Document:

EX-10.2

 EXHIBIT 10.2 

EXECUTION VERSION 
  

 
  

ENABLE MIDSTREAM PARTNERS, LP, 

AS ISSUER, 

CENTERPOINT ENERGY RESOURCES CORP., 

AS GUARANTOR 

AND 

U.S. BANK NATIONAL ASSOCIATION, 

AS TRUSTEE 
  

 
 First
Supplemental Indenture 
 Dated as of May 27, 2014 

to 
 Indenture 

Dated as of May 27, 2014 
  

 
 2.400% Senior
Notes due 2019 
 3.900% Senior Notes due 2024 

5.000% Senior Notes due 2044 
  

 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE 1 RELATION TO ORIGINAL INDENTURE; DEFINITIONS
	  	 	1	  
			
	 Section 1.01
	 	Relation to Original Indenture	  	 	1	  
			
	 Section 1.02
	 	Generally	  	 	1	  
			
	 Section 1.03
	 	Definitions	  	 	2	  
		
	 ARTICLE 2 ESTABLISHMENT OF SERIES; NOTES
	  	 	5	  
			
	 Section 2.01
	 	Establishment	  	 	5	  
			
	 Section 2.02
	 	Authentication and Delivery	  	 	6	  
			
	 Section 2.03
	 	Payment of Principal and Interest	  	 	6	  
			
	 Section 2.04
	 	Denominations	  	 	6	  
			
	 Section 2.05
	 	Place of Payment and Paying Agent	  	 	7	  
			
	 Section 2.06
	 	Amount Not Limited	  	 	7	  
			
	 Section 2.07
	 	Transfer and Exchange	  	 	7	  
		
	 ARTICLE 3 CERC SUBORDINATED GUARANTEE
	  	 	16	  
			
	 Section 3.01
	 	Subordinated Guarantee of Collection	  	 	16	  
			
	 Section 3.02
	 	Exhaustion of Other Remedies Required	  	 	16	  
			
	 Section 3.03
	 	Guaranteed Obligations Absolute	  	 	16	  
			
	 Section 3.04
	 	Subordination	  	 	16	  
			
	 Section 3.05
	 	Reinstatement	  	 	18	  
			
	 Section 3.06
	 	Release and Discharge	  	 	18	  
			
	 Section 3.07
	 	Execution of First Supplemental Indenture; Validity of Subordinated Guarantee of Collection	  	 	19	  
			
	 Section 3.08
	 	Definitions	  	 	19	  
		
	 ARTICLE 4 REDEMPTION; SINKING FUND
	  	 	21	  
			
	 Section 4.01
	 	Optional Redemption	  	 	21	  
			
	 Section 4.02
	 	Mandatory Redemption	  	 	21	  
		
	 ARTICLE 5 COVENANT SUPPLEMENTS
	  	 	21	  
			
	 Section 5.01
	 	Limitation on Liens	  	 	21	  
			
	 Section 5.02
	 	Restriction of Sale-Leaseback Transaction	  	 	23	  
		
	 ARTICLE 6 AMENDMENTS TO ORIGINAL INDENTURE
	  	 	24	  
			
	 Section 6.01
	 	Defeasance and Covenant Defeasance	  	 	24	  
			
	 Section 6.02
	 	Reports by Company	  	 	24	  
			
	 Section 6.03
	 	Consolidation, Merger and Sales	  	 	25	  
			
	 Section 6.04
	 	Successor Person Substituted	  	 	26	  

  
 -i- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 ARTICLE 7 MISCELLANEOUS PROVISIONS
	  	 	26	  
			
	 Section 7.01
	 	Recitals by Company and the Guarantor	  	 	26	  
			
	 Section 7.02
	 	Ratification and Incorporation of Original Indenture	  	 	26	  
			
	 Section 7.03
	 	Executed in Counterparts	  	 	26	  
			
	 Section 7.04
	 	Governing Law; Waiver of Jury Trial	  	 	26	  
			
	 Section 7.05
	 	Effect of Headings	  	 	27	  

  
 -ii- 

 This FIRST SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”) is made
as of May 27, 2014, by and among ENABLE MIDSTREAM PARTNERS, LP, a Delaware limited partnership, having its principal office at One Leadership Square, 211 North Robinson Avenue, Suite 950, Oklahoma City, Oklahoma 73102 (the
“Company”), CENTERPOINT ENERGY RESOURCES CORP., a Delaware corporation (the “Guarantor”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, as trustee (herein called the
“Trustee”). 
 W I T N E S S E T H: 

WHEREAS, the Company has heretofore entered into an Indenture, dated as of May 27, 2014 (the “Original Indenture”), with
U.S. Bank National Association, as Trustee, to provide for the issuance from time to time of its unsecured senior debt securities (the “Securities”); 

WHEREAS, under the Original Indenture, a new series of Securities may at any time be established in accordance with the provisions of the
Original Indenture and the form and terms of the Securities of such series may be established by a supplemental indenture executed by the Company, any Guarantor (as defined in the Original Indenture) and the Trustee; 

WHEREAS, the Company proposes to create under the Original Indenture (i) a new series of Securities to be issued in an initial aggregate
principal amount of $500,000,000, designated as the 2.400% Senior Notes due 2019, (ii) a new series of Securities to be issued in an initial aggregate principal amount of $600,000,000, designated as the 3.900% Senior Notes due 2024, and
(iii) a new series of Securities to be issued in an initial aggregate principal amount of $550,000,000, designated as the 5.000% Senior Notes due 2044; each such series to be issued as set forth herein; 

WHEREAS, collection, and not payment, of the Company’s obligations under each of the series of Securities designated as the 2.400% Senior
Notes due 2019 and the 3.900% Senior Notes due 2024 is to be guaranteed on an unsecured and subordinated basis, subject to automatic release, by the Guarantor on the terms set forth herein; 

WHEREAS, the Original Indenture is incorporated herein by this reference, and the Original Indenture, as amended and supplemented to the date
hereof, including by this First Supplemental Indenture, is herein called the “Indenture”; 
 WHEREAS, additional Securities
of other series hereafter established, except as may be limited in the Indenture as at the time supplemented and modified, may be issued from time to time pursuant to the Indenture as at the time supplemented and modified; and 

WHEREAS, all conditions necessary to authorize the execution and delivery of this First Supplemental Indenture and to make it the valid and
binding obligations of the Company and the Guarantor have been done or performed. 
 NOW, THEREFORE, in consideration of the agreements and
obligations set forth herein and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 

ARTICLE 1 
 RELATION TO
ORIGINAL INDENTURE; DEFINITIONS 
 Section 1.01 Relation to Original Indenture. With respect to the Notes, this First
Supplemental Indenture constitutes an integral part of the Original Indenture. 
 Section 1.02 Generally. The rules of
interpretation set forth in the Original Indenture shall be applied hereto as if set forth in full herein. 

 Section 1.03 Definitions. The following defined terms used herein with respect to the
Notes shall, unless the context otherwise requires, have the meanings specified below. Capitalized terms used herein for which no definition is provided herein shall have the meanings set forth in the Original Indenture. 

“144A Global Security” means a Global Security substantially in the form of Annex A-1 hereto, with respect to the 2019
Notes, Annex A-2 hereto, with respect to the 2024 Notes, and Annex A-3 hereto, with respect to the 2044 Notes, bearing the Global Security Legend and the Private Placement Legend and deposited with or on behalf of, and registered in
the name of, the Depositary or its nominee that will be issued in a denomination equal to the outstanding principal amount of the 2019 Notes, the 2024 Notes and the 2044 Notes, as applicable, sold in reliance on Rule 144A. 

“Additional Interest” means the additional interest payable pursuant to Section 5 of the Registration Rights Agreement.

 “Additional 2019 Notes” means additional 2019 Notes (other than the Initial 2019 Notes) issued under this First
Supplemental Indenture in accordance with Sections 2.02 and 2.06 of this First Supplemental Indenture, as part of the same series as the Initial 2019 Notes. 

“Additional 2024 Notes” means additional 2024 Notes (other than the Initial 2024 Notes) issued under this First Supplemental
Indenture in accordance with Sections 2.02 and 2.06 of this First Supplemental Indenture, as part of the same series as the Initial 2024 Notes. 

“Additional 2044 Notes” means additional 2044 Notes (other than the Initial 2044 Notes) issued under this First Supplemental
Indenture in accordance with Sections 2.02 and 2.06 of this First Supplemental Indenture, as part of the same series as the Initial 2044 Notes. 

“Additional Notes” means, collectively, the Additional 2019 Notes, the Additional 2024 Notes and the Additional 2044 Notes.

 “Applicable Procedures” means, with respect to any transfer or exchange of or for beneficial interests in any Global
Security, the rules and procedures of the Depositary, Euroclear Bank, S.A./N.V., as operator of the Euroclear System, and Clearstream Banking, S.A. that apply to such transfer or exchange. 

“Broker-Dealer” has the meaning set forth in the applicable Registration Rights Agreement. 

“Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having a maturity
comparable to the term between the Redemption Date and the Stated Maturity (the “Remaining Life”) that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the Remaining Life. 
 “Comparable Treasury Price” means, with respect
to any Redemption Date, (a) the average of five Reference Treasury Dealer Quotations for such Redemption Date after excluding the highest and lowest of all of the Reference Treasury Dealer Quotations or (b) if the Quotation Agent obtains
fewer than five such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Consolidated Net Tangible
Assets” means at any date of determination, the total amount of consolidated assets of the Company and its Subsidiaries after deducting therefrom (a) all current liabilities (excluding (i) any current liabilities that by their
terms are extendable or renewable at the option of the obligor thereon to a time more than twelve months after the time as of which the amount thereof is being computed, and (ii) current maturities of long-term debt), and (b) the value
(net of any applicable reserves and accumulated amortization) of all goodwill, trade names, trademarks, patents and other like intangible assets, all as set forth on the consolidated balance sheet of the Company and its Subsidiaries for the most
recently completed fiscal quarter or fiscal year, as applicable. 

  
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 “Debt” of any Person means, without duplication, (a) all indebtedness of
such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (c) all obligations of such Person in respect of letters of credit or other similar instruments (or
reimbursement obligations with respect thereto), other than standby letters of credit, performance bonds and other obligations issued by or for the account of such Person in the ordinary course of business, to the extent not drawn or, to the extent
drawn, if such drawing is reimbursed not later than the third Business Day following demand for reimbursement, (d) all obligations of such Person to pay the deferred and unpaid purchase price of property or services, except trade and accounts
payables and accrued expenses incurred in the ordinary course of business, (e) all capitalized lease obligations of such Person, (f) all Debt of others secured by a Lien on any asset of such Person, whether or not such Debt is assumed by
such Person (provided that if the obligations so secured have not been assumed in full by such Person or are not otherwise such Person’s legal liability in full, then such obligations shall be deemed to be in an amount equal to the greater of
(i) the lesser of (A) the full amount of such obligations and (B) the fair market value of such assets, as determined in good faith by the Board of Directors of such Person, which determination shall be evidenced by a Board
Resolution, and (ii) the amount of obligations as have been assumed by such Person or which are otherwise such Person’s legal liability), and (g) all Debt of others (other than endorsements in the ordinary course of business)
guaranteed by such Person to the extent of such guarantee. 
 “Exchange Notes” means the notes issued in an Exchange Offer
pursuant to Section 2.07(6) of this First Supplemental Indenture. 
 “Exchange Offer” has the meaning set forth in the
applicable Registration Rights Agreement. 
 “Exchange Offer Registration Statement” has the meaning set forth in the
applicable Registration Rights Agreement. 
 “Global Security Legend” means the legend set forth in Section 2.07(7)(b)
hereof, which is required to be placed on all Global Securities issued under this First Supplemental Indenture. 
 “Global
Securities” means, individually and collectively, each of the Restricted Global Securities and the Unrestricted Global Securities deposited with or on behalf of and registered in the name of the Depositary or its nominee, substantially in
the form of Annex A-1 hereto, with respect to the 2019 Notes, Annex A-2, with respect to the 2024 Notes, and Annex A-3, with respect to the 2044 Notes, and that bears the Global Security Legend and that has the “Schedule of
Exchanges of Interests in the Global Security” attached thereto, issued in accordance with Section 2.02, 2.07(2)(c), 2.07(2)(d) or 2.07(6) of this First Supplemental Indenture. 

“Initial 2019 Notes” means the 2.400% Senior Notes due 2019 being issued by the Company under the Indenture and sold to the
Initial Purchasers pursuant to the Purchase Agreement. 
 “Initial 2024 Notes” means the 3.900% Senior Notes due 2024 being
issued by the Company under the Indenture and sold to the Initial Purchasers pursuant to the Purchase Agreement. 
 “Initial 2044
Notes” means the 5.000% Senior Notes due 2044 being issued by the Company under the Indenture and sold to the Initial Purchasers pursuant to the Purchase Agreement. 

“Initial Notes” means, collectively, the Initial 2019 Notes, the Initial 2024 Notes and the Initial 2044 Notes. 

“Initial Purchasers” has the meaning set forth in the Purchase Agreement. 

“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, that is not also a QIB. 
 “Interest Payment Dates” means
May 15 and November 15, commencing on November 15, 2014. 
 “Letter of Transmittal” means the letter of
transmittal to be prepared by the Company and sent to all Holders of the Notes for use by such Holders in connection with the Exchange Offer. 

“Lien” means any mortgage, lien, pledge, security interest, charge, adverse claim, or other encumbrance. 

  
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 “Non-U.S. Person” means a Person who is not a U.S. Person. 

“Original Issue Date” means May 27, 2014. 

“Principal Property” means, whether owned or leased on the date of this First Supplemental Indenture or subsequently
acquired, any pipeline, gathering system, terminal, storage facility, processing plant or other plant or facility owned or leased by the Company or its Subsidiaries and used in the transportation, distribution, terminalling, gathering, treating,
processing, marketing or storage of natural gas, natural gas liquids, propane, crude oil, condensate or fresh or produced water except (a) any property or asset consisting of inventories, furniture, office fixtures and equipment (including data
processing equipment), vehicles and equipment used on, or useful with, vehicles (but excluding vehicles that generate transportation revenues) and (b) any such property or asset, plant or terminal which, in the good faith opinion of the Board
of Directors of the General Partner as evidenced by resolutions of the Board of Directors of the General Partner, is not material in relation to the activities of the Company and its Subsidiaries, taken as a whole. 

“Principal Subsidiary” means any Subsidiary of the Company that owns or leases, directly or indirectly, a Principal Property.

 “Private Placement Legend” means the legend set forth in Section 2.07(7)(a)(A) hereof to be placed on all Notes
issued under this First Supplemental Indenture except where otherwise permitted by the provisions of this First Supplemental Indenture. 

“Purchase Agreement” means the Purchase Agreement dated as of May 19, 2014 among the Company, the Guarantor and RBS
Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC, as representatives for the several Initial Purchasers listed on Schedule I thereto. 

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

“Quotation Agent” means the Reference Treasury Dealer appointed by the Company. 

“Reference Treasury Dealer” means (a) RBS Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated,
Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC, and their respective successors; provided, however, that if any of the foregoing ceases to be a U.S. government securities dealer (a “Primary Treasury Dealer”), the
Company shall substitute therefor another Primary Treasury Dealer and (b) one other Primary Treasury Dealer selected by the Company. 

“Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and any Redemption Date, the
average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Quotation Agent by such Reference Treasury Dealer
at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 
 “Registration Rights
Agreement” means (a) with respect to the Initial Notes, the Registration Rights Agreement dated as of May 27, 2014 among the Company, the Guarantor and RBS Securities Inc., Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC, as representatives for the several Initial Purchasers and (b) with respect to any Additional Notes, the comparable agreement, in each case as such agreement may be
amended, modified or supplemented from time to time. 
 “Regular Record Date” means, with respect to each Interest Payment
Date, the close of business on May 1 or November 1, respectively, prior to such Interest Payment Date (whether or not a Business Day). 

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

  
 4 

 “Regulation S Global Security” means a Global Security substantially in the form
of Annex A-1 hereto, with respect to the 2019 Notes, Annex A-2 hereto, with respect to the 2024 Notes, and Annex A-3 hereto, with respect to the 2044 Notes, bearing the Global Security Legend and the Private Placement Legend and
deposited with or on behalf of and registered in the name of the Depositary or its nominee, issued in a denomination equal to the outstanding principal amount of the 2019 Notes, the 2024 Notes and the 2044 Notes, as applicable, sold in reliance on
Rule 903 of Regulation S. 
 “Restricted Definitive Security” means a Definitive Security bearing the Private Placement
Legend. 
 “Restricted Global Security” means a Global Security bearing the Private Placement Legend. 

“Restricted Period” means the 40-day distribution compliance period required by Regulation S. 

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

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

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

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

“Sale-Leaseback Transaction” means the sale or transfer by the Company or any Principal Subsidiary of any Principal Property
to a Person (other than a Principal Subsidiary) and the taking back by the Company or any Principal Subsidiary, as the case may be, of a lease of such Principal Property. 

“Shelf Registration Statement” has the meaning set forth in the applicable Registration Rights Agreement. 

“Stated Maturity” means with respect to the 2019 Notes, May 15, 2019, with respect to the 2024 Notes, May 15, 2024,
and, with respect to the 2044 Notes, May 15, 2044. 
 “Treasury Rate” means, with respect to any Redemption Date, the
rate per year equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury
Price for such Redemption Date. The Treasury Rate shall be calculated on the third Business Day preceding any Redemption Date. 

“Unrestricted Definitive Security” means a Definitive Security that does not bear and is not required to bear the Private
Placement Legend 
 “Unrestricted Global Security” means a Global Security that does not bear and is not required to bear
the Private Placement Legend. 
 “U.S. Person” means a U.S. Person as defined in Rule 902(k) promulgated under the
Securities Act. 
 ARTICLE 2 

ESTABLISHMENT OF SERIES; NOTES 

Section 2.01 Establishment. There is hereby established a (i) new series of Securities to be issued under the Indenture,
designated as the Company’s 2.400% Senior Notes due 2019, which Securities are to consist of Initial 2019 Notes and Additional 2019 Notes, (ii) new series of Securities to be issued under the Indenture, designated as the Company’s
3.900% Senior Notes due 2024, which Securities are to consist of Initial 2024 Notes and Additional 2024 Notes and (iii) new series of Securities to be issued under the Indenture, designated as the Company’s 5.000% Senior Notes due 2044,
which Securities are to consist of Initial 2044 Notes and Additional 2044 Notes. The Initial 2019 Notes and the Additional 2019 Notes are referred to collectively as the “2019 Notes” and shall constitute a single series of
Securities hereunder. The Initial 2024 Notes and the Additional 2024 Notes are referred to 

  
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collectively as the “2024 Notes” and shall constitute a single series of Securities hereunder. The Initial 2044 Notes and the Additional 2044 Notes are referred to collectively
as the “2044 Notes” and shall constitute a single series of Securities hereunder. The 2019 Notes, the 2024 Notes and the 2044 Notes are referred to collectively as the “Notes”. The Notes shall have the forms and
terms specified in this Article 2. 
 Section 2.02 Authentication and Delivery. There are to be authenticated and delivered
$500,000,000 principal amount of Initial 2019 Notes, $600,000,000 principal amount of Initial 2024 Notes and $550,000,000 principal amount of Initial 2044 Notes on the Original Issue Date, and Additional Notes of each series may be authenticated and
delivered from time to time as provided by Sections 301, 304, 305, 306, 906 or 1107 of the Original Indenture or as provided in Section 2.06 of this First Supplemental Indenture. The Notes shall be fully registered and without coupons and shall
be initially issued in the form of one or more Global Securities substantially in the form set out in Annex A-1 hereto, with respect to the 2019 Notes, Annex A-2 hereto, with respect to the 2024 Notes, and Annex A-3 hereto, with
respect to the 2044 Notes, each of which is hereby incorporated into this First Supplemental Indenture by reference. The Notes shall be senior debt securities. 

Each Note shall be dated the date of authentication thereof and shall bear interest from the Original Issue Date or from the most recent
Interest Payment Date to which interest has been paid or duly provided for. 
 Section 2.03 Payment of Principal and
Interest. The principal of the Notes shall be due at Stated Maturity, unless earlier redeemed. The principal amount of the 2019 Notes shall bear interest at the rate of 2.400% per annum, the principal amount of the 2024 Notes shall bear
interest at the rate of 3.900% per annum and the principal amount of the 2044 Notes shall bear interest at the rate of 5.000% per annum, in each case until paid or duly provided for, such interest to accrue from the Original Issue Date or
from the most recent Interest Payment Date on which interest has been paid or duly provided for. The Notes also shall bear Additional Interest to the extent payable pursuant to Section 5 of the Registration Rights Agreement and, in such event,
all references in the Indenture to “interest” shall include Additional Interest. Subject to Section 307 of the Original Indenture, interest shall be paid semi-annually in arrears on each Interest Payment Date to the Person or Persons
in whose name the Notes are registered on the Regular Record Date for such Interest Payment Date; provided, that interest payable at the Stated Maturity of principal or on a Redemption Date as provided herein shall be paid to the Person to whom
principal is payable. The Company shall pay interest on overdue principal and premium, if any, from time to time on demand at the same rate; and it shall pay interest on overdue installments of interest (without regard to any applicable grace
periods) from time to time on demand at the same rate to the extent lawful. 
 Payments of interest on the Notes shall include
interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the Notes shall be computed and paid on the basis of a 360-day year of twelve 30-day months. If any date on which interest is payable on the Notes is not
a Business Day, then payment of the interest payable on such date shall be made on the next succeeding day that is a Business Day (and without any interest or payment in respect of any such delay) with the same force and effect as if made on the
date the payment was originally payable. 
 Payment of principal of, premium, if any, and interest on the Notes shall be made in such coin
or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of principal of, premium, if any, and interest on the Notes represented by a Global Security shall be made by
wire transfer of immediately available funds to the Depositary therefor; provided, that in the case of payments of principal and premium, if any, at maturity or upon redemption, such Global Security is first surrendered to a Paying Agent. If any of
the Notes are no longer represented by Global Securities, (i) payments of principal, premium, if any, and interest due at the Stated Maturity or earlier redemption of such Notes shall be made at the office of any Paying Agent upon surrender of
such Notes to such Paying Agent and (ii) payments of interest shall be made, at the option of the Company, subject to such surrender where applicable, by (A) check mailed to the address of the Person entitled thereto as such address shall
appear in the Security Register or (B) wire transfer at such place and to such account at a banking institution in the United States as may be designated in writing to the Trustee at least 16 days prior to the date for payment by the Person
entitled thereto. 
 Section 2.04 Denominations. The Notes shall be issued in denominations of $2,000 and integral multiples of
$1,000 in excess of $2,000. 

  
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 Section 2.05 Place of Payment and Paying Agent. The Place of Payment with
respect to the Notes shall be the offices of the Paying Agent with respect to the Notes in the Borough of Manhattan, The City of New York. 

The Company initially appoints the Trustee to act as Paying Agent and Security Registrar with respect to the Notes. 

Section 2.06 Amount Not Limited. The aggregate principal amount of Notes of any series that may be authenticated and delivered
under this First Supplemental Indenture shall not be limited, and Additional Notes of any series may be issued from time to time without any consent of Holders or of the Trustee. The Company may, upon the execution and delivery of this First
Supplemental Indenture or from time to time thereafter, execute and deliver the Additional Notes to the Trustee for authentication, and the Trustee shall thereupon authenticate and deliver said Additional Notes upon a Company Order and delivery of
such other documentation as shall be required by the Original Indenture. 
 Section 2.07 Transfer and Exchange. 

(1) Transfer and Exchange of Global Securities. A Global Security may not be transferred except as a whole by the Depositary to a
nominee of the Depositary, by a nominee of the Depositary to the Depositary or to another nominee of the Depositary, or by the Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. All Global Securities
will be exchanged by the Company for Definitive Securities if: 
 (a) the Company delivers to the Trustee notice from the
Depositary that it is unwilling or unable to continue to act as Depositary or that it is no longer a clearing agency registered under the Exchange Act and, in either case, a successor Depositary is not appointed by the Issuers within 120 days after
the date of such notice from the Depositary; 
 (b) the Company in its sole discretion determines that the Global Securities
(in whole but not in part) should be exchanged for Definitive Securities and deliver a written notice to such effect to the Trustee; or 

(c) there has occurred and is continuing a Default or Event of Default with respect to the Notes and the Depositary notifies
the Trustee of its decision to exchange the Global Securities for Definitive Securities. 
 Upon the occurrence of either of the preceding
events in (a) or (b) above, Definitive Securities shall be issued in such names as the Depositary shall instruct the Trustee. Global Securities also may be exchanged or replaced, in whole or in part, as provided in Sections 304 and 306 of
the Original Indenture. Every Note authenticated and delivered in exchange for, or in lieu of, a Global Security or any portion thereof, pursuant to this Section 2.07 or Sections 304 or 306 of the Original Indenture shall be authenticated and
delivered in the form of, and shall be, a Global Security. A Global Security may not be exchanged for another Note other than as provided in this Section 2.07(1); however, beneficial interests in a Global Security may be transferred and
exchanged as provided in Section 2.07(2), (3) or (6) hereof. 
 (2) Transfer and Exchange of Beneficial Interests in the
Global Securities. The transfer and exchange of beneficial interests in the Global Securities will be effected through the Depositary, in accordance with the provisions of this First Supplemental Indenture and the Applicable Procedures.
Beneficial interests in the Restricted Global Securities will be subject to restrictions on transfer comparable to those set forth herein to the extent required by the Securities Act. Transfers of beneficial interests in the Global Securities also
will require compliance with either subparagraph (a) or (b) below, as applicable, as well as one or more of the other following subparagraphs, as applicable: 

(a) Transfer of Beneficial Interests in the Same Global Security. Beneficial interests in any Restricted Global Security
may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Security in accordance with the transfer restrictions set 

  
 7 

 
forth in the Private Placement Legend; provided, however, that prior to the expiration of the Restricted Period, transfers of beneficial interests in Regulation S Global Securities may not be
made to a U.S. Person or for the account of a U.S. Person. Beneficial interests in any Unrestricted Global Security may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Security. No
written orders or instructions shall be required to be delivered to the Registrar to effect the transfers described in this Section 2.07(2)(a). 

