) as to statements, information and reports
supplied by third parties, the Borrower represents only that it is not aware of any material misstatement or omission therein. There are no statements or conclusions in any Reserve Report which are based upon or include material misleading
information or fail to take into account known material information regarding the matters reported therein, it being understood that projections concerning volumes attributable to the Oil and Gas Properties of the Borrower and the other Credit
Parties and production and cost estimates contained in each Reserve Report are necessarily based upon professional opinions, estimates and projections and that the Borrower and the other Credit Parties do not warrant that such opinions, estimates
and projections will ultimately prove to have been accurate. 

  
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 Section 7.12 Insurance. Parent Guarantor and the Borrower have, and have
caused the Restricted Subsidiaries to have, (a) all insurance policies sufficient for the compliance by each of them with all material Governmental Requirements and all material agreements and (b) insurance coverage in such amounts and
against such risks as are usually insured against by companies similarly situated and engaged in the same or a similar business for the assets and operations of Parent Guarantor, the Borrower and the Restricted Subsidiaries (it being understood and
agreed that the Borrower and its Subsidiaries may self-insure to the extent and in a manner customary for companies engaged in the same or similar business of similar size and financial condition). The Administrative Agent, the Collateral Agent and
the Lenders have been named as additional insureds in respect of such liability insurance policies and the Collateral Agent has been named as a loss payee with respect to such property loss insurance covering Collateral. 

Section 7.13 Restriction on Liens. After giving effect to the Confirmation Order and the Plan of Reorganization, neither
the Borrower nor any other Credit Party is a party to any material agreement or arrangement, or subject to any order, judgment, writ or decree, that restricts its ability to grant Liens to the Administrative Agent for the benefit of the Secured
Parties on or in respect of their Properties to secure the Debt under the Loan Documents, or restricts any Restricted Subsidiary from paying dividends or making any other distributions in respect of its Equity Interests to Parent Guarantor, the
Borrower or any Restricted Subsidiary, or restricts any Restricted Subsidiary from making loans or advances to Parent Guarantor, the Borrower or any Restricted Subsidiary, or which requires the consent of other Persons in connection therewith,
except, in each case, for such encumbrances or restrictions permitted under Section 9.14. 
 Section 7.14
Subsidiaries. Except as set forth on Schedule 7.14 or as disclosed in writing to the Administrative Agent from time to time (which shall promptly furnish a copy to the Lenders), which shall upon disclosure be deemed a supplement
to Schedule 7.14, neither the Borrower nor any other Credit Party has any subsidiaries. Neither Parent Guarantor nor the Borrower has any Foreign Subsidiaries. Schedule 7.14 identifies, as of the Effective Date, each subsidiary listed
thereon as either a Restricted Subsidiary or Unrestricted Parent Entity, and each Restricted Subsidiary on such schedule is wholly-owned by the Borrower or another Restricted Subsidiary. As of the Effective Date, Schedule 7.14 sets forth each
Person (other than a subsidiary) in which Parent Guarantor, the Borrower or a Restricted Subsidiary owns Equity Interests and the percentage of all Equity Interests in such Person owned by Parent Guarantor, the Borrower or such Restricted
Subsidiary. 
 Section 7.15 Location of Business and Offices. After giving effect to the Confirmation Order and the Plan
of Reorganization, the Borrower’s jurisdiction of organization is Delaware, the name of the Borrower as listed in the public records of its jurisdiction of organization is Ultra Resources, Inc., and the organizational identification number of
the Borrower in its jurisdiction of organization is 6357887 (or, in each case, as set forth in a notice delivered to the Administrative Agent pursuant to Section 8.01(j) in accordance with Section 12.01). The Borrower’s
chief executive offices are located at the address specified in Section 12.01 (or as set forth in a notice delivered pursuant to Section 8.01(h) and Section 12.01(c)). Each Guarantor’s jurisdiction of
organization, name as listed in the public records of its jurisdiction of organization, organizational identification number in its jurisdiction of organization, and the location of its chief executive office is stated on Schedule 7.14 (or as
set forth in a notice delivered pursuant to Section 8.01(h)). 

  
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 Section 7.16 Properties; Titles, Etc. After giving effect to the
Confirmation Order and the Plan of Reorganization: 
 (a) Each of the Borrower and the other Credit Parties has good and defensible title to
substantially all of its Borrowing Base Properties evaluated in the most recently delivered Reserve Report and good title to all of its material personal Properties, in each case, free and clear of all Liens except Permitted Liens. The Borrower or
the other Credit Parties specified as the owner owns in all material respects the net interests in production attributable to their Oil and Gas Properties as reflected in the most recently delivered Reserve Report, and the ownership of such
Properties does not in any material respect obligate such Person to bear the costs and expenses relating to the maintenance, development and operations of each such Property in an amount in excess of the working interest of each Property set forth
in the most recently delivered Reserve Report that is not offset by a corresponding proportionate increase in its net revenue interest in such Property or the revenues therefrom. 

(b) Except as could not reasonably be expected to have a Material Adverse Effect, (i) all material leases and agreements necessary for the
conduct of the business of the Borrower and the other Credit Parties and (ii) all oil and gas leases of the Borrower and the other Credit Parties are, in each case, valid and subsisting and in full force and effect, and there exists no default
or event or circumstance which with the giving of notice or the passage of time or both would give rise to a default under any such lease or leases referred to in the foregoing clauses (i) and (ii). 

(c) The rights and Properties presently owned, leased or licensed by the Borrower and the other Credit Parties, including all easements and
rights of way, include all rights and Properties necessary to permit the Borrower and the other Credit Parties to conduct their business in all material respects in the same manner as their business has been conducted prior to the date hereof. 

(d) All of the Properties of the Borrower and the other Credit Parties which are reasonably necessary for the operation of their businesses are
in good working condition and are maintained in accordance with prudent business standards. 
 (e) The Borrower and each other Credit Party
owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual Property material to its business (including databases, geological data, geophysical data, engineering data, seismic data, maps, interpretations and
other technical data), and the use thereof by the Borrower and such other Credit Party does not infringe upon the rights of any other Person, except for any such infringements that, individually or in the aggregate, could not reasonably be expected
to result in a Material Adverse Effect. 
 Section 7.17 Maintenance of Properties. After giving effect to the
Confirmation Order and the Plan of Reorganization, except for such acts or failures to act as could not be reasonably expected to have a Material Adverse Effect, the Borrowing Base Properties of the Borrower and the other Credit Parties have been
maintained, operated and developed in a good and workmanlike manner and in conformity with all applicable Governmental Requirements and in conformity with the provisions of all leases, subleases or other contracts comprising a part of the Borrowing
Base Properties and other contracts and agreements forming a part of the Borrowing Base Properties. 
 Section 7.18 Gas
Imbalances, Prepayments. Except as set forth on Schedule 7.18 or on the most recent certificate delivered pursuant to Section 8.12(c), on a net basis there are no gas imbalances, take or pay or other prepayments which
would require Parent Guarantor, the Borrower or any of the other Credit Parties to deliver Hydrocarbons produced from their Oil and Gas Properties at some future time, without then or thereafter receiving full payment therefor, exceeding 5.0% of the
aggregate annual production of gas from the Oil and Gas Properties of Parent Guarantor, the Borrower and the other Credit Parties during the most recent calendar year (on an mcf basis). 

  
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 Section 7.19 Marketing of Production. Except for contracts listed and in
effect on the date hereof on Schedule 7.19, or hereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report, no material agreements exist, which are not cancelable on 90
days’ notice or less without penalty or detriment, for the sale of the Borrower’s and the other Credit Parties’ Hydrocarbon production (including calls on or other rights to purchase, production, whether or not the same are currently
being exercised) that pertain to the sale of production at a fixed price and have a maturity or expiry date of longer than six (6) months from the date hereof. 

Section 7.20 Swap Agreements and Qualified ECP Counterparty. Schedule 7.20, as of the date hereof, and after the
date hereof, each report required to be delivered by the Borrower pursuant to Section 8.01(d), as of the date of (or as of the date(s) otherwise set forth in) such report, sets forth, a true and complete list of all Swap Agreements of
the Borrower and each other Credit Party, the material terms thereof (including the type, term, effective date, termination date and notional amounts or volumes), the estimated net mark-to-market value thereof, all credit support agreements relating
thereto other than Loan Documents (including any margin required or supplied) and the counterparty to each such agreement. The Borrower is a Qualified ECP Counterparty. 

Section 7.21 Use of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit shall be used
(a) for general corporate purposes of the Borrower, the Parent Guarantor and its Subsidiaries; (b) to fund repayment of claims under the Chapter 11 Cases; and (c) to finance the acquisition and development of Oil and Gas Properties.
Parent Guarantor, the Borrower and the Restricted Subsidiaries are not engaged principally, or as one of its or their important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or
carrying margin stock (within the meaning of Regulation T, U or X of the Board). No part of the proceeds of any Loan or Letter of Credit will be used for any purpose which violates the provisions of Regulations T, U or X of the Board. The Borrower
will not request any Borrowing or Letter of Credit, and Parent Guarantor and the Borrower shall not use, and Parent Guarantor and the Borrower shall procure that their Subsidiaries and their respective directors, officers, employees and agents shall
not use, or lend, contribute or otherwise make available, the proceeds of any Borrowing or Letter of Credit to any subsidiary, joint venture partner or any other Person (a) in furtherance of an offer, payment, promise to pay, or authorization
of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned
Person, or in any Sanctioned Country, or (c) in any manner that would knowingly or negligently result in the violation of any Sanctions applicable to any party hereto (whether as underwriter, advisor, investor, lender, hedge provider, facility
or security agent or otherwise). 
 Section 7.22 Solvency. After giving effect to the Confirmation Order, the Plan of
Reorganization and the transactions contemplated hereby and each Borrowing made hereunder, (a) the aggregate assets (after giving effect to amounts that could reasonably be expected to be received by reason of indemnity, offset, insurance or
any similar arrangement), at a fair valuation, of the Borrower and the Guarantors, taken as a whole, exceed the aggregate Debt of the Borrower and the Guarantors on a consolidated basis, (b) each of the Borrower and the Guarantors has not
incurred and does not intend to incur, and does not believe that it has incurred, Debt beyond its ability to pay such Debt (after taking into account the timing and amounts of cash it reasonably expects could be received and the amounts that it
reasonably expects could be payable on or in respect of its liabilities, and giving effect to amounts that that could reasonably be expected to be received by reason of indemnity, offset, insurance or any similar arrangement) as such Debt becomes
absolute and matures, and (c) each of the Borrower and the Guarantors does not have (and does not have reason to believe that it will have thereafter) unreasonably small capital for the conduct of its business. 

  
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 Section 7.23 Anti-Corruption Laws and Sanctions. Parent Guarantor and the
Borrower have implemented and maintain in effect such policies and procedures, if any, as they reasonably deem appropriate, in light of their business and international activities (if any), to ensure compliance by Parent Guarantor, the Borrower and
the Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and Parent Guarantor, the Borrower and the Subsidiaries and their respective officers and employees and, to the
knowledge of Parent Guarantor and the Borrower, their respective directors and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. None of (a) Parent Guarantor, the Borrower and the
Subsidiaries or any of their respective directors, officers or employees, or (b) to the knowledge of Parent Guarantor or the Borrower, any agent of Parent Guarantor, the Borrower or any Subsidiary that will act in any capacity in connection
with or benefit from the credit facility established hereby, is a Sanctioned Person. No Borrowing or Letter of Credit, use of proceeds or other transaction contemplated by this Agreement will violate any Anti-Corruption Law or applicable Sanctions.

 Section 7.24 EEA Financial Institutions. No Credit Party is an EEA Financial Institution. 

Section 7.25 Senior Debt Status. The Obligations constitute “Senior Debt”, “Designated Senior Debt” or
any similar designation under and as defined in any agreement governing any senior subordinated or subordinated Debt and the subordination provisions set forth in each such agreement are legally valid and enforceable against the parties thereto.

 Section 7.26 Security Instruments. The Security Instruments are (or, in the case of Security Instruments executed
after the Effective Date, will be) effective to create in favor of the Administrative Agent, for the benefit of the Credit Parties, a legal, valid and enforceable security interest in the Mortgaged Property and Collateral and proceeds thereof. 

Section 7.27 PATRIOT Act. On the Effective Date, each Credit Party is in compliance in all material respects with the
material provisions of the PATRIOT Act. 
 ARTICLE VIII 

AFFIRMATIVE COVENANTS 

Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder and all
other amounts payable under the Loan Documents shall have been paid in full and all Letters of Credit shall have expired (without any pending drawings thereon) or terminated and all LC Disbursements shall have been reimbursed, each of Parent
Guarantor and the Borrower covenants and agrees with the Lenders that: 
 Section 8.01 Financial Statements; Other
Information. The Borrower will furnish to the Administrative Agent and each Lender: 
 (a) Annual Financial Statements. 

(i) As soon as available, but in any event in accordance with then applicable law and not later than 120 days after the end of each fiscal
year of the Borrower, its unaudited consolidated balance sheet and related statements of operations, owners’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous
fiscal year, all certified by one of its Financial Officers as presenting fairly in all material respects the financial condition and results of operations of the Borrower and its Consolidated Restricted Subsidiaries on a consolidated basis in
accordance with GAAP consistently applied. 

  
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 (ii) As soon as available, but in any event in accordance with then applicable law and not
later than 120 days after the end of each fiscal year of Parent Guarantor, its audited consolidated balance sheet and related statements of operations, owners’ equity and cash flows as of the end of and for such year, setting forth in each case
in comparative form the figures for the previous fiscal year, all reported on by independent public accountants of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or
exception as to the scope of such audit) to the effect that such consolidated financial statements present fairly in all material respects the financial condition and results of operations of Parent Guarantor and its subsidiaries on a consolidated
basis in accordance with GAAP consistently applied. 
 (b) Quarterly Financial Statements. 

(i) As soon as available, but in any event in accordance with then applicable law and not later than 60 days after the end of each of the
first three fiscal quarters of each fiscal year of the Borrower commencing with the fiscal quarter ending June 30, 2017, its consolidated balance sheet and related statements of operations, owners’ equity and cash flows as of the end of
and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous
fiscal year, all certified by one of its Financial Officers as presenting fairly in all material respects the financial condition and results of operations of the Borrower and its Consolidated Restricted Subsidiaries on a consolidated basis in
accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes. 
 (ii) As soon as
available, but in any event in accordance with then applicable law and not later than 60 days after the end of each of the first three fiscal quarters of each fiscal year of Parent Guarantor commencing with the fiscal quarter ending June 30,
2017, its consolidated balance sheet and related statements of operations, owners’ equity and cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in comparative
form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of its Financial Officers as presenting fairly in all material respects the financial
condition and results of operations of Parent Guarantor and its consolidated subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes. 

(c) Certificate of Financial Officer - Compliance. Concurrently with any delivery of financial statements under
Section 8.01(a) or Section 8.01(b), a compliance certificate of a Financial Officer in substantially the form of Exhibit D hereto (i) certifying as to whether a Default then exists and, if a Default then exists,
(ii) specifying the details thereof and any action taken or proposed to be taken with respect thereto, (iii) setting forth reasonably detailed calculations demonstrating compliance with Section
9.019.15 and (iv) stating whether any change in GAAP or in the application thereof that is applicable to the Borrower has occurred since December 31,
2016 and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such certificate. 

(d) Certificate of Financial Officer - Swap Agreements. Concurrently with any delivery of financial statements under
Section 8.01(a) and Section 8.01(b), a certificate of a Financial Officer, in form and substance satisfactory to the Administrative Agent, setting forth as of a recent date, a true and complete list of all Swap Agreements of
the Borrower and each other Credit Party, the material terms thereof (including the type, term, effective date, termination date and notional amounts or volumes set forth for each month during the term of such Swap Agreement), the estimated net
mark-to-market value therefor, any new credit support agreements relating thereto (other than Loan Documents) not listed on Schedule 7.20, any margin required or supplied under any credit support document and the counterparty to each such
agreement. 

  
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 (e) Certificate of Insurer - Insurance Coverage. Concurrently with any delivery of
financial statements under Section 8.01(a), one or more certificates of insurance coverage from Parent Guarantor’s insurance broker or insurers with respect to the insurance required by Section 8.07, in form and
substance reasonably satisfactory to the Administrative Agent, and, if requested by the Administrative Agent, copies of the applicable policies. 

(f) [Reserved]. 
 (g)
Notices Under Material Instruments. Promptly after the furnishing thereof, copies of any financial statement, report or notice furnished to or by any Person pursuant to the terms of any preferred stock designation, indenture, loan or credit
or other similar agreement with respect to Material Debt, and not otherwise required to be furnished to the Lenders pursuant to any other provision of this Agreement. 

(h) Information Regarding Borrower and Guarantors. Promptly, but in any event within ten (10) Business Days after the occurrence
thereof, written notice of any change in (i) the Borrower’s or any Guarantor’s corporate name, (ii) the jurisdiction in which the Borrower or any Guarantor is incorporated, formed, or otherwise organized, (iii) the location
of the Borrower’s or any Guarantor’s chief executive office, (iv) the Borrower’s or any Guarantor’s identity or corporate, limited liability or partnership structure, or (v) the Borrower’s or any Guarantor’s
organizational identification number in such jurisdiction of organization or federal taxpayer identification number. 
 (i) Notices of
Certain Changes. Promptly, but in any event within ten (10) Business Days after the execution thereof, copies of any material amendment, modification or supplement to the certificate of formation, limited liability company agreement,
articles of incorporation, by-laws, any preferred stock designation or any other organic document of the Borrower or any other Credit Party. 

(j) [Reserved]. 
 (k)
Opening of Accounts. Prompt written notice (such notice to include reasonably detailed information regarding the account number, purpose and applicable bank or other institution in respect of such Deposit Account, Commodities Account or
Securities Account) to the Administrative Agent of any Deposit Account, Commodities Account or Securities Account (other than an Excluded Account) opened by the Borrower or any Guarantor. 

(l) Other Requested Information. Promptly following any reasonable request therefor, such other information regarding the operations,
business affairs and financial condition of Parent Guarantor, the Borrower or any Restricted Subsidiary (including any Plan and any reports or other information required to be filed with the Internal Revenue Service, the Department of Labor and/or
the PBGC with respect thereto under the Code or under ERISA), or compliance with the terms of this Agreement or any other Loan Document, as the Administrative Agent may reasonably request. 

(m) Annual Budget. Within sixty (60) days of the end of each fiscal year of the Borrower (the first such period being the sixty
(60) day period after the end of fiscal year 2017), an annual operating budget for the Borrower and the Restricted Subsidiaries for the immediately succeeding fiscal year (beginning with the annual operating budget for fiscal year 2018),
including the projected monthly production of Hydrocarbons by the Borrower and the Restricted Subsidiaries and the assumptions used in calculating such projections, the projected capital expenditures to be incurred by the Borrower and the Restricted
Subsidiaries, and such other information as may be reasonably requested by the Administrative Agent. 

  
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 (n)
[Reserved].Monthly Cash Flow Reporting. No later than the fourth (4th) Business Day of each calendar month (commencing with the first full calendar month
occurring after the Fifth Amendment Effective Date), the Borrower will furnish to the Administrative Agent a monthly cash flow forecast of the Borrower and its Subsidiaries on a consolidated basis for such calendar month and each of the subsequent
two calendar months, to be in reasonable detail and in form reasonably satisfactory to the Administrative Agent. 
 (o) Production
Report and Lease Operating Statements. Concurrently with any delivery of a Reserve Report under Section 8.12, (i) a report setting forth, for each calendar month during the then current fiscal year to date, the volume of
production and sales attributable to production (and the prices at which such sales were made and the revenues derived from such sales) for each such calendar month from the Oil and Gas Properties of the Borrower and the Guarantors and (ii) a
report setting forth, for each calendar quarter during the then current fiscal year to date, the related ad valorem, severance and production taxes and lease operating expenses attributable to such production and incurred for each such calendar
quarter. 
 Documents required to be delivered pursuant to Section 8.01(a), (b) or (f) (to the extent
any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which Parent Guarantor or the Borrower posts such
documents, or provides a link thereto on Parent Guarantor’s or the Borrower’s public website; or (ii) on which such documents are posted on the Borrower’s behalf on an Internet or intranet website, if any, to which each Lender
and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent). 

The Administrative Agent may make available to the Lenders materials and/or information provided by or on behalf of Parent Guarantor and/or
the Borrower hereunder (collectively, “Company Materials”) by posting the Company Materials on SyndTrak or another similar electronic system (the “Platform”). Parent Guarantor and the Borrower hereby acknowledge
that certain of the Lenders may from time to time elect to be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information with respect to the Borrower or its securities) (each, a “Public
Lender”) and the Borrower hereby agrees that (w) all Company Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word
“PUBLIC” shall appear prominently on the first page thereof; (x) by marking Company Materials “PUBLIC,” Parent Guarantor and the Borrower shall be deemed to have authorized the Administrative Agent and the Lenders to treat
such Company Materials as either publicly available information or not material information (although it may be sensitive and proprietary) with respect to Parent Guarantor, the Borrower or their respective securities for purposes of United States
Federal and state securities laws; (y) all Company Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Investor”; and (z) the Administrative Agent shall be
entitled to treat Company Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Investor.” 

Section 8.02 Notices of Material Events. In addition to the notices required under Section 8.01 and
Section 8.10(b), the Borrower will furnish to the Administrative Agent and each Lender prompt (and in any event within five (5) Business Days of a Responsible Officer becoming aware thereof) written notice of the following: 

(a) the occurrence of any Default; 

  
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 (b) the filing or commencement of, or the threat in writing of, any action, suit,
proceeding, investigation or arbitration by or before any arbitrator or Governmental Authority against or affecting the Borrower or any other Credit Party not previously disclosed in writing to the Lenders that could reasonably be expected to result
in a Material Adverse Effect, or the occurrence of any adverse development in any such action, suit, proceeding, investigation or arbitration that is reasonably expected to result in a Material Adverse Effect; 

(c) the filing or commencement of, or the threat in writing of, any action, suit, proceeding, investigation or arbitration by or before any
arbitrator or Governmental Authority that (i) constitutes a material adverse claim against, or asserts a material cloud upon the Borrower’s or any other Credit Party’s title to, any material Mortgaged Property or other Collateral
pledged pursuant to the Security Instruments or (ii) otherwise attacks the validity or (other than by asserting a Permitted Lien) the priority of the Administrative Agent’s Liens in any material Mortgaged Property or other Collateral
pledged pursuant to the Security Instruments, or of the Security Instruments under which such Mortgaged Property or other Collateral is mortgaged or pledged; and 

(d) the occurrence of any ERISA Event that results in, or could reasonably be expected to result in, a Material Adverse Effect. 

Each notice delivered under this Section 8.02 shall be accompanied by a statement of a Responsible Officer setting forth the details of the event
or development requiring such notice and any action taken or proposed to be taken with respect thereto. 
 Section 8.03
Existence; Conduct of Business. Parent Guarantor and the Borrower will, and will cause each Restricted Subsidiary to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect (a) its legal
existence and (b) the rights, licenses, permits, privileges and franchises material to the conduct of its business and maintain, if necessary, its qualification to do business in each other jurisdiction in which its Oil and Gas Properties are
located or the ownership of its Properties requires such qualification, except where the failure to so qualify could not reasonably be expected to have a Material Adverse Effect; provided that the foregoing shall not prohibit any merger,
consolidation, liquidation or dissolution permitted under Section 9.10. Parent Guarantor and the Borrower will, and will cause each Restricted Subsidiary to maintain its legal existence in Delaware, another State within the United States
of America or the District of Columbia. 
 Section 8.04 Payment of Obligations. After giving effect to the Confirmation
Order and the Plan of Reorganization, Parent Guarantor and the Borrower will, and will cause each Restricted Subsidiary to, pay its obligations, including Tax liabilities of Parent Guarantor, the Borrower and all of its Restricted Subsidiaries
before the same shall become delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings and Parent Guarantor, the Borrower or such Restricted Subsidiary has set aside on
its books adequate reserves with respect thereto in accordance with GAAP or (b) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect or result in the seizure or levy of any
material Property of Parent Guarantor, the Borrower or any Restricted Subsidiary. 
 Section 8.05 Performance of Obligations
under Loan Documents. The Borrower will pay the Loans in accordance with the terms hereof, and Parent Guarantor and the Borrower will, and will cause each Restricted Subsidiary to, do and perform every act and discharge all of the
obligations to be performed and discharged by them under the Loan Documents. 

  
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 Section 8.06 Operation and Maintenance of Properties. Parent Guarantor
and the Borrower, at their own expense, will, and will cause each Restricted Subsidiary to: 
 (a) operate its Oil and Gas Properties and
other material Properties or cause such Oil and Gas Properties and other material Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and
agreements and in compliance with all Governmental Requirements, including applicable proration requirements and Environmental Laws, and all applicable laws, rules and regulations of every other Governmental Authority from time to time constituted
to regulate the development and operation of its Oil and Gas Properties and the production and sale of Hydrocarbons and other minerals therefrom, except, in each case, where the failure to do so could not reasonably be expected to have a Material
Adverse Effect. 
 (b) keep and maintain all Property material to the conduct of its business in good working order and condition, ordinary
wear and tear excepted, and preserve, maintain and keep in good repair, working order and efficiency (ordinary wear and tear and depletion excepted) all of its Oil and Gas Properties, except, in each case, where the failure to do so could not
reasonably be expected to have a Material Adverse Effect. 
 (c) promptly pay and discharge, or make reasonable and customary efforts to
cause to be paid and discharged, all delay rentals, royalties, expenses and indebtedness accruing under the leases or other agreements affecting or pertaining to its Oil and Gas Properties and do all other things necessary to keep unimpaired its
rights with respect thereto and prevent any forfeiture thereof or default thereunder, except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect. 

(d) promptly perform or make reasonable and customary efforts to cause to be performed, in accordance with customary industry standards, the
obligations required by the assignments, deeds, leases, sub-leases, contracts and agreements affecting its interests in its Oil and Gas Properties and other material Properties, except, in each case, where the failure to do so could not reasonably
be expected to have a Material Adverse Effect. 
 (e) To the extent the Borrower or another Credit Party is not the operator of any Property,
the Borrower shall use reasonable efforts to cause the operator to comply with this Section 8.06, but failure of the operator so to comply will not constitute a Default or an Event of Default hereunder. 

Section 8.07 Insurance. Parent Guarantor and the Borrower will, and will cause each Restricted Subsidiary to, maintain,
with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations (it being
understood and agreed that the Borrower and its Subsidiaries may self-insure to the extent and in a manner customary for companies engaged in the same or similar business of similar size and financial condition). The Administrative Agent, the
Collateral Agent and the Lenders shall be named as additional insureds in respect of such liability insurance policies, and the Collateral Agent shall be named as a loss payee with respect to property loss insurance covering Collateral and such
policies shall provide that the Administrative Agent shall receive not less than 30 days’ prior notice of cancellation or non-renewal (or, if less, the maximum advance notice that the applicable carrier will agree to provide). 

Section 8.08 Books and Records; Inspection Rights. Parent Guarantor and the Borrower will, and will cause each Restricted
Subsidiary to, keep proper books of record and account in which full, true and correct entries in conformity with GAAP are made of all dealings and transactions in relation to its business and activities (to the extent required by GAAP). Parent
Guarantor and the Borrower will, and will cause each Restricted Subsidiary to, permit any representatives designated by the Administrative 

  
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Agent, upon reasonable prior notice, to visit and inspect its Properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition with its
officers and independent accountants, all at such reasonable times and as reasonably requested, and at the sole expense of Borrower not to exceed two times in any calendar year (unless an Event of Default has occurred and is continuing). 

Section 8.09 Compliance with Laws. Parent Guarantor and the Borrower will, and will cause each Restricted Subsidiary to,
comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its Property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect. Parent Guarantor and the Borrower will maintain in effect and enforce such policies and procedures, if any, as it reasonably deems appropriate, in light of its businesses and international activities (if any), to ensure compliance by Parent
Guarantor, the Borrower, their Subsidiaries and each of their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions. 

Section 8.10 Environmental Matters. 

(a) Each of Parent Guarantor and the Borrower will at its sole expense: (i) comply, and cause its Properties and operations and each
Subsidiary and each Subsidiary’s Properties and operations to comply, with all applicable Environmental Laws, to the extent the breach thereof could be reasonably expected to have a Material Adverse Effect; (ii) not Release or threaten to
Release, and cause each Subsidiary not to Release or threaten to Release, any Hazardous Material on, under, about or from any of Parent Guarantor’s, the Borrower’s or their Subsidiaries’ Properties or any other property offsite the
Property to the extent caused by Parent Guarantor’s, the Borrower’s or any of their Subsidiaries’ operations except in compliance with applicable Environmental Laws, to the extent such Release or threatened Release could reasonably be
expected to have a Material Adverse Effect; (iii) timely obtain or file, and cause each Subsidiary to timely obtain or file, all Environmental Permits, if any, required under applicable Environmental Laws to be obtained or filed in connection
with the operation or use of Parent Guarantor’s, the Borrower’s or their Subsidiaries’ Properties, to the extent such failure to obtain or file could reasonably be expected to have a Material Adverse Effect; (iv) promptly
commence and diligently prosecute to completion, and cause each Subsidiary to promptly commence and diligently prosecute to completion, any assessment, evaluation, investigation, monitoring, containment, cleanup, removal, repair, restoration,
remediation or other remedial obligations (collectively, the “Remedial Work”) in the event any Remedial Work is required under applicable Environmental Laws because of or in connection with the actual or suspected past, present or
future Release or threatened Release of any Hazardous Material on, under, about or from any of Parent Guarantor, the Borrower’s or their Subsidiaries’ Properties, to the extent failure to do so could reasonably be expected to have a
Material Adverse Effect; (v) conduct, and cause its Subsidiaries to conduct, their respective operations and businesses in a manner that will not expose any Property or Person to Hazardous Materials that could reasonably be expected to cause
Parent Guarantor, the Borrower or their Subsidiaries to owe damages or compensation that could reasonably be expected to cause a Material Adverse Effect; and (vi) establish and implement, and shall cause each Subsidiary to establish and
implement, such procedures as may be necessary to continuously determine and assure that Parent Guarantor’s, the Borrower’s and their Subsidiaries’ obligations under this Section 8.10(a) are timely and fully satisfied, to
the extent failure to do so could reasonably be expected to have a Material Adverse Effect. 
 (b) If Parent Guarantor, the Borrower or any
Subsidiary receives written notice of any action or, investigation or inquiry by any Governmental Authority or any threatened demand or lawsuit by any Person against Parent Guarantor, the Borrower or their Subsidiaries or their Properties, in each
case in connection with any Environmental Laws, the Borrower will within fifteen days after any Responsible Officer obtains actual knowledge thereof give written notice of the same to Administrative Agent if the Borrower could reasonably anticipate
that such action will result in liability (whether individually or in the aggregate) in excess of $20,000,000, not fully covered by insurance, subject to normal deductibles. 

  
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 (c) In connection with any acquisition by Parent Guarantor, the Borrower or any Restricted
Subsidiary of any Oil and Gas Property, other than an acquisition of additional interests in Oil and Gas Properties in which Parent Guarantor, the Borrower or any Restricted Subsidiary previously held an interest, to the extent Parent Guarantor, the
Borrower or such Restricted Subsidiary obtains or is provided with same, Parent Guarantor and the Borrower will, and will cause each Restricted Subsidiary to, promptly following Parent Guarantor, the Borrower’s or such Restricted
Subsidiary’s obtaining or being provided with the same, deliver to the Administrative Agent such final and non-privileged material environmental reports of such Oil and Gas Properties as are reasonably requested by the Administrative Agent.

 Section 8.11 Further Assurances. 

(a) Each of Parent Guarantor and the Borrower at its sole expense will, and will cause each Restricted Subsidiary to, promptly execute and
deliver to the Administrative Agent all such other documents, agreements and instruments reasonably requested by the Administrative Agent to comply with, cure any defects or accomplish the conditions precedent, covenants and agreements of Parent
Guarantor, the Borrower or any Restricted Subsidiary, as the case may be, in the Loan Documents, including the Notes, or to further evidence and more fully describe the collateral intended as security for the Obligations, or to correct any omissions
in this Agreement or the Security Instruments, or to state more fully the obligations secured therein, or to perfect, protect or preserve any Liens created pursuant to this Agreement or any of the Security Instruments or the priority thereof, or to
make any recordings, file any notices or obtain any consents that may be reasonably necessary or appropriate in connection therewith. 
 (b)
Parent Guarantor and the Borrower hereby authorize the Administrative Agent to file one or more financing or continuation statements, and amendments thereto, describing all or any part of the Collateral without the signature of the Borrower or any
Guarantor where permitted by law. A carbon, photographic or other reproduction of the Security Instruments or any financing statement covering the Collateral or any part thereof shall be sufficient as a financing statement where permitted by law.

 Section 8.12 Reserve Reports. 

(a) In addition to the Initial Reserve Report which has been delivered on or prior to the Effective Date, on or before each date set out in the
right column of the following table, the Borrower shall furnish to the Administrative Agent and the Lenders a Reserve Report evaluating the Oil and Gas Properties of the Borrower and the Guarantors as of the date set out in the same line in the left
column of such table: 
  

			
	 As-of Date
	  	 Delivery Date

	July 1, 2017 and each July 1 thereafter	  	the next following September 1
	January 1, 2018 and each January 1 thereafter.	  	the next following March 1

 (b) The Reserve Reports as of January 1 of each year shall be prepared by one or more Approved Petroleum
Engineers, and the Reserve Reports as of July 1 of each year shall be prepared either by Approved Petroleum Engineers or, at the Borrower’s option, by the internal reserve engineering staff of the Borrower in accordance with the procedures
used in the immediately preceding January 1 Reserve Report. 

  
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 (c) In the event of an Interim Redetermination, the Borrower shall furnish to the
Administrative Agent and the Lenders a Reserve Report prepared either by Approved Petroleum Engineers or by Borrower’s internal reserve engineering staff, in each case in accordance with the procedures used in the immediately preceding
January 1 Reserve Report. For any Interim Redetermination requested by the Administrative Agent or the Borrower pursuant to Section 2.07(b), the Borrower shall provide such Reserve Report with an “as of” date as required
by the Administrative Agent as soon as possible, but in any event no later than thirty (30) days following the receipt of such request. 

(d) With the delivery of each Reserve Report (other than the Initial Reserve Report), the Borrower shall provide to the Administrative Agent
and the Lenders a certificate from a Responsible Officer on behalf of the Borrower certifying that in all material respects that (i) except as set forth on an exhibit to the certificate, on a net basis there are no gas imbalances, take or pay
or other prepayments in excess of the volume specified in Section 7.18 with respect to its Oil and Gas Properties evaluated in such Reserve Report which would require the Borrower or any Guarantor to deliver Hydrocarbons either generally
or produced from such Oil and Gas Properties at some future time without then or thereafter receiving full payment therefor, (ii) none of their Borrowing Base Properties have been sold since the date of the last Borrowing Base determination
except as set forth on an exhibit to the certificate, which certificate shall list all such Borrowing Base Properties sold and (iii) attached thereto is a schedule of the Borrowing Base Properties evaluated by such Reserve Report that are
Mortgaged Properties which demonstrates the percentage of the total value of the Borrowing Base Properties that the value of such Mortgaged Properties represents in compliance with Section 8.14(a). 

Section 8.13 Title Information. During the Borrowing Base Period, on or before the delivery to the Administrative Agent and
the Lenders of each Reserve Report required by Section 8.12(a), the Borrower will use commercially reasonable efforts to deliver title information in form and substance acceptable to the Administrative Agent covering enough of the Oil
and Gas Properties of the Borrower and the Guarantors evaluated by such Reserve Report that were not included in the immediately preceding Reserve Report, so that the Administrative Agent shall have received, together with title information
previously delivered to the Administrative Agent, satisfactory title information on at least 80% of the total PV-9 of the Borrowing Base Properties of the Borrower and the Guarantors evaluated by such Reserve Report. 

Section 8.14 Additional Collateral; Additional Guarantors. 

(a) During any Borrowing Base Period and in connection with each redetermination of the Borrowing Base following the Effective Date, the
Borrower shall review the Reserve Report and the list of current Mortgaged Properties (as described in Section 8.12(c)) to ascertain whether the Mortgaged Properties represent at least 95% of the total PV-9 of the Proved Reserves of the
Borrower and the Guarantors evaluated by such Reserve Report, after giving effect to exploration and production activities, acquisitions, dispositions and production. In the event that the Mortgaged Properties do not satisfy the foregoing
requirements and subject to Section 8.19(b), then the Borrower shall, and shall cause the Restricted Subsidiaries to, promptly grant, and, subject to Section 8.19(b), within thirty (30) days (or such later date as the
Administrative Agent may agree in its sole discretion) after delivery of the certificate required under Section 8.12(d), to the Administrative Agent, as security for the Obligations, Security Instruments covering additional Borrowing
Base Properties not already subject to a Lien of the Security Instruments such that after giving effect thereto, the Mortgaged Properties will comply with such requirements. All such Liens will be created and perfected by and in accordance with the
provisions of deeds of trust, security agreements and financing statements or other Security Instruments, all in form and substance reasonably satisfactory to the Administrative Agent and in sufficient executed (and acknowledged where necessary or
appropriate) counterparts for recording purposes. 

  
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 (b) The Borrower shall promptly cause each Domestic Subsidiary (other than an Excluded
Subsidiary) to guarantee the Obligations pursuant to the Guaranty and Collateral Agreement. In connection with any such guaranty, the Borrower shall, or shall cause such Subsidiary (other than a Foreign Subsidiary formed in connection with a
Redomestication Transaction) to, promptly, but in any event no later than 15 Business Days after the formation or acquisition (or other similar event) of such Subsidiary to, (i) execute and deliver a supplement to the Guaranty and Collateral
Agreement, executed by such Subsidiary, (ii) pledge all of the Equity Interests of such Subsidiary that are owned by the Borrower or any Guarantor (and deliver the original stock certificates, if any, evidencing the Equity Interests of such
Subsidiary, together with an appropriate undated stock power for each certificate duly executed in blank by the registered owner thereof), (iii) grant Liens in favor of the Collateral Agent on all Property of such Subsidiary (other than
Property excluded from the grant of such Liens pursuant to the terms of the Security Instruments) and (iv) execute and deliver such other additional closing documents, certificates and legal opinions as shall reasonably be requested by the
Administrative Agent. Notwithstanding the foregoing, the following Restricted Subsidiaries shall not be required to guarantee the Obligations or execute and deliver the Guaranty and Collateral Agreement (or a supplement to such document):
(A) any Restricted Subsidiary that is prohibited or restricted by applicable law, rule or regulation or by any contractual obligation existing on the Effective Date (or, if later, the date it becomes a Restricted Subsidiary) from guaranteeing
the Obligations or which would require governmental (including regulatory) consent, approval, license or authorization to provide a guarantee unless such consent, approval, license or authorization has been received and for only so long as such
restriction is outstanding, (B) any Foreign Subsidiary and (C) any Domestic Subsidiary of a Foreign Subsidiary that is a controlled foreign corporation within the meaning of section 957 of the Code (“CFC”) or any Domestic
Subsidiary with no material assets other than Equity Interests (or Equity Interests and Debt) of one or more Foreign Subsidiaries that are CFCs; provided that the Borrower may (in its sole discretion) cause any Domestic Subsidiary, or if
reasonably acceptable to the Administrative Agent, any Foreign Subsidiary (including any consolidated Affiliate in which the Borrower and its Subsidiaries own no Equity Interest), to become a Guarantor and to execute and deliver the Guaranty and
Collateral Agreement (or a supplement to such document). Domestic Subsidiaries may be excluded from the requirements of this Section 8.14(b) if the Administrative Agent reasonably determines that the cost, burden, difficulty or
consequence of providing such a guarantee outweighs the benefit to the Lenders afforded thereby. 
 (c) Notwithstanding any provision in any
of the Loan Documents to the contrary, in no event is any Building (as defined in the applicable Flood Insurance Regulations) or Manufactured (Mobile) Home (as defined in the applicable Flood Insurance Regulations) owned by the Borrower or any other
Credit Party required to be included in the Mortgaged Property and no Building or Manufactured (Mobile) Home shall be encumbered by any Security Instrument; provided, that (A) the Borrower’s and the other Credit Parties’
interests in all lands and Hydrocarbons situated under any such Building or Manufactured (Mobile) Home shall not be excluded from the Mortgaged Property and shall be encumbered by all applicable Security Instruments and (B) Parent Guarantor and
the Borrower shall not, and shall not permit any Restricted Subsidiaries to, permit to exist any Lien on any Building or Manufactured (Mobile) Home except Excepted Liens. 

Section 8.15 Unrestricted Parent Entities. Parent Guarantor and the Borrower: 

(a) will cause the management, business and affairs of each of Parent Guarantor, the Borrower, the Restricted Subsidiaries and the Unrestricted
Parent Entities to be conducted in such a manner (including, without limitation, by keeping separate books of accounts, furnishing separate financial statements of any Unrestricted Parent Entities to potential creditors and creditors thereof and by
not permitting Properties of Parent Guarantor, the Borrower, and the respective Restricted Subsidiaries to be commingled) so that each Unrestricted Parent Entity that is a corporation will be treated as a corporate entity separate and distinct from
Parent Guarantor, the Borrower and the Restricted Subsidiaries; 

  
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 (b) will not, and will not permit any Restricted Subsidiaries
to, incur, assume, guarantee or be or become liable for any Debt of any Unrestricted Parent Entities; and 

(c) will not permit any Unrestricted Parent Entity to hold any Equity Interest in, or any Debt of, Parent Guarantor, the Borrower or any
Restricted Subsidiary. 
 Section 8.16 Commodity Exchange Act Keepwell Provisions. The Borrower hereby absolutely,
unconditionally and irrevocably undertakes to provide to each Credit Party (other than the Borrower) such funds or other support as may be needed from time to time by such Credit Party in order for such Credit Party to honor its Obligations with
respect to any Swap Agreements or CFTC Hedging Obligations for which it is liable, whether such Swap Agreements or CFTC Hedging Obligations are entered into directly by such Credit Party or are guaranteed under the Guaranty and Collateral Agreement
(provided, however, that the Borrower shall only be liable under this Section 8.16 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 8.16,
or otherwise under this Agreement or any Loan Document, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of the Borrower under this Section 8.16
shall remain in full force and effect until this Agreement is terminated in accordance with its terms. Borrower intends that this Section 8.16 constitute a “keepwell, support, or other agreement” for the benefit of each other
Credit Party for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act. 
 Section 8.17 ERISA
Compliance. Parent Guarantor and the Borrower will promptly furnish and will cause the Subsidiaries and any ERISA Affiliate to promptly furnish to the Administrative Agent after written request therefor by the Administrative Agent, copies of
each annual and other report with respect to each Plan or any trust created thereunder, and promptly upon becoming aware of the occurrence of any “prohibited transaction,” as described in section 406 of ERISA or in section 4975 of the Code
for which no exemption exists or is available by statute, regulation, administrative exemption, or otherwise, in connection with any Plan or any trust created thereunder and that is reasonably expected to result in liability to Parent Guarantor, the
Borrower or any Subsidiary that is expected to have Material Adverse Effect, a written notice signed by the President or the principal Financial Officer, the Subsidiary or the ERISA Affiliate, as the case may be, specifying the nature thereof, what
action Parent Guarantor, the Borrower, the Subsidiary or the ERISA Affiliate is taking or proposes to take with respect thereto, and, when known, any action taken or proposed by the Internal Revenue Service or the Department of Labor with respect
thereto. 
 Section 8.18 Deposit Accounts; Commodities Accounts and Securities Accounts. Subject to
Section 8.19(a), the Borrower and each Guarantor will cause each of their respective Deposit Accounts, Commodities Accounts or Securities Accounts (in each case, other than Excluded Accounts) to, within 30 days (or such later date as the
Administrative Agent may agree in its sole discretion) following the opening of any such account, at all times be subject to an Account Control Agreement in accordance with and to the extent required by the Guaranty and Collateral Agreement. 

  
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 Section 8.19 Post-Effective Date Deliverables. 