(b) All Other Transfers and Exchanges of Beneficial Interests in Global Securities. In connection with all transfers and
exchanges of beneficial interests that are not subject to Section 2.07(2)(a) above, the transferor of such beneficial interest must deliver to the Registrar either: 

(A) both: 

(i) a written order from a participant or an indirect participant in the Depositary given to the Depositary in accordance with
the Applicable Procedures directing the Depositary to credit or cause to be credited a beneficial interest in another Global Security in an amount equal to the beneficial interest to be transferred or exchanged; and 

(ii) instructions given in accordance with the Applicable Procedures containing information regarding the participant account
to be credited with such increase; or 
 (B) both: 

(i) a written order from a participant or an indirect participant in the Depositary given to the Depositary in accordance with
the Applicable Procedures directing the Depositary to cause to be issued a Definitive Security in an amount equal to the beneficial interest to be transferred or exchanged; and 

(ii) instructions given by the Depositary to the Registrar containing information regarding the Person in whose name such
Definitive Security shall be registered to effect the transfer or exchange referred to in (i) above. 
 Upon
consummation of an Exchange Offer by the Company in accordance with Section 2.07(6) hereof, the requirements of this Section 2.07(2)(b) shall be deemed to have been satisfied upon receipt by the Registrar of the instructions contained in
the Letter of Transmittal delivered by the Holder of such beneficial interests in the Restricted Global Securities. Upon satisfaction of all of the requirements for transfer or exchange of beneficial interests in Global Securities contained in this
First Supplemental Indenture and the Notes or otherwise applicable under the Securities Act, the Trustee shall adjust the principal amount of the relevant Global Security(ies) pursuant to Section 2.07(8) hereof. 

(c) Transfer of Beneficial Interests to Another Restricted Global Security. A beneficial interest in any Restricted
Global Security may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Security if the transfer complies with the requirements of Section 2.07(2)(b) above and the Registrar
receives the following: 
 (A) if the transferee will take delivery in the form of a beneficial interest in the 144A Global
Security, then the transferor must deliver a certificate in the form of Annex B hereto, including the certifications in item (1) thereof; and 

(B) if the transferee will take delivery in the form of a beneficial interest in the Regulation S Global Security, then the
transferor must deliver a certificate in the form of Annex B hereto, including the certifications in item (2) thereof. 

  
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 (d) Transfer and Exchange of Beneficial Interests in a Restricted Global
Security for Beneficial Interests in an Unrestricted Global Security. A beneficial interest in any Restricted Global Security may be exchanged by any holder thereof for a beneficial interest in an Unrestricted Global Security or transferred to a
Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Security if the exchange or transfer complies with the requirements of Section 2.07(2)(b) above and: 

(A) such exchange or transfer is effected pursuant to an Exchange Offer in accordance with the related Registration Rights
Agreement and the holder of the beneficial interest to be transferred, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable Letter of Transmittal that it is not (i) a Broker-Dealer, (ii) a
Person participating in the distribution of the Exchange Notes or (iii) a Person who is an affiliate (as defined in Rule 144) of the Company; 

(B) such transfer is effected pursuant to a Shelf Registration Statement in accordance with the related Registration Rights
Agreement; 
 (C) such transfer is effected by a Broker-Dealer pursuant to an Exchange Offer Registration Statement in
accordance with the related Registration Rights Agreement; or 
 (D) the Registrar receives the following: 

(i) if the holder of such beneficial interest in a Restricted Global Security proposes to exchange such beneficial interest
for a beneficial interest in an Unrestricted Global Security, a certificate from such holder in the form of Annex C hereto, including the certifications in item (1)(a) thereof; or 

(ii) if the holder of such beneficial interest in a Restricted Global Security proposes to transfer such beneficial interest
to a Person who shall take delivery thereof in the form of a beneficial interest in an Unrestricted Global Security, a certificate from such holder in the form of Annex B hereto, including the certifications in item (4) thereof; 

and, in each such case set forth in this subparagraph (D), if the Registrar so requests or if the Applicable Procedures so require, an Opinion
of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer
required in order to maintain compliance with the Securities Act. 
 If any such transfer is effected pursuant to
subparagraph (B) or (D) above at a time when an Unrestricted Global Security has not yet been issued, the Company shall issue and, upon receipt of a Company Order the Trustee shall authenticate, one or more Unrestricted Global Securities
in an aggregate principal amount equal to the aggregate principal amount of beneficial interests transferred pursuant to subparagraph (B) or (D) above. 

Beneficial interests in an Unrestricted Global Security cannot be exchanged for, or transferred to Persons who take delivery
thereof in the form of, a beneficial interest in a Restricted Global Security. 
 (3) Transfer or Exchange of Beneficial Interests for
Definitive Securities. 
 (a) Beneficial Interests in Restricted Global Securities to Restricted Definitive
Securities. If any holder of a beneficial interest in a Restricted Global Security proposes to exchange such beneficial interest for a Restricted Definitive Security or to transfer such beneficial interest to a Person who takes delivery thereof
in the form of a Restricted Definitive Security, then, upon receipt by the Registrar of the following documentation: 

  
 9 

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

(B) if such beneficial interest is being transferred to a QIB in accordance with Rule 144A, a certificate to the effect set
forth in Annex B hereto, including the certifications in item (1) thereof; 
 (C) if such beneficial interest is
being transferred to a Non-U.S. Person in an offshore transaction in accordance with Rule 903 or Rule 904, a certificate to the effect set forth in Annex B hereto, including the certifications in item (2) thereof; 

(D) if such beneficial interest is being transferred pursuant to an exemption from the registration requirements of the
Securities Act in accordance with Rule 144, a certificate to the effect set forth in Annex B hereto, including the certifications in item (3)(a) thereof; 

(E) if such beneficial interest is being transferred to an Institutional Accredited Investor in reliance on an exemption from
the registration requirements of the Securities Act other than those listed in subparagraphs (B) through (D) above, a certificate to the effect set forth in Annex B hereto, including the certifications, certificates and Opinion of
Counsel required by item (3) thereof, if applicable; 
 (F) if such beneficial interest is being transferred to the
Company or any of its Subsidiaries, a certificate to the effect set forth in Annex B hereto, including the certifications in item (3)(b) thereof; or 

(G) if such beneficial interest is being transferred pursuant to an effective registration statement under the Securities Act,
a certificate to the effect set forth in Annex B hereto, including the certifications in item (3)(c) thereof, 
 the Trustee
shall cause the aggregate principal amount of the applicable Global Security to be reduced accordingly pursuant to Section 2.07(8) hereof, and the Company shall execute and the Trustee shall authenticate and deliver to the Person designated in
the instructions a Definitive Security in the appropriate principal amount. Any Definitive Security issued in exchange for a beneficial interest in a Restricted Global Security pursuant to this Section 2.07(3) shall be registered in such name
or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Registrar through instructions from the Depositary and the participant or indirect participant. The Trustee shall deliver such
Definitive Security to the Persons in whose names such Securities are so registered. Any Definitive Security issued in exchange for a beneficial interest in a Restricted Global Security pursuant to this Section 2.07(3)(a) shall bear the Private
Placement Legend and shall be subject to all restrictions on transfer contained therein. 
 (b) Beneficial Interests in
Restricted Global Securities to Unrestricted Definitive Securities. A holder of a beneficial interest in a Restricted Global Security may exchange such beneficial interest for an Unrestricted Definitive Security or may transfer such beneficial
interest to a Person who takes delivery thereof in the form of an Unrestricted Definitive Security only if: 
 (A) such
exchange or transfer is effected pursuant to an Exchange Offer in accordance with the related Registration Rights Agreement and the holder of such beneficial interest, in the case of an exchange, or the transferee, in the case of a transfer,
certifies in the applicable Letter of Transmittal that it is not (i) a Broker-Dealer, (ii) a Person participating in the distribution of the Exchange Notes or (iii) a Person who is an affiliate (as defined in Rule 144) of the Company;

  
 10 

 (B) such transfer is effected pursuant to a Shelf Registration Statement in
accordance with the related Registration Rights Agreement; 
 (C) such transfer is effected by a Broker-Dealer pursuant to an
Exchange Offer Registration Statement in accordance with the related Registration Rights Agreement; or 
 (D) the Registrar
receives the following: 
 (i) if the holder of such beneficial interest in a Restricted Global Security proposes to
exchange such beneficial interest for an Unrestricted Definitive Security, a certificate from such holder in the form of Annex C hereto, including the certifications in item (l)(b) thereof; or 

(ii) if the holder of such beneficial interest in a Restricted Global Security proposes to transfer such beneficial interest
to a Person who shall take delivery thereof in the form of an Unrestricted Definitive Security, a certificate from such holder in the form of Annex B hereto, including the certifications in item (4) thereof; 

and, in each such case set forth in this subparagraph (D), if the Registrar so requests or if the Applicable Procedures so require, an Opinion
of Counsel in form reasonably acceptable to the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer
required in order to maintain compliance with the Securities Act. 
 (c) Beneficial Interests in Unrestricted Global
Securities to Unrestricted Definitive Securities. If any holder of a beneficial interest in an Unrestricted Global Security proposes to exchange such beneficial interest for a Definitive Security or to transfer such beneficial interest to a
Person who takes delivery thereof in the form of a Definitive Security, then, upon satisfaction of the conditions set forth in Section 2.07(2)(b) hereof, the Trustee will cause the aggregate principal amount of the applicable Global Security to
be reduced accordingly pursuant to Section 2.07(8) hereof, and the Company will execute and the Trustee will authenticate and deliver to the Person designated in the instructions a Definitive Security in the appropriate principal amount. Any
Definitive Security issued in exchange for a beneficial interest pursuant to this Section 2.07(3)(c) will be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest
requests through instructions to the Registrar from or through the Depositary and the participant or indirect participant. The Trustee will deliver such Definitive Securities to the Persons in whose names such Securities are so registered. Any
Definitive Security issued in exchange for a beneficial interest pursuant to this Section 2.07(3)(c) will not bear the Private Placement Legend. 

(4) Transfer and Exchange of Definitive Notes for Beneficial Interests. Definitive Securities may not be exchanged for beneficial
interests in a Global Security. 
 (5) Transfer and Exchange of Definitive Securities for Definitive Securities. Upon request by a
Holder of Definitive Securities and such Holder’s compliance with the provisions of this Section 2.07(5), the Registrar will register the transfer or exchange of Definitive Securities. Prior to such registration of transfer or exchange,
the requesting Holder must present or surrender to the Registrar the Definitive Securities duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Registrar duly executed by such Holder or by its attorney, duly
authorized in writing. In addition, the requesting Holder must provide any additional certifications, documents and information, as applicable, required pursuant to the following provisions of this Section 2.07(5). 

  
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 (a) Restricted Definitive Securities to Restricted Definitive Securities.
Any Restricted Definitive Security may be transferred to and registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Security if the Registrar receives the following: 

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

(C) if the transfer will be made pursuant to any other exemption from the registration requirements of the Securities Act, then
the transferor must deliver a certificate in the form of Annex B hereto, including the certifications, certificates and Opinion of Counsel required by item (3) thereof, if applicable. 

(b) Restricted Definitive Securities to Unrestricted Definitive Securities. Any Restricted Definitive Security may be
exchanged by the Holder thereof for an Unrestricted Definitive Security or transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Definitive Security if: 

(A) such exchange or transfer is effected pursuant to an Exchange Offer in accordance with the related Registration Rights
Agreement and the Holder, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable Letter of Transmittal that it is not (i) a Broker-Dealer, (ii) a Person participating in the distribution of
the Exchange Notes or (iii) a Person who is an affiliate (as defined in Rule 144) of the Company; 
 (B) any such
transfer is effected pursuant to a Shelf Registration Statement in accordance with the related Registration Rights Agreement; 

(C) any such transfer is effected by a Broker-Dealer pursuant to an Exchange Offer Registration Statement in accordance with
the related Registration Rights Agreement; or 
 (D) the Registrar receives the following: 

(i) if the Holder of such Restricted Definitive Securities proposes to exchange such Securities for an Unrestricted Definitive
Security, a certificate from such Holder in the form of Annex C hereto, including the certifications in item (1)(d) thereof; or 

(ii) if the Holder of such Restricted Definitive Securities proposes to transfer such Securities to a Person who shall take
delivery thereof in the form of an Unrestricted Definitive Security, a certificate from such Holder in the form of Annex B hereto, including the certifications in item (4) thereof; 

and, in each such case set forth in this subparagraph (D), if the Registrar so requests, an Opinion of Counsel in form reasonably acceptable to
the Registrar to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer required in order to maintain compliance
with the Securities Act. 
 (c) Unrestricted Definitive Securities to Unrestricted Definitive Securities. A Holder of
Unrestricted Definitive Securities may transfer such Securities to a Person who takes delivery thereof in the form of an Unrestricted Definitive Security. Upon receipt of a request to register such a transfer, the Registrar shall register the
Unrestricted Definitive Securities pursuant to the instructions from the Holder thereof. 

  
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 (6) Exchange Offer. Upon the occurrence of an Exchange Offer in accordance with the
related Registration Rights Agreement, the Company will issue and, upon receipt of a Company Order, the Trustee will authenticate: 

(a) one or more Unrestricted Global Securities in an aggregate principal amount equal to the principal amount of the beneficial
interests in the Restricted Global Securities accepted for exchange in the Exchange Offer by Persons that certify in the applicable Letters of Transmittal that (A) they are not Broker-Dealers, (B) they are not participating in a
distribution of the Exchange Securities and (C) they are not affiliates (as defined in Rule 144) of the Company; and 

(b) Unrestricted Definitive Securities in an aggregate principal amount equal to the principal amount of the Restricted
Definitive Securities accepted for exchange in the Exchange Offer by Persons that certify in the applicable Letters of Transmittal that (A) they are not Broker-Dealers, (B) they are not participating in a distribution of the Exchange
Securities and (C) they are not affiliates (as defined in Rule 144) of the Company. 
 Concurrently with the issuance of such
Securities, the Trustee will cause the aggregate principal amount of the applicable Restricted Global Securities to be reduced accordingly, and the Company will execute and the Trustee will authenticate and deliver to the Persons designated by the
Holders of Definitive Securities so accepted Unrestricted Definitive Securities in the appropriate principal amount. 
 (7) Legends.
The following legends will appear on the face of all Global Securities and Definitive Securities issued under this First Supplemental Indenture unless specifically stated otherwise in the applicable provisions of this First Supplemental Indenture.

 (a) Private Placement Legend. 

(A) Except as permitted by subparagraph (B) below, each Global Security and each Definitive Security (and all Securities
issued in exchange therefor or substitution thereof) shall bear the legend in substantially the following form: 
 “THIS SECURITY HAS
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD,
ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON
ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS [IN THE CASE OF RULE 144A
NOTES: SIX MONTHS] [IN THE CASE OF REGULATION S NOTES: 40 DAYS] AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH
SECURITY), ONLY (A) TO THE ISSUER, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE
SECURITIES ACT, TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM
NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT OR (E) PURSUANT TO ANOTHER
AVAILABLE EXEMPTION 

  
 13 

 
FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D) or
(E) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE.” 

(B) Notwithstanding the foregoing, any Global Security or Definitive Security issued pursuant to subparagraphs (2)(d), (3)(b),
(3)(c), (5)(b), (5)(c) or (6) of this Section 2.07 (and all Securities issued in exchange therefor or substitution thereof) will not bear the Private Placement Legend. 

(b) Global Security Legend. Each Global Security will bear a legend in substantially the following form: 

“THIS DEBT SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A
DEPOSITARY OR A NOMINEE THEREOF. THIS DEBT SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR EXCHANGED FOR SECURITIES REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN THE DEPOSITARY OR A NOMINEE THEREOF AND NO SUCH TRANSFER MAY BE REGISTERED,
EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY DEBT SECURITY AUTHENTICATED AND DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS DEBT SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE
FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES. THE DEPOSITORY TRUST COMPANY SHALL ACT AS THE DEPOSITARY UNTIL A SUCCESSOR SHALL BE APPOINTED BY THE COMPANY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“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 SUCH OTHER NAME AS
MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE
BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.” 
 (8)
Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Definitive Securities or a particular Global Security has been redeemed, repurchased or
canceled in whole and not in part, each such Global Security will be returned to or retained and canceled by the Trustee in accordance with Section 309 of the Original Indenture. At any time prior to such cancellation, if any beneficial
interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Definitive Securities, the principal amount of Securities represented by
such Global Securities will be reduced accordingly and an endorsement will be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the beneficial interest is being
exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security, such other Global Security will be increased accordingly and an endorsement will be made on such Global Security
by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase. 

  
 14 

 (9) General Provisions Relating to Transfers and Exchanges. 

(a) To permit registrations of transfers and exchanges, the Company will execute and the Trustee will authenticate Global
Securities and Definitive Securities upon receipt of a Company Order or at the Registrar’s request. 
 (b) No service
charge will be made to a holder of a beneficial interest in a Global Security or to a Holder of a Definitive Security for any registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any transfer tax or
similar governmental charge payable in connection therewith (other than any such transfer taxes or similar governmental charge payable upon exchange or transfer pursuant to Sections 304 of the Original Indenture and Article 4 of this First
Supplemental Indenture). 
 (c) All Global Securities and Definitive Securities issued upon any registration of transfer or
exchange of Global Securities or Definitive Securities will be the valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this First Supplemental Indenture, as the Global Securities or Definitive
Securities surrendered upon such registration of transfer or exchange. 
 (d) Neither the Registrar nor the Company will be
required: 
 (A) to issue, to register the transfer of or to exchange, any Notes during a period beginning at the opening of
business 15 days before the day of any selection of Notes for redemption under Article 4 of this First Supplemental Indenture and ending at the close of business on the day of selection; 

(B) to register the transfer of or to exchange any Note selected for redemption in whole or in part, except the unredeemed
portion of any Note being redeemed in part; or 
 (C) to register the transfer of or to exchange a Note between a record date
and the next succeeding interest payment date. 
 (e) Prior to due presentment for the registration of a transfer of any
Note, the Trustee, any Registrar or Paying Agent and the Company may deem and treat the Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Notes
and for all other purposes, and none of the Trustee, any Registrar or Paying Agent or the Company shall be affected by notice to the contrary. 

(f) The Trustee will authenticate Global Securities and Definitive Securities for original issue in accordance with the
provisions of Section 2.02 of the First Supplemental Indenture. 
 (g) All certifications, certificates and Opinions of
Counsel required to be submitted to the Registrar pursuant to this Section 2.07 to effect a registration of transfer or exchange may be submitted by facsimile. 

(10) Automatic Exchange from Restricted Global Security to Unrestricted Global Security. At the option of the Company and upon
compliance with the Applicable Procedures, beneficial interests in a Restricted Global Security shall be exchanged for beneficial interests in an Unrestricted Global Security. Upon such exchange of beneficial interests pursuant to this
Section 2.07(10), the Registrar shall reflect on its books and records the date of such transfer and a decrease and increase, respectively, in the principal amount of the applicable Restricted Global Security and the Unrestricted Global
Security, respectively, equal to the principal amount of beneficial interests transferred. Following any such transfer pursuant to this Section 2.07(10) of all of the beneficial interests in a Restricted Global Security, such Restricted Global
Security shall be cancelled. 
 (11) Transfers of Securities Held by Affiliates. Notwithstanding anything to the contrary in this
Section 2.07, any certificate (i) evidencing a Note that has been transferred to an affiliate (as defined in Rule 405 of the Securities Act) of the Company, as evidenced by a notation on the certificate of transfer or certificate of
exchange for such transfer or in the representation letter delivered in respect thereof, or (ii) evidencing a Note that has been 

  
 15 

 
acquired from an affiliate (other than by an affiliate) in a transaction or a chain of transactions not involving any public offering, as evidenced by a notation on the certificate of transfer or
certificate of exchange for such transfer or in the representation letter delivered in respect thereof, shall, until one year after the last date on which either the Issuers or any affiliate of the Issuers was an owner of such Note, in each case, be
in the form of a permanent Definitive Note and bear the Private Placement Legend subject to the restrictions in this Section 2.07. The Registrar shall retain copies of all letters, notices and other written communications received pursuant to
this Section 2.07(11). The Company, at its sole cost and expense, shall have the right to inspect and make copies of all such letters, notices or other written communications at any reasonable time upon the giving of reasonable advance written
notice to the Trustee. 
 ARTICLE 3 

CERC SUBORDINATED GUARANTEE 

Section 3.01 Subordinated Guarantee of Collection. CenterPoint Energy Resources Corp. shall be a Guarantor of the 2019
Notes and 2024 Notes (the “Guaranteed Notes”) in accordance with Section 1602 of the Original Indenture. The Guarantor guarantees (the “Subordinated Guarantee of Collection”) to the Trustee, for the ratable
benefit of the Holders of the Guaranteed Notes, the full and prompt collection of the Company’s obligations under the Guaranteed Notes (each Holder, a “Guaranteed Party” and, collectively, the “Guaranteed
Parties”) and the Company’s obligations under the Indenture with respect to the Guaranteed Notes (the “Guaranteed Obligations”). Such Subordinated Guarantee of Collection is a guaranty of collection only, and not a
guaranty of payment.  
 Section 3.02 Exhaustion of Other Remedies Required. The obligations of the Guarantor hereunder
are those of a secondary obligor, and not as primary obligor, and are dependent, in all respects, upon the Trustee, on behalf of the Guaranteed Parties, first pursuing and exhausting all rights and remedies, both legal and equitable, against the
Company to collect payment upon the Guaranteed Obligations. 
 Section 3.03 Guaranteed Obligations Absolute. Except as otherwise
provided in this First Supplemental Indenture, the Guarantor’s obligations under the Subordinated Guarantee of Collection are in all respects absolute and unconditional and shall not be impaired, modified, released or limited by any occurrence
or condition whatsoever, including, without limitation: (i) any amendment to, restatement of, supplement to or other modification of the Indenture in accordance with the terms thereof, or any furnishing, acceptance or release of any collateral
for the Guaranteed Obligations or the addition, substitution or release of any other guarantor or any other entity or other Person primarily or secondarily liable in respect of the Guaranteed Obligations, (ii) any waiver, consent, extension,
indulgence or other action or inaction under or in respect of the Indenture, (iii) any bankruptcy, insolvency, arrangement, reorganization, readjustment, composition, liquidation or similar proceeding with respect to the Company or its
property, (iv) any merger, amalgamation or consolidation of any other guarantor or of the Company into or with any other Person or any sale, lease or transfer of any or all of the assets of any other guarantor or of the Company to any Person or
(v) any other event or circumstance which might otherwise constitute a legal or equitable discharge or defense (other than repayment in full in cash of all the Guaranteed Obligations) of a guarantor (whether or not similar to the foregoing).

 Section 3.04 Subordination. 

(a) Any payment in respect of the Guaranteed Obligations is subordinated, to the extent and in the manner provided in this
Section 3.04, to the prior payment in full of all CERC Senior Debt, whether outstanding at the date of this First Supplemental Indenture or thereafter created, incurred, assumed or guaranteed. These subordination provisions are for the benefit
of the holders of CERC Senior Debt. This Section 3.04 shall constitute a continuing offer to all Persons who, in reliance upon such provisions, become holders of, or continue to hold, CERC Senior Debt, and such provisions are made for the
benefit of the holders of CERC Senior Debt, and such holders are made obligees hereunder and any one or more of them may enforce such provisions. 

  
 16 

 (b) (i) No payment shall be made by or on behalf of the Guarantor on account
of any of the Guaranteed Obligations in the event of default in payment of any principal of, premium (if any) or interest on any CERC Senior Debt when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by
acceleration of maturity or otherwise (a “Payment Default”), unless and until such Payment Default has been cured or waived or otherwise has ceased to exist or such CERC Senior Debt has been discharged or paid in full. 

(ii) No payment shall be made by or on behalf of the Guarantor on account of any of the Guaranteed Obligations in the event of
any event of default (other than a Payment Default) with respect to any Designated CERC Senior Debt permitting the holders of such Designated CERC Senior Debt (or a trustee, agent or other representative on behalf of the holders thereof) to declare
such Designated CERC Senior Debt due and payable prior to the date on which it would otherwise have become due and payable, upon written notice thereof to the Guarantor and the Trustee by any holders of Designated CERC Senior Debt (or a trustee,
agent or other representative on behalf of the holders thereof) (a “Payment Blocking Notice”), unless and until such event of default has been cured or waived or otherwise has ceased to exist or such Designated CERC Senior Debt has
been discharged or paid in full, provided, that such payments may not be prevented pursuant to this Section 3.04(b)(ii) for more than 179 days after an applicable Payment Blocking Notice has been received by the Trustee unless the Designated
CERC Senior Debt in respect of which such event of default exists has been declared due and payable in its entirety, in which case no such payment may be made until such acceleration has been rescinded or annulled or such Designated CERC Senior Debt
has been discharged or paid in full. No event of default that existed or was continuing on the date of any Payment Blocking Notice may be made the basis for the giving of a second Payment Blocking Notice, and only one such Payment Blocking Notice
may be given in any 360-day period, irrespective of the number of defaults with respect to any number of issues of Designated CERC Senior Debt during such period. 

(iii) In furtherance of the provisions of Section 3.04(a) of this First Supplemental Indenture, in the event that,
notwithstanding the foregoing provisions of this Section 3.04(b), any payment or distribution of assets of the Guarantor shall be received by the Trustee for the benefit of any Guaranteed Party at a time when such payment or distribution was
prohibited by the provisions of this Section 3.04(b) and the Trustee has received notice from the Guarantor or the Company that such payment or distribution was prohibited by the provisions of this Section 3.04(b), then, unless such
payment or distribution has thereafter been paid or distributed by the Trustee or Paying Agent to the Guaranteed Party or is no longer prohibited by this Section 3.04(b), such payment or distribution shall be held in trust by the Trustee for
the benefit of the holders of CERC Senior Debt, and upon direction from the Guarantor or the Company shall be paid or delivered by the Trustee to the holders of CERC Senior Debt remaining unpaid or unprovided for or their representative or
representatives, or to the trustee or trustees under any indenture pursuant to which any instruments evidencing such CERC Senior Debt may have been issued, it being understood that such payment or delivery shall be made ratably, according to the
aggregate amounts remaining unpaid on account of such CERC Senior Debt held or represented by each, for application to the payment of all CERC Senior Debt in full after giving effect to all concurrent payments and distributions to or for the holders
of such CERC Senior Debt. 
 (c) Upon any distribution of assets of the Guarantor or upon any dissolution, winding up, total
or partial liquidation or reorganization of the Guarantor, whether voluntary or involuntary, in bankruptcy, insolvency, receivership or similar proceedings or upon any assignment for the benefit of creditors: 

(i) the holders of all CERC Senior Debt shall first be entitled to receive payment in full of such CERC Senior Debt before any
Guaranteed Party is entitled to receive any payment on account of the Guaranteed Obligations; 
 (ii) any payment or
distribution of assets of the Guarantor of any kind or character, whether in cash, property or securities, to which any Guaranteed Party would be entitled, except for the provisions of this Section 3.04, shall be paid by the liquidating trustee
or agent or other Person making such a payment or distribution directly to the holders of such CERC Senior Debt or their representative, ratably according to the respective amounts of CERC Senior Debt held or represented by each, to the extent
necessary to make payment in full of all such CERC Senior Debt remaining unpaid after giving effect to all concurrent payments and distributions to the holders of such CERC Senior Debt; 

  
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 (iii) in the event that, notwithstanding the foregoing provisions of this
Section 3.04(c), (A) any payment or distribution of assets of the Guarantor of any kind or character, whether in cash, property or securities, shall be received by the Trustee for the benefit of any Guaranteed Party on account of any of
the Guaranteed Obligations before all CERC Senior Debt is paid in full, (B) any holder of such CERC Senior Debt, notifies the Trustee of the amounts then due and owing on such CERC Senior Debt, if any, held by such holder (which notice shall be
provided as promptly as practical following notice from the Guarantor or the Company or the liquidating trustee or agent to the holders of such CERC Senior Debt that such prohibited payment has been received by the Trustee), and (C) such
payment or distribution has not thereafter been paid or distributed by the Trustee or Paying Agent to the Guaranteed Party, then such payment or distribution shall be received and held in trust by the Trustee for the benefit of the holders of such
CERC Senior Debt, or their respective representatives, ratably according to the respective amounts of such CERC Senior Debt held or represented by each, to the extent necessary to make payment as provided herein of all such CERC Senior Debt
remaining unpaid after giving effect to all concurrent payments and distributions and all provisions therefor to or for the holders of such CERC Senior Debt, and upon direction from the Guarantor or the Company, the Trustee shall pay only the
amounts specified in such notice to the Trustee referred to in clause (B) to the holders of such CERC Senior Debt. 

(d) (i) Subject to the payment in full of all CERC Senior Debt as provided herein, the Guaranteed Parties shall be
subrogated (to the extent of the payments or distributions made to the holders of such CERC Senior Debt pursuant to the provisions of this Section 3.04) to the rights of the holders of such CERC Senior Debt to receive payments or distributions
of assets of the Guarantor applicable to the CERC Senior Debt until release and discharge of the Subordinated Guarantee of Collection in accordance with Section 3.06 of this First Supplemental Indenture. For the purpose of such subrogation, no
such payments or distributions to the holders of such CERC Senior Debt by the Guarantor or by or on behalf of the Guaranteed Parties by virtue of this Section 3.04, which otherwise would have been made to such Guaranteed Parties shall, as
between the Guarantor and such Guaranteed Parties, be deemed to be payment by the Guarantor on account of such CERC Senior Debt, it being understood that the provisions of this Section 3.04 are, and are intended, solely for the purpose of
defining the relative rights of the Guaranteed Parties, on the one hand, and the holders of such CERC Senior Debt, on the other hand. 

(ii) If any payment or distribution to which any Guaranteed Party would otherwise have been entitled but for the provisions of
this Section 3.04 shall have been applied, pursuant to the provisions of this Section 3.04, to the payment of amounts payable under CERC Senior Debt, then the Trustee, on behalf of such Guaranteed Party, shall be entitled to receive from
the holders of such CERC Senior Debt any payments or distributions received by such holders of CERC Senior Debt in excess of the amount sufficient to pay all amounts payable under or in respect of such CERC Senior Debt in full and such amounts shall
be paid and distributed by the Trustee or Paying Agent to the Guaranteed Party in accordance with the terms of the Indenture. 

Section 3.05 Reinstatement. This Subordinated Guarantee of Collection shall continue to be effective, or be reinstated, as the
case may be, if and to the extent at any time payment, in whole or in part, of any of the sums due to any Guaranteed Party on account of the Guaranteed Obligations is rescinded or must otherwise be restored or returned by the Trustee upon the
insolvency, bankruptcy, dissolution, liquidation or reorganization of the Company or any other guarantors, or upon or as a result of the appointment of a custodian, receiver, trustee or other officer with similar powers with respect to the Company
or any other guarantors or any part of its or their property, or otherwise, all as though such payments had not been made. 

Section 3.06 Release and Discharge. This Subordinated Guarantee of Collection and all obligations of the Guarantor to the
Guaranteed Parties hereunder shall be automatically and unconditionally released and discharged upon the earliest to occur of (a) a defeasance or covenant defeasance applicable to the Guaranteed Notes in accordance with Article Four of the
Original Indenture, (b) the Company’s obligations under the Indenture with respect to the Guaranteed Notes are satisfied and discharged in accordance with the terms of the Indenture and (c) May 1, 2016. 

  
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 Section 3.07 Execution of First Supplemental Indenture; Validity of Subordinated
Guarantee of Collection. To evidence its Subordinated Guarantee of Collection, the Guarantor hereby agrees that a notation of its Subordinated Guarantee of Collection in the form attached as Annex E-1 hereto, with respect to the 2019
Notes, and Annex E-2 hereto, with respect to the 2024 Notes, shall be endorsed by an Officer of the Guarantor on each applicable Note authenticated and delivered by the Trustee and that this First Supplemental Indenture shall be executed on
behalf of the Guarantor by one of its Officers. The Guarantor hereby agrees that its Subordinated Guarantee of Collection shall remain in full force and effect notwithstanding any failure to endorse on each Guaranteed Note a notation of such
Guarantee. If an Officer whose signature is on this First Supplemental Indenture no longer holds that office at the time the Trustee authenticates a Guaranteed Note on which the Subordinated Guarantee of Collection is endorsed, the Subordinated
Guarantee of Collection shall be valid nevertheless. The delivery of any Guaranteed Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Subordinated Guarantee of Collection on behalf of the
Guarantor. 
 Section 3.08 Definitions. For purposes of this Article 3, the following defined terms used herein with
respect to the Notes and the Subordinated Guarantee of Collection shall, unless the context otherwise requires, have the meanings specified below. 

“Accounting Changes” refers to changes in accounting principles required or permitted by the promulgation of any rule,
regulation, pronouncement or opinion by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants or, if applicable, the Commission and includes the adoption or implementation of International Financial
Reporting Standards or changes in lease accounting. 
 “Accounting Principles” means GAAP applied in a manner consistent
with that used in preparing the applicable financial statements, as may be modified in connection with any Accounting Changes. 

“Capitalized Lease” of a Person means any lease of Property by such Person as lessee which would be capitalized on a balance
sheet of such Person prepared in accordance with Accounting Principles. 
 “Capitalized Lease Obligations” of a Person
means the amount of the obligations of such Person under Capitalized Leases which would be shown as a liability on a balance sheet of such Person prepared in accordance with Accounting Principles. 

“CERC Senior Debt” means all of the Guarantor’s existing and future Indebtedness that is not, by its terms, expressly
equal in right of payment to or subordinated to the Subordinated Guarantee of Collection. 
 “CERC Subsidiary” means any
corporation or other entity of which securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other Persons performing similar functions are at the time directly or indirectly owned by the
Guarantor. 
 “Consolidated CERC Subsidiary” means at any date any CERC Subsidiary or other entity the accounts of which
would be consolidated with the Guarantor in its consolidated financial statements if such statements were prepared as of such date. 

“Consolidated Hedging Exposure” means, at any time with respect to all applicable Swap Agreements to which the Guarantor or a
CERC Subsidiary is a counterparty, the aggregate consolidated net exposure of the Guarantor or such CERC Subsidiary under all such agreements on a marked to market basis in accordance with GAAP. 

“Designated CERC Senior Debt” means any CERC Senior Debt (a) that, at the date of determination, has an aggregate
principal amount outstanding of, or under which the holders thereof are committed to lend up to, at least $100,000,000 or (b) designated by the Guarantor at the time of issuance thereof as Designated CERC Senior Debt for purposes of the
Subordinated Guarantee of Collection. 

  
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 “Guaranteed Notes” has the meaning set forth in Section 3.01 of this First
Supplemental Indenture. 
 “Guaranteed Obligations” has the meaning set forth in Section 3.01 of this First
Supplemental Indenture. 
 “Guaranteed Party” has the meaning set forth in Section 3.01 of this First Supplemental
Indenture. 
 “Indebtedness” of any Person means at any date, without duplication, (a) all obligations of such Person
for borrowed money, (b) all indebtedness of such Person for the deferred purchase price of property or services purchased (excluding accounts payable and trade payables), (c) all indebtedness created or arising under any conditional sale
or other title retention agreement with respect to property acquired, (d) all Capitalized Lease Obligations in accordance with Accounting Principles, (e) all reimbursement obligations, contingent or otherwise, outstanding under letters of
credit, bankers’ acceptances, bank guaranties, surety bonds and similar instruments, (f) unless otherwise cash collateralized, Consolidated Hedging Exposure, (g) indebtedness of the type described in clauses (a) through
(f) above secured by any lien (statutory or other), mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever
(including the interest of a vendor or lessor under any conditional sale, Capitalized Lease or other title retention agreement) on property or assets of such Person, whether or not assumed (but in any event if such indebtedness is not assumed or
guaranteed, the amount constituting Indebtedness under this clause shall not exceed the fair market value of the property or asset subject to such security interest), (h) all direct guarantees of Indebtedness referred to in clauses
(a) through (f) above of another Person, and (i) all Off Balance Sheet Indebtedness of such Person. For the purpose of determining “Indebtedness,” any particular Indebtedness shall be excluded if and to the extent that
(1) the necessary funds for the payment, redemption or satisfaction of that Indebtedness (including, to the extent applicable, any associated prepayment penalties, fees or payments and such other amounts required in connection therewith) shall
have been irrevocably deposited with the proper depositary in trust or (2) the holder or beneficiary of such Indebtedness is an affiliate of the Guarantor. 

“Off Balance Sheet Indebtedness” means, with respect to any Person, (a) any repurchase obligation or repurchase
liability of such Person with respect to accounts or notes receivable sold by such Person, (b) any liability of such Person under any sale and leaseback transactions that do not create a liability on the balance sheet of such Person,
(c) any obligations under Synthetic Leases or (d) any obligation arising with respect to any other transaction which is the functional equivalent of borrowing but which does not constitute a liability on the balance sheet of such Person.
As used herein, “Synthetic Lease” means a lease transaction under which the parties intend that (i) the lease shall be treated as an “operating lease” by the lessee pursuant to Statement of Financial Accounting Standards
No. 13, as amended and (ii) the lessee shall be entitled to various tax and other benefits ordinarily available to owners (as opposed to lessees) of like property. 

“Payment Blocking Notice” has the meaning set forth in Section 3.04(b)(ii) of this First Supplemental Indenture. 

“Payment Default” has the meaning set forth in Section 3.04(b)(i) of this First Supplemental Indenture. 

“Property” of a Person means any and all right, title and interest of such Person in or to property, whether real, personal,
tangible, intangible, or mixed. 
 “Subordinated Guarantee of Collection” has the meaning set forth in Section 3.01 of
this First Supplemental Indenture. 
 “Swap Agreements” means any agreement with respect to any swap, forward, future or
other derivative transaction or option or similar agreement entered into by the Guarantor or any of its Subsidiaries in order to provide protection to the Guarantor and/or its Subsidiaries against fluctuations in future interest rates, currency
exchange rates or commodity prices. 

  
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 ARTICLE 4 

REDEMPTION; SINKING FUND 

Section 4.01 Optional Redemption. At any time prior to April 15, 2019, with respect to the 2019 Notes, at any time prior to
February 15, 2024, with respect to the 2024 Notes and at any time prior to November 15, 2043, with respect to the 2044 Notes, the respective Notes shall be redeemable, in whole or in part, at the option of the Company at a Redemption Price
equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of the principal amount of the Notes to be redeemed and the remaining scheduled payments of interest thereon
(exclusive of interest accrued to the Redemption Date) from the Redemption Date to the respective scheduled payment dates discounted from their respective scheduled payment dates to the Redemption Date on a semiannual basis (assuming a 360-day year
consisting of twelve 30-day months) at the Treasury Rate plus (a) 15 basis points, with respect to the 2019 Notes, (b) 20 basis points, with respect to the 2024 Notes or (c) 25 basis points, with respect to the 2044 Notes, plus, in
either case, accrued and unpaid interest, if any, on the principal amount being redeemed to, but not including, such Redemption Date. From and after April 15, 2019, with respect to the 2019 Notes, from and after February 15, 2024, with
respect to the 2024 Notes, and from and after November 15, 2043, with respect to the 2044 Notes, the respective Notes shall be redeemable, in whole or in part, at the option of the Company, at a Redemption Price equal to 100% of the principal
amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, on the principal amount being redeemed to, but not including, such Redemption Date. 

Section 4.02 Mandatory Redemption. The Company shall not be required to make mandatory redemption or sinking fund payments with
respect to the Notes and shall have no obligation to repurchase any Notes at the option of the Holders. 
 ARTICLE 5 

COVENANT SUPPLEMENTS 
 The
covenants contained in this Article 5 shall apply to the Notes only and not to any other series of Securities issued under the Original Indenture, and any covenants provided in this Article 5 are expressly being included solely for the benefit of
the Notes and not for the benefit of any other series of Securities issued under the Original Indenture. The covenants contained in this Article 5 shall be effective only for so long as any Notes remain Outstanding. 

Section 5.01 Limitation on Liens. While any of the Notes remain Outstanding, the Company shall not, nor may it permit any
Principal Subsidiary to, create, or permit to be created or to exist, any Lien of any kind upon any Principal Property of the Company or any Principal Subsidiary, or upon any shares of stock of any Principal Subsidiary, whether such Principal
Property is, or shares of stock are, now owned or hereafter acquired, to secure any Debt of the Company or any other Person, unless it shall make effective provision whereby the Notes then Outstanding shall be secured by such Lien equally and
ratably with any and all such Debt thereby secured so long as such Debt shall be so secured; provided, however, that nothing in this Section 5.01 shall be construed to prevent the Company or any Principal Subsidiary from creating, or
from permitting to be created or to exist, any Liens with respect to: 
 (a) purchase money mortgages, or other purchase
money Liens or capitalized leases of any kind upon property acquired by the Company or any Principal Subsidiary after the Original Issue Date, or Liens of any kind existing on any property or any shares of stock at the time of the acquisition
thereof (including Liens that exist on any property or any shares of stock of a Person that is consolidated with or merged with or into the Company or any Principal Subsidiary or that transfers or leases all or substantially all of its properties to
the Company or any Principal Subsidiary), or conditional sales agreements or other title retention agreements and leases in the nature of title retention agreements with respect to any property hereafter acquired; provided, however, that no such
Lien shall extend to or cover any other property of the Company or such Principal Subsidiary; 

  
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 (b) Liens upon any property of the Company or any Principal Subsidiary or upon
any shares of stock of any Principal Subsidiary existing as of the Original Issue Date or upon the property or any shares of stock of any entity, which Liens existed at the time such entity became a Subsidiary of the Company; 

(c) Liens for taxes or assessments or other governmental charges or levies relating to amounts that are not yet delinquent
(after giving effect to any applicable grace period) or are being contested in good faith by appropriate proceedings; 
 (d)
pledges or deposits to secure: (i) other governmental charges or levies; (ii) obligations under worker’s compensation laws, unemployment insurance, pension plans and other social security legislation, retirement benefits and/or other
similar legislation; (iii) performance in connection with bids, tenders, contracts (other than contracts for the payment of money or borrowed money) or leases to which the Company or any Principal Subsidiary is a party; (iv) public or
statutory obligations of the Company or any Principal Subsidiary; and/or (v) surety, stay, appeal, indemnity, customs, performance or return-of-money bonds or pledges or deposits in lieu thereof and other obligations of a like nature or arising
as a result of progress payments under a contract; 
 (e) any builders’, materialmen’s, mechanics’,
carriers’, warehousemen’s, workers’, repairmen’s, operators’, landlords’ and/or other similar Liens which, if the Liens relate to obligations of the Company or any Principal Subsidiary, is not more than sixty
(60) days past due or which is being contested in good faith by appropriate proceedings, and any undetermined Lien which is incidental to construction, development, improvement or repair; 

(f) Liens created by or resulting from any litigation, proceeding, decree or order of any court or governmental authority that
at the time is being contested in good faith by appropriate proceedings, including Liens relating to judgments thereunder as to which the Company or any Principal Subsidiary has not exhausted its appellate rights; 

(g) Liens on deposits, investments or other property or rights required by any Person (i) with whom the Company or any
Principal Subsidiary enters into forward contracts, futures contracts, swap agreements or other commodities, derivative or other similar contracts (or, in each case, any credit support therefor) (A) in the ordinary course of business and
(B) in accordance with established risk management policies or practices or otherwise approved by the Board of Directors of the General Partner or a committee thereof and/or (ii) to secure liability to insurance carriers under insurance or
self-insurance arrangements; 
 (h) Liens in connection with leases or subleases (other than capital leases) made by, or
existing on property acquired, owned or leased by, the Company or any Principal Subsidiary; 
 (i) Liens securing
obligations, neither assumed by the Company or any Principal Subsidiary nor on account of which the Company or any Principal Subsidiary customarily pays interest, upon real estate or under which the Company or any Principal Subsidiary has a
right-of-way, easement, franchise or other servitude or of which the Company or any Principal Subsidiary is the lessee of the whole thereof or any interest therein for the purpose of locating pipe lines, substations, measuring stations, tanks,
pumping or delivery equipment or other equipment or facilities; 
 (j) easements (including, without limitation, reciprocal
easement agreements and utility agreements), zoning restrictions, rights-of-way, covenants, consents, reservations, encroachments, variations and other restrictions on the use of property, survey exceptions or irregularities in title thereto,
charges or encumbrances (whether or not recorded) affecting the use of real property and which are incidental to, and do not materially interfere with the use of such property in the operation of the business of the Company and its Subsidiaries,
taken as a whole, or materially impair the value of such property for the purpose of such business; 

  
 22 

 (k) Liens in favor of the United States of America, any State, any foreign
country or any department, agency or instrumentality or political subdivision of any such jurisdiction, to secure partial, progress, advance or other payments pursuant to any contract or statute or to secure any Debt incurred for the purpose of
financing all or any part of the purchase price or the cost of constructing or improving the property subject to such Liens, including, without limitation, Liens to secure Debt of the pollution control or industrial revenue bond type; 

(l) Liens of any kind upon any property acquired, constructed, developed, repaired or improved by the Company or any Principal
Subsidiary (whether alone or in association with others) that are created prior to, at the time of, or within 12 months after such acquisition (or in the case of property constructed, developed, repaired or improved, after the completion of such
construction, development, repair or improvement and commencement of full commercial operation of such property, whichever is later) to secure or provide for the payment of any part of the purchase price or cost thereof; provided, that in the case
of such construction, development, repair or improvement the Liens shall not apply to any property theretofore owned by the Company or any Principal Subsidiary other than property which was the subject of such construction, development, repair or
improvement; 
 (m) Liens in favor of the Company, one or more Principal Subsidiaries, one or more wholly-owned Subsidiaries
of the Company or any of the foregoing in combination; 
 (n) the replacement, extension or renewal (or successive
replacements, extensions or renewals), as a whole or in part, of any Lien, or of any agreement, referred to in the clauses above, or the replacement, extension or renewal of the Debt secured thereby (not exceeding the principal amount of Debt
secured thereby, other than to provide for the payment of any transaction expenses, underwriting or other fees related to any such replacement, extension or renewal, as well as any premiums owed on and accrued and unpaid interest payable in
connection with any such replacement, extension or renewal); provided, that such replacement, extension or renewal is limited to all or a part of the same property that secured the Lien replaced, extended or renewed (plus improvements thereon or
additions or accessions thereto); or 
 (o) any Lien not excepted by the foregoing clauses (a) through (n); provided,
that immediately after the creation or assumption of such Lien the aggregate principal amount of Debt of the Company or any Principal Subsidiary secured by all Liens created or assumed under the provisions of this clause (o), together with all net
sale proceeds from the Sale-Leaseback Transactions (excluding net sale proceeds applied pursuant to clause (c)(1) of Section 5.02 of this First Supplemental Indenture) shall not exceed an amount equal to 15% of the Consolidated Net Tangible
Assets for the fiscal quarter that was most recently completed prior to the creation or assumption of such Lien. Notwithstanding the foregoing, for purposes of making the calculation set forth in this clause (o), with respect to any such secured
indebtedness of a non-wholly-owned Principal Subsidiary with no recourse to the Company or any wholly-owned Principal Subsidiary thereof, only that portion of the aggregate principal amount of indebtedness for borrowed money reflecting the
Company’s pro rata ownership interest in such non-wholly-owned Principal Subsidiary shall be included in calculating compliance herewith. 

As used in this Section 5.01, the term “shares of stock” means any and all shares of Capital Stock. 

Section 5.02 Restriction of Sale-Leaseback Transaction. The Company shall not, nor may it permit any Principal Subsidiary
to, engage in a Sale-Leaseback Transaction, unless: 
 (a) the Sale-Leaseback Transaction occurs within one year from
the date of acquisition of the Principal Property subject thereto or the date of the completion of construction or commencement of full operations on such Principal Property, whichever is later, and the Company shall have elected to designate, as a
credit against (but not exceeding) the purchase price or cost of construction of such Principal Property, an amount equal to all or a portion of the net sale proceeds from such Sale-Leaseback Transaction (with any such amount not being so designated
to be applied as set forth in clause (c) below); 
 (b) the Company or such Principal Subsidiary would be entitled under
Section 4.01 of this First Supplemental Indenture to incur Debt secured by a Lien on the Principal Property subject to the Sale-Leaseback Transaction in a principal amount equal to or exceeding the net sale proceeds from such Sale-Leaseback
Transaction without equally and ratably securing the Notes; or 

  
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 (c) the Company or such Principal Subsidiary, within 365 days after such
Sale-Leaseback Transaction, applies or causes to be applied an amount not less than the net sale proceeds from such Sale-Leaseback Transaction to (1) the prepayment, repayment, redemption or retirement of any unsubordinated Debt of the Company
or any Subsidiary of the Company (A) for borrowed money or (B) evidenced by bonds, debentures, notes or other similar instruments, or (2) investment in another Principal Property. 