(a) Account Control Agreements. Notwithstanding the requirements set forth in Section 8.18, with respect to each Deposit
Account, Commodities Account and Securities Account of the Credit Parties in existence on the Effective Date (other than, in each case, Excluded Accounts), on or prior to the date that is sixty (60) days following the Effective Date (or such
later date as the Administrative Agent may agree in its sole discretion), the Borrower and each Guarantor shall deliver to the Administrative Agent duly executed Account Control Agreements in accordance with and to the extent required by the
Guaranty and Collateral Agreement. 
 (b) Mortgages in respect of Oil and Gas Properties. To the extent not delivered on the Effective
Date, the Borrower shall deliver to the Administrative Agent mortgages and other Security Instruments sufficient to create first priority, perfected Liens (subject only to Permitted Liens) (i) on or prior to the date that is sixty
(60) days following the Effective Date (or such later date as the Administrative Agent may agree in its sole discretion), on at least 50% of the total PV-9 of the Borrowing Base Properties of the Borrower and the Guarantors evaluated by the
most recently delivered Reserve Report, after giving effect to exploration and production activities, acquisitions, dispositions and production and (ii) on or prior to the date that is ninety (90) days following the Effective Date (or such
later date as the Administrative Agent may agree in its sole discretion), on at least 85% of the total PV-9 of the Proved Reserves of the Borrower and the Guarantors evaluated by the most recently delivered Reserve Report, after giving effect to
exploration and production activities, acquisitions, dispositions and production. 
 (c) Swap Agreements.
The During the period beginning on September 30, 2019 and ending on
March 31, 2020, the Borrower and each Restricted Subsidiary shall enter into and maintain at all times Swap Agreements with one or more Approved Counterparties
pursuant to which the Borrower and such Restricted Subsidiaries shall hedge notional volumes of not less than, (i) during the period beginning on June 30, 2018 and ending on September 29, 2019,
65 50% of the Projected Volume determined as of September 30, 2019 and December 31, 2019 (based on the most
recently delivered Reserve Report) during such period of natural gas from Proved Developed Producing Reserves for each calendar quarter during the subsequent eighteen
(18) calendar month period immediately following any date of determination (as forecasted based upon the most recently delivered Reserve Report) and (ii) during the period beginning on September 30, 2019 and ending on March 30,
2020, 50% of the Projected Volume (based on the most recently delivered Reserve Report) of natural gas from Proved Developed Producing Reserves for each calendar quarter during the subsequent eighteen (18) calendar month period immediately
following any date of determination (as forecasted based upon the most recently delivered Reserve Report); provided, that to the extent the Borrower was in compliance, as of the date immediately preceding the date of delivery
of a new Reserve Report, with this Section 8.19(c) in respect of each calendar quarter during the subsequent eighteen (18) calendar month period immediately following such date of determination and the delivery of a
new Reserve Report hereunder results in a failure to satisfy the requirements of this Section 8.19(c) in respect of such eighteen (18) calendar month period, the Credit Parties shall have thirty (30) days
following the delivery of such Reserve Report (or such later date as the Majority Lenders may agree in their sole discretion) to enter into additional Swap Agreements to the extent necessary to satisfy the requirements of this
Section 8.19(c); provided, further; provided, that if the Borrower reasonably determines that the
Lenders (and their respective Affiliates) have insufficient aggregate capacity to enter into Swap Agreements with one or more Credit Parties for at least the minimum volumes of natural gas for each fiscal
quartersuch period required pursuant to this Section 8.19(c), then the requirements of this Section 8.19(c) shall be reduced solely to the extent necessary
to reflect the maximum volumes of natural gas for each fiscal quarter for which the Lenders (and their respective Affiliates) have aggregate capacity to enter into such Swap Agreements. 

  
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 ARTICLE IX 

NEGATIVE COVENANTS 
 Until
the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder and all other amounts payable under the Loan Documents have been paid in full and all Letters of Credit have expired (without
any pending drawings thereon) or terminated (or cash collateralized) and all LC Disbursements shall have been reimbursed, each of Parent Guarantor and the Borrower covenants and agrees with the Lenders that: 

Section 9.01 Financial Covenants[Reserved].. 

(a) Interest Coverage Ratio. The Borrower will not permit, as of the last day of any
fiscal quarter commencing with the fiscal quarter ending September 30, 2017, the ratio of (i) the EBITDAX for the Rolling Period ending on such date to (ii) the Consolidated Interest Expense of the Borrower for the Rolling Period
ending on such date, to be less than 2.5 to 1.0. 
 (b) Current Ratio.
The Borrower will not permit, as of the last day of any fiscal quarter commencing with the fiscal quarter ending September 30, 2017, the ratio of consolidated current
assets of the Borrower and the Consolidated Restricted Subsidiaries (including the unused amount of the Loan Limit, but excluding non-cash assets under the equivalent of ASC 815 under GAAP) as of such date to consolidated current
liabilities of the Borrower and the Consolidated Restricted Subsidiaries (excluding (i) non-cash obligations under the equivalent of ASC 815 under GAAP, (ii) current maturities under this Agreement and (iii) current required
amortization payments under the Term Loan Agreement) as of such date to be less than 1.0 to 1.0. 
 (c)
Consolidated Net Leverage Ratios. The Borrower will not permit the Consolidated Net Leverage Ratio to exceed, as of the last day of each of the following fiscal quarters, the
ratio set forth next to such fiscal quarter in the table below: 
  

					
	 Fiscal Quarters (ending)
	  	Consolidated Net Leverage Ratio	 
	 December 31, 2018
	  	 	4.50 to 1.0	 
	 March 31, 2019 through June 30, 2019
	  	 	4.75 to 1.0	 
	 September 30, 2019 through June 30, 2020
	  	 	4.90 to 1.0	 
	 September 30, 2020
	  	 	4.50 to 1.0	 
	 December 31, 2020 and each other fiscal quarter end
thereafter
	  	 	4.25 to 1.0	 

 Notwithstanding the foregoing, for each full increment of $50,000,000 in cash or Cash Equivalents
constituting Make-Whole Settlement Proceeds received by any Credit Party prior to the last day of any fiscal quarter, the Consolidated Net Debt component of the Consolidated Net Leverage Ratio as of the last day of the fiscal quarter of receipt (and
the last day of each fiscal quarter thereafter) shall be reduced by 0.1;provided that such reduction shall not decrease the Consolidated Net Debt component of the Consolidated Net Leverage Ratio with respect to any fiscal quarter below
4.25. 

  
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 (d) Asset Coverage Ratio. At any
time during an Investment Grade Period, the Borrower will not permit, as of the last day of any fiscal quarter commencing with the first fiscal quarter ending during such Investment Grade Period, the Asset Coverage Ratio as of such date to be less
than 1.50 to 1.00. 
 Section 9.02 Debt. Parent Guarantor and the Borrower will not, and will not permit any
Restricted Subsidiary to, incur, create, assume or suffer to exist any Debt, except: 
 (a) the Notes or other Obligations arising under the
Loan Documents. 
 (b) Debt under Capital Leases or that constitutes Purchase Money Indebtedness; provided that the sum of
(i) the aggregate principal amount of all Debt described in this Section 9.02(b) at any one time outstanding shall not exceed $50,000,000 in the aggregate. 

(c) intercompany Debt owing by the Borrower or any Guarantor to the Borrower or any Guarantor. 

(d) Debt constituting a guaranty by Borrower or any other Credit Party of other Debt permitted to be incurred under this
Section 9.02. 
 (e) Existing Senior Notes and related Existing Senior Notes Debt. 

(f) Debt that represents an extension, refinancing, or renewal of any of the Existing Senior Notes Debt or Debt issued pursuant to
Section 9.02(g) or (i); provided that, (i) the principal amount of such Debt is not increased (other than by the costs, fees, premiums and expenses and by accrued and unpaid interest paid in connection with any such
extension, refinancing or renewal), (ii) such extension, refinancing or renewal does not result in any principal amount owing in respect of Existing Senior Notes Debt becoming due earlier than the date that is 91 days after the Maturity Date,
(iii) if the Existing Senior Notes Debt that is refinanced, renewed, or extended was subordinated in right of payment to the Obligations, then the terms and conditions of the refinancing, renewal, or extension Debt must include subordination
terms and conditions that are at least as favorable to the Administrative Agent and the Lenders as those that were applicable to the refinanced, renewed, or extended Debt, (iv) such Debt is not guaranteed by or otherwise have recourse to any
obligors not obligated on the Debt being refinanced and (iv) such Debt does not otherwise have a payment priority senior in any way to the Debt being refinanced. 

(g) Debt arising under the Term Loan Documents; provided that the aggregate principal amount of all such Debt described in this
Section 9.02(g) at any one time outstanding does not exceed the aggregate amount of the Term Loan Exposure on the Third Amendment Effective Date plus any increase in the principal amount due to interest paid in kind or
capitalized. 
 (h) Debt under Swap Agreements permitted pursuant to Section 9.18; 

(i) [Reserved]; and 

(j) Permitted Junior Exchange Debt consisting of (x) Permitted Second Lien Debt incurred on the Initial Exchange Date in an aggregate
principal amount not to exceed $545,000,000 plus any increase to such principal amount after the Initial Exchange Date solely resulting from interest that is paid in-kind on such Debt; provided that after giving effect to the incurrence of
such Permitted Second Lien Debt on the Initial Exchange Date, there shall have been an aggregate decrease in Debt described in clause (a) of the definition thereof of the Borrower of not less than $224,800,000, (y) Permitted Second 

  
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Lien Debt incurred from the Initial Exchange Date to, and including, the one-year anniversary of the Initial Exchange Date in an aggregate amount not to exceed $55,100,000 plus any increase to
such principal amount after the Initial Exchange Date solely resulting from interest that is paid in-kind on such Debt; provided, such Debt shall only be permitted pursuant to this Section 9.02(j)(y) if such Debt is issued in
exchange for, or the net proceeds thereof are used solely to repay, the applicable 2022 Notes at a price per each $1,000 aggregate principal amount of the applicable 2022 Notes validly exchanged not to exceed (A) $720 aggregate principal amount
of such Permitted Second Lien Debt incurred pursuant to this Section 9.02(j)(y), plus (B) 14.0 warrants with economic terms identical to those of the warrants issued in the transactions contemplated by the Exchange Agreement dated
December 17, 2018, by and among the Borrower, the Guarantors and the other parties identified on Schedule I thereto, plus (C) an amount of cash necessary to pay any accrued and unpaid interest on the 2022 Notes redeemed or retired pursuant
to this Section 9.02(j)(y) and/or (z) Permitted Third Lien Debt incurred after the Initial Exchange Date in an aggregate principal amount not to exceed $240,000,000 plus any increase to such principal amount resulting from interest
that is paid in-kind on such Debt; provided that, in the case of each incurrence of Debt pursuant to this Section 9.02(j), as of the time of the issuance thereof and after giving pro forma effect thereto and to the use of proceeds
thereof, (x) no Event of Default has occurred and is continuing and (y) the annual aggregate cash interest expense payable with respect to any such Debt shall not exceed the annual aggregate cash interest expense that would have been
payable with respect to such Existing Senior Notes refinanced thereby during the 12-month period preceding such refinancing; provided further, that in respect of any such Debt incurred under this clause (z) (other than any such
Debt that is incurred in exchange for Excepted 2022 Notes), such Debt shall only be permitted pursuant to this Section 9.02(j)(z) if such Debt is issued in exchange for, or the net proceeds thereof are used solely to repay, the
applicable Exchanged Notes at a price that is no greater than 75% of the principal amount of such Exchanged Notes; and 
 (k) Debt that
represents an extension, refinancing, or renewal of any Debt permitted under Section 9.02(j); provided that, (i) the principal amount of such Debt is not increased (other than by the costs, fees, premiums and expenses and by
accrued and unpaid interest paid in connection with any such extension, refinancing or renewal), (ii) such Debt shall not (x) be secured by a Lien on or otherwise have recourse to any assets that did not secure the Debt being refinanced
unless such Debt is subject to the Second Lien Intercreditor Agreement or Third Lien Intercreditor Agreement, as applicable and the Borrower has granted, or concurrently therewith grants, a Lien on such asset to secure the Obligations, (y) be
secured by a Lien unless the Debt being refinanced is secured and such Lien is pari passu with or junior in priority to the Lien securing the Debt being refinanced and subject to the Second Lien Intercreditor Agreement or Third Lien Intercreditor
Agreement, as applicable, (y) be guaranteed by or otherwise have recourse to any obligors not obligated on the Debt being refinanced or (z) otherwise have a payment priority senior in any way to the Debt being refinanced and (iii) the
terms and conditions of such Debt meet the requirements of clauses (a), (b), (d) and (e) of the definition of “Permitted Junior Exchange Debt”. 

Section 9.03 Liens. Parent Guarantor and the Borrower will not, and will not permit any Restricted Subsidiary to, create,
incur, assume or permit to exist any Lien on any of its Properties (now owned or hereafter acquired), except: 
 (a) Liens securing the
Obligations; 
 (b) Excepted Liens; 

  
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 (c) Liens securing Capital Leases and Purchase Money Indebtedness permitted by
Section 9.02(b) but only on the Property under lease or the Property purchased, constructed or improved with such Purchase Money Indebtedness; 

(d) Liens securing the Term Loans and the “Obligations” as defined in the Term Loan Credit Agreement; 

(e) Liens on cash deposits securing obligations under Swap Agreements; provided that the amount of such cash deposits shall not exceed
$25,000,000 in the aggregate at any time; 
 (f) [Reserved]; and 

(g) Liens on the Collateral securing Debt permitted by Section 9.02(j) and Section 9.02(k); provided that such
Liens are subordinated to the Liens securing the Obligations pursuant to the applicable Junior Lien Intercreditor Agreements. 

Section 9.04 Restricted Payments and Payments in Respect of Certain Debt. 

(a) The Parent Guarantor and the Borrower shall not, and shall not permit any Restricted Subsidiary to, declare or make, or agree to pay or
make, directly or indirectly (collectively in this section, “make”), any Restricted Payment except: 
 (i) the Borrower or
any Guarantor may make Restricted Payments to the Borrower or any other Guarantor; 
 (ii) Parent Guarantor may make Restricted Payments
with respect to its Equity Interests payable solely in additional shares of its Equity Interests (other than Disqualified Capital Stock); 

(iii) Parent Guarantor, the Borrower and its Restricted Subsidiaries may make Restricted Payments pursuant to stock option plans or other
benefit plans for the benefit of the employees, management and directors of Parent Guarantor, the Borrower and its Restricted Subsidiaries so long as no Event of Default exists at the time of such payment or results therefrom; and 

(iv) on or after September 1, 2019, Parent Guarantor, the Borrower and its Restricted Subsidiaries may purchase, redeem or otherwise
acquire or retire for value (including, without limitation, in connection with any merger or consolidation involving the Parent Guarantor or the Borrower) any Equity Interests of the Parent Guarantor or the Borrower, so long as (A) no Event of
Default exists or is continuing or would result therefrom, (B) (x) during an Investment Grade Period, the ratio of Availability to the total Revolving Credit Exposures of all
Lenders at such time is not less than 1:9 and (y) during a Borrowing Base Period, Availability is not less than 10% of the Borrowing Base in effect at such time, (C) no Borrowing Base Deficiency exists
or would result therefrom and (D) the Consolidated Net Leverage Ratio is less than 2.25:1.00 determined on a pro forma basis for the most recently ended Rolling Period for which
internal financial statements are available immediately preceding the date for which such Restricted Payment is being made. 

  
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 (b) Parent Guarantor and the Borrower will not, and will not permit any Restricted
Subsidiary to, prior to the date that is 91 days after the Maturity Date, make or offer to make any optional or voluntary Redemption of or otherwise optionally or voluntarily Redeem (whether in whole or in part) any principal of any Existing Senior
Notes Debt, any Permitted Junior Exchange Debt or any Debt permitted under Section 9.02(f) or Section 9.02(k) that represents an extension, refinancing, or renewal of the foregoing, except that: 

(i) so long as no Borrowing Base Deficiency or Event of Default exists or results therefrom, Parent Guarantor, the Borrower or the applicable
Restricted Subsidiary may, substantially contemporaneously with its receipt of any cash proceeds from any sale by Parent Guarantor or the Borrower of Equity Interests in Parent Guarantor or the Borrower, as applicable, voluntarily prepay or
otherwise Redeem any principal of Existing Senior Notes Debt in an amount equal to the amount of the net cash proceeds received by Parent Guarantor, the Borrower and/or Restricted Subsidiaries from such sale of Equity Interests (other than
Disqualified Capital Stock) of Parent Guarantor or the Borrower; 
 (ii) the Credit Parties may refinance (A) Existing Senior Notes
Debt in accordance with Section 9.02(f) and (B) Permitted Junior Exchange Debt in accordance with Section 9.02(k); 

(iii) after September 1, 2019, voluntary prepayments or other Redemptions made at any such time during which,
immediately after giving effect to such prepayment or Redemption on a pro forma basis, (A) no Event of Default exists or is continuing, (B) (x) during an Investment Grade Period, the ratio of Availability to the total Revolving Credit
Exposures of all Lenders at such time is not less than 1:9 and (y) during a Borrowing Base Period, Availability is not less than 10% of the Borrowing Base in effect at such time, (C) no Borrowing Base Deficiency exists and (D) the
Consolidated Net Leverage Ratio is less than or equal to 3.00 to 1.00 shall be permitted; provided that this clause (iii) shall be available solely for voluntary prepayment or Redemption of
(x) Permitted Third Lien Debt, (yof (A) Permitted Junior Exchange Debt, (B) the Existing Senior Notes or
(zC) any Debt permitted under Section 9.02(f) or Section 9.02(k) that represents an extension, refinancing, or renewal thereof (the debt
described in the immediately foregoing clauses (x) through (z), the “Subject Debt”), and solely to the extent such voluntary prepayment or Redemption is at a price in cash equal to no greater than 35% of the principal amount of such
Subject Debt;shall be permitted so long as, (1) immediately after giving effect to such prepayment or Redemption on a pro forma basis, (x) there shall be no outstanding
Loans under this Agreement (excluding, for the avoidance of doubt, any undrawn Letters of Credit outstanding at such time), (y) the Borrower and its Restricted Subsidiaries have accumulated a balance of unencumbered cash and Cash Equivalents (it
being understood that cash and Cash Equivalents that are encumbered or that would appear as “restricted” on a consolidated balance sheet solely because such cash or Cash Equivalents are subject to an Account Control Agreement shall be
deemed to be unrestricted and unencumbered for purposes hereof) in a minimum amount such that no Borrowings are expected to be necessary under this Agreement at any time during the immediately succeeding period of one hundred eighty
(180) calendar days, in the case of this clause (y), as evidenced by a reasonably detailed calculation set forth in a certificate of a Financial Officer that has been delivered to the Administrative Agent no later than two (2) Business
Days prior to such Redemption) and (z) the Consolidated First Lien Net Leverage Ratio is less than or equal to 3.00 to 1.00; and (2) the Borrower shall have delivered to the Administrative Agent the monthly consolidated statement of
operations of the Borrower for the twelve-month period on which such calculation of the Consolidated First Lien Net Leverage Ratio is based no later than two (2) Business Days prior to such Redemption (it being understood that for purposes of
this clause (iii) the date of such prepayment or Redemption shall be the date that the Parent Guarantor, the Borrower or the applicable Restricted Subsidiary becomes contractually bound or otherwise obligated to make such Redemption; and

 (iv) the Borrower may consummate (A) a Permitted Notes Exchange and (B) purchases, repurchases, redemptions or other
acquisitions or retirements of any (x) Existing Senior Notes, (y) Permitted Junior Exchange Debt and (z) any Debt permitted under Section 9.02(f) or Section 9.02(k) with respect to the foregoing, in each case with
the proceeds of or in exchange for the Equity Interests in the Parent Guarantor; and. 

  
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 (v) voluntary prepayments or other Redemptions of Subject Debt
within one-year of the maturity thereof in an aggregate amount not to exceed $50,000,000 for all such prepayments and other Redemptions made at any such time as long as, immediately after giving effect to such prepayment or Redemption on a pro
forma basis, (A) no Event of Default exists or is continuing, (B) (x) during an Investment Grade Period, the ratio of Availability to the total Revolving Credit Exposures of all Lenders at such time is not less than 1:9 and
(y) during a Borrowing Base Period, Availability is not less than 10% of the Borrowing Base in effect at such time, (C) no Borrowing Base Deficiency exists and (D) the Consolidated Net Leverage Ratio is less than or equal to 3.00 to
1.00 shall be permitted. 
 Section 9.05 Investments, Loans and Advances. Parent Guarantor and the Borrower will
not, and will not permit any Restricted Subsidiary to, make, or permit to remain outstanding, any Investments in or to any Person, except that the foregoing restriction shall not apply to: 

(a) Investments made prior to the Effective Date and reflected in the financial statements referred to in Section 7.04 or that are
disclosed to the Lenders in Schedule 9.05. 
 (b) Cash Equivalents. 

(c) Investments made by Parent Guarantor or the Borrower in or to any Guarantor or made by any Guarantor (including any newly formed Restricted
Subsidiary that becomes a Guarantor in accordance with this Agreement) in or to the Borrower or any other Guarantor (including any newly formed Restricted Subsidiary that becomes a Guarantor in accordance with this Agreement). 

(d) loans or advances to employees, officers or directors in the ordinary course of business of Parent Guarantor, the Borrower or any
Restricted Subsidiaries, in each case only as permitted by applicable law, but in any event not to exceed $5,000,000 in the aggregate at any time outstanding. 

(e) Investments in stock, obligations or securities received in settlement of debts arising from Investments permitted under this
Section 9.05 or from accounts receivable and other similar obligations arising in the ordinary course of business, which Investments are obtained by Parent Guarantor, the Borrower or any Restricted Subsidiary as a result of a bankruptcy
or other insolvency proceeding of, or difficulties in collecting from, the obligor in respect of such obligations. 
 (f) Investments
constituting Debt permitted under Section 9.02. 
 (g) Investments made at any such time during which, immediately after giving
effect to the making of any such Investment on a pro forma basis, (A) no Event of Default exists or is continuing, (B) (x) during an Investment Grade Period, the ratio of Availability to the total Revolving Credit Exposures of
all Lenders at such time is not less than 1:9 and (y) during a Borrowing Base Period, Availability is not less than 10% of the Borrowing Base in effect at such time, (C) no Borrowing Base Deficiency exists and (D) the Consolidated Net
Leverage Ratio is less than or equal to 3.00 to 1.00. 
 (h) Investments in Industry Investments not to exceed
$50,000,00025,000,000 in the aggregate at any time outstanding. 

  
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 Section 9.06 Nature of Business; International Operations. Parent
Guarantor and the Borrower will not, and will not permit any Restricted Subsidiary to, allow any material change to be made in the character of its business as a company engaged in the Oil and Gas Business. From and after the date hereof, Parent
Guarantor, the Borrower and the Restricted Subsidiaries will not acquire or commit to acquire any Oil and Gas Properties not located within the geographical boundaries of the United States of America and the Borrower and the Restricted Subsidiaries
will not form or acquire any Foreign Subsidiaries. Parent Guarantor shall not directly own any interest in any Oil and Gas Property. Any Oil and Gas Properties of the Credit Parties will at all times be owned by the Borrower or one or more
Restricted Subsidiaries. 
 Section 9.07 [Reserved]. 

Section 9.08 ERISA Compliance. Parent Guarantor and the Borrower will not, and will not permit any Subsidiary to, at any
time: 
 (a) engage in, or permit any ERISA Affiliate to engage in, any transaction in connection with which the Borrower or a Subsidiary
could be subjected to either a civil penalty assessed pursuant to subsections (i) or (l) of section 502 of ERISA or a tax imposed by section 4975 of the Code, except where such penalty or tax could not reasonably be expected to have a
Material Adverse Effect. 
 (b) fail to make, or permit any ERISA Affiliate to fail to make, full payment when due of all amounts which,
under the provisions of any Plan, agreement relating thereto or applicable law, Parent Guarantor, the Borrower, a Subsidiary or any ERISA Affiliate is required to pay as contributions thereto, except where such failure could not reasonably be
expected to have a Material Adverse Effect. 
 (c) contribute to or assume an obligation to contribute to, or permit any ERISA Affiliate to
contribute to or assume an obligation to contribute to, any employee welfare benefit plan, as defined in section 3(1) of ERISA that provides benefits to retirees or former employees of such entities that may not be terminated by such entities in
their sole discretion at any time without any liability other than for benefits due as of, or claims incurred prior to, the effective date of such termination, except where such contribution or assumption of an obligation could not reasonably be
expected to have a Material Adverse Effect. 
 Section 9.09 Sale or Discount of Notes or Receivables. Except for the sale
of defaulted notes or accounts receivable not made in connection with any financing transaction, Parent Guarantor and the Borrower will not, and will not permit any Restricted Subsidiary to, sell (with or without recourse or discount) any of its
notes receivable or accounts receivable to any Person other than the Borrower or any Guarantor. The settlement or compromise of joint interest billings or of accounts receivable and other receivables in connection with the collection or compromise
thereof will not constitute a sale for the purposes of the preceding sentence. 
 Section 9.10 Mergers, Etc. Parent
Guarantor and the Borrower will not, and will not permit any Restricted Subsidiary to, merge into or with or consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or sell, transfer, lease or otherwise
dispose of (whether in one transaction or in a series of transactions) all or substantially all of its Property to any other Person (whether now owned or hereafter acquired) (any such transaction, a “consolidation”), or liquidate or
dissolve; provided that, so long as no Event of Default has occurred and is then continuing, any Restricted Subsidiary may be liquidated or may participate in a merger or consolidation with the Borrower or Parent Guarantor ( provided
that the Borrower or Parent Guarantor shall be the survivor) or any other Restricted Subsidiary or another Person who becomes a Restricted Subsidiary concurrent with such merger or consolidation; provided, further, that notwithstanding the
foregoing, so long as no Event of Default has occurred and is then continuing, the Parent Guarantor may consummate a Redomestication Transaction. 

  
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 Section 9.11 Sale of Properties and Liquidation of Swap Agreements. As
used herein, “Transfer” means to sell, assign, farm-out, convey or otherwise transfer Property or to Liquidate any Swap Agreement in respect of commodities, provided that Transfer does not include the grant or creation of a
Lien. Parent Guarantor and the Borrower will not, and will not permit any Restricted Subsidiary to, Transfer (1) any Oil and Gas Property or any interest in Hydrocarbons produced or to be produced therefrom, (2) any commodity Swap
Agreement or (3) any Equity Interest in any Restricted Subsidiary that owns any Oil and Gas Property, any interest in Hydrocarbons produced or to be produced therefrom, or any commodity Swap Agreement (in this Section 9.11, an
“E&P Subsidiary”), except for: 
 (a) the sale of Hydrocarbons in the ordinary course of business; 

(b) farmouts of undeveloped acreage and assignments in connection with such farmouts; 

(c) Transfers among Parent Guarantor, the Borrower and the Restricted Subsidiaries provided that the provisions of
Section 8.14 are complied with to the extent applicable; 
 (d) the sale or transfer of Unproven Acreage or of any Equity
Interests in any E&P Subsidiary (other than an E&P Subsidiary that owns any Borrowing Base Properties, any interest in Hydrocarbons produced or to be produced therefrom, or any commodity Swap Agreement included in the most recent
determination of the Borrowing Base), provided that (i) prior to and after giving effect to such sale or transfer, the Borrower is in compliance with Section 9.18, (ii) if a Borrowing Base Deficiency Exists prior to such
sale or transfer, 100% of the net cash proceeds of such sale or transfer are applied to prepay the loans up to an amount sufficient to cure such Borrowing Base Deficiency and (iii) prior to and after giving effect to such sale or transfer, no
Default or Event of Default exists at such time; and 
 (e) Transfers of Borrowing Base Properties, of commodity Swap Agreements, and of
Equity Interests in any E&P Subsidiary that owns any Borrowing Base Properties, any interest in Hydrocarbons produced or to be produced therefrom or any commodity Swap Agreement included in the most recent determination of the Borrowing Base,
provided that: 
 (i) the consideration received in respect of such Transfer shall be cash, the assumption of liabilities (including
indemnification obligations) related to the Borrowing Base Properties Transferred, new Oil and Gas Properties (and related Additional Oil and Gas Assets) and new commodity Swap Agreements acquired, or Investments permitted under
Section 9.05; 
 (ii) the consideration received in respect of such Transfer shall be equal to or greater than the fair market
value of the Borrowing Base Properties, commodity Swap Agreements and Equity Interests in E&P Subsidiaries that are Transferred (as reasonably determined by the Borrower and, if requested by the Administrative Agent, the Borrower shall deliver a
certificate of the Borrower certifying to that effect); 
 (iii) if any such Transfer is of an E&P Subsidiary, such Transfer shall
include all the Equity Interests of such E&P Subsidiary owned by Parent Guarantor, the Borrower and the Restricted Subsidiaries; and 

  
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 (iv) if any Transfer pursuant to this subsection (e) would trigger an Additional
Interim Redetermination Event, the Borrower shall deliver to the Administrative Agent five (5) Business Days’ prior written notice of such Transfer or Liquidation and shall provide the Administrative Agent with such information regarding such
Transfer as the Administrative Agent may reasonably request. 
 To the extent that Transfers made pursuant to subsection (e) would trigger an
Additional Interim Redetermination Event, then the Borrowing Base will be reduced by the Borrowing Base Value of the Borrowing Base Properties and commodity Swap Agreements, as applicable, in excess of 5% of the Borrowing Base then in effect,
effective upon delivery by the Administrative Agent of the related New Borrowing Base Notice under Section 2.07(d), and if a Borrowing Base Deficiency exists after such reduction in the Borrowing Base, the Borrower shall prepay
Borrowings in accordance with Section 3.04(c)(iii). For the purposes of the preceding sentence and the preceding subsection (e), the Transfer of an E&P Subsidiary owning such Borrowing Base Properties and/or commodity Swap Agreements
shall be deemed the Transfer of the Borrowing Base Properties and the Liquidation of commodity Swap Agreements owned such E&P Subsidiary. 

Section 9.12 Transactions with Affiliates. Parent Guarantor and the Borrower will not, and will not permit any Restricted
Subsidiary to, enter into any transaction, with any Affiliate (other than Parent Guarantor, the Borrower and the Restricted Subsidiaries) unless such transaction is upon terms that are no less favorable to it than those that could reasonably be
expected to be obtained in a comparable arm’s length transaction with a Person not an Affiliate or that are otherwise fair to Parent Guarantor, the Borrower or such Restricted Subsidiary from a financial point of view. The restrictions set
forth in this Section 9.12 shall not apply to (a) executing, delivering, and performing obligations under the Loan Documents, the “Loan Documents” as defined under the Term Loan Agreement and the Existing Senior Notes
Documents; (b) compensation to, and the terms of employment contracts with, individuals who are officers, managers and directors of Parent Guarantor or the Borrower, provided such compensation or contract is approved by Ultra
Petroleum’s board of directors, (c) the issuance of Equity Interests (other than Disqualified Stock) by Parent Guarantor or the Borrower, (d) transactions permitted under Section 9.04 or Section 9.05 or
otherwise expressly permitted under this Agreement and (e) transactions contemplated by the Plan of Reorganization. 

Section 9.13 Subsidiaries. Parent Guarantor and the Borrower will not, and will not permit any Restricted Subsidiary to,
create or acquire any additional Restricted Subsidiary unless the Borrower gives written notice to the Administrative Agent of such creation or acquisition and complies with Section 8.14(b). Parent Guarantor and the Borrower will not,
and will not permit any Restricted Subsidiary to, sell, assign or otherwise dispose of any Equity Interests in the Borrower or any Restricted Subsidiary except (a) to the Borrower or another Restricted Subsidiary or (b) in compliance with
Section 9.11. None of the Borrower or any Restricted Subsidiary will have any Foreign Subsidiaries. Parent Guarantor and the Borrower will not permit any Equity Interests of any Restricted Subsidiary to be directly owned by any Person
other than the Borrower or another Restricted Subsidiary. UP Energy will not directly own any subsidiary other than the Borrower and any Unrestricted Parent Entity. 

Section 9.14 Negative Pledge Agreements; Subsidiary Dividend Restrictions. Parent Guarantor and the Borrower will not, and
will not permit any Restricted Subsidiary to, create, incur, assume or suffer to exist any contract, agreement or understanding (other than (i) this Agreement and the Security Instruments, (ii) agreements with respect to Debt secured by
Liens permitted by Section 9.03(c) but then only with respect to the Property that is financed by such Debt, (iii) documents creating Liens which are described in clause (d), (f), (h) or (i) of the definition of
“Excepted Liens”, but then only with respect to the Property that is the subject of the applicable lease, document or license described in such clause (d), (f), (h) or (i) and (iv) agreements with respect to any Debt
permitted under Section 9.02(j) or 

  
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Section 9.02(k)) that in any way prohibits or restricts the granting, conveying, creation or imposition of the Liens on any of its Property in favor of the Collateral Agent for the
benefit of the Secured Parties that are created pursuant to the Security Instruments to secure the Obligations. Parent Guarantor and the Borrower will not, and will not permit any Restricted Subsidiary to, create, incur, assume or suffer to exist
any contract, agreement or understanding (other than the Loan Documents, the Term Loan Documents and the Existing Senior Notes Documents) that restricts any Restricted Subsidiary from paying dividends or making any other distributions in respect of
its Equity Interests to Parent Guarantor, the Borrower or any other Restricted Subsidiary. 
 Section 9.15
[Reserved]. 
 Section 9.15
Maximum Capital Expenditures. The Borrower will not permit Capital Expenditures to exceed the following allotments in the applicable fiscal quarter: (a) $65,000,000 in the aggregate
during the fiscal quarter ending on September 30, 2019, (b) $10,000,000 in the aggregate during the fiscal quarter ending on December 31, 2019 and (c) $5,000,000 in the aggregate during any fiscal quarter thereafter (with respect
to any such fiscal quarter, the “Maximum Capital Expenditure Allotment”); provided that (i) the unused portion of any applicable Maximum Capital Expenditure Allotment (limited to an amount of up to $5,000,000 of the Maximum Capital
Expenditure Allotment for each of the first two fiscal quarters following the Fifth Amendment Effective Date), if not expended in the allotted fiscal quarter, may be carried over for expenditure in the succeeding fiscal quarters, (ii) Capital
Expenditures made pursuant to this Section during any fiscal quarter shall be deemed made first in respect of amounts permitted for such fiscal quarter as provided above and second, in respect of amounts carried over from any prior fiscal quarter
pursuant to clause (i) and (iii) the aggregate amount carried forward from all preceding fiscal quarters to any one succeeding fiscal quarter pursuant to clause (i) above cannot exceed $5,000,000 (and, for the avoidance of doubt, if the
aggregate amount carried forward from all preceding fiscal quarters to any one succeeding fiscal quarter pursuant to clause (i) above would be greater than $5,000,000 but for the operation of this clause (iii), any such excess amounts may not
be carried forward to such succeeding fiscal quarter or any future fiscal quarter). 
 Section 9.16 Non-Qualified ECP
Counterparties. Parent Guarantor and the Borrower shall not permit any Guarantor that is not a Qualified ECP Counterparty to own, at any time, any Borrowing Base Properties. The Borrower shall not permit any Guarantor that is not a Qualified
ECP Counterparty to own, at any time, any Equity Interests in any Restricted Subsidiaries. 
 Section 9.17 Modifications to Debt
Documents. 
 (a) Parent Guarantor and the Borrower will not, and will not permit any Restricted Subsidiary to, amend, modify, waive
or otherwise change, consent or agree to any amendment, modification, waiver or other change to any of the terms of the Existing Senior Notes Documents if (a) the effect thereof would be to shorten the maturity of the Existing Senior Notes Debt
to a date earlier than the date that is 91 days after the Maturity Date or to provide a right to require Redemption of any Existing Senior Notes Debt earlier than the date that is 91 days after the Maturity Date, (b) the effect thereof would be
to increase the principal amount of such Existing Senior Notes Debt (other than in connection with a refinancing permitted under Section 9.02(f)), or (c) such action adds or amends any financial ratio covenants, negative covenants
or events of default to cause the financial ratio covenants, negative covenants or events of default to be materially more onerous, taken as a whole and as determined by the board of directors of Parent Guarantor, than those in this Agreement
without this Agreement being contemporaneously amended to add similar provisions; or 

  
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 (b) enter into, cause or permit to exist or become effective any amendment, restatement,
supplement, modification or refinancing (or successive amendments, restatements, supplements, modifications or refinancings) of the Second Lien Indenture, including any guarantees, collateral documents, instruments and agreements executed in
connection therewith (the “Second Lien Indenture Documents”), (x) if (a) the effect thereof would be to shorten the maturity of the Debt outstanding under the Second Lien Indenture Documents to a date earlier than the date
that is 91 days after the Maturity Date or to provide a right to require Redemption of any such Debt earlier than the date that is 91 days after the Maturity Date, (b) the effect thereof would be to increase the principal amount of such Debt
(other than to the extent permitted under Section 9.02(j)), or (c) such action adds or amends any financial ratio covenants, negative covenants or events of default to cause the financial ratio covenants, negative covenants or
events of default to be materially more onerous, taken as a whole and as determined by the board of directors of Parent Guarantor, than those in this Agreement except to the extent permitted by the definition of “Permitted Junior Exchange
Debt” or (y) that increases (1) the interest rate or yield, including by increasing the “applicable margin” or similar component of the interest rate (including to provide for additional compounded or interest paid in-kind),
through original issue discount or by modifying the method of computing interest, or (2) a letter of credit, commitment, facility, utilization, makewhole or similar fee (but excluding any customary consent, amendment, arrangement or similar
fees) so that the combined interest rate and fees are increased by more than 2.50% per annum with respect to Second Lien Indenture Documents as in effect on the Initial Exchange Date, in each instance in the aggregate at any level of pricing,
but excluding increases from the accrual of interest at the “Post-Default Rate” defined in Second Lien Indenture Documents as in effect on the Initial Exchange Date or, for a refinancing, a rate that corresponds to the “Post-Default
Rate”. 
 Section 9.18 Swap Agreements. 

(a) Parent Guarantor and the Borrower will not, and will not permit any Restricted Subsidiary to, enter into or maintain any Swap Agreements
with any Person other than: 
 (i) Swap Agreements with an Approved Counterparty not for speculative purposes in respect of commodities
fixing a price for a term of not more than sixty months and the notional volumes for which (when aggregated with other commodity Swap Agreements then in effect other than put or floor options as to which an upfront premium has been paid or basis
differential swaps on volumes already hedged pursuant to other Swap Agreements) do not exceed, as of the date such Swap Agreement is executed, eighty-five percent (85%) of the reasonably anticipated projected production from Oil and Gas
Properties for each month during the sixty-month period during which such Swap Agreement is in effect for each of crude oil, natural gas and natural gas liquids, calculated separately, provided that the Borrower (A) shall have the option
to update the reasonably anticipated projected production from Oil and Gas Properties between the delivery of Reserve Reports hereunder (which updates shall be provided to the Administrative Agent in writing and shall be in form and substance
reasonably satisfactory to the Administrative Agent) and (B) shall, without causing a breach of this Section 9.18, have the option to enter into commodity Swap Agreements with respect to (x) such updated projected production
and (y) reasonably anticipated projected production from Oil and Gas Properties not then owned by the Borrower or such Subsidiary but which are subject to a binding purchase agreement for which the Borrower or such Subsidiary is scheduled to
acquire such Oil and Gas Properties within the applicable period, provided that, if such purchase agreement does not close for any reason on the date required thereunder, including any binding extensions thereof, within thirty (30) days
of such required closing date, the Borrower shall unwind or otherwise terminate the Swap Agreements entered into with respect to production that was to be acquired thereunder; and 

(ii) Swap Agreements with an Approved Counterparty not for speculative purposes in respect of interest rates, the notional amounts of which
(when aggregated with all other Swap Agreements of the Borrower and its Subsidiaries then in effect) do not exceed eighty-five percent (85%) of the then outstanding principal amount of the Borrower’s Debt for borrowed money. In no event
shall 

  
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any Swap Agreement, other than a master Swap Agreement pursuant to which the Borrower executes only put or floor options as to which an upfront premium has been paid and subject to the
limitations set forth in Section 9.03(e), contain any requirement, agreement or covenant for the Borrower or any Subsidiary to post collateral or margin to secure their obligations under such Swap Agreement other than the benefit of the
Security Instruments as contemplated herein. 
 (b) If, after the end of any calendar month, the Borrower determines that the aggregate
notional volume of all Swap Agreements in respect of commodities for such calendar month exceeded 100% of actual production of Hydrocarbons in such calendar month, then the Borrower shall (i) promptly notify the Administrative Agent of such
determination, and (ii) if requested by the Administrative Agent (or if otherwise necessary to ensure compliance with Section 9.18(a)(i)), within 30 days after such request, terminate, create off-setting positions or otherwise
unwind or monetize existing Swap Agreements such that, at such time, future volumes under commodity Swap Agreements and future Deemed Transportation Volumes will not exceed 100% of reasonably anticipated projected production for the then-current and
any succeeding calendar months. 
 (c) For all purposes of determining the aggregate volumes of Swap Agreements under this
Section 9.18 there shall be no double counting for transactions and agreements in respect of the same volumes that hedge different risks, including without limitation: 

(i) for price swaps and basis swaps in respect of the same volumes, such as financial basis swaps between Marcellus and Henry Hub and
financial price swaps of floating Henry Hub for a fixed price, 
 (ii) for financial price swaps and Specified Commodity Sale Contracts that
functionally operate as basis swaps in respect of the same volumes, 
 (iii) for basis swaps that hedge different components of basis risk,
such as a Specified Commodity Sale Contract that hedges basis risk between Marcellus and Texas Eastern’s East Louisiana zone and a financial basis hedge that hedges basis risk between Texas Eastern’s East Louisiana zone and Henry Hub. 

Section 9.19
Excess Cash Threshold. If, at any time while Loans are outstanding under this Agreement, the aggregate amount of cash and Cash Equivalents (excluding Excluded Cash), of the Credit
Parties exceeds the Excess Cash Threshold for a period of three (3) Business Days or longer (an “Excess Cash Event”), then the Borrower shall prepay the Loans in an amount equal to or greater than such excess within one
(1) Business Day of the occurrence of such Excess Cash Event. Any prepayment pursuant to this Section 9.19 shall be made in accordance with procedures described in Sections 3.04(c)(v) and (vi). 

ARTICLE X 
 EVENTS OF
DEFAULT; REMEDIES 
 Section 10.01 Events of Default. One or more of the following events shall constitute an
“Event of Default”: 
 (a) the Borrower shall fail to pay any principal of any Loan or any reimbursement obligation in
respect of any LC Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof, by acceleration or otherwise. 

  
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 (b) the Borrower shall fail to pay any interest on any Loan or any fee or any other amount
(other than an amount referred to in Section 10.01(a)) payable under any Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of five (5) Business Days. 

(c) any representation or warranty made or deemed made by or on behalf of the Borrower or any other Credit Party in or in connection with any
Loan Document or any amendment or modification of any Loan Document or waiver under such Loan Document, or in any report, certificate, financial statement or other document furnished pursuant to or in connection with any Loan Document or any
amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any material respect when made or deemed made. 

(d) the Borrower shall fail to give notice of any Default as required under Section 8.02(a), or the Borrower or any other Credit
Party shall fail to observe or perform any covenant, condition or agreement contained in Section 8.01(c), (i) or (j), Section 8.02(b) or (c), Section 8.03(a), Section 8.14,
Section 8.18, Section 8.19 or Article IX. 
 (e) the Borrower or any other Credit Party shall fail to observe
or perform any covenant, condition or agreement contained in this Agreement (other than those specified in Section 10.01(a), Section 10.01(b) or Section 10.01(d)) or any other Loan Document, and such failure shall
continue unremedied for a period of thirty (30) days after the earlier to occur of (i) a Responsible Officer of the Borrower or any other Credit Party having knowledge of such default, or (ii) receipt of notice thereof by the Borrower
from the Administrative Agent. 
 (f) the Borrower or any other Credit Party shall fail to make any payment of principal or interest on any
Material Debt, when and as the same shall become due and payable, and such failure to pay shall extend beyond any applicable period of grace. 

(g) any event or condition occurs that results in any Material Debt becoming due prior to its scheduled maturity or that enables or permits
(with or without the giving of notice, the lapse of time or both) the holder or holders of such Material Debt or any trustee or agent on its or their behalf to cause such Material Debt to become due, or to require the Redemption thereof or any offer
to Redeem to be made in respect thereof, prior to its scheduled maturity. 
 (h) an involuntary proceeding shall be commenced or an
involuntary petition shall be filed seeking liquidation, reorganization or other relief in respect of the Borrower or any other Credit Party or its debts, or of a substantial part of its assets, under any Federal, state or foreign bankruptcy,
insolvency, receivership or similar law now or hereafter in effect or the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any other Credit Party or for a substantial part of its
assets, and, in any such case, such proceeding or petition shall continue undismissed for sixty (60) days or an order or decree approving or ordering any of the foregoing shall be entered. 

(i) the Borrower or any other Credit Party shall voluntarily commence any proceeding or file any petition seeking liquidation, reorganization
or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition
described in Section 10.01(h), apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any other Credit Party or for a substantial part of its assets,
file an answer admitting the material allegations of a petition filed against it in any such proceeding, make a general assignment for the benefit of creditors, or take any action for the purpose of effecting any of the foregoing. 

  
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 (j) the Borrower or any other Credit Party shall become unable, admit in writing its
inability or fail generally to pay its debts as they become due. 
 (k) one or more judgments for the payment of money in an aggregate amount
in excess of the Threshold Amount (to the extent not covered by independent third party insurance as to which the insurer, which is not subject to an insolvency proceeding, does not dispute coverage) shall be rendered against the Borrower, any other
Credit Party or any combination thereof and the same shall not be either discharged, vacated or stayed within thirty days after becoming a final judgment. 

(l) the Loan Documents after delivery thereof shall for any reason, except to the extent permitted by the terms thereof, cease to be in full
force and effect and valid, binding and enforceable in accordance with their terms against the Borrower or any other Credit Party party thereto, or shall be repudiated by any of them, or cease to create valid and perfected Liens of the priority
required thereby on the Collateral purported to be covered thereby, except to the extent permitted by the terms of this Agreement or the Security Instruments, or the Borrower or any other Credit Party or any of their Affiliates shall so state in
writing. 
 (m) a Change in Control shall occur. 

Section 10.02 Remedies. 

(a) In the case of an Event of Default other than one described in Section 10.01(h) or Section 10.01(i), at any time
thereafter during the continuance of such Event of Default, the Administrative Agent may, and at the request of the Majority Lenders, shall, by notice to the Borrower, take either or both of the following actions, at the same or different times:
(i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Notes and the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to
be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrower and the
Guarantors accrued hereunder and under the Notes and the other Loan Documents (including the payment of Cash Collateral to secure the LC Exposure as provided in Section 2.08(j)), shall become due and payable immediately, without
presentment, demand, protest, notice of intent to accelerate, notice of acceleration or other notice of any kind, all of which are hereby waived by the Borrower and each Guarantor; and in case of an Event of Default described in
Section 10.01(h) or Section 10.01(i), the Commitments shall automatically terminate and the Notes and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and the other obligations
of the Borrower and the Guarantors accrued hereunder and under the Notes and the other Loan Documents (including the payment of Cash Collateral to secure the LC Exposure as provided in Section 2.08(j)), shall automatically become due and
payable, without presentment, demand, protest, notice of intent to accelerate, notice of acceleration or other notice of any kind, all of which are hereby waived by the Borrower and each Guarantor. 

(b) In the case of the occurrence of an Event of Default, the Administrative Agent and the Lenders will have all other rights and remedies
available at law and equity. 

  
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 (c) All proceeds realized from the liquidation or other disposition of Collateral or
otherwise received after maturity of the Notes, whether by acceleration or otherwise, shall be applied: 
 (i) first, to payment or
reimbursement of that portion of the Obligations constituting fees, expenses and indemnities payable to the Administrative Agent in its capacity as such; 

(ii) second, pro rata to payment or reimbursement of that portion of the Obligations constituting fees, expenses and indemnities
payable to the Lenders; 
 (iii) third, pro rata to payment of accrued interest on the Loans; 

(iv) fourth, pro rata to payment of principal outstanding on the Loans, to serve as Cash Collateral to secure outstanding LC
Exposure, to payment of Secured Swap Obligations then due and owing to Secured Swap Parties and to payment of Obligations then due and owing to Treasury Management Lenders under Lender Treasury Management Agreements; 

(v) fifth, pro rata to any other Obligations; 

(vi) sixth, any excess, after all of the Obligations shall have been indefeasibly paid in full in cash, shall be paid to the Borrower
or as otherwise required by any Governmental Requirement. 
 Notwithstanding the foregoing, amounts received from the Borrower or any
Guarantor that is not an “eligible contract participant” under the Commodity Exchange Act shall not be applied to any Excluded Swap Obligations (it being understood, that in the event that any amount is applied to Obligations other than
Excluded Swap Obligations as a result of this clause, the Administrative Agent shall make such adjustments as it determines are appropriate to distributions pursuant to clause fourth above from amounts received from “eligible contract
participants” under the Commodity Exchange Act to ensure, as nearly as possible, that the proportional aggregate recoveries with respect to Obligations described in clause fourth above by the holders of any Excluded Swap Obligations are
the same as the proportional aggregate recoveries with respect to other Obligations pursuant to clause fourth above). 
 ARTICLE XI

 THE AGENTS 

Section 11.01 Appointment; Powers. Each of the Lenders and the Issuing Bank hereby irrevocably appoints the Administrative
Agent as its agent to act on its behalf as the administrative agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the
Administrative Agent by the terms hereof and the other Loan Documents, together with such actions and powers as are reasonably incidental thereto. 

Section 11.02 Duties and Obligations of Administrative Agent. The Administrative Agent shall not have any duties or
obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing: (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default
has occurred and is continuing (the use of the term “agent” herein and in the other Loan Documents with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under
agency doctrine of any applicable law; rather, such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties), (b) the Administrative Agent shall
have no duty to take any discretionary action or exercise any discretionary powers, except as provided in Section 11.03, and (c) except as expressly set forth herein, the Administrative Agent shall not have any duty to disclose, and
shall not be liable for the failure to disclose, any information relating to Parent Guarantor, the Borrower or any of the Borrower’s 

  
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Subsidiaries that is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall be deemed not to have
knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by the Borrower or a Lender, and shall not be responsible for or have any duty to ascertain or inquire into: (i) any statement, warranty or
representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or under any other Loan Document or in connection herewith or therewith,
(iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or in any other Loan Document, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any
other Loan Document or any other agreement, instrument or document, (v) the satisfaction of any condition set forth in Article VI or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the
Administrative Agent or as to those conditions precedent expressly required to be to the Administrative Agent’s satisfaction, (vi) the existence, value, perfection or priority of any collateral security or the financial or other condition
of Parent Guarantor, the Borrower and the Borrower’s Subsidiaries or any other obligor or guarantor, or (vii) any failure by the Borrower or any other Person (other than itself) to perform any of its obligations hereunder or under any
other Loan Document or the performance or observance of any covenants, agreements or other terms or conditions set forth herein or therein. For purposes of determining compliance with the conditions specified in Article VI, each Lender shall
be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have
received written notice from such Lender prior to the proposed closing date specifying its objection thereto. 
 Section 11.03
Action by Administrative Agent. The Administrative Agent shall have no duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other
Loan Documents that the Administrative Agent is required to exercise in writing as directed by the Majority Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in
Section 12.02) and in all cases the Administrative Agent shall be fully justified in failing or refusing to act hereunder or under any other Loan Documents unless it shall (a) receive written instructions from the Majority Lenders,
the Required Lenders, the Decrease and Maintenance Lenders or the Lenders, as applicable, (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 12.02) specifying the
action to be taken and (b) be indemnified to its satisfaction by the Lenders against any and all liability and expenses which may be incurred by it by reason of taking or continuing to take any such action. The instructions as aforesaid and any
action taken or failure to act pursuant thereto by the Administrative Agent shall be binding on all of the Lenders. If a Default has occurred and is continuing, then the Administrative Agent shall take such action with respect to such Default as
shall be directed by the requisite Lenders in the written instructions (with indemnities) described in this Section 11.03, provided that, unless and until the Administrative Agent shall have received such directions, the
Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default as it shall deem advisable in the best interests of the Lenders. In no event, however, shall the
Administrative Agent be required to take any action that, in its opinion or the opinion of its counsel, exposes the Administrative Agent to personal liability or which is contrary to this Agreement, the Loan Documents or applicable law, including
for the avoidance of doubt any action that may be in violation of the automatic stay under any bankruptcy or insolvency law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any
bankruptcy or insolvency law. If a Default has occurred and is continuing, no syndication agents or documentation agent shall have any obligation to perform any act in respect thereof. The Administrative Agent shall not be liable for any action
taken or not taken by it with the consent or at the request of the Majority Lenders, the Required Lenders, the Decrease and Maintenance Lenders or the Lenders (or such other number or percentage of the Lenders as shall be necessary under the
circumstances as provided in 

  
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Section 12.02), and otherwise the Administrative Agent shall not be liable for any action taken or not taken by it hereunder or under any other Loan Document or under any other
document or instrument referred to or provided for herein or therein or in connection herewith or therewith INCLUDING ITS OWN ORDINARY NEGLIGENCE, except for its own gross negligence or willful misconduct as determined in a final, non-appealable
judgment by a court of competent jurisdiction. 
 Section 11.04 Reliance by Administrative Agent. The Administrative
Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website
posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it
to be made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan that by its terms must be fulfilled to the satisfaction of a Lender, the
Administrative Agent may presume that such condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior to the making of such Loan. The Administrative Agent may consult
with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or
experts. The Administrative Agent may deem and treat the payee of any Note as the holder thereof for all purposes hereof unless and until a written notice of the assignment or transfer thereof permitted hereunder shall have been filed with the
Administrative Agent. 
 Section 11.05 Sub-agents. The Administrative Agent may perform any and all its duties and
exercise its rights and powers by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their
respective Related Parties. The exculpatory provisions of the preceding Sections of this Article XI shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their
respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents
except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 

Section 11.06 Resignation or Removal of Administrative Agent. Subject to the appointment and acceptance of a successor
Administrative Agent as provided in this Section 11.06, the Administrative Agent may resign at any time by notifying the Lenders, the Issuing Bank and the Borrower, and the Administrative Agent may be removed by the Majority Lenders if
the Administrative Agent in its capacity as a Lender is a Defaulting Lender pursuant to clause (d) of the definition thereof. Upon any such resignation or removal, the Majority Lenders shall have the right, in consultation with the Borrower so
long as no Default has occurred and is continuing, to appoint a successor. If no successor shall have been so appointed by the Majority Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives
notice of its resignation or removal of the retiring Administrative Agent, then the retiring Administrative Agent may, on behalf of the Lenders and the Issuing Bank, appoint a successor Administrative Agent which shall be a bank with an office in
New York, New York, or an Affiliate of any such bank. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of
the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents. The fees payable by the Borrower to a successor Administrative Agent shall be
the 

  
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same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the Administrative Agent’s resignation hereunder, the provisions of this
Article XI and Section 12.03 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them
while it was acting as Administrative Agent. 
 Section 11.07 Agents as Lenders. Each bank serving as an Agent hereunder
shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent, and such bank and its Affiliates may accept deposits from, lend money to, own securities of, act as the
financial advisor or in any other advisory capacity for and generally engage in any kind of business with Parent Guarantor, the Borrower or any Subsidiary of the Borrower or other Affiliate thereof as if it were not an Agent hereunder and without
any duty to account therefor to the Lenders. 
 Section 11.08 No Reliance. (a) Each Lender acknowledges that it has,
independently and without reliance upon the Administrative Agent, any other Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement
and each other Loan Document to which it is a party. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent, any other Agent or any other Lender and based on such documents and information as it
shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document, any related agreement or any document furnished hereunder or thereunder. The
Agents shall not be required to keep themselves informed as to the performance or observance by Parent Guarantor, the Borrower or any of the Borrower’s Subsidiaries of this Agreement, the Loan Documents or any other document referred to or
provided for herein or to inspect the Properties or books of Parent Guarantor, the Borrower or the Borrower’s Subsidiaries. Except for notices, reports and other documents and information expressly required to be furnished to the Lenders by the
Administrative Agent hereunder, no Agent or the Arrangers shall have any duty or responsibility to provide any Lender with any credit or other information concerning the affairs, financial condition or business of Parent Guarantor, the Borrower (or
any of their Affiliates) which may come into the possession of such Agent or any of its Affiliates. In this regard, each Lender acknowledges that Simpson Thacher & Bartlett LLP is acting in this transaction as special counsel to the
Administrative Agent only, except to the extent otherwise expressly stated in any legal opinion or any Loan Document. Each other party hereto will consult with its own legal counsel to the extent that it deems necessary in connection with the Loan
Documents and the matters contemplated therein. 
 (b) The Lenders acknowledge that the Administrative Agent is acting solely in
administrative capacities with respect to the structuring of this Agreement and has no duties, responsibilities or liabilities under this Agreement and the other Loan Documents other than their administrative duties, responsibilities and liabilities
specifically as set forth in the Loan Documents and, if applicable, in its capacity as Lenders hereunder. In structuring, arranging or syndicating this Agreement, each Lender acknowledges that the Administrative Agent may be a lender hereunder and
under other loans or other securities and waives any existing or future conflicts of interest associated with the their role in such other debt instruments. If in its administration of this facility or any other debt instrument, the Administrative
Agent determines (or is given written notice by any Lender) that a conflict exists, then it shall eliminate such conflict within 90 days or resign pursuant to Section 11.06 and shall have no liability for action taken or not taken while
such conflict existed. 

  
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 Section 11.09 Administrative Agent May File Proofs of Claim. In case of
the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to Parent Guarantor, the Borrower or any of the Restricted Subsidiaries, the
Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the Borrower)
shall be entitled and empowered (but not obligated), by intervention in such proceeding or otherwise: 
 (a) to file and prove a claim for
the whole amount of the principal and interest owing and unpaid in respect of the Loans and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders
and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the
Administrative Agent under Section 12.03) allowed in such judicial proceeding; and 
 (b) to collect and receive any monies or
other property payable or deliverable on any such claims and to distribute the same. 
 Any custodian, receiver, assignee, trustee, liquidator, sequestrator
or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to
the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under
Section 12.03. 
 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt
on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the claim of any Lender in any such
proceeding. 
 Section 11.10 Authority of Administrative Agent to Release Collateral and Liens. 

(a) Each Lender and the Issuing Bank hereby authorizes the Administrative Agent to take the following actions and the Administrative Agent
hereby agrees to take such actions at the request of the Borrower: 
 (i) to release any Lien on any property granted to or held by
Administrative Agent under any Loan Document (w) upon (A) termination of all Commitments and payment in full of all Obligations (other than contingent indemnification obligations) owing to the Administrative Agent, the Issuing Bank and the
Lenders under the Loan Documents and owing to any Secured Swap Party under any Secured Swap Agreement (other than any Issuing Bank or Secured Swap Party that has advised the Administrative Agent that the Obligations owing to it are otherwise
adequately provided for or novated), and (B) termination of all Swap Agreements with Secured Swap Parties (other than any Secured Swap Party that has advised the Administrative Agent that such Swap Agreements are otherwise adequately provided
for or novated), (x) that is, or is to be, sold, released or otherwise disposed of as permitted pursuant to the terms of the Loan Documents or (y) if approved, authorized or ratified in writing by the Majority Lenders (or, if approval,
authorization or ratification by all Lenders is required under Section 12.02(b), then by all Lenders); 
 (ii) to subordinate
(or release) any Lien on any Property granted to or held by the Administrative Agent under any Loan Document to any Lien on such Property that is permitted by Section 9.03(c); 

  
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 (iii) to release any Guarantor from its obligations under the Guaranty and Collateral
Agreement and the other Loan Documents if such Person ceases to be a Restricted Subsidiary as a result of a transaction permitted under the Loan Documents; and 

(iv) to execute and deliver to the Borrower, at the Borrower’s sole cost and expense, any and all releases of Liens, termination
statements, assignments or other documents necessary or useful to accomplish or evidence the foregoing. 
 (b) Upon the request of the
Administrative Agent at any time, the Majority Lenders will confirm in writing the Administrative Agent’s authority to release particular types or items of Collateral pursuant to this Section 11.10. 

(c) Except as otherwise provided in Section 12.08 with respect to rights of setoff, and notwithstanding any other provision
contained in any of the Loan Documents to the contrary, no Person other than the Administrative Agent has any right to realize upon any of the Collateral individually, to enforce any Liens on Collateral, or to enforce the Guaranty and Collateral
Agreement, and all powers, rights and remedies under the Security Instruments may be exercised solely by Administrative Agent on behalf of the Persons secured or otherwise benefitted thereby. 

(d) By accepting the benefit of the Liens granted pursuant to the Security Instruments, each Person secured by such Liens that is not a party
hereto agrees to the terms of this Section 11.10. 
 Section 11.11 The Arrangers, the Syndication Agent and the
Documentation Agent. The Arrangers and any other arranger, syndication agent or documentation agent hereafter appointed shall have no duties, responsibilities or liabilities under this Agreement and the other Loan Documents other than their
duties, responsibilities and liabilities in their capacity as Lenders hereunder. 
 ARTICLE XII 

MISCELLANEOUS 

Section 12.01 Notices. 

(a) Except in the case of notices and other communications expressly permitted to be given by telephone (and subject to
Section 12.01(b)), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by facsimile, to it at its
address set forth on Schedule 12.01, and if to any Lender other than Barclays Bank PLC, to it at its address (or facsimile number) set forth in its Administrative Questionnaire. 

(b) Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communications (including e-mail and
Internet or intranet websites) pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Article II, III, IV or V, unless otherwise agreed by
the Administrative Agent and the applicable Lender, if any, in writing. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to
procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications. 
 (c)
Any party hereto may change its address or facsimile number for notices and other communications hereunder by notice to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of
this Agreement shall be deemed to have been given on the date of receipt. 

  
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 (d) The Administrative Agent and the Lenders shall be entitled to rely and act upon any
notices (including telephonic notices) purportedly given by or on behalf of the Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified
herein or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. All telephonic notices to and telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each
of the parties hereby consents to such recording. 
 Section 12.02 Waivers; Amendments. 

(a) No failure on the part of the Administrative Agent, the Issuing Bank or any Lender to exercise and no delay in exercising, and no course of
dealing with respect to, any right, power or privilege, or any abandonment or discontinuance of steps to enforce such right, power or privilege, under any of the Loan Documents shall operate as a waiver thereof, nor shall any single or partial
exercise of any right, power or privilege under any of the Loan Documents preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies of the Administrative Agent, any other Agent,
the Issuing Bank and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or any other Loan Document or
consent to any departure by the Borrower therefrom shall in any event be effective unless the same shall be permitted by Section 12.02(b), and then such waiver or consent shall be effective only in the specific instance and for the
purpose for which given. Without limiting the generality of the foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any other Agent, any
Lender or the Issuing Bank may have had notice or knowledge of such Default at the time. 
 (b) Neither this Agreement nor any provision
hereof nor any Security Instrument nor any provision thereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Borrower and the Majority Lenders or by the Borrower and the Administrative
Agent with the consent of the Majority Lenders; provided that no such agreement shall (i) increase the Commitment of any Lender without the written consent of such Lender, (ii) increase the Borrowing Base without the written consent
of each Lender (other than any Defaulting Lender), (iii) decrease or maintain the Borrowing Base without the consent of the Decrease and Maintenance Lenders or reduce the percentages set forth in Section 8.14(a) or
Section 8.19(b) to less than 85% or 50% as set forth in such Sections without the consent of the Required Lenders, (iv) reduce the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce any
fees payable hereunder, or reduce any other Obligations hereunder or under any other Loan Document, without the written consent of each Lender affected thereby, (v) postpone the scheduled date of payment or prepayment of the principal amount of
any Loan or LC Disbursement, or any interest thereon, or any fees payable hereunder, or any other Obligations hereunder or under any other Loan Document, or reduce the amount of, waive or excuse any such payment, or postpone or extend the
Termination Date or the Maturity Date without the written consent of each Lender affected thereby, (vi) change Section 4.01(b), Section 4.01(c), the definition of “Applicable Percentage” or any other term or
condition hereof in a manner that would alter the pro rata sharing of payments required thereby, without the written consent of each Lender, (vii) waive or amend Section 3.04(c), Section 6.01 or
Section 10.02(c), without the written consent of each Lender, (viii) release any Guarantor (except as set forth in the Guaranty and Collateral Agreement or in this Agreement), or release all or substantially all of the Collateral,
without the written consent of each Lender (other than a Defaulting Lender), or (ix) change any of the provisions of this 

  
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Section 12.02(b) or the definitions of “Required Lenders”, “Decrease and Maintenance Lenders”, “Majority Lenders” or “Super Majority Lenders”
or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or under any other Loan Documents or make any determination or grant any consent hereunder or any other Loan
Documents, without the written consent of each Lender; provided further that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, any other Agent or the Issuing Bank hereunder or
under any other Loan Document without the prior written consent of the Administrative Agent, such other Agent or the Issuing Bank, as the case may be. Notwithstanding the foregoing, (1) any supplement to Schedule 7.14 shall be effective
simply by delivering to the Administrative Agent a supplemental schedule clearly marked as such and, upon receipt, the Administrative Agent will promptly deliver a copy thereof to the Lenders, (2) the Borrower and the Administrative Agent may
amend this Agreement or any other Loan Document without the consent of the Lenders (unless the Majority Lenders object in writing within 5 Business Days of notice by the Administrative Agent of such amendment) in order to correct, amend or cure any
ambiguity, inconsistency or defect or correct any typographical error or other manifest error in any Loan Document or to modify or add financial ratio covenants, negative covenants or Events of Default to cause such financial ratio covenants,
negative covenants or Events of Default to be more onerous to the Borrower than those contained in this Agreement (prior to giving effect to such amendment) in connection with any amendment, modification or other change to the Senior Debt Documents
pursuant Section 9.17(c), and (3) the Administrative Agent and the Borrower may, without the consent of any Lender, enter into any amendment, modification or waiver of this Agreement or any other Loan Document or enter into any
agreement or instrument to add additional Guarantors as contemplated in Section 8.14(b) or to effect the granting, perfection, protection, expansion or enhancement of any security interest in any Collateral or Property to become
Collateral to secure the Obligations for the benefit of the Lenders or as required by any Governmental Requirement to give effect to, protect or otherwise enhance the rights or benefits of any Lender under the Loan Documents. Notwithstanding the
foregoing, Schedule 1.02 may be amended to add an Issuing Bank, remove an Issuing Bank or modify the LC Issuance Limit of any Issuing Bank, provided that no such modification shall result in an increase of the LC Commitment, with the
consent solely of the Borrower, the Administrative Agent and such Issuing Bank (and the consent of the Majority Lenders shall not be required). 

Section 12.03 Expenses, Indemnity; Damage Waiver. 

(a) The Borrower shall pay (i) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent and its
Affiliates (including the reasonable fees, charges and disbursements of counsel and other outside consultants for the Administrative Agent, the reasonable travel, photocopy, mailing, courier, telephone and other similar expenses, and the cost of
environmental assessments and audits and surveys and appraisals) in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, delivery and administration (both before and after the
execution hereof and including advice of counsel to the Administrative Agent as to the rights and duties of the Administrative Agent and the Lenders with respect thereto) of this Agreement and the other Loan Documents and any amendments,
modifications or waivers of or consents related to the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all costs, expenses, Taxes, assessments and other charges incurred
by the Administrative Agent (or any sub-agent thereof) in connection with any filing, registration, recording or perfection of any security interest contemplated by this Agreement or any Security Instrument or any other document referred to therein,
(iii) all reasonable and documented out-of-pocket expenses incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, and (iv) all
out-of-pocket expenses incurred by any Agent or the Issuing Bank or, during the continuance of any Event of Default, by any Lender (including the fees, charges and disbursements of one counsel for any Agent, the Issuing Bank or any Lender) in

  
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connection with the enforcement or protection of its rights under this Agreement or any other Loan Document, including its rights under this Section 12.03, or in connection with the
Loans made or Letters of Credit issued hereunder, and including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 

(b) THE BORROWER SHALL INDEMNIFY EACH AGENT (AND ANY SUB-AGENT THEREOF), THE ARRANGERS, THE ISSUING BANK AND EACH LENDER, AND EACH RELATED
PARTY OF ANY OF THE FOREGOING PERSONS (EACH SUCH PERSON BEING CALLED AN “INDEMNITEE”) AGAINST, AND DEFEND AND HOLD EACH INDEMNITEE HARMLESS FROM, ANY AND ALL LOSSES, CLAIMS, DAMAGES, PENALTIES, LIABILITIES AND RELATED EXPENSES,
INCLUDING THE REASONABLE FEES, CHARGES AND DISBURSEMENTS OF ANY COUNSEL FOR ANY INDEMNITEE (BUT LIMITED IN THE CASE OF LEGAL FEES AND EXPENSES TO REASONABLE AND DOCUMENTED OUT-OF-POCKET FEES, DISBURSEMENTS AND OTHER CHARGES OF ONE COUNSEL TO ALL
INDEMNITEES TAKEN AS A WHOLE AND, IF NECESSARY, ONE LOCAL COUNSEL FOR ALL INDEMNITEES TAKEN AS A WHOLE IN EACH RELEVANT JURISDICTION, AND IN THE CASE OF AN ACTUAL OR PERCEIVED CONFLICT OF INTEREST, ONE ADDITIONAL COUNSEL AND (IF REASONABLY
NECESSARY) ONE LOCAL COUNSEL IN EACH RELEVANT JURISDICTION TO THE AFFECTED INDEMNITEES SIMILARLY SITUATED), INCURRED BY OR ASSERTED AGAINST ANY INDEMNITEE ARISING OUT OF, IN CONNECTION WITH, OR AS A RESULT OF (i) THE EXECUTION OR
DELIVERY OF THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ANY AGREEMENT OR INSTRUMENT CONTEMPLATED HEREBY OR THEREBY, (ii) THE PERFORMANCE BY THE PARTIES HERETO OR THE PARTIES TO ANY OTHER LOAN DOCUMENT OF THEIR RESPECTIVE OBLIGATIONS HEREUNDER
OR THEREUNDER OR THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED HEREBY OR BY ANY OTHER LOAN DOCUMENT, (iii) THE FAILURE OF THE BORROWER OR ANY RESTRICTED SUBSIDIARY TO COMPLY WITH THE TERMS OF ANY LOAN DOCUMENT, INCLUDING THIS AGREEMENT, OR
WITH ANY GOVERNMENTAL REQUIREMENT, (iv) ANY INACCURACY OF ANY REPRESENTATION OR ANY BREACH OF ANY WARRANTY OR COVENANT OF THE BORROWER OR ANY GUARANTOR SET FORTH IN ANY OF THE LOAN DOCUMENTS OR ANY INSTRUMENTS, DOCUMENTS OR CERTIFICATIONS DELIVERED
IN CONNECTION THEREWITH, (v) ANY LOAN OR LETTER OF CREDIT OR THE USE OF THE PROCEEDS THEREFROM, INCLUDING ANY REFUSAL BY THE ISSUING BANK TO HONOR A DEMAND FOR PAYMENT UNDER A LETTER OF CREDIT IF THE DOCUMENTS PRESENTED IN CONNECTION WITH SUCH
DEMAND DO NOT STRICTLY COMPLY WITH THE TERMS OF SUCH LETTER OF CREDIT, OR ANY OTHER ASPECT OF THE LOAN DOCUMENTS, (vi) THE OPERATIONS OF THE BUSINESS OF THE BORROWER AND THE BORROWER’S SUBSIDIARIES BY SUCH PERSON, (vii) ANY ASSERTION
THAT THE LENDERS WERE NOT ENTITLED TO RECEIVE THE PROCEEDS RECEIVED PURSUANT TO THE SECURITY INSTRUMENTS, (viii) ANY ENVIRONMENTAL LAW APPLICABLE TO THE BORROWER OR ANY SUBSIDIARY OR ANY OF THEIR PROPERTIES OR OPERATIONS, INCLUDING, THE
PRESENCE, GENERATION, STORAGE, RELEASE, THREATENED RELEASE, USE, TRANSPORT, DISPOSAL, ARRANGEMENT OF DISPOSAL OR TREATMENT OF HAZARDOUS MATERIALS ON OR AT ANY OF THEIR PROPERTIES, (ix) THE BREACH OR NON-COMPLIANCE BY THE BORROWER OR ANY
SUBSIDIARY WITH ANY ENVIRONMENTAL LAW APPLICABLE TO THE BORROWER OR ANY SUBSIDIARY, (x) THE PAST OWNERSHIP BY THE BORROWER OR ANY SUBSIDIARY OF ANY OF THEIR PROPERTIES OR PAST ACTIVITY ON ANY OF THEIR PROPERTIES WHICH, THOUGH LAWFUL AND FULLY
PERMISSIBLE AT THE TIME, COULD RESULT IN PRESENT LIABILITY, (xi) THE 

  
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PRESENCE, USE, RELEASE, STORAGE, TREATMENT, DISPOSAL, GENERATION, THREATENED RELEASE, TRANSPORT, ARRANGEMENT FOR TRANSPORT OR ARRANGEMENT FOR DISPOSAL OF HAZARDOUS MATERIALS ON OR AT ANY OF
THE PROPERTIES OWNED OR OPERATED BY THE BORROWER OR ANY SUBSIDIARY OR ANY ACTUAL OR ALLEGED PRESENCE OR RELEASE OF HAZARDOUS MATERIALS ON OR FROM ANY PROPERTY OWNED OR OPERATED BY THE BORROWER OR ANY OF THE BORROWER’S SUBSIDIARIES,
(xii) ANY ENVIRONMENTAL LIABILITY RELATED IN ANY WAY TO THE BORROWER OR ANY OF THE BORROWER’S SUBSIDIARIES, OR ANY OTHER ENVIRONMENTAL, HEALTH OR SAFETY CONDITION IN CONNECTION WITH THE LOAN DOCUMENTS, OR (xiii) ANY ACTUAL OR
PROSPECTIVE CLAIM, LITIGATION, INVESTIGATION OR PROCEEDING RELATING TO ANY OF THE FOREGOING, AND REGARDLESS OF WHETHER ANY INDEMNITEE IS A PARTY THERETO OR WHETHER BROUGHT BY THE BORROWER, ANY GUARANTOR OR ANY OTHER PARTY, AND SUCH INDEMNITY SHALL
EXTEND TO EACH INDEMNITEE NOTWITHSTANDING THE SOLE OR CONCURRENT NEGLIGENCE OF EVERY KIND OR CHARACTER WHATSOEVER, WHETHER ACTIVE OR PASSIVE, WHETHER AN AFFIRMATIVE ACT OR AN OMISSION, INCLUDING WITHOUT LIMITATION, ALL TYPES OF NEGLIGENT CONDUCT
IDENTIFIED IN THE RESTATEMENT (SECOND) OF TORTS OF ONE OR MORE OF THE INDEMNITEES OR BY REASON OF STRICT LIABILITY IMPOSED WITHOUT FAULT ON ANY ONE OR MORE OF THE INDEMNITEES; PROVIDED THAT SUCH INDEMNITY SHALL NOT, AS TO ANY INDEMNITEE, BE
AVAILABLE TO THE EXTENT THAT SUCH LOSSES, CLAIMS, DAMAGES, LIABILITIES OR RELATED EXPENSES ARE DETERMINED BY A COURT OF COMPETENT JURISDICTION BY FINAL AND NONAPPEALABLE JUDGMENT TO HAVE RESULTED FROM THE BAD FAITH, GROSS NEGLIGENCE OR WILLFUL
MISCONDUCT OF ANY INDEMNITEE. 
 (c) To the extent that the Borrower fails to pay any amount required to be paid by it to any Agent (or
any sub-agent thereof), the Arrangers or the Issuing Bank under Section 12.03(a) or (b) or any Related Party of the foregoing, each Lender severally agrees to pay to such Agent (or any such sub-agent), the Arrangers or the
Issuing Bank, as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount (including any such unpaid amount in respect of a
claim asserted by such Lender); provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against such Agent (or any sub-agent thereof), the
Arrangers or the Issuing Bank in its capacity as such. 
 (d) All amounts due under this Section 12.03 shall be payable not later
than thirty (30) days after written demand therefor. 
 (e) Each party’s obligations under this Section 12.03 shall survive
the termination of the Loan Documents and payment of the obligations hereunder. 
 Section 12.04 Successors and Assigns; No Third
Party Beneficiaries. 
 (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit), except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without
the prior written consent of Administrative Agent and each Lender and no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section 12.04. Nothing in this Agreement,

  
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expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of the Issuing
Bank that issues any Letter of Credit), Participants (to the extent provided in Section 12.04(c)) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Bank and the
Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement, and except for the foregoing Persons there are no third party beneficiaries to this Agreement. 

(b) (i) Subject to the conditions set forth in Section 12.04(b)(ii), any Lender may assign to one or more assignees all or a
portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld or delayed) of: 

(A) the Borrower; provided that (i) no consent of the Borrower shall be required if such assignment is to a Lender, an Affiliate
of a Lender, an Approved Fund or if an Event of Default under Section 10.01(a), (h) or (i) has occurred and is continuing and (ii) if the Borrower has not responded within ten (10) Business Days after
the delivery of any such request for a consent, such consent shall be deemed to have been given; and 
 (B) the Administrative Agent and
each Issuing Bank; provided that no consent of the Administrative Agent shall be required for an assignment to an assignee that is a Lender immediately prior to giving effect to such assignment. 

(ii) Assignments shall be subject to the following additional conditions: 

(A) except in the case of an assignment to a Lender or an Affiliate of a Lender or an assignment of the entire remaining amount of the
assigning Lender’s Commitment or Loans, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the
Administrative Agent) shall not be less than $1,000,000 unless each of the Borrower and the Administrative Agent otherwise consent; provided that no such consent of the Borrower shall be required if an Event of Default has occurred and is
continuing; 
 (B) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights
and obligations under this Agreement; 
 (C) the parties to each assignment shall execute and deliver to the Administrative Agent an
Assignment and Assumption, together with a processing and recordation fee of $3,500; provided that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment; 

(D) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire; 

(E) no such assignment shall be made to a natural person, an Industry Competitor, or the Borrower or any of the Borrower’s Affiliates or
Subsidiaries; and 
 (F) no such assignment shall be made to a Defaulting Lender or any of its subsidiaries, or any Person who, upon
becoming a Lender hereunder, would constitute a Defaulting Lender or a Subsidiary of a Defaulting Lender. 

  
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 (iii) Subject to Section 12.04(b)(iv) and the acceptance and recording thereof
by the Administrative Agent, from and after the effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights
and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an
Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Section 5.01,
Section 5.02, Section 5.03 and Section 12.03 with respect to facts and circumstances occurring prior to the effective date of such assignment; provided, that except to the extent otherwise expressly agreed
by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Any assignment or transfer by a Lender of rights
or obligations under this Agreement that does not comply with this Section 12.04 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with
Section 12.04(c). 
 (iv) The Administrative Agent, acting for this purpose as a non-fiduciary agent of the Borrower, shall
maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment of, and principal amount of the Loans and of the LC
Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrower, the Administrative Agent, the Issuing Bank
and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for
inspection by the Borrower, the Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable prior notice. In connection with any changes to the Register, if necessary, the Administrative Agent will reflect the revisions
on Annex I and forward a copy of such revised Annex I to the Borrower, the Issuing Bank and each Lender. This Section 12.04(b)(iv) shall be construed so that all Loans are at all times maintained in “registered form”
within the meaning of sections 163(f), 871(h)(2) and 881(c)(2) of the Code and any related Treasury Regulations (or any other relevant or successor provisions of the Code or such Treasury Regulations). 

(v) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the assignee’s
completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in Section 12.04(b) and any written consent to such assignment required by
Section 12.04(b), the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been
recorded in the Register as provided in this Section 12.04(b). 
 (c) Any Lender may, without the consent of the Borrower, the
Administrative Agent or the Issuing Bank, sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion
of its Commitment and the Loans owing to it); provided that: 
 (i) such Lender’s obligations under this Agreement shall remain
unchanged, such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, the Borrower, the Administrative Agent, the Issuing Bank and the other Lenders shall continue to deal solely and directly
with such Lender in connection with such Lender’s rights and obligations under this Agreement; 

  
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 (ii) such Participant must first agree to comply with Section 12.11; 

(iii) no such participation may be sold to a natural Person or an Industry Competitor; and 

(iv) any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender retains the sole right
to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement, except that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any
amendment, modification or waiver described in the first proviso to Section 12.02(b) that affects such Participant. 
 Each such
Participant shall be entitled to the benefits of Section 5.01, 5.02 and 5.03 and shall be subject to the requirements of and limitations in Sections 5.01, 5.02, 5.03 and 5.05 (it being understood
that the documentation required under Section 5.03(g) shall be delivered to the participating Lender, i.e., the Lender selling such participation) to the same extent as if such Participant were a Lender and had acquired its
interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant shall not be entitled at any time to receive any greater payment under Sections 5.01 or 5.03, with respect to any
participation, than its participating Lender would have been entitled to receive at such time, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable
participation. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 5.03 unless the Borrower is notified of the participation sold to such Participant and such Participant
complies with Section 5.03 as though it were a Lender. Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate the provisions of
Section 5.05 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 12.08 as though it were a Lender; provided that such Participant agrees
to be subject to Section 4.01(c) as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and
address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender
shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any Commitments, Loans or its other obligations under any
Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such Commitment, Loan, or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The
entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement
notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(d) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or other central bank having jurisdiction over such Lender, and this Section 12.04 shall not apply to any such pledge or
assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

 (e) Notwithstanding any other provisions of this Section 12.04, no transfer or assignment of the interests or obligations of
any Lender or any grant of participations therein shall be permitted if such transfer, assignment or grant would require any Credit Party to file a registration statement with the SEC or to qualify the Loans under the “Blue Sky” laws of
any state. 

  
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 Section 12.05 Survival; Revival; Reinstatement. 

(a) All covenants, agreements, representations and warranties made by Parent Guarantor and the Borrower herein and in the certificates or other
instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement and the making
of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, any other Agent, the Issuing Bank or any Lender may have had notice
or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other
amount payable under this Agreement is outstanding and unpaid or any Letter of Credit is outstanding (or any drawing is pending on any Letter of Credit) and so long as the Commitments have not expired or terminated. The provisions of
Section 5.01, Section 5.02, Section 5.03 and Section 12.03 and Article XI shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated
hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement, any other Loan Document or any provision hereof or thereof. 

(b) To the extent that any payments on the Obligations or proceeds of any Collateral are subsequently invalidated, declared to be fraudulent or
preferential, set aside or required to be repaid to a trustee, debtor in possession, receiver or other Person under any bankruptcy law, common law or equitable cause, then to such extent, the Obligations so satisfied shall be revived and continue as
if such payment or proceeds had not been received and the Administrative Agent’s and the Lenders’ Liens, security interests, rights, powers and remedies under this Agreement and each Loan Document shall continue in full force and effect.
In such event, each Loan Document shall be automatically reinstated and Parent Guarantor and the Borrower shall take such action as may be reasonably requested by the Administrative Agent and the Lenders to effect such reinstatement. 

Section 12.06 Counterparts; Integration; Effectiveness. 

(a) This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute
an original, but all of which when taken together shall constitute a single contract. 
 (b) This Agreement, the other Loan Documents and any
separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and thereof and supersede any and all previous agreements and understandings,
oral or written, relating to the subject matter hereof and thereof. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES HERETO AND THERETO AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 
 (c) Except
as provided in Section 6.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear
the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this
Agreement by facsimile, as an attachment to an email or other similar electronic means shall be effective as delivery of a manually executed counterpart of this Agreement. 

  
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 Section 12.07 Severability. Any provision of this Agreement or any other
Loan Document held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and
enforceability of the remaining provisions hereof or thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 

Section 12.08 Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each of its
Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held
and other obligations (in whatever currency, and of whatsoever kind, including obligations under Swap Agreements) at any time owing by such Lender or Affiliate to or for the credit or the account of Parent Guarantor, the Borrower or any Restricted
Subsidiary against any of and all the obligations of Parent Guarantor, the Borrower or such Restricted Subsidiary owed to such Lender or its Affiliates now or hereafter existing under this Agreement or any other Loan Document, irrespective of
whether or not such Lender shall have made any demand under this Agreement or any other Loan Document and although such obligations may be unmatured or are owed to a branch, office or Affiliate of such Lender different from the branch, office or
Affiliate holding such deposit or obligated on such indebtedness. The rights of each Lender and its Affiliates under this Section 12.08 are in addition to other rights and remedies (including other rights of setoff) which such Lender or
its Affiliates may have. Each Lender agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and
application. 
 Section 12.09 GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS. 

(a) THIS AGREEMENT AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK EXCEPT TO THE EXTENT
THAT UNITED STATES FEDERAL LAW PERMITS ANY LENDER TO CONTRACT FOR, CHARGE, RECEIVE, RESERVE OR TAKE INTEREST AT THE RATE ALLOWED BY THE LAWS OF THE STATE WHERE SUCH LENDER IS LOCATED. 

(b) ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THE LOAN DOCUMENTS MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK
COUNTY, OR OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH PARTY HEREBY ACCEPTS FOR ITSELF AND (TO THE EXTENT PERMITTED BY LAW) IN RESPECT OF ITS PROPERTY, GENERALLY AND
UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING, WITHOUT LIMITATION, ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY
NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY SUCH ACTION OR PROCEEDING IN SUCH RESPECTIVE JURISDICTIONS. THIS SUBMISSION TO JURISDICTION IS NON-EXCLUSIVE AND DOES NOT PRECLUDE A PARTY FROM BRINGING SUIT AGAINST ANOTHER PARTY IN ANY COURT OTHERWISE
HAVING JURISDICTION. 

  
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 (c) EACH PARTY IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OF ANY OF THE AFOREMENTIONED
COURTS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES THEREOF BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID, TO IT AT THE ADDRESS SPECIFIED IN SECTION 12.01 OR SUCH OTHER ADDRESS AS IS SPECIFIED PURSUANT TO SECTION 12.01
(OR ITS ASSIGNMENT AND ASSUMPTION), SUCH SERVICE TO BECOME EFFECTIVE THIRTY (30) DAYS AFTER SUCH MAILING (OR AS SOON THEREAFTER AS IS PROVIDED BY APPLICABLE LAW). NOTHING HEREIN SHALL AFFECT THE RIGHT OF A PARTY OR ANY HOLDER OF A NOTE TO SERVE
PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANOTHER PARTY IN ANY OTHER JURISDICTION. 

(d) EACH PARTY (i) HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, TRIAL BY JURY IN ANY LEGAL
ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN; (ii) IRREVOCABLY WAIVES, TO THE MAXIMUM EXTENT NOT PROHIBITED BY LAW, ANY RIGHT IT MAY HAVE TO CLAIM OR RECOVER IN ANY SUCH LITIGATION
ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES, OR DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES; PROVIDED THAT, THE FOREGOING WAIVER SHALL NOT LIMIT THE INDEMNITY OBLIGATIONS OF THE BORROWER UNDER SECTION 12.03 TO
THE EXTENT ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES ARE INCLUDED IN A THIRD PARTY CLAIM IN CONNECTION WITH WHICH AN INDEMNITEE IS ENTITLED TO INDEMNIFICATION BY THE BORROWER UNDER SECTION 12.03; AND (iii) CERTIFIES THAT
NO PARTY HERETO NOR ANY REPRESENTATIVE OR AGENT OF COUNSEL FOR ANY PARTY HERETO HAS REPRESENTED, EXPRESSLY OR OTHERWISE, OR IMPLIED THAT SUCH PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS, AND ACKNOWLEDGES THAT
IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT, THE LOAN DOCUMENTS AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS CONTAINED IN THIS SECTION 12.09. 

Section 12.10 Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference
only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

Section 12.11 Confidentiality. Each of the Administrative Agent, the Issuing Bank and the Lenders agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential in accordance with the terms hereof), (b) to the extent requested
by any regulatory authority having jurisdiction over the disclosing party, (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement or any other Loan
Document, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any suit, action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or
thereunder, (f) subject to an agreement for the express benefit of the Borrower containing provisions substantially the same as those of this Section 12.11, to any assignee of or Participant in, or any prospective assignee of or
Participant in, any of its rights or obligations under this Agreement or to any actual or prospective counterparty (or its advisors) to any Swap Agreement relating to Parent Guarantor, the Borrower and its obligations, (g) with

  
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the consent of the Borrower or (h) to the extent such Information becomes publicly available other than as a result of a breach of this Section 12.11 or becomes available to the
Administrative Agent, the Issuing Bank or any Lender on a nonconfidential basis from a source (other than any Credit Party) not known by them to be subject to disclosure restrictions. For the purposes of this Section 12.11,
“Information” means all information received from Parent Guarantor, the Borrower or any Subsidiary relating to Parent Guarantor, the Borrower or any Subsidiary and their businesses, other than any such information that is available
to the Administrative Agent, the Issuing Bank or any Lender on a nonconfidential basis prior to disclosure by Parent Guarantor, the Borrower or a Subsidiary; provided that, in the case of information received from Parent Guarantor, the
Borrower or any Subsidiary after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section 12.11 shall
be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. In addition, the
Administrative Agent and the Lenders may disclose the existence of this Agreement and information about this Agreement to rating agencies, market data collectors, similar service providers to the lending industry and service providers to the Agents
and the Lenders in connection with the administration of this Agreement, the other Loan Documents, and the Commitments. 