ARTICLE 6 
 AMENDMENTS
TO ORIGINAL INDENTURE 
 The amendments contained in this Article 6 shall apply to the Notes only and not to any other series of
Securities issued under the Original Indenture and the provisions reflected in this Article 6 are expressly being included solely for the benefit of the Notes and not for the benefit of any other Securities issued under the Original Indenture. The
provisions of this Article 6 shall be effective only for so long as any Notes remain outstanding. 
 Section 6.01 Defeasance
and Covenant Defeasance. For all purposes of the Indenture, Section 402(3) of the Original Indenture is hereby deemed to read as follows: 

“(3) Upon the Company’s exercise of the above option applicable to this Section 402(3) with respect to any Securities of or
within a series, (i) the Company shall be released from its obligations to comply with any term, provision or condition under Section 801 and Section 1007 and the covenants contained in Article 4 of the First Supplemental Indenture
with respect to such Securities and (ii) the occurrence of any event specified in Section 501(4) shall not be deemed to be an Event of Default, in each case on and after the date the conditions set forth in clause (5) of this
Section 402 are satisfied (hereinafter, “covenant defeasance”), and such Securities shall thereafter be deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or declaration or Act of Holders (and
the consequences of any thereof) in connection with any such covenant or Event of Default, but shall continue to be deemed “Outstanding” for all other purposes hereunder. For this purpose, such covenant defeasance means that, with respect
to such Outstanding Securities, the Company and, with respect to Securities of a particular series that are entitled to the benefit of the Subordinated Guarantee of Collection, CERC, may omit to comply with, and shall have no liability in respect
of, any term, condition or limitation set forth in any such covenant or Event of Default, whether directly or indirectly, by reason of any reference elsewhere herein to any covenant or by reason of reference in any such covenant to any other
provision herein or in any other document and such omission to comply shall not constitute a default or an Event of Default under Section 501(4), or Section 501(8) or otherwise, as the case may be, insofar as it relates to Section 801
or Section 1007 and the covenants contained in Article 4 of the First Supplemental Indenture, but, except as specified above, the remainder of this Indenture and such Securities shall be unaffected thereby; provided, that the obligations of the
Company with respect to the payment of Additional Amounts, if any, on such Securities as contemplated by Section 1004 shall remain unsatisfied only to the extent that the Additional Amounts payable with respect to such Securities exceed the
amount deposited in respect of such Additional Amounts pursuant to Section 402(5)(a) below; provided, further, that notwithstanding a covenant defeasance with respect to Section 801 or Section 1007, any Person to whom a sale,
assignment, transfer, lease, conveyance or other disposition is made pursuant to Section 801 or Section 1007, shall as a condition to such sale, assignment, transfer, lease, conveyance or other disposition, assume by an indenture
supplemental hereto in form satisfactory to the Trustee, executed by such successor Person and delivered to the Trustee, the obligations of the Company to the Trustee under Section 607, the second to the last paragraph of Section 402 and
the last sentence of Section 1004.”: 
 Section 6.02 Reports by Company. For all purposes of the Indenture,
Section 704 of the Original Indenture is hereby deemed to read as follows: 
 “Section 704 Reports by Company. 

  
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 The Company pursuant to Section 314(a) of the Trust Indenture Act, shall: 

(1) file with the Trustee, within 30 days after the Company has filed the same with the Commission, unless such reports are available on the
Commission’s EDGAR filing system (or any successor thereto), copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules
and regulations prescribe) that the Company is required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act; or, if the Company is not required to file information, documents or reports pursuant to
either of Section 13 or Section 15(d) of the Exchange Act, then it shall furnish to the Trustee and file with the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of the
supplementary and periodic information, documents and reports that are required pursuant to Section 13 of the Exchange Act in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time
in such rules and regulations; 
 (2) file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time
to time by the Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants of this Indenture as are required from time to time by such rules and regulations; and 

(3) transmit within 30 days after the filing thereof with the Trustee, in the manner and to the extent provided in Section 313(c) of the
Trust Indenture Act, such summaries of any information, documents and reports required to be filed by the Company pursuant to paragraphs (1) and (2) of this Section 704 as may be required by rules and regulations prescribed from time
to time by the Commission. 
 In addition, the Company agrees that, for so long as any Notes remain outstanding, if at any time the Company
is not required to file with the Commission the information, documents or reports described in Section 701(1) of the Indenture, the Company shall furnish to the Holders of Notes and to securities analysts and prospective investors for the
Notes, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act. 
 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 Officer’s Certificates). The Trustee shall have no duty to review or analyze such reports,
information and documents and shall hold such reports, information and documents solely as a repository for the benefit of the Holders of the Notes.” 

Section 6.03 Consolidation, Merger and Sales. For all purposes of the Indenture, Section 801 of the Original Indenture is
hereby deemed to read as follows: 
 “Section 801 Company May Consolidate, etc., Only on Certain Terms. 

The Company shall not directly or indirectly consolidate with or merge with or into, or sell, assign, transfer, lease, convey or otherwise
dispose of all or substantially all of the assets and properties of the Company and its Subsidiaries to another a Person other than the Company or its Subsidiaries in one or more related transactions unless: 

(1) either: (A) in the case of a merger or consolidation, the Company is the survivor; or (B) the Person formed by or surviving any
such consolidation or merger (if other than the Company) or to which such sale, assignment, transfer, lease, conveyance or other disposition has been made, is a Person formed, organized or existing under the laws of the United States, any state of
the United States or the District of Columbia; 
 (2) the Person formed by or surviving any such consolidation or merger (if other than the
Company) or the Person to which such sale, assignment, transfer, lease, conveyance or other disposition has been made shall expressly assumes the due and punctual payment of the principal of, any premium and interest on and any Additional Amounts
with respect to, all of the Notes, and the performance of every obligation in the Indenture and the Notes on the part of the Company to be performed or observed, and all of the Company’s obligations under the Registration Rights Agreement, if
any obligations under such Registration Rights Agreement remain unsatisfied, by a supplemental indenture or other agreement reasonably satisfactory to the Trustee; 

  
 25 

 (3) either the Company or the successor Person shall have delivered to the Trustee an
Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition and, if a supplemental indenture or other agreement is required in connection with
such transaction, such supplemental indenture or other agreement, complies with this Article Eight, and that all conditions precedent herein provided for relating to such transaction have been complied with; 

(4) with respect to the Guaranteed Notes, if the Company is not the survivor and the Subordinated Guarantee of Collection is still place, CERC
shall confirm that its Subordinated Guarantee of Collection shall continue to apply to the obligations under the Guaranteed Notes and the Indenture; and 

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

Section 6.04 Successor Person Substituted. For all purposes of the Indenture, Section 802 of the Original Indenture is hereby
deemed to read as follows: 
 “Section 802 Successor Person Substituted for Company. 

Upon any consolidation by the Company with, or merger of the Company into, any other Person or Persons in a transaction in which the Company
is not the survivor, or any sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the properties and assets of the Company and the properties and assets of its Subsidiaries (taken as a whole with the
properties and assets of the Company) to any Person or Persons in accordance with Section 801, the successor Person formed by such consolidation or into which the Company is merged or to which such sale, assignment, transfer, lease, conveyance
or other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under the Indenture with the same effect as if such successor Person had been named as the Company herein; and thereafter
(except in the case of a lease of the type described above), the predecessor Person shall be discharged from all obligations and covenants under the Indenture and the Notes.” 

ARTICLE 7 

MISCELLANEOUS PROVISIONS 

Section 7.01 Recitals by Company and the Guarantor. The recitals in this First Supplemental Indenture are made by the
Company and the Guarantor only and not by the Trustee, and the Trustee makes no representations as to the validity or sufficiency of this First Supplemental Indenture. All of the provisions contained in the Original Indenture in respect of the
rights, privileges, immunities, powers and duties of the Trustee shall be applicable in respect of the Notes and this First Supplemental Indenture as fully and with like effect as if set forth herein in full. 

Section 7.02 Ratification and Incorporation of Original Indenture. As amended and supplemented hereby, the Original
Indenture is in all respects ratified and confirmed, and the Original Indenture and this First Supplemental Indenture shall be read, taken and construed as one and the same instrument. If and to the extent that the provisions of the Original
Indenture are duplicative of, or in contradiction with, the provisions of this First Supplemental Indenture, the provisions of this First Supplemental Indenture shall govern. 

Section 7.03 Executed in Counterparts. This First Supplemental Indenture may be executed in several counterparts, each of which
shall be deemed to be an original, and such counterparts shall together constitute but one and the same instrument. Portable Document Format (PDF) or facsimile signatures shall be deemed originals. 

Section 7.04 Governing Law; Waiver of Jury Trial. THIS FIRST SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO AGREEMENTS MADE OR INSTRUMENTS ENTERED INTO

  
 26 

 
AND, IN EACH CASE, PERFORMED IN SAID STATE. EACH OF THE COMPANY, THE GUARANTOR 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 FIRST SUPPLEMENTAL INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

Section 7.05 Effect of Headings. The Article and Section headings herein are for convenience only and shall not affect the
construction thereof. 

  
 27 

 IN WITNESS WHEREOF, each party hereto has caused this instrument to be signed in its name and
behalf by its duly authorized signatory, all as of the day and year first above written. 
  

			
	 ENABLE MIDSTREAM PARTNERS, LP

	
	 By: ENABLE GP, LLC, its general partner

		
	 By:
	 	/s/ Rodney J. Sailor
	 Name:
	 	Rodney J. Sailor
	 Title:
	 	Executive Vice President and Chief Financial Officer
	
	 CENTERPOINT ENERGY RESOURCES CORP.

		
	 By:
	 	/s/ Gary L. Whitlock
	 Name:
	 	Gary L. Whitlock
	 Title:
	 	Executive Vice President and Chief Financial Officer
	
	 U.S. BANK NATIONAL ASSOCIATION, as Trustee

		
	 By:
	 	/s/ Mauri J. Cowen
	 Name:
	 	Mauri J. Cowen
	 Title:
	 	Vice President

 Signature Page to First Supplemental Indenture 

 ANNEX A-1 

FORM OF 2019 NOTE 

[FORM OF FACE OF NOTE] 

ENABLE MIDSTREAM PARTNERS, LP 

2.400% Senior Note due 2019 
 [Insert the
Global Security Legend, if applicable pursuant to the provisions of the Indenture] 
 [Insert the Private Placement Legend, if applicable pursuant to the
provisions of the Indenture] 

  
 A-1 Face - 1 

			
	No.            	  	U.S.$                     
	CUSIP: 292480AA8 / U2916GAA8	  	
	ISIN: US292480AA83 / USU2916GAA86	  	

 Enable Midstream Partners, LP, a Delaware limited partnership (herein called the “Company,”
which term includes any successor or resulting Person under the Indenture (as defined on the reverse hereof), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of
                 United States Dollars on May 15, 2019, and to pay interest thereon from May 27, 2014, or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, semi-annually on May 15 and November 15 (each, an “Interest Payment Date”) in each year, commencing on November 15, 2014, at the rate of 2.400% per annum, until the
principal hereof is paid or made available for payment and at the same rate per annum on any overdue principal and premium and on any overdue installment of interest (to the extent that the payment of such interest shall be legally enforceable) and
shall pay the Additional Interest payable pursuant to Section 5 of the Registration Rights Agreement referred to below. Interest on this Security shall be computed on the basis of a 360-day year comprised of twelve 30-day months. The amount of
interest payable for any partial period shall be computed on the basis of a 360-day year comprised of twelve 30-day months and the days elapsed in any partial month. If any date on which interest is payable on this Security is not a Business Day,
then the payment of the interest payable on such date shall be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) with the same force and effect as if made on the date the
payment was originally payable. A Business Day shall mean, when used with respect to any Place of Payment, each day that is not a Saturday or Sunday or other day on which banking institutions in that Place of Payment are authorized or required by
law, regulation or executive order to close. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date shall, as provided in the Indenture, be paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the May 1 or November 1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment
Date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice of which shall be given to Holders of Securities of this series not less than 10 days prior to
such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed or traded, and upon such notice as may be required by
such exchange, all as more fully provided in such Indenture. 
 The Holder of this Security is entitled to the benefits of the Registration
Rights Agreement dated as of May 27, 2014 (the “Registration Rights Agreement”) by and among the Company, CenterPoint Energy Resources Corp. (the “Guarantor”) and RBS Securities Inc., Merrill Lynch, Pierce,
Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC, as representatives for the initial purchasers referenced therein, and such Holders shall also have certain obligations to indemnify the Company
under certain circumstances, all as more fully set forth in the Registration Rights Agreement. In certain events, the Company shall be required to pay Additional Interest on this Security to the Holder thereof, on the terms and subject to the
conditions of the Registration Rights Agreement. 
 [If a Global Security, insert—Payment of the principal of (and premium, if any) and
interest on this Security shall be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of principal of, premium, if any, and interest on this
Security shall be made by wire transfer of immediately available funds to the Depositary for this Global Security; provided, that in the case of payments of principal and premium, if any, at maturity or upon redemption, this Security is first
surrendered to the Paying Agent.] 
 [If a Definitive Security, insert—Payment of the principal of (and premium, if any) and interest
on this Security shall be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of (i) principal, premium, if any, and interest due at the
Stated Maturity or earlier redemption of this Security shall be made at the office of any Paying Agent upon surrender of this Security to such Paying Agent and (ii) interest shall be made, at the option of the Company, subject to such surrender
where applicable, by (A) check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (B) wire transfer at such place and to such account at a banking institution in the United States
as may be designated in writing to the Trustee at least 16 days prior to the date for payment by the Person entitled thereto.] 

  
 A-1 Face - 2 

 Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of
authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

Dated:                 ,
         
  

					
	 ENABLE MIDSTREAM PARTNERS, LP

		
	 By:
	 	Enable GP, LLC, its general partner
			
		 	By:	 	 
		 	Name:	 	 
		 	Title:	 	 

  

  
 A-1 Face - 3 

 [Form of Trustee’s Certificate of Authentication] 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

			
	 U.S. BANK NATIONAL ASSOCIATION, as Trustee

		
	 By:
	 	 
		 	Authorized Signatory
		 	

  
 A-1 Face - 4 

 [REVERSE OF NOTE] 

ENABLE MIDSTREAM PARTNERS, LP 

2.400% Senior Note due 2019 

This Security is one of a duly authorized issue of senior securities of the Company (the “Securities”), issued and to be
issued in one or more series under an Indenture, dated as of May 27, 2014 (such Indenture, as amended and supplemented being referred to herein as the “Indenture”), between the Company and U.S. Bank National Association, as
trustee (the “Trustee,” which term includes any successor trustee under the Indenture), as amended and supplemented by the First Supplemental Indenture thereto dated as of May 27, 2014, by and among the Company, the Guarantor
and the Trustee, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Company, the Guarantor, the
Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. Capitalized terms used but not defined herein have the meanings set forth in the Indenture. This Security is one of
the series designated on the face hereof, initially limited in aggregate principal amount to $            . To the extent any provision of this Security conflicts with the express
provisions of the Indenture, the Indenture shall govern and be controlling. The Company may issue an unlimited aggregate principal amount of additional Securities of this series under the Indenture. Any such additional Securities shall be treated as
issued and outstanding Securities of the same series as this Security (with identical terms other than with respect to the issue date, the date of first payment of interest, if applicable, and the payment of interest accruing prior to the issue
date) for all purposes of the Indenture, including waivers, amendments, and redemptions. 
 This Security is the general, unsecured, senior
obligation of the Company and is guaranteed pursuant to a guarantee (the “Subordinated Guarantee of Collection”) by the Guarantor. The Subordinated Guarantee of Collection is an unsecured subordinated obligation of the Guarantor and
is subject to automatic release. 
 At any time prior to April 15, 2019, this Security is redeemable, in whole or in part, at the
option of the Company at a Redemption Price equal to the greater of (i) 100% of the principal amount of this Security to be redeemed and (ii) the sum of the present values of the principal amount of this Security to be redeemed and the
remaining scheduled payments of interest hereon (exclusive of interest accrued to the Redemption Date) from the Redemption Date to the respective scheduled payment dates discounted from their respective scheduled payment dates to the Redemption Date
on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 15 basis points, plus, in either case, accrued and unpaid interest, if any, on the principal amount being redeemed to, but not including,
such Redemption Date. From and after April 15, 2019, this Security is redeemable, in whole or in part, at the option of the Company, at a Redemption Price equal to 100% of the principal amount of this Security to be redeemed, plus accrued and
unpaid interest, if any, on the principal amount being redeemed to, but not including, such Redemption Date. 
 For purposes of determining
any Redemption Price, the following definitions shall apply: 
 “Comparable Treasury Issue” means the United States
Treasury security selected by the Quotation Agent as having a maturity comparable to the term between the Redemption Date and the Stated Maturity (the “Remaining Life”) that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the Remaining Life. 

“Comparable Treasury Price” means, with respect to any Redemption Date, (a) the average of five Reference Treasury
Dealer Quotations for such Redemption Date after excluding the highest and lowest of all of the Reference Treasury Dealer Quotations or (b) if the Quotation Agent obtains fewer than five such Reference Treasury Dealer Quotations, the average of
all such quotations. 
 “Quotation Agent” means the Reference Treasury Dealer appointed by the Company. 

“Reference Treasury Dealer” means (a) RBS Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated,
Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC, and their respective successors; provided, however, that if any of the foregoing ceases to be a U.S. government securities dealer (a “Primary Treasury Dealer”),
the Company shall substitute therefor another Primary Treasury Dealer and (b) one other Primary Treasury Dealer selected by the Company. 

  
 A-1-1 

 “Reference Treasury Dealer Quotations” means, with respect to each Reference
Treasury Dealer and any Redemption Date, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the
Quotation Agent by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 

“Treasury Rate” means, with respect to any Redemption Date, the rate per year equal to the semiannual equivalent yield to
maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. The Treasury Rate shall be
calculated on the third Business Day preceding any Redemption Date. 
 Unless the Company defaults in payment of the Redemption Price, on
and after the Redemption Date, interest shall cease to accrue on this Security or the portions hereof called for redemption. 
 In the event
of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof. 

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

The Indenture contains provisions for defeasance at any time of (a) the entire indebtedness of this Security or (b) certain
restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture. 

If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series
may be declared due and payable in the manner and with the effect provided in the Indenture. 
 The Indenture permits, with certain
exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company, the Guarantor and any other Guarantor, and the rights of the Holders of the Securities of each series to be affected under the
Indenture at any time by the Company, the Guarantor or any other Guarantor and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also
contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company, the
Guarantor or any other Guarantor with certain provisions of the Indenture and certain existing and past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding
upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, regardless of whether notation of such consent or waiver is made upon this
Security. 
 No Holder of this Security shall have any right to institute any proceeding, judicial or otherwise, with respect to the
Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless (a) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of this
series, (b) as set forth in the Indenture, the Holders of not less than 25% of the principal amount of the Outstanding Securities of this series shall have made written request to the Trustee to institute proceedings in respect of certain
Events of Default set forth in the Indenture in its own name as Trustee hereunder, (c) such Holder or Holders have offered to the Trustee indemnity satisfactory to the Trustee against the costs, expenses and liabilities to be incurred in
compliance with such request, (d) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding and (e) no direction inconsistent with such written request has been
given to the Trustee during such 60-day period by the Holders of not less than a majority in 

  
 A-1-2 

 
aggregate principal amount of the Outstanding Securities of this series; it being understood and intended that no one or more of such Holders shall have any right in any manner whatsoever by
virtue of, or by availing of, any provision of the Indenture or this Security to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or to
enforce any right under the Indenture, except in the manner herein provided or provided in the Indenture and for the equal and ratable benefit of all such Holders. 

No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place(s) and rate, and in the coin or currency, herein prescribed. 

The Securities of this series are issuable only in registered form without coupons in denominations of U.S. $2,000 and any integral multiple
of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a
different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such
registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge and any other expenses (including fees and expenses of the Trustee) payable in connection therewith, other
than exchanges pursuant to Sections 304, 306, 906 and 1107 of the Indenture. 
 Except as provided in the Indenture, prior to due
presentment of this Security for registration of transfer, the Company, the Guarantor, the Trustee and any agent of the Company, the Guarantor or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all
purposes, whether or not this Security is overdue, and none of the Company, the Guarantor, the Trustee nor any such agent shall be affected by notice to the contrary. 

No recourse under or upon any obligation, covenant or agreement of or contained in the Indenture or of or contained in this Security, or the
Subordinated Guarantee of Collection endorsed thereon, or for any claim based thereon or otherwise in respect thereof, or in any Security or in the Subordinated Guarantee of Collection, or because of the creation of any indebtedness represented
thereby, shall be had against any incorporator, shareholder, partner, member, officer, manager or director, as such, past, present or future, of the Company or the Guarantor or of any successor Person, either directly or through the Company or the
Guarantor or any successor Person, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment, penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and
released by the acceptance hereof and as a condition of, and as part of the consideration for, the execution of the Indenture and the issuance of the Securities. 

This Security shall be governed by and construed in accordance with the laws of the State of New York applicable to agreements made or
instruments entered into and, in each case, performed in said State. 

  
 A-1-3 

 Schedule of Exchanges of Interests in the Global Security* 

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

															
	 

Date of Exchange
	  	Amount of decrease
in Principal Amount
of this Global Security	 	  	Amount of increase
in Principal Amount
of this Global Security	 	  	Principal Amount of
this Global Security
following such
decrease (or
increase)	 	  	Signature of
authorized officer of
Trustee or Custodian
		  	$	    	  	  	$	    	  	  	$	    	  	  	

  

	*	This schedule should be included only if the Security is in global form. 

  
 A-1-4 

 ANNEX A-2 

FORM OF 2024 NOTE 

[FORM OF FACE OF NOTE] 

ENABLE MIDSTREAM PARTNERS, LP 

3.900% Senior Note due 2024 
 [Insert the
Global Security Legend, if applicable pursuant to the provisions of the Indenture] 
 [Insert the Private Placement Legend, if applicable pursuant to the
provisions of the Indenture] 

  
 A-2 Face - 1 

			
	No.            	  	U.S.$                    
	CUSIP: 292480AC4 / U2916GAB6	  	
	ISIN: US292480AC40 / USU2916GAB69	  	

 Enable Midstream Partners, LP, a Delaware limited partnership (herein called the “Company,”
which term includes any successor or resulting Person under the Indenture (as defined on the reverse hereof), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of
                 United States Dollars on May 15, 2024, and to pay interest thereon from May 27, 2014, or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, semi-annually on May 15 and November 15 (each, an “Interest Payment Date”) in each year, commencing on November 15, 2014, at the rate of 3.900% per annum, until the
principal hereof is paid or made available for payment and at the same rate per annum on any overdue principal and premium and on any overdue installment of interest (to the extent that the payment of such interest shall be legally enforceable) and
shall pay the Additional Interest payable pursuant to Section 5 of the Registration Rights Agreement referred to below. Interest on this Security shall be computed on the basis of a 360-day year comprised of twelve 30-day months. The amount of
interest payable for any partial period shall be computed on the basis of a 360-day year comprised of twelve 30-day months and the days elapsed in any partial month. If any date on which interest is payable on this Security is not a Business Day,
then the payment of the interest payable on such date shall be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) with the same force and effect as if made on the date the
payment was originally payable. A Business Day shall mean, when used with respect to any Place of Payment, each day that is not a Saturday or Sunday or other day on which banking institutions in that Place of Payment are authorized or required by
law, regulation or executive order to close. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date shall, as provided in the Indenture, be paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the May 1 or November 1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment
Date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice of which shall be given to Holders of Securities of this series not less than 10 days prior to
such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed or traded, and upon such notice as may be required by
such exchange, all as more fully provided in such Indenture. 
 The Holder of this Security is entitled to the benefits of the Registration
Rights Agreement dated as of May 27, 2014 (the “Registration Rights Agreement”) by and among the Company, CenterPoint Energy Resources Corp. (the “Guarantor”) and RBS Securities Inc., Merrill Lynch, Pierce,
Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC, as representatives for the initial purchasers referenced therein, and such Holders shall also have certain obligations to indemnify the Company
under certain circumstances, all as more fully set forth in the Registration Rights Agreement. In certain events, the Company shall be required to pay Additional Interest on this Security to the Holder thereof, on the terms and subject to the
conditions of the Registration Rights Agreement. 
 [If a Global Security, insert—Payment of the principal of (and premium, if any) and
interest on this Security shall be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of principal of, premium, if any, and interest on this
Security shall be made by wire transfer of immediately available funds to the Depositary for this Global Security; provided, that in the case of payments of principal and premium, if any, at maturity or upon redemption, this Security is first
surrendered to the Paying Agent.] 
 [If a Definitive Security, insert—Payment of the principal of (and premium, if any) and interest
on this Security shall be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of (i) principal, premium, if any, and interest due at the
Stated Maturity or earlier redemption of this Security shall be made at the office of any Paying Agent upon surrender of this Security to such Paying Agent and (ii) interest shall be made, at the option of the Company, subject to such surrender
where applicable, by (A) check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (B) wire transfer at such place and to such account at a banking institution in the United States
as may be designated in writing to the Trustee at least 16 days prior to the date for payment by the Person entitled thereto.] 
  