Section 12.12 Interest Rate Limitation. It is the intention of the parties hereto that each Lender shall conform strictly
to usury laws applicable to it. Accordingly, if the transactions contemplated hereby would be usurious as to any Lender under laws applicable to it (including the laws of the United States of America or any state or other jurisdiction whose laws may
be mandatorily applicable to such Lender notwithstanding the other provisions of this Agreement), then, in that event, notwithstanding anything to the contrary in any of the Loan Documents or any agreement entered into in connection with or as
security for the Notes, it is agreed as follows: (a) the aggregate of all consideration which constitutes interest under law applicable to any Lender that is contracted for, taken, reserved, charged or received by such Lender under any of the
Loan Documents or agreements or otherwise in connection with the Notes shall under no circumstances exceed the maximum amount allowed by such applicable law, and any excess shall be canceled automatically and if theretofore paid shall be credited by
such Lender on the principal amount of the Obligations (or, to the extent that the principal amount of the Obligations shall have been or would thereby be paid in full, refunded by such Lender to the Borrower); and (b) in the event that the
maturity of the Notes is accelerated by reason of an election of the holder thereof resulting from any Event of Default under this Agreement or otherwise, or in the event of any required or permitted prepayment, then such consideration that
constitutes interest under law applicable to any Lender may never include more than the maximum amount allowed by such applicable law, and excess interest, if any, provided for in this Agreement or otherwise shall be canceled automatically by such
Lender as of the date of such acceleration or prepayment and, if theretofore paid, shall be credited by such Lender on the principal amount of the Obligations (or, to the extent that the principal amount of the Obligations shall have been or would
thereby be paid in full, refunded by such Lender to the Borrower). All sums paid or agreed to be paid to any Lender for the use, forbearance or detention of sums due hereunder shall, to the extent permitted by law applicable to such Lender, be
amortized, prorated, allocated and spread throughout the stated term of the Loans until payment in full so that the rate or amount of interest on account of any Loans hereunder does not exceed the maximum amount allowed by such applicable law. If at
any time and from time to time the amount of interest payable to any Lender on any date shall be computed at the Highest Lawful Rate applicable to such Lender pursuant to this Section 12.12 and in respect of any subsequent interest
computation period the amount of interest otherwise payable to such Lender would be less than the amount of interest payable to such Lender computed at the Highest Lawful Rate applicable to such Lender, then the amount of interest payable to such
Lender in respect of such subsequent interest computation period shall continue to be computed at the Highest Lawful Rate applicable to such Lender until the total amount of interest payable to such Lender shall equal the total amount of interest
which would have been payable to such Lender if the total amount of interest had been computed without giving effect to this Section 12.12. 

  
 119 

 Section 12.13 EXCULPATION PROVISIONS. EACH OF THE PARTIES HERETO
SPECIFICALLY AGREES THAT IT HAS A DUTY TO READ THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS AND AGREES THAT IT IS CHARGED WITH NOTICE AND KNOWLEDGE OF THE TERMS OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS; THAT IT HAS IN FACT READ THIS AGREEMENT
AND IS FULLY INFORMED AND HAS FULL NOTICE AND KNOWLEDGE OF THE TERMS, CONDITIONS AND EFFECTS OF THIS AGREEMENT; THAT IT HAS BEEN REPRESENTED BY INDEPENDENT LEGAL COUNSEL OF ITS CHOICE THROUGHOUT THE NEGOTIATIONS PRECEDING ITS EXECUTION OF THIS
AGREEMENT AND THE OTHER LOAN DOCUMENTS; AND HAS RECEIVED THE ADVICE OF ITS ATTORNEY IN ENTERING INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS; AND THAT IT RECOGNIZES THAT CERTAIN OF THE TERMS OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS RESULT
IN ONE PARTY ASSUMING THE LIABILITY INHERENT IN SOME ASPECTS OF THE TRANSACTION AND RELIEVING THE OTHER PARTY OF ITS RESPONSIBILITY FOR SUCH LIABILITY. EACH PARTY HERETO AGREES AND COVENANTS THAT IT WILL NOT CONTEST THE VALIDITY OR ENFORCEABILITY OF
ANY EXCULPATORY PROVISION OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS ON THE BASIS THAT THE PARTY HAD NO NOTICE OR KNOWLEDGE OF SUCH PROVISION OR THAT THE PROVISION IS NOT “CONSPICUOUS.” 

Section 12.14 Collateral Matters; Swap Agreements; Treasury Management Agreements. The benefit of the Security Instruments
and of the provisions of this Agreement relating to any Collateral securing the Obligations shall also extend to and be available to Secured Swap Parties and Treasury Management Lenders on a pro rata basis (but subject to the terms of the
Loan Documents, including provisions thereof relating to the application and priority of payments to the Persons entitled thereto) in respect of any obligations of the Borrower, any of its Restricted Subsidiaries or any other Guarantors which arise
under Secured Swap Agreements or Lender Treasury Management Agreements, as applicable. No Secured Swap Party or Treasury Management Lender shall have any voting or approval rights under any Loan Document as a result of the existence of obligations
owed to it under any such Swap Agreements or Lender Treasury Management Agreements, as applicable. By accepting the benefits of the Collateral, each Secured Swap Party agrees that, notwithstanding anything to the contrary in any of its Swap
Agreements with Parent Guarantor, the Borrower or any other Credit Party, Parent Guarantor, the Borrower and the other Credit Parties may grant Liens under the Loan Documents that burden and attach to such Swap Agreements and the rights of Parent
Guarantor, the Borrower and the other Credit Parties thereunder. 
 Section 12.15 [Reserved]. 

Section 12.16 [Reserved]. 

Section 12.17 USA Patriot Act Notice. Each Agent and each Lender hereby notifies Parent Guarantor and the Borrower that
pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies the Borrower and each
Guarantor, which information includes the name and address of the Borrower and each Guarantor and other information that will allow it to identify the Borrower and each Guarantor in accordance with the Act. 

  
 120 

 Section 12.18 No Advisory or Fiduciary Responsibility. In connection with
all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each of Parent Guarantor and the Borrower acknowledges and agrees, and acknowledges
its Subsidiaries’ understanding, that: (a) (i) no fiduciary, advisory or (except as expressly provided in Section 12.04) agency relationship between Parent Guarantor, the Borrower and its Subsidiaries and the
Administrative Agent or any Lender is intended to be or has been created in respect of the transactions contemplated hereby or by the other Loan Documents, irrespective of whether the Administrative Agent or any Lender has advised or is advising
Parent Guarantor, the Borrower or any Subsidiary on other matters; (ii) the arranging and other services regarding this Agreement provided by the Administrative Agent and the Lenders are arm’s-length commercial transactions between Parent
Guarantor, the Borrower and their Subsidiaries, on the one hand, and the Administrative Agent and the Lenders, on the other hand; (iii) each of Parent Guarantor and the Borrower has consulted its own legal, accounting, regulatory and tax
advisors to the extent that it has deemed appropriate; and (iv) each of Parent Guarantor and the Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the
other Loan Documents; and (b) (i) the Administrative Agent and the Lenders each is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting
as an advisor, agent or fiduciary for Parent Guarantor, the Borrower or any of their Subsidiaries, or any other Person; (ii) neither the Administrative Agent nor the Lenders has any obligation to Parent Guarantor, the Borrower or any of their
Subsidiaries with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent and the Lenders and their respective Affiliates may be
engaged, for their own accounts or the accounts of customers, in a broad range of transactions that involve interests that differ from those of Parent Guarantor, the Borrower and their Subsidiaries, and neither the Administrative Agent nor the
Lenders has any obligation to disclose any of such interests to Parent Guarantor, the Borrower or their Subsidiaries. To the fullest extent permitted by Law, each of Parent Guarantor and the Borrower hereby waives and releases any claims that it may
have against the Administrative Agent and the Lenders with respect to any breach or alleged breach of agency (except as expressly set forth in Section 12.04) or fiduciary duty in connection with any aspect of any transaction contemplated
hereby. 
 Section 12.19 Acknowledgement and Consent to Bail- In of EEA Financial Institutions. Notwithstanding anything
to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any Loan Document, to the extent
such liability is unsecured, may be subject to the Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

(a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may
be payable to it by any party hereto that is an EEA Financial Institution; and 
 (b) the effects of any Bail-In Action on any such
liability, including, if applicable: 
 (i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its
parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this
Agreement or any other Loan Document; or 

  
 121 

 (iii) the variation of the terms of such liability in connection with the exercise of the
Write-Down and Conversion Powers of any EEA Resolution Authority. 
 The provisions of this Section 12.19 are intended to comply
with, and shall be interpreted in light of, Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union. 

[SIGNATURES BEGIN NEXT PAGE] 

  
 122 

 ANNEX I 

Commitments 
  

					
	 Lender
	  	Commitment	 
	 BMO Harris Bank N.A.
	  	$	52,235,294.12	 
	 Barclays Bank PLC
	  	$	51,294,117.65	 
	 Goldman Sachs Bank USA
	  	$	30,588,235.29	 
	 Capital One National Association
	  	$	28,235,294.12	 
	 Whitney Bank
	  	$	14,117,647.06	 
	 Fifth Third Bank
	  	$	11,764,705.88	 
	 CIT Bank, N.A.
	  	$	11,764,705.88	 
		  	  
	  
	 
	 Total
	  	$	200,000,000	 
		  	  
	  
	 

 Schedule 1.02 

LC Issuance Limit 
  

					
	 Issuing Bank
	  	LC Issuance Limit	 
	 BMO Harris Bank N.A.
	  	$	35,000,000	 
		  	  
	  
	 
	 Total
	  	$	35,000,000EX-4.1

 Exhibit 4.1 

Execution Version 
 UBER
TECHNOLOGIES, INC. 
 7.500% SENIOR NOTES DUE 2027 

INDENTURE 
 Dated as of
September 17, 2019 
 U.S. BANK NATIONAL ASSOCIATION 

as Trustee 

 TABLE OF CONTENTS 

 
  

 

							
	 	 	 	  	PAGE	 
	ARTICLE 1	  

	DEFINITIONS AND INCORPORATION BY REFERENCE	 

			
	 Section 1.01.
	 	 Definitions
	  	 	1	
	 Section 1.02.
	 	 Other Definitions
	  	 	21	
	 Section 1.03.
	 	 Rules of Construction
	  	 	22	
	 Section 1.04.
	 	 Accounting Terms; GAAP
	  	 	23	
	
	ARTICLE 2	  

	THE NOTES	 

			
	 Section 2.01.
	 	 Form, Dating and Denominations; Legends
	  	 	23	
	 Section 2.02.
	 	 Execution and Authentication; Additional Notes
	  	 	24	
	 Section 2.03. 
	 	 Registrar, Paying Agent and Authenticating Agent; Paying Agent to Hold Money in
Trust
	  	 	25	
	 Section 2.04.
	 	 Replacement Notes
	  	 	26	
	 Section 2.05.
	 	 Outstanding Notes
	  	 	26	
	 Section 2.06.
	 	 Temporary Notes
	  	 	26	
	 Section 2.07.
	 	 Cancellation
	  	 	27	
	 Section 2.08.
	 	 CUSIP, ISIN, CINS or Other Similar Numbers
	  	 	27	
	 Section 2.09.
	 	 Registration, Transfer and Exchange
	  	 	27	
	 Section 2.10.
	 	 Restrictions on Transfer and Exchange
	  	 	30	
	 Section 2.11.
	 	 Computation of Interest
	  	 	32	
	 Section 2.12.
	 	 Defaulted Interest
	  	 	32	
	 Section 2.13.
	 	 Holder Lists
	  	 	32	
	
	ARTICLE 3	  

	REDEMPTION AND PREPAYMENT	 

			
	 Section 3.01.
	 	 Election to Redeem; Notices to Trustee
	  	 	33	
	 Section 3.02.
	 	 Selection by Trustee of Notes to be Redeemed
	  	 	33	
	 Section 3.03.
	 	 Notice of Redemption
	  	 	33	
	 Section 3.04.
	 	 Effect of Notice of Redemption
	  	 	35	
	 Section 3.05.
	 	 Deposit of Redemption Price
	  	 	35	
	 Section 3.06.
	 	 Notes Redeemed in Part
	  	 	35	
	 Section 3.07.
	 	 Optional Redemption
	  	 	36	
	 Section 3.08.
	 	 No Mandatory Redemption
	  	 	36	
	
	ARTICLE 4	  

	COVENANTS	 

			
	 Section 4.01.
	 	 Payment of Principal, Premium and Interest
	  	 	36	
	 Section 4.02.
	 	 Maintenance of Office or Agency
	  	 	37	

  
 i 

							
	 Section 4.03.
	 	 Provision of Financial Information; Reports to Holders
	  	 	38	
	 Section 4.04.
	 	 Corporate Existence
	  	 	38	
	 Section 4.05.
	 	 Money for Notes Payments to Be Held in Trust
	  	 	39	
	 Section 4.06.
	 	 [Reserved]
	  	 	39	
	 Section 4.07.
	 	 Limitation on Liens
	  	 	39	
	 Section 4.08.
	 	 Limitation on Subsidiary Debt
	  	 	40	
	 Section 4.09.
	 	 Limitation on Sale and Lease-Back Transactions
	  	 	43	
	 Section 4.10.
	 	 Repurchase of Notes Upon a Change of Control Triggering Event
	  	 	44	
	 Section 4.11.
	 	 Additional Guarantees
	  	 	46	
	 Section 4.12.
	 	 Compliance Certificate
	  	 	47	
	 Section 4.13.
	 	 Stay, Extension and Usury Laws
	  	 	47	
	 Section 4.14.
	 	 Limited Conditionality Acquisitions
	  	 	47	
	 Section 4.15.
	 	 Suspension of Guarantees Upon Change in Ratings
	  	 	48	
	
	ARTICLE 5	  

	SUCCESSORS	 

			
	 Section 5.01.
	 	 Consolidation, Merger and Sale of Assets of the Company
	  	 	48	
	
	ARTICLE 6	  

	DEFAULTS AND REMEDIES	 

			
	 Section 6.01.
	 	 Events of Default
	  	 	50	
	 Section 6.02.
	 	 Acceleration of Maturity; Rescission
	  	 	53	
	 Section 6.03.
	 	 Other Remedies
	  	 	54	
	 Section 6.04.
	 	 Waiver of Past Defaults and Events of Default
	  	 	55	
	 Section 6.05.
	 	 Control by Majority
	  	 	55	
	 Section 6.06.
	 	 Limitation on Suits
	  	 	55	
	 Section 6.07.
	 	 Rights of Holders to Receive Payment
	  	 	56	
	 Section 6.08.
	 	 Collection Suit by Trustee
	  	 	56	
	 Section 6.09.
	 	 Trustee May File Proofs of Claim
	  	 	56	
	 Section 6.10.
	 	 Priorities
	  	 	57	
	 Section 6.11.
	 	 Undertaking for Costs
	  	 	57	
	 Section 6.12.
	 	 Delay or Omission Not Waiver
	  	 	57	
	
	ARTICLE 7	  

	TRUSTEE	 

			
	 Section 7.01.
	 	 Duties of Trustee
	  	 	58	
	 Section 7.02.
	 	 Rights of Trustee
	  	 	59	
	 Section 7.03.
	 	 Individual Rights of Trustee
	  	 	61	
	 Section 7.04.
	 	 Trustee’s Disclaimer
	  	 	61	
	 Section 7.05.
	 	 Notice of Defaults; Reports by Trustee to Holders
	  	 	62	
	 Section 7.06.
	 	 Compensation and Indemnity
	  	 	62	
	 Section 7.07.
	 	 Replacement of Trustee
	  	 	63	
	 Section 7.08.
	 	 Successor Trustee by Consolidation, Merger, Etc.
	  	 	64	
	 Section 7.09.
	 	 Eligibility; Disqualification
	  	 	64	

  
 ii 

							
	ARTICLE 8	  

	AMENDMENT, SUPPLEMENT AND WAIVER	 

			
	 Section 8.01.
	 	 Without Consent of Holders
	  	 	65	
	 Section 8.02.
	 	 With Consent of Holders
	  	 	66	
	 Section 8.03.
	 	 Revocation and Effect of Consents
	  	 	68	
	 Section 8.04.
	 	 Notation on or Exchange of Notes
	  	 	68	
	 Section 8.05.
	 	 Trustee to Sign Amendments, Etc.
	  	 	68	
	
	ARTICLE 9	  

	SATISFACTION AND DISCHARGE OF INDENTURE; DEFEASANCE	 

			
	 Section 9.01.
	 	 Satisfaction and Discharge of Liability on Notes; Defeasance
	  	 	69	
	 Section 9.02.
	 	 Conditions to Defeasance
	  	 	71	
	 Section 9.03.
	 	 Deposited Money and U.S. Government Securities to be Held in Trust; Other
Miscellaneous Provisions
	  	 	72	 
	 Section 9.04.
	 	 Reinstatement
	  	 	72	
	 Section 9.05.
	 	 Moneys Held by Paying Agent
	  	 	73	
	 Section 9.06.
	 	 Moneys Held by Trustee
	  	 	73	
	
	ARTICLE 10	  

	GUARANTEES	 

			
	 Section 10.01.
	 	 Guarantee
	  	 	73	
	 Section 10.02.
	 	 Severability
	  	 	75	
	 Section 10.03.
	 	 Limitation of Liability
	  	 	75	
	 Section 10.04.
	 	 Contribution
	  	 	75	
	 Section 10.05.
	 	 Subrogation
	  	 	76	
	 Section 10.06.
	 	 Reinstatement
	  	 	76	
	 Section 10.07.
	 	 Benefits Acknowledged
	  	 	76	
	
	ARTICLE 11	  

	MISCELLANEOUS	 

			
	 Section 11.01.
	 	 Trust Indenture Act of 1939
	  	 	76	
	 Section 11.02.
	 	 Holder Communications; Holder Actions
	  	 	76	
	 Section 11.03.
	 	 Notices
	  	 	77	
	 Section 11.04.
	 	 Certificate and Opinion as to Conditions Precedent
	  	 	79	
	 Section 11.05.
	 	 Statements Required in Certificate and Opinion
	  	 	79	
	 Section 11.06.
	 	 Rules by Trustee and Agents
	  	 	79	
	 Section 11.07.
	 	 No Personal Liability of Directors, Officers, Employees and Stockholders
	  	 	80	 
	 Section 11.08.
	 	 Governing Law; Waiver of Jury Trial
	  	 	80	
	 Section 11.09.
	 	 No Adverse Interpretation of Other Agreements
	  	 	80	
	 Section 11.10.
	 	 Successors
	  	 	80	
	 Section 11.11.
	 	 Separability
	  	 	80	
	 Section 11.12.
	 	 Counterpart Originals
	  	 	80	

  
 iii 

							
	 Section 11.13.
	 	 Table of Contents, Headings, Etc.
	  	 	81	
	 Section 11.14.
	 	 USA Patriot Act
	  	 	81	
	 Section 11.15.
	 	 Calculations
	  	 	81	
	 Section 11.16.
	 	 Legal Holidays
	  	 	81	

 EXHIBITS 
  

			
	 Exhibit A
	 	 FORM OF NOTE

	 Exhibit B
	 	 FORM OF RESTRICTED LEGEND

	 Exhibit C
	 	 FORM OF DTC LEGEND

	 Exhibit D
	 	 FORM OF REGULATION S CERTIFICATE

	 Exhibit E
	 	 FORM OF RULE 144A CERTIFICATE

	 Exhibit F
	 	 FORM OF INSTITUTIONAL ACCREDITED INVESTOR CERTIFICATE

	 Exhibit G
	 	 FORM OF CERTIFICATE OF BENEFICIAL OWNERSHIP

	 Exhibit H
	 	 FORM OF SUPPLEMENTAL INDENTURE

  
 iv 

 INDENTURE, dated as of September 17, 2019, among Uber Technologies, Inc., a Delaware
corporation, as issuer, the Subsidiaries of the Company from time to time party hereto and U.S. Bank National Association, a national banking association organized under the laws of the United States, as Trustee. 

Each party agrees as follows for the benefit of the other parties and for the equal and ratable benefit of the Holders of the Notes. 

ARTICLE 1 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01.    Definitions. 

“Additional Notes” means any notes issued under this Indenture in addition to the Initial Notes ranking equally and having the
same terms in all respects as the Initial Notes (except the issue date, issue price and the date of the first payment of interest on the Additional Notes if the Additional Notes are issued after the first payment of interest on the Notes). 

“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” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control
with”), as used with respect to any Person, shall mean 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. 
 “Agent” means any Registrar, co-Registrar, DTC
Custodian, or Paying Agent. 
 “Aggregate Debt” means the sum of the following as of the date of determination:
(1) the then outstanding aggregate principal amount of Indebtedness of the Company and its Domestic Restricted Subsidiaries, without duplication, incurred after the Existing Notes Issue Date and secured by Liens not permitted by
Section 4.07(a), but including any secured Indebtedness under the Credit Agreement outstanding on the Existing Notes Issue Date to the extent outstanding at such time; (2) the then outstanding aggregate principal amount of all Subsidiary
Debt incurred after the Existing Notes Issue Date, without duplication, and not permitted by Section 4.08(b); provided that any such Subsidiary Debt will be excluded from this clause (2) to the extent that such Subsidiary Debt is
included in clause (1) or (3) of this definition; and (3) the then existing Attributable Liens of the Company and its Domestic Restricted Subsidiaries in respect of sale and lease-back transactions, without duplication, entered into after
the Issue Date pursuant to the last paragraph of Section 4.09; provided that any such Attributable Liens will be excluded from this clause (3) to the extent that the Indebtedness relating thereto is included in clause (1) or
(2) of this definition; provided further that in no event will the amount of any Indebtedness (including Guarantees of such Indebtedness) be required to be included in the calculation of Aggregate Debt more than once despite the fact more
than one Person is liable with respect to such Indebtedness and despite the fact such 

 
Indebtedness is secured by the assets of more than one Person (for example, and for avoidance of doubt, in the case where more than one Person has Guaranteed or otherwise become liable for such
Indebtedness or in the case where there are Liens on assets of one or more of the Company and its Domestic Restricted Subsidiaries securing such Indebtedness or one or more Guarantees thereof, the amount of Indebtedness so Guaranteed or secured
shall only be included once in the calculation of Aggregate Debt). 
 “amend” means amend, modify, supplement, restate or
amend and restate, including successively; and “amending” and “amended” have correlative meanings. 

“Applicable Premium” means, with respect to any Note on any Redemption Date and as calculated by the Company, the greater of:

  

	 	(1)	 1.0% of the principal amount of such Note; and 

 

	 	(2)	 the excess, if any, of (a) the present value at such Redemption Date of (i) the Redemption Price of
such Note that would apply if such Note were redeemed on September 15, 2022 (such Redemption Price (expressed in percentage of principal amount) being set forth in the table appearing in Section 3.07(b)), plus (ii) all remaining
scheduled payments of interest due on such Note to and including September 15, 2022 (excluding accrued but unpaid interest, if any, to, but excluding, the Redemption Date), with respect to each of subclause (i) and (ii), computed using a
discount rate equal to the Treasury Rate as of such Redemption Date plus 50 basis points; over (b) the principal amount of such Note. 

“Applicable Procedures” means, with respect to any matter at any time relating to a Global Note, the rules, policies and
procedures of the Depositary applicable to such matter. 
 “Attributable Liens” means in connection with a sale and
lease-back transaction the lesser of (1) the fair market value of the assets subject to such transactions as determined in good faith by an Officer of the Company and (2) the present value (discounted at a rate of 10% per annum compounded
monthly) of the obligations of the lessee for rental payments during the shorter of the term of the related lease or the period through the first date on which the Company may terminate the lease. 

“Bankruptcy Law” means Title 11, United States Code, or any similar U.S. Federal or state law or law of any other
jurisdiction relating to bankruptcy, insolvency, winding-up, liquidation, reorganization or relief of debtors. 

“Board of Directors” means: 
  

	 	(1)	 with respect to a corporation, the board of directors of the corporation (including any committee thereof duly
authorized to act on behalf of such board); 

  
 2 

	 	(2)	 with respect to a partnership having only one general partner, the board of directors of the general partner of
the partnership; 

  

	 	(3)	 with respect to a limited liability company, the conseil de gérance, the conseil d’administration,
the managing member or members or any controlling committee of managing members or other governing body thereof; and 

  

	 	(4)	 with respect to any other Person, the board or committee of such Person serving a similar function.

 “Business Day” means each day that is not a Saturday, Sunday or other day on which banking
institutions in New York, New York or in the place of payment are authorized or required by law to close. 
 “Capital Lease
Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are
required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP; provided that, for the
avoidance of doubt, any obligations relating to a lease that was accounted for by such Person as an operating lease as of the Existing Notes Issue Date and any similar lease entered into after the Existing Notes Issue Date by such Person shall be
accounted for as obligations relating to an operating lease and not as Capital Lease Obligations. 
 “Capital Stock” means:

  

	 	(1)	 in the case of a corporation, capital stock, shares or share capital; 

 

	 	(2)	 in the case of an association or business entity, any and all shares, interests, participations, rights or
other equivalents (however designated) of capital 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 shall not include any debt securities convertible into or
exchangeable for any securities otherwise constituting Capital Stock pursuant to this definition. 
 “Certificate of Beneficial
Ownership” means a certificate substantially in the form of Exhibit G. 

  
 3 

 “Certificated Note” means a Note in registered individual form without
interest coupons. 
 “Change of Control” means the occurrence of any of the following: 

(1)    the sale, lease, transfer or other conveyance, in one or a series of related transactions, of all or substantially
all of the assets of the Company and its Subsidiaries, taken as a whole, to any Person (other than the Company or any of its Subsidiaries); or 

(2)    any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange
Act), other than the Company, its Subsidiaries or any employee benefit plan of the Company or its Subsidiaries, has become, and files a Schedule 13D or Schedule TO (or any successor schedule, form or report) pursuant to the Exchange Act disclosing
or the Company otherwise becomes aware that such person or group has become, the direct or indirect “beneficial owner” (as such term is used in Rules 13d-3 and
13d-5 under the Exchange Act), in a single transaction or in a related series of transactions, by way of merger, consolidation or other business combination or purchase of beneficial ownership, directly or
indirectly, of more than 50% of the total voting power of the Voting Stock of the Company, unless such beneficial ownership arises solely as a result of a revocable proxy delivered in response to a public proxy or consent solicitation made pursuant
to the applicable rules and regulations under the Exchange Act and is not also then reportable on Schedule 13D or Schedule 13G (or any successor schedule) under the Exchange Act; provided, however, that a transaction will not be deemed to
involve a Change of Control under this clause (2) if (a) the Company becomes a direct or indirect wholly owned subsidiary of a holding company, and (b)(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” or “group” (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. 

“Change of Control Triggering Event” means the occurrence of (1) a Change of Control that is accompanied or followed by
a downgrade of the Notes within the Ratings Decline Period for such Change of Control by each of Moody’s and S&P (or, in the event Moody’s or S&P or both shall cease rating the Notes (for reasons outside the control of the Company)
and the Company shall select any other nationally recognized rating agency, the equivalent of such ratings by such other nationally recognized rating agency) and (2) the rating of the relevant Notes on any day during such Ratings Decline Period
is below the lower of the rating by such nationally recognized rating agency in effect (a) immediately preceding the first public announcement of the Change of Control (or occurrence thereof if such Change of Control occurs prior to public
announcement) and (b) on the Issue Date. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Commission” means the U.S. Securities and Exchange Commission. 

  
 4 

 “Company” means Uber Technologies, Inc., a Delaware corporation, until a
successor replaces it in accordance with the applicable provisions of this Indenture and thereafter means the successor serving hereunder and any and all successors thereto hereunder. 

“Company Order” means a written request or order signed in the name of the Company by an Officer and delivered to the
Trustee. 
 “Consolidated EBITDA” means, for any Person in such period, Consolidated Net Income for such period
plus, without duplication and to the extent reflected as a charge or otherwise taken into account in the statement of such Consolidated Net Income for such period, the sum of (a) income tax expense, (b) interest expense,
amortization or write-off of debt discount and debt issuance costs and commissions, discounts and other fees and charges associated with Indebtedness, plus expenses associated with the equity component of, and
any mark-to-market losses with respect to, Convertible Notes, (c) depreciation and amortization expense, (d) amortization of intangibles (including, but not
limited to, goodwill), (e) any extraordinary charges or losses determined in accordance with GAAP, (f) non-cash stock option and other equity-based compensation expenses and payroll tax expense related to
stock option and other equity-based compensation expenses, (g) any other non-cash charges, non-cash expenses or non-cash
losses of the Person or any of its Restricted Subsidiaries for such period, including any write-down of intangibles (excluding any such charge, expense or loss incurred in the ordinary course of business that constitutes an accrual of, or a reserve
for, cash charges for any future period), including, for the avoidance of doubt, non-cash foreign currency translation losses and any unrealized losses in respect of Swap Agreements (including non-cash losses related to currency re-measurement of Indebtedness); provided, however that cash payments made in such period or in any future period in respect
of such non-cash charges, expenses or losses (excluding any such charge, expense or loss incurred in the ordinary course of business that constitutes an accrual of, or a reserve for, cash charges for any
future period) shall be subtracted from Consolidated Net Income in calculating Consolidated EBITDA in the period when such payments are made, (h) transition, integration and similar fees, charges and expenses related to acquisitions or
dispositions, (i) restructuring charges or reserves including write-downs and write-offs, including any one-time costs incurred in connection with acquisitions or dispositions and costs related to the
closure, consolidation and integration of facilities, information technology infrastructure and legal entities, and severance and retention bonuses; (j) the amount of cost savings and synergies projected by such Person in good faith to be
realized as a result of an acquisition, disposition or other corporate event (including any restructuring or reduction in force), in each case within the four consecutive fiscal quarters following the consummation of such event (or following the
consummation of the squeeze-out merger in the case of an acquisition structured as a two-step transaction), calculated as though such cost savings and synergies had been
realized on the first day of such period and net of the amount of actual benefits received during such period from such acquisition; provided that (i) an Officer’s Certificate shall be delivered to the Trustee certifying that such
cost savings and synergies are reasonably expected and factually supportable in the good faith judgment of such Person and (ii) no cost savings or synergies shall be added pursuant to this clause (j) to the extent duplicative of any

  
 5 

 
expenses or charges otherwise added to Consolidated EBITDA, whether through a pro forma adjustment or otherwise, for such period (provided that, notwithstanding anything to the contrary,
the amount that may be added back pursuant to clauses (h), (i), (j) and (l) may not in the aggregate for any four fiscal quarter period exceed the greater of (x) $25,000,000 and (y) 15% of Consolidated EBITDA for such period (determined without
giving effect to any such adjustment pursuant to such clauses (h), (i), (j) and (l))), (k) costs, expenses, settlements and charges related to, arising out of or made in connection with legal proceedings and regulatory matters (provided that
the amount that may be added back pursuant to this clause (k) may not in the aggregate for any four fiscal quarter period exceed the greater of (x) $25,000,000 and (y) 15% of Consolidated EBITDA for such period (determined without giving effect
to any such adjustment pursuant to this clause (k))), (l) costs, fees, charges and losses in respect of discontinued operations, (m) adjustments relating to purchase price allocation accounting (including any write-down of deferred revenue),
and (n) fees and expenses directly related to the offering of the Notes or the Existing Notes, the incurrence of any Indebtedness permitted hereunder, the offering of any Equity Interests by such Person and any acquisition or disposition
transactions, minus, to the extent included in the statement of such Consolidated Net Income for such period (and without duplication), the sum of (a) interest income, (b) any extraordinary income or gains determined in accordance
with GAAP, and (c) any other non-cash income (excluding any items that represent the reversal of any accrual of, or cash reserve for, anticipated cash charges in any prior period that are described in the
parenthetical to clause (g) above), including for the avoidance of doubt non-cash foreign currency translation gains (including non-cash gains related to currency re-measurement of Indebtedness), mark-to-market gains in respect of Convertible Notes and unrealized gains in respect of Swap
Agreements, all as determined on a consolidated basis. 
 Consolidated EBITDA shall be calculated after giving effect on a pro forma basis
for the applicable Measurement Period to any asset sales or other dispositions or acquisitions, investment, mergers, consolidations and discontinued operations (as determined in accordance with GAAP) by such Person and its Restricted Subsidiaries
(1) that have occurred during such Measurement Period or at any time subsequent to the last day of such Measurement Period and on or prior to the date of the transaction in respect of which Consolidated EBITDA is being determined and
(2) that the Company determines in good faith are outside the ordinary course of business, in each case as if such asset sale or other disposition or acquisition, investment, merger, consolidation or disposed operation occurred on the first day
of such Measurement Period. For purposes of this definition, pro forma calculations shall be made in accordance with Article 11 of Regulation S-X under the Securities Act; provided that such pro forma
calculations may include cost savings and synergies to the extent permitted by clause (j) above and any adjustments permitted pursuant to clause (m) above relating to purchase accounting; provided that the Company shall not be
required to give pro forma effect to any transaction that it does not in good faith deem material. Such pro forma calculations shall be made in good faith by a responsible financial or accounting officer of the Company. 

“Consolidated Net Income” means, with respect to any Person (the “Measured Person”) for any period, the net
income or loss of such Person and its Restricted Subsidiaries for such period, determined on a consolidated basis in conformity with 

  
 6 

 
GAAP; provided that there shall be excluded (a) the income of any Person that is not a consolidated Restricted Subsidiary of such Person except to the extent of the amount of cash
dividends or similar cash distributions actually paid by such Person to the Measured Person or, subject to clauses (b) and (c) below, any consolidated Restricted Subsidiary of such Measured Person during such period, (b) the income of, and
any amounts referred to in clause (a) above paid to, any consolidated Restricted Subsidiary that is not a Guarantor of the Measured Person to the extent that, on the date of determination, the declaration or payment of cash dividends or similar
cash distributions by such Restricted Subsidiary is not permitted without any prior approval of any Governmental Authority that has not been obtained or is not permitted by the operation of the terms of the organizational documents of such
Restricted Subsidiary, any agreement or other instrument binding upon such Restricted Subsidiary or any law applicable to such Restricted Subsidiary, unless such restrictions with respect to the payment of cash dividends and other similar cash
distributions have been legally and effectively waived, and (c) the income or loss of, and any amounts referred to in clause (a) above paid to, any consolidated Restricted Subsidiary that is not wholly owned by the Measured Person to the
extent such income or loss or such amounts are attributable to the noncontrolling interest in such consolidated Restricted Subsidiary. 

“Convertible Notes” means debt securities that are convertible into or exchangeable for any combination of Equity Interests
and/or cash. 
 “Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate
trust business with respect to this Indenture shall be administered, which office at the Issue Date is located at the address of the Trustee specified in Section 11.03 and for Agent services such office shall also mean the office or agency of
the Trustee located at the address of the Trustee specified in Section 11.03, or, in each case, such other address as the Trustee may designate from time to time by notice to the Holders and the Company, or the principal corporate trust office
of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the Holders and the Company). 

“corporation” includes corporations, associations, companies (including any limited liability company), business trusts and
limited partnerships. 
 “Credit Agreement” means that certain Term Loan Agreement, dated as of July 13, 2016, between
the Company, Morgan Stanley Senior Funding, Inc., and the financial institutions from time to time party thereto, including any related notes, guarantees, collateral documents, instruments and agreements executed in connection therewith, as amended,
restated, supplemented, modified, renewed, refunded, replaced (whether at maturity or thereafter) or refinanced from time to time in one or more agreements or indentures (in each case with the same or new lenders or institutional investors),
including any agreement adding or changing the borrower or guarantor or extending the maturity thereof or otherwise restructuring all or any portion of the Indebtedness thereunder or increasing the amount loaned or issued thereunder or altering the
maturity thereof. 

  
 7 

 “Custodian” means any receiver, interim receiver, receiver and manager,
trustee, assignee, liquidator, custodian 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. 
 “Depositary” means the
depositary of each Global Note, which will initially be DTC, or another Person designated as Depositary by the Company, which Person must be a clearing agency registered under the Exchange Act. 

“Derivative Instrument” with respect to a Person, means any contract, instrument or other right to receive payment or
delivery of cash or other assets to which such Person or any Affiliate of such Person that is acting in concert with such Person in connection with such Person’s investment in the Notes (other than a Screened Affiliate) is a party (whether or
not requiring further performance by such Person), the value and/or cash flows of which (or any material portion thereof) are materially affected by the value and/or performance of the Notes and/or the creditworthiness of the Company and/or any one
or more of the Guarantors (the “Performance References”). 
 “Disqualified Stock” means, with respect to
any Person, any Capital Stock of such Person which, by its terms (or by the terms of any security into which it is convertible or for which it is putable or exchangeable), or upon the happening of any event, matures or is mandatorily redeemable
(other than as a result of a change of control, fundamental change or asset sale), pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof (other than as a result of a change of control, fundamental
change or asset sale), in whole or in part, in each case for consideration other than Qualified Stock prior to the date that is 91 days after the earlier of the final maturity date of the Notes or the date the Notes are no longer outstanding;
provided, however, that if (a) only the portion of such Capital Stock which is required to be redeemed, is so convertible or exchangeable or is so redeemable at the option of the holder thereof before such date will be deemed to
be Disqualified Stock, and (b) such Capital Stock is issued to any plan for the benefit of employees of the Company or any of its Subsidiaries or transferred by any such plan to such employees, such Capital Stock shall not constitute
Disqualified Stock solely because it may be required to be repurchased by the Company or any of its Subsidiaries in order to satisfy applicable statutory or regulatory obligations. 

“Domestic Restricted Subsidiary” means any Domestic Subsidiary of such Person that is a Restricted Subsidiary. 

“Domestic Subsidiary” means, with respect to any Person, any Subsidiary of such Person organized or existing under the laws
of the United States, any state thereof or the District of Columbia, excluding (x) any such Subsidiary substantially all of the assets of which consist of Equity Interests (or such Equity Interests and obligations owed or treated as owed by
such Subsidiaries) in (i) one or more Subsidiaries that are “controlled foreign corporations” within the meaning of Section 957 of the Code or (ii) one or more Subsidiaries otherwise described in this clause (x) and (y)
any such Subsidiary that is owned (directly or indirectly) by a Subsidiary that is a “controlled foreign corporation” within the meaning of Section 957 of the Code. 

  
 8 

 “DTC” means The Depository Trust Company, a New York corporation, and its
successors. 
 “DTC Custodian” means the Trustee as custodian with respect to the Global Notes or any successor entity
thereto. 
 “DTC Legend” means the legend set forth in Exhibit C. 

“Equity Interests” means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any
debt security that is convertible into, or exchangeable for, Capital Stock). 
 “Equity Offering” means a public or private
offering for cash by the Company, or any direct or indirect parent of the Company, of Capital Stock or options, warrants or rights with respect to the Capital Stock (in the case of an offering by any direct or indirect parent of the Company, to the
extent such cash proceeds are contributed to the Company), other than (1) public offerings registered on Form S-8, (2) an issuance to any Subsidiary or other affiliate or (3) Disqualified Stock. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission
promulgated thereunder. 
 “GAAP” means generally accepted accounting principles in the United States which are in effect
from time to time. 
 “Global Note” means a Note in registered global form registered in the name of the Depositary or its
nominee, without interest coupons. 
 “Governmental Authority” means the government of the United States of America, any
other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank). 

“Guarantee” means a guarantee other than by endorsement of negotiable instruments for collection or deposit in the ordinary
course of business, direct or indirect, in any manner including, without limitation, through letters of credit or reimbursement agreements in respect thereof, of all or any part of any Indebtedness; provided that the term Guarantee shall not
include customary indemnification obligations entered into in connection with any acquisition or disposition of assets or of other entities (other than to the extent that the primary obligations that are the subject of such indemnification
obligation would be considered Indebtedness hereunder); and “Guaranteed” and “Guaranteeing” shall have correlative meanings. When used as a verb, “Guarantee” shall have a corresponding meaning. The
amount of Indebtedness of another Person 

  
 9 

 
Guaranteed by the specified Person or one or more of such Persons as of any date shall be equal to the lesser of: (a) the principal amount of such Indebtedness of such other Person and
(b) the maximum principal amount of such Indebtedness payable under the Guarantee or Guarantees (without duplication in the case of one or more Guarantees of the same Indebtedness by Subsidiaries). 

“Guarantor” means any Person that provides a Note Guarantee, either on the Issue Date or after the Issue Date in accordance
with the terms of this Indenture; provided that upon the release and discharge of such Person from its Note Guarantee in accordance with this Indenture, such Person shall cease to be a Guarantor. 

“Holder” means the Person in whose name a Note is registered on the Note Register. 

“Indebtedness” of any specified Person means any indebtedness for borrowed money. For the avoidance of doubt, with respect to
any Person, Indebtedness includes only indebtedness for the repayment of money provided to such Person, and does not include any other kind of indebtedness or obligation notwithstanding that such other indebtedness or obligation may be evidenced by
a note, bond, debenture or other similar instrument, may be in the nature of a financing transaction, or may be an obligation that under GAAP is classified as “debt” or another type of liability, whether required to be reflected on the
balance sheet of such Person or otherwise. For the further avoidance of doubt, the inclusion of specific obligations in Section 4.08(b) shall not create any implication that any such obligations constitute Indebtedness. 

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 that does not require the current payment
of interest; 
 (2)    the principal amount of the Indebtedness, in the case of any other Indebtedness; 

(3)    in respect of Indebtedness of another Person secured by a Lien on the assets of the specified Person (not otherwise
Guaranteed by the specified Person), the lesser of: (a) the fair value (as determined in good faith by an Officer of the Company) of such assets at the date of determination and (b) the principal amount of the Indebtedness of the other
Person; and 
 (4)    in respect of any Indebtedness of another Person Guaranteed by the specified Person or one or more
Persons, the lesser of (a) the principal amount of such Indebtedness of such other Person and (b) the maximum amount of Indebtedness payable under the Guarantee or Guarantees (without duplication in the case of one or more Guarantees of
Indebtedness by Domestic Restricted Subsidiaries). 
 In addition, accrual of interest and accretion or amortization of original issue
discount will not be deemed to be an incurrence of Indebtedness for any purpose under this Indenture. 

  
 10 

 Notwithstanding the foregoing, Indebtedness shall not include third party obligations
included in the Company’s financial statements as a result of variable interest entity accounting or any Indebtedness among the Company and its Restricted Subsidiaries. 

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

“Initial Notes” means the $1,200,000,000 aggregate principal amount of the 7.500% Senior Notes due 2027 of the Company issued
pursuant to this Indenture on the Issue Date. 
 “Institutional Accredited Investor” means an institution that is an
“accredited investor” (as defined) in Rule 501(a)(1), (2), (3) or (7) under the Securities Act. 
 “Institutional
Accredited Investor Certificate” means a certificate substantially in the form of Exhibit F hereto. 
 “Interest Payment
Date” means March 15 or September 15 of each year, as applicable. 
 “Investment Grade” means (1) BBB-or above, in the case of S&P (or its equivalent under any successor rating categories of S&P) and Baa3 or above, in the case of Moody’s (or its equivalent under any successor rating
categories of Moody’s), or (2) the equivalent to the foregoing in respect of the rating categories of any other Rating Agencies. 

“Issue Date” means the date of original issuance of the Notes under this Indenture. 

“Joint Venture” means, with respect to any Person, any partnership, corporation or other entity in which up to and including
50% of the Equity Interests is owned, directly or indirectly, by such Person or one or more of its Subsidiaries. A Joint Venture shall not be treated as a Subsidiary. 

“Legal Holiday” means a Saturday, a Sunday or a day on which banking institutions are not required to be open in the City of
New York. 
 “Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or similar
encumbrance; provided that in no event shall a lease that was, or would have been, accounted for by such Person as an operating lease as of the Existing Notes Issue Date be deemed to constitute a Lien. 

“Limited Conditionality Acquisition” means any acquisition whose consummation is not conditioned on (a) the availability
of, or on obtaining, third party financing, (b) the receipt of proceeds of any investment or (c) the redemption or repayment of indebtedness requiring irrevocable notice in advance of such redemption or repayment. 

  
 11 

 “Long Derivative Instrument” means a Derivative Instrument (i) the
value of which generally increases, and/or the payment or delivery obligations under which generally decrease, with positive changes to the Performance References and/or (ii) the value of which generally decreases, and/or the payment or
delivery obligations under which generally increase, with negative changes to the Performance References. 
 “Measurement
Period” means, at any date of determination, the most recently completed four fiscal quarters of the Company for which financial statements have been filed with the Commission, or in the event that, at any date of determination, the Company
is not subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, the most recently completed four fiscal quarters of the Company for which financial statements have been provided pursuant to this Indenture. 

“Mission Bay Campus” means the headquarters of the Company or its Subsidiaries expected to be located at 1515, 1455, 1655
& 1725 Third Street, San Francisco, CA 94158. 
 “Moody’s” means Moody’s Investors Service, Inc. and any
successor to its rating agency business. 
 “Net Short” means, with respect to a Holder or beneficial owner, as of a date
of determination, either (i) the value of its Short Derivative Instruments exceeds the sum of (x) the value of its Notes plus (y) the value of its Long Derivative Instruments as of such date of determination or (ii) it is
reasonably expected that such would have been the case were a Failure to Pay or Bankruptcy Credit Event (each as defined in the 2014 International Swaps and Derivatives Association, Inc. Credit Derivatives Definitions) to have occurred with respect
to the Company or any Guarantor immediately prior to such date of determination. 

“Non-U.S. Person” means a Person who is not a U.S. Person, as defined in Regulation
S. 
 “Note Guarantee” means any Guarantee of the obligations of the Company under this Indenture and the Notes by a
Guarantor in accordance with the provisions of this Indenture. 
 “Notes” means the Initial Notes and the Additional Notes,
if any, issued by the Company pursuant to this Indenture. 
 “Offering Memorandum” means the preliminary offering
memorandum, dated as of September 12, 2019, as supplemented by the related pricing term sheet dated September 12, 2019, relating to the offering and sale of the Notes. 

“Officer” means the Chairman of the Board, the Chief Executive Officer, the President, the Chief Financial Officer, the Chief
Accounting Officer, any Executive Vice President, Senior Vice President or Vice President, the Treasurer or the Secretary, the most senior financial officer from time to time, or any equivalent, of the Company. 

  
 12 

 “Officer’s Certificate” means a certificate signed on behalf of the
Company by one Officer of the Company. 
 “Offshore Global Note” means a Global Note representing Notes issued and sold
pursuant to Regulation S; provided that any such Regulation S Global Note shall be deemed to be a “temporary global security” for purposes of Rule 904 under Regulation S until the expiration of the Restricted Period. 

“Opinion of Counsel” means a written opinion from legal counsel delivered to the Trustee, which counsel may be an employee of
or counsel to the Company or any Subsidiary, or other counsel acceptable to the Trustee, which opinion may contain customary exceptions and qualifications as to the matters set forth therein, that is delivered to the Trustee. 

“Permitted Liens” means: 

(1)    Liens on any assets created solely to secure obligations incurred to finance the refurbishment, improvement or
construction of such asset, which obligations are incurred no later than 12 months after completion of such refurbishment, improvement or construction, and all renewals, extensions, refinancings, replacements or refundings of such obligations; 

(2)    (a) Liens given to secure the payment of the purchase price or other acquisition, installation or construction
costs incurred in connection with the acquisition (including acquisition through merger or consolidation) of any Principal Property, including capital lease transactions in connection with any such acquisition and including any purchase money Liens,
and (b) Liens existing on any Principal Property at the time of acquisition (including acquisition through merger or consolidation) thereof or at the time of acquisition by the Company or any Subsidiary of any Person then owning such property
whether or not such existing Liens were given to secure the payment of the purchase price of the property to which they attach; provided that with respect to clause (a), the Liens shall be given within 270 days after such acquisition and
shall attach solely to the Principal Property acquired or purchased and any improvements then or thereafter placed thereon and any proceeds thereof; 

(3)    Liens given to secure all or any portion of the payment of or financing of all or any part of the purchase price or
other acquisition, cost of development, installation, construction, alteration, improvement, operation or repair costs incurred in connection with the acquisition (including acquisition through merger or consolidation) of any Principal Property,
including Capital Lease Obligations in connection with any such acquisition and including any purchase money Liens; provided that the Liens shall be given (or given pursuant to a firm commitment financing arrangement obtained within such
period) within 270 days after the later of (i) such acquisition and/or the completion of any development, installation, construction, alteration, improvement, operation or repair, whichever is later, and (ii) the placing into commercial
operation of such Principal Property after such acquisition or completion of any construction, alteration, improvement or repair, and shall attach solely to the Principal Property acquired or purchased and any additions, accessions or improvements
then or thereafter placed thereon and any proceeds thereof; 

  
 13 

 (4)    Liens existing on any Principal Property at the time of
acquisition of such Principal Property by the Company or any Subsidiary of the Company or Liens existing on assets of a Person and its Subsidiaries prior to the time such Person becomes a Subsidiary (including acquisition through merger or
consolidation) or at the time of such acquisition by the Company or any Subsidiary of the Company; provided that such Liens do not extend to other assets of the Company or its other Subsidiaries; 

(5)    Liens in favor of the Company or a Subsidiary of the Company; 

(6)    Liens on any Principal Property in favor of the United States of America or any State thereof or any political
subdivision thereof to secure progress or other payments or to secure Indebtedness incurred for the purpose of financing the cost of acquiring, constructing, improving or repairing such Principal Property; 

(7)    Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in
connection with the importation of goods and Liens deemed to exist in connection with investments in repurchase agreements; 

(8)    Liens imposed by law, such as carriers’, warehousemen’s and mechanic’s Liens and other similar Liens
arising in the ordinary course of business; 
 (9)    Liens in connection with legal proceedings and Liens arising
solely by virtue of any statutory, common law or contractual provision relating to banker’s Liens, rights of set-off or similar rights and remedies as to deposit accounts, securities accounts or other
funds maintained with a creditor depository institution; 
 (10)    Liens for taxes, assessments or other governmental
charges not yet overdue for a period of more than 30 days or subject to penalties for non-payment or which are being contested in good faith by appropriate proceedings; 

(11)    pledges and deposits to secure the performance of bids, trade or commercial contracts (including insurance
contracts), government contracts, purchase, construction, sales and servicing contracts (including utility contracts), leases, public, statutory or regulatory obligations, surety, stay, customs and appeal bonds, performance bonds and other
obligations of a like nature, in each case in the ordinary course of business, deposits as security for contested taxes, import or other customs, duties, liabilities to insurance carriers or for the payment of rent and Liens to secure letters of
credit, Guarantees, bonds or other sureties given in connection with the foregoing or in connection with workers’ compensation, unemployment insurance or other types of social security or similar laws and regulations; 

(12)    leases, subleases, licenses or sublicenses granted to others not interfering in any material respect with the
business of the Company and its Restricted Subsidiaries, taken as a whole; 

  
 14 

 (13)    Liens upon specific items of inventory or other goods, documents
of title and proceeds of any Person securing such Person’s obligation in respect of letters of credit or banker’s acceptances issued or created in the ordinary course of business for the account of such Person to facilitate the purchase,
shipment, or storage of such inventory or other goods; 
 (14)    Liens on stock, partnership or other Equity Interests
in any Joint Venture of the Company or any of its Subsidiaries or in any Subsidiary of the Company that owns an Equity Interest in a Joint Venture to secure Indebtedness contributed or advanced solely to that Joint Venture, including, but not
limited to, put and call arrangements set forth in the applicable Joint Venture organizational documents or any related Joint Venture, shareholders, investor rights or similar agreement; 

(15)    Liens and deposits securing netting services, business credit card programs, overdraft protection and other
treasury, depository and cash management services or incurred in connection with any automated clearing-house transfers of funds or other fund transfer or payment processing services; 

(16)    Liens on, and consisting of, deposits made by the Company to discharge or defease the Notes and this Indenture, or
any other Indebtedness; 
 (17)    Liens on insurance policies and the proceeds thereof incurred in connection with the
financing of insurance premiums; 
 (18)    Liens securing Swap Agreements; 

(19)    the interest and title of a lessor or licensor under any lease, license, sublease or sublicense entered into by
the Company or any Restricted Subsidiary in the ordinary course of business and other statutory and common law landlords’ Liens under leases; 

(20)    in connection with the sale of transfer of any assets in a transaction not prohibited hereunder, customary rights
and restrictions contained in agreements relating to such sale or transfer pending the completion thereof; 

(21)    Liens on the Capital Stock of any Unrestricted Subsidiary; 

(22)    Liens securing reimbursement obligations with respect to commercial letters of credit which encumber documents and
other property relating to such letters of credit and products and proceeds thereof; 
 (23)    Liens arising from
Uniform Commercial Code financing statement filings regarding a lease that was accounted for by such Person as an operating lease as of the Issue Date entered into by the Company and its Subsidiaries in the ordinary course of business; 

(24)    Easements, rights of way, minor encroachments, protrusions, municipal and zoning and building ordinances and
similar charges, encumbrances, title defects or 

  
 15 

 
other irregularities, governmental restrictions on the use of property or conduct of business, and Liens in favor of Governmental Authorities and public utilities, that do not materially
interfere with the ordinary course of business of the Company and its Subsidiaries, taken as a whole; 
 (25)    Liens
on earnest money deposits of cash and cash equivalents made in connection with any acquisition; 
 (26)    any
extension, renewal, substitution or replacement (or successive extensions, renewals, substitutions or replacements), in whole or in part, of any Lien referred to in this or the preceding bullet points, or any Liens that secure an extension, renewal,
replacement, refinancing or refunding (including any successive extensions, renewals, replacements, refinancings or refundings) of any Indebtedness within 12 months of the maturity, retirement or other repayment or prepayment of the Indebtedness
(including any such repayment pursuant to amortization obligations with respect to such Indebtedness) being extended, renewed, substituted, replaced, refinanced or refunded, which Indebtedness is or was secured by a Lien referred to in this or the
preceding bullet points; 
 (27)    Liens on any real property, buildings or fixtures located at the company’s
Mission Bay Campus that are subject to a sale and leasing back transaction permitted by Section 4.09; 

(28)    Liens in the nature of the right of setoff in favor of counterparties to contractual agreements not otherwise
prohibited hereunder with the Company or any of its Restricted Subsidiaries in the ordinary course of business; or 

(29)    Liens securing Indebtedness in an aggregate principal amount not to exceed $300.0 million at any time
outstanding. 
 “Person” means any individual, corporation, partnership, joint venture, association, joint stock company,
trust, unincorporated organization, limited liability company or government or other entity. 
 “Place of Payment”, when
used with respect to the Notes, means the place or places where the principal of (and premium, if any) and interest on the Notes are payable as specified as contemplated by Section 4.02. 

“Principal Property” means, with respect to any Person, all of such Person’s interests in any kind of property or asset
(including the Capital Stock in and other securities of any other Person), except if the Board of Directors by resolution determines in good faith (taking into account, among other things, the materiality of such property to the business, financial
condition and earnings of the Company and its Subsidiaries taken as a whole) such property or asset is not material to the business of the Company and its Subsidiaries, taken as a whole; provided that in no event shall assets of an
Unrestricted Subsidiary constitute Principal Property. 

  
 16 

 “Purchase Money Indebtedness” means Indebtedness incurred to finance the
acquisition, construction or improvement of any fixed or capital asset to the extent incurred prior to or within 270 days following such acquisition, construction or improvement. 

“Qualified Stock” means, with respect to any Person, any Capital Stock of such Person other than Disqualified Stock. 

“Rating Agencies” means (1) S&P and Moody’s or (2) if S&P or Moody’s or both of them are not
making ratings publicly available, a nationally recognized statistical rating organization within the meaning of Section 3(62) under the Exchange Act, as the case may be, selected by the Company in its discretion, which will be substituted for
S&P or Moody’s or both, as the case may be. 
 “Ratings Decline Period” means, with respect to any Change of
Control, the period that (1) begins on the earlier of (a) the date of the first public announcement of the occurrence of such Change of Control or of the intention by the Company or a stockholder of the Company, as applicable, to effect
such Change of Control or (b) the occurrence of such Change of Control and (2) ends on the 60th calendar day following consummation of such Change of Control; provided, however, that such period shall be extended for so long
as the rating of the Notes, as noted by the applicable rating agency, is under publicly announced consideration for downgrade by the applicable rating agency. 

“Redemption Date,” when used with respect to any Note to be redeemed pursuant to Article 3 of this Indenture, means the date
fixed for such redemption pursuant to the terms of such Article 3. 
 “Redemption Price,” when used with respect to any
Note to be redeemed, means the price at which it is to be redeemed pursuant to this Indenture. 
 “Regular Record Date” for
the interest payable on any Interest Payment Date means the March 1 or September 1 (whether or not a Business Day) immediately preceding such Interest Payment Date. 

“Regulation S” means Regulation S promulgated under the Securities Act. 

“Regulation S Certificate” means a certificate substantially in the form of Exhibit D hereto. 

“Responsible Officer” means, when used with respect to the Trustee, any officer of the Trustee within the Corporate Trust
Division - Corporate Finance Unit (or any successor unit) of the trustee located at the Corporate Trust Office who has direct responsibility for the administration of this Indenture and, for the purposes of Section 7.01(c)(2) and the second
sentence of Section 7.05 shall also mean any other officer of the Trustee to whom any corporate trust matter is referred because of such officer’s knowledge of and familiarity with the particular subject. 

“Restricted Legend” means the legend in the form attached as Exhibit B hereto. 

  
 17 

 “Restricted Period” means the relevant
40-day distribution compliance period as defined in Regulation S. 
 “Restricted
Subsidiary” means any Subsidiary that is not an Unrestricted Subsidiary. 
 “Rule 144” means Rule 144 promulgated
under the Securities Act. 
 “Rule 144A” means Rule 144A promulgated under the Securities Act. 

“Rule 144A Certificate” means (i) a certificate substantially in the form of Exhibit E hereto or (ii) a written
certification addressed to the Company and the Trustee to the effect that the Person making such certification (x) is acquiring the Note (or beneficial interest therein) for its own account or one or more accounts with respect to which it
exercises sole investment discretion and that it and each such account is a qualified institutional buyer within the meaning of Rule 144A, (y) is aware that the transfer to it or exchange, as applicable, is being made in reliance upon the
exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A, and (z) acknowledges that it has received such information regarding the Company as it has requested pursuant to Rule 144A(d)(4) or has determined not
to request such information. 
 “Rule 904” means Rule 904 promulgated under the Securities Act. 

“S&P” means Standard & Poor’s Ratings Services, a division of McGraw Hill Financial, Inc., and any
successor to its rating agency business. 
 “Screened Affiliate” means any Affiliate of a Holder (i) that makes
investment decisions independently from such Holder and any other Affiliate of such Holder that is not a Screened Affiliate, (ii) that has in place customary information screens between it and such Holder and any other Affiliate of such Holder
that is not a Screened Affiliate and such screens prohibit the sharing of information with respect to the Company or its Subsidiaries, (iii) whose investment policies are not directed by such Holder or any other Affiliate of such Holder that is
acting in concert with such Holder in connection with its investment in the Notes, and (iv) whose investment decisions are not influenced by the investment decisions of such Holder or any other Affiliate of such Holder that is acting in concert
with such Holders in connection with its investment in the Notes. 
 “Securities Act” means the Securities Act of 1933, as
amended, and the rules and regulations of the Commission promulgated thereunder. 
 “Short Derivative Instrument” means a
Derivative Instrument (i) the value of which generally decreases, and/or the payment or delivery obligations under which generally increase, with positive changes to the Performance References and/or (ii) the value of which generally
increases, and/or the payment or delivery obligations under which generally decrease, with negative changes to the Performance References. 

“Significant Subsidiary” means any Restricted Subsidiary that would be a “significant subsidiary” as defined under
clauses (1) or (2) of Rule 1-02(w) of Regulation 

  
 18 

 
S-X, promulgated pursuant to the Securities Act, as such Regulation is in effect on the Issue Date (except, with respect to each test contained therein,
substituting 20 percent instead of 10 percent as the applicable threshold). 
 “Stated Maturity” means, when used
with respect to any Indebtedness or any installment of interest thereon, the dates specified in such Indebtedness as the fixed date on which the principal of such Indebtedness or such installment of interest, as the case may be, is due and payable.

 “Subsidiary” means, with respect to any specified Person: 

(1)    any corporation, association or other business entity, of which more than 50% of the total voting power of shares
of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other
Subsidiaries of that Person (or a combination thereof); and 
 (2)    any partnership, joint venture, limited liability
company or similar entity of which (x) more than 50% of the capital accounts, distribution rights, total equity and voting interests or general or limited partnership interests, as applicable, are owned or controlled, directly or indirectly, by
such Person or one or more of the other Subsidiaries of that Person or a combination thereof whether in the form of membership, general, special or limited partnership or otherwise and (y) such Person or any Wholly Owned Subsidiary of such
Person is a controlling general partner or otherwise controls such entity. 
 “Supplemental Indenture” means a supplemental
indenture substantially in the form attached as Exhibit H hereto. 
 “Swap Agreement” means any agreement with respect to
any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices
or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by
current or former directors, officers, employees or consultants of the Company or the Subsidiaries shall be a Swap Agreement. 

“Treasury Rate” means, as of the applicable Redemption Date, the yield to maturity at the time of computation of United
States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) which has become publicly available at least two Business Days prior to the date fixed for prepayment
(or, if such statistical release is no longer published, any publicly available source for similar market data)) most nearly equal to the period from the Redemption Date to September 15, 2022; provided, however, that if the period
from the Redemption Date to September 15, 2022 is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury 

  
 19 

 
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 September 15, 2022 is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant
maturity of one year shall be used. 
 “Trust Indenture Act” means the Trust Indenture Act of 1939, as amended. 

“Trustee” means U.S. Bank National Association, until a successor replaces it in accordance with the applicable provisions of
this Indenture and thereafter means the successor serving hereunder. 
 “Unrestricted Subsidiaries” means, collectively,
(a) Aleka Insurance, Inc., (b) Neben, LLC and its Subsidiaries, (c) entities for which the primary purpose is to operate, commercialize or develop autonomous or self-driving vehicles, or technology related thereto (including Apparate
International C.V., Apparate Canada, Inc., UATC, LLC and their respective Subsidiaries), (d) entities for which the primary purpose is to operate, commercialize or develop class 6 or above trucking or freight brokerage services, or technology
related thereto (including Uber Freight, LLC and its Subsidiaries), (e) entities for which the primary purpose is to operate, commercialize or develop food delivery, and logistics services (including UberEATS and UberHealth), or technology related
thereto (including Anderes, LLC and its Subsidiaries), (f) entities for which the primary purpose is to operate, commercial or develop personal mobility devices (including bikes, scooters and hoverboards), or technology related thereto (including
SMB Holding Corporation, Social Bicycles, LLC and Social Scooters, LLC and their respective Subsidiaries), (g) Lion City Holdings Pte. Ltd. and its Subsidiaries (including Lion City Rentals Pte. Ltd.), (h) captive financing entities and their
respective Subsidiaries, (i) any entities for which the primary purpose is to own or develop real estate, (j) any entities for which the primary purpose is to operate, commercialize or develop aerial vehicles, or technology related
thereto, (k) any entities for which the primary purpose is to operate, commercialize or develop a service that provides flexible earnings opportunities for workers by matching workers with staffing organizations that will employ the worker and
with third-party customers that require temporary labor, or technology related thereto, (l) any entities for which the primary purpose is to operate, commercialize or develop public transit services and (m) each Subsidiary substantially
all of the assets of which consist of Equity Interests in one or more Subsidiaries described in clauses (a) – (l) of this definition; provided that in each such case that no Person shall be an Unrestricted Subsidiary unless it is also at
such time designated as an “unrestricted subsidiary” under the Credit Agreement; and provided further that, so long as no Default or Event of Default has occurred and is continuing or shall result therefrom, the Company shall be
permitted to designate any such Unrestricted Subsidiary as a Restricted Subsidiary by written notice to the Trustee specifying that such Unrestricted Subsidiary shall be deemed a Restricted Subsidiary effective as of the date of such written notice.
The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the incurrence at the time of designation of any Indebtedness or Liens of such Subsidiary existing at such time. 

  
 20 

 “U.S. Global Note” means a Global Note that bears the Restricted Legend
representing Notes issued and sold pursuant to Rule 144A. 
 “U.S. Government Securities” means securities that are 

(i)    direct obligations of the United States of America for the timely payment of which its full faith and credit is
pledged; or 
 (ii)    obligations of a Person controlled or supervised by and acting as an agency or instrumentality of
the United States of America, the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, 

which, in either case, are not callable or redeemable at the option of the issuers thereof, and shall also include a depository receipt issued by a bank (as
defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such U.S. Government Securities or a specific payment of principal of or interest on any such U.S. Government Securities held by such custodian for the account
of the holder of such depository receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the
custodian in respect of the U.S. Government Securities or the specific payment of principal of or interest on the U.S. Government Securities evidenced by such depository receipt. 

“U.S. Person” means a U.S. Person as defined in Rule 902(k) promulgated under the Securities Act. 

“Voting Stock” of any Person as of any date means the Capital Stock of such Person that is at the time ordinarily entitled to
vote in the election of the Board of Directors of such Person. 
 “Wholly Owned Subsidiary” of any Person means a
Subsidiary of such Person, 100% of the outstanding Capital Stock or other ownership interests of which (other than directors’ qualifying shares and shares issued to foreign nationals under applicable law) shall at the time be owned by such
Person or by one or more Wholly Owned Subsidiaries of such Person or by such Person and one or more Wholly Owned Subsidiaries of such Person. 

Section 1.02.    Other Definitions. 
  

			
	 Term
	  	Defined in Section
	“act”	  	11.02
	“Agent Members”	  	2.09(b)
	“Change of Control Offer”	  	4.10(a)
	“Change of Control Payment”	  	4.10(a)
	“Change of Control Payment Date”	  	4.10(a)
	“Covenant Defeasance”	  	9.01(b)
	“Default Direction”	  	6.01(a)

  
 21 

			
	 Term
	  	Defined in Section
	“Directing Holder”	  	6.01(a)
	“Event of Default”	  	6.01
	“Legal Defeasance”	  	9.01(b)
	“Note Register”	  	2.09(a)
	“Noteholder Direction”	  	6.01(a)
	“Paying Agent”	  	2.03(a)
	“Position Representation”	  	6.01(a)
	“Registrar”	  	2.03(a)
	“Reversion Date”	  	4.15(b)
	“Subsidiary Debt”	  	4.08(a)
	“Suspension Date”	  	4.15(a)
	“Suspension Period”	  	4.15(b)
	“Suspended Provisions”	  	4.15(a)
	“Verification Covenant”	  	6.01(a)

 Section 1.03.    Rules of Construction. Unless the context otherwise requires:

 (1)    a term has the meaning assigned to it herein, whether defined expressly or by reference; 

(2)    unless otherwise specified herein, all accounting terms used herein shall be interpreted, all
accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP; 

(3)    “or” is not exclusive; 

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

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

(6)    words used herein implying any gender shall apply to both genders; 

(7)    “herein,” “hereof,” “hereunder” and other words of similar import
refer to this Indenture as a whole and not to any particular Article, Section or other subsection; 

(8)    “$,” “U.S. Dollars” and “United States Dollars” each refer to United
States dollars, or such other money of the United States that at the time of payment is legal tender for payment of public and private debts; 

(9)    references to sections of or rules under the Securities Act, the Exchange Act or the Trust Indenture
Act will be deemed to include substitute, replacement of successor sections or rules adopted by the Commission from time to time; 

  
 22 

 (10)    unless otherwise provided, references to
agreements and other instruments shall be deemed to include all amendments and other modifications to such agreements or instruments, but only to the extent such amendments and other modifications are not prohibited by the terms of this Indenture;

 (11)    in the event that a transaction meets the criteria of more than one category of permitted
transactions or listed exceptions, the Company may classify such transaction as it, in its sole discretion, determines; and 

(12)    references to Sections, Articles or Exhibits are references to Sections, Articles or Exhibits of or
to this Indenture unless context otherwise requires. 
 Section 1.04.    Accounting Terms; GAAP.
Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made without giving effect to (a) any
change to GAAP occurring after November 7, 2018 (the “Existing Notes Issue Date”) as a result of the adoption of any proposals set forth in the Proposed Accounting Standards Update, Leases (Topic 840), issued by the Financial
Accounting Standards Board on August 17, 2010, or any other proposals issued by the Financial Accounting Standards Board in connection therewith, in each case if such change would require treating any lease (or similar arrangement conveying the
right to use) as a capital lease where such lease (or similar arrangement) was not required to be so treated under GAAP as in effect on Issue Date, (b) any election under the Statement of Financial Accounting Standards No. 159 (ASC 825)
(or any similar accounting principle) permitting or requiring a Person to value its financial liabilities or Indebtedness at the fair value thereof and (c) any treatment of Indebtedness in respect of convertible debt instruments under
Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or
bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof. 

ARTICLE 2 
 THE
NOTES 
 Section 2.01.    Form, Dating and Denominations; Legends. 

(a)    The Notes and the Trustee’s or Authenticating Agent’s certificate of authentication will be substantially
in the form attached as Exhibit A. The terms and provisions contained in the form of the Note annexed as Exhibit A constitute, and are hereby expressly made, a part of this Indenture. The Notes may have notations, legends or endorsements required by
law, rules of or agreements with national securities exchanges to which the Company is subject, or usage. Each Note will be dated the date of its authentication. The Notes will be issuable in minimum denominations of $2,000 in principal amount and
integral multiples of $1,000 in excess thereof. 

  
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 (b)    (1) Except as otherwise provided in Section 2.01(c),
Section 2.09(b)(4) or Section 2.10(b)(3) or (c), each Initial Note will bear the Restricted Legend. 

(2)    Each Global Note, whether or not an Initial Note, will bear the DTC Legend. 

(c)    (1) If the Company determines (upon the advice of counsel and such other certifications and evidence as the Company
may reasonably require) that a Note is eligible for resale pursuant to Rule 144 (or a successor provision) without the need for current public information and that the Restricted Legend is no longer necessary or appropriate in order to ensure that
subsequent transfers of such Note (or a beneficial interest therein) are effected in compliance with the Securities Act, or (2) after an Initial Note is sold pursuant to an effective registration statement under the Securities Act, then, in the
case of either (1) or (2), the Company may either (x) provide the Trustee with a Company Order instructing the Trustee to cancel such Note and authenticate and deliver to the Holder thereof (or to its transferee) a new Note of like tenor
and amount, registered in the name of the Holder thereof (or its transferee), that does not bear the Restricted Legend, together with an Officer’s Certificate and an Opinion of Counsel, and the Trustee will comply with such Company Order or
(y) in the case of a Global Note, instruct the DTC Custodian in writing to so surrender any Global Note as to which any of the conditions set forth in clause (1) and (2) have been satisfied, and, upon such instruction, the DTC
Custodian shall so surrender such Global Note for exchange; and any new Global Note so exchanged therefor shall not bear the Restricted Legend and shall not be assigned a restricted CUSIP number. Any such exchange with respect to Global Notes shall
comply with the Applicable Procedures. 
 (d)    By its acceptance of any Note bearing the Restricted Legend (or any
beneficial interest in such a Note), each Holder thereof and each owner of a beneficial interest therein acknowledges the restrictions on transfer of such Note (and any such beneficial interest) set forth in this Indenture and in the Restricted
Legend and agrees that it will transfer such Note (and any such beneficial interest) only in accordance with this Indenture and such legend. 

Section 2.02.    Execution and Authentication; Additional Notes. 

(a)    An Officer shall execute the Notes for the Company by facsimile or manual signature in the name and on behalf of the
Company. If an Officer whose signature is on a Note no longer holds that office at the time the Note is authenticated, the Note will still be valid. 

(b)    A Note will not be valid until the Trustee or Authenticating Agent manually signs the certificate of authentication
on the Note, with the signature conclusive evidence that the Note has been authenticated under this Indenture. 

(c)    At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Notes
executed by the Company to the Trustee or Authenticating Agent for authentication. The Trustee will authenticate and deliver: 

(i)    Initial Notes for original issue in the aggregate principal amount not to exceed $1,200,000,000; and

  
 24 

 (ii)    Additional Notes from time to time for original
issue in aggregate principal amounts specified by the Company (provided that if such Additional Notes are not fungible with the Initial Notes for U.S. federal income tax or securities law purposes, then such Additional Notes will have one or
more separate CUSIP numbers); 
 after receipt by the Trustee or Authenticating Agent of a Company Order specifying: 

(A)    the amount of Notes to be authenticated and the date on which the Notes are to be authenticated,

 (B)    whether the Notes are to be Initial Notes or Additional Notes, 

(C)    whether the Notes are to be issued as one or more Global Notes or Certificated Notes, and 

(D)    other information the Company may determine to include or the Trustee or Authenticating Agent may
reasonably request. 
 (d)    Initial Notes and any Additional Notes will be treated as a single class for all purposes
under this Indenture and will vote together as one class on all matters with respect to the Notes. 

Section 2.03.    Registrar, Paying Agent and Authenticating Agent; Paying Agent to Hold Money in Trust. (a)
The Company may appoint one or more “Registrars” and one or more “Paying Agents”, and the Trustee may appoint an “Authenticating Agent”, in which case each reference in this Indenture to the Trustee
in respect of the obligations of the Trustee to be performed by that Agent will be deemed to be references to the Agent. The Company may act as Registrar or (except for purposes of Article 9) Paying Agent. In each case the Company and the Trustee
will enter into an appropriate agreement with the Agent implementing the provisions of this Indenture relating to the obligations of the Trustee to be performed by the Agent and the related rights. The Company initially appoints the Trustee as
Registrar and Paying Agent and to act as DTC Custodian with respect to the Global Notes. 
 (b)    The Company will
require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust for the benefit of the Holders or the Trustee all money held by the Paying Agent for the payment of principal of and interest on the Notes
and will promptly notify the Trustee of any default by the Company in making any such payment. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and account for any funds disbursed, and the Trustee may at
any time during the continuance of any payment default, upon written request to a Paying Agent, require the Paying Agent to pay all money held by it to the Trustee and to account for any funds disbursed. Upon doing so, the Paying Agent will have no
further liability for the money so paid over to the Trustee. 

  
 25 

 Section 2.04.    Replacement Notes. If a mutilated Note is
surrendered to the Trustee or if a Holder claims that its Note has been lost, destroyed or wrongfully taken, the Company will issue and the Trustee will authenticate a replacement Note of like tenor and principal amount and bearing a number not
contemporaneously outstanding. Every replacement Note is an additional obligation of the Company and entitled to the benefits of this Indenture. If required by the Trustee or the Company, an indemnity must be furnished that is sufficient in the
judgment of both the Trustee and the Company to protect the Company and the Trustee from any loss they may suffer if a Note is replaced. The Company may charge the Holder for the expenses of the Company and the Trustee in replacing a Note. In case
the mutilated, lost, destroyed or wrongfully taken Note has become or is about to become due and payable, the Company in its discretion may pay the Note instead of issuing a replacement Note. 

Section 2.05.    Outstanding Notes. (a) Notes outstanding at any time are all Notes that have been
authenticated by the Trustee except for: 
 (1)    Notes cancelled by the Trustee or delivered to it for
cancellation; 
 (2)    any Note which has been replaced pursuant to Section 2.04 unless and until
the Trustee and the Company receive proof satisfactory to them that the replaced Note is held by a bona fide purchaser; and 

(3)    on or after the maturity date or any Redemption Date in accordance with Article 3 or date for
purchase of the Notes pursuant to an offer to purchase Notes pursuant to Section 4.10, those Notes payable or to be redeemed or purchased on that date for which the Trustee (or Paying Agent, other than the Company or an Affiliate of the
Company) holds money sufficient to pay all amounts then due. 
 (b)    A Note does not cease to be outstanding because
the Company or one of its Affiliates holds the Note; provided that in determining whether the Holders of the requisite principal amount of the outstanding Notes have given or taken any request, demand, authorization, direction, notice,
consent, waiver or other action hereunder, Notes owned by the Company or any Affiliate of the Company will be disregarded and deemed not to be outstanding, (it being understood that in determining whether the Trustee is protected in relying upon any
such request, demand, authorization, direction, notice, consent, waiver or other action, only Notes which the Trustee knows to be so owned will be so disregarded). Notes so owned which have been pledged in good faith may be regarded as outstanding
if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Notes and that the pledgee is not the Company or any Affiliate of the Company. 

Section 2.06.    Temporary Notes. Until definitive Notes are ready for delivery, the Company may prepare and
the Trustee will authenticate temporary Notes. 

  
 26 

 
Temporary Notes will be substantially in the form of definitive Notes but may have insertions, substitutions, omissions and other variations determined to be appropriate by the Officer executing
the temporary Notes, as evidenced by the execution of the temporary Notes. If temporary Notes are issued, the Company will cause definitive Notes to be prepared without unreasonable delay. After the preparation of definitive Notes, the temporary
Notes will be exchangeable for definitive Notes upon surrender of the temporary Notes at the office or agency of the Company designated for the purpose pursuant to Section 4.02, without charge to the Holder. Upon surrender for cancellation of
any temporary Notes the Company will execute and the Trustee will authenticate and deliver in exchange therefor a like principal amount of definitive Notes of authorized denominations. Until so exchanged, the temporary Notes will be entitled to the
same benefits under this Indenture as definitive Notes. 
 Section 2.07.    Cancellation. The Company at any
time may deliver to the Trustee for cancellation any Notes previously authenticated and delivered hereunder which the Company may have acquired in any manner whatsoever, and may deliver to the Trustee for cancellation any Notes previously
authenticated hereunder which the Company has not issued and sold. Any Registrar or the Paying Agent will forward to the Trustee any Notes surrendered to it for transfer, exchange or payment. The Trustee will cancel all Notes surrendered for
transfer, exchange, payment or cancellation and dispose of them in accordance with its normal procedures. The Company may not issue new Notes to replace Notes it has paid in full or delivered to the Trustee for cancellation. 

Section 2.08.    CUSIP, ISIN, CINS or Other Similar Numbers. The Company in issuing the Notes may use
“CUSIP”, “ISIN”, “CINS” or other similar numbers, and the Trustee will use CUSIP, ISIN, CINS or other similar numbers in notices of redemption or exchange or in offers to purchase as a convenience to Holders, the notice
to state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice of redemption or exchange or offer to purchase. The Company will promptly notify the Trustee of any change in
the CUSIP, ISIN, CINS or other similar numbers. 
 Section 2.09.    Registration, Transfer and Exchange.
(a) The Notes will be issued in registered form only, without coupons, and the Company shall cause the Trustee to maintain a register (the “Note Register”) of the Notes, for registering the record ownership of the
Notes by the Holders and transfers and exchanges of the Notes. 
 (b)    (1) Each Global Note will be registered in the
name of the Depositary or its nominee and, so long as DTC is serving as the Depositary thereof, will bear the DTC Legend. The Company has entered into a letter of representations with DTC in the form provided by DTC and the Trustee and each Agent
are hereby authorized to act in accordance with such letter and Applicable Procedures. Neither the Trustee nor any Agent shall have responsibility for any actions taken or not taken by DTC or any Depositary. 

(2)    Each Global Note will be delivered to the Trustee as custodian for the Depositary. Transfers of a
Global Note (but not a beneficial interest therein) 

  
 27 

 
will be limited to transfers thereof in whole, but not in part, to the Depositary, its successors or their respective nominees, (1) except as set forth in Section 2.09(b)(4) and
(2) except that transfers of portions thereof in the form of Certificated Notes may be made upon request of an Agent Member (for itself or on behalf of a beneficial owner) by written notice given to the Trustee by or on behalf of the Depositary
in accordance with customary procedures of the Depositary and in compliance with this Section 2.09 and Section 2.11. 

(3)    Members of, or direct or indirect participants in, the Depositary (“Agent Members”)
will have no rights under this Indenture with respect to any Global Note held on their behalf by the Depositary, or the Trustee as its custodian, and the Depositary may be treated by the Company, the Trustee and any agent of the Company or the
Trustee as the absolute owner and Holder of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, the Depositary or its nominee may grant proxies and otherwise authorize any Person (including any Agent Member and any Person
that holds a beneficial interest in a Global Note through an Agent Member) to take any action which a Holder is entitled to take under this Indenture or the Notes, and nothing herein will impair, as between the Depositary and its Agent Members, the
operation of customary practices governing the exercise of the rights of a Holder of any Note. 

(4)    If (x) the Depositary notifies the Company that it is unwilling or unable to continue as
Depositary for a Global Note and a successor depositary is not appointed by the Company within 120 days of the notice or (y) an Event of Default has occurred and is continuing and the Trustee has received a request from the Depositary, the
Trustee will promptly exchange each beneficial interest in the Global Note for one or more Certificated Notes in authorized denominations having an equal aggregate principal amount registered in the name of the owner of such beneficial interest, as
identified to the Trustee by the Depositary, and thereupon the Global Note will be deemed canceled. If such Note does not bear the Restricted Legend, then the Certificated Notes issued in exchange therefor will not bear the Restricted Legend. If
such Note bears the Restricted Legend, then the Certificated Notes issued in exchange therefor will bear the Restricted Legend; provided that any Holder of any such Certificated Note issued in exchange for a beneficial interest in an Offshore
Global Note prior to the expiration of the Restricted Period will have the right upon presentation to the Trustee of a duly completed Certificate of Beneficial Ownership after the Restricted Period to exchange such Certificated Note for a
Certificated Note of like tenor and amount that does not bear the Restricted Legend, registered in the name of such Holder. 

(c)    Each Certificated Note will be registered in the name of the Holder thereof or its nominee. 

(d)    A Holder may transfer a Note (or a beneficial interest therein) to another Person or exchange a Note (or a
beneficial interest therein) for another Note or Notes of any authorized denomination by presenting to the Trustee a written request therefor 

  
 28 

 
stating the name of the proposed transferee or requesting such an exchange, accompanied by any certification, opinion or other document required by Section 2.10. The Trustee will promptly
register any transfer or exchange that meets the requirements of this Section by noting the same in the register maintained by the Trustee for the purpose; provided that: 

(x)    no transfer or exchange will be effective until it is registered in such register; and 

(y)    the Trustee will not be required (i) to issue, register the transfer of or exchange any Note
for a period of 15 days before a selection of Notes to be redeemed or purchased pursuant to an offer to purchase, (ii) to register the transfer of or exchange any Note so selected for redemption or purchase in whole or in part, except, in the
case of a partial redemption or purchase, that portion of any Note not being redeemed or purchased, or (iii) if a redemption or a purchase pursuant to an offer to purchase is to occur after a Regular Record Date but on or before the
corresponding Interest Payment Date, to register the transfer of or exchange any Note on or after the Regular Record Date and before the Redemption Date or date of purchase. Prior to the registration of any transfer, the Company, the Trustee and
their agents will treat the Person in whose name the Note is registered as the owner and Holder thereof for all purposes (whether or not the Note is overdue), and will not be affected by notice to the contrary. 

From time to time the Company will execute and the Trustee or Authenticating Agent will authenticate Additional Notes as necessary in order to
permit the registration of a transfer or exchange in accordance with this Section. 
 No service charge will be imposed in connection with
any transfer or exchange of any Note, but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than a transfer tax or other similar governmental charge
payable upon exchange pursuant to Section 2.09(b)(4)). 
 (e)    (1) Global Note to Global Note. If a
beneficial interest in a Global Note is transferred or exchanged for a beneficial interest in another Global Note, the Trustee will (x) record a decrease in the principal amount of the Global Note being transferred or exchanged equal to the
principal amount of such transfer or exchange and (y) record a like increase in the principal amount of the other Global Note. Any beneficial interest in one Global Note that is transferred to a Person who takes delivery in the form of an
interest in another Global Note, or exchanged for an interest in another Global Note, will, upon transfer or exchange, cease to be an interest in such Global Note and become an interest in the other Global Note and, accordingly, will thereafter be
subject to all transfer and exchange restrictions, if any, and other procedures applicable to beneficial interests in such other Global Note for as long as it remains such an interest. 

  
 29 

 (2)    Global Note to Certificated Note. If a
beneficial interest in a Global Note is transferred or exchanged for a Certificated Note, the Trustee will (x) record a decrease in the principal amount of such Global Note equal to the principal amount of such transfer or exchange and
(y) deliver one or more new Certificated Notes in authorized denominations having an equal aggregate principal amount to the transferee (in the case of a transfer) or the owner of such beneficial interest (in the case of an exchange),
registered in the name of such transferee or owner, as applicable. 
 (3)    Certificated Note to
Global Note. If a Certificated Note is transferred or exchanged for a beneficial interest in a Global Note, the Trustee will (x) cancel such Certificated Note, (y) record an increase in the principal amount of such Global Note equal to
the principal amount of such transfer or exchange and (z) in the event that such transfer or exchange involves less than the entire principal amount of the canceled Certificated Note, deliver to the Holder thereof one or more new Certificated
Notes in authorized denominations having an aggregate principal amount equal to the untransferred or unexchanged portion of the canceled Certificated Note, registered in the name of the Holder thereof. 

(4)    Certificated Note to Certificated Note. If a Certificated Note is transferred or exchanged
for another Certificated Note, the Trustee will (x) cancel the Certificated Note being transferred or exchanged, (y) deliver one or more new Certificated Notes in authorized denominations having an aggregate principal amount equal to the
principal amount of such transfer or exchange to the transferee (in the case of a transfer) or the Holder of the canceled Certificated Note (in the case of an exchange), registered in the name of such transferee or Holder, as applicable, and
(z) if such transfer or exchange involves less than the entire principal amount of the canceled Certificated Note, deliver to the Holder thereof one or more Certificated Notes in authorized denominations having an aggregate principal amount
equal to the untransferred or unexchanged portion of the canceled Certificated Note, registered in the name of the Holder thereof. 

Section 2.10.    Restrictions on Transfer and Exchange. (a) The transfer or exchange of any Note (or a
beneficial interest therein) may only be made in accordance with this Section and Section 2.09 and, in the case of a Global Note (or a beneficial interest therein), the applicable rules and procedures of the Depositary. The Trustee shall refuse
to register any requested transfer or exchange that does not comply with the preceding sentence. 
 (b)    Subject to
Section 2.10(c), the transfer or exchange of any Note (or a beneficial interest therein) of the type set forth in column A below for a Note (or a beneficial interest therein) of the type set forth opposite in column B below may only be made in
compliance with the certification requirements (if any) described in the clause of this paragraph set forth opposite in column C below.  

  
 30 

					
	A	  	B	  	C
	 U.S. Global Note
	  	U.S. Global Note	  	(1)
	 U.S. Global Note
	  	Offshore Global Note	  	(2)
	 U.S. Global Note
	  	Certificated Note	  	(3)
	 Offshore Global Note
	  	U.S. Global Note	  	(4)
	 Offshore Global Note
	  	Offshore Global Note	  	(1)
	 Offshore Global Note
	  	Certificated Note	  	(3)
	 Certificated Note
	  	U.S. Global Note	  	(4)
	 Certificated Note
	  	Offshore Global Note	  	(2)
	 Certificated Note
	  	Certificated Note	  	(3)

 (1)    No certification is required. 

(2)    The Person requesting the transfer or exchange must deliver or cause to be delivered to the Trustee
a duly completed Regulation S Certificate; provided that if the requested transfer or exchange is made by the Holder of a Certificated Note that does not bear the Restricted Legend, then no certification is required. 

(3)    The Person requesting the transfer or exchange must deliver or cause to be delivered to the Trustee
(x) a duly completed Rule 144A Certificate, (y) a duly completed Regulation S Certificate or (z) a duly completed Institutional Accredited Investor Certificate, and/or an Opinion of Counsel and such other certifications and evidence
as the Company may reasonably require in order to determine that the proposed transfer or exchange is being made in compliance with the Securities Act and any applicable securities laws of any state of the United States; provided that if the
requested transfer or exchange is made by the Holder of a Certificated Note that does not bear the Restricted Legend, then no certification is required. In the event that (i) the requested transfer or exchange takes place after the Restricted
Period and a duly completed Regulation S Certificate is delivered to the Trustee or (ii) a Certificated Note that does not bear the Restricted Legend is surrendered for transfer or exchange, upon transfer or exchange the Trustee will deliver a
Certificated Note that does not bear the Restricted Legend. 
 (4)    The Person requesting the transfer
or exchange must deliver or cause to be delivered to the Trustee a duly completed Rule 144A Certificate. 
 (c)    No
certification is required in connection with any transfer or exchange of any Note (or a beneficial interest therein): 

(1)    after such Note is eligible for resale pursuant to Rule 144 under the Securities Act (or a successor
provision) without the need for current public information; provided that the Company has provided the Trustee with an Officer’s Certificate to that effect, and the Company may require from any Person requesting a transfer or exchange in
reliance upon this clause (1) an Opinion of Counsel and any other reasonable certifications and evidence in order to support such certificate; or 

  
 31 

 (2)    sold pursuant to an effective registration
statement. 
 Any Certificated Note delivered in reliance upon this Section 2.10(c) will not bear the Restricted Legend. 