  
 A-2 Face - 2 

 Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of
authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

Dated:                ,
         
  

					
	 ENABLE MIDSTREAM PARTNERS, LP

		
	 By:
	 	Enable GP, LLC, its general partner
			
		 	 By:
	 	 
		 	 Name:
	 	 
		 	 Title:
	 	 

  

  
 A-2 Face - 3 

 [Form of Trustee’s Certificate of Authentication] 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

			
	 U.S. BANK NATIONAL ASSOCIATION, as Trustee

		
	 By:
	 	 
		 	 Authorized Signatory

  
 A-2 Face - 4 

 [REVERSE OF NOTE] 

ENABLE MIDSTREAM PARTNERS, LP 

3.900% Senior Note due 2024 

This Security is one of a duly authorized issue of senior securities of the Company (the “Securities”), issued and to be
issued in one or more series under an Indenture, dated as of May 27, 2014 (such Indenture, as amended and supplemented being referred to herein as the “Indenture”), between the Company and U.S. Bank National Association, as
trustee (the “Trustee,” which term includes any successor trustee under the Indenture), as amended and supplemented by the First Supplemental Indenture thereto dated as of May 27, 2014, by and among the Company, the Guarantor
and the Trustee, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Company, the Guarantor, the
Trustee and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. Capitalized terms used but not defined herein have the meanings set forth in the Indenture. This Security is one of
the series designated on the face hereof, initially limited in aggregate principal amount to $            . To the extent any provision of this Security conflicts with the express
provisions of the Indenture, the Indenture shall govern and be controlling. The Company may issue an unlimited aggregate principal amount of additional Securities of this series under the Indenture. Any such additional Securities shall be treated as
issued and outstanding Securities of the same series as this Security (with identical terms other than with respect to the issue date, the date of first payment of interest, if applicable, and the payment of interest accruing prior to the issue
date) for all purposes of the Indenture, including waivers, amendments, and redemptions. 
 This Security is the general, unsecured, senior
obligation of the Company and is guaranteed pursuant to a guarantee (the “Subordinated Guarantee of Collection”) by the Guarantor. The Subordinated Guarantee of Collection is an unsecured subordinated obligation of the Guarantor and
is subject to automatic release. 
 At any time prior to February 15, 2024, this Security is redeemable, in whole or in part, at the
option of the Company at a Redemption Price equal to the greater of (i) 100% of the principal amount of this Security to be redeemed and (ii) the sum of the present values of the principal amount of this Security to be redeemed and the
remaining scheduled payments of interest hereon (exclusive of interest accrued to the Redemption Date) from the Redemption Date to the respective scheduled payment dates discounted from their respective scheduled payment dates to the Redemption Date
on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 20 basis points, plus, in either case, accrued and unpaid interest, if any, on the principal amount being redeemed to, but not including,
such Redemption Date. From and after February 15, 2024, this Security is redeemable, in whole or in part, at the option of the Company, at a Redemption Price equal to 100% of the principal amount of this Security to be redeemed, plus accrued
and unpaid interest, if any, on the principal amount being redeemed to, but not including, such Redemption Date. 
 For purposes of
determining any Redemption Price, the following definitions shall apply: 
 “Comparable Treasury Issue” means the United
States Treasury security selected by the Quotation Agent as having a maturity comparable to the term between the Redemption Date and the Stated Maturity (the “Remaining Life”) that would be utilized, at the time of selection and in
accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the Remaining Life. 

“Comparable Treasury Price” means, with respect to any Redemption Date, (a) the average of five Reference Treasury
Dealer Quotations for such Redemption Date after excluding the highest and lowest of all of the Reference Treasury Dealer Quotations or (b) if the Quotation Agent obtains fewer than five such Reference Treasury Dealer Quotations, the average of
all such quotations. 
 “Quotation Agent” means the Reference Treasury Dealer appointed by the Company. 

“Reference Treasury Dealer” means (a) RBS Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated,
Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC, and their respective successors; provided, however, that if any of the foregoing ceases to be a U.S. government securities dealer (a “Primary Treasury Dealer”),
the Company shall substitute therefor another Primary Treasury Dealer and (b) one other Primary Treasury Dealer selected by the Company. 

  
 A-2 - 1 

 “Reference Treasury Dealer Quotations” means, with respect to each Reference
Treasury Dealer and any Redemption Date, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the
Quotation Agent by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 

“Treasury Rate” means, with respect to any Redemption Date, the rate per year equal to the semiannual equivalent yield to
maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. The Treasury Rate shall be
calculated on the third Business Day preceding any Redemption Date. 
 Unless the Company defaults in payment of the Redemption Price, on
and after the Redemption Date, interest shall cease to accrue on this Security or the portions hereof called for redemption. 
 In the event
of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof. 

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

The Indenture contains provisions for defeasance at any time of (a) the entire indebtedness of this Security or (b) certain
restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture. 

If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series
may be declared due and payable in the manner and with the effect provided in the Indenture. 
 The Indenture permits, with certain
exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company, the Guarantor and any other Guarantor, and the rights of the Holders of the Securities of each series to be affected under the
Indenture at any time by the Company, the Guarantor or any other Guarantor and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also
contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company, the
Guarantor or any other Guarantor with certain provisions of the Indenture and certain existing and past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding
upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, regardless of whether notation of such consent or waiver is made upon this
Security. 
 No Holder of this Security shall have any right to institute any proceeding, judicial or otherwise, with respect to the
Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless (a) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of this
series, (b) as set forth in the Indenture, the Holders of not less than 25% of the principal amount of the Outstanding Securities of this series shall have made written request to the Trustee to institute proceedings in respect of certain
Events of Default set forth in the Indenture in its own name as Trustee hereunder, (c) such Holder or Holders have offered to the Trustee indemnity satisfactory to the Trustee against the costs, expenses and liabilities to be incurred in
compliance with such request, (d) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding and (e) no direction inconsistent with such written request has been
given to the Trustee during such 60-day period by the Holders of not less than a majority in 

  
 A-2 - 2 

 
aggregate principal amount of the Outstanding Securities of this series; it being understood and intended that no one or more of such Holders shall have any right in any manner whatsoever by
virtue of, or by availing of, any provision of the Indenture or this Security to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or to
enforce any right under the Indenture, except in the manner herein provided or provided in the Indenture and for the equal and ratable benefit of all such Holders. 

No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place(s) and rate, and in the coin or currency, herein prescribed. 

The Securities of this series are issuable only in registered form without coupons in denominations of U.S. $2,000 and any integral multiple
of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a
different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such
registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge and any other expenses (including fees and expenses of the Trustee) payable in connection therewith, other
than exchanges pursuant to Sections 304, 306, 906 and 1107 of the Indenture. 
 Except as provided in the Indenture, prior to due
presentment of this Security for registration of transfer, the Company, the Guarantor, the Trustee and any agent of the Company, the Guarantor or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all
purposes, whether or not this Security is overdue, and none of the Company, the Guarantor, the Trustee nor any such agent shall be affected by notice to the contrary. 

No recourse under or upon any obligation, covenant or agreement of or contained in the Indenture or of or contained in this Security, or the
Subordinated Guarantee of Collection endorsed thereon, or for any claim based thereon or otherwise in respect thereof, or in any Security or in the Subordinated Guarantee of Collection, or because of the creation of any indebtedness represented
thereby, shall be had against any incorporator, shareholder, partner, member, officer, manager or director, as such, past, present or future, of the Company or the Guarantor or of any successor Person, either directly or through the Company or the
Guarantor or any successor Person, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment, penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and
released by the acceptance hereof and as a condition of, and as part of the consideration for, the execution of the Indenture and the issuance of the Securities. 

This Security shall be governed by and construed in accordance with the laws of the State of New York applicable to agreements made or
instruments entered into and, in each case, performed in said State. 

  
 A-2 - 3 

 Schedule of Exchanges of Interests in the Global Security* 

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

															
	 Date of Exchange
	  	Amount of decrease
in Principal Amount
of this Global Security	 	  	Amount of increase
in Principal Amount
of this Global Security	 	  	Principal Amount of
this Global Security
following such
decrease (or
increase)	 	  	Signature of
authorized officer of
Trustee or Custodian
		  	$	        	  	  	$	        	  	  	$	        	  	  	

  

	*	This schedule should be included only if the Security is in global form. 

  
 A-2 - 4 

 ANNEX A-3 

FORM OF 2044 NOTE 

[FORM OF FACE OF NOTE] 

ENABLE MIDSTREAM PARTNERS, LP 

5.000% Senior Note due 2044 
 [Insert the
Global Security Legend, if applicable pursuant to the provisions of the Indenture] 
 [Insert the Private Placement Legend, if applicable pursuant to the
provisions of the Indenture] 

  
 Face A-3 - 1 

					
	No.                 	  	 	U.S.$                	  
	CUSIP: 292480AE0 / U2916GAC4	  			
	ISIN: US292480AE06 / USU2916GAC43	  			

 Enable Midstream Partners, LP, a Delaware limited partnership (herein called the “Company,”
which term includes any successor or resulting Person under the Indenture (as defined on the reverse hereof), for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum of
                 United States Dollars on May 15, 2044, and to pay interest thereon from May 27, 2014, or from the most recent Interest Payment Date to which
interest has been paid or duly provided for, semi-annually on May 15 and November 15 (each, an “Interest Payment Date”) in each year, commencing on November 15, 2014, at the rate of 5.000% per annum, until the
principal hereof is paid or made available for payment and at the same rate per annum on any overdue principal and premium and on any overdue installment of interest (to the extent that the payment of such interest shall be legally enforceable) and
shall pay the Additional Interest payable pursuant to Section 5 of the Registration Rights Agreement referred to below. Interest on this Security shall be computed on the basis of a 360-day year comprised of twelve 30-day months. The amount of
interest payable for any partial period shall be computed on the basis of a 360-day year comprised of twelve 30-day months and the days elapsed in any partial month. If any date on which interest is payable on this Security is not a Business Day,
then the payment of the interest payable on such date shall be made on the next succeeding day that is a Business Day (and without any interest or other payment in respect of any such delay) with the same force and effect as if made on the date the
payment was originally payable. A Business Day shall mean, when used with respect to any Place of Payment, each day that is not a Saturday or Sunday or other day on which banking institutions in that Place of Payment are authorized or required by
law, regulation or executive order to close. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date shall, as provided in the Indenture, be paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the May 1 or November 1 (whether or not a Business Day), as the case may be, next preceding such Interest Payment
Date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more Predecessor
Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice of which shall be given to Holders of Securities of this series not less than 10 days prior to
such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed or traded, and upon such notice as may be required by
such exchange, all as more fully provided in such Indenture. 
 The Holder of this Security is entitled to the benefits of the Registration
Rights Agreement dated as of May 27, 2014 (the “Registration Rights Agreement”) by and among the Company, CenterPoint Energy Resources Corp. (“CERC”) and RBS Securities Inc., Merrill Lynch, Pierce,
Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC, as representatives for the initial purchasers referenced therein, and such Holders shall also have certain obligations to indemnify the Company
under certain circumstances, all as more fully set forth in the Registration Rights Agreement. In certain events, the Company shall be required to pay Additional Interest on this Security to the Holder thereof, on the terms and subject to the
conditions of the Registration Rights Agreement. 
 [If a Global Security, insert—Payment of the principal of (and premium, if any) and
interest on this Security shall be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of principal of, premium, if any, and interest on this
Security shall be made by wire transfer of immediately available funds to the Depositary for this Global Security; provided, that in the case of payments of principal and premium, if any, at maturity or upon redemption, this Security is first
surrendered to the Paying Agent.] 
 [If a Definitive Security, insert—Payment of the principal of (and premium, if any) and interest
on this Security shall be made in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. Payments of (i) principal, premium, if any, and interest due at the
Stated Maturity or earlier redemption of this Security shall be made at the office of any Paying Agent upon surrender of this Security to such Paying Agent and (ii) interest shall be made, at the option of the Company, subject to such surrender
where applicable, by (A) check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (B) wire transfer at such place and to such account at a banking institution in the United States
as may be designated in writing to the Trustee at least 16 days prior to the date for payment by the Person entitled thereto.] 

  
 Face A-3 - 2 

 Reference is hereby made to the further provisions of this Security set forth on the reverse
hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of
authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

Dated:                ,
         
  

					
	 ENABLE MIDSTREAM PARTNERS, LP

		
	 By:
	 	Enable GP, LLC, its general partner
			
		 	 By:
	 	 
		 	 Name:
	 	 
		 	 Title:
	 	 

  

  
 Face A-3 - 3 

 [Form of Trustee’s Certificate of Authentication] 

This is one of the Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

			
	 U.S. BANK NATIONAL ASSOCIATION, as Trustee

		
	 By:
	 	 
		 	 Authorized Signatory

  
 Face A-3 - 4 

 [REVERSE OF NOTE] 

ENABLE MIDSTREAM PARTNERS, LP 

5.000% Senior Note due 2044 

This Security is one of a duly authorized issue of senior securities of the Company (the “Securities”), issued and to be
issued in one or more series under an Indenture, dated as of May 27, 2014 (such Indenture, as amended and supplemented being referred to herein as the “Indenture”), between the Company and U.S. Bank National Association, as
trustee (the “Trustee,” which term includes any successor trustee under the Indenture), as amended and supplemented by the First Supplemental Indenture thereto dated as of May 27, 2014, by and among the Company, CERC and the
Trustee, to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Company, CERC, the Trustee and the
Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. Capitalized terms used but not defined herein have the meanings set forth in the Indenture. This Security is one of the series
designated on the face hereof, initially limited in aggregate principal amount to $            . To the extent any provision of this Security conflicts with the express provisions of the
Indenture, the Indenture shall govern and be controlling. The Company may issue an unlimited aggregate principal amount of additional Securities of this series under the Indenture. Any such additional Securities shall be treated as issued and
outstanding Securities of the same series as this Security (with identical terms other than with respect to the issue date, the date of first payment of interest, if applicable, and the payment of interest accruing prior to the issue date) for all
purposes of the Indenture, including waivers, amendments, and redemptions. 
 At any time prior to November 15, 2043, this Security is
redeemable, in whole or in part, at the option of the Company at a Redemption Price equal to the greater of (i) 100% of the principal amount of this Security to be redeemed and (ii) the sum of the present values of the principal amount of
this Security to be redeemed and the remaining scheduled payments of interest hereon (exclusive of interest accrued to the Redemption Date) from the Redemption Date to the respective scheduled payment dates discounted from their respective scheduled
payment dates to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 25 basis points, plus, in either case, accrued and unpaid interest, if any, on the principal amount
being redeemed to, but not including, such Redemption Date. From and after November 15, 2043, this Security is redeemable, in whole or in part, at the option of the Company, at a Redemption Price equal to 100% of the principal amount of this
Security to be redeemed, plus accrued and unpaid interest, if any, on the principal amount being redeemed to, but not including, such Redemption Date. 

For purposes of determining any Redemption Price, the following definitions shall apply: 

“Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having a maturity
comparable to the term between the Redemption Date and the Stated Maturity (the “Remaining Life”) that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the Remaining Life. 
 “Comparable Treasury Price” means, with respect
to any Redemption Date, (a) the average of five Reference Treasury Dealer Quotations for such Redemption Date after excluding the highest and lowest of all of the Reference Treasury Dealer Quotations or (b) if the Quotation Agent obtains
fewer than five such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Quotation Agent” means
the Reference Treasury Dealer appointed by the Company. 
 “Reference Treasury Dealer” means (a) RBS Securities Inc.,
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC, and their respective successors; provided, however, that if any of the foregoing ceases to be a U.S. government securities
dealer (a “ Primary Treasury Dealer”), the Company shall substitute therefor another Primary Treasury Dealer and (b) one other Primary Treasury Dealer selected by the Company. 

  
 A-3 - 1 

 “Reference Treasury Dealer Quotations” means, with respect to each Reference
Treasury Dealer and any Redemption Date, the average, as determined by the Quotation Agent, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the
Quotation Agent by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 

“Treasury Rate” means, with respect to any Redemption Date, the rate per year equal to the semiannual equivalent yield to
maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. The Treasury Rate shall be
calculated on the third Business Day preceding any Redemption Date. 
 Unless the Company defaults in payment of the Redemption Price, on
and after the Redemption Date, interest shall cease to accrue on this Security or the portions hereof called for redemption. 
 In the event
of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof shall be issued in the name of the Holder hereof upon the cancellation hereof. 

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

The Indenture contains provisions for defeasance at any time of (a) the entire indebtedness of this Security or (b) certain
restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture. 

If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series
may be declared due and payable in the manner and with the effect provided in the Indenture. 
 The Indenture permits, with certain
exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company, the Guarantor and any other Guarantor, and the rights of the Holders of the Securities of each series to be affected under the
Indenture at any time by the Company, the Guarantor or any other Guarantor and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the time Outstanding of each series to be affected. The Indenture also
contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all Securities of such series, to waive compliance by the Company, the
Guarantor or any other Guarantor with certain provisions of the Indenture and certain existing and past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding
upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, regardless of whether notation of such consent or waiver is made upon this
Security. 
 No Holder of this Security shall have any right to institute any proceeding, judicial or otherwise, with respect to the
Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless (a) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of this
series, (b) as set forth in the Indenture, the Holders of not less than 25% of the principal amount of the Outstanding Securities of this series shall have made written request to the Trustee to institute proceedings in respect of certain
Events of Default set forth in the Indenture in its own name as Trustee hereunder, (c) such Holder or Holders have offered to the Trustee indemnity satisfactory to the Trustee against the costs, expenses and liabilities to be incurred in
compliance with such request, (d) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding and (e) no direction inconsistent with such written request has been
given to the Trustee during such 60-day period by the Holders of not less than a majority in aggregate principal amount of the Outstanding Securities of this series; it being understood and intended that no one or more of such Holders shall have any
right in any manner whatsoever by virtue of, or by availing of, any provision of the Indenture or this Security to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over
any other of such Holders or to enforce any right under the Indenture, except in the manner herein provided or provided in the Indenture and for the equal and ratable benefit of all such Holders. 

  
 A-3 - 2 

 No reference herein to the Indenture and no provision of this Security or of the Indenture shall
alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place(s) and rate, and in the coin or currency, herein prescribed. 

The Securities of this series are issuable only in registered form without coupons in denominations of U.S. $2,000 and any integral multiple
of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a
different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such
registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge and any other expenses (including fees and expenses of the Trustee) payable in connection therewith, other
than exchanges pursuant to Sections 304, 306, 906 and 1107 of the Indenture. 
 Except as provided in the Indenture, prior to due
presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this
Security is overdue, and none of the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 
 No recourse
under or upon any obligation, covenant or agreement of or contained in the Indenture or of or contained in this Security, or for any claim based thereon or otherwise in respect thereof, or in any Security, or because of the creation of any
indebtedness represented thereby, shall be had against any incorporator, shareholder, partner, member, officer, manager or director, as such, past, present or future, of the Company or of any successor Person, either directly or through the Company
or any successor Person, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment, penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released by
the acceptance hereof and as a condition of, and as part of the consideration for, the execution of the Indenture and the issuance of the Securities. 

This Security shall be governed by and construed in accordance with the laws of the State of New York applicable to agreements made or
instruments entered into and, in each case, performed in said State. 

  
 A-3 - 3 

 Schedule of Exchanges of Interests in the Global Security* 

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

															
	 Date of Exchange
	  	Amount of decrease
in Principal Amount
of this Global Security	 	  	Amount of increase
in Principal Amount
of this Global Security	 	  	Principal Amount of
this Global Security
following such
decrease (or
increase)	 	  	Signature of
authorized officer of
Trustee or Custodian
		  	$	 	  	  	$	 	  	  	$	 	  	  	

  

	*	This schedule should be included only if the Security is in global form. 

  
 A-3 - 4 

 ANNEX B 

FORM OF CERTIFICATE OF TRANSFER 
 Enable
Midstream Partners, LP 
 One Leadership Square 
 211 North
Robinson Avenue, Suite 950 
 Oklahoma City, Oklahoma 73102 

U.S. Bank National Association 
 100 Wall Street, New York 

New York, New York 10005 
  

	Re:	[2.400% Senior Notes due 2019] [3.900% Senior Notes due 2024] [5.000% Senior Notes due 2044] (the “Notes”) 

Reference is hereby made to the Indenture, dated as of May 27, 2014 (the “Original Indenture”), between Enable Midstream
Partners, L.P., a Delaware limited partnership (the “Company”), and U.S. Bank National Association, as trustee (the “Trustee”), as supplemented by the First Supplemental Indenture, dated as of May 27, 2014 (the
“First Supplemental Indenture”), among the Company, CenterPoint Energy Resources Corp., a Delaware corporation, and the Trustee (the Original Indenture, as so amended and supplemented by the First Supplemental Indenture, the
“Indenture”). Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

                 (the “Transferor”)
owns and proposes to transfer the Note[s] or interest in such Note[s] specified in Exhibit A hereto, in the principal amount of $             in such Note[s] or interests (the
“Transfer”), to                 (the “Transferee”), as further specified in Exhibit A hereto. In connection with the Transfer, the
Transferor hereby certifies that: 
 [CHECK ALL THAT APPLY] 

1.  ̈ Check if Transferee will take delivery of a beneficial interest in the 144A Global
Security or a Restricted Definitive Security pursuant to Rule 144A. The Transfer is being effected pursuant to and in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and, accordingly,
the Transferor hereby further certifies that the beneficial interest or Definitive Security is being transferred to a Person that the Transferor reasonably believes is purchasing the beneficial interest or Definitive Security for its own account, or
for one or more accounts with respect to which such Person exercises sole investment discretion, and such Person and each such account is a “qualified institutional buyer” within the meaning of Rule 144A in a transaction meeting the
requirements of Rule 144A, and such Transfer is in compliance with any applicable blue sky securities laws of any state of the United States. Upon consummation of the proposed Transfer in accordance with the terms of the First Supplemental
Indenture, the transferred beneficial interest or Definitive Security will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the 144A Global Security and/or the Restricted Definitive Security and in the
First Supplemental Indenture and the Securities Act. 
 2.  ̈ Check if Transferee will take
delivery of a beneficial interest in the Regulation S Global Security or a Restricted Definitive Security pursuant to Regulation S. The Transfer is being effected pursuant to and in accordance with Rule 903 or Rule 904 under the Securities Act and,
accordingly, the Transferor hereby further certifies that (i) the Transfer is not being made to a Person in the United States and (x) at the time the buy order was originated, the Transferee was outside the United States or such Transferor
and any Person acting on its behalf reasonably believed and believes that the Transferee was outside the United States or (y) the transaction was executed in, on or through the facilities of a designated offshore securities market and neither
such Transferor nor any Person acting on its behalf knows that the transaction was prearranged with a buyer in the United States, (ii) no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or Rule 904(b)
of Regulation S under the Securities Act and (iii) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act. Upon consummation of the proposed transfer in accordance with the terms of the
First Supplemental Indenture, the transferred beneficial interest or Definitive Security will be subject to the restrictions on Transfer enumerated in the Private Placement Legend printed on the Regulation S Global Security and/or the Restricted
Definitive Security and in the First Supplemental Indenture and the Securities Act. 

  
 B - 1 

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

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

or 
  

	 	(b)	such Transfer is being effected to the Issuers or a subsidiary thereof; 

 or 

 

	 	(c)	such Transfer is being effected pursuant to an effective registration statement under the Securities Act and in compliance with the prospectus delivery requirements of the Securities Act; 

or 
  

	 	(d)	such Transfer is being effected to an Institutional Accredited Investor and pursuant to an exemption from the registration requirements of the Securities Act other than Rule 144A, Rule 144, Rule 903 or Rule 904, and the
Transferor hereby further certifies that it has not engaged in any general solicitation within the meaning of Regulation D under the Securities Act and the Transfer complies with the transfer restrictions applicable to beneficial interests in a
Restricted Global Security or Restricted Definitive Security and the requirements of the exemption claimed, which certification is supported by (1) a certificate executed by the Transferee in the form of Annex D to the First Supplemental
Indenture and (2) if such Transfer is in respect of a principal amount of Notes at the time of transfer of less than $250,000, an Opinion of Counsel provided by the Transferor or the Transferee (a copy of which the Transferor has attached to
this certification), to the effect that such Transfer is in compliance with the Securities Act. Upon consummation of the proposed transfer in accordance with the terms of the First Supplemental Indenture, the transferred beneficial interest or
Definitive Security will be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on a Restricted Global Security and/or the Restricted Definitive Securities and in the First Supplemental Indenture and the
Securities Act. 