(d)    The Trustee will retain copies of all certificates, opinions and other documents received in connection with the
transfer or exchange of a Note (or a beneficial interest therein), and the Company will have the right to inspect and make copies thereof at any reasonable time upon written notice to the Trustee. 

(e)    Neither the Trustee nor the Registrar shall have any duty to monitor the Company’s compliance with or have any
responsibility with respect to the Company’s compliance with any U.S. Federal or state securities laws in connection with registrations of transfers and exchanges of the Notes. The Trustee shall have no obligation or duty to monitor, determine
or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Notes (including any transfers between or among Depositary participants or
beneficial owners of interests in any Global Note) other than to require delivery of such certificates and other documentation, as is expressly required by, and to do so if and when expressly required by, the terms of this Indenture and to examine
the same to determine substantial compliance as to form with the express requirements hereof. 
 (f)    Each Holder by
acceptance of its Notes agrees to indemnify the Trustee against liability that may result from the transfer, exchange or assignment of such Holder’s interest in the Note in violation of any provision of this Indenture and/or applicable U.S.
Federal and state securities laws. 
 Section 2.11.    Computation of Interest. Interest on the Notes shall
be computed on the basis of a 360-day year composed of twelve 30-day months. 

Section 2.12.    Defaulted Interest. If the Company defaults on a payment of interest when due on the Notes,
it shall pay the defaulted interest, and, to the extent lawful, interest on the defaulted interest at a rate per annum of 7.500%, in accordance with the terms hereof, to the Persons who are Holders on a subsequent special record date fixed by the
Company, which date shall be at least five Business Days prior to the payment date fixed by the Company. At least 10 days before such special record date, the Company shall mail or send to each Holder (with a copy to the Trustee) a notice that
states the special record date, the payment date and the amount of defaulted interest, and interest payable on defaulted interest, if any, to be paid. The Company may make payment of any defaulted interest in any other lawful manner not inconsistent
with the requirements (if applicable) of any securities exchange on which the Notes may be listed and, upon such notice as may be required by such exchange, if, after written notice given by the Company to the Trustee of the proposed payment
pursuant to this sentence, such manner of payment shall be deemed practicable by the Trustee. 

Section 2.13.    Holder Lists. The Trustee shall preserve in as current a form as is reasonably practicable
the most recent list available to it of the names and addresses of 

  
 32 

 
the Holders. If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least five Business Days before each Interest Payment Date, and at such other times as the Trustee
may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the Holders; provided that, as long as the Trustee is the Registrar, no such list need be furnished. 

ARTICLE 3 

REDEMPTION AND PREPAYMENT 

Section 3.01.    Election to Redeem; Notices to Trustee. If the Company elects to redeem Notes pursuant to
this Article 3, at least 20 days prior to the Redemption Date but not more than 60 days before the Redemption Date, the Company shall notify the Trustee in writing of the Redemption Date, the principal amount of such Notes to be redeemed and the
Redemption Price. Notice given to the Trustee pursuant to this Section 3.01 may, at the Company’s discretion, state that any such redemption is subject to the satisfaction of one or more conditions precedent. For the avoidance of doubt,
the provisions described in this Article 3 shall not apply to repurchases of Notes by the Company on the open market or in privately negotiated transactions. 

Section 3.02.    Selection by Trustee of Notes to be Redeemed. If the Company redeems fewer than all of the
Notes at any time, the Trustee will select the Notes to be redeemed by lot, on a pro rata basis or by any other method the Trustee deems to be fair and appropriate (or, in the case of Global Notes, based on the method required by the Depositary or,
if it is not so required, a method that most nearly approximates a pro rata selection as the Trustee deems fair and appropriate), unless otherwise required by law or applicable stock exchange or depositary requirements. 

The Trustee shall promptly notify the Company of the Notes selected for redemption and, in the case of any partial redemption, the principal
amount thereof to be redeemed. 
 The Company will redeem Notes of $2,000 or less in whole and not in part. For all purposes of this
Indenture unless the context otherwise requires, provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption. 

Section 3.03.    Notice of Redemption. The Company will cause notices of redemption to be mailed by
first-class mail (or electronic transmission in the case of Global Notes) at least 20 but not more than 60 calendar days before the Redemption Date to each Holder of Notes (with a copy to the Trustee) to be redeemed at its registered address. The
Company may provide in the notice that payment of the Redemption Price and performance of the Company’s obligations with respect to the redemption or purchase may be performed by another Person. Any notice may, at the Company’s discretion,
state that the redemption is subject to the satisfaction of one or more conditions precedent. 

  
 33 

 The notice shall identify the Notes to be redeemed (including the CUSIP number(s) thereof)
and shall state: 
 (a)    the Redemption Date; 

(b)    the Redemption Price; 

(c)    if fewer than all outstanding Notes are to be redeemed, the portion of the principal amount of such Note to be
redeemed and that, after the Redemption Date and upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion will be issued; 

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

(e)    that Notes called for redemption must be surrendered to the Paying Agent to collect the Redemption Price; 

(f)    that unless the Company defaults in making the redemption payment, or any condition to such redemption is not
satisfied or waived, interest on Notes called for redemption ceases to accrue on and after the Redemption Date; 

(g)    if such redemption is conditioned upon the occurrence of one or more conditions precedent, (i) the nature of
such conditions precedent and (ii) that, in the Company’s discretion, the Redemption Date may be delayed until such time as any or all such conditions shall be satisfied, or such redemption may not occur and such notice may be rescinded in
the event that any or all such conditions shall not have been satisfied by the Redemption Date, or by the Redemption Date so delayed; 

(h)    the aggregate principal amount of Notes that are being redeemed; 

(i)    the paragraph of the Notes and/or Section of this Indenture pursuant to which the Notes called for redemption are
being redeemed; and 
 (j)    that no representation is made as to the correctness or accuracy of the CUSIP number, if
any, listed in such notice or printed on the Notes. 
 At the Company’s written request, the Trustee shall give the notice of
redemption in the Company’s name and at the Company’s sole expense; provided, however, that the Company has delivered to the Trustee, at least five Business Days prior to the date on which such notice is to be given (unless a
shorter notice shall be agreed to in writing by the Trustee), an Officer’s Certificate requesting that the Trustee give such notice together with the notice to be given setting forth the information to be stated in such notice as provided in
the preceding paragraph. 
 If any condition precedent provided for in the notice of redemption has not been satisfied following delivery of
such notice pursuant to this Section 3.03, the Company shall notify the Trustee in writing prior to the close of business two Business Days prior to the Redemption Date (or such shorter period as may be acceptable to the Trustee).

  
 34 

 
Upon receipt of such notice by the Trustee, (i) the notice of redemption shall be rescinded or delayed, and the redemption of the Notes shall be rescinded or delayed as provided in such
notice; and (ii) the Trustee shall deliver such notice to each Holder in the same manner in which the notice of redemption was given. 

Section 3.04.    Effect of Notice of Redemption. Once the notice of redemption described in Section 3.03
is mailed (or delivered) and any conditions precedent to such redemption have been satisfied, Notes called for redemption become irrevocably due and payable on the Redemption Date and at the Redemption Price, including any premium, plus interest
accrued to the Redemption Date. Upon surrender to the Paying Agent, such Notes shall be paid at the Redemption Price, including any premium, plus interest accrued to the Redemption Date; provided that (a) if the Redemption Date is after
a Regular Record Date and on or prior to the Interest Payment Date, the accrued and unpaid interest shall be payable to the Holder of the redeemed Notes registered on the relevant Regular Record Date; and (b) if a Redemption Date is a Legal
Holiday, payment shall be made on the next succeeding Business Day and no interest shall accrue for the period from such Redemption Date to such succeeding Business Day. Such notice, if mailed (or delivered) in the manner provided in
Section 3.03, shall be conclusively presumed to have been given whether or not the Holder receives such notice. 

Section 3.05.    Deposit of Redemption Price. On or prior to 11:00 A.M., New York City time, on each
Redemption Date, the Company shall deposit with the Paying Agent (or the Trustee) in immediately available funds money sufficient to pay the Redemption Price of, including premium, if any, and accrued and unpaid interest on all Notes to be redeemed
on that date other than Notes or portions thereof called for redemption on that date which have been delivered by the Company to the Trustee for cancellation. 

On and after any Redemption Date, if money sufficient to pay the Redemption Price of, including premium, if any, and accrued and unpaid
interest on Notes called for redemption shall have been made available in accordance with the immediately preceding paragraph, the Notes called for redemption will cease to accrue interest and the only right of the Holders of such Notes will be to
receive payment of the Redemption Price of and, subject to Section 3.04(a), accrued and unpaid interest on such Notes to the Redemption Date. If any Note surrendered for redemption shall not be so paid, interest will be paid, from, and
including, the Redemption Date until such redemption payment is made, on the unpaid principal of the Note and any interest not paid on such unpaid principal, in each case at the rate and in the manner provided in the Notes. 

Section 3.06.    Notes Redeemed in Part. If any Note is to be redeemed in part only, the notice of redemption
that relates to that Note will state the portion of the principal amount thereof that is to be redeemed. The Company will issue a new Note (or transfer by book-entry) in a principal amount equal to the unredeemed portion of the original Note in the
name of the Holder upon cancellation of the original Note. Notes called for redemption become due on the Redemption Date for such Notes, subject to the satisfaction of any conditions precedent. On and after such Redemption Date, unless the Company
defaults in payment of the Redemption Price on such Redemption Date, or any conditions precedent are not satisfied, interest ceases to accrue on the Notes or portions thereof called for such redemption. 

  
 35 

 Section 3.07.    Optional Redemption. Except as set forth
below in this Section 3.07 and Section 4.10(e), the Notes may not be redeemed at the option of the Company. 

(a)    At any time and from time to time prior to September 15, 2022, the Company may redeem some or all of the Notes
at a Redemption Price equal to 100% of the principal amount of the Notes being redeemed plus the Applicable Premium, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. 

(b)    At any time on or after September 15, 2022, the Company may redeem some or all of the Notes at the Redemption
Prices (expressed in percentage of principal amount) set forth below, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date, if redeemed during the 12 month period commencing on September 15 of the years set forth
below: 
  

					
	 Period Beginning
	  	Price	 
	 2022
	  	 	105.625	% 
	 2023
	  	 	103.750	% 
	 2024
	  	 	101.875	% 
	 2025 and thereafter
	  	 	100.000	% 

 (c)    In addition, at any time prior to September 15, 2022, the Company may redeem
up to 40% of the aggregate principal amount of the outstanding Notes (including Additional Notes, if any) with the net cash proceeds of one or more Equity Offerings at a Redemption Price (expressed as a percentage of principal amount) of 107.500%,
plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date; provided that (i) at least 60% of the aggregate principal amount of Notes originally issued on the date of this Indenture remains outstanding after each
such redemption, and (ii) notice of any such redemption is mailed within 180 days of the closing of each such Equity Offering. 

(d)    Any redemption pursuant to this Section 3.07 shall be made pursuant to the provisions of Sections 3.01 through
3.06. 
 Section 3.08.    No Mandatory Redemption. The Company is not required to make any mandatory
redemption or sinking fund payments with respect to the Notes. 
 ARTICLE 4 

COVENANTS 

Section 4.01.    Payment of Principal, Premium and Interest. 

(a)    The Company agrees to pay the principal of (and premium, if any) and interest on the Notes on the dates and in the
manner provided in the Notes and this Indenture. Not later than 11:00 A.M. (New York City time) on the due date of any principal of or interest on any Notes, or any redemption or purchase price of the Notes,

  
 36 

 
the Company will deposit with the Trustee (or Paying Agent) money in immediately available funds sufficient to pay such amounts; provided that if the Company or any Affiliate of the
Company is acting as Paying Agent, it will, on or before each due date, segregate and hold in a separate trust fund for the benefit of the Holders a sum of money sufficient to pay such amounts until paid to such Holders or otherwise disposed of as
provided in this Indenture. In each case the Company will promptly notify the Trustee of its compliance with this paragraph. 

(b)    An installment of principal or interest will be considered paid on the date due if the Trustee (or Paying Agent,
other than the Company or any Affiliate of the Company) holds on that date money designated for and sufficient to pay the installment. If the Company or any Affiliate of the Company acts as Paying Agent, an installment of principal or interest will
be considered paid on the due date only if paid to the Holders. 
 (c)    The Company agrees to pay interest on overdue
principal, and, to the extent lawful, overdue installments of interest at the rate per annum specified in the Notes and Section 2.13. 

(d)    Payments in respect of the Notes represented by the Global Notes are to be made by wire transfer of immediately
available funds to the accounts specified by the Holders of the Global Notes. With respect to Certificated Notes, the Company will make all payments by wire transfer of immediately available funds to the accounts specified by the Holders thereof or,
if no such account is specified, by mailing a check to each Holder’s registered address. 

Section 4.02.    Maintenance of Office or Agency. The Company will maintain in the United States of America
for Notes an office or agency where Notes may be presented or surrendered for payment, where Notes may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Notes and this
Indenture may be served. The Company will 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, and the Company hereby appoints the Trustee as its agent to receive
all such presentations, surrenders, notices and demands. 
 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; provided, however, that no such designation or rescission shall in any manner relieve the Company of
its obligation to maintain an office or agency in each Place of Payment for Notes for such purposes. The Company will 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 initially designates the Corporate Trust Office as the office or agency in the United States of
America where Notes may be surrendered for 

  
 37 

 
registration of transfer or exchange or for presentation for payment or repurchase and where notices and demands to or upon the Company in respect of the Notes and this Indenture may be served;
provided that the Corporate Trust Office shall not be a place for service of legal process on the Company. 

Section 4.03.    Provision of Financial Information; Reports to Holders. 

(a)    So long as any Notes are outstanding, the Company will file with the Trustee, within 15 days after the Company has
filed the same with the SEC, copies of any annual or quarterly reports (on Form 10-K or Form 10-Q or any respective successor form) that the Company is required to file
with the Commission pursuant to Section 13 or 15(d) of the Exchange Act (excluding any such information, documents or reports, or portions thereof, subject to confidential treatment and any correspondence with the Commission); provided
that in each case any materials or documents delivered to the Trustee by electronic means or filed pursuant to the SEC’s “EDGAR” system (or any successor electronic filing system) shall be deemed to be “filed” with the
Trustee as of the time such documents are filed via the “EDGAR” system for purposes of this Section 4.03(a). Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s
receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is
entitled to rely exclusively on an Officer’s Certificate). 
 (b)    The Company is permitted to satisfy its
obligations under this Section 4.03 with respect to financial reports or information relating to the Company by furnishing financial reports or information relating to any parent of the Company; provided that if and so long as such
parent has independent assets or operations, the same is accompanied by consolidating reports or information (which need not be audited) that explains in reasonable detail the differences between the reports or information relating to such parent
company, on the one hand, and the reports or information relating to the Company and the Restricted Subsidiaries on a stand-alone basis, on the other hand. 

(c)    At any time when the Company or any parent thereof is not subject to Section 13 or 15(d) of the Exchange Act,
the Company will, so long as the Notes are “restricted securities” under Rule 144 under the Securities Act, furnish to the Holders, beneficial owners and prospective investors, upon their request, the information required to be delivered
pursuant to Rule 144A(d)(4) under the Securities Act to facilitate the resale of such Notes pursuant to Rule 144A. 

Section 4.04.    Corporate Existence. The Company will do or cause to be done all things necessary to preserve
and keep in full force and effect its existence and the material rights, licenses and franchises of the Company; provided that the Company is not required to preserve any such right, license or franchise, if the maintenance or preservation
thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries taken as a whole; and provided further that this Section 4.04 shall not prohibit any transaction otherwise permitted by Article 5. 

  
 38 

 Section 4.05.    Money for Notes Payments to Be Held in Trust.
If the Company shall at any time act as its own Paying Agent with respect to the Notes, it will, on or before each due date of the principal of (and premium, if any) or interest on any of the Notes, segregate and hold in trust for the benefit of
the Persons entitled thereto a sum sufficient to pay the principal (and premium, if any) or interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of
its action or failure so to act. 
 Whenever the Company shall have a Paying Agent for the Notes, it will, prior to 11:00 A.M., New York
City time, on each due date of the principal of (and premium, if any) or interest on the Notes, deposit with the Paying Agent a sum sufficient to pay the principal (and premium, if any) or interest so becoming due, such sum to be held in trust for
the benefit of the Persons entitled to such principal, premium or interest, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. 

The Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or
by Company Order direct the Paying Agent to pay, to the Trustee all sums held in trust by the Company or the Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such sums were held by the Company or the Paying
Agent; and, upon such payment by the Paying Agent to the Trustee, the Paying Agent shall be released from all further liability with respect to such money. 

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 (and
premium, if any) or interest on the Notes and remaining unclaimed for the earlier of (i) two years after such principal (and premium, if any) or interest has become due and payable and (ii) such time as the money escheats to the state, may
be repaid to the Company on Company Order, or (if then held by the Company) shall be discharged from such trust; and the Holder of such Note shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all
liability of the Trustee or the Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease. 

Section 4.06.    [Reserved]. 

Section 4.07.    Limitation on Liens. 

(a)    The Company will not, and will not permit any of its Domestic Restricted Subsidiaries, to enter into, create, incur
or assume any Lien on any Principal Property, whether now owned or hereafter acquired, in order to secure any Indebtedness, without effectively providing that the Notes shall be equally and ratably secured until such time as such Indebtedness is no
longer secured by such Lien, except: 
 (i)    Liens existing as of the Existing Notes Issue Date (other
than Liens securing Indebtedness under the Credit Agreement); 

  
 39 

 (ii)    Liens granted after the Issue Date in favor of
the holders of the Notes; and 
 (iii)    Permitted Liens. 

(b)    Notwithstanding the foregoing, the Company or any Domestic Restricted Subsidiary of the Company may, without
equally and ratably securing the Notes, create or incur Liens which would otherwise be subject to the restrictions set forth in the preceding paragraph, if after giving effect thereto, Aggregate Debt does not exceed an amount equal to the greater of
(a) $5,000.0 million, and (b) 2.50 times Consolidated EBITDA of the Company for the Measurement Period immediately preceding the date of the creation or incurrence of the Lien. The Company or any Domestic Restricted Subsidiary of the Company
also may, without equally and ratably securing the Notes, create or incur Liens that extend, renew, substitute or replace (including successive extensions, renewals, substitutions, replacements or refinancings), in whole or in part, any Lien
permitted pursuant to this or the preceding paragraph or that secure any extension, renewal, replacement, refinancing or refunding (including any successive extensions, renewals, substitutes, replacements, refinancings or refundings) of any
Indebtedness incurred within 12 months of the maturity, retirement or other repayment or prepayment of the Indebtedness (including any such repayment pursuant to amortization obligations with respect to such Indebtedness) being extended, renewed,
substituted, replaced, refinanced or refunded, which Indebtedness is or was secured by a Lien permitted pursuant to this or the preceding paragraph. 

(c)    For purposes of this Section 4.07, (i) the creation of a Lien to secure Indebtedness which existed prior to
the creation of such Lien will be deemed to involve Indebtedness in an amount equal to the lesser of (x) the fair value (determined in good faith by the Company) of the asset subjected to such Lien and (y) the principal amount secured by
such Lien, and (ii) in the event that a Lien meets the criteria of more than one of the types of Permitted Liens or Liens permitted by the preceding paragraph, the Company, in its sole discretion, will classify, and may reclassify, such Lien
and only be required to include the amount and type of such Lien as a Permitted Lien or a Lien permitted by the immediately preceding paragraph, and a Lien may be divided and classified and reclassified into more than one of such types of Liens. In
addition, for purposes of calculating compliance with the foregoing covenant, in no event will the amount of any Indebtedness or Liens securing any Indebtedness be required to be included more than once despite the fact more than one Person is or
becomes liable with respect to such Indebtedness and despite the fact such Indebtedness is secured by the assets of more than one Person (for example, and for avoidance of doubt, in the case where there are Liens on assets of one or more of the
Company and its Subsidiaries securing any Indebtedness, the amount of such Indebtedness secured shall only be included once for purposes of such calculations). 

Section 4.08.    Limitation on Subsidiary Debt. 

(a)    The Company shall not permit any of its Domestic Restricted Subsidiaries to create, assume, incur, Guarantee or
otherwise become liable for any Indebtedness (any 

  
 40 

 
such Indebtedness of a Subsidiary of the Company, “Subsidiary Debt”), without Guaranteeing the payment of the principal of, premium, if any, and interest on the Notes on an
unsecured unsubordinated basis until such time as such Indebtedness or Guarantee, as the case may be, is no longer outstanding or in effect. 

(b)    The restriction in Section 4.08(a) shall not apply to, and there shall be excluded from Indebtedness in any
computation under such restriction, Subsidiary Debt constituting: 
 (i)    Indebtedness of a Person
existing at the time such Person is merged into or consolidated with or otherwise acquired by the Company or any Subsidiary of the Company (or arising thereafter pursuant to contractual commitments entered into prior to such merger, consolidation or
other acquisition of such Person or such Person otherwise becoming a Domestic Restricted Subsidiary not created in contemplation thereof) or at the time of a sale, lease or other disposition of the properties and assets of such Person (or a division
thereof) as an entirety or substantially as an entirety to any Subsidiary of the Company (or arising thereafter pursuant to contractual commitments entered into prior to such merger, consolidation or other acquisition of such Person or such Person
otherwise becoming a Domestic Restricted Subsidiary not created in contemplation thereof) and is assumed by such Subsidiary; provided that any such Indebtedness was not incurred in contemplation thereof and is not Guaranteed by any other
Domestic Restricted Subsidiary of the Company (other than any Guarantee existing at the time of such merger, consolidation or sale, lease or other disposition of properties and assets and that was not issued in contemplation thereof); 

(ii)    Indebtedness of a Person existing at the time such Person becomes a Subsidiary of the Company;
provided that any such Indebtedness was not incurred in contemplation thereof; 

(iii)    Indebtedness owed to the Company or any Restricted Subsidiary of the Company; 

(iv)    Indebtedness constituting Capital Lease Obligations, equipment leases and Purchase Money
Indebtedness of the Company or any Domestic Restricted Subsidiary and any refinancing thereof, provided that the aggregate principal amount of Indebtedness pursuant to this clause (iv) secured by real property shall not exceed
$500.0 million outstanding at any time; 
 (v)    Indebtedness or Guarantees in respect of netting
services, business credit card programs, purchase cards, overdraft protection and other treasury, depository and cash management services or incurred in connection with any automated clearing-house transfers of funds or other fund transfer or
payment processing services; 

  
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 (vi)    Indebtedness or Guarantees arising from the
honoring by a bank or other financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business; provided that any such Indebtedness or Guarantee is extinguished within five
Business Days within its incurrence; 
 (vii)    reimbursement obligations incurred in the ordinary
course of business; 
 (viii)    client advances and deposits received in the ordinary course of
business; 
 (ix)    Indebtedness in respect of the sale and leasing back to the Company or any of its
Subsidiaries of any real property, buildings or fixtures located at the Mission Bay Campus; 

(x)    Indebtedness or Guarantees incurred (a) in respect of workers’ compensation claims,
payment obligations in connection with health or other types of social security benefits, unemployment or other insurance obligations, reclamation and statutory obligations, (b) in connection with the financing of insurance premiums or
self-insurance obligations or take-or-pay obligations contained in supply agreements, and (c) in respect of guarantees, warranty or contractual service obligations,
indemnity, bid, performance, warranty, release, appeal, surety and similar bonds, letters of credit and banker’s acceptances for operating purposes or to secure any Indebtedness or other obligations referred to in clauses (i) through (vi)
or this clause (x), payment (other than for payment of Indebtedness) and completion guarantees, in each case provided or incurred (including Guarantees thereof) in the ordinary course of business; or 

(xi)    Indebtedness outstanding on the Existing Notes Issue Date not referred to in clause
(iii) above (other than Indebtedness under the Credit Agreement) and any extension, renewal, replacement, refinancing or refunding of any Indebtedness existing on the Existing Notes Issue Date or referred to in clauses (i) or (ii);
provided that any Indebtedness incurred to so extend, renew, replace, refinance or refund shall be incurred within 12 months of the maturity, retirement or other repayment or prepayment of the Indebtedness referred to in this clause or
clauses (i) and (ii) above and the principal amount of the Indebtedness incurred to so extend, renew, replace, refinance or refund shall not exceed the principal amount of Indebtedness being extended, renewed, replaced, refinanced or refunded
plus any premium or fee (including tender premiums) or other reasonable amounts payable, plus all accrued and unpaid interest on such Indebtedness and the amount of fees, expenses and other costs incurred, in connection with any such extension,
renewal, replacement, refinancing or refunding. 
 (c)    Notwithstanding the foregoing, any Subsidiary of the Company
may, create, incur, issue, assume, Guarantee or otherwise become liable for Indebtedness that would 

  
 42 

 
otherwise be subject to the restrictions set forth in Section 4.08(b), without Guaranteeing the Notes, if after giving effect thereto, Aggregate Debt does not exceed an amount equal to the
greater of (a) $5,000.0 million, and (b) 2.50 times Consolidated EBITDA of the Company for the Measurement Period immediately preceding the date of the creation or incurrence of the Subsidiary Debt. Any Domestic Restricted Subsidiary also may,
without Guaranteeing the payment of the principal of, premium, if any, and interest on the Notes, extend, renew, replace, refinance or refund (including successive extensions, renewals, substitutions, replacements, refinancings or refundings) any
Subsidiary Debt permitted pursuant to this Section 4.08(c) or Section 4.08(b); provided that any Subsidiary Debt incurred to so extend, renew, replace, refinance or refund shall be incurred within 12 months of the maturity,
retirement or other repayment or prepayment of the Subsidiary Debt being extended, renewed, replaced, refinanced or refunded (including successive extensions, renewals, substitutions, replacements, refinancings or refundings) and the principal
amount of the Subsidiary Debt incurred to so extend, renew, replace, refinance or refund shall not exceed the principal amount of Subsidiary Debt being extended, renewed, replaced, refinanced or refunded plus any premium or fee (including tender
premiums) or other reasonable amounts payable, plus all accrued and unpaid interest on such Subsidiary Debt and the amount of fees, expenses and other costs incurred, in connection with any such extension, renewal, replacement, refinancing or
refunding. 
 (d)    For purposes of this Section 4.08, if any Subsidiary Debt meets the criteria of more than one
of the types of Subsidiary Debt described above, the Company, in its sole discretion, will classify, and may reclassify, such Subsidiary Debt and only be required to include the amount and type of such Subsidiary Debt in Section 4.08(b) or
Section 4.08(c), and Subsidiary Debt may be divided and classified and reclassified into more than one of the types of Subsidiary Debt described above. In addition, for purposes of calculating compliance with the foregoing covenant, in no event
will the amount of any Subsidiary Debt be required to be included more than once despite the fact more than one Person is or becomes liable with respect to any related Indebtedness (for example, and for avoidance of doubt, in the case where more
than one Subsidiary incurs Subsidiary Debt or otherwise becomes liable for such Subsidiary Debt, the amount of such Subsidiary Debt shall only be included once for purposes of such calculations). 

Section 4.09.    Limitation on Sale and Lease-Back Transactions. The Company will not, and will not permit any
of its Domestic Restricted Subsidiaries, to enter into any sale and lease-back transaction for the sale and leasing back of any Principal Property, whether now owned or hereafter acquired, unless: 

(a)    such transaction was entered into prior to or within 12 months after the Existing Notes Issue Date; 

(b)    such transaction was for the sale and leasing back to the Company or a Domestic Restricted Subsidiary by the
Company or any Subsidiary of any Principal Property; 

  
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 (c)    such transaction involves a lease of a Principal Property
executed by the time of or within 18 months (or in the case of any transaction supported by the credit of an export credit agency, 24 months) after the latest of (i) the acquisition, the completion of construction or improvement, alteration or
repair of such Principal Property, and (ii) the commencement of commercial operation after the acquisition, completion, improvement, alteration or repair, of such Principal Property; 

(d)    such transaction involves a lease for not more than three years (or which may be terminated by the Company or the
applicable Subsidiary within a period of not more than three years); 
 (e)    the Company or the applicable Subsidiary
would be entitled to incur Indebtedness secured by a mortgage on the property to be leased in an amount equal to Attributable Liens with respect to such sale and lease-back transaction without equally and ratably securing the Notes pursuant to
Section 4.07(a); 
 (f)    such transaction involves the sale and leasing back to the Company or any of its
Subsidiaries of any real property, buildings or fixtures located at the Mission Bay Campus; or 
 (g)    the Company or
the applicable Subsidiary applies an amount equal to the net proceeds from the sale of the Principal Property to the purchase of another Principal Property or to the retirement or other repayment or prepayment of long-term Indebtedness within 365
calendar days before or after the effective date of any such sale and lease-back transaction; provided that, in lieu of applying such amount to such retirement, repayment or prepayment, the Company or any Subsidiary may deliver Notes to the
Trustee for cancellation, such Notes to be credited at the cost thereof to the Company or such Subsidiary. 
 Notwithstanding the foregoing,
the Company and its Domestic Restricted Subsidiaries may enter into any sale and lease-back transaction which would otherwise be subject to the foregoing restrictions if after giving effect thereto and at the time of determination, Aggregate Debt
does not exceed an amount equal to the greater of (a) $5,000.0 million, and (b) 2.50 times Consolidated EBITDA of the Company for the Measurement Period immediately preceding the closing date of the sale and lease-back transaction. 

Section 4.10.    Repurchase of Notes Upon a Change of Control Triggering Event. 

(a)    If a Change of Control Triggering Event occurs, each Holder of Notes will have the right to require the Company to
repurchase all or any part (in a minimum principal amount of $2,000 and integral multiples of $1,000 in excess thereof) of that Holder’s Notes pursuant to an offer to repurchase on the terms set forth in this Indenture (a “Change of
Control Offer”). In the Change of Control Offer, the Company will offer a payment in cash equal to 101% of the aggregate principal amount of Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased, to, but
excluding, the date of repurchase (the “Change of Control Payment”). Within 30 days following any 

  
 44 

 
Change of Control Triggering Event, the Company will give a notice to each Holder of Notes describing the transaction or transactions and ratings downgrade that constitute the Change of Control
Triggering Event and offering to repurchase Notes on the date specified in the notice (the “Change of Control Payment Date”), which date will be no earlier than 30 days and no later than 60 days from the date such notice is given,
pursuant to the procedures required by this Indenture and described in such notice. The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and
regulations thereunder, if any, to the extent those laws and regulations 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 conflict with the provisions of 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 this Section 4.10 by virtue of such
conflict. 
 (b)    At or prior to 11:00 A.M., New York City time, on the Change of Control Payment Date, the Company
will, to the extent lawful, deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes properly tendered. On the Change of Control Payment Date, the Company will, to the extent lawful,
(i) accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer and (ii) deliver or cause to be delivered to the Trustee the Notes properly accepted, together with an Officer’s
Certificate stating the aggregate principal amount of Notes or portions of Notes being repurchased by the Company. 

(c)    The Paying Agent will promptly deliver to each Holder of Notes properly tendered the Change of Control Payment for
such Notes, and the Trustee will promptly 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 that each new
Note will be in a minimum principal amount of $2,000 and integral multiples of $1,000 in excess thereof. The Company will publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of Control Payment
Date. 
 (d)    The Company will not be required to make a Change of Control Offer upon a Change of Control Triggering
Event if (i) a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in Section 4.10 made by the Company and repurchases all Notes properly tendered and not
withdrawn under the Change of Control Offer or (ii) a valid notice of redemption for all of the Notes has been given, or will be given contemporaneously with the Change of Control Triggering Event, pursuant to the terms under Section 3.07
unless and until such notice has been validly revoked or there is a default in the payment of the applicable Redemption Price. Notwithstanding anything to the contrary herein, a Change of Control Offer may be made in advance of a Change of Control
Triggering Event or conditional 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. 

  
 45 

 (e)    In the event that Holders of not less than 90% in aggregate
principal amount of the then outstanding Notes accept a Change of Control Offer and the Company (or any third party making such Change of Control Offer in lieu of the Company as described in Section 4.10(d)) purchases all of the Notes held by
such Holders, the Company will have the right, upon not less than 20 nor more than 60 days’ prior notice, given not more than 30 days following the repurchase pursuant to the Change of Control Offer described in this Section 4.10, to
redeem all of the Notes that remain outstanding following such repurchase at a Redemption 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, to, but excluding, the date of repurchase. 
 Section 4.11.    Additional Guarantees. In
the event any Domestic Subsidiary that is a Wholly Owned Subsidiary of the Company guarantees the obligations of the Company under the Credit Agreement, such Domestic Subsidiary shall promptly provide a Note Guarantee by executing and delivering to
the Trustee a Supplemental Indenture in the form of Exhibit H hereto. 
 Notwithstanding the foregoing, a Note Guarantee of a
Guarantor will be automatically released and discharged in the event that: 
 (a)    there is a sale, disposition or
other transfer (including through merger or consolidation) of all of the Capital Stock (or any sale, disposition or other transfer of Capital Stock (including through merger or consolidation) following which the applicable Guarantor is no longer a
Subsidiary), or all or substantially all the assets, of the applicable Guarantor to a Person that is not a Subsidiary of the Company; 

(b)    upon the merger or consolidation of such Guarantor with or into either the Company or any other Guarantor that is
the surviving Person in such merger or consolidation, or upon the liquidation of such Guarantor following the transfer of all or substantially all of its assets to either the Company or another Guarantor; 

(c)    in the case of any Subsidiary which after the Issue Date is required to provide a Note Guarantee pursuant to
Section 4.08, the release or discharge of the Guarantee by such Subsidiary of all Indebtedness of the Company or any Subsidiary or the repayment of all the Indebtedness, in each case, which resulted in an obligation to provide a Note Guarantee;

 (d)    if the Company exercises its legal defeasance option or its covenant defeasance option under
Section 9.01(b) or if its obligations under this Indenture are discharged in accordance with the terms under Section 9.01(a); or 

(e)    such Guarantor is also a guarantor or borrower under the Credit Agreement and, at the time of release of its Note
Guarantee, (x) has been released from its Guarantee of, and all pledges and security, if any, granted in connection with the Credit Agreement, and (y) is not required to become a Guarantor pursuant to Section 4.08. 

  
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 Section 4.12.    Compliance Certificate. 

(a)    The Company and each Guarantor shall deliver to the Trustee, within 180 calendar days after the end of each fiscal
year, an Officer’s Certificate that need not comply with Section 11.05 as to the signing Officer’s knowledge of the Company’s and/or such Guarantor’s affairs, as applicable, stating that as to 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 condition and covenant contained in this Indenture. Any notice required to be given under this Section 4.12(a) shall
be delivered to the Trustee at its Corporate Trust Office. 
 (b)    So long as any of the Notes are outstanding, the
Company will deliver to the Trustee, forthwith upon any Officer becoming aware of any Default or Event of Default that has occurred and is continuing, an Officer’s Certificate specifying such Default or Event of Default and what action the
Company is taking or proposes to take with respect thereto. 
 Section 4.13.    Stay, Extension and Usury Laws.
The Company and each of the Guarantors covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law
wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Indenture; and the Company and each of the Guarantors (to the extent that it may lawfully do so) hereby expressly waives all benefit or
advantage of any such law, and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such
law has been enacted. 
 Section 4.14.    Limited Conditionality Acquisitions. 

(a)    In the event that the Company has elected to treat any proposed acquisition as a Limited Conditionality Acquisition,
any condition to incurring Liens and Indebtedness in connection with such Limited Conditionality Acquisition (including any condition relating to pro forma compliance with any financial covenants or the delivery of financial statements or no Default
or Event of Default) shall be determined solely as of the date that the definitive documentation relating to such Limited Conditionality Acquisition is entered into by the Company or any Subsidiary; provided that if the Company has made such
an election, in connection with the calculation of any ratio or basket with respect to the incurrence of any Indebtedness or Liens on or following such date and prior to the earlier of the date on which such Limited Conditionality Acquisition is
consummated or the definitive agreement for such Limited Conditionality Acquisition is terminated, any such ratio shall be calculated on a pro forma basis assuming such Limited Conditionality Acquisition and other pro forma events in connection
therewith (including any incurrence of Liens and Indebtedness) have been consummated. 

  
 47 

 (b)    The foregoing provisions shall apply with similar effect during
the pendency of multiple Limited Conditionality Acquisitions such that each of the possible scenarios is separately tested. 

Section 4.15.    Suspension of Guarantees Upon Change in Ratings. If on any date following the Issue Date:

 (a)    (i) the Notes are rated Investment Grade by either of the Rating Agencies and (ii) no Default or Event of
Default shall have occurred and be continuing, then, at the option of the Company, beginning on such date (the “Suspension Date”) and subject to the provisions of the following paragraph, the Note Guarantees will be deemed released
(the “Suspended Provisions”). Any Subsidiary Debt incurred prior to or outstanding as of the Suspension Date shall be deemed to have been incurred in compliance with Section 4.08. 

(b)    In the event that the Notes are no longer rated Investment Grade by both Rating Agencies or an Event of Default
shall have occurred and be continuing, the Suspended Provisions will be reinstituted as of and from the date on which the Notes are no longer rated Investment Grade by both Rating Agencies or an Event of Default has occurred and is continuing (any
such date, a “Reversion Date”). The period of time between the Suspension Date and the Reversion Date is referred to as the “Suspension Period.” Notwithstanding that the Suspended Provisions may be reinstated, no
Default or Event of Default will be deemed to have occurred as a result of a failure to comply with the Suspended Provisions during the Suspension Period. 

(c)    The Company shall provide an Officer’s Certificate to the Trustee indicating the commencement of any
Suspension Period or the Reversion Date. The Trustee will have no obligation to (i) independently determine or verify if such events have occurred, (ii) make any determination regarding the impact of actions taken during the Suspension
Period on the Company and its Subsidiaries’ future compliance with their covenants or (iii) notify the holders of the commencement of the Suspension Period or the Reversion Date. 

ARTICLE 5 

SUCCESSORS 

Section 5.01.    Consolidation, Merger and Sale of Assets of the Company. 

(a)    The Company shall not: (1) consolidate or merge with or into another Person (whether or not the Company is the
surviving entity); or (2) sell, assign, transfer, convey, lease or otherwise dispose of all or substantially all of the properties or assets of the Company and its Subsidiaries, taken as a whole, in one or more related transactions, to another
Person, unless: 
 (i)    either: (a) the Company is the surviving entity in such consolidation or
merger; or (b) the Person formed by or surviving any such consolidation or merger (if other than the Company) or to which such sale, 

  
 48 

 
assignment, transfer, conveyance, lease or other disposition has been made is a corporation or limited liability company organized or existing under the laws of any state of the United States or
the District of Columbia (the Company or such Person, including the Person to which such sale, assignment, transfer, conveyance, lease or other disposition has been made, as the case may be, being herein called the “Successor
Company”); provided that at any time the Successor Company is a limited liability company, there shall be a co-issuer of the Notes that is a corporation that satisfies the requirements of this
Section 5.01; 
 (ii)    the Successor Company (if other than the Company) assumes all the
obligations of the Company under the Notes and this Indenture pursuant to a supplemental indenture; 

(iii)    immediately after such transaction, no Default or Event of Default exists and is continuing; and

 (iv)    in any transaction in which the Company is not the Successor Company, the Company or the
Successor Company delivers an Officer’s Certificate and Opinion of Counsel stating that such transaction complies with this Section 5.01 and, if applicable, all conditions precedent in this Indenture to the execution of the supplemental
indenture have been satisfied. 
 (b)    For purposes of this Section 5.01, the sale, lease, conveyance,
assignment, transfer or other disposition of all or substantially all of the properties and assets of one or more Subsidiaries of the Company, which properties and assets, if held by the Company instead of such Subsidiaries, would constitute all or
substantially all of the properties and assets of the Company and its Subsidiaries, taken as a whole, shall be deemed to be the sale, lease, conveyance, assignment, transfer or other disposition of all or substantially all of the properties and
assets of the Company. 
 (c)    The predecessor company will be released from its obligations under this Indenture and,
upon the execution and delivery of the supplemental indenture referred to above, the Successor Company will succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture, but, in the case of a lease
of all or substantially all its assets, the predecessor will not be so released. 
 (d)    Notwithstanding the
foregoing, clauses (a) and (b) of this Section 5.01 will not apply to (1) any Subsidiary consolidating with, merging into or selling, assigning, transferring, conveying, leasing or otherwise disposing of all or part of its properties
and assets to the Company or to another Subsidiary (provided that, in the event that such Subsidiary is a Guarantor, it may consolidate with, merge into or sell, assign, transfer, convey, lease or otherwise dispose of all or part of its
properties and assets solely to the Company or another Guarantor), (2) the Company merging with an Affiliate solely for the purpose and with the sole effect of reincorporating the Company in another jurisdiction or (3) a transaction pursuant to
which such Subsidiary that is a Guarantor shall be released from its obligations under this Indenture and the Notes in accordance with the provisions described in this Section 5.01. 

  
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 ARTICLE 6 

DEFAULTS AND REMEDIES 

Section 6.01.    Events of Default. 

(a)    Each of the following events shall be an “Event of Default”: 

(i)    the Company defaults in payment when due and payable, upon redemption, acceleration or otherwise, of
principal of, or premium, if any, on the Notes; 
 (ii)    the Company defaults in the payment when due
of interest, on or with respect to the Notes and such default continues for a period of 30 days; 

(iii)    the Company defaults in the performance of, or breaches any covenant or other agreement contained
in, this Indenture (other than a default in the performance or breach of a covenant or agreement which is specifically dealt with in clauses (i) or (ii) above) and such default or breach continues for a period of 90 days after either the
Trustee or Holders of at least 30% in aggregate principal amount of the outstanding Notes have given the Company (with a copy to the Trustee if given by the Holders) written notice of the breach in the manner required by this Indenture; 

(iv)    (A) the Company fails to make any payment at maturity, after giving effect to any applicable grace
period, on any Indebtedness in a principal amount in excess of $250 million and continuance of this failure to pay or (B) the Company defaults on any Indebtedness which default shall have resulted in the acceleration of Indebtedness in a
principal amount in excess of $250 million without such Indebtedness having been discharged or the acceleration having been cured, waived, rescinded or annulled, for a period of, in the case of clause (A) or (B) above, 30 days or more
after the Company receives written notice from the Trustee or the Trustee receives notice from the Holders of at least 30% in aggregate principal amount of the Notes then outstanding; provided, however, that if the failure, default or
acceleration referred to in clause (A) or (B) above shall cease or be cured, waived, rescinded or annulled, then the Event of Default (and the consequences thereof) shall be deemed cured, annulled and cease to exist; 

(v)    the Company or any Significant Subsidiary: 

(A)    commences a voluntary insolvency proceeding; 

(B)    consents to the entry of an order for relief against it in an involuntary insolvency proceeding or
consents to its dissolution or winding-up; 
 (C)    consents to
the appointment of a Custodian of it or for any substantial part of its property; 

  
 50 

 (D)    makes a general assignment for the benefit of its
creditors; or 
 (E)    generally is not paying its debts as they become due; 

provided, however, that the liquidation of any Restricted Subsidiary into another Restricted Subsidiary, other than as part of a credit
reorganization, shall not constitute an Event of Default under this Section 6.01(a)(v); 
 (vi)    a
court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (A)    is for
relief against the Company or any Significant Subsidiary in an involuntary insolvency proceeding; 

(B)    appoints a Custodian of the Company or any Significant Subsidiary or for any substantial part of
their property; 
 (C)    orders the winding-up, liquidation or
dissolution of the Company or any Significant Subsidiary; 
 (D)    orders the presentation of any plan
or arrangement, compromise or reorganization of the Company or any Significant Subsidiary; or 

(E)    grants any similar relief under any foreign laws; 

and in each such case the order or decree remains unstayed and in effect for 60 consecutive days; provided, however, that the voluntary
liquidation of any Restricted Subsidiary into another Restricted Subsidiary, other than as part of a credit reorganization, shall not constitute an Event of Default under this Section 6.01(a)(vi); 

provided, further, that in the cases of Sections 6.01(a)(v) and (a)(vi), in no event shall any such event or circumstance constitute an
Event of Default if such event or circumstance is a result of a bankruptcy, insolvency, reorganization or other similar proceeding with respect to such Person or its assets or business that was ongoing or in process at the time such Person became a
Subsidiary of the Company (including any alternative proceedings) or other such proceedings that are in the nature of either a continuation or extension thereof; or 

(vii)    the Note Guarantee of a Significant Subsidiary ceases to be in full force and effect (except as
contemplated by the terms of this Indenture) or any Guarantor denies or disaffirms in writing its obligations under this Indenture or any Note Guarantee, other than by reason of the release of such Guarantee in accordance with the terms of this
Indenture. 