 4.  ̈ Check if Transferee will take delivery of a beneficial
interest in an Unrestricted Global Security or of an Unrestricted Definitive Security. 
  

	 	(a)	 ̈ Check if Transfer is pursuant to Rule 144. (i) The Transfer is being effected pursuant to and in accordance with Rule 144 under the Securities Act and in compliance
with the transfer restrictions contained in the First Supplemental Indenture and any applicable blue sky securities laws of any state of the United States and (ii) the restrictions on transfer contained in the First Supplemental Indenture and
the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in accordance with the terms of the First Supplemental Indenture, the transferred beneficial interest
or Definitive Security will no longer be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global Securities, on Restricted Definitive Securities and in the First Supplemental Indenture.

  
 B - 2 

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

  

	 	(c)	 ̈ Check if Transfer is Pursuant to Other Exemption. (i) The Transfer is being effected pursuant to and in compliance with an exemption from the registration
requirements of the Securities Act other than Rule 144, Rule 903 or Rule 904 and in compliance with the transfer restrictions contained in the First Supplemental Indenture and any applicable blue sky securities laws of any State of the United States
and (ii) the restrictions on transfer contained in the First Supplemental Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act. Upon consummation of the proposed Transfer in
accordance with the terms of the First Supplemental Indenture, the transferred beneficial interest or Definitive Security will not be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Global
Securities or Restricted Definitive Securities and in the First Supplemental Indenture. 

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

			
	[Insert Name of Transferor]
		
	By:	 	 
		 	Name:
		 	Title:

Dated:                     

 

  
 B - 3 

 EXHIBIT A TO CERTIFICATE OF TRANSFER 

 

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

 [CHECK ONE OF (a) OR (b)]

  

	 	(a)	 ̈ a beneficial interest in the: 

  

	 	(i)	144A Global Security (CUSIP                     ), or 

 

	 	(ii)	Regulation S Global Security (CUSIP                     ), or 

 

	 	(b)	 ̈ a Restricted Definitive Security. 

 in
accordance with the terms of the First Supplemental Indenture. 
  

	2.	After the Transfer the Transferee will hold: 

 [CHECK ONE OF (a), (b) OR (c)] 

 

	 	(a)	 ̈ a beneficial interest in the: 

  

	 	(i)	144A Global Security (CUSIP                     ), or 

 

	 	(ii)	Regulation S Global Security (CUSIP                     ), or 

 

	 	(iii)	Unrestricted Global Security (CUSIP                     ); or 

 

	 	(b)	 ̈ a Restricted Definitive Security; or 

  

	 	(c)	 ̈ an Unrestricted Definitive Security, 

  
 B - 4 

 ANNEX C 

FORM OF CERTIFICATE OF EXCHANGE 
 Enable
Midstream Partners, LP 
 One Leadership Square 
 211 North
Robinson Avenue, Suite 950 
 Oklahoma City, Oklahoma 73102 

U.S. Bank National Association 
 100 Wall Street, New York 

New York, New York 10005 
  

	Re:	[2.400% Senior Notes due 2019] [3.900% Senior Notes due 2024] [5.000% Senior Notes due 2044] (the “Notes”) 

(CUSIP                 ) 

Reference is hereby made to the Indenture, dated as of May 27, 2014 (the “Original Indenture”), between Enable Midstream
Partners, L.P., a Delaware limited partnership (the “Company”), and U.S. Bank National Association, as trustee (the “Trustee”), as supplemented by the First Supplemental Indenture, dated as of May 27, 2014 (the
“First Supplemental Indenture”), among the Company, CenterPoint Energy Resources Corp., a Delaware corporation, and the Trustee (the Original Indenture, as so amended and supplemented by the First Supplemental Indenture, the
“Indenture”). Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

                 (the “Owner”) owns
and proposes to exchange the Note[s] or interest in such Note[s] specified herein, in the principal amount of $             in such Note[s] or interests (the “Exchange”).
In connection with the Exchange, the Owner hereby certifies that: 
 1. Exchange of Restricted Definitive Securities or Beneficial Interests
in a Restricted Global Security for Unrestricted Definitive Securities or Beneficial Interests in an Unrestricted Global Security 
 (a)  ̈ Check if Exchange is from beneficial interest in a Restricted Global Security to beneficial interest in an Unrestricted Global Security. In connection with the Exchange of the Owner’s beneficial
interest in a Restricted Global Security for a beneficial interest in an Unrestricted Global Security in an equal principal amount, the Owner hereby certifies (i) the beneficial interest is being acquired for the Owner’s own account
without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Global Securities and pursuant to and in accordance with the Securities Act of 1933, as amended (the “Securities
Act”), (iii) the restrictions on transfer contained in the First Supplemental Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the beneficial interest in
an Unrestricted Global Security is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 

(b)  ̈ Check if Exchange is from beneficial interest in a Restricted Global Security to
Unrestricted Definitive Security. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Security for an Unrestricted Definitive Security, the Owner hereby certifies (i) the Definitive Security is being
acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to the Restricted Global Securities and pursuant to and in accordance with the Securities
Act, (iii) the restrictions on transfer contained in the First Supplemental Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Definitive Security is being
acquired in compliance with any applicable blue sky securities laws of any state of the United States. 
 (c) [Reserved] 

  
 C - 1 

 (d)  ̈ Check if Exchange is from Restricted
Definitive Security to Unrestricted Definitive Security. In connection with the Owner’s Exchange of a Restricted Definitive Security for an Unrestricted Definitive Security, the Owner hereby certifies (i) the Unrestricted Definitive
Security is being acquired for the Owner’s own account without transfer, (ii) such Exchange has been effected in compliance with the transfer restrictions applicable to Restricted Definitive Securities and pursuant to and in accordance
with the Securities Act, (iii) the restrictions on transfer contained in the First Supplemental Indenture and the Private Placement Legend are not required in order to maintain compliance with the Securities Act and (iv) the Unrestricted
Definitive Security is being acquired in compliance with any applicable blue sky securities laws of any state of the United States. 
 2.
Exchange of Restricted Definitive Securities or Beneficial Interests in Restricted Global Securities for Restricted Definitive Securities or Beneficial Interests in Restricted Global Securities 

(a)  ̈ Check if Exchange is from beneficial interest in a Restricted Global Security to
Restricted Definitive Security. In connection with the Exchange of the Owner’s beneficial interest in a Restricted Global Security for a Restricted Definitive Security with an equal principal amount, the Owner hereby certifies that the
Restricted Definitive Security is being acquired for the Owner’s own account without transfer. Upon consummation of the proposed Exchange in accordance with the terms of the First Supplemental Indenture, the Restricted Definitive Security
issued will continue to be subject to the restrictions on transfer enumerated in the Private Placement Legend printed on the Restricted Definitive Security and in the First Supplemental Indenture and the Securities Act. 

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

 

			
	 [Insert Name of Owner]

		
	 By:
	 	 
		 	Name:
		 	Title:

Dated:                     

  
 C - 2 

 ANNEX D 

FORM OF CERTIFICATE FROM 

ACQUIRING INSTITUTIONAL ACCREDITED INVESTOR 

Enable Midstream Partners, LP 
 One Leadership Square 

211 North Robinson Avenue, Suite 950 
 Oklahoma City, Oklahoma
73102 
 U.S. Bank National Association 
 100 Wall Street, New
York 
 New York, New York 10005 
  

	Re:	[2.400% Senior Notes due 2019] [3.900% Senior Notes due 2024] [5.000% Senior Notes due 2044] (the “Notes”) 

Reference is hereby made to the Indenture, dated as of May 27, 2014 (the “Original Indenture”), between Enable Midstream
Partners, L.P., a Delaware limited partnership (the “Company”), and U.S. Bank National Association, as trustee (the “Trustee”), as supplemented by the First Supplemental Indenture, dated as of May 27, 2014 (the
“First Supplemental Indenture”), among the Company, CenterPoint Energy Resources Corp., a Delaware corporation, and the Trustee (the Original Indenture, as so amended and supplemented by the First Supplemental Indenture, the
Indenture”). Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 
 In connection
with our proposed purchase of $             aggregate principal amount of: 
 (a)
a beneficial interest in a Global Security, or 
 (b) a Definitive Security, 

we confirm that: 
 1. We
understand that any subsequent transfer of the Notes or any interest therein is subject to certain restrictions and conditions set forth in the Indenture and the undersigned agrees to be bound by, and not to resell, pledge or otherwise transfer the
Notes or any interest therein except in compliance with, such restrictions and conditions and the Securities Act of 1933, as amended (the “Securities Act”). 

2. We understand that the offer and sale of the Notes have not been registered under the Securities Act, and that the Notes and any interest
therein may not be offered or sold except as permitted in the following sentence. We agree, on our own behalf and on behalf of any accounts for which we are acting as hereinafter stated, that if we should sell the Notes or any interest therein, we
will do so only (A) to the Company or any subsidiary thereof, (B) in accordance with Rule 144A under the Securities Act to a “qualified institutional buyer” (as defined therein), (C) to an institutional “accredited
investor” (as defined below) that, prior to such transfer, furnishes (or has furnished on its behalf by a U.S. broker-dealer) to you and to the Company a signed letter substantially in the form of this letter and, if such transfer is in respect
of a principal amount of Notes, at the time of transfer of less than $250,000, an Opinion of Counsel in form reasonably acceptable to the Company to the effect that such transfer is in compliance with the Securities Act, (D) outside the United
States in accordance with Rule 904 of Regulation S under the Securities Act, (E) pursuant to the provisions of Rule 144 under the Securities Act or (F) pursuant to an effective registration statement under the Securities Act, and we
further agree to provide to any Person purchasing the Definitive Security or beneficial interest in a Global Note from us in a transaction meeting the requirements of clauses (A) through (E) of this paragraph a notice advising such
purchaser that resales thereof are restricted as stated herein. 
 3. We understand that, on any proposed resale of the Notes or beneficial
interest therein, we will be required to furnish to you and the Company such certifications, legal opinions and other information as you and the Company may reasonably require to confirm that the proposed sale complies with the foregoing
restrictions. We further understand that the Notes purchased by us will bear a legend to the foregoing effect. 

  
 D - 1 

 4. We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2),
(3) or (7) of Regulation D under the Securities Act) and have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the Notes, and we and any accounts for
which we are acting are each able to bear the economic risk of our or its investment. 
 5. We are acquiring the Notes or beneficial interest
therein purchased by us for our own account or for one or more accounts (each of which is an institutional “accredited investor”) as to each of which we exercise sole investment discretion. 

You and the Company are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any
interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 
  

			
	 [Insert Name of Accredited Investor]

		
	 By:
	 	 
		 	Name:
		 	Title:

Dated:                     

  
 D - 2 

 ANNEX E-1 

NOTATION OF SUBORDINATED GUARANTEE OF COLLECTION 

The Guarantor (which term includes any successor Person under the Indenture) named below has guaranteed the full and prompt collection of the
Company’s obligations under the 2.400% Senior Notes due 2019 (the “Securities”) and the Company’s obligations under the Indenture with respect to such Securities. Such Guarantee is a guaranty of collection only, and not a
guaranty of payment. 
 The obligations of the Guarantor to the Holders of Securities and to the Trustee pursuant to such Guarantee and the
Indenture are expressly set forth in Article 3 of the First Supplemental Indenture and reference is hereby made to the First Supplemental Indenture for the precise terms of such Guarantee. 

 

			
	 CENTERPOINT ENERGY RESOURCES CORP.

		
	 By:
	 	 
	 Name:
	 	
	 Title:
	 	

  
 E-1-1 

 ANNEX E-2 

NOTATION OF SUBORDINATED GUARANTEE OF COLLECTION 

The Guarantor (which term includes any successor Person under the Indenture) named below has guaranteed the full and prompt collection of the
Company’s obligations under the 3.900% Senior Notes due 2024 (the “Securities”) and the Company’s obligations under the Indenture with respect to such Securities. Such Guarantee is a guaranty of collection only, and not a
guaranty of payment. 
 The obligations of the Guarantor to the Holders of Securities and to the Trustee pursuant to such Guarantee and the
Indenture are expressly set forth in Article 3 of the First Supplemental Indenture and reference is hereby made to the First Supplemental Indenture for the precise terms of such Guarantee. 

 

			
	 CENTERPOINT ENERGY RESOURCES CORP.

		
	 By:
	 	 
	 Name:
	 	
	 Title:
	 	

  
 E-2-1EX-10.3

 EXHIBIT 10.3 

EXECUTION VERSION 

REGISTRATION RIGHTS AGREEMENT 

by and among 
 Enable Midstream
Partners, LP, 
 CenterPoint Energy Resources Corp., 

and 
 RBS Securities,
Inc., 
 Merrill Lynch, Pierce, Fenner & Smith Incorporated, 

Credit Suisse Securities (USA) LLC, and 

RBC Capital Markets, LLC 

Dated May 27, 2014 

 REGISTRATION RIGHTS AGREEMENT 

This Registration Rights Agreement (this “Agreement”) is made and entered into May 27, 2014, by and among Enable
Midstream Partners, LP, a Delaware limited partnership (the “Issuer”), CenterPoint Energy Resources Corp., a Delaware corporation (the “Guarantor”), and RBS Securities Inc., Merrill Lynch, Pierce, Fenner &
Smith Incorporated, Credit Suisse Securities (USA) LLC, and RBC Capital Markets, LLC, as representatives (the “Representatives”) of the several initial purchasers named in Schedule I to the Purchase Agreement (as defined below) (the
“Initial Purchasers”), each of whom has agreed to purchase the Issuer’s 2.400% Senior Notes due 2019 (the “2019 Notes”), 3.900% Senior Notes due 2024 (the “2024 Notes”), and 5.000% Senior Notes
due 2044 (the “2044 Notes” and, together with the 2019 Notes and the 2024 Notes, the “Initial Notes”). The 2019 Notes and the 2024 Notes will be guaranteed as to collection of the Issuer’s obligations under the
2019 Notes and the 2024 Notes on an unsecured subordinated basis by the Guarantor (the “Guarantee”), subject to automatic release in certain instances as described in the Indenture (as defined below). The Initial Notes and the
Guarantee are herein collectively referred to as the “Initial Securities.” 
 This Agreement is made pursuant to the
Purchase Agreement, dated May 19, 2014 (the “Purchase Agreement”), by and among the Issuer, the Guarantor and the Representatives. In order to induce the Initial Purchasers to purchase the Initial Securities, the Issuer and the
Guarantor have agreed to provide the registration rights set forth in this Agreement. The execution and delivery of this Agreement is a condition to the obligations of the Initial Purchasers under the Purchase Agreement as set forth in
Section 6(k) of the Purchase Agreement. 
 The parties hereby agree as follows: 

SECTION 1. Definitions. Capitalized terms used herein and not otherwise defined shall have the meaning assigned to them in the
Indenture, and the following terms shall have the following meanings: 
 2019 Notes: As defined in the preamble hereto. 

2024 Notes: As defined in the preamble hereto. 

2044 Notes: As defined in the preamble hereto. 

Agreement: As defined in the preamble hereto. 

Broker-Dealer: Any broker or dealer registered under the Exchange Act. 

Business Day: 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. 
 Commission: The U.S. Securities and Exchange Commission. 

 Consummate: An Exchange Offer shall be deemed “Consummated” for purposes of this
Agreement upon the occurrence of (i) the filing and effectiveness under the Securities Act of the Exchange Offer Registration Statement relating to the Exchange Securities to be issued in the Exchange Offer, (ii) the maintenance of such
Exchange Offer Registration Statement as continuously effective and the keeping of the Exchange Offer open for a period not less than the period required pursuant to Section 3(b) hereof, and (iii) the delivery by the Issuer to the
Registrar under the Indenture of Exchange Securities in the same aggregate principal amount as the aggregate principal amount of Initial Securities that were validly tendered by Holders thereof pursuant to the Exchange Offer. 

controlling person: As defined in Section 8(a) hereof. 

DTC: The Depository Trust Company or its nominee. 

Effectiveness Target Date: The date that is 500 days after the date hereof. 

Exchange Act: The Securities Exchange Act of 1934, as amended, including the rules and regulations promulgated thereunder. 

Exchange Offer: The exchange and issuance by the Issuer of a principal amount of Exchange Securities (which shall be registered
pursuant to the Exchange Offer Registration Statement) equal to the aggregate principal amount of Initial Securities that are validly tendered by such Holders in connection with such exchange and issuance. 

Exchange Offer Registration Statement: The Registration Statement relating to the Exchange Offer, including the related Prospectus.

 Exchange Securities: The (i) 2.400% Senior Notes due 2019, (ii) 3.900% Senior Notes due 2024, and (iii) 5.000%
Senior Notes due 2044, including in the case of (i) and (ii) the related guarantee of such notes by the Guarantor pursuant to the Indenture, to be issued pursuant to the Indenture in the Exchange Offer or as contemplated by Section 4
hereof. 
 FINRA: The Financial Industry Regulatory Authority. 

General Partner: Enable GP, LLC, a Delaware limited liability company and the sole general partner of the Issuer. 

Guarantee: As defined in the preamble hereto. 

Guarantor: As defined in the preamble hereto. 

Holder: As defined in Section 2(b) hereof. 

Indemnified Holder: As defined in Section 8(a) hereof. 

Indenture: The indenture, dated May 27, 2014, by and among the Issuer and the Trustee, as supplemented by the first supplemental
indenture, dated May 27, 2014, by and among the Issuer, the Guarantor and the Trustee, and as may be amended or supplemented from time to time in accordance with the terms thereof. 

  
 2 

 Initial Notes: As defined in the preamble hereto. 

Initial Placement: The issuance and sale by the Issuer of the Initial Securities to the Initial Purchasers pursuant to the Purchase
Agreement. 
 Initial Purchasers: As defined in the preamble hereto. 

Initial Securities: As defined in the preamble hereto. 

Issue Date: May 27, 2014 

Issuer: As defined in the preamble hereto. 

Person: An individual, partnership, limited liability company, corporation, trust, unincorporated organization or other legal entity,
or a government or agency or political subdivision thereof. 
 Prospectus: The prospectus included in a Registration Statement, as
amended or supplemented by any prospectus supplement and by all other amendments thereto, including post-effective amendments, and all material incorporated by reference into such prospectus. 

Purchase Agreement: As defined in the preamble hereto. 

Registration Default: The occurrence of any of the following: (i) unless the Exchange Offer shall not be permissible under
applicable law or Commission policy, the Issuer and Guarantor do not use commercially reasonable efforts to have the Exchange Offer Registration Statement declared effective and the Exchange Offer Consummated on or prior to the Effectiveness Target
Date, (ii) the Shelf Registration Statement, if required pursuant to Section 4(a) hereof, has not become or been declared effective within 60 days after the Effectiveness Target Date, (iii) if the Issuer receives a request from a
Holder of Transfer Restricted Securities pursuant to Section 4(a)(iii), the Shelf Registration Statement required to be filed thereby has not become or been declared effective within 60 days after the Effectiveness Target Date,
(iv) the Shelf Registration Statement, if required by this Agreement, has become or been declared effective and thereafter ceases to be effective or the Prospectus contained therein ceases to be usable, in each case whether or not permitted by
this Agreement, at any time during the Shelf Effectiveness Period, and such failure to remain effective or usable exists for more than 30 days (whether or not consecutive) in any 12-month period or (v) the Shelf Registration Statement, if
required by this Agreement, has become or been declared effective and thereafter, on more than two occasions in any 12-month period during the Shelf Effectiveness Period, the Shelf Registration Statement ceases to be effective or the Prospectus
contained therein ceases to be usable, in each case whether or not permitted by this Agreement. 
 Registration Statement: Any
registration statement of the Issuer and the Guarantor relating to (i) an offering of Exchange Securities pursuant to an Exchange Offer or (ii) the registration for resale of Transfer Restricted Securities pursuant to the Shelf
Registration 

  
 3 

 
Statement, which is filed pursuant to the provisions of this Agreement, in each case, including all amendments and supplements thereto (including
post-effective amendments) and all exhibits and material incorporated by reference therein. 

Securities Act: The Securities Act of 1933, as amended, including the rules and regulations promulgated thereunder. 

Shelf Effectiveness Period: As defined in Section 4(a) hereof. 

Shelf Registration Statement: As defined in Section 4(a) hereof. 

Transfer Restricted Securities: Each Initial Security until the earliest to occur of (i) the date on which such Initial Security
has been exchanged in the Exchange Offer by a Person other than a Broker-Dealer for an Exchange Security entitled to be resold to the public by the Holder thereof without complying with the prospectus delivery requirements of the Securities Act,
(ii) following the exchange by a Broker-Dealer in the Exchange Offer of an Initial Security for an Exchange Security, the date on which such Exchange Security is sold, pursuant to the “Plan of Distribution” section contained in the
Prospectus forming a part of the Exchange Offer Registration Statement, to a purchaser who receives from such Broker-Dealer on or prior to the date of such sale a copy of the Prospectus contained in the Exchange Offer Registration Statement,
(iii) the date on which the resale of such Initial Security has been effectively registered under the Securities Act and disposed of in accordance with the Shelf Registration Statement (and the purchasers thereof have been issued Exchange
Securities) or (iv) the date on which such Initial Security would be permitted to be distributed to the public pursuant to Rule 144 without limitation under the Securities Act. 

Trustee: U.S. Bank National Association. 

Trust Indenture Act: The Trust Indenture Act of 1939 (15 U.S.C. Section 77aaa 77bbbb), as amended, including the rules and
regulations promulgated thereunder, in each case as in effect on the date of the Indenture. 
 Underwritten Registration or Underwritten
Offering: A registration under a Shelf Registration Statement, pursuant to which securities of the Issuer and the Guarantor are sold to an underwriter or underwriters for reoffering to the public. 

SECTION 2. Securities Subject to this Agreement. 

(a) Transfer Restricted Securities. The securities entitled to the benefits of this Agreement are the Transfer Restricted Securities.

 (b) Holders of Transfer Restricted Securities. A Person is deemed to be a holder of Transfer Restricted Securities (each, a
“Holder”) whenever such Person owns Transfer Restricted Securities. 
 (c) Notwithstanding anything contained herein to the
contrary, upon the earliest to occur of (i) a defeasance or covenant defeasance applicable to the 2019 Notes or the 2024 Notes in accordance with the Indenture, (ii) the discharge of the Issuer’s obligations under

  
 4 

 
the Indenture with respect to the 2019 Notes or the 2024 Notes in accordance with the terms of the Indenture and (iii) May 1, 2016, (A) the term “Exchange Securities” as
used herein shall be deemed to exclude the Guarantee by the Guarantor pursuant to the Indenture and (B) the Guarantor shall have no further obligations with respect to this Agreement. 

SECTION 3. Registered Exchange Offer. 

(a) Unless the Exchange Offer shall not be permissible under applicable law or Commission policy, each of the Issuer and the Guarantor shall
(i) use its commercially reasonable efforts to cause to be filed with the Commission after the Issue Date, a Registration Statement under the Securities Act relating to the Exchange Securities and the Exchange Offer, (ii) use its
commercially reasonable efforts to cause such Registration Statement to become or be declared effective under the Securities Act, (iii) in connection with the foregoing, file (A) all pre-effective
amendments to such Registration Statement as may be necessary in order to cause such Registration Statement to become or be declared effective, (B) if applicable, a post-effective amendment to such
Registration Statement pursuant to Rule 430A under the Securities Act and (C) any necessary filings in connection with the registration and qualification of the Exchange Securities to be made under the state securities or blue sky laws of such
jurisdictions as are necessary to permit Consummation of the Exchange Offer, and (iv) promptly after such Registration Statement is declared effective by the Commission, commence the Exchange Offer. The Exchange Offer Registration Statement
shall be on the appropriate form permitting (i) registration of the offer and issuance of the Exchange Securities to be offered in exchange for the Initial Securities that are Transfer Restricted Securities and (ii) resales of the Initial
Securities by Broker-Dealers who currently hold Transfer Restricted Securities that were acquired for their own account as a result of market-making activities or other trading activities (other than Initial Securities acquired directly from the
Issuer or any of its Affiliates) as contemplated by Section 3(c) below. 
 (b) Each of the Issuer and the Guarantor shall use its
commercially reasonable efforts to cause the Exchange Offer Registration Statement to be effective continuously and shall keep the Exchange Offer open for a period of not less than the minimum period required under applicable United States federal
and state securities laws to Consummate the Exchange Offer; provided, however, that in no event shall such period be less than 20 Business Days after the date on which notice of the Exchange Offer is first mailed to the Holders. The
Issuer and the Guarantor shall cause the Exchange Offer to comply with all applicable United States federal and state securities laws. No securities other than the Exchange Securities shall be included in the Exchange Offer Registration Statement.
Each of the Issuer and the Guarantor shall use its commercially reasonable efforts to cause the Exchange Offer to be Consummated no later than 60 Business Days after the date on which the Exchange Offer Registration Statement has become effective,
or such later date as may be required by United States federal securities laws. 
 (c) The Issuer shall indicate in a “Plan of
Distribution” section contained in the Prospectus forming a part of the Exchange Offer Registration Statement that any Broker-Dealer who holds Initial Securities that are Transfer Restricted Securities
that were acquired for its own account as a result of market-making activities or other trading activities (other than Transfer Restricted Securities acquired directly from the Issuer or any of its
Affiliates), may exchange such Initial Securities pursuant to the Exchange Offer; however, such 

  
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Broker-Dealer may be deemed to be an “underwriter” within the meaning of the Securities Act and must, therefore, deliver a prospectus meeting the
requirements of the Securities Act in connection with any resales of the Exchange Securities received by such Broker-Dealer in the Exchange Offer, which prospectus delivery requirement may be satisfied by the
delivery by such Broker-Dealer of the Prospectus contained in the Exchange Offer Registration Statement. Such “Plan of Distribution” section shall also contain all other information with respect to
such resales by Broker-Dealers that the Commission may require in order to permit such resales pursuant thereto, but such “Plan of Distribution” shall not name any such
Broker-Dealer or disclose the amount of Initial Securities held by any such Broker-Dealer except to the extent requested or required by the Commission. 