  
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 However, a Default under clauses (iii) or (iv) of this Section 6.01(a) shall not
constitute an Event of Default until the Trustee or the Holders of 30% in principal amount of the outstanding Notes notify the Company of the Default and the Company does not cure such default within the time specified in clauses (iii) and
(iv), as applicable, of this Section 6.01(a) after receipt of such notice; provided that a notice of Default may not be given with respect to any action taken, and reported publicly or to Holders, more than two years prior to such notice
of Default. Any notice of Default, notice of acceleration or instruction to the Trustee to provide a notice of Default, notice of acceleration or take any other action (a “Noteholder Direction”) provided by any one or more Holders
(each a “Directing Holder”) must be accompanied by a written representation from each such Holder to the Company and the Trustee that such Holder is not (or, in the case such Holder is DTC or its nominee, that such Holder is being
instructed solely by beneficial owners that have represented to such Holder that they are not) Net Short (a “Position Representation”), which representation, in the case of a Noteholder Direction relating to the
delivery of a notice of Default (a “Default Direction”) shall be deemed repeated at all times until the resulting Event of Default is cured or otherwise ceases to exist or the Notes are accelerated. In addition, each
Directing Holder must at the time of providing a Noteholder Direction covenant, provide the Company with such other information as the Company may reasonably request from time to time in order to verify the accuracy of such Holder’s Position
Representation within five Business Days of request therefor (a “Verification Covenant”). In any case in which the Holder is DTC or its nominee, any Position Representation or Verification Covenant required hereunder
shall be provided by the beneficial owner of the Notes in lieu of DTC or its nominee. If, following the delivery of a Noteholder Direction, but prior to acceleration of the Notes, the Company determines in good faith that there is a reasonable basis
to believe a Directing Holder was, at any relevant time, in breach of its Position Representation and provides to the Trustee an Officer’s Certificate stating that the Company has initiated litigation with a court of competent jurisdiction
seeking a determination that such Directing Holder was, at such time, in breach of its Position Representation, and seeking to invalidate any Event of Default that resulted from the applicable Noteholder Direction, the cure period with respect to
the applicable Default shall be automatically stayed and the cure period with respect to such Event of Default shall be automatically reinstituted and any remedy stayed pending a final and non-appealable
determination of a court of competent jurisdiction on such matter. 
 If, following the delivery of a Noteholder Direction, but prior to
acceleration of the Notes, the Company provides to the Trustee an Officer’s Certificate stating that a Directing Holder failed to satisfy its Verification Covenant, the cure period with respect to the applicable Default shall be automatically
stayed and the cure period with respect to any Event of Default that resulted from the applicable Noteholder Direction shall be automatically reinstituted and any remedy stayed pending satisfaction of such Verification Covenant. Any breach of the
Position Representation shall result in such Holder’s participation in such Noteholder Direction being disregarded; and, if, without the participation of such Holder, the percentage of Notes held by the remaining Holders that provided such
Noteholder Direction would have been insufficient to validly provide such Noteholder Direction, such Noteholder Direction shall be void ab initio, with the effect that such Event of Default shall be deemed never to have occurred, acceleration voided
and the Trustee shall be deemed not to have received such Noteholder Direction or any notice of such Default or Event of Default. 

  
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 For the avoidance of doubt, the Trustee shall be entitled to conclusively rely on any
Noteholder Direction delivered to it in accordance with this Indenture, shall have no duty to inquire as to or investigate the accuracy of any Position Representation, enforce compliance with any Verification Covenant, verify any statements in any
Officer’s Certificate delivered to it, or otherwise make calculations, investigations or determinations with respect to Derivative Instruments, Net Shorts, Long Derivative Instruments, Short Derivative Instruments or otherwise. The Trustee
shall have no liability to the Company, any Holder or any other Person in acting in good faith on a Noteholder Direction. 

Section 6.02.    Acceleration of Maturity; Rescission. 

(a)    If an Event of Default under this Indenture (other than an Event of Default specified in Sections 6.01(a)(v) and
(a)(vi) with respect to the Company) shall occur and be continuing, either the Trustee or the Holders of at least 30% in principal amount of outstanding Notes may, subject to the last two paragraphs of Section 6.01, declare the principal of,
premium, if any, and accrued and unpaid interest on such Notes to be immediately due and payable by notice in writing to the Company and the Trustee (if given by the Holders) specifying the respective Event of Default and that such notice is a
“notice of acceleration”, and the same shall become immediately due and payable. Any time period to cure any alleged Default or Event of Default may be extended or stayed by a court of competent jurisdiction. 

(b)    If an Event of Default specified in Sections 6.01(a)(v) or (a)(vi) with respect to the Company occurs and is
continuing, then all unpaid principal of, and premium, if any, and accrued and unpaid interest on all of the outstanding Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the
Trustee or any Holder of the Notes. 
 (c)    Notwithstanding the foregoing, if the Company so elects in writing to the
Trustee, the sole remedy of the Holders for a failure to comply with Section 4.03, will for the first 180 days after the occurrence of such failure consist exclusively of the right to receive additional interest (“Additional
Interest”) on the Notes at a rate per annum equal to 0.25% for the first 180 days after the occurrence of such failure. The Additional Interest will accrue on all outstanding Notes from and including the date on which such failure first
occurs until such violation is cured or waived and shall be payable on each Interest Payment Date to Holders of record on the Regular Record Date immediately preceding the Interest Payment Date. On the 181st day after such failure (if such violation
is not cured or waived prior to such 181st day), Additional Interest will cease to accrue and such failure will then constitute an Event of Default without any further notice or lapse of time and the Notes will be subject to acceleration as provided
in Section 6.02. 
 (d)    (i) If a Default for a failure to report or failure to deliver a required certificate in
connection with another default (the “Initial Default”) occurs, then at the 

  
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time such Initial Default is cured, such Default for a failure to report or failure to deliver a required certificate in connection with another default that resulted solely because of that
Initial Default will also be cured without any further action and (ii) any Default or Event of Default for the failure to comply with the time periods prescribed in Section 4.03 or otherwise to deliver any notice or certificate pursuant to
any other provision of this Indenture shall be deemed to be cured upon the delivery of any such report required by such covenant or such notice or certificate, as applicable, even though such delivery is not within the prescribed period specified in
this Indenture. 
 (e)    At any time after a declaration of acceleration with respect to the Notes, the Holders of a
majority in aggregate principal amount of the then outstanding Notes may rescind and cancel such declaration and its consequences: 

(i)    if the rescission would not conflict with any judgment or decree; 

(ii)    if all existing Events of Default have been cured or waived except nonpayment of principal,
premium, if any, or accrued and unpaid interest that has become due solely because of the acceleration; 

(iii)    to the extent the payment of such interest is lawful, interest on overdue installments of interest
and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid; 

(iv)    if the Company has paid the Trustee its reasonable compensation and reimbursed the Trustee for its
expenses (including fees and expenses of counsel), disbursements and advances; and 
 (v)    in the event
of the cure or waiver of an Event of Default under this Indenture of the type described in Section 6.01(a)(iv), the Trustee shall have received an Officer’s Certificate that such Event of Default has been cured or waived. 

(f)    No such rescission shall affect any subsequent Default under this Indenture or impair any right consequent thereto.

 Section 6.03.    Other Remedies. If an Event of Default occurs and is continuing, the Trustee may pursue
any available remedy by proceeding at law or in equity to collect the payment of principal of, or premium, if any, and interest on the Notes, as the case may be, or to enforce the performance of any provision of the Notes, the Note Guarantee or this
Indenture and may take any necessary action requested of it as Trustee to settle, compromise, adjust or otherwise conclude any proceedings to which it is a party. 

The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. Any such
proceeding instituted by the Trustee may be brought in its own name and as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements of the Trustee and
its counsel, be for the ratable benefit of the Holders of the Notes in respect of which such judgment has been recovered. 

  
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A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence
in the Event of Default. No remedy is exclusive of any other remedy. All available remedies are cumulative, to the extent permitted by law. 

Section 6.04.    Waiver of Past Defaults and Events of Default. Provided the Notes are not then due and
payable by reason of a declaration of acceleration, the Holders of a majority in aggregate principal amount of the issued and then outstanding Notes may on behalf of the Holders of all the affected Notes waive any existing Default or Event of
Default with respect to the Notes, and its consequences, by providing written notice thereof to the Company and the Trustee, except a Default or Event of Default (1) in the payment of the principal of, premium, if any, or interest on the Notes
or (2) in respect of a covenant or provision of this Indenture which cannot be modified or amended without the consent of the Holder of each outstanding Note affected. In the case of any such waiver, the Company, the Trustee and the Holders of
the Notes will be restored to their former positions and rights under this Indenture, respectively, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture;
provided that no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereto. 

Section 6.05.    Control by Majority. The Holders of a majority in aggregate principal amount of the then
outstanding Notes have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee. However, the Trustee may refuse to follow any
direction that conflicts with law or this Indenture, that may involve the Trustee in personal liability, or that the Trustee determines in good faith may be unduly prejudicial to the rights of Holders of the affected Notes not joining in the giving
of such direction (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not any such directions are unduly prejudicial to such Holders), and may take any other action it deems proper that is not inconsistent
with any such direction received from Holders of the Notes. 
 Section 6.06.    Limitation on Suits. No
Holder of Notes will have any right to institute any proceeding with respect to this Indenture, or for any remedy hereunder, unless: 

(a)    the Trustee has failed to institute such proceeding for 60 days after the Holder has previously given to the
Trustee written notice of a continuing Event of Default with respect to such Notes, 
 (b)    the Holders of at least
30% in aggregate principal amount of outstanding Notes have made a written request to the Trustee to institute such proceeding as Trustee, and offered security or indemnity acceptable to the Trustee; and 

(c)    the Trustee has not received from the Holders of a majority in aggregate principal amount of the outstanding Notes
a direction that is inconsistent with such request. 

  
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 However, the Holder of any Note will have an absolute and unconditional right to receive
payment of the principal of, and premium, if any, or interest on, such Note on or after the date or dates they are required to be paid as expressed in such Note and to institute suit for the enforcement of any such payment. 

Section 6.07.    Rights of Holders to Receive Payment. Notwithstanding any other provision of this Indenture,
the contractual right of any Holder of a Note to receive payment of the principal of or premium, if any, or interest, if any, on such Note (including in connection with an offer to purchase) or to bring suit for the enforcement of any such payment,
on or after the due date expressed in the Notes shall not be impaired or affected without the consent of such Holder. 

Section 6.08.    Collection Suit by Trustee. If an Event of Default in payment of principal, premium or
interest specified in Section 6.01(a) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company (or any other obligor on the Notes) for the whole amount of unpaid principal
and accrued and unpaid interest remaining unpaid, and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents
and counsel. 
 Section 6.09.    Trustee May File Proofs of Claim. The Trustee may file such proofs of claim
and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any
other amounts due the Trustee under Section 7.06) and the Holders allowed in any judicial proceedings relative to the Company (or any other obligor upon the Notes), its creditors or its property and, unless prohibited by law, shall be entitled
and empowered to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same after deduction of its charges and expenses to the extent that any such charges and expenses are not paid out of
the estate in any such proceedings and any custodian in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to
the Holders, to pay to the Trustee any amount due to it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.06. To the extent that
the payment of any such compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.06 hereof out of the estate in any such proceeding, shall be unpaid for any
reason, payment of the same shall be secured by a lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation
or under any plan of reorganization or arrangement or otherwise. The Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ committee or other similar
committee. 

  
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 Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to
or accept or adopt on behalf of any Holder any plan or reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any
such proceedings. All rights of action and claims under this Indenture or the Notes may be prosecuted and enforced by the Trustee without the possession of any of the Notes thereof in any proceeding relating thereto, and any such proceeding
instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its
agents and counsel, be for the ratable benefit of the Holders in respect of which such judgment has been recovered. 

Section 6.10.    Priorities. Any money or property collected by the Trustee pursuant to this Article 6 shall
be applied in the following order: 
 FIRST: to the Trustee (including any predecessor Trustee) for amounts due under Section 7.06;

 SECOND: to Holders for amounts due and unpaid on the affected Notes for principal, premium, if any, and interest as to each, ratably,
without preference or priority of any kind, according to the amounts due and payable on the affected Notes; and 
 THIRD: to the Company.

 The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 6.10. 

Section 6.11.    Undertaking for Costs. In any suit for the enforcement of any right or remedy under this
Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its
discretion may assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This
Section 6.11 does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07 or a suit by Holders of more than 10% in principal amount of the Notes then outstanding. 

Section 6.12.    Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder of any
Notes to exercise any right or remedy occurring upon an Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article 6 or by law
to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 

  
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 ARTICLE 7 

TRUSTEE 

Section 7.01.    Duties of Trustee. The duties and responsibilities of the Trustee are as provided by the
Trust Indenture Act and as set forth herein. Whether or not expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee is subject to this Article. 

(a)    If an Event of Default actually known to a Responsible Officer of the Trustee has occurred and is continuing, the
Trustee may exercise such of the rights and powers vested in it under this Indenture, and will use the same degree of care and skill in its exercise, as a prudent person would exercise or use under the circumstances in the conduct of such
person’s own affairs. 
 (b)    Except during the continuance of an Event of Default: 

(1)    the Trustee undertakes to perform such duties and only such duties as are specifically set forth in
this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(2)    in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture but, in the case of any such certificates or opinions which by any
provision hereof are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the
accuracy of mathematical calculations or other facts, statements, opinions or conclusions stated therein). 
 (c)    No
provision of this Indenture shall be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 

(1)    this paragraph does not limit the effect of clause (b) or (d) of this Section 7.01; 

(2)    the Trustee shall not be liable for any error of judgment made in good faith by a Responsible
Officer or Responsible Officers of the Trustee, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 

(3)    the Trustee shall not be liable with respect to any action it takes or omits to take in good faith
in accordance with a direction of the Holders of a majority in aggregate principal amount of the outstanding Notes, determined as provided herein, relating to the time, method and place of conducting any proceeding for any remedy available to the
Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Notes. 

  
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 (d)    No provision of this Indenture shall require the Trustee 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 of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such
funds or indemnity satisfactory to it against such risk or liability is not reasonably assured to it. The Trustee shall not be required to give any bond or surety in respect of the performance of its powers or duties hereunder. 

(e)    Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct of,
affecting the liability of, or affording protection to, the Trustee shall be subject to the provisions of this Section 7.01. 

(f)    The Trustee shall not be liable for interest or earnings on any money received by it except as the Trustee may
agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by the law. 

(g)    The Trustee shall not be responsible for the application of any money by any Paying Agent other than the Trustee.

 Section 7.02.    Rights of Trustee. Subject to Section 7.01: 

(a)    The Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any
resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document (whether in its original or facsimile form) believed in
good faith by it to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in the document. 

(b)    Any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Order or
Officer’s Certificate, or signed by an Officer, and any resolution of the Board of Directors may be sufficiently evidenced by a board resolution. 

(c)    Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of
Counsel and the Trustee will not be liable for any action it takes or omits to take in good faith in reliance on such certificate or opinion. 

(d)    The Trustee may execute any of the trusts or power hereunder or perform any duties hereunder either directly or by
or through attorneys or agents and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent appointed with due care by it hereunder. 

(e)    The Trustee shall not be liable for any action taken, suffered, or omitted to be taken in good faith and believed
by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture. 

  
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 (f)    The Trustee may consult with counsel of its selection, and the
advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection from liability in respect of any action taken, omitted or suffered by it hereunder in good faith and in reliance thereon. 

(g)    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. 
 (h)    The rights, privileges, protections, immunities and benefits
given to the Trustee, including, without limitation, its right to be compensated, reimbursed and indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person
employed to act hereunder. 
 (i)    The Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make
such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books records, and premises of the Company,
personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

(j)    The Trustee shall not be deemed to have notice or be charged with knowledge of any Default or Event of Default
unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of such Default or Event of Default from the Company or by the Holders of at least 30% of the aggregate principal amount of the outstanding Notes is
received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Notes and this Indenture. 

(k)    The Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles
of officers authorized at such time to take specified actions pursuant to this Indenture, which certificate may be signed by any person authorized to sign a certificate, including any person specified as so authorized in any such certificate
previously delivered and not superseded. 
 (l)    Anything in this Indenture notwithstanding, in no event shall the
Trustee be liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit), even if the Trustee has been advised as to the likelihood of such loss or damage and regardless
of the form of action. 
 (m)    The Trustee shall not be responsible or liable for any failure or delay in the
performance of its obligations under this Indenture arising out of or caused, directly or 

  
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indirectly, by circumstances beyond its control, including, without limitation, any provision of any law or regulation or any act of any Governmental Authority, acts of God; earthquakes; fire;
flood; terrorism; wars and other military disturbances; sabotage; epidemics; riots; interruptions; loss or malfunctions of utilities, computer (hardware or software) or communication services or other unavailability of the Federal Reserve Bank wire
or facsimile or other wire or communication facility; accidents; labor disputes; acts of civil or military authority and governmental action. 

(n)    The permissive right of the Trustee to take or refrain from taking action hereunder shall not be construed as a
duty. The Trustee shall have no obligation to pursue any action that is not in accordance with applicable law. 

Section 7.03.    Individual Rights of Trustee. The Trustee in its individual or any other capacity may become
the owner or pledgee of Notes and may make loans to, accept deposits from, perform services for or otherwise deal with the Company or any Affiliate thereof with the same rights it would have if it were not Trustee. Any Agent may do the same with
like rights. The Trustee is also subject to Section 7.09. 
 Section 7.04.    Trustee’s
Disclaimer. The recitals contained herein and in the Notes, except the Trustee’s certificates of authentication, shall be taken as the statements of the Company and the Guarantors, and the Trustee assumes no responsibility for their
correctness. The Trustee makes no representations as to and shall not be responsible for the validity, sufficiency or adequacy of this Indenture or of the Notes or any Note Guarantee. The Trustee shall not be accountable for the use or application
by the Company of Notes or the proceeds thereof or any money paid to the Company or upon the Company’s direction under any provision of this Indenture. The Trustee shall not be responsible to make any calculation with respect to any matter
under this Indenture. The Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Notes and perform its obligations hereunder. The Trustee shall have no duty to monitor or investigate the Company’s
compliance with or the breach of, or cause to be performed or observed, any representation, warranty or covenant made in this Indenture. Under no circumstances shall the Trustee be liable in its individual capacity for the obligations evidenced by
the Notes or the Note Guarantee. The Trustee makes no representation as to and shall not be responsible for any statement or recital herein or any statement in the Offering Memorandum or any other document in connection with the sale of the Notes.
The Trustee shall not be responsible for and makes no representation as to any act or omission of any Rating Agency or any rating with respect to the Notes. The Trustee shall have no obligation to independently determine or verify if any event has
occurred or notify the Holders of any event dependent upon the rating of the Notes, or if the rating on the Notes has been changed, suspended or withdrawn by any Rating Agency. The Trustee shall have no obligation to independently determine or
verify if any Change of Control Triggering Event or any other event has occurred or notify the Holders of any such event. 

  
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 Section 7.05.    Notice of Defaults; Reports by Trustee to
Holders. 
 Within 90 days after the occurrence thereof, and if actually known to a Responsible Officer of the Trustee, the Trustee shall
give to the Holders of the Notes notice of each Default or Event of Default known to the Trustee, by transmitting such notice to Holders at their addresses as the same shall then appear on the Note Register, unless such Default shall have been cured
or waived before the giving of such notice. Except in the case of a Default or Event of Default in payment of the principal of, premium, if any, or interest on any of the Notes when and as the same shall become payable, or to make any sinking fund
payment as to Notes (including payments pursuant to a redemption or repurchase of the Notes pursuant to the provisions of this Indenture), the Trustee shall be protected in withholding such notice if and so long as a committee of its Responsible
Officers in good faith determines that withholding the notice is in the interests of Holders. Notice to Holders under this Section will be given in the manner and to the extent provided in Trust Indenture Act Section 313(c). 

Section 7.06.    Compensation and Indemnity. 

(a)    The Company shall pay to the Trustee and Agents from time to time such compensation for their services hereunder
(which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an express trust) as shall be agreed upon in writing. The Company shall reimburse the Trustee and Agents upon request for all reasonable
disbursements, expenses and advances incurred or made by them in connection with the Trustee’s duties under this Indenture, including the reasonable compensation, disbursements and expenses of the Trustee’s agents and external counsel,
except any such expense, disbursement or advance as may be attributable to its willful misconduct or negligence as finally adjudicated by a court of competent jurisdiction. 

(b)    The Company and the Guarantors, jointly and severally, shall fully indemnify each of the Trustee and its officers,
agents and employees and any predecessor Trustee for, and hold each of them harmless against, any and all loss, damage, claim, liability, fees, costs, or expense, including, without limitation, reasonable attorneys’ fees and expenses incurred
by each of them in connection with the acceptance or performance of its duties under this Indenture including the reasonable costs and expenses of defending itself against any claim (whether asserted by the Company, or any Holder or any other
Person) or liability in connection with the exercise or performance of any of its powers or duties hereunder (including, without limitation, settlement costs), and including reasonable attorneys’ fees and expenses and court costs incurred in
connection with any action, claim or suit brought to enforce the Trustee’s right to compensation, reimbursement or indemnification. The Trustee or Agent shall notify the Company in writing promptly of any claim of which a Responsible Officer of
the Trustee has actual knowledge asserted against the Trustee or Agent for which it may seek indemnity; provided that the failure by the Trustee or Agent to so notify the Company shall not relieve the Company of its obligations hereunder. In
the event that a conflict of interest exists or potential harm to the Trustee’s business exists, the Trustee may have separate counsel, which counsel must be reasonably acceptable to the Company and the Company shall pay the reasonable fees and
expenses of such counsel. 

  
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 (c)    Notwithstanding the foregoing, the Company need not reimburse the
Trustee for any expense or indemnify it against any loss or liability to have been incurred by the Trustee through its own willful misconduct or negligence as finally adjudicated by a court of competent jurisdiction. 

(d)    As security for the performance of the obligations of the Company in this Section 7.06, the Trustee shall have
a claim and 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 (or premium, if any) or interest, if any, on particular Notes. 

(e)    The obligations of the Company under this Section 7.06 to compensate and indemnify the Trustee, Agents and
each predecessor Trustee and to pay or reimburse the Trustee, Agents and each predecessor Trustee for expenses, disbursements and advances shall be the liability of the Company and the lien provided for under this Section 7.06 and shall survive
the resignation or removal of the Trustee and the satisfaction, discharge or other termination of this Indenture for any reason, including any termination or rejection hereof under any Bankruptcy Law. 

(f)    In addition to, but without prejudice to its other rights under this Indenture, when the Trustee incurs expenses or
renders services after an Event of Default specified in Section 6.01(a)(v) or Section 6.01(a)(vi) occurs, 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 Bankruptcy Law. 
 (g)    For purposes of this Section 7.06, the
term “Trustee” shall include any predecessor Trustee; provided, however, that the negligence, willful misconduct or bad faith of any Trustee hereunder shall not affect the rights or any other Trustee hereunder. 

Section 7.07.    Replacement of Trustee. 

(a)    A resignation or removal of the Trustee and appointment of a successor Trustee will become effective only upon the
successor Trustee’s acceptance of appointment as provided in this Section 7.07. 
 (b)    The Trustee may
resign at any time by so notifying the Company in writing. The Holders of a majority in principal amount of the outstanding Notes may remove the Trustee by notifying the Company and the removed Trustee in writing and may appoint a successor Trustee
with the Company’s written consent, which consent shall not be unreasonably withheld. The Company may remove the Trustee at its election if: 

(1)    the Trustee fails to comply with Section 7.09 or in the circumstances described in Trust
Indenture Act Section 310(b); 
 (2)    the Trustee is adjudged a bankrupt or an insolvent or an
order for relief entered with respect to the Trustee under Bankruptcy Law; 

  
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 (3)    a receiver or other public officer takes charge
of the Trustee or its property; or 
 (4)    the Trustee otherwise becomes incapable of acting. 

(c)    If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company
shall promptly appoint a successor Trustee. 
 (d)    If a successor Trustee does not take office within 30 days after
the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least 10% in principal amount of the outstanding Notes may petition at the expense of the Company any court of competent jurisdiction, in the case of
the Trustee, for the appointment of a successor Trustee. 
 (e)    If the Trustee fails to comply with
Section 7.09, any Holder that satisfies the requirements of Trust Indenture Act Section 310(b) may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

(f)    A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the
Company. Immediately following such delivery, the retiring Trustee shall, subject to the lien and its rights under Section 7.06, transfer all property held by it as Trustee to the successor Trustee, the resignation or removal of the retiring
Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. A successor Trustee shall mail or send notice of its succession to each Holder. Notwithstanding replacement
of the Trustee pursuant to this Section 7.07, the lien and Company’s obligations under Section 7.06 shall continue for the benefit of the retiring Trustee. 

(g)    The Trustee agrees to give the notices provided for in, and otherwise comply with, Trust Indenture Act
Section 310(b). 
 Section 7.08.    Successor Trustee by Consolidation, Merger, Etc. If the Trustee
consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business to, another corporation, the successor corporation without any further act shall be the successor Trustee. 

Section 7.09.    Eligibility; Disqualification. There will at all times be a Trustee hereunder that is a
Person organized and doing business under the laws of the United States of America or of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by U.S. Federal or state
authorities. This Indenture must always have a Trustee that satisfies the requirements of Trust Indenture Act Section 310(a), and the Trustee (together with its corporate parent) shall have a combined capital and surplus of at least
$50.0 million as set forth in the most recent applicable published annual report of condition. 

  
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 ARTICLE 8 

AMENDMENT, SUPPLEMENT AND WAIVER 

Section 8.01.    Without Consent of Holders. The Company, the Guarantors and the Trustee may amend or
supplement this Indenture, the Notes or the Note Guarantees without the consent of any Holder to: 
 (a)    cure any
ambiguity, mistake, defect or inconsistency; 
 (b)    provide for uncertificated Notes in addition to or in place of
certificated Notes; 
 (c)    provide for the assumption by a Successor Company or a successor company of a Guarantor,
as applicable, of the Company’s or such Guarantor’s obligations under this Indenture; 
 (d)    make any
change that would provide any additional rights or benefits to the Holders of the Notes or that does not adversely affect the legal rights under this Indenture of any such Holder; 

(e)    secure the Notes in accordance with Section 4.07 or to release collateral in accordance with any security
documents entered into in connection therewith; 
 (f)    add a Note Guarantee; 

(g)    conform the text of this Indenture or the Notes to any provision of the section of the Offering Memorandum
captioned “Description of Notes”; 
 (h)    provide for the issuance of Additional Notes in accordance with
Section 2.02 and other relevant provisions of this Indenture; 
 (i)    release a Guarantor from its Note
Guarantee; provided that such release is in accordance with the applicable provisions of this Indenture; 

(j)    add Events of Default for the benefit of the Holders of the Notes; 

(k)    add to, change or eliminate any provision in this Indenture applying to the Notes; provided that the Company
concludes in good faith that such action is necessary or advisable and does not adversely affect the interests of any Holder; 

(l)    evidence and provide for a successor Trustee or to add to or change any provisions to the extent necessary to
appoint a separate Trustee for the Notes; 
 (m)    supplement any provisions of this Indenture necessary to discharge
and defease the Notes or this Indenture otherwise in accordance with the defeasance or discharge provisions, as the case may be, of this Indenture, or to make other provisions with respect to matters or questions arising under this Indenture;
provided that such action does not adversely affect the interests of the Holders of any Notes in any material respect; 

  
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 (n)    add to, change or eliminate any provisions of this Indenture in
accordance with the Trust Indenture Act or to comply with the provisions of the DTC or the Trustee with respect to provisions of this Indenture or the Notes relating to transfers or exchanges of Notes or beneficial interests in the Notes; or 

(o)    provide for amendments, consents or waivers under the Note Guarantees that are administrative or ministerial in
nature or the succession or assumption of obligations under Note Guarantees in connection with a transaction not prohibited by this Indenture. 

Section 8.02.    With Consent of Holders. 

(a)    The Company, the Guarantors and the Trustee may amend or supplement this Indenture, the Notes or the Note Guarantees
provided hereunder with the consent of the Holders of 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,
such Notes), and any existing Default or compliance with any provision of this Indenture or the Notes may also be waived (except a default in respect of the payment of principal or interest on the Notes) with the consent of the Holders of 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, the Notes). 

(b)    However, no such amendment, supplement or waiver may, without the consent of each Holder of an outstanding Note
affected thereby: 
 (1)    reduce the principal amount of Notes whose Holders must consent to an
amendment, supplement or waiver; 
 (2)    reduce the principal of or change the fixed maturity of any
Note or alter the provisions with respect to the redemption of the outstanding Notes (other than provisions relating to Section 4.10 except as set forth in this Section 8.02(b)); 

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

(4)    waive a Default or Event of Default in the payment of principal of, or interest or premium, if any,
on the outstanding Notes (except a rescission of acceleration of the Notes by the holders of a majority in aggregate principal amount of the then outstanding Notes with respect to a nonpayment default and a waiver of the payment default that
resulted from such acceleration); 
 (5)    make any Note payable in money other than that stated in the
Notes; 

  
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 (6)    make any change in the provisions of this
Indenture relating to waivers of past Defaults or the rights of Holders of Notes to receive payments of principal of, or interest or premium, if any, on the Notes or impair the right of any Holder of the Notes to institute suit for the enforcement
of any payment on or with respect to the Notes; 
 (7)    waive a redemption payment with respect to any
Note issued thereunder (other than a payment required by Section 4.10 except as set forth in this Section 8.02(b)); 

(8)    make any change in the ranking or priority of any Note that would adversely affect the Holders of
the Notes; 
 (9)    adversely affect the ranking of the Note Guarantees or in releasing the Note
Guarantees; 
 (10)    amend, change or modify in any material respect the obligation of the Company to
make and consummate a Change of Control Offer with respect to the Notes in respect of a Change of Control that has occurred; or 

(11)    make any change in Sections 8.01 or 8.02. 

(c)    Except as provided in Sections 6.02, 6.04 and 6.07, clause (b) of this Section 8.02 and the immediately
succeeding sentence, the Holders of a majority of the principal amount of then outstanding Notes may waive future compliance by the Company with any provision of this Indenture. The Holders of at least a majority in principal amount of then
outstanding Notes may waive any past Default under this Indenture, except a failure by the Company to pay the principal of, or any premium or interest on, any Notes or a provision that cannot be modified or amended without the consent of the Holders
of all outstanding Notes. 
 (d)    In determining whether the Holders of the required principal amount of Notes have
concurred in any direction, notice, waiver or consent, Notes owned by the Company or any Subsidiary, or by any Affiliate of the Company or any Subsidiary, will be considered as though not outstanding, except that for the purposes of determining
whether the Trustee will be protected in conclusively relying on any such direction, notice, waiver or consent, only Notes that a Responsible Officer of the Trustee knows are so owned will be so disregarded. 

(e)    It is not necessary for the consent of the Holders under this Section 8.02 to approve the particular form of
any proposed amendment, supplement or waiver, but it is sufficient if such consent approves the substance thereof. 

(f)    After an amendment that requires the consent of the Holders of the Notes becomes effective, the Company shall mail
or send to each registered Holder of the Notes at such Holder’s address appearing in the Note Register a notice briefly describing such amendment. However, the failure to give such notice to all Holders of the Notes, or any defect therein,
shall not impair or affect the validity of the amendment. 

  
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 (g)    Upon the written request of the Company accompanied by a board
resolution of the Board of Directors of the Company authorizing the execution of any such supplemental indenture pursuant to Section 8.01 or this Section 8.02, and upon the receipt by the Trustee of evidence reasonably satisfactory to the
Trustee of the consent of the Holders in the case of a supplemental indenture pursuant to Section 8.02(a), and upon receipt by the Trustee of the documents described in Section 8.05, the Trustee shall join with the Company in the execution
of such supplemental indenture unless such supplemental indenture adversely affects the Trustee’s own rights, duties or immunities under this Indenture, in which case the Trustee may, but shall not be obligated to, enter into such supplemental
indenture. 
 Section 8.03.    Revocation and Effect of Consents. After an amendment, supplement, waiver or
other action becomes effective, a consent to it by a Holder of a Note is a continuing consent conclusive and binding upon such Holder and every subsequent Holder of the same Note or portion thereof, and of any Note issued upon the transfer thereof
or in exchange therefor or in place thereof, even if notation of the consent is not made on any such Note. However, subject to Section 11.02(d), 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 amendment, supplement or waiver 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 in accordance with Section 11.02(d). 
 Section 8.04.    Notation on or
Exchange of Notes. If an amendment, supplement, or waiver changes the terms of a Note, the Trustee (in accordance with the specific written direction of the Company) shall request the Holder of the Note (in accordance with the specific written
direction of the Company) to deliver it to the Trustee. In such case, the Trustee shall place an appropriate notation on the Note about the changed terms and return it to the Holder. Alternatively, if the Company or the Trustee so determines, the
Company in exchange for the Note shall issue and the Trustee shall authenticate a new Note that reflects the changed terms. Failure to make the appropriate notation or issue a new Note shall not affect the validity and effect of such amendment,
supplement or waiver. 
 Section 8.05.    Trustee to Sign Amendments, Etc. The Trustee shall sign any
amendment, supplement or waiver authorized pursuant to this Article 8 if the amendment, supplement or waiver does not affect the rights, duties, liabilities or immunities of the Trustee. If it does affect the rights, duties, liabilities or
immunities of the Trustee, the Trustee may, but need not, sign such amendment, supplement or waiver. In signing or refusing to sign such amendment, supplement or waiver the Trustee shall be entitled to receive and, subject to Section 7.01,
shall be fully protected in relying upon an Officer’s Certificate and an Opinion of Counsel stating, in addition to the matters required by Section 11.04, that such amendment, supplement or waiver is authorized or permitted by this
Indenture and constitutes the legal, valid and binding obligation of the Company and the Guarantors; provided that the legal counsel delivering such Opinion of Counsel may rely on matters of fact set forth in one or more Officer’s
Certificates of the Company. 

  
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 ARTICLE 9 

SATISFACTION AND DISCHARGE OF INDENTURE; DEFEASANCE

 Section 9.01.    Satisfaction and Discharge of Liability on Notes; Defeasance. 

(a)    This Indenture will be discharged and will cease to be of further effect (except as to rights of registration of
transfer or exchange of Notes which shall survive until all Notes have been canceled) as to all outstanding Notes (and the Company’s obligations in respect of the Notes will be discharged), when: 

(i)    either: 

(A)    all the Notes that have been authenticated, except lost, stolen or destroyed Notes that have been
replaced or paid and Notes for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company, have been delivered to the Trustee for cancellation; or 

(B)    all the Notes that have not been delivered to the Trustee for cancellation have become due and
payable by reason of the giving of a notice of redemption or otherwise or will become due and payable by reason of the giving of a notice of redemption or otherwise within one year and the Company has irrevocably deposited or caused to be deposited
with the Trustee as trust funds in trust solely for the benefit of the holders of the Notes, cash in U.S. dollars, non-callable U.S. Government Securities or a combination thereof, in amounts as will be
sufficient, without consideration of any reinvestment of interest, in the opinion of a nationally recognized investment bank, appraisal firm or firm of independent public accountants, to pay and discharge the entire Indebtedness on the Notes not
delivered to the Trustee for cancellation for principal, premium, if any, and accrued and unpaid interest to the date of maturity or redemption; 

(ii)    in respect of clause (a)(i)(B) of this Section 9.01, no Default or Event of Default has
occurred and is continuing under this Indenture on the date of the deposit or will occur as a result of the deposit (other than a Default or Event of Default resulting from or arising in connection with borrowing of funds to be applied to such
deposit and the grant of any Lien securing such borrowing); 
 (iii)    the Company has paid or caused to
be paid all sums payable by it under this Indenture; and 

  
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 (iv)    the Company has delivered irrevocable
instructions to the Trustee under this Indenture to apply the deposited money toward the payment of the Notes issued hereunder at maturity or the Redemption Date, as the case may be. 

In addition, the Company must deliver an Officer’s Certificate and an Opinion of Counsel to the Trustee stating that all conditions
precedent to satisfaction and discharge have been satisfied. 
 (b)    The Company may, at its option and at any time,
elect to have all of its obligations and the obligations of the Guarantors released with respect to the outstanding Notes (“Legal Defeasance”). Legal Defeasance means that the Company and the Guarantors shall be deemed to have paid
and discharged the entire Indebtedness represented by the Notes and the related Guarantees, and this Indenture shall cease to be of further effect as to all outstanding Notes and the related Guarantees, except for: 

(1)    the rights of Holders of outstanding Notes to receive payments in respect of the principal of, or
interest or premium, if any, on the Notes when such payments are due from the trust referred to in Section 9.02(a); 

(2)    the Company’s obligations with respect to the Notes concerning issuing temporary Notes,
registration of Notes, mutilated, destroyed, lost or stolen Notes and the maintenance of an office or agency for payment; 

(3)    the rights, powers, trusts, duties and immunities of the Trustee, and the obligations of the Company
and the Guarantors in connection therewith; and 
 (4)    the Legal Defeasance provisions of this
Indenture. 
 In addition, the Company may, at its option and at any time, elect to have its obligations and the obligations of the
Guarantors released with respect to (A) their respective obligations under Sections 4.03, 4.04 and 4.07 through 4.12, inclusive, with respect to the outstanding Notes and (B) the operation of Sections 6.01(a)(iii), (a)(iv), (a)(v), (a)(vi)
and (a)(vii) (only as such clauses, (a)(v), (a)(vi) and (a)(vii) apply to Significant Subsidiaries) (“Covenant Defeasance”) on and after the conditions in Section 9.02 with respect to Covenant Defeasance are satisfied, and
thereafter any omission to comply with such obligations will not constitute a Default or Event of Default with respect to the Notes. The Company may exercise its Legal Defeasance option regardless of whether it previously exercised Covenant
Defeasance. 
 (c)    If the Company exercises its Legal Defeasance option, payment of the Notes may not be accelerated
because of an Event of Default with respect thereto. 
 (d)    Upon satisfaction of the conditions set forth herein and
upon request of the Company, the Trustee shall acknowledge in writing the discharge of those obligations that the Company terminates. 

(e)    Notwithstanding clauses (a) and (b) of this Section 9.01, the Company’s obligations in Article 2 and
Sections 4.01, 4.02, 7.06, 7.07, 9.05 and 9.06 shall survive with respect to the Notes until such time as the Notes have been paid in full. Thereafter, the Company’s obligations in Sections 7.06, 7.07, 9.05 and 9.06 shall survive. 

  
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 Section 9.02.    Conditions to Defeasance. In order to
exercise either Legal Defeasance or Covenant Defeasance with respect to the Notes: 
 (a)    the Company must irrevocably
deposit with the Trustee, in trust, for the benefit of the Holders, cash in U.S. dollars, non-callable U.S. Government Securities, or a combination of cash in U.S. dollars and
non-callable U.S. Government Securities in amounts as will be sufficient, in the opinion of a nationally recognized investment bank, appraisal firm or firm of independent public accountants delivered to the
Trustee, to pay the principal of, or interest and premium, if any, on the outstanding Notes on the 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
maturity or to a particular Redemption Date; 
 (b)    in the case of Legal Defeasance, the Company has delivered to the
Trustee an Opinion of Counsel confirming that (i) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (ii) since the Issue Date, there has been a change in the applicable U.S. federal
income tax law, in either case to the effect that, and based thereon such Opinion of Counsel will confirm that, the Holders of the outstanding Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such
Legal Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 

(c)    in the case of Covenant Defeasance, the Company has delivered to the Trustee an Opinion of Counsel confirming that
the Holders of the outstanding Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Covenant Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at
the same times as would have been the case if such Covenant Defeasance had not occurred; 
 (d)    no Default or Event
of Default has occurred and is continuing under this Indenture on the date of such deposit (other than a Default or Event of Default resulting from or arising in connection with the borrowing of funds to be applied to such deposit and the grant of
any Lien securing such borrowings); 
 (e)    such Legal Defeasance or Covenant Defeasance will not result in a breach
or violation of, or constitute a default under any material agreement or instrument (other than this Indenture) to which the Company or any Guarantor is a party or by which the Company or any Guarantor is bound; 

(f)    the Company must deliver to the Trustee an Officer’s Certificate stating that the deposit referred to in
clause (a) was not made by the Company with the intent of preferring the Holders of the Notes over the other creditors of the Company or any Guarantor or with the intent of defeating, hindering, delaying or defrauding creditors of the Company
or any Guarantor or others; and 

  
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 (g)    the Company must deliver to the Trustee an Officer’s
Certificate and an Opinion of Counsel, each stating that all conditions precedent relating to the Legal Defeasance or the Covenant Defeasance of the Notes have been complied with. 

Notwithstanding the foregoing, the Opinion of Counsel required by clauses (b) and (c) of this Section 9.02 with respect to a Legal
Defeasance or a Covenant Defeasance, as applicable, need not be delivered if all the Notes not theretofore delivered to the Trustee for cancellation (x) have become due and payable or (y) will become due and payable on the maturity date
within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company. 

If the funds deposited with the Trustee to effect Covenant Defeasance are insufficient to pay the principal of and interest on the Notes when
due, then the Company’s obligations and the obligations of Guarantors under this Indenture will be revived and no such defeasance will be deemed to have occurred. 

Section 9.03.    Deposited Money and U.S. Government Securities to be Held in Trust; Other Miscellaneous
Provisions. All money and U.S. Government Securities (including the proceeds thereof) deposited with the Trustee pursuant to Section 9.02(a) 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 this Indenture, to the payment, either directly or through any Paying Agent, to the Holders of such Notes, of all sums due and to become due thereon in respect of principal, premium, if any, and
accrued and unpaid 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 U.S. Government Securities deposited pursuant to Section 9.02(a) or the principal, premium, if any, 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 9 to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon a request of the Company any money or U.S. Government Securities held by it as provided in Section 9.02(a) which, in the
opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect an equivalent
Legal Defeasance or Covenant Defeasance. 
 Section 9.04.    Reinstatement. If the Trustee or Paying Agent
is unable to apply any money or U.S. Government Securities in accordance with Section 9.01 by reason of any legal proceeding or by reason of any order or judgment of any court or Governmental 

  
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Authority enjoining, restraining or otherwise prohibiting such application, the Company’s obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit
had occurred pursuant to this Article 9 until such time as the Trustee or Paying Agent is permitted to apply all such money or U.S. Government Securities in accordance with Section 9.01; provided that if the Company has made any payment
of principal of, premium, if any, or accrued and unpaid interest on any Notes because of 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 or U.S.
Government Securities held by the Trustee or Paying Agent. 
 Section 9.05.    Moneys Held by Paying Agent.
In connection with the satisfaction and discharge of this Indenture, all moneys then held by any Paying Agent under the provisions of this Indenture shall, upon written demand of the Company, be paid to the Trustee, or if sufficient moneys have
been deposited pursuant to Section 9.02(a), to the Company upon a request of the Company, and thereupon the Paying Agent shall be released from all further liability with respect to such moneys. 

Section 9.06.    Moneys Held by Trustee. Any moneys 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, if any, or interest on any Note that are not applied but remain unclaimed by the Holder of such Note for two years after the date upon which the principal of, or premium,
if any, or interest on such Note shall have respectively become due and payable shall, subject to applicable abandoned property law, be repaid to the Company upon a request of the Company, or if such moneys are then held by the Company in trust,
such moneys shall be released from such trust; and the Holder of such Note entitled to receive such payment shall thereafter, as an unsecured general creditor, look only to the Company for the payment thereof, and all liability of the Trustee or the
Paying Agent with respect to such trust money shall thereupon cease. After payment to the Company or the release of any money held in trust by the Company, Holders entitled to the money must look only to the Company for payment as general creditors
unless applicable abandoned property law designates another Person. 
 ARTICLE 10 

GUARANTEES 

Section 10.01.    Guarantee. 

(a)    Each Guarantor, hereby jointly and severally, absolutely, unconditionally and irrevocably Guarantees the Notes and
obligations of the Company hereunder and thereunder, including all obligations under this Indenture, and guarantees to each Holder of a Note authenticated and delivered by the Trustee, and to the Trustee on behalf of such Holder, that (i) the
principal of (and premium, if any) and interest on the Notes will be paid in full when due, whether at Stated Maturity, by acceleration or otherwise (including, without limitation, the amount that would become due but for the operation of any
automatic stay provision of any Bankruptcy Law), together with interest on the overdue principal, if any, and interest on any overdue interest, to the extent lawful, and all other obligations of the Company to the Holders or the Trustee hereunder or
thereunder will be 

  
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paid in full or performed, all in accordance with the terms hereof and thereof; and (ii) in case of any extension of time of payment or renewal of any Notes or of any such other obligations,
the same will be paid in full when due or performed in accordance with the terms of the extension or renewal, whether at Stated Maturity, by acceleration or otherwise, subject, however, in the case of clauses (i) and (ii) above, to the
limitations set forth in Section 10.03. 
 Each Guarantor hereby agrees that its obligations hereunder shall be unconditional,
irrespective of the validity, regularity or enforceability of the Notes or this Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of Notes with respect to any provisions hereof or thereof, any release of
any other Guarantor, the recovery of any judgment against the Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of a Guarantor. 