Each of the Issuer and the Guarantor shall use its commercially reasonable efforts to keep the Exchange Offer Registration Statement
continuously effective, supplemented and amended as required by the provisions of Section 6(c) hereof to the extent necessary to ensure that it is available for resales of Initial Securities acquired by any
Broker-Dealer for its own account as a result of market-making activities or other trading activities, and to ensure that the Exchange Offer Registration Statement
conforms with the requirements of this Agreement, the Securities Act and the policies, rules and regulations of the Commission as announced from time to time, for a period ending on the earlier of (i) 180 days from the date on which the
Exchange Offer Registration Statement is declared effective by the Commission and (ii) the date on which Broker-Dealers are no longer required to deliver a prospectus in connection with market-making or other trading activities. 
 The Issuer shall provide sufficient copies of the latest
version of such Prospectus to Broker-Dealers promptly upon request at any time during such 180-day period (or a shorter period as provided in the foregoing sentence) in
order to facilitate such resales. 
 SECTION 4. Shelf Registration. 

(a) Shelf Registration. (a) If (i) the Issuer and the Guarantor are not required to file an Exchange Offer Registration
Statement or to consummate the Exchange Offer because the Exchange Offer is not permitted by applicable law or Commission policy, (ii) for any reason the Exchange Offer is not Consummated within 30 Business Days after the Effectiveness Target
Date with respect to the Exchange Offer Registration Statement, or (iii) with respect to any Holder of Transfer Restricted Securities, such Holder notifies the Issuer prior to the 20th Business Day following the consummation of the Exchange
Offer that (A) such Holder is prohibited by applicable law or Commission policy from participating in the Exchange Offer, (B) such Holder may not resell the Exchange Securities acquired by it in the Exchange Offer to the public without
delivering a prospectus and that the Prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales by such Holder, or (C) such Holder is a
Broker-Dealer and holds Initial Securities acquired directly from the Issuer or one of its Affiliates, then, upon such Holder’s request, each of the Issuer and the Guarantor shall: 

(x) use its commercially reasonable efforts to cause to be filed a shelf registration statement pursuant to Rule 415 under the
Securities Act, which may be an amendment to the Exchange Offer Registration Statement (in either event, the “Shelf Registration Statement”), as promptly as reasonably practicable after the occurrence of (i), (ii) or
(iii) of the first sentence of Section 4(a), which Shelf Registration Statement shall provide for resales of all Transfer Restricted Securities the Holders of which shall have provided the information required pursuant to Section 4(b)
hereof; and 
 (y) use its commercially reasonable efforts to cause such Shelf Registration Statement to be declared
effective by the Commission. 

  
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 Each of the Issuer and the Guarantor shall keep any such Shelf Registration Statement
continuously effective, supplemented and amended as required by the provisions of Sections 6(b) and (c) hereof to the extent necessary to ensure that it is available for resales of Initial Securities by the Holders of Transfer Restricted
Securities entitled to the benefit of this Section 4(a), and to ensure that the Shelf Registration Statement conforms with the requirements of this Agreement, the Securities Act and the policies, rules and regulations of the Commission as
announced from time to time, until the earlier of (i) one year following the effective date of such Shelf Registration Statement and (ii) the date on which all the Initial Securities covered by such Shelf Registration Statement have been
sold pursuant to such Shelf Registration Statement or are distributed to the public pursuant to Rule 144 under the Securities Act or would be eligible to be sold by a Person that is not an “affiliate” (as defined in Rule 144) of the Issuer
pursuant to Rule 144 without volume restriction (the “Shelf Effectiveness Period”). 
 (b) Provision by Holders of
Certain Information in Connection with the Shelf Registration Statement. No Holder of Transfer Restricted Securities may include any of its Transfer Restricted Securities in any Shelf Registration Statement pursuant to this Agreement unless and
until such Holder furnishes to the Issuer in writing, within 20 days after receipt of a request therefor, such information as the Issuer may reasonably request for use in connection with any Shelf Registration Statement or Prospectus or preliminary
Prospectus included therein. Each Holder as to which any Shelf Registration Statement is being effected agrees to furnish promptly to the Issuer all information required to be disclosed in order to make the information previously furnished to the
Issuer by such Holder true and correct in all material respects and not materially misleading. 
 SECTION 5. Registration Default. If
a Registration Default occurs, the interest rate on the Transfer Restricted Securities will be increased by (i) 0.25% per annum for the first 90-day period beginning on the day immediately following such Registration Default, and
(ii) an additional 0.25% per annum with respect to each subsequent 90-day period, in each case until and including the date such Registration Default ends, up to a maximum increase of 1.00% per annum. A Registration Default ends when
the Initial Securities cease to be Transfer Restricted Securities or, if earlier, (1) in the case of a Registration Default under clause (i) of the definition thereof, when the Exchange Offer is completed, (2) in the case of a
Registration Default under clause (ii) or clause (iii) of the definition thereof, when the Shelf Registration Statement becomes or is declared effective or (3) in the case of a Registration Default under clause (iv) or
clause (v) of the definition thereof, when the Shelf Registration Statement again becomes effective or the Prospectus again becomes usable. If at any time more than one Registration Default has occurred and is continuing, then, until the next
date that there is no Registration Default, the increase in interest rate provided for by this paragraph shall apply as if there occurred a single Registration Default that begins on the date that the earliest such Registration Default occurred and
ends on such next date that there is no Registration Default. Notwithstanding the foregoing, the interest rate on the Transfer Restricted Securities will not increase because more than one Registration Default has occurred and is pending. 

  
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 SECTION 6. Registration Procedures. Exchange Offer Registration Statement. (a) In
connection with the Exchange Offer, the Issuer and the Guarantor shall comply with all of the provisions of Section 6(c) hereof and shall use commercially reasonable efforts to effect such exchange to permit the sale of Transfer Restricted
Securities being sold in accordance with the intended method or methods of distribution thereof. As a condition to its participation in the Exchange Offer pursuant to the terms of this Agreement, each Holder of Transfer Restricted Securities shall
furnish, upon the request of the Issuer, prior to the Consummation thereof, a written representation to the Issuer (which may be contained in the letter of transmittal contemplated by the Exchange Offer Registration Statement) to the effect that
(A) it is not an Affiliate of the Issuer or the Guarantor, (B) it is not engaged in, and does not intend to engage in, and has no arrangement or understanding with any Person to participate in, a distribution (within the meaning of the
Securities Act) of the Exchange Securities to be issued in the Exchange Offer and (C) it is acquiring the Exchange Securities in its ordinary course of business. In addition, all such Holders of Transfer Restricted Securities shall otherwise
cooperate in the Issuer’s preparations for the Exchange Offer. Each Holder, including any Holder that is a Broker-Dealer, shall acknowledge and agree that any such Holder using the Exchange Offer to
participate in a distribution of the securities to be acquired in the Exchange Offer (1) could not under Commission policy as in effect on the date of this Agreement rely on the position of the Commission enunciated in Morgan
Stanley & Co., Inc. (available June 5, 1991) and Exxon Capital Holdings Corporation (available May 13, 1988), as interpreted in the Commission’s letter to Shearman & Sterling dated July 2, 1993, and
similar no-action letters, and (2) must comply with the registration and prospectus delivery requirements of the Securities Act in connection with a secondary resale transaction and that such a secondary
resale transaction should be covered by an effective registration statement containing the selling security holder information required by Item 507 or 508, as applicable, of Regulation S-K if the resales
are of Exchange Securities obtained by such Holder in exchange for Initial Securities acquired by such Holder directly from the Issuer or any of its Affiliates. 

(b) Shelf Registration Statement. In connection with any Shelf Registration Statement, each of the Issuer and the Guarantor shall
comply with all the provisions of Section 6(c) hereof and shall use commercially reasonable efforts to effect such registration to permit the sale of the Transfer Restricted Securities being sold in accordance with the intended method or
methods of distribution thereof, and pursuant thereto each of the Issuer and the Guarantor will as promptly as reasonably practicable prepare and file with the Commission a Registration Statement relating to the registration on any appropriate form
under the Securities Act, which form shall be available for the sale of the Transfer Restricted Securities in accordance with the intended method or methods of distribution thereof. 

  
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 (c) General Provisions. In connection with any Registration Statement and any Prospectus
required by this Agreement to permit the sale or resale of Transfer Restricted Securities (including, without limitation, any Registration Statement and the related Prospectus required to permit resales of Initial Securities by Broker-Dealers), each of the Issuer and the Guarantor shall: 
 (i) use commercially
reasonable efforts to keep such Registration Statement continuously effective and provide all requisite financial statements, including, if required by the Securities Act or any regulation thereunder, financial statements of the Guarantor for the
period specified in Section 3 or 4 hereof, as applicable; upon the occurrence of any event that would cause any such Registration Statement or the Prospectus contained therein (A) to contain an untrue statement of a material fact or omit
to state a material fact necessary to make the statements therein not misleading or (B) not to be effective and usable for resale of Transfer Restricted Securities during the period required by this Agreement, the Issuer and the Guarantor shall
file promptly an appropriate amendment to such Registration Statement (or file with the Commission a document to be incorporated by reference into the Registration Statement), in the case of clause (A), correcting any such misstatement or omission,
and, in the case of either clause (A) or (B), use commercially reasonable efforts to cause such amendment to be declared effective by the Commission and such Registration Statement and the related Prospectus to become usable for their intended
purposes as soon as practicable thereafter; 
 (ii) prepare and file with the Commission such amendments and post-effective amendments to the applicable Registration Statement as may be necessary to keep the Registration Statement effective for the applicable period set forth in Section 3 or 4 hereof, as applicable,
or such shorter period as will terminate when all Transfer Restricted Securities covered by such Registration Statement have been sold; cause the Prospectus to be supplemented by any required prospectus supplement, and as so supplemented to be filed
pursuant to Rule 424 under the Securities Act, and to comply fully with the applicable provisions of Rules 424, 430A and 430B under the Securities Act in a timely manner; and comply with the provisions of the Securities Act with respect to the
disposition of all securities covered by such Registration Statement during the applicable period in accordance with the intended method or methods of distribution by the Holders thereof set forth in such Registration Statement or supplement to the
Prospectus; 
 (iii) in the case of a Shelf Registration Statement, advise the underwriters, if any, and selling Holders
named in the Registration Statement, if any, promptly and, if requested by such Persons, confirm such advice in writing, (A) when the Prospectus or any prospectus supplement or post-effective amendment
has been filed, and, with respect to any Registration Statement or any post-effective amendment thereto, when the same has become effective, (B) of any request by the Commission for amendments to the
Registration Statement or amendments or supplements to the Prospectus or for additional information relating thereto, (C) of the issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement under the
Securities Act or of the suspension by any state securities commission of the qualification of the Transfer Restricted Securities for offering or sale in any jurisdiction, or the initiation of any proceeding for any of the preceding purposes, and
(D) of the existence of any fact or the happening of any event that makes any statement of a material fact made in the Registration Statement, the Prospectus, any amendment or supplement thereto, or any document incorporated by reference
therein untrue, or that requires the making of any additions to or changes in the Registration Statement or the Prospectus in order to make the statements therein not misleading. If at any time the Commission shall issue any stop

  
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order suspending the effectiveness of the Registration Statement, or any state securities commission or other regulatory authority shall issue an order suspending the qualification or exemption
from qualification of the Transfer Restricted Securities under state securities or blue sky laws, each of the Issuer and the Guarantor shall use its commercially reasonable efforts to obtain the withdrawal or lifting of such order at the earliest
possible time; 
 (iv) in the case of a Shelf Registration Statement, furnish without charge to each Initial Purchaser, each
selling Holder named in any Shelf Registration Statement that has requested such copies, and each underwriter, if any, before filing with the Commission, copies of any Shelf Registration Statement or any Prospectus included therein or any amendments
or supplements to any such Registration Statement or Prospectus (and, solely with respect to the Issuer, to make all reasonable efforts to notify each Initial Purchaser, each selling Holder named in any Shelf Registration Statement that has
requested copies, and each underwriter, if any, of the filing of any document to be incorporated by reference by the Issuer after the initial filing of such Shelf Registration Statement and to make all reasonable efforts to provide copies of such
incorporated documents to the managing underwriter(s), if any, prior to filing), which documents (other than incorporated documents) will be subject to the review and comment of the managing underwriter(s), if any, in connection with such sale for a
period of at least five Business Days, and the Issuer will not file any such Registration Statement or Prospectus or any amendment or supplement to any such Registration Statement or Prospectus (excluding all documents incorporated by reference) to
which the Initial Purchasers or the underwriter(s), if any, shall reasonably object in writing within five Business Days after the receipt thereof (such objection to be deemed timely made upon confirmation of telecopy transmission within such
period). The objection of the Initial Purchasers or an underwriter, if any, shall be deemed to be reasonable if such Registration Statement, amendment, Prospectus or supplement, as applicable, as proposed to be filed, contains an untrue statement of
a material fact or omits to state a material fact necessary to make the statements therein not misleading; 
 (v) promptly
prior to the filing of any document that is to be incorporated by reference into a Shelf Registration Statement or Prospectus, provide copies of such document to the Initial Purchasers, each selling Holder named in any Shelf Registration Statement
that has requested such copies, and to the underwriters, if any, make the representatives of the Issuer reasonably available for discussion of such document and other customary due diligence matters, and include such information in such document
prior to the filing thereof as such selling Holders or underwriters, if any, reasonably may request; 
 (vi) in connection
with any Underwritten Offering, make available during normal business hours for inspection for due diligence purposes by any underwriter participating in any disposition pursuant to such Registration Statement and any attorney or accountant retained
by the Initial Purchasers or any of the underwriters, all financial and other records, pertinent corporate documents and properties of each of the Issuer and the Guarantor and cause the Issuer’s and the Guarantor’s officers, directors and
employees to supply all information reasonably requested by any such underwriters, 

  
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attorney or accountant in connection with such Registration Statement or any post-effective amendment thereto subsequent to the filing thereof and prior to
its effectiveness and to participate in meetings with investors to the extent requested by the underwriters, if any; 
 (vii)
if requested by any selling Holders or underwriters, promptly incorporate in any Registration Statement or Prospectus, pursuant to a supplement or post-effective amendment if necessary, such information as
such selling Holders and underwriters, if any, may reasonably request to have included therein, including, without limitation, information relating to the “Plan of Distribution” of the Transfer Restricted Securities, information with
respect to the principal amount of Transfer Restricted Securities being sold to such underwriters, the purchase price being paid therefor and any other terms of the offering of the Transfer Restricted Securities to be sold in such offering; and make
all required filings of such prospectus supplement or post-effective amendment as soon as practicable after the Issuer is notified of the matters to be incorporated in such prospectus supplement or post-effective amendment; 
 (viii) in the case of a Shelf Registration Statement, furnish
to the Initial Purchasers, each selling Holder identified in the Registration Statement, who so reasonably requests, and each underwriter, if any, without charge, at least one copy of the Shelf Registration Statement, as first filed with the
Commission, and of each amendment thereto, including financial statements and schedules, all documents incorporated by reference therein and all exhibits (including exhibits incorporated therein by reference) (unless such documents are publicly
available on the Commission’s EDGAR system); 
 (ix) deliver to each selling Holder identified in the Registration
Statement and each underwriter, if any, without charge, as many copies of the Prospectus (including each preliminary prospectus) and any amendment or supplement thereto as such Persons reasonably may request; the Issuer and the Guarantor each hereby
consents to the use of the Prospectus and any amendment or supplement thereto by each of the selling Holders and each underwriter, if any, in connection with the offering and the sale of the Transfer Restricted Securities covered by the Prospectus
or any amendment or supplement thereto; 
 (x) in the case of a Shelf Registration Statement involving an Underwritten
Offering, enter into such agreements (including an underwriting agreement), and make such representations and warranties, and take all such other actions in connection therewith in order to expedite or facilitate the disposition of the Transfer
Restricted Securities pursuant to such Underwritten Offering, all to such extent as may be reasonably and customarily requested by any Holder of Transfer Restricted Securities or underwriter in connection with any sale or resale pursuant to such
Underwritten Offering; each of the Issuer and the Guarantor shall: 
 (A) furnish to each underwriter in such substance and
scope as they may reasonably request and as are customarily made by issuers or guarantors, as applicable, to underwriters in primary underwritten offerings: 

(1) a certificate, dated the date of the closing of such Underwritten Offering, signed by (A) the President or any Vice
President and (B) a principal financial or accounting officer of each of the General Partner, on behalf of the Issuer, and the Guarantor, on its own behalf, confirming, as of the date thereof, such matters set forth in the underwriting
agreement as such parties may reasonably request; 

  
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 (2) an opinion, dated the date of the closing of such Underwritten Offering, of
counsel for the Issuer and the Guarantor, covering such customary matters as such parties may reasonably request; and 
 (3)
a customary comfort letter, dated the date of the pricing of such Underwritten Offering, from (i) the Issuer’s independent accountants and (ii) the independent accountants of any other Person for which financial statements are
included in or incorporated by reference into such Shelf Registration Statement, in the customary form and covering matters of the type customarily requested to be covered in comfort letters to underwriters in connection with primary underwritten
offerings; 
 (B) deliver such other documents and certificates as may be reasonably requested by such parties to evidence
compliance with Section 6(c)(x)(A) hereof and with any customary conditions contained in the underwriting agreement or other agreement entered into by the Issuer or the Guarantor pursuant to this Section 6(c)(x), if any; and 

(C) prior to any public offering of Transfer Restricted Securities, cooperate with the selling Holders, the underwriters, if
any, and their respective counsel in connection with the registration and qualification of the Transfer Restricted Securities under the state securities or blue sky laws of such jurisdictions as the selling Holders or underwriter(s) may reasonably
request and do any and all other acts or things necessary or advisable to enable the disposition in such jurisdictions of the Transfer Restricted Securities covered by the Shelf Registration Statement; provided, however, that neither the
Issuer nor the Guarantor shall be required to register or qualify as a foreign corporation, partnership or limited liability company, as applicable, where it is not then so qualified or to take any action that would subject it to the service of
process in suits or to taxation in any jurisdiction where it is not then so subject; 
 If at any time the representations and warranties of the Issuer and
the Guarantor contemplated in Section 6(c)(x) hereof cease to be true and correct, the Issuer and the Guarantor shall so advise the Initial Purchasers and the underwriter(s), if any, and each selling Holder promptly and, if requested by such
Persons, shall confirm such advice in writing; 
 (xi) in the case of a Shelf Registration Statement issue, upon the request
of any Holder of Initial Securities covered by the Shelf Registration Statement, Exchange Securities having an aggregate principal amount equal to the aggregate principal amount 

  
 12 

 
of Initial Securities being sold by such Holder; such Exchange Securities to be registered in the name of the purchaser(s) of such Initial Securities; in return, the Initial Securities held by
such Holder shall be surrendered to the Issuer for cancellation; 
 (xii) in the case of a Shelf Registration Statement, and
subject to the forms of the Indenture, cooperate with the selling Holders and the underwriter(s), if any, to facilitate the timely preparation and delivery of certificates representing Transfer Restricted Securities to be sold and not bearing any
restrictive legends; and enable such Transfer Restricted Securities to be in such denominations and registered in such names as the selling Holders or the underwriter(s), if any, may request at least two Business Days prior to any sale of Transfer
Restricted Securities made by such Holders or underwriters; 
 (xiii) use its commercially reasonable efforts to cause the
Transfer Restricted Securities covered by the Registration Statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof or the underwriter(s), if any, to
consummate the disposition of such Transfer Restricted Securities, subject to the proviso contained in Section 6(c)(x)(C) hereof; 

(xiv) if any fact or event contemplated by Section 6(c)(iii)(D) hereof shall exist or have occurred, prepare a supplement
or post-effective amendment to the Registration Statement or related Prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered to the
purchasers of Transfer Restricted Securities, the Prospectus will not contain an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in light of the circumstances under which they
are made, not misleading; 
 (xv) provide a CUSIP number for all Exchange Securities not later than the effective date of a
Registration Statement covering such Exchange Securities and provide the Trustee under the Indenture with printed certificates for the Exchange Securities or global certificates representing the Exchange Securities, which are in a form eligible for
deposit with DTC and take all other action reasonably necessary to ensure that all such Exchange Securities are eligible for deposit with DTC; 

(xvi) cooperate and assist in any filings required to be made with FINRA and in the performance of any due diligence
investigation by any underwriter (including any “qualified independent underwriter”) that is required to be retained in accordance with the rules and regulations of FINRA; 

(xvii) otherwise use commercially reasonable efforts to comply with all applicable rules and regulations of the Commission, and
make generally available to securityholders, as soon as practicable, a consolidated earnings statement meeting the requirements of Rule 158 of the Securities Act (which need not be audited) for the
twelve-month period (A) commencing at the end of any fiscal quarter in which Transfer Restricted Securities are sold to underwriters in a firm commitment or best efforts Underwritten Offering or
(B) if not sold to underwriters in such an offering, beginning with the first month of the Issuer’s first fiscal quarter commencing after the effective date of the Registration Statement; and 

  
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 (xviii) cause the Indenture to be qualified under the Trust Indenture Act not
later than the effective date of the first Registration Statement required by this Agreement, and, in connection therewith, cooperate with the Trustee and the Holders to effect such changes to the Indenture as may be required for such Indenture to
be so qualified in accordance with the terms of the Trust Indenture Act; and to execute, and use commercially reasonable efforts to cause the Trustee to execute, all documents that may be required to effect such changes and all other forms and
documents required to be filed with the Commission to enable such Indenture to be so qualified in a timely manner. 
 (d) Restrictions on
Holders. Each Holder agrees by acquisition of a Transfer Restricted Security that, upon receipt of any notice from the Issuer of the existence of any fact or the happening of any event of the kind described in Section 6(c)(iii)(D) hereof,
such Holder will forthwith discontinue disposition of Transfer Restricted Securities pursuant to the applicable Registration Statement until such Holder’s receipt of the copies of the supplemented or amended Prospectus contemplated by
Section 6(c)(xiv) hereof, or until it is advised in writing (the “Advice”) by the Issuer that the use of the Prospectus may be resumed, and has received copies of any additional or supplemental filings that are incorporated by
reference in the Prospectus. If so directed by the Issuer, each Holder will deliver to the Issuer (at the Issuer’s expense) all copies, other than permanent file copies then in such Holder’s possession, of the Prospectus covering such
Transfer Restricted Securities that was current at the time of receipt of such notice. In the event the Issuer shall give any such notice, the time period regarding the effectiveness of such Registration Statement set forth in Section 3 or 4
hereof, as applicable, shall be extended by the number of days during the period from and including the date of the giving of such notice pursuant to Section 6(c)(iii)(D) hereof to and including the date when each selling Holder covered by such
Registration Statement shall have received the copies of the supplemented or amended Prospectus contemplated by Section 6(c)(xiv) hereof or shall have received the Advice; provided, however, that no such extension shall be taken
into account in determining whether additional interest shall accrue pursuant to Section 5 hereof or the amount of such additional interest, it being agreed that the Issuer’s option to suspend use of a Registration Statement pursuant to
this paragraph shall be treated as a Registration Default for purposes of Section 5 hereof. 
 SECTION 7. Registration Expenses.