(b)    Each Guarantor hereby waives (to the extent permitted by law) the benefits of diligence, presentment, demand for
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 or any other Person, protest, notice and all demands whatsoever and covenants that the Note
Guarantee of such Guarantor shall not be discharged as to the Notes except by complete performance of the obligations contained in such Note, this Indenture and such Note Guarantee. Each Guarantor acknowledges that the Note Guarantee is a guarantee
of payment and not of collection. Each of the Guarantors hereby agrees that, in the event of a default in payment of principal (or premium, if any) or interest on such Note, whether at its Stated Maturity, by acceleration, purchase or otherwise,
legal proceedings may be instituted by the Trustee on behalf of, or by, the Holder of such Note, subject to the terms and conditions set forth in this Indenture, directly against each of the Guarantors to enforce such Guarantor’s Note Guarantee
without first proceeding against the Company or any other Guarantor. Each Guarantor agrees that if, after the occurrence and during the continuance of an Event of Default, the Trustee or any of the Holders are prevented by applicable law from
exercising their respective rights to accelerate the maturity of the Notes, to collect interest on the Notes, or to enforce or exercise any other right or remedy with respect to the Notes, such Guarantor will pay to the Trustee for the account of
the Holders, upon demand therefor, the amount that would otherwise have been due and payable had such rights and remedies been permitted to be exercised by the Trustee or any of the Holders. 

(c)    If any Holder or the Trustee is required by any court or otherwise to return to the Company or any Guarantor, or
any custodian, trustee, liquidator or other similar official acting in relation to either the Company or any Guarantor, any amount paid by any of them to the Trustee or such Holder, the Note Guarantee of each of the Guarantors, to the extent
theretofore discharged, shall be reinstated in full force and effect. Each Guarantor further agrees that, as between each Guarantor, on the one hand, and the Holders and the Trustee, on the other hand, (x) subject to this Article 10, the
maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 for the purposes of the Note Guarantee of such Guarantor, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of
the obligations guaranteed 

  
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hereby, and (y) in the event of any acceleration of such obligations as provided in Article 6, such obligations (whether or not due and payable) shall forthwith become due and payable by
each Guarantor for the purpose of the Note Guarantee of such Guarantor. 
 (d)    Each Note Guarantee shall remain in
full force and effect and continue to be effective should any petition be filed by or against the Company for liquidation or reorganization, should the Company become insolvent or make an assignment for the benefit of creditors or should a receiver
or trustee be appointed for all or any significant part of the Company’s assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated, as the case may be, if at any time payment and performance of the
Notes are, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee on the Notes, whether as a “voidable preference”, “fraudulent transfer” or otherwise, all as though
such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the Notes shall, to the fullest extent permitted by law, be reinstated and deemed reduced only by such
amount paid and not so rescinded, reduced, restored or returned. 
 (e)    The execution by each Guarantor of this
Indenture or a Supplemental Indenture evidences the Note Guarantee of such Guarantor, whether or not the person signing as an officer of such Guarantor still holds that office at the time of authentication of any Note. The delivery of any Note by
the Trustee after authentication constitutes due delivery of the Note Guarantee set forth in this Indenture on behalf of each Guarantor. 

Section 10.02.    Severability. In case any provision of any Note Guarantee shall be invalid, illegal or
unenforceable, the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 10.03.    Limitation of Liability. Each Guarantor and by its acceptance hereof each Holder confirms
that it is the intention of all such parties that the guarantee by each such Guarantor pursuant to its Note Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the
Uniform Fraudulent Transfer Act or any similar U.S. Federal or state law or the provisions of its local law relating to fraudulent transfer or conveyance. To effectuate the foregoing intention, the Holders and each such Guarantor hereby irrevocably
agree that the obligations of such Guarantor under its Note Guarantee shall be limited to the maximum amount that, 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 Note Guarantee or pursuant to its contribution obligations under this Indenture, will not result in the obligations of such
Guarantor under its Note Guarantee constituting such fraudulent transfer or conveyance. 

Section 10.04.    Contribution. In order to provide for just and equitable contribution among the Guarantors,
the Guarantors agree, inter se, that in the event any payment or distribution is made by any Guarantor under a Note Guarantee, such Guarantor will be entitled to a contribution from any other Guarantor in a pro rata amount based on the net assets of
each Guarantor determined in accordance with GAAP. 

  
 75 

 Section 10.05.    Subrogation. Each Guarantor shall be
subrogated to all rights of Holders against the Company in respect of any amounts paid by any Guarantor pursuant to the provisions of Section 10.01; provided, however, that if an Event of Default has occurred and is continuing, no
Guarantor shall be entitled to enforce or receive any payments arising out of, or based upon, such right of subrogation until all amounts then due and payable by the Company under this Indenture or the Notes shall have been paid in full. 

Section 10.06.    Reinstatement. Each Guarantor hereby agrees (and each Person who becomes a Guarantor shall
agree) that the Note Guarantee provided for in Section 10.01 shall continue to be effective or be reinstated, as the case may be, if at any time, payment, or any part thereof, of any obligations or interest thereon is rescinded or must
otherwise be restored by a Holder to the Company upon the bankruptcy or insolvency of the Company or any Guarantor. 

Section 10.07.    Benefits Acknowledged. Each Guarantor acknowledges that it will receive direct and indirect
benefits from the financing arrangements contemplated by this Indenture and that its respective Note Guarantee and waiver pursuant to its respective Note Guarantee is knowingly made in contemplation of such benefits. 

ARTICLE 11 

MISCELLANEOUS 

Section 11.01.    Trust Indenture Act of 1939. Except with respect to specific provisions of the Trust
Indenture Act expressly referenced in the provisions of this Indenture, or as otherwise required by the Trust Indenture Act, the Trust Indenture Act shall not be applicable to, and shall not govern, this Indenture and the Notes; provided that
in the event this Indenture has been qualified under the Trust Indenture Act, the Trust Indenture Act shall be applicable to, and shall govern, this Indenture and the Notes. 

Section 11.02.    Holder Communications; Holder Actions. 

(a)    The rights of Holders to communicate with other Holders with respect to this Indenture or the Notes are as provided
by the Trust Indenture Act. Neither the Company nor the Trustee will be held accountable by reason of any disclosure of information as to names and addresses of Holders made pursuant to the Trust Indenture Act, regardless of the source from which
such information was derived and such disclosure shall not be deemed to be a violation of existing law. 
 (b)    Any
request, demand, authorization, direction, notice, consent to amendment, supplement or waiver or other action provided by this Indenture to be given or taken by a Holder (an “act”) may be evidenced by an instrument signed by the
Holder delivered to the Trustee. The fact and date of the execution of the instrument, or the authority of the person executing it, may be proved in any manner that the Trustee deems sufficient. The Trustee may make reasonable rules for action by or
at a meeting of Holders, which will be binding on all the Holders. 

  
 76 

 (c)    Any act by the Holder of any Note binds that Holder and every
subsequent Holder of a Note that evidences the same debt as the Note of the acting Holder, even if no notation thereof appears on the Note. Subject to Section 11.02(d), a Holder may revoke an act as to its Notes, but only if the Trustee
receives the notice of revocation before the date the amendment or waiver or other consequence of the act becomes effective. 

(d)    The Company may, but is not obligated to, fix a record date (which need not be within the time limits otherwise
prescribed by Trust Indenture Act Section 316(c)) for the purpose of determining the Holders entitled to act with respect to any amendment or waiver or in any other regard, except that during the continuance of an Event of Default, only the
Trustee may set a record date as to notices of default, any declaration or acceleration or any other remedies or other consequences of the Event of Default. If a record date is fixed, those Persons that were Holders at such record date and only
those Persons will be entitled to act, or to revoke any previous act, whether or not those Persons continue to be Holders after the record date. No act will be valid or effective for more than 90 days after the record date. 

Section 11.03.    Notices. Except for notice or communications to Holders, any notice or communication shall
be given in writing and is duly given when received if delivered in person, when receipt is acknowledged if sent by facsimile, on the next Business Day if timely delivered by a nationally recognized courier service that guarantees overnight delivery
or two Business Days after deposit if mailed by first-class mail, postage prepaid, addressed as follows: 
 If to the Company and/or any
Guarantor: 
 Uber Technologies, Inc. 

1455 Market Street, Suite 400 

San Francisco, CA 94103 
 Attn:
Nelson Chai 
 Email: nchai@uber.com 

With a copy (which shall not constitute notice) to: 

Cooley LLP 
 101 California
Street 
 5th Floor 
 San
Francisco, CA 94111-5800 
 Attn: Gian-Michele a Marca 

Fax: (415) 693-2222 

If to the Trustee: 
 U.S. Bank
National Association 
 1 Federal Street 

Boston, MA 02110 

  
 77 

 Attn: Alison D.B. Nadeau 

Telephone: (617) 603-6553 

Email: Alison.Nadeau@USBank.com 

Such notices or communications shall be effective when actually received and shall be sufficiently given if so given within the time
prescribed in this Indenture. 
 The Company, and any Guarantor or the Trustee by written notice to the others may designate additional or
different addresses for subsequent notices or communications. 
 The Trustee shall have the right, but shall not be required, to rely upon
and comply with instructions and directions sent by email, facsimile and other similar unsecured electronic methods by persons believed by the Trustee to be authorized to give instructions and directions on behalf of the Company. The Trustee shall
have no duty or obligation to verify or confirm that the person who sent such instructions or directions is, in fact, a person authorized to give instructions on behalf of the Company; and the Trustee shall have no liability for any losses,
liabilities, costs or expenses incurred or sustained by the Company as a result of such reliance upon or compliance with such instructions or directions; provided that such reliance was in good faith. The Company agrees to assume all risks
arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and all the risk of interception and misuse by third
parties. 
 Any notice or communication mailed to a Holder shall be mailed to him by first-class mail, postage prepaid, at his address shown
on the register kept by the Registrar. Notwithstanding any other provision of this Indenture or any Note, where this Indenture or any Note provides for notice of any event (including any notice of redemption or repurchase) to a Holder of a Global
Note (whether by mail or otherwise), such notice shall be sufficiently given if given to DTC (or its designee) pursuant to the standing instructions from DTC or its designee, including by electronic mail in accordance with DTC operational
arrangements or other applicable Depositary procedures. 
 Failure to mail a notice or communication to a Holder or any defect in it shall
not affect its sufficiency with respect to other Holders. If a notice or communication to a Holder is mailed in the manner provided above, it shall be deemed duly given, whether or not the addressee receives it. 

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

In case by reason of the suspension of regular mail service, or by reason of any other cause, it shall be impossible to mail any notice as
required by this Indenture, then such method of notification as shall be made with the approval of the Trustee shall constitute a sufficient mailing of such notice. 

  
 78 

 Section 11.04.    Certificate and Opinion as to Conditions
Precedent. 
 Upon any request or application by the Company to the Trustee to take any action under this Indenture (other than the
authentication and delivery of the Initial Notes), the Company shall furnish to the Trustee: 
 (a)    an Officer’s
Certificate (which must include the statements set forth in Section 11.05) stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied
with; provided that no Opinion of Counsel shall be required to be delivered in connection with (1) the original issuance of Notes on the Issue Date under this Indenture, (2) the exchange of the restricted CUSIP of the
restricted securities to an unrestricted CUSIP pursuant to the applicable procedures of the Depositary upon the Notes becoming freely tradable by non-Affiliates of the Company under Rule 144, or (3) a
request by the Company that the Trustee deliver a notice to Holders under the Indenture where the Trustee receives an Officer’s Certificate with respect to such notice. With respect to matters of fact, an Opinion of Counsel may rely on an
Officer’s Certificate or certificates of public officials; and 
 (b)    an Opinion of Counsel (which must include
the statements set forth in Section 11.05) stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 

Section 11.05.    Statements Required in Certificate and Opinion. Each certificate or opinion with respect to
compliance with a condition or covenant provided for in this Indenture (other than a certificate provided pursuant to Sections 4.03, 4.10, 4.12, 4.15, 6.01 or 9.02) must include: 

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

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

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

 Section 11.06.    Rules by Trustee and Agents. The Trustee may make reasonable rules for action by or at
a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set reasonable requirements for its functions. 

  
 79 

 Section 11.07.    No Personal Liability of Directors, Officers,
Employees and Stockholders. No director, officer, employee or stockholder of the Company or any of the Guarantors, as such, will have any liability for any of the Company’s or such Guarantor’s obligations under the Notes or this
Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for
issuance of the Notes. 
 Section 11.08.    Governing Law; Waiver of Jury Trial. 

THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE, THE NOTES AND THE NOTE GUARANTEES, AND ANY CLAIM,
CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS INDENTURE, THE NOTES OR THE NOTE GUARANTEES, WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE
REQUIRED THEREBY. 
 THE COMPANY AND THE GUARANTORS HEREBY CONSENT TO THE NON-EXCLUSIVE JURISDICTION
OF ANY COURT OF THE STATE OF NEW YORK OR ANY U.S. FEDERAL COURT, IN EACH CASE, SITTING IN THE BOROUGH OF MANHATTAN, THE CITY OF NEW YORK, NEW YORK, UNITED STATES, AND ANY APPELLATE COURT FROM ANY THEREOF. 

EACH PARTY HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY
LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, OR IN CONNECTION WITH THIS INDENTURE. 
 Section 11.09.    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 11.10.    Successors. All agreements of the Company in this
Indenture and the Notes will bind its successors. All agreements of the Trustee in this Indenture will bind its successors. All agreements of each Guarantor in this Indenture will bind its successors, except as otherwise provided in
Section 4.11. 
 Section 11.11.    Separability. In case any provision in this Indenture or in the
Notes is invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired thereby. 

Section 11.12.    Counterpart Originals. The parties may execute any number of copies of this Indenture by
manual or facsimile signature. Each signed copy will be an original, but all of them together represent the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective
execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures
for all purposes. 

  
 80 

 Section 11.13.    Table of Contents, Headings, Etc. The
Table of Contents and Headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part of this Indenture and will in no way modify or restrict any of the terms or
provisions hereof. 
 Section 11.14.    USA Patriot Act. The Company and the Guarantors acknowledge that in
accordance with Section 326 of the U.S.A. PATRIOT Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies
each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee to satisfy the
requirements of the U.S.A. PATRIOT Act. 
 Section 11.15.    Calculations. The Company shall be responsible
for making all calculations called for under the Notes or this Indenture. The Company shall provide a copy of its calculations to each of the Trustee and the Paying Agent (if other than the Trustee), and each of the Trustee and the Paying Agent is
entitled to rely conclusively upon the accuracy of such calculations without independent verification. 

Section 11.16.    Legal Holidays. In any case an Interest Payment Date, Change of Control Payment Date,
Redemption Date, maturity date or any other date of any payment required to be made on the Notes shall be a Legal Holiday, then each such payment need not be made on such date, but shall be made on the next succeeding Business Day with the same
force and effect as if made on the date of such payment and no additional interest shall accrue as a result of such delay in payment. 

[Signatures on following page] 

  
 81 

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

			
	UBER TECHNOLOGIES, INC.
		
	By:	 	 /s/ Nelson Chai

		 	Name: Nelson Chai
		 	Title:   Chief Financial Officer

  
 [Signature Page to
Indenture] 

 
					
	GUARANTOR:
		
	        	 	RASIER, LLC
			
		 	By:	 	 /s/ Keir Gumbs

		 		 	Name: Keir Gumbs
		 		 	Title:   Manager

  
 [Signature Page to
Indenture] 

 
					
	 U.S. BANK NATIONAL

      ASSOCIATION, as Trustee

		
	By:	 	 /s/ Steven J. Gomes

		 	Name:	 	Steven J. Gomes
		 	Title:	 	Vice President

  
 [Signature Page to
Indenture] 

 EXHIBIT A 

[FORM OF NOTE] 
 [FACE OF NOTE]

 CUSIP No. [144A: 90353T AE0, Reg S: U9029Y AC4] 

UBER TECHNOLOGIES, INC. 
  

			
	 No. [    ]
	 	[Initially]1 $[        ]

 7.500% Senior Notes due 2027 

UBER TECHNOLOGIES, INC., a Delaware corporation, as issuer (the “Company”, which term includes any successor under the
Indenture hereinafter referred to), for value received, promises to pay to [                    ] [CEDE & CO.]1, or its registered assigns, the principal sum of                      DOLLARS
($        ) [(or such other amount as indicated on the Schedule of Exchanges of Notes attached hereto)]1 on September 15, 2027. 

Interest Rate: 7.500% per annum. 

Interest Payment Dates: March 15 and September 15, commencing on March 15, 2020. 

Regular Record Dates: March 1 and September 1 

Reference is made to the further provisions of this Note set forth on the reverse hereof, which will for all purposes have the same effect as
if set forth at this place. 
  
  

	1 	 For Global Notes 

	1 	 For Global Notes 

	1 	 For Global Notes 

  
 A-1 

 IN WITNESS WHEREOF, the COMPANY has caused this Note to be signed manually or by facsimile
by one of its duly authorized officers. 
  

			
	UBER TECHNOLOGIES, INC.
		
	By:	 	 

                     

		 	Name:
		 	Title:

  
 A-2 

 (Form of Trustee’s Certificate of Authentication) 

This is one of the 7.500% Senior Notes due 2027 referred to in the within-mentioned Indenture. 

 

			
	 U.S. BANK NATIONAL

      ASSOCIATION, as Trustee

		
	By:	 	
                     

		 	Authorized Signatory

 Dated: September 17, 2019 

  
 A-3 

 [FORM OF REVERSE OF NOTE] 

UBER TECHNOLOGIES, INC. 
 7.500%
SENIOR NOTE DUE 2027 
 1.    Principal and Interest. 

The Company promises to pay the principal of this Note on September 15, 2027. 

The Company promises to pay, until the principal hereof is paid or made available for payment, interest on the principal amount set forth on
the face hereof at a rate of 7.500% per annum. Interest will accrue from, and including, the most recent date to which interest has been paid or, if no interest has been paid, from and including September 17, 2019 to, but excluding, the date on
which interest is paid. Interest shall be payable in arrears on each March 15 and September 15, commencing on March 15, 2020, to the Holders of record of the Notes at the close of business on the March 1 or September 1
immediately preceding the Interest Payment Date. Interest will be computed on the basis of a 360-day year composed of twelve 30-day months. 

The Company will pay interest on overdue principal, premium, if any, and, to the extent lawful, interest at the rate per annum specified in
the front page of this Note. Interest not paid when due and any interest on principal, premium or interest not paid when due will be paid to the Persons that are Holders on a special record date, which will be the 15th day preceding the date fixed
by the Company for the payment of such interest, whether or not such day is a Business Day. At least 15 days before a special record date, the Company will send to each Holder and to the Trustee a notice that sets forth the special record date, the
payment date and the amount of interest to be paid. 
 2.    Paying Agent and Registrar. Initially, U.S. Bank
National Association (the “Trustee”) will act as Paying Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to the Holders. The Company or any of its Subsidiaries may act as Paying Agent or
Registrar, subject to certain exceptions. 
 3.    Indenture; Note Guarantees. 

The Company issued the Notes under an Indenture dated as of September 17, 2019 (the “Indenture”) among the Company, the
Guarantors and the Trustee. This is one of the Notes of the Company issued under the Indenture. 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. The Notes are
subject to all such terms, and Holders are referred to the Indenture and the Trust Indenture Act for a statement of all such terms. To the extent permitted by applicable law, in the event of any inconsistency between the terms of this Note and the
terms of the Indenture, the terms of the Indenture will control. Capitalized and certain other terms used and not otherwise defined herein have the meanings set forth in the Indenture. 

  
 A-4 

 The Company’s obligations under the Notes are jointly and severally, fully and
unconditionally guaranteed, to the extent set forth in the Indenture, by each of the Guarantors. 
 4.    Optional
Redemption. This Note is subject to redemption, and may be the subject of an offer to purchase, as further described in the Indenture. 

5.    Denominations, Transfer, Exchange. The Notes shall be issuable only in fully registered form without coupons
in denominations of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder may transfer or exchange Notes in accordance with the Indenture. 

6.    Amendment, Supplement, Waiver, Etc. Subject to certain exceptions, the Indenture and the Notes may be
amended, or default may be waived, with the consent of the Holders of a majority in principal amount of the outstanding Notes. Without notice to or the consent of any Holder, the Company and the Trustee may amend or supplement the Indenture or the
Notes to, among other things, cure any ambiguity, defect or inconsistency. 
 7.    Defaults and Remedies. If an
Event of Default, as defined in the Indenture, occurs and is continuing, the Trustee or the Holders of at least 30% in principal amount of the Notes may declare all the Notes to be due and payable, subject to the terms of the Indenture. If a
bankruptcy or insolvency default with respect to the Company occurs and is continuing, the Notes automatically become due and payable. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. The Trustee may require
indemnity satisfactory to it before it enforces the Indenture or the Notes. Subject to certain limitations, Holders of a majority in principal amount of the Notes then outstanding may direct the Trustee in its exercise of remedies. 

8.    Governing Law. THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS NOTE, AND
ANY CLAIM, CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS NOTE, WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

9.    Abbreviations. Customary abbreviations may be used in the name of a Holder or an assignee, such as: TEN COM
(= tenants in common), TENANT (= 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). 

  
 A-5 

 [FORM OF TRANSFER NOTICE] 

FOR VALUE RECEIVED the undersigned registered holder hereby sell(s), assign(s) and transfer(s) unto 

Insert Taxpayer Identification No. 
  

	
	 
	 Please print or typewrite name and address including zip code of assignee 

 

	 the within Note and all rights thereunder, hereby irrevocably constituting and
appointing
  
  

 attorney to transfer said Note on the books of the Company with full power of substitution in the premises. 

  
 A-6 

 [THE FOLLOWING PROVISION TO BE INCLUDED ON ALL CERTIFICATES BEARING A RESTRICTED LEGEND] 

In connection with any transfer of this Note, the undersigned confirms that such transfer is made without utilizing any general solicitation
or general advertising and further as follows: 
 Check One 

☐    (1) This Note is being transferred to a “qualified institutional buyer” in compliance with Rule 144A under the
Securities Act of 1933, as amended and certification in the form of Exhibit E to the Indenture is being furnished herewith. 

☐    (2) This Note is being transferred to a Non-U.S. Person in compliance with the
exemption from registration under the Securities Act of 1933, as amended, provided by Regulation S thereunder, and certification in the form of Exhibit E to the Indenture is being furnished herewith. 

or 
 ☐    (3)
This Note is being transferred other than in accordance with (1) or (2) above and documents are being furnished which comply with the conditions of transfer set forth in this Note and the Indenture. 

If none of the foregoing boxes is checked, the Trustee is not obligated to register this Note in the name of any Person other than the Holder
hereof unless and until the conditions to any such transfer of registration set forth herein and in the Indenture have been satisfied. 
 Date:
                     
  

			
	  
 Seller

		
	By	 	  

 NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within-mentioned instrument in every particular, without alteration or any change whatsoever. 

  
 A-7 

					
	Signature Guarantee:5	 	  

			
		 	By	 	
                     
                                        

		 	To be executed by an executive officer

  
  

	5 	 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements
of the Registrar, which requirements include membership or participation in the Securities Transfer Association 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-8 

 OPTION OF HOLDER TO ELECT REPURCHASE 

If you wish to have all of this Note repurchased by the Company pursuant to Section 4.10 of the Indenture, check the
box:  ☐ 
 Date:                     

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

Signature Guarantee:1
                                         
                
  

 

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

  
 A-9 

 SCHEDULE OF EXCHANGES OF NOTES1

 The following exchanges of a part of this Global Note for Certificated Notes or a part of another Global Note have been made: 

 

									
	 Date of

Exchange
	 	 Amount of

decrease

in principal

amount

of this Global

Note
	 	 Amount of

increase

in principal

amount

of this Global

Note
	 	 Principal

amount of

this Global

Note
 following

such

decrease (or

increase)
	 	 Signature of

authorized

signatory of

Trustee

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  
  

	1 	 For Global Notes 

  
 A-10 

 EXHIBIT B 

[FORM OF RESTRICTED LEGEND] 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE
OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH THE FOLLOWING SENTENCE. BY ITS ACQUISITION HEREOF OR OF A BENEFICIAL INTEREST HEREIN, THE ACQUIRER: 

(1)     REPRESENTS THAT: 

(A)     IT AND ANY ACCOUNT FOR WHICH IT IS ACTING IS A “QUALIFIED INSTITUTIONAL BUYER” (WITHIN THE
MEANING OF RULE 144A UNDER THE SECURITIES ACT) AND THAT IT EXERCISES SOLE INVESTMENT DISCRETION WITH RESPECT TO EACH SUCH ACCOUNT, 
 (B)
    IT IS AN INSTITUTIONAL “ACCREDITED INVESTOR” (WITHIN THE MEANING OF RULE 501(a) (1), (2), (3) OR (7) UNDER THE SECURITIES ACT) (AN “INSTITUTIONAL ACCREDITED INVESTOR”) OR 

(C)    IT IS NOT A U.S. PERSON (WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT) AND 

(2)    AGREES FOR THE BENEFIT OF THE COMPANY THAT IT WILL NOT OFFER, SELL, PLEDGE OR OTHERWISE TRANSFER THIS NOTE OR ANY
BENEFICIAL INTEREST HEREIN, EXCEPT IN ACCORDANCE WITH THE SECURITIES ACT AND ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES AND ONLY: 

(A)    TO THE COMPANY OR ANY OF ITS SUBSIDIARIES, 

(B)    PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BECOME EFFECTIVE UNDER THE SECURITIES ACT, 

(C)    TO A QUALIFIED INSTITUTIONAL BUYER IN COMPLIANCE WITH RULE 144A UNDER THE SECURITIES ACT, 

(D)    IN AN OFFSHORE TRANSACTION IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, 

(E)    IN A PRINCIPAL AMOUNT OF NOT LESS THAN $100,000, TO AN INSTITUTIONAL ACCREDITED INVESTOR THAT, PRIOR TO SUCH
TRANSFER, DELIVERS TO THE TRUSTEE A DULY COMPLETED AND SIGNED CERTIFICATE (THE FORM OF WHICH MAY BE OBTAINED FROM THE COMPANY) RELATING TO THE RESTRICTIONS ON TRANSFER OF THIS NOTE, OR 

  
 B-1 

 (F)    PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144
UNDER THE SECURITIES ACT OR ANY OTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 
 PRIOR TO THE
REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH (2)(C) ABOVE OR (2)(D) ABOVE, A DULY COMPLETED AND SIGNED CERTIFICATE (THE FORM OF WHICH MAY BE OBTAINED FROM THE COMPANY) MUST BE DELIVERED TO THE TRUSTEE. PRIOR TO THE REGISTRATION OF ANY TRANSFER IN
ACCORDANCE WITH (2)(E) OR (F) ABOVE, THE COMPANY RESERVES THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL OPINIONS, CERTIFICATIONS OR OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN
COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO REPRESENTATION IS MADE AS TO THE AVAILABILITY OF ANY RULE 144 EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 

  
 B-2 

 EXHIBIT C 

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

TRANSFERS OF THIS GLOBAL NOTE ARE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF CEDE & CO. OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE ARE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE TRANSFER PROVISIONS OF THE INDENTURE. 

  
 C-1 

 EXHIBIT D 

Regulation S Certificate 

            , 20     

U.S. Bank National Association 
 as Trustee and Registrar 

1 Federal Street 
 Boston, MA 02110 

Phone: (617) 603-6553 

Email: Alison.Nadeau@USBank.com 
  

			
	Re:	  	 Uber Technologies, Inc.
 7.500% Senior Notes due
2027 (the “Notes”)
 Issued under the Indenture (the “Indenture”) dated as

of September 17, 2019 relating to the Notes                

 Ladies and Gentlemen: 

Terms are used in this Certificate as used in Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the
“Securities Act”), except as otherwise stated herein. 
 [CHECK A OR B AS APPLICABLE.] 

 

	 	☐  A.	 This Certificate relates to our proposed transfer of $        
principal amount of Notes issued under the Indenture. We hereby certify as follows: 

  

	 	1.	 The offer and sale of the Notes was not and will not be made to a person in the United States (unless such
person is excluded from the definition of “U.S. person” pursuant to Rule 902(k)(2)(vi) or the account held by it for which it is acting is excluded from the definition of “U.S. person” pursuant to Rule 902(k)(2)(i) under the
circumstances described in Rule 902(h)(3)) and such offer and sale was not and will not be specifically targeted at an identifiable group of U.S. citizens abroad. 

 

	 	2.	 Unless the circumstances described in the parenthetical in paragraph 1 above are applicable, either (a) at
the time the buy order was originated, the buyer was outside the United States or we and any person acting on our behalf reasonably believed that the buyer was outside the United States or (b) the transaction was executed in, on or through the
facilities of a designated offshore securities market, and neither we nor any person acting on our behalf knows that the transaction was pre-arranged with a buyer in the United States. 

  
 D-1 

	 	3.	 Neither we, any of our affiliates, nor any person acting on our or their behalf has made any directed selling
efforts in the United States with respect to the Notes. 

  

	 	4.	 The proposed transfer of Notes is not part of a plan or scheme to evade the registration requirements of the
Securities Act. 

  

	 	5.	 If we are a dealer or a person receiving a selling concession, fee or other remuneration in respect of the
Notes, and the proposed transfer takes place during the Restricted Period (as defined in the Indenture), or we are an officer or director of the Company (as defined in the Indenture), we certify that the proposed transfer is being made in accordance
with the provisions of Rule 904(b) of Regulation S. 

  

	 	☐  B.	 This Certificate relates to our proposed exchange of $        
principal amount of Notes issued under the Indenture for an equal principal amount of Notes to be held by us. We hereby certify as follows: 

  

	 	1.	 At the time the offer and sale of the Notes was made to us, either (i) we were not in the United States or
(ii) we were excluded from the definition of “U.S. person” pursuant to Rule 902(k)(2)(vi) or the account held by us for which we were acting was excluded from the definition of “U.S. person” pursuant to Rule 902(k)(2)(i)
under the circumstances described in Rule 902(h)(3); and we were not a member of an identifiable group of U.S. citizens abroad. 

  

	 	2.	 Unless the circumstances described in paragraph 1(ii) above are applicable, either (a) at the time our buy
order was originated, we were outside the United States or (b) the transaction was executed in, on or through the facilities of a designated offshore securities market and we did not pre-arrange the
transaction in the United States. 

  

	 	3.	 The proposed exchange of Notes is not part of a plan or scheme to evade the registration requirements of the
Securities Act. 

 You and the Company are entitled to rely upon this Certificate and are irrevocably authorized to
produce this Certificate or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby. 

Very truly yours, 

  
 D-2 

 
			
	 [NAME OF SELLER (FOR TRANSFERS) OR OWNER (FOR EXCHANGES)]

		
	By:	 	
                     
                            

		 	Name:
		 	Title:
		 	Address:

 Date:
                     

  
 D-3 

 EXHIBIT E 

Rule 144A Certificate 

            , 20     

U.S. Bank National Association 
 as Trustee and Registrar 

1 Federal Street 
 Boston, MA 02110 

Phone: (617) 603-6553 

Email: Alison.Nadeau@USBank.com 
  

			
	Re:	  	 Uber Technologies, Inc.
 7.500% Senior Notes due
2027 (the “Notes”)
 Issued under the Indenture (the “Indenture”) dated as

of September 17, 2019 relating to the Notes                

 Ladies and Gentlemen: 

This Certificate relates to: 

[CHECK A OR B AS APPLICABLE.] 
  

	 	☐  A.	 Our proposed purchase of $         principal amount of Notes issued
under the Indenture. 

  

	 	☐  B.	 Our proposed exchange of $         principal amount of Notes issued
under the Indenture for an equal principal amount of Notes to be held by us. 

 We and, if applicable, each account for
which we are acting in the aggregate owned and invested more than $100,000,000 in securities of issuers that are not affiliated with us (or such accounts, if applicable), as of
            , 20    , which is a date on or since close of our most recent fiscal year. We and, if applicable, each account for which we are acting, are a qualified
institutional buyer within the meaning of Rule 144A (“Rule 144A”) under the Securities Act of 1933, as amended (the “Securities Act”). If we are acting on behalf of an account, we exercise sole investment discretion
with respect to such account. We are aware that the transfer of Notes to us, or such exchange, as applicable, is being made in reliance upon the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A. Prior to
the date of this Certificate we have received such information regarding the Company as we have requested pursuant to Rule 144A(d)(4) or have determined not to request such information. 

  
 E-1 

 You and the Company are entitled to rely upon this Certificate and are irrevocably
authorized to produce this Certificate or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby. 

 

			
	Very truly yours,
	
	 [NAME OF PURCHASER (FOR TRANSFERS) OR OWNER (FOR EXCHANGES)]

		
	By:	 	
                     
                    

		 	Name:
		 	Title:
		 	Address:

 Date:
                     

  
 E-2 

 EXHIBIT F 

Institutional Accredited Investor Certificate 

U.S. Bank National Association 
 as Trustee and Registrar 

1 Federal Street 
 Boston, MA 02110 

Phone: (617) 603-6553 

Email: Alison.Nadeau@USBank.com 
  

			
	Re:	  	 Uber Technologies, Inc.
 7.500% Senior Notes due
2027 (the “Notes”)
 Issued under the Indenture (the “Indenture”) dated as

of September 17, 2019 relating to the Notes                

 Ladies and Gentlemen: 

This Certificate relates to: 

[CHECK A OR B AS APPLICABLE.] 
  

	 	☐  A.	 Our proposed purchase of $         principal amount of Notes issued
under the Indenture. 

  

	 	☐  B.	 Our proposed exchange of $         principal amount of Notes issued
under the Indenture for an equal principal amount of Notes to be held by us. 

 We hereby confirm that: 

 

	 	1.	 We are an institutional “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or
(7) under the Securities Act of 1933, as amended (the “Securities Act”) (an “Institutional Accredited Investor”). 

  

	 	2.	 Any acquisition of Notes by us will be for our own account or for the account of one or more other
Institutional Accredited Investors as to which we exercise sole investment discretion. 

  

	 	3.	 We have such knowledge and experience in financial and business matters that we are capable of evaluating the
merits and risks of an investment in the Notes and we and any accounts for which we are acting are able to bear the economic risks of and an entire loss of our or their investment in the Notes. 

 

	 	4.	 We are not acquiring the Notes with a view to any distribution thereof in a transaction that would violate the
Securities Act or the securities laws of any State of the United States or any other applicable jurisdiction; 

  
 F-1 

	 	
provided that the disposition of our property and the property of any accounts for which we are acting as fiduciary will remain at all times within our and their control.

  

	 	5.	 We acknowledge that the Notes have not been registered under the Securities Act and that the Notes may not be
offered or sold within the United States or to or for the benefit of U.S. persons except as set forth below. 

  

	 	6.	 The principal amount of Notes to which this Certificate relates is at least equal to $100,000.

 We agree for the benefit of the Company, on our own behalf and on behalf of each account for which we are acting, that
such Notes may be offered, sold, pledged or otherwise transferred only in accordance with the Securities Act and any applicable securities laws of any State of the United States and only (a) to the Company or any of its Subsidiaries,
(b) pursuant to a registration statement which has become effective under the Securities Act, (c) to a qualified institutional buyer in compliance with Rule 144A under the Securities Act, (d) in an offshore transaction in compliance
with Rule 904 of Regulation S under the Securities Act, (e) in a principal amount of not less than $100,000, to an Institutional Accredited Investor that, prior to such transfer, delivers to the Trustee a duly completed and signed certificate
(the form of which may be obtained from the Trustee) relating to the restrictions on transfer of the Notes or (f) pursuant to an exemption from registration provided by Rule 144 under the Securities Act or any other available exemption from the
registration requirements of the Securities Act. 
 Prior to the registration of any transfer in accordance with (c) or (d) above, we
acknowledge that a duly completed and signed certificate (the form of which may be obtained from the Trustee) must be delivered to the Trustee. Prior to the registration of any transfer in accordance with (e) or (f) above, we acknowledge that
the Company reserves the right to require the delivery of such legal opinions, certifications or other evidence as may reasonably be required in order to determine that the proposed transfer is being made in compliance with the Securities Act and
applicable state securities laws. We acknowledge that no representation is made as to the availability of any Rule 144 exemption from the registration requirements of the Securities Act. 

We understand that the Trustee will not be required to accept for registration of transfer any Notes acquired by us, except upon presentation
of evidence satisfactory to the Company and the Trustee that the foregoing restrictions on transfer have been complied with. We further understand that the Notes acquired by us will be in the form of definitive physical certificates and that such
certificates will bear a legend reflecting the substance of the preceding paragraph. We further agree to provide to any person acquiring any of the Notes from us a notice advising such person that resales of the Notes are restricted as stated herein
and that certificates representing the Notes will bear a legend to that effect. 

  
 F-2 

 We agree to notify you promptly in writing if any of our acknowledgments, representations or
agreements herein ceases to be accurate and complete. 
 We represent to you that we have full power to make the foregoing acknowledgments,
representations and agreements on our own behalf and on behalf of any account for which we are acting. 
 You and the Company are entitled
to rely upon this Certificate and are irrevocably authorized to produce this Certificate or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby. 

 

			
	Very truly yours,
	
	 [NAME OF PURCHASER (FOR TRANSFERS) OR OWNER (FOR EXCHANGES)]

		
	By:	 	  

		 	Name:
		 	Title:
		 	Address:

 Date:
                     
 Upon
transfer, the Notes would be registered in the name of the new beneficial owner as follows: 
  

			
	By: 	 	
                     
                    

		
	Date: 	 	
                     
                    

			
	
	Taxpayer ID number:                               
                                

  
 F-3 

 EXHIBIT G 

[COMPLETE FORM I OR FORM II AS APPLICABLE.] 

[FORM I] 
 Certificate
of Beneficial Ownership 
  

	To:	 U.S. Bank National Association 

as Trustee and Registrar 
 1
Federal Street 
 Boston, MA 02110 

Phone: (617) 603-6553 

Email: Alison.Nadeau@USBank.com 
 OR 

[Name of DTC Participant] 
  

	Re:	 Uber Technologies, Inc. 

7.500% Senior Notes due 2027 (the “Notes”) 

Issued under the Indenture (the “Indenture”) dated as 

of September 17, 2019 relating to the
Notes                     
 Ladies and Gentlemen: 

We are the beneficial owner of $         principal amount of Notes issued under the Indenture and
represented by an Offshore Global Note (as defined in the Indenture). 
 We hereby certify as follows: 

[CHECK A OR B AS APPLICABLE.] 
  

	 	☐  A.	 We are a non-U.S. person (within the meaning of Regulation S under the
Securities Act of 1933, as amended). 

  

	 	☐  B.	 We are a U.S. person (within the meaning of Regulation S under the Securities Act of 1933, as amended) that
purchased the Notes in a transaction that did not require registration under the Securities Act of 1933, as amended. 

You and the Company are entitled to rely upon this Certificate and are irrevocably authorized to produce this Certificate or a copy hereof to
any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered hereby. 

  
 G-1 

			
	Very truly yours,
	
	[NAME OF BENEFICIAL OWNER]
		
	By:	 	  

		 	Name:
		 	Title:
		 	Address:

 Date:
                     

  
 G-2 

 [FORM II] 

Certificate of Beneficial Ownership 
  

	To:	 U.S. Bank National Association as Trustee and 

Registrar 
 1 Federal Street 

Boston, MA 02110 
 Phone: (617) 603-6553 
 Email: Alison.Nadeau@USBank.com 

 

	Re:	 Uber Technologies, Inc. 

7.500% Senior Notes due 2027 (the “Notes”) 

Issued under the Indenture (the “Indenture”) dated as 

of September 17, 2019 relating to the
Notes                     
 Ladies and Gentlemen: 

This is to certify that based solely on certifications we have received in writing, by tested telex or by electronic transmission from
Institutions appearing in our records as persons being entitled to a portion of the principal amount of Notes represented by an Offshore Global Note issued under the above-referenced Indenture, that as of the date hereof,
$         principal amount of Notes represented by the Offshore Global Note being submitted herewith for exchange is beneficially owned by persons that are either
(i) non-U.S. persons (within the meaning of Regulation S under the Securities Act of 1933, as amended) or (ii) U.S. persons that purchased the Notes in a transaction that did not require registration
under the Securities Act of 1933, as amended. 
 We further certify that (i) we are not submitting herewith for exchange any portion of
such Offshore Global Note excepted in such certifications and (ii) as of the date hereof we have not received any notification from any Institution to the effect that the statements made by such Institution with respect to any portion of such
Offshore Global Note submitted herewith for exchange are no longer true and cannot be relied upon as of the date hereof. 
 You and the
Company are entitled to rely upon this Certificate and are irrevocably authorized to produce this Certificate or a copy hereof to any interested party in any administrative or legal proceeding or official inquiry with respect to the matters covered
hereby. 
  

			
	Yours faithfully,
	
	[Name of DTC Participant]
		
	By:	 	  

		 	Name:
		 	Title:
		 	Address:

 Date:
                     

  
 G-3 

 EXHIBIT H 

SUPPLEMENTAL INDENTURE 

dated as of             , 20     

among 
 Uber Technologies, Inc.,

 The Guarantor(s) Party Hereto 

and 
 U.S. Bank National
Association, 
 as Trustee 
  

 
 7.500% Senior
Notes due 2027 

  
 H-1 

 THIS SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), entered into
as of             , 20    , among UBER TECHNOLOGIES, INC., a Delaware corporation (the “Company”), [insert each Guarantor executing this Supplemental
Indenture and its jurisdiction of incorporation] (each, an “Undersigned”) and U.S. BANK NATIONAL ASSOCIATION, as trustee (the “Trustee”). 

RECITALS 
 WHEREAS, the
Company, the Guarantors party thereto and the Trustee entered into the Indenture, dated as of September 17, 2019 (the “Indenture”), relating to the Company’s 7.500% Senior Notes due 2027 (the “Notes”); 

WHEREAS, as a condition to the Trustee entering into the Indenture and the purchase of the Notes by the Holders, the Company agreed pursuant
to the Indenture to cause its Restricted Subsidiaries to provide Guarantees in certain circumstances. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the premises and mutual covenants herein contained and intending to be legally bound, the parties to this
Supplemental Indenture hereby agree as follows: 
 Section 1. Capitalized terms used herein and not otherwise defined herein are used
as defined in the Indenture. 
 Section 2. Each Undersigned, by its execution of this Supplemental Indenture, agrees to be a Guarantor
under the Indenture and to be bound by the terms of the Indenture applicable to Guarantors, including, but not limited to, Article 10 thereof. 

Section 3. THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE, AND ANY CLAIM,
CONTROVERSY OR DISPUTE ARISING UNDER OR RELATED TO THIS SUPPLEMENTAL INDENTURE, WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

EACH OF THE COMPANY, THE UNDERSIGNED AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL
RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE INDENTURE, THE NOTES, THE NOTE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 

Section 4. This Supplemental Indenture may be signed in various counterparts that together will constitute one and the same instrument.
The exchange of copies of this Supplemental Indenture and of signature pages by facsimile or portable document format 

  
 H-2 

 
(“PDF”) transmission shall constitute effective execution and delivery of this Supplemental Indenture as to the parties hereto and may be used in lieu of the original
Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

Section 5. This Supplemental Indenture is an amendment supplemental to the Indenture and the Indenture and this Supplemental Indenture
will henceforth be read together. 
 Section 6. The Trustee shall not be responsible in any manner whatsoever for or in respect of the
validity or sufficiency of this Supplemental Indenture, the Note Guarantee of the Undersigned or for or in respect of the recitals contained herein, all of which recitals are made solely by the Company and the Undersigned. All of the provisions
contained in the Indenture in respect of the rights, privileges, immunities, powers, and duties of the Trustee shall be applicable in respect of this Supplemental Indenture as fully and with like force and effect as though fully set forth in full
herein. 
 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first above
written. 
  

			
	UBER TECHNOLOGIES, INC., as Issuer
		
	By:	 	
                     
                   

		 	Name:
		 	Title:
	
	[GUARANTOR]
		
	By:	 	
                     
                   

		 	Name:
		 	Title:
	
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By:	 	
                     
                   

		 	Name:
		 	Title:

  
 H-3

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