 (a) All expenses incident to the Issuer’s performance of or compliance with this Agreement will be borne by the Issuer regardless of
whether a Registration Statement becomes or is declared effective, including, without limitation: (i) all registration and filing fees and expenses (including filings made by any Initial Purchaser or Holder with FINRA (and, if applicable, the
fees and expenses of any “qualified independent underwriter” and its counsel that may be required by the rules and regulations of FINRA)); (ii) all fees and expenses of compliance with United States federal securities and state
securities or blue sky laws; (iii) all expenses of printing (including printing certificates for the Exchange Securities to be issued in the Exchange Offer and printing of Prospectuses), messenger and delivery services and telephone;
(iv) all fees and disbursements of counsel for the Issuer and, subject to Section 7(b) hereof, the Holders of Transfer Restricted Securities; and (v) all fees and disbursements of the Trustee and its counsel; and (vi) all fees
and disbursements of independent certified public accountants of the Issuer (including the expenses of any special audit and comfort letters required by or incident to such performance). 

  
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 The Issuer will, in any event, bear its internal expenses (including, without limitation, all
salaries and expenses of its officers and employees performing legal or accounting duties), the expenses of any annual audit and the fees and expenses of any Person, including special experts, retained by the Issuer. 

For the avoidance of doubt, except as provided in Section 8 entitled “Indemnification,” no Initial Purchaser or Holder shall be
responsible for the expenses incident to the Guarantor’s performance of or compliance with this Agreement regardless of whether a Registration Statement becomes or is declared effective. 

(b) In connection with any Shelf Registration Statement required by this Agreement, the Issuer will reimburse the Initial Purchasers and the
Holders of Transfer Restricted Securities being registered pursuant to the Shelf Registration Statement for the reasonable fees and disbursements of not more than one counsel, who shall be Latham & Watkins LLP or such other counsel as may
be chosen by the Holders of a majority in principal amount of the Transfer Restricted Securities for whose benefit such Shelf Registration Statement is being prepared. 

(c) Each Holder will pay all underwriting discounts and commissions and transfer taxes, if any, relating to the sale or disposition of such
Holder’s Transfer Restricted Securities pursuant to the Shelf Registration Statement. 
 SECTION 8. Indemnification. 

(a) The Issuer agrees to indemnify and hold harmless (i) each Holder, (ii) each Person, if any, who controls any Holder within the
meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act (a “controlling person”) and (iii) the respective officers, directors, partners, employees, representatives, affiliates and agents of any
Holder or any controlling person (any Person referred to in clause (i), (ii) or (iii), an “Indemnified Holder”), to the fullest extent lawful, from and against any loss, claim, damage, liability or expense, as incurred, to
which an Indemnified Holder may become subject, under the Securities Act, the Exchange Act or other federal or state statutory law or regulation, or at common law or otherwise (including in settlement of any litigation, if such settlement is
effected with the written consent of the Issuer), insofar as such loss, claim, damage, liability or expense (or actions in respect thereof as contemplated below) arises out of or is based upon any untrue statement or alleged untrue statement of a
material fact contained in any Registration Statement or Prospectus (or any amendment or supplement thereto) or any free writing prospectus or preliminary prospectus used in any transaction contemplated hereby, or the omission or alleged omission
therefrom of a material fact necessary in order to make the statements therein (with respect to the Prospectus, in the light of the circumstances under which they were made) not misleading, and to reimburse each Indemnified Holder for any and all
expenses (including the fees and disbursements of counsel chosen by such Indemnified Holder) as such expenses are reasonably incurred by such Indemnified Holder in connection with investigating, defending, settling, compromising or paying any such
loss, claim, damage, liability, expense or action; provided, however, that the foregoing indemnity agreement shall not apply to any loss, claim, damage, liability or expense (including without limitation and as incurred, reimbursement of all

  
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reasonable costs of investigating, preparing, pursuing, settling, compromising, paying or defending any claim or action, or any investigation or proceeding by any governmental agency or body,
commenced or threatened, including the reasonable fees and expenses of counsel to any such Indemnified Holder) to the extent, but only to the extent, arising out of or based upon any untrue statement or alleged untrue statement or omission or
alleged omission made in reliance upon and in conformity with written information furnished to the Issuer by any of the Holders or the Guarantor expressly for use in any Registration Statement or Prospectus (or any amendment or supplement thereto)
or any free writing prospectus or preliminary prospectus used in any transaction contemplated hereby or arising out of or based upon any omission or alleged omission therefrom of a material fact necessary to make the statements therein (with respect
to the Prospectus, in the light of the circumstances under which they were made) not misleading in conformity with written information furnished to the Issuer by such Holder or the Guarantor, as applicable, expressly for use therein or due to the
failure of any Holder or the Guarantor to respond to any request for information by the Issuer. The indemnity agreement set forth in this Section 8(a) shall be in addition to any liabilities that the Issuer may otherwise have. 

(b) The Guarantor agrees to indemnify and hold harmless each Indemnified Holder, to the fullest extent lawful, from and against any loss,
claim, damage, liability or expense, as incurred, to which an Indemnified Holder may become subject, under the Securities Act, the Exchange Act or other federal or state statutory law or regulation, or at common law or otherwise (including in
settlement of any litigation, if such settlement is effected with the written consent of the Guarantor), insofar as such loss, claim, damage, liability or expense (or actions in respect thereof as contemplated below) arises out of or is based upon
any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement or Prospectus (or any amendment or supplement thereto) or any free writing prospectus or preliminary prospectus used in any transaction
contemplated hereby, or the omission or alleged omission therefrom of a material fact necessary in order to make the statements therein (with respect to the Prospectus, in the light of the circumstances under which they were made) not misleading,
and to reimburse each Indemnified Holder for any and all expenses (including the fees and disbursements of counsel chosen by such Indemnified Holder) as such expenses are reasonably incurred by such Indemnified Holder in connection with
investigating, defending, settling, compromising or paying any such loss, claim, damage, liability, expense or action; provided, however, that the foregoing indemnity agreement shall apply only to losses, claims, damages, liabilities or
expenses caused by or resulting from information relating to the Guarantor furnished to the Issuer by the Guarantor and shall not apply to any loss, claim, damage, liability or expense (including without limitation and as incurred, reimbursement of
all reasonable costs of investigating, preparing, pursuing, settling, compromising, paying or defending any claim or action, or any investigation or proceeding by any governmental agency or body, commenced or threatened, including the reasonable
fees and expenses of counsel to any such Indemnified Holder) to the extent, but only to the extent, arising out of or based upon any untrue statement or alleged untrue statement or omission or alleged omission made in reliance upon and in conformity
with written information furnished by the Issuer or to the Issuer by any of the Holders expressly for use in any Registration Statement or Prospectus (or any amendment or supplement thereto) or any free writing prospectus or preliminary prospectus
used in any transaction contemplated hereby or arising out of or based upon any omission or alleged omission therefrom of a material fact necessary to make the statements therein (with respect to the Prospectus, in the light of the circumstances
under which they were made) not misleading in 

  
 16 

 
conformity with written information furnished by the Issuer or to the Issuer by such Holder expressly for use therein or due to the failure of any Holder to respond to any request for information
by the Issuer. The indemnity agreement set forth in this Section 8(b) shall be in addition to any liabilities that the Guarantor may otherwise have. 

(c) Each Holder agrees, severally and not jointly, to indemnify and hold harmless each of the Issuer and the Guarantor and each of their
respective officers, directors, partners, employees, representatives and agents, and each controlling person, to the fullest extent lawful, from and against any loss, claim, damage, liability or expense, as incurred, to which the Issuer, the
Guarantor or any such officer, director, partner, employee, representative, agent or controlling person may become subject, under the Securities Act, the Exchange Act, or other federal or state statutory law or regulation, or at common law or
otherwise (including in settlement of any litigation, if such settlement is effected with the written consent of such Holder or such controlling person), insofar as such loss, claim, damage, liability or expense (or actions in respect thereof as
contemplated below) (i) arises out of or is based upon any untrue or alleged untrue statement of a material fact contained in any Registration Statement or Prospectus (or any amendment or supplement thereto) or any free writing prospectus or
preliminary prospectus used in connection with any transaction contemplated hereby, or (ii) arises out of or is based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the
statements therein not misleading, in each case to the extent, but only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in any Registration Statement or Prospectus (or any amendment or
supplement thereto) or any free writing prospectus or preliminary prospectus used in connection with any transaction contemplated hereby, in reliance upon and in conformity with written information furnished to the Issuer by such Holder expressly
for use therein or due to the failure of any Holder to respond to any request for information by the Issuer; and to reimburse the Issuer, the Guarantor or any such officer, director, partner, employee, representative, agent or controlling person for
any legal and other expenses reasonably incurred by the Issuer, the Guarantor or any such officer, director, partner, employee, representative, agent or controlling person in connection with investigating, defending, settling, compromising or paying
any such loss, claim, damage, liability, expense or action. The indemnity agreement set forth in this Section 8(c) shall be in addition to any liabilities that such Holder may otherwise have. In no event shall the liability of any selling
Holder hereunder be greater than the dollar amount of the proceeds received by such Holder upon the sale of the Transfer Restricted Securities giving rise to such indemnification obligation. 

(d) Promptly after receipt by an indemnified party under this Section 8 of notice of the commencement of any action, such indemnified
party will, if a claim in respect thereof is to be made against an indemnifying party under this Section 8, notify the indemnifying party in writing of the commencement thereof, but the omission so to notify the indemnifying party will not
relieve it from any liability which it may have to any indemnified party for contribution or otherwise than under the indemnity agreement contained in this Section 8 or to the extent it is not prejudiced as a proximate result of such failure.
In case any such action is brought against any indemnified party and such indemnified party seeks or intends to seek indemnity from an indemnifying party, the indemnifying party will be entitled to participate in and, to the extent that it shall
elect, jointly with all other indemnifying parties similarly notified, by written notice delivered to the indemnified party promptly after receiving the aforesaid notice 

  
 17 

 
from such indemnified party, to assume, the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however, if the defendants in any such action
include both the indemnified party and the indemnifying party and the indemnified party shall have reasonably concluded that a conflict may arise between the positions of the indemnifying party and the indemnified party in conducting the defense of
any such action or that there may be legal defenses available to it and/or other indemnified parties which are different from or additional to those available to the indemnifying party, the indemnified party or parties shall have the right to select
separate counsel to assume such legal defenses and to otherwise participate in the defense of such action on behalf of such indemnified party or parties. Upon receipt of notice from the indemnifying party to such indemnified party of such
indemnifying party’s election so to assume the defense of such action and approval by the indemnified party of counsel, which such approval shall not be unreasonably withheld, the indemnifying party will not be liable to such indemnified party
under this Section 8 for any legal or other expenses subsequently incurred by such indemnified party in connection with the defense thereof unless (i) the indemnified party shall have employed separate counsel in accordance with the
proviso to the immediately preceding sentence (it being understood, however, that the indemnifying party shall not be liable for the expenses of more than one separate counsel (together with local counsel) representing the indemnified parties who
are parties to such action) or (ii) the indemnifying party shall not have employed counsel satisfactory to the indemnified party to represent the indemnified party within a reasonable time after notice of commencement of the action, in each of
which cases the reasonable fees and expenses of counsel shall be at the expense of the indemnifying party. 
 The indemnifying party under
this Section 8 shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the indemnifying party agrees to indemnify the
indemnified party against any loss, claim, damage, liability or expense by reason of such settlement or judgment. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement, compromise or consent
to the entry of judgment in any pending or threatened action, suit or proceeding in respect of which any indemnified party is or could have been a party and indemnity was or could have been sought hereunder by such indemnified party, unless such
settlement, compromise or consent (i) includes an unconditional release of such indemnified party from all liability on claims that are the subject matter of such action, suit or proceeding and (ii) does not include a statement as to or an
admission of fault, culpability or a failure to act by or on behalf of any indemnified party. 
 (e) If the indemnification provided for in
this Section 8 is for any reason held to be unavailable to or otherwise insufficient to hold harmless an indemnified party in respect of any losses, claims, damages, liabilities or expenses referred to therein, then, in lieu of such
indemnification, each indemnifying party shall contribute to the aggregate amount paid or payable by such indemnified party, as incurred, as a result of any losses, claims, damages, liabilities or expenses referred to therein (i) in such
proportion as is appropriate to reflect the relative benefits received by the Issuer or the Guarantor, on the one hand, and the Holders, on the other hand, from the Initial Placement (which in the case of the Issuer shall be deemed to be equal to
the total gross proceeds to the Issuer from the Initial Placement and the Registration Statement) or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect
not only the relative benefits referred to in clause (i) above but also the relative fault of the Issuer or the Guarantor, on the one hand, and the 

  
 18 

 
Holders, on the other hand, in connection with the statements or omissions or inaccuracies in the representations and warranties herein which resulted in such losses, claims, damages, liabilities
or expenses, as well as any other relevant equitable considerations. The relative fault of the Issuer or the Guarantor, on the one hand, and the Holders, on the other hand, shall be determined by reference to, among other things, whether any such
untrue or alleged untrue statement of a material fact or omission or alleged omission to state a material fact or any such inaccurate or alleged inaccurate representation or warranty relates to information supplied by the Issuer, the Guarantor or
the Holders, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

The amount paid or payable by a party as a result of the losses, claims, damages, liabilities and expenses referred to above shall be deemed
to include, subject to the limitations set forth in this Section 8, any legal or other fees or expenses reasonably incurred by such party in connection with investigating or defending any action or claim. The provisions set forth in
Section 8(d) with respect to notice of commencement of any action shall apply if a claim for contribution is to be made hereunder; provided, however, that no additional notice shall be required with respect to any action for which
notice has been given under Section 8(d) for purposes of indemnification. 
 The Issuer, the Guarantor and each Holder of Transfer
Restricted Securities agree that it would not be just and equitable if contribution pursuant to this Section 8 were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of
allocation which does not take account of the equitable considerations referred to in this Section 8. 
 Notwithstanding the provisions
of this Section 8, none of the Holders (or any Person who controls such Holder within the meaning of the Securities Act and the Exchange Act) shall be required to contribute, in the aggregate, any amount in excess of the amount by which the net
proceeds received by such Holder from the sale of the Transfer Restricted Securities pursuant to a Registration Statement exceeds the amount of any damages which such Holder has otherwise been required to pay by reason of such untrue or alleged
untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11 of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(e) are several, and not joint, in proportion to the respective principal amount of Initial Securities held by each of the Holders hereunder and not joint.
For purposes of this Section 8(e), each director, officer and employee of each Holder and each Person, if any, who controls any Holder within the meaning of the Securities Act and the Exchange Act shall have the same rights to contribution as
such Holder, and each director, officer, employee, representative, affiliate and agent of the Issuer or the Guarantor, and each Person, if any, who controls the Issuer or the Guarantor within the meaning of the Securities Act and the Exchange Act
shall have the same rights to contribution as such party. 
 SECTION 9. Rule 144A. Each of the Issuer and the Guarantor hereby agrees
with each Holder, for so long as any Transfer Restricted Securities remain outstanding, to make available to any Holder or beneficial owner of Transfer Restricted Securities in connection with any sale thereof and any prospective purchaser of such
Transfer Restricted Securities from such 

  
 19 

 
Holder or beneficial owner, the information required by Rule 144A(d)(4) under the Securities Act in order to permit resales of such Transfer Restricted Securities pursuant to Rule 144A under the
Securities Act. 
 SECTION 10. Participation in Underwritten Registrations. No Holder may participate in any Underwritten
Registration hereunder unless such Holder (a) agrees to sell such Holder’s Transfer Restricted Securities on the basis provided in any underwriting arrangements approved by the Persons entitled hereunder to approve such arrangements and
(b) completes and executes all reasonable questionnaires, powers of attorney, indemnities, underwriting agreements, lock-up letters and other documents required under the terms of such underwriting
arrangements. 
 SECTION 11. Selection of Underwriters. The Holders of Transfer Restricted Securities covered by the Shelf
Registration Statement who desire to do so may sell such Transfer Restricted Securities in an Underwritten Offering. In any such Underwritten Offering, the investment banker or investment bankers and manager or managers that will administer the
offering will be selected by the Holders of a majority in aggregate principal amount of the Transfer Restricted Securities included in such offering; provided, however, that such investment bankers and managers must be reasonably
satisfactory to the Issuer. 
 SECTION 12. Miscellaneous. 

(a) Remedies. Each of the Issuer and the Guarantor hereby agrees that monetary damages would not be adequate compensation for any loss
incurred by reason of a breach by it of the provisions of this Agreement and hereby agrees to waive the defense in any action for specific performance that a remedy at law would be adequate. 

(b) Several Liability. The obligations of the Issuer and the Guarantor hereunder are several and not joint and neither the Issuer nor
the Guarantor will be liable in any way for the other’s failure to perform any obligation hereunder. Any Indemnified Holder or other party seeking to recover under this Agreement from the Issuer or the Guarantor for any failure to perform any
obligation hereunder shall only have a right to recover from the party whose failure is the subject of the claim. 
 (c) No Inconsistent
Agreements. Neither the Issuer nor the Guarantor will, on or after the date of this Agreement, enter into any agreement with respect to its securities that is inconsistent with the rights granted to the Holders in this Agreement or otherwise
conflicts with the provisions hereof. Neither the Issuer nor the Guarantor has previously entered into any agreement granting any registration rights with respect to its securities to any Person pursuant to which any such Person would have the right
to include any securities in any Registration Statement to be filed with the Commission as required under this Agreement. The rights granted to the Holders hereunder do not in any way conflict with and are not inconsistent with the rights granted to
the holders of the Issuer’s or the Guarantor’s securities under any agreement in effect on the date hereof. 
 (d) Adjustments
Affecting the Securities. Neither the Issuer nor the Guarantor will take any action, or permit any change to occur, with respect to the Initial Securities and/or the Exchange Securities that would materially and adversely affect its ability to
Consummate the Exchange Offer. 

  
 20 

 (e) Amendments and Waivers. The provisions of this Agreement, including the provisions of
this sentence, may not be amended, modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless the Issuer has obtained the written consent of Holders of a majority of the then-outstanding
aggregate principal amount of Transfer Restricted Securities or a confirmation from DTC that the Holders of a majority of the then-outstanding aggregate principal amount of Transfer Restricted Securities has consented. Notwithstanding the foregoing,
a waiver or consent to depart from the provisions hereof with respect to a matter that relates exclusively to the rights of Holders whose Transfer Restricted Securities are being sold pursuant to a Registration Statement and that does not directly
or indirectly affect the rights of other Holders whose securities are not being sold pursuant to such Registration Statement may be given by the Holders of a majority in aggregate principal amount of the Transfer Restricted Securities being sold by
such Holders pursuant to such Registration Statement; provided that the provisions of this sentence may not be amended, modified or supplemented except in accordance with the provisions of the immediately preceding sentence; provided
further that, with respect to any matter that directly or indirectly affects the rights of any Initial Purchaser hereunder, the Issuer shall obtain the written consent of each such Initial Purchaser (which consent shall not be unreasonably
withheld) with respect to which such amendment, supplement, waiver or consent is to be effective. Notwithstanding the preceding two sentences, Sections 5 and 8 hereof shall not be amended, modified or supplemented, and waivers or consents to depart
from this sentence may not be given, unless the Issuer has obtained the written consent of each Holder affected thereby. 
 (f)
Notices. All notices and other communications provided for or permitted hereunder shall be made in writing by hand-delivery, first-class mail (registered or
certified, return receipt requested), telex, telecopier, or air courier guaranteeing overnight delivery: 
 (i) if to a
Holder, at the address set forth on the records of the Registrar under the Indenture, with a copy to the Registrar under the Indenture; 

(ii) if to the Issuer: 
  

			
	Enable Midstream Partners, LP
	One Leadership Square
	211 North Robinson Avenue, Suite 950
	Oklahoma City, Oklahoma 73102
	Facsimile:	  	(302) 655-5049
	Attention:	  	General Counsel
	
	With a copy (which shall not constitute notice) to:
	
	Jones Day
	77 West Wacker Drive
	Chicago, Illinois 60601-1692
	Facsimile:	  	(312) 782-8585
	Attention:	  	Robert J. Joseph

  
 21 

 (iii) if to the Guarantor: 

 

			
	CenterPoint Energy Resources Corp.
	1111 Louisiana Street
	Houston, Texas 77002
	Facsimile:	  	(713) 207-0141
	Attention:	  	General Counsel
	
	With a copy (which shall not constitute notice) to:
	
	Baker Botts L.L.P.
	 One Shell Plaza
 910 Louisiana
Street

	Houston, Texas 77002-4995
	Facsimile:	  	(713) 229 7734
	Attention:	  	Gerald M. Spedale

 (iv) if to the Initial Purchasers: 

 

			
	RBS Securities Inc.
	600 Washington Blvd.
	Stamford, Connecticut 06901
	Facsimile:	  	(203) 873-4534
	Attention:	  	Debt Capital Markets / Syndicate Desk and Legal Department
	
	Merrill Lynch, Pierce, Fenner & Smith Incorporated
	50 Rockefeller Plaza
	NY1-050-12-01
	New York, New York 10020
	Facsimile:	  	(646) 855-5958
	Attention:	  	High Grade Transaction Management / Legal
	
	Credit Suisse Securities (USA) LLC
	Eleven Madison Avenue
	New York, New York 10010-3629
	Facsimile:	  	(212) 325-4296
	Attention:	  	LCD-IBD / General Counsel
	
	RBC Capital Markets, LLC
	Three World Financial Center
	10th Floor
	New York, New York 10281-8098
	Facsimile:	  	(212) 618-2210
	Attention:	  	High Yield Capital Markets

  
 22 

			
	With a copy (which shall not constitute notice) to:
	
	Latham & Watkins LLP
	811 Main Street, 37th Floor
	Houston, Texas 77002
	Facsimile:	  	(713) 546-5401
	Attention:	  	Ryan J. Maierson

 All such notices and communications shall be deemed to have been duly given: at the time delivered by hand, if
personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when answered back, if telexed; when receipt acknowledged, if telecopied; and on the next Business Day, if timely delivered to an air courier
guaranteeing overnight delivery. 
 Copies of all such notices, demands or other communications shall be concurrently delivered by the
Person giving the same to the Trustee at the address specified in the Indenture. 
 (g) Successors and Assigns. This Agreement shall
inure to the benefit of and be binding upon the successors and assigns of each of the parties, including, without limitation, and without the need for an express assignment, subsequent Holders of Transfer Restricted Securities; provided,
however, that this Agreement shall not inure to the benefit of or be binding upon a successor or assign of a Holder unless and to the extent such successor or assign acquired Transfer Restricted Securities from such Holder. 

(h) Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each
of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 

(i) Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning
hereof. 
 (j) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK,
WITHOUT REGARD TO THE CONFLICTS OF LAW RULES THEREOF. 
 (k) Severability. In the event that any one or more of the provisions
contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein
shall not be affected or impaired thereby. 
 (l) Entire Agreement. This Agreement is intended by the parties as a final expression
of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, warranties or undertakings,
other than those set forth 

  
 23 

 
or referred to herein with respect to the registration rights granted by the Issuer and the Guarantor with respect to the Transfer Restricted Securities. This Agreement supersedes all prior
agreements and understandings between the parties with respect to such subject matter. 
 [Signature Pages Follow.] 

  
 24 

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

  

			
	Very truly yours,
	
	ENABLE MIDSTREAM PARTNERS, LP
		
	By:	 	Enable GP, LLC, its general partner
		
	By:	 	 /s/ Rodney J. Sailor

	Name:	 	Rodney J. Sailor
	Title:	 	Executive Vice President and Chief Financial Officer
	
	CENTERPOINT ENERGY RESOURCES CORP.
		
	By:	 	 /s/ Gary L. Whitlock

	Name:	 	Gary L. Whitlock
	Title:	 	Executive Vice President and Chief Financial Officer

 Signature Page to Registration Rights Agreement 

 The forgoing Registration Rights Agreement is hereby confirmed and accepted as of the date first
above written: 
  

					
	 RBS SECURITIES INC.

MERRILL LYNCH, PIERCE, FENNER & SMITH

        INCORPORATED

CREDIT SUISSE SECURITIES (USA) LLC
 RBC CAPITAL MARKETS,
LLC
  
 Acting severally on behalf of themselves and the several Initial Purchasers
named in Schedule I to the Purchase Agreement

		
	By:	 	RBS Securities Inc.
		
	By:	 	 /s/ Okwudiri Onyedum

		 	Name:	 	Okwudiri Onyedum
		 	Title:	 	Managing Director
		
	By:	 	 Merrill Lynch, Pierce, Fenner & Smith

  Incorporated

		
	By:	 	 /s/ Keith Harman

		 	Name:	 	Keith Harman
		 	Title:	 	Managing Director
		
	By:	 	Credit Suisse Securities (USA) LLC
		
	By:	 	 /s/ Michael Kim

		 	Name:	 	Michael Kim
		 	Title:	 	Director
		
	By:	 	RBC Capital Markets, LLC
		
	By:	 	 /s/ Scott G. Primrose

		 	Name:	 	Scott G. Primrose
		 	Title:	 	Authorized Signatory

 Signature Page to Registration Rights Agreement

